Orbex is a global multi-asset Forex broker that has won numerous industry awards for its comprehensive, feature-rich offering, and competitive spreads and fees.

Orbex was first established in Cyprus in 2010 and presently has main offices in both Cyprus and Mauritius.

Is Orbex Regulated?

Yes, Orbex Limited, based in Cyprus, is regulated by the Cypress Securities and Exchange Commission (CySEC), while Orbex Global Ltd is regulated by the Mauritius Financial Services Commission (FSC). 

According to the official website, Orbex Limited is under regulation for a cross-border license under the auspices of the Financial Instruments Directive (MiFID II) and is a member of the Cypriot Investor Compensation Fund (ICF). 

Orbex Global Ltd is under regulation for a license to provide services outside of the EU, where domestic regulations do not prohibit its operation. 

Orbex’s regulations provide traders both in and outside of the EU with comprehensive client protection measures, including participation in a client compensation scheme, and regular audits. 

Is Orbex Regulated in the United States?

No, Orbex is not regulated in Virginia or any other US state. 

Is Orbex Regulated in Europe?

Yes. Orbex has been regulated in Europe since 2007 by the Cypress Securities and Exchange Commission (CySEC). In Europe, Orbex offers cross-border investment services as a regulated Forex broker Europe. 

Is Orbex regulated in a Tier-1 Jurisdiction?

According to the Orbex website, Orbex is regulated under Tier-1 jurisdiction. 

Tier-1 jurisdiction is specially set up to provide operational licensing in designated countries. These countries consist of Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Israel, Japan, Luxembourg, Netherlands, New Zealand, Norway, Puerto Rico, Singapore, Sweden, and Switzerland.

Is Orbex regulated in Tier-2 Jurisdiction?

According to the official Orbex sources, Orbex is regulated under Tier-2 jurisdiction. 

Tier-2 jurisdiction is also set up to provide operational licensing in specific countries, which include British V.I., Cayman Islands, Cyprus, Italy, Malaysia, Mexico, Poland, Portugal, Spain, and Taiwan.

What are the Platforms and Tools for Forex Trading in Orbex?

Orbex offers traders access to the highly regarded MetaTrader 4 platform, as well as Android Trader. These platforms will provide users with comprehensive trading features.  

1. MetaTrader 4 from Orbex is very popular in the Forex trading industry for its user-friendly but advanced trading tools. These include ECN trading, market research, and trailing stop features. The platform can be downloaded as both desktop and multi-terminal versions. 
2. Android Trader from Orbex allows users to download all of the MT4 trading features directly to their Android devices. The platform gives traders complete control over their trading account, supports all types of orders, and is compatible with a wide range of devices.  

Does Orbex Have a News Blog for Forex News?

Yes. Orbex has a free news blog under the Weekly Reports section of the broker website. 

The news blog can be accessed for free and provides a weekly fundamental bulletin consisting of important news events that may impact currency movements around the world.  

Does Orbex Have a Traders Dashboard?

No, Orbex does not have a Traders Dashboard. This is a feature that gives traders an overview of current market events and updates on the movements from the currency markets.

Does Orbex Have an Educational Section?

Yes, Orbex has an education system for Forex Traders. The education section can be accessed for free from the broker’s website and consists of different sections with various learning resources. 

What is the content of Orbex Forex Education?

The Webinars section offers a comprehensive series of online video tutorials, while the eBooks section has free books which can be downloaded from the website on the creation of a demo account. 

The broker further offers free Forex video courses that cover everything from trading education to platform tutorials, while the Tutorials section provides categorized learning manuals and market insights. 

The educational section from Orbex should be used by all beginner traders. Intermediate traders may also benefit from the technical platform tutorials. 

Is Orbex Legit?

Yes, Orbex is a legit Forex Broker and Trade Platform. Orbex has CySEC and FSC certificates to perform Forex Broker and trading services.

Is Orbex Safe?

Orbex is a reliable and safe Forex Trade platform in terms of its regulation and safety protocols. The broker is regulated in two global jurisdictions, as described below:

• CySEC regulates Orbex  in the cross-border European Economic Area
• The FSC regulates Orbex in Mauritius and in regions outside of the EU

Orbex maintains client funds separate from its proprietary funds/accounts and hands all such funds only for their specified purpose.

