Overall, Orbex can be summarised as a credible and trustworthy broker and is considered average-risk with competitive trading fees and spreads. Orbex offers traders the MetaTrader 4 platform to trade on.
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
Orbex Review – 18 key points quick overview:
- ✔️Orbex Overview
- ✔️Orbex Safe or Scam?
- ✔️Orbex Pros and Cons
- Orbex Leverage
- Orbex Accounts
- Orbex Market Instruments
- Orbex Fees
- Orbex Deposit and Withdrawal
- Orbex Trading Platforms
- How to open an Orbex account
- Orbex Customer Support
- Orbex Education
- Orbex Current Popularity Trend
- Orbex Research
- Orbex vs Etoro vs XM – Comparison Table
- Orbex Awards
- Conclusion
- Frequently Asked Questions
Orbex Overview
According to research in South Africa, Orbex, is a Cyprus company with a history of operation dating back from 2011, technological background and a range of trading services for multi-asset trading, education with constant. Orbex works diligently to provide its traders with access to the world’s largest and most liquid financial markets
Orbex also serves a representative office in the MENA regions in Kuwait and Jordan, making its offers go beyond expectations with an expansion to trading services.
Orbex specializes in forex, indices, commodities, metals and stock CFDs, as well as highly competitive trading conditions and access to tier-1 bank liquidity. Traders of different strategy will find their way with ease, as Orbex offers both fixed and variable spreads from 0.8 pips.
Orbex strives to support their customers in their success as a trader, providing around-the-clock service, analysis support and information allowing a trader to focus on their goals. Orbex provides excellent market trading conditions on major currencies and 50 pairs of instruments.
You will have access to a diverse range of products including Foreign Exchange, Precious Metals, Future Contracts (OTC), Equity Indices (OTC), CFD’s and Energy Contracts.
Orbex Safe or Scam?
Orbex is a fully licensed and regulated Cyprus Investment Firm supervised by the CySEC and is also authorized to trade internationally across Europe and beyond.
Not only is Orbex a trusted and award-winning broker, but it is also fully licensed by the Mauritius Financial Services Commission (FSC). Adhering to the strictest international regulations, Orbex has worked hard to consolidate its reputation as a trusted broker in the industry.
Orbex is a trusted and award-winning broker, but it is also fully licensed by the Mauritius Financial Services Commission (FSC). Adhering to the strictest international regulations, Orbex has worked hard to consolidate its reputation as a trusted broker in the industry.
This regulation is a transposition of MiFID European Law which operates under ESMA that contributes to safeguarding the stability of the European Union’s financial system and enhances the protection of investors and financial market stability. However, Orbex Global headquarters are in Mauritius, which is not a reputable financial jurisdiction, but an offshore zone.
Orbex is a trusted and award-winning broker, fully licensed by the Mauritius Financial Services Commission (FSC). Adhering to the strictest international regulations, Orbex has worked hard to consolidate its reputation as a trusted broker in the industry. This means offering their traders a secure trading experience, which includes but is not limited to, clients’ funds segregation and the strict protection of data and personal information.
In case the broker is located only in an offshore area, it is not recommended trading with them, as a lack of regulations involving risk to be scammed. Nevertheless, due to the European license of Orbex it is considered a safe trading environment.
Therefore, Orbex is a reliable provider of online trading that applies all EU regulations and laws in an officially regulated environment. All client’s funds are held in segregated accounts while separated from the company’s funds.
Orbex is also a member of the Investment Compensation Funds, which secures any claims covered clients against members of the Fund with up to 20.000 EUR. Orbex Global Limited is authorized and regulated by Mauritius Financial Services Commission “FSC” (View License), as Full-Service Dealer, excluding Underwriting, pursuant to Section 29 of the Securities Act.
Orbex is registered and regulated as a Financial Investment Firm by the Cyprus Securities and Exchange Commission (CySec) (License Number124/10 – View Certificate), and the European Union Markets in Financial Instruments Directive (MiFID).
Orbex offers their traders a secure trading experience, which includes but is not limited to, clients’ funds segregation and the strict protection of data and personal information. When you combine this with the company’s philosophy that encourages informed and responsible trading, and its status as an established source of valuable information.
