Orbex review 2024 ++ Good broker or not? Real test

You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time. Orbex is a broker that holds multiple assets for trading and has won multiple rewards. People can also transfer their funds from another broker to their Orbex account. But if they wish to do so, they first need to contact the broker from where the funds need to be transferred and check if they would allow and process such a transfer.

1. The contract size for all these is 10, and you can trade up to 20 lots.
2. We saw that Orbex offers a variety of ways for funding which is a great plus per se.
3. There are several free ebooks, video training courses, a webinar series and online lessons.
4. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.
5. With this account, you will get exclusive monthly webinars and live trade, free premium signals, free VPS, access to their advanced educational materials, and one-on-one trading sessions with a professional.

The customer support is responsive, and you can find answers to common questions in their frequently asked questions (FAQ) section. This broker offers a mobile app for both Android and iOS devices. This mobile app allows you to stay updated on market conditions and manage your account and positions directly from your compatible mobile devices. Leverage is the ability to borrow funds that can potentially increase the size of your trades and, in turn, your potential profits. It’s always defined within regulatory limits in each jurisdiction. Broker Orbex, through its MFSC regulation, provides favorable conditions for high leverage trading to all its customers.

What trading platforms does Orbex offer?

This fund protects traders to the sum of €20,000 should the broker be unable to pay out returns. At the time of writing, Orbex doesn’t offer any no deposit bonuses, welcome deals or rebate promotions. Traders can, however, access a free VPS, regular market analysis and a series of video tutorials. The app is available for both Android- and iOS-powered mobile devices and receives good trade99 review reviews from mobile traders.

What is the Orbex minimum deposit?

In summary, Orbex is a regulated broker that caters to traders of all levels, from beginners to professionals. They offer a variety of account types, extensive platform features, and a range of free tools to enhance the trading environment. Whether you prefer fixed or floating spreads, OTC or ECN connections, or specific trading strategies, it has options for you.

DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. Yes, Orbex Global Limited is licensed to provide its services to many countries outside the EU, such as Venezuela. All sensitive data is backed up and transfers use Single Sockets Layer (SSL) encryptions. Orbex also conforms to security standards set out by the regulatory agencies it operates under. All information on 55brokers.com is only published for general information purposes.

You can also access educational webinars and seminars, as well as a glossary with terms and definitions commonly seen in the trading industry. The articles within Orbex’s educational hub can be sorted by popularity, so you can see what your fellow traders are finding valuable at the moment. One potential problem, however, is that neither stocks or cryptocurrencies are available for trading from this broker.

Products offered by Orbex

Alternatively, you can request a call-back using a website form. There is a mobile version of the MT4 platform for clients who like to trade and monitor their accounts while away from their computers. The Orbex app supports every order type available on the desktop version, though with fewer charting and indicator options. In addition, there is a choice between the flexible or floating spreads, OTC or ECN connection, as well as strategies to choose from. The beginning traders can benefit from free educational tools, while the professionals are supported by dedicated tailored services.

Furthermore, it is available for Islamic traders, offering them the option to join through a swap-free account feature, allowing them to trade without rollover commissions. Orbex offers 24/5 customer support available via e-mail, live chat, and a callback function. The help center attempts to answer most questions, and Orbex explains its products and services well. The only item missing is a direct line to the finance department, where most issues arise.

Orbex Limited is regulated according to the best regulatory standards of the CySEC, while Orbex Global Ltd. is regulated by the Mauritius Financial Services Commission (FSC). Obex may face a suspension of its CySEC license or other significant penalties for non-compliance with the laws and regulations passed down from the EU and the CySEC. To promote further confidence among investors, Orbex also protects its customers against internal bankruptcy or insolvency procedures through the Investor Compensation Fund (ICF). The ICF is a popular European compensation scheme that protects traders for their trading capital of up to €20,000. Hence, investing your capital with Orbex is a relatively safe bet, particularly due to the regulatory protection offered by the CySEC and the European MiFID.

Yet, again be sure to verify account conditions with customer support as regulations in particular jurisdictions apply. We also very much appreciate the fact that all of these payment methods are processed free of charge by the broker, both when making deposits and withdrawals. The spreads at Orbex Broker are determined based on the type of account you have.

What is Forex Spread and how to calculate it?

You may choose to fund your demo account with up to $5,000,000 in free virtual funds and test your trading skills on any Orbex MT4 platform. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. Orbex higher expensive trading costs in its commission-free account but lowers them to the industry average in its commission-based alternative. Deposits above $25,000 receive a highly competitive pricing environment. Orbex offers MT4 to its traders, a reliable platform that is held in high regard. The broker also offers MT4’s MultiTerminal platform for account managers, allowing access to several accounts at once.

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You cannot send your funds to other brokers through Orbex, but alvexo forex broker it does accept any transfers that come from other brokers. To add more funds to your demo account, you will have to email Orbex’s back office ([email protected]), and they will take care of the rest. Orbex publishes articles on technical and fundamental analysis for the assets they offer.

The commission-based alternative provides traders with raw spreads on major currency pairs for a commission of $8.00 per round lot, placing it near the industry average. Orbex offers a highly competitive cost structure for $25,000+ deposits, lowering commissions to $5.00 per lot. 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.