Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighTwo genuine licences confirmed in force on the issuing regulators' own registers, but both are low-tier offshore, the tier-2 EU licence has been surrendered, and the entity named as operating orbex.com in St Vincent holds no licence at all.
Identity & transparency
5/10 · ModerateEntities, registration numbers and addresses are disclosed and match the registry and register records, but the site gives two different answers about which company operates orbex.com and routes payments through a Cyprus agent for an offshore principal.
Withdrawals & conduct
6/10 · HighA fund-integrity pattern meeting three of four tests, profits and balances removed and withdrawals refused, set against credible positive reviews and a company that answers 88 percent of negative reviews; no demand for an extra payment to release funds was found.
Reputation
6/10 · HighNet-positive overall at 3.6 stars across 115 Trustpilot reviews, but 26 percent are one star and the unresolved fund-integrity theme recurs across several independent platforms; no warning list names the domain.
Website claims
7/10 · HighThe claim that its SVG company is regulated by the SVG authority is false, and tier-3 offshore licensing is described as supervision by some of the most respected regulatory bodies; offset by an accurate age claim and honest removal of the surrendered CySEC licence.
Operational history
2/10 · LowVerified 16-year track record: Cyprus company incorporated 7 December 2009 and still registered, first licence October 2010, domain registered 1995, with no gap between the advertised and evidenced history.
Who they are
A quick desk file on the company behind the brand.
- Brand: Orbex
- Legal entities: Orbex Global Ltd (Mauritius, holds the FSC Investment Dealer licence and is named as the operator of orbex.com), Orbex Limited (Seychelles, holds the FSA Securities Dealer licence), Orbex Limited (Cyprus, HE 258884, the former EU investment firm), Orbex Services Ltd (Cyprus, HE 387329, payment agent, formerly Orbex Holding Ltd), Orbex LLC (St Vincent and the Grenadines, 230 LLC 2019), with Orbex Group Limited named as holding company
- Registered: Suite 207, 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebene, Mauritius. The Cyprus entity is at 82nd Street No. 6, 4153 Kato Polemidia, Limassol
- Website: orbex.com, with orbex.com.cy as the CySEC-approved domain and orbexchina.com and orbexmena.com as regional sites
- Licences: FSC Mauritius Investment Dealer C118023330 and Seychelles FSA Securities Dealer SD110. The Cyprus CIF licence 124/10 is being surrendered
- Offers: CFDs on forex, indices, commodities, metals, shares and cryptocurrencies on MetaTrader 4 and 5, plus a FIX API, PAMM accounts and swap-free accounts, with leverage up to 1:500
- Not accepted: residents of the United States, Iran, North Korea, Mauritius and Romania, per the site's own risk warning
- Age claim: trusted since 2011 and over ten years of service. This checks out and is if anything conservative: the Cyprus company dates from December 2009
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: Yes
We confirmed this broker on a genuine regulator’s register.
Licences the broker publishes
Financial Services Commission (FSC) Mauritius
Financial Services Authority (FSA) Seychelles
Financial Services Authority, St Vincent and the Grenadines
Found by our investigation (1) — the broker does not list these on its own site
Cyprus Securities and Exchange Commission (CySEC)
Found by us — not listed by the broker
Why we reached this verdict
How the evidence adds up.
We could not clear this broker and we could not condemn it. Three things sit on the risk side of the ledger, and all three are documented rather than inferred.
- The protection that mattered most is gone. Orbex held a Cyprus investment firm licence from 21 October 2010 and used it to serve the EU under passport for roughly fifteen years. It gave that up in July 2025 and told clients to close positions and withdraw. The CySEC register still carries licence 124/10 as under examination for voluntary renunciation. Everything that came with EU authorisation, the investor compensation fund, negative balance protection as a legal requirement, and a supervisor with real enforcement teeth, went with it.
- One regulatory claim on the site is simply not correct. The regulations page states that Orbex LLC is regulated by the Financial Services Authority in SVG. St Vincent and the Grenadines issues no forex licences at all, and its authority has said publicly that it neither regulates nor licenses business companies or LLCs involved in forex trading or brokerage. Presenting a company registration as regulatory supervision is the kind of claim that misleads exactly the reader who is trying to be careful.
