Orbex Review – Who is Behind Orbex.Com Broker?
Orbex is an international and global Forex and CFD brokerage company from Cyprus. Since the initial start off, back in 2007, this firm has had the same priority – happiness of clients. Continuously looking to improve their own skills and the knowledge of traders, a hardworking team of professionals at Orbex constantly designs new and innovative learning resources and technologies.
Alongside the quality educational material at Orbex, another leading motive of their professional development are quick and immediate responses to clients’ inquiries. Licensed and fully regulated, Orbex creates an exceptional trading environment. With the growing popularity of CFDs, the company has perfected trading CFDs on currencies, precious metals, energies, indices and futures.
Our Orbex review brings you a detailed observation of the conditions, environment and technological solutions that this company offers.
|Regulation||CySEC (Cyprus) and FSC (Mauritius)|
|Instruments||CFDs on currencies, precious metals, energies, indices and futures|
|EUR/USD Spread||From 0.0 pips|
|Base Currencies||USD and EUR|
|Education||Articles, Videos, E-books, Webinars|
How Are You Protected at Orbex? Regulation and Security
Cyprus Securities and Exchange Commission in Cyprus, or CySEC, dictates the regulatory rules for this country. With some of the strictest licensing standards, CySEC is among top tier regulators in EEA and wider. Let’s take a look at the basic regulatory principles that CySEC expects the brokers to fulfill before obtaining a trading certificate:
- Beginning capital of 730.000 EUR to invest in their brokerage business to keep it stable and sustainable
- Leverage restriction to 1:30 most, as a risk-reduction measure
- Compensation fund, which allows returns of up to 20.000 EUR to customers
- Segregated bank accounts for safe-keeping of all capital that clients deposit so the firm’s funds are separated and the management cannot access the money that isn’t their own.
As you can see, CySEC imposes harsh conditions that filter out the firms who aren’t serious enough about investing into their broker project. The fact that Orbex has a CySEC license speaks of their reliability, seriousness and dedication to the business they run in accordance with rules.
However, EEA brokers don’t have only jurisdictional regulations to abide by. ESMA enforces MiFID for all companies that want to offer their online trading services to EU citizens. This additional set of commands binds the brokers to transparency of transactions and improved customer protection.
A downside to Orbex operating beyond the EEA is that their business is subject to only one offshore license by FSC in Mauritius. International clients aren’t as protected as EU traders, especially concerning their funds. Since FSC doesn’t impose leverage limitations non-EU clients are exposed to greater risks, too.
Orbex Deposits and Withdrawals
In an effort to make funding seamless, instant and stress-free Orbex introduces several methods of transactions to help clients choose what they feel most comfortable with:
- Debit and credit cards (Visa and MasterCard)
- eWallets (Skrill, Neteller, Perfect Money, UnionPay, ENet, Fasapay, Poli, Knet)
- Crypto payments (USDT)
- Bank wire transfer
Although the accepted currencies may vary a bit, most deposit methods accept EUR and USD as standard money. Orbex prouds on making all funding free, along with withdrawals that aren’t charged. All ways of investing or withdrawing capital are fast, secure and processed in 2 hours most. Only bank wire transfers may take 3-5 business days to complete.
Orbex also introduces Orbex Wallet, that is automatically created for clients when joining Orbex. The benefits of using this digital wallet with the broker are instant deposits and withdrawals, better risk management and availability for each currency accepted at Orbex.
Trading Platforms Overview
Accessing world markets with speed and precision, no matter where your location is, is why Orbex chose MT4 as their dominant software solution.
MetaTrader 4 distribution is comprehensive and user-friendly, allowing traders of various experience grades to master their trading skills on it. With over 15 years on the market, MT4 has received awards for this unique approach and complex features while still being easy to navigate and customize.
Highly equipped to tend to your trading demands, MT4 installs built-in trading robots – Expert Advisors to help you trade more confidently. Along the existing pool of default indicators, you are free to build your own ones. MT4 also allows access to robust selection of online indicators designed by successful fellow traders.
