3.13 30 Reviews

Orbex Review Summary

Forex Broker Orbex is an existing Cyprus company with a long history of operation, a technical background and a full range of trading services for multi-asset trading, education and continuous growth. In addition, Orbex, which has a representative offices in MENA countries, Kuwait and Jordan, is giving its services outside the reach of trading services - Orbex is widening its horizons with an international initiative as the broker has set up an office in Mauritius with access to high leverage, and has also secured a local financial license from MFSC.

Orbex Review Highlights

Trading Platform: MT4
Cryptocurrencies N\A
Regulator CySEC, MFSC
Minimum Initial Deposit 200 US$
Leverage 1:30 | 1:500

Pros & Cons

  • Trading in CFDs
  • Regulated broker
  • Good free education and trading tools
  • Tools for social trading
  • Platform via MT4
  • Quick account opening and free demo account opening
  • No deposits and withdrawal options
  • Support is not accessible 24/7
  • Only CFD products
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What’s Orbex?

Forex Broker Orbex is a Cyprus company with a long history of operation, a technical background and a full range of trading services for multi-asset trading, education and continuous growth.

In addition, Orbex, which acts as a representative office in MENA countries, Kuwait and Jordan, is providing its services outside the reach of the extension of trading services. In addition, Orbex is widening its horizons with an international initiative as the broker has set up an office in Mauritius with access to high leverage, and has also secured a local financial license from MFSC.


Orbex, already well-established and active for a while, also participates in various exhibitions and has won several international awards along with a large number of active traders. It all reinforces its position and prestige in the market, which we can also see in more depth in our Orbex Analysis.

Is Orbex secure or is it a scam?

Due to its regulation and legal status, the broker is reputable and a trustworthy online trading service that applies all EU regulations and legislation in an officially controlled setting.

Is Orbex legit?

Orbex is a fully-licensed and regulated Cyprus Investment Company under the oversight of the CySEC and is also allowed to trade internationally across Europe and beyond. The above-mentioned Regulation is a transposition of the European MiFID Act, which operates under ESMA and which contributes to safeguarding the integrity of the financial system of the European Union and to enhancing the security of investors and the integrity of the financial market.

The additional entity operated by Orbex is situated in the beautiful Mauritius, which is not a reputable financial jurisdiction but an offshore location. In the event that the broker is based only in the offshore sector, we do not suggest trading with them because of a lack of regulations. Nevertheless, the European license of Orbex is considered to be a secure trading environment.

Funds protection

All clients’ assets are held in separate accounts and isolated from the company’s funds. In fact, Orbex is a member of the Investment Compensation Funds, which secures up to EUR 20,000 on all lawsuits against the participants of the Fund.


Leverage rates or the prospect of a broker offering you a q loan that can increase your trading size and theoretically increase your profits are also determined by regulatory restrictions in each jurisdiction.

  • Trading with the European Orbex entity would immediately come under the ESMA Regulations, which have recently allowed lower leverage rates of up to 1:30 for major currencies and 1:10 for commodities.
  • Trade with Orbex Global and it is possible to use high leverage rates of up to 1:500 for Forex instruments.

Professionals from any jurisdiction can still have access to high leverage until the status has been confirmed. But please be sure to learn how to use leverage smartly, because this method can also operate in reverse and significantly increase risks.


There are four trading accounts provided by Orbex to match the needs and style of each trader, while there is an option between variable or fixed spreads without commission charges.

Types of Accounts

As we have already stated, the international Orbex provides four account forms either with all costs built into a fixed or variable spread, while the other two are raw spread accounts from 0 pips with trading fees built into a transaction charge where the payment is only $5 for the Ultimate account. Again, make sure to check the terms and conditions of the account with the help of the client support, as different law exists in specific jurisdictions.

In addition, Orbex provides a different copy trading account with an automated copy trading program, FXStat Tradebook, which is a form of social trading that is so common nowadays, enabling a simple investment of only $10 per skilled strategy with the Commission.

There is also the possibility for Islamic traders to join the Orbex team via the SWAP-free account feature, upon request, enabling them to trade with no rollover fees.


Traders with various strategies find their way on Orbex as it provides both fixed and variable spreads from 0 pips and 0.8 pips for Standard accounts.

Our Discovery on CFD Fees

Orbex spreads are clearly specified by the type of account you use, while the fixed spreads in Classic account are slightly higher and start at 1.9 pips, but give consistency under any conditions and are perfect for beginners. Standard account spreads start from 1.5 pips and are run by floating or variable spread design, enabling you to perform scalping or other strategies.

The higher-grade account provides even smaller spreads from o pips, which is a raw interbank spread where all trading costs are included in the commission price. So long as the trading size and account increase, you will only be able to pay a reduced fee of $5.

