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Score
Cyprus
Regulated in Cyprus
Market Maker (MM)
MT4 Full License
United Kingdom European Authorized Representative (EEA) Revoked
High potential risk
Benchmark
Influence
Add brokers
Comparison
Quantity 29
Exposure
Score
Regulatory Index6.67
Business Index8.58
Risk Management Index0.00
Software Index9.47
License Index6.67
Single Core
1G
40G
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Company Name
ORBEX Ltd
Company Abbreviation
ORBEX
Platform registered country and region
Cyprus
Company website
X
Company summary
Pyramid scheme complaint
Expose
Unable to withdraw
I was cheated by this broker and unable to withdraw. After several attempts, I found its scam. Do not deposit on it.
When you open an account with ORBEX, they send you free signals and share the trades they open and close daily. ORBEX's balance is shown to be very strong, so it never loses and appears to make money. I lost 40,000 USD, I was officially scammed...
Yesterday after sucessful trading and make a good profit, Orbex email me that i was abusing the platform and its prices. Also they have addmited that they delay prices for its clients which is ILLEGAL, MARKET MANIPULATORS!!!!!!!!!Regulators should step in and stop companies like this to operate on the markets!!!! A few months ago i operate there and lost money, they withdraw very fast without a issue, now that i have profits they try to scam me!! RUN AWAY FROM ORBEX!!!
After hard work of trading Orbex do not pay-me, please i need help.
It’s impossible to make withdrawals. They changed my bank card number and said it was wrong. So I have to pay margint, and the credit points were not enough.
Since November until now, the deposit was first required, and even the platform disappeared. It’s a lie, now I’ve transferred to another platform and I’m still asking me to pay a deposit, saying that they promised that I could withdraw funds after the payment.
ORBEX IS A FAKE BROKER!!!!! SCAM SCAM SCAM SCAM!!!! Yesterday after successful trading and make a good profit, Orbex email me that i was abusing the platform and its prices. Also, they have admitted that they delay prices for its clients which is ILLEGAL, MARKET MANIPULATORS!!!!!!!!! Regulators should step in and stop companies like this to operate on the markets!!!! A few months ago i operate there and lost money, they withdraw very fast without an issue, now that i have profits they try to scam me!! RUNAWAY FROM ORBEX!!!
ORBEX cheats people to deposit funds but gives no access to withdrawals.
ORBEX HAS THE SKILL TO DEFRAUD TRADERS WITH SLIPPAGE AND KEEP ORDERS OPENED AFTER STOP LOSS! THEY DO NOT HAVE A OFFICE IN MAURITIUS AS THEY CLAIM! FAKE BROKER
Deposit twice in November, 119,800 in total. And profit 564,747. But when I withdrew funds, I had to pay 113,000 for wrong card number. I realized I was cheated so I refused. And this platform was closed in January. I hope everyone can know the true color of this platform, free from being cheated.
On January 15, 2021, I heard a netizen’s instruction to transfer 8,000 US dollar, that is, 56,000 yuan to the Orbex trading platform. Under his guidance, I bought USD/JPY and made a lot of money. After that, the total account assets were 17,600 US dollar. When I withdrew my cash, I was rejected. I asked the customer service and was told that I had to deposit 10,000 US dollars to be promoted to a gold member to withdraw. I immediately realized that I was cheated. There is no doubt that the platform is a scam. The netizen may be a bait hired by the platform. I have been asked to borrow money and deposit. The method is very poor. They can think of any way they can think of, and let you use your credit to borrow from major apps.
The balance in the account is always forbidden to withdraw for various reasons. Don’t be fooled
A client has claimed he could not withdraw after making profit and orbex has given him illogical explainations for withdrawal failures. The client has called Orbex market manipulators.
Orbex fx is deceiving customers by promising a 150% bonus for investment and thus persuading investors to make investments, then without any reason, it withdraws the bonus defined while the investor's trades are still ongoing and forces the investor to stop out. Afterwards, it does not compensate for its mistake. 🌑 It is definitely not a reliable institution. The so-called 150% bonus is a trap aimed at deceiving people, I do not recommend anyone to invest.