Since MT4 has versions that support Android and iOS devices, trading on the go is facilitated for traders who are more on the move and less tied to a specific workstation. For those that prefer desktop and laptop machines, PC and Mac variants are also an option.
Account Types Available at Orbex
Carefully designed to cover every traders needs and expectations, Orbex account types are available in three distinctive types:
- Starter – $100
- Premium – $500
- Ultimate – $25.000
Orbex meticulously explains what features come with each of the account categories, so feel free to explore them directly from the website. Notable options that we’d like to emphasize here are:
- Varying spreads starting from 0.0 pips
- Commissions from $0 for Starter account up to $8 for Premium type
- Adjustable leverage of up to 1:500
- Margin call at 100% and Stop-out at 20%
- Scalping and Expert Advisors
- Free webinars and education but bigger offer for Premium and Ultimate accounts
Orbex Fees and Spread
The fees charged as well as spreads depend on the account type you choose to open. Forex spreads for Starter accounts are set to 1.5 pips for EUR/USD and it’s similar for other major currency pairs. Spreads for exotic and minor Forex pairs tend to be bigger. Other two account types offer floating spreads that start as low as 0.0 pips for EUR/USD.
Commissions per round-turn contract are set to $0 for Starter accounts, $8 for Premium and $5 for Ultimate type.
Orbex Research Center is an award-winning service that gives traders a chance for receiving daily analytics from market experts and seasoned Ellion Wave specialists. Bringing you the freshest news directly from the market, professionals discuss the possible changes, sudden turn of events and all the ways minor and major shifts could affect the global markets.
Followed by video interviews and discussions held daily, Orbex makes sure all traders are properly informed of all relevant events in due time.
Forex Educational Hub helps traders empower their investment decisions by providing comprehensive educational content in many forms:
- Articles – text material on most relevant subjects starting from basics of online trading
- Videos – pre recorded video tutorials for all levels of knowledge
- E-books – collected text materials available for downloading to all Orbex customers
- Webinars – multilingual lessons held by trading specialists
- Glossary – traders dictionary with most relevant phrases explained
The Help Center at Orbex contains answers collected from most frequently asked questions by customers and traders at Orbex. Divided into several categories, these answers provide instant solutions to some most common issues that traders encounter.
However, it’s not unusual that traders demand other means of help besides the textual suggestions to problems. With availability of 24/5, customer services is contactable via:
- Live chat – accessible directly on the site, provides instant answers by agents
- Callback request – arranged call for a particular day and time
- Telephone – +442035198140 and +442036565401 are 24/5 available phone lines
- Email – [email protected] being the primary email with dozen other electronic addresses for customers from other areas and with issues tied to specific areas
- Fill-in form on the site – allows communicating your problem to staff by submitting a message
Orbex Overall Summary
In this Orbex review we’ve examined some of the beneficial circumstances that investing here brings, as well as the pricing, costs, security and funding methods.
Hopefully, our review answers your questions about this site, however, if you feel you need more details you can always open a Demo account and test all the circumstances you wish. You are not obligated to invest during a trial period, but if you wish to deposit, you can do it anytime without fees and worries about your funds’ security.
Internationally recognized for its quality and supportive customer service, as well as rich education, Orbex prevails as one of the most chosen broker dealers for years. Licenses by CySEC and MFSC guarantee the legitimacy and honesty of their business. Still, the lower customer protection for non-EU clients stands.
FAQs About Orbex Broker
What Are Orbex Fees?
Orbex doesn’t charge depositing and withdrawing funds while commissions per round-turn contract are set to $0 for Starter accounts, $8 for Premium and $5 for Ultimate type.
Is Orbex a Regulated Broker?
Yes, this broker holds licenses from CySEC (Cyprus) and FSC (Mauritius).
What Is the Minimum Deposit at Orbex?
Opening a Starter account at Orbex costs $100, which is the minimum deposit required.