Orbex
CySEC-regulated broker with 347 instruments and zero-spread Ultimate tier.
- CySEC license #37624 — tier-2 EU oversight
- 347 instruments including 251 stock CFDs across US, UK, and European markets
- Four account tiers including a zero-spread Ultimate account
- Operating since 2010 — 15-year operational history
What we liked & What we didn't
What we liked
- +CySEC oversight — meaningful regulatory recourse
- +Wide stock CFD selection (251 names across US, UK, EU)
- +Ultimate account offers raw spreads from 0.0 pips
- +MT4 and MT5 both supported with full licenses
- +Established 15-year track record
What we didn't
- −Ultimate account requires $25,000 minimum deposit
- −Starter MT4 spreads from 1+ pip are wider than ECN-focused peers
- −No cTrader or proprietary platform option
Overview
Orbex is a Cyprus-headquartered forex and CFD broker founded in 2010 by Abdullah Abbas. The broker holds a CySEC license (#37624) plus offshore licenses from Mauritius FSC and the Seychelles FSA. With 347 tradable instruments — heavily weighted toward US and European stock CFDs — Orbex sits in the broader, CySEC-regulated mid-tier segment.
Regulation & safety
The headline regulator is CySEC, license #37624. This provides EU clients with the standard CySEC package: Investor Compensation Fund coverage up to €20,000, segregated client funds, and aligned conduct rules. The Mauritius FSC license (#C118023330) and Seychelles FSA registration (#SD110) cover offshore clients.
Account types & minimum deposit
Four account tiers across MT4 and MT5:
- Starter MT4 — $50 minimum, spreads from 1+ pip with commission
- Turbo MT4/5 — spreads from 0.1 pips, commission per lot
- Premium MT5 — $300 minimum, no commission with tight spreads
- Ultimate — $25,000 minimum, zero spread with $5/lot commission
Fees, spreads & costs
Starter is the entry tier; Turbo and Premium are the daily-driver options for active retail traders; Ultimate is for high-volume scalpers and algos that need the tightest possible execution. The Premium MT5 account at $300 minimum is generally the best price-performance fit for typical retail volumes.
Trading platforms
MT4 and MT5 with full licenses, including web variants and mobile apps. No cTrader or proprietary platform. Multi-terminal MT4 is available for managers running multiple accounts.
Asset class coverage
347 instruments total:
- 47 forex pairs
- 251 stock CFDs (205 US, 32 UK, 14 European)
- 26 indices (10 spot + 16 futures)
- 11 cryptocurrencies
- 5 energy contracts
- 4 metals
- 3 agricultural commodities
Maximum leverage is 1:500 — moderate by offshore standards, standard for CySEC-regulated entities serving non-EU clients.
Deposits & withdrawals
Standard rails: bank transfer, credit/debit cards, e-wallets, plus cryptocurrency deposits (USDT, BTC). Deposits typically clear within 1 business day; withdrawals follow the same rails.
Customer support
24/7 support via Telegram bot, email, ticketing, and phone. Response times average a few minutes on Telegram, longer on email.
Verdict — who is Orbex for?
Orbex is for traders who want CySEC oversight, broad stock CFD coverage, and the option to scale into a zero-spread tier without changing brokers. The $50 entry point is competitive; the Ultimate tier is for serious volume.
It's not the broker for someone who wants the deepest platform choice or the very tightest forex spreads at low deposit tiers. But for CySEC-licensed access with strong stock CFD coverage, Orbex earns its spot in the consideration set.
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