Orbex
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Pros and Cons
- Low minimum deposit requirement
- Wide range of payment methods
- Advanced trading tools and platforms
- Competitive spreads and fees
- Excellent customer support
- Limited range of assets compared to some brokers
- No ZuluTrade integration
- Not available in certain countries
- Higher minimum deposit for some account types
- No proprietary trading platform
Orbex Broker Review
For over a decade, Orbex has established itself as a significant player in the global forex and CFD trading landscape.
Known for its competitive pricing, robust platforms, and commitment to education, the broker caters to users of various experience levels.
This detailed review will explore their services and offerings, covering everything from regulatory status and security to trading conditions, platforms, costs, and more.
Our goal is to provide a comprehensive guide that helps both novice and intermediate traders determine whether this company aligns with their trading needs and preferences.
Create a Free AccountCompany Background and Overview
Founded in 2011 and headquartered in Limassol, Cyprus, Orbex has expanded its footprint to serve clients across multiple continents.
Its growth reflects its adaptability and responsiveness to market demands, particularly regarding transparency, customer service, and the continuous enhancement of its trading infrastructure.
With an emphasis on fostering long-term relationships, the firm has tailored its offerings to provide a balanced mix of simplicity for beginners and sophistication for professionals.
Regulatory Status and Compliance
The broker’s credibility is supported by its regulatory standing. It operates under the supervision of two main regulatory bodies: the Cyprus Securities and Exchange Commission (CySEC) and the Mauritius Financial Services Commission (FSC).
CySEC is well-regarded within the European Union, ensuring that firms under its purview adhere to stringent standards, including the European Securities and Markets Authority’s (ESMA) MiFID II regulations.
These guidelines are designed to enhance investor protection, market transparency, and operational integrity.
Key Regulatory Requirements
- Client Funds Segregation: User funds are kept separate from their own operational funds in top-tier banks. This segregation is crucial for ensuring that, in the unlikely event of bankruptcy, the funds remain protected.
- Negative Balance Protection: Ensures that people cannot lose more than their deposited amount, offering a safety net against volatile market swings.
- Participation in the Investor Compensation Fund (ICF): As a CySEC-regulated entity, the firm is a member of the ICF, which provides additional coverage of up to €20,000 per customer in the event it becomes insolvent.
Enhanced Security Measures
In addition to regulatory compliance, the company implements robust security measures.
The firm utilizes advanced encryption technologies, such as SSL (Secure Socket Layer), to protect data transmissions and ensure secure communication between clients and the platform.
This approach mitigates the risk of hacking and unauthorized access, providing a safer trading environment.
Range of Markets and Instruments
One of its strengths is the diversity of its trading instruments, which allows clients to build a well-rounded portfolio.
The firm offers access to multiple financial markets:
| Market | Instruments Available | Details |
|---|---|---|
| Forex | Over 40 currency pairs | Includes major, minor, and exotic pairs |
| Indices | Major global indices like S&P 500, NASDAQ, DAX 30 | Traded as CFDs, allowing for leverage and short selling |
| Metals | Gold, Silver, Platinum, Palladium | Popular choices for hedging and safe-haven strategies |
| Commodities | Crude Oil, Natural Gas, Agricultural Products | Diverse offerings for commodities traders |
| Cryptocurrencies | Bitcoin, Ethereum, Ripple | Trade on volatile digital assets through CFDs |
In-Depth Look at Each Market
Forex Market
The foreign exchange market is its primary offering, featuring over 40 currency pairs.
This selection includes a comprehensive range of major pairs like EUR/USD and GBP/USD, minor pairs such as AUD/NZD, and exotic pairs like USD/TRY.
The variety caters to both conservative traders who prefer liquidity and tighter spreads and those looking for higher risk-reward opportunities through more volatile exotic pairs.
Indices Trading
The broker provides CFDs on some of the world’s most prominent stock indices, such as the NASDAQ 100, FTSE 100, and DAX 30.
These instruments allow clients to speculate on the performance of entire stock markets, offering opportunities for both diversification and speculation on global economic trends.
Metals Trading
Precious metals like gold, silver, platinum, and palladium are available for trading, presenting excellent options for those looking to hedge against inflation or diversify their portfolios with assets often considered as safe havens.
Commodities
Commodities such as crude oil, natural gas, and agricultural products are available to investors, allowing them to benefit from price movements in these often volatile markets.
This diversity helps cater to a broad spectrum of trading strategies, from long-term investments to short-term speculations based on supply and demand shifts.
