Orbex Trading Account – Review, Types, Process, Benefits, Charges & moreLast Updated Date: Nov 17, 2022
Find out everything about Orbex Trading Account here.
Nowadays online trading in the stock market is in trend as many online brokers are offering financial services in simple ways for new traders to get into the stock market.
Orbex is an international online broker offering financial services in various financial instruments.
In this article, we are exploring Orbex online trading services that provide a flawless, secure, and clear trading experience.
This article will be very helpful for the new investors as we are discussing here all about Orbex online trading services- different types of trading accounts it offers, charges of trading account, its process, and its benefits as well.
Orbex Trading Account and Benefits
Orbex is a global online financial service provider, founded by Chris Lamour in 2010.
It is authorized and regulated by the Mauritius Financial Services Commission (FSC), CySEC, and FCA with its headquarter in Cyprus. It offers its customers the ability to access more than 300+ financial CFD instruments.
The clients of Orbex get a wide range of financial markets such as Forex, Indices, Commodities, and Stocks.
It provides MetaTrader 4 platform and API Trading for PC and MAC. Orbex caters to its clients with three main account types such as Starter, Premium, and Ultimate.
It grants full transparency regarding fees, execution, and pricing structure of the company.
With the No Dealing Desk (NDD) model, Orbex guarantees its traders access directly to the deepest liquidity possible.
Orbex offers free VPS for all its account types for a safer trading experience for its clients.
The traders are benefitted from Negative Balance Protection across all account types that ensure their losses do not exceed the initial investment.
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Orbex Trading Account Charges
|Trading Account Charges|
|Account Type||Starter Account||Premium Account||Ultimate Account|
|Spread||Starts From 0 pip||From 0 pip||Starts From 0 pip|
Orbex provides three different account types such as Starter, Premium, and Ultimate trading accounts with their individual set up of charges.
Trading account charges with Orbex depend on account type and the market traded.
The starter account has larger spreads with 0 pips but there is zero commission.
Premium and Ultimate accounts are commission-based. Both these accounts have spread from 0.0 pips.
Premium account imposes $8 commission whereas Ultimate account charges $5 commission. Orbex also offers a Pamm trading account with zero commission but has spread from 1.5 pips.
There are a charge for non-Islamic (swap-free) accounts if the position remains open overnight (22.00) GMT.
A three-day swap charge will be charged if the position is held over the weekend. There is no charge for inactive accounts.
Overall trading costs are competitive and transparent with leverage up to 1:500 for all account types.
Types of Orbex Trading Account
|Types of Trading Account|
|Trading Desk Type||No dealing desk|
|Suitable for beginners||Yes|
|Suitable for professionals||Yes|
|Suitable for scalping||Yes|
|Suitable for daily trading||Yes|
|Suitable for Weekly trading||Yes|
|Suitable for swing trading||Yes|
Orbex provides three different account types that are Starter account, Premium account, and Ultimate account.
Each one is unique in it and provides traders with an energetic trading experience along with the best pricing schedule.
The Orbex Starter account has many features. This account requires a minimum deposit of $200.
It is a commission-free trading account with variable spreads from 0 pips. Leverage is set up to 1:500 for this account.
The traders of this account type can access monthly webinars and regular training sessions. Scalping is allowed to the traders and they can make use of expert advisors.
Traders of Premium accounts need a minimum deposit of $5,000.
This account has variable spreads from 0.0 pips with leverage up to 1:500. It charges a commission of $8.
It is accessible to webinars and live trading.
Traders can use scalping, trading central and premium signals. Expert advisors and training sessions are allowed as well.
This account requires a minimum deposit of 25,000 US dollars.
The commission charge for this account is $5 with leverage up to 1:500. Trading can start from 0 pips. Trading central and ultimate signals are allowed and traders can use scalping.
It provides training sessions and expert advisors. Traders can access webinars and live to trade as well.
Orbex offers a Demo account as well that can be utilized in various ways.
It allows Muslim traders to open an account in the Islamic Account option without being subjected to additional commissions, wider spreads, or administration fees.
They are benefiting with no time limit.
Orbex Account Opening and Trading Process
Here, you will get to know how to open a trading account with Orbex. The steps you need to follow are kept simple. Go through the process explained below:
- Sign Up: Enter your full name with your email. Mention your country and phone number as well.
- Verify email: You have to verify your email and then set a password.
- Profile: In this column fill your date of birth, place of birth, nationality, and full address.
- Preferences: Mention your account type, trading style, account currency, and leverage.
- Experience: You have to answer the questions regarding your overall trading experiences.
- Financial Information: You have to give information about the source of wealth, annual income, etc.
- Employment Information: Here you need to fill in your education and employment status.
- Verification: For verification, you need to submit your identity proof and proof of your residence as well.
After following all processes accurately, fund your account with the required deposit.
