Orbex Review

  • Leverage: 1:500

  • Regulation: MFSC

  • Min. Deposit: US$100

  • HQ: Cyprus

  • Platforms: MT4

  • Found in: 2010

Orbex Licenses

  • Orbex Global Limited - authorized by MFSC (Mauritius) view license
  • Orbex Limited - authorized by FSA (Seychelles) registration no. SD110
  1. What is Orbex?
  2. Orbex Pros and Cons
  3. Awards
  4. Is Orbex safe or a scam?
  5. Leverage
  6. Accounts
  7. Fees
  8. Spreads
  9. Market Instruments
  10. Deposits and Withdrawals
  11. Trading Platform
  12. Customer Support
  13. Education
  14. Conclusion

Our Review Method

  • 55Brokers Financial Experts with over 10 years experience in forex market check trading offerings including spreads, fees, available platforms, asset proposals, verified licenses, contacted customer service and placed trades to see trading conditions and give expert opinion about Orbex

What is Orbex?

Orbex is an established Forex and CFDs trading company operating since 2011. The broker is a Cyprus-based company with multiple international offices. Since its inception, Orbex stands out with a successful history of operation offering competitive trade conditions backed up by a sophisticated technological background, and a full range of trading services of multi-asset trading and educational resources.

In addition, Orbex serves representative offices in the MENA regions, in Kuwait and Jordan, making its offering even beyond with an expansion to trading services. Also, Orbex expands its horizons with an international proposal as the broker opened an entity in Mauritius with access to high leverage and received a local financial license from MFSC.

Orbex Pros and Cons

Based on our expert research, Orbex is a reputable CFD broker providing excellent trading conditions with sophisticated tools. We also marked among the broker’s offerings a great choice of MT4 leading-edge trading platform with the fast online account opening and free demo account. Among other benefits, the broker provides relatively low spreads with no commissions charged for deposit/withdrawal processes.

For the negative aspects, the broker no longer holds CySEC regulation and has a limited asset portfolio with only Forex and CFD instruments among the offerings. Another disadvantage is that its customer support is available only on working days.

CFDs trading Support not available 24/7
Regulated BrokerOnly CFD products
Great trading tools and education free of charge
Social trading options
MT4 platform
Fast account opening and free Demo account
No commission deposits and withdrawal options

Orbex Review Webpage

Orbex Summary Review in 10 Point
🏢 HeadquartersCyprus
🗺️ RegulationMFSC
🖥 PlatformsMT4
📉 InstrumentsFutures, Metals, Commodities, Spots, Stocks, Oil, Bitcoins, CFDs, Shares, Energy Commodities, Indices, Forex
🎮 Demo AccountAvailable
💳 Minimum deposit$100
💰 EUR/USD Spread from 0.0 pips
💰 Base currenciesUSD, EUR
📚 EducationFree education with webinars, Orbex TV and videos
☎ Customer Support24/5

Overall Orbex Ranking

Overall, we find Orbex a reliable broker with a good reputation offering a decent range of trading assets with a user-friendly trading environment available on an international scale. Broker offering is available internationally, also it spread its offering across the MENA region serving offices in Jordan and Kuwait. The broker offers competitively low spreads leveraged trading with low minimum deposit requirements.

  • Orbex Overall Ranking is 8 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.
RankingOrbexInteractive BrokersPepperstone
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
AdvantageMT4Real StockRegulation

Orbex Alternative Brokers

Though having excellent trading conditions with a good range of trading instruments available for international trading, we still found some disadvantages that might drive traders away. Among them is the lack of top-tier regulation, also for now EU clients cant sign with the broker. Also, the market range is limited to FX and CFDs. Here are some of the alternative brokers:


Our experts learned that since its inception, Orbex participated in various exhibitions and received numerous international awards along with a big client base. The broker constantly receives good reviews from established partners. That all in all confirms its status and reputable position in the industry, which we will also see in detail further within our Orbex Review. Here are some of the most noted awards Orbex has received:

  • Orbex Receives Best FX Educational Broker MENA 2022 Award

  • Orbex Receives Best FX Research & Education Provider 2022 Award

  • Orbex wins Best Trading Execution 2021

Orbex Review Awards

Is Orbex safe or scam?

No, Orbex is not a scam, it is a reliable broker with a good reputation that previously operated under CySEC and ESMA regulations.

Is Orbex legit?

Orbex is a fully licensed and regulated Investment Firm. Previously it operated under CySEC and ESMA regulations.

