Orbex Rating, Review Orbex

ORBEX RATING REVIEW

-FOREX BROKER RATING {74.4%}

Orbex is an ECN Forex broker situated in Cyprus and maintaining also offices in Kuwait. Orbex is regulated by FCA UK and CySEC and registered with many more regulatory bodies (check at the end of this review for full licenses). Segregated client bank accounts are provided to all clients. Orbex offer only one desktop platform which is MetaTrader-4, in two versions (PC and MAC) plus the MT4 multi-terminal. There is a MT4 app covering all major mobile devices (check below). Automated trading and scalping are allowed (ECN accounts only) and Orbex offers also a free VPS hosting. The Orbex asset index contains 28 Forex pairs plus all major metals, energy and equity indices. The trading spreads are considerably tight starting as low as 0.6 pips for EURUSD plus $10 / lot commissions. If you want to trade without any commissions you pay spreads starting as low as 1.5 pips for EURUSD.

As concerns Orbex accounts, there are 5 account types starting with the Universal Mini Forex Account (minimum deposit $500) and the ECN Standard Account (minimum deposit $500) and getting up to the ECN Advanced Account (minimum deposit $25,000). Note that you can open an ECN account with as low as $500, and that is good. There are a lot of different fund methods that can be used, as you may see below, while no commissions or fees are charged on deposits or withdrawals. The broker offers also daily market research and analysis plus Forex education in online training. No welcome bonus is offered for new clients.

In overall Orbex is a good choice for advanced Forex traders offering tight spreads and good technology. Forex scalpers and Forex news-traders can take advantage of fast execution and the free VPS service for all Orbex clients.

Orbex Trading Platforms

  • Minimum Account: 500USD
  • Fund Methods: Cards, Wire, CashU, Neteller, Skrill, WebMoney
  • Account Currencies: United States dollar | Euro
  • SWAP-Free Accounts: Yes
  • Platforms: MetaTrader4 | WebTrader | Mobile Apps
  • Forex Index: Orbex offers 28 Forex pairs
  • Metals: Gold and Silver (vs USD and vs Euro)
  • Energy: Crude Oil | Natural Gas
  • Commodities: Coffee | Sugar
  • Shares: No
  • Indices: Dow Jones, Nasdaq, S&P500, DAX
  • Customer Support: 24/5 via Live Chat, Phone, eMail, Callback
  • Support Languages: English, Arabic, Spanish, German, Bengali, Russian, Chinese, Urdu, Bulgarian, Greek

Here is the Orbex Rating Summary

» ORBEX LIVE CHAT | » LEARN FOREX

ORBEX RATING SUMMARY  
Based on the Main Rating Table (MAX 100%)
A. ORBEX FUNDS SAFETY 86.0%
B. ORBEX TRANSACTION COST 76.8%
C. ORBEX TRADING OPTIONS AVAILABLE 61.5%
D. ORBEX TECHNOLOGY 72.5%
Overall Orbex Rating 74.4%
RATING PER TRADING EXPERIENCE  
Based on Orbex Sub-Formulas (MAX 100%)
Forex Beginners 76.3%
Advanced Forex Traders 71.6%
Professional Forex Traders 69.5%
Overall Orbex Rating 74.4%

 

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ORBEX FULL RATING REVIEW

This is the full Orbex Rating Report using the Rating Formula v4.1 (under authorization)

