Orbex Review 2026
The full Orbex write-up for Latvia traders: the kitchen inspection, the ingredient costs, the bill, and our straight verdict.
Regulation in Latvia
| Regulator | CySEC CySEC, Cyprus Securities and Exchange Commission (CySEC) |
| Licence Number | 124/10 |
| Regulated Entity | Orbex Ltd |
| Max Leverage (Forex) | 1:30 |
| Minimum Deposit | $200 |
| EUR/USD Spread | From 0.5 pips |
| Instruments | 400+ |
| Platforms | MT4, MT5 |
| Copy Trading | ✓ |
| Real Stocks | ✗ |
| Inactivity fee | No inactivity fee |
| Verify on CySEC register → | 124/10 |
Verdict
Cooks under CySEC (licence 124/10). Cover charge $200. In Latvia, forex leverage is capped at 1:30.
About Orbex
Orbex opened its doors in 2011 out of a kitchen in Limassol, Cyprus. Its menu runs to 400 tradeable instruments, forex pairs alongside CFDs on stocks, indices and commodities. It holds licences across several jurisdictions, with the head licence carried by Orbex Ltd under CySEC.
In Latvia, Orbex serves as Orbex Ltd, cleared by CySEC under licence number 124/10. Under CySEC house rules, Latvia traders are poured no more than 1:30 leverage on forex pairs.
Trading Platforms
Pros
- CySEC regulated, licence 124/10
- 400+ instruments to trade
- Negative balance protection in Latvia
- Platforms: MT4, MT5
- Copy trading available
- Founded in 2011 (15 years operating)
Cons
- No inactivity fee
- 76% of retail clients burn their fingers
- CFDs only, you trade the price, you never own the dish
- No real stock ownership
Frequently Asked Questions
Is Orbex regulated?
Yes. Orbex is authorised by CySEC, issued to the entity Orbex Ltd, an authorisation you can look up for yourself on the official CySEC public register.
What is the minimum deposit for Orbex in Latvia?
The cover charge is $200, the smallest amount Latvia traders need to open a live account with Orbex under CySEC rules.
What leverage does Orbex offer in Latvia?
In Latvia, CySEC rules cap Orbex at 1:30 on forex pairs. A larger pour is sometimes available through offshore-regulated entities, with thinner protection to match.
Is Orbex safe to trade with?
The kitchen passes inspection: Orbex cooks under CySEC. A tier-1 regulator insists on segregated client money, negative balance protection and independent audits, while lighter offshore regimes offer weaker cover and often no compensation scheme. That does not make trading risk-free, so check which entity holds your account and what protections actually apply before you deposit.
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