At Orbex, they offer 5 different account types, which were designed to suit every trading style and strategy.
If you are looking for a stable spread that doesn’t change over time and doesn’t depend on market volatility, then, we recommend you to open a Classic account.
Fixed spreads make your trading more predictable as they allow you to estimate the trading costs more efficiently, and make the use of Expert Advisors and trading bots easier.
Traders, who are looking for a variable (floating) spread, can choose from 3 options: Standard, Premium, or VIP. These account types feature more narrow spreads, compared to fixed ones.
Variable spreads vary throughout the day and heavily depend on the market situation.
Traders usually prefer variable spreads accounts because they can receive the best market price at the time of trading and due to the possibility of choosing any scalping strategy they like.
However, you should keep in mind that variable spreads can widen significantly during volatility and important news releases.
In case you want to follow the winning strategies of experienced traders, and simply copy their trades; Orbex offers a Copy Trading account with variable spreads.
This account is the best way to get access to the knowledge and expertise of professional traders, avoid common forex trading mistakes, and gain confidence while getting real results.
See the comparison of the account types here.