- The same page cannot decide who your counterparty is. One paragraph says orbex.com is operated by Orbex Global Limited, the Mauritius entity that actually holds a licence. Another says orbex.com is operated by Orbex LLC in St Vincent, with a Cypriot company, Orbex Services Ltd, acting as its payment agent. A client depositing money is entitled to know which company owes it back, and the answer is not on the page.
- Client complaints point at money, not just service. The dominant theme is not spreads or slow support. It is balances and profits being removed on grounds of alleged trading-policy or arbitrage abuse, and withdrawals then delayed or refused. Reviewers give dates and figures, including a trader reporting 4,900 euros unpaid, and the same mechanism recurs on more than one platform, so we record the pattern as strong on three of the four tests we apply.
What holds the verdict back from anything worse is that the substance of the business is real and verifiable, and we checked it rather than assuming it. The FSC Mauritius register confirms Orbex Global Ltd as an Investment Dealer licensed on 7 January 2019, at the same Ebene address the company publishes. The Seychelles FSA register lists Orbex Limited and records an @orbex.com email against the licensee, which ties the licence to this exact website at the regulator's own level. The Cyprus registrar confirms Orbex Limited, HE 258884, incorporated 7 December 2009 and still registered rather than struck off. A live MetaTrader server exists in the broker's own name. No warning list anywhere names orbex.com, and the group removed its CySEC claim from the site once the licence was surrendered instead of continuing to trade on it.
One near miss is worth recording, because it would have changed the answer if we had taken it at face value. BaFin published a warning in 2022 about orbex24.com. That is a different domain and a different operation, and none of it belongs to this broker.
The published figure of 57 percent is the weighted result of the six scores below. No hard floor applies: there is no warning-list hit, no borrowed licence, no demand for an extra payment to release funds, and no unsevered predecessor carrying a regulatory history.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The CySEC register records ORBEX Ltd, registration number 258884, licence 124/10 issued 21 October 2010, with the status under examination for voluntary renunciation of the authorisation, and lists www.orbex.com.cy as its approved domain. The tier-2 EU authorisation that once covered European clients is being given up.
E2The FSC Mauritius Online Public Register lists Orbex Global Ltd as an SEC-2.1B Investment Dealer (Full Service Dealer excluding Underwriting), licensed on 7 January 2019, at Suite 207, 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebene, with no adverse annotation. The address matches the one the company publishes, so the licence belongs to this operation.
Hard proofFSC Mauritius Online Public RegisterE3The Seychelles FSA Securities Dealer register lists Orbex Limited at CT House, Office 5C, Providence, Mahe, and records the contact email a.abbas@orbex.com against the licensee. The regulator's own record ties this licence directly to the orbex.com domain under investigation.
E4The broker's own regulations page states that Orbex LLC is regulated by Financial Services Authority in SVG and has obtained legal Opinion, dated 9/11/2021, and names Orbex LLC, registration 230 LLC 2019, as the operator of orbex.com.
E5St Vincent and the Grenadines issues no forex licences and its Financial Services Authority states that it neither regulates nor licenses business companies or limited liability companies involved in forex trading or brokerage. The regulatory claim made for Orbex LLC therefore describes supervision that does not exist.
E6The same regulations page says both that orbex.com is owned by Orbex Services Limited and operated by Orbex Global Limited, and separately that orbex.com is operated by Orbex LLC of St Vincent with the Cypriot company Orbex Services Ltd, HE 387329, acting as its payment agent. A client cannot tell from the page which company holds their money.
E7Trustpilot shows 115 reviews at 3.6 stars for orbex.com, distributed 56 percent five star, 13 percent four star, 3 percent three star, 2 percent two star and 26 percent one star. Dated one-star accounts describe withdrawal requests delayed endlessly, ignored or rejected outright (7 May 2026), thousands of dollars removed from an account without any valid explanation (18 February 2026) and all profits and deposits wiped (8 April 2026). The company replies to 88 percent of negative reviews, usually within a week.
