CFDs Broker Orbex Exits EU, Surrenders CySEC Licence

Orbex has shut down its contracts for differences (CFDs) brokerage business in the European Union and surrendered its Cyprus Investment Firm (CIF) licence, FinanceMagnates.com has learned.

Out of the EU After 15 Years

A notice on the Orbex website states that the retail trading platform’s last effective date of business was 15 July 2025. It also asked clients to close all trading account positions and withdraw funds by the final day of business.

“After fifteen years in business, Orbex Ltd has decided to close our doors in the EU,” the message on Orbex’s EU website reads. “We can’t fully express our deep gratitude for your business and support.”

However, the CFDs broker did not provide any reason for its exit from the EU market.

Read more: What Do Exness, IronFX, FXTM, and RoboMarkets Have in Common?

Orbex had offered services within the EU through its licence from the Cyprus Securities and Exchange Commission (CySEC). The regulator’s website now shows that the broker’s licence is “under examination for voluntary renunciation of the authorisation.”

Previously, Orbex also operated in the United Kingdom market by passporting its CySEC licence. However, the broker exited that market after the post-Brexit restrictions came into effect.

“This EEA-based firm, which previously passported into the UK, can no longer undertake regulated business in the UK unless an exclusion applies,” the FCA register noted about the status of Orbex’s licence.

An Offshore CFDs Broker

Following its EU exit, Orbex now operates solely from offshore jurisdictions. According to its website, it offers retail CFD trading services under regulatory authorisation in Mauritius and Seychelles. It also has an entity registered in Saint Vincent and the Grenadines.

In 2023, FinanceMagnates.com reported that Orbex acquired the retail business and clients of HonorFX, another FX/CFDs broker, to expand into the Asian markets.

Meanwhile, Orbex is not the only retail broker to shut its European operations and move offshore. BDSwiss and FXTM are two other notable names in the European retail CFDs market that have also exited the bloc.