A High-Quality ECN Forex Broker  – Learn More In This Orbex Review

Orbex is a Forex trading company with a strong European presence and an office in Cyprus. Orbex is certainly a high-end forex broker that concentrates its efforts on catering to a niche set of clients, along with the availability of a few smaller account packages that may be suitable for retail traders. Orbex is home to some of the most amazing trading advantages such as free access to VPS, Trading Central subscription, and access to leading third-party market analytics tools such as Trading Central and Strategizer. These trading tools may be able to offer an edge to seasoned traders, which should help in long-term profitability.

What Are The Different Financial Instruments & Orbex Trading Platforms

Orbex clients can access a wide range of financial markets in different asset classes. This includes forex, cash indices, precious metals, energies and stock CFDs. All of these can be traded through the excellent MT4 trading terminal. One of the advantages of offering the MT4 trading platform is the scalability aspect, which ensures that all types of traders can access their trading accounts through a varied choice of trading platforms. Desktop traders can download the MT4 terminal for both Windows, as well as Mac OS, while mobile traders can download the Orbex mobile apps for iOS, Android, Windows, and Blackberry operating systems. Orbex offers comprehensive support for smartphones and tablets, which are further complemented by the MT4 WebTrader that allows traders to access the markets on the move through any supported web browser.

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Contact Info

  • Website: www.orbex.com
  • Support: +357 25588855
  • Headquarters:
  • 82nd Street, No.6, Ground Floor,
  • 4153 Kato Polemidia,
  • Limassol, Cyprus Office

Orbex Payment Options & The Regulatory Protection Available For Trader Funds

Payment options seem to be one of the most important points of conversation among retail traders, as it is often difficult to ensure safe, secure, and speedy deposits or withdrawals through conventional payment options. In fact, a majority of Forex brokers usually prefer the Bank Wire transfer as a viable option due to various Anti-Money Laundering laws and KYC norms. Nevertheless, modern Forex brokers are shifting towards an increasingly transparent online platform that follows new payment options such as Skrill, Neteller, credit/debit cards, and other e-wallets. Orbex also accepts these payment options, along with other popular choices such as WebMoney, Fasapay, and Knet.

The success of a trader’s Forex account not only depends on his/her ability to enjoy consistent profits, but it also depends on whether traders can withdraw their funds in a timely fashion. The reliability of a broker plays a vital role in determining the long-term profitability of a trader, especially when it comes to withdrawing funds and the safety of the trading capital against broker abuse.

Orbex Limited is regulated according to the best regulatory standards of the CySEC, while Orbex Global Ltd. is regulated by the Mauritius Financial Services Commission (FSC). The Cyprus Securities and Exchange Commission (CySEC) works with other European regulatory organizations under the European Economic Area (EEA) agreement to create new rules and updated guidelines that have led to the formation of the Markets in Financial Instruments Derivatives (MiFID). Due to the new laws passed down by the CySEC and the ECB on FX broker regulation, Orbex is required to have at least €1 million in operating capital, which should be supported by a sound financial auditing standard and transparent financial history. Obex may face a suspension of its CySEC license or other significant penalties for non-compliance with the laws and regulations passed down from the EU and the CySEC. To promote further confidence among investors, Orbex also protects its customers against internal bankruptcy or insolvency procedures through the Investor Compensation Fund (ICF). The ICF is a popular European compensation scheme that protects traders for their trading capital of up to €20,000. Hence, investing your capital with Orbex is a relatively safe bet, particularly due to the regulatory protection offered by the CySEC and the European MiFID.

What Are The Orbex Account Trading Conditions & Account Specifications?

Orbex offers you four different ECN retail accounts; Fixed, Starter, Premium, and Ultimate. Below you can find an overview of each:

In addition to the features listed above, Orbex clients can also take advantage of:

FAQs

Is Orbex a regulated broker?

Yes, Orbex is a well-regulated broker. They hold a license from CySEC which enables them to operate in the European Economic Area (EEA), and a license from the FSC Mauritius. Both of these regulators have strict standards and guidelines. As such, you can rest assured that Orbex is safe and trustworthy.

What account types does Orbex offer?

Our review of Orbex shows four account options; Fixed, Starter, Premium and Ultimate. All of these are ECN accounts, and they each come with great benefits. Fixed and Starter accounts have no commissions, although you will need to pay spread fees. If you open a Premium or an Ultimate account you will pay small commission fees, although spreads start from 0 pips. Overall, each account type at Orbex offers a good trading experience and suits a different type of trader.

Does Orbex offer a bonus?

No, Orbex does not offer bonuses to its traders. This follows the regulatory policies put in place by the Cyprus Securities and Exchange Commission that prevents brokers in the European Economic Area from providing their clients with bonuses.

What is Orbex’s minimum deposit?

The minimum deposit at Orbex varies depending on the account type. The Starter account can be opened with as little as $200, whilst the Fixed account requires at least $500. To open a Premium account you will need to deposit $5,000. whilst the Ultimate account requires a $25,000 deposit.

Is Orbex secure?

Yes, our Orbex review experts find that this online broker has adequate security. They comply with KYC and AML requirements to ensure user security, are regulated by CySEC to operate in the European Economic Area and use SSL encryption for data transmission.

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