E8Forex Peace Army carries an Orbex complaint thread titled around profits being taken, including a report of 4,900 euros not paid out after the account was told it had been abusing the platform and its prices. The same failure mechanism as the Trustpilot reports, on a second independent platform.
E9A third review aggregator that associates www.orbex.com with the brand summarises recurring negatives as unauthorized balance corrections, frozen trades, delayed or denied withdrawals, hidden fees on deposits and withdrawals, and unresponsive support. Confirms the theme is not confined to one platform.
E10The Cyprus Registrar of Companies, last updated 8 September 2026, records ORBEX LIMITED, HE 258884, incorporated 7 December 2009, status Registered, alongside ORBEX SERVICES LTD, HE 387329, formerly ORBEX HOLDING LTD, also Registered. The operating company behind the brand is a genuine 16-year-old entity in good standing, not a shell and not struck off.
E11RDAP records for orbex.com give a registration date of 1995-08-08, an expiry of 2027-08-07, GoDaddy as registrar and Amazon Route 53 nameservers. The domain long predates the brand and shows no recent re-registration event, so there is no drop-catch signature.
E12The group's regional site states that Orbex Group Limited is the holding company of Orbex Global Limited, that Orbex Limited is an affiliate, and that Orbex.com is owned by Orbex Group Limited and is operated by Orbex Global Limited with a registered address at The Catalyst, Cybercity, Ebene, Mauritius. This is what ties the FSC Mauritius licence to the orbex.com website.
E13A regional Orbex site still describes a well-equipped head office located in Limassol, Cyprus and refers to Orbex LTD, more than a year after the EU business closed and the Cyprus licence was surrendered. Group disclosures have not been kept current across all its domains.
E14A sweep of regulator warning and alert lists found no entry naming orbex.com or the Orbex group entities. BaFin's 2022 warning concerns orbex24.com, a different domain and a separate operation, and no part of it applies to this broker.
E15The broker's own regulations page lists only FSC Mauritius and the Seychelles FSA under Licenses and Companies, with no CySEC claim. Having surrendered the Cyprus licence, the company stopped advertising it rather than trading on lapsed credentials.
E16A live MetaTrader 4 server operates under the name OrbexGlobal-Live, and the group runs a hosted client support centre at support.orbex.com. A real trading and support infrastructure exists behind the brand, which weighs against a fake-platform reading.
The other side
The strongest case in this broker’s favour.
The strongest honest case for Orbex, and some of it is genuinely strong.
- It is not a shell and never was. Sixteen years of corporate history, a Cyprus company still on the register, and fifteen years under a tier-2 EU supervisor with no enforcement action, no fine and no warning notice. Very few brokers we rate as high risk can say that.
- The licences are real and we verified them ourselves. Both surviving licences were confirmed on the issuing regulators' own registers, held by the correctly named entities at the correct addresses. Neither is borrowed, neither is fabricated, and the Seychelles regulator's own record points at orbex.com.
- The EU exit was handled in the open. Clients were told to close positions and withdraw, the licence was surrendered voluntarily rather than revoked, and the CySEC claim was taken off the website afterwards. A broker intending to trade on lapsed credentials leaves the badge up. This one did not.
- Leaving the EU is a commercial decision, not a confession. Tighter EU leverage caps and marketing rules have pushed a long list of ordinary brokers offshore. Offshore licensing is weak protection, but on its own it is a risk tier, not misconduct.
- The review picture is mixed, not damning. Trustpilot sits at 3.6 stars with 56 percent five star and a populated middle, which is not the hollow shape that signals manufactured reviews. The company replies to 88 percent of its negative reviews, usually within a week, and disputes some of them on the basis that no trading account exists for the reviewer. That is a plausible defence, and competitors do plant complaints.
- Profit removal for latency arbitrage is a real contractual dispute, not automatically theft. Many brokers, including regulated ones, reserve the right to void trades they judge to be exploiting stale pricing. Where clients say profits vanished with only a vague reference to trading policy, we cannot see the trade logs, and a genuine arbitrage clawback and an unfair confiscation look identical from outside.
