20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.
Orbex Review 2024
Minimum
deposit:
deposit:
- $100
Trading platform:
- Desktop MT4
- MT4 Multi-Terminal
- MT4 Android Trader
- MT4 iPhone&iPad Trader
Regulation:
- CySec
- FSC
- FSA
Bonus for deposit:
- 0%
Minimum
deposit:
deposit:
- $100
Trading platform:
- Desktop MT4
- MT4 Multi-Terminal
- MT4 Android Trader
- MT4 iPhone&iPad Trader
Regulation:
- CySec
- FSC
- FSA
Bonus for deposit:
- 0%
Note!
We’ve identified your country as US 
Traders Union experts have analyzed all companies providing trading services in your country legally and compiled a rating of the best companies that offer the best working conditions, have reliable reputation and the highest number of positive reviews among traders on our website.
We’ve selected the Top 5 Best Brokers in US for you:
4
5
Editorial Note: While we adhere to strict
Editorial Integrity,
this post may contain references to products from our partners. Here's an explanation for
How We Make Money.
We are unable to verify the validity of reviews and publish all reviews, both positive and negative,
in accordance with the
Users Reviews Policy.
Summary of Orbex Trading Company
Orbex is a broker with higher-than-average risk and the TU Overall Score of 4.59 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Orbex clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work. Orbex ranks 157 among 412 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
Orbex is a reliable broker for active and passive trading, which offers trading terms adapted to professionals.
The Orbex brokerage has been providing services since 2010. Orbex Limited is regulated by the Cyprus Securities and Exchange Commission (CySEC, 124/10), while Orbex Global Limited is regulated by the Mauritius Financial Services Commission (View License). Orbex Limited is regulated by the FSA SD110 (Seychelles ). The broker provides access to currency pairs, CFDs on stocks, indices, energy resources, and precious metals. According to the Global Banking and Finance Review, Orbex is recognized as the best Forex broker in Europe and the Middle East by MENA in 2020.
| 💰 Account currency: | EUR, USD, GBP, PLN |
|---|---|
| 🚀 Minimum deposit: | $100 (Starter), $500 (Premium), $25,000 (Ultimate) |
| ⚖️ Leverage: | Up to 1:500 |
| 💱 Spread: | From 1.5 pips (Starter), from 0.0 pips (Premium, Ultimate) |
| 🔧 Instruments: | Currencies, CFDs on stocks, indices, energy resources, precious metals, cryptocurrencies, agricultural products. |
| 💹 Margin Call / Stop Out: | 50-100%/20% |
👍 Advantages of trading with Orbex:
- ability to choose an account with a different level and type of spread;
- ability to copy trades and use trading advisors;
- protection from a negative balance.
👎 Disadvantages of Orbex:
- no list of best-trading terms for novice traders;
- There is no cent account for novice traders and traders who want to test the broker's services;
- the only trading terminal is the MT4. There is no web platform or MT5;
- the support service responds within 24 hours.
Evaluation of the most influential parameters of Orbex
Geographic Distribution of Orbex Traders
Popularity in
12.6%
US
10.66%
PL
9.82%
CL
7.48%
GB
5.92%
IT
5.57%
LT
5.18%
ZA
4.82%
CA
4.52%
IN
4.19%
MY
51.24%
Others
User Satisfaction i
11 comments
Total score:
Share your experience
- Best
- Last
- Oldest
KelvinZess
1 year ago
Responses to a comment
marketing@orbex.com to
KelvinZess
1 year ago
lizziemoench319475305
2 years ago
Pollemis
2 years ago
Responses to a comment
marketing@orbex.com to
Pollemis
2 years ago
rashedimam
3 years ago
duwinsen
3 years ago
nalin
3 years ago
sumith
3 years ago
Expert Review of Orbex
Orbex is a CySEC (Cyprus) and FSC (Mauritius) regulated broker with a high quality of customer service, and favorable terms for professional traders. It provides the popular MetaTrader 4 platform with a multilingual interface for ECN trading. The terminal allows you to process customer requests as quickly as possible, replenish deposits and withdraw funds from trading accounts, as well as execute automatic trading.
