Orbex Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of Orbex trading signals. You will learn what kinds of trading signals Orbex offers and what the conditions for using them are.
Short introduction of 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.
| 💰 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% |
Orbex Pros and Cons
👍 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.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
-
Copy trading.
-
Email alerts.
-
Signals through a blog on the website.
-
Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
Orbex Trading Signals
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 |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that Orbex does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
- FBS Trading Signals
- Vantage FX Trading Signals - VantageFX Review byTU Expert
- ActivTrades Trading Signals
- FXTM Trading Signals - ForexTime Review by TU Expert
- BCR Trading Signals
- Exinity Trading Signals
- Cryptology Trading Signals
- VirgoCX Trading Signals
- Alpari Trading Signals
- Coinone Trading Signals
- LMAX Trading Signals
- Exclusive Capital Trading Signals
- Upbit Trading Signals
- KIEXO Trading Signals
- Exness Trading Signals
- CoinSpot Trading Signals
- Windsor Brokers Trading Signals
- BFB Capital Trading Signals
- Skilling Trading Signals
- Darwinex Trading Signals
- Velocity Trade Trading Signals
- Hantec Markets Trading Signals
- Binance Trading Signals
- Bullish Trading Signals
- Capital Street FX Trading Signals
- FOREX CLUB Trading Signals
- CEX.io Trading Signals
- Bitso Trading Signals
- Turnkey Forex Trading Signals
- Pionex Trading Signals
FAQs
Can I subscribe to several signal providers?
As a rule, brokers allow traders to do that. It is important to subscribe to several providers or newsletters, as it helps diversify the risks.
How do I choose a signal provider?
Consider the profitability, the list of instruments the signals are provided for and the risk level of the strategy.
How do I test the signals if I can’t do it on a demo account?
In this case, it is best to test them using the minimum deposit. You will need to check the minimum deposit level of the broker.
Related Articles
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.