  • The mentioned regulation is a transposition of MiFID European Law which operates under ESMA that contributes to safeguarding the stability of the European Union’s financial system and enhancing the protection of investors and financial market stability.
  • For now, only FSC remains active, so we advise European clients double check in terms of availability and regulatory status in case interested.

FSC Mauritius is considered an offshore zone. Despite this fact, FSC has recently updated its policy and requires higher capitalization and standards for brokerage businesses.

See our conclusion on Orbex Reliability:

  • Our Ranked Orbex Trust Score is 7 out 0f 10 for good reputation and service over the years. The point here is that International trading available via the offshore entity only. So all in all, together with the years Orbex operates and good reputation it makes things much better, thus the broker can be trusted.
Orbex Strong PointsOrbex Weak Points
Cyprus-based company Offshore regulation
Global coverage
Representative offices in Kuwait and Jordan
Good operation and long years of operation

Orbex Review License


Leverage is the possibility of loaning that may increase the trading size and potentially magnify profits. It is always defined by the regulatory restrictions in each jurisdiction. We found that Orbex offers pretty good conditions for high leverage trading for all its clients through its MFSC entity.

  • Orbex gives traders the opportunity to trade with up to 1:500 leverage and place bigger positions with relatively little capital.

Professionals may access high leverage once the status is confirmed. We highly recommend you always make sure to learn how to use leverage smartly, as this tool may work in reverse and drastically increase the risks.

Orbex Account Types

Based on our findings, Orbex offers four account types either with all costs built into a spread or fixed and variable, and another two are raw spread accounts from 0 pips with trading fees built into a commission charge where a commission is only 5$ for an Ultimate account. Yet, again be sure to verify account conditions with customer support as regulations in particular jurisdictions apply.

  • Additionally, Orbex has a specific account for copy trading through the automated copy-trading system FXStat Tradebook which is a sort of social trading so popular nowadays, allowing simple investment just by following of professional strategy with a commission of 10$ only.
  • Also, there is a possibility for Islamic traders to join the Orbex team through the SWAP-free account feature upon request allowing them to trade with no rollover fees.
Fast digital account opening None
Option between trading fee models
Demo Account offered
Fixed spread or variable spread, or raw spread accounts
Swap-free accounts

Starter Trading Account

Orbex’s Starter Trading Account features $0 commissions on forex trading with variable spreads (EUR/USD average spread from 1.5), flexible trade sizes from 0.01 lots, and up to 1:500 leverage. The minimum deposit required is $100 with access to exclusive education and tools.

Premium Trading Account

Orbex’s Premium Trading Account features raw forex spreads from 0.0 pips at $8 commission per lot, flexible trade sizes from 0.01 lots, and up to 1:500 leverage. The minimum deposit is $500, also this account type gives access to some exclusive educational materials and tools.

Ultimate Trading Account

Orbex’s Ultimate Trading Account features raw forex spreads from 0.0 pips at $5 commission per lot, flexible trade sizes from 0.01 lots, and up to 1:500 leverage with a minimum deposit of $25,000. There’s also access to advanced tools and educational materials.

Does Orbex offer a demo account?

Yes, Orbex offers a Demo Account that enables traders to gain access to Orbex’s full Educational Library and practice trading online 100% free. The broker provides up to $5,000,000 in virtual funds to test trading skills on any Orbex MT4 platform.

Orbex account types

Trading Instruments

Based on our finds, Orbex offers CFD online trading with more than 300 forex pairs, stocks, indices, energies, metals, futures, and cryptocurrencies that are provided with deep liquidity from tier-1 banks through reliable and fast execution. Also, you can trade energies and precious metals with NDD connectivity.

  • Orbex Markets Range Score is 7.8 out 0f 10 for good trading instrument selection, the main issue here is that these  products are solely based on FX and CFD

Orbex Review Market Overview

Orbex Fees

Based on our tests, Orbex fees are definted by the account type you will use, while Starter account is based on spreads, other two are mainly based on commissions. Commissions also vary based on the account type and by the asset class you choose to trade.

