|Orbex||-ECN/STP Forex broker with low spreads|
-Regulated by organizations such as CySEC
-Multiple educational and research resources for the trader
|Go To Orbex Website|
Orbex – Forex Broker Review
Orbex is an online broker that offers a wide range of products to invest in, such as the main currency pairs in the Forex market, precious metals, CFDs on energies such as oil and natural gas, CFDs on shares, equity indices, and cryptocurrencies.
Orbex started its activity in 2010 and has had a strong international expansion. Its headquarters are in Cyprus, a member country of the European Union, and it has a representative office in Kuwait for clients from the Middle East and North Africa. It is a fairly popular broker in countries such as China, Russia, United Arab Emirates, Bangladesh, and India.
Orbex offers various types of trading accounts with low spreads, both fixed and variable. It provides its clients with ECN (Electronic communication network) execution with access to the 12 main interbank liquidity providers worldwide (Barclays, UBS, Deutsche Bank,…) thus achieving the best spreads available at all times with reduced initial deposit requirements. (from $100) and minimum trade size.
Additionally, as an Orbex client you can have your own free VPS server where you can host the trading platform and from there run your automatic trading systems (Expert Advisors) at the highest speed and 24 hours a day. This combination of ECN accounts and Orbex’s free VPS server is perfect for professional traders and for executing trading strategies such as scalping, hedging,… while getting very low spreads from 0.1 pips.
Type of Broker
Orbex is also a broker that offers trading accounts with ECN (Electronic communication network) and STP (Straight-Through Processing) execution. It offers direct access to the largest global interbank liquidity providers such as Barclays, UBS and Deutsche Bank, remarkably low prices, fast and precise execution, avoiding any conflict of interest (by not acting as a counterparty to client transactions) and allowing any trading strategy (expert advisors, hedging, scalping, etc).
Orbex (through the company Orbex Limited) is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 124/10 and is also registered with several regulatory bodies in the countries in which it operates, such as the FCA in the United Kingdom , the CNMV in Spain, the CONSOB in Italy and other.
It also complies with the most demanding investor protection directives such as the Directive on Markets in Financial Instruments (MiFID) of the European Union. Also, through the company OrbexGlobal Ltd. it is regulated by the FSC (Mauritius Financial Services Commission).
Country of origin
The headquarters of this broker is located in Cyprus.
Orbex is an online broker belonging to the company Orbex LTD. It was founded in 2010 and today it already has an important international reputation and clients all over the world. Orbex is considered a reliable and professional broker and has stood out since its inception for its good trading conditions accompanied by good customer service in 10 languages with live chat and free 24-hour callback.
Its headquarters are in Limassol, Cyprus (as is the case with many other brokers thanks to the advantageous taxation of this EU member country). It also has an office in Kuwait from where it focuses customer service for the Middle East and North Africa.
Orbex also complies with the European Union’s Markets in Financial Instruments Directive (MiFID). Following this regulation that ensures investor protection, the funds of Orbex clients are in bank accounts segregated from the company’s capital and cannot be used or seized in the event of bankruptcy. In addition, Orbex investors also participate in the Cyprus Investment Guarantee Fund (ICF), which guarantees the first €20,000 of each client.
Orbex offers its clients a variety of markets to trade, although its asset offering is not as wide as that of other companies in the sector.
The list of assets is shown below:
- Forex Spot Market: 44 currency pairs from the spot Forex market, from the most important and traded ones such as EUR/USD, GBP/USD, USD/CHF and USD/JPY, to more exotic ones such as USD/MXN, NZD/ JPY and USD/TRY. To trade in the Forex spot market, this broker offers leverage of up to 1:500, with variable spreads from 0.0 pips onwards for EUR/USD (depending on the type of account selected by the trader) and a minimum trade size of 0.01 lots.
- Precious metals: Gold and silver in the spot market, two of the most important commodities in the financial markets. Orbex clients can speculate on gold and silver against the USD and EUR.
- Contracts For Difference*: CFDs based on the following underlying instruments:
- Energy Commodities: Crude oil (WTI and Brent) and natural gas.
