Score
Cyprus
|
15-20 years
|
Environment D
|https://www.orbex.com.cy/
Website
Rating Index
Environment
D
Average transaction speed (ms)
MT4/5
Full License
OrbexServices-Demo
Influence
B
Influence index NO.1
United States 3.35Speed：B
Slippage：D
Cost：D
Disconnected：C
Rollover：C
MT4/5 Identification
Full License
United KingdomInfluence
B
Influence index NO.1
United States 3.35
Single Core
1G
40G
1M*ADSL
Cyprus
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
WikiFX Data provide
WikiResearch
Cyprus
orbex.com.cy orbexforex.com
orbexchina.com orbex.com
VIP is not activated.
| ORBEX Review Summary | |
| Founded | / |
| Registered Country/Region | Cyprus |
| Regulation | CYSEC |
| Market Instruments | Forex, precious metals, energies, indices |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 1.5 pips (Starter account) |
| Trading Platform | MT4 |
| Minimum Deposit | $100 |
| Customer Support | 24/5 support, live chat, contact form |
| Tel: +357 25588855; +357 25588853 | |
| Email:support@orbex.com.cy | |
| Address: 82 Street, 6, Kato Polemidia, 4153, Limassol, Cyprus | |
| Facebook, X, LinkedIn,Twitter | |
ORBEX is a regulated broker, offering trading on forex, precious metals, energies, indices, and market holidays with leverage up to 1:500 and spread from 0.0 pips on the MT4 trading platform. The minimum deposit requirement is $100.
| Pros | Cons |
| Regulated by CYSEC | Trading fees applied |
| Demo accounts | |
| Various trading products | |
| MT4 platform | |
| No deposit and withdrawal fees | |
| Live chat support | |
| Popular payment options |
Yes. ORBEX is licensed by Cyprus Securities and Exchange Commission (CYSEC) with license number 124/10 to offer services and provides negative balance protection.
| Regulated Country | Regulator | Current Status | Regulated Entity | License Type | License No. |
| Cyprus | CYSEC | Regulated | ORBEX Ltd | Market Maker (MM) | 124/10 |
ORBEX offers trading on forex, precious metals, energies, and indices.
ORBEX Clients can execute trades 24 hours a day from 00:05 on Monday until 23:30 on Friday (Cyprus Time), except for some instruments which halt at different times, such as a break.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Precious Metals | ✔ |
| Energies | ✔ |
| Cash Indices | ✔ |
| Futures Indices | ✔ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
ORBEX offers demo accounts and Islamic (Swap Free) accounts. And here are four account types ORBEX offers: Starter account, Premium account, and Ultimate account.
| Account Type | Minimum Deposit |
| Starter | $100 |
| Premium | $500 |
| Ultimate | $25,000 |
ORBEX offers maximum leverage at 1:500 for all account types. The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.
| Account Type | Spread | Commission |
| Starter | From 1.5 pips | $0 |
| Premium | From 0.0 pips | $8 |
| Ultimate | $5 |
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, MAC OS, Android, iPhone, Multi Terminal | Beginners |
| MT5 | ❌ | / | Experienced traders |
Orbex accepts payments Credit/Debit cards, Skrill/Moneybookers, Neteller, Wire Transfer, and Klarna/Sofort.
| Payment Options | Deposit/Withdrawal Fees | Deposit Time | Withdrawal Time |
| Skrill | 0 | Up to 2 hours | Up to 24 hours |
| Direct Debit / Credit Cards | 3-5 business days | ||
| Bank Wire | 3-5 business days | ||
| NETELLER | Up to 2 hours | Up to 24 hours | |
| Klarna/Sofort |
Orbex, a leading online trading broker, has recently been awarded the prestigious title of "Best CFD Broker Asia."at the Mumbai Money Expo 2023, the largest financial event in India.
Orbex, a major investment organization that provides forex and CFD trading services, has just announced the addition of additional top-tier analytical tools to its Trading Central arsenal.
The current USDCHF formation indicates that at the end of November, the market completed the actionary wave y of the cycle degree, followed by a cycle intervening wave x.
The Japanese yen inched higher after January’s Tokyo CPI beat expectations. The US dollar found support in the daily demand zone around 113.50. And that is a sign that upbeat sentiment in the medium-term remains intact
Yes, I believe ORBEX trading is reliable since it’s regulated by CYSEC, and offers features like negative balance protection. However, the 1:500 leverage they provide can be risky, so I always ensure I use it cautiously to avoid potential losses.
ORBEX trading is supported on MT4, which I’ve been using for quite some time. I find it very user-friendly, especially for someone new to forex trading. Unfortunately, there’s no MT5 support, which would have been useful for more advanced trading features.
There are no fees for withdrawing funds via Skrill or Neteller with ORBEX. However, if I use bank wire, the process can take 3-5 business days, and there are no withdrawal fees unless using certain payment methods.
ORBEX offers spreads starting from 1.5 pips on the Starter account, with no commission. However, for the Premium account, the spread starts from 0.0 pips, but there’s a $8 commission. This is something I keep in mind while planning my trades, especially for higher-volume trading.
Please enter...
