Unique Selling Points
Range of Account Types: Orbex offers a variety of account types to cater to the needs of different types of traders, including beginners and experienced traders. The account types include Standard, Premium, and Ultimate, with varying minimum deposit requirements and features. For instance, the Standard Account has a minimum deposit of $200 and offers floating spreads, while the Ultimate Account has a minimum deposit of $500,000 and offers personalized support and trading conditions. This wide range of account types makes it easy for traders to choose the account that suits their investment preferences.
Diverse Asset Selection: Orbex provides traders with a broad range of tradable assets, including over 60 currency pairs, precious metals, energies, commodities, indices, and cryptocurrencies. This diverse asset selection allows traders to access a wide range of investment opportunities and diversify their portfolios. For instance, traders can trade popular forex pairs like EUR/USD and GBP/USD or invest in emerging markets through indices like China50 and Brazil60.
Competitive Trading Conditions: Orbex offers competitive trading conditions to its clients, including tight spreads starting from 0.8 pips for major forex pairs, low trading costs, and high leverage of up to 1:500. These trading conditions are designed to provide traders with a cost-effective and flexible trading environment. Orbex offers a transparent and fair trading experience, with no requotes or price manipulation.
Advanced Trading Technology: Orbex provides traders with advanced trading technology through its partnership with MetaQuotes, the developer of the popular trading platforms MT4 and MT5. The platforms come equipped with advanced charting tools, technical analysis indicators, and Expert Advisors (EAs) for automated trading. Additionally, traders can access the WebTrader platform, which allows them to trade directly from their web browsers without the need to download any software.
Introduction
Orbex is a multi-regulated online brokerage firm that has been in operation since 2010. The company offers a variety of trading instruments and account types designed to cater to traders of all experience levels. As an industry-leading broker, Orbex has earned a reputation for offering competitive trading conditions, state-of-the-art trading platforms, and excellent customer service.
With its robust regulatory framework, commitment to education and research, and advanced trading platforms, Orbex is an excellent choice for traders of all experience levels looking for a reliable and transparent broker. In this Orbex broker review, you will learn about the key features and benefits of trading with Orbex.
Supported Countries
Orbex is a global brokerage firm that offers its services to traders in over 50 countries worldwide. Orbex has steadily grown into a popular online trading platform with a strong presence in Europe, Asia, Africa, and the Middle East. Some countries where Orbex is available include the United Kingdom, France, Germany, Italy, Spain, Australia, and South Africa.
However, Orbex doesn’t offer its services to the following countries due to regulatory restrictions or other legal issues, the United States, Cuba, Canada, Iran, Syria, Sudan, North Korea, and Japan. Clients residing in these countries are not able to open accounts or use the services provided by Orbex.
In addition to its global reach, Orbex supports multiple languages, the broker's website and trading platforms are available in English, Arabic, Spanish, German, French, Italian, Chinese, Japanese, and Russian, among other languages.
Customer Service Rating
Orbex received a 3.7/5 star rating based on 67 customer reviews on Trustpilot. Several customers have praised their excellent customer service and user-friendly interface and some negative reviews highlight issues with slow response times and lack of transparency.
However, Orbex has taken steps to address these concerns by hiring more customer service representatives and implementing new communication channels such as live chat and WhatsApp support.
They have also increased their educational resources for users and offered free webinars to help customers navigate the platform more effectively. Orbex's dedication to improving its customer service shows that they are committed to providing a better trading experience for its users.
Orbex Trading Platforms
Orbex offers its clients a range of advanced trading platforms designed to meet the needs of both beginner and experienced traders. Here's a breakdown of the different trading platforms available with Orbex:
MetaTrader 4 (MT4): MT4 is one of the most popular trading platforms in the industry, and for a good reason. This platform is user-friendly, highly customizable, and offers a wide range of tools and features that can help traders easily execute their strategies. With MT4, traders can access real-time charts, multiple timeframes, technical indicators, and more.
