|Minimum deposit:||$200 USD|
|Withdrawal fee amount:|
|Inactivity fee charged (Y/N):||N|
|Number of instruments:|
|Time to open account:|
|Demo account provided (Y/N):||Y|
|Countries of regulation:|
Our full Orbex review is coming soon.
Orbex was formerly known as AFBFx. Orbex is a broker offering a wide range of assets and funding options. It is based in Cyprus, where it is also authorised and regulated – and it is a truly global broker, with branches to the growing Middle Eastern commerce hotspots of Jordan and Kuwait.
It is regulated by the Cyprus Securities and Exchange Commission, which is also known as CySEC. It is also regulated by the Financial Conduct Authority, or FCA, in the UK.
Orbex does not charge any commissions, which means that you can save some cash from the outset!
However, you do have to have a comparatively large amount of liquid cash to make a deposit: the lowest possible deposit amount is $500. The broker makes its money through spreads, and these can vary depending on the asset – although fixed spreads are available. In terms of leverage levels, meanwhile, the maximum amount is 1:500 if you have a Professional-level account – although it is a lot less for standard Retail-level clients.
A variety of trading platforms are available via this broker, including Meta Trader 4 – although some traders may be disappointed to learn that Meta Trader 5, the more sophisticated version, is not available.
One handy tool which could be useful for those who have not traded before is the demo account function. This lets you place trades in a risk-free environment, as there is no actual money involved – so it’s an excellent way to practice your trading skills.
Customers are placed front and centre in the Orbex priority list. The site can be used in nearly fifteen different languages, so it is highly accessible. There are all sorts of ways to contact the customer services team here at Orbex, including everything from fax to live chat.
One crucial aspect of customer service is the range of deposit methods you can use. Encouragingly, Orbex accepts a wide variety. Customers can use bank cards such as credit cards to make their transfer, while wire transfer is also available – as are online wallet-style services such as Neteller. The central customer support email address is available twenty-four hours a day during the trading week, so even if a problem arises at an unusual time, you will still be able to get the help you need.
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