Orbex

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AspectDetails
broker popularity top broker high popularity best reviews benchmark
LeverageUp to 1:500
Minimum Deposit$100
Year Established2010
Regulation CySEC (Cyprus), FCA UK (United Kingdom), FSC Mauritius (Mauritius)
Payment methodsWire Transfer, Union Pay, Cryptocurrencies, Neteller, FasaPay, Skrill, Credit Card, PerfectMoney, Poli
Publicly Traded
Employees150
Type of Brokermulti-asset online CFD broker
MT4
MT5
Trading Assetsforex, indices, commodities, metals and stock CFDs
Demo Account
Islamic Account
CopyTrading
Signals
Deposit Fee
Withdrawal Fee
Rating★★★★ 4
Offers Official Website

Alternative Brokers

Pros and Cons

Pros
  • Regulated by FSC and CySEC, ensuring compliance and reliability.
  • Multilingual accessibility with 13 supported languages.
  • Award-winning broker with over 10 years of experience.
  • Tailored trading accounts, accommodating various preferences.
  • Non-Dealing Desk (NDD) technology for transparent and conflict-free transactions.
  • Secure fund handling with segregated accounts.
  • Diverse services including VPS, advanced analysis, and prepaid cards.
  • Abundant educational resources for traders.
  • Variety in account types with flexible minimum deposits.
  • Regulatory compliance and investor protection measures.
Cons
  • Identity verification is mandatory for all clients.
  • Complaint processing may take 1-2 months.
  • Claims require recorded evidence in writing or audio format.
  • No web terminal; traders are limited to MetaTrader 4.
  • No bonuses due to CySEC regulations.

Detailed Introduction

In the realm of online trading, Orbex stands out as a licensed and regulated broker facilitating the trade of CFDs on various assets, including currencies, precious metals, cryptocurrencies, stocks, and indices.

With over a decade of international market presence, it prioritizes high-speed and reliable transactions, backed by a team of seasoned professionals from diverse backgrounds.

Orbex in Numbers

  • Experience: Over 10 years in the international market.
  • Multilingual Presence: Operates in 13 languages through its official website and customer service.
  • Awards: Accrued 11 international awards, reflecting its commitment to excellence.

A Reliable International NDD Broker

Orbex distinguishes itself as a broker offering individualized trading terms.

The company provides multiple account types, each catering to different trading preferences, be it fixed or floating spreads.

Client funds are securely stored in segregated bank accounts, ensuring transparency and protection.

The broker operates on Non-Dealing Desk (NDD) technology, automatically executing transactions on the open market.

Useful Services

  1. Strategizer: An algorithmic platform for creating trading advisors without programming.
  2. Virtual Private Server (VPS): Ensures uninterrupted trading and EA functionality 24/7.
  3. Advanced Analysis by Trading Central: Free analytical tools and real-time alerts.
  4. Orbex Prepaid Card: Facilitates global fund transfers for clients in select regions.
  5. Mobile App: Enables on-the-go management of trading accounts and real-time market analysis.
  6. Live Market Analysis & Webinars: Daily in-depth market research and analysis by certified experts.
  7. Islamic Account: Swap-free accounts for compliance with Islamic beliefs.
  8. PAMM Service: Allows access to strategies and performance records of professional traders.

Advantages

  1. Instantaneous Execution: Swift transaction processing.
  2. Account Variety: Options for fixed or floating spread accounts.
  3. Regulation: Licensed by international regulators CySEC and FSC.
  4. Security Measures: Segregated accounts, ICF membership, and 20,000 euros compensation.
  5. Educational Resources: Free access to market news and trading education.

Key Features

  1. Regulation and Reliability:
    • Regulated by both FSC (Mauritius Financial Services Commission) and CySEC (Cyprus Securities and Exchange Commission).
    • More than 10 years of experience, showcasing stability and reliability.
  2. Multilingual Accessibility:
    • Operates in 13 languages, providing a user-friendly experience for an international clientele.
    • Reflects commitment to inclusivity and global accessibility.
  3. Awards and Recognition:
    • Accrued 11 international awards, underscoring excellence in service and innovation.
    • Demonstrates industry recognition and credibility.
  4. Individualized Trading Accounts:
    • Offers various account types, allowing clients to choose between fixed or floating spreads based on their trading preferences.
    • Tailored accounts cater to the diverse needs of traders.
  5. Non-Dealing Desk (NDD) Technology:
    • Operates on NDD technology, ensuring transparency and automatic execution of transactions on the open market.
    • Enhances trust by eliminating potential conflicts of interest.
  6. Secure Fund Handling:
    • Client funds stored in segregated bank accounts, separate from the company’s funds.
    • Provides security and transparency, aligning with industry best practices.
  7. Orbex Services for Enhanced Trading:
    • Strategizer: Algorithmic platform for creating trading advisors without programming.
    • Virtual Private Server (VPS): Ensures uninterrupted trading and EA functionality.
    • Advanced Analysis by Trading Central: Free analytical tools and real-time alerts.
    • Orbex Prepaid Card: Facilitates global fund transfers for clients in specific regions.
    • Mobile App: Enables on-the-go management of trading accounts and real-time market analysis.
    • Live Market Analysis & Webinars: Daily in-depth market research and analysis.
  8. Educational Resources:
    • Provides a range of training materials, including Orbex WebTV, analytics, forecasts, e-books, manuals, and practical demo accounts.
    • Empowers traders with knowledge and insights for informed decision-making.
  9. Account Variety and Minimum Deposits:
    • Offers three types of trading accounts: Starter, Premium, and Ultimate.
    • Allows traders to choose based on their preferences, with varying minimum deposit requirements.
  10. Regulatory Compliance and Investor Protection:
    • Adheres to regulatory requirements set by CySEC and FSC, ensuring legal compliance.
    • Offers protection measures such as funds segregation, ICF membership, and the possibility of compensation.

