Orbex Review 2026

Orbex stands out for a platform stack that will feel familiar to experienced retail traders, but pricing can change materially between account types. The key decision is whether the live account terms fit your jurisdiction, cost model and.

Founded
2010
Headquarters
Limassol, Cyprus
Regulators
CySEC, FSC
Platforms
MT4; MT5
The Verdict

Our take on Orbex

Orbex has been trading since 2010 from Limassol, Cyprus. Its licences are CySEC and FSC — second-tier supervision with a compensation scheme behind it, though a lower ceiling than a tier-1 regulator offers.

PipsPal has no measured EUR/USD cost for Orbex. Its advertised spreads are not used as a substitute here — a "from" figure is a best case, not an average — so cost is left out of the scoring rather than guessed at. Accounts run Fixed, Starter, Premium and Ultimate, with leverage to 1:500.

Platforms are MetaTrader 4 and MetaTrader 5. Trustpilot shows 4 from 121 reviews — too small a sample to read much into. On PipsPal's scored dimensions it reaches 4.8 out of 10, on 78% of the scoring weight — the rest is data PipsPal does not hold. That gives Orbex 2.6 out of 5 overall: a brand standing of 2.8 — Trustpilot standing and PipsPal's integrity checks set against the firm's scale and market position, averaged with trading conditions of 2.4.

Reviewed by the PipsPal editorial team
Last updated September 2026
At a Glance

Key trading conditions

The numbers that matter most when picking Orbex.

Min Deposit
$100 Starter
Current/public basis; entity can differ
Max Leverage
Entity based
Retail limit depends on legal entity
EUR/USD all-in
Not measured
No independent average yet
Commission
$0 / $5 RT
Two tiers, $5 and $8 RT per lot
Execution Model
Model varies
Model/venue can vary by product
Withdrawal Time
24h–5 working days
Broker processing plus provider time
Pros & Cons

What we like, what we don't

Where Orbex is strong, and where it is not.

What we like
  • Operating record: trading since 2010
  • Supervised: CySEC and FSC oversight with investor-compensation cover
What could be better
  • Pattern of profit cancellation under a "platform abuse" accusation, plus accusations of candle manipulation:
  • Deposit and withdrawal fees of 3 to 6% on the offshore arm:
  • The EU licence covers EU clients only; everyone else is routed to the Mauritius entity where the complaint pattern sits:
  • No tier-1 licence: CySEC and FSC supervision only, with a lower compensation ceiling
  • Cost unmeasured: PipsPal holds no independent EUR/USD measurement, so cost is unscored
Fit Check

Who Orbex is for — and who it isn't

A good fit for
  • Traders who value the core proposition A platform stack that will feel familiar to experienced retail traders.
  • Entity-aware traders Users prepared to verify the exact company, account and pricing structure before funding.
Look elsewhere if
  • Tier-1 protection is non-negotiable Compare a broker that directly onboards you under the required regulator if this account does not.
  • You want one simple headline price Account-dependent spreads, commission and financing can make the total cost less obvious.
Deep Dive

Everything you need to know

In-depth analysis across regulation, costs, platforms, accounts, funding, and support.

Orbex's strongest case is a platform stack that will feel familiar to experienced retail traders. The review keeps the legal entity, account type and real trading cost separate because those three variables can change the user experience more than the brand headline does.

Regulation & Client Protection

Orbex should be assessed at legal-entity level. Public group branding can cover more than one company, but only the entity named in the client agreement determines the regulator, leverage restrictions, segregation rules and compensation arrangements that apply to the account.

Regulatory structure

  • CySEC, FSC - confirm the onboarding entity in the client agreement, because the protection that applies depends on which company holds the account.
  • CySEC, FSC - confirm the onboarding entity in the client agreement, because the protection that applies depends on which company holds the account.

Track record

Orbex has operated under this brand since 2010. The review still prioritises the current legal and product structure over longevity: a founding date counts only when the present entity and its permissions can also be identified.

Trading Costs & Account Types

The 2026 audit has a source-backed Starter-account measurement.

