Orbex is an online Forex and CFD broker that was founded in 2010. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC) and is known for its competitive pricing, excellent customer service, and advanced trading tools. In this article, we will review Orbex and take a closer look at what it has to offer.
Trading Instruments and Platforms
Orbex offers a wide range of trading instruments, including forex, metals, energies, cryptocurrencies, and indices. Clients can trade these instruments using the MetaTrader 4 platform, which is one of the most popular trading platforms in the industry. The platform is available for desktop, web, and mobile devices, making it easy for traders to access their accounts and trade on-the-go.
One standout feature of Orbex is their low spreads. Spreads on major currency pairs can be as low as 0.8 pips, making it one of the most competitive brokers in the industry. The broker also offers leverage of up to 1:500, which can be both an advantage and a risk for traders. While high leverage can amplify profits, it can also lead to large losses if not managed properly.
Account Types and Regulations
Orbex offers four main account types: Standard, Premium, VIP, and Copy Trading. The Standard account is designed for beginner traders and offers fixed spreads, while the Premium and VIP accounts are more suited for advanced traders who prefer variable spreads and lower trading costs. The Copy Trading account is for those who want to copy the trades of experienced traders.
Orbex is regulated by the Cyprus Securities and Exchange Commission (CySEC), which adds to its credibility and trustworthiness. The broker also offers negative balance protection, which ensures that clients do not lose more than their account balance in case of extreme market volatility.
Customer Service and Education
Orbex offers excellent customer service, with support available 24/5 via phone, email, and live chat. The broker also provides a comprehensive knowledge base on their website, which includes educational materials such as webinars, articles, and video tutorials. Additionally, Orbex offers a demo account that allows traders to practice their strategies and test the broker's trading platforms without risking any real money.
Conclusion
In conclusion, Orbex is a reliable and trustworthy broker that offers competitive pricing, a wide range of trading instruments, and excellent customer service. Its low spreads and high leverage make it an attractive option for both beginner and advanced traders. The broker's regulation by CySEC and its negative balance protection further add to its credibility. If you are looking for a broker that offers a quality trading experience, Orbex is definitely worth considering.
