Orbex Commission or Brokerage Charges – Review, Plans, FAQs & more
Find out all details about Orbex Commission or Brokerage Charges here.
Founded in 2010, Orbex has its head office in Cyprus. It is a rising international brokerage firm that mainly focuses on currencies, commodities, precious metals, CFDs, and Futures.
It is fully licensed and regulated by highly reputed CySEC, FCA, and FSC and is adhered to the rules and regulations of these prominent financial authorities to ensure the thorough safety and security of the account holders and their funds.
Orbex is a safe and reliable broker for new investors who want to make money and improve trading performance.
This broker provides some good trading conditions on the market, including zero commission, fixed spreads, fast execution, free VPS, a wide range of instruments, and many more.
Before opening an account with Orbex, go through this article to know about the brokerage charges or commission, types of commission plans, account opening process, payment or withdrawal methods it offers.
Orbex Commission or Brokerage Charges
Traders should acknowledge the commission or brokerage charges of any trading platform before opening an account with it.
Orbex charges commission or brokerage charge according to the type of account that the trader chooses and on the market traded as well.
It offers three types of trading accounts to its clients –Starter, Premium, and Ultimate. Starter account offers zero commission charges with 0.0 pips and leverage up to 1:500.
Premium account is commission-based.
There the clients have to pay $8 as commission or brokerage charge on trades and spreads from 0.0 pips.
The traders at Orbex using Ultimate account have to pay brokerage charges of $ 5 on trades and spreads from 0.0 pips.
Traders should be aware of the overnight fees or swap fees or rollover fees that may be charged for positions held open for longer than a day.
Traders using Islamic accounts are charged storage fees ranging from $5 to $ 70 depending upon the financial instrument and duration as well.
Orbex does not charge any deposit fees or withdrawal fees but accounts left inactive for six consecutive months have to pay $20 per month.
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Types of Orbex Commission Plans
|Types of Commission Plans|
|Account Type||Starter Account||Premium Account||Ultimate Account|
|Spread||Starts From 0 pip||From 0 pip||Starts From 0 pip|
Orbex commission or brokerage plans differ in all its three types of accounts it offers like Starter account, Premium account, and Ultimate account.
There is an Islamic account too for Muslim traders.
Traders are required to pay a minimum deposit of US Dollar 200 at the time of opening the account. There is a leverage of up to 1:500 in this account.
This is a zero-based commission account with spreads from 0.0 pips.
A minimum initial deposit is required in this type of account as well. The investors have to deposit US Dollar 5,000 at the time of account opening.
They get the leverage of up to 1:500. This is a commission-based account, where the investors are charged $8 as brokerage fees with spreads from 0.0 pips.
The initial or minimum deposit for the Ultimate account is quite higher than other accounts the Orbex offers.
To start trading with this account, the traders have to deposit US Dollar 25,000 as the initial amount. But the commission or brokerage fee is lower than the Premium account.
They are required to pay $ 5 as a commission charge on trades and spreads from 0.0 pips.
Orbex Account Opening Process
Here, you will get to know the entire process of Orbex account opening.
Go through all the steps attentively while opening a trading account with Orbex and you will be easily linked with Orbex Trading Platform.
- Visit the website of Orbex to get an Account Registration Form. Fill in your first name, middle name, and last name.
- Now, fill in your Email address followed by the country you belong to, and provide your phone number as well.
- You have to verify your Email and set a password.
- Now, the trading profile form will pop up. This form will require certain documents.
- Here, you have to fill in your date of birth, place of birth, and full address.
- You have to mention your nationality as well.
- Now, you are asked to choose the account type, trading style, account currency, and leverage. They might ask you about your trading experience if any.
- In the next column, it is mandatory to give information about the source of annual income.
- Now, fill your educational and employment status in the next bar.
- Finally, you are asked to submit your identity proof with your residential evidence.
Fill all the requirements correctly and deposit the initial amount required to open an account. You will get an approved message of your account in 3 to 4 working days.
Login License will be provided through your Email. Hurray! Now you are ready to trade on your preferred online trading platform of Orbex.
Orbex Payment or Withdrawal Methods
|Deposit Options||Credit Card, FasaPay, Moneybookers, Neteller, Skrill, Sofort, Webmoney, Wire Transfer|
|Withdrawal Options||Credit Card, FasaPay, Moneybookers, Neteller, Skrill, Webmoney, Wire Transfer|
While opting for any trading platform for investment purposes, it is very important to check the payment and withdrawal options.
If the payment and withdrawal options are convenient and flexible then you can fund your account or withdraw your money at any point in time from anywhere.
Orbex trading platform offers different types of deposit and withdrawal options.
The deposit or payment options available are- debit/credit card, bank wire, Skrill, Neteller, WebMoney, FasaPay, Enet, and UnionPay.
Orbex offers all the deposit options for free and involves no charges for any type of operation.
The time required for processing the deposit is usually 2 hours for all the deposit options except for bank wire. Bank wire may take 3 to 5 working days.