Is Orbex a Good Broker?

Yes. According to the Forex Suggest review, for security, trading speed, and online support, Orbex is a good broker. 

1. In terms of trading speed, trades are facilitated on the MetaTrader platform which integrates fast ECN execution for the enactment of direct market orders. 
2. In terms of security, Orbex provides enhanced security of clients’ funds and high professionalism in financial matters. Orbex adheres to the strictest international regulatory bodies to give traders the safest trading environment.
3. In terms of online support, Orbex offers a live chat option that provides direct access to a customer support team member for a fast and professional response to any number of client queries, answered in real time. 
4. The only drawback to Orbex is in terms of its cryptocurrency offering. Orbex does not offer trading in cryptocurrencies at this stage. 

What is the Offering of Investment in Orbex?

Offerings of Orbex can be found below.

Does Orbex have Nasdaq?

Yes, Orbex offers traders the option of trading CFDs on the Nasdaq 100 Stock Index. The Nasdaq index is the second-largest stock exchange in the world, based in America. It features the shares of the top 100 companies in the world. 

What are the Awards of Orbex?

Forex Trading Platform Orbex’s awards are listed below.

• Best Trading Conditions award from Dubai Forex Expo 2020
• Best Forex Broker 2020
• Best Forex Broker in 2019
• Best Trading Education Provider in 2018
• Best Education Provider 2016’ Award by FXDailyInfo
• The Best Forex Affiliate Program at the 2016 AtoZ Forex Awards
• Best FX Forecast & Strategy provider 2013 at the Mena 12th Forex Show
• Most Innovative ECN Broker for the year 2013 award at the 8th Jordan Forex Expo 2013

• Best FX Technology provider 2013 at the 4th Saudi Money Exhibition and Conference

How to Use Orbex for Forex trading?

To use Orbex, a forex trader should have the necessities below:

1. A copy of their identification documents
2. They should be 18 years or older
3. They should be able to afford the minimum deposit of $200

If a Forex Trader has the conditions above, they can open a forex trading account to use Orbex. 

How to open a Forex trading account with Orbex?

To open a Forex Trading account with Orbex, a trader should follow the steps below.

• Submit the Instant Registration form and click on Continue on the Orbex website.
• Note: On the Real Account registration link, you have the option to choose between registering an Individual Account, Joint account, or a Corporate Account.
• An automated email will be sent to verify your email address, please click on it and further proceed on activating your MyOrbex (client area) access.
• Set your MyOrbex area password and access it to complete your registration form (KYC) and upload the required documents.
• Deposit Funds into your Orbex Wallet.
• Receive your Trading Account login Details and start trading

What is the Forex Trader Account Types with Orbex?

Forex Trading Platform and Financial Asset Management Institution Orbex have 5 different account types. Every Forex trading account type has different features and conditions with Orbex. 

Orbex Account Types are listed below. 

1. Demo Account

2. Starter Account

3. Premium Account

4. Ultimate Account

5. Swap-free Account

• Demo Account

The free demo account from Orbex is funded with virtual currency and will allow traders to test the broker’s trading conditions before signing up for a real account. 

Using real-time trading conditions but funded with virtual currency, the demo account gives traders access to the trade features on the MetaTrader 4 platform. 

• Starter Account

The Starter account is Orbex’s most basic account option, and is best suited to beginner traders, with the lowest minimum deposit requirement, amongst the other account features described below:

• Minimum deposit: $200
• Spread: variable spread
• Commissions: no commission
• Leverage: up to 1:500
• Webinars: monthly webinar
• Scalping: yes
• Trading Central: yes
• Execution type: NDD

• Premium Account

The Premium Account from Orbex is designed for more advanced traders who require more advanced trading features, and broader market access. 