- Stock indices: The most relevant stock market indices such as US30 (Dow Jones), Nasdaq, S&P 500, DAX 30 and UK100 among other.
- Stocks: A wide range of the most traded CFDs on US and EU Stocks.
- Cryptocurrencies: The most important crypto assets in the market against the USD, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Cardano (ADA) and others.
*CFD trading conditions, including spread and leverage, depend on the underlying asset of the contract and market conditions.
Leverage and spreads at Orbex
Leverage levels are defined by regulatory restrictions in each jurisdiction. Therefore, when trading with the European Orbex entity, the trader will automatically be subject to the ESMA regulations, which means that he can only trade with low leverage levels of 1:30 for major currencies and 1:10 for major currencies. commodities.
However, in case of trading with Orbex Global, the retail trader can access a maximum leverage of 1:500 for Forex. Be sure to learn how to use leverage wisely, as this tool can also increase risks dramatically.
Orbex spreads depend on the type of account opened by the trader. The spreads for the Starter account are variable and start at 1.5 pips for major currency pairs like EUR/USD. This type of account does not charge commissions and the broker’s profit comes directly from the spread.
In the case of the Premium and Ultimate accounts, the spreads are also floating but much lower than in the Starter account, from 0.0 pips for EUR/USD in both accounts. However, here the broker does charge a commission per standard lot traded of $8 on the Premium account and $5 on the Ultimate account.
You will need to take these costs into account when choosing an account type, depending on your trading strategy, trading volume and frequency.
Orbex Review – Trading Accounts
Orbex offers several types of trading accounts for clients with different profiles, which have the following characteristics:
|Description||It is the broker’s basic trading account as it requires a low minimum deposit. However, it offers very good trading conditions including variable spreads.||It is a trading account that allows the trader to access better conditions than the Starter account, such as variable spreads along with a series of additional services.||It is a type of account designed for institutional clients who trades with large volumes and require good execution, ultra-low spreads and a quality service.|
|Markets||-Forex-CFD on metals-CFD on commodities-CFD on energies-CFD on indices-CFD on shares-CFD on crypto||-Forex-CFD on metals-CFD on commodities-CFD on energies-CFD on indices-CFD on shares-CFD on crypto||-Forex-CFD on metals-CFD on commodities-CFD on energies-CFD on indices-CFD on shares-CFD on crypto|
|Execution type||Non Dealing Desk||Non Dealing Desk||Non Dealing Desk|
|Leverage||Up to 1:500||Up to 1:500||Up to 1:500|
|Spreads||From 1.5 pips||From 0.0 pips||From 0.0 pips|
|Commissions (per lot)||No commission||$8||$5|
|Training Session||No||1 x (1 on1)||3 x (1 on1)|
|Deposit currencies||USD, GBP, EUR or PLN||USD, GBP, EUR or PLN||USD, GBP, EUR or PLN|
|Stop out level||%20||%20||%20|
Orbex also offers swap-free accounts, known as Islamic accounts, with the rest of the conditions that it offers in its regular trading accounts.
Orbex offers its clients the possibility to open a free MetaTrader 4 Demo Account so that they can familiarize themselves with the trading platform and see the trading conditions as if it were a real account but without putting their money at risk.
Orbex Trading Platforms
Orbex offers several trading platforms to run on your desktop or mobile devices:
-MetaTrader 4 Client Desktop: MetaTrader 4 is the most widely used trading platform today. It stands out for its ease of use and its highly customizable interface. It offers powerful real-time charts and a good selection of indicators for technical analysis of the markets. It is a great all-in-one tool that is installed on your computer and from which you can carry out and monitor all your trades. It also allows the incorporation or programming of Expert Advisors (EAs) which are trading programs that follow a series of previously defined rules and are responsible for executing all trades automatically.
-MetaTrader 4 Multi Terminal: It is the version of MetaTrader 4 designed for those users who need to manage and monitor multiple accounts simultaneously. It offers the same options as MetaTrader 4 but allows the control of several accounts, while maintaining individual settings for each of them, managing them centrally. It is used by Forex PAMM account managers.
