Verdict

/ 5

Orbex review

By Topbrokers Team

Updated on Jan 28, 2025

13 mins read

23 customer reviews

Overview

While there are many brokers on the market, they all offer something slightly different. Choosing a good fit for your needs and preferences can often be a time-consuming...

See full overview for Orbex

While there are many brokers on the market, they all offer something slightly different. Choosing a good fit for your needs and preferences can often be a time-consuming task. However, careful consideration is vital if you want the best results, especially when your hard-earned money is involved.

Orbex is a well-established, heavily regulated broker that offers many trading instruments and account types. Its strong regulation is a major advantage as it gives you peace of mind from the start. Additionally, this broker is a good choice for all ability levels, with great educational resources for learning more. With competitive trading conditions and several platforms to choose from, Orbex is certainly a strong contender.

However, it’s important to remember that no broker suits every need. For that reason, our Orbex review aims to give you all the information you need to make an informed choice. It’s also vital to point out that Orbex doesn’t accept US or Canadian clients.

TL;DR

Orbex is a regulated forex broker offering MT4 and MT5 platforms.
Strong points include regulatory oversight, research tools, and a wide range of instruments.
Weak points include high spreads on Starter Account and high minimum deposits for premium accounts.
Best suited for traders looking for a regulated broker with comprehensive educational resources.
Consider alternatives like eToro, IG, Forex.com, or AvaTrade for comparison.

What is Orbex?

What Orbex is Best Known For

Orbex is a popular broker with strong regulatory oversight. This means it adheres to strict regulations to ensure a fair and transparent service. As an industry-leader, this broker has a strong focus on education, for both beginner and more advanced traders. You can easily learn more strategies and use analytical tools to improve your skills. Additionally, you can use algorithm trading to improve your chances of success.

This broker is also known for its range of tradable instruments and platforms, including industry-standard MetaTrader 4 & 5. There are also several accounts to choose from, so you can find the one that suits your needs the best.

Orbex’s popularity spans the globe, and the broker offers services to traders in more than 50 countries. The platform is also available in several languages for ease of use. However, US and Canadian citizens are excluded due to regulatory restrictions. The same applies to Cuba, Iran, Sudan, Syria, Japan, and North Korea.

Orbex Review What it’s known for Orbex is a quality broker for both beginner and advanced traders — Image Credit: Orbex
Orbex is a highly regulated, reliable broker for your trading needs.

Features

Orbex is a feature-rich broker, allowing you to maximize your gains no matter what trading instrument you choose. A range of trading platforms allows you to personalize your trades, and these are all packed with individual tools. Access to the Trading Central portal is another advantage, allowing you to look for potentially successful trades with ease.

From a basic point of view, Orbex offers several account types with varying minimum deposit requirements. It allows you to trade with several instruments, including forex, indices, commodities, and cryptocurrencies. Competitive spreads start from 0.8 pips for major forex pairs, with easy and free withdrawals.

From a peace of mind point of view, Orbex provides negative balance protection and segregated funds. As a result, you can be sure that your funds are safe and secure.

We will explore the pros and cons in more detail shortly, but again, remember that US and Canadian residents cannot use Orbex.

Pros

To start our Orbex review, let’s first look at the pros of choosing this broker.

Strong Regulatory Oversight

One of the most important things to consider when choosing a broker is who it’s regulated by. Some entities are stronger than others, and you need the best protection to ensure your personal information and money are secure. Orbex is regulated by Mauritius Financial Services Commission (FSC) and the Seychelles Financial Services Authority (FSA).

Security and safety are two priorities for Orbex and it offers SSL encryption along with negative balance protection. This means that in the event of any market volatility, you won’t lose more money than what is in your balance. These are all elements which give you peace of mind when trading your hard earned cash.

Several Trading Platforms Offered

Orbex offers several trading platforms, allowing you to choose the one that suits your needs best. These are ideal for both beginner and advanced traders.

MetaTrader 4 is a very popular platform for several reasons. It is extremely easy to use, you can customize it to your needs, and it has several tools and features. You can access charts and technical indicators to help you identify the best trades. The updated version is MetaTrader 5, which has extra features and a more modern interface. With this platform, you can use multiple order types and execution modes. This is the best platform for traders with some previous experience.