Orbex Pros and Cons
| ✔️ Pros | ❌ Cons |
| Best-in-class customer service, including live chat | High leverage which in turn can increase risks |
| Accounts can be opened fast and easy online | There are certain limitations on other trading strategies, which may end up your account getting blocked. |
| One-hour response time for sales and support requests | The trading costs of its ECN account is slightly higher than normal. |
| Superior quality of execution (speed and reliability) | Trades in an offshore zone could be risky. |
| Islamic (Swap Free) accounts | |
| Deep liquidity from Tier-1 banks | |
| Fast Deposits & Withdrawals Online | |
| 24/5 Multilingual Customer Service |
Orbex Leverage
Leverage levels are defined by the regulatory restrictions in each jurisdiction. Thus, trading with European Orbex entity you will automatically fall under ESMA regulations, which allows lower levels of leverage up to 1:30 for major currencies and 1:10 for commodities.
However, in case you trade with Orbex Global, there is an option to access high leverage levels up to 1:500 for Forex instruments. Make sure to learn how to use leverage smartly, as this tool may work in reverse too and increase big risks dramatically.
Orbex offers professional accounts with special benefits and exceptional partnership opportunities with open trading benefits. Investment opportunities with account opening from as little as $200 is an added benefit.
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 Accounts
Orbex offers a Fixed, Starter, Premium or Ultimate account.
Starter Account
➡️️ Minimum Investment: $200
➡️️ Spread: variable spread
➡️️ Commissions: No commission
➡️️ Leverage: Up to 1:500
➡️️ Webinars: Monthly webinar
Premium Account
➡️️ Minimum Investment: $5 500
➡️️ Spread: Starts from 0 pip
➡️️ Commissions: $8
➡️️ Leverage: Up to 1:500
➡️️ Webinars: Exclusive Webinar + Live trading
Ultimate Account
➡️️ Minimum Investment: $25 000
➡️️ Spread: Starts from 0 pip
➡️️ Commissions: $5
➡️️ Leverage: Up to 1:500
➡️️ Webinars: Exclusive Webinar + Live trading
Orbex also offers swap-free forex trading accounts, known as Islamic Forex accounts or Shariah forex accounts.
These accounts comply with Islamic religious beliefs and are offered exclusively to Muslim clients. Islamic accounts give their owners an opportunity to hold their positions for an unlimited amount of time
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 Market Instruments
Forex
Forex Market is the global market for the trading of currencies through the relative values of the pairs. There are global financial centres that function as anchors of trading between buyers and sellers around the clock.
The Forex market works through various financial institutions. Most foreign exchange dealers are banks with a few insurance companies involved.
Precious Metals
Spot metals trade on a 24-hour time frame. It represents unpredictable markets such as gold, that offer many trading opportunities in rising and falling markets.
They are tradable commodities where investors take short or long positions of the metals’ prices. Trading gold and other spot metals creates great opportunities for hedging in every liquid market.
Energies
This sector offers the trading of energy products, specifically crude oil and natural gas. Energies are innately unpredictable markets because of the direct impact world events can have on supply.
The company also offers trading tools such as an economic calendar, trading tips and calculators.
Orbex Fees
Orbex offers four trading accounts to suit each trader’s needs and style while there is a choice between a variable or fixed spread with no commission charges. Furthermore, Orbex offers a specific account for copy trading through automated copy-trading system FXStat Tradebook which is a social trading, allowing simple investment just by following of professional strategy with Commission of only 10 dollars.
There is also a possibility of Islamic traders to join Orbex team through the SWAP-free account feature upon the request allowing to trade with no rollover fees. Orbex spreads are defined by the account type you use, while fixed spread in Classic account is slightly higher and starting from 1.9 pips yet offers stability under any conditions.
The Standard Account spreads are starting from 1.5 pips and operated through floating or variable spread nature allowing you to perform scalping or another strategy. Another higher-grade account offering even lower spreads from 1.2 or even from 0.8 pips respectively.