ORBEX FOREX RATING REPORT    
ORBEX TOTAL RATING   100.0% Orbex Broker
      74.4% ANALYSIS
A. ORBEX FUNDS SAFETY MAX WEIGHT 26.0% 22.4% Orbex Safety of Funds Rating
A.1 Orbex Regulation FSC (BVI) = 1.0% rating | CYSEC (Cyprus) = 3.0% rating | FFMS (RU) = 3.0% rating | RAFMM (RU) = 3.0% rating | CBI (IR) = 4.0% rating | ASIC (AU) = 4.0% rating | FSC (NZ) = 4.0% rating | FSA (UK) = 6.0% rating | BAFIN (GE) = 6.0% rating | NFA (US) = 6.0% rating | CFTC (US) = 6.0% rating | FINMA (SW) = 8.0% | and MiFID (EU) = +4.0% rating 12.0% 12.0% Regulated by FCA (UK) = 6% rating, CySEC = 3% rating and the European MiFID = 4% rating | Total Rating = (max) 12.0%
A.2 Orbex Headquarters Offshore Countries = 0% | Cyprus and similar = 2.0% rating | Spain, Italy and similar = 3.0% rating | Australia and similar = 4.0% rating | USA, Germany, UK, Switzerland and similar = 5.0% rating 5.0% 2.0% Headquarters in Cyprus = 2.0% rating
A.3 Orbex Years of Operation 0-1 Years Operation = 0 % rating | 2-5 Years Operation = 2.0 % rating | 5-10 Years Operation = 4.0 % rating | 10+ Years Operation = 5.0 % rating 5.0% 5.0% Orbex was found in 2010m 5-10 years of operation = 5.0% rating
A.4 Orbex Client Bank Account Segregation Yes Provided =  2.0 % rating | No it isn't Provided = 0.0 % rating 2.0% 2.0% Bank Account Segregation for all client accounts = 2.0% rating
A.5 Orbex Web Ratings (Used for differentiating rating results) EarnForex Rating = 1.0 % rating | ForexPeaceArmy Rating = 1.0 % rating 2.0% 1.4% ForexPeaceArmy = 3.429 / 5.00 | EarnForex rating = Unrated | Total =1.3716% rating
A.6 (+) Orbex ADJUSTMENTS        
A.6.1 Company Size Factor 1+ Million of Active Traders = +1.0 % rating 1.0% 0.0% No = 0%
B. ORBEX TRANSACTION COST MAX WEIGHT 28.0% 21.5% Orbex Transaction Cost Rating
B.1 Orbex EURUSD Spread < 0.3 pip = 8.0% rating | <0.4 pip = 7.5% rating | < 0.5 pip = 7.0% rating | <0.6 pip = 6.5% rating | <0.7 pip = 6.0% rating, | <0.8 pip = 5.5% rating | <1.0 pip = 5.0% rating | < 1.25 pip = 4.5% rating | < 1.5 pip = 4.0% rating | <1.75 pip = 3.5% rating | >2 pip = 3.0% rating | < 2.5 pip = 2.0% rating | < 2.5 pip = 1.0% rating | < 3 pip = 0.5% rating 8.0% 6.5% EURUSD at 0.6 pip (tested account types is ECN Standard) = 6.5% rating
B.2 Orbex GBPUSD Spread < 1.0 pip = 5.0% rating | <1.25 pip = 4.0% rating | < 1.5 pip = 3.0% rating | < 1.75 pip = 2.5% rating | < 2 pip = 2.0% rating | < 2.25 pip = 1.5% rating | < 2.5 pip = 1.0% | < 3 pip = 0.5% 5.0% 5.0% GBPUSD at 0.9 pips (tested account types is ECN Standard) = 5.0% rating
B.3 Orbex USDJPY Spread < 1.0 pip = 4.0% rating | <1.25 pip = 3.5% rating | < 1.5 pip = 3.0% rating | <1.75 pip = 2.5% rating | < 2 pip = 2.0% rating | < 2.5 pip = 1.0% rating | < 3 pip = 0.5% 4.0% 4.0% USDJPY at 0.9 pips (tested account types is ECN Standard) = 4.0% rating
B.4 Orbex Trading Commissions Charged No Commissions = 7% rating | Commissions < $5 / lot = 3% rating | Commissions < $8 / lot = 1% rating | Higher Commissions = 0% rating 7.0% 0.0% Trading Commissions $10 / lot (tested account types is ECN Standard) = 0.0% rating
