Orbex Broker Reviews and Full Information

What is Orbex?

This Forex Broker Orbex operates as a well-established Cyprus business that has a proven track record, a technological expertise and a wide array of trading options for multi-asset trading, as well as education and continuous advancement.

Furthermore, Orbex serving representative offices in The MENA regions, including Kuwait in Kuwait and Jordan which extends its services even more comprehensive the borders of trading services. Furthermore, Orbex expands its horizons with an international plan the company that opened its doors to brokers in Mauritius that has the ability to leverage high. and also received the local financial license from MFSC.

Pros and Cons of Orbex

Orbex is a Regulated Broker for CFD trading. It offers great tools for trading and free education without charge, social Trading options and MT4 platforms Quick account opening, and a demo accounts for free and no commission-based deposits or withdrawal options.

For Cons, Support is not 24/7, and instruments are limited to only CFD products.

10 Point Summary

Awards

Orbex is already well-known and has been operating for quite a while is also a participant in various trade shows and has received numerous awards from around the world as well as the huge amount of traders who are active. This all adds up to the status of Orbex and its credibility in the business, which we will explore more in depth within the Orbex Review.

Is Orbex an authentic and safe investment or is it a scam?

Yes, Orbex is not a fraud due to its regulatory and legal status as a result of CySEC regulation. It is considered to be low risk Forex trading through Orbex or with Tier-1 CySEC accredited broker.

Is Orbex legitimate?

Orbex is fully licensed and controlled Cyprus Investment Firm supervised by the CySEC and is licensed to conduct international trade across Europe and in addition. The above-mentioned regulation is an adaptation of MiFID European Law which operates under ESMA that helps to ensure financial stability in the EU's financial system as well as enhancing protection of investors and market stability.

Another organization Orbex maintained is situated in stunning Mauritius in the beautiful island of Mauritius, which is not a trusted financial jurisdiction, but rather an offshore zone. If the broker's location is in the offshore region We do not recommend trading with them, due to the absence of regulation could lead to the possibility of being fraud. However, because of Orbex's European licence from Orbex it is considered to be a secure trading environment.

Protection of the fund

The funds of clients are kept in separate accounts, which are separate from the company's own funds. In addition, Orbex is a member of the Investment Compensation Funds, which protects clients from any claims against other members of the Fund that exceed 20.000 EUR.

Leverage

Levels of leverage or the potential for the broker offering you an q loan which could boost your trading volume and possibly increase your profit is always determined by the regulations in each country.

When you trade with the European Orbex entity you will automatically be subject to ESMA regulations. The ESMA recently permitted smaller amounts of leverage, that can reach 1:30 for major currencies, and 1:10 in the case of commodities.

When you make a trade through Orbex Global, there is the option of accessing the highest leverage levels as high as 1.500 in Forex instruments.

Professionals from any country have access to leverage after the status has been established. However, it is important to understand how to utilize leverage wisely, since leverage can be reversed and make risks more significant.

Accounts

Orbex providing four different types of accounts that include all costs in the spread, either fixed or variable. two of them are spread accounts that start at zero pips, with fees for trading that are a part of a commission with a fee of 5$ for the Ultimate Account. Yet, again ensure that you confirm the conditions of your account with customer service to determine if the regulations in your particular area are in place.

Furthermore, Orbex has a specific account that allows copy trading via the FXStat, an automated copy-trading system Tradebookwhich is a type of social trading that is very well-known today, offering an easy investment, based on the using a professional strategy. Commission of just 10 dollars.

Additionally, there is an opportunity for Islamic traders to join the Orbex team via the SWAP-free account feature on request of trading without rollover fees.

Fees

Orbex provides both fixed and variable spreads starting at 0 pips and 0.8 pip on Standard accounts. Additional fees are listed in the fees table below.

Spreads

Orbex spreads are clearly defined by the type of account you choose, while the fixed spreads for the Classic accounts is slightly higher , starting at 1.9pips, yet offers security in all conditions and is ideal for those who are just beginning. The Standard Spreads for Accounts start at 1.5 pipand are operated by floating or variable spreads which allows you to use the scalping and other methods.

Another more expensive account comes with low spreads, starting from 1 pips to which is an uncooked interbank spread, where the entire cost of trading is incorporated into a commission. If the size of your account and trading grow, you'll receive an affordable commission of only 5 dollars.

