Orbex is an online retail forex broker that was established in 2010. They operate from Cyprus and Mauritius, offering online trading services in over 60 instruments, spread across forex, precious metals, energies, and equity indices, via the popular MetaTrader 4 platform. The broker offers quality trading conditions with competitive spreads, good execution speeds, minimal slippages, and up to 1:500 leverage, as well as provide clients with a good number of educational resources and advanced trading tools.
Orbex Review Introduction
In this Orbex review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Orbex.
Orbex Platforms & Tools
Orbex provides clients with the popular MetaTrader 4 (MT4) trading platform in two versions — MT4 Client Desktop and MT4 Mobile. The desktop version can be downloaded and installed on PCs and has a user-friendly interface with the full set of the MT4 features, including over 30 indicators, multiple charts, nine timeframes, one-click trading, trade management tools, and automation tools.
MT4 mobile trading apps are available for Android and iOS devices and can be downloaded from the relevant app stores. Though they may not have all the features as the desktop version, they have enough to enable you to access your account and trade on the go.
Apart from the tools in the MT4 platform, the broker provides additional helpful tools, such as the Orbex WebTV, Orbex Strategizer, Free VPS, Trading Central, Orbex Calculators, and Orbex Economic Calendar.
Orbex Research & Education
The broker provides a wide selection of educational materials on their website and blog, and they include beginner’s guide, forex courses, tutorials, free video courses, ebooks, and webinars.
Orbex Trading Accounts
Orbex offers multiple account types to suit different traders. The main account types include:
- Starter Account: a minimum deposit of $200, variable spread, and no commission
- Fixed Account: a minimum deposit of $500, no commission, and a fixed spread that may be increased during news releases
- Premium Account: a minimum deposit of $5,000, variable spread from 0 pips, and an $8 commission per lot
- Ultimate Account: a minimum deposit of $25,000, variable spread from 0 pips, and a $5 commission per lot
- Islamic Account: a swap-free account for Muslim clients with proof of religion
Orbex Account Funding
The broker accepts different payment methods for account funding and withdrawals. They include bank wire, credit/debit cards, and e-wallets, such as WebMoney, Skrill, Neteller, FasaPay, and K-NET. The processing time depends on the type of transaction doe and the payment method used.
Orbex Customer Service
Orbex has a dedicated multilingual customer support team that is available 24/5. They can be reached via live chat, email, online contact form, and phone.
The Orbex brokerage brand is operated by two arms of the Orbex Holding Limited — Orbex Limited and Orbex Global Limited. Orbex Limited, which is a registered Cypriot Investment Firm, serves EU clients and is regulated by the Cyprus Securities and Exchange Commission (CySEC). With their MiFID II passport, they are also registered with the relevant regulatory authorities in Spain and the UK.
Orbex Global Limited, which serves international clients, is registered in Mauritius and is regulated by the Mauritius Financial Service Commission (FSC).
Orbex Review Summary
Orbex is a retail forex broker that offers online trading services in over 68 tradable instruments via the MT4 platform. The broker provides clients with a range of advanced trading tools and educational materials.
It is worth mentioning that some of the trading products and services in this Orbex review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the Orbex broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.