Hello, I am writing to formally file a complaint against the broker Orbexforex.com, which operates as the offshore branch of Orbex.com. This broker has deducted 3% for deposits and another 3% for withdrawals, amounting to a total of 6% of my funds, without prior notification or my explicit consent. Despite my inquiries, they have failed to provide a clear explanation for these charges. Additionally, their customer support team has been disrespectful and unprofessional in their responses. The broker's high spreads and excessive commissions make it nearly impossible to trade profitably. Moreover, slippage and candle manipulation occur frequently, further disadvantaging traders. It is evident that Orbexforex.com has turned into a platform for exploiting traders, hiding under the guise of regulatory oversight and leveraging aggressive marketing campaigns to attract unsuspecting clients. I kindly request that this matter be thoroughly investigated and appropriate action be taken against
ORBEX Review Summary | |
Founded | / |
Registered Country/Region | Cyprus |
Regulation | CYSEC |
Market Instruments | Forex, precious metals, energies, indices |
Demo Account | ✅ |
Islamic Account | ✅ |
Leverage | Up to 1:500 |
Spread | From 1.5 pips (Starter account) |
Trading Platform | MT4 |
Minimum Deposit | $100 |
Customer Support | 24/5 support, live chat, contact form |
Tel: +357 25588855; +357 25588853 | |
Email:support@orbex.com.cy | |
Address: 82 Street, 6, Kato Polemidia, 4153, Limassol, Cyprus | |
Facebook, X, LinkedIn,Twitter |
ORBEX is a regulated broker, offering trading on forex, precious metals, energies, indices, and market holidays with leverage up to 1:500 and spread from 0.0 pips on the MT4 trading platform. The minimum deposit requirement is $100.
Pros | Cons |
Regulated by CYSEC | Trading fees applied |
Demo accounts | |
Various trading products | |
MT4 platform | |
No deposit and withdrawal fees | |
Live chat support | |
Popular payment options |
Yes. ORBEX is licensed by Cyprus Securities and Exchange Commission (CYSEC) with license number 124/10 to offer services and provides negative balance protection.
Regulated Country | Regulator | Current Status | Regulated Entity | License Type | License No. |
Cyprus | CYSEC | Regulated | ORBEX Ltd | Market Maker (MM) | 124/10 |
ORBEX offers trading on forex, precious metals, energies, and indices.
ORBEX Clients can execute trades 24 hours a day from 00:05 on Monday until 23:30 on Friday (Cyprus Time), except for some instruments which halt at different times, such as a break.
Tradable Instruments | Supported |
Forex | ✔ |
Precious Metals | ✔ |
Energies | ✔ |
Cash Indices | ✔ |
Futures Indices | ✔ |
Stocks | ❌ |
Cryptocurrencies | ❌ |
Bonds | ❌ |
Options | ❌ |
ETFs | ❌ |
ORBEX offers demo accounts and Islamic (Swap Free) accounts. And here are four account types ORBEX offers: Starter account, Premium account, and Ultimate account.
Account Type | Minimum Deposit |
Starter | $100 |
Premium | $500 |
Ultimate | $25,000 |
ORBEX offers maximum leverage at 1:500 for all account types. The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.
Account Type | Spread | Commission |
Starter | From 1.5 pips | $0 |
Premium | From 0.0 pips | $8 |
Ultimate | $5 |
Trading Platform | Supported | Available Devices | Suitable for |
MT4 | ✔ | Desktop, MAC OS, Android, iPhone, Multi Terminal | Beginners |
MT5 | ❌ | / | Experienced traders |
Orbex accepts payments Credit/Debit cards, Skrill/Moneybookers, Neteller, Wire Transfer, and Klarna/Sofort.
Payment Options | Deposit/Withdrawal Fees | Deposit Time | Withdrawal Time |
Skrill | 0 | Up to 2 hours | Up to 24 hours |
Direct Debit / Credit Cards | 3-5 business days | ||
Bank Wire | 3-5 business days | ||
NETELLER | Up to 2 hours | Up to 24 hours | |
Klarna/Sofort |
Orbex, a leading online trading broker, has recently been awarded the prestigious title of "Best CFD Broker Asia."at the Mumbai Money Expo 2023, the largest financial event in India.
Orbex, a major investment organization that provides forex and CFD trading services, has just announced the addition of additional top-tier analytical tools to its Trading Central arsenal.
The current USDCHF formation indicates that at the end of November, the market completed the actionary wave y of the cycle degree, followed by a cycle intervening wave x.
The Japanese yen inched higher after January’s Tokyo CPI beat expectations. The US dollar found support in the daily demand zone around 113.50. And that is a sign that upbeat sentiment in the medium-term remains intact
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