Orbex is an established European Forex broker, that is licensed and regulated by CySEC since 2011.
Owned by Orbex LTD, they are officially located at: 82nd Street #6 Ground Floor, 4153 Kato Polemidia, Limassol, Cyprus. Contact phone number in United Kingdom is: +442035198170. Customer support email address is: [email protected]. Official Website: https://www.orbex.com/en/.
Orbex Broker Review
Investors at Orbex are given access to the standard MT4 trading platform, which also has a Web Trader and mobile apps for Android & iOS. They offer a wide variety of assets to trade including; Forex / Currency pairs, Commodities (oil, gold silver), Indices and CFD’s for shares trading.
As a global broker the website is available in the following languages; English, Arabic, Spanish, Persian, Bengali, Japanese, Russian, German, Polish, Indonesian and Italian. The minimum deposit for their starter investment account is $200, with variable spreads. If you are looking for fixed spreads, then the minimum deposit amount is $500.
Leverage / Margin Rates offered is as high as 500:1 and that is for international traders. In Europe, the maximum leverage offered is 30:1. Investors have the ability to create demo trading accounts, to test out the platform’s speed and your trading strategies.
Is Orbex a Legit Broker?
Yes, Orbex is a licensed and regulated broker.
- European Union: Licensed by CySEC as regulated broker since October 21st 2010, with license number 124/10. Go verify the official license at CySEC’s website.
- International: Operated by: Orbex Global Limited, and located at; 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius. They have a license from the Mauritius FSC.
A CySEC licensed broker can offer brokerage accounts to all countries that are members of MiFID in the European Union. Additionally, they are a member of the Investors Compensation Fund which means your account has protection of up to 20,000 euro in the event that the broker becomes insolvent.
The best way for you to know that a Forex broker is not a scam, is by checking their regulatory status. When you see that they hold a valid license from a financial regulator, you can be sure that they are a legitimate broker.
Compare Licensed Brokers
There are many Forex brokers to compare and choose from online. The main reason that traders choose to go with a licensed Forex broker, instead of a scam Forex broker is because they are interested in trading, and not worrying about a broker becoming insolvent.
ForTrade is the fastest growing, licensed CFD broker in the United Kingdom & Australia. Their trading platform is versatile and easy for all levels of investors.
See More at: ForTrade.com.
If you are currently investing with Orbex, please share your review in the comments below.