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Orbex Review Forex Broker Comparison

The broker also offers OTC futures contracts on indices, commodities and energies. Trade the world’s most liquid currency trading market with tight spreads, low commissions and an average order execution of 0.03 seconds. Orbex offers clients the ability to trade forex pairs via CFDs, or Contracts for Difference. CFD FX trading allows you to capitalize on the price fluctuations of exchange rates by taking a trading position based on what your research and analysis tells you will happen to the value of a currency. This means you can either take a buy (long) position or sell (short) position on a currency depending on your price projections. Our review of Orbex shows four account options; Fixed, Starter, Premium and Ultimate.

Orbex has received seventeen industry awards from well-respected sources. They are a statement of the ongoing efforts by Orbex to maintain a competitive edge for its clients. All information on 55brokers.com is only published for general information purposes.

However, Orbex states that they do not offer services to residents of certain jurisdictions, such as the US, Cuba, Sudan, Syria, Mauritius, and North Korea. If you find they cannot accept traders from your country for whatever reason, please feel free to browse our broker reviews for an alternative option. Orbex offers 24/5 customer support available via e-mail, live chat, and a callback function. The help center attempts to answer most questions, and Orbex explains its products and services well. The only item missing is a direct line to the finance department, where most issues arise.

It includes the ability to add stop losses, trailing stops, signal rules, trade timings and logical algorithms. The platform allows access, monitoring and trading on several accounts from one place. Accounts can be grouped or managed separately and the platform contains its own internal communication system and automatically generates reports. Also, the full capability of MT4 carries over to the MultiTerminal system.

  • However, the US and the UK have their own respective Tier 1 regulators requiring brokers to register in the country.
  • It is a reliable provider of online trading that applies all EU regulations and laws in an officially regulated environment.
  • In Seychelles, the firm is registered as Orbex Limited, a securities dealer.
  • Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.
  • For instance, a trader might be experienced in stock trading but want to start investing in futures, commodities, or currencies.

The company includes Orbex Limited, regulated by CySec and Orbex Global Ltd. regulated by the Mauritius Financial Services Commission (FSC). Orbex is crowned Best Forex Broker 2020, MENA & Europe by Global Banking & Finance Review. Under a decade, Orbex has received 15 international awards some in the category Best Educational and Analysis provider category. For example, credit card payments are subject to a chargeback should the trader face any issue with the funds that they have deposited. Something very similar applies to wire transfers in which case the term is a recall. The fact that all active traders are automatically enrolled in the “lottery” under the simple condition of trading 20 lots is great considering the fairly low barrier of entry.

Orbex Review Summary

Let’s just say we are not keen on trusting brokers with too many offshore entities. Accessing world markets with speed and precision, no matter where your location is, is why Orbex chose MT4 as their dominant software solution. As you can see, CySEC imposes harsh conditions that filter out the firms orbex review who aren’t serious enough about investing into their broker project. The fact that Orbex has a CySEC license speaks of their reliability, seriousness and dedication to the business they run in accordance with rules. In order to start trading with Orbex, you have to deposit at least 200 USD.

Technical analysis indicators such as MACD,RSI, Stochastics, OBV, and Fibonacci are vital for trading. The primary types of chart used by traders on Plus500 are the Candlestick Chart, Line Chart, Point and Figure charts, and Renko Chart. Charts such as these are plotted either on an arithmetic or logarithmic scale and the analyst then goes with either one depending on the information acquired. Traders can follow the markets and make wise investment decisions on Plus500 by using the news to help form a strategy when it comes to choosing investments. A Plus500 news trading strategy involves trading based on news and market expectations, both before and following news releases.

Plus500 Lower fees, lower costs?

All three variants of the trader allow for useful features such as price alerts and push notifications giving users the necessary information as soon as it becomes available allowing them to act quickly. Regardless of which option traders choose from the web to desktop and even mobile, traders have access to the incredibly user-friendly UI that comes with MetaTrader. One of the major highlights of this trading platform is the high degree of customizability that investors can use to set things up according to their own preferences. This serves as a form of guarantee that the broker complies with the regulations of a top-tier regulatory body and that the traders that choose to use this broker are protected.

Orbex Review – Who is Behind Orbex.Com Broker?

The commission-based alternative provides traders with raw spreads on major currency pairs for a commission of $8.00 per round lot, placing it near the industry average. Orbex offers a highly competitive cost structure for $25,000+ deposits, lowering commissions to $5.00 per lot. Plus500 offers demo accounts that gives traders the ability to purchase and sell Plus500 financial instruments in a practice environment, using fake Plus500 digital money and live market conditions and data. When you practise on a Plus500 demo account, one of the many advantages you’ll enjoy is the opportunity to get acquainted with the more technical parts of the Plus500 platform. Plus500 demo accounts allow you to experience and practice a variety of market charts, Plus500 trading indicators, and trading strategies using Plus500.

Trading Central

It has variable spread starting from around 1.5 pips on the EUR/USD which isn’t the lowest you will find. Therefore, this is probably not the ideal account for scalping but there is no commission fee charged as it is already included within the spread. It the minimum deposit is too much for you at the moment, TD365 have a $1 minimum deposit instead.

There are several methods through which you can deposit money into your Plus500 account. One can use a credit or debit card and Plus500 accepts payments from credit and debit cards provided by MasterCard and Visa. You can use PayPal, funding your Plus500 account using a personal PayPal account. If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your Plus500 account. Funding methods for Plus500 include Credit cards, Bank Transfer, Neteller, WebMoney, FasaPay, Debit cards, . This account type is offered exclusively to Muslim clients, and there must be a proof of religion to open one.

This isn’t a two-click type process, but it’s not a difficult or negative process either. Orbex warns that foreign exchange trading and investment can be highly speculative and may result in losses as well as profits. Foreign exchange and derivatives trading are not suitable for many members of the public and only risk capital should be applied. The platform is available for Demo and Live account holders and combines copying capabilities within online trading.

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