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Orbex: Sailing Towards Success Together
At Orbex, the guiding principle is "Your success is our legacy." Looking at what they offer, it seems they leave no stone unturned in their quest to deliver on this promise. A plethora of reasons make Orbex a choice destination for traders. Chief among them is the company's favorable trading conditions. It offers a wide range of over 300 trading instruments, coupled with an impressive order execution speed averaging at 0.03 seconds. They've designed their platform to safeguard your finances, starting with spreads from 0.0 pips and even providing negative balance protection to keep your account from going under. Drawing on years of industry experience, Orbex boasts several awards under its belt. Beyond its Investing.com profile, Orbex's achievements and insights have caught the attention of leading media outlets, including Bloomberg, Nasdaq, CNBC, Reuters, MarketWatch, Yahoo! Finance, and FXStreet. This review dives deeper into Orbex's market dynamics, innovative technology, and their unrelenting commitment to customer service.
The Yin and Yang of Orbex
Before setting sail, it's critical to survey the sea. Here are some key advantages and disadvantages of trading with Orbex:
Pros
- Vast array of educational and research materials
- Superior order execution speed, clocking in at 0.03 seconds
- Authorization for scalping and hedging
- Multiple account options available
- An award-winning industry player
Cons
- Limited service reach, not available in the USA, Iran, North Korea, Indonesia, Mauritius, and Romania
- Inactivity penalties are slightly steep (20EUR/USD/GBP/PLN per month)
Perfect for Whom?
Orbex caters to a diverse range of traders, from absolute beginners who are just getting their feet wet, to seasoned veterans who need minimal guidance. If you're closer to the starting line, Orbex is a good fit for you. It offers a comprehensive educational hub that covers a plethora of subjects, from Macroeconomics to Technical Analysis, peppered with informative videos and more. You also get access to enlightening webinars and seminars, as well as a glossary of commonly used trading terms. The articles within Orbex's educational hub can be ranked by popularity, offering a sneak peek into what others find valuable.
Training for Forex Trading at Orbex
Orbex provides an extensive Forex Educational Hub that includes "award-winning market research" and instructional content. This Hub is exhaustive and adaptable to all experience levels, offering a variety of resources including a Q&A portal, quizzes, calculators, articles, an economic calendar, videos, webinars, eBooks, and a glossary. Orbex is recommended for traders of all skill levels. Its platforms are sophisticated enough for experienced traders, while beginners can take advantage of the numerous tools and resources available on Orbex's website. As for education, Orbex scores an A+ from us.
Account types
Highlighting Orbex Features
Mobile App
Orbex's exclusive mobile app for Android and iOS makes managing your trading accounts and wallets as easy as a swipe on your phone screen. This app mirrors the experience on the MyOrbex desktop dashboard, facilitating user sign-up, KYC submission, wallet funding, and account activation. The app is available in both English and Arabic.
Orbex Card
Orbex offers instant transfers, payments, and withdrawals from your Orbex wallet through their Prepaid Card and Card app. This service is aimed at providing traders with enhanced control over their trading funds.
Live Education & Analysis
Orbex stands tall when it comes to educational resources, offering webinars, seminars, glossaries, and analytical tools to its clients.
Low Trading Costs from $0
At Orbex, you can lower your out-of-pocket trading costs with $0 fees, spreads starting at 0.0 pips, and $0 commissions on more than 200 U.S. stocks.
Advanced Tools & Platforms
Trade on MetaTrader 4, a well-regarded platform in the industry. MT4 ensures quick execution speed, the lowest possible slippage, and exclusive trading tools and charts to support your trading experience.
24/5 Expert Support
The multilingual support team at Orbex is available round the clock, five days a week.
Fast Deposits & Withdrawals
Choose your preferred method of deposit, start trading, and enjoy same-day credit card withdrawals.
Negative Balance Protection
At Orbex, there's no fear of going into negative balance, thanks to its Negative Balance Protection.
Long-Standing History
Orbex has a proven track record, having operated since 2011, and it was awarded a "Decade of Excellence" Award in 2021 by the Global Banking & Finance Review.
Regulatory Compliance at Orbex
Orbex operates within the laws of several regulatory bodies, including the Financial Services Commission (Mauritius), and the Seychelles Financial Services Authority (FSA).
Orbex Pricing
Orbex strives for transparency when it comes to its fees and charges. To open a starter account, you’ll have to deposit $100. Premium and Ultimate accounts require higher deposits. According to Orbex, it offers features designed to enhance your trading experience while potentially lowering out-of-pocket costs. For a detailed breakdown of commissions, spreads, and fees across different accounts, visit their website.
Reliability & Security at Orbex
In addition to being regulated by several different organizations and offering Negative Balance Protection, Orbex prioritizes safety by providing secure data encryption and a free Virtual Private Server. With the MetaTrader 4 platform, Orbex assures accuracy, speed, and reliability.
In conclusion, Orbex has established itself as a leading player in the industry. The company is especially acclaimed for its excellent trading conditions and robust platform. With comprehensive educational tools and excellent customer support, Orbex provides a smooth and successful trading experience for all.
