Orbex Review

Richard Montana | March 25, 2022

Established in 2011, Orbex was founded with a mission to serve its traders responsibly. And with that in mind, Orbex works diligently to provide its traders with access to the world’s largest and most liquid financial markets. The company offers multiple trading assets, including forex, indices, commodities, metals and stock CFDs, as well as highly competitive trading conditions and access to tier-1 bank liquidity . With a diligent customer support team to answer your every query, and a focus on research, analysis and enhanced security of client funds, Orbex upholds a reputation of seasoned expertise within the industry.

Pros / Cons
  • Regulated brokerage firm
  • Seamless execution
  • Fast withdrawals
  • Advanced trading tools — Trading Central, Strategizer & VPS
  • No US clients
  • No stocks & cryptocurrency
  • $200 minimum deposit
  • No support for social trading


Established in 2010, Orbex is an emerging name in the online forex trading world. They are regulated by the CySEC and FSC and offer trading in over 60 instruments spread over currencies, energies, equity indices, and precious metals.

The broker offers competitive spreads, seamless execution, up to 1:500 leverage and provides traders with the latest innovations in forex charting, analysis, and automation tools and resources, which helps to deliver a smooth trading process.

Orbex was crowned Best Forex Broker 2020, MENA & Europe by Global Banking & Finance Review. It has also received several broker awards in the Best Educational and Analysis provider category.

Orbex Broker Features

Orbex Broker Features

A market leader in innovation and customer service, Orbex offers its traders highly competitive trading conditions, with fast execution of under 0.03 seconds per order, spreads starting from 0.0 pips, free VPS and leverage up to 1:500.

This is in addition to an advanced selection of trading tools available on the industry’s favourite trading platform, MT4, both on desktop and mobile and for users of Windows, Mac, Android, and iOS.

Traders can also benefit from daily trading signals and technical analysis reports via Trading Central, as well as the broker’s award-winning research team via the Orbex blog and social media channels.

Investors of all trading styles are welcome, including scalpers, hedgers and fans of automated trading who can also select from a wide range of Expert Advisors, or create their own thanks to Orbex’s platform supporting fast EA development.

With over 20 native support languages to assist you, an automated chat bot system to streamline response times, a robust FAQ center and a highly trained team of support specialists available 24/5, no matter your trading query, Orbex sets an industry example for stellar customer service and support.

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The online brokerage brand Orbex is operated by two companies — Orbex Limited and Orbex Global Limited — which are owned by Orbex Holding Limited. Orbex Limited, which serves EU clients, is registered in Cyprus and regulated by the Cyprus Security and Exchange Commission (CySEC), with the license number: 124/10.

In accordance with the MiFID ii directive, Orbex Limited is also registered with other EU supervisory authorities, such as the Financial Conduct Authority (FCA) in the UK, with the registration number: 553071 and the Comisión Nacional del Mercado de Valores (CNMV) in Spain, with the registration number: 2894. Being a Cyprus Investment Firm (CIF), Orbex Limited is a member of the Investor Compensation Funds (ICF), an organization that insures up to €20,000 of each client’s funds.

Orbex Global Limited is registered in Mauritius and serves non-EU clients. They are only regulated by the Mauritius Financial Service Commission (FSC), which is a tier 3 financial regulator. Clients’ funds with this company (non-EU clients) are not insured in any way.

Adhering to the strictest international regulations, Orbex has worked hard to consolidate its reputation as a trusted broker in the industry. This means offering their traders a secure trading experience, which includes but is not limited to, clients’ funds segregation and the strict protection of data and personal information. When you combine this with the company’s philosophy that encourages informed and responsible trading, and its status as an established source of valuable information, Orbex really stands out as the shining example of what it means to be a reliable broker.

Through the Cyprus-registered firm, Orbex Limited, the broker serves clients from the 28 EU-member nations. The Mauritius-registered company, Orbex Global Limited, serves clients from all over the world, provided that the domestic regulations of a client’s resident country do not prohibit operation. However, Orbex states that they do not offer services to residents of certain jurisdictions, such as the US, Cuba, Sudan, Syria, Mauritius, and North Korea.


Orbex provides you with various applications of the ever-popular MetaTrader 4 trading platform, including the MT4 Client Desktop, Android Trader, and the MT4 iPhone & iPad Trader.

