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ORBEX Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.orbex.co..., the company's legitimate regulatory information CyprusCYSECMarket Maker (MM), United KingdomFCAEuropean Authorized Representative (EEA) to enhance the security of the company's address 82 Street, 6, Kato Polemidia, 4153, Limassol, Cyprus.

ORBEX Forex Broker

Basic Information

Registered Region
Cyprus
Operating Period
--
Company Name
ORBEX Ltd
Abbreviation
ORBEX
Company employee
--
Customer Service Email Address
support@orbex.com.cy
Contact Number
+35725588855
Company address
82 Street, 6, Kato Polemidia, 4153, Limassol, Cyprus.
Keywords
10-15 years
Regulated in Cyprus
Market Maker (MM)
MT4 Full License
United Kingdom European Authorized Representative (EEA) Revoked
High potential risk

Company profile

ORBEX Review SummaryFounded/Registered Country/RegionCyprusRegulationCYSECMarket InstrumentsForex, precious metals, energies, indicesDemo Account✅Islamic Account✅LeverageUp to 1:500SpreadFrom 1.5 pips (Starter account)Trading PlatformMT4Minimum Deposit$100Customer Support24/5 support, live chat, contact formTel: +357 25588855; +357 25588853Email:support@orbex.com.cyAddress: 82 Street, 6, Kato Polemidia, 4153, Limassol, CyprusFacebook, X, LinkedIn,TwitterORBEX Information ORBEX is a regulated broker, offering trading on forex, precious metals, energies, indices, and market holidays with leverage up to 1:500 and spread from 0.0 pips on the MT4 trading platform. The minimum deposit requirement is $100.Pros and ConsPros Cons Regulated by CYSECTrading fees appliedDemo accountsVarious trading productsMT4 platformNo deposit and withdrawal feesLive chat supportPopular payment optionsIs ORBEX Legit? Yes. ORBEX is licensed by Cyprus Securities and Exchange Commission (CYSEC) with license number 124/10 to offer services and provides negative balance protection.Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.CyprusCYSECRegulatedORBEX LtdMarket Maker (MM)124/10What Can I Trade on ORBEX? ORBEX offers trading on forex, precious metals, energies, and indices. ORBEX Clients can execute trades 24 hours a day from 00:05 on Monday until 23:30 on Friday (Cyprus Time), except for some instruments which halt at different times, such as a break.Tradable Instruments Supported Forex✔Precious Metals✔Energies✔Cash Indices✔Futures Indices✔Stocks❌Cryptocurrencies❌Bonds❌Options❌ETFs❌Account Type ORBEX offers demo accounts and Islamic (Swap Free) accounts. And here are four account types ORBEX offers: Starter account, Premium account, and Ultimate account.Account TypeMinimum DepositStarter $100Premium $500Ultimate $25,000Leverage ORBEX offers maximum leverage at 1:500 for all account types. The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.ORBEX FeesAccount TypeSpread CommissionStarterFrom 1.5 pips$0Premium From 0.0 pips$8Ultimate $5Trading PlatformTrading PlatformSupported Available Devices Suitable for MT4✔Desktop, MAC OS, Android, iPhone, Multi TerminalBeginnersMT5❌/Experienced tradersDeposit and Withdrawal Orbex accepts payments Credit/Debit cards, Skrill/Moneybookers, Neteller, Wire Transfer, and Klarna/Sofort.Payment OptionsDeposit/Withdrawal Fees Deposit Time Withdrawal TimeSkrill0Up to 2 hoursUp to 24 hoursDirect Debit / Credit Cards3-5 business daysBank Wire3-5 business daysNETELLERUp to 2 hoursUp to 24 hoursKlarna/Sofort

Rating Index

STARTER

Minimum Deposit
100

PREMIUM

Minimum Deposit
500
How to login to ORBEX?
Orbex Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Orbex Account Registering for an Orbex account is a straightforward process that typically takes only a few minutes. Follow these detailed steps to successfully c

  

Orbex Forex Broker - Complete Information Guide

  

1. Broker Overview

  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.

  

2. Regulation and Compliance Information

  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.

  

3. Trading Products and Services

  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:

  • Indices: Popular global indices such as the S&P 500, NASDAQ, and FTSE 100.
  • Commodities: Trading opportunities in precious metals like gold and silver, as well as energy products like oil.
  • Cryptocurrencies: Limited options are available, allowing traders to speculate on major cryptocurrencies.

  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.

  

4. Trading Platforms and Technology

  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.

  

5. Account Types and Trading Conditions

  Orbex offers three main account types to cater to different trading needs:

  • Starter Account: Requires a minimum deposit of $100, with variable spreads starting from 1.5 pips and no commissions. This account is ideal for beginners.
  • Premium Account: Requires a minimum deposit of $500, offering spreads from 0.0 pips and a commission of $8 per lot. This account type is suited for more experienced traders.
  • Ultimate Account: Designed for professional traders, this account requires a minimum deposit of $25,000, with spreads starting from 0.0 pips and a lower commission of $5 per lot.

  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.

  

6. Fund Management

  Orbex supports a variety of deposit methods, including:

  • Bank Wire Transfers
  • Credit/Debit Cards (Visa, MasterCard)
  • E-wallets (Skrill, Neteller, Webmoney, Perfect Money)

  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.

  

7. Customer Support and Educational Resources

  Orbex provides comprehensive customer support through various channels, including:

  • Email
  • Live Chat
  • Phone Support

  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.

  

8. Regional Coverage and Restrictions

  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.

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Latest Reviews

FX2903987236

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

FX3508815941

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

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

ORBEX Forex Broker has an overall rating of 6.53, Regulatory Index 6.67, License Index 6.67, Business Index 8.58, Software Index 9.47 Risk Control Index 0.00.