Cryptocurrencies
For those interested in the burgeoning digital asset market, it offers CFDs on popular cryptocurrencies, including Bitcoin, Ethereum, and Ripple.
This offering provides a gateway into the crypto market without the need to own the underlying asset, allowing participants to profit from both rising and falling prices.
Account Types and Features
To cater to different types of users, Orbex offers 5 account types, each designed with specific needs and preferences in mind.
This variety is particularly beneficial for those looking for tailored trading conditions.
| Account Type | Minimum Deposit | Spreads From | Leverage | Platform | Swap-Free Option |
|---|---|---|---|---|---|
| Starter | $200 | 1.5 pips | Up to 1:500 | MT4, MT5 | Available |
| Fixed | $500 | Fixed at 1.9 pips | Up to 1:500 | MT4, MT5 | Available |
| Premium | $5,000 | 0.6 pips | Up to 1:500 | MT4, MT5 | Available |
| Ultimate | $25,000 | 0.0 pips | Up to 1:500 | MT4, MT5 | Available |
| Islamic | Varies by type | Variable | Up to 1:500 | MT4, MT5 | Yes |
Detailed Analysis of Account Types
Starter Account
Designed for beginners or those with limited capital, this account type offers competitive spreads starting from 1.5 pips and leverage up to 1:500.
The low minimum deposit requirement of $200 makes it accessible to a wide range of clients.
However, it may not be ideal for scalping due to slightly wider spreads.
Fixed Account
The Fixed Account is for people who prefer the predictability of fixed spreads.
With a minimum deposit of $500 and fixed spreads from 1.9 pips, it provides a stable trading environment, making it suitable for those who want to avoid the potential volatility of variable spreads.
Premium Account
This account targets experienced traders who require tighter spreads to enhance their profitability.
With spreads starting from 0.6 pips and a minimum deposit of $5,000, it offers better trading conditions compared to the Starter or Fixed Accounts.
The leverage remains at up to 1:500, allowing for substantial position sizing.
Ultimate Account
Aimed at professionals and institutions, the Ultimate Account offers the most favorable trading conditions, with spreads starting at 0.0 pips.
The minimum deposit is significantly higher at $25,000, reflecting the advanced nature of this account type.
It is ideal for high-frequency traders and those utilizing sophisticated trading strategies.
Islamic Account
All the aforementioned account types are available in an Islamic format, which means they are swap-free to comply with Sharia law.
This flexibility is a strong point for the broker, as it allows Muslims to participate in the markets without violating their religious beliefs.
Create a Demo AccountTrading Platforms
Orbex offers two of the most popular and versatile trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
Both platforms are known for their advanced features, robust functionality, and user-friendly interface.
MetaTrader 4 (MT4) Overview
MT4 is one of the most widely used trading platforms globally, favored for its simplicity, reliability, and advanced charting tools.
Key features include:
- Customizable Charts: MT4 provides a wide range of charts and timeframes, along with over 30 built-in technical indicators. Users can create custom indicators and scripts to fit their trading strategies.
- Automated Trading: Supports the development, testing, and execution of automated trading strategies through Expert Advisors (EA).
- Security: Offers robust security with encrypted data transmission, ensuring a safe trading environment.
- Order Types: Supports various order types, including market orders, pending orders, and trailing stops.
MetaTrader 5 (MT5) Overview
MT5 is an upgraded version of MT4, offering enhanced features for more advanced trading:
- Extended Timeframes and Indicators: MT5 provides additional timeframes and a broader range of built-in technical indicators, catering to more sophisticated market analysis.
- Depth of Market (DOM): MT5 includes the DOM feature, which displays the full range of buy and sell orders, offering greater insight into market liquidity.
- Improved Execution and Order Management: Supports more order types and has enhanced execution capabilities, making it suitable for high-frequency trading.
- Integrated Economic Calendar: Allows traders to keep track of market-moving economic events without leaving the platform.
Cost Structure: A Detailed Breakdown
One of the most crucial considerations is the cost of trading.
Orbex aims to offer competitive pricing with transparent fee structures.
Let’s examine the various costs associated with trading through this broker.
