Introduction
Orbex is a Cyprus-based forex and CFD broker, founded in 2010. Headquartered in Limassol, Cyprus, Orbex has established a strong presence in the financial trading industry, known for its commitment to client satisfaction and transparency.
Expert Analysis
Orbex stands out in the competitive online brokerage landscape with its comprehensive range of trading services and a client-centric approach. Our analysis of Orbex’s offerings highlights the broker's dedication to providing a secure and efficient trading environment for its global clientele.
Orbex operates under the regulation of the Cyprus Securities and Exchange Commission (CySEC). This regulatory oversight ensures that Orbex adheres to stringent standards, offering a high level of trust and safety for traders’ funds.
The broker offers a diverse array of trading instruments, encompassing forex pairs, indices, commodities, metals, energies, and cryptocurrencies. This extensive range enables traders to diversify their portfolios and capitalize on multiple market opportunities. Orbex provides access to advanced trading platforms including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), known for their reliability, advanced features, and ease of use.
Orbex places significant emphasis on client education, offering a variety of resources such as webinars, tutorials, and market analysis. These educational materials are designed to enhance traders’ knowledge and skills, empowering them to navigate the financial markets effectively.
The Pros and Cons
PROS
✓Regulated by CySEC
✓Comprehensive range of trading instruments
✓Advanced trading platforms (MT4, MT5)
✓Strong emphasis on client education
✓Multilingual customer support
CONS
−Limited promotional offers compared to some competitors
−Inactivity fee after a period of inactivity
Is Orbex Right for You?
Orbex caters to a diverse range of traders, offering competitive trading conditions, extensive educational resources, and robust customer support. Whether you are a beginner or an experienced trader, Orbex provides the tools and resources necessary to support your trading journey effectively.
What Sets Orbex Apart?
Orbex distinguishes itself through several key factors:
01Strong Regulatory Oversight
Regulated by CySEC, Orbex ensures adherence to high standards of safety and compliance.
02Comprehensive Trading Instruments
Orbex offers a wide array of trading instruments, allowing traders to diversify their portfolios across various asset classes.
03Advanced Trading Platforms
With MT4 and MT5, Orbex provides reliable platforms supporting diverse trading strategies.
04Client Education
Orbex offers extensive educational resources designed to empower traders with market knowledge and skills.
05Multilingual Support
Orbex provides customer support in multiple languages, ensuring accessibility for traders globally.
Main Features
Regulations
Financial Services Commission (FSC), Mauritius Financial Services Authority (FSA), Seychelles
Products
Forex Commodities Indices Shares Cryptocurrencies
Deposit Options
Bank Wire Credit/Debit Cards Skrill Neteller UnionPay
Withdrawal Options
Bank Wire Credit/Debit Cards Skrill Neteller
Headquarters Country
Cyprus
Trust and Safety
Orbex prioritizes trust and safety by adhering to stringent regulatory standards and implementing robust client protection measures. The broker ensures transparency in its operations and safeguards client funds through secure banking practices and regulatory compliance.
Regulation
ENTITY & REGULATORLICENSE / REGISTRATIONRATING
Orbex Global Limited
Financial Services Commission (FSC), Mauritius
—
TIER 2
Orbex (Seychelles)
Financial Services Authority (FSA), Seychelles
—
TIER 3
TIER RATINGS ARE FXCOINZ'S ASSESSMENT OF EACH REGULATOR. TIER 1 IS THE STRICTEST.
Is Orbex Safe to Trade With?
Orbex maintains a secure trading environment under the regulatory oversight of CySEC and the FCA. Client funds are segregated from the broker's own funds and held in reputable banks. The broker also offers negative balance protection to ensure clients do not lose more than their deposited funds.
Commission and Fees
Orbex offers a competitive commission and fee structure designed to be transparent and accessible to traders. The broker primarily operates on a spread-based model, where traders pay the difference between the bid and ask prices for each trade executed. Additionally, Orbex provides various account types with differing spreads and commissions to accommodate diverse trading strategies and preferences.
Commission and Fees Overview
Spread-Based Trading
Orbex operates primarily on a spread-based model, where traders pay the difference between the bid and ask prices for each trade executed. Spreads vary by account type and market conditions, aiming to remain competitive in the industry.
Account Types
Orbex offers various account types, such as Standard, Premium, and VIP accounts, each with different spreads and trading conditions. Higher-tier accounts may have tighter spreads and lower trading costs, catering to more active or institutional traders.
Additional Fees
Traders should be aware of potential overnight financing charges (swap rates) for holding positions overnight, which vary depending on the asset class and prevailing market interest rates. Orbex provides detailed information on all fees and charges on its website for transparency.
Transparency
Orbex maintains transparency in its fee structure, ensuring that traders have access to comprehensive information about spreads, commissions, and other relevant charges. This transparency allows traders to calculate their trading costs accurately and make informed decisions.
