Orbex review

Spread from

0.0 pips

EUR/USD spread

1.5 pips, Starter

GBP/USD spread

1.6 pips, Starter

Commission

$0 Starter; $8 Premium; $5 Ultimate

All-in cost, EUR/USD

1.5 pips, Starter

Spread type

Variable

Overnight swap

Both: overnight swaps may be charged or credited

Inactivity fee

$20/€20/£20 per month after 4 months inactivity

Deposit fee

0% on most core methods

Withdrawal fee

0% on most core methods; some regional/provider methods charge fees

Currency conversion

Conversion at applicable exchange rate

Costs below are the broker's published figures, which is not the same as what you will pay.

A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

Orbex lists a minimum deposit of $100. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Markets

Forex, Stocks, Indices, Commodities, Metals, Energies, Futures, Cryptocurrencies

Currency pairs

40+

Total instruments

400+

Crypto CFDs

Yes

Maximum leverage

1:500

Execution model

NDD

Execution speed

0.03 seconds

Order types

Market, limit, stop, stop-loss, take-profit, trailing stop and MetaTrader pending orders

Servers

Global low-latency financial data-centre infrastructure

Leverage up to 1:500 is available on this entity. High leverage does not increase your expected return - it increases position size for the same deposit, and shortens the move needed to close you out.

Orbex covers forex, stocks, indices, commodities, metals, energies, futures, cryptocurrencies. A wider range matters less than depth in the instruments you actually trade.

Funding options: visa, mastercard, bank wire, skrill, neteller, usdt and regional payment methods. Check withdrawal routes as well as deposit ones - they are often not the same, and the difference only becomes apparent when you try to take money out.

Platforms

MetaTrader 4, MetaTrader 5, WebTrader

Own platform

No

Mobile app

Third-party MetaTrader apps

Browser trading

Yes

Automated trading

Yes, MT4/MT5 Expert Advisors

Copy trading

Yes

Indicators

30+ MT4, 38+ MT5 and custom indicators

Third-party tools

MetaTrader 4, MetaTrader 5, Trading Central, VPS

API access

Institutional connectivity available

MetaTrader 4 remains the most widely supported platform for expert advisors. If you rely on an existing EA, this is usually the deciding factor.

MetaTrader 5 handles more asset classes and order types than MT4, but expert advisors are not compatible between the two - an MT4 EA will not run on it.

Regulated by

Mauritius FSC, Investment Dealer (Full Service Dealer excluding Underwriting); Seychelles FSA, Securities Dealer

Regulator tier

Tier 2

Register entry

Mauritius FSC Register, Orbex Global Limited

Client money segregated

Yes

Held at

Approved regulated banks/payment providers; specific bank not publicly disclosed

Negative balance protection

Yes

Compensation scheme

Investor Compensation Fund protection advertised by Orbex; eligibility/entity dependent

Audited by

Independent external auditors

Not available to

United States, Iran, North Korea, Mauritius, Russia, Myanmar, Romania and other prohibited jurisdictions

This is the one claim on the page that can be checked against a public register, so it is the one to check.

Orbex's licence is offshore (FSC and FSA). Offshore entities typically offer higher leverage and lighter reporting, and compensation schemes do not apply - the trade-off is protection, not price.

An FSC licence (Mauritius or Belize, depending on the entity) is an offshore authorisation with lighter reporting duties than a tier-one regulator.

An FSA licence here is usually the Seychelles authorisation - an offshore entity, with lighter obligations than a tier-one regulator.

Check the licence yourself: the Mauritius FSC register of licensees, the Seychelles FSA list of regulated entities.

Minimum deposit

$100

Account types

Starter, Premium, Ultimate, Swap-Free, Demo

Account currencies

USD, EUR, GBP, PLN

Islamic account

Yes

Demo account

Yes

Professional account

Yes, professional/institutional classification available

Minimum trade size

0.01 lots

Time to open

Typically a few minutes

Deposit methods

Visa, Mastercard, bank wire, Skrill, Neteller, USDT and regional payment methods

Withdrawal methods

Bank wire, Visa, Mastercard, Skrill, Neteller, USDT and regional payment methods

Deposit time

Cards/e-wallets up to 2 hours; bank wire 3-5 business days

Withdrawal time

E-wallets/USDT up to 24 hours; cards and bank wire 3-5 business days

Minimum withdrawal

$10 equivalent

Local payment methods

KNET; eNet; ZainCash; Zotapay; GateToPay and other regional methods

Support hours

24/5

Contact channels

Live chat, email, phone, Help Centre

Languages

Multilingual

Telephone

+44 203 519 8170

Email

support@orbex.com

Live chat response

Typically within minutes

Education

Extensive: webinars, trading courses, ebooks, tutorials, one-on-one training, platform education and educational articles

Research

In-house Orbex Research Team, Trading Central, daily technical/fundamental analysis, market commentary and trading ideas

Legal entity

Orbex Global Limited

Company number

Mauritius Global Business Corporation

Headquarters

Ebene, Mauritius

Founded

2011

Publicly listed

No

Parent company

Independent

Employees

Approx. 100-200

Also trades as

Orbex