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Orbex Review 2024

By Editorial Board

Last updated: Jun 23, 202415 Min Read

Orbex

Orbex is a trusted broker offering forex, crypto, stocks, and commodities with tight spreads, fast execution, and advanced trading platforms.
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Orbex
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4.0
Table of Contents

Introduction

Orbex is a Cyprus-based forex and CFD broker, founded in 2010. Headquartered in Limassol, Cyprus, Orbex has established a strong presence in the financial trading industry, known for its commitment to client satisfaction and transparency.

Expert Analysis

Orbex stands out in the competitive online brokerage landscape with its comprehensive range of trading services and a client-centric approach. Our analysis of Orbex’s offerings highlights the broker’s dedication to providing a secure and efficient trading environment for its global clientele.

Orbex operates under the regulation of the Cyprus Securities and Exchange Commission (CySEC). This regulatory oversight ensures that Orbex adheres to stringent standards, offering a high level of trust and safety for traders’ funds.

The broker offers a diverse array of trading instruments, encompassing forex pairs, indices, commodities, metals, energies, and cryptocurrencies. This extensive range enables traders to diversify their portfolios and capitalize on multiple market opportunities. Orbex provides access to advanced trading platforms including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), known for their reliability, advanced features, and ease of use.

Orbex places significant emphasis on client education, offering a variety of resources such as webinars, tutorials, and market analysis. These educational materials are designed to enhance traders’ knowledge and skills, empowering them to navigate the financial markets effectively.

The Pros and Cons

Pros

✔️ Regulated by CySEC
✔️ Comprehensive range of trading instruments
✔️ Advanced trading platforms (MT4, MT5)
✔️ Strong emphasis on client education
✔️ Multilingual customer support

Cons

❌ Limited promotional offers compared to some competitors
❌ Inactivity fee after a period of inactivity

Is Orbex Right for You?

Orbex caters to a diverse range of traders, offering competitive trading conditions, extensive educational resources, and robust customer support. Whether you are a beginner or an experienced trader, Orbex provides the tools and resources necessary to support your trading journey effectively.

What Sets Orbex Apart?

Orbex distinguishes itself through several key factors:

  • Strong Regulatory Oversight: Regulated by CySEC, Orbex ensures adherence to high standards of safety and compliance.
  • Comprehensive Trading Instruments: Orbex offers a wide array of trading instruments, allowing traders to diversify their portfolios across various asset classes.
  • Advanced Trading Platforms: With MT4 and MT5, Orbex provides reliable platforms supporting diverse trading strategies.
  • Client Education: Orbex offers extensive educational resources designed to empower traders with market knowledge and skills.
  • Multilingual Support: Orbex provides customer support in multiple languages, ensuring accessibility for traders globally.

Main Features

Main FeaturesDetails
☑️ RegulationsCySEC (Cyprus)
🗺 Supported LanguagesMultilingual support
💰 ProductsForex, Indices, Commodities, Metals, Energies, Cryptocurrencies
💵 Min DepositCompetitive minimum deposit
💹 Max LeverageUp to 1:500
🖥 Trading PlatformsMT4, MT5
💳 Deposit OptionsBank Wire, Credit/Debit Cards, Skrill, Neteller, UnionPay
💳 Withdrawal OptionsBank Wire, Credit/Debit Cards, Skrill, Neteller
🤴 Demo AccountYes
🗓 Foundation Year2010
🌎 Headquarters CountryCyprus

Trust and Safety

Orbex prioritizes trust and safety by adhering to stringent regulatory standards and implementing robust client protection measures. The broker ensures transparency in its operations and safeguards client funds through secure banking practices and regulatory compliance.

Regulation

  • Cyprus Securities and Exchange Commission (CySEC): Orbex Ltd is regulated by CySEC under license number 124/10, ensuring adherence to European Union financial regulations. CySEC regulation provides a level of security and oversight for clients’ investments.
  • Financial Conduct Authority (FCA): Orbex Global Limited is authorized and regulated by the FCA in the United Kingdom under reference number 758162. The FCA regulation enhances trust by imposing strict standards on financial services firms operating in the UK.