• Minimum deposit: $5000
• Spread: 0 pips
• Commissions: $8
• Leverage: up to 1:500
• Webinars: Exclusive webinar and live trading
• Scalping: yes
• Trading Central: yes
• Execution type: NDD
• 1 on 1 training 

• Ultimate Account

The Ultimate Account from Orbex is designed for professional-grade traders who require an advanced trading environment and ultra-fast trading conditions.

• Minimum deposit: $25 000
• Spread: 0 pips
• Commissions: $5
• Leverage: up to 1:500
• Webinars: monthly webinar
• Scalping: yes
• Trading Central: yes
• Execution type: NDD

• Swap-free Account

Orbex offers Swap-free, Islamic Accounts, which are designed for traders of the Muslim faith. Users on the Islamic Account will not incur interest on positions held overnight, as this is strictly prohibited by Sharia law. 

How to Withdraw Money from Orbex?

To withdraw money from Orbex, the following should be done:

• To withdraw your funds you must first transfer the withdrawing amount from your trading account to your wallet account. To do so, simply select the Transfer Funds option within your MyOrbex area and follow the prompts.
• Then, select the Withdraw Funds option and choose the Wallet account you have transferred the funds to. You will then select the withdrawing method you wish to have your funds withdrawn to:
  • Online Payment Gateway stands for any electronic method available, including card withdrawals.
  • Bank Wire Withdrawal option allows you to wire funds back to the bank accounts you have previously added via the My Banks section.
• Withdrawing amounts must be transferred back to the same sources of deposit until the original amounts have been covered. Direct Debit/Credit Card, has higher priority over other deposit methods to withdraw through and cover the deposited amounts by which.
• Profit withdrawals or any amount over the initial deposits can only be sent by bank transfer or exceptionally via Skrill depending on the amount and upon finance department approval.
• The minimum amount to withdraw via Bank Wire Transfer is 200 while it’s 50 via Electronic Methods (which also includes credit card payments).

How many days do deposits take with Orbex?

All electronic transactions take up to 15 minutes to appear within your wallet or a trading account with Orbex. Bank Wire transfers take any time between 2 to 5 working days, weekends excluded.

What are the costs and fees with Orbex?

There are three types of costs with Orbex. Commissions are charged on all accounts except the Starter Account, spread costs are for all account users, and swap costs are for users that do not hold a swap-free account. 

A Forex Trading Cost is one that will apply to the trader for using the trading services offered by Orbex. These trading costs can vary and be charged in different ways. 

Spreads are the difference between the bid and the asking price and are represented in pips. Commissions are charged on round trades and will not apply to all accounts. Swap fees are interest charged on positions held overnight. 

What are the Trading Fees with Orbex?

Orbex does not charge deposit fees. For withdrawals, Orbex will pay all the electronic payment charges unless insufficient trading is found. 

As for Bank Wire Transfer, please note that you will be liable for intermediary bank fees. The broker does charge swap fees, which is interest accrued on positions held overnight. 

Traders of the Muslim faith can apply for a swap-free account which will allow them to avoid these fees, as interest is strictly prohibited by Sharia law. 

What is the minimum deposit in Orbex?

The minimum deposit to open an account with Orbex is $200, which will open a Starter account. The Premium Account has a minimum deposit of $5000, and the Ultimate Account has a minimum deposit of $25 000.  

What are the contract specifications in Orbex?

Does Orbex have promotional offers?

No, Orbex does not provide promotional offers or bonuses to its new or existing clients. For its European entity, Orbex Limited, the broker is restricted from offering bonuses by its EU regulator, CySEC. 

For its non-EU regulator, Orbex Global Ltd, it appears that bonus and promotion incentives are not part of the broker’s features at this stage.  

Does Orbex have a welcome bonus?

No, Orbex does not have a welcome bonus. 

However, Orbex is one of the few Straight Through Processing, or No Dealing Desk Brokers, in the Forex industry. An STP broker provides traders with superior trading conditions due to the fact that they are granted direct market access. 

This means that the broker does not assume the opposing side to the trader’s position, as there is no Dealing Desk.

Does Orbex have a deposit bonus?

No, Orbex does not offer a deposit bonus. Orbex is restricted from offering a deposit bonus due to the conditions of its regulation under the Cypress Securities and Exchange Commission (CySEC). 

