Orbex has surrendered its CySEC license and ceased EU operations as of July 15, 2025 after roughly 14 years operating from Cyprus, now trading exclusively through offshore entities -- consistent with the 'under examination for voluntary renunciation' status on file.
| Regulated entity | ORBEX Ltd |
|---|---|
| Regulation | CySEC No. 124/10 + FSA Seychelles No. SD110 |
| Other Tier-1 regulators | None confirmed |
| Founded | 2011 |
| Headquarters | Limassol, Cyprus (historically; EU operations wound down) |
| Minimum deposit | $100 (Starter account) |
| Avg. spread (EUR/USD) | 1.5 pips |
| Platforms | MT4, MT5 |
| Instruments | Forex majors/minors plus CFDs on metals, indices and other assets (pre-exit product range); current offshore-entity offering not independently verified. |
See Orbex's full regulation dossier → · How to check whether a forex broker is regulated
Derived from the same confirmed data behind this broker's score (regulation, cost, platforms, deposit minimum) -- not a separate editorial judgment.
Via its CySEC-regulated Cyprus entity, eligible clients are covered by Cyprus's Investor Compensation Fund (ICF) up to €20,000 per person if the firm fails. Via its Seychelles FSA-licensed entity, there is no statutory investor compensation scheme -- if that entity fails, there is no guaranteed fund to recover client money from.
Beyond the headline spread and minimum deposit above. Where our research hasn't independently confirmed a specific detail, we say so rather than guess -- verify directly with the broker before relying on it.
| Account types | Historically (pre-exit): Fixed, Starter, Premium and Ultimate tiers, plus a VIP tier (minimum $25,000, dedicated account manager), Islamic/swap-free accounts, and a demo account. Note the group also operates a separate Mauritius FSC-regulated entity (Orbex Global Ltd) for non-EU clients -- most review content doesn't clearly separate the two entities' terms. |
|---|---|
| Execution model | ECN/STP, no dealing desk. |
| Withdrawals & deposits | No deposit fee stated; withdrawal fees reportedly vary by method and have drawn specific complaints -- one Trustpilot reviewer reported an unexpected EUR60 charge despite the site claiming zero fees, another reported a fee above 3.2% on Visa withdrawals. This is a real discrepancy between marketed and experienced fees worth flagging. |
| Overnight financing (swap) | Not found in detail beyond general Islamic swap-free availability historically. |
| Currency conversion cost | Not found -- no specific fee or percentage was located. |
| Inactivity fee | $20/month after six months of inactivity, per a single source not independently cross-confirmed. |
| Customer service | Trustpilot shows mixed reviews, with withdrawal-related complaints and licensing concerns on one side; Orbex has publicly responded citing its multi-regulated status and roughly 15-year history. All of this predates the CySEC exit noted above. |
| Mobile experience | Not found -- search results returned an unrelated app developer with a similar name, not Orbex the broker. |
| Educational offering | Not found in this research pass. |
See how Orbex's spread cost compares across every researched broker → · Forex broker fees explained
Is Orbex regulated?
Yes -- CySEC No. 124/10 + FSA Seychelles No. SD110. See the regulation dossier on this page for the underlying licence numbers.
Is my money protected if Orbex fails?
Via its CySEC-regulated Cyprus entity, eligible clients are covered by Cyprus's Investor Compensation Fund (ICF) up to €20,000 per person if the firm fails. Via its Seychelles FSA-licensed entity, there is no statutory investor compensation scheme -- if that entity fails, there is no guaranteed fund to recover client money from.
What is the minimum deposit at Orbex?
Our research confirms a minimum deposit of $100 (Starter account).
What trading platforms does Orbex offer?
Orbex offers MT4, MT5.
What is Orbex's average spread on EUR/USD?
Our research confirms an average EUR/USD spread of 1.5 pips. See our cost calculator to compare this across every broker we've reviewed.
When was Orbex founded?
Orbex was founded in 2011.
How is Orbex's overall score calculated?
Orbex currently scores 2.62/5 overall under our disclosed nine-category methodology -- regulation & client protection 30%, trading costs 20%, non-trading fees 10%, platforms & tools 10%, execution/trading conditions 10%, product range 5%, deposits/withdrawals 5%, transparency 5%, track record 5%. It is not a comparison to other brokers and not based on hands-on testing.
A dated log of when our own published data about this broker actually changed -- not a reconstructed history of what the broker itself did. See the full change log tool for every broker.
EU clients typically served under Central Bank of Ireland / MiFID passporting rather than a direct CySEC CIF licence -- worth confirming which entity applies to you.
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