B.5 Orbex Funding Commissions No Funding Fees = 2.0 % rating | Yes = 0 % rating  | One Free Withdrawal Per Month = 0.5 % rating 2.0% 2.0% No fund fees / commissions = 2.0% rating
B.6 Orbex Maintenance / Inactive Fees No Maintenance / Inactive Fees = 2.0 % rating | Yes Maintenance / Inactive Fees = 0 % rating 2.0% 2.0% No such fees = 2.0% rating
B.7 (+) Orbex ADJUSTMENTS        
B.7.1 Orbex Execution ECN / DMA Execution = +2.0 % rating | STP Execution = +1.5 % rating | Dealing Desk Execution = +0.0% rating 2.0% 2.0% ECN trading model = +2% rating
C. ORBEX TRADING OPTIONS AVAILABLE MAX WEIGHT 26.0% 16.0% Orbex Trading Options Rating
C.1 Orbex Index of Forex Assets 45+ Forex Pairs = 8.0% rating | 40+ Forex Pairs = 7.0% rating | 35+ Forex Pairs = 6.0% rating | 30+ Forex Pairs = 5.0% rating | 25+ Forex Pairs = 4.0% rating | 20+ Forex Pairs = 3.0% rating | 15+ Forex Pairs = 2.0% rating | 10+ Forex Pairs = 1.0% rating | Less than 10 Forex Pairs = 0% rating 8.0% 4.0% Forex asset Index containing 29 pairs = 4.0% rating
C.2 Orbex CFD Trading Yes CFD Trading = 2.0 % rating | No CFDs = 0.0 % rating 2.0% 2.0% CFD trading is available = 2.0% rating
C.3 Availability of Free Demo Account Yes = 2.0 % rating, No = 0.0 % rating 2.0% 2.0% Demo / Practice Account = 2.0% rating
C.4 Orbex Capital Leverage Leverage > 100:1 = 2.0% rating | Leverage > 75:1 =1.5% rating Leverage > 50:1 = 1.0% rating 2.0% 2.0% Capital Leverage up to 500:1 = 2.0% rating
C.5 Orbex Promotions   6.0% 0.0%  
C.5.1 Orbex Welcome Bonus (%) Welcome Bonus >50% = 6% rating | Welcome Bonus >40% = 5% rating | Welcome Bonus >30% = 4% rating | Welcome Bonus >20% = 3% rating | Welcome Bonus >15% = 2% rating | Welcome Bonus >10% = 1% rating   0.0% No Bonus = 0% rating
C.5.2 Orbex Trading Rebate (%) Trading Rebate >30% = 6% rating | Trading Rebate >25% = 5% rating | Trading Rebate >20% = 4% rating | Trading Rebate >15% = 3% rating | Trading Rebate >10% = 2% rating | Trading Rebate >5% = 1.0% rating      
C.6 Orbex Minimum Account Min Account < $500 = +1% rating | Min Account < $1,000 = +0.5% rating 1.0% 1.0% Minimum Account is 500USD = 1.0% rating
C.7 Orbex Deposit Methods For every available deposit method = 0.5% rating max = 5 methods 2.5% 2.5% More than five (5) fund methods = 2.5% rating
C.8 Orbex Withdrawal Methods For every available withdrawal method = 0.5% rating max = 5 methods 2.5% 2.5% More than five (5) fund methods = 2.5% rating
C.9 (+) Orbex ADJUSTMENTS        
C.9.1 Asset Index with more than 100 Forex Pairs Yes more than 100 Pairs = 1.0 % rating / No = 0 % rating 1.0% 0.0% No = 0%
C.9.2 Interest on Unused Funds Yes Interest on Funds = 0.50 % rating No = 0.0 % rating 0.5% 0.0% No = 0%
C.9.3 Orbex Contests / Championships Yes Available = 0.25 % rating | No = 0 % rating 0.3% 0.0% No = 0%
D. ORBEX TECHNOLOGY MAX WEIGHT 20.0% 14.5% Orbex Technology Rating
