Forex Orbex Trading Broker Review

Performance Matrix

Main Score & Risk Matrix

#764

Score

6.7

Average

Orbex is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

License 6.9

Business 6.2

Risk Control 6.5

Software 7.2

Regulatory 6.7

Terminal Snapshot

Orbex Trading Conditions

Registered Region Cyprus

Operating Period 10-15 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@orbex.com.cy

Contact Number +35725588855

Website www.orbex.com.cy

Balanced Review

Pros & Cons

Pros

Regulated by CySEC and FSC
Over 300 forex pairs and diverse asset classes
Trading platforms: MetaTrader 4 and 5
Comprehensive educational resources and trader support
24/5 multilingual customer service

Cons

No access for U.S. and Canadian clients
Limited payment options compared to competitors
No social or copy trading features available
High minimum deposit for Premium and Ultimate accounts
Inconsistent customer support reported by users

Compliance Desk

Regulatory Licenses

9.2/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Orbex	XM	InterStellar	AvaTrade
Operating Period	10-15 years	See review	See review	See review
Region	Cyprus	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	6.7/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Orbex Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Starter Account	Beginners	Access to hundreds of tradable instruments with $0 commissions	Minimum investment of $100, suitable for small-capital practice
Premium Account	Experienced Traders	Raw spreads from 0.0 pips, provides additional educational resources	Minimum investment of $500, ideal for traders looking to enhance their skills
Ultimate Account	Aspiring Professionals	Raw spreads from 0.0 pips with lower commissions and exclusive training	Minimum investment of $25,000, designed for serious traders seeking advanced tools
Demo Account	New Traders	Practice trading with virtual funds	Available for anyone to test trading strategies without financial risk

Account Opening Process

To open an account with Orbex, follow these simple steps: First, provide personal, employment, and financial information as part of the registration process. Next, complete identity verification by submitting necessary documents, including a valid ID and proof of address. The account setup is straightforward, allowing flexibility to upgrade to a professional account later if desired.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Variable	$0 (Starter), $8 (Premium), $5 (Ultimate)	Competitive spreads for various trading styles
CFDs (Stocks, Indices, Commodities)	Variable	$0 (Starter), $8 (Premium), $5 (Ultimate)	Access to a wide range of instruments
Cryptocurrencies	Variable	0.1%	Dependent on market conditions

Other Fees

Orbex may charge various fees related to trading activities, including deposit and withdrawal fees, which can vary depending on the payment method. Inactivity fees may apply if an account remains dormant for an extended period. There may also be platform usage fees, overnight interest (swap rates), and currency conversion fees applicable based on trading preferences and activities.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Orbex is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Orbex User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

20%

3 star

60%

2 star

12%

1 star

4%

Samantha Lee

Toronto, Canada

★ ★ ★ ★ ★

I’ve been trading with Orbex for over a year now, and I’m thoroughly impressed! The execution speed is remarkable, and I rarely experience slippage. The educational resources they offer have significantly improved my trading skills. Their customer support is also responsive and helpful, which adds to my overall positive experience with this broker.

Mark Thompson

London, UK

★ ★ ★ ★ ★

Orbex has been a reliable partner in my trading journey. I appreciate the variety of trading instruments available, especially the forex pairs. The MetaTrader platform is user-friendly and packed with features. My only complaint is the withdrawal process, which can take longer than expected at times, but overall, I’m satisfied with their services.

John Carter

New York, USA

★ ★ ★ ★ ★

I had a frustrating experience with Orbex. My withdrawal took longer than advertised, and I faced issues getting timely support from their customer service. I felt left in the dark about my funds, which was concerning. I expected better communication and efficiency from a broker with their reputation.

Emily Zhang

Sydney, Australia

★ ★ ★ ★ ★

My experience with Orbex has been disappointing. After requesting a withdrawal, I received no updates for days. When I finally contacted support, they were unhelpful and dismissive. I feel like I’ve been scammed, and I regret choosing this broker for my trading activities.

Cyprus Market