Orbex’s motto is, “Your success is our legacy,” and, judging from what it offers, it really tries to make good on that promise. There are a lot of reasons to trade at Orbex, first and foremost of which is its great trading conditions. At Orbex, you can trade 300+ trading instruments with an average order execution speed of 0.03 seconds.
Spreads start at 0.0 pips, and you can even access negative balance protection to ensure you’re never in the “red.” Orbex has had years of experience in the market, during which it has won many awards, including:
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“Best Customer Experience MENA 2023 Award” Global Business Review Magazine (2023)
“Most Transparent Forex Broker, 2023 Award” – Fintech & Crypto Summit (2023) -
“Best FX Educational Broker MENA, 2022 Award” – Forex Expo Dubai (2022)
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“Best FX Research & Education Provider, 2022 Award” – World Finance Magazine (2022)
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“Decade of Excellence, 2021 Award” – Global Banking & Finance Review (2021)
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“Best Trading Execution 2021” – Dubai Forex Expo (2021)
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“Best Trading Conditions 2020” -Dubai Forex Expo (2020)
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“Best Forex Broker 2020” – Global Banking & Finance Review Magazine (2020)
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“Best Forex Broker in 2019” – Global Business Outlook (2019)
In addition to its Investing.com profile, Orbex has also been featured in major media publications like Bloomberg, Nasdaq, CNBC, Reuters, MarketWatch, Yahoo! Finance, and FXStreet. Read through this review to find out more about Orbex’s markets, technology, and dedication to its customers.
Pros and Cons
Pros
- Orbex has many comprehensive research and educational materials
- Average Execution speed is 0.03 seconds.
- Scalping and hedging are permitted.
- Several account types are offered.
- Orbex has an award-winning track record (see above).
Cons
- Orbex does not offer its services to residents of certain jurisdictions such as the USA, Iran, North Korea, Indonesia, Mauritius, and Romania.
- The inactivity fees are somewhat high (20EUR/USD/GBP/PLN per month).
Recommended For
There are a lot of different levels of traders out there. Some people are total novices who have barely a grip on basic definitions, while others are extremely experienced and require little-to-no help from their brokerage. If you find yourself in or around the former category, you’re in luck with Orbex.
Orbex has an entire educational hub that covers a wide range of topics, including Macroeconomics, Technical Analysis, informational videos, and more. You can also access educational webinars and seminars, as well as a glossary with terms and definitions commonly seen in the trading industry. The articles within Orbex’s educational hub can be sorted by popularity, so you can see what your fellow traders are finding valuable at the moment.
Forex Education At Orbex
For those who trade forex and want extra education on the subject, Orbex offers a Forex Educational Hub that features “award-winning market research” and educational content. This Hub is both comprehensive and tailored to all experience levels, with resources like a question and answer portal, quiz, calculator, articles, an economic calendar, videos, webinars, eBooks, and a glossary.
We recommend Orbex to all traders, no matter their experience level. The platforms Orbex offers are high-tech enough to suit super-experienced traders, while those in need of extra assistance can benefit from the many tools and resources on Orbex’s website. As far as education goes, Orbex gets top marks from us.
Regulated By
- Financial Services Commission (Mauritius)
- Seychelles Financial Services Authority (FSA) – 8429881-1
Top Features
Mobile App: From simple transfers to daily withdrawals, live support and up-to-the-minute market analysis, Orbex’s proprietary mobile app for Android and iOS helps you manage your trading accounts and wallets on the go. The Orbex app offers the same intuitive experience as the MyOrbex desktop dashboard version enabling new users to sign up, submit their KYC, fund their wallets, and activate their trading accounts. The app is available in English and Arabic and offers users:
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An intuitive sign up and account registration process
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KYC verification, data security, and Face ID login
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Ability to create new Trading Accounts and Orbex Wallets in multiple currencies
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Account funding, transfers, and withdrawals with $0 fees
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Round the clock access to Orbex’s daily market research and analysis
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24/5 expert multilingual support via the application’s live chat
Orbex Card: Orbex traders can enjoy instant access to transfer, pay, and withdraw directly from their Orbex wallet using the Orbex Prepaid Card and Orbex Card app. Designed to give traders greater flexibility when it comes to accessing and managing their trading funds, Orbex’s Prepaid Card service is available to clients in the Gulf Region (including Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates), as well as for all clients residing in Palestine, Jordan, and Egypt.
