Introduction

Orbex is a well-established global online Forex and CFD broker, founded in 2011. Regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Commission (FSC) of Mauritius, Orbex provides trading services for a diverse range of financial instruments including Forex, commodities, indices, metals, futures, and cryptocurrencies. Catering to both retail and institutional clients, Orbex aims to offer a secure and transparent trading environment backed by comprehensive educational resources and competitive trading conditions.

Key Features

• Extensive Instrument Portfolio: Orbex offers trading on over 300 instruments, covering major, minor, and exotic Forex pairs, a variety of commodities, global indices, precious metals, futures, and popular cryptocurrencies.
• MetaTrader 4 (MT4) Platform: The broker exclusively uses the industry-standard MT4 platform, available across desktop, web, and mobile devices, providing advanced charting tools, technical indicators, and automated trading capabilities through Expert Advisors (EAs).
• Multiple Account Types: Orbex provides several account options—Starter, Premium, Ultimate, and ECN—each designed to meet different trading needs with varying minimum deposits, spreads, and commission structures.
• Educational Resources: A strong emphasis is placed on trader education, offering a comprehensive trading academy, daily market analyses, webinars, e-books, and video tutorials suitable for all experience levels.
• Competitive Leverage: Clients can access leverage up to 1:500 on certain instruments, though this is restricted to 1:30 for clients under CySEC regulation.
• Dedicated Customer Support: Multilingual customer service is available 24/5 via live chat, email, and phone, ensuring prompt assistance for traders worldwide.
• Risk Management Tools: Features like negative balance protection are provided to help mitigate potential losses, especially under volatile market conditions.

Pros

• Strong Regulatory Oversight: Regulation by CySEC and FSC instills confidence regarding client fund security and operational transparency.
• Diverse Range of Trading Assets: A broad selection of instruments allows for extensive portfolio diversification.
• Industry-Leading MT4 Platform: Widely recognized for its robustness, user-friendliness, and comprehensive features.
• Excellent Educational Content: Very beneficial for new traders looking to learn and experienced traders seeking market insights.
• Flexible Account Options: Different account types cater to various trading styles, capital sizes, and experience levels.
• Competitive Spreads: Especially on Premium, Ultimate, and ECN accounts, which offer tighter spreads.
• Negative Balance Protection: A crucial safety net for retail traders.

Cons

• Limited Platform Choice: Only MT4 is offered, which might be a disadvantage for traders preferring MT5 or proprietary platforms.
• Higher Minimum Deposits for Advanced Accounts: The Premium, Ultimate, and ECN accounts, which offer better trading conditions, require significantly higher initial deposits.
• Inactivity Fees: Accounts may be subject to inactivity fees if no trading activity occurs for an extended period.
• Geographical Restrictions: Orbex does not accept clients from certain countries, including the USA.
• Spreads on Starter Account: While commission-free, spreads on the Starter account can be relatively wider compared to other entry-level options in the market.
• Withdrawal Fees: Depending on the payment method and amount, some withdrawal fees may apply.

Pricing

• Spreads:
  • Starter Account: From 1.5 pips (commission-free).
  • Premium Account: From 0.9 pips (commission-free).
  • Ultimate Account: From 0.6 pips (commission-free).
  • ECN Account: From 0.0 pips (with commission).
• Commissions:
  • Applicable only on the ECN account, typically around $5 per lot round turn. Other accounts are commission-free.
• Minimum Deposit:
  • Starter Account: $100
  • Premium Account: $500
  • Ultimate Account: $5,000
  • ECN Account: $5,000
• Swap Fees: Applied on positions held overnight, varying by instrument and market conditions.
• Inactivity Fee: A fee may be charged after a specified period of account inactivity (e.g., 90 days), typically around $10-$20 per month.
• Withdrawal Fees: Varies depending on the withdrawal method (e.g., bank wire transfers may incur fees, while some e-wallet withdrawals might be free up to a certain limit).