Orbex also offers a web-based platform called WebTrader. This allows you to access your accounts as long as you have an online connection. You don’t need to download or install software. This platform is very easy to use and suitable for beginners or advanced traders.

If you prefer on-the-go trading, the mobile app is a good choice. Available on both iOS and Android, you can find real-time market data and execute trades wherever you are.

Several Account Options

Different accounts offer various trading conditions and advantages. That’s why it’s important to choose the right one for you. Orbex offers several accounts, including a demo account. This is a good choice for beginners because it allows you to test your skills without risking your money. The next choice is the Basic/Starter account. Again, this is a good option for beginners who want to use small amounts for their first trades. The minimum deposit is $100, with zero commission, and you can access all platforms and tools with this account.

The Premium account requires a minimum deposit of $500, so it’s better for experienced traders. This account charges $8 commission per lot and spreads from 0.0 pips. Opting for this account also gives you access to a one-to-one training session.

Finally, the Ultimate account is the best bet for advanced traders. With a minimum deposit of $25000, this account has the potential for big gains. Spreads start at 0.0 pips and commission is $5 per lot. You also have access to advanced education tools and three one-to-one training sessions.

It’s vital to assess your needs carefully before choosing an account. Doing so will give you the best chance of minimizing your trading costs and maximizing your gains.

Comprehensive Educational Resources

One of Orbex’s major advantages is its range of educational resources on offer. Access to these depends on the type of account you choose, but even the Starter account allows for basic resources. You’ll find webinars, seminars, video tutorials, and eBooks. These cover a range of subjects, including technical and fundamental analysis, risk management, and trading psychology for all ability levels.

If you sign up for the Premium or Ultimate accounts, you can also have one-to-one training sessions with professionals.

Competitive Spreads on Stocks and Cryptocurrencies

Successful trades are more likely when you have good trading conditions. Orbex offers competitive spreads on cryptocurrencies and stocks in particular. However, you can also trade in forex, with over 50 currency pairs, metals, stocks, energy products, indices, and commodities.

Spreads are variable on the Starter account but begin at 0.0 pips for more advanced account options. Leverage also sits at 1:500, which is ideal for experienced traders looking to take advantage of minimal market movements.

If you’re interested in cryptocurrency trading, Orbex offers low commission rates and covers a large range of digital currency types.

Free VPS on all Accounts

Orbex allows you to use a free VPS on all accounts. This is ideal for algorithmic traders in particular as it means your trading schedule is never interrupted. The other plus point of using a VPS is that you are protected against online threats and internet connection disruptions.

Not all brokers offer a VPS service so this is certainly an advantage.

Orbex review pros: Orbex offers a free VPS for all account types. — Image Credit: Orbex
A VPS allows you to trade securely and reliably, even when your computer is switched off.

Cons

No broker is without its downsides, and that includes Orbex. To give you a balanced Orbex review, we will now explore the disadvantages of choosing this broker.

Variable Spreads on Starter Account

While the Starter account is a great choice for beginners, it does offer variable spreads, which can sometimes be high. This isn’t the best situation for gains, and some other brokers offer better spreads on beginner-focused accounts.

The Premium and Ultimate accounts both offer 0.0 pips but minimum deposits and commission rates are higher, making them unsuitable for beginners.

High Minimum Deposits for Premium and Ultimate Accounts

Premium and Ultimate accounts may offer the chance to earn bigger gains but they also require quite substantial minimum deposits. Compared to a regular $100 minimum deposit for the Starter account, the Premium account requires $500. Even more substantial, the Ultimate account requires a minimum deposit of $25000.

While the chances of big gains are more likely with the Ultimate account, not all traders will have this much money to use initially. For that reason, it may be best to look at advanced accounts with lower minimum deposits with other brokers.

Some Users Reported Withdrawal Issues

While not a constant issue, some users have reported issues with withdrawals, resulting in delays from time to time. In general, withdrawals take 3-5 business days for Visa, Mastercard, and wire bank transfers. For other options, such as Skrill and Neteller, up to 24 hours.