MT4 Client Desktop

The MT4 desktop application for PCs has a wide range of functionalities with a user-friendly interface. Some of its many features include the one-click trading panel, trailing stop, and automation tools.

Orbex MT4 Desktop

Orbex MT4 Desktop

MT4 Android Trader

Orbex provides an MT4 application for Android smartphones and tablets so that you can trade on the go. It offers you complete control over your trading account and allows all types of orders. With the numerous technical indicators provided, you can do your technical analysis on your mobile device.

Orbex MT4 Android

Orbex MT4 Android

MT4 iPhone & iPad Trader

The Orbex MT4 app for iOS devices provides similar functionalities as the MT4 desktop application for PCs, including full access to your account history and complete charting system with technical analysis tools. You can place market, limit, and stop orders, as well as hedge positions. But there’s no algorithmic trading function.

Orbex MT4 iOS

Orbex MT4 iOS


Orbex has a number of interesting tools that definitely help you understand the markets better, manage your risk, and automate your trading strategy.

Orbex WebTV

The broker has an in-house web TV where they provide in-depth market research — fundamental and technical analysis. You can tune in to Orbex Web TV and watch their research team dissect the various markets.

Orbex WebTV

Orbex WebTV

Orbex Strategizer

This algorithmic forex trading system helps you automate your trading strategy without having to learn how to code an expert advisor or pay a programmer for one. With this tool, Orbex helps you automate your forex trading strategy on your MT4 platform, absolutely free.

Orbex Strategizer Tool

Orbex Strategizer Tool

Free VPN

Orbex provides free VPS (virtual private server) to clients who want to have expert advisors trade for them 24 hours a day and 5 days a week without any internet interruption. The VPS comes with some benefits like not missing any trade setups and increased execution speed.

Trading Central

Trading Central is an independent provider of market analysis that delivers forex trading signals directly on your MT4 platform and provides real-time market analysis. Orbex makes Trading Central services available to you for free.

Orbex Trading Central Analysis

Orbex Trading Central Analysis

Orbex Calculators

Orbex has many of the important trading calculators on their website. They include the pip and margin calculator, risk calculator, pivot point calculator, and currency converter.

Orbex Calculators

Orbex Calculators

Orbex Economic Calendar

The broker provides an economic calendar on both their website and your MT4 desktop platform so that you know the announcements that are expected in the market.

Orbex Economic Calendar

Orbex Economic Calendar


Orbex has a wide range of educational resources on their website and blog. These include webinars, ebooks, free video courses, tutorials, and the beginner’s guide, Learn to Trade Forex course.

Boasting an award-winning team of local and international investment researchers, Orbex focuses on offering traders of all levels the educational tools necessary to accompany every stage of their trading journey. From daily fundamental and technical analysis, to webinars, e-books, podcasts, videos and weekly reports, Orbex provides excellent educational material to suit every trader’s needs. A leading provider in Elliott Wave research, Orbex analysis is frequently featured across global financial outlets, including Bloomberg, Refinitiv Eikon, and CNBC.


The broker organizes webinars for their clients from time to time, and they make the videos of the previous webinars available on their website so that their clients have access to them. Details of the upcoming webinars are also made available on their website.

Orbex Webinars

Orbex Webinars


Orbex has a number of eBooks, which they offer you for free upon the creation of a demo account on their website. Some of their eBooks include Money Management for Forex Traders and Speculating with Forex CFDs.

Free Video Courses

The broker has a huge catalog of free video tutorials available to their clients.

Orbex Video Courses

Orbex Video Courses


The broker has a blog section with tons of articles on the common topics a new trader should know. The tutorials cover most of the technical indicators, various aspects of MT4 and how to use them, and some elements of fundamental analysis.

Learn to Trade Forex

This is a comprehensive introductory guide to forex trading, which Orbex has included on their website to help beginner traders understand the basic elements of trading.


Orbex offers a reasonable variety of tradable instruments that include currency pairs, energy commodities, precious metals, equity indices. However, the broker does not offer stocks and cryptocurrency.

Forex: There are more than 44 forex pairs to trade with this broker, including all the major pairs, minor pairs, and some exotic pairs.

Energies: With Orbex, you can trade CFDs on three energy commodities — WTI Oil, UKOIL (Brent Crude Oil), and Natural Gas.

