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Orbex Account Types

Orbex_Account Types

 

Orbex provides three different account types, namely the Starter account, Premium account, and Ultimate account. Each account has its own set of conditions for commission, fees, margin calls, leverage, and minimum deposits.

 

Orbex at a Glance

Broker's NameOrbex
📍 HeadquarteredOrbex Holding LTD is based in Cyprus and Orbex Global LTD in Mauritius
📅 Year Founded2011
⚖️ Regulating AuthoritiesCySEC, FSC
🌐 Countries not accepted for tradeUnited States
☪️ Islamic account (swap-free)Yes
👍 Demo AccountYes
📊 Institutional AccountsYes
📊 Managed AccountsYes
📈 Maximum Leverage1:500
💰 Minimum Deposit$200
💳 Deposit OptionsCredit and debit cards, bank wires, Skrill, Neteller, WebMoney, Fasapay, K-Net and Klarna
💳 Withdrawal OptionsCredit and debit cards, bank wires, Skrill, Neteller, WebMoney, Fasapay, K-Net and Klarna
💻 Platform TypesMetaTrader 4
📱 OS CompatibilityMac, Windows, Linux, Web, Mobile Android, iPhone, iPad
📈 Tradable assets offeredForex, Energies, Precious Metals, Cash Indices
👨‍💼 Languages supported on Website English, Spanish, Bengali, German, Polish, Italian, Arabic, Japanese, Vietnamese, Russian and more
👥 Customer Support LanguagesEnglish, Spanish, Arabic, German, Japanese, Chinese, Russian, Greek, Polish, Other
📆 Customer Service Hours24/5

 

Overall Rating

4.8/5

Rated #53 of
Recommended FX Brokers

💰Minimum Deposit

USD 200

🌐 Regulators

FSC

📱 Trading Desk

MetaTrader 4 

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Orbex Account Types – 7 key points quick overview:

 

Orbex Overview

orbex overview

 

👉 Orbex is a well-regulated STP and ECN broker based in Cyprus and Mauritius that has been in operation since 2010 with respective regulation and authorization through CySEC in providing various traders with online trading solutions and services.

 

👉 Orbex Global Limited is regulated by FSC in addition to Orbex being registered with supervisory authorities such as FCA, ATVP, BaFin, CNMV, Banque de France, FSA, KNF, FI, AFM, LSC, CNB, FIN, and CMVM.

 

👉 Orbex offers traders the opportunity to trade in a variety of financial instruments spread across an array of asset classes through the provision of comprehensive and competitive trading conditions and access to the powerful MetaTrader 4 trading platform.

 

👉 Orbex offers over 60 instruments that can be traded along with trading accounts that cater to the trading needs and objectives of a variety of traders despite their trading experience.

 

👉 Also, Orbex also offers traders access to the latest innovations in Forex charting, analysis, and automated trading tools and resources to provide a unique trading experience and dynamic trading environment.

 

Orbex Account Types

orbex account types

 

👉 Orbex provides four main account types that each have unique trading conditions and serves the purpose of providing traders with a dynamic trading experience and environment along with being the best pricing schedule.

 

Orbex offers the following accounts types:

➡️️​ Starter account

➡️️​ Premium account, and

➡️️​ Ultimate account.

 

Starter Account

orbex starter account

 

The Orbex Starter account has the following features:

➡️️​ A minimum deposit of US Dollar 200.

➡️️​ Variable spreads from 1.7 pips.

➡️️​ Commission-free trading.

➡️️​ Leverage up to 1:500.

➡️️​ Access to a monthly webinar.

➡️️​ The ability to use scalping when trading on this account.

➡️️​ Access to Trading Central and Free Signals.

➡️️​ Access to basic education and regular training sessions.

➡️️​ Stop out the level of 20% and access to VPS.

➡️️​ Ability to use make of Expert Advisors, or EAs.

➡️️​ NDD Execution is available on this account type.

 

Premium Account

Orbex premium account

 

The Orbex Premium account has the following features:

➡️️​ A minimum deposit of US Dollar 5,000.

➡️️​ Variable spreads from 0.0 pips.

➡️️​ Commission charges from US Dollar 8 round trip charged on trades.

➡️️​ Leverage up to 1:500.

➡️️​ Access to webinars that consist of Webinar plus and Live trading.

➡️️​ The ability to use Scalping.

➡️️​ Access to Trading Central and Premium Signals.

➡️️​ Access to advanced education and one on one training sessions.

➡️️​ Stop out the level of 20% and access to VPS.

➡️️​ Ability to make use of Expert Advisors, or EAs.

➡️️​ NDD Execution is available on this account type.

 

Ultimate Account

Orbex ultimate account

 

The Orbex Ultimate account has the following features:

➡️️​ A minimum deposit of US Dollar 25,000.

➡️️​ Variable spreads from 0.0 pips.

➡️️​ Commissions of US Dollar 5 charged on trades.

➡️️​ Leverage up to 1:500.

➡️️​ Access to webinars that consist of Webinar plus and Live trading.

➡️️​ The ability to use Scalping.

➡️️​ Access to Trading Central and Ultimate Signals.

➡️️​ Access to advanced education and one on one training sessions.

➡️️​ Stop out the level of 20% and access to VPS.

➡️️​ Ability to make use of Expert Advisors, or EAs.

➡️️​ NDD Execution is available on this account type.

 

Orbex Demo Account

orbex demo account

 

Orbex offers traders the option of opening a Demo Account which can be utilized in various ways, including, but not limited to the following:

➡️️​ A practice account for beginner traders who wish to improve their trading skills and experience in a risk-free environment using virtual funds.