- The trading operation exists. A live MetaTrader 4 server in the broker's own name, a hosted support centre, regional offices and localised sites are not what a boiler room builds.
What would change this
What we would need to see to revise the verdict.
Concrete things that would move this verdict in either direction.
- Towards a worse verdict: any regulator warning or alert naming orbex.com itself, rather than a similarly named unrelated site.
- Towards a worse verdict: a credible, specific report that a client was asked to pay a tax, fee or verification charge before funds would be released. We found no such report. It would be decisive on its own.
- Towards a worse verdict: the FSC Mauritius or Seychelles FSA register showing the licence annotated, suspended, surrendered or withdrawn while the site keeps advertising it.
- Towards a worse verdict: a sharp cluster of unpaid-withdrawal reports inside a single window, which is the shape of a broker running out of money. What we see now is a long-running dispute pattern rather than a spike.
- Towards a better verdict: removing the statement that Orbex LLC is regulated by the SVG authority. It is the single clearest false statement on the site and correcting it would take one sentence.
- Towards a better verdict: naming one contracting entity for orbex.com and saying plainly which company holds client funds, where they are held and under which licence.
- Towards a better verdict: a fresh tier-1 or tier-2 authorisation, or publishing the arbitrage and trading-policy clause with worked examples so clients can see in advance what triggers a profit adjustment.
- Towards a better verdict: a sustained run of independent reports confirming withdrawals paid in full and on time, with amounts and dates.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
FSC Mauritius Online Public Register
Search the name Orbex to see the Orbex Global Ltd Investment Dealer entry.
Seychelles FSA Securities Dealer register
Orbex Limited appears on the Securities Dealer list with its Mahe address and contacts.
CySEC register entry for ORBEX Ltd
Shows licence 124/10 and its voluntary renunciation status.
Cyprus Registrar of Companies search for Orbex
Lists Orbex Limited HE 258884 and Orbex Services Ltd HE 387329 with their status.
Trustpilot reviews for orbex.com
Per-domain review page, useful for the current complaint themes.
Frequently asked questions
Quick answers about this broker’s safety.
Is Orbex a scam?
No, not on the evidence we found. Orbex holds two licences we confirmed are in force on the regulators' own registers, it has a 16-year corporate history, and no regulator warning list names orbex.com. We do rate it high risk, because it gave up its EU licence in July 2025, one regulatory claim on its site is not correct, and client complaints centre on profits and balances being removed.
Is Orbex a fraud?
No regulator or court has made any such finding against Orbex. We found no warning notice, no enforcement action and no fraud-related court record naming the group or orbex.com. What we did find is a documented pattern of clients reporting that profits were reversed and withdrawals delayed, plus a false statement that its St Vincent company is regulated. Those are serious concerns, but they are not a finding of fraud.
Is Orbex regulated?
Yes, but only offshore. Orbex Global Ltd holds an FSC Mauritius Investment Dealer licence, C118023330, granted on 7 January 2019, and Orbex Limited holds a Seychelles FSA Securities Dealer licence, SD110. We confirmed both on the regulators' own registers. Neither jurisdiction offers anything close to EU or UK levels of client protection.
What happened to the Orbex CySEC licence?
Orbex closed its EU business in July 2025 and voluntarily gave back Cyprus investment firm licence 124/10, which it had held since 21 October 2010. Clients were told to close positions and withdraw funds. The CySEC register still lists the licence as under examination for voluntary renunciation of the authorisation. Orbex removed the CySEC claim from its website rather than continuing to advertise it.
Can EU or UK residents still use Orbex?
Not with EU protection. The passport that let Orbex serve European clients ended with the Cyprus licence. Anyone in the EU or UK dealing with Orbex now contracts with an offshore entity, which means no investor compensation scheme, no national ombudsman and no local regulator you can escalate to.
Can I withdraw my money from Orbex?
Most reviewers do get paid, but this is the area with the most complaints. The recurring account is that a withdrawal request is delayed, ignored or refused, and in a number of cases that profits or the whole balance were removed first on grounds of alleged trading-policy or arbitrage abuse. We found no report of anyone being asked to pay a fee or tax to release funds, which is the worst pattern of all. Withdraw regularly rather than letting a large balance build up.
