
ORBEX · Cyprus
2020-09-11
Rating
/10
The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!
License Index
Business Index
Risk Management Index
Software Index
Regulatory Index
Market Making(MM)
CYSEC Regulated
European Authorized Representative (EEA)
FCA Regulated
Common Financial Service License
BaFin Exceeded
Common Financial Service License
BDF Exceeded
Company Name:
ORBEX LtdCompany Abbreviation:
ORBEXPlace of registration:
Regulatory Status:
RegulatedCustomer Service Email Address:
support@orbex.comCustomer Service Phone Number:
+357 25588855Company summary
Orbex Limited is a financial company operating Forex, Precious Metals, Commodities, and CFDs. The company was established in 2010 and is headquartered in Limassol, Cyprus. The company currently has a full license issued by the Cyprus Securities and Exchange Commission (CySEC), an EU authorized representative license issued by the UK Financial Market Conduct Authority (FCA), a general financial license issued by the German Federal Financial Administration (BaFin). About MoreWikiFX Risk Alerts
Previous Detection: 2021.03.04 Risk: 3 Item
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ORBEX cheats people to deposit funds but gives no access to withdrawals.
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.
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.
The balance in the account is always forbidden to withdraw for various reasons. Don’t be fooled
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.
The Cyprus Securities and Exchange Commission (CySEC) was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. It is an independent public supervisory Authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in the Republic of Cyprus and the collective investment and asset management sector. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the Cyprus Bar Association.
Current Status:
RegulatedLicense Type:
Market Making(MM)Regulated in Country/Area
Regulatory License No.:
124/10Email Address of Licensed Institution :
info@orbex.comLicense Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
6, Maximos Michaelides Str, Maximos Plaza, Block 3, 5th Floor, Office 3501, CY-3106 Limassol, CyprusPhone Number of Licensed Institution :
+357 25 588 855Licensed Institution Certified Documents :
Orbex_CySEC交易商监管信息表_查询结果 View Certified DocumentsThe Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. On 19 December 2012, the Financial Services Act 2012 received royal assent, and it came into force on 1 April 2013. The Act created a new regulatory framework for financial services and abolished the Financial Services Authority. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom. It focuses on the regulation of conduct by both retail and wholesale financial services firms.
Current Status:
RegulatedLicense Type:
European Authorized Representative (EEA)Regulated in Country/Area
Regulatory License No.:
553071Email Address of Licensed Institution :
info@orbex.comLicense Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
6 Maximos Michaelides Street Maximos Plaza Block 35th Floor, Office 3501 Limassol 3106 CYPRUSPhone Number of Licensed Institution :
00357 25588855Licensed Institution Certified Documents :
Orbex监管信息截图 View Certified DocumentsPrior to 2002, in Germany the regulation of the financial industry was undertaken by three separate agencies. In May 2002 BaFin was formed, following the passing of the Financial Services and Integration Act. The aim of the Act and the merging of the three agencies was to create one integrated financial regulator that would be able to cover all financial markets. The agencies that merged together were the Federal Banking Supervisory Office, the Federal Supervisory Office for Securities Trading, and the Federal Insurance Supervisory Office.BaFin was given further responsibility following the passing of the Banking Act in 2003 with the aim of increasing customer protection and improving the reputation of the German financial system. The extra powers included monitoring the credit-worthiness of financial institutions and collecting detailed information about them. This particular area of responsibility was shared with the Bundesbank. Currently, BaFin is experiencing a kind of transition, as the responsibility for banking supervision is being taken over by the European Central Bank.
