Orbex reviews

Orbex reviews

Orbex review 2019.

Orbex is a broker managed by two organizations, Orbex Limited and Orbex Global Limited. Founded in 2010 in Cyprus to work with EU residents, later an additional office opened in Mauritius specializing in clients outside of Europe.

Orbex Ltd is licensed by CySEC and therefore authorized to deal with European clients. Orbex Global Ltd is a member of ICF which protects its traders’ interests for 20 thousand euros in case of financial difficulties.

Orbex Global Ltd is controlled by FSC (Mauritius).

Trading platforms

Orbex reviews

MetaTrader 4 iis a platform that is multilingual, in addition to this you will be amazed by the abundance of features, tools. This program has an amazingly user-friendly interface, which will be understandable to both new clients and experienced traders. There is support for Expert Advisors, the ability to build charts using fifty indicators and thirty instruments.

MT4 WebTrader is a browser-based version of the platform for use on any device with access to the World Wide Web. Its functionality is almost identical to the software downloaded to your desktop computer. There is an opportunity to open a deal in one click, and the number of indicators to build charts is 30. You will also find several charting tools.

MT4 MultiTerminal is a platform for professional use by managers of multiple trading accounts. It allows grouping and simultaneous management of accounts, full monitoring of trades. Full reporting is also available. To download the software, simply click on the link on the company’s website.

Assets

Among the assets are the spot and CFD commodities, forex, eight indices and stocks of American and European companies. Some contracts available off-exchange are also available.

Spreads and Commissions

Orbex reviews

Here it all depends on the type of account. There is one account with constant spreads of 1.9 pips per currency pair. Other accounts have variable spreads that start at 1.7 pips, but no exact data is available. For Premium and Ultimate accounts, it is possible to select an asset with a zero spread.

There are no commissions for the initial and basic level accounts, at the Premium level there is $8 per turnover, with the Ultimate tariff $5 per full turnover is charged.

Swaps are present.

Leverage

As for leverage, the standard value offered by this company is 1:500, but it is reduced to 1:100 for clients with large turnovers in order to reduce trading risks as much as possible. For other assets, the leverage ranges from 1:50-1:100 and for securities contracts it’s even 1:5.

For customers from Europe there is a limit on leverage of 1:30, but it can not be called a disadvantage. Thus the level of risk for clients is significantly reduced

Payment Methods

Orbex reviews

Among the methods of depositing there are both classic methods and with the use of well-known payment systems. Learn more on the company’s website. The minimum deposit amount is 200 dollars.

Demo Account

Orbex offers to test system possibilities on demo account. Moreover, only market indicators are used, and the work of expert advisors is also supported.

Deals and bonuses

The company does not offer any welcome bonuses or discount program due to regulations. But, access to VPS is available for clients, as well as access to the market analysis.

More options

Orbex reviews

The most important feature isvirtual private server the virtual private server, the ability to make transactions without access to the global network (for robot trading). There is support for MT4 Expert Advisors and they are executed at a much higher speed than standard version.

The company presents Strategizer, a tool for full-fledged creation of strategies, advisors or create algorithms. The total number of strategies supported is five. This tool is free of charge and is fully integrated into Metatrader. Some useful tools are stop losses, timings, algorithms etc.

Orbex training

This is a strong point of the company, the broker offers an absolutely convenient training center, and exclusive materials are available for holders of premium accounts. The video format is well developed, including webinars and video courses. It has its own TV channel, where you can find out the business news, forecasts from analysts, researches.

Account types

Fixed account – no monthly fees, there is an opportunity to start with $500, constant spreads, provision of trading signals at no extra cost. Scalping and expert advisors are not available on this trading account.

Startup account – no commission, spreads depend on the asset, training at no additional cost. The deposit is minimal and is $200, scalping and advisors are allowed.

Premium Account – the commission is $8, spreads from zero and above, the minimum deposit is high for the industry as a whole and is $ 5000, individual training, premium signals, scalping and robo-advisors are also present.

Ultimat account – commission $5 for a standard turnover, deposit from $25000, individual manager 24/7, scalping, expert advisors.

There are so-called Islamic accounts without swaps (ask the representatives of the company).

Support service

Orbex focuses on customer service, therefore, the number of employees working in support is great. Support is available 24/5, ways of contact are listed below:

Web Chat

General hotline +962 6 5622268

Line for MENA – +965 22968150

EU line – +44 2035 198 170

E-mail – support@orbex.com

Security

All data, especially when it comes to customers is always duplicated and stored in encrypted form.  The company complies with all regulatory requirements.

As is customary in the industry, customer accounts are segregated from company accounts, this eliminates conflicts of interest and waste of customer funds.

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