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Orbex Rating

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ORBEX RATING -Powered by the Rating Formula V4.0.

The following Rating of Orbex is based on the Forex Brokers Formula v.4.0.

Orbex Rating Summary

The sum of each Main Factor of Orbex Rating Analysis (1, 2, 3, 4)

RATING SUMMARY
MAX ACHIEVED (%)
1. Safety of Funds 26.00% 22.37% 86.04%
2. Orbex Cost of Transaction 28.00% 23.00% 82.14%
3. Orbex Trading-Options 26.00% 16.00% 61.54%
4. Orbex Technological Efficiency 20.00% 15.50% 77.50%
Overall Rating 100.00% 76.87%

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Orbex Rating Analysis

Analysis of each Sub-Factor forming Orbex total rating result.

RATING ANALYSIS ORBEX
TOTAL RATING 100.0% Orbex Broker
Weight Analysis Factor Analysis 76.87% ANALYSIS
1. SAFETY OF FUNDS at ORBEX 26.00% RATING WEIGHT 22.37% Orbex Credibility Analysis
1.1 Orbex Level of Regulation 12.00% FSC (BVI) = 1.0%, | CYSEC = 3.0%, | FFMS = 3.0%, | RAFMM = 3.0%, | CBI = 4.0%, | ASIC = 4.0%, | FSC (NZ) = 4.0%, | FSA (UK) = 6.0%, | BAFIN = 6.0%, | NFA = 6.0%, | CFTC = 6.0%, | FINMA = 8.0% | and MiFID = +4.0% 12.00% Orbex is regulated by FCA (UK) = 6%, CySEC = 3%, MiFID = 4%, Total = (max) 12.0%
1.2 Orbex Headquarters Base 5.00% General Offshore = 0%, Cyprus , Latvia = 2.0%, Ireland, Spain, Italy, Belgium, Israel = 3.0%, Canada, Australia, New Zeeland = 4.0%, USA, UK, Germany, Scandinavian, France, Switzerland = 5.0% 2.00% Orbex maintains headquarters in Cyprus = 2.0%
1.3 Orbex Years in the Market 5.00% 0-1 Years = 0 %, 2-5 Years = 2.0 %, 5-10 Years = 4.0 %, 10+ Years = 5.0 % 5.00% Orbex was found in 2010 (5+ years) = 5.0%
1.4 Orbex Segregated / Bank Accounts 2.00% Yes = 2.0 %, No = 0.0 % 2.00% Yes, Orbex provides Segregated Bank Accounts to all clients = 2.0%
1.5 Orbex Web Ratings (Usage for differentiating results) 2.00% ForexPeaceArmy Rating = 1.0 %, | EarnForex Rating = 1.0 % 1.37% Orbex FX FPA=3.429 / 5.00 & Earn Forex= Unrated, Total= 6.858 / 10.0 = Rating 1.3716%
1.6 (+) ADJUSTMENTS
1.6.1 Size Factor 1.00% More than 1 Million Active Traders = +1.0 % 0.00% Criteria not met = 0% Rating
2. TRADING COST at ORBEX 28.00% RATING WEIGHT 23.00% Orbex Competition Analysis
2.1 Orbex Typical Spread on EURUSD 8.00% < 0.3 pip = 8.0%, | <0.4 pip = 7.5%, | < 0.5 pip = 7.0%, | <0.6 pip = 6.5% | <0.7 pip = 6.0%, | <0.8 pip = 5.5%, | <1.0 pip = 5.0%, | < 1.25 pip = 4.5, | < 1.5 pip = 4.0%, | <1.75 pip = 3.5%, | >2 pip = 3.0%, | < 2.5 pip = 2.0%, | < 2.5 pip = 1.0%, | < 3 pip = 0.5% 4.00% Typical EURUSD spread is 1.5 pip = 4.0%
2.2 Orbex Typical Spread on GBPUSD 5.00% < 1.0 pip = 5.0%, | <1.25 pip = 4.0%, | < 1.5 pip = 3.0%, | < 1.75 pip = 2.5%, | < 2 pip = 2.0%, | < 2.25 pip = 1.5%, | < 2.5 pip = 1.0% | < 3 pip = 0.5% 3.00% Typical GBPUSD spread is 1.5 pips = 3.0%
2.3 Orbex Typical Spread on USDJPY 4.00% < 1.0 pip = 4.0%, | <1.25 pip = 3.5%, | < 1.5 pip = 3.0%, | <1.75 pip = 2.5%, | < 2 pip = 2.0%, | < 2.5 pip = 1.0%, | < 3 pip = 0.5% 3.00% Typical USDJPY spread is 1.5 pips = 3.0%
2.4 Orbex Trading Commissions 7.00% No Commissions = 7% | Commissions < $5 / lot = 3% | Commissions < $8 / lot = 1% | Higher Commissions = 0% 7.00% No commissions charged (tested account types) = 7.0%
2.5 Orbex Deposit / Withdrawal Commissions 2.00% No = 2.0 %, | Yes = 0 %, | 1-Free / Month = 0.5 % 2.00% No withdrawal commissions charged by Orbex = 2.0%
2.6 Orbex Maintenance and Inactive Fees 2.00% No = 2.0 %, | Yes = 0 % 2.00% No Inactive Fees or similar Commissions charged by Orbex = 2.0%
2.7 (+) ADJUSTMENTS
2.7.1 Orbex Execution 2.00% ECN = +2.0 % / STP = +1.5 % | Market Makers = +0.0% 2.00% ECN Order Execution by Orbex= +2%
3. TRADING OPTIONS at ORBEX 26.00% RATING WEIGHT 16.00% Orbex Trading Analysis