Deposit & Withdrawal Options
Orbex provides a comprehensive range of deposit and withdrawal options to accommodate its global clientele. Traders can fund their accounts and withdraw profits using various methods, including bank transfers, credit/debit cards, and electronic payment systems. This variety ensures flexibility and convenience, allowing traders to select the method that best suits their needs and location.
METHODDEPOSITWITHDRAWAL
Bank Wire✓✓
Credit/Debit Cards✓✓
Skrill✓✓
Neteller✓✓
UnionPay✓—
Bank Transfers
Orbex supports both local and international bank transfers, enabling traders to deposit and withdraw funds directly from their bank accounts. While bank transfers may take longer to process compared to other methods, they are a reliable option for larger transactions and international transfers.
Credit/Debit Cards
Traders can use major credit and debit cards, such as Visa and Mastercard, to fund their Orbex accounts instantly. This option is convenient for smaller deposits and provides quick access to trading funds.
Electronic Payment Systems
Orbex supports various electronic payment systems, including Skrill, Neteller, and FasaPay. These e-payment options offer instant deposits and withdrawals, making them ideal for traders who prioritize speed and efficiency.
Cryptocurrency Deposits
Additionally, Orbex accepts cryptocurrency deposits, allowing traders to fund their accounts using popular cryptocurrencies like Bitcoin and Ethereum. This option appeals to traders who prefer the security and anonymity of blockchain transactions.
Low Fees and Fast Processing
Orbex aims to provide cost-effective deposit and withdrawal solutions with minimal fees and fast processing times. However, traders should review the specific fees and processing times associated with each payment method, as they may vary depending on the chosen option and the trader’s location.
In summary, Orbex’s wide range of deposit and withdrawal options, coupled with its commitment to low fees and fast processing times, ensures a seamless and convenient experience for traders worldwide.
Tradable Instruments
Orbex offers a diverse range of tradable instruments across multiple asset classes to meet the needs of traders with varying strategies and preferences. These include:
Forex (FX) Pairs
Traders can access a wide range of major, minor, and exotic currency pairs, allowing participation in the global forex market with competitive spreads and fast execution.
Commodities
Orbex provides a selection of popular commodities such as gold, silver, crude oil, natural gas, and other metals and energies. This allows traders to diversify their portfolios and hedge against inflation or geopolitical risks.
Indices
Trading is available on major stock indices from around the world, including the S&P 500, NASDAQ, FTSE 100, DAX 30, and Nikkei 225. This enables speculation on the performance of global equity markets.
Shares (Stocks)
Traders can access a broad range of individual stocks from leading companies listed on major stock exchanges. This allows them to trade shares of companies they are familiar with or believe have growth potential.
Cryptocurrencies
Popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and more are available for trading, providing exposure to the emerging asset class of digital currencies.
Bonds
Orbex offers trading in government and corporate bonds, allowing traders to invest in fixed-income securities and diversify their portfolios with relatively low-risk assets.
Futures
Traders can access futures contracts on various underlying assets, including commodities, indices, and currencies. This provides opportunities for speculative trading and hedging against future price movements.
Contracts for Difference (CFDs)
Orbex also offers CFDs across all the aforementioned asset classes. This enables traders to speculate on price movements without owning the underlying assets.
Overall, Orbex provides a comprehensive selection of tradable instruments, catering to the diverse needs and preferences of traders across different markets and asset classes.
What are Bonds?
Bonds are fixed-income securities that represent a loan made by an investor to a borrower, typically a corporation or government. When you purchase a bond, you are essentially lending money to the issuer in exchange for periodic interest payments, known as coupon payments, and the return of the bond's face value (principal) at maturity.
What Can You Trade with Orbex?
ASSET CLASSEXAMPLE INSTRUMENTS
Forex Major
EUR/USD GBP/USD USD/JPY
Forex Minor
EUR/CHF CAD/JPY GBP/AUD
Indices
DAX 30 Hong Kong 50 US Tech 100
Cryptocurrencies
Bitcoin Litecoin Ethereum
Commodities
Gold WTI Crude Oil Silver
Account Types
Orbex offers several account types tailored to different trading needs:
01
Fixed Spread Account
Suitable for beginners, with fixed spreads and no commissions.
02
Starter Account
Ideal for intermediate traders, offering variable spreads with no commission.
03
Premium Account
Designed for more experienced traders, offering tighter spreads and a small commission per trade.
04
Ultimate Account
Designed for high-volume traders, offering the lowest spreads and commissions.
05
Islamic Account
Sharia-compliant trading with no interest or swap charges.
Registration and Account Opening
Opening an account with Orbex is a straightforward process:
1Visit the Orbex website and click “Open Account.”
