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Orbex Malaysia

Orbex Malaysia - Orbex Forex Broker Review

Orbex, the world-renowned forex brokerage company,  was founded in 2010 with the purpose of assisting the clients to get access to the latest innovative Forex tools and resources.

This prominent Forex broker operates using two different entities, namely Orbex Limited and Orbex Global Limited. Over the years, Orbex has managed to obtain multiple licenses from different major regulatory bodies. Orbex Limited is regulated by the Cyprus Securities and Exchange Commission (CySEC), whereas Orbex Global Limited is licensed and registered by the Mauritius Financial Services Commission (FSC). On top of that, due to its MiFID license, Orbex Global Limited is also able to operate under the jurisdiction of MiFID member countries’ regulatory bodies, including FCA of the UK and BaFin of Germany.

Forex trading at Orbex is offered in a wide variety of services, such as Orbex Classic Fixed Account for traders who prefer more predictable trading with fixed spreads, Orbex Standard Starter Account for novice traders, and VIP Ultimate Account for advanced professional traders. With a minimum deposit of 200 USD, traders can trade using fixed/variable spreads from 0 pip, floating leverage as high as 1:500 with low to no commission. Traders can use the most commonly used trading platform, MetaTrader 4, which can be accessed via internet browsers on computers as well as iOS and Android phones.

At Orbex, traders can use services such as monthly webinars and 1-on-1 training sessions, to support the improvement of their trading skills. Additionally, active professional traders who would like to review the market in real-time will be able to benefit from various online trading tools, including Orbex Web TV, Orbex Weekly FX Reports, as well as the economic calendar. On the other hand, new traders who are eager to sharpen their trading knowledge and skills will benefit from Orbex’s trading education services, such as free Forex e-books, free Forex video courses, trading tutorials, and educational Forex articles regarding Technical and Fundamental Analysis.

At Orbex, Deposits and withdrawals can be made through various methods, including debit/credit cards, e-wallets (Webmoney, Skrill, Neteller, Bitcoin), and traditional bank transfer. Moreover, if the traders encounter any difficulties, they will be able to communicate with Orbex via email, phone, multilingual live chat available 24/5 in 17 languages, as well as a callback request.
Website: www.Orbex.com
Regulations: CySEC, FSC, FCA
Country: Cyprus
Year founded: 2010
Malaysian Client Support: Yes
Local bank deposit in Malasyia: Yes
Orbex Rating: 4.5 / 5
Rating:
4.5 / 5

Orbex Malaysia Account Types

Orbex offers Forex trading services in 4 different trading accounts for traders with varying levels of trading, objectives, and strategies; these accounts are Orbex Classic Fixed Account, Orbex Standard Starter Account, Orbex Premium Account, and Orbex VIP Ultimate Account. These accounts are available in multiple base currencies, including USD, EUR, GBP, and PLN. Other currencies are also available, but traders are required to pay currency conversion fees.

Traders who just completed their demo trading had better go for Orbex Standard Starter Account. Only by depositing a minimum of 200 USD, new traders can use floating spreads as low as 1.5 pips with no commission and leverage as high as 1:500. Bear in mind that Orbex does not offer VPS services to its clients for this type of trading account.

Meanwhile, experienced traders might find Orbex Premium Account more stimulating. With floating spreads as low as 0 pip and leverage as high as 1:500, traders will be able to test out their trading competence only by making a minimum initial deposit of 5,000 USD. For this type of account, traders need to pay an $8 Commission per lot. Orbex Premium account comes with additional services including exclusive webinars and Live trading, premium trading signals, advanced trading education, and 1-on-1 training sessions. Both VPS and Expert Advisors services are available to traders who use the Orbex Premium Account. This account also allows traders to trade using all trading strategies.

At the same time, Orbex presents its VIP Ultimate Account to Professional traders who are ready to take their trading journey to a more challenging level. By making a minimum initial deposit of 25,000 USD, traders will be able to enjoy NDD real-time trading experience with floating spreads as low as 0 pip, maximum leverage of 1:500, with a $5 commission per each traded standard lot. The VIP Ultimate trading account also offers VPS and Expert Advisor services, as well as various services like exclusive webinars and live trading, ultimate trading signals, and 1-on-1 training sessions to enhance the skills and expertise of professional traders.

