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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Orbex Global does not offer its services to residents of certain jurisdictions such as Mauritius, USA, and North Korea.

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Orbex Review 2021

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FX Empire sticks to a strict review standards.Learn how we make money and our review methodology.
Orbex Main Features
☑️
Regulations
FCA (United Kingdom), CySEC (Cyprus), FSC (Mauritius)
️🗺
Supported Languages
English, Spanish, German, French, Arabic, Russian, Chinese, Bengali, Finnish, Greek, Vietnamese, Malaysian, Bulgarian, Urdu, Indonesian, Polish, Hungarian, Turkish, Italian
💰
Products
Currencies, Commodities, CFDs, Indices, Stocks, Futures
️💵
Min Deposit
$200
💹
Max Leverage
1:30 (FCA), 1:30 (CySEC), 1:3500 (FSC)
🖥
Trading Desk Type
No dealing desk
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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Orbex Global does not offer its services to residents of certain jurisdictions such as Mauritius, USA, and North Korea.

Orbex Full Review

“Orbex is a Forex and CFD broker regulated by the Mauritius Financial Services Commission (FSC). The broker offers access to over 300+ financial CFD instruments across Forex, Indices, Commodities and Stocks, all through the globally recognised MetaTrader 4 platform for PC and MAC.”

Orbex is a Forex and CFD broker founded in 2011, authorised and regulated by the Mauritius Financial Services Commission (FSC), offering users the ability to access more than 300+ financial CFD instruments across Forex, Indices, Commodities and Stocks (UK/EU/US), all through the globally recognised MetaTrader 4 platform for PC and MAC.

There are four main account types available called Starter, Premium, Ultimate and Pamm. Starter and Pamm accounts are commission-free but have slightly larger spreads whereas Premium and Ultimate accounts are commission-based but have spreads from 0.0 pips. Additional account features include segregated client funds, negative balance protection, leverage up to 1:500 and fast execution speeds. Demo and Islamic (swap-free) accounts are also available.

Orbex offers a variety of market research and education material including Trading Central services, Orbex market analysis reports and videos, an economic calendar, webinars, e-books, tutorials and trading tips. For a limited time, users can also take part in the gold promotion for a chance to win 4KG of gold. The broker also provides multilingual customer service 24/5 via a contact form, live chat and email.

Pros: Cons:
  • 300+ instruments to trade on.
  • Leverage up to 1:500
  • Spreads from 0.0 pips.
  • Negative balance protection.
  • No MetaTrader 5.

About the Author

Jitan Solanki
Author
Jitan is a currency trader and an accredited Market Technician with more than 15 years of experience working with fund managers and on several proprietary trading floors. He is regularly quoted in the financial media for his currency market insights and forecasts and is based in London.
Read More

Investor Protection & Regulations

“Orbex Group Limited is the holding company of Orbex Global Limited, a company authorised and regulated by the Mauritius Financial Services Commission (FSC).’’

Orbex Group Limited is the holding company of Orbex Global Limited, a company authorised and regulated by the Mauritius Financial Services Commission (FSC), as shown on the regulator’s register below:

Orbex provides further security of client funds by following the below regulatory requirements:

  • Holding client funds in segregated accounts from company funds.
  • Providing a negative balance protection policy.

Tradable Products

“Orbex offers clients the ability to trade on more than 300+ financial CFD instruments across Forex, Indices, Commodities and Stocks (UK/EU/US).”

Orbex offers clients the ability to trade on more than 300+ financial CFD instruments across Forex, Indices, Commodities and Stocks (UK/EU/US). Below is a list of just some of the available markets for trading:

Forex Commodities
AUDUSD Silver
GBPUSD Gold
NZDCAD UK Oil
CADCHF US Oil
Indices Stocks (UK/EU/US)
UK 100 Apple
Germany 30 HSBC
NAS 100 Tesla
US 30 Cineworld

*Details regarding the available assets are taken from the Orbex website and trading platform and are correct at the time of this review. You can find a more detailed list here.

Trading costs such as spreads and overnight funding (swap) rates vary depending on the account type opened and instrument being traded and are covered further down this review.

Account Opening

“Orbex offers four main accounts types called Starter, Premium, Ultimate and Pamm. Islamic (swap-free) and demo accounts are also available.”

