According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $100
- Desktop MT4
- MT4 Multi-Terminal
- MT4 Android Trader
- MT4 iPhone&iPad Trader
- CySec
- FSC
- FSA
- 2009
Our Evaluation of Orbex
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Orbex is a moderate-risk broker with the TU Overall Score of 6.61 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 thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Orbex is a reliable broker for active and passive trading, which offers trading terms adapted to professionals.
Brief Look at Orbex
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.
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- 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.
- 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.
TU Expert Advice
Financial expert and analyst at Traders Union
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.
Orbex Trading Conditions
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.
| 💻 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 |
| 💵 Deposit / 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 |
| 💱 EUR/USD spread: | 0,3 pips |
| 🔧 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 |
| 📋 Order execution: | NDD, Market execution |
| ⭐ Trading features: | No possibility to trade cryptocurrency |
| 🎁 Contests and bonuses: | No |
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.
Orbex Key Parameters Evaluation
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Trading Account Opening
To open a trading account with Orbex and get a rebate from the Traders Union:
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.
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.
The functionality of the Orbex personal account allows you to:
Also, in the user's personal account you can:
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view Bid/Ask and spreads for trading instruments in the "Trading Tools" section;
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install the Trading Centers plugin, connect the VPS server, and subscribe to Strategizer;
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open an Islamic account (swap);
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view the latest news, as well as forecasts based on technical and fundamental analysis.
Regulation and safety
Orbex has a safety score of 9.4/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Track record over 16 years
- Strict requirements and extensive documentation to open an account
Orbex Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 CySec |
Cyprus Securities and Exchange Commission | Cyprus | Up to €20,000 | Tier-1 |
 FSC (Mauritius) |
Financial Services Commission of Mauritius | Mauritius | No specific fund | Tier-3 |
 FSA (Seychelles) |
Financial Services Authority of Seychelles | Seychelles | No specific fund | Tier-3 |
Orbex Security Factors
| Foundation date | 2009 |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker Orbex have been analyzed and rated as Medium with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Orbex with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Orbex’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Orbex Standard spreads
| Orbex | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,1 | 0,5 | 0,1 |
| EUR/USD max, pips | 1,5 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,1 | 0,4 | 0,1 |
| GPB/USD max, pips | 1,5 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Orbex RAW/ECN spreads
| Orbex | Pepperstone | OANDA | |
| Commission ($ per lot) | 3 | 3 | 3,5 |
| EUR/USD avg spread | 0,3 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,3 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Orbex. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Orbex Non-Trading Fees
| Orbex | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
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:
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.
Deposit and withdrawal
Orbex received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
Orbex provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- No deposit fee
- Bank card deposits and withdrawals
- BTC available as a base account currency
- USDT (Tether) supported
- PayPal not supported
- Limited deposit and withdrawal flexibility, leading to higher costs
- Wise not supported
What are Orbex deposit and withdrawal options?
Orbex provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT.
Orbex Deposit and Withdrawal Methods vs Competitors
| Orbex | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | Yes | No | No |
What are Orbex base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Orbex supports the following base account currencies:
What are Orbex's minimum deposit and withdrawal amounts?
The minimum deposit on Orbex is $100, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Orbex’s support team.
Markets and tradable assets
Orbex offers a limited selection of trading assets compared to the market average. The platform supports 400 assets in total, including 40 Forex pairs.
- ETFs investing
- Commodity futures are available
- Copy trading platform
- Limited asset selection
- Bonds not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by Orbex with its competitors, making it easier for you to find the perfect fit.
| Orbex | Plus500 | Pepperstone | |
| Currency pairs | 40 | 60 | 90 |
| Total tradable assets | 400 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | Yes | Yes | No |
Investment options
We also explored the trading assets and products Orbex offers for beginner traders and investors who prefer not to engage in active trading.
| Orbex | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | Yes | Yes | Yes |
| Copy trading | Yes | No | Yes |
| PAMM investing | Yes | No | Yes |
| Managed accounts | No | No | No |
Trading platforms & tools
Orbex received a score of 8.65/10, indicating a strong offering in terms of trading platforms and tools. The broker provides broad access to popular platforms and supports a variety of features designed to enhance both manual and automated trading.
