Orbex Broker OverviewVerified broker

Orbex Broker Overview title=

This Trading Platform is available in Ukraine

4.4/5

Orbex generally receives positive feedback from users who appreciate its user-friendly platform and helpful customer support. Traders highlight the ease of opening accounts and the educational resources available, making it a good choice for both beginners and experienced traders. The broker's range of instruments and competitive spreads are often mentioned as key advantages. However, some users have expressed concerns over withdrawal times and fees, suggesting there's room for improvement in the processing speed. Overall, Orbex seems to be regarded as a reliable broker with a solid offering but could benefit from addressing the few issues raised by clients regarding withdrawals.

Min. deposit
$200
Website address
Demo account
Yes
Currency
EURUSD
Supported languages
AraBenBulChiCzeDutEngFilFreGerGreHinHunItaJpnKorMalPerPolPorPunRomRusSloSpaTamTelThaTurUrdVie
Active
Yes
Payment Methods
Bank WireCredit/Debit cardsFasaPayNetellerSkrillWebMoney
Pros
  • Regulated by CySEC
  • MT4 platform
  • Various account types
  • Educational resources
  • Negative balance protection
Cons
  • No MT5
  • Limited product portfolio
  • No clients from USA
  • Canada
  • and some other countries
Awards
Best Forex Broker 2020, Best Forex Education Provider 2020
Bonus
No
Instruments
CommoditiesEnergiesForexIndicesPrecious Metals
Min. trade price
Varies by asset
Regulated By
CySEC
MetaTrader 4
Yes
MetaTrader 5
No
cTrader
No
OmniTrader
No
AlgoTrader
No
TradingView
No
Trading Central
Yes
Autochartist
Yes
eSignal
No
STP Account
No
ECN Account
No
DMA Account
No
MAM Account
Yes
PAMM Account
No
LAMM Account
No
Demat Account
No
Mobile Apps
Yes
Margin Trading
Yes
Volatility Index
No
Spot Trading
No
Perpetual Swaps
No
ELWs
No
REITs
No
AI / Machine Learning
No
Robo Advisor
No
P2P Trading
No
Negative Balance Protection
Yes
VPS Hosting
Yes
Tournaments
No
Demo Competitions
No
Managed Accounts
No
Market Maker
No
Auto Trading
Yes
Social Trading
No
Copy Trading
No
Trade Signals
Yes
Islamic Account
No
Inactivity Fee
Yes
Guaranteed Stop Loss
No
Stock Exchanges
No
Commodities
Yes
Forex Trading
Yes
Forex GBPUSD Spread
0.8 pips
Forex EURUSD Spread
0.6 pips
Forex EURGBP Spread
0.9 pips
Forex Assets
50+
Crypto Spread
Varies by asset
Crypto Lending
No
Crypto Staking
No
Crypto Mining
No
Crypto Auto Market Maker
No
Crypto Coins
No
Binary Options
No
Payout Percent
N/A
Expiry Times
N/A
Ladder Options
No
Boundary Options
No
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* The amount that will be credited to the account in the case of a successful deal

* General Risk Warning: Your capital might be at risk

Trustpilot Real Time Reviews

Star

The Trustpilot rating is 4.4,
according to 39 reviews

4.5 Stars
Samir Amine
Samir Amine
stars
ma
Orbex is a wonderful platform in all aspects. It has an important advantage, which is that it offers recorded lessons and live coverage of American economic data, which gives customers an idea of the most important economic developments. They also have a wonderful team of trainers, especially mentioning: Mr. Asim Mansour Mr. Ibrahim Ekorima Mr. Hudhaifa Abbas I extend my thanks to all these professors for the good training they provided, which I benefited from. Through you, I learned how to manage capital and how to develop a successful strategy for transactions, which gave me great motivation to continue on the path of trading after feeling failure, in addition to the fact that the withdrawal and deposit service is very fast. Full thanks to the Orbex team. We benefited from the expertise of the trainers. The company is excellent

