Orbex
Rating: 3.5 / 5Orbex prides itself on empowering traders to make more informed investment and trading decisions by offering 24/5 expert support, quality market research, trading signals, and a wealth of educational content assisting beginner traders. Fast order execution and high leverage provide algorithmic traders an advantage, while PAMM accounts cater to account managers. I reviewed this broker to determine if it delivers a competitive edge. Is Orbex the right broker for you?
Orbex prides itself on empowering traders to make more informed investment and trading decisions by offering 24/5 expert support, quality market research, trading signals, and a wealth of educational content assisting beginner traders. Fast order execution and high leverage provide algorithmic traders an advantage, while PAMM accounts cater to account managers. I reviewed this broker to determine if it delivers a competitive edge. Is Orbex the right broker for you?
Broker Details
- Headquarters
- Cyprus
- Established
- 2010
- Min Deposit
- $100
- Execution
- ECN/STP, No Dealing Desk
- Regulators
- CySEC, FSC Mauritius
Trading Conditions
- Retail Loss Rate
- Undisclosed
- Min Raw Spreads
- 0.0 pips
- Min Standard Spreads
- 1.5 pips
- Min Forex Commission
- $5.00 - $8.00 per 1.0 standard round lot
- Trading Hours
- CryptocurrenciesMonday 00:05 - Friday 23:55ForexMonday 01:02 - Friday 23:57CommoditiesMonday 01:02 - Friday 23:57European EquitiesMonday 10:02 - Friday 18:30US EquitiesMonday 16:31 - Friday 23:00
Accounts & Funding
- Funding Methods
- 11(bank wirescredit/debit cardsSkrillNetellerPerfect MoneyUnionPayENetFasapayPrzelewy24PoliZola Africa and cryptocurrencies)
- Deposit Fees
- No
- Withdrawal Fee
- No
Trading Costs & Spreads
- EUR/USD
- 0.3 pips ($3.00)
- GBP/USD
- 0.6 pips ($6.00)
- Gold
- $0.38
- Bitcoin
- $2.36
- WTI Crude
- $0.03
Platform & Features
- Trading Platforms
- MetaTrader 4
- Regulators Detailed
- Financial Services CommissionCountry: MauritiusLicense: Undisclosed but verifiedCyprus Securities and Exchange CommissionCountry: CyprusLicense: 124/10
Pros
- High leverage and deep liquidity for demanding traders
- Quality research and education for beginner traders
- PAMM module for account management services
- Swap-free accounts, free VPS hosting, and NND execution
Cons
- Best cost structure requires deposit of $500
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