Orbex Review 2021

Orbex Review 2021

Davis J.
Robertson A.
March 2021
Analysis of the Main Features of the Forex Broker

3.54

Overall rating

3.33

/10

Execution of orders

3.75

/10

Investment instruments

3.39

/10

Withdrawal speed

3.69

/10

Customer Support work

3.17

/10

Variety of instruments

3.91

/10

Trading platform

120

Position
in rating

Trading terminals:

Desktop MT4 MT4 Multi-Terminal
MT4 Android Trader MT4 iPhone & iPad Trader
120

Position in rating

3.54/10
Overall rating

Trading terminals:

Desktop MT4 MT4 Multi-Terminal
MT4 Android Trader MT4 iPhone & iPad Trader

Summary of Orbex Trading Company

The Orbex brokerage has been providing services since 2010. Orbex Limited is regulated by the Cyprus Securities and Exchange Commission (CySEC), while Orbex Global Limited is regulated by the Mauritius Financial Services Commission (FSC). 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.

Attention!

We work only with accounts opened through the Traders Union website.

👍 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;
  • The high minimum deposit starts at $200;
  • 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.

Overall

Orbex is a reliable broker for active and passive trading, which offers trading terms adapted to professionals.

Visit Orbex

Orbex Latest Comments for 2021

0
1
2

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Orbex published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

Broker Orbex did not suit me. The platform often works incorrectly, orders are opened with a delay. With my conservative strategy, it is almost impossible to trade profitably. There are a lot of unprofitable trades.

In terms of trading conditions, I would mark Orbex as an average broker. He has the licenses of the regulator. But there are very few trading instruments. The disadvantages are also worth pointing out the weak work of technical support.

On the Orbex plateau, orders are released with a delay. This is very problematic for trading scalping strategies. I have reconfigured my trading advisor many times, but the problem is not with it, but with the Orbex service. My review is rather negative.

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.

Antony Robertson

Traders Union
Financial Analyst

Analysis of the Main Features of the Forex Broker

3.54

Overall rating

3.33

/10

Execution of orders

3.75

/10

Investment instruments

3.39

/10

Withdrawal speed

3.69

/10

Customer Support work

3.17

/10

Variety of instruments

3.91

/10

Trading platform

Dynamics of the Popularity of Orbex
in 2020 among the Users of the Traders Union

Logo TU
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.

Investment Programs, Available Markets and Products of the Broker

Orbex offers its clients a narrow choice of investment decisions. Orbex provides a social trading platform to generate passive income. Also, you can make extra money by becoming a partner of the company. Unfortunately, you cannot invest in PAMM accounts or ready-made diversified portfolios.

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 [email protected] or by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal 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.

Rebate and Discount Programs of the Traders Union for Orbex

Become a partner of the Traders Union rebate service and get spread compensation for each trade made with the Orbex broker. Register for free with the Traders Union and then open an account on the Orbex website using the Union's referral link. The rebate is charged for independent trading and copying transactions of other traders. Regular payments will be made to your Traders Union personal account.

Information

Orbex pays to the Traders Union a fixed amount of $3.5 per lot. The Union's customers get 80% of this amount.

Example. A trader has a turnover of 1 lot of the EUR/USD pair in 1 day. The spread for this pair averages 1 pip per lot. A pip value at 4-digit quotes for this pair is $10, hence the cost to a trader for a spread could be $10. According to the terms of the partnership, the broker will reimburse $3.5 to the Traders Union. TU’s trader gets 80% of this amount, or $2.8. Hence, the cost to a trader for this spread could be $7.2 .

Try it!  You’ll like this!

Trading Conditions for Orbex Users

Orbex trading terms are mostly designed for professional traders who are ready to make a minimum deposit of $200-500. 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.

