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Orbex Review

Orbex Review

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Our rating 4.3/5 Reviewed by Top30ForexBrokers Team Published Updated How we rate

Orbex has traded since 2011 but dropped its CySEC licence in 2025, so it now operates under Mauritius FSC and Seychelles FSA oversight only. Spreads start at 0.0 pips with leverage to 1:500 and a 20 percent stop-out level, across forex, metals and energies on MT4 and MT5. The move from EU to offshore regulation reduces client protection.

Offshore Regulated

Mauritius FSC Seychelles FSA Dropped CySEC in 2025

Spreads from 0.0

MT4 & MT5 Leverage to 1:500 20% stop-out

Established Since 2011

FX metals & energies Education focus Multiple accounts

Market Execution

Fast fills Mobile & desktop Demo available

Orbex at a Glance — Brand Profile & Stats

Orbex Global Limited
Operating since 2011 · Platforms: MT4 & MT5
Regulation (2026): FSC Mauritius, FSA Seychelles, SVG
Markets: forex, metals, energies, indices
Key change: In 2025 Orbex exited the EU and gave up its CySEC licence — it now operates mainly under offshore regulators, which offer weaker investor protection than Tier-1 authorities.

What Traders Say on Trustpilot

3.6 / 5
112 reviews on Trustpilot (mixed)
  • Praise for execution speed and education
  • Complaint: "They add artificial slippage to all..."
  • Mixed views on withdrawals
Honest take: Reviews are split. Several allege slippage/pricing issues. The loss of CySEC is the bigger story — weigh it before depositing.

Regulation & Safety

Orbex is now regulated by the FSC (Mauritius), operates via Seychelles (FSA), and has a registered entity in St Vincent & the Grenadines. These are offshore regulators.
Why it matters: After dropping CySEC in 2025, Orbex no longer offers EU-grade protections like the Investor Compensation Fund.

Trading Conditions

  • Spreads from 0.0 pips (raw account)
  • Leverage up to 1:500
  • Stop-out level: 20%
  • Floating and fixed-spread accounts

Markets

Forex majors and minors, precious metals, energies and stock indices, all on MetaTrader 4 and 5.

Education

Orbex has historically emphasised education and research — webinars, analysis and trading guides — which appeals to newer traders.

Top Orbex Alternatives

Pepperstone — Tier-1 (FCA/ASIC). Raw spreads · strong reputation. Pick Pepperstone for Tier-1 safety.

Read our full Pepperstone review

IC Markets

IC Markets — true ECN, deep liquidity. Pick IC Markets for scalping.

Read our full IC Markets review

XM

XM — multi-regulated, strong support, bonuses. Pick XM for a well-established multi-license broker.

Read our full XM review

Exness

Exness — high leverage, fast withdrawals, strong reputation. Pick Exness for reliable payouts.

Read our full Exness review

Other brokers we have reviewed that hold an FSC Mauritius licence include FXTM, IUX and INFINOX.

Account Types & Spreads

Standard / Fixed
Floating or fixed spreads · no commission
Best for beginners who want predictable costs.

Raw / Ultra-Low

Raw spread account
Spreads from 0.0 pips + commission
Best for active traders and scalpers.

Trading Limits

Leverage to 1:500 · 20% stop-out
Trade FX, metals, energies and indices
Demo accounts available to test conditions.

Platform & Trading Conditions

MetaTrader 4 & 5
EAs, charting and mobile apps
Best for traders who want standard MT tools.

Leverage

Leverage up to 1:500
Higher than EU caps (offshore entity)
Why it matters: Without CySEC, EU-style 1:30 limits no longer apply — manage risk.

Execution

Market execution — but some reviewers allege artificial slippage.
Test first: Trade a demo or small live size and check fill quality during news.

Markets

Forex, precious metals (gold, silver), energies (oil) and major stock indices.

Commissions & Trading Costs

Spreads & Commission
Standard: spread-only
Raw: from 0.0 pips + commission
Why it matters: Raw suits frequent traders; standard suits casual ones.

Other Fees

Other Fees
Swap/overnight financing on held positions
Possible deposit/withdrawal charges by method
Check the live schedule before funding.

What to Budget

What to budget
Commission on raw accounts
Swaps for multi-day trades
Confirm current costs on the Orbex site.

Restricted Countries

Orbex does not serve all jurisdictions; after its 2025 EU exit, EU clients are largely no longer onboarded, and sanctioned regions are excluded at KYC. The entries below are the exclusions a broker in this position normally applies. They are not confirmed against a list published by Orbex, so treat them as a guide and confirm your own jurisdiction at onboarding:
USAIranNorth KoreaSyriaRussiaCubaEU (post-CySEC exit)
Verify first: Confirm your country is accepted before depositing.

Video Guides & Reviews

Orbex Review
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Orbex Review
Account & Spreads
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Account & Spreads
Platform Walkthrough
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Platform Walkthrough
Is Orbex Legit?
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Is Orbex Legit?

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.

AccountSpreadCommissionOpen
StandardfloatingNoneOpen Account
FixedfixedNoneOpen Account
Rawfrom 0.0YesOpen Account
DemotestFreeTry Demo

Given the 2025 move offshore, test a demo and a small live withdrawal before depositing real size.

Open Demo First Open Standard Open Raw Account

Compare Accounts Visit Orbex See Education

Orbex vs Pepperstone vs IC Markets vs XM

How does Orbex compare to better-regulated rivals?

MetricOrbexPepperstoneIC MarketsXM
RegulationOffshoreFCA/ASICASIC/CySECASIC/CySEC
Spreadsfrom 0.0from 0.0from 0.0from 0.6
Max leverage1:5001:5001:5001:1000
Trustpilot3.6 (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.

Compare at Orbex →

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

★ Trustpilot 3.6 · 112 reviews
MT4/MT5 · spreads from 0.0
Try Orbex →
Orbex
Offshore forex broker since 2011
★ 3.6 / 5 · 112 reviews
Trustpilot 3.6 — now offshore
DROPPED CYSEC IN 2025
Try Orbex →

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.

Visit Orbex →

Frequently Asked Questions

As of 2026 Orbex is regulated by the FSC in Mauritius, operates via the FSA in Seychelles, and has a registered entity in St Vincent & the Grenadines. In 2025 it exited the EU and gave up its CySEC licence, so it now operates under offshore regulators only.
It is regulated, but only offshore since dropping CySEC in 2025, which means weaker investor protection than Tier-1 brokers. Its Trustpilot rating is mixed (3.6/5) with some slippage complaints. Test execution and withdrawals before depositing large amounts.
MetaTrader 4 and MetaTrader 5, with EAs, charting and mobile apps.
Spreads from 0.0 pips on the raw account, with leverage up to 1:500 and a 20% stop-out level.
In 2025 Orbex exited the EU market and relinquished its CySEC licence, shifting to offshore regulation. EU clients are largely no longer onboarded.
Forex majors and minors, precious metals, energies and major stock indices.
Yes — demo accounts let you test the platform and conditions before funding a live account.
Reviews are mixed. Some praise execution and education; others allege artificial slippage or withdrawal issues. Read a sample of recent reviews before depositing.
Standard/fixed spread accounts (no commission) and a raw account (spreads from 0.0 plus commission), with demo accounts available.
Yes — Tier-1-regulated brokers like Pepperstone and IC Markets, or the multi-regulated XM, offer comparable conditions with stronger oversight.

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