Account Types

Orbex offers three account types, catering to different trading preferences, minimum deposits, and additional features:

  • Starter: Floating spread of 1.5 pips, $100 minimum deposit, allows advisors and scalping.
  • Premium: Floating spread from 0.0 pips, $500 minimum deposit, $8 per lot commission, premium signals, and advanced training.
  • Ultimate: Floating spread of 0.0 pips, starting at $25,000 minimum deposit, $5 per lot commission, exclusive practical webinars.

The broker encourages professionals with a minimum investment of $100.

Bonuses

The company is regulated by the CySEC, and it adheres to regulations prohibiting bonuses.

Instead, it offers competitive accounts with a floating spread of 0.0 pips.

Investment Education Online

Orbex provides a comprehensive range of training materials, including Orbex WebTV, analytics, forecasts, ebooks, manuals, and practical demo accounts.

Protection for Investors

Regulated by both FSC and CySEC, Orbex ensures transparency and protection for investors, including funds segregation and ICF membership.

Advantages:

  • Segregated funds.
  • Protection from negative balance.
  • ICF compensation possibility.

Disadvantages:

  • Mandatory identity verification.
  • 1–2 months for processing complaints.
  • Evidence required for claim submission.

Withdrawal Options and Fees

Orbex supports various withdrawal methods with no set limits. Processing times vary:

  • Bank Transfers: 3–5 days.
  • E-wallets: Instant to 72 hours.
  • Withdrawal Currencies: USD, euros, pounds sterling, Polish zloty.

Customer Support Service

The company offers 24/5 customer support through various channels, including online chat, email, and phone.

While multilingual, it is not available on weekends.

Advantages:

  • Multilingual support.
  • Various communication methods.

Disadvantages:

  • Weekend unavailability.
  • Potential delays in operator response.

Review of their Personal Cabinet

To open an account with Orbex, users can follow our link, register, choose an account type, and complete the verification process.

The personal cabinet provides account management, document downloads, access to trading tools, and real-time market analysis.

Conclusion

Orbex stands as a regulated and client-focused broker, offering diverse accounts, advanced tools, and educational resources.

With a commitment to transparency and security, it caters to both novice and professional traders, making it a noteworthy choice in the competitive online trading landscape.

FAQ – Frequently Asked Questions

What regulations govern Orbex?
It is regulated by both the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Commission (FSC) in Mauritius.
How many languages does it support?
Orbex operates in 13 languages, providing multilingual support for its international clientele.
What awards has the company received?
Orbex has been honored with 11 international awards, recognizing its excellence in the financial services industry.
What types of accounts are available?
Orbex offers three account types: Starter, Premium, and Ultimate, catering to different trading needs with varying minimum deposits and features.
How does Non-Dealing Desk (NDD) technology benefit traders?
NDD technology ensures transparent and conflict-free trading by automatically placing transactions on the open market, enhancing speed and reliability.
What security measures protect client funds?
Client funds are secured through segregated accounts, and Orbex is a member of the Investors’ Compensation Fund (ICF), providing additional protection.
What services does it provide for enhanced trading?
Orbex offers a range of services, including the Strategizer algorithmic platform, free VPS service, advanced analysis by Trading Central, and a Prepaid Card.
What educational resources are available for the clients?
Orbex provides extensive educational resources, including Orbex WebTV, daily market analysis, webinars, video courses, ebooks, and various tools for traders of all levels.
What are the different account types and their minimum deposits?
Orbex offers three account types: Starter ($100 minimum deposit), Premium ($500 minimum deposit), and Ultimate ($25,000 minimum deposit).
How does the company handle withdrawals, and what currencies are supported?
Withdrawals can be made via bank transfer, credit/debit cards, and e-wallets, with processing times ranging from minutes to a few days. Supported currencies include USD, euros, pounds sterling, and Polish zloty.

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Last updated: July 5, 2024