Is Orbex Safe to Trade With?

Orbex maintains a secure trading environment under the regulatory oversight of CySEC and the FCA. Client funds are segregated from the broker’s own funds and held in reputable banks. The broker also offers negative balance protection to ensure clients do not lose more than their deposited funds.

Commission and Fees

Orbex offers a competitive commission and fee structure designed to be transparent and accessible to traders. The broker primarily operates on a spread-based model, where traders pay the difference between the bid and ask prices for each trade executed. Additionally, Orbex provides various account types with differing spreads and commissions to accommodate diverse trading strategies and preferences.

Commission and Fees Overview

  • Spread-Based Trading: Orbex operates primarily on a spread-based model, where traders pay the difference between the bid and ask prices for each trade executed. Spreads vary by account type and market conditions, aiming to remain competitive in the industry.
  • Account Types: Orbex offers various account types, such as Standard, Premium, and VIP accounts, each with different spreads and trading conditions. Higher-tier accounts may have tighter spreads and lower trading costs, catering to more active or institutional traders.
  • Additional Fees: Traders should be aware of potential overnight financing charges (swap rates) for holding positions overnight, which vary depending on the asset class and prevailing market interest rates. Orbex provides detailed information on all fees and charges on its website for transparency.
  • Transparency: Orbex maintains transparency in its fee structure, ensuring that traders have access to comprehensive information about spreads, commissions, and other relevant charges. This transparency allows traders to calculate their trading costs accurately and make informed decisions.

Deposit & Withdrawal Options

Orbex provides a comprehensive range of deposit and withdrawal options to accommodate its global clientele. Traders can fund their accounts and withdraw profits using various methods, including bank transfers, credit/debit cards, and electronic payment systems. This variety ensures flexibility and convenience, allowing traders to select the method that best suits their needs and location.

Bank Transfers: Orbex supports both local and international bank transfers, enabling traders to deposit and withdraw funds directly from their bank accounts. While bank transfers may take longer to process compared to other methods, they are a reliable option for larger transactions and international transfers.

Credit/Debit Cards: Traders can use major credit and debit cards, such as Visa and Mastercard, to fund their Orbex accounts instantly. This option is convenient for smaller deposits and provides quick access to trading funds.

Electronic Payment Systems: Orbex supports various electronic payment systems, including Skrill, Neteller, and FasaPay. These e-payment options offer instant deposits and withdrawals, making them ideal for traders who prioritize speed and efficiency.

Cryptocurrency Deposits: Additionally, Orbex accepts cryptocurrency deposits, allowing traders to fund their accounts using popular cryptocurrencies like Bitcoin and Ethereum. This option appeals to traders who prefer the security and anonymity of blockchain transactions.

Low Fees and Fast Processing: Orbex aims to provide cost-effective deposit and withdrawal solutions with minimal fees and fast processing times. However, traders should review the specific fees and processing times associated with each payment method, as they may vary depending on the chosen option and the trader’s location.

In summary, Orbex’s wide range of deposit and withdrawal options, coupled with its commitment to low fees and fast processing times, ensures a seamless and convenient experience for traders worldwide.

Tradable Instruments

Orbex offers a diverse range of tradable instruments across multiple asset classes to meet the needs of traders with varying strategies and preferences. These include:

Forex (FX) Pairs: Traders can access a wide range of major, minor, and exotic currency pairs, allowing participation in the global forex market with competitive spreads and fast execution.

Commodities: Orbex provides a selection of popular commodities such as gold, silver, crude oil, natural gas, and other metals and energies. This allows traders to diversify their portfolios and hedge against inflation or geopolitical risks.

Indices: Trading is available on major stock indices from around the world, including the S&P 500, NASDAQ, FTSE 100, DAX 30, and Nikkei 225. This enables speculation on the performance of global equity markets.

Shares (Stocks): Traders can access a broad range of individual stocks from leading companies listed on major stock exchanges. This allows them to trade shares of companies they are familiar with or believe have growth potential.

