Orbex Broker Review 2024

Orbex Broker was established in 2010, and in its first year of operation, it obtained the regulations of FSA Seychelles and FSC Mauritius.

Now, more than 10 years later, Orbex has opened its office in 3 countries, won more than 10 awards, and enabled the trading of 400 assets. But is that all you need to know about Orbex Forex? Definitely not. Join us as we examine this broker from 0 to 100 under the microscope of Trading Finder.

Orbex Company Introduction and Regulation

Orbex, established in 2010, has quickly risen to become a respected name in the online trading industry. With its headquarters in Cyprus and a global presence, Orbex caters to traders worldwide, offering a diverse range of financial instruments. The company prides itself on its commitment to transparency, innovation, and client satisfaction.

Regulation is a critical aspect of any reputable broker, and Orbex doesn't perform very well. The company operates under 2 regulatory frameworks:

• Financial Services Commission (FSC) of Mauritius
• Seychelles Financial Services Authority (FSA)

Both cases are included in the category of offshore regulations. These regulations' licenses are not very valid because they do not have strict rules to monitor the brokers.

Specifications Table

To give you a comprehensive overview of what Orbex offers, here's a detailed table of specifications:

This table provides a snapshot of Orbex's offerings, highlighting its diverse range of trading instruments, competitive trading conditions, and robust platform options.

What Accounts Does Orbex Offer?

Orbex Broker caters to traders of all levels by offering three distinct account types; Orbex Account Types:

All account types offer Access to 400+ trading instruments, Ultra-fast execution (average 0.03 seconds), Negative balance protection and market analysis.

The tiered account structure allows traders to choose an option that best suits their trading style, capital, and experience level.

Advantages and Disadvantages

To help you make an informed decision, let's examine the advantages and disadvantages of trading with Orbex:

While Orbex offers numerous advantages, it's essential to consider these potential drawbacks and how they align with your trading needs and preferences.

Orbex Broker Registration; Step-by-Step Sign-Up Guide

One of the things that Orbex has become famous for is the easy registration of this broker, which can be done in less than 6 minutes. Orbex Forex Registration:

1. Visit the Orbex website and click on "Register";
2. Fill in the registration form with your personal details [first name, last name, email, country of residence and phone number];
3. Check your email for login details;
4. Complete Verification with Proof of ID and Proof of Residence;
5. Choose your preferred account type (Starter, Premium, or Ultimate);
6. Fund the account and start trading.

What are Orbex Trading Platforms?

This Broker provides traders with a selection of powerful and user-friendly trading platforms to suit various preferences and trading styles; Orbex Forex Trading Platforms:

MetaTrader 4 (MT4)

• Industry-standard platform;
• Advanced charting and analysis tools;
• Expert Advisors (EAs) for automated trading;
• Available for Windows, Mac, and mobile devices.

MetaTrader 5 (MT5)

•    Next-generation platform with enhanced features;
•    More timeframes and analytical objects;
•    Advanced Market Depth and economic calendar;
•    Supports trading on centralized and non-centralized financial markets.

WebTrader

•    Browser-based platform, no download required;
•    Compatible with all operating systems;
•    Access to full range of trading instruments;
•    Real-time quotes and one-click trading.

Orbex Mobile App

•    Available for iOS and Android devices;
•    Seamless trading on-the-go;
•    Push notifications for market updates and trade executions;
•    Sync with desktop platforms for consistent trading experience.

Orbex ensures that its platforms are regularly updated and optimized for performance, providing traders with a smooth and efficient trading experience across all devices.

Orbex Fees and Commissions

Understanding the fee structure is crucial for managing your trading costs effectively. Orbex offers a transparent fee structure that varies depending on the account type:

What Methods Does Orbex Broker Supports for Payments?