Is there a commission-free trade bonus in Orbex?

No, Orbex does not offer a commission-free trade bonus. However, commission-free trading is available on the Standard Account. Added to this, Orbex does not charge commissions for deposits or withdrawals. 

Is there a VIP bonus in Orbex?

No, Orbex does not offer a VIP bonus. While the broker does not offer a VIP account, traders on the Ultimate Account can enjoy several enhanced trading features.  

Can you start trading with no money at Orbex?

No, you cannot start trading with no money at Orbex. This is because Orbex does not offer any deposit bonus, therefore traders are still required to deposit their own funds when opening a Trader Account.

How does leverage work with Orbex?

Leverage can be understood as additional funds which a trader may borrow from their broker to open a bigger position than they would have initially. This leverage is expressed as a ratio and is offered in varying amounts depending on the prevailing trading or account conditions. 

Traders can use leverage with Orbex in two different ways, depending on the entity. The EU-regulated entity, Orbex Limited, will offer a maximum leverage ratio of 1:30. This is due to restrictions on leverage applied to that region. 

Traders using the non-EU entity, Orbex Global Ltd, will have access to a maximum leverage ratio of 1:500.  

Where are the headquarters of Orbex?

Orbex is headquartered in Limassol, Cyprus. Orbex also has main offices in the Republic of Mauritius. 

Who is Orbex’s CEO?

The CEO of Orbex is Abdullah Abbas. He is skilled in Investments, Business Strategy, Asset Management, Risk Management, Portfolio Management, Hedge Funds, and New Business Development.

What are the social media accounts of Orbex?

Traders can follow Orbex on the following social media accounts:

• Twitter
• Facebook
• Instagram
• YouTube
• LinkedIn

How many employees do work for Orbex?

According to the official sources, there is no information regarding the number of Orbex’s employees. 

What are the opinions about Orbex?

Orbex is a well-regarded and popular Forex broker which offers traders a good selection of assets, and access to the industry-leading MetaTrader 4 platform. Orbex is well-regulated and offers excellent customer support. 

The only drawback to trading with Orbex is that the broker does not offer cryptocurrencies at this stage. However, the broker may add these to its offering in the future. 

What are Orbex Contests?

Orbex does not run any kind of Forex Trading Contests. Forex Contests are offered by several brokers, allowing traders to compete against each other in order to win a variety of different prizes. 

Orbex has performed contests in the past. For future forex exchange contests and competitions, Orbex didn't perform any official announcements yet.

Does Orbex have online support?

Yes, Orbex does offer an online support team for Forex trade account users. The online support team can be contacted by accessing the live chat function directly on the broker’s website. 

Does Orbex offer demo accounts for Forex trading?

Yes, Orbex offers a free demo account for all new traders. The demo account can be opened with the following steps:

1. Navigate to the demo account registration portal on the broker’s website
2. Complete the registration form with the relevant information. This will include your full name, country of residence, phone number, and email address
3. Next, select the account type for which you would like to create a demo account
4. Select the deposit amount and your preferred base currency
5. Click “Submit” to finalize your registration process

Does Orbex have a mobile app for Forex trading?

Yes, Orbex offers the MT4 mobile App. This can be downloaded for both Android and iOS. The mobile app is compatible with most features (all trading functions, execution modes, as well as powerful technical analysis) except for the algorithmic trading functions. 

The app offers several enhanced features such as detailed account information, entry stop orders, hedging, order limits, live streaming quotes, and chart indicators. 

Does Orbex publish an economic calendar?

An economic calendar is an often-used trading tool that keeps traders updated on the impending market news announcements which may have a direct impact on their trades. Using an economic calendar allows traders to prepare their strategies in time 

Orbex does offer an economic calendar. Orbex’s economic calendar provides information on financial events, forecasts, and historical data.

What is the communication information of Orbex?

Orbex has three telephone numbers and three local addresses. 

Orbex’s main telephone number is: + 442035198170

Orbex’s main local address is: 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène

Alternate phone numbers are:

MENA: +965 22968150

Jordan: +962 6 5622268