Cryptocurrencies: Popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and more are available for trading, providing exposure to the emerging asset class of digital currencies.

Bonds: Orbex offers trading in government and corporate bonds, allowing traders to invest in fixed-income securities and diversify their portfolios with relatively low-risk assets.

Futures: Traders can access futures contracts on various underlying assets, including commodities, indices, and currencies. This provides opportunities for speculative trading and hedging against future price movements.

Contracts for Difference (CFDs): Orbex also offers CFDs across all the aforementioned asset classes. This enables traders to speculate on price movements without owning the underlying assets.

Overall, Orbex provides a comprehensive selection of tradable instruments, catering to the diverse needs and preferences of traders across different markets and asset classes.

What are Bonds?

Bonds are fixed-income securities that represent a loan made by an investor to a borrower, typically a corporation or government. When you purchase a bond, you are essentially lending money to the issuer in exchange for periodic interest payments, known as coupon payments, and the return of the bond’s face value (principal) at maturity.

What Can You Trade with Orbex?

Asset ClassTradables
Forex MajorEUR/USD, GBP/USD, USD/JPY
Forex MinorEUR/CHF, CAD/JPY, GBP/AUD
IndicesDAX 30, Hong Kong 50, US Tech 100
CryptocurrenciesBitcoin, Litecoin, Ethereum
CommoditiesGold, WTI Crude Oil, Silver
SharesApple, Tesla, Amazon

Account Types

Orbex offers several account types tailored to different trading needs:

  • Fixed Spread Account: Suitable for beginners, with fixed spreads and no commissions.
  • Starter Account: Ideal for intermediate traders, offering variable spreads with no commission.
  • Premium Account: Designed for more experienced traders, offering tighter spreads and a small commission per trade.
  • Ultimate Account: Designed for high-volume traders, offering the lowest spreads and commissions.
  • Islamic Account: Sharia-compliant trading with no interest or swap charges.

Registration and Account Opening

Opening an account with Orbex is a straightforward process:

  1. Visit the Orbex website and click “Open Account.”
  2. Complete the online registration form with personal details.
  3. Verify your email address and phone number.
  4. Submit required identification documents for KYC verification.
  5. Fund your account using the preferred deposit method.

Restricted Countries

Orbex does not accept clients from several jurisdictions, including the United States, Canada, and Japan, due to regulatory restrictions.

Trading Platforms

Orbex offers a variety of trading platforms to cater to the diverse needs of traders. These platforms provide advanced features, user-friendly interfaces, and robust tools for a comprehensive trading experience. Here are the trading platforms offered by Orbex:

MetaTrader 4 (MT4): MetaTrader 4 is one of the most popular and widely used trading platforms globally. It is known for its advanced charting tools, automated trading capabilities, and a wide range of technical indicators.

MetaTrader 5 (MT5): MetaTrader 5 is the successor to MT4, offering additional features and improved performance. It provides enhanced trading tools, more timeframes, and advanced order management capabilities.

Orbex WebTrader: Orbex WebTrader is a browser-based trading platform that allows traders to access their accounts and trade directly from any web browser without the need for downloads or installations.

Orbex Mobile App: Orbex offers a dedicated mobile trading app for both iOS and Android devices, providing traders with the flexibility to trade on the go.

cTrader: cTrader is an advanced trading platform known for its intuitive interface, fast execution, and comprehensive trading tools. It is designed for both beginner and professional traders.

Orbex’s range of trading platforms ensures that traders of all levels can find a suitable platform that meets their specific trading needs and preferences.

Key Aspects of the Platform

MetaTrader 4 (MT4)

  • Advanced Charting Tools: MT4 provides comprehensive charting tools with multiple timeframes and a variety of technical indicators for detailed market analysis.
  • Automated Trading: Supports Expert Advisors (EAs) for automated trading strategies.
  • Multiple Order Types: Offers various order types including market, limit, stop, and trailing stop orders.
  • User-Friendly Interface: Intuitive and easy-to-navigate interface suitable for traders of all levels.
  • Mobile Trading: Available on iOS and Android for trading on the go.
  • Customizable: Allows for extensive customization of charts and trading strategies.