MetaTrader 5 (MT5): MT5 is the upgraded version of MT4 and offers even more advanced features and functionality. This platform has a modern interface, a built-in economic calendar, and an expanded set of technical indicators. MT5 also supports multiple order types and execution modes, making it a versatile platform for traders of all levels.
WebTrader: Orbex's WebTrader is a web-based platform that allows traders to access their accounts from anywhere with an internet connection. This user-friendly, fast, and responsive platform makes it an excellent choice for traders who prefer browser-based trading.
Mobile App: Besides its desktop platforms, Orbex offers a mobile app for iOS and Android. The app is easy to use, offers real-time market data, and allows traders to manage their accounts and execute trades.
Type of Trading Accounts on Orbex
Orbex offers a range of trading accounts designed to cater to the needs of traders of different levels of experience and trading styles. Let's take a closer look at each of these account types:
Demo Account: This account type is ideal for novice traders just starting with trading or experienced traders who want to test their strategies in a risk-free environment. With Orbex's demo account, traders can practice trading with virtual funds, allowing them to test different strategies and get familiar with the trading platform before trading with real money.
Basic/Starter Account: This account type is designed for traders who are just starting with trading or for those who prefer to trade with smaller amounts. With a minimum deposit of $200, traders can access all the trading instruments and tools available on Orbex's trading platform.
Premium Account: The premium account is designed for traders who have some experience with trading and are looking to take their trading to the next level. With a minimum deposit of $5,000, traders can enjoy additional features such as a personal account manager, priority access to customer support, and lower spreads.
VIP Account: The VIP account is designed for professional traders who require a more personalized trading experience. With a minimum deposit of $25,000, traders can enjoy features such as custom trading conditions, a dedicated account manager, and other exclusive benefits.
Institutional Account: This account type is designed for clients requiring access to institutional-grade trading conditions and liquidity. Orbex offers a range of customizable solutions to meet the specific needs of institutional clients.
Trading Denominations on Orbex
Orbex allows traders to trade in USD, EUR, GBP, AUD, and JPY. This will enable traders to choose their preferred currency and avoid unnecessary currency conversion fees.
Company Structure
Orbex is a global investment firm that provides clients with comprehensive trading solutions. The company was founded in 2010 and is headquartered in Cyprus. Orbex is a well-regulated broker with licenses from multiple regulatory bodies, including the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA). The company is committed to providing clients with a safe and secure trading environment, and this is reflected in the positive Orbex reviews online.
Orbex offers a range of trading accounts to cater to the diverse needs of traders. These accounts have different features and benefits, such as access to different trading platforms, educational resources, and premium support. Orbex's company structure is designed to provide clients with a seamless trading experience.
The company has a user-friendly website that provides clients access to a range of trading resources, including educational materials, market analysis, and various trading tools. Orbex also provides clients with access to a range of trading platforms, including the popular MetaTrader 4 and MetaTrader 5 platforms. These highly customizable platforms provide traders with advanced charting tools, a range of technical indicators, and automated trading capabilities.
Overall, Orbex is a broker committed to providing clients with a comprehensive trading experience, which is reflected in the positive Orbex broker reviews online.
Orbex Licenses and Regulatory Compliance
Orbex is a licensed and regulated forex broker that adheres to the highest industry standards. The company is authorized and regulated by the following bodies:
Cyprus Securities and Exchange Commission (CySEC) under license number 124/10 since 2010, which enables it to provide its services across the European Union.
Financial Conduct Authority (FCA) in the United Kingdom under registration number 553071 and
Securities Commission of The Bahamas under registration number SIA-F217.
By being fully licensed and compliant with regulatory bodies, Orbex provides its clients with high protection and trustworthiness.
Orbex Customer Protection
Orbex utilizes advanced security protocols, such as SSL encryption, to ensure the safety of clients' personal and financial information. The broker also offers negative balance protection, which ensures that clients will not lose more than their account balance in the event of market volatility.