2Complete the online registration form with personal details.
3Verify your email address and phone number.
4Submit required identification documents for KYC verification.
5Fund your account using the preferred deposit method.
Restricted Countries
Orbex does not accept clients from several jurisdictions, including the United States, Canada, and Japan, due to regulatory restrictions.
FULL LIST7 COUNTRIES & TERRITORIES
United StatesIranNorth KoreaMauritiusRussiaMyanmarRomania
Orbex offers a variety of trading platforms to cater to the diverse needs of traders. These platforms provide advanced features, user-friendly interfaces, and robust tools for a comprehensive trading experience. Here are the trading platforms offered by Orbex:
MetaTrader 4 (MT4)
MetaTrader 4 is one of the most popular and widely used trading platforms globally. It is known for its advanced charting tools, automated trading capabilities, and a wide range of technical indicators.
MetaTrader 5 (MT5)
MetaTrader 5 is the successor to MT4, offering additional features and improved performance. It provides enhanced trading tools, more timeframes, and advanced order management capabilities.
Orbex WebTrader
Orbex WebTrader is a browser-based trading platform that allows traders to access their accounts and trade directly from any web browser without the need for downloads or installations.
Orbex Mobile App
Orbex offers a dedicated mobile trading app for both iOS and Android devices, providing traders with the flexibility to trade on the go.
cTrader
cTrader is an advanced trading platform known for its intuitive interface, fast execution, and comprehensive trading tools. It is designed for both beginner and professional traders.
Orbex’s range of trading platforms ensures that traders of all levels can find a suitable platform that meets their specific trading needs and preferences.
MetaTrader 4 (MT4)
Advanced Charting Tools
MT4 provides comprehensive charting tools with multiple timeframes and a variety of technical indicators for detailed market analysis.
Automated Trading
Supports Expert Advisors (EAs) for automated trading strategies.
Multiple Order Types
Offers various order types including market, limit, stop, and trailing stop orders.
User-Friendly Interface
Intuitive and easy-to-navigate interface suitable for traders of all levels.
Mobile Trading
Available on iOS and Android for trading on the go.
Customizable
Allows for extensive customization of charts and trading strategies.
MetaTrader 5 (MT5)
Enhanced Charting Tools
More timeframes, additional technical indicators, and advanced charting capabilities compared to MT4.
Advanced Order Management
Includes more order types and market depth information.
Integrated Analysis Tools
Combines fundamental and technical analysis tools with an economic calendar and financial news.
Multi-Asset Trading
Supports trading across different asset classes from a single platform.
Mobile Trading
Apps available for iOS and Android with full trading functionality.
Improved Performance
Faster execution and improved platform stability.
Orbex WebTrader
Browser-Based Access
Trade directly from any web browser without the need for downloads.
Real-Time Quotes and Charts
Provides live market data and interactive charts.
One-Click Trading
Execute trades quickly with a single click.
Secure and User-Friendly
Secure platform with an intuitive interface.
Synchronization with MT4
Seamless integration with MT4 accounts for consistent trading experience.
Orbex Mobile App
Real-Time Market Data
Access live quotes and interactive charts on mobile devices.
Full Account Management
Manage trading accounts, monitor trades, and check balances on the go.
Secure Login
Supports biometric authentication for enhanced security.
Customizable Watchlists and Alerts
Track favorite instruments and receive instant notifications.
Instant Order Execution
Fast and reliable trade execution with comprehensive trading history.
cTrader
Direct Market Access (DMA)
Transparent pricing with direct access to the market.
Advanced Charting and Analysis
Sophisticated charting tools, multiple indicators, and drawing tools.
Automated Trading with cAlgo
Create and run automated trading strategies using cAlgo.
Copy Trading with cTrader Copy
Follow and copy the trades of experienced traders.
User-Friendly Interface
Modern and customizable interface designed for a seamless trading experience.
Mobile Trading
Fully functional mobile apps for iOS and Android.
These key aspects highlight the robust features and capabilities of Orbex's trading platforms, catering to the needs of both beginner and advanced traders.
Research and Education
Orbex is dedicated to providing traders with a robust set of research and educational resources to empower them at every stage of their trading journey. The platform offers a comprehensive range of tools, analysis, and educational materials designed to enrich traders’ knowledge and enhance their decision-making abilities.
Research
Traders on Orbex have access to a wealth of research resources, including:
Market Analysis
Daily and weekly market analysis reports covering major financial instruments.
Technical Analysis
In-depth technical analysis reports providing insights into price movements and trends.
Economic Calendar
A detailed calendar of upcoming economic events and their potential impact on the markets.
News Feed
Real-time news updates from leading financial news sources.
Education
Orbex offers a robust suite of educational resources aimed at helping traders of all skill levels:
Webinars
Regular webinars hosted by industry experts covering a variety of trading topics.
