Orbex is a forex and CFD broker that has operated since 2011. In July 2025 it closed its EU business and began giving up its CySEC licence, so it now serves clients only through offshore entities. Here is what that means.
Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This review is for information only and is not investment advice.
Orbex at a glance
| Operating since | 2011 |
| Current regulation | FSC Mauritius (offshore); Seychelles FSA (offshore) |
| EU status | EU business closed in July 2025; CySEC licence being renounced |
| Platforms | MT4, MT5, web terminals, Orbex app |
| Leverage | Up to 1:500 |
Regulation and safety
Orbex’s current entities include:
- Orbex Global Ltd: licensed by the FSC in Mauritius as an investment dealer (offshore).
- Orbex Limited: Seychelles FSA securities dealer (offshore).
- Orbex LLC: a company in St Vincent and the Grenadines, where forex brokers are not licensed.
- The website names different companies as the operator in different places, so check carefully which entity your agreement is with.
- The former EU entity stopped serving clients on 15 July 2025, and Orbex can no longer carry out regulated business in the UK.
Licence details above are as stated by Orbex. Always check the firm and website on the regulator’s official register before you open an account, and confirm which entity your account will be held with. Regulation does not protect you against trading losses. See our guide: How to check if a broker is legitimate.
Products and platforms
- CFDs on forex, commodities, metals, stocks, indices, futures and crypto (around 400 instruments).
- PAMM and copy trading.
- Platforms: MetaTrader 4, MetaTrader 5, web terminals and the Orbex app.
Accounts and fees
- Starter: $100 minimum deposit, spread only.
- Premium: $500 minimum deposit, spreads from 0.0 pips plus commission.
- Ultimate: $25,000 minimum deposit, lower commission.
Fees, spreads and minimum deposits vary by region and account type and can change at any time. Check Orbex’s current pricing pages for your country before trading.
Leverage
Orbex offers leverage of up to 1:500 through its offshore entities. There is no longer any EU-regulated offer with retail leverage caps. Higher leverage increases both potential gains and losses. Read Can you lose more than you invest in forex?.
Things to be aware of
- Orbex left the EU in 2025, so EU and UK residents no longer have a regulated Orbex option.
- All clients are now served by offshore entities, with fewer protections than major regulators.
- The website is not consistent about which company operates the service.
Pros and cons
Pros
- Choice of account types
- MT4, MT5 and copy trading
Cons
- No longer EU-regulated
- Offshore entities only
- Inconsistent operator information
Who might consider Orbex?
Since its EU exit, Orbex mainly serves clients outside Europe through offshore entities. Traders should consider whether they are comfortable with that level of regulation.
Summary
Orbex has a long history but is now an offshore-only broker after leaving the EU. Check which entity you would join and the protections available before opening an account.
Information in this review was checked against Orbex’s published information and public regulatory records in November 2026. Details change, so always confirm the current terms on the broker’s own website and the regulator’s register.
Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This review is for information only and is not investment advice.