Orbex Review 2026

The basic trading model

Orbex is an ECN/STP broker with floating spreads and execution through third-party MetaTrader 4 and MetaTrader 5 platforms. Its tradeable categories include forex, cryptocurrencies, commodities, stocks and indices. Stock exposure is mainly through CFDs rather than share ownership; crypto exposure is generally through leveraged derivatives rather than wallet ownership.

Account choice determines the entry deposit and pricing structure. Starter uses spreads from 1.5 pips with no commission; Premium and Ultimate offer raw spreads from 0.0 pips with per-lot commissions. Orbex also offers copy trading and social trading.

Important regional differences

Maximum leverage reaches 1:500 on Forex pairs across the FSA Seychelles and FSC Mauritius entities. Investor compensation differs: EU residents have up to $22,000 of Cyprus ICF coverage, while statutory fund coverage is $0 under the FSA Seychelles or FSC Mauritius entities. Account jurisdiction therefore affects protections and should be checked before funding.

Trading costs

Orbex uses floating spreads. The figures below are average spreads, not minimum or advertised spreads. The Starter account has no commission; Premium charges $8 per lot round-turn and Ultimate charges $5 per lot round-turn, with raw spreads from 0.0 pips on both.

The Starter account has spreads from 1.5 pips and no commission. Premium and Ultimate have raw spreads from 0.0 pips, but their commissions and minimum deposits are higher. The published average-spread figures are not account-specific, so they should not be treated as a precise estimate of the cost for every account.

Non-trading costs

Orbex charges a $20 monthly inactivity fee, or the currency equivalent, after 180 consecutive days without trading or funding transactions. Overnight swap fees apply. Orbex charges no deposit fee, withdrawal fee or currency conversion fee; third-party or local-gateway fees may still apply to payments.

Cost takeaway

Starter keeps the entry deposit and commission lower, while the raw-spread accounts may suit traders who prefer paying a per-lot commission and can meet the higher deposit thresholds. Frequent overnight positions should account for swap fees, and infrequent users should consider the inactivity charge after six months without trading or funding.

Account options

The practical choice is between Starter’s lower entry requirement and the raw-spread options. Premium lowers the entry threshold for raw-spread pricing compared with Ultimate, while Ultimate requires a substantially higher deposit and has a lower per-lot commission.

Platform choices

Both platforms offer desktop, web and mobile access. Automation and testing capabilities are centered on desktop or VPS use rather than browser and mobile clients. Orbex’s mobile app is for account management only, so it is separate from the MT4 and MT5 trading apps.

Base currency and account configuration

Account base currencies are USD, EUR, GBP and PLN. Orbex offers demo and Islamic accounts. A free VPS is available to accounts maintaining a $500+ balance and trading at least 3 standard lots per month.

Orbex offers leveraged market exposure across five categories. The product form matters: stock exposure is mainly through CFDs, while cryptocurrency exposure is generally through leveraged derivatives rather than ownership of coins in a wallet.

Order execution

Trading runs through MT4 and MT5, with no proprietary platform. Slippage may occur in volatile markets and on stop orders. Orbex does not give an execution-speed figure in its broker specifications, so traders should not treat platform availability as a measure of execution quality.

Leverage, margin and stop-out

Maximum leverage reaches 1:500 on Forex pairs across the FSA Seychelles and FSC Mauritius entities. The margin-call alert triggers when equity falls to 100% of required margin. On MT4 and MT5 accounts, automatic position liquidation triggers at a 20% margin level. These thresholds are relevant when managing leveraged positions, as liquidation can occur before equity reaches zero.

Trading restrictions

Orbex allows scalping, hedging and news trading. The minimum lot size is 0.01. API trading is available, and MT4 and MT5 support desktop automation through their respective Expert Advisor environments.

Day-to-day usability

MT4 and MT5 are available on desktop, web and mobile. The Orbex Mobile App is for account management only. Traders who need to build, test or run full custom-code automation will need the desktop or VPS environment; browser and mobile clients are primarily for trading and monitoring.

1. Eligibility

Orbex restricts clients from the United States, Iran, North Korea, Indonesia, Mauritius and Romania. Account terms and protections can differ by legal jurisdiction.

2. Registration

Choose among Starter, Premium and Ultimate, with minimum deposits of $100, $500 and $25,000 respectively. MT4 and MT5 are the trading platforms. Demo and Islamic accounts are also available.

3. Verification

Orbex requires KYC verification. No specific identity documents or verification timetable are stated here.

4. Initial funding

Orbex’s account minimum starts at $100 for Starter, but the payment-method minimums shown for the supported deposit routes are $200. Check the payment route and account requirement before sending funds.

5. Getting ready to trade

Once the account is ready, traders can use MT4 or MT5 on desktop, web or mobile. The minimum trade size is 0.01 lot. Free VPS access requires a $500+ account balance and at least 3 standard lots traded per month.