Precious metals: The broker offers CFD trading on the major precious metals, including gold, silver, platinum, and palladium.

Equity indices: Orbex offers trading on a number of equity indices of the major markets around the world, including the Dow Jones Index, S&P 500 Index, FTSE 100, Nikkei 225, Dax 30, and a few others.


Orbex offers different account types so traders can choose the type that suits their trading style, risk appetite, and trading capital. There are four account types to choose from:

Starter Account: This account requires the least minimum deposit — $200. It has variable spread, no commission, maximum leverage of 1:500, and gets stopped out at 20% free margin (negative balance protection).

Fixed Account: The minimum deposit for this account is $500. Although the spread is fixed, it can be increased during news releases. As with the starter account, it has negative balance protection at 20% free margin, no commission, and maximum leverage of 1:500.

Premium Account: Here, the minimum deposit is $5,000, and it carries an $8 commission per lot. Its variable spread starts from 0 pip. There is negative balance protection (at 20%) and maximum leverage of 1:500.

Ultimate Account: For this account, the minimum deposit is $25,000. The spread is variable and starts from 0 pip, and it has a $5 commission per lot. There is a maximum of 1:500 leverage and negative balance protection (at 20%).

For EU residents, the maximum leverage for all the account types is 1:30, but professional traders can get up to 1:500 leverage.

Orbex Account Types

Orbex Account Types

Islamic Account: This account type is offered exclusively to Muslim clients, and there must be a proof of religion to open one. The account is swap-free.


Orbex has a dedicated customer support service that is available 24/5 to provide traders with the requested support all through the trading hours. Their multilingual customer service team can be reached through many channels, such as live chat, email, online contact form, and phone calls.

The broker has the phone numbers for their Cyprus, Mauritius, Kuwait, and Jordan offices on their website. If you’re a resident of the EU, it is best to call the Cyprus number. You can even request a call back by filling the ‘Call Back Request’ form.


Orbex welcomes different types of payment methods. The broker does not charge any fees for deposit or withdrawals, but your financial service provider may charge some fees for the transactions. You can choose the one that is most convenient for you from these categories of payment methods.

Credit/Debit Card: Orbex accepts MasterCard and Visa cards. It takes about 2 hours to process deposits, but withdrawals take between 3 to 5 business days.

Bank Wire: This method of payment takes about 3-5 days to process transactions, whether deposit or withdrawal.

E-Wallets: Orbex accepts a few online wallets, such as WebMoney, Skrill, NETELLER, Fasapay, and K-NET for both deposit and withdrawals. Deposits take about 2 hours to be processed, while withdrawals may take up to 24 hours.

Orbex Payment Method

Orbex Payment Method


It is easy to open an account with Orbex. The broker makes it possible for international (non-EU) clients to choose between the CySEC-regulated Orbex Limited or the FSC-regulated Orbex Global Limited. EU residents can only register with Orbex Limited.

For a non-EU resident, when you click on the Open Real Account button on the homepage of the Orbex website, it asks you to choose your preferred Orbex entity. Clicking on either of the two takes you to where you select the nature of your account — Individual Account, Joint Account, or Corporate Account — and then fill your details.

Orbex Account Opening Page

Orbex Account Opening Page

Click on Continue to get to the next page. Fill all the required details and answer the questions that test your trading experience. You will also need to upload your KYC documents — identification documents and utility bills. It may take a few days for Orbex to verify your KYC documents.


Orbex is a rising brand in the online forex and CFD trading industry. The broker operates two brokerage entities — the Orbex Limited, which is regulated by the CySEC and serves EU residents, and the Orbex Global Limited, which is regulated by FSC and serves international clients. Interestingly, international clients can choose the Orbex entity they prefer.

They provide trading in many currency pairs, equity indices, energies, and precious metals through their MT4 desktop, Android, and iOS applications. However, they do not offer stocks or cryptocurrency, and there’s no direct support for social trading.

Orbex Logo

Min $200 Deposit

Orbex is an online forex broker registered in Cyprus and Mauritius. They provide trading services in Forex & CFDs through MetaTrader 4. The broker offers competitive spreads & provides educational resources along with trading tools to assist traders.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

About the Author

Richard Montana
Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others.

Review Methodology

For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process.