While this is the general timetable, during particularly busy times these withdrawals can be a little slower. Obviously, this is frustrating when you’re waiting for money to hit your account.

Not Available for US and Canadian Residents

We’ve mentioned this previously but it’s an important point to reiterate. Due to regulatory restrictions, Orbex is not available to US and Canadian residents.

Criteria Evaluation

Regulation and Trust: 4/5

Trading Platforms: 4/5

Account Types: 3.5/5

Trading Instruments: 4/5

Spreads and Fees: 3/5

Customer Support: 4/5

Educational Resources: 4.5/5

Deposit and Withdrawal Options: 4/5

User Reviews: 3.5/5

Community Reviews and Expert Recommendations

When choosing a broker, it’s important to read reviews from previous users and industry experts. That way, you can find out the truth behind the potential marketing material. When putting together our Orbex review, we explored several user reviews and found that most were positive. Most users praise the educational resources and state that they are able to learn a lot and improve their skills with ease. The range of tradable instruments and choice of platforms is also something which many users highlight.

However, some users are dismayed about the higher spreads on the Starter account compared to the Premium and Ultimate options. Many feel that this restricts their potential for gains. Another negative point is occasional issues with withdrawals taking longer than expected. However, this is only an occasional problem and certainly not the norm.

Industry experts feel that Orbex has a lot to offer, especially with its strong regulation and great educational resources. Despite that, they agree that the high spreads on the Starter account are challenging for new users.

On the positive side, both users and experts agree that Orbex has excellent customer support. This is available via live chat, phone, and email.

Orbex offers three main account types, with the Starter account best for beginners. — Image Credit: Orbex
Getting started with Orbex is easy, but it’s important to choose your account carefully.

Price

Orbex doesn’t charge any monthly fees for its accounts. However, there are commissions charges depending on the account you choose and your specific trade. The Starter account is commission-free, but the Premium or Ultimate accounts charge commission. This is 8% per lot for the Premium account and $5 per lot for the Ultimate.

There are no fees for withdrawals.

Alternatives to Orbex

If after reading this Orbex broker review you feel that it isn’t the best choice, there are several alternatives. Here are some highly rated brokers to consider.

FxGlory

Experienced traders may find FXGlory a good choice thanks to its high leverage levels, up to 1:3000. Of course, higher leverage also means higher risk, so it’s important to consider this before making a decision. This broker doesn’t charge commission, however it does have limited payment options, which could be an issue for you. For more information, read our FXGlory review.

Libertex

Libertex is a reputable broker that offers affordable trading for all ability levels. It gives access to the MetaTrader 4 & 5 platforms, as well as a mobile app. For peace of mind, this broker is regulated by CySEC, which is a top-tier regulatory body. You can read our IQ Option Vs Libertex review for more information.

NordFX

If you’re looking for a broker with high regulation and a range of features, you should consider NordFX. This broker offers competitive spreads and multiple trading platforms. However, it does lack a range of educational resources. You can find out more in our NordFX review.

IC Markets

Beginner traders looking to learn and improve their skills may find IC Markets fits their needs. This broker offers a large range of training aids and resources. It also has low average spreads and competitive trading conditions. Deposits and withdrawals are also free. Read our IC Markets review for more information.

From our Orbex review, we find that, Orbex is a well-regulated, feature-rich broker to suit all ability levels. — Image Credit: IntelligentHQ
Successful trading is made easier by choosing the right broker for your needs.

Final Thoughts

Finding a broker to fit your needs takes time but with plenty of information behind you, you’re equipped to make an informed decision. In our Orbex review, we have covered a lot of ground. We’ve talked about regulation, pricing, accounts, platforms, and other features. Overall, Orbex performs very well and its quality regulation makes it stand out as a trustworthy option.

Orbex is also a good choice for beginners who want to learn more about trading, while experienced traders can hone their skills. The range of educational resources is up there with some of the best. There is also a range of trading instruments and many trading platforms to choose from.

The biggest downsides of Orbex are the high costs for entry-level traders. This can make getting started challenging, although the Starter account is commission-free. Minimum deposit amounts are also very high for Premium and Ultimate accounts, which could alienate some traders.

