Orbex Review 2026
Full Orbex review for Nigeria traders — regulation, spreads, fees and our honest verdict.
Regulation in Nigeria
| Regulator | FSA FSA — Seychelles Financial Services Authority (FSA) |
| Licence Number | SD010 |
| Regulated Entity | Orbex Global Ltd |
| Max Leverage (Forex) | 1:500 |
| Minimum Deposit | $200 |
| EUR/USD Spread | From 0.5 pips |
| Instruments | 400+ |
| Platforms | MT4, MT5 |
| Copy Trading | ✓ |
| Real Stocks | ✗ |
| Inactivity fee | No inactivity fee |
Verdict
Regulated by FSA (licence SD010). Minimum deposit $200. In Nigeria: maximum forex leverage 1:500.
About Orbex
Orbex was founded in 2011 and is headquartered in Limassol, Cyprus. The broker offers 400 tradeable instruments including forex pairs, CFDs on stocks, indices and commodities. It is regulated across multiple jurisdictions with a primary licence held by Orbex Global Ltd under FSA.
In Nigeria, Orbex operates as Orbex Global Ltd, authorised by FSA under licence number SD010. Nigeria traders are subject to a maximum leverage of 1:500 on forex pairs under FSA rules.
Trading Platforms
Pros
- FSA regulated — licence SD010
- 400+ instruments to trade
- Negative balance protection in Nigeria
- Platforms: MT4, MT5
- Copy trading available
Cons
- No inactivity fee
- 76% of retail clients lose money
- CFD trading — you do not own the underlying asset
- No real stock ownership
Frequently Asked Questions
Is Orbex regulated?
Orbex holds FSA licence SD010, issued to the regulated entity {entity}. This is a real, verifiable licence recorded in the official FSA public register.
What is the minimum deposit for Orbex in Nigeria?
The minimum deposit is $200. This is the amount required to open a live trading account for traders in Nigeria under FSA regulation.
What leverage does Orbex offer in Nigeria?
In Nigeria, Orbex offers maximum forex leverage of 1:500 under FSA rules. Higher leverage may be available through offshore-regulated entities.
Is Orbex safe to trade with?
Orbex is regulated by FSA, which requires segregated client funds, negative balance protection and independent audits. Regulation does not eliminate trading risk, but it provides meaningful investor protection.
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