Orbex Review – Online Platforms, Commission, Leverage, Account Types, Features & more

Find out all details about the Orbex here.

Orbex is one of the best FX brokers in the world right now. It is a private limited company whose headquarters is in Cyprus.

We will learn about the company, which has established in 2010 and regulated by CySEC, FCA, and FSC. So, let us dive in.

About Orbex & Accepted Countries

Orbex has made its debut in 2010. Since then, the company has seen exponential growth. They are operating with 100+ employees in a worldwide market.

There are tons of countries the company is thriving.

Some of them are Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and many more.

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Orbex Trading Platforms

When it comes to the trading platform, Orbex has partnered up with one industry-leading software – MetaTrader. Together they are offering the Orbex MetaTrader 4 (MT4) as the trading platform. It is a good piece of news here – MT4 is available on almost all the devices from where you can access your accounts.

It is available in Windows and Mac OS as a Desktop application and Android and iOS versions if you use a mobile app. Also, it is available if you want to access it using a web browser. The features are functions are robust, to say the least; something we will discuss on the features segment.

Orbex Mobile App

As discussed before, Orbex is offering MT4 as the trading platform.

Now, when it comes to a mobile app version, you can get it in Android and iOS both. You can download it from either Google Playstore or the Apple store.

All the features available in the other versions of the platform are available here. So, you can do trading on the go.

Check out Mobile Apps of more Forex Brokers

Orbex Commission or Brokerage or Fees

The spreads and commissions that a broker charge is its actual revenue. Orbex charges subtle fees that change with the kind of account you choose to open. We will learn more about the account types in detail later, but as of now, there are 3 main kinds of accounts – Starter, Premium, and Ultimate.

If you choose a Starter account, the spreads start from as low as 1.5 pips, while the commissions can be 0. If you opted to go with a Premium account, the spreads can be as low as 0.0 pip, while the $8. Finally, if you decide to go with the Ultimate account, the spreads can be 0.0 pip, and the commission can be $5.

Orbex Exposure or Leverage

The leverage is an area where the company offers a static ratio irrespective of what account you own – Starter, Premium, or Ultimate. It can go as high as 1:500.

Payment Methods provided by Orbex

Many modern-day traders believe the mode of payments and withdrawal are pivotal to perform effective trading. That is why they seek a company that offers multiple options. Luckily, we can say that about Orbex. The company accepts the following deposit options:

• Credit Card.
• FasaPay
• Neteller
• Skrill
• Sofort
• Webmoney
• Wire Transfer.

Here are the Withdrawal options if you are interested in them:

• Credit Card.
• FasaPay
• Neteller
• Skrill
• Sofort
• Webmoney
• Wire Transfer.

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Investment in Asset Classes or Markets by Orbex

Now, it is time to know the asset classes the company is offering:

• Currency Trading with 37 different pairs.
• Commodity Trading.
• Precious Metals and Energies.
• International Stock CFDs.
• Cash and Future Indices.

Orbex Virtual Trading or Demo Account

A virtual trading account is an efficient way to learn to trade.

It allows the new traders to know the ins and outs of the trading platform and learn about online trading as a whole.

Orbex acknowledges the fact, and hence they have deployed a Demo account that all the traders can use to practice. It is free to use, and there is no AMC involved as well.

Orbex offers or Deals

Orbex doesn’t offer Forex trading contests. Neither do they provide any trading bonuses or rewards that you can cash in. However, they do offer a lot. Here are some notable examples:

• The company offers a catalogue of study materials and tutorials.
• As discussed before, the company provides a Virtual trading account or a Demo account.
• There are discounts on Brokerage in the offering.
• Orbex also offers flexible Brokerage plans.
• There is a decent Referral Program that you can use to your benefit.

Orbex Regulation or Licensing

Orbex is well-sorted when it comes to company regulations.

There are not one but three reputed institutions that regulate the company – CySEC, FCA, and FSC.

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Orbex Features

As committed before, we will discuss some of the notable features of the company which you can get while using the trading platform MT4. So, here they are:

• The company offers a ton of educational materials and video tutorials that one can use to learn to trade efficiently.
• Social trading and Copy trading features are available.
• You can use the Trading Signals to your benefit.
• You will get email alerts on all the platforms you use.
• The Guaranteed Fills / Liquidity feature is there to use.
• You can use Trailing SP and TP orders to make minimum losses and maximum profits respectively.
• The Automated Trading feature is available at your disposal.
• API trading is available.
• You can reap benefits from the VPS services.
• You can place an order directly from Charts.
• The Expert Advisory service is dynamic and is highly efficient.
• The One-click trading feature is there for you.

Orbex Account Types

Take a look at the types of accounts that the company is offering:

Orbex offers 3 kinds of trading accounts. There are as follows:

Starter Account

As the name indicates, it is the basic account that Orbex is offering.

You can start trading with a minimum of $200, where you can get leverage of up to 1:500.

Premium Account

The Premium account is when the company treats you as a serious trader.

You can begin trading with a minimum of $5,000. Orbex is also offering a leverage ratio of up to 1:500.

Ultimate Account

This account is for heavy investors.