Orbex offers four main accounts types called Starter, Premium, Ultimate and Pamm. Islamic (swap-free) and demo accounts are also available. The main features of each account are shown below:

Starter Premium Ultimate Pamm
Minimum Investment $200 $5000 $25000 $500
Spreads from 1.5 pips From 0.0 pips From 0.0 pips from 1.5 pips
Commissions Zero Commissions $8 $5 Zero Commissions
Leverage Up to 1:500 Up to 1:500 Up to 1:500 Up to 1:500
Education Basic Advanced Advanced Basic
Training Sessions None 1 x (1 on1) 3 x (1 on1) None

Users can open a new account in just a few steps by following the below process:

  1. Sign Up: Name, email, country and phone number.
  2. Verify email: Verify email and set a password.
  3. Trading Profile: Date of Birth, place of birth, nationality and full address.
  4. Trading Preferences: Trading Style, account currency, leverage and account type.
  5. Trading Experience: Questions regarding overall trading experience across various asset classes.
  6. Financial Information: Questions regarding source of wealth, annual income, net worth and more.
  7. Employment Information: Questions regarding education level and current/previous employment status.
  8. Verification: Submit proof of identity (passport or driving licence), proof of residence (utility bill or bank statement – not more than 3 months old).

The client portal is shown below:

Orbex does not offer services within Mauritius, the USA, Cuba, Sudan, Syria, and North Korea.

Deposit & Withdrawals options

“Orbex offers fee-free deposit and withdrawals via debit/credit card, bank wire, Skrill, Neteller, WebMoney, FasaPay, Enet and UnionPay.”

Orbex offers fee-free deposit and withdrawals via debit/credit card, bank wire, Skrill, Neteller, WebMoney, FasaPay, Enet and UnionPay.

Deposit processing times are usually within 2 hours for all methods except bank wire which can take up to 3-5 business days.

Withdrawals are processed in 24 hours for all methods except bank wire which can also take 3-5 business days.

Web & Desktop Trading Platforms

“Orbex clients can trade through the globally recognised MetaTrader 4 platform for PC and MAC.”

Orbex clients can trade through the globally recognised MetaTrader 4 platform for PC and MAC. The platforms features include:

Orbex MetaTrader 4

  • Variety of drawing tools, technical indicators and tools.
  • 4 pending order types.
  • Fully customisable charting.
  • 9 timeframes.
  • Downloadable on MAC computers.

A screenshot of the Orbex MetaTrader 4 PC platform is shown below and is covered in more detail in the video review.

Mobile Trading Platforms

“Orbex offers users the ability to access mobile trading on the go from the MetaTrader 4 mobile trading app for Android and iOS systems.”

Orbex offers users the ability to access mobile trading on the go from the MetaTrader 4 mobile trading app for Android and iOS systems. The app download links can be found in the Google PlayStore or Apple AppStore.

The Orbex MetaTrader 4 mobile trading app provides a range of different features including:

  • Trade and manage your account on the go.
  • Simple and intuitive user interface.
  • Access multiple asset classes.
  • Charting and live trading.

The Orbex MetaTrader 4 mobile trading app is covered in more detail in the video review.

Trading Features

“Orbex offers a free Virtual Private Server (VPS) for users who have deposited a minimum of $500 and have met the minimum trading volume.”

Orbex offers a free Virtual Private Server (VPS) for users who have deposited a minimum of $500 and trade a minimum of 3 lots each month. The benefits of a VPS include 24/5 uptime and superior execution speeds and security.

Commissions & Spreads

“Trading costs with Orbex vary, depending on account type and the market traded. Starter and Pamm accounts are commission-free whereas Premium and Ultimate accounts are commission-based. Overall trading costs are competitive and transparent. ”

Trading costs with Orbex vary, depending on account type and the market traded. Starter and Pamm accounts are commission-free but have slightly larger spreads whereas Premium and Ultimate accounts are commission-based but have spreads from 0.0 pips. The average spreads and commissions for each account are shown below:

Starter Premium Ultimate Pamm
Spreads from 1.5 pips From 0.0 pips From 0.0 pips from 1.5 pips
Commissions Zero Commissions $8 $5 Zero Commissions

For non-Islamic (swap-free) accounts, overnight funding or ‘swap’ fees are charged on positions that remain open overnight (22:00) GMT. If positions are being held over the weekend a three-day ‘swap’ charge will be charged on Wednesdays.