The withdrawal options available are- debit/credit card, bank wire, Skrill, Neteller, WebMoney, FasaPay, Enet, and UnionPay.
Withdrawal is processed within 24 hours for all the withdrawal options except for bank wire. Bank wire may take up to 3 to 5 business days.
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Orbex Investment Assets
|Total Tradable Assets||0|
|Number Of Currency Pairs||37|
|Number Of Cryptocurrencies||0|
|Number Of Stocks||0|
|Number Of Indices||5|
|Number Of Commodities||3|
|Number Of Futures||0|
|Number Of Options||N/A|
|Number Of Bonds||N/A|
|Number Of ETFs||N/A|
The traders always check for what all investment assets do the trading platform offers.
There is no point in opting for the trading platform that does not offer trading for the tradable products you want to invest in.
Here, we will discuss all investment assets Orbex offers to its users.
At Orbex trading platform, you can trade in more than 300 financial CFD instruments from indices, forex, stocks (EU/UK/US) to commodities.
It offers Forex including AUDUSD, GBPUSD, NZDCAD, CADCHF, etc. The commodities offered are precious metals such as gold and silver, UK oil, US oil, etc.
Indices offered are Germany 30, NAS 100, US 30, UK 100. The stocks that Orbex offers trading in are Apple, Tesla, Cineworld, HSBC.
Orbex Commission – Conclusion
Lastly, it can be concluded that Orbex is a reputed trading platform that offers advanced services and trading tools at the most competitive prices.
The commission charges are kept nominal wherein the starter account meant for the beginners is designed with no commission structure to offer the new traders more flexibility and leniency.
All three trading accounts are designed keeping the needs of various types of traders and the trading charges imposed on each of the trading accounts depends upon the trading features, tools, and services offered.
If you want to opt for the Orbex trading platform for investment, then go through this commission review thoroughly and compare each of the charges imposed with other competitive platforms.
It will help you ascertain the best and cost-effective trading platform for you.
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Orbex Charges or Fees – FAQs
Here is the list of FAQs related to the Orbex brokerage charges or fees:
Do Orbex charge commission?
Orbex trading platform has proposed different commission charges plans for each of its trading accounts.
For the starter account, the commission charges are zero.
That means the users are not entitled to pay any commission charges if they are using a starter account to perform their trading activities.
Conversely, the commission charges are $8 for the premium account holders and $ 5 for the ultimate account holders respectively.
How much does Orbex charge brokerage?
The brokerage charges vary depending upon the type of trading account.
However, the spread is kept the same for all the trading accounts of the Orbex trading platform including the starter account, premium account, and the ultimate account.
The spread offered is as tight as from 0.0 pips.
What is the Minimum Deposit required in Orbex?
The minimum deposit required for the Orbex trading accounts varies from account to account.
The minimum deposit for the starter account is $200, for the premium account, it is $ 5000 whereas, for the ultimate account, it is kept as high as $ 25,000.
How much leverage does Orbex provide?
The maximum leverage offered for the Orbex trading accounts is 500:1.
This is the leverage offered for all the account holders including starter account holders, premium account holders, and the ultimate account holders.
The maximum leverage is only offered when the trading volume is between 0-19.99 lots.
When the trading volume is 20-39.99 lots, the leverage offered is 300:1. If the trading volume is 40 lots or more, the leverage offered is 100:1.
How much is Spread at Orbex?
The spread is kept as low as 0.0 pips for all the trading accounts of Orbex including the starter account, the premium account, and the ultimate account.
The spread may vary depending upon the size of the trade and the type of the trading account.
What types of Commission Plans are available in Orbex?
The commission plans for each of the Orbex trading accounts are as follows-
Starter account- the minimum deposit amount is $200, the spread is from 0.0 pips and the maximum leverage offered is 500:1. The commission charged is zero.
Premium account- the minimum deposit amount is $ 5000, the spread is from 0.0 pips and the maximum leverage offered is 500:1. The commission charged is $ 8.
Ultimate account- the minimum deposit amount is $ 25000, the spread is from 0.0 pips and the maximum leverage offered is 500:1. The commission charged is $ 5.
Does Orbex provide Cryptocurrency for Investment?
Yes, you can invest in cryptocurrency with the Orbex trading platform.
Is Orbex a legit Forex Broker?
Orbex is a well-known trading platform founded in the year 2010.
It is regulated by prominent financial authorities such as CySEC, FCA, and FSC and is adhered to the rules and regulations of these authorities.
The account holders can confine the security and safety of their funds and accounts with Orbex.
Can I invest in Orbex for $5?
The minimum deposit amount at Orbex is $200 for the starter account that has to be submitted at the time of registration.
After submitting the minimum deposit, you can start trading with any amount you want.
Are there any hidden charges available with Orbex?
Orbex discloses all the charges that are to be paid by the account holders at the time of registration only.
It provides complete transparency for the trading charges and involves no hidden charges to be paid later by the account holder.
Fill up the Form – Open Forex Trading Account Now!
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