Overnight charge

To get a general idea, consult the spread and table on the most popular instruments. For overnight or rollover fees, they are being considered a trading cost and for instance, see the an image below. You can also examine fees against another well-known brokerage Amana Capital.

The snapshot of trading fees

Trading Instruments

Orbex specialising on online CFD trades on commodities, currencies Futures, Cash indices and commodities (OTC) that are supplied with a high level of liquidity from the banks that are Tier-1 with rapid and reliable execution. You can also trade precious metals, energy and other commodities using the NDD connection.

Deposit and withdrawal methods

Another important aspect to consider when choosing the right Forex broker is knowing the best way to transfer funds into or out of your account for trading. It is evident that brokers who are licensed follow the the best practices and are controlled by the authority that regulates them in terms of managing money.

Deposit Options

Orbex offers one of the fastest processing speeds by using a variety of payment methods , which includes

Neteller,

Credit/Debit cards,

Skrill,

WebMoney,

Fasapay

Wire Transfer

What is the minimum deposit required for an Orbex account?

The minimum deposit for an Orbex account is 500$. This permits participation in trading through the Standard account. The account features CySEC regulation and entity as well. However, this depends on the type of account you intend to trade on, and also depending on the terms of the entity because there are various conditions for deposit. International traders can open an account using a the lower minimum deposit of 200dollars.

Orbex Minimum deposit in comparison to other brokers

Withdrawals

Orbex doesn't charge any transaction fee, either for withdrawals or depositswhere all manipulations to your account can be completed via your account management area as well as withdrawal options include Bank wire and Credit Cards.

How can I withdraw money from Orbex?

Withdrawals are made using the submission of a form to your trading account, and because there are no charges for withdrawals from Orbex Make sure to check that you have your payment provider's permission that there are no fees that they charge you internally.

Trading Platforms

The MT4 is a well-known and is the most widely used software available in the market due to its sophisticated charting feature as well as multilingual support security, reliability and security in addition to the support for diverse trading styles. This is the reason why Orbex relies heavily on this type of technology and software.

Web Platform

A user-friendly and award-winning Orbex Platform is built upon the MT4 program and comes with Multi-Terminal, Desktop Mobile Web, and iOS version. Web Platform will be an ideal option for traders of a regular size because it is simple to access on any device, but isn't equipped with tools for research, as well as customization options and a variety of drawing tools.

Desktop Platform

If you want to stick to professional trading, then of course you should consider a desktop-based platform. This is where you can find everything that MT4 is renowned and well known for: great charts, a variety of order types advanced tools for analysis and robots that are able to automate trading.

Additionally, Orbex Strategies as an algorithmic trading platform that provides an array of highly efficient robots and does not require programming knowledge to create EAs. In addition you could submit your application for free VPS service that gives you hosting advantages to run EA 24/5 with higher speed of execution.

Mobile platform

Mobile app that works with Android as well as iOS devices that are included in the bundle as well. You can be informed about market conditions, control your accounts and position on your mobile.

Types of Order

Furthermore, Orbex went even more and included Platform add-ons, which provide convenient trading opportunities via Trading Central and Orbex Trade Lab which is a sharing system that lets you follow trading concepts or postings within the community of users on Orbex. The platform is accessible to Demo or Live Account holders, and incorporates copying capabilities into trading on the internet.

The last but certainly not least, is the FXStat TradeBook platform. It is an social trading feature which provides trading signals as well as an automatic replica of trades from thousands of experienced traders that is integrated directly into the Orbex platform.

Customer Support

Of course, Orbex team strives to assist their clients in their achievement as traders and provides 24/7 support for customers during the working hours. Orbex support is available via email or live chat as well as international phone lines , and are always available to help in different languages via its service centers.

Education

Latest news about forex, paired with in-depth analyses and reviews as well as education for all levels of traders are essential to success, that's what's happening. At Orbex you have it all and also benefit from top-quality fundamental and technical analysis with our own created Orbex Web TV that covers the latest news and updates as well as topics.

Analysis support and data that allows traders to be focused on their goals available for free as part of research tools. Also, Economic Calendars, Calculators and Weekly reports are included.

Conclusion

This Orbex Review concludes a trustworthy company that is able to hold its own within those in the EU as well as MENA regions. online trading options as well as international coverage. One of the benefits is the variety of accounts available with a wide range of features and a variety of free tools that allow the best trading experience. Additionally, there's an option to choose between floating or flexible spreads OTC and ECN connection and the various strategies available. The beginners are able to benefit from the free tools to learn and the experts can be supported by tailored services.