Orbex Deposit and Withdrawal
Orbex offers one of the fastest transaction processing through the variety of payment methods including Neteller, Credit / Debit cards, WebMoney, Skrill, fasapay and Wire Transfer. As for the minimum deposit amount, it does depend on the account type you are planning to trade with, since there are different deposit requirements. Yet, the minimum of $500 allows you to participate to trading with a Standard account feature.
Orbex does not charge any transaction fees either for deposits or withdrawals. The withdrawals are processed through submitting a trading account form. There are no typical fees for transfers from Orbex, but make sure with your payment provider in case there are any internal fees charged on you.
Orbex Trading Platforms
Orbex’s user-friendly platform is built on MT4 software and provides Desktop, Multi-Terminal, Mobile, Web and iOS versions.
The MT4 is very well known and the 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, including MT4 Client Desktop, MT4 Android and MT4 iPhone.
Orbex added to the Platform add-ins that bring convenient trading opportunities through Trading Central and Orbex Trade Lab which is a sharing system that allows following trading ideas or posts among the joined community in Orbex. The platform is available for Demo and Live account holders and combines copying capabilities within online trading.
How to open an Orbex account
The Orbex review process is fully digital and easy. The account opening process with Orbex is simple and can be done online. A trader can practice first by opening a demo account or open a live account to start trading within minutes.
Step 1 – Open the Orbex Website
Open the official Orbex Website.
Step 2 – Click on the “Register” button
Click on the “Register” button on the top right of the menu.
Step 3 – Fill out the registration form
Fill in all your personal details in the spaces provided.
Step 4 – Click on the verification link
Click on the link sent to you via email fr0m Orbex.
Step 5 – Your account has been created
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 Customer Support
With over 20 native support languages to assist you, an automated chat bot system to streamline response times, a robust FAQ center and a highly trained team of support specialists available 24/5, no matter your trading query, Orbex sets an industry example for stellar customer service and support offering support at its various offices via telephone and fax numbers, live chat, call back requests and FAQ’s.
Orbex Education
Orbex focuses on offering traders of all levels the educational tools necessary to accompany every stage of their trading journey. From daily fundamental and technical analysis, to webinars, e-books, podcasts, videos and weekly reports, Orbex provides excellent educational material to suit every trader’s needs. A leading provider in Elliott Wave research.
Orbex analysis is frequently featured across global financial outlets, including Bloomberg, Refinitiv Eikon, and CNBC. Orbex has a collection of forex tutorials, educational videos, eBooks trading strategies and tips to assist traders in how to map out market outcomes, construct and evaluate trades.
Seamless Execution & Access to Tier-1 banks, powered by reliable global liquidity providers, ensures an unmatched trading experience. Orbex provides the most comprehensive market research and recent forex news, combined with deep analytical articles and geopolitical reviews. It also boasts Forex certified courses.
Orbex Current Popularity Trend
As According to Google Trends, here is an overview of how frequently the search term – “Orbex” is entered into Google’s search engine over a given period of time.
Orbex Research
Orbex aims to bring you the best in market research and information that will assist you along with your trading and keep you up to date with the latest news.
Orbex focuses on offering traders of all levels the educational tools necessary to accompany every stage of their trading journey. From daily fundamental and technical analysis, to webinars, e-books, podcasts, videos and weekly reports, Orbex provides excellent educational material to suit every trader’s needs. A leading provider in Elliott Wave research, Orbex analysis is frequently featured across global financial outlets, including Bloomberg, Refinitiv Eikon, and CNBC.
Traders can tune in to Orbex Web TV, for all market news, analyses and fundamental and technical reports and updates. Watch broadcasts hosted by its analysts covering forex, commodities, and indices in addition to exclusive CFD and forex trading opportunities, identified by the Orbex research team.
Orbex vs Etoro vs XM – Comparison Table
| 🔎 Broker | 🥇Orbex | 🥈 eToro | 🥉 XM |
| 💰 Minimum Deposit | $200 | $1000 USD | $5 USD |
| 📝 Sign-Up Bonus | No | ☑️ Yes | ☑️ Yes |
| ➕ Max. Leverage | 1:500 | 1:400 | 1:888 |
| 💵 Currency Pairs | 50+ | 47 | 57 |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
Orbex Awards
Orbex was crowned as the Best Forex Broker in 2019. The win has come as part of Global Business Outlook’s annual award program, recognizing the best in the business on a global scale. The award was celebrated at a particularly exciting time for Orbex, having just celebrated its 9th anniversary as a regulated financial services provider.
