Review on Orbex Broker
Orbex is one of the top forex brokers that offer competitive trading conditions. Its diverse range of account types include fixed, variable and zero spread currency, stock indices, energy contracts, precious metals, and stock CFDs. The broker also offers a standard desktop and smartphone trading platform. It also offers variable spread accounts and low leverage.
Orbex is a competitive forex broker
If you’re looking for a competitive forex broker that offers a variety of account types, look no further than Orbex. Their fixed and floating spread accounts are suitable for beginner traders, while their premium accounts are designed for more experienced traders. They also offer free demo accounts so you can apply your theoretical knowledge before you open a live account.
Orbex is a forex broker that prides itself on empowering its traders. It offers 24-hour expert support, market research, trading signals, and educational content aimed at both beginners and experienced traders. In addition, it offers high leverage, a PAMM account, and a range of tools to help you get started.
Orbex’s customer support team has won awards for excellence, and their goal is to respond to all queries within an hour. They have representatives who speak 15 languages, including English, and they can be contacted via phone, email, or live chat. They also offer a help section on their website with information on KYC verification, payment methods, MetaTrader 4, and more.
Orbex offers a wide variety of digital trading options for retail investors, including Forex and CFDs. Traders can choose from 44 currency pairs and 15 indices. They also offer spot prices on seven commodities and three energy products. Their clients can also trade 8 global indices, 66 of the most popular EU and US company stocks, as well as a range of OTC futures contracts.
It offers a variety of account types
The Orbex broker offers various account types to meet different trading needs. These accounts come with varying levels of leverage, fixed and variable spreads, and market execution. The broker also offers basic education and regular training sessions to help you make money in the forex markets. In addition to these account types, Orbex also offers trading with MetaTrader 4, which is a popular trading platform available on both desktop and mobile.
A good broker will offer many features, including several different types of trading instruments and payment methods. Customer support is also important. A broker should have numerous ways to contact you, from live chat to callbacks. You can also use a web form to submit any questions. Orbex also offers a demo account for you to test their platform before committing to a live trading account.
The Orbex Ultimate account is a premium account for active, sophisticated traders. It requires a minimum deposit of $25 000 and offers leverage of 500:1, a stop out level of 20%, and a commission per lot of $5. This account type is ideal for active intraday traders. However, spreads can be higher in times of low liquidity. Orbex also offers swap free accounts, which do not charge interest for overnight positions. These accounts are suitable for Muslim traders.
In addition to market maker accounts, Orbex offers a number of account types. There are premium and standard accounts, as well as an Islamic Swap-Free account. Depending on your preference, you can choose any of the three accounts. Some brokers only offer a Premium account, and you can get the most out of it by trading with a minimum deposit of $25,000. The Orbex Broker offers different account types, including a Starter account for those looking to get started in the forex market.
It offers high leverage
The maximum leverage offered by Orbex is 1:500, which is considered a relatively high leverage. Moreover, it offers a variety of payment options, including credit/debit cards, bank transfers, K-net payment, and e-wallet payment gateways such as Skrill, Neteller, and WebMoney.
Its licensing is under the Cyprus Securities and Exchange Commission (Cyprus), and is part of MiFID II (Markets in Financial Instruments Directive). Moreover, it is a member of the Cypriot Investor Compensation Fund, which protects its clients’ funds up to EUR20,000 in the event of a financial loss. In addition, the Orbex Global Ltd is regulated by the Financial Services Commission of Mauritius. This means that it can offer services to customers outside the EU and Cyprus.
Moreover, Orbex offers a variety of account types, including starter and premium accounts. Its account types cater to traders with varying portfolio sizes and skill levels. The Ultimate account, for example, offers 1:500 leverage, and its minimum deposit is $200. Moreover, the company provides analysis support and education.
