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Orbex Forex Broker Review

ORBEX ECN FOREX Broker Review

Forex Brokers Comparison

ORBEX REVIEW SUMMARY

? Foundation: ORBEX founded in 2010

? Headquarters: ORBEX maintains headquarters in Cyprus and second offices in Kuwait

? US Residents: ORBEX does not accept US traders –No-

? Islamic Accounts: ORBEX provides Islamic Accounts (SWAP-Free) –Yes-

? Regulated: ORBEX is regulated by CySEC (124/10) and registered with FCA UK (553071), BaFINBanque de France (73762), CNMV Spain (2894) and CONSOB (3148)

? Account Segregation: Accounts are segregated plus Orbex participates the domestic Investor Compensation Fund -Yes-

? Web-Site Languages: ORBEX web-site supports English, German, Chinese, Japanese, Persian, Polish, Russian and Spanish

Customer Support: English, Arabic, Spanish, Greek, BengaliChinese, German, Indonesian, Russian and Urdu

ORBEX TRADING INFO SUMMARY

Orbex Mobile Trader? Broker Type: Orbex is an STP / ECN Forex Broker

? Platforms: MetaTrader4 for Windows and MAC, Mobile Traders and MT4 Multi-Terminal

? Trading Time Zone: GMT+2

? Demo Account: ORBEX is offering a Demo Account Yes-

? Typical Fixed Spread EUR/USD: 0.9-1.5 pip fixed

 or Variable spread starting at 0.6 pips plus trading commissions $6-10/lot

? Leverage: Leverage at ORBEX is up to 1:500

? Scalping /Hedging: are allowed at ORBEX Yes-

? Bonus Policy: ORBEX does not offer welcome bonus at the moment -No-

? Minimum Account: $500

ORBEX Live Accounts | Orbex Demo Accounts

 

 

ORBEX ASSET INDEX


? ORBEX is providing many Forex Pairs, Stocks, Indices, Energies, Precious Metals, Commodities and Forex Futures.

Click the following slider to reveal the Forex assets and their specifications

FOREX ASSET MAX LOTS MIN. FLUCTUATION LIMIT / STOP ORDER SWAP SHORT SWAP LONG
EURUSD 50 Lot 0.0000,1 5 0.06 -0.13
GBPUSD 50 Lot 0.0000,1 5 -0.27 0.07
USDJPY 50 Lot 0.00,1 5 -0.09 0
USDCHF 50 Lot 0.000,1 5 -0.08 -0.01
USDCAD 50 Lot 0.0000,1 5 0.2 -0.41
USDTRY 50 Lot 0.0000,1 15 5.52 -7.79
AUDUSD 50 Lot 0.0000,1 5 -0.8 0.33
NZDUSD 50 Lot 0.0000,1 5 -0.97 0.6
EURGBP 50 Lot 0.0000,1 15 0.08 -0.17
EURJPY 50 Lot 0.00,1 15 0.02 -0.06
EURCHF 50 Lot 0.0000,1 15 0 -0.06
EURCAD 50 Lot 0.0000,1 15 0.32 -0.6
EURAUD 50 Lot 0.0000,1 15 0.72 -1.54
EURNZD 50 Lot 0.0000,1 15 1.49 -2.07
GBPJPY 50 Lot 0.00,1 15 -0.35 0.11
GBPCHF 50 Lot 0.0000,1 15 -0.31 0.09
GBPCAD 50 Lot 0.0000,1 15 0.23 -0.48
GBPAUD 50 Lot 0.0000,1 15 0.76 -1.68
GBPNZD 50 Lot 0.0000,1 15 1.44 -2.39
CHFJPY 50 Lot 0.00,1 15 0 -0.04
AUDJPY 50 Lot 0.00,1 15 -0.87 0.48
AUDCHF 50 Lot 0.0000,1 15 -0.98 0.48
AUDCAD 50 Lot 0.0000,1 15 -0.71 0.27
AUDNZD 50 Lot 0.0000,1 15 0.08 -0.62
CADJPY 50 Lot 0.00,1 15 -0.44 0.15
CADCHF 50 Lot 0.0000,1 15 -0.38 0.12
NZDJPY 50 Lot 0.00,1 15 -1.17 0.64
NZDCHF 50 Lot 0.0000,1 15 -1.03 0.56
NZDCAD 50 Lot 0.0000,1 15 -0.83 0.46

TRADING PLATFORM & MOBILE

ORBEX TRADING PLATFORMS & MOBILE

Orbex offers MetaTrader 4 for desktop (PC and MAC and for mobile devices (iOs, Android and Windows). It is particular interesting that Orbex offers a free VPS server with multiple EAs available. There is also a MT4 MultiTerminal platform offering multilingual trading in 23 different Languages.

