Orbex
Orbex (Orbex Global Limited) is a Forex and CFDs broker offering its customers some additional markets as well. It has been operating since 2009 with its head office in Cyprus and in Jordan, Kuwait. It is regulated by the CySEC and FCA. Besides, it was formerly known as AFBFx.
Orbex gives the opportunity to its traders to choose from several account types. Orbex offers high leverage, which is not that bad, but very risky, especially for novices. All in all, they do not have such bad conditions, but some restrictions may be tricky, especially for complete novices. There are better options for brokers, but if you find those conditions suitable, then it is a good choice.
CLIENTS | N/A |
REGULATED | yes |
BONUS | $100 for frien reffering |
TRADING INSTRUMENTS | N/A |
TRADING PLATFORMS | MetaTrader4, ORBEX MT4, WebTrader |
MIN. DEPOSIT | $200 |
CURRENCY PAIRS | 30+ |
MIN. SPREAD | Fixed |
MAX. LEVERAGE | 1:500 |
AUTOMATED TRADING | no |
CUSTOMER SUPPORT | 24/7 |
LANGUAGE SUPPORT | 3 |
ACCOUNT TYPES | Fixed, Started, Premium, Ultimate |
DEPOSIT METHODS | Bank wire, Debit/credit cards, FasaPay, K-NET, MoneyBooker, Neteller, WebMoney, ZotaPay |
WITHDRAW METHODS | Bank wire, Debit/credit cards, FasaPay, K-NET, MoneyBooker, Neteller, WebMoney, ZotaPay |
Ok they have the lowest n tighest spread in the market, but so what?
High in commission charge.. very troublesome signing up process ( i used the same proof of residency for another broker and got approved), and the process took me 2 days
Well its fine, upon deposit, it need you to snap the photo of your card for approval, another 1 day waiting
Upon withdrawal to the same card, it took more than 48 hours! And it is still pending!! God damn what kind of broker is this?? After so many good reviews, i decided to give it a try but ended up a total disaster. Bye!!
this scam forex market are stealing peoples money coz once the market is going in buy and you go with market they stop the trade and go the opposite side so i suggest this people cant continue to be forex traders
The same documents that were accepter by 4 reputed brokers were not considered by them.
their customer service is also very slow and vague
I made 300 deposit by palpay and make profit. When making withdrawl i was not allowed to withdrawl more than 300 using paypal.
They make thing difficult by asking me to only make withdrawl exceed 300 using bank transfer and they charge usd20 for every withdrawl.
Suckers…..
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