Fee for Overnight

For general comprehension, refer to the table and extend it to common instruments. For example, see also a snap for a rollover or overnight fee considered to be a trading expense. You can also compare fees to another common broker, Amana Capital.

Trade Instruments

Orbex specializing in online CFD trading in currencies, commodities, futures and cash indices (OTCs) provided with deep liquidity from Tier-1 banks via reliable and fast execution. You can also exchange electricity and precious metals with NDD connectivity.

Deposit and Withdrawal Methods

Another important consideration when choosing a Forex broker is how to move money to or from your trading account. It is clear that licensed brokers obey best practices and are governed by their authority in terms of money management.

Tools for Deposit

Orbex provides one of the fastest handling of transactions via a range of payment methods, including:

  • Neteller
  • Credit/Debit card
  • Skrill
  • WebMoney
  • fasapay
  • Wire transfer

What’s the minimum deposit?

As for the total amount of the deposit, it depends on the type of account and on the terms of the company, because there are specific conditions for the deposit.

A deposit of $500 allows you to engage in CySEC Regulation and entity trading with a Standard Account option. Thus foreign traders will open an account with a lower deposit of at least $200.


What’s more, Orbex does not charge any transaction fees either for deposits or withdrawals where all account manipulations can be done through your online account management area.

How can I remove money from Orbex?

The transactions are handled via the application form of a trading account and, because there are no usual fees for transfers from Orbex, make sure that your payment provider has any internal fees.

Platforms for Trading

The MT4 is the most commonly used program in the industry due to its advanced chart functionality, multilingual support, security and reliability, as well as support for different trading types. That’s why Orbex is dedicated to this technology and applications.

Web Platform

The award-winning and user-friendly Orbex framework is based on MT4 software which includes Desktop, Multi-Terminal, Mobile, Web and iOS versions. The Web Platform would be a good choice for daily traders, as it is easy to access from any browser, but it is limited to analysis tools, configuration and a detailed drawing software.

Desktop Platform

And, of course, if you stick to professional trading, the mobile platform is your preference. Here you’ll find all that MT4 is popular and known for fantastic charts, various order forms, advanced analytical software and available robots that can do auto trading.

Also, Orbex Strategies as an algorithmic trading system offers a wide range of efficient robotic systems and does not require any programming skills to construct EAs. In accordance with this, you can subscribe to the Free VPS service that offers to host advantage of running EA 24/5 at improved execution speeds.

Mobile Platforms

The Mobile App is suitable for Android or iOS apps included in the kit as well. And you can keep up-to-date on market trends, monitor your account and place positions right from your mobile device.

Types of Order

In addition, Orbex went even further and added to the Platform add-ins that would provide convenient trading opportunities through the Trading Central and Orbex Trade Lab a sharing mechanism that would allow following trading ideas or posts to be kept within the Orbex group. The app is open to Demo and Live account holders and integrates copying features with online trading.

And last but not least, the FXStat TradeBook Network is a social trading platform that offers trading signals and an automated copying of trades by hundreds of skilled traders directly incorporated into the Orbex System.

Customer Support Services

Then of course, the Orbex team is committed to helping their clients in their success as a broker, while delivering customer service around the clock during working days. The Orbex service is available via email, live chat, international telephone lines and can be contacted in different languages via its service centers.


Recent forex reports, together with detailed analytical articles and reviews, and with preparation for different level traders, are essential to success. So at Orbex you cover it all, but you will also benefit from professional technological and fundamental research along with the in-house Orbex Web TV, which covers the most current developments and topics.

Analysis support and information allow traders to concentrate on their goals offered on a free basis as part of research materials. Included also are Economic Calendars, Calculators and Weekly Reports.


The Orbex Analysis concludes a trustworthy business with good positions between the EU and MENA online trading offerings, and it even has foreign scope.

Company regulation provides scurity to traders, while a wide variety of account styles, very robust platform functionality and various free tools offer a better trading climate. In addition, there is a option between versatile or floating spreads, OTC or ECN connections, as well as the techniques to choose from.

Beginning traders may benefit from free educational resources, while professionals are assisted by dedicated specialized services. Ultimately, the Orbex Broker gives its clients and affiliates a premium service to the market.

Official Orbex Review Registration

Founded: 2010
Broker Type: N/A
Languages Supported: EN
Trading Instruments: CFDs on Commodities, Forex, Metals, Cash Indices,
Account Types: All costs built into a spread that's either fixed
Expert Advisors: N\A
Social Trading: Yes
Hedging: Yes
Scalping: Yes
Commission: Varies
Inactivity Fee: Yes, Minimum
Swap-Free Account: Yes
Mobile Apps: Yes
Demo Account: Yes
Prohibited Countries: N/A
Trading Fees: Yes, variable
Withdrawal Fees: N/A
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If you are the owner of this platform you can manage this account. First you need to claim the ownership of the platform.


Orbex Reviews

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