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ABDELALI EL HAFID
ABDELALI EL HAFID
stars
fr
I want to express my deep gratitude to the entire Orbex team, especially Mr. Brahim Korima, for their exceptional commitment to helping us improve our trading skills. The training provided by Orbex has been truly enriching, offering in-depth knowledge and valuable insights into the world of trading. Mr. Brahim Korima has proven to be an outstanding guide, sharing his expertise in a clear and accessible manner. His passion for trading is palpable, and it is reflected in the quality of the training he provides. Orbex's commitment to its clients is evident, and I feel genuinely supported in my journey to enhance my trading skills. I highly recommend Orbex to anyone looking to deepen their knowledge and progress in the world of trading. A big thank you to Orbex and Mr. Brahim Korima for their exceptional dedication!

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Mohamed Saif Salim Al Wahaibi
Mohamed Saif Salim Al Wahaibi
stars
om
Very nice Spread and customer service is amazing from all aspects

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Tamer Jodar
Tamer Jodar
stars
ma
I sincerely regard this company as the most exceptional one I've encountered, and I am confident that my future will significantly improve alongside its outstanding professionals. My gratitude towards this organization knows no bounds, and I extend my best wishes for continued success to both the dedicated individuals currently contributing to its success and the visionary minds who laid its foundation.

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ISSAM SARIJI
ISSAM SARIJI
stars
ma
is good experience top broker forex

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Mohamed Aly
Mohamed Aly
stars
eg
It's been three months since I used the Orbex platform, quite frankly. I couldn't find better than friendly customer service and various deposit methods, including the Tron network. I personally trust you and do not think about changing this platform at all. Thanks Orbex

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Content

With offices in Mauritius, Seychelles, and Cypress, the forex broker Orbex has been in operation since 2011. Orbex offers more than 300 trading instruments related to currencies, stocks, crypto, and commodities. It also offers negative account balance protection.Orbex Broker Overview

Orbex is regulated in three jurisdictions and services clients around the world. It doesn’t provide services to residents of the USA, Iran, North Korea, Indonesia, Mauritius, or Romania. Reviews on TrustPilot are middling, with the company getting an average score of 3.4 out of 5.

The company offers high leverage – up to 500:1 – and welcomes traders using any strategy, including scalpers, hedgers, and algorithmic traders. Let’s dig into the pros and cons of this broker so you can see if this broker is right for you.

Orbex Trading Terms and Product Offerings

Orbex offers more than 300 trading products including forex, cryptocurrencies, commodities, stocks, and indices.

Orbex offers up to 500:1 leverage and has three different types of trading accounts. The minimum deposit required for opening an account is $100 with the Starter account, which has no commissions on trades. Accounts that offer smaller spreads, but which charge a commission, require a larger deposit.

offer smaller spreads

The Starter account is best for those starting out. Other than a lack of private training sessions, it includes all the perks of the other accounts. The key difference is the spreads. The cost of the trade is factored into the spread. Spreads are larger on the Starter account, which is why the company doesn’t charge a commission.

The Premium and Ultimate accounts have much lower spreads, but you will pay $8 per round turn per contract (“round turn” includes your entry and exit fee) with a Premium account and $5 per round turn per contract on the Ultimate account. The Premium requires a $500 minimum deposit whereas Ultimate is a $25,000 minimum deposit.

The main benefit of the Ultimate over the Premium is two additional one-on-one consultations and lower commissions. Other than that, the accounts are very similar, offering the same spreads and no dealing desk (NDD) execution.