Tutorials
Video tutorials and step-by-step guides on using the trading platforms and implementing various trading strategies.
Ebooks
Comprehensive ebooks on forex and CFD trading, risk management, and market analysis.
Blog
Informative blog posts discussing market trends, trading strategies, and industry news.
FAQs
5 QUESTIONSIs Orbex regulated?
Yes, Orbex is regulated by the Cyprus Securities and Exchange Commission (CySEC) and other regulatory bodies.
What trading platforms does Orbex offer?
Orbex offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.
What is the minimum deposit required to open an account with Orbex?
The minimum deposit required is $200.
Does Orbex offer a demo account?
Yes, Orbex offers a demo account for traders to practice and familiarize themselves with the platform.
What types of accounts are available at Orbex?
Orbex offers Fixed Spread, Starter, Premium, Ultimate, and Islamic accounts.
Customer Support
Orbex prioritizes customer satisfaction by offering comprehensive support services to assist traders with their inquiries, technical issues, and account-related queries. The broker provides various communication channels to ensure that traders can access assistance in their preferred method.
Live Chat
Orbex offers live chat support, allowing traders to connect with customer support representatives in real-time. Accessible through the Orbex website and trading platforms, the live chat feature provides prompt responses to questions and concerns, facilitating efficient issue resolution.
Email Support
Traders can reach out to Orbex customer support via email. The broker provides dedicated email addresses for different types of inquiries, including technical support, account verification, and general inquiries. The email support team aims to respond promptly and provide detailed assistance to traders’ concerns.
Phone Support
Orbex offers phone support during business hours, enabling traders to communicate directly with support agents. The phone numbers for Orbex customer support are available on the broker’s website, allowing traders to discuss their issues or questions in detail with knowledgeable support agents.
FAQs and Knowledge Base
Orbex maintains an extensive FAQ section and knowledge base on its website, covering various topics related to trading, account management, and platform features. Traders can find answers to common questions and solutions to issues by browsing through the FAQs and articles, facilitating self-help and troubleshooting.
Overall Impression
Orbex demonstrates a commitment to providing excellent customer support services to its clients. With multiple channels of communication, including live chat, email, and phone support, traders can access assistance conveniently. The prompt and effective customer support contribute to enhancing the overall trading experience, fostering trust and confidence in Orbex’s services.
Conclusion
Orbex stands out as a reliable and competitive broker in the forex and CFD trading industry. With a strong regulatory framework, competitive trading conditions, advanced platforms, and extensive educational resources, Orbex is well-suited for traders of all experience levels. Whether you are a beginner looking to start your trading journey or an experienced trader seeking advanced tools and tight spreads, Orbex offers a robust and secure trading environment.
Trading Features
11 OF 14 SUPPORTEDOCO Orders✕ NO
Offers Hedging✓ YES
Automated Trading✓ YES
API Trading✕ NO
Guaranteed Stop Loss✓ YES
Guaranteed Limit Orders✓ YES
Guaranteed Fills / Liquidity✓ YES
Economic Calendar✓ YES
Trading From Chart✓ YES
One-Click Trading✓ YES
Expert Advisor✓ YES
Social Trading✓ YES
Autochartist✕ NO
Trading Signals✓ YES
Further Information
24 Hours Support✓ YES
Support During Weekends✓ YES
Live Chat✓ YES
Daily Market Commentary✓ YES
News (Top-Tier Sources)✓ YES
Webinars✕ NO
Deposit Fee✓ NONE
Withdrawal Fee✓ NONE
Inactivity Fee✓ NONE
Publicly Traded✕ NO
Platform Languages
English Arabic French German Italian Japanese Polish Portuguese Russian Spanish Urdu
Crypto
Bitcoin Ethereum Litecoin Ripple Bitcoin Cash
Products
Forex Commodities Indices Shares Cryptocurrencies
Customer Support Quality
Generally rated highly by users for responsiveness and helpfulness.
Educational Resources
Offers a range of educational materials including tutorials, articles, and webinars.
Research Tools
Provides comprehensive market analysis tools, including technical indicators and trading signals.
Mobile Trading
Offers mobile trading apps for iOS and Android with excellent performance and usability.
Security Measures
Implements strong security protocols including SSL encryption and two-factor authentication.
Trading Contests/Promotions
Occasionally runs trading contests and promotional offers for clients.
Community and Social Features
Provides a social trading platform and community forums for traders to interact and share insights.
Platform Stability and Uptime
Known for stable trading platforms with minimal downtime and interruptions.
PHONE · CYPRUS
+357 2558 8230
LIVE CHAT
Available on the Orbex website
HEADQUARTERS
82nd Street, No 21, 2nd Floor, Office 201, Limassol, Cyprus
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. This review includes partner links.