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Orbex Broker Review

Review By: Max WebsterReview Updated: 2020-04-15

Email: Customer support: support@orbex.com

forexcfdcommodities

Scalping is allowed for all variable spread accounts

Spread

From 0 pips

Max. Leverage

1:500

Deposit Protection

£85,000 GBP

Min. Deposit

$200 USD

Spread

From 0 pips

Max. Leverage

1:500

Deposit Protection

£85,000 GBP

Min. Deposit

$200 USD

Spread

From 0 pips

Max. Leverage

1:500

Deposit Protection

£85,000 GBP

Min. Deposit

$200 USD

Our Overall Rating

Rating4.3

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.

Orbex.com Broker Review | Orbex.com Intro | We Compare Brokers

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.

 

Commissions & Fees

Rating

Orbex does not charge any commissions, which means that you can save some cash from the outset!

Orbex.com Broker Review | Orbex.com Fees Example | We Compare Brokers

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.

Platforms & Tools

Rating

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.

Orbex.com Broker Review | Orbex.com Platform Charts | We Compare Brokers

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.

Customer Service

Rating

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.

Orbex.com Support

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.

Orbex.com Broker Reveiw | Orbex.com Contact | We Compare Brokers

Research

Rating

Ease of Use

Rating

Mobile Trading

Rating

Regulatory details

Orbex Prohibited countries:

Japan | Mauritius | North Korea | United States

Orbex Group Limited is the holding company of Orbex Global Limited, Orbex Limited is an affiliate with Orbex Global Limited. Orbex Global Limited is authorised and regulated by Mauritius Financial Services Commission “FSC”.

Orbex.com Rugulation

Orbex.com is owned by Orbex Group Limited and is operated by Orbex Global Limited with registered address: 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius

From their website:

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Final Thoughts

Orbex is a broker with a range of advantages – and it’s the sort of site that can deliver a trader what they need. From its customer service offering in many different languages and formats to its provision of decent trading platforms, it is a broker which many choose to trust with their foreign exchange and commodity trading requirements.

Orbex.com Broker Review | Orbex.com Advantages | We Compare Brokers


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Ratings

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