  • We rank Orbex Fees overall at 7.7 out of 10 based on our tests and compared to other 500 brokers. Broker’s fees are either spread or commission-based and vary depending on the account type or asset class. To consider full fees conditions we advise also to check funding fees and other applicable fees, while all in all Orbex fees are on quite favorable level.
FeesOrbex FeesAvaTrade FeeseToro Fees
Deposit FeeNoNoNo
Withdrawal FeeNoNoNo
Inactivity FeeYesYesYes
Fee rankingLowAverageHigh

Our finds on Orbex Commission

See Below our finds on the commission for each asset for Commission based accounts, which are two accounts Premium and Ultimate:

  • Forex : $0 commission on variable spreads, $8 per lot commission on raw spreads from 0.0 with Premium Account, $5 per lot commission on raw spreads from 0.0 with Ultimate Account
  • Commodities: $0
    Cryptocurrencies: 0.5% Standard Commission
    Stocks, Indices, Futures: 0.16% Standard Commission


Our testing showed that the spreads are defined by the account type, while fixed spreads (see the best fixed spread brokers) in the Classic account are slightly higher and start from 1.9pips, the Standard Account spreads start from 1.5 pips and operates through floating or variable with the possibility of applying scalping or other strategies.

Another higher-grade account offers even lower spreads from o pips respectively, which is a raw interbank spread where all trading costs are built into a commission charge. As long as the trading size and account increase you will be able to access a discounted commission of 5$ only.

  • We rank Orbex Spreads with a rating of 7.6 out of 10 based on our tests in comparison to other 500 brokers. The broker offers low spreads for standard account type for almost all asset classes. Yet, the spreads for other account types are higher, however, giving access to a variety of different strategies
Asset/ PairOrbex SpreadAvaTrade SpreadeToro Spread
EUR USD Spread0.8 pips1.3 pips3 pips
Crude Oil WTI 4 pips3 pips5 pips
Gold Spread2.54045

Overnight fee

For general understanding refer to the table and spread on popular instruments. For rollover or overnight fees considered as a trading cost, for example, also see snap below. As well you may compare fees to another popular broker BDSwiss.

Trading fees snapshot

Orbex swap

Deposit and Withdrawal Methods

Another crucial factor while selecting a Forex broker is to see how to transfer money to or from your trading account. Obviously, regulated brokers adhere to best practices and are regulated by their authority in terms of money management. We saw that Orbex offers a variety of ways for funding which is a great plus per se.

  • We rank Orbex funding methods with an overall rating of 7.8 out of 10 based on our test. There’s no commission for funding methods, also the minimum deposit for the Standard account type is low

Here are some good and negative points for Orbex funding methods found:

Orbex AdvantagesOrbex Disadvantages
No deposit fees Limited deposit and withdrawal option for European clients
Withdrawals free of chargeMinimum deposit vary according to the entity
Wide range of payment methods supported by an international entity

Deposit Options

Orbex offers one of the fastest transaction processing through a variety of payment methods including

  • Neteller,
  • Credit/ Debit cards,
  • Skrill,
  • WebMoney,
  • fasapay
  • Wire Transfer

What is minimum deposit for Orbex account?

The minimum deposit for Orbex depends on the account type you choose to trade. For the starter account type, it is $100, for Premium $500, and for the Ultimate, it’s $25,000. Also, note that the conditions and strategies vary depending on the account type, too.

            Orbex minimum deposit vs other brokers

Orbex Most Other Brokers
Minimum Deposit $100 $500


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 and withdrawal options including Bank wire and Cards.

How to withdraw money from Orbex?

The withdrawals are processed via trading account form submit, and since there are no typical fees for transfers from Orbex, make sure with your payment provider in case there are any internal fees charged on you.

What trading platforms does Orbex offer?

Our experts found out that the broker offers a leading-edge trading platform – MT4 for clients. The MT4 is indeed very known and most used software in the industry because of its advanced chart feature, multilingual support, security, and reliability along with the support of various trading styles. That is why Orbex mainstays on this technology and software.

  • Orbex Platform is ranked with an overall rating of 8.2 out of 10 compared to over 500 other brokers. We mark it as excellent being one of the best proposals we saw in the industry, and a great range including MT4

Trading Platform Comparison to Other Brokers:

PlatformsOrbex PlatformsXM PlatformsPepperstone Platforms
Own PlatformNoYesYes
Mobile AppYesYesYes

Web Platform

An award-winning and user-friendly Orbex platform is built on MT4 software and provides Desktop, Multi-Terminal, Mobile, Web, and iOS versions. Web Platform will be a good choice for regular-size traders, as it is easy to access from any device, yet is limited with research tools, customization, and comprehensive drawing tools.

Desktop Platform

So if you adhere to professional trading, of course, the desktop platform is your choice. Here you will find all that MT4 is famous and good for, great charts, various order types, advanced analytic tools, and available robots that can perform auto trading.

Also, Orbex Strategies is an algorithmic trading system bringing vast powerful robotic systems and does not require any programming skills to build EAs. Together with that, you may submit for a Free VPS service that offers to host advantage to run EA 24/5 on increased execution speeds.