Overall, Orbex’s user experience is positive but it’s important to weigh up the pros and cons before making a personal decision. If this doesn’t seem to be your ideal fit, there are many other brokers out there. You can also check our resources for more information, including our guide to the highest leverage forex brokers.

At Top Brokers, we understand how confusing it can be to find the best broker. For that reason, we have a range of articles and resources on hand to help you along the way with your trading endeavors.

Countries

+219

Devices

Our Verdict

4.5

/ 5

See our process of evaluating brokers

Commissions & Fees

4.5

/ 5

Deposit & Withdrawal

4.2

/ 5

Customer Support

4.5

/ 5

Account Opening

4.8

/ 5

Regulation & Safety

4.5

/ 5

Our 5-step process of verification and evaluation – How do we obtain information?

General inspection – 30%

Trading experience – 30%

Technical audit – 20%

Collective experience from collaborations with the broker – 10%

Interviews with real traders – 10%

See the entire process here.

Pros

Strong Regulatory Oversight
Several Trading Platforms Offered
Several Account Options
Comprehensive Educational Resources
Competitive Spreads on Stocks and Cryptocurrencies
Free VPS on all Accounts

Cons

Variable Spreads on Starter Account
High Minimum Deposits for Premium and Ultimate Accounts
Some Users Reported Withdrawal Issues
Not Available for US and Canadian Residents

General details

Type of accounts

Unlimited Demo Accounts

Standard Accounts

VIP accounts

Trading platforms

METATRADER 4

METATRADER 5

Execution Model

ECN

Deposit currency

USD

EUR

Regulatory compliance

CySEC

Deposit payment systems

Withdrawal payment systems

Support Languges

English

Arabic

Bengali

Spanish

Chinese

German

Polish

Russian

Japanese

Auto trading

MQL.5 Signals MT4 EA MT5 EA

Contact details

[email protected]

Customer reviews

Read real reviews from traders all over the world:

Jeff Warren

30 January 2023

Advantages: In the comments it is written in detail

Disadvantages: No any

When it comes to Forex trading, the forex brokerage company you choose can have a significant impact on your success. The company you use determines whether you will have an advantage or disadvantage in your trades. If you want to get favorable trading conditions and favorable spreads. This company provides both, not just technical support and liquidity. The broker should also work with his clients in such a way that they feel reliable and trustworthy.

James Lewis

27 January 2023

Advantages: A reputable online forex broker that offers traders many advantages. With this broker, traders can take advantage of leverage to increase their profits, narrow spreads to improve trading opportunities and excellent technical support to meet all their trading needs.

Disadvantages: None

Provides its users with a secure platform for confident trading. It also offers educational resources and tools to help traders hone their skills and stay ahead of the competition. With this broker, forex traders can enjoy all the benefits of an experienced broker without any hassle and risk.

See all 23 customers reviews

Accounts

Type of Trading Accounts on Orbex

Orbex offers a range of trading accounts designed to cater to the needs of traders of different levels of experience and trading styles. Let’s take a closer look at each of these account types:

Demo Account: This account type is ideal for novice traders just starting with trading or experienced traders who want to test their strategies in a risk-free environment. With Orbex’s demo account, traders can practice trading with virtual funds, allowing them to test different strategies and get familiar with the trading platform before trading with real money.
Basic/Starter Account: This account type is designed for traders who are just starting with trading or for those who prefer to trade with smaller amounts. With a minimum deposit of $200, traders can access all the trading instruments and tools available on Orbex’s trading platform.
Premium Account: The premium account is designed for traders who have some experience with trading and are looking to take their trading to the next level. With a minimum deposit of $5,000, traders can enjoy additional features such as a personal account manager, priority access to customer support, and lower spreads.
VIP Account: The VIP account is designed for professional traders who require a more personalized trading experience. With a minimum deposit of $25,000, traders can enjoy features such as custom trading conditions, a dedicated account manager, and other exclusive benefits.
Institutional Account: This account type is designed for clients requiring access to institutional-grade trading conditions and liquidity. Orbex offers a range of customizable solutions to meet the specific needs of institutional clients.

