Orbex advantages
Hedging, Scalping, EAs and all trading styles allowed and welcomed

5.3. In relation to any Transaction the Company may act either as a principal on an own account basis (whereby it will be the execution venue) or as an agent (whereby some other third party will be the execution venue).

The Company’s price for a given CFD is calculated by reference to the price of the relevant underlying asset, which the Company obtains from third party external reference sources. For the ECN model, prices are obtained directly from well-known brokers and banks through an electronic execution system. The Company’s execution system will automatically aggregate all available liquidity and will provide to Clients the best possible prices available.

VI. EXECUTION VENUES
Execution Venues are the entities with which the orders are placed and executed. For the purposes of orders for the financial instrument of CFDs, depending on the Clients account type, for ECN accounts the Company will act as an agent (therefore some third financial institution(s) will be the Execution Venue, currently via DIVISA CAPITAL, ISPRIME and GBE BROKERS). A list of these financial institution(s) will be on the Company’s website. The list may be changed at the Company’s discretion by giving at least one business day prior notice to clients.

Under Standard Accounts (NON ECN), the Company always act as the dealer and is the sole counterparty to any Clients orders places. And therefore shall be considered as the Execution Venue for client’s orders.

Under ECN accounts, prices are obtained directly from reputable brokers and banks through an electronic execution system. The Company’s execution system will automatically aggregate all available liquidity and will provide to Clients the best possible prices available. Under this model, a third-party liquidity provider(s) or the Company may act as the Execution Venue for the execution of Client orders. The Company reserves the right to change its Execution Venues at its own discretion.