Trading Information
Orbex provides traders with comprehensive trading information through its website. The broker boasts robust trading instruments and various deposit and withdrawal options.
Tradable Instruments
Over 50 currency pairs
Precious metals such as gold and silver
Energy products like oil and gas
Global indices, including S&P 500 and NASDAQ
50+ Cryptocurrencies
Orbex Leverage
Orbex offers flexible leverage options to its clients, allowing them to control their risk levels based on their trading strategies and experience. The broker's maximum leverage is up to 1:500, which can benefit experienced traders looking to take advantage of small market movements. However, it is essential to note that higher leverage also increases the risk of significant losses. Traders should carefully consider their positions and margin requirements before trading with high leverage.
Deposits and Withdrawals on Orbex
Deposits
Payment Method | Deposit Time | Fees | Minimum Deposit | Maximum Deposit |
Bank Wire Transfer | 1-5 business days | None | $500 | Unlimited |
Credit/Debit Card | Instant | None | $200 | $10,000 |
Skrill | Instant | None | $200 | $10,000 |
Neteller | Instant | None | $200 | $10,000 |
Withdrawals
Payment Method | Withdrawal Time | Fees | Minimum Withdrawal | Maximum Withdrawal |
Bank Wire Transfer | 3-5 business days | None | $100 | Unlimited |
Credit/Debit Card | 1-3 business days | None | $10 | $10,000 |
Skrill | 1-2 business days | None | $10 | $10,000 |
Neteller | 1-2 business days | None | $10 | $10,000 |
FasaPay | 1-2 business days | None | $5 | $5,000 |
Orbex Trading Education and Training
Orbex provides a range of educational resources and training programs to help its clients improve their trading skills and knowledge. Traders can access various resources such as webinars, seminars, eBooks, and video tutorials on various trading topics such as technical analysis, fundamental analysis, risk management, and trading psychology. Orbex also offers a range of trading tools, such as trading calculators, economic calendars, and market analysis reports to help traders stay informed about the latest market developments.
The educational resources and training programs offered by Orbex are designed to cater to traders of all levels, from beginner to advanced.
The broker also provides a demo account that enables traders to practice their trading strategies in a risk-free environment. Orbex has a team of experienced analysts who provide daily market analysis, trading signals, and technical commentary to help traders make informed trading decisions.
FAQs
Is Orbex a scam?
Orbex is a legitimate and regulated forex broker. It holds licenses from various regulatory bodies, including CySEC and the FSC. Furthermore, the broker has been in operation since 2010 and has a good reputation in the industry, as evidenced by positive customer reviews and ratings.
How to Open Orbex Forex Trading Account?
To open an Orbex forex trading account, visit the broker's website, www.orbex.com, and click the 'Open Account' button.
Does Orbex accept U.S. and Canadian clients?
Orbex does not accept U.S. and Canadian clients due to the regulatory restrictions imposed by the United States government and Canadian governments on Forex trading. The regulations are in place to protect the citizens from scams and fraudulent activities in the Forex market. As a result, many Forex brokers, including Orbex, choose not to accept U.S. and Canadian clients to comply with these regulations.
Conclusion
Orbex is a well-regulated and reputable broker that offers a variety of trading accounts, trading platforms, and tradable instruments to meet the diverse needs of traders. With licenses from top financial regulators and compliance with regulatory requirements, traders can be assured of their safety and protection when trading with Orbex. The broker's customer service ratings on Topbroker.com and Trustpilot are evidence of its commitment to providing excellent customer service.
Orbex provides traders with a wealth of educational resources, including webinars, seminars, and eBooks, to help them develop their trading skills and strategies. The broker also offers leverage of up to 1:500, increasing traders' trading power and potential profits.
Overall, Orbex is a great choice for traders looking for a reliable and trustworthy broker that offers competitive trading conditions, excellent customer service, and a wide range of educational resources.
