This Orbex review explores the broker’s regulatory structure, trading platforms, execution model, and suitability for retail and institutional clients. Established in 2010, Orbex is a multi-asset forex and CFD broker regulated in Cyprus and Mauritius, offering access to global markets via the MetaTrader 4 platform with competitive pricing and research tools.

Regulation and Safety

Orbex is regulated by multiple authorities, including:

• Cyprus Securities and Exchange Commission (CySEC) – License No. 124/10
• Financial Services Commission (FSC) Mauritius – License No. C118023333

CySEC regulation ensures MiFID II compliance for EEA clients, while the Mauritius entity serves international traders. Key client protections include:

• Investor Compensation Fund (ICF) coverage up to €20,000
• Negative balance protection for all clients
• Segregated client accounts
• Biometric login and secure client area

Execution Model and Trading Platforms

Orbex operates an STP (Straight Through Processing) execution model with no dealing desk intervention. It offers low-latency routing to liquidity providers for optimal price fills and transparency.

Available platforms:

• MetaTrader 4 (MT4): Available on desktop, web, iOS, and Android

No MetaTrader 5 or proprietary platform is available. VPS hosting is offered for eligible clients, and FIX API access is available upon request for institutional traders.

Markets and Instruments

Orbex provides CFD trading across multiple asset classes:

• Forex – 40+ currency pairs
• Indices – US30, NASDAQ, GER30, UK100
• Commodities – Gold, silver, crude oil, natural gas
• Futures – On commodities and indices
• Cryptocurrencies – BTC, ETH, LTC (available via offshore entity)

Equity CFDs are limited and not a core focus of the broker’s product lineup.

Accounts, Spreads and Leverage

Orbex offers multiple account types to suit different trading needs:

• Starter: From 1.5 pips, no commission, $100 minimum deposit
• Premium: From 1.2 pips, no commission, $500 minimum
• Ultimate: From 0.0 pips, $5/lot commission, $25,000 minimum

Key conditions:

• Leverage: Up to 1:30 (EU), up to 1:500 (Mauritius)
• Islamic accounts available
• Stop-out level: 20%–50% depending on account type

Funding and Base Currencies

Orbex supports multiple payment options with fast processing:

• Bank wire transfers
• Credit/debit cards
• Skrill, Neteller, FasaPay, WebMoney

Base currencies: USD, EUR, GBP, PLN. Most deposits are processed instantly or within a few hours; withdrawals are typically completed within 24 hours.

Client Protections and Features

Orbex provides a range of security and educational tools:

• Negative balance protection for all clients
• CySEC-backed compensation for EU traders
• Secure client area with encryption and 2FA
• Free trading education, webinars, and eBooks
• Daily technical analysis and economic calendar

Institutional and Retail Offering

Orbex serves both individual and professional clients:

• Retail: MT4, educational tools, standard & ECN accounts
• Institutional: FIX API, white-label solutions, liquidity services via the Mauritius entity

Orbex Prime focuses on larger-volume traders and institutional clients needing custom execution setups.

Pros

• CySEC and FSC regulation ensures global coverage
• STP execution model with zero dealing desk intervention
• Multiple account types with flexible conditions
• Free education and daily research tools
• FIX API and white-label available for institutions

Cons

• Only supports MetaTrader 4
• Limited equity CFD offering
• No proprietary mobile platform
• High minimum deposit for ECN Ultimate account

Frequently Asked Questions

Is Orbex regulated?

Yes, Orbex is regulated by CySEC in Europe (License No. 124/10) and the FSC in Mauritius (C118023333).

What platforms does Orbex support?

Orbex supports MetaTrader 4 across desktop, web, and mobile. MetaTrader 5 is not available.

What is the minimum deposit at Orbex?

The minimum deposit starts at $100 for the Starter account and goes up to $25,000 for ECN accounts.

Does Orbex support institutional clients?

Yes, Orbex offers FIX API, liquidity access, and white-label solutions for institutional clients via its Mauritius-regulated entity.

Is there investor protection at Orbex?

CySEC-regulated clients are covered by the ICF up to €20,000. All clients receive negative balance protection.