Orbex clients with a funded Orbex account can request to issue their own Orbex Maestro Prepaid Card in their myorbexarea dashboard and have it shipped to them within a few days. Paired with the Orbex Card app, which is available to download on any iOS or Android mobile device, the Orbex Prepaid Card gives its users the ability to pay online or in-stores, make international transfers, and even withdraw their trading funds and any profits in cash at any ATM around the world.
Some of the capabilities of the Orbex Prepaid Card include:
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Cash withdrawals at any ATM around the world
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Instant transfers to and from the client’s Orbex card
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Online or in-store payments with the Orbex physical card or using Apple Pay and Google Pay
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Instant deposits to Orbex trading accounts or wallets using the Orbex prepaid card via the MyOrbex dashboard
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Easy top-ups and quick deposits to the client’s trading accounts via the Orbex Card app
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Bank transfers to the client’s personal account or to other recipients
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Live Education & Analysis. As discussed above, Orbex offers a wide range of webinars, seminars, glossaries, analytical tools, and more to its clients. This broker is a top-performer when it comes to educational resources.
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Low Trading Costs from $0. At Orbex, you can lower your out-of-pocket trading costs with $0 fees, spreads starting at 0.0 pips, and $0 commissions on more than 200 U.S. stocks.
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Advanced Tools & Platforms. Trade on MetaTrader 4, which is widely-known as one of the best platforms in the industry. On the MT4, you can access an average execution speed of 0.03 seconds supported by Orbex’s FIX API environment. This means that you won’t miss an order, you will always get the lowest possible slippage, and you can also use Orbex’s wide range of exclusive trading tools and charts to help you trade.
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24/5 Expert Support. Orbex’s multilingual support team is available to help 24 hours a day, 5 days a week.
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Fast Deposits & Withdrawals. With this broker, you can deposit using your preferred method, start trading, and enjoy same-day credit card withdrawals.
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Negative Balance Protection. Traders won’t be put in the red at Orbex, thanks to its Negative Balance Protection, which stops trades from going through when your balance is too low.
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Long-Standing History. It’s usually a good sign when a broker has more than a decade in the industry. Orbex was founded in 2011, and it recently received a “Decade of Excellence” Award in 2021 by the Global Banking & Finance Review.
Overview
- Type of Broker CFD Brokers, Forex Brokers
- Regulation & Licensing Financial Services Commission (Mauritius), Seychelles Financial Services Authority (FSA) – 8429881-1
- Clients Accepted from 70 Countries
- Assets Offered 300+ (Foreign Exchange (FX), Commodities, Indices, Shares/Stocks, Futures/Forwards, CFDs, Cryptocurrency)
- Platforms Available Desktop, Mobile
- Mobile Compatibility iOS, Android
- Payment Types Accepted Credit/Debit Card, Bank Wire Transfer, Skrill, Neteller, Moneybookers, FasaPay
Account Types
Starter |
Premium |
Ultimate |
|
Features |
Free Webinars, Free Educational Tools (Trading Central), NDD Execution Type |
Access to Exclusive Webinars, 1 x (1 on 1) Training Sessions, Access to Advanced Education, NDD Execution Type |
Access to Exclusive Webinars, 3 x (1 on 1) Training Sessions, Access to Advanced Education, NDD Execution |
Account Currencies |
USD, EUR, GBP, PLN (PAMM Accounts are only available in USD) |
USD, EUR, GBP, PLN (PAMM Accounts are only available in USD) |
USD, EUR, GBP, PLN (PAMM Accounts are only available in USD) |
Available Leverage |
Up to 1:500 |
Up to 1:500 |
Up to 1:500 |
Minimum Deposit |
$100 |
$500 |
$25,000 |
Commission Per Trade |
$0 |
$8 |
$5 |
Decimal Pricing |
Up to 5 |
Up to 5 |
Up to 5 |
Trading Instruments |
70 Currency Pairs, 12 Commodities, 300 Stocks, 15 Indices, 11 Cryptocurrencies |
70 Currency Pairs, 12 Commodities, 300 Stocks, 15 Indices, 11 Cryptocurrencies |
70 Currency Pairs, 12 Commodities, 300 Stocks, 15 Indices, 11 Cryptocurrencies |
Min. Lot Size Per Trade |
0.01 |
0.01 |
0.01 |
Spreads |
Variable |
From 0.0 |
From 0.0 |
Demo Account |
Yes |
Yes |
Yes |
Swap/Rollover Free |
Yes |
Yes |
Yes |
Trading Platforms
- MT4
- Mobile App (iOS, Android)
Trading and Investment Tools
- One Click Trading Yes
- Trade off Charts Yes
- Email Alerts Yes
- Mobile Alerts Yes
- Stop Order Yes
- Market Order Yes
- Trailing Stop Order Yes
- OCO Orders No
- Limit Order Yes
- 24hr Trading No
- Charting Package Yes
- Streaming News Feed Yes
Compliance & Regulation
Orbex is regulated by and adheres to the laws of several bodies, including the Financial Services Commission (Mauritius), and the Seychelles Financial Services Authority (FSA).