The Orbex brokerage has its own team of professional analysts conducting live broadcasts on Orbex WebTV. Here, the trader can learn about the latest news and get technical and fundamental analysis from financial market experts. The main disadvantage of the analytical section is that all information is presented in English only. All visitors to the website have access to the current economic calendar and several types of trading calculators.
The broker's website has 13 lingual versions. Its functionality allows you to find the necessary information quickly and download all the necessary software for trading.
Latest Orbex News
13.09.2023
Broker Orbex has entered into a partnership agreement with HonorFX, resulting in an effective acquisition of HonorFX's client base. As a result of the
01.06.2023
Broker Orbex announced the opening of a new ZERO Spread Trading Account, which will be available only to new users who register before September 30.Orbex's
08.05.2023
Orbex announced that it has launched an advertising and marketing campaign in Kuwait to improve brand awareness.The campaign, named "Access global markets
27.04.2023
Brokerage firm Orbex has announced the launch of a series of webinars, collectively named "Orbex Trading Masterclass", which will take place live.The
Dynamics of Orbex’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
Orbex provides a social trading platform to generate passive income. Also, you can make extra money by becoming a partner of the company. Orbex’s Percentage Allocation Management Module (PAMM) service allows traders to access the strategies and performance records of other professional traders and have them trade on their behalf. PAMM Managers will trade a pool of funds created by different investors, and benefit from a percentage of their returns.
Copy Trading is available on the Orbex social trading platform.
The Orbex social trading platform allows you to view the list of successful traders, analyze the profitability of their trades, and then copy them automatically. There is no need to install additional software or make an independent market analysis to conduct auto trading. A potential investor chooses a trader and joins his account. The transactions of trader-managers are copied automatically onto the investor's account. The investor pays the trader a pre-agreed portion of the profit received on successful transactions.
-
The spreads are from 1.5 pips when connecting to Copy Trading.
-
The investor can join a fund, group, or individual trader.
-
The investor can view the performance data in real-time and choose the appropriate trading strategies based on it.
-
Copying of transactions on your account is completed in seconds and does not require your direct participation.
-
There is open access to reviews from other community members.
Connecting to the Copy Trading platform allows Orbex customers to get passive income without actively trading themselves. Auto trading is a relevant option for novice traders in Forex and for traders who do not have the time, desire, or experience to trade themselves.
Important!
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Orbex’s affiliate program:
-
IBs and Affiliates. – Payments are made to the partner for each client attracted, with the possibility of adding an extra charge to individual commissions.
-
White Label is when you create your own brand in the investment brokerage market with assistance and support from Orbex Ltd.
-
Institutional clients. Having institutional clients provides liquidity to financial brokers, banks, hedge funds, and asset management companies, regardless of the size of their accounts or their trading volume.
Orbex ensures the business development of its partners and meets their needs. The company provides a full package of marketing tools (banners, content, widgets for websites, landing pages, etc.) and technical support.
Trading Conditions for Orbex Users
Orbex trading terms are mostly designed for professional traders who are ready to make a minimum deposit of $100. The broker offers accounts with a floating and fixed spread. The stop-out level on all types of accounts is 20%, the maximum leverage is 1:500. Orbex clients cannot trade cryptocurrency, invest in PAMM accounts, get bonuses, or payment system commission compensation.
