Forex, or Foreign Exchange Market, is a global market for buying and selling currencies. Forex trading takes place via electronic communications networks (ECN) and online trading platforms, where currencies are exchanged between different parties (banks, financial institutions, companies, individuals) around the clock from Monday to Friday.
How can Forex trading be important to you?
Forex trading can be an additional source of income alongside your primary work, and over time it may become a full-time job for some people. It also enhances your financial skills and understanding of global markets. Businesses can also use the Forex market to hedge against the risk of exchange rate fluctuations.
It is important to be aware of the risks associated with Forex trading, conduct the necessary research and develop an effective trading strategy with good capital management. Trading without sufficient understanding may result in significant losses.
The best Forex broker in the Middle East
Orbex is a trusted global brand, committed to providing a smooth, secure, and transparent trading experience. Also, it offers competitive trading conditions and direct access to top-tier liquidity. Orbex features professional customer service available around the clock, making it the perfect choice for new and professional traders alike.
Orbex operates under several licenses; Orbex Global LTD is an authorized investment firm licensed by the Mauritius Financial Services Commission (FSC). and Orbex LTD, a securities trading company licensed by the Seychelles Financial Services Authorities (FSA). In addition to receiving a set of prizes, which you can view here.
Types of Forex trading accounts on the Orbex platform
There are a variety of accounts to suit all levels of experience and the different needs of traders. Among these accounts, clients can enjoy competitive terms and competitive spreads. These accounts include:
Starter account trading
Minimum investment: 100
Price differences: variable
Commissions: 0
Leverage: up to 1:500
Webinars: monthly
Premium trading account
Minimum investment: 500
Price differences: variable
Commissions: 8
Leverage: up to 1:500
Webinars: Exclusive
Training sessions: One private training session
Minimum size: 0.01 lots
Features: Scalping, Automated Trading Software, Trading Central, VPS, 100% Margin Call, 20% Stop Out
Ultimate trading account
Minimum investment: 25,000
Price differences: variable
Commissions: 5
Leverage: up to 1:500
Webinars: Exclusive
Training sessions: 3 private training sessions
Minimum size: 0.01 lots
Advantages: Scalping, automated trading software, Trading Central, VPS, 100% margin call, 20% stop.
Islamic trading account
Compatible with the provisions of Islamic Sharia
Eliminate swap commissions.
All features and services of the intermediary company are available.
The possibility of leaving contracts open for long periods without fees.
There is no minimum balance.
Price difference (spread): Charged as a commission for services provided to traders.
Advantages of Forex trading with the Orbex platform
When you open a real trading account with Orbex, you get a different set of exclusive benefits:
Orbex exclusive indicators
It offers you thoughtful trading and tangible results:
Market Scanner indictor
Entry and exit points with up to 90% accuracy
Auto-Fibo indicator
An indicator that draws Elliott waves automatically
Orbex prepaid card
Enjoy easy money management with the Orbex Card, which offers exclusive benefits and seamless transfers.
Smooth and flexible transfers and withdrawals
Withdrawals from global ATMs
Orbex Card application
Online payments
Withdrawals from global ATMs
Low cost international transfers
Orbex Mobile Application
An ideal tool for traders who want to trade anytime, anywhere. The app is designed to provide easy access to the markets, with seamless and secure setup, easy withdrawals and deposits, and fast, live support. The app offers daily market overviews and fee-free conversions, as well as a flexible user interface that helps improve the trading experience.
Other advantages of trading via the Orbex platform
Forex calculator
Advanced data security techniques.
A trained team of experts who keeps up with market trends.
A well-known reputation and a strong global presence.
Trade CFDs on a wide range of currency pairs.
Diversify investment portfolios using metals, energy and stocks.
Spreads as low as 0.0 pips.
Negative balance protection and free VPS.
FIX API technology for smooth and secure execution.
Award-winning MetaTrader platforms.
Exclusive indicators and encrypted data protocols.
Instant funding and withdrawal via secure Orbex wallet.
Wide range of payment options.
Multilingual customer service 24 hours, 5 days a week.
Elliott wave analyses.
Comprehensive daily market analyses.
View analysis in global search outlets such as Refinitiv Eikon, Bloomberg and CNBC.