Orbex Review

Orbex’s motto is, “Your success is our legacy,” and, judging from what it offers, it really tries to make good on that promise. There are a lot of reasons to trade at Orbex, first and foremost of which is its great trading conditions. At Orbex, you can trade 300+ trading instruments with an average order execution speed of 0.03 seconds.

Spreads start at 0.0 pips, and you can even access negative balance protection to ensure you’re never in the “red.” Orbex has had years of experience in the market, during which it has won many awards, including:

• “Best Customer Experience MENA 2023 Award” Global Business Review Magazine (2023)
  “Most Transparent Forex Broker, 2023 Award” – Fintech & Crypto Summit (2023)
• “Best FX Educational Broker MENA, 2022 Award” – Forex Expo Dubai (2022)
• “Best FX Research & Education Provider, 2022 Award” – World Finance Magazine (2022)
• “Decade of Excellence, 2021 Award” – Global Banking & Finance Review (2021)
• “Best Trading Execution 2021” – Dubai Forex Expo (2021)
• “Best Trading Conditions 2020” -Dubai Forex Expo (2020)
• “Best Forex Broker 2020” – Global Banking & Finance Review Magazine (2020)
• “Best Forex Broker in 2019” – Global Business Outlook (2019)

Account Options

Broker Type	Market Maker
Minimum Deposit	$100 Starter Account, $500 Premium Account, $25,000 Ultimate Account
Forex Majors Spread	From 0.0
Scalping	Yes
Hedging	Yes
Demo Account	Yes
Traders From USA	No

Top Orbex Features

Mobile App: From simple transfers to daily withdrawals, live support and up-to-the-minute market analysis, Orbex’s proprietary mobile app for Android and iOS helps you manage your trading accounts and wallets on the go. The Orbex app offers the same intuitive experience as the MyOrbex desktop dashboard version enabling new users to sign up, submit their KYC, fund their wallets, and activate their trading accounts. The app is available in English and Arabic and offers users:

• An intuitive sign up and account registration process
• KYC verification, data security, and Face ID login
• Ability to create new Trading Accounts and Orbex Wallets in multiple currencies
• Account funding, transfers, and withdrawals with $0 fees
• Round the clock access to Orbex’s daily market research and analysis
• 24/5 expert multilingual support via the application’s live chat

Orbex Card: Orbex traders can enjoy instant access to transfer, pay, and withdraw directly from their Orbex wallet using the Orbex Prepaid Card and Orbex Card app. Designed to give traders greater flexibility when it comes to accessing and managing their trading funds, Orbex’s Prepaid Card service is available to clients in the Gulf Region (including Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates), as well as for all clients residing in Palestine, Jordan, and Egypt.

Orbex clients with a funded Orbex account can request to issue their own Orbex Maestro Prepaid Card in their myorbexarea dashboard and have it shipped to them within a few days. Paired with the Orbex Card app, which is available to download on any iOS or Android mobile device, the Orbex Prepaid Card gives its users the ability to pay online or in-stores, make international transfers, and even withdraw their trading funds and any profits in cash at any ATM around the world.

Some of the capabilities of the Orbex Prepaid Card include:

• Cash withdrawals at any ATM around the world
• Instant transfers to and from the client’s Orbex card
• Online or in-store payments with the Orbex physical card or using Apple Pay and Google Pay
• Instant deposits to Orbex trading accounts or wallets using the Orbex prepaid card via the MyOrbex dashboard
• Easy top-ups and quick deposits to the client’s trading accounts via the Orbex Card app
• Bank transfers to the client’s personal account or to other recipients

