Orbex
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Popularity | |
Leverage | 1:500 |
Minimum Deposit | $200 |
Regulation | ASIC, CySEC |
Payment Methods | Credit/Debit Card, Bank Wire, Skrill, Neteller |
Trading Assets | Forex, Commodities, Indices, Stocks |
MT4 | ✅ |
MT5 | ❌ |
Spreads | Low |
Average cost: EUR/USD | 1.8 pips |
Demo Account | ✅ |
Islamic Account | ✅ |
MAM | ✅ |
PAMM | ❌ |
CopyTrading | ✅ |
ZuluTrade | ❌ |
Scalping | Yes |
Signals | ✅ |
EAs/Robots | Available |
Negative Balance Protection | Yes |
Deposit Fee | ❌ |
Withdrawal Fee | ❌ |
Inactivity Fee | $5 after 12 months of inactivity |
Year Established | 2010 |
Address | 12th Floor, City Centre Building, 2nd District, Plot 250, Maadi, Cairo, Egypt |
Contact Information | Email: [email protected], Phone: +357 25588855 |
Mobile Trading APP | |
Rating | ★★★★☆ 4,7 |
Website |
Pros and Cons
- Competitive spreads
- Wide range of trading instruments
- Strong regulatory framework
- Comprehensive educational resources
- User-friendly trading platforms
- Limited MT5 support
- No US clients accepted
- Minimum deposit could be lower
- Withdrawal process can be slow
- Limited cryptocurrency options
Introduction
In the rapidly evolving world of online trading, choosing the right broker can be a daunting task.
With a myriad of options available, traders seek a platform that provides a robust trading environment and ensures reliability, transparency, and exceptional customer support.
Orbex, a fully licensed and regulated broker, emerges as a distinguished choice for traders worldwide.
This comprehensive review aims to explore the various facets of the broker, delving into its offerings, trading platforms, customer service, and overall trading experience.
Open a free accountOverview
Orbex is a global forex broker that has been providing online trading services since its inception in 2010.
It is known for its client-centric approach, offering a range of products and services tailored to meet the needs of both novice and experienced traders.
The broker stands out for its strong regulatory framework, being regulated by several top-tier authorities, including the Cyprus Securities and Exchange Commission (CySEC) and others.
Key Features:
- Regulation: Licensed and regulated by CySEC, among others.
- Trading Platforms: Access to MetaTrader 4 and dedicated mobile apps.
- Assets Available: A wide range of trading instruments, including Forex, commodities, indices, and stocks.
- Customer Support: 24/5 customer support available in multiple languages.
Trading Platforms and Tools
Orbex primarily offers the MetaTrader 4 (MT4) platform, renowned for its user-friendly interface, advanced charting tools, and automated trading capabilities.
Traders can access MT4 on desktop, web, and mobile, ensuring a seamless trading experience across devices.
Their dedication to technology is evident in its continuous efforts to integrate innovative tools and features that enhance trading efficiency and effectiveness.
MT4 Features:
- Customizable Charts: Traders can customize charts and use over 50 indicators and tools for in-depth market analysis.
- Expert Advisors (EAs): Allows automated trading using algorithms created by users or downloaded from the vast MT4 community.
- Security: High-level encryption protocols to ensure the security of trade transactions and personal data.
Trading Experience
The trading experience is designed to be seamless and efficient, catering to the needs of diverse traders.
The broker’s robust infrastructure ensures fast execution speeds, minimal slippage, and reliable connectivity, all of which are critical for optimal trading outcomes.
Platform Stability and Execution Speeds:
- Fast Execution: Orders are executed swiftly to ensure traders can capitalize on market movements.
- Stability: The MT4 platform offered by Orbex is stable and reliable, minimizing downtime and ensuring traders can operate 24/5 without interruptions.
Mobile Trading:
With the increasing demand for on-the-go trading solutions, Orbex’s mobile apps provide a comprehensive trading solution that mirrors the desktop experience.
Traders can manage their accounts, execute trades, and analyze markets directly from their smartphones or tablets.
Customization and Tools:
The broker allows for high levels of customization within the MT4 platform.
Traders can create a personalized trading environment by customizing charts, indicators, and even using automated trading scripts known as Expert Advisors (EAs).
Account Types and Conditions
Orbex caters to a diverse clientele by offering various account types, each designed to meet different trading strategies and investment sizes.
From Micro accounts for beginners to VIP accounts for seasoned traders, Orbex ensures that every trader finds the right fit.
Account Types Overview:
- Micro Account: Ideal for new traders, offering a low minimum deposit.
- Standard Account: Suitable for experienced traders looking for competitive spreads.
- Premium Account: Offers lower spreads for high-volume traders.
- VIP Account: Custom-tailored services and conditions for professional traders.
Each account type comes with different features such as leverage options, spreads, and minimum deposit requirements, allowing traders to choose based on their trading style and capital availability.
Open a demo accountUnique Offerings
Orbex sets itself apart with several unique offerings that enhance the trading experience.
These include:
- Free VPS Hosting: For traders who utilize automated trading strategies, Orbex offers free Virtual Private Server (VPS) hosting, allowing EAs to run 24/7 without requiring the trader’s computer to be on.