NDD is preferred by most traders because it means the broker isn’t taking the other side of your trade (thus creating a conflict of interest). Rather, they execute your order against another market participant. Islamic accounts, also called swap-free accounts, are offered as well. Here are the financial instruments you can trade, all via contracts for difference (CFD):

  • 44 forex pairs
  • 10 indices, including the S&P 500, UK 100, and Nasdaq 100
  • 12 commodities, including gold, silver, and oil
  • 200+ stocks from the US, UK, and EU
  • 11 cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ripple and more
  • 8 futures contracts (indices futures) including the German, Australia, Spain, and France indices

The following are spreads you can expect to see on various account types.

Asset Starter Account

Spread (starting at)

Premium & Ultimate Accounts

Spread (starting at)

EURUSD 1.5 pips 0.0 pips
GBP/USD 1.6 pips 0.0 pips
USD/CAD 2.1 pips 0.0 pips
USD/JPY 2.1 pips 0.0 pips
Silver 3 2
Gold 3.5 3
S&P 500 3 0.8

Orbex (just like Forex4you) does not offer binary options trading.

Further reading

Orbex Markets Trading Platforms

Orbex offers the commonly used MetaTrader 4, the most popular trading platform for forex trading.

MetaTrader 4 is produced by Meta Quotes. Many brokers offer it due to its popularity among traders. Its easy-to-use interface and array of features make it an attractive trading platform. MT4 is available for PC and MAC, as well as an Android app.

MT4 is available

MT4 on Orbex comes equipped with 1-click trading ability which allows you to place trades quickly. It has 30 indicators available, but you can download additional indicators in the marketplace. It has its own programming language, allowing you to create your trading indicators or trading robots, or you can download other people’s indicators or robots.

Overall, MT4 is a relatively simple program offering traders what they need: the ability to place entries, stop losses, and profit targets. The three primary orders for managing trades.

Further reading

Orbex Funding and Withdrawal Options

Orbex does not charge fees on deposits or withdrawals. However, depending on the payment method selected, the payment provider may charge a fee.

Orbex Funding and Withdrawal Options

Here are the ways you can deposit to and withdraw from your Orbex account, along with the type of currencies you can deposit or withdraw through that payment processor.

Most deposits are instant, depending on the speed of the payment provider. Withdrawals are processed within 24 hours during the week. Bank wires may take 3-5 days for the deposit to reach Orbex or for the withdrawal to reach your bank account.

Credit and debit cards USD PLN EUR GBP
ENet USD KWD
Neteller USD PLN EUR GBP
Skrill USD PLN EUR GBP
Union Pay USD CNY
Wire Transfer USD EUR GBP AED KWD
FasaPay USD IDR
Poli USD GBP EUR
Knet KWD
Crypto USDT

For processing times on deposits, check with each payment provider.

Orbex Promotions and Deposit Bonuses

Orbex is not currently advertising any deposit bonuses, but it does offer free VPS and no-fee deposit and withdrawals. A deposit bonus is when the company allows you to trade with more capital than what you deposited into the account. Orbex does not currently offer a deposit bonus.

That said, the company does offer free Virtual Private Servers (VPS). A VPS is another computer that hosts your trading account so that it is less likely to be impacted by things like power outages or viruses. A VPS also generally offers faster execution speed than trading off your own computer.

Algorithmic traders typically prefer to use a VPS. For traders placing trades manually, which is most retail traders, it is not required.

Further reading

Are my funds secure with Orbex?

Orbex keeps clients’ funds in separate accounts. This is important for maintaining the security of your funds.

Reputable brokers offer segregated accounts. This means your funds are held in trust, separate from the broker’s own funds.

brokers offer segregated accounts

Also long as your funds are in a segregated account, even if the broker goes bankrupt, your funds are safe. Segregated funds are a key thing that experienced traders look for in a broker, along with being regulated.

Orbex also offers negative balance protection. This means that your account balance can’t go below zero – and if it does, you are not responsible for the debt. This is an appealing feature since losing more than what you have in the account is a possibility when trading on leverage.

Orbex is also part of the Investors Compensation Fund (ICF) which is offered by the Cyprus Securities and Exchange Commission (CySec). This provides compensation to investors, up to €20,000, in the event of an ICF broker ICF going bankrupt.