TOP 
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now
FX2903987236
Belgium
Hello, I am writing to formally file a complaint against the broker Orbexforex.com, which operates as the offshore branch of Orbex.com. This broker has deducted 3% for deposits and another 3% for withdrawals, amounting to a total of 6% of my funds, without prior notification or my explicit consent. Despite my inquiries, they have failed to provide a clear explanation for these charges. Additionally, their customer support team has been disrespectful and unprofessional in their responses. The broker's high spreads and excessive commissions make it nearly impossible to trade profitably. Moreover, slippage and candle manipulation occur frequently, further disadvantaging traders. It is evident that Orbexforex.com has turned into a platform for exploiting traders, hiding under the guise of regulatory oversight and leveraging aggressive marketing campaigns to attract unsuspecting clients. I kindly request that this matter be thoroughly investigated and appropriate action be taken against
Exposure
FX3508815941
Turkey
Orbex fx is deceiving customers by promising a 150% bonus for investment and thus persuading investors to make investments, then without any reason, it withdraws the bonus defined while the investor's trades are still ongoing and forces the investor to stop out. Afterwards, it does not compensate for its mistake. 🌑 It is definitely not a reliable institution. The so-called 150% bonus is a trap aimed at deceiving people, I do not recommend anyone to invest.
Exposure
FX1304438350
Turkey
When you open an account with ORBEX, they send you free signals and share the trades they open and close daily. ORBEX's balance is shown to be very strong, so it never loses and appears to make money. I lost 40,000 USD, I was officially scammed...
Exposure
Pongtai
Vietnam
Even though there were four regulators, none of them were on the job during the critical time. Fortunately, no money was lost during the transaction, and the leverage was pretty reasonable.
Neutral
Happiness1
Australia
Trading with Orbex has honestly been a smooth ride. Love how they've set up their platform—super intuitive and the MetaTrader tools are a big plus. The zero-spread thing is real, and it makes a huge difference in trading costs. Their daily tips and insights are super helpful, keep me on top of my game. Getting started was a breeze too, thanks to the quick funding options. Feels good to trade knowing they've got solid security measures in place. If you're looking into trading platforms, Orbex is definitely worth checking out!
Positive
AAAA201253
United States
The spread of the platform is not bad, the transaction speed is relatively fast, and the commission has always been normal
Positive
FX1218739660
Vietnam
Been trading with ORBEX for years, and can say that this broker is a responsible one, always taking care of my withdrawals. I totally have no problems with this broker, and I would give it five stars.
Positive
FX3491026560
Nigeria
After hard work of trading Orbex do not pay-me, please i need help.
Exposure
FX1067716822
Portugal
ORBEX HAS THE SKILL TO DEFRAUD TRADERS WITH SLIPPAGE AND KEEP ORDERS OPENED AFTER STOP LOSS! THEY DO NOT HAVE A OFFICE IN MAURITIUS AS THEY CLAIM! FAKE BROKER
Exposure
FX2144948066
Argentina
I was cheated by this broker and unable to withdraw. After several attempts, I found its scam. Do not deposit on it.
Exposure
Mayaz Ahmad
Bangladesh
A client has claimed he could not withdraw after making profit and orbex has given him illogical explainations for withdrawal failures. The client has called Orbex market manipulators.
Exposure
FX4013103211
Portugal
ORBEX IS A FAKE BROKER!!!!! SCAM SCAM SCAM SCAM!!!! Yesterday after successful trading and make a good profit, Orbex email me that i was abusing the platform and its prices. Also, they have admitted that they delay prices for its clients which is ILLEGAL, MARKET MANIPULATORS!!!!!!!!! Regulators should step in and stop companies like this to operate on the markets!!!! A few months ago i operate there and lost money, they withdraw very fast without an issue, now that i have profits they try to scam me!! RUNAWAY FROM ORBEX!!!
Exposure
Mr. Rolex
Portugal
Yesterday after sucessful trading and make a good profit, Orbex email me that i was abusing the platform and its prices. Also they have addmited that they delay prices for its clients which is ILLEGAL, MARKET MANIPULATORS!!!!!!!!!Regulators should step in and stop companies like this to operate on the markets!!!! A few months ago i operate there and lost money, they withdraw very fast without a issue, now that i have profits they try to scam me!! RUN AWAY FROM ORBEX!!!
Exposure
Hong Kong
ORBEX cheats people to deposit funds but gives no access to withdrawals.
Exposure
猎豹
Hong Kong
Since November until now, the deposit was first required, and even the platform disappeared. It’s a lie, now I’ve transferred to another platform and I’m still asking me to pay a deposit, saying that they promised that I could withdraw funds after the payment.
Exposure
FX3523585793
Hong Kong
It’s impossible to make withdrawals. They changed my bank card number and said it was wrong. So I have to pay margint, and the credit points were not enough.
Exposure
FX2488724760
Hong Kong
The balance in the account is always forbidden to withdraw for various reasons. Don’t be fooled
Exposure
猎豹
Hong Kong
Deposit twice in November, 119,800 in total. And profit 564,747. But when I withdrew funds, I had to pay 113,000 for wrong card number. I realized I was cheated so I refused. And this platform was closed in January. I hope everyone can know the true color of this platform, free from being cheated.
Exposure
FX2608776173
Hong Kong
On January 15, 2021, I heard a netizen’s instruction to transfer 8,000 US dollar, that is, 56,000 yuan to the Orbex trading platform. Under his guidance, I bought USD/JPY and made a lot of money. After that, the total account assets were 17,600 US dollar. When I withdrew my cash, I was rejected. I asked the customer service and was told that I had to deposit 10,000 US dollars to be promoted to a gold member to withdraw. I immediately realized that I was cheated. There is no doubt that the platform is a scam. The netizen may be a bait hired by the platform. I have been asked to borrow money and deposit. The method is very poor. They can think of any way they can think of, and let you use your credit to borrow from major apps.
Exposure
FX3523585793
Hong Kong
Unable to withdraw
Exposure