Orbex Review 2024

Orbex review
Orbex Fees Explained

• Orbex doesn't charge withdrawal fees.
• Orbex does not charge a fee for inactive accounts.
• Orbex doesn't charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from Orbex are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.

Orbex Costs To Check

Modern brokers like Orbex provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, Orbex may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall Orbex trading profitability.

How Orbex Fees Compare Against Other Brokers

Orbex Minimum Deposit

Orbex requires a minimum deposit of 500 GBP/USD/EUR when opening an Orbex trading account.

A minimum deposit is the minimum amount of money required by Orbex to open a new online brokerage account with them.

Don't be scared off by brokers like Orbex charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like Orbex, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

Orbex Withdrawal Fees

Orbex doesn't charge withdrawal fees.

Orbex Withdrawal rules may vary across different brokers when it comes to transferring funds from your Orbex or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with Orbex may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the Orbex withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from Orbex. Researching and comparing Orbex withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing Orbex funds frequently or dealing with large sums of money. Awareness of these Orbex fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your Orbex funds.

For example, Orbex allows you to withdraw your funds to Credit cards, Bank Transfer, Neteller, WebMoney, FasaPay, Debit cards, .

Orbex Inactivity Fees

Orbex does not charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by Orbex terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all Orbex fees and services. It's recommended that you check the Orbex website before signing up. If you decide to close your Orbex account, it's important to do so with the Orbex broker customer support and obtain confirmation that no remaining Orbex fees are due.

Brokers like Orbex must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

Orbex Deposit Fees

Orbex does not charge deposit fees. Although bank / 3rd party merchant fees may apply.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

Orbex Commission Fees

Orbex does not charge commission on CFD instruments.

Brokerage firms like Orbex may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the Orbex trading account level held by the trader.

Orbex may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing Orbex terms and conditions to understand the commission fees and any other charges that may apply is essential.

Orbex review
Trading on Orbex web platforms and other applications

Orbex offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

A Orbex iOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device.

Orbex also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See Orbex's platforms

Is the Orbex Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the Orbex trading platform to protect you on PC and mobile Orbex platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using Orbex web trading platforms.

Orbex Trading Platform Options

After logging into your Orbex account, you'll find a range of trading platform options available below.

• MetaTrader 4 (MT4)

Please be aware that Orbex does not currently support the MetaTrader 5 (MT5) trading platform. However, if you're looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link.

Orbex does not support the cTrader trading platform. However, if you're looking for a broker that does offer cTrader, you can explore other options available through the provided link.

Let's explore each of these trading platforms in detail and what options Orbex gives you.

Orbex review
Orbex MetaTrader 4 (MT4)

Orbex MetaTrader 4 (MT4) In Detail

MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on Orbex offers traders comprehensive features and tools to enhance their trading performance. The Orbex MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the Orbex platform to their needs. One of the standout features of MT4 is its charting functionality, which allows Orbex traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give Orbex traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 Orbex trading platform.

MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF's on the Orbex MetaTrader 4 (MT4) trading platform. MT4 is a platform available with Orbex, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. The Orbex MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading. Orbex allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click here.

You can start using the MetaTrader 4 platform with Orbex in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers. Orbex MetaTrader 4 is compatible with the latest macOS. Orbex allows traders to trade on mobile devices through Android and iOS devices like the iPhone.

Metatrader 4 Webtrader on Orbex

MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.

The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.

Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.

Trade Orbex MetaTrader 4 on iOS Devices

You can download the Orbex app or trade with Orbex through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program free of charge from Apple's App Store. Orbex customers have instant access to the financial market and can completely manage a Portfolio on the go.

Trade Orbex MetaTrader 4 on Android Devices

Millions of people worldwide use Android mobile devices and tablets, and Orbex offers its clients access to the MetaTrader 4 platform on these devices. With the Orbex MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing Orbex traders to stay on top of their trades and react quickly to changes in the market. With the Orbex MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.

Trade Orbex MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators available on Orbex are a powerful bundle of three major indicators designed to help traders make informed decisions. Orbex MT4 Trading Central indicators include:

• Analyst Perspectives - A valuable resource for traders seeking leadership insights and key levels.
• Adaptive Candlesticks - This indicator is capable of identifying chart patterns that highlight significant changes in demand and supply.
• Adaptive Divergence Convergence (ADC) - Similar to MACD, but with greater utility at shorter lengths, this indicator provides more timely signals.

Trading Centrals Alpha Generation Indicators can help Orbex traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing Orbex traders to potentially stay one step ahead.

Orbex MetaTrader 4 Advanced Trading Tools

The Orbex MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give Orbex traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, Orbex provides traders with everything they need to succeed. The Orbex MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing Orbex traders to analyze the market at any level of complexity.

Trade Orbex MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.

It's important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn't allow automated trading scripts such as Expert Advisors.

This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.

Orbex MetaTrader 4 AutoChartist

Autochartist on the Orbex platform is a powerful tool designed to help traders find trading opportunities quickly and easily.

Available for Orbex MetaTrader 4 Autochartist can scan the market using an expert advisor script.

With Autochartist, Orbex traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save Orbex users time and makes the trading process more efficient.

