Review of Orbex broker's credibility and regulations

Orbex was founded in 2011 in the city of Limassol, Cyprus, which is known as one of the main hubs of the forex industry in Europe. Unlike many of its competitors that focused on aggressive marketing, Orbex's founding team, reportedly led by Mr. Abdallah Abbas (Abdullah Abbas) who still has a strong presence on the company's board of directors, built its strategy on earning clients' long-term trust by offering free, high-quality educational resources. This approach quickly made Orbex known among traders in the Middle East and North Africa (MENA) and later Europe as a trustworthy and responsible broker.

The evolution of this forex broker can be summarized in two strategic phases. The first phase was establishing its regulatory identity in the European Union. By obtaining license number 124/10 from the reputable Cyprus regulator, Orbex firmly established its position as a financial institution supervised under strict European rules (MiFID II) strengthened. This license allowed the broker to operate legally throughout the European Economic Area and to assure its clients that their funds are covered by the Investor Compensation Fund (ICF) is located.

The second phase was global expansion and serving international clients. Recognizing that strict European rules (such as limits on trading leverage) are not ideal for all traders worldwide, including Iranians, Orbex's management set up an offshore entity. This entity was registered under the name Orbex Global Ltd with a license from the Financial Services Commission of Mauritius. This dual structure allowed Orbex, while maintaining its European credibility, to offer more flexible trading conditions such as higher leverage, completely legally, to clients outside the European Union (including Iran) provide. Today, after more than a decade of continuous operation, Orbex is known as a mid-tier but very stable and reputable broker that still adheres to its founding principle of «serving traders responsibly» (Serving Traders Responsibly) complies with.

One of the most frequent searches about this brokerage concerns whether the Orbex broker is a scam. After reviewing reliable sources, registered user complaints and this broker's more than a decade of operation, we found no proven case of systematic fraud by the Orbex broker. Of course, as with any other broker, there are reports of user dissatisfaction in areas such as delays in identity verification, trading disputes and misunderstanding of bonus rules; however, these issues are also seen at most international brokers and are not, on their own, evidence of fraud.

In a clear answer to the question: "Is the Orbex broker reliable?" we can say that: based on its track record, regulations and the available evidence, the Orbex broker is reliable and cannot be placed in the category of scam or fraudulent brokers.

Over its years of operation, Orbex has received various awards at international financial industry events and expos. Although awards alone are not a definitive measure of credibility, as part of Orbex's track record they can indicate the broker's standing in the forex industry. Among the notable awards this broker has won:

1. Best Forex Education and Research Provider (Best FX Research and Education Provider)

2. Best Forex Education Broker (Best FX Educational Broker)

3. Best Forex Broker in the MENA Region (Best Forex Broker MENA)

4. Best Trading Experience (Best Trading Experience)

All things considered, it can be concluded that Orbex, with more than a decade of operating history, official regulations such as FSC and FSA , no proven record of fraud, and direct services for Iranians, sits at an acceptable level in the market in terms of credibility.

As a result, Orbex can be described as an international broker with a multinational structure that can also be a sensible option for Iranian traders, provided they manage risk and are fully aware of its rules!