Spreads and Commissions
The broker primarily operates on a spread-based pricing model, which means that most accounts do not incur additional commissions beyond the spread.
| Account Type | Spreads (EUR/USD) | Commission Fees |
|---|---|---|
| Starter | From 1.5 pips | None |
| Fixed | Fixed at 1.9 pips | None |
| Premium | From 0.6 pips | None |
| Ultimate | From 0.0 pips | Commission may apply |
| Islamic | Varies | None |
- Starter Account: Offers spreads from 1.5 pips on the EUR/USD pair with no additional commission, making it an economical choice for new customers.
- Fixed Account: The fixed spread of 1.9 pips provides predictability, which can be advantageous during volatile market conditions.
- Premium Account: Spreads start from 0.6 pips, making it ideal for frequent traders who benefit from tighter spreads.
- Ultimate Account: Offers spreads starting from 0.0 pips, but may involve commissions on certain trades, providing flexibility for institutions and professionals.
Swap Fees
Swap fees, or overnight financing charges, are applicable when positions are held overnight.
These fees vary based on the asset class and market conditions.
Traders using the Islamic Account type are exempt from these charges, making it a suitable option for those seeking swap-free trading.
Deposit and Withdrawal Costs
The broker does not charge deposit or withdrawal fees, which is a significant advantage.
However, third-party charges may apply depending on the payment method used:
- Bank Transfers: Processing times may vary, and banks might charge fees for the transactions.
- Credit/Debit Cards: Transactions are typically processed within 24 hours, but card providers might apply nominal fees.
- E-Wallets (Skrill, Neteller, PayPal): Usually processed instantly, e-wallets provide a fast and convenient way to manage funds, although third-party fees may apply.
Educational Resources and Market Insights
Education is a cornerstone of its client services.
The company offers an extensive range of resources designed to help traders expand their skills and make more informed decisions.
Webinars and Interactive Learning
Regular webinars are conducted by seasoned market analysts and trading experts.
Topics range from fundamental and technical analysis to risk management and trading psychology.
These webinars cater to users of all levels, providing valuable insights and live demonstrations.
Articles and E-Books
Their website features a vast library of articles, covering various trading topics.
These articles range from introductory guides on forex trading basics to in-depth discussions of advanced trading strategies.
Additionally, Orbex offers e-books that are available for free download, allowing individuals to learn at their pace.
Market Research and Analysis
Daily market analysis reports are available to everybody, providing insights into economic events, technical analysis, and potential trading opportunities.
Its in-house analysts offer commentary on major market movements, key financial data releases, and global economic trends, helping investors stay informed and prepared.
Customer Support and Service Quality
The quality of support can significantly impact a trader’s experience with a broker.
Orbex has established a strong reputation for its responsive and professional support services.
Channels of Communication
Clients can reach the support team through multiple channels, including:
- Live Chat: Offers real-time support with quick response times, ideal for urgent queries.
- Email: Provides a reliable way to address more complex issues, with responses typically within 24 hours.
- Phone Support: Available 24/5, allowing direct communication with customer service representatives.
- Comprehensive FAQ Section: Addresses common queries related to account management, platform usage, and trading conditions.
Service Quality
Feedback indicates that the customer support team is knowledgeable, courteous, and well-equipped to handle various types of inquiries.
The multilingual support team adds a layer of accessibility, making it easier for non-English speakers to communicate effectively.
Mobile Trading Experience
For people who prefer or require mobile access, Orbex offers robust trading apps for both MT4 and MT5.
The apps, available on iOS and Android, provide full functionality, allowing traders to execute trades, analyze charts, and manage their accounts while on the go.
Key Features of the Mobile Platform
- Real-Time Price Quotes: Stay updated with live quotes across all available instruments.
- Comprehensive Charting Tools: Access various technical indicators and timeframes, even on a mobile device.
- Push Notifications: Receive alerts on important market events, order executions, and margin calls.
- Secure Access: The apps utilize advanced encryption to ensure that client data remains secure.
Research Tools and Additional Features
To complement its educational offerings, it provides various research tools that enhance a trader’s ability to analyze the markets.
Trading Central
A collaboration with Trading Central allows Orbex clients access to third-party research tools, which include daily technical analysis, trading signals, and market commentary.
This integration is beneficial for both new customers looking for guidance and experienced users seeking additional analytical perspectives.
Economic Calendar
The economic calendar is a vital tool that lists upcoming economic events, such as GDP releases, employment reports, and central bank meetings.
These events can significantly impact market prices, and the calendar helps traders anticipate potential volatility.
Trading Calculators
Orbex provides several trading calculators to assist with risk management and decision-making:
- Pip Calculator: Helps determine the value of pips in the base currency of the account.