 

➡️️​ Traders who are evaluating and comparing brokers who would like to explore Orbex’ trading conditions in a risk-free environment, and

 

➡️️​ Traders who wish to test their trading strategies in a mimicked live trading environment without risking their capital.

 

Orbex’s demo account signs up is fully digitalized and hassle-free. It can be done within a few minutes and as soon as the trader is registered, demo trading can commence once MetaTrader 4 has been installed on either of the following devices:

➡️️​ Desktop PCs that use Linux, Windows, or MacOS, or

➡️️​ Mobile devices such as tablets and smartphones that run Android or iOS operating systems.

 

Alternatively, traders can easily access the trading platforms from their web browser and use their credentials to sign into their Orbex Demo Account using MetaTrader 4’s WebTrader.

 

Orbex Islamic Account

orbex islamic account

 

👉 The purpose of an Islamic Account is that it caters specifically to Muslim traders who strictly follow the Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which are seen as wasteful or exploitive.

 

👉 Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.

 

👉 Orbex offers the option of an Islamic Account which is subjected to strict terms and conditions. This account option is only available to Muslim traders and requires an online application along with proof of religion before the account conversion can be approved.

 

👉 Orbex offers Muslim traders the option of an Islamic Account option without being subjected to additional commissions, wider spreads, or administration fees and with the added benefit that there is no time limit on the duration that positions are held open.

 

👉 Should there be any misuse of the Islamic Account whereby traders profit through holding positions open for long periods of time, traders are advised to close these positions immediately or Orbex will be forced to close the account without prior notice.

 

👉 The diversity provided by these account types ensures that traders have access to a trading environment that is competitive and cost-effective in terms of trading and non-trading costs.

 

👉 Orbex traders are given the edge they need to facilitate their trading activities regardless of their level of skills, knowledge, and experience.

 

Overall Rating

4.8/5

Rated #53 of
Recommended FX Brokers

💰Minimum Deposit

USD 200

🌐 Regulators

FSC

📱 Trading Desk

MetaTrader 4 

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

👉 Orbex’s accounts are designed to facilitate all styles of trading.

 

👉 Now that you know what to expect in terms of the account types offered by Orbex, let’s look at some of the pros and cons of trading with them.

 

Orbex Pros and Cons

✔️Pros❌Cons
Well-regulatedNo US Clients
Seamless execution offeredStocks and cryptocurrency trading not offered
Variety of accounts offeredHigher than the average minimum deposit of US Dollar 200
MetaTrader 4 supportedLack of support for social trading
Competitive trading conditions
Demo account and Islamic Account option provided

 

Orbex provides traders with competitive and comprehensive trading conditions, tailored to the needs of various traders despite their level of understanding and expertise.

 

To conclude this article, here is a brief overview of Orbex containing all essential information:

 

Conclusion

Overall, Orbex offers four flexible account types that accommodate the needs of any type of trader, and these accounts can also be used as demo accounts or Islamic accounts.

 

orbex contact us

 

To find out more about Orbex, read one of the articles below.

 

Good luck with your trading!

 

You might also like: Orbex Sign up Bonus

You might also like: Orbex Demo Account

You might also like: Orbex Fees and Spreads

You might also like: Orbex Minimum Deposit

You might also like: Orbex Islamic Account

 

FAQs

Trading Environment

How many instruments can I trade with Orbex?

You can trade the following instruments:

  • Forex
  • Energies
  • Precious Metals, and
  • Cash Indices

 

Which platforms are supported by Orbex?

MetaTrader 4.

 

Does Orbex offer leverage?

Yes. Traders have access to maximum leverage up to 1:500.

 

What spreads can I expect with Orbex?

Spreads from as little as 0.0 pips.

 

Does Orbex charge commission?

Yes. Commissions are charged at US Dollar 5 when using the Ultimate Account.

 

Are there additional charges on the Islamic account?

No. There are no additional charges indicated for the Islamic Account. Muslim traders who make use of the Islamic Account are subjected to the trading conditions as per the account type available for conversion.

 

Is Orbex regulated?

Yes. Orbex is regulated by CySEC with registration through numerous supervisory entities.

 

Is Orbex a recommended forex trading broker for experts and beginners?

Yes. Orbex caters to both beginners and experts.

What is the overall rating out of 10 for Orbex?

8/10.

 

Accounts

What is the difference between a demo and a live trading account?

A Demo Account is a risk-free account which is funded by virtual money and allows traders to either practice trading, explore the brokers offering, or test trading strategies in a mimicked live trading environment.

 

Does Orbex offer a demo account?

Yes, Orbex does offer a demo account

 

For how long is the demo account valid?

The general duration of demo accounts is 30-days.

 

Does Orbex offer the option of an Islamic Account?

Yes. The option for converting a live trading account is available only to Muslim traders.

 

Which live trading accounts does Orbex offer?

Orbex offers the following trading accounts:

  • Fixed Account
  • Starter Account
  • Premium Account, and
  • Ultimate Account.

 

What are the available deposit currencies for a live trading account?

  • USD
  • PLN
  • GBP
  • EUR, and more

 

Deposits and Withdrawals

What is the minimum deposit for Orbex?

US Dollar 200.

 

How do I make a deposit and withdrawal from Orbex?

  • Credit/Debit Card
  • Bank Wire Transfer
  • MoneyBookers
  • WebMoney
  • Neteller, and
  • Fasapay

Does Orbex charge withdrawal fees?

No. Traders will, however, need to verify the possibility of banking fees that can or may be waived by their payment provider for transactions to and from the trader’s bank account and trading account.

 

How long does it take to make a withdrawal?

This will depend on the method through which withdrawals are made along with the process involved and generally it can take between one and several business days.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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