Deposits

Method	Minimum	Broker Fee	Broker Processing	Expected Settlement
Mastercard	$200	No broker deposit fee for online payments, gateway/bank fees may apply	Instant	Instant
Visa	$200	No broker deposit fee for online payments, gateway/bank fees may apply	Instant	Instant
Skrill	$200	No broker deposit fee for online payments, gateway/bank fees may apply	Instant	Instant
Wire Transfer	$200	No broker deposit fee for online payments, gateway/bank fees may apply	2–5 business days	2–5 business days

The listed payment-method minimums are $200, which is higher than the $100 Starter account minimum. Online payments are processed instantly, while the bank-wire route takes 2–5 business days.

Withdrawals

Method	Minimum	Broker Fee	Broker Processing	Expected Settlement
Mastercard	$50	0% on most standard methods, third-party/local-gateway fees may apply	About 3–5 business days	About 3–5 business days
Visa	$50	0% on most standard methods, third-party/local-gateway fees may apply	About 3–5 business days	About 3–5 business days
Skrill	$50	0% on most standard methods, third-party/local-gateway fees may apply	Up to 24 hours	Up to 24 hours
Wire Transfer	$200 for bank-wire profit withdrawals	0% on most standard methods, third-party/local-gateway fees may apply	About 3–5 business days	About 3–5 business days

Withdrawal times vary by route: one method has processing and settlement of up to 24 hours, while the others take about 3–5 business days. Most standard methods carry a 0% broker fee, although third-party or local-gateway fees may apply.

Availability

Orbex customer support operates 24/5 through live chat, email and phone, in English and Arabic.

How traders can get help

For written support, contact [email protected]. Phone support is available at +230 467 2000. Live chat is also offered during the stated support hours.

Support limitations

Customer feedback is mixed. Some users report quick responses and practical guidance, while others describe problems with deposit or funding support and unclear communication. The overall balance of feedback is negative, with follow-through the main concern.

Orbex’s protections depend on the jurisdiction governing an account. Cyprus ICF coverage of up to $22,000 applies to EU residents; statutory fund coverage is $0 under the FSA Seychelles or FSC Mauritius entities. These protections should not be treated as interchangeable across regions.

Legal entities and regulators

Orbex identifies Mauritius and Saint Lucia as regulator jurisdictions, and its maximum Forex leverage applies across FSA Seychelles and FSC Mauritius entities. The protections and jurisdictions are not uniform, so the contracting entity matters.

Client money protections

Orbex segregates client funds and offers negative balance protection. Cyprus ICF coverage of up to $22,000 is for EU residents. Statutory fund coverage is $0 under the FSA Seychelles and FSC Mauritius entities; the ICF protection should not be assumed to apply to those accounts.

Company transparency

Orbex was founded in 2011 and is not publicly traded. It operates through third-party MT4 and MT5 platforms rather than a proprietary trading platform.

Important distinction

Segregation, negative balance protection and compensation arrangements concern client money or liabilities under specified conditions. They do not protect against losses from market movements or unsuccessful trades.

What the headline claim suggests

Orbex combines a $100 account entry point with maximum Forex leverage of 1:500. Those figures can make the initial setup appear straightforward, but they do not describe every practical cost or protection attached to an account.

What happens in practice

The supported deposit routes have a $200 minimum, even though Starter’s account minimum is $100. The raw-spread tiers require $500 or $25,000 and add a per-lot commission. Jurisdiction also changes the protection picture: EU residents have up to $22,000 of Cyprus ICF coverage, while statutory fund coverage is $0 under FSA Seychelles or FSC Mauritius entities.

Who should care most

This matters most to traders comparing the account minimum with the amount they must send through a particular payment route, and to anyone who assumes that high leverage or one protection arrangement applies to every Orbex account.

Practical example

A trader choosing Starter faces a $100 account minimum, but each supported deposit route has a $200 minimum. A trader choosing Premium instead needs at least $500 and pays $8 per lot round-turn; Ultimate requires $25,000 and charges $5 per lot round-turn.

Consider Orbex if you...

• Want to use MT4 or MT5 across desktop, web and mobile.
• Value educational material such as webinars, videos, ebooks and quizzes.
• Want to choose between a no-commission Starter account and raw-spread accounts with per-lot commissions.
• Need features such as scalping, hedging, news trading or desktop Expert Advisors.

You may want to look elsewhere if you...

• Require a proprietary trading platform.
• Need statutory fund coverage under the FSA Seychelles or FSC Mauritius entities.
• Cannot meet the $200 minimum attached to the supported deposit routes.
• Expect consistently clear funding support, given negative feedback about follow-through and communication.

Orbex’s strongest proposition is a choice of three MT4/MT5 account tiers, supported by educational resources and several trading tools. Its biggest compromise is that payment minimums can exceed the account entry minimum, while investor protection varies materially by jurisdiction. Traders comfortable checking their contracting entity and choosing a tier around its deposit and commission terms are most likely to accept that trade-off.

This review considers account terms, spreads and commissions, platform features, product structure, funding conditions, support and the protections attached to different jurisdictions. Broker specifications, regulator records and customer feedback are treated as distinct kinds of information; no personal trading test is claimed here. For more detail on how brokers are assessed, see our review methodology.