Orbex
- Trust score
- 4/10
- Legal simplicity
- 5/10
- Min. deposit
- 200
- Payment systems
Features
- Seminars and training
- Daily market analysis
- Low minimum deposit
- Copy trading
- Islamic accounts
- Segregated accounts
- ECN accounts
- Scalping allowed
- Affiliate program
- Wide range of trading instruments
Pros
- High liquidity from Tier 1 banks for reliable, fast trade execution.
Cons
- No notable drawbacks have been identified.
Updated:
Orbex is a forex and CFD broker operating since 2011, regulated in Cyprus by CySEC under EU MiFID rules, with an additional offshore entity in Mauritius for traders who want different trading conditions. It offers four account types, including a copy-trading account, across forex, metals, commodity CFDs, futures, and indices. Leverage is capped at 1:30 under CySEC rules but can reach 1:500 through the offshore entity.
A forex and CFD broker regulated by CySEC in Cyprus, with an offshore Mauritius entity, four account types, copy trading, and Islamic accounts.
Overview
Orbex is a forex and CFD broker that has operated since 2011, offering EU-regulated trading alongside an offshore option for traders who want different conditions.
Is Orbex regulated?
Orbex is headquartered in Cyprus and licensed as a Cypriot investment firm by the Cyprus Securities and Exchange Commission (CySEC), which enforces the EU's MiFID rules under ESMA oversight. Client funds are held in segregated accounts, and Orbex is a member of the Investment Compensation Fund, which covers eligible claims up to €20,000.
Orbex also runs an offshore entity in Mauritius. Capital protection under this entity is not equivalent to CySEC regulation.
Leverage
Leverage depends on which Orbex entity you trade with. Under CySEC/ESMA rules, leverage is capped at 1:30 for major currency pairs and 1:10 for commodities. Through the offshore entity, Orbex Global, leverage can reach 1:500 on forex instruments.
Tradable instruments
- Forex currency pairs
- Precious metals
- CFDs on commodities
- Futures
- Indices
Orbex sources liquidity from Tier 1 banks, supporting reliable and fast trade execution.
Account types
- Standard Account
- Premium Account
- Ultimate Account
- Copy Trading Account (FXStat Tradebook)
Accounts differ in spreads, commissions, and trading conditions, with a choice of floating or fixed spreads and some accounts offering spreads from 0 pips. The Copy Trading Account lets traders replicate other traders' strategies for a commission. A swap-free account is available for Islamic traders.
Minimum deposit
The minimum deposit is $500 for a standard account under CySEC regulation, or $200 for an account opened through the offshore entity.
Verdict
Orbex combines EU regulation with an offshore alternative for traders who want higher leverage. Its account range and instrument selection suit traders who value flexibility, provided they understand that the offshore entity carries weaker capital protection than the CySEC-regulated one.
