Pros
  • Strong research tools
  • Multiple deposit and withdrawal methods
  • Decent amount of tradable instruments
  • Free VPS service available to eligible clients
Cons
  • No list of best-trading terms for novice traders
  • There is no cent account
  • Spreads at the Starter Account exceed the industry average
  • High inactivity fee

Reviewed broker: Orbex

Established in 2011

Operated by Orbex Global Limited

Location: Cyprus

Regulation: FSC Mauritius Financial Services Commission, FSA Seychelles Financial Services Authority

Note: re-braded from AFBFX forex broker

USA traders: not accepted

Segregated accounts for client funds: yes

Trading instruments: Currencies, Stocks, Crypto, Indices, Commodities

Here’s how Forex Trading with Orbex will enhance your trading experience:

  • Best-in-class customer service, including live chat
  • One-hour response time for sales and support requests
  • Multiple asset trading and ECN accounts on MT4
  • Superior quality of execution (speed and reliability)
  • Deep liquidity from Tier-1 banks
  • Islamic (Swap Free) accounts

Awards: Orbex Crowned as the ‘Best CFD Broker UAE 2023’ by Global Business Magazine. Orbex Receives “Most Competitive & Trusted FX Broker 2023” Award by FOREX EXPO Dubai

Trading Conditions

One click trading: yes

Marin call level: 100%

Stop out level: 2%

Currency pairs: 28

ECN: yes

Scalping: allowed

Hedging: allowed

Islamic swap free accounts: available

Account types: classic, standard, copy trading, premium, VIP

Maximum leverage is up to 1:500

Spread types: fixed, variable

Spreads start from 1.9 pips

Expert advisors: allowed

Trading Platforms

Metatrader 4 Key Features

User-friendly interface

30 built-in technical indicators

Custom expert advisors and technical indicators

4 pending order types

9 timeframes

Customizable charts

Trailing stop

1-click trading & ability to trade from charts

Precise & speedy execution

MetaTrader 5 (MT5) 

The MetaTrader 5 is the ultimate platform for traders of all levels. Featuring all the pioneering capabilities of the MT4, the MT5 offers additional trading functions such as advanced orders and trading automation tools to help you take your trading experience to the next level. 

Multi-asset Trading Trade over 400 CFDs including Forex pairs, Stocks, Indices, Commodities,and Cryptocurrencies. 

Advanced ToolsSpot the most promising trade opportunities with 38+ preinstalled technical indicators and 44 analytical charting tools. 

Flexible Trading Gain more control over your trades with different types of orders, modes of execution, and market depth. 

Automate Your Trades Put your trading on autopilot with trading robots, Expert Advisors, and scripts. 

Integrated ToolsAdd plugins including Orbex’s Trading Central, Elliott Wave indicator and VPS service. 

Track Your PerformanceImprove your strategy by tracking your performance with advanced reports and daily statements. 

Join a CommunityShare ideas, strategies, and custom indicators with a community of other traders and developers. 

Custom IndicatorsDevelop and back test your own indicators and EAs to perform any trading operation. 

Copy Trading

Discover the world of social trading by copying trades of other successful traders.

The automated copy-trading system FXStat Tradebook will allow all ORBEX clients to automatically copy the trading activities of hundreds of successful traders after viewing their performance over time.

Take advantage of successful traders` experience in an effort to maximize the effectiveness of your trading activities.

Trading Conditions

Execution type: Market execution

Base Currencies: USD, EUR, PLN, GBP

Hedging: Yes

Scalping: Yes

VPS hosting: available

Leverage up to 1:500

Minimum trading size 0.01 lots

Automatic trading: available via Orbex Strategizer, developed in association with TradeWorks

Spreads

The spreads are defined by the account type, while fixed spreads (see the best fixed spread brokers) in the Classic account are slightly higher and start from 1.9pips, the Standard Account spreads start from 1.5 pips and operates through floating or variable with the possibility of applying scalping or other strategies.

Payment options

Payment methods: Skrill, Neteller, Perfect Money, UnionPay, Enet, Fasapay, Poli, Knet, Zotapay, Crypto, Bank Wire

Minimum deposit requirements: $500

Orbex does not charge any transaction fees either for deposits or withdrawals, where all account manipulations can be done through your online account management area and withdrawal options including Bank wire and Cards.

Customer Assistance

Customer support: email, online chat, call back

Forex Research and Education

The Latest News covering forex, commodities, and indices in addition to exclusive CFD and forex trading opportunities identified by the Orbex research team.

How was the rating of Orbex performed compared to other brokers? 

This 2023 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Orbex FX broker performance and features. 

Overall our online Orbex review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Orbex or you find inaccurate details Orbex broker review please get in touch with us and the changes will be applied. 

Orbex Details

Trading Platforms:

top forex broker

 

New Brokers

Regulation: Financial Conduct Authority UK (FCA), Financial Services Commission of Mauritius FSC, Financial Services Authority of Labuan LFSA, Financial Services Authority of Saint Vincent and the Grenadines SVGFSA, Financial Sector Conduct Authority (FSCA) of South Africa

Regulation: FSA is the financial services regulator in Seychelles

Regulation: Financial Conduct Authority FCA UK, Cyprus Securities and Exchange Commission Cysec, Cayman Islands Monetary Authority CIMA, Dubai Financial Services Authority DFSA, Saint Vincent and the Grenadines VGFSA

Regulation:  Republic of Seychelles, Financial Conduct Authority (FCA) UK

Regulation: FSC Financial Services Commission of the Republic of Mauritius

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