In this review, we will tell you about the dubious broker Orbex. It has been operating on global markets for several years, and during this time it has acquired a mixed reputation. There are many negative comments in the network, market players complain about technical problems and deception. At the same time, the project managers declare their competence, high professional level and honesty. Careful analysis of the situation, parsing the official site and reviews will help to find out the truth!
Review of the Orbex brokerage site
The firm describes responsible service to traders from different corners of the globe. It constantly strives for development, and therefore provides market players with innovative new generation systems. Orbex talks about its distinctive characteristics:
- Regulation by higher authorities. The company ostensibly adheres to international standards and regulations. It holds several licenses from the European Securities and Exchange Commissions.
- Security. The firm utilizes advanced technology to provide a secure environment for online trading. All client data is carefully backed up and encrypted. The money of registered traders is kept in separate bank accounts.
- Trading conditions. The client receives competitive spreads and low commissions. He can carry out transactions with leverage up to 1:500. Real account holders get free access to interbank liquidity. They can execute trades with the best prices in the industry.
The brokerage firm talks about its advantages, but the official Orbex website does not provide legitimate documents. One gets the impression that the project has no access to global markets and is a typical scam.
Cooperation options for traders
The brokerage firm offers several tariff plans. A registered client can use a starter account with a minimum deposit of 100 dollars. He receives variable spreads and zero commissions. Leverage reaches a ratio of 1:500. To get access to zero spreads, you will need to deposit 25,000 dollars. In this case, commissions will be from 5 dollars per lot. The client can use webinars, training sessions and educational materials.
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What tools does the broker offer?
The stockbroker says that the success of the client is its top priority. The market player gets at his disposal all the tools and knowledge needed to make informed investment decisions. A trading center is present on the Orbex website. It combines numerous market studies and useful recommendations of professionals. Thanks to advanced trading signals, the market player will be able to analyze the current situation and choose the best financial assets. A free VPS is provided to automate trading. It provides instant data transfer and allows using robotic systems when the device is switched off.
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Opinion about working with the brokerage project
Traders call Orbex a disgusting exchange that is not worth contacting. The client could not withdraw funds for three weeks, the company representatives ignore appeals and do not process the request. The company sets a high entry threshold, but does not provide quality service.
The scammer offers accounts with different types of spread. At the same time, if you open a fixed account, you cannot use scalping or connect a trading expert. The firm promised zero commission for replenishment, but still withdrew money from the client’s account. As a result, the trading conditions published on the official website do not correspond to reality at all.
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Is Orbex a bona fide intermediary?
The company does not fulfill the agreed terms at all. It guarantees its traders comfortable platforms and favorable commissions, but at the same time it sets completely different rules of the game. Many clients cannot make a withdrawal. Orbex keeps funds inside its own system, it does not intend to pay out money to registered participants. The company uses fraudulent schemes, and therefore cooperation with it always leads to global losses.
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