Orbex

Why to choose Orbex?

Here is why to choose Orbex or simply skip it, up to you to pick!

The Orbex Forex Broker is a reputable Cyprus-based company with a solid track record of operations, a technological background, and a broad spectrum of trading services for multi-asset trading, education, and ongoing development.

Additionally, Orbex has representative offices in Kuwait and Jordan covering the MENA area, expanding its range of services to include trading. Additionally, Orbex broadens its scope with a global proposal as the broker opened entity in Mauritius with access to high leverage and obtained a regional financial license from the MFSC.

Orbex is a regulated broker for trading CFDs and offers excellent free educational resources, social trading options, access to the MT4 platform, quick account opening, a free Demo account, and no commission alternatives for deposits and withdrawals.

Orbex Pros and Cons

Orbex is a regulated broker for trading CFDs and offers excellent free educational resources, social trading options, access to the MT4 platform, quick account opening, a free Demo account, and no commission alternatives for deposits and withdrawals.

Cons include restricted instruments selection and 24/7 support is not available.

Is Orbex safe or a scam?

Due to its regulation and legal standing acquired through CySEC regulation, Orbex is not a scam. Trading forex with Orbex or a tier-1 CySEC-regulated broker is regarded as low-risk.

Is Orbex legit?

Orbex is an investment firm that is fully regulated and licensed. It used to operate in accordance with ESMA and CySEC regulations.

The aforementioned law is a transposition of MiFID European Law, which is overseen by ESMA and works to ensure the stability of the financial system of the European Union and enhancing the protection of investors and financial market stability.

For now, only FSC remains active, thus we encourage our European clients to double-check availability and regulatory status if they are interested.

It is believed that FSC Mauritius is an offshore zone. Despite this, FSC has updated its policy and and requires higher capitalization and standards for brokerage businesses. Overall, it greatly improves the situation, making the broker trustworthy.

Leverage

The regulatory limitations in each jurisdiction are always used to determine the leverage levels or the possibility of the broker offering you a loan that might raise your trading size and potentially amplify your earnings.

Orbex offers traders the chance to trade with leverage up to 1:500 and open larger positions with relatively little capital.

Once the status is established, professionals from any jurisdiction will have access to high leverage. But always be careful to use leverage wisely, since this tool may also function in reverse and significantly increase risks.

Accounts

Orbex provides four different account types, either with all costs built into a spread either fixed or variable, and another two are raw spread accounts from 0 pips with trading fees built into a commission charge where a commission is only 5$ for the Ultimate account.
Again, make sure to verify account conditions with customer support as local laws may apply.

The automated copy-trading system FXStat Tradebook, a form of social trading that is currently very popular, also offers a specific account for Orbex, which allows for simple investment by just following a professional strategy with a Commission of just $10.

Additionally, there is a chance for Islamic traders to join the Orbex team by requesting a SWAP-free account, which would allow them to trade without paying rollover fees.

Starter Trading Account

The Starter Trading Account from Orbex offers flexible trade sizes starting at 0.01 lots, up to 1:500 leverage, variable spreads (EUR/USD average spread from 1.5), and $0 commissions on forex trading. With a minimum deposit of $100, Orbex’s Starter Trading Account allows traders to access industry-leading tools such as Trading Central, exclusive market analysis by the Orbex Research Team, as well as the ability to Buy or Sell CFDs on over 300 instruments including forex pairs, shares, metals, energies, futures, indices, and cryptocurrencies.

Premium Trading Account

Orbex’s Premium Trading Account features raw forex spreads from 0.0 pips at $8 commission per lot, flexible trade sizes from 0.01 lots, and up to 1:500 leverage.

The minimum deposit is $500. Orbex’s Premium Trading Account enables traders access to a number of exclusive tools, such as advanced educational resources, a one-on-one training session with an Orbex analyst of their choice, also, a range of exclusive webinars.

Premium clients can also benefit from Orbex’s standard trading tools which include free access to Trading Central, daily technical and fundamental market analysis, free live market updates and alerts, as well as the ability to Buy or Sell CFDs on over 300 instruments including forex pairs, shares, metals, energies, futures, indices, and cryptocurrencies.

Ultimate Trading Account

Orbex’s Ultimate Trading Account features raw forex spreads from 0.0 pips at $5 commission per lot, flexible trade sizes from 0.01 lots, and up to 1:500 leverage.

With a minimum deposit of $25,000, Orbex’s Ultimate Trading Account allows traders to access a number of exclusive tools including advanced educational resources, three one-on-one training sessions with an Orbex analyst of their choice, as well as a range of exclusive webinars.

Ultimate account holders can also benefit from Orbex’s standard trading tools including access to Trading Central, daily technical and fundamental market analysis, free live market updates and alerts, as well as the ability to Buy or Sell CFDs on over 300 instruments including forex pairs, shares, metals, energies, futures, indices, and cryptocurrencies.