• Live Education & Analysis. As discussed above, Orbex offers a wide range of webinars, seminars, glossaries, analytical tools, and more to its clients. This broker is a top-performer when it comes to educational resources.
• Low Trading Costs from $0. At Orbex, you can lower your out-of-pocket trading costs with $0 fees, spreads starting at 0.0 pips, and $0 commissions on more than 200 U.S. stocks.
• Advanced Tools & Platforms. Trade on MetaTrader 4, which is widely-known as one of the best platforms in the industry. On the MT4, you can access an average execution speed of 0.03 seconds supported by Orbex’s FIX API environment. This means that you won’t miss an order, you will always get the lowest possible slippage, and you can also use Orbex’s wide range of exclusive trading tools and charts to help you trade.
• 24/5 Expert Support. Orbex’s multilingual support team is available to help 24 hours a day, 5 days a week.
• Fast Deposits & Withdrawals. With this broker, you can deposit using your preferred method, start trading, and enjoy same-day credit card withdrawals.
• Negative Balance Protection. Traders won’t be put in the red at Orbex, thanks to its Negative Balance Protection, which stops trades from going through when your balance is too low.
• Long-Standing History. It’s usually a good sign when a broker has more than a decade in the industry. Orbex was founded in 2011, and it recently received a “Decade of Excellence” Award in 2021 by the Global Banking & Finance Review.

Orbex Overview

Broker Type	CFD Brokers, Forex Brokers
Regulation & Licensing	Financial Services Commission (Mauritius), Seychelles Financial Services Authority (FSA) – 8429881-1
Clients Accepted from	70 Countries
Assets Offered	300+ (Foreign Exchange (FX), Commodities, Indices, Shares/Stocks, Futures/Forwards, CFDs, Cryptocurrency)
Platforms Available	Desktop, Mobile
Mobile Compatibility	iOS, Android
Payment Types Accepted	Credit/Debit Card, Bank Wire Transfer, Skrill, Neteller, Moneybookers, FasaPay, Crypto

Orbex Account Types

	Starter	Premium	Ultimate
Features	Free Webinars, Free Educational Tools (Trading Central), NDD Execution Type	Access to Exclusive Webinars, 1 x (1 on 1) Training Sessions, Access to Advanced Education, NDD Execution Type	Access to Exclusive Webinars, 3 x (1 on 1) Training Sessions, Access to Advanced Education, NDD Execution
Account Currencies	USD, EUR, GBP, PLN (PAMM Accounts are only available in USD)	USD, EUR, GBP, PLN (PAMM Accounts are only available in USD)	USD, EUR, GBP, PLN (PAMM Accounts are only available in USD)
Available Leverage	Up to 1:500	Up to 1:500	Up to 1:500
Minimum Deposit	$100	$500	$25,000
Commission Per Trade	$0	$8	$5
Decimal Pricing	Up to 5	Up to 5	Up to 5
Trading Instruments	70 Currency Pairs, 12 Commodities, 300 Stocks, 15 Indices, 11 Cryptocurrencies	70 Currency Pairs, 12 Commodities, 300 Stocks, 15 Indices, 11 Cryptocurrencies	70 Currency Pairs, 12 Commodities, 300 Stocks, 15 Indices, 11 Cryptocurrencies
Min. Lot Size Per Trade	0.01	0.01	0.01
Spreads	Variable	From 0.0	From 0.0
Demo Account	Yes	Yes	Yes

Orbex Reliability & Security

In addition to being regulated by several different organizations (see above) and offering Negative Balance Protection, Orbex takes safety seriously by providing secure data encryption and a free Virtual Private Server (VPS).

As far as reliability goes, the platform that Orbex offers is widely-considered to be one of the best in the industry. MetaTrader 4 is award-winning, allowing traders to trade indices, commodities, futures, and stock CFDs with precision and speed. Other highlights of MT4 include its:

• Algorithmic trading
• Wide range of technical indicators
• Useful on multiple platforms
• Custom-made EAs
• 9 timeframes
• 4 pending order types
• Customizable charts
• One-click trading

These are just some of the great features MT4 has to offer, but, bottom line, it’s a great, reliable platform. As far as security and reliability go, Orbex is top-notch.

Final Thoughts

Overall, Orbex has a strong presence in the industry. This award-winning broker is particularly noted for its great trading conditions and strong platform. Traders of all experience levels can sign up, as even total newbies will appreciate the comprehensive educational tools this broker has to offer.