Your account will be approved within 3-4 working days and you will get your log-in license through email. Demo and Islamic accounts are also available.
The trading process starts as soon as you log in with the Orbex trading account.
Now you can look around your trading account, personalize it as per your requirement and choose your preferred trading tools, features, and other services.
To start trading, fund your trading account with the minimum deposit required and get ready to implement the trading strategies to earn huge profits and achieve desired results.
Orbex allows its clients to trade with the MT4 platform from anywhere, anytime, and on any device.
Find Different Trading Account Types of Forex Brokers
Orbex Trading Account – Features
|Social Trading / Copy Trading||Yes|
|Guaranteed Stop Loss||No|
|Guaranteed Limit Orders||No|
|Guaranteed Fills / Liquidity||Yes|
|Trading From Chart||Yes|
|Interest On Margin||No|
|Other Trading Features||No|
Trading Central and Ultimate Signals
Trading central is an interesting trading feature that provides detailed research to the user to use for technical analysis to examine the market condition and give you the right moment to put your trading strategy into action.
It also provides the Ultimate Signal of the closing price.
Access to Expert Advisors
The traders can access the software developed in MQL4 that is MetaQuotes Language 4.
It helps the traders by providing signals to allow them to carry out quick technical analysis of price data and manage trading activities.
It is mainly used for the mechanization of analytical and trading processes.
Stop out the level of 20% and access to VPS
The Orbex online trading platform offers a margin level of 20% to its users where the open positions of traders will be closed.
Also, the traders get access to VPS that is Virtual Private Server.
VPS is one of the prominent trading features and popular hosting services used for private resources on a server with several users.
Traders can use Scalping
Scalping is the feature that focuses on earning profits with small price changes and reselling.
The Orbex online trading account offers a complete learning academy to all of its traders.
It offers a wide range of free audio-visual tutorials and the traders can access monthly webinars that comprise webinars plus and also get access to live trading.
The Orbex trading platform also offers a trading glossary, trending blogs, PDFs, and sessions from market experts.
Orbex trading account avails NDD execution on all of its different types of trading account.
This is an interesting trading feature wherein the broker operates a No Dealing Desk and hence does not intercede in carrying out the orders that are implemented mechanically.
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Orbex Trading Account – Conclusion
Orbex offers a wide range of trading accounts including starter account, premium account, ultimate account, and demo account.
All these trading accounts are designed differently with various trading tools and features to serve the needs of various types of traders.
The trading accounts are economical and ensure maximum revenue yielding with its automated trading tools.
The trading assistance is also provided here at the Orbex trading platform.
In short, it is a considerable trading platform for traders who are looking for a reasonable, efficient, and effective online trading platform.
In the article, you will get much other information regarding the Orbex trading accounts, go through it carefully and compare its operations with other trading platforms.
Orbex Online Trading – FAQs
Here is the list of FAQs related to the Orbex online trading:
Does Orbex provide Online Trading?
Yes, Orbex provides online trading.
It offers a live trading account where the traders can directly log in via web browser without requiring downloading the app or software.
At the live trading account, the users can get access to the live Forex market and get to trade with the active market prices.
What are the Commission Charges in Orbex?
The commission charges in the Orbex account vary from account to account.
In the start trading account, the commission charges are not imposed at all but in the premium account the commission charges are kept at $ 8 and for the ultimate trading account, the commission charges are kept at $ 5.
Does Orbex provide Demo account Trading?
Orbex offers a demo account to help the users understand the operations of the Orbex trading account.
It offers a demo account free of charge and also provides virtual money to let the traders employ their trading practices in the real forex market with virtual money without getting involved in any financial risk.
Is trading Free at Orbex?
Downloading the Orbex trading account app is free but trading with the Orbex trading account is not free at all.
Some specific trading charges are imposed on the users to use the trading account. The trading fees are to be paid by the users at the time of registration.
Does Orbex provide Spot Metals Trading?
Yes, Orbex provides Spot Metals Trading. It offers gold and other precious metals for spot metal trading.
What are Spot Metals Trading Charges at Orbex?
The spot metals trading charges at Orbex keep changes without prior notice, depending upon the market situation.
Does Orbex provide Stock Trading?
Yes, Orbex provides Stock Trading.
What is Spread at Orbex?
The spread at Orbex varies in all of its trading accounts.
The Orbex trading platform offers tight spreads as low as 0.0 pips in Premium trading account, Starter trading, and Ultimate accounts.
The spread keeps changing depending upon the size of the trade and types of the financial instrument and trading account.
Is Orbex safe for trading?
Orbex is a CFTC regulated and licensed trading platform that adhered to the rules and regulations of the prominent financial authorities.
It ensures the complete safety and security of the users’ accounts and their funds.
Does Orbex provide Trading Tips?
No, Orbex does not provide trading TIPS.
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