Cost structure

  • Spread-led pricing - where a commission-free account is offered, the dealing cost is mainly embedded in the live spread.
  • Raw/commission pricing - where offered, compare the live spread plus the complete round-turn commission, not the spread alone.

Standard account

The most useful default account is the one whose fee structure can be understood without mixing figures from another tier. PipsPal keeps account labels attached to any measured or broker-published average and avoids presenting a minimum spread as normal cost.

Other costs to know about

  • Overnight financing or swap charges can apply to leveraged positions.
  • Currency conversion and payment-provider charges can apply outside the account base currency.
  • Inactivity, custody or account-maintenance fees should be checked where the broker publishes them.
  • Bank and intermediary charges can apply even when the broker itself lists a withdrawal as free.

Trading Platforms & Technology

The current platform proposition is summarised as: MT4; MT5. Availability can still differ by legal entity, account type and country, so the platform shown in the application is the final reference.

2-platform support

  • MT4 - available or associated with the current product set; verify regional availability.
  • MT5 - available or associated with the current product set; verify regional availability.

Account type options

Account choice should be made from the live regional site, not a group-wide comparison page. The key differences are usually spread versus commission pricing, leverage, minimum funding, base currencies, swap treatment and access to specialist tools.

Demo accounts

Where demo access is available, it is useful for checking platform layout, symbol naming and order types. It should not be treated as evidence of live spreads, slippage, financing or withdrawal performance.

Deposit methods

Funding methods vary by country and can include bank transfer, cards and local/e-wallet solutions. Withdrawals are normally subject to KYC, source-of-funds and return-to-source controls; the client portal is the final reference for available methods and current fees.

Withdrawal speed and cost

Withdrawal timing is best read as broker processing plus payment-provider settlement. KYC reviews, open-position margin, return-to-source requirements and intermediary banks can extend the total time even when the broker approves a request quickly.

Multi-channel support

Orbex provides digital account support through the channels available on its regional site. Language coverage and operating hours can differ by entity; urgent trading issues should use the contact route stated in the account portal rather than a marketing-page form.

Reputation signals

The most useful reputation signals are a verifiable current legal entity, consistent withdrawal procedures, transparent account economics and a stable operating history. Awards, review scores and group-level licence lists are secondary to those checks.

Compare

Orbex vs alternatives

How does it stack up against similar competitors?

Orbex vs
Pepperstone
Pepperstone has a broad tier-1 regulatory footprint and extensive third-party platform support; Orbex should be chosen for its own entity, pricing and platform fit rather than brand recognition alone.
Orbex vs
AvaTrade
AvaTrade offers a mature multi-entity structure and a wider proprietary-platform ecosystem; Orbex should be chosen for its own entity, pricing and platform fit rather than brand recognition alone.
Orbex vs
IC Markets
IC Markets is a stronger reference point for traders prioritising measured raw-account execution and platform depth; Orbex should be chosen for its own entity, pricing and platform fit rather than brand recognition alone.
Common Questions

Orbex FAQ

Quick answers to the questions traders ask most.

Is Orbex regulated?
Regulation is entity-specific. The record for Orbex shows CySEC, FSC; confirm the exact company in your application before relying on a group licence or registration.
What is the minimum deposit at Orbex?
Current account-types page gives $100 for the Starter account. The actual minimum can depend on account, payment method, country and base currency.
What does it cost to trade EUR/USD with Orbex?
PipsPal uses a measured or clearly sourced account-specific all-in cost when available. It does not present an advertised minimum spread as an average, and commission must be added where the account charges it.
Which platforms does Orbex offer?
The current platform summary is MT4; MT5. Availability can change by entity and account, so confirm the platform in the live application.
How long do Orbex withdrawals take?
Official funding page gives e-wallet/crypto up to 24h and cards/bank around 3–5 working days. Total settlement depends on method, KYC status, return-to-source rules and the receiving bank or payment provider.
Is Orbex suitable for beginners?
It can be if the legal entity, account structure and platform are easy for the user to understand. Beginners should prioritise regulated onboarding, simple costs and conservative leverage over the highest available leverage or smallest advertised spread.
Learn More

Related guides

Get smarter about brokers before you commit.