Current Status:
ExceededLicense Type:
Common Financial Service LicenseRegulated in Country/Area
Regulatory License No.:
124458Email Address of Licensed Institution :
--License Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
6, MaxiMos Michaelides STr., MaxiMos Plaza, Tower 3, 5Th Floor, OFFice 3501 3106 LiMassol ZypernPhone Number of Licensed Institution :
--Licensed Institution Certified Documents :
ORBEX.png View Certified DocumentsThe Autorité de contrôle prudentiel et de résolution(ACPR) is charged with preserving the stability of the financial system and protecting the customers, insurance policyholders, members and beneficiaries of the persons that it supervises.It is responsible for: issuing licences and authorisations as laid down in legislation and regulations;supervising compliance with rules designed to protect customers, whether these rules stem from legislation and regulations, codes of conduct approved at the request of a professional association or industry best practices that the Authority either observes or recommends,etc.
Current Status:
ExceededLicense Type:
Common Financial Service LicenseRegulated in Country/Area
Regulatory License No.:
73762Email Address of Licensed Institution :
--License Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
6 MaxiMos Michaelides STreeT, MaxiMos Plaza, Block 3, 5Th Floor - 3106Phone Number of Licensed Institution :
--Licensed Institution Certified Documents :
ORBEX Ltd BDF牌照信息20191206 View Certified Documents orbex.png View Certified DocumentsIdentification Result
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Basic Information & Regulators of Orbex Limited
Orbex Limited is a financial company operating Forex, Precious Metals, Commodities, and CFDs. The company was established in 2010 and is headquartered in Limassol, Cyprus. The company currently has a full license issued by the Cyprus Securities and Exchange Commission (CySEC), an EU authorized representative license issued by the UK Financial Market Conduct Authority (FCA), a general financial license issued by the German Federal Financial Administration (BaFin).
Safety Analysis of Orbex Limited
Client funds deposited in Orbex are stored in a separate bank account, which is kept separate from the company's funds. Besides, Orbex is a member of the Investor Compensation Scheme. The purpose of the scheme is to provide protection against any claims made by insured clients against fund members and to provide indemnities to insured clients for any claims arising from the negligence of fund members in fulfilling their obligations.
Market Instruments
The company provides traders with mainstream and popular financial products in the global financial market, including forex, spot indices, futures indices, precious metals, energies, stock CFDs, etc.
Leverage & Account
To meet investors' various investment requirements and strategies, the company has set up three account types: Starter Accounts, Premium Accounts, and Ultimate Accounts. The leverage of the three accounts is as high as 1:500. The minimum deposit for the starter account is US$200, the premium account US$500, and the ultimate account is US$25,000.
Spreads & Commission Fees of Orbex Limited
The starter account comes with a floating spread, and the average spread of EUR/USD is 1.5, with no handling fee. The spread of the premium account is 0 points, and the handling fee is 8 US dollars per lot. The spread of the ultimate account is 0 points, and the handling fee is 5 US dollars per lot. See the swap rate chart below:
Trading Platform Applied
The company uses the world's most popular MT4 trading platform, allowing traders to explore the forex, precious metals, indices, commodities, and energy markets in depth. Orbex MT4 has such advantages as responding to all customer inquiries within 1 hour, trading ECN on MT4, making fund withdrawals more convenient and faster, 10 language & 24-hour customer support. The platform supports 23 languages, automated trading, and is customized using an intelligent trading system exclusive own strategy, trailing stop loss function. The platform can be applied to Windows client-side, multi-accounts client-side, Android, and Apple iOS client-side.
Deposit & Withdrawal of Orbex Limited
Deposit channels include debit card/credit card (deposit processing time is up to 2 hours, withdrawal is 3-5 working days), Skrill, Moneybookers (deposit processing time is up to 2 hours, withdrawal processing time is up to 24 hours), NETELLER (deposit Deposit processing time is up to 2 hours, withdrawal processing time is up to 24 hours), WebMoney (deposit processing time is up to 2 hours, withdrawal processing time is up to 24 hours), wire transfer (deposit and withdrawal both require 3-5 working days ), Zotapay. There are no handling fees for deposits and withdrawals, but intermediary banks or recipient banks may charge fees by remittance.
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Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
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