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Orbex – Broker Review and Trader Feedback 2021

4.5 / 5

Since its establishment in 2010, Orbex has been on an endless pursuit to meet the demands of every partner to the fullest potential, resulting in the achievement of 14 international awards and accolades in under a decade.

General Information

Orbex is a well-renowned and multi-body regulated Forex and CFD Broker whose ethos is centered around serving traders responsibly and ethically. Since 2010, the broker has maintained durable partnerships and consistently provided industry-leading service and top-tier access to the fast-moving global financial markets.

Orbex Holding Limited comprises of two entities:

  • Orbex Ltd, licensed and regulated by the Cyprus Securities and Exchange Commission (CySec), and member of the ICF, and,
  • Orbex Global Ltd, licensed and regulated by the Mauritius Financial Services Commission (FSC)

 

With a solid presence around the world, Orbex has won titles across multiple global categories, including “Best FX Arabic Platform” and “Fastest Growing Broker in China”. Orbex’s seasoned investment research team as well as its superior technological systems have also earned the broker the prestigious titles of “Best Education Provider”, “Best FX Technology Provider” and “Best Retail FX provider”.

The most recent achievements comprise of recognition by Global Banking & Finance Review Magazine who crowned Orbex “Best Forex Broker 2020 Europe” and “Best Forex Broker 2020 MENA”. This is the second consecutive year that Orbex has received an award in the “Best Forex Broker” category, taking home the title at the 2019 Global Business Outlook Awards.

Advantages and Disadvantages

Licensed broker: CySec (Cyprus), FSC (Mauritius) – Orbex is authorized and fully regulated Broker, the licenses can be seen on Orbex website

Spread as low as ZERO Pips – with Orbex you receive competitive fixed and variable spreads that suits your trading style and strategy

Leverage up to 1:500 (Under FSC License) – open account with a minimum deposit of 200 USD

Segregated client funds – the funds are held in segregated bank accounts which are separated from the company’s funds

Negative Balance Protection for all accounts opened

Award-winning MT4 platform – Orbex offers industry’s leading MetaTrader 4 platform and gives the freedom to place your trades on the go, wherever and whenever on a range of Orbex platforms.

Premium signals and analysis from Trading Central – the detailed technical analysis reports empower traders to make the most informed decisions and to address their Forex Trading strategies.

Award-winning FX education and analysis – Orbex has a wide library of educational materials, comprehensive market research, deep geopolitical reviews, etc.

Swap-free Islamic accounts – Orbex offers Shariah forex accounts exclusively to Muslim clients that can hold their position for an unlimited amount of time

Partnership program – designed partnership programs suitable for various types of Introducers and Affiliates. Orbex’s Forex Partnership Program is an opportunity for both individuals and companies to receive a commission for introducing clients to Orbex

Free VPS – increase your execution speed and avoid missing trading opportunities with Orbex Free Forex VPS

Scalping – Orbex allows clients to take advantage of small price moves by making many transactions over a small-time frame

Hedging – Orbex allows clients to open hedging position as a part of their strategy to reduce their loss

24/5 multi-lingual live chat – providing with around-the-clock support for achieving your trading goals

No managed accounts – currently, Orbex does not provide an opportunity for managing clients’ accounts

No cent accounts – the minimum account to open an account at Orbex is 200USD

No trading with US and Japan citizens – Orbex does not provide services to citizens of some jurisdictions as US and Japan

Trading Conditions

The Orbex MT4 trading platform is uniquely customized to provide a user-friendly trading experience, available in 17 different languages and free Trading Central signals delivered directly via the MT4 client terminal.

With Orbex, traders can take advantage of transparent and competitive trading conditions.

The broker provides fixed and variable accounts with spreads as low as 0, execution in less than 2ms and leverage up to 1:500 (under FSC) Both fixed and variable accounts are suitable for intraday and position trading. In addition, traders have access to VIP signals, individual training, exclusive webinars, live trades, and much more.

Under the CySEC license, Orbex is required to segregate client funds from their own, providing traders higher security and granting them the potential to receive up to 20 000 EUR in compensation from the Investment Compensation Fund. However, the maximum leverage available for retail clients is 1:30.

