Orbex

Orbex holds a CySEC Market Making License (MM) and is regulated by the Cyprus Securities and Exchange Commission, as well as having FCA and BaFin authorizations. However, user reviews on WikiFX include several complaints about withdrawal issues and other concerns. Traders are advised to exercise caution and conduct thorough research.

Yes, Orbex is regulated. It holds a CySEC Market Making License (MM, license no. 124/10) in Cyprus, an offshore regulation license from the Seychelles Financial Services Authority (FSA, license no. SD110), and an active securities trading license from the Mauritius Financial Services Commission (FSC, license no. C118023330).

The minimum deposit is $100 for the STARTER account, $500 for the PREMIUM account, and $25,000 for the ULTIMATE account.

Yes, Orbex supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, with full licenses for both.

Pros: Regulated by CySEC, FCA, and BaFin; offers low spreads from 0.0 pips on PREMIUM and ULTIMATE accounts; supports scalping and EA trading; provides MT4/MT5 platforms. Cons: User complaints include withdrawal difficulties, unexpected fees, and slippage; some regulators are offshore; the broker has a mixed user reputation.

Yes, there are user complaints. WikiFX user reports include difficulties with withdrawals, unexpected fees, account freezes, and allegations of unfair practices. Some users have reported losing funds. However, the broker remains regulated. Traders should review these complaints carefully.

Orbex does not indicate specific availability for US residents. As a regulated broker in Cyprus and other jurisdictions, US clients may be restricted due to local regulations. It is recommended to check with the broker directly.

Spreads start from 1.5 pips on the STARTER account and from 0.0 pips on PREMIUM and ULTIMATE accounts. Some users have reported additional fees, including a 3% charge on deposits and withdrawals. The overall transaction cost rating by WikiFX is 'A', indicating relatively low costs. However, user experiences vary.

Orbex offers three account types: STARTER (minimum deposit $100, spreads from 1.5 pips), PREMIUM ($500, spreads from 0.0 pips), and ULTIMATE ($25,000, spreads from 0.0 pips). All accounts allow scalping, EA trading, and lock positions. Islamic accounts are not available.

Orbex offers maximum leverage up to 1:500 across all account types. Such high leverage can amplify both gains and losses, and is considered high risk. Traders should use leverage cautiously and be aware of the potential for significant losses.

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