Investors who love evaluating trading strategies and improve trading performance should choose Orbex.

This fully licensed and regulated brokerage firm was founded in 2010. It’s domiciled in Limassol, Cyprus but also has a satellite branch in Kuwait. Orbex is a No Dealing Desk, STP, ECN type of broker. The brokerage firm focuses on currencies, precious metals, commodities, CFDs, and futures. Orbex provides features that measure the effectiveness of your trading, maximize leverage, minimal commissions’ charges, swift access to customer service, and simple withdrawal procedures.


Orbex is mainly a Forex broker though they also provide a few metals and indices. They offer leverage up to 1:500 and the minimum volume for an order have to be 0.01 lot. All trading styles are allowed such as hedging, scalping and Expert Assistance (EAs). Orbex has tight fixed and floating spreads from as low as 0.8 pips with no re-quotes or slippage. This broker is CYSec regulated and has FCA registration. Besides, the broker has a declaration of segregated client accounts. This means traders funds are safe as they are insured by the Cypriot depositor protection scheme.

Account Types

Orbex has five account types.

  • Classic Forex Account: This account type is suitable for beginner traders. It offers a minimum volume of 0.01 lot and 1:500 leverage. The minimum deposit to begin trading is $500. The smallest spread starts from as low as 1.9 pips.
  • Standard Forex Account: This account type offers more benefits for upcoming traders. The minimum deposit is $500 with a leverage of up to 1:500. The minimum spread starts from as low as 1.5 pips.
  • Premium Forex Account: This account type offers better spreads for the advanced trader. The minimum deposit is $5,000 while the leverage is 1:500. The minimum spread starts from 1.2 pips.
  • VIP Account: This account type is ideal for professional traders who want to lower their transaction costs. The minimum deposit is $25,000 with low spreads at 0.8 pips. ECN accounts are tailored for professional, and institutional traders who wish to trade in high volumes but at lower fees and tighter spreads.
  • Islamic Account: This Swap Free Universal Type account is for traders who follow strict sharia laws of no “RIBA”. The minimum deposit to start trading is $500. Orbex also has a demo account for novice traders who want to test and feel the trading platform before making a decision on whether to invest with them.

Commissions and Spreads

As shown in the previous paragraph, Orbex offers competitive spreads which have a minimum for each account type. Traders are advised to exercise caution when trading on margins, as higher leverage involves more risks or losses which sometimes may exceed the initial investment.

Deposits and Withdrawals

This broker supports standard deposit methods which include credit/debit cards, Skrill, CashU, Neteller, FasaPay, WebMoney and bank wire transfers. There are no deposit fees (except on some bank wire transfers). Funds reflect on the traders’ account within two hours. Withdrawals can take 24 hours on business days but the processing time for bank wire may differ. Forex rules across board require all clients to have their internationally accepted identity documents on file before submitting a request.

Trading Platforms

Orbex main trading platform MetaTrader 4 (MT4) is popular with traders and brokers due to some of its benefits such as:

  • Account trading summary
  • Comprehensive charting packages
  • ECN trading
  • Supported automated trading with expert advisors
  • Support trading stops
  • User-friendly interface
  • A variety of technical indicators

The MT4 trader platform is also available in several versions such as MT4 Desktop, MT4 Mac OS, MT4 Android, MT4 iPhone/iPad, MT4 Multi-terminal and MT4 WebTrader. Orbex also provides auto trading. Their integration with FXStat TradeBook allows their clients to mimic the trading activities of other traders.

Traders can monitor and analyze their open positions with ease by using the FXStat technology. Extra tools such as the Orbex TradeLab sharing platform allows traders to view, and follow trade ideas from the Forex community or even post their own views. A trader can use the Expert Adviser service to place trades on a 24 hours basis during the trading week without the need for constant internet connection. Other features of VPS are fast execution speeds and no censorship or website restrictions.

Customer Support

Customer support is provided 24/7. To properly serve its international clientele, customer support is available in several major languages such as English, Spanish, German, Russian, Greek, Bulgarian, Chinese, Arabic, Bengali, and Urdu. You can contact the support team via email, live chat, call back request and telephone. Clients can take advantage of the live chat feature to discuss strategies, new systems or failures.

Customer Education

Orbex provides its traders with an inclusive tutorial program. It consists of professionally written instructional lessons and real-time access to economic releases such as M4 Money Supply (GBP) low impact and Purchasing Manager Index Manufacturing (GBP) Low Impact. Various topics such as “How to use Trader Central” are available on video. After opening a trading account, a free eBook and a daily newsletter are sent to all registered traders. You can also opt-in on receiving text messages. Orbex Web TV provides market news, analyses, fundamental and technical reports and forex updates.


  • Easy Navigation
  • Service in many languages
  • Free analyses and education
  • Competitive spreads
  • CYSEC Regulated broker
  • Excellent customer support
  • Multi-platform trading
  • Multi-lingual support
  • Multiple trading account types


  • Lack of promotional offers
  • Minimum deposit is high in comparison to other brokers
  • No localized telephone support
  • MT4 is the only trading platform

Orbex Review Verdict

Orbex Forex brokerage is a unique Electronic Communications Network (ECN) broker that utilizes a modern pricing software to link traders to Tier 1 bank liquidity. This translates to genuine anonymous trading in a No Dealing Desk model which assures traders their positions will not be manipulated by unscrupulous brokers. The decent spreads are ideal for large deposits. Free services, different account types, and regulation by the Cyprus Securities Exchange Commission reassures traders when they’re trading with this broker.


EUR/GBP daily spread
1.5 pips
USD/JPY daily spread
1.8 pips
GBP/USD daily spread
1.4 pips
EUR/USD daily spread
1.2 pips

The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

Minimum Deposit $500

This broker is CYSec regulated and has FCA registration. Besides, the broker has a declaration of segregated client accounts. This means traders funds are safe as they are insured by the Cypriot depositor protection scheme.

BaFin: German Federal Financial Supervisory Authority

MiFid: The Markets in Financial Instruments Directive is the EU legislation that regulates firms who provide services to clients linked to ‘financial instruments’.

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