Orbex at a glance
Orbex is an international forex and CFD broker operating through multiple entities, including Orbex Global Limited in Mauritius and Orbex Limited in Seychelles. The broker offers more than 400 tradable assets across Forex, Stocks, Metals, Indices, Commodities and Cryptocurrencies through MetaTrader 4, MetaTrader 5 and its proprietary mobile application. Current account options include Starter, Premium and Ultimate accounts, with minimum investments of $100, $500 and $25,000 respectively.
Orbex reports a founding year of 2011 and a head office in Cyprus / Mauritius. It lists 3 regulators and 3 trading platforms.
BrokerBazaar verdict
Orbex is an established forex and CFD broker with more than a decade of operating history, competitive trading conditions and support for MT4 and MT5. However, its current regulatory structure is spread across multiple jurisdictions, while its former CySEC licence is under examination for voluntary renunciation, so traders should carefully verify which legal entity will hold their account.
Legal entities, regulation and licences
Orbex operates through 6 legal entities, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by no regulator we could map to a public register.
Licence check: Not independently checked. This broker has submitted its details. BrokerBazaar has not yet independently checked them. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.
Countries accepted and restricted
Orbex states that it accepts clients from International, Excluding Restricted Jurisdictions. Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.
Known restrictions flagged in our review: * Not available in certain jurisdictions.
Trading products, platforms and account types
Instruments: Forex, Stocks, Metals, Indices, Commodities, Cryptocurrencies. Platforms: MetaTrader 4, MetaTrader 5, Orbex Trading App. Account types: Starter, Premium, Ultimate, Demo, Islamic, Corporate, PAMM.
Best-for tags assigned by our team: Forex Trading, CFD Trading, MT4 Trading, MT5 Trading, Scalping, Hedging, Algorithmic Trading, Low Spreads, VPS Trading, Trading Tools.
Minimum deposit, spreads, commissions and other charges
The minimum deposit is $100. Spreads start from 0.0 pips and commission is From $0. Maximum leverage is Up to 1:500, subject to the cap of the entity that holds your account.
Swap-free / Islamic account: available (conditional). Swap type: not specified. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.
Deposits and withdrawals
Deposit methods: Debit Card, Bank Transfer, Online Payment Methods. Withdrawal methods: Bank Transfer, Debit Card, Online Payment Methods.
Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.
Execution model, negative balance protection and client money
Negative balance protection: Yes. Scalping allowed: Yes. Algorithmic trading allowed: Yes. News trading allowed: Yes. Hedging: not specified. These conditions were compiled from public information and have not yet been confirmed by the broker.
Client-money rules follow the regulator of the entity that holds your account. Check that regulator's rules on its register.
Complaints and dispute process
Formal complaints: complaints@orbex.com. Phone: +44 20 3519 8140. Clients can submit complaints by email to complaints@orbex.com or by telephone. The current Orbex CFDs Client Agreement states that the company provides a unique complaint reference number and will try to resolve complaints within five business days. If additional investigation is required, a holding response is issued. The agreement also states that trading errors should be reported within 24 hours.
If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.
Strengths and limitations
- Strength: * Regulated by Mauritius FSC
- Strength: * Regulated by Seychelles FSA
- Strength: * Operating since 2011
- Strength: * MetaTrader 4 and MetaTrader 5
- Strength: * More than 400 tradable instruments
- Strength: * Spreads from 0.0 pips
- Strength: * Minimum deposit from $100
- Strength: * Leverage up to 1:500
- Strength: * No-dealing-desk (NDD) execution
- Strength: * Negative balance protection
- Strength: * Segregated client funds
- Strength: * Scalping permitted
- Strength: * Hedging permitted
- Strength: * Free VPS
- Strength: * Trading Central
- Strength: * PAMM accounts
- Strength: * Islamic accounts
- Strength: * 24/5 customer support
- Limitation: * No current UAE SCA licence verified
- Limitation: * CySEC licence 124/10 is under examination for voluntary renunciation
- Limitation: * Regulatory protection depends on the entity serving the client
- Limitation: * Offshore entities are used for international clients
- Limitation: * Leverage up to 1:500 carries significant risk
- Limitation: * Minimum deposit is higher than some competing brokers
- Limitation: * Public customer feedback is mixed
- Limitation: * Trustpilot review profile has limited representativeness
- Limitation: * Multiple legal entities can make jurisdiction and client protection difficult to determine
- Limitation: * Not available in certain jurisdictions
Who this broker suits, and who it does not
Orbex is most relevant to traders looking for: Forex Trading, CFD Trading, MT4 Trading, MT5 Trading, Scalping, Hedging, Algorithmic Trading, Low Spreads, VPS Trading, Trading Tools.
It is less suitable for anyone who needs a strict-tier regulator in their own country of residence, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.
Orbex change history
Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.
No fact changes recorded for Orbex yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.
Frequently asked questions about Orbex
Data sources. Broker submission, the regulator registers linked above, web-archive and domain records, and third-party traffic data. No independent licence check date is recorded yet. External ratings: Trustpilot 3.8/5; WikiFX 7.23/10; Google Play Store 4.8/5; App store 1/5.
Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We have no commercial relationship with Orbex. How we make money. Trading leveraged products carries a high risk of loss.