Orbex provides a wide array of payment options to cater to traders' diverse needs:

• Credit/Debit Cards: VISA MasterCard, Orbex Card (prepaid card for withdrawals);
• E-Wallets: Skrill, Neteller, Perfect Money, FasaPay;
• Online Banking: UnionPay (for Asian markets);
• Cryptocurrencies: Bitcoin, Ethereum, Other major cryptocurrencies;
• Bank Wire Transfer: Available for both deposits and withdrawals.

Orbex's diverse payment options ensure that traders can choose the most convenient and cost-effective method for their needs.

Orbex Copy Trading or Any Growth Plans

Orbex supports copy trading and other innovative solutions for traders looking to diversify their strategies or leverage the expertise of successful traders:

Copy Trading

• Follow and automatically copy trades of experienced traders;
• Choose from a pool of strategy providers;
• Customize risk levels and investment amounts;
• Real-time performance tracking and analytics.

PAMM Account

• Invest in professionally managed accounts;
• Multiple investment options with varying risk profiles;
• Transparent performance history and risk metrics;
• Flexible deposit and withdrawal options.

While these services offer exciting opportunities, it's crucial to remember that past performance doesn't guarantee future results. Always conduct thorough research and consider your risk tolerance before investing in copy trading or PAMM accounts.

 Does Orbex Offers Any Bonuses?

Orbex occasionally offers attractive bonus and promotional plans to reward both new and existing clients. One of their standout promotions is the "x2 Profit" plan:

• Doubles the profit on your first 10 trades
• Maximum bonus of up to $2,000
• Available for new clients opening a real account

While bonuses can provide additional trading capital, it's essential to Read and understand all terms and conditions; Always check the Orbex website or contact customer support for the most up-to-date information on current promotions and eligibility criteria.

Customer Support

Orbex prides itself on providing comprehensive and responsive 24/5 [not available on the holidays] customer support through various channels:

• Phone Support: Multiple international numbers available;
• Email Support: Dedicated email addresses for different departments, typical response time within 24 hours;
• Live Chat: Available directly from the Orbex website, instant assistance for quick queries;
• Support Ticket System: Submit detailed inquiries through your client portal;
• In-Person Meetings: Available at Orbex offices (by appointment), Personalized assistance for complex issues;
• Help Center: Extensive FAQ section.

Orbex's multi-channel support ensures that traders can get assistance through their preferred method of communication, enhancing the overall trading experience.

What are Orbex Restricted Countries?

The licenses obtained by Orbex Forex allow them to operate globally. However, due to regulatory laws and sanctions, there are restrictions, and this broker does not provide its services to some countries, which include:

• United States;
• Cuba;
• Sudan;
• North Korea;
• Syria.

Orbex Broker Trust Scores

User satisfaction is a crucial indicator of a broker's performance. Let's examine Orbex's ratings across popular review platforms such as Trustpilot and ForexPeaceArmy:

• TrustPilot: 4.4 out of 5 based on 500+ reviews;

• ForexPeaceArmy: 3.8/5 stars based on 20+ reviews.

In both sites, there were some positive and negative reviews about this broker; Common themes in positive reviews:

• Fast and efficient trade execution;
• Responsive customer support;
• Comprehensive educational materials;
• Transparent fee structure.

Negative reviews and Areas of improvement:

• Occasional platform downtime during high volatility;
• Failure to obtain license for tier 1 & 2 regulations.

It's important to note that while these ratings provide valuable insights, individual experiences may vary. Traders are encouraged to conduct their own research and possibly start with a demo account to assess Orbex's services firsthand.

Trading Finder Expert Conclusion and Final Words

Orbex is a relatively old brokerage that provides various services, including the possibility of trading more than 400 assets, with nearly 15 years of experience. This brokerage has three trading accounts [Starter, Premium, and Ultimate], each offering a leverage of 1:1000.

On the other hand, Orbex broker also have weaknesses, the most important of which is the lack of authorization from valid regulators such as CySEC or ASIC. Ultimately, the choice is yours to use Orbex Forex services or not.