If you’re interested in trading on CFDs, Orbex has the right platform for you. The broker covers more than 300 CFDs, including Forex, cryptocurrencies, commodities, and indices. It also offers free signals and VPS support. In addition, it offers high leverage for experienced traders and allows EAs and other types of automated trading.
It offers a strategy building tool
If you are new to trading, the Orbex Broker offers a strategy building tools to help you get started. You can use this plugin to build a strategy for any trading style. The Orbex analytics plug-in is available for MetaTrader 4 and provides market analysis for major currency pairs, Dow Jones, Gold, Crude Oil, and more. You can also find articles and market updates posted by Orbex’s research team.
Orbex’s website features articles on fundamental and technical analysis. They are updated daily and can help you fine-tune your strategies. The strategy building tool allows you to build a strategy in a much simpler manner than programming a trading bot. Using this tool, you can define entry and exit points and customize rules to fit your needs.
The Orbex broker website is also a useful resource for new traders. It provides a number of free eBooks, articles, and training courses. It also has a YouTube channel that features regular videos. It offers a lot more educational material than most brokers, making it the ideal choice for newbie traders. Other useful features include a trading system builder and idea sharing platform. Additionally, you can use the Orbex VPS service to run automated strategies.
The Orbex desktop MT4 platform includes 30 different trading indicators. These include volume-based indicators, oscillators, and trend indicators. These indicators can be combined to reflect the mood of the market. Traders can also add their own signal rules and logical algorithms to their strategies.
It accepts wire transfer
If you’re a newbie to the world of online trading, you might want to know more about Orbex Broker. This European company was established in 2010 and is regulated by CySEC and the FSC. It offers trading in a range of financial instruments, including stocks, commodities, indices, and cryptos.
Wire transfers allow you to transfer funds directly to an online trading account. However, be sure to choose the correct deposit currency. This is very important because currency conversion fees can occur. You should also make sure to make your deposit in the same currency as your bank account. Fortunately, Orbex Broker accepts wire transfers.
If you’re unfamiliar with the process, Orbex’s website is easy to navigate. It offers an FAQ page and a search function. The company is regulated by the CySec, FCA, and other regulatory agencies. You can also choose from several deposit options.
Orbex Broker accepts wire transfer, Neteller, and credit cards. However, you must note that the commission rate for opening and closing positions is considerably higher than the industry average. For example, you’ll pay $8 per round-turn contract. However, you should note that Orbex doesn’t charge withdrawal fees. In addition, you’ll be charged a $20 monthly fee if your account is inactive for six months or more.
Orbex offers a number of account types, including Islamic and ECN. Whether you’re a newbie or have a question, you’ll find a live chat option or contact Orbex customer support through email. They’re available round-the-clock to help you make the right decision.
It has a team of professional analysts
Orbex Broker has a team of analysts who help their clients make informed decisions about their trading strategy. They also publish free webinars on various topics. The Orbex Analytics Plug-in for MetaTrader 4 provides analysis on the major currency pairs, Dow Jones, gold, and Crude Oil. The Orbex website also offers free EBooks that explain how to use trading strategies and money management. There are also free MT4 platform tutorial videos and a comprehensive FAQ section with common trading terms and conditions.
The company’s team includes renowned financial and market analysts. The Head of Technical Analysis at Orbex, Mohammed Al-Mariri, has over a decade of experience in the global market. He has a keen eye for macroeconomic trends and a passion for sharing his knowledge. He has lectured at various investment conferences and has hosted live webinars.
Orbex also strives to provide customized trading terms. For example, it offers fixed and floating spread accounts. Furthermore, its clients’ money is safely stored in separate bank accounts. This way, in the case of bankruptcy, traders can claim up to 20,000 euros in compensation. In addition, all transactions executed by Orbex are performed through Non-Dealing Desk technology, which places the transactions on the open market without involving a middleman.
Orbex is committed to educating its clients and the broader trading community. Its leading team of analysts have been acclaimed globally, and are frequently quoted by major media outlets. They also regularly share their insights on live television on major channels.