ECN Advanced - Orbex

Trading Platforms

METATRADER 4 Meta Trader 4 Mobile

Deposit currency

USD

EUR

Minimum position size

0.5 units

Execution type

market

Spread type

Floating

Decimal places

Commission

6 USD for 1 lot

Other

Swap free

VIP account

Phone trading

Scalping

Hedging

Spread type

Trading with expert

Trading 24 hours a day

Trailing stop

Interest on free balance

Mailing the documents

ECN Standard - Orbex

Trading Platforms

METATRADER 4 Meta Trader 4 Mobile

Deposit currency

USD

EUR

Minimum position size

0.01 units

Execution type

market

Spread type

Floating

Decimal places

Commission

10 USD for 1 lot

Other

Swap free

VIP account

Phone trading

Scalping

Hedging

Spread type

Trading with expert

Trading 24 hours a day

Trailing stop

Interest on free balance

Mailing the documents

Universal Advanced - Orbex

Swap-free account

Availability of a VIP account

Trading Platforms

METATRADER 4 Meta Trader 4 Mobile

Deposit currency

USD

EUR

Minimum position size

0.1 units

Execution type

market

Spread type

Floating

Decimal places

Commission

Not

Other

Swap free

VIP account

Phone trading

Scalping

Hedging

Spread type

Trading with expert

Trading 24 hours a day

Trailing stop

Interest on free balance

Mailing the documents

Universal Standard - Orbex

Swap-free account

Trading Platforms

METATRADER 4 Meta Trader 4 Mobile

Deposit currency

USD

EUR

Minimum position size

0.1 units

Execution type

market

Spread type

Floating

Decimal places

Commission

Not

Other

Swap free

VIP account

Phone trading

Scalping

Hedging

Spread type

Trading with expert

Trading 24 hours a day

Trailing stop

Interest on free balance

Mailing the documents

Universal Mini - Orbex

Swap-free account

Trading Platforms

METATRADER 4 Meta Trader 4 Mobile

Deposit currency

USD

EUR

Trading instruments

Forex

1:500

Minimum position size

0.01 units

Execution type

market

Spread type

Floating

Decimal places

Commission

Not

Other

Swap free

VIP account

Phone trading

Scalping

Hedging

Spread type

Trading with expert

Trading 24 hours a day

Trailing stop

Interest on free balance

Mailing the documents

Tradable instruments

Tradable instruments on Orbex trading platforms include:

Precious metals
Energy

Currencies

Indices

N/A

Cryptocurrencies

N/A

Frequently asked questions

Find the right answer to your question below.

Is Orbex a reliable forex broker?

Orbex has good regulatory status and it is a popular broker worldwide. You have peace of mind from the start and extras like negative balance protection add to the situation. This regulation tells you that Orbex complies with strict measures and offers total transparency.

What trading platforms does Orbex offer?

Orbex offers several high quality trading platforms. This includes industry-standard MT4 & 5, along with their range of tools and features. For more information, you can read our MetaTrader 4 review. Additionally, there is also a web-based platform, WebTrader, and an app for trading on-the-go.

What are the minimum deposit requirements for Orbex?

While Orbex doesn’t charge monthly fees for their accounts, they do have quite significant minimum deposit requirements. The Starter account is the only exception here, with regular $100 minimum deposits. However, the Premium and Ultimate accounts have quite high requirements. The Premium account requires a minimum deposit of $500, and the Ultimate asks for $25000.

Does Orbex offer educational resources for beginners?

One of Orbex’s top features is its range of educational resources for all ability levels. Beginners can access basic resources, such as eBooks, video tutorials, and webinars. However, if you sign up for the Ultimate or Premium accounts you can access advanced resources. This includes one-to-one training sessions.

What types of trading instruments are available with Orbex?

There are many tradable instruments available through Orbex. These include forex, cryptocurrency, commodities, stocks and indices. This broker also offers a large range of cryptocurrency options, with the main digital currencies included.

Another plus point is the ability to trade any of these instruments through a VPS (Virtual Private Server). This gives you extra security but also means that your trading strategy continues whether your computer is switched on or you’re offline. You can read our best forex VPS article here.

Top 5 similar brokers See all similar brokers