• Add
  • Minimum Deposit

    • 50-500
  • Leverage

    • 500:1
  • Regulation

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    Company Overview

    Orbex is a long-standing online CFD broker, with its origins in 2010. It is also regulated by several regulatory commissions, including the Cyprus Securities and Exchange Commission (CySEC). Clients of this broker can take advantage of the four account types offered, with each account type offering different features and commissions. There is also a demo account to test the platform, as well as Islamic accounts that are swap-free and adhere to Islamic Sharia laws.

    Through Orbex traders can access stocks, indices, forex, and commodities via the MetaTrader 4 trading platform. This world-class platform works on Windows desktop PCs as well as on mobile devices running either the Android or iOS operating systems. In addition to all this the broker has an impressive catalog of educational services and trading tools that clients can avail themselves of.

    Orbex Pros and Cons


    • Regulated broker
    • No fees or commissions (applies only to starter accounts and stock CFDs on all account types)
    • MetaTrader 4 is the trading platform.


    • Does not accept U.S. traders
    • No WebTrader
    • Support is not available 24/7

    Broker Regulation

    Orbex Limited is located in Mauritius and has regulation by the Mauritius Financial Services Commission, and also by the Cyprus Securities and Exchange Commission. In addition, Orbex Limited is registered with the supervisory authorities of all the EEA nations based on the MiFID Directives. It is also a part of the Cypriot Investor Compensation Fund, which protects traders for up to 20,000 if the broker is somehow unable to pay out from account balances.

    The FSC regulation from Mauritius gives the broker the right to offer its services worldwide, however not when prohibited by domestic regulators. Due to this residents of the United States are unable to take advantage of the services offered by Orbex.

    Account types

    At Orbex clients can choose from three different account types, each with their own features and requirements. All the options have 1:30 maximum leverage for retail traders, but that can be expanded to 1:500 leverage for professional traders as well as traders who choose to/are eligible for having accounts under Orbex Global Ltd (the FSC-regulated Mauritius-based entity). The features and differences between the accounts are shown below:

    There are also Islamic swap-free versions of each account type.

    And traders can take advantage of the free demo accounts at any time to test the trading platform or to validate their own trading strategies.

    Trading Platforms

    Orbex is a MetaTrader 4 broker and offers its traders the choice between the desktop and mobile versions of this award-winning trading platform. They do not offer the MT4 WebTrader, but they do offer the MT4 multiterminal, which is geared towards fund managers and those running multiple accounts.

    In any case, for those who have not experienced it, MetaTrader 4 is considered by many to be the best trading platform available, particularly for forex traders. It contains translations to over 40 languages, making it suitable for nearly anyone in their own native language. It has more than 50 technical indicators built-in, 9 timeframes, and 30 charting tools. It also supports automated trading using its Expert Advisors.

    The MT4 desktop and multiterminal versions are available for Windows, Linux, and Mac computers and can be downloaded from the Orbex website.

    MT4 Mobile Apps

    The mobile version of MetaTrader 4 is nearly as powerful as the desktop version, plus it features the ability to take it with you wherever you go. It is ideal for those who are comfortable managing their trading when they are out and about. You can download MT4 mobile for either Android or iOS mobile devices.

    Available Assets

    Orbex has support for trading CFDs on a number of asset classes, including currencies, commodities, indices, and individual stocks. Notably missing from this list is the newest asset class of cryptocurrencies. It should also be noted that despite being in business since 2010, Orbex has a fairly small number of assets available to its clients. There are 44 forex pairs, 7 commodities, 8 global equity indices, and 66 stocks being offered.

    Education and Research

    Orbex has a very rich offering of research and educational materials. The research tools can be found in the ‘Online Trading Tools’ section of the website. It includes both fundamental and technical analysis, as well as blog and weekly forex reports.

    The Technical Analysis and Fundamental Analysis sections are more than static content too. These sections are updated several times daily and include detailed articles from a number of analysts and traders. These articles are valuable to both beginning and experienced traders. The weekly forex report is also very useful in generating trading ideas for the upcoming week.

    In addition to all these tools traders can also take advantage of tools used to calculate position size, margin and risk, which can also be used for currency conversion or to calculate pivot points. The broker further provides an economic calendar, a glossary and a section of practical trading tips.

    Trader Education

    Besides all these research tools, the broker also hosts podcasts and webinars, which are included as part of the Educational materials section. There are also eBooks, tutorials, and entire video courses as part of the educational materials.

    Of especial use to new traders is the ‘Learn Forex’ section. It covers all the basic terms and concepts relating to currency trading.

    Customer Service

    The Orbex customer service team provides clients with multi-lingual support 24 hours a day Monday through Friday. The team can be contacted via online chat, telephone or call back, online form, and email as detailed below.

    In Conclusion

    With 10 years in business, it seems pretty clear that traders have liked Orbex and its service standards and keep coming back to trade with the broker. They have multiple regulatory licenses and follow European MiFID II standards. They are both reliable and trustworthy in providing their services to clients all around the world.

    With all of this we consider Orbex to be a safe broker, and well worth trying. We also liked that they offer MetaTrader 4 but are unsure why they do not use the WebTrader, unless it is for security reasons.

    Spreads are not bad, but the $8 commission is a bit high. Upgrading to the Ultimate Account with its $5 commissions solves that problem but introduces the problem of the $25,000 minimum. Alternatively, the Fixed Account has good spreads and no commissions.

    When all is said and done it will be up to you to decide if Orbex can fulfill your trading needs. Hopefully the information provided in this review will help you with your decision.

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