Orbex Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-04-21 14:27

Abstract：　　ORBEX is a regulated broker, offering trading on forex, precious metals, energies, indices, and market holidays with leverage up to 1:500 and spread from 0.0 pips on the MT4 trading platform. The minimum deposit requirement is $100.

ORBEX Review Summary
Founded	/
Registered Country/Region	Cyprus
Regulation	CYSEC
Market Instruments	Forex, precious metals, energies, indices
Demo Account	✅
Islamic Account	✅
Leverage	Up to 1:500
Spread	From 1.5 pips (Starter account)
Trading Platform	MT4
Minimum Deposit	$100
Customer Support	24/5 support, live chat, contact form
	Tel: +357 25588855; +357 25588853
	Email:support@orbex.com.cy
	Address: 82 Street, 6, Kato Polemidia, 4153, Limassol, Cyprus
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ORBEX Information

　　ORBEX is a regulated broker, offering trading on forex, precious metals, energies, indices, and market holidays with leverage up to 1:500 and spread from 0.0 pips on the MT4 trading platform. The minimum deposit requirement is $100.

Pros and Cons

Pros	Cons
Regulated by CYSEC	Trading fees applied
Demo accounts
Various trading products
MT4 platform
No deposit and withdrawal fees
Live chat support
Popular payment options

Is ORBEX Legit?

　　Yes. ORBEX is licensed by Cyprus Securities and Exchange Commission (CYSEC) with license number 124/10 to offer services and provides negative balance protection.

Regulated Country	Regulator	Current Status	Regulated Entity	License Type	License No.
Cyprus	CYSEC	Regulated	ORBEX Ltd	Market Maker (MM)	124/10

What Can I Trade on ORBEX?

　　ORBEX offers trading on forex, precious metals, energies, and indices.

　　ORBEX Clients can execute trades 24 hours a day from 00:05 on Monday until 23:30 on Friday (Cyprus Time), except for some instruments which halt at different times, such as a break.

Tradable Instruments	Supported
Forex	✔
Precious Metals	✔
Energies	✔
Cash Indices	✔
Futures Indices	✔
Stocks	❌
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　ORBEX offers demo accounts and Islamic (Swap Free) accounts. And here are four account types ORBEX offers: Starter account, Premium account, and Ultimate account.

Account Type	Minimum Deposit
Starter	$100
Premium	$500
Ultimate	$25,000

Leverage

　　ORBEX offers maximum leverage at 1:500 for all account types. The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.

ORBEX Fees

Account Type	Spread	Commission
Starter	From 1.5 pips	$0
Premium	From 0.0 pips	$8
Ultimate	From 0.0 pips	$5

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Desktop, MAC OS, Android, iPhone, Multi Terminal	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　Orbex accepts payments Credit/Debit cards, Skrill/Moneybookers, Neteller, Wire Transfer, and Klarna/Sofort.

Payment Options	Deposit/Withdrawal Fees	Deposit Time	Withdrawal Time
Skrill	0	Up to 2 hours	Up to 24 hours
Direct Debit / Credit Cards			3-5 business days
Bank Wire		3-5 business days
NETELLER		Up to 2 hours	Up to 24 hours
Klarna/Sofort