Mobile platform

Mobile app suitable for Android or iOS devices is offered in the package as well. So you are able to stay updated about market conditions and manage your account and positions right from your mobile device.

Orbex platform

Order Types

Moreover, Orbex went even more and added to the Platform add-ins that bring convenient trading opportunities through Trading Central and Orbex Trade Lab a sharing system that allows following trading ideas or posts own among the joined community in Orbex. The platform is available for Demo and Live account holders and combines copying capabilities within online trading.

And last but not least is the FXStat TradeBook platform is a social trading capability that provides trading signals and the automatic copy of the trades from hundreds of professional traders, which is directly integrated into Orbex platform.

Orbex Customer Support

And of course, another positive side is Orbex team strives to support their customers in their success as a trader providing around-the-clock customer service during working days. Orbex service is omnichannel and available via emails, live chat, and international phone lines and ready to answer in various languages through its service centers. It also has Help Center section with the most popular question.

  • Orbex Customer Support is ranked 9 out of 10 based on our test. The broker provides omnichannel support giving clear and relevant responses, yet the main issue here is that it is not available on weekends
Quality customer support with live chatSupport not available 24/7
Fast response
Multilingual support also covering MENA region

Orbex Review Support


Another broker’s great aspect is its rich educational sector available for all users for free. Orbex clients have access to such resources as live webinars, e-books, and e-courses, designed to help them make better-informed decisions.

Analysis support and information that allows a trader to focus on their goals are provided on a free basis as a part of research materials. Where also Economic Calendars, Calculators, and Weekly reports are included.

  • Orbex Education ranked 9 out of 10 for a great selection of multiformat trading-related educational resources based on our expert findings

Orbex Review Education

Orbex Review Conclusion

Our Orbex Review concludes a reliable company with strong positions Internationally and MENA region online trading offerings, also with international coverage. For the positive point, there is a range of account types, very comprehensive platform features, and numerous free tools allowing a better trading environment.

In addition, there is a choice between the flexible or floating spreads, OTC or ECN connection, as well as strategies to choose from. The beginning traders can benefit from free educational tools, while the professionals are supported by dedicated tailored services. While the only gap for now is operations solely via International entities so some protection might be not available, also some countries like from EU might not be able to open account.

Based on Our findings and Financial Expert Opinion Orbex is Good for:

  • Beginning Traders
  • Professional Traders
  • Algorithmic or API Traders
  • EAs running
  • Copy Trading
  • Scalping / Hedging Strategies
  • Traders who prefer the MT4 platform
  • Currency Trading and CFD Trading
  • Suitable for a Variety of Trading Strategies
  • High Leverage Trading
Ahmad From Germany | | Sunday, February 11, 2024

Spread Is Very High ,30 Dollar for 1 lot ,,they not writing anything about spread and you understand it After you lose very money in spread

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4 responses to “Orbex”

  1. First of all I would like to highlight that although I’m an EU citizen my trading account was opened in Mauritius. I traded with the company for more than a month and the things were going alright and managed to make some around E2000, but than it started to loose money so I decided to open a sub account in case the spreads were changed.
    but when I sent a withdrawal request for some of the funds I received an email that after an internal investigation suggested that the strategy used is not allowed so all the profits and loses were cancelled. So I woke up to O balance in my account, bare in mind that initial deposit was E500.
    all I used was an Expert Advisor and their term and conditions specified that EAs, hedging and scalping are allowed.
    before you sign up with them think if it’s worth to take the risk!! if you manage to make profits they can always take advantage of Art 9 of their terms and conditions which are unclear in regards your trading strategy.
    I raised a complaint with them and they refuse to give me a Case Reference number which states no one actually taking this serious.

    • Dear Ramona Alina,

      We are deeply sorry for your experience. And although these events were highly unfortunate, we would like to stress that we have no bias against our clients, since as you mentioned; all trades were canceled, including the losing ones, and you were able to withdraw the initial balance. That being said, your account was automatically flagged for using an abusive trading technique and we were forced to act accordingly.
      Furthermore, regarding the use of EAs, we would like to point out that these run on the client’s end and we have no control over their behavior. And generally, we do encourage the use of any resources that would help our clients perform better, as long as they are legitimate, except when the trading behavior is deemed abusive.
      At Orbex, we pride ourselves on our healthy and thriving trading community, which you are welcome to join again at anytime as long as you adhere to our trading conditions.

      The Orbex Team

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