-MT4 Android Trader: This is a specific version for mobile phones and tablets with the Android operating system. This platform offered by Orbex is a version of MetaTrader 4 designed to be able to manage and control your orders and open trades from anywhere with your mobile or tablet. It combines powerful charts, technical analysis tools, and a customizable interface.
-MT4 iPhone and iPad Trader: This is the version of MetaTrader 4 offered by Orbex for Apple branded devices such as the IPhone, IPad or IPod Touch. As in the previous cases, it will allow you to carry out your trades from anywhere in the world at any time and with extensive functionalities available.
-MT4 Mac OS Trader: It is a version of the MetaTrader 4 desktop platform but for computers with Mac OS X operating system. It allows the trader to access all the features of MetaTrader 4 on his MAC computer.
Deposits and withdrawals of funds in Orbex
Orbex allows its clients to deposit and withdraw funds through a variety of payment methods including Neteller, credit/debit cards, WebMoney, Skrill, Fasapay, and bank transfer.
Orbex does not charge any transaction fees, either for deposits or withdrawals. Withdrawals are processed by submitting a form from the trading account.
Orbex does not charge fees for funds transfers, but be sure to check with your payment provider that you may be charged internal fees.
Clients also enjoy access to Trading Central market news and analysis via an MT4 plugin.
Orbex is a broker that stands out for providing its clients with the best in market research and information that will serve them throughout their trading day and keep them updated with the latest news.
Traders can access Orbex Web TV to view all market news, analysis and reports, and fundamental and technical updates on their preferred assets.
For example, you can access broadcasts hosted by its analysts covering Forex, Commodities and Indices, as well as exclusive trading opportunities in these and other markets identified by Orbex’s research team.
Orbex Educational Resources
Orbex offers an entire collection of Forex and trading tutorials, educational videos, trading strategy e-books, and other tips and advice articles to help traders forecast market outcomes and build and evaluate trades.
Orbex offers the most comprehensive market research and the latest market news, combined with in-depth analytical articles and reviews of the global geopolitical situation and major economies. It also has certified Forex trading courses.
It also offers webinars and 1 to 1 training sessions that will help the trader to improve their knowledge and performance in the markets.
Advantages and additional services of Orbex
In addition to the aforementioned services, Orbex has a series of additional services and advantages that are described below:
- Orbex is a regulated Forex and CFD broker, which is licensed by CySEC and FSC.
- This broker offers variable spreads through different types of trading accounts.
- Orbex offers good customer service with various means of contact including phone calls, live chat on the broker’s website, and email.
- It offers the possibility of using automated trading systems through the Metatrader 4 platform.
- A wide variety of trading instruments, including Currency Pairs, Stock CFDs, Energies, Indices and Precious Metals.
- Through its website, this company offers daily market news and analysis based on technical and fundamental analysis.
- Free market analysis tools such as price charts, an economic calendar, and news.
- A free VPS hosting service.
- Various customer education resources, including a free ebook on the Forex market and free webinars on a variety of market-related topics.
- Video reports (Orbex Web TV) on market news, market reports and analysis (technical and fundamental) and updates.
- This broker offers the possibility to earn money by promoting its services as a broker through an affiliate program.
Orbex Main Bonus Offers
Currently, the main offers of this broker are the following:
- At the moment this broker does not offer any type of bonus promotion.
- However, it does offer a free VPS for traders who complete a minimum monthly trading volume.
Other categories of this broker
- ECN Broker.
- Gold Broker.
- Silver Broker.
- CFD Broker.
- Metatrader broker.
|Company||Orbex Limited and Orbex Global Limited|
|Minimum accoint size||$100 for Starter accounts|
|Minimum lot size||0.01 lots|
|Maximum leverage||1:500 (non-European clients)|
|Spreads||-Very low and variable spreads from 0.0 pips for major currency pairs like the EUR/USD.|
|Link to the website|