Also, Orbex expanded its horizons with an international proposal as the broker opened an entity in Mauritius with access to high leverage and received a local financial license from MFSC. Orbex has good regulatory status and it is a popular broker worldwide. You have peace of mind from the start and extras like negative balance protection add to the situation. This regulation tells you that Orbex complies with strict measures and offers total transparency.

In addition, we’ll also compare prices with competitors in order to make choosing easier for you. Orbex offers Starter, Premium, and Ultimate accounts, each with varying deposit requirements, spreads, and commissions. It has variable spread starting from around 1.5 pips on the EUR/USD which isn’t the lowest you will find. Therefore, this is probably not the ideal account for scalping but there is no commission fee charged as it is already included within the spread.

• There is also a good range of account types and funding options to choose from.
• The Orbex MT4 platform is better suited for beginner and intermediate traders, providing ease of use, necessary tools, and fast speed of execution.
• I like to highlight the awards Orbex has received for best analysis and education provider, as Orbex excels in both categories.
• The «TradingFinder» platform offers various services, some of which, like introductions, are free, while others, such as our specialized services, are provided for a fee or through a subscription.
• The broker has a huge catalogue of free video tutorials available to their clients.

Available Assets on Orbex – What Can You Trade?

Especially the MT5 platform is equipped with innovative solutions that take trading to another level. Yet, Orbex also offers a few additional tools on its website that are easy to access and assist traders in their strategies. Orbex offers a rich educational section available for all users for free. Orbex clients have access to such resources as live webinars, e-books, and e-courses, to help them make better-informed decisions. However, based on the chosen account type, traders can have access to more extensive education (for Premium and Ultimate accounts). Based on our insights, both the MT4 and MT5 platforms are great offerings that will meet the needs of different traders.

• Orbex warns that foreign exchange trading and investment can be highly speculative and may result in losses as well as profits.
• The software was developed by a Russian software company called MetaQuotes in 2005 before later releasing MT5 for those looking to trade in other asset classes.
• Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey.
• I think there is more than enough educational content available, even for beginner traders with no prior experience.
• Much like currency markets, stocks are exclusively available to trade at Orbex via CFDs, or Contracts for Difference.
• The choice of MT4 and MT5 ensures a familiar, feature-rich environment that is the industry standard for retail traders.

Is Obex a recommended forex trading broker for experts and beginners?

The minimum deposit to get started is $100 which isn’t the lowest that you will find. However, there is the option of a free demo account if you want orbex review to give them a try before making a commitment. They have a good selection of financial instruments for trading on user-friendly devices with very competitive trading conditions. You get access to a nice variety of robust trading tools and helpful educational resources so that you can analyse the markets thoroughly and make informed decisions. There is also a good range of account types and funding options to choose from.

Any and all partnerships with industry regulars are not and should not, be viewed as an endorsement or recommendations by topfxbrokersreview.com, even though we may be sponsored by some of the brokers. We are not liable for losses that resulting from the information provided on our site. Orbex is a Forex trading company with a strong European presence and an office in Cyprus.

Trade safely

Fixed spread in the Fixed account will be set as variable and will comply with the best available market prices. The four trading accounts Orbex offer has their own style with a choice between a variable or fixed spread with no commission charged. The minimum deposit amount depends on the account type you want to trade with. The minimum of US Dollar 500 allows you to start trading with a Fixed account. Orbex also offers swap-free forex trading accounts, known as Islamic Forex accounts or Shariah forex accounts.

TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site. Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.

These accounts comply with Islamic religious beliefs and are offered exclusively to Muslim clients. Islamic accounts give their owners an opportunity to hold their positions for an unlimited amount of time. Orbex is a Cyprus company established in 2011 and has a history of operational and technological background and a range of trading services for multi-asset trading.

Is Orbex a good broker?

Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. As an experienced trader, I had to report my withdrawal issues to the FCA and «na than Reclaim LL, C.» Thankfully, a few days after filing my disputes, the issues were resolved. All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn’t imply direct instructions for investing. To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page. At Top Brokers, we understand how confusing it can be to find the best broker. For that reason, we have a range of articles and resources on hand to help you along the way with your trading endeavors.

Premium and Ultimate accounts may offer the chance to earn bigger gains but they also require quite substantial minimum deposits. Compared to a regular $100 minimum deposit for the Starter account, the Premium account requires $500. Even more substantial, the Ultimate account requires a minimum deposit of $25000.

One potential problem, however, is that neither stocks or cryptocurrencies are available for trading from this broker. While that may certainly be an issue for some traders, others are happy to trade other assets instead. Each individual trader will therefore ultimately have to make the choice for himself on whether or not Orbex is a suitable broker for them. Client security is well addressed with negative balance protection, segregated funds, and 128-bit SSL encryption for data.

Good service and support

TradingFinder.com assumes no responsibility for any potential losses or damages. Past results are no guarantee of future success, so make your financial and investment decisions with utmost care. Support is available 24/5 via live chat, phone, email, ticket system, and in-person meetings at Orbex offices (by appointment). Orbex supports VISA, MasterCard, bank wires, e-wallets (Skrill, Neteller, etc.), crypto (BTC, ETH), and Union Pay. Deposits are often instant; withdrawals take up to 3–5 business days. These regulations’ licenses are not very valid because they do not have strict rules to monitor the brokers.