Desk file · 2026 edition · record confidence: medium
Orbex
We opened the file on Orbex the way we open every file: register first, marketing never. Trading since 2011, run out of Ebene, Mauritius, and carrying 5 licence entries on the public record, 0 of them tier-1.
What the two desk scores say
Both are out of 10 and both are computed, not felt.
| Cost score | Priced off the spread basis below, not off a headline rate card. | not verified |
|---|---|---|
| Safety score | Weighted on licence tier and on how many of the entries we could re-read at source. | not verified |
| Cost per 10 lots | Ten round-turn EUR/USD lots priced at the spread basis, commission excluded. | $not verified |
Spread basis. . Nothing on this page is a live quote; a spread printed on a Tuesday afternoon is not the spread you get thirty seconds after a non-farm payroll release.
Licence entries, one row per entity
Every row links to the document we read it from.
| Regulator | Licence no. | Jurisdiction | Tier | Licensed entity | Source |
|---|---|---|---|---|---|
| FSC Mauritius | Mauritius | T3 | Orbex Global Limited | orbex.com | |
| FSA Seychelles | SD110 | Seychelles | T3 | Orbex Limited | partners.orbex.com |
| CySEC | 124/10 | Cyprus | T2no longer active | ORBEX Ltd | cysec.gov.cy |
| None — St Vincent and the Grenadines company registration only (230 LLC 2019) | St Vincent and the Grenadines | T3 | Orbex LLC | orbex.com | |
| None — Saint Lucia IBC registration only (2025-00714 IBC) | Saint Lucia | T3 | Orbex Limited (Saint Lucia) | orbex.com |
Which entity actually holds your money is decided at signup, by the country on your application — not by the strongest licence in this table. Read the client agreement you are handed, then match the entity name against the row above.
What we were able to confirm
Confirmed at source
- The CySEC register entry for ORBEX Ltd shows licence 124/10 marked as under examination for voluntary renunciation of the authorisation (checked 9 August 2026).
- Orbex Global Limited is stated on Orbex's regulation page to hold FSC Mauritius licence types FS-4.1 Global Business Corporation and SEC-2.1B Investment Dealer.
- Orbex Limited is registered in Seychelles under number 8429881-1 and holds FSA Securities Dealer licence SD110.
- Orbex's own site states Orbex.com is operated by Orbex LLC, registered in St Vincent and the Grenadines under number 230 LLC 2019; the SVG FSA does not supervise forex trading.
- Orbex's regulation page states negative balance protection applies to all account types.
Not verified
The following could not be traced to a primary source at the time of filing. We publish the gap rather than a number that would look tidier:
- FSC Mauritius licence number
- minDeposit, maxLeverage and spreadEurusd — only third-party figures found
- segregatedFunds
| Founded | 2011 |
| Head office | Ebene, Mauritius |
| Minimum deposit | not verified |
| Leverage cap | |
| EUR/USD | not verified pips |
| Tier-1 entries | 0 |
| Record confidence | medium |
Platforms and account types on file
Platforms
Account types
Markets
Other records open on the desk
CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A desk file is a record of what the public register said on the day we read it, not a recommendation to open an account.