Orbex is an established Forex and CFDs trading company operating since 2011. The broker is a Cyprus-based company with multiple international offices. Since its inception, Orbex stands out with a successful history of operation offering competitive trade conditions backed up by a sophisticated technological background, and a full range of trading services of multi-asset trading and educational resources.
In addition, Orbex serves representative offices in the MENA regions, in Kuwait and Jordan, making its offering even beyond with an expansion to trading services. Also, Orbex expands its horizons with an international proposal as the broker opened an entity in Mauritius with access to high leverage and received a local financial license from FSC.
Orbex Pros and Cons:
Based on our expert research, Orbex is a reputable CFD broker providing excellent trading conditions with sophisticated tools. We also marked among the broker’s offerings a great choice of MT4 leading-edge trading platform with the fast online account opening and free demo account. Among other benefits, the broker provides relatively low spreads with no commissions charged for deposit/withdrawal processes.
For the negative aspects, the broker no longer holds CySEC regulation and has a limited asset portfolio with only Forex and CFD instruments among the offerings. Another disadvantage is that its customer support is available only on working days.
Orbex Account Types:
Based on our findings, Orbex offers four account types either with all costs built into a spread or fixed and variable, and another two are raw spread accounts from 0 pips with trading fees built into a commission charge where a commission is only 5$ for an Ultimate account. Yet, again be sure to verify account conditions with customer support as regulations in particular jurisdictions apply.
Deposit Options:
Orbex offers one of the fastest transaction processing through a variety of payment methods including
Neteller
Credit/ Debit cards,
Skrill,
WebMoney,
fasapay
Wire Transfer
Zota Afica
What is minimum deposit for Orbex account?
The minimum deposit for Orbex depends on the account type you choose to trade. For the starter account type, it is $100, for Premium $500, and for the Ultimate, it’s $25,000. Also, note that the conditions and strategies vary depending on the account type, too.
