Compare BlackBull Markets vs Orbex
What is BlackBull Markets? What is Orbex?
BlackBull Markets is a New Zealand-based broker that was founded in 2014 and is regulated by the Financial Services Provider Register (FSPR) and the Financial Services Complaints Limited (FSCL). It offers over 26,000 tradable instruments across forex, shares, CFDs, and commodities .
Orbex is a Cyprus-based broker that was established in 2011 and is regulated by the Cyprus Securities and Exchange Commission (CySEC) . It offers over 300 tradable instruments across forex, CFDs, commodities, indices, and stocks .
BlackBull Markets vs Orbex Regulation Comparison
Both brokers are regulated by reputable authorities in their respective jurisdictions. However, Orbex has an additional advantage of being a member of the Investor Compensation Fund (ICF), which protects clients’ funds up to €20,000 in case of insolvency . BlackBull Markets does not have such a scheme, but it claims to segregate client funds from its own and use top-tier banks for custody .
BlackBull Markets vs Orbex Trading Assets Comparison
BlackBull Markets has a much wider range of trading assets than Orbex, with over 26,000 instruments compared to Orbex’s 300 . BlackBull Markets also offers access to global equities from 80+ markets through its BlackBull Shares platform , while Orbex only offers CFDs on selected stocks. However, Orbex has more currency pairs (60+) than BlackBull Markets (50+) .
BlackBull Markets vs Orbex Trading Fees Comparison
Both brokers offer competitive trading fees, with tight spreads and low commissions. BlackBull Markets has three account types: ECN Standard, ECN Prime, and ECN Institutional. The ECN Standard account has no commission but higher spreads, while the other two accounts have lower spreads but charge commissions from $6 to $4 per lot per side .
Orbex has four account types: Standard, Premium, VIP, and Zero Spread. The Standard account has no commission but higher spreads, while the other three accounts have lower spreads but charge commissions from $8 to $1 per lot per side . Both brokers also offer swap-free Islamic accounts for eligible clients.
BlackBull Markets vs Orbex Account Types Comparison
BlackBull Markets has three account types: ECN Standard, ECN Prime, and ECN Institutional. Orbex has four account types: Standard, Premium, VIP, and Zero Spread.
Both brokers have different account types that cater to different trading styles and preferences. The minimum deposit for BlackBull Markets ranges from $0 for the ECN Standard account to $20,000 for the ECN Institutional account . The minimum deposit for Orbex ranges from $200 for the Standard account to $25,000 for the VIP account . Both brokers offer leverage up to 1:500 for forex trading, depending on the account type and regulatory restrictions.
BlackBull Markets vs Orbex Deposit Options Comparison
Both brokers offer a variety of deposit and withdrawal options, including credit/debit cards, bank wire transfers, e-wallets, and local payment methods. However, BlackBull Markets has an edge over Orbex in terms of speed and convenience, as it uses the secure Orbex Wallet system that allows clients to fund their accounts, transfer and withdraw instantly without any fees . Orbex does not charge any fees for deposits or withdrawals either, but it may take longer to process them depending on the method used .
BlackBull Markets vs Orbex Trading Platforms Comparison
Both brokers use the popular MetaTrader 4 and MetaTrader 5 platforms as their main trading platforms. These platforms are