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Orbex, a Cyprus-regulated contracts for difference (CFDs) broker, removed on Tuesday commission fees for all trading account types. The change applies for all clients, regardless of their geographical location.
As a result of the commission elimination, traders with Orbex will pay lower trading costs. Such costs consist of three components – commission, spread, and leverage. The broker offers both fixed and variable spreads and leverage of up to 500:1.
“This change signifies a new milestone in Orbex’s history and the biggest change in the company’s operations since 2014 when AFBFX rebranded to Orbex,” the broker said in a statement.
The changes are part of the launch of new accounts, which aim to provide more a flexible offering. Orbex has launched its first VIP accounts with expanded capabilities and unprecedented trading conditions. All accounts in the broker’s portfolio are swap free and provide free VPS hosting, as well as industry leading trading signals.
“This launch is in tune with our ambitious plans to become a broker of choice for traders worldwide. Our experts have developed simple, innovative ways for traders to enter financial markets,” Orbex COO Zaid Alkhatib said, referring to the new offering.
With the launch of new features, traders will have even more trading freedom and will be able to use any scalping strategy on all variable spreads accounts.
Orbex is an online broker of CFDs on currencies, commodities, futures and indices. It holds a license by the Cyprus Securities and Exchange Commission (CySEC) and is registered with the relevant authorities in a number of EU countries, including the UK, Germany, the Netherlands, Italy, Poland, France, etc.