$100
Minimum
deposit
1:500
Leverage
24/5
Support
| 💻 Trading platform: | MT4 Desktop, MT4 Multi-Terminal, MT4 Android Trader, MT4 iPhone & iPad Trader, Desktop MT5, MT5 Multi-Terminal, MT5 Android Trader, MT5 iPhone&iPad Trader |
|---|---|
| 📊 Accounts: | Demo, Starter, Premium, Ultimate, Swap-free |
| 💰 Account currency: | EUR, USD, GBP, PLN |
| 💵 Replenishment / Withdrawal: | Bank transfer, Visa and Mastercard credit/debit cards, WebMoney, Neteller, Skrill, Zotapay |
| 🚀 Minimum deposit: | $100 (Starter), $500 (Premium), $25,000 (Ultimate) |
| ⚖️ Leverage: | Up to 1:500 |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | From 1.5 pips (Starter), from 0.0 pips (Premium, Ultimate) |
| 🔧 Instruments: | Currencies, CFDs on stocks, indices, energy resources, precious metals, cryptocurrencies, agricultural products. |
| 💹 Margin Call / Stop Out: | 50-100%/20% |
| 🏛 Liquidity provider: | Is not specified in the user agreement or on the website |
| 📱 Mobile trading: | yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | NDD, Market execution |
| ⭐ Trading features: | No possibility to trade cryptocurrency |
| 🎁 Contests and bonuses: | No |
Comparison of Orbex with other Brokers
| Orbex | RoboForex | Eightcap | Exness | Forex4you | Pepperstone | |
| Trading platform |
MT5 Desktop, MT5 Android, MT5 IOS, MT4 Multi Terminal, MT4 Android Trader, Desktop MT4 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MT5 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MobileTrading, MT5 | MT4, MobileTrading, WebTrader, cTrader, MT5, TradingView |
| Min deposit | $100 | $10 | $100 | $10 | No | $1 |
| Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:2000 |
From 1:30 to 1:500 |
From 1:1 to 1:2000 |
From 1:10 to 1:1000 |
From 1:1 to 1:400 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 0 points | From 1 point | From 0.1 points | From 0 points |
| Level of margin call / stop out |
100% / 20% | 60% / 40% | 80% / 50% | No / 60% | 100% / 20% | 90% / 20% |
| Execution of orders | NDD, Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Instant Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | Yes | No |
Broker comparison table of trading instruments
| Orbex | RoboForex | Eightcap | Exness | Forex4you | Pepperstone | |
| Forex | Yes | Yes | Yes | Yes | Yes | Yes |
| Metalls | Yes | Yes | Yes | Yes | Yes | Yes |
| Crypto | Yes | No | Yes | Yes | No | Yes |
| CFD | Yes | Yes | Yes | Yes | Yes | Yes |
| Indexes | Yes | Yes | Yes | Yes | Yes | Yes |
| Stock | Yes | Yes | Yes | Yes | Yes | Yes |
| ETF | Yes | Yes | No | No | No | Yes |
| Options | No | No | No | No | No | No |
Orbex Commissions & Fees
Information
The experts at Traders Union thoroughly analyzed the trading conditions of the broker on all types of accounts to identify explicit and hidden commissions. The broker doesn't charge a fee for deposits and withdrawals. Payment systems charge a commission to withdraw funds, but the exact amounts are not specified on the company's website. Professional accounts provide a commission for a completed contract in both directions: Eight dollars on Premium accounts and $5 on Ultimate accounts.
| Account type | Spread (minimum value) | Withdrawal commission |
| Starter | from $17 | No |
| Premium | from $0 | Yes |
| Ultimate | from $0 | Yes |
There is a swap fee (commission for shifting transactions to the next day). We also compared the average spread values of Orbex to those of its competitors like Forex4you and RoboForex. See the resulting comparisons in the below table.
| Broker | Average commission | Level |
| Orbex | $5.6 | Medium |
| RoboForex | $1 | Low |
| Pocket Option | $8.5 | High |
Detailed Review of Orbex
The Orbex broker is licensed and regulated to trade CFDs on currencies, precious metals, cryptocurrencies, stocks, and indices. A team of highly qualified specialists from different countries makes Orbex an international company striving to become a leader in technological innovation and customer service. The main priority of Orbex is the high speed and reliability of all trading and financial transactions.
Orbex Broker in numbers:
-
It has more than 10 years in the International market.
-
the official website and customer service operates in 13 languages;
-
it has garnered 11 international awards.
Orbex is a reliable international NDD broker
Orbex is a broker that strives to provide each client with individual terms for trading. For this reason, the company offers several types of accounts – with a fixed or floating spread. Customers' money is stored in secure bank accounts and is separated from the company's funds. Each trader is entitled to compensation up to 20,000 euros in the event of the bankruptcy of Orbex LTD. All transactions are executed using NDD (Non-Dealing Desk) technology: they are automatically placed on the open market and executed on the liquidity provider side.
