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Title

Orbex Broker Review

Address: 82nd Street, No.6, Ground Floor, 4153 Kato Polemidia Limassol Cyprus

Forex ETF Stocks

Spread

1

Max. Leverage

1:300 Pro

Deposit Protection

₹50,000

Min. Deposit

₹100

Spread

1

Max. Leverage

1:300 Pro

Deposit Protection

₹50,000

Min. Deposit

₹100

Spread

0.6

Max. Leverage

1:300 Pro

Deposit Protection

₹50,000

Min. Deposit

₹100

Our Overall Rating

Rating NAN

Orbex was formerly known as AFBFx, and it’s a broker offering a wide range of assets. It’s based in Cyprus, where it is also authorised and regulated – and it is a truly global broker, with branches to the growing Middle Eastern commerce hotspots of Jordan and Kuwait. It is regulated by the Cyprus Securities and Exchange Commission, which is also known as CySEC. It is also regulated by the Financial Conduct Authority, or FCA, in the UK.

Commissions & Fees

Rating

Orbex does not charge any commissions, which means that you can save some cash from the outset.

However, you do have to have a comparatively large amount of liquid cash to make a deposit: the lowest possible deposit amount is ₹500. The broker makes its money through spreads, and these can vary depending on the asset – although fixed spreads are available. In terms of leverage levels, meanwhile, the maximum amount is 1:500 if you have a Professional-level account – although it is a lot less for standard Retail-level clients.

Platforms & Tools

Rating

A variety of trading platforms are available via this broker, including Meta Trader 4 – although some traders may be disappointed to learn that Meta Trader 5, the more sophisticated version, is not available. One handy tool which could be useful for those who have not traded before is the demo account function. This lets you place trades in a risk-free environment, as there is no actual money involved – so it’s an excellent way to practice your trading skills.

Customer Service

Rating

Customers are placed front and centre in the Orbex priority list. The site can be used in nearly fifteen different languages, so it is highly accessible. There are all sorts of ways to contact the customer services team here at Orbex, including everything from fax to live chat. One crucial aspect of customer service is the range of deposit methods you can use. Encouragingly, Orbex accepts a wide variety. Customers can use bank cards such as credit cards to make their transfer, while wire transfer is also available – as are online wallet-style services such as Neteller. The central customer support email address is available twenty-four hours a day during the trading week, so even if a problem arises at an unusual time, you will still be able to get the help you need.

Final Thoughts

Orbex is a broker with a range of advantages – and it’s the sort of site that can deliver a trader what they need. From its customer service offering in many different languages and formats to its provision of decent trading platforms, it is a broker which many choose to trust with their foreign exchange and commodity trading requirements.

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