Compare forex brokers GMOTrading VS Orbex

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

GMOTRADING VS ORBEX

GMOTrading
GMOTrading Overview

GMO Trading is a Cypriot online broker that has been in operation since 2017. The brand offers forex/CFDs for trading on the MT4 trading platform.

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 GMOTRADING 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 GMOTrading 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. GMOTrading offers Online Financial Trading and Investment Services Such as N/A, while Orbex offers Currencies, Commodities, Indices, Futures.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. GMOTrading is STP, 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. GMOTrading 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. GMOTrading is regulated by CySec, 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. GMOTrading offers USD, EUR, GBP 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. GMOTrading offers English, Italian, Russian, Polish, German, Spanish, 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. GMOTrading offers Credit/Debit Cards, Bank wire transfer, Skrill, Webmoney, 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, GMOTrading makes MT4, WebTrader available to clients, while Orbex offers MT4.

The Verdict: GMOTrading 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, Orbex is more reliable based on our criteria above. Orbex has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. 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. Orbex broker is regulated in more major hubs. 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. Orbex has a wider range of languages in which customer service is offered making the broker more accessible. As a market maker, Orbex 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. Only Orbex provides training and education resources which is extremely critical to beginner traders who may not be familiar with most of what goes on in the Forex markets.

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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