Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Orbex Pros & Cons
- ability to choose an account with a different level and type of spread;
- ability to copy trades and use trading advisors;
- protection from a negative balance.
- no list of best-trading terms for novice traders;
- There is no cent account for novice traders and traders who want to test the broker's services;
- the only trading terminal is the MT4. There is no web platform or MT5;
- the support service responds within 24 hours.
TU Expert Verdict
Orbex demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
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Orbex User Reviews
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5-star
0%
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4-star
0%
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3-star
38%
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2-star
31%
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1-star
31%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria7 /10The trading and non-trading commissions of Orbex have been analyzed and rated as having Medium fees, with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
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Is Orbex Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria9.4 /10Orbex has a safety score of 9.4/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Track record over 17 years
- Strict requirements and extensive documentation to open an account
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.5 /10Orbex offers the following account options: Demo, Standard, ECN/Raw spread, Micro, Swap Free, VIP.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Exclusive VIP account with enhanced trading conditions
- Low minimum deposit
- Standard account with balanced trading conditions
- No Cent account
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6.8 /10Orbex received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria7.5 /10Orbex offers a limited selection of trading assets compared to the market average. The platform supports 400 assets in total, including 40 Forex pairs.
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Trading Account Opening
We successfully registered an account with Orbex in 5 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at Orbex is $100.Score:We evaluated Trading Account Opening at Orbex by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.9 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Trading platforms & tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria8.7 /10Orbex received a score of 8.7/10, indicating a strong offering in terms of trading platforms and tools. The broker provides broad access to popular platforms and supports a variety of features designed to enhance both manual and automated trading.
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Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria8 /10 -
Customer Support
Score:We evaluated Customer Support at Orbex by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria6.8 /10
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FAQs
How safe is Orbex in terms of regulation and client protection?
Orbex has a safety score of 9.4/10, categorized as a high security level, and is regulated by CySEC in Cyprus (Tier-1), as well as by regulators in Mauritius and Seychelles (both Tier-3). The broker offers negative balance protection, requires KYC verification, and CySEC-regulated accounts may be covered by an investor compensation fund up to €20,000, while the Mauritius and Seychelles entities do not have specified investor protection funds in this review.
What commissions and fees does Orbex charge on forex trading?
According to the review, Orbex’s overall fee level is rated as medium with a score of 7/10, but it highlights low forex trading fees, tight EUR/USD spreads, and the absence of deposit, withdrawal, and inactivity fees. On Standard accounts, EUR/USD and GBP/USD spreads typically range from 0.1 to 1.5 pips, while RAW/ECN accounts show average spreads of 0.3 pips on EUR/USD and GBP/USD plus a $3 commission per lot.
What types of trading accounts are available at Orbex?
Orbex offers Demo, Standard, ECN/Raw spread, Micro, Swap Free, and VIP accounts, but does not provide a Cent account according to this section. The main live account options described are Starter (from $100, floating spread around 1.5 pips), Premium (from $500, spreads from 0.0 pips with $8 per lot commission), and Ultimate (from $25,000, spreads from 0.0 pips with $5 per lot commission and access to exclusive webinars).
What trading platforms and tools does Orbex provide for its clients?
Orbex supports MT4 and MT5, allowing one-click trading, trading bots (EAs), scalping, and offers 68 indicators and around 400 tradable assets, but does not provide cTrader, TradingView, or a proprietary platform. Additional tools mentioned include Trading Central, API access, and a free VPS, while a strategy (EA) builder and Autochartist are not available in this review.
What do reviews say about Orbex customer support and response times?
The customer support section describes service quality and response speed as variable, with some queries handled efficiently and others requiring follow-ups. Support is available 24/5 via online chat, phone numbers listed in the “Contact us” section, email, and a contact form, but the review notes that operators can be busy, replies may take up to 24 hours, there is no weekend support, and no phone numbers for customers from abroad are specified.
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