Orbex also offers a special Classic Fixed Account to clients who prefer trading in a more predictable environment. With a minimum deposit of only 500 USD, traders will be able to enjoy various trading benefits, including fixed spread with a minimum amount of 1.9 pips with no commission, leverage as high as 1:500, and real-time NDD execution. By choosing this account, traders will be able to benefit from the VPS service, even though they are not provided with an Expert Advisor service. The regular fixed spreads of the Classic Fixed Account are not suitable for scalpers and also not permitted in this particular trading account. Traders should know that during major economic releases and market opening times, for this account fixed spreads are converted into variable spreads (The spread increases) according to the best available market prices.
Classic Fixed
Minimum Deposit: $500
Leverage: 1:500
Minimum trade size: 0.01
Spread Type: Fixed from 1.9 pip
Commission: No
Account Currency: USD, EUR, GBP

Standard Starter
Minimum Deposit: $200
Leverage: 1:500
Minimum trade size: 0.01
Spread Type: Floating from 1.5 pip
Commission: No
Account Currency: USD, EUR, GBP, PLN

Premium
Minimum Deposit: $5000
Leverage: 1:500
Minimum trade size: 0.01
Spread Type: Floating from 0 pip
Commission: $8 \ lot
Account Currency: USD, EUR, GBP, PLN

VIP Ultimate
Minimum Deposit: $25000
Leverage: 1:500
Minimum trade size: 0.01
Spread Type: Floating from 0 pip
Commission: $5 \ lot
Account Currency: USD, EUR, GBP, PLN

Orbex also offers an Islamic swap-free Forex account to its Muslim clients so they can trade free from any swap or rollover interest charges from positions held overnight. This type of account will only be provided to Muslim clients who can provide sufficient proof of their religion. Nevertheless, Orbex will forcefully close a swap-free account that is used for the purpose of making profits by holding floating positions for an extended period of time.

Orbex Malaysia Deposit & Withdrawal

Deposit
Depositing and withdrawing funds at Orbex are available via multiple methods. Clients are exempt from any additional costs because all electronic payment charges will be fully paid by Orbex.

Traders will be able to deposit their funds into Orbex trading accounts using the following methods:

• Debit/Credit Cards
• Skrill
• WebMoney
• NETELLER
• FasaPay
• K-NET
• Klarna/Sofort

Funding via bank wire transfer is also available. However, the lead time will take from 3 to 5 business days.

Furthermore, clients will be able to withdraw funds from their Orbex trading accounts using the following methods, with up to 24 hours of average lead time process:

• Skrill
• WebMoney
• NETELLER
• FasaPay
• Klarna/Sofort

Whereas withdrawing funds via direct debit/credit cards and bank wire transfer will take from 3 to 5 business days of lead time process.

Although Orbex does not charge any deposit/withdrawal fees, traders are still liable for any fees required by the intermediary banks.

Orbex also charges a 20 USD/EUR/GBP/PLN inactivity fee (depending on base currency) for every trading account that is inactive or remains dormant without any trading activities for 6 months. If such a condition continues, the account will be automatically closed after 12 months of inactivity.
pengeluaran

Orbex Malaysia Spreads

spreads
Orbex offers two types of spreads to its clients: fixed spreads for Classic Fixed Account, and floating spreads for Standard Starter, Premium, and VIP Ultimate accounts.

The minimum fixed spreads offered for major currencies in the Classic Fixed Account is 1.9 pips. On the other hand, traders will be able to benefit from tight floating spreads starting from 1.5 pips in Standard Starter Account, and as low as 0 pip in Premium and VIP Ultimate accounts.

Nonetheless, all fixed spreads are converted and adjusted into variable spreads according to the best market price available when major economic events occur.

Orbex Malaysia Security & Safety of Funds

Jaminan
At Orbex, the safety and security of the traders’ accounts and money are highly valued. Orbex is licensed and regulated by multiple major regulatory bodies, such as the CySEC of Cyprus, FSC of Mauritius, as well as the company’s MiFID license that includes FCA of the UK and BaFin of Germany. Therefore, the company is obligated to follow specific rules and commit to its responsibilities.

Orbex guarantees the safety and security of its clients’ funds by keeping them in segregated bank accounts, completely separate from its own operational funds. In this way, Traders’ money will be kept safe at major financial institutions that receive liquidity from tier-1 banks.

As a regulated Forex broker, Orbex also needs to maintain a certain amount of minimum equity capital required by the international rules, as well as being periodically audited for its financial operations.

On top of that, Orbex is also a member of the Investor Compensation Fund (ICF), a Cyprus investors compensation Fund collaborated with Cyprus’ CySEC. The objective of ICF is providing the necessary compensation to the clients in case the members of ICF are unable to fulfill their obligations.

Being an official member of the ICF means that in the event of having unresolved issues such as Orbex’s inability to complete its mandatory obligations, each client will be compensated with an amount of up to 20,000 EUR.

Advantages of Trading with Orbex Malaysia

Licensed and regulated by multiple regulatory bodies such as CySEC and FSC
Real-time superior NDD (No dealing desk) market execution
Officially registered with the MiFID to operate within Europe (FCA and BaFin)
All trading strategies are allowed (hedging, scalping & copy trading)
Trading via MetaTrader 4 (Desktop & Mobile)
Fast and secure deposit and withdrawal methods
Fixed and floating spreads as low as 0 pip suitable for all trading objectives
Educational assistance and training, including exclusive 1-on-1 sessions
Maximum leverage of 1:500, Islamic Swap-free trading accounts
Professional and fast response customer support service in 17 languages
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