Orbex Forex Broker

Orbex Forex Broker Broker Review

Justin Freeman

Broker Information

  • Company Name: Orbex
  • Founded: 2010
  • Country: Cyprus

Platform Info

  • Platform: MetaTrader 4
  • Dealing Desk: No
  • Web Based: Yes
  • Mobile Trading: Yes

Broker Services

  • Regulators: CySEC, FSC
  • Minimum Deposit: $200
  • Leverage: 1:500
  • US Clients: No
  • Funding Methods: Debit/Credit Card, Wire Transfer, SKRILL/Moneybookers, NETELLER, WebMoney, Fasapay, Klarna/Sofort for European clients under CySEC

Is Orbex a safe broker?

Unclear
Our experts have assessed this broker but could not confirm if Orbex is safe.
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It always makes sense to go with a broker that has received prestigious industry awards. Orbex.com started operations in 2010, but has it has already been recognized several times for its service excellence and educational program. You may have known the firm before as AFB FX, but they have recently gone through a name change to Orbex to signify that they are a player on the global stage. Orbex ltd. is located in Cyprus and is regulated and licensed by both local and other regulatory bodies across the European continent and Orbex Global is regulated by FSC.

Orbex offers its traders a wide range of instruments and competitive trading conditions on MetaTrader 4, such as: Currencies with spread as low as Zero, Stock indices, Energies, Precious metals, and Stock CFDs.

Either standard desktops, smartphones or tablets can be your tools of trade. Currently, Orbex offers 3 account types, all variable spread.. Scalping is possible on all accounts.

Orbex account types

Regulatory compliance is complete at Orbex, and the firm goes to great lengths to protect your funds by employing accepted segregation techniques with Tier-1 banks. For a further add-on, Orbex ltd. also partakes in the domestic Investor Compensation Fund. The management team and their Managing Director willingly profess that, “At Orbex, the client is at the heart of everything we do and everything we do is designed to guarantee your satisfaction.”

Spreads and Leverage

Minimum deposit to open an account can be as low as $200, and leverage can be as high as 500:1. Spreads vary by account type: as low as 0.0 pips.

Platform

The Orbex team utilizes the popular Metatrader4 product line, which includes MetaTrader 4, MT4 multi-terminal, Android Trader, MT4 iphone & iPad trader and MT4 Mac OS Trader. If you can get on the Internet, then you can trade with Orbex, any time or anywhere.

Unique Features of Trading with Orbex

Why trade with Orbex.com? The firm lists these reasons:

  • Seven prestigious awards for its excellence in service and execution received in the past four years, including Best Forex Broker 2020, MENA & Europe by Global Banking & Finance Review.;
  • Regulatory compliance for Orbex ltd. by the Cyprus Securities and Exchange Commission (CySec) and the European Union Markets in Financial Instruments Directive (MiFID);
  • Client deposits are in segregated accounts with Tier-1 banks;
  • The Cyprus Investor Compensation Fund provides a second layer of protection for Orbex ltd.;
  • Major Tier-1 banks provide to deep liquidity and security;
  • Metatrader4 products and trading platforms;
  • Trading products include Foreign Exchange, Precious Metals, Future Contracts (OTC), Equity Indices (OTC), CFD’s and Energy Contracts;
  • Initial account deposit minimum = $500;
  • Leverage as high as 500:1;
  • Three account types: Starter ($200), Premium ($5,000), and Ultimate ($25,000) with spreads as low as 0.0 pips on major pairs;
  • Extensive partnering and affiliate relationships and benefits available;
  • Customer service representatives have been honored with many awards for their excellence and may be reached via email, telephone, live chat, or by requesting a call back;
  • The latest in 256-bit SSL technology encrypts all sensitive data and personal information.

Deposits and Withdrawals

Orbex supports the standard deposit methods, i.e., bank wire transfers, credit cards, and local payment providers, to make your process of moving money easy and reliable. All withdrawal requests are processed quickly, but all clients are advised to have all internationally mandated identity information on file before a request is submitted. These rules apply to all forex brokers across the globe.

Beginner Support

The Customer Service Department at Orbex is top of the line, having received many prestigious awards for its excellence. The Orbex team of customer service reps can speak to you in more than 15 languages including English, Arabic, Bengali, Spanish, German, Russian, Chinese, Bulgarian, Urdu and Greek. It can be accessed via live chat, phone, or email “24/5”. Online educational and training materials abound, along with ample market research to enhance your trading experience.

Conclusion

Orbex has it all, from an intuitive website with easy access to professional support, and from excellent pricing and execution, to a variety of accounts designed for both retail and institutional traders. The Managing Director of Orbex, Mr. Abdullah Abbas is intently client focused, as per his published remarks: “Service to our clients is the foundation of Orbex, and we are thrilled to offer a variety of resources to make trading easier for our clients. We value every trader and company we work with.” If he is willing to put his personal name on the line, perhaps, you should try him out.

Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.

Justin Freeman

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