Orbex Review
🛡️ Offshore Regulated
💵 Spreads from 0.0
🏛️ Established Since 2011
⚡ Market Execution
Orbex at a Glance — Brand Profile & Stats
Operating since 2011 · Platforms: MT4 & MT5
Regulation (2026): FSC Mauritius, FSA Seychelles, SVG
Markets: forex, metals, energies, indices
⭐ What Traders Say on Trustpilot
- Praise for execution speed and education
- Complaint: "They add artificial slippage to all..."
- Mixed views on withdrawals
🛡️ Regulation & Safety
💵 Trading Conditions
- Spreads from 0.0 pips (raw account)
- Leverage up to 1:500
- Stop-out level: 20%
- Floating and fixed-spread accounts
📈 Markets
🎓 Education
⚔️ Top Orbex Alternatives
🔵 IC Markets
🟢 XM
💵 Account Types & Spreads
Floating or fixed spreads · no commission
Best for beginners who want predictable costs.
⚡ Raw / Ultra-Low
Spreads from 0.0 pips + commission
Best for active traders and scalpers.
🎯 Trading Limits
Trade FX, metals, energies and indices
Demo accounts available to test conditions.
💻 Platform & Trading Conditions
EAs, charting and mobile apps
Best for traders who want standard MT tools.
⚖️ Leverage
Higher than EU caps (offshore entity)
📉 Execution
💱 Markets
💵 Commissions & Trading Costs
Standard: spread-only
Raw: from 0.0 pips + commission
💵 Other Fees
Swap/overnight financing on held positions
Possible deposit/withdrawal charges by method
Check the live schedule before funding.
🧾 What to Budget
Commission on raw accounts
Swaps for multi-day trades
Confirm current costs on the Orbex site.
🚫 Restricted Countries
🎥 Video Guides & Reviews
⚖️ Pros and Cons of Orbex
✓ Pros
- Established since 2011
- Spreads from 0.0 pips (raw)
- MT4 and MT5 supported
- Strong education and research
- Leverage up to 1:500
- Floating and fixed-spread options
✗ Cons
- Dropped CySEC in 2025 — now offshore only
- Trustpilot mixed (3.6/5)
- Some reviews allege artificial slippage
- No EU investor-compensation cover
- No longer onboarding most EU clients
- Withdrawal experiences vary
💵 Orbex Fees & Pricing
Orbex Pricing depends on the account: standard/fixed accounts are spread-only, while the raw account offers spreads from 0.0 pips plus commission. Leverage runs up to 1:500 with a 20% stop-out. Confirm current fees on the Orbex site.
| Account | Spread | Commission | Open |
|---|---|---|---|
| Standard | floating | None | Open Account |
| Fixed | fixed | None | Open Account |
| Raw | from 0.0 | Yes | Open Account |
| Demo | test | Free | Try Demo |
Given the 2025 move offshore, test a demo and a small live withdrawal before depositing real size.
⚔️ Orbex vs Pepperstone vs IC Markets vs XM
How does Orbex compare to better-regulated rivals?
| Metric | Orbex | Pepperstone | IC Markets | XM |
|---|---|---|---|---|
| Regulation | Offshore | FCA/ASIC | ASIC/CySEC | ASIC/CySEC |
| Spreads | from 0.0 | from 0.0 | from 0.0 | from 0.6 |
| Max leverage | 1:500 | 1:500 | 1:500 | 1:1000 |
| Trustpilot | 3.6 (112) | ~4.0 | ~4.6 | ~4.2 |
Verdict: Orbex has competitive raw spreads and a long history, but losing CySEC pushes it behind Tier-1 rivals on safety. If regulation matters, Pepperstone or IC Markets are stronger picks.
✅ Orbex Review 2026: Is It Worth It?
Orbex review 2026: a broker operating since 2011 with MT4/MT5, raw spreads from 0.0 pips, 1:500 leverage and a strong education library. On trading conditions, it is competitive.
The concern: in 2025 Orbex exited the EU and gave up its CySEC licence, so it now runs under offshore regulators with weaker protection. Its Trustpilot rating is mixed (3.6/5), with some slippage complaints.
Best for: non-EU traders who want MT4/MT5 and education and are comfortable with offshore regulation.
Look elsewhere if: you want Tier-1 regulation and investor-compensation cover — Pepperstone, IC Markets or XM are stronger.
Final word: A long-running broker with decent conditions but a weakened regulatory standing. Test execution and withdrawals before scaling up.
🤔 Why Consider Orbex — and What to Watch
Why traders consider Orbex
Orbex has operated since 2011, offering MT4 and MT5, raw spreads from 0.0 pips, leverage up to 1:500 and a well-regarded education and research library across forex, metals, energies and indices.
- Long track record (since 2011).
- Raw spreads from 0.0 pips.
- MT4 & MT5 with EAs.
- Strong education and analysis.
What to watch: Orbex gave up its CySEC licence in 2025 and now operates under offshore regulators (Mauritius/Seychelles/SVG) with weaker protection. Trustpilot is mixed (3.6/5), with some slippage complaints. Test a demo and a small withdrawal first.
❓ Frequently Asked Questions