Fees & Commissions
- Rollover Fee Depends On Asset
- Margin Interest https://support.orbex.com/hc/en-us/articles/4408120157841-Margin-Requirements
Pricing
Orbex tries to be as transparent as possible when it comes to its fees and charges. To open a starter account, you’ll have to deposit $100. Higher-tier accounts cost more, with the Premium account requiring a deposit of $500 and the Ultimate account requiring a deposit of $25,000. According to Orbex, it offers features designed to enhance your trading experience while potentially lowering out-of-pocket costs. These features include:
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No Dealing Desk Execution (NDD)
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No Requotes
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Minimal Slippage
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Low Spreads
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Tier-1 Bank Liquidity
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0.03s Average Order Execution Speed
If you want to access a full, comprehensive list of all of the different accounts’ commissions, spreads, and fees, go to https://www.orbex.com/en/spreads-swaps-commissions. The pricing charts are organized by both account type and asset class (Major Currencies, Crosses, Exotics, Spot Metals, Cash Indices, and Energies Spread), and you can search the instrument you are looking for in the bar above the chart.
Service Details
- Supported Languages English, فارسی, ITALIANO, POLSKI, 中文(简体), বাংলা, العربية, বাংলা, DEUTSCH, ESPAÑOL (ESPAÑA), فارسی, ITALIANO, POLSKI, 中文(简体), (English, Arabic, Bangla, German, Spanish, Farsi, Italian, Polish, Chinese)
- Customer Service By Orbex
- Customer Service Hours 24/5
- Email Response Time Same Day (Generally)
- Telephone Orders Yes
- Personal Account Manager Yes
Reliability & Security
In addition to being regulated by several different organizations (see above) and offering Negative Balance Protection, Orbex takes safety seriously by providing secure data encryption and a free Virtual Private Server (VPS).
As far as reliability goes, the platform that Orbex offers is widely-considered to be one of the best in the industry. MetaTrader 4 is award-winning, allowing traders to trade indices, commodities, futures, and stock CFDs with precision and speed. Other highlights of MT4 include its:
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Algorithmic trading
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Wide range of technical indicators
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Useful on multiple platforms
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Custom-made EAs
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9 timeframes
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4 pending order types
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Customizable charts
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One-click trading
These are just some of the great features MT4 has to offer, but, bottom line, it’s a great, reliable platform. As far as security and reliability go, Orbex is top-notch.
User Experience
When you look online to find customer reviews about Orbex (usually presented as an out-of-five-stars rating), you’ll see that Orbex scores highly amongst its clients. Here are several other ratings we found:
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DailyForex: 4/5
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FXEmpire: 4.2/5
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Elite CurrenSea: 4/5
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TopBrokers.com: 2.4/5
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SAShares.co: 4.8/5
You’ll have to sign up yourself to get the full experience and make your own judgments, but it seems as though users have had a good experience with this broker, giving Orbex particularly high scores for its MT4 platform, low fees, fast execution speed, and quick withdrawals and deposits.
Final Thoughts
Overall, Orbex has a strong presence in the industry. This award-winning broker is particularly noted for its great trading conditions and strong platform. Traders of all experience levels can sign up, as even total newbies will appreciate the comprehensive educational tools this broker has to offer.
Contact Info
Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.
FAQs
Q: Where can I view Orbex’s legal documents?
A: You can access Orbex’s legal documents at this link: https://www.orbex.com/en/downloads.
Q: Who cannot trade with Orbex?
A: This broker does not offer its services to restricted countries, including Iran, North Korea, Mauritius, Romania, Indonesia, and the U.S.A. For more information, go to: https://www.orbex.com/en/disclaimer.
Q: Where can I find information about market holidays?
A: You can find information about market holidays at this link: https://www.orbex.com/en/market-holidays.