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Orbex Review

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Editor's Review

Orbex Review
8.33
8 Security
8 Spreads
9 Customer Service

Established in 2010, Orbex (formerly AFBFx) is an international forex and CFDs broker that is based in Limassol, Cyprus. To better support is clientele base, Orbex also maintains two branch offices in Kuwait and Jordan. Orbex offers its traders access to currencies, precious metals, commodity, and indices trading. They have a wide selection of account types, reasonably competitive spreads and a wide selection of trading tools to help boost the trader’s experience.

 

Trading Accounts

Copy Trading Account

Orbex offers its clients a selection of account types to make sure traders of all skill level and portfolio size are well taken care of. You can choose between fixed or variable spreads. All account types offer maximum leverage up to 1:500 and are commission-free (except the Copy Trading account.

 

The Company & Safety of Funds

This is the brand name of Orbex Ltd. – a Cyprus Investment Firm (CIF) – which is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC).

 

Commissions & Spreads

Orbex’s fixed spreads are comparatively low, amounting to 1.9 pips on the Classic account, while variable ones on Standard account are above the average for the forex market, starting out at to 1.5 pips on EUR/USD. Premium and VIP accounts offer tighter spreads, but the minimum initial deposit required is higher.

 

Leverage

The maximum leverage level offered by Orbex is 1:500, which is considered a comparatively high ratio.

 

Platform

This broker supports the renown MetaTrader4, desktop and mobile versions available.

 

Deposit & Withdrawal

The following payment methods are available to Orbex clients: credit/debit cards, bank wire transfer, K-net Payment Gateway: and e-wallet payment systems, such as Skrill, Neteller, Webmoney or FasaPay.

 

Conclusion

Orbex is a well-regulated award-winning broker that offers online in forex currency pairs, CFDs and precious metals through the famous MT4.


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