Orbex Fees and Spreads
Orbex Fees and Spreads
Orbex fees spreads and commissions start from $3.5 per lot with spreads from 0.0 pips.
Orbex has a low and incredibly competitive spread when compared to what other brokers offer by offering a spread list which starts from 0.0 pips along with commissions charged at $5 when using the Ultimate Account.
Orbex trading fees are according to the type of account that the trader chooses and the options along with the spread list, leverage, minimum deposit required, and commissions are as follows:
- Fixed Account – minimum deposit of $500, leverage up to 1:500, zero commissions charged and fixed spreads from 1.9 pips.
- Starter Account – minimum deposit of $200, leverage of up to 1:500, zero commissions charged and fixed spreads from 1.7 pips.
- Premium Account – minimum deposit of $5,000, leverage of up to 1:500, $8 commission charged on trades and spreads form 0.0 pips.
- Ultimate Account – minimum deposit of $25,000, leverage of up to 1:500, $5 commission charged on trades and spreads from 0.0 pips.
Traders should acknowledge that the amount of leverage that they qualify for will depend on the trading volume, leverage of 1:500 is available with volumes of 0-19.99 lots, 1:300 when trading 20-39.99 lots, and 1:100 when trading 40 lots or more.
Traders should note that certain financial instruments can only be traded during a certain time of the day, especially when considering different time zones, and additional fees may be charged should they hold these positions after they have closed.
Traders should always note that Overnight fees, otherwise known as swap fees or rollover fees, may be charged for positions held open for longer than a day.
Orbex offers the option of an Islamic account to traders who are of Muslim faith and who operate under the Sharia Law.
Muslim traders who make use of this account option will be charged for storage fees per lot that depend on the financial instrument as well as the duration that the position is kept open with fees ranging from $5 to $70.
Orbex does not offer traders with spread betting and therefore spread betting fees are not applicable to this broker.
Orbex does not charge any deposit fees or withdrawal fees.
Orbex charges an inactivity fee should the trading account be left inactive for a period of six consecutive months. The fee that will be charged is $20 or currency equivalent per month until the account is deemed active, or the account balance reaches zero.
Pros and Cons
|1. Tight and competitive spreads||1. Inactivity fee charged|
|2. Low minimum initial deposit amount||2. Islamic/Swap-free accounts charged for storage|
|3. Fixed commissions on trades|
|4. Low commissions when compared to other brokers|
How many instruments can I trade with Orbex?
You can trade the following instruments:
- Precious Metals, and
- Cash Indices
Which platforms are supported by Orbex?
Orbex provides the following popular trading platforms:
- MetaTrader 4
Does Orbex offer leverage?
Traders have access to leverage of up to 1:500 if trading volume is between 0-19.99 lots, , 1:300 when trading 20-39.99 lots, and 1:100 when trading 40 lots or more.
What spreads can I expect with Orbex?
Spreads from as little as 0.0 pips.
Does Orbex charge commission?
Commissions are charged at $5 when using the Ultimate Account.
Is Orbex regulated?
Yes, Orbex is regulated by the highly reputed CySEC in Cyprus.
Is Orbex a recommended forex trading broker for experts and beginners?
Yes, Orbex is suitable for both beginner and expert traders.
What is the overall rating out of 10 for Orbex?