Who is Orbex?
Orbex is a fully regulated financial services provider, headquartered in Limassol, Cyprus. Our business was founded almost 10 years ago with a mission to serve traders both ethically & responsibly.
Your tagline is “serving traders responsibly.” What was the inspiration for that mantra?
As passionate professionals in the FX industry, we got tired of the flashy advertising shamelessly scattered all over the market, making baseless promises of wealth and profit. This caused a warped perception of the industry as a whole, and that didn’t sit well with us.
We wanted to change the way people looked at the forex market and create a community of responsible traders who know how to both respect the market and invest in it wisely.
We wanted to be the only company out there that didn’t promise you success but gave you everything you need to achieve it.
What are the advantages that traders experience when trading with Orbex?
Our traders can expect industry-standard top-tier trading conditions. Our spreads are as low as 0, our execution is seamless, our account types are well-crafted to suit a variety of trading styles, and of course, we are fully compliant with a clean regulatory record since 2011.
But, beyond that, our research team is unparalleled. Few brokers grant their clients free access to research and analysis of such a high caliber.
Our team consists of experienced analysts that curate and create technical, fundamental, and educational content on a daily basis. In fact, our research is so highly coveted that it is being featured on Refinitiv Eikon Financial Analysis Platform.
So, as an Orbex trader you don’t just get good spreads and low commissions. You get to expand your knowledge, develop as an investor, and engage with a thriving community of informed traders.
In your opinion, what are the most common pitfalls that traders tend to fall into? And how do you advise they avoid them?
Well, as you may have noticed, I think trading without research is the ultimate mistake. But when you combine ignorance with emotion, it’s a recipe for disaster.
The number one piece of advice I give to all traders is that they must work as diligently on their trading psychology and discipline as they do on their research.
Entering the market with the right mindset and a realistic set of achievable goals is the key to avoiding significant losses.
What are some of the online tools you have available?
Aside from our blog, which is where our daily content is published, we work with a number of helpful online tools to facilitate our traders’ experience.
Trading Central, for example, is an investment hub that offers support, trade ideas, strategy-building services, and risk-management tools, among others. Orbex traders gain access to this hub when they open a live account, in addition to all our other services.
We also have a Telegram channel, which is the preferred platform of communication among most traders. That way, we can get the latest market updates and trading opportunities to you in real-time, straight to your phone.
What trends do you see taking place right now that investors should take note of?
Well, it’s clearly a very different time for the markets right now. The oil markets turned negative, and the COVID-19 pandemic has already ‘killed’ off many trends. So, the question now is, will others follow, and will new trends emerge?
Undoubtedly, some of the existing trends will die, but others will resurrect. I would say the golden opportunity lies with big data.
Existing and emerging technologies require data management, governance, data storage, smart platforms, and Artificial Intelligence (AI). And all of these are all driven by consumer demand.
What would you say has been the standout milestone for Orbex in the past year?
Without a shadow of a doubt, it would have to be becoming regulated by FSC Mauritius via Orbex Global Limited, in addition to Orbex Limited’s CySEC license and FCA registration.
These licenses are badges of honor that prove to our clients that their safety and security is our number one priority.
Sure, there were other fantastic milestones, like receiving the “Best Forex Broker” award from two renowned financial magazines, but I think getting licensed by yet another respected regulatory authority definitely takes the cake.
What are your plans for Orbex moving forward?
I think we’ve made some incredible strides in the last year or so, and I’d like to see us continue on this path.
In our future, I see more regulatory authorities on board, an even higher standard of research and analysis provided for our clients, a few more trophies from respected institutions recognizing our efforts, and a bigger and stronger community of responsible Orbex traders.