Recently emerging from stealth mode, Orbex is a UK-based spaceflight company, with subsidiaries and production facilities in Denmark and Germany. Farnborough, UK, July 16, 2018 – Orbex has announced that it has secured £30 million ($39.6 million) in public and private funding for the development of orbital space launch Retail foreign exchange trading systems. Orbex will launch orbital vehicles from the newly-announced UK Vertical Launch spaceport in Sutherland in the Scottish Highlands as part of the main consortium. Orbex Global Limited, which serves international clients, is registered in Mauritius and is regulated by the Mauritius Financial Service Commission .

Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What is Orbex

To see a list of the top MT4 brokers, see our comparison of MT4 brokers. Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other trading fees may be higher with a low minimum deposit account.

Orbex: Services And Offerings

Orbex specializing in CFD online trading on currencies, commodities, futures and Cash indices that are provided with deep liquidity from Tier-1 banks through reliable and fast execution. Also, you can trade energies and precious metals with NDD connectivity. Due to its regulation and legal status broker can be reliable one or now, while Orbex is a reliable provider of online trading that applies all EU regulations and laws in an officially regulated environment. You are allowed to withdraw funds up to the deposited amount via the same method as the deposited amount.

While Orbex offers a basic listing of trading instruments, the more seasoned of traders may find it unvaried and quite limiting to organically build a portfolio with. Overall, the asset selection in Orbex can be counted to 36 major Forex pairs, 2 metals, 1 energy commodity, and 5 cash indices, which is comparably lower than most offerings from online brokers. Forex options trading allows currency traders to realize Foreign exchange autotrading gains or hedge positions of trading without having to purchase the underlying currency pair. For example, a trader might put up just $1,000 of their own capital and borrow $9,000 from their broker to bet against the euro in a trade against the Japanese Yen . Since they have used very little of their own capital, the trader stands to make significant profits if the trade goes in the correct direction.

Orbex Verdict

Get access to Trade360’s crowd trading platform and start investing in hundreds of global markets. The Orbex advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. Orbex offers access to 20 exclusive tools which includes feature What is Orbex rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more. Understand that the MetaTrader 4 trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting.

What is Orbex

Prime launchers are up to 30% lighter and 20% more efficient than any other vehicle in the small launcher category, packing more power per cubic litre than many heavy launchers. Orbex staff members have professional backgrounds with NASA, ESA and several other commercial spaceflight organisations. Trading forex involves the buying of one currency and simultaneous selling of another. In forex, traders attempt to profit by buying and selling currencies by actively speculating on the direction currencies are likely to take in the future. The spreads on offer are at the upper end of the range which means very active traders should enquire about the ECN accounts. Customers can download a range of free eBooks covering everything from trading strategies to risk management. There’s also a wide range of articles and a course to help traders learn more about trading.

Although we empathize with you, kindly note that you have deposited an amount relatively large ($8900) compared to the total traded volume, which was 0.06 Lots. As you intended to test our execution speed, and as the margin requirement needed for the mentioned traded volume was roughly around $15, you could have just deposited the minimum requirement of $200. Orbex Global Ltd is licensed Foreign exchange autotrading and regulated by the Mauritius Financial Services Commission . The broker is authorised to provide services outside the EU, though not if domestic regulations prohibit their operation, such as in the US, Cuba, Sudan, Syria and North Korea. Withdrawals via e-wallets are processed within 24 hours, however payment cards and bank transfers can take three to five business days.

Is Orbex A Con?

Strategizer offers advanced features to make your forex trading strategy as complex or as simple as you need it to be. In simplest terms, Strategizer allows you to build your EA with maximum optimization, removing the need for a separate VPS service. Deposits and withdrawals can be made through payment cards , Skrill, Neteller, WebMoney, Fasapay or bank wire transfer. Deposits take up to two hours to reach your account, except for wire transfers, which take three to five business days. As the name suggests, the Fixed account offers fixed spreads, set at 1.9 pips for forex pairs.

  • These brokers often have more in depth technical analysis and research tools and better risk management features.
  • The broker is regulated by CySec and registered with the supervisory bodies in 28 European countries.
  • Companies doing business in foreign countries are at risk due to fluctuations in currency values when they buy or sell goods and services outside of their domestic market.
  • With Negative balance protection means traders cannot lose more money than they have deposited.
  • We have covered allot in this Orbex review, If you want to see how Orbex compares side by side with other brokers check out our Orbex Vs pages.
  • What is more great Orbex does not charge any transaction fees either for deposits or withdrawals, where all account manipulations can be done through your online account management area.

Forex and day trading can be considered haram due to the presence of overnight interest charges. Orbex addresses this issue by offering Islamic-friendly, swap-free accounts. If you are looking for alternatives to Orbex we have compiled a list of the top 5 brokers that are similar to Orbex below. This list of brokers like Orbex is in order of similarity and only includes companies that accept traders from your location.

Orbex Review Summary

International currencies need to be exchanged in order to conduct foreign trade and business. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate.

One of the advantages of offering the MT4 trading platform is the scalability aspect, which ensures that all types of traders can access their trading accounts through a varied choice of trading platforms. Desktop traders can download the MT4 terminal for both Windows, as well as Mac OS, while mobile traders can download the Orbex mobile apps for iOS, Android, Windows, and Blackberry operating systems. Orbex offers comprehensive support for smartphones and tablets, which are further complemented by the MT4 WebTrader that allows traders to access the markets on the move through any supported web browser.

What is Orbex

The forwards and futures markets tend to be more popular with companies that need to hedge their foreign exchange risks out to a specific date in the future. Orbex supports digital trading on a range of spot instruments and CFDs.

Orbex Regulation

Currencies are traded in OTC markets, where disclosures are not mandatory. Large liquidity pools from institutional firms are a prevalent feature of the market. One would presume that a country’s economic parameters should be the most important criterion to determine its price. The 2019 survey found that the motives of large financial institutions played the most important role in determining currency prices.

A large percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Trading financial instruments including crpytocurrency and foreign currency markets come with a very high level of risk. In regards to leverage and margin based trading you will be exposed to a high risk of loss. Some financial instruments and derivatives that are off exchange may offer varying leverage and may have limited regulatory protection and high market volatility.

You have two options for withdrawing funds from your trading account – go to ‘Withdrawal’ found within the Funds menu and either select ‘Bank Wire Transfer’ or ‘Online Payment Gateway’. Please be aware that withdrawal via Bank Wire Transfer will require adding your bank information via the ‘My Banks’ option before initiating a withdrawal request. Andorid mobile devices and tablets are used by millions of people globally. The Android Orbex MetaTrader 4 Android application enable traders to make the most of multiple advanced trading features which enables them to monitor and trade Forex quickly on the go, simply and securely.