- One-click trading
- MetaTrader is available
- API access for automated trading
- Free VPS for uninterrupted trading
- No access to cTrader and its advanced tools.
- No access to a proprietary platform
- No TradingView integration
Supported trading platforms
Orbex supports the following trading platforms: MT4, MT5. This selection covers the basic needs of most retail traders. We also compared Orbex’s platform availability with that of top competitors to assess its relative market position.
| Orbex | Plus500 | Pepperstone | |
| MT4 | Yes | No | Yes |
| MT5 | Yes | No | Yes |
| cTrader | No | No | Yes |
| TradingView | No | Yes | Yes |
| Proprietary platform | No | Yes | Yes |
| NinjaTrader | No | No | No |
| WebTrader | No | Yes | Yes |
Key Orbex’s trading platform features
We also evaluated whether Orbex offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features
| 2FA | Yes |
| Alerts | Yes |
| Trading bots (EAs) | Yes |
| One-click trading | Yes |
| Scalping | Yes |
| Supported indicators | 68 |
| Tradable assets | 400 |
Additional trading tools
Orbex offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
Orbex trading tools vs competitors
| Orbex | Plus500 | Pepperstone | |
| Trading Central | Yes | No | No |
| API | Yes | No | Yes |
| Free VPS | Yes | No | Yes |
| Strategy (EA) builder | No | No | Yes |
| Autochartist | No | No | Yes |
Mobile apps
Orbex supports mobile trading, offering dedicated apps for both iOS and Android. Orbex received 8/10 in this section, reflecting strong user engagement and well-developed functionality. High ratings, solid download numbers, and the presence of advanced mobile features contributed to the high score.
- Supports mobile 2FA
- Indicators supported
- Strong Android user ratings, currently at 4.9/5
- Low app installs across iOS and Android
We compared Orbex with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
| Orbex | Plus500 | Pepperstone | |
| Total downloads | 10,000 | 10,000,000 | 100,000 |
| App Store score | 4.0 | 4.7 | 4.0 |
| Google Play score | 4.9 | 4.4 | 4.0 |
| Mob. 2FA | Yes | Yes | Yes |
| Mob. Indicators | Yes | Yes | Yes |
| Mob. Alerts | Yes | Yes | Yes |
Education
The Trading Tools section on the broker's website contains training information designed for both novice and professional traders.
You can apply your just-learned theoretical knowledge while using the demo account.
Customer support
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:
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online-chat on the website;
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the phone numbers in the "Contact us" section;
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via email;
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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 |
+35725588855, +442035198170
|
Comparison of Orbex with other Brokers
| Orbex | Eightcap | XM Group | RoboForex | NPBFX | FBS | |
| Trading platform |
MT5 Desktop, MT5 Android, MT5 IOS, MT4 Multi Terminal, MT4 Android Trader, Desktop MT4 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4 | MT4, MobileTrading, MT5, FBS app |
| Min deposit | $100 | $100 | $5 | $10 | $10 | $5 |
| Leverage |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:200 to 1:1000 |
From 1:1 to 1:3000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0.4 points | From 1 point |
| Level of margin call / stop out |
100% / 20% | 80% / 50% | 100% / 50% | 60% / 40% | No / 30% | 40% / 20% |
| Order Execution | NDD, Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Instant Execution, Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | No | No |
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.
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the official website and customer service operates in 13 languages;
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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:
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Strategizer. An algorithmic platform for creating easy-to-use trading advisors without the need to write program code;
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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;
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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.
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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.
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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!
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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:
Instantaneous execution of transactions;
ability to choose accounts with a fixed or floating spread for trading;
licenses by international regulators CySEC and FSC;
segregated accounts and membership in the ICF (Investors' Compensation Fund);
free access to Forex market news and trading education;
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.
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