The broker does not charge any inactivity account fees.

Bonus & Promotions

“Currently, the broker is offering clients the chance to win 4KG of gold bars if they have traded a minimum of 20 lots by the end of each quarter.’’

Currently, the broker is offering clients the chance to win 4KG of gold bars. To qualify, users simply need to trade a minimum of 20 lots by the end of each quarter after which six winners will be picked.

Performance parameters or trading strategies are not considered and only a lottery-based system is used to pick the winners.

Bonus and promotions offer can change over time.

Customer Support

“Orbex offers multilingual customer support 24/5 via a contact form, email and live chat. There is also a detailed Help Centre on the broker’s website.”

Orbex offers multilingual (English, Arabic, Italian, German, Spanish, Polish, Finnish, Greek, Bengali, Chinese, Vietnamese, Indonesian, Malaysian, Urdu, Turkish, Russian, Bulgarian, French, Hungarian) customer support 24/5 via a contact form, email and live chat. There is also a detailed Help Centre on the broker’s website.

After submitting a question through the live chat we were connected to an agent who answered our question within 10 seconds, as shown below:

Contact Information:

  • Address:
    • Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Mauritius.
  • Email:
    • support@orbex.com
  • Phone:
    • + 442035198170
  • Social Media:

Research

“Orbex offers a variety of market research through Trading Central including trading analysis and analytics across Forex, Indices, Commodities, and Stocks. Users can also access Orbex Market Analysis Reports and Videos as well as an Economic Calendar.”

Orbex offers a variety of market research through Trading Central including trading analysis and analytics across Forex, Indices, Commodities, and Stocks. Users can also access Orbex Market Analysis Reports and Videos as well as an Economic Calendar. The main research available is explained below:

  • Trading Central: A service that provides key technical trading levels with price targets, market research and analytics, and fundamental analysis across Forex, Commodities, Indices and Stocks.
  • Market Analysis: Includes market reports and videos across various market sectors. The articles and videos are comprehensive and are regularly uploaded to the broker’s blog page and YouTube channel.
  • Economic Calendar: Includes a calendar with current economic events and data releases across the globe.

Overall, the trading services provided by Trading Central and Orbexs’ Market Analysis reports and videos are varied, comprehensive and suitable for beginner and advanced traders.

Trader Education

“Orbex offers a comprehensive selection of educational material that includes webinars, trading strategies, E-books, tutorials and trading tips.”

Orbex offers a comprehensive selection of educational material that includes webinars, trading strategies, E-books, tutorials and trading tips. Each of these is further explained below:

  • Webinars: Features several monthly videos on technical analysis, trading strategies, non-farm payrolls and more. Videos are also in multiple languages including English, Polish, Italian and Czech.
  • Trading Strategies: Features extensive articles on various trading strategies and how to utilise them. Some subjects include Why Do You Need a Forex Trading Plan? Should You Let Your Trades Stop Out? and Do I Need Stop Loss and Take Profit?
  • E-books: Includes detailed breakdowns on topics such as Forex Risk Management, Money Management, Optimizing Forex Trading Profits and more.
  • Tutorials: Includes various MetaTrader 4 tutorials.
  • Trading Tips: Topics in this section are varied and cover more general information on various markets, technical indicators, trading platforms and more. Some of the topics include How to Analyse Stocks Like a Pro, How to Use Options for Forex Trading, Is it Better to Trade Stocks or Forex?

Trading Experience

“Orbex provides a simple trading offering on over 300+ financial CFD instruments across Forex, Indices, Commodities and Stocks (UK/EU/US), all through the globally recognised MetaTrader 4 platform for PC and MAC. Trading costs are competitive and there is a good amount of market research and education material available.”

From our observations, Orbex provides a simple trading offering on over 300+ financial CFD instruments across Forex, Indices, Commodities and Stocks (UK/EU/US), all through the globally recognised MetaTrader 4 platform for PC and MAC.

There are four main account types available called Starter, Premium, Ultimate and Pamm. Starter and Pamm accounts are commission-free whereas Premium and Ultimate accounts are commission-based. Overall, trading costs are competitive and transparent, and the broker also offers segregation of client funds and negative balance protection.

