Orbex does offer a Demo Account option for traders. Orbex Demo Account mimics a live trading account and offers many features for traders. Traders have access to the same functions, features, and options that they normally would on a live trading account.
Orbex at a glance
| Broker's Name | Orbex |
| 📍 Headquartered | Orbex Holding LTD is based in Cyprus and Orbex Global LTD in Mauritius |
| 📅 Year Founded | 2011 |
| ⚖️ Regulating Authorities | CySEC, FSC |
| 🌐 Countries not accepted for trade | United States |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1:500 |
| 💰 Minimum Deposit | $200 |
| 💳 Deposit Options | Credit and debit cards, bank wires, Skrill, Neteller, WebMoney, Fasapay, K-Net and Klarna |
| 💳 Withdrawal Options | Credit and debit cards, bank wires, Skrill, Neteller, WebMoney, Fasapay, K-Net and Klarna |
| 💻 Platform Types | MetaTrader 4 |
| 📱 OS Compatibility | Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad |
| 📈 Tradable assets offered | Forex, Energies, Precious Metals, Cash Indices |
| 👨💼 Languages supported on Website | English, Spanish, Bengali, German, Polish, Italian, Arabic, Japanese, Vietnamese, Russian and more |
| 👥 Customer Support Languages | English, Spanish, Arabic, German, Japanese, Chinese, Russian, Greek, Polish, Other |
| 📆 Customer Service Hours | 24/5 |
Min Deposit USD 200 Regulators CySEC, FSC Trading Platform MT4 Crypto No Total Pairs 50+ Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Choose your quick section of our Orbex Demo Account below.
Orbex Demo Account – 4 key points quick overview:
- ✔️How to set up a Demo Account – Step by Step
- ✔️Demo Account Features
- ✔️Orbex Pros and Cons
- Frequently Asked Questions
Here is an overview of the Orbex Demo Account as well as the features that are offered.
How to set up a Demo Account – Step by Step
To register for, and set up a demo account with Orbex, traders must visit the website and follow the simple steps.
Step 1 – Visit the official Orbex website
Visit the Orbex website to start the process of opening a demo account.
Step 2 – Click on the “try free demo” option
You can open a demo account (also called a practice account) from start to finish on the Orbex website and choose to open a demo account first. Brokers usually require an e-mail and password to complete the initial step and if more than one currency can be used, traders must select their preferred account currency.
Step 3 – Fill out the form
Fill out the form by adding the required details.
Orbex accounts can be opened in USD.
An account verification process is usually mandatory due to regulatory requirements, so keep a copy of your ID and a proof of residency document ready for the last step.
Follow these steps to open an account:
- Ensure that you have your email address and ID ready.
- Select the country of residence and your currency, if applicable.
- Choose that you want to try a demo account.
- Provide basic personal information requested.
- Proceed through the KYC process if needed and get approved.
A demo account is also referred to as a practice account because it provides traders with the ability and freedom to explore a broker’s offering without running the risk of losing money, due to the provision of virtual money with which to ‘trade’.
Beginner traders can use a demo account to get acquainted with the live trading environment, where they can actively participate in trades and develop their own strategies.
Demo accounts are not intended for beginners only but provide more advanced traders an opportunity to explore what Orbex has to offer.
Demo Account Features
Orbex’s demo account imitates the conditions of a live trading account and gives traders access to the same functions, features, and options they would have on a live trading account, with the exception that the demo account is risk-free since they make use of virtual funds to conduct their trading. Due to this, traders cannot withdraw any profits which are made on the demo account.
The demo account is a “free” Forex trading account, allowing you to develop a solid FX trading strategy in a risk-free environment that protects you from the common pitfalls of beginner traders.
With Orbex, you have a 30-day trial with unlimited access to market research and analysis, free trading signals provided by Trading Central, 6 trading platforms, and real-time charts and quotes to help you learn the ins and outs of trading.
Min Deposit USD 200 Regulators CySEC, FSC Trading Platform MT4 Crypto No Total Pairs 50+ Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Orbex Pros and Cons
| ✔️ Pros | ❌ Cons |
| Access to Strategizer | Demo account only to be used for 30 days |
| Access to Trading Central | Offshore broker |
| Demo and Islamic accounts available | Only MT4 platform |
| Good educational offerings | |
| Several account options |
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Frequently Asked Questions
What is the difference between a demo and live trading account?
A demo account as is offered by broker companies like Orbex is usually funded with virtual money and gives a prospective customer the opportunity to experiment with the company’s trading platforms and its features, before setting up a real account which needs to be funded with the customers own real money.
Does Orbex offer a demo account?
Yes, the broker does offer a demo account
How long is the demo account valid?
A trader has a 30-day trial with unlimited access to market research and analysis.
Which live trading accounts does Orbex offer?
- Starter Account
- Fixed Spread Account
- Premium Account
- Ultimate Account
- Swap-free or Islamic account
Does Orbex offer an Islamic Account?
Yes, as an option on the general account types.
What are the available deposit currencies for a live trading account?
USD.
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