| Founded: | Account Currencies |
| 2011 | USD, EUR, GBP, PLN. |
| Trading Instruments: | Trading Platforms: |
| Forex, Indices, Commodities/Metals, Stocks, Cryptocurrencies | MetaTrader 4, MetaTrader 5, Orbex Mobile App |
| Funding Methods: | Regulation |
| Card Payments, E-Wallets, Bank Wire Transfer | FSC (Mauritius) FSA (Seychelles) |
| Max Leverage: | Min Deposit: |
| 1:500 | $100 |
Pros and Cons
| Pros | Cons |
| Fast execution | Inactivity fee |
| Low spreads | Limited instruments |
| Good education | Weak regulation |
| Supports EA/scalping | Higher commissions |
| Multiple accounts | Inactivity fee |
Trust and Safety
Orbex has been around since 2011. It is watched over by the Financial Services Commission of Mauritius and the Seychelles Financial Services Authority. Over the years Orbex has become a part of the CFD industry and it has gotten several awards for things like how it handles trades what customers think of it teaching people about forex and how it carries out trades.
When it comes to managing risk Orbex has something called Negative Balance Protection. This is meant to stop traders from losing money than they have in their account. Orbex also uses codes to protect data and it gives traders a free service that helps them use computers to trade automatically. This is a layer of support for traders who use computers to trade all the time.
Traders should also think about how well a broker is regulated and where it is regulated. Orbex is not regulated by authorities like the FCA in the UK or ASIC in Australia. The level of regulation can be different depending on the broker and where the trader lives so people should check which part of Orbex will handle their account before they put money in.
In all Orbex might be a good choice for traders who want good trading conditions Negative Balance Protection and a broker that has been around for a while.. Traders who really care about being protected by the biggest regulators might want to compare Orbex to other brokers that are regulated in big financial places like the UK or Australia. Orbex is still an option, for people who want to trade forex and CFDs but they should do their research first.
Account Types
Orbex offers three primary account types: Starter, Premium and Ultimate. Each account is designed around a different level of trading capital and provides access to the broker’s range of forex and CFD instruments.
| Account | Minimum Deposit | Spread | Commission |
|---|---|---|---|
| Starter | $100 | From 0.0 pips | $0 |
| Premium | $500 | From 0.0 pips | $8 |
| Ultimate | $25,000 | From 0.0 pips | $5 |
Commissions and Fees
Orbexs trading costs are based on the type of account you have. What you are trading. They say their spreads start at 0.0 pips for some accounts. This can change depending on what is happening in the market and how easy it is to buy or sell something.
The Starter account does not charge you a fee for each trade so you mainly pay through the spread. The Premium account charges you eight dollars for each trade and the Ultimate account charges you five dollars for each trade. You should check if this fee is for each time you buy or sell or if it is for the trade before you compare it to what other brokers charge.
Orbex also says they have something called No Dealing Desk execution, which means you get the price without any extra fees. They also say you will not have to deal with changes in price or people asking you to change your order.. They say you can trade with big banks. They claim it only takes 0.03 seconds to complete a trade. This is good for people who trade a lot or only hold something for a time.
You might also have to pay to hold something which is called a rollover or swap charge. This depends on what you’re trading and how you are trading it. Some people might not have to pay this fee. Orbex has ways to put money in or take money out of your account like using a credit card, bank transfer, Skrill or Neteller.. The way you can do this and if it costs anything depends on where you live and who you bank with.
So you should look at what Orbex’s charging right now, for spreads, swaps and commissions before you open an account with them. Orbexs trading costs can. They can be very different depending on what you are trading.
Trading Platforms and Customer Support
Orbex gives people MetaTrader 4. This is a popular platform that people use to trade forex. MetaTrader 4 has a lot of things like charts and special tools that help people make good choices. It also has something called Expert Advisors that can help people trade automatically. People can use MetaTrader 4 on their computers and phones.
Orbex review also has its app for phones. People can use this app to look at their accounts and manage their money. They can also use it to put money into their accounts and take money out. The app is very safe. People can even use their face to log in.
One thing that Orbex is really good at is teaching people about trading. They have a lot of videos and books that people can use to learn. They also have something called webinars where people can listen to experts talk about trading. Orbex has a place on their website where people can go to learn about trading. It is called the Forex Educational Hub. This place has something for everyone no matter how much they know about trading.
If people have questions they can talk to someone at Orbex. They can do this five days a week. The people at Orbex speak languages so people from all around the world can talk to them. Orbex has a lot of things like MetaTrader 4 a good app and people who can help.
For people who want to learn about trading Orbex is a choice. They have a lot of tools and people who can help.. People should still look at what other companies have to offer before they make a decision. They should look at things, like how much it costs to trade and what rules the company has to follow.
