Anybody have any experience with Orbex (broker)? | Forex Factory

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Anybody have any experience with Orbex (broker)?

  • #1
  • First Post: Jun 5, 2016 5:57am Jun 5, 2016 5:57am
Anybody have any experience with Orbex?

http://www.orbex.com
  • #2
  • Jun 5, 2016 8:37am Jun 5, 2016 8:37am
Is there a special reason to consider them?

10$ commission plus lousy spreads on top is not competetive at all.
  • #3
  • Edited 12:47pm Jun 5, 2016 11:36am | Edited 12:47pm
I trade with them since 6 months without problem, and one of the reason i still with them is my ib give me 6$ with 1lot round in his cashback program
  • #4
  • Jun 5, 2016 12:33pm Jun 5, 2016 12:33pm
Standard ECN: spreads from 0.6 + 10 usd commissions
But then some IB give back 8.6 usd rebates
So on an IB account they earn only from spread
If the execution is good can be a good way keeping the account at BE and earning huge rebates
But this broker is a Market Marker and so the plugin will be switched soon ( if it is not active by the beginning)
Then, when i see Cysec regulation my body start to shake and cannot stop it (only very few brokers Cysec regulated are decent)
  • #5
  • Jun 5, 2016 12:57pm Jun 5, 2016 12:57pm
Quoting corre71
But this broker is a Market Marker and so the plugin will be switched soon ( if it is not active by the beginning)
Hi corre71,

How do you know if the plug-in is switched on?
  • #6
  • Jun 6, 2016 4:07am Jun 6, 2016 4:07am
Quoting meyoik
{quote} Hi corre71, How do you know if the plug-in is switched on?
When u deal with a Market maker and u are able to double your account in few weeks, and then suddenly trading conditions, let say, "change" , we cannot assume that is an issue related to LPs, right? so simply they have switched on a funny plugin which will take care of ur trades
Of course not all MM do this: some are able to not lose on ur gains, some will close ur account, some will switch ON the plugin
  • #7
  • Last Post: Jun 6, 2016 2:17pm Jun 6, 2016 2:17pm
Quoting corre71
{quote} When u deal with a Market maker and u are able to double your account in few weeks, and then suddenly trading conditions, let say, "change" , we cannot assume that is an issue related to LPs, right? so simply they have switched on a funny plugin which will take care of ur trades Of course not all MM do this: some are able to not lose on ur gains, some will close ur account, some will switch ON the plugin
OK, but is there a technical way to figure out which plugins are loaded on your MT4?
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