Underlying Assets

Orbex offers a wide selection of trading instruments available to trade on MetaTrader 4. Traders can open positions on markets such as:

  • Currencies – over 40 major and exotic pairs
  • Cash Indices – trade S&P, DAX, and many more on the spot market
  • Energies – open your position on oil and gas
  • Precious Metals – offers opportunities during the volatile times
  • CFDs

Trading Platform

Orbex provides ultra-fast execution via the award-winning Orbex MetaTrader 4 platform.

The industry-leading trading platform provides opportunities for the management of multiple accounts at once, automated trading sessions as well as trailing stop features.

The Orbex platform can be downloaded with a few clicks, and is available on desktop or mobile.

The multi-lingual platform and around-the-clock customer support ensure a fully personalized user-experience.

Mobile Trading

The mobile platform provides traders access to their entire portfolio of orders and full trading history, from their phones.

Orbex, traders can access their account anywhere, anytime, via MetaTrader 4 Android and MetaTrader 4 iPhone/iPad. Traders can carry out all types of orders with the same ultra-fast execution as available on desktop, no matter where they are.

Demo Account

New entities or individuals can open a Demo account at Orbex, granting them access not only to the platform, but also to a vast library of digital information and educational material.

Creating a Demo account is free and allows users to gain an in-depth understanding of trading in a simulation of real market conditions.

Orbex’s philosophy highly encourages new traders to open demo accounts in order to study and develop successful strategies on virtual funds, before investing real capital.

Account Types

To cater to a wide-array of trading preferences, Orbex offers a range of well-balanced account types.

Starter – requires a minimum investment of $200, offers a variable spread, leverage up to 1:500, monthly webinars and free trading signals.

Fixed – requires a minimum investment of $500, offers a fixed spread, leverage up to 1:500, monthly webinars and free trading signals.

Premium – requires a minimum investment of $5,000, offers spreads starting from 0 pips, leverage up to 1:500, exclusive webinars, Live trading and Premium trading signals.

Ultimate – requires a minimum investment of $25,000, offers spreads starting 0 pips, leverage up to 1:500, exclusive webinars, Live trading and Ultimate trading signals.

Opening an Account

Orbex accounts are tailored to meet customer expectations across all experience levels. From beginner to advanced levels, traders can take advantage of:

  • Free transaction signals and exclusive analyses supported by Trading Central (TM),
  • Fast deposits and withdrawals accessible on the MyOrbex Members/Partners Area,
  • Ultra-fast ECN execution of orders,
  • Desktop and mobile platform to trade anywhere, anytime,
  • Access to tier-1 bank liquidity,
  • Deposit guarantee of up to EUR 20 000 (ICF) for CySEC based accounts.

Funds Withdrawal

Traders can easily access their funds via the online members area. Deposit and withdrawals are processed instantly, and are available to make across a wide range of funding options, including:

  • Credit cards
  • Wire transfers
  • Skrill
  • Neteller
  • WebMoney
  • FasaPay

Trader Training

Orbex promotes education and research as an essential part of a trader’s journey.

The award-winning Orbex Investment Research Team provides the most comprehensive industry research as well as a daily feed of the latest market updates, combined with extensive technical analysis, to help traders make informed decisions.

Orbex traders receive free access to an extensive educational library offering:

  • Webinars,
  • E-books,
  • Podcasts,
  • Orbex Web TV,
  • Fundamental and technical analysis,
  • Updates sent directly to the mobile device via Telegram.

Should I Trade with Orbex?

In an ever-changing industry where security is key and history matters, Orbex stands as a fully licensed and multi-body regulated broker with a decade of high-quality service and a 100% clean CySEC record under its belt.

With 24/5 multi-lingual customer support and the best technological systems implemented to ensure data protection, encryption and storage, Orbex traders are free to focus their valuable attention on their trading strategies, taking advantage of award-winning research (as seen on Refiniv Eikon), top-tier trading conditions, and seamless execution.

To be an Orbex trader is not only to be served responsibly, but also to join a community of responsible and informed traders who respect their capital and trade with wisdom, insight and caution.

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Orbex – Broker Review and Trader Feedback 2021

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