Funding is also fee-free and there are plenty of options to choose from including debit/credit card, bank wire, Skrill, Neteller, WebMoney, FasaPay, Enet and UnionPay. Additionally, there is comprehensive market research and education material available that is suitable for beginner and advanced traders.

FAQ

Is Orbex regulated?

Yes, by the Mauritius Financial Services Commission (FSC).

Where is Orbex based?

Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Mauritius.

How does Orbex make money?

Orbex makes money mainly through spreads, commissions and swaps on certain asset classes.

How do I deposit in Orbex account?

Funds can be deposited via debit/credit card, bank wire, Skrill, Neteller, WebMoney, FasaPay, Enet and UnionPay.

What is the min. deposit for Orbex?

The minimum deposit is $200.

How do I withdraw money from Orbex?

Funds can be withdrawn via debit/credit card, bank wire, Skrill, Neteller, WebMoney, FasaPay, Enet and UnionPay.

What is the max leverage in Orbex?

1:500.

How do I open an account with Orbex?

An account can be opened at the click of a button on the Orbex website and can be done in just a few steps.

Does Orbex use MetaTrader?

Yes, MetaTrader 4.

Conclusion

“Orbex is a Forex and CFD broker regulated by the Mauritius Financial Services Commission (FSC). The broker offers access to over 300+ financial CFD instruments across Forex, Indices, Commodities and Stocks (UK/EU/US), all through the globally recognised MetaTrader 4 platform for PC and MAC.”

Orbex is a Forex and CFD broker founded in 2011. It is authorised and regulated by the Mauritius Financial Services Commission (FSC) and offers users the ability to access more than 300+ financial CFD instruments across Forex, Indices, Commodities and Stocks (UK/EU/US), all through the globally recognised MetaTrader 4 platform for PC and MAC.

There are four main account types available called Starter, Premium, Ultimate and Pamm. Starter and Pamm accounts are commission-free but have slightly larger spreads whereas Premium and Ultimate accounts are commission-based but have spread from 0.0 pips. Additional account features include segregated client funds, negative balance protection, leverage up to 1:500 and fast execution speeds. Demo and Islamic (swap-free) accounts are also available.

Orbex offers a variety of market research and education material including Trading Central services, Orbex Market Analysis Reports and Videos, an Economic Calendar, webinars, trading strategies, E-books, tutorials and trading tips. For a limited time, users can also take part in the gold promotion for a chance to win 4KG of gold. The broker also provides multilingual customer service 24/5 via a contact form, live chat and email.

  • 300+ instruments to trade on.
  • Leverage up to 1:500 and spreads from 0.0 pips
  • Segregated client accounts and negative balance protection.
  • MetaTrader 4 is available.
broker

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Orbex Global does not offer its services to residents of certain jurisdictions such as Mauritius, USA, and North Korea.

See Orbex Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
Mauritius
Foundation Year
2011
Regulations
FCA (United Kingdom), CySEC (Cyprus), FSC (Mauritius)
Publicly Traded
No
Number Of Employees
50-100
Trading Desk Type
No dealing desk
Trading platforms
MT4
Restricted Countries
United States
Supported Languages
English, Spanish, German, French, Arabic, Russian, Chinese, Bengali, Finnish, Greek, Vietnamese, Malaysian, Bulgarian, Urdu, Indonesian, Polish, Hungarian, Turkish, Italian
Min Deposit
$200
Max Leverage
1:30 (FCA), 1:30 (CySEC), 1:3500 (FSC)
Deposit Options
Wire Transfer, Credit Card, Skrill, Neteller, PerfectMoney, Sofort, E-wallets, Moneybookers, FasaPay, Webmoney
Withdrawal Options
Wire Transfer, Credit Card, Skrill, Neteller, PerfectMoney, E-wallets, Moneybookers, FasaPay, Webmoney
Fixed Spreads
No
Commission On Trades
Yes
Products
Currencies, Commodities, CFDs, Indices, Stocks, Futures
Mini Account
Yes
Premium Account
Yes
Demo Account
Yes
Islamic Account
Yes
Segregated Account
Yes
Managed Account
No
Institutional Account
Yes
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