Orbex was awarded the Best Trading Education Provider Award Winners in 2018. Crowned by the financial magazine, The European, this honour marks the second educational award Orbex has received in the last two years.
Conclusion
Overall, Orbex is a reliable company with a strong position among the EU and MENA region’s online trading offerings.
The regulation of the company brings a quiet state of mind and security to the traders, while the range of account types, very comprehensive platform features and numerous free tools allows a better trading environment.
In addition, there is a choice between the flexible or floating spreads, OTC or ECN connection, as well as the strategies to choose from. The beginning traders can benefit from free educational tools, while the professionals are supported by dedicated tailored services.
Overall, the Orbex Broker brings a quality offering to the market, its customers and affiliates. This enhances Orbex’s mission of superior customer service where it aims to establish itself as a global brand by ensuring that the profitability, success and happiness of its customers are core to its business.
You might also like: Orbex Account Types Overview
You might also like: Orbex Demo Account – Step by Step
You might also like: Orbex Fees and Spreads
You might also like: Orbex Islamic Account Overview
You might also like: Orbex Minimum Deposit
Frequently Asked Questions
Trading environment
How many instruments can I trade with Orbex?
You can trade several different instruments with Orbex, which include the following:
- Forex
- Energies
- Precious Metals
- Cash Indices
Which platforms are supported by Orbex?
Orbex provides the popular trading platform MetaTrader 4.
Does Orbex offer leverage?
Yes, Orbex offers a maximum leverage of up to 1: 500.
What spreads can I expect with Orbex?
Orbex offers spreads from 0 pips.
More information should first be obtained from the customer support service to make an informed choice.
Does Orbex charge commission?
Some accounts offer commission-free trading and some offer commission-based trading. More information on commissions should become available after opening an account or can be obtained from the customer support service.
Are there additional charges on the Islamic account?
Orbex does offer an Islamic Account. Some brokers charge extra fees on Islamic accounts – are either in wider spreads, additional commissions, or administration fees to make up for money that they lose with not charging overnight fees.
Is Orbex regulated and by whom?
Orbex is regulated by CySEC and the FSC.
Is Orbex a recommended forex trading broker for experts and beginners?
Orbex offers a fair-trading environment for most types of traders. Its asset selection however may be more suitable for less-advanced traders.
What is the overall rating out of 10 for Orbex?
6/10.
Accounts
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, a demo account is one of the account types offered by Orbex
How long is the demo account valid?
With the Orbex demo account, 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 deposit currencies for a live trading account with Orbex?
USD.
Deposits and withdrawals
What is the minimum deposit required to open an account with Orbex?
$ 200.
How do you make a deposit and withdraw money with Orbex?
Orbex offers the following deposit and withdrawal methods:
- Credit and debit cards
- Bank wires
- Skrill
- Neteller
- WebMoney
- Fasapay
- K-Net
- Klarna
The same method that was used to fund an account must normally be used to withdraw money. Also, monies will usually only be refunded to accounts in the same name as the trading account.
Does Orbex charge withdrawal fees?
No.
How long does it take to make a withdrawal?
Withdrawals usually takes up to 24 hours except for credit or debit cards and wire transfers which may take 3 to 5 business days.
DISCLAIMER
Orbex warns that foreign exchange trading and investment in derivatives (e.g. CFDs) can be highly speculative and may result in losses as well as profits. Foreign exchange and derivatives trading are not suitable for many members of the public and only risk capital should be applied.
Orbex’s website does not take into account the special investment goals, financial situation or specific requirements of individual users. You should carefully consider your financial situation and consult your financial advisors as to the suitability to your situation prior to making any investment or entering any transactions.
Orbex is 100% secured for online trading and transactions, all data is backed up and protected in a highly secure encrypted technological environment. Traders should read all available information regarding significant risks, According to research in South Africa.
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