Orbex review
Orbex is a forex and CFD broker founded in 2011 that runs MetaTrader 4 and 5 accounts across three tiers. Its current published entity structure centres on Orbex Global Limited, licensed by the Mauritius FSC, and Orbex Limited, licensed by the Seychelles FSA as a securities dealer, with an additional company registered in St. Vincent and the Grenadines. A separate Cyprus-registered entity, Orbex Services Limited, is described on Orbex's own regulation page as a payment operator rather than a licensed investment firm. That is a materially lighter regulatory footprint than a broker holding an FCA, CySEC or ASIC licence directly, and it is worth confirming current status with Orbex before assuming EU-level protections apply. The platform itself is a conventional MetaTrader offering with 400+ listed instruments.
Orbex key facts
- Website: www.orbex.com
- Category: CFD & forex broker
- Founded: 2011
- Headquarters: Ebene, Mauritius
- Regulation: FSC (Mauritius), FSA (Seychelles)
- Platforms: MetaTrader 4, MetaTrader 5, FIX API
- Account types: Starter, Premium, Ultimate
- Minimum deposit: $100
- Listed instruments: 400+
- FYI Score: 79.6/100 (ranked #77 of the 136 CFD brokers we track)
Regulation & licences
- Orbex Global Limited is licensed by the Mauritius Financial Services Commission (Global Business and Investment Dealer licences).
- Orbex Limited is licensed by the Seychelles Financial Services Authority as a securities dealer; Orbex LLC is registered (not licensed as a broker) in St. Vincent and the Grenadines.
- Orbex Services Limited, the Cyprus-registered entity, is described by Orbex as a payment operator rather than a CySEC-licensed investment firm — some third-party sources reference an older CySEC licence tied to a Cyprus Orbex entity dating to 2011, but this is not reflected on the broker's current regulation page.
- No FCA, ASIC or currently-listed CySEC licence was confirmed, so protections such as EU-style negative balance protection depend on which offshore entity holds the account.
Spreads & fees
- Three account tiers: Starter ($100 minimum, variable spreads, no commission), Premium ($500 minimum, tighter spreads), and Ultimate ($25,000 minimum, spreads from 0.0 pips with per-lot commission).
- Gold spreads advertised from 0.05, with an average order-execution speed of around 0.03 seconds.
- No stated company fees on deposits; swap-free (Islamic) accounts are available.
Platforms & tools
- MetaTrader 4 and MetaTrader 5 on desktop, web terminal and mobile (iOS and Android).
- A FIX API is offered for automated or institutional-style connectivity, uncommon among brokers of this size.
- No proprietary in-house platform beyond the MetaTrader suite.
Markets & instruments
- 400+ tradable instruments in total, including 200+ stock CFDs and 10 major global indices and futures.
- Forex majors and minors, plus commodities led by gold and other metals.
- Cryptocurrency CFDs are offered, though exact coin counts are not consistently published.
Markets
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Platforms
MetaTrader 4, MetaTrader 5, Orbex Mobile App
Who Orbex is for
Could suit a MetaTrader user drawn to the broad instrument list and FIX API access, but anyone prioritising EU-level regulatory protection should confirm exactly which Orbex entity their account would sit under before funding it.
Pros
- Long operating history (since 2011) relative to many smaller CFD brokers.
- Full MetaTrader suite (4 and 5) plus a FIX API for algo or institutional-style access.
- Broad instrument list, including a comparatively large 200+ stock CFD offering.
- Low advertised execution latency and spreads from 0.0 pips on the top commission tier.
Cons
- No top-tier regulator (FCA, CySEC, ASIC) is confirmed on Orbex's current regulation page; its licensed entities sit in Mauritius and Seychelles, both lighter-touch jurisdictions.
- The Cyprus-registered company in the group is described as a payment operator, not a licensed investment firm, which is a step down from the CySEC-regulated status some older third-party sources still cite.
- The $25,000 minimum deposit on the Ultimate tier is high relative to the $100 entry point on Starter, and the tiers trade off spread tightness against account minimums.
- Instrument counts (forex pairs, cryptocurrencies) vary across Orbex's own materials and third-party trackers, making exact figures hard to pin down.
Orbex FAQ
Is Orbex regulated?
Orbex operates through entities licensed by the Mauritius FSC and the Seychelles FSA. Its Cyprus-registered company is described on Orbex's own regulation page as a payment operator rather than a licensed investment firm, so no current top-tier regulator (FCA, CySEC, ASIC) is confirmed for the group as a whole.
What trading platforms does Orbex offer?
MetaTrader 4 and MetaTrader 5 across desktop, web and mobile, plus a FIX API for automated or institutional-style trading connections.
What is the minimum deposit at Orbex?
The Starter tier begins at $100, Premium at $500, and the Ultimate tier requires $25,000.
How many instruments does Orbex offer?
Orbex advertises 400+ tradable instruments in total, including more than 200 stock CFDs and 10 major indices, alongside forex, commodities and cryptocurrency CFDs.
Compare Orbex with other CFD brokers
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