The broker's clients trade through the desktop and mobile versions of MetaTrader 4. MultiTerminal allows you to trade from multiple real accounts at the same time. The company doesn't provide a web terminal and traders don't have the opportunity to choose MT5 for work.
Useful Orbex services:
-
Strategizer. An algorithmic platform for creating easy-to-use trading advisors without the need to write program code;
-
Orbex traders can enjoy uninterrupted trading, the lowest possible latency, and run EAs 24/7 with a 100% uptime guarantee with the broker’s free Virtual Private Server (VPS) service;
-
Advanced Analysis by Trading Central – Orbex’s free Trading Central tools offer traders leading analytical widgets as well as the option to set up and receive real-time alerts on selected assets.
-
Orbex Prepaid Card: Orbex prepaid cards can be used all over the world to deposit, transfer, and withdraw funds or trading profits from the user's Orbex trading accounts. This service is available to clients in the Gulf Region which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates, as well as for all clients residing in Palestine.
-
Orbex Mobile App: From simple transfers to daily withdrawals, live support and up-to-the-minute market analysis, the Orbex App enables Orbex traders to manage their trading accounts and wallets on the go!
-
Live Market Analysis & Webinars: Orbex offers daily in-depth market research and analysis conducted by certified analysts and leading industry experts on the Orbex blog.
Islamic account: Orbex offers swap-free accounts on which rollover fees are waived to comply with Islamic religious beliefs. Swap-free account holders may keep their positions open indefinitely without incurring any swap charges. -
PAMM Service: Orbex’s Percentage Allocation Management Module (PAMM) service allows traders to access the strategies and performance records of other professional traders and have them trade on their behalf.
Advantages:
1
Instantaneous execution of transactions;
2
ability to choose accounts with a fixed or floating spread for trading;
3
licenses by international regulators CySEC and FSC;
4
segregated accounts and membership in the ICF (Investors' Compensation Fund);
5
free access to Forex market news and trading education;
6
Orbex clients can access 24/5 dedicated support as well as a wealth of educational resources including live webinars, e-books, and e-courses, designed to help them make better informed decisions.
Hedging, scalping (except for fixed spread accounts), the use of expert advisors, and all trading styles are allowed.
How to Start Making Profits — Guide for Traders
The Orbex broker offers three types of trading accounts. They differ in the minimum deposit size, the spread type/level, the commission, and extra options.
Types of accounts:
Account Type
Description
Starter
This is an account with a floating spread of 1.5 pips and a
deposit of $100. Advisors and scalping strategies are allowed;
Premium
This is an account requires a deposit from $500. Floating
spread is from 0.0 pips. The commission is $8 per lot. Access to premium signals and advanced
training is available;
Ultimate
This is a professional account with a floating spread of 0.0
pips and a minimum deposit starting at $25,000. The commission is $5 per lot. The account holder
can participate in exclusive practical webinars.
The broker allows you to open a demo account with a virtual currency on the balance sheet, the terms of which are the same as on real accounts.
Orbex is primarily aimed at working with professionals ready to invest $100 or more.
Bonuses Paid by the Broker
Orbex is licensed by CySEC. This regulator prohibits bonuses and other rewards to traders. You need to make a certain number of transactions to get a bonus. The regulator believes that the broker misinforms traders in this way. CySEC recommends companies to reduce their trading spreads to increase the number of clients, so Orbex offers accounts with a floating spread of 0.0 pips.
Investment Education Online
Information
The Trading Tools section on the broker's website contains training information designed for both novice and professional traders.
This information is presented in the "Training" section
This information is not on the Orbex website
Orbex WebTV with market news, technical and fundamental analysis
There is no interpretation of the "risk management' concept
Fresh analytics and forecasts
There is no detailed description of trading strategies
ebooks and manuals
Free video courses
Economic calendar
Tips for traders
Glossary
Various types of calculators and currency converters
You can apply your just-learned theoretical knowledge while using the demo account.
