BrokAIr Reviews

Orbex Review

"Orbex has one of the lowest trading fees in the industry, but it compromises on customer service." Does Orbex sacrifice customer service for competitive fees?

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Overview of Orbex

Orbex is a Cyprus-based broker that was founded in 2011 by a group of financial experts and investors. The company offers Forex, CFDs, and Futures trading. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) and is a member of the Investment Compensation Fund (ICF). Orbex also has offices in the UK, Germany, France, and Spain.

Pros and Cons of Orbex

Public Opinion of Orbex

The public opinion of Orbex appears to be generally positive. Many users report that their trading experience with Orbex has been positive, citing the competitive spreads and fees as well as the reliable platform. In addition, there are many users who praise the customer service offered by the company. On the other hand, some users have reported issues with withdrawals or customer service. Additionally, some users have complained about the lack of educational materials or resources offered by Orbex. Overall, it appears that the public opinion of Orbex is mostly positive but with some caveats.

Newsworthy Events Around Orbex

In 2018, Orbex announced its partnership with Autochartist which allowed traders to easily access technical analysis tools directly from their trading platform. In 2019, Orbex launched its new Global Affiliate Program which allowed partners to earn commission on referrals to the broker. In 2020, Orbex unveiled its new website design which was optimized for mobile devices and provided more intuitive navigation for traders. Additionally, in 2020 Orbex became a member of the Financial Commission which provides an additional layer of protection for traders in case of disputes with the broker.