Orbex Broker Review

In the broad and dynamic landscape of trading brokers, it is imperative to make thoughtful and educated decisions about who manages our trades. This is where Orbex comes into play, a broker with a solid reputation in the sector and several distinguishing characteristics. This review aims to provide non-biased insight into Orbex's functionality, features, and reputation in the trading arena.

Company Overview

Orbex, which includes Orbex LIMITED, Orbex Global Limited, and Orbex LLC, was founded in 2009 and has been online since 2010. Over these years, they have managed to build a credence within the community, and this is reflected in their average rating of 6.4.

Account & Position Management

The minimum account size for Orbex is $100, which makes it ideal for traders looking for low entry barriers. The minimum position size of 0.1 provides traders with flexibility in managing their portfolio risk.

Regulation

Orbex is a regulated broker. Although this may not be a primary concern for some traders, it is crucial in showcasing the transparency and dependability of a broker. The ripple effect of being a regulated broker increases trust, security, and reliability among its clients.

Spread & Leverage

Orbex offers low spreads, a highly appealing factor for any trader. The notion of lower spreads means that traders and investors are in for potentially higher profits. Although the max leverage is undisclosed, it is believed to be within reasonable standards, providing traders with sufficient margin trading opportunities.

US Trading

For US-based traders, it's unfortunate to mention that Orbex doesn't permit trading from their region. While this restricts American traders, it does open opportunities to traders in other parts of the globe.

Features

One of the significant aspects that sets Orbex apart from its competition is its strong array of features. These include trading by phone, free education, MAM (Multi-Account Manager), managed accounts, VPS (Virtual Private Server), segregated accounts, trading contests, personal manager, and PAMM (Percentage Allocation Money Management).

These features allow the traders to not only conduct seamless trading but also appreciate the other aspects such as education and engaging with the community. Most significant are the free education services and the personal manager option, which greatly support beginner traders in making informed decisions.

Conclusion

Overall, Orbex appears to be a fully functional broker with a strong set of features. While it may not be suitable for US traders, it can be a compelling choice for those who value regulated operations, low spreads, and a well-rounded feature list. Even though they have been rated 6.4/10, it's always recommended to research and understand one's trading needs before settling for any broker.