- Trading Central: It also provides access to Trading Central, a leading provider of market insights and analysis, which can be a valuable tool for making informed trading decisions.
- Personal Account Managers: High-tier account holders benefit from dedicated account managers, offering personalized support and assistance tailored to the trader’s needs.
Deposits and Withdrawals
Orbex aims to make the funding and withdrawal process as convenient as possible.
The broker supports a wide range of payment methods, including bank wire transfers, credit/debit cards, and popular e-wallets like Skrill and Neteller.
Importantly, the company maintains a transparent fee structure, with no hidden charges on deposits or withdrawals.
Payment Methods Overview:
- Bank Wire Transfer: Standard banking method for deposits and withdrawals.
- Credit/Debit Cards: Fast and convenient, suitable for smaller deposits.
- E-Wallets: Instant deposits and fast withdrawals with Skrill, Neteller, and more.
Regulatory Compliance and Safety
Orbex’s commitment to regulatory compliance and the safety of client funds is evident through its adherence to stringent regulatory standards and practices:
- Segregation of Funds: Clients’ funds are kept in segregated accounts, separate from the company’s operating funds.
- Regulatory Oversight: The company is regulated by CySEC, ensuring it adheres to the highest standards of financial transparency and integrity.
- Protection Measures: Participation in the Investor Compensation Fund (ICF) provides additional protection to clients’ investments.
Community and Social Trading
Orbex understands the value of community in trading.
The broker encourages social trading through platforms like Myfxbook and FxStat, allowing traders to share strategies, copy trades, and learn from each other.
This collaborative approach to trading can be particularly beneficial for beginners looking to gain insights from more experienced traders.
Social Trading Features:
- Copy Trading: Follow and copy the trades of successful traders.
- Performance Analytics: Access detailed analytics on trading strategies and performance to make informed decisions.
- Community Engagement: Engage with other traders, share insights, and discuss market trends.
Leverage and Spreads
Orbex provides competitive leverage options up to 1:500, enabling traders to amplify their trading positions.
The broker offers variable spreads, ensuring cost-effective trading across all account types.
Spreads start from as low as 0.0 pips for major currency pairs in the VIP account, making it an attractive option for scalpers and day traders.
Spreads and Leverage Table:
Account Type |
Minimum Deposit |
Leverage |
Spreads Starting From |
Micro |
$200 |
1:500 |
1.8 pips |
Standard |
$500 |
1:500 |
1.5 pips |
Premium |
$5,000 |
1:500 |
0.8 pips |
VIP |
Negotiable |
1:500 |
0.0 pips |
Customer Support and Education
The broker prides itself on its exceptional customer service, offering support in multiple languages through live chat, email, and telephone.
The broker’s commitment to trader education is evident through its extensive range of educational resources, including webinars, e-books, and video tutorials, catering to both beginners and experienced traders.
Educational Resources:
- Webinars: Regular live sessions covering various trading topics.
- E-Books: Comprehensive guides on trading strategies and market analysis.
- Video Tutorials: Step-by-step tutorials on using trading platforms and tools.
Security and Regulation
Security of funds and regulatory compliance are paramount.
The broker is regulated by CySEC and adheres to strict financial standards, including client fund segregation and participation in the Investor Compensation Fund (ICF), offering an added layer of protection to traders’ investments.
Conclusion
Orbex distinguishes itself as a broker that prioritizes its clients’ needs and trading success.
With its robust regulatory framework, diverse account options, advanced trading platforms, and comprehensive educational resources, it caters to traders of all levels and backgrounds.
The broker’s commitment to transparency, security, and customer support further solidifies its position as a trusted partner in the financial markets.
Whether you’re a novice trader taking your first steps in the forex market or an experienced professional seeking a reliable trading environment, Orbex offers the tools, resources, and support to help you navigate the world of online trading with confidence.
Visit the website: www.orbex.comUser Reviews
Video: Trading Technicals and Fundamentals
Frequently Asked Questions (FAQ)
What is the minimum deposit required to start trading?
The minimum deposit required to start trading is $200. This amount allows you to access all the trading platforms and instruments offered by Orbex.
Does Orbex offer a demo account?
Yes, it offers a demo account for traders who want to practice their trading strategies without risking real money. The demo account is free and comes with virtual funds.
Is Orbex regulated?
Yes, the company is regulated by several top-tier regulatory bodies including ASIC and CySEC, ensuring a high level of security and trustworthiness.
Can I trade cryptocurrencies?
Orbex offers limited cryptocurrency trading options. While their main focus is on Forex, commodities, indices, and stocks, they do provide some opportunities for trading popular cryptocurrencies.
How can I withdraw my funds?
You can withdraw your funds via the same methods used for deposits, including credit/debit cards, bank wire, Skrill, and Neteller. The withdrawal process is straightforward, though it can take a few days to complete.
Does the broker offer educational resources?
Yes, Orbex provides a wide range of educational resources, including webinars, e-books, tutorials, and articles designed to help traders at all levels improve their trading skills and knowledge.
Is mobile trading available?
Yes, Orbex offers mobile trading apps for both iOS and Android devices, allowing traders to manage their accounts and trade on the go.
Resources
Our experts
This article has been written, edited and reviewed by the following members of our team:
Last update: April 27, 2024