Is my money safe with Orbex?
It is not protected the way it would be at an EU or UK broker. Orbex says client funds are segregated from company money and that all accounts have negative balance protection. Segregation helps if the company fails, but neither Mauritius nor Seychelles runs a compensation scheme that would repay you, so in an insolvency you are an ordinary creditor of an offshore company.
Who owns and operates Orbex?
The group names Orbex Group Limited as its holding company. Orbex Global Ltd in Mauritius holds the main licence and is named as the operator of orbex.com. Orbex Limited in Seychelles holds the second licence. Orbex Limited in Cyprus, HE 258884, is the former EU investment firm and is still registered, and Orbex Services Ltd, HE 387329, acts as a payment agent. The site also names Orbex LLC in St Vincent and the Grenadines as the operator of orbex.com, so the disclosure is inconsistent.
How old is Orbex?
About 16 years. The Cyprus company was incorporated on 7 December 2009 and its CySEC licence was issued on 21 October 2010. The orbex.com domain was first registered back in 1995. The site's claim of trading since 2011 and over ten years of service is accurate and, if anything, understates it.
Is the Orbex St Vincent regulation real?
No. Orbex states on its own regulations page that Orbex LLC is regulated by the Financial Services Authority in SVG. St Vincent and the Grenadines issues no forex licences, and its authority has stated publicly that it neither regulates nor licenses business companies or LLCs involved in forex brokerage. The SVG number, 230 LLC 2019, is a company registration, not supervision of any kind.
What is a Mauritius FSC or Seychelles FSA licence actually worth?
Both are genuine licences and both are low tier. They require capital, audits and reporting, so they are far better than nothing and much better than an unlicensed operator. What they do not give you is a compensation fund if the broker fails, a binding ombudsman, or a supervisor with the resources to police day-to-day conduct across thousands of foreign clients. Treat them as light-touch oversight rather than protection.
Is Orbex a clone of another broker?
No. We ran the clone check and it passed. The licence numbers belong to Orbex's own entities, the addresses on the registers match the addresses the company publishes, and the Seychelles regulator even records an @orbex.com contact address against the licensee. Note that BaFin warned about a site called orbex24.com in 2022. That is an unrelated operation and nothing in that warning applies to this broker.
What should I check before depositing with Orbex?
Four things. Get written confirmation of which legal entity holds your client agreement and your money. Read the trading-policy and arbitrage clauses that allow the company to adjust closed profits. Verify the licence yourself on the Mauritius or Seychelles register rather than trusting a badge on the site. Then test a small withdrawal before you commit anything you could not afford to lose.
What we recommend
The practical takeaway from everything above.
Treat Orbex as a real but weakly protected offshore broker, and size any deposit accordingly.
- If you are in the EU or the UK, understand what you no longer have. The Cyprus licence that once covered European clients has been given up. You are dealing with a Mauritius or Seychelles licensed entity, and possibly a St Vincent company, with no compensation scheme and no local ombudsman behind it.
- Establish who your counterparty is before you deposit. Ask in writing which legal entity holds your client agreement and your money, and get the answer in an email you keep. The website gives two different answers.
- Read the trading-policy and arbitrage clauses before you fund anything. This is the mechanism most often blamed in complaints for profits being reversed. Ask specifically what conduct allows the company to adjust a closed profit.
- Withdraw profits early and regularly rather than compounding a large balance. Test the process with a small withdrawal first and keep the confirmations.
- Verify the licences yourself. The links below reach the Mauritius and Seychelles registers directly. Search by the licensed entity name, Orbex Global Ltd for Mauritius and Orbex Limited for Seychelles.
- Keep your own records. Statements, ticket numbers, deposit receipts and chat transcripts. If a balance is adjusted, contemporaneous records are the only thing you can escalate with.
- If funds are already withheld: put a formal complaint through the company's own complaints process first and keep the reference, then escalate to the FSC Mauritius or the Seychelles FSA depending on which entity your agreement names. Ignore anyone who contacts you offering to recover the money for an upfront fee. That is a second scam that targets people in exactly this position.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed September 8, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.