Orbex Review 2026
Regulated broker with real licence numbers.
Orbex is a regulated CFD broker founded in 2011. It holds a CySEC licence under number 124/10.
The basics
Orbex was founded in 2011 and is headquartered in Limassol, Cyprus. It is privately owned. The broker offers CFDs on 400 instruments across forex, indices, commodities, and crypto. All positions are contracts for difference — there is no real asset ownership.
MetaTrader is available on all account types. Copy trading lets you replicate the positions of other traders automatically.
| Founded | 2011 |
| Headquarters | Limassol, Cyprus |
| Instruments | 400+ |
| Platforms | MT4, MT5 |
| MetaTrader | Yes — MT4 and MT5 |
| Copy trading | Yes |
| Real stocks | No — CFDs only |
Is Orbex safe?
CySEC-regulated brokers must keep client funds segregated, provide negative balance protection under ESMA rules, and contribute to the Investor Compensation Fund (ICF), which covers up to €20,000 per client.
| Regulator | Licence | Entity |
|---|---|---|
| CySEC | 124/10 ✓ | Orbex Ltd |
| FSA | SD010 ✓ | Orbex Global Ltd |
You can verify the CySEC licence at www.cysec.gov.cy. The registration shows the entity name, authorisation status, and full permissions list. It takes under a minute.
Orbex spreads
These are the typical spreads on Orbex's standard account. Spreads vary by market conditions and account type. ECN or raw-spread accounts offer lower spreads in exchange for a per-trade commission.
| EUR/USD | 0.5 pips pips |
| GBP/USD | 0.8 pips pips |
| USD/JPY | 0.6 pips pips |
| Gold (XAU/USD) | 20c/oz |
| S&P 500 | 0.5pt |
Orbex's EUR/USD spread of 0.5 pips pips is among the tightest available, competitive with ECN brokers.
Orbex withdrawal fee and processing time
Fee: None. Orbex does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Processing time: 1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Withdrawal requests must pass identity verification before processing. If your account is not yet fully verified (proof of identity and address submitted), expect additional delays. Verified accounts follow the standard processing times above.
Orbex minimum deposit by entity
The minimum deposit depends on which Orbex entity serves your country. Offshore entities often allow lower minimums but with less regulatory protection.
| Entity | Regulator | Min deposit | Max leverage (forex) |
|---|---|---|---|
| Orbex Ltd | CySEC 124/10 | $200 | 1:30 |
| Orbex Global Ltd | FSA SD010 | $200 | 1:500 |
Orbex vs IC Markets
| Orbex | IC Markets | |
|---|---|---|
| Primary regulator | CySEC 124/10 | ASIC 335692 |
| Min deposit | $200 | $200 |
| EUR/USD spread | 0.5 pips pips | 0.8 (std) / 0.02 (raw) pips |
| MetaTrader | Yes | Yes |
| Instruments | 400+ | 2,250+ |
| Copy trading | Yes | No |
| Withdrawal fee | None | None |
Both brokers are regulated and legitimate. Orbex suits traders who value copy trading and social features. IC Markets is better for traders who prioritise tighter spreads.
Regulation — the numbers that matter
| CySEC | 124/10 — Orbex Ltd |
| FSA | SD010 — Orbex Global Ltd |
Leverage for retail clients in the EU and UK is capped at 1:30 on major forex pairs under ESMA rules. The offshore entity offers up to 1:500, but with lighter regulatory protection.
Pros and Cons
What works
- CySEC regulated — Orbex Ltd
- MetaTrader 4 and 5 available
- Copy trading available
- No inactivity fee
- Tight EUR/USD spread from 0.5 pips
What does not work
- No real stock ownership — CFDs only
- Higher minimum deposit of $200
- High leverage only via offshore entity
The verdict
Orbex is a legitimate, regulated broker. The CySEC licence number 124/10 is verifiable on the public register. It is best suited for social and copy traders. Rating: 4.0 out of 5.
Alternatives to Orbex
If Orbex does not fit your needs, these regulated alternatives are worth comparing:
Frequently asked questions
Is Orbex safe?
CySEC-regulated brokers must keep client funds segregated, provide negative balance protection under ESMA rules, and contribute to the Investor Compensation Fund (ICF), which covers up to €20,000 per client. Orbex holds CySEC licence 124/10, which is publicly verifiable on the official register.
What is the Orbex minimum deposit?
The minimum deposit is $200. This applies to the main regulated entity. Some offshore entities may differ. See the entity table above for full breakdown.
What is the Orbex EUR/USD spread?
The EUR/USD spread on Orbex standard accounts is typically 0.5 pips pips. Spreads vary with market conditions. ECN or raw accounts offer lower spreads with a per-trade commission instead.
How long does Orbex take to process withdrawals?
1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Does Orbex charge withdrawal fees?
None. Orbex does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Does Orbex have MetaTrader?
Yes. Orbex supports both MT4 and MT5 on all account types. This allows automated trading, custom indicators, and expert advisors.