Compare forex brokers FxPro VS Orbex

If you're choosing between FxPro and Orbex forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is FxPro better than Orbex? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

FXPRO VS ORBEX

FxPro
FxPro Overview

Founded in 2006, FxPro has executed more than 370 million orders since inception. With retail and institutional clients in over 170 countries, the FxPro brand holds regulatory licenses in the United Kingdom (UK) under FxPro UK Limited, Cyprus under FxPro Financial Services Limited, South Africa, the Bahamas, Dubai, and the United Arab Emirates.

Orbex
Orbex Overview

Orbex (formerly AFBFx) is an international forex and CFDs broker that is based in Limassol, Cyprus and is regulated by CySEC to offer currencies, precious metals, commodities and indices.

# Broker's Features FXPRO Availability ORBEX Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare FxPro vs Orbex.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. FxPro offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Cryptocurrency, Futures, while Orbex offers Currencies, Commodities, Indices, Futures.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. FxPro is No Dealing Desk, while Orbex is Dealing Desk, ECN, STP.

Minimum Deposit Requirement: To compare these two FX brokers, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. FxPro recommended minimum capital is N/A, while Orbex has a Minimum Deposit Requirement of .

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. FxPro is regulated by CySEC, FCA, FSB, DFSA, SCB, while Orbex regulated by BaFin, CySEC, FCA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Account currencies: Next lets consider the Account currencies each broker offers. FxPro offers EUR, USD, GBP, CHF, JPY, PLN, AUD, ZAR different account currencies for each account types, while Orbex offers account currencies.

Languages Available: Next lets have a look at each broker's different Language options. FxPro offers Arabic, Chinese, English, French, German, Hungarian, Romanian, Turkish, Czech, Slovak, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, Vietnamese., while Orbex offers Arabic, Bengali, Chinese, English, French, German, Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. FxPro offers Credit/Debit Cards, Bank Wire Transfer, PayPal, Neteller, Moneybookers different payment methods for each account types, while Orbex offers Credit/Debit Cards, FasaPay, Moneybookers, Neteller, Skrill, Union Pay payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, FxPro makes MT4, MT5, cTrader, FxPro Edge available to clients, while Orbex offers MT4.

The Verdict: FxPro or Orbex?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, FxPro is more reliable based on our criteria above. Regulations play a huge role in protecting the traders/investors interest as they compel the financial service providers such as forex brokers to act in a fair and ethical manner. FxPro broker is regulated in more major hubs. FxPro offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. FxPro offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. FxPro has a wider range of languages in which customer service is offered making the broker more accessible. One of the criteria we looked at before opening an account on a forex broker is the minimum deposit amount. FxPro broker offers lower minimum deposit requirement. As a market maker, FxPro may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.

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