Orbex Review

Orbex Logo

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 - Broker Features
Orbex Review – Broker Features

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.

Orbex Review - MT4 Desktop
Orbex Review – MT4 Desktop

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.

Orbex Review - MT4 Android
Orbex Review – MT4 Android

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 Review - Trading Central-Analysis
Orbex Review – Trading Central-Analysis

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 Review - WebTV
Orbex Review – WebTV

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.

Orbex Regulation

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.

Orbex

6.9

Spreads

6.5/10

Liquidity

6.5/10

Commissions

6.5/10

Support

7.0/10

Regulation

8.0/10

Features

  • The popular MT4 trading platform
  • A selection of useful trading tools
  • Several educational resources