Please select the second broker
Orbex Broker Review
Email: Customer support: email@example.com
Scalping is allowed for all variable spread accounts
From 0 pips
From 0 pips
From 0 pips
Our Overall Rating
- Wide range of funding options
- Negative balance protection
- Free VPS hosting is offered
- protection under the Investor Compensation Scheme
- Ultrafast NDD execution
- Access to Tier 1 Bank Liquidity
- Swap free Islamic accounts
- Orbex Strategizer
- Award-wining Trading Central, exclusive market analytics and signals
- MT4 is only platform available
- Higher minimum account opening balance
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.
Commissions & Fees
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.
Platforms & Tools
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.
Ease of Use
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 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.
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.
Before you go…. have you spotted any data in our review which you think is inaccurate? If so please tell us
From 0.3 Points
From 0.2 pips
From 0.75 Points
- Commissions & Fees
- Platforms & Tools
- Customer Service
- Ease of Use
- Mobile Trading
What is your experience with this broker?
With over 4,000 brokers active globally, it’s good to share your experience with others. Spread the word on good or bad brokers. Disclaimer: Comments on this site are not the opinion of WeCompareBrokers and we are not responsible for the views and opinions posted by site users. If you are unhappy with any comments, please email complaints @ wecomparebrokers.com
Important: You (the person writing the comment) are responsible for any comments you post and use this site in agreement with our Terms.