What is Orbex?
Orbex is an online forex and CFD broker that offers trading services across various financial markets, including forex, commodities, indices, and cryptocurrencies.
When did it start operations?
Orbex was founded in 2010.
Where is its headquarters?
The company is headquartered in Limassol, Cyprus.
In which countries is it banned?
Orbex may face restrictions in certain jurisdictions, especially in countries with strict regulations like the United States and some EU countries.
Pros and Cons
Advantages:
- Competitive spreads and a variety of account types.
- Access to multiple trading platforms, including MetaTrader 4 and 5.
- Strong educational resources and market analysis tools.
- Good customer support options.
Disadvantages:
- Limited regulatory oversight compared to larger brokers.
- Fees may apply for certain withdrawal methods.
- Not all features are available in every country.
Trading Instruments
What instruments can I trade?
You can trade various instruments, including:
- Forex pairs
- Commodities
- Indices
- Cryptocurrencies
- ETFs
Fees
What are the trading fees?
Orbex generally offers competitive spreads starting from around 1.0 pips, with specific fees depending on the account type and instruments traded.
Scalping
Does it allow scalping?
Yes, Orbex allows scalping strategies on its trading platform.
Trading Platform
Is there a trading platform?
Yes, Orbex provides access to popular trading platforms, including MetaTrader 4 and MetaTrader 5.
Margin Trading
Is there leveraged or margin trading?
Yes, Orbex offers margin trading, allowing traders to utilize leverage, with ratios typically reaching up to 1:500, depending on the asset class and regulatory requirements.