Further reading

Is Orbex Markets Regulated?

Regulated brokers are the choice of experienced traders. Orbex is regulated in three jurisdictions.

Orbex Global Limited is regulated by the Mauritius Financial Services Commission (FSC). Orbex Limited is regulated by the Seychelles Financial Services Authority (FSA) and the Cyprus Securities and Exchange Commission (Cysec).

Is Orbex Markets Regulated?

getting scammed

To avoid getting scammed, it’s best to trade with a regulated broker. If the broker is regulated in more than one location, that is a good sign for its reputability.

To be regulated, a broker must adhere to local laws and meet certain financial requirements. This helps ensure the safety of trader’s funds. Many other forex brokers are regulated by either the FCA, CySEC, FSC and FSA, these include BDSwiss and FxPro.

Further reading

How Do I Contact Orbex Support?

You can contact Orbex support 24 hours a day, five days a week. The broker has a knowledgeable and responsive customer service team.

Here are the phone numbers for Orbex if you want to speak to a live agent:

Mauritius office: +442035198140

Seychelles office: +442036565401

You can also send them an email. Expect a response within 24 hours.

Support: [email protected] (general inquiries)

Dealing Desk: [email protected] (trade issues or questions)

Complaints: [email protected] (voice a problem)
Finance: [email protected] (deposit and withdrawal issues)

Turkish: [email protected]

Arabic: [email protected]

Cyprus: [email protected]

contact us page

You can also send them a message from their contact us page. Before contacting support, view the Help Centre which includes answers to questions on getting started, payment methods, MT4, trading, VPS service, and more. Support is available in English, Turkish, and Arabic. Other languages may also be available upon request but are not advertised.

Further reading

FAQs

How long does it take to withdraw from Orbex?

Withdrawals are typically processed within 24 hours during the week. If a withdrawal is made on the weekend, it will be processed on Monday. How long it takes for the money to get to your bank account depends on the speed of the payment processor. Many withdrawal methods are instant, but wires can take three to five days.

What is the commission on Orbex?

There is no commission on Starter accounts, but spreads are larger. Premium accounts charge $4 per contract, or $8 per round-trip trade, and spreads are smaller than the Starter account. The Ultimate account has the same spreads as the Premium account, but commissions are $2.50 per contract, or $5 per round-turn trade.

Does Orbex accept US clients?

Orbex does not accept US clients. If you are looking for another broker that accepts US clients, see Oanda.

Does Orbex accept Canadian clients?

Orbex does accept Canadian clients. For comparison, you can check out FXCM, another forex broker that accepts Canadian clients.

Is Orbex a scam?

Orbex is not a scam. It has been in business since 2011 and is regulated in two jurisdictions. That said, its TrustPilot rating is mediocre with a rating of 3.4.

How to change your time zone as an Orbex trader?

Orbex only offers MetaTrader 4. You can’t change the time zone of your charts in MT4. The time zone is set to that of the broker’s location.

Final Thoughts on Orbex as a Broker

Orbex is a decent broker choice for people living outside of the USA. Spreads are relatively high on the Starter account, but spreads starting at 0 pips and commissions of $2.5 to $4 per contract are competitive compared to many other brokers.

The only trading platform offered is MT4. Many other brokers offer additional choices such as MT5 or their own trading platform, but MT4 is adequate for trading. Orbex is regulated in two locations and has a Trustpilot rating of 3.4.

If you are looking for a forex or CFD broker, Orbex is a decent choice. IC Markets, JustForex, XM, CMC Markets, and Alpari are other quality choices to compare, so check out our reviews of those brokers to see how Orbex stacks up. You can check out more Forex Broker Reviews here.

It is one of the best international brokers. Different types of assets, convenient and reliable platform, favorable trading conditions. Want to know more? Click here.
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