Critical Finding: orbexforex.com Is Not the Real Orbex
orbexforex.com has no connection to the internationally recognised Orbex broker. It is a completely separate brand — a phishing operation targeting Iranian traders through influencer campaigns.
The genuine Orbex (orbex.com) is a CySEC-regulated broker founded in Cyprus. The entity exposed in this report — orbexforex.com — deliberately uses a similar name and branding to create confusion, while operating as an unregulated entity targeting Persian-speaking traders.
Real Identity of "Orbex Iran"
orbexforex.com appears to have been designed from the outset to target Iranian traders through social media campaigns. The broker lacks verifiable ownership information, a credible regulatory licence, and transparent terms of service. Whois records are hidden and registered company details are inconsistent.
The Influencer Network: Ali N. A. and Zed Bourse Team
orbexforex.com ran a substantial promotional campaign in Persian-language social media, particularly Instagram and Telegram, primarily through an influencer known as Ali N.A. and the "Zed Bourse" team. Key characteristics of this campaign:
- Paid promotional content presenting the broker as trusted and legitimate
- Claims of "exclusive" deposit bonuses and cashback for followers
- No disclosure of paid partnership or advertising relationships
- Content designed to funnel viewers directly to the broker's registration page
The Complete Trap Pathway: From Discovery to Deposit
BrokerAlarm mapped the typical user journey that leads traders into this broker:
- User encounters trading content or an "expert trader" account on Instagram or Telegram
- The account promotes orbexforex.com with bonus claims and "limited time" offers
- User registers, receives initial bonus applied quickly to build trust
- After initial deposits and some trading, withdrawal problems begin
- Support disappears or demands additional documentation repeatedly
Documented Financial and Technical Problems
Multiple users have reported consistent patterns of issues:
"I made three withdrawal requests. Each time a new excuse — 'the system has an error,' 'documents are incomplete,' 'an agent is reviewing it.' It took two months, and when my money finally came it had a 6% fee deducted that they'd never told me about. At least I got it back — many others don't even get that."
"I went to orbexforex after seeing Ali N.'s ads. I had three scalp positions. Each time, my stop-loss was hit at exactly 1 or 2 pips below my level — then price reversed. This is not coincidence. I ran the same strategy with a different broker and it was profitable."
"Cannot withdraw. The broker keeps saying my account is under review. Been waiting 6 weeks. Support is unresponsive."
Stop-Hunt and Execution Manipulation
The pattern described by multiple unrelated users — where stop-losses trigger at precise levels just beyond the user's placement before price reverses — is a known characteristic of market maker brokers running a B-Book model, where broker profit is directly tied to client loss. This does not by itself prove manipulation, but the consistency of reports warrants serious caution.
High-Risk Broker — We do not recommend depositing
orbexforex.com is an unregulated entity with no credible connection to the legitimate Orbex brand. It operates through influencer-driven acquisition, relies on name confusion, and has a documented history of withdrawal problems and suspicious trade execution. Iranian traders should avoid this broker entirely.
For a tested alternative, read the WM Markets full review.
Frequently Asked Questions
No. orbexforex.com is a completely separate entity from the legitimate CySEC-regulated Orbex broker (orbex.com). The similarity in name appears deliberate to create confusion.
No credible regulatory licence has been found for orbexforex.com. It should be treated as an unregulated broker.
Attempt a small withdrawal immediately to test the process. Document all communications and account screenshots. Submit a report to BrokerAlarm, FPA, and WikiFX if you encounter problems.