? MetaTrader-4, MT4 MultiTerminal platform

? Automated Trading and Hedging are allowed at ORBEX

? Scalping is allowed for ECN accounts only

? Demo account is available at ORBEX

? Mobile Trading: ORBEX offers an app for iPhone, iPad, Windows and Android devices

? Trading server: GMT+2

NEW ACCOUNT INFORMATION

? The minimum initial deposit required for opening an account is 500 USD.

? Account Currencies: EUR, USD


?
Chat Service for New Account

ORBEX FUND METHODS

ORBEX Fund Methods:

? Credit / Debit Cards

? Bank Wire

? MoneyBookers Skrill

Neteller

? FasaPay

WebMoney

CashU

Note: No fees when you fund or you withdraw money from your trading account

CONTACT INFORMATION

? Orbex main offices

Office 3501, 5th floor, Maximos Plaza Tower 3, Maximos Michaelidi Street, Limassol 3106, Cyprus

? Orbex second offices

Al-Tejaria Tower, Office 231, Floor 23 Al-Soor Street, Sharq, Kuwait

 

 

ORBEX Review Conclusions:

Orbex is an STP / ECN Forex broker started operations in 2010 (former AFBfx). Orbex maintains headquarters in Cyprus and has offices also in Kuwait. The broker is regulated by CySEC and MiFID and registered with many other government bodies and it is a member of the local Compensation Investor Fund (CIF). The customer's funds are segregated from the company’s funds via Tier-1 banks. In overall it seems that Orbex offers its clients significant safety of money.

There are many different asset classes to trade. Orbex provides a great range of financial products including Forex, Precious Metals, Energies plus Future OTC Contracts, Equity OTC Indices and CFD trading. The Forex assets are presented detailed in one of the above sliders / tables of this review. All the available platforms are based on the popular MT4. There is a MT4 version for Windows and Mac but also a multilingual MT4 multi-terminal version. There are also versions of MT4 for smartphones and tablets (iOs, Android, and Windows). The minimum account is $500 and can be funded via cards, bank wire, Skrill, Webmoney, FasaPay, and CashU. The available account currencies are USD and EUR. There are no fees on deposits or on withdrawals. The broker does not offer a welcome bonus. Offerings include free education, webinars, daily market analysis and detailed Forex trading signals.

As concerns Forex trading, the best trading terms occur in the two ECN account types:

(1) ECN Standard (minimum $500 deposit) 

(2) ECN Advanced (minimum $25,000 deposit)

The EURUSD spread for these two account types starts as low as 0.6 pip. As concerns the trading commissions charged, the commission for ECN Standard accounts is $10 / lot and for ECN Advanced accounts the commissions is $6 / lot. Orbex ECN account types offer also high speed trading and a free VPS hosting service. Combining tight spreads, with scalping allowance and the free VPS server we may conclude that Orbex is a good choice for Day-Traders and Scalpers Forex Traders. Another advantage of Orbex is the multilingual 24/7 customer support via email, phone callback, and live chat. They speak in more than ten languages including English, Arabic, Spanish, Greek, German, Bengali, Russian, Chinese, Bulgarian, and Urdu.

? ORBEX Live Accounts | Orbex Demo Accounts


ORBEX REVIEW PROS & CONS (According to competition)

ORBEX REVIEW CONCLUSIONS

ORBEX PROS

ORBEX CONS

? Regulated by CySEC, MiFID and registered with many other European bodies

? Segregated Client Accounts and participation in the domestic Investor Compensation Fund

? Multilingual customer support via Callback, Email, and Live chat

? Very wide asset index including Forex futures

? Automated Trading plus a free VPS server for Forex robots

? Free education and Forex webinars

? Daily analysis and free trading signals

X Minimum Deposit $500

x No welcome bonus

 

? Visit ORBEX


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? ORBEX Review

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