Demo Accounts

Orbex’s Demo Account enables you to gain access to Orbex’s full Educational Library and practice trading online 100% free. Choose to fund your demo account with up to $5,000,000 in free virtual funds and test your trading skills on any Orbex MT4 platform.
Practice trading 24/5 on over 300 CFDs including stocks, forex pairs, commodities, indices, and cryptocurrencies with up to 1:500 leverage. Discover whether you have the skills to become a trader and open a live account to start making real P&L.

Fees

Orbex fees are based on commissions. Below is explained the commission for each asset.

Forex :

$0 commission on variable spreads

$8 per lot commission on raw spreads from 0.0 with Premium Account

$5 per lot commission on raw spreads from 0.0 with Ultimate Account

Commodities: $0
Cryptocurrencies: 0.5% Standard Commission
Stocks, Indices, Futures: 0.16% Standard Commission

Spreads

Orbex spreads are obviously defined by the account type you use, while fixed spread (see the best fixed spread brokers) in Classic account is slightly higher and starting from 1.9pips, yet offers stability under any conditions and good for beginners. The Standard Account spreads are starting from 1.5 pips and operated through floating or variable spread nature allowing you to perform scalping or other strategies.

Another higher grade account offers even lower spreads from o pips respectively, which is a raw interbank spread where all trading costs are built into a commission charge. As long as the trading size and account increase you will be able to access a discounted commission of 5$ only.

Trading Instruments

Orbex specializes in CFD online trading with more than 300 forex pairs, stocks, indices, energies, metals, futures and cryptocurrencies that are provided with deep liquidity from Tier-1 banks through reliable and fast execution. Also, you can trade energies and precious metals with NDD connectivity.

Deposit and Withdrawal Methods

Examining the methods for depositing and withdrawing funds from your trading account is another key consideration when choosing a Forex broker. Naturally, licensed brokers follow best practices and are regulated by its authority in terms of money management.

Deposit Options

Orbex provides one of the fastest transaction processing using a range of payment methods, such as

Neteller,

Credit/ Debit cards,

Skrill,

WebMoney,

fasapay

Wire Transfer

What is minimum deposit for Orbex account?

The minimum of Orbex account is 500$ allows to participate to trading with a Standard account feature with CySEC regulation and entity. It does depend on the type of account you intend to use for trading, as well as the entity conditions because there are various deposit requirements. A lower deposit of 200$ is required to start an account for international traders.

Withdrawals

Orbex does not charge any transaction fees either for deposits or withdrawals, where all account manipulations can be done through your online account management area and withdrawal options including Bank wire and Cards.

Trading Platforms

The MT4 is indeed very known and most used software in the industry because of its advanced chart feature, multilingual support, security and reliability along with the support of various trading styles. That is why Orbex mainstays on this technology and software.

Web Platform

An award-winning and user-friendly Orbex platform is built on MT4 software and provides Desktop, Multi-Terminal, Mobile, Web and iOS versions. The Web Platform will be a suitable option for regular-sized traders because it is simple to use on any device but has less customisation and extensive drawing tools.

Desktop Platform

So if you adhere to professional trading, of course desktop platform is an obvious choice for you. All the features and benefits of MT4 are available here, including fantastic charts, a wide range of order types, cutting-edge analytical tools, and readily available robots that can execute auto trading.

Additionally, Orbex Strategies’ algorithmic trading systems offers a variety of powerful robotic systems and does not require programmers to build EAs. Additionally, you can apply for a free VPS hosting service that gives you the opportunity to operate EA 24/5 at faster execution speeds.

Mobile platform

A mobile app available for iOS or Android smartphones is also included in the package. As a result, you can manage your account and positions from your mobile device while also staying informed about market conditions.

Customer Support

Additionally, the Orbex staff offers round-the-clock customer care during business days in an effort to assist its clients in becoming successful traders. Through its service centers, Orbex offers customer care via emails, live chat, international phone lines, and is prepared to respond in a number of languages.

Education

The secret to success is education for all levels of traders, together with recent forex news, in-depth analytical articles, and reviews. Since Orbex covers everything, you may also take advantage of its in-house created Orbex Web TV, which features the most recent updates and topics, as well as high-quality technical and fundamental analyses.

For the purpose of assisting them in making wiser decisions, Orbex clients have access to a multitude of educational resources, such as live webinars, e-books, and e-courses.

Free analysis support and data are offered as part of research resources to help traders focus on their targets. where there are also weekly updates, calculators, and economic calendars.

Conclusion

Orbex is a reputable company with strong positions among online trading options for the EU and MENA region as well as international coverage.
From the positive point is the range of account types, very comprehensive platform features and numerous free tools allowing a better trading environment. Additionally, there are two options available the flexible or floating spreads, OTC or ECN connection, as well as the strategies to choose from. Beginner traders can take advantage of free educational resources, while experienced traders are supported by specialized, customized services.