In a significant shift within the retail forex and CFD brokerage industry, Orbex Ltd, a long-standing player in the European financial markets, has officially ceased operations in the European Union and voluntarily surrendered its Cyprus Investment Firm (CIF) license issued by the Cyprus Securities and Exchange Commission (CySEC).

The move marks the end of a 15-year chapter for Orbex in the EU, where it operated as a regulated broker offering contracts for difference (CFDs) and other trading services to retail clients across the bloc.

A Quiet Exit from the EU Market

Orbex’s EU website now displays a farewell message, stating that the final day of business was July 15, 2025. Clients were instructed to close all open positions and withdraw funds before the deadline. The company expressed gratitude to its European clients, saying:

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

No official reason has been provided for the exit, although the move follows a broader trend of retail brokers withdrawing from the EU due to tightening regulations and operational constraints.

From Regulated to Offshore

Orbex had previously operated in the UK market by passporting its CySEC license, but exited following post-Brexit regulatory changes. The FCA register now confirms that Orbex can no longer conduct regulated business in the UK unless specific exclusions apply.

Following its EU departure, Orbex has transitioned to operating exclusively from offshore jurisdictions, including Mauritius, Seychelles, and Saint Vincent and the Grenadines. These regions offer more flexible regulatory environments, allowing Orbex to continue serving retail clients globally.

Orbex’s Global Strategy and Expansion

Founded in 2010, Orbex built its reputation on providing multi-asset trading, advanced analytics, and educational resources for retail traders. The broker has consistently invested in technology, offering platforms like MetaTrader 4, and has focused on emerging markets in recent years.

In 2023, Orbex acquired the retail business and client base of HonorFX, a move aimed at expanding its footprint in Asia and the Middle East. This acquisition signaled a strategic pivot toward regions with growing demand for online trading and fewer regulatory hurdles.

Industry Context: A Broader Trend

Orbex is not alone in its decision to exit the EU. Other major brokers such as BDSwiss and FXTM have also surrendered their CySEC licenses and moved offshore, citing similar challenges. The EU’s increasingly stringent compliance requirements, including MiFID II and SFDR regulations, have made it difficult for smaller brokers to maintain profitability while adhering to complex rules.

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