Orbex, founded in 2010, is a well-established online trading platform headquartered in Limassol, Cyprus, with operational offices in multiple international locations. The company operates under the ownership of Orbex Group Limited and is recognized for providing a wide range of trading services to retail and institutional clients. Orbex broker has developed a reputation for offering competitive trading conditions, advanced technological solutions, and a user-friendly interface.
The broker has undergone significant growth since its inception, achieving several milestones, including the acquisition of multiple regulatory licenses and recognition within the industry. Over the years, Orbex has been awarded various accolades for its customer service and trading conditions, solidifying its position as a reputable player in the forex market.
As a multi-regulated broker, Orbex primarily focuses on retail forex trading, providing clients with access to a variety of trading instruments, including CFDs on commodities, indices, and cryptocurrencies. The company's mission is to empower traders through education and support, ensuring they can make informed investment decisions.
Orbex is regulated by several reputable authorities, including the Cyprus Securities and Exchange Commission (CySEC), which issues the license number 124/10, and the Mauritius Financial Services Commission (FSC). The broker also holds a license from the Seychelles Financial Services Authority (FSA). These regulatory bodies impose strict standards to ensure the safety and security of client funds.
The licenses held by Orbex allow it to operate within a well-defined legal framework, providing services across multiple jurisdictions. Client funds are kept in segregated accounts, ensuring that they are protected from the broker's operational funds. Additionally, Orbex participates in an Investor Compensation Fund (ICF), which offers coverage of up to €20,000 in case of insolvency.
To comply with international standards, Orbex implements Know Your Customer (KYC) and Anti-Money Laundering (AML) measures, ensuring that all clients undergo a verification process before trading. This commitment to regulatory compliance enhances the trustworthiness of the Orbex broker.
Orbex offers a diverse range of trading products, making it a versatile choice for traders of all experience levels. The broker provides access to more than 60 currency pairs, including major, minor, and exotic pairs. In addition to forex, traders can engage in CFD trading across various asset classes, including:
Orbex continuously updates its product offerings to meet market demands, ensuring that traders have access to the latest trading opportunities. The broker also provides retail trading services, along with institutional client solutions, including white-label offerings and asset management services.
Orbex primarily utilizes the MetaTrader 4 (MT4) platform, which is widely regarded as one of the best trading platforms in the industry. The MT4 platform offers advanced charting tools, technical indicators, and automated trading capabilities through Expert Advisors (EAs). Additionally, Orbex has recently introduced MetaTrader 5 (MT5), which provides enhanced features and functionalities for traders.
The broker also offers a web-based trading platform, allowing users to trade without downloading any software. For mobile traders, the Orbex mobile app is available on both iOS and Android, providing a seamless trading experience on the go.
Orbex operates under a No Dealing Desk (NDD) execution model, ensuring fast and reliable trade execution with minimal slippage. The broker's technical infrastructure is supported by top-tier liquidity providers, enabling traders to access the best market prices.
For algorithmic trading, Orbex provides API access through its FIX API, allowing institutional clients and advanced traders to connect their trading solutions directly to the broker's infrastructure.
Orbex offers three main account types to cater to different trading needs:
All account types offer a maximum leverage of 1:500, allowing traders to maximize their trading potential. The minimum trade size is 0.01 lots, and overnight fees apply based on the positions held.
Orbex supports a variety of deposit methods, including:
The minimum deposit requirement varies by account type, with the starter account requiring $100, the premium account $500, and the ultimate account $25,000. Deposits are typically processed within a few hours, while bank wire transfers may take 3-5 business days.
Orbex does not charge any internal fees for deposits or withdrawals, although third-party payment providers may impose their own fees. Withdrawals are processed within 24 hours, with bank transfers taking longer depending on the recipient's bank.
Orbex provides comprehensive customer support through various channels, including:
Customer service is available 24/5, and support is offered in multiple languages, including English, Arabic, Spanish, German, and more. The broker's help center contains extensive resources to assist clients with their inquiries.
In terms of educational resources, Orbex offers a wealth of materials, including webinars, tutorials, e-books, and market analysis. Traders can benefit from daily market insights, technical analysis, and research reports, helping them make informed trading decisions.
Orbex serves a global clientele, with a strong presence in Europe, Asia, Africa, and the Middle East. However, the broker does not accept clients from certain jurisdictions, including the United States, Iran, North Korea, and Romania, due to regulatory restrictions.
The broker has established regional offices in various countries to enhance its support and services, ensuring that clients receive localized assistance tailored to their needs.
In conclusion, Orbex broker is a well-regulated and reputable trading platform that offers a variety of trading products, competitive conditions, and robust educational resources. While there are some concerns regarding its regulatory status, the broker remains a viable option for traders looking for a reliable and comprehensive trading experience.
FX3508815941
Turkey
Orbex fx is deceiving customers by promising a 150% bonus for investment and thus persuading investors to make investments, then without any reason, it withdraws the bonus defined while the investor's trades are still ongoing and forces the investor to stop out. Afterwards, it does not compensate for its mistake. 🌑 It is definitely not a reliable institution. The so-called 150% bonus is a trap aimed at deceiving people, I do not recommend anyone to invest.
Exposure
2024-12-02
FX1304438350
Turkey
When you open an account with ORBEX, they send you free signals and share the trades they open and close daily. ORBEX's balance is shown to be very strong, so it never loses and appears to make money. I lost 40,000 USD, I was officially scammed...
Exposure
2024-10-24
FX2903987236
Belgium
Hello, I am writing to formally file a complaint against the broker Orbexforex.com, which operates as the offshore branch of Orbex.com. This broker has deducted 3% for deposits and another 3% for withdrawals, amounting to a total of 6% of my funds, without prior notification or my explicit consent. Despite my inquiries, they have failed to provide a clear explanation for these charges. Additionally, their customer support team has been disrespectful and unprofessional in their responses. The broker's high spreads and excessive commissions make it nearly impossible to trade profitably. Moreover, slippage and candle manipulation occur frequently, further disadvantaging traders. It is evident that Orbexforex.com has turned into a platform for exploiting traders, hiding under the guise of regulatory oversight and leveraging aggressive marketing campaigns to attract unsuspecting clients. I kindly request that this matter be thoroughly investigated and appropriate action be taken against
Exposure
01-01