3.1 Orbex Forex Asset Index 8.00% 45+ Currency Pairs = 8.0%, | 40+ Currency Pairs = 7.0%, | 35+ Currency Pairs = 6.0%, | 30+ Currency Pairs = 5.0%, | 25+ Currency Pairs = 4.0%, | 20+ Currency Pairs = 3.0%, | 15+ Currency Pairs = 2.0%, | 10+ Currency Pairs = 1.0%, | Less than 10 pairs = 0% 4.00% Orbex offers 29 Forex Currencies = 4.0%
3.2 Orbex CFD and Spot Trading 2.00% CFD Trading = 2.0 % | Only Spot = 1.0 % | Nothing = 0% 2.00% Orbex offers CFD contractss = 2.0%
3.3 Orbex Demo / Practice Account 2.00% Yes = 2.0 %, No = 0.0 % 2.00% Demo account is available at Orbex = 2.0%
3.4 Leverage at Orbex 2.00% >100:1 = 2.0%, | > 75:1 =1.5%, >50:1 = 1.0% 2.00% 500:1 max Trading Leverage at Orbex = 2.0%
3.5 Orbex Bonus & Rebate 6.00% 0.00%
3.5.1 Orbex Bonus (%) Bonus (Higher or Equal): >50% = 6%, | >40% = 5%, | >30% = 4%, | >20% = 3%, | >15% = 2%, | >10% = 1% 0.00% No Welcome Bonus Policy by Orbex = 0%
3.5.2 Orbex Rebate (%) Rebate (Higher or Equal): >30% = 6%, | >25% = 5%, | >20% = 4%, | >15% = 3%, | >10% = 2%, | >5% = 1.0%
3.6 Orbex Minimum Deposit 1.00% Min Deposit < $500 = +1%, | Min Deposit < $1,000 = +0.5% 1.00% Minimum Deposit is $500 = 1.0%
3.7 Orbex Fund / Deposit Methods 2.50% For each deposit method available = 0,5%, max = 5 methods 2.50% 5+ deposit methods by Orbex = 2.5%
3.8 Orbex Fund / Withdrawal Methods 2.50% For each withdrawal method available = 0,5%, max = 5 methods 2.50% 5+ deposit methods by Orbex = 2.5%
3.9 (+) ADJUSTMENTS
3.9.1 Offering 100+ Currency Pairs 1.00% Yes = 1.0 % / No = 0 % 0.00% Condition not met = +0%
3.9.2 Interest on Funds 0.50% Yes = 0.50 %, No = 0.0 % 0.00% Condition not met = +0%
3.9.3 Orbex Competitions / Championships 0.25% Yes = 0.25 % / No = 0 % 0.00% No Trading Competitions (Real / Demo) = +0.00%
4. ORBEX TECHNOLOGICAL EFFICIENCY 20.00% RATING WEIGHT 15.50% Orbex Technological Analysis
4.1 Orbex Available Platforms 5.00% Each Supported Platform = 1.0%, max = 5 platforms 2.00% Orbex offers MT4 for PC and MAC and MT4 multi-terminal = 2.0%
4.2 Orbex Slippage 4.00% Slippage < 0.5 pip = 4.0% | Slippage < 0.75 pip = 3.5% | Slippage < 1 pip = 3.0% | Slippage < 1.25 pip = 2.5% | Slippage < 1.5 pip = 2.0% | Slippage < 1.75 pip = 1.5% | Slippage < 2.0 pip = 1.0% 2.50% Below 1.25 pips = 2.5%
4.3 Orbex Automated Trading 2.00% Yes = 2.0 % / No = 0 % 2.00% Yes, Orbex allows Expert Advisors and provides also a Free VPS hosting = 2.0%
4.4 Orbex MT4 / MT5 Availability 2.00% Yes = 2.0 % / No = 0 % 2.00% MT4 platform is available at Orbex = 2.0%
4.5 Orbex Mobile Trading 2.00% Each Supported Device = 0.50 % (iPhone, iPad, Android, Windows Mobile, Blackberry), max = 4 devices 2.00% MT4 App for iPhone, iPad, Windows and Android = 2.0%
4.6 Orbex Scalping / Hedging Policy 1.00% Yes both = 1.0 % | Yes only Hedging or Scalping = 0.5% | No = 0 % 1.00% Yes to both (scalping allowed only on ECN accounts) = 1.0%
4.7 Orbex Customer Service 4.00% 24/7 = 1.0 %, | 24/6 = 0.5 %, | 24/5 = 0 %, | email = 1.0%, | Phone = 1.0 %. | Live Chat = 1.0 %, | Skype = 0.5 %, | Call-Back = 0.5 % 4.00% 24/5 Customer service = 0%, eMail, Phone, Live Chat, CallBack = 4.0%
4.8 (+) ADJUSTMENTS
4.8.1 Orbex PAMM / Managed Accounts 0.50% PAMM = 0.5 % / Simple Managed = 0.25%, No = 0 % 0.00% PAMM and MAM are not provided at the moment. Traders can use the MT4 multi terminal instead = +0.0%
4.8.2 Orbex API Trading 0.50% Yes = 0.5 % / No = 0 % 0.00% API trading is not available by Orbex = 0.0%

 

Orbex Special Metrics

These are the special metrics for Orbex according to the three categories of trading experience. The rating results are based on different weights of the same formula.

SPECIAL METRICS
Based on Separated Sub-Formulas RATING (100%)
Orbex Overall Rating 76.87%
Forex Beginners 78.75%
Advanced Traders 75.67%
Pro Traders 74.60%

 

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■ Orbex Rating Review

FxPros.net (2015)

 

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