The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. Orbex traders can navigate the platform and find the information they need to make informed trading decisions.

Orbex Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for Orbex traders of all experience levels.

Orbex Trading benefits

• Orbex Allows scalping
• Orbex Allows hedging
• Orbex Offers STP

Orbex Trading Accounts Offered

Below we give an overview of the account types that Orbex offer. Whatever you are looking to trade, the varying Orbex account types will be able to provide you with what you need.

• Orbex Demo account
• Orbex Mini account
• Orbex Standard account
• Orbex ECN account
• Orbex STP account
• Orbex Managed account
• Orbex Islamic account

Can I try Orbex?

Orbex provides a demo account that enables individuals to explore trading before investing their funds. By creating a Orbex practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the Orbex demo account can help individuals to make informed decisions before investing their money.

Open a demo Orbex account to practice and trade.

Losses can exceed deposits

Orbex withdrawal and funding methods

It's essential to remember that the payment methods provided by Orbex vary based on the Orbex entity and the Orbex client's country of residence. To view the Orbex payment options available, you can log into your Orbex member's area.

Orbex offers various funding payment methods listed in your Orbex dashboard if available in your region. To learn more about the Orbex funding and withdrawal options available in your area, you can explore the Orbex website.

Orbex provides several payment methods for funding your Orbex account. You may utilize any of these deposit options if they are available in your region. Orbex ensures that users have multiple payment methods to choose from, making it more convenient for verified Orbex account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the Orbex user's location. learn more about Orbex funding and withdrawal methods.

Orbex Payment Methods

Some Orbex payment methods are local and are available only to specific regions. Orbex account holders should check which payment methods are provided in your region.

• Orbex accepts Credit cards
• Orbex accepts Bank Transfer
• Orbex accepts Neteller
• Orbex accepts WebMoney
• Orbex accepts FasaPay
• Orbex accepts Debit cards

How can I start trading with Orbex?

To open a trading account with Orbex, individuals can sign up on the Orbex website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for Orbex account validation and making a deposit. Once completed, Orbex users can download the trading platform of their choice.

It's important to note that Orbex requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps Orbex maintain a trustworthy financial environment for its 10,000 users. Detailed information on the Orbex trading platforms is available on their website.

Losses can exceed deposits

Performing trades with Orbex

When using Orbex, the minimum trade size is typically 0.01 Lot units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. The maximum trade requirements on eToro can vary depending on the specific trader and instrument being traded. With the ECN and STP execution methods offered by the platform, traders using Orbex can enjoy tighter spreads and greater transparency when it comes to the pricing of their trades.

Like other brokers, Orbex margin requirements can differ depending on the traded instrument.

Education Resources at Orbex

To trade effectively with Orbex, it's important to have a good understanding of the Orbex trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with Orbex and externally.

Orbex . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with Orbex. Familiarizing yourself with the Orbex trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using Orbex. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with Orbex involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like Orbex, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with Orbex. Explore the Orbex platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with Orbex, before live trading.

Customer Support at Orbex

As part of our Orbex review, we review customer service options, response times and problem resolution effectiveness on the Orbex trading platform. The Orbex trading platform supports multiple languages, which includes English, Arabic, Chinese, Spanish, German, Polski, Russian, Japanese, Italian, Imdonesian, Persian.

Orbex Available Support Types

Orbex have a double AA grade support rating because Orbex offer live chat and email support in multiple languages.

Livechat Support at Orbex

Our experience with the Orbex live chat was positive. We received a response within 30 seconds of sending a message through their app and website. Overall, great live chat support from Orbex.

We tested communicating with Orbex customer support in multiple languages and countries. Orbex made an effort to resolve the issues we had.

Email Support at Orbex

Our experience with Orbex email support was positive. We sent 25 emails at different times and received responses within an average of 2 hours. The fastest response was less than 15 minutes, while the slowest was 7 hours. Although response times may vary, we found their team to be helpful and knowledgeable in resolving our queries.

Phone Support at Orbex

Our experience with Orbex phone support was positive. The team answered the call in under 5 minutes and successfully resolved our queries over the phone. We appreciated their efforts in catering to multilingual support. Overall, a great phone support experience with Orbex.

See how Orbex Support Compares Against Other Brokers

What you will need to open an account with Orbex

As Orbex is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).

As a new client of Orbex, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with Orbex in your region. During the Orbex account opening process, you will be asked to provide Orbex with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with Orbex have the following documents available.

• Orbex require a scanned colour copy of your passport, driver's license or national ID card.
• A recent utility bill or bank statement that confirms your residential address for Orbex compliance. This must be dated within the last six months.
• If you plan to fund your Orbex account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the Orbex platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under Orbex Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring Orbex's platform.

However, remember that you won't be able to make trades on Orbex until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the Orbex KYC compliance process as soon as possible to avoid any delays in accessing the Orbex platform's features.

It is important to note that Orbex may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the Orbex platform and features immediately. However, you must pass the verification process to start live trading with Orbex, which can take up to a few business days.

To start the process of opening an account with Orbex you can visit the Orbex trading platform here.
Losses can exceed deposits
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://www.orbex.com/ on April 17, 2024.

Orbex review written by Andrew Blumer and Mark Hansen