- Margin Calculator: Assists in calculating the margin required to open a new position.
- Currency Converter: Provides live conversion rates for multiple currency pairs.
Account Management and User Experience
The account management experience is user-friendly, with an intuitive interface that allows people to easily navigate their account details, deposit or withdraw funds, and monitor their trading activities.
Ease of Account Opening
The account opening process is straightforward:
- Registration: Clients fill in an online form with personal details.
- Verification: Required documents (ID and proof of address) are submitted for verification.
- Account Funding: Various deposit methods are available, including bank transfers, credit cards, and e-wallets.
- Start Trading: Once verified and funded, users can access their chosen platform and start trading.
Account Management Portal
The client portal is well-organized and includes features such as:
- Account Overview: Displays key information like account balance, equity, and margin.
- Transaction History: Provides detailed records of all deposits, withdrawals, and trades.
- Platform Downloads: Allows easy access to download the latest versions of MT4 and MT5.
Leverage, Margin, and Risk Management
Leverage can be a powerful tool, but it also carries significant risks.
At Orbex, leverage levels can go up to 1:500, depending on the account type and the asset class being traded.
The leverage levels offered can amplify both potential profits and losses, making risk management critical.
Understanding Margin Requirements
Margin requirements are determined by the leverage used and the size of the trading position.
Their platforms provide real-time margin information, ensuring that traders can monitor their margin levels and take appropriate action to avoid margin calls or stop-outs.
Comparative Analysis: How Orbex Stands Against Competitors
To better understand where Orbex fits in the brokerage landscape, let’s compare its key features with those of two popular brokers: Pepperstone and FXTM.
| Feature | Orbex | Pepperstone | FXTM |
|---|---|---|---|
| Regulation | CySEC, FSC | FCA, ASIC | CySEC, FCA |
| Leverage | Up to 1:500 | Up to 1:30 (FCA Reg.) | Up to 1:2000 |
| Minimum Deposit | $200 (Starter) | $200 | $10 |
| Platforms | MT4, MT5 | MT4, MT5, cTrader | MT4, MT5 |
| Spreads | From 0.0 pips | From 0.0 pips | From 0.1 pips |
| Commission-Free | Yes (most accounts) | No (Raw account) | Yes (certain accounts) |
| Education | Extensive resources | Extensive resources | Extensive resources |
| Mobile App | Yes (MT4, MT5) | Yes (MT4, MT5, cTrader) | Yes (MT4, MT5) |
From this table, it’s evident that Orbex offers a competitive package with strong regulatory credentials, high leverage options, and a robust educational offering, making it a solid choice for individuals seeking a reliable trading firm.
Conclusion: Is Orbex the Right Broker for You?
Orbex presents a compelling package for users of all experience levels.
The broker’s focus on providing a secure, transparent, and customer-friendly trading environment, coupled with its diverse range of instruments and competitive trading conditions, makes it a suitable choice for many.
With access to both MT4 and MT5, different account types, and a commitment to education, it caters to those seeking flexibility and a supportive trading ecosystem.
While some investors may prefer proprietary platforms or lower minimum deposits, the overall offering remains robust, especially for those valuing regulatory compliance and safety.
By balancing advanced trading features with user-friendly interfaces and comprehensive support, Orbex appeals to both novice and seasoned traders looking for a reliable trading platform to execute their strategies.
If these align with your trading goals and preferences, this broker could very well be a strong contender for your trading endeavors.
Visit official website: www.orbex.comFAQ
Is Orbex regulated?
Yes, the firm is regulated by CySEC (Cyprus Securities and Exchange Commission) and FSC (Financial Services Commission).
What is the minimum deposit?
The minimum deposit is $200, although it may vary depending on the account type.
Does Orbex offer a demo account?
Yes, it offers a free demo account with virtual funds for practicing trading strategies.
What payment methods does it accept?
Orbex accepts various payment methods, including bank transfer, credit/debit cards, Skrill, Neteller, and PayPal.
Are there any withdrawal fees?
No, Orbex does not charge any withdrawal fees. However, third-party payment providers may impose their own charges.
Can I trade cryptocurrencies?
Yes, Orbex offers trading on various cryptocurrencies, including Bitcoin, Ethereum, and Ripple.
Does it offer negative balance protection?
Yes, Orbex provides negative balance protection to ensure that clients cannot lose more than their deposited funds.
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Article written, edited and reviewed by
Last updated: September 19, 2025
