It’s important to note that while these ratings provide valuable insights, individual orbex review experiences may vary. Traders are encouraged to conduct their own research and possibly start with a demo account to assess Orbex’s services firsthand. Orbex’s multi-channel support ensures that traders can get assistance through their preferred method of communication, enhancing the overall trading experience.

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The broker uses variable markup spreads for commission-free accounts. It’s hard to compare the broker fees as the spreads are not fixed but we can take 1.3 pips as a close comparison number. CFD trading gives short-term traders the ability to benefit from price fluctuations in both upward and downward markets without actually owning an asset. Furthermore, CFDs are more liquid and therefore offer tighter spreads. On the other hand, actually owning stocks, cryptocurrencies, etc. is preferred for investing long-term due to lower long-term trading fees. When choosing a broker, the safety and security of your funds should be your top priority among other factors such as fees, trading platforms, and offered assets.

How can I deposit or withdraw funds?

When it comes to choosing a trading broker, regulation is one of the first things that I look for. This is because a regulated broker must follow strict rules and procedures that have been implemented to protect investors. The online brokerage brand Orbex is operated by two companies — Orbex Limited and Orbex Global Limited — which are owned by Orbex Holding Limited. Orbex Limited, which serves EU clients, is registered in Cyprus and regulated by the Cyprus Security and Exchange Commission (CySEC). Orbex Global Limited is registered in Mauritius and serves non-EU clients.

However, the best conditions do require a large deposit and I would like to see them offer the MetaTrader 5 platform along with 24/7 support. That being said, I think they can be worth consideration for anyone looking for no-nonsense trading in a regulated environment. This includes forex, cash indices, precious metals, energies and stock CFDs. All of these can be traded through the excellent MT4 trading terminal. One of the advantages of offering the MT4 trading platform is the scalability aspect, which ensures that all types of traders can access their trading accounts through a varied choice of trading platforms.

Orbex continually updates its offerings to meet evolving market trends and trader demands. Orbex’s diverse payment options ensure that traders can choose the most convenient and cost-effective method for their needs. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. The broker has a blog section with tons of articles on the common topics a new trader should know. The tutorials cover most of the technical indicators, various aspects of MT4 and how to use them, and some elements of fundamental analysis.

Customer Support

• It includes 30 technical indicators, customizable charts, and the option to create custom expert advisors and technical indicators.
• One of the advantages of this account type is its exclusive access to more enhanced and extensive educational materials and tools.
• The deposit bonus and cashback program effectively reduce trading costs, while the refer-a-friend plan rewards clients for bringing in new business.
• Deposits above $25,000 receive a highly competitive pricing environment.

There is something for everyone, including digital wallets which I find to be the quickest and easiest way to move funds around between my trading accounts. The broker doesn’t support crypto funding but Hankotrade do if that is something that you are looking for. It is great that the broker does not charge any fees for deposit or withdrawals, but your financial service provider may charge some fees for the transactions. You can choose the one that is most convenient for you from these categories of payment methods. For this account, the minimum deposit is very high at $25,000, but it does have the best trading conditions overall. The spread is variable and starts from just 0.0 pips, and it has a low $5 commission free per standard lot round turn.

Orbex provides an MT4 application for Android and iOS smartphones and tablets so that you can trade on the go. It offers you complete control over your trading account and allows all types of orders. With the numerous technical indicators provided, you can do your technical analysis on your mobile device.

As an experienced trader

Besides, Orbex constantly enhances and expands its features, which is also a positive point for a broker, showing Orbex’s aspiration for growth and development. As to Investment opportunities with Orbex, there is a certain restriction, as the broker mainly focuses on CFD trading. This means traditional investments in stocks and shares, where traders own the underlying assets, are not available. However, there are still other investment opportunities Orbex offers its traders through PAMM accounts. This award-winning broker is particularly noted for its great trading conditions and strong platform.

• It is equipped with all the necessary trading tools and features, favorable trading conditions with competitive fees and different fee structures, a demo account, and popular platforms.
• Based on the extensive research we conducted, we have concluded that Orbex is a great broker for beginner traders.
• The minimum of US Dollar 500 allows you to start trading with a Fixed account.
• Orbex primarily serves the Middle East, where demand for cryptocurrency transactions continues to expand.
• This includes industry-standard MT4 & 5, along with their range of tools and features.

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Brokers By Licenses

The demo account gives you full access to trading all of the assets offered by the broker without risking real money. Complete training in financial markets such as “Forex,” “Stock Market,” and “Cryptocurrencies” only becomes comprehensive with tested trading tools and strategies. “Trading Finder,” with its experience, aids traders and investors in gaining a correct understanding and deep learning. The training programs are designed based on tools for traders of all levels, from “beginner to advanced.” Orbex offers 400+ instruments, including forex, stocks, commodities, and indices, with tight spreads and fast execution. You can always open a free demo account if you want to practice trading online without any risk to begin with.

Trading Instruments and Assets

A demo account is an account offered by some trading platforms, which is funded with virtual money. This allows a potential client to experiment with the trading platform and get familiar with its various features, before deciding to set up a real account. Forex brokers are also known as retail forex brokers or currency trading brokers. Retail currency traders in turn use these brokers to gain access to the 24-hour currency market for speculation purposes.