The lucrative opportunities in the financial markets have drawn the attention of millions of people all over the globe and the services of online brokers have made it possible for people to tap into them. But, you have to bear in mind that whether you are able to accomplish your trading goals will depend on the broker you open an account with. No two platforms will offer you the same experience or services and with scams prevalent in the market, caution has to be exercised. You can take advantage of this Orbex review to find a suitable brokerage for trading.
To avoid scams and frauds, you have to do your research and there is no better way to find out what kind of broker you are dealing with than by reading reviews. This is the purpose of the following Orbex review and it will shed light on the kind of platform it is.
Regulation and security
You can save yourself some time by first checking the regulatory status of a broker. If it is not regulated, chances are it is shady or a scam so that you can drop it altogether. The same should be done in the case of the Orbex broker and it is a relief to see that it falls in the regulated category. Operating since 2010, it has more than a decade of experience and its regulatory record is clean.
It is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Commission (FSC) in Mauritius, which has helped Orbex in attracting a global client base. The Orbex trading platform also promises negative balance protection and client deposits are segregated from corporate funds to prevent discrepancies. In this way, it is able to offer a secure trading environment to everyone.
Range of Assets
The range of assets offered by an online broker can vary for each platform and knowing the options is necessary to ensure you can find assets as per your risk tolerance. The Orbex trading platform has more than 300 CFDs available, which cover forex, indices, commodities, cryptocurrencies, and blue-chip stocks with listings in the United Kingdom, the United States, and the Eurozone. This means that traders can get an introduction to every sector in the financial markets on this platform, which is extremely appealing.
Another vital detail that every trader needs to know about an online broker is the trading platforms that are available for use. The platform is the software used for executing your trades and offers you the tools you use, which makes it an important element of your journey. Therefore, it is an aspect where you do not want to make compromises and the Orbex broker does not do so at all.
This is apparent from the fact that Orbex is offering the core MT4 trading platform, which has been upgraded through the Trading Central plugin and is provided to all funded trading accounts. The versatile infrastructure of the MT4 trading platform has made it a favorite industry-wide. You can find full support for algorithmic trading thanks to the EAs and copy trading services are also provided. In fact, when it comes to the Orbex trading platform, you have the option of using the web trader, the desktop version or downloading the mobile app.
No one wants to wait for answers when they have a question and the Orbex broker has provided various channels to its clients when they are seeking assistance. You can benefit from 24/5 customer support, which is available in the form of live chat, and email and there is also a callback function. You can also get answers to most questions from the help center and details about services and features are also provided, so additional support is rarely needed.
Is Orbex a scam or legit?
If you are worried about Orbex scam, then your concerns are unfounded because the broker has a strong reputation in the market. In addition, it has also received considerable awards and recognition for its top-notch trading services.
Once you go through this Orbex review, you will have no difficulty in figuring out that this is one of the most comprehensive brokers offering their services these days and can fulfill your needs.
Here you can go through our detailed Orbex review and learn whether or not Orbex is a legitimate or scam broker for online trading. Moreover, our orbex.com review will also help you learn what you can expect from the Orbex broker if you decide to sign up.