D.1 Orbex Trading Platforms Availability For every Trading Platform = 1.0% rating max = Five (5) platforms 5.0% 2.0% MetaTrader-4 & MetaTrader-4 Multi-Terminal = 2.0% rating
D.2 Orbex Slippage on Execution Slippage  < 0.5 pip =  4.0% rating | < 0.75 pip =  3.5% rating | < 1 pip = 3.0% rating | < 1.25 pip =  2.5% rating | < 1.5 pip = 2.0% rating | < 1.75 pip =  1.5% rating | < 2.0 pip = 1.0% rating 4.0% 1.5% Below 1.75 pips = 1.5% rating
D.3 Orbex Allowance of Automated Trading Yes it is Allowed = 2.0 % rating  / No = 0 % rating 2.0% 2.0% Forex Robots (Eas) are allowed plus Orbex offer a free VPS = 2.0% rating
D.4 Orbex MT4 Platform Availability Yes it is Provided = 2.0 % rating / No = 0 % rating 2.0% 2.0% MT4 platform is available at Orbex = 2.0%
D.5 Orbex Mobile Trader Availability For every Mobile Device = 0.50 % rating, max = Four (4) mobile devices  2.0% 2.0% Four (4) MT4 Apps (2 for iOs, Android and Windows) = 2.0%
D.6 Orbex Scalping / Hedging Allowance Yes to both = 1.0 % rating | Only Hedging or Scalping = 0.5% rating | No to both = 0 % rating 1.0% 1.0% Salping is allowed by Orbex but only as concerns ECN account type | Hedging is allowed = Total 1.0% rating
D.7 Orbex Customer Support 24/7 Customer Support = 1.0 % rating | 24/6 Customer Support = 0.5 % rating | 24/5 Customer Support = 0 % rating | email support = 1.0% rating | Phone support = 1.0 %. | Live Chat support = 1.0 % rating | Skype support = 0.5 % rating | Call-Back = 0.5 % rating 4.0% 4.0% Orbex Customer Support is 24/5=0.0% via eMail=1.0%, Phone=1.0%, Live Chat=1.0%, CallBack=1.0% = Total 4.0% rating
D.8 (+) Orbex ADJUSTMENTS        
D.8.1 Orbex PAMM / MAM Accounts Yes PAMM / MAM = 0.5% rating | No = 0 % rating 0.5% 0.0% No = 0%
D.8.2 Orbex Availability of API Trading Yes to API trading = 0.5 % rating | No API trading not available = 0.0 % rating 0.5% 0.0% No = 0%
    TOTAL ORBEX RATING  74.4%   

 

Orbex Global Full Licenses and Authorizations

Main offices: Headquarters in Cyprus at 3501, 5th floor,Maximos Plaza Tower 3, Maximos Michaelidi Street, Limassol 3106, Cyprus and second offices in Kuwait at Al-Tejaria Tower, Office 231, Floor 23 Al-Soor Street, Sharq, Kuwait

(1) FCA (UK), Number 553071

(2) CySEC, Number 124/10

(3) Banque de France, Number 73762

(4) CNMV (Spain), Number 2894

(5) CONSOB (Italy), Number 3148

 

Orbex Forex Industry Awards

(1) Best FX Forecast & Strategy Provider 2013

(2) Most Innovative ECN Broker 2013

(3) Best FX Technology Provider 2013

(4) Fastest Growing Broker in China 2012

(5) Best Arabic FX Provider 2012

(6) Best Retail FX Provider 2011

(7) Best FX Arabic Platform 2011

 

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Orbex Rating -Review Orbex

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Note: The above Orbex Rating was made using the TradingCenter Rating Formula v4.1 under authorization

Rating Formula Concept by George M. Protonotarios, MSc “International Banking and Finance”