Security (Protection for Investors)
Information
Orbex is represented by two offices. Orbex Global Limited is regulated by the FSC (Mauritius Financial Services Commission), and Orbex Limited is regulated by CySEC (Cyprus Securities and Exchange Commission).
Both international regulators exercise strict control over the activities of licensed brokers. The companies shall provide investment services within the legal framework and ensure transparency of all transactions to their clients.
👍 Advantages
- Funds of traders are stored in accounts segregated from the brokerage company's capital
- Protection from negative balance
- The possibility of getting compensation from an independent investor fund ICF
👎 Disadvantages
- Identity verification is a mandatory procedure for each client
- Processing a trader's complaint takes 1-2 months
- A claim can only be submitted if there is recorded evidence in writing or audio format
Withdrawal Options and Fees
-
Orbex doesn't set limits on the number of withdrawal requests from trading accounts. Additional transaction fees may be charged by recipient banks or intermediary banks.
-
You can withdraw funds via bank transfer, Visa and Mastercard credit/debit cards, WebMoney, Neteller, Skrill, and Zotapay wallets.
-
Instant withdrawal of funds is not available. The withdrawal period on Zotapay is 72 hours, and 24 hours to other e-wallets. When choosing a bank transfer or transfers to cards, the payment processing time is 3-5 days.
-
You can replenish your deposit and withdraw funds in USD, euros, pounds sterling, and Polish zloty.
-
Complete the verification procedure before depositing money.
Customer Support Service
Information
Customer support is available 24/5. The finance department works from 07:00 AM - 2:00 PM (GMT).
👍 Advantages
- A variety of communication methods
- Multilingual support
👎 Disadvantages
- Does not work on weekends
- Operators are constantly busy, so you have to wait 24 hours for the answer
- No telephone numbers for customers from abroad
Available contacts:
-
online-chat on the website;
-
the phone numbers in the "Contact us" section;
-
via email;
-
contact form;
Online chat is available on the company's website and in your personal account in the "Need Help" section.
Contacts
| Foundation date | 2009 |
| Registration address | 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius |
| Regulation |
CySec, FSC, FSA Licence number: 124/10 |
| Official site | orbex.com |
| Contacts |
Email:
support@orbex.com,
Phone: +35725588855, +442035198170 |
Review of the Personal Cabinet of Orbex
To open a trading account with Orbex and get a rebate from the Traders Union:
1
Register on the Traders Union website, follow the affiliate link to the broker's website and click "Open a real account" on its home page. Select the Orbex division based on the trading terms and the preferred regulator.
2
Select the account type (individual, joint, corporate), give your full name, patronymic, email, country, phone number to receive the confirmation code. Enter the 4-digit code and confirm that you want to open the account. Next, you will get an email with a link to confirm the email address. Click on it, and then come up with a strong password. Complete the verification process before making your first deposit.
3
The functionality of the Orbex personal account allows you to:
1. To replenish your account and withdraw funds:
2. Download the trading terminal and documents:
1. To replenish your account and withdraw funds:
2. Download the trading terminal and documents:
Also, in the user's personal account you can:
-
view Bid/Ask and spreads for trading instruments in the "Trading Tools" section;
-
install the Trading Centers plugin, connect the VPS server, and subscribe to Strategizer;
-
open an Islamic account (swap);
-
view the latest news, as well as forecasts based on technical and fundamental analysis.
Disclaimer:
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Articles that may help you
For Beginners
For Beginners
For Beginners
For Beginners
For Beginners
For Beginners
For Beginners
For Beginners
For Beginners
FAQs
Do reviews by traders influence the Orbex rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Orbex you need to go to the broker's profile.
How to leave a review about Orbex on the Traders Union website?
To leave a review about Orbex, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about Orbex on a non-Traders Union client?
Anyone can leave feedback about Orbex on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
Traders Union Recommends: Choose the Best!
Open an account
Your capital is at risk.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest.
Open an account
Your capital is at risk.