MetaTrader 5 (MT5)

  • Enhanced Charting Tools: More timeframes, additional technical indicators, and advanced charting capabilities compared to MT4.
  • Advanced Order Management: Includes more order types and market depth information.
  • Integrated Analysis Tools: Combines fundamental and technical analysis tools with an economic calendar and financial news.
  • Multi-Asset Trading: Supports trading across different asset classes from a single platform.
  • Mobile Trading: Apps available for iOS and Android with full trading functionality.
  • Improved Performance: Faster execution and improved platform stability.

Orbex WebTrader

  • Browser-Based Access: Trade directly from any web browser without the need for downloads.
  • Real-Time Quotes and Charts: Provides live market data and interactive charts.
  • One-Click Trading: Execute trades quickly with a single click.
  • Secure and User-Friendly: Secure platform with an intuitive interface.
  • Synchronization with MT4: Seamless integration with MT4 accounts for consistent trading experience.

Orbex Mobile App

  • Real-Time Market Data: Access live quotes and interactive charts on mobile devices.
  • Full Account Management: Manage trading accounts, monitor trades, and check balances on the go.
  • Secure Login: Supports biometric authentication for enhanced security.
  • Customizable Watchlists and Alerts: Track favorite instruments and receive instant notifications.
  • Instant Order Execution: Fast and reliable trade execution with comprehensive trading history.

cTrader

  • Direct Market Access (DMA): Transparent pricing with direct access to the market.
  • Advanced Charting and Analysis: Sophisticated charting tools, multiple indicators, and drawing tools.
  • Automated Trading with cAlgo: Create and run automated trading strategies using cAlgo.
  • Copy Trading with cTrader Copy: Follow and copy the trades of experienced traders.
  • User-Friendly Interface: Modern and customizable interface designed for a seamless trading experience.
  • Mobile Trading: Fully functional mobile apps for iOS and Android.

These key aspects highlight the robust features and capabilities of Orbex’s trading platforms, catering to the needs of both beginner and advanced traders.

Research and Education

Orbex is dedicated to providing traders with a robust set of research and educational resources to empower them at every stage of their trading journey. The platform offers a comprehensive range of tools, analysis, and educational materials designed to enrich traders’ knowledge and enhance their decision-making abilities.

Research

Traders on Orbex have access to a wealth of research resources, including:

  • Market Analysis: Daily and weekly market analysis reports covering major financial instruments.
  • Technical Analysis: In-depth technical analysis reports providing insights into price movements and trends.
  • Economic Calendar: A detailed calendar of upcoming economic events and their potential impact on the markets.
  • News Feed: Real-time news updates from leading financial news sources.

Education

Orbex offers a robust suite of educational resources aimed at helping traders of all skill levels:

  • Webinars: Regular webinars hosted by industry experts covering a variety of trading topics.
  • Tutorials: Video tutorials and step-by-step guides on using the trading platforms and implementing various trading strategies.
  • Ebooks: Comprehensive ebooks on forex and CFD trading, risk management, and market analysis.
  • Blog: Informative blog posts discussing market trends, trading strategies, and industry news.

FAQs

Is Orbex regulated?
Yes, Orbex is regulated by the Cyprus Securities and Exchange Commission (CySEC) and other regulatory bodies.

What trading platforms does Orbex offer?
Orbex offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.

What is the minimum deposit required to open an account with Orbex?
The minimum deposit required is $200.

Does Orbex offer a demo account?
Yes, Orbex offers a demo account for traders to practice and familiarize themselves with the platform.

What types of accounts are available at Orbex?
Orbex offers Fixed Spread, Starter, Premium, Ultimate, and Islamic accounts.

Customer Support

Orbex prioritizes customer satisfaction by offering comprehensive support services to assist traders with their inquiries, technical issues, and account-related queries. The broker provides various communication channels to ensure that traders can access assistance in their preferred method.

Live Chat: Orbex offers live chat support, allowing traders to connect with customer support representatives in real-time. Accessible through the Orbex website and trading platforms, the live chat feature provides prompt responses to questions and concerns, facilitating efficient issue resolution.