$200

Minimum
deposit

1:500

Leverage

24/5

Support

Desktop MT4 MT4 Multi-Terminal
MT4 Android Trader MT4 iPhone & iPad Trader
Trading platform: MT4 Desktop, MT4 Multi-Terminal, MT4 Android Trader, MT4 iPhone & iPad Trader
Accounts: Demo, Fixed, 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: $200 (Starter), $500 (Fixed), $5000 (Premium), $25,000 (Ultimate)
Leverage: Up to 1:500
PAMM-accounts: No
Min Order: 0.01
Spread: 1.9 pips (Fixed), from 1.5 pips (Starter), from 0.0 pips (Premium, Ultimate)
Instruments: Currencies, CFDs on stocks, indices, energy resources, precious metals
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 FxPro XM Group Admiral Markets UK AvaTrade
Trading
platform
MT5, MT4, WebTrader MT4, MobileTrading, MT5, cTrader MT4, MT5, MobileTrading MT4, MT5, iPhone, iPad, Android, MT4 Supreme Edition MT4, MobileTrading, Zulu Trader, Mirror Trader, AvaTrader, AVA Option
Min deposit $500 $100 $5 $200 $100
Leverage From 1:1
to 1:500
From 1:1
to 1:500
From 1:1
to 1:30
From 1:25
to 1:500
From 1:200
to 1:400
Trust management No No No No No
Accrual of % on the balance No No No No No
Spread From 0 points From 1 point From 1 point From 0 points From 0 points
Level of margin call
/ stop out
150%  /  20% 25%  /  20% 100%  /  50% 100%  /  30% 25%  /  10%
Execution of orders Market Execution, Instant Execution Market Execution, Instant Execution Market Execution Market Execution Instant Execution
No deposit bonus No $100 $30 No No
Cent accounts No No Yes No Yes

Broker comparison table of trading instruments

Orbex FxPro XM Group Admiral Markets UK AvaTrade
Forex Yes Yes Yes Yes Yes
Metalls Yes Yes Yes Yes Yes
Crypto No No No Yes Yes
CFD Yes Yes Yes Yes Yes
indexes Yes Yes Yes Yes Yes
Stock Yes No Yes Yes Yes
ETF Yes No No Yes No
Options 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
Fixed from $19 No
Starter from $17 No
Premium from $1 Yes
Ultimate from $1 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.

Conclusion

The average Orbex spreads are lower than those of its competitors. However, they still can't be considered the lowest on Forex, so we suggest reducing them with the help of rebates from the Traders Union.

Detailed Review of Orbex

The Orbex broker is licensed and regulated to trade CFDs on currencies, precious metals, 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;

  • proprietary VPS server. It allows the advisor to trade in 24/5 mode, even when the user's computer is not connected to the internet;

  • Trading Central. Plugin for getting a forecast based on technical indicators.

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

multilingual website and support.

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 four 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
Fixed
This account has a fixed spread of 1.9 pips, the minimum deposit is $500. Scalping and the use of trading advisors are prohibited on this type of account;
Starter
This is an account with a floating spread of 1.5 pips and a deposit of $200. Advisors and scalping strategies are allowed;
Premium
This is an account requires a deposit from $5.000. 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 $200 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.

Bonus from the Traders Union

The Traders Union allows all clients of the Orbex broker to receive spread compensation (rebate) from the Union. Register on the Traders Union website to become our partner. Then go to Orbex’s website using the referral link and open a real account. After you start trading on Forex, Traders Union will pay you a rebate for each completed transaction. If you have previously opened an account with Orbex, please follow this link. Here you can find instructions on how to merge your current account and the Traders Union account.

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

Registration address 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius
Regulation
Contacts

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.

Orbex Review - Open a real account
Orbex Review - Open a real account
Orbex Review - Open a real account
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:
Orbex Review - Account replenishment and withdrawal of funds
Orbex Review - Account replenishment and withdrawal of funds
2. Download the trading terminal and documents:
Orbex Review - Trading terminal
Orbex Review - Trading terminal
1. To replenish your account and withdraw funds:
Orbex Review - Account replenishment and withdrawal of funds
Orbex Review - Account replenishment and withdrawal of funds
2. Download the trading terminal and documents:
Orbex Review - Trading terminal
Orbex Review - Trading terminal

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.

Tags:

orbex orbex.com

The Oldest Reviews of the Orbex

The reviews by customers of the Orbex indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Orbex published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

On the Orbex plateau, orders are released with a delay. This is very problematic for trading scalping strategies. I have reconfigured my trading advisor many times, but the problem is not with it, but with the Orbex service. My review is rather negative.

In terms of trading conditions, I would mark Orbex as an average broker. He has the licenses of the regulator. But there are very few trading instruments. The disadvantages are also worth pointing out the weak work of technical support.

Broker Orbex did not suit me. The platform often works incorrectly, orders are opened with a delay. With my conservative strategy, it is almost impossible to trade profitably. There are a lot of unprofitable trades.

Author of this Review

Orbex broker’s review prepared by

John Davis

Traders Union Author and Analyst

John Davis is a Financial and Economic Analyst working with the Traders Union since 2016. During this time, he has written more than 100 analytical articles on technical and fundamental analysis, reviews of financial companies and has developed more than 10 proprietary trading systems. John's motto is to help everyone go from a novice to a professional trader.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

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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.

Why is it more profitable to work with Orbex through Traders Union?

Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.