There are many CySEC regulated brokers and Orbex is one of them. How to know which one is better than the other? You need to compare all the broker’s features and choose the one whose offer suits you the best.
Let’s start with our Orbex review so that you can make your decision.
|Broker status:||Offshore Regulated Broker|
|Regulated by:||CySEC, FSC|
|Headquarters Country:||Cyprus, Mauritius|
|Types of Assets:||Forex, Commodities, Stocks, Indicies|
|Free Demo Account:||Yes|
|Accepts US clients:||No|
Orbex Regulation and Security
Orbex broker is owned by Orbex Group Limited, which is a part of Orbex Global Limited.
The company is registered in Cyprus under the name Orbex Ltd and regulated by CySEC. Another entity of this broker is in Mauritius, regulated by FSC. The broker was first established in Cyprus in 2010 under the trading name AFB FX. Orbex regulation comes from this old entity.
The company keeps the funds in the bank of Lithuania on segregated accounts.
Orbex Trading Platform
Orbex trading platform is MT4. The broker chose the most popular MetaTrader, which we consider good. You can see deep market history, EAs, over 50 technical indicators, and over 30 charts on the platform itself. The platform is available in 40 different languages.
Besides the app of MT4, the platform is available in web trader version and mobile app versions. The web trader supports one-click trades and has around 30 indicators and charts.
The mobile version is available for both Android and iOS devices.
What can you trade with this broker?
The broker offers various ranges of trading assets. Clients have at their disposal trading with currencies, stocks, commodities, and indicies. The maximum leverage depends on the entity you belong to. For the traders from the EEA zone under the Cyprus entity, maximum leverage is up to 1:30. For all the other clients under the Mauritius entity, the maximum leverage is 1:500.
Orbex minimum deposit is $200 for the Starter account. The deposit can be made via debit/credit card, E-wallets, or wire transfer. All the funds are visible within 2 hours except the wire transfer that takes 3-5 business days.
When it comes to withdrawals, the same payment methods are available. Withdrawals take up to 24 hours except for the wire transfer that takes 3-5 business days. The company does not charge fees for withdrawals.
Besides the Standard account, the company also offers a Premium account ($5,000) and the Ultimate account ($25,000). The main difference is in the education level and trading signals you are receiving from the broker.
Also, clients have at their disposal a free Demo account and a Swap-free account.
Final Thoughts on Orbex broker
Orbex broker has two entities – CySEC and Mauritius. Even though both are regulated, it is a well-known fact that an offshore regulation can never be as strong as CySEC or FCA. Therefore, before opening an account with this broker, verify to which entity you belong.
The broker has a solid offer of assets and uses the MT4 trading platform. Clients can start the trading account with a minimum of $200.
By the way, if you were scammed by an Orbex broker, there is a solution. You need to file a dispute and ask for your money back.
If this is the case, contact our support immediately and they will guide you through the process of getting your money back!
Don’t let the scammers go away for free!
What is Orbex?
Orbex is an online trading broker regulated by CySEC and FSC Mauritius. It’s a brand owned by Orbex Global Limited.
Is Orbex regulated?
Yes. The broker has regulation by Cyprus Securities Exchange Commission and FSC Mauritius.
Is Orbex legit?
Orbex broker is regulated by two regulatory bodies – CySEC and FSC. However, since FSC is an offshore regulation, we advise you to be cautious when opening an account with this company.
Is my money safe with Orbex broker?
The broker is regulated by two regulatory bodies – CySEC and FSC. Since FSC is an offshore regulator, we are not sure how safe it is. Be aware of this when opening an account with Orbex.