You will get a leverage ratio of up to 1:500 here too, and the spreads can be as low as 0.0 pip.

Of course, the minimum investment must be a minimum of $25,000 to start trading.

Orbex Trading Account Features

Check below all the trading account features under various account types:

Orbex – Research & Advisory

Find below all the different reports and support provided by its Research & Advisory team:

Orbex Benefits

There are several benefits as a trader if you join the company. It is time we mention those:

• The company is regulated by 3 reputed institutions – CySEC, FCA, and FSC. So, the security is very tight.
• MT4 as a trading platform is one of the best in the market. So, it makes perfect sense that the company tagged itself with them.
• The spreads and commissions are reasonable.
• The company is offering various other classes of assets like commodities, futures, indices, stocks, energies, and precious metals.
• There are several options to deposit and withdraw funds.
• There is a Demo account that you can use for free.
• Also, there are tons of Research and Advisor services at your disposal. The likes of Fundamental Reports, Research Reports, Company Reports, Daily Market Commentary, and News (Top-Tier Sources) are a few examples.

Orbex Cons or Drawbacks

Let us check out the points that mark the negative part of the company:

• The unavailability of MetaTrader Version 5 (MT5) is a real bummer. MT4, as good as it is, is a back-dated software. So, it makes more sense to offer the best version to the traders.
• The maximum leverage is 1:500. It is the same for all the accounts. When a trader avails the Ultimate account and invests $25000 upfront, he expects better leverage.
• Most companies nowadays offer trading bonuses and rewards, which Orbex doesn’t.
• There are no Managed accounts in the offering.
• You can’t place any Guaranteed Stop Loss or Guaranteed Limit orders with Orbex.

Orbex Trading Hours

Orbex is a US-based company. So, it is obvious that the company maintains US time.

The working hours are from 6 PM on Sundays to 4:15 PPM on Fridays when the market closes.

It follows Eastern Standard Time (EST). The working hours maintain a 23-hours’ time with just 1 hour of the recess between 5 PM to 6 PM EST. Of course, the company is closed on the National holidays.

Orbex Customer Care or Contact Details

Like many FX brokers, Orbex also uses Dedicated Dealers to provide services.

Even though the company doesn’t offer services on weekends, their regular services are top-notch. They provide 24×7 Support with live chat features.

The languages they support are Arabic, Bengali, Bulgarian, Chinese, English, French, German, Greek, Italian, Polish, Russian, Spanish, and Urdu.

Now, here is how you can reach their Orbex for support:

Physical Address

2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.

Email Address

support@orbex.com

Live Chat

Use the Chat icon on their official website.

Orbex Safety & Security

3 respectable institutions regulate and authorize Orbex – CySEC, FCA, and FSC.

So, the security aspect is well covered. Now, on top of that, MT4 comes with 2-step verification.

So, that makes the platform secure.

Orbex Rating & Reviews by Top10StockBroker

Based on different users and their experiences below are the company rating and reviews:

Orbex Forex Trading – Conclusion or Verdict

The User experience of the company is around 8 out of 10, voted by a number of customers.

Similarly, they have rated 7.8 for Products & Services, and 8.1 for Brokerage Charges & Fees. As for the Research & Advisory services, it is 8.2 out of 10.

The final rating is 8.0 out of 10. So, based on this data, it is safe to assume that the company is efficient enough for you to give it a shot.

Orbex Forex Trading FAQs

Here is the list of FAQs related to the Orbex forex trading:

Is Orbex Safe for Trading?

As far as the security aspect goes, the company has 3 regulators – CySEC, FCA, and FSC. So, one can say it is safe to trade with Orbex.

What is the Commission for Orbex?

For the Starter account, there are no commissions on trades.

If you select the Premium account, the trade commission is $8.

Finally, if you opted for the Ultimate account, it is $5.

Now, of course, the commission varies between the volume of assets and their class.

How to Open a Trading Account with Orbex?

First, go to the official website of Orbex.

Find the option to open an account and fill up the form. Soon, you should get a response from the reps of the company.

They will help you complete the KYC verification. Upon its completion, you can start trading.

Can I invest in Cryptocurrency with Orbex?

Sadly, Orbex doesn’t offer Crypto-currency trading so far.

What leverage does Orbex provide?

The company offers a flat ratio of 1:500 as leverage irrespective you own a Starter, Premium, or Ultimate account.

Does Orbex have a trading app?

Orbex works in conjunction with MetaTrader version 4 (MT4). MT4 offers a mobile app version that you can download from either Google Playstore or the Apple Store as it supports both versions.

How to contact Orbex customer care?

There are 3 ways you can be in touch with the Orbex Support team. They are as follows:

• Physical Address: 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.
• Email Address: support@orbex.com
• Live Chat: Available on the official website.

Is Orbex Regulated?

There are 3 different institutions that regulate Orbex – CySEC, FCA, and FSC.

Is Orbex good for Beginners?

Yes, of course. There are two crucial pieces of evidence that prove the point.

First, the company offers a Demo account, where you can learn to trade for free.

Second, Orbex has a vast library of study materials that you can use to learn as much as you can.

Who founded Orbex?

Chris Larmour is the founder of Orbex in the year 2010.

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