Email Support: Traders can reach out to Orbex customer support via email. The broker provides dedicated email addresses for different types of inquiries, including technical support, account verification, and general inquiries. The email support team aims to respond promptly and provide detailed assistance to traders’ concerns.

Phone Support: Orbex offers phone support during business hours, enabling traders to communicate directly with support agents. The phone numbers for Orbex customer support are available on the broker’s website, allowing traders to discuss their issues or questions in detail with knowledgeable support agents.

FAQs and Knowledge Base: Orbex maintains an extensive FAQ section and knowledge base on its website, covering various topics related to trading, account management, and platform features. Traders can find answers to common questions and solutions to issues by browsing through the FAQs and articles, facilitating self-help and troubleshooting.

Overall Impression

Orbex demonstrates a commitment to providing excellent customer support services to its clients. With multiple channels of communication, including live chat, email, and phone support, traders can access assistance conveniently. The prompt and effective customer support contribute to enhancing the overall trading experience, fostering trust and confidence in Orbex’s services.

Conclusion

Orbex stands out as a reliable and competitive broker in the forex and CFD trading industry. With a strong regulatory framework, competitive trading conditions, advanced platforms, and extensive educational resources, Orbex is well-suited for traders of all experience levels. Whether you are a beginner looking to start your trading journey or an experienced trader seeking advanced tools and tight spreads, Orbex offers a robust and secure trading environment.

Information and Features

Trading Features

Trading FeaturesDetails
🚫 OCO OrdersNo
✅ Offers HedgingYes
✅ Automated TradingYes
🚫 API TradingNo
✅ Guaranteed Stop LossYes
✅ Guaranteed Limit OrdersYes
✅ Guaranteed Fills / LiquidityYes
✅ Economic CalendarYes
✅ Trading From ChartYes
✅ One-Click TradingYes
✅ Expert AdvisorYes
✅ Social TradingYes
🚫 AutochartistNo
✅ Trading SignalsYes

Further Information

Further InformationDetails
🌐 Platform LanguagesEnglish, Arabic, French, German, Italian, Japanese, Polish, Portuguese, Russian, Spanish, Urdu
🕒 24 Hours SupportYes
🕒 Support During WeekendsYes
💬 Live ChatYes
📰 Daily Market CommentaryYes
📰 News (Top-Tier Sources)Yes
🚫 WebinarsNo
🚫 Deposit FeeNo
🚫 Withdrawal FeeNo
🚫 Inactivity FeeNo
🚫 Publicly TradedNo
🔢 Number Of EmployeesN/A
🚫 Restricted CountriesUnited States, Canada, Japan, North Korea, Iran, Belgium, Iraq, Sudan, Syria, Yemen
💰 CryptoBitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash
💼 ProductsForex, Commodities, Indices, Shares, Cryptocurrencies
🎮 Demo AccountYes
📞 Customer Support QualityGenerally rated highly by users for responsiveness and helpfulness.
📚 Educational ResourcesOffers a range of educational materials including tutorials, articles, and webinars.
📊 Research ToolsProvides comprehensive market analysis tools, including technical indicators and trading signals.
📱 Mobile TradingOffers mobile trading apps for iOS and Android with excellent performance and usability.
🔒 Security MeasuresImplements strong security protocols including SSL encryption and two-factor authentication.
🎉 Trading Contests/PromotionsOccasionally runs trading contests and promotional offers for clients.
🤝 Community and Social FeaturesProvides a social trading platform and community forums for traders to interact and share insights.
💻 Platform Stability and UptimeKnown for stable trading platforms with minimal downtime and interruptions.

Contact Information

Contact InformationDetails
📧 Emailsupport@orbex.com
📞 Phone+357 2558 8230 (Cyprus)
📱 WhatsApp+357 99 883 543
📱 Viber+357 99 883 543
💬 Live ChatAvailable on the Orbex website
🌐 Websitewww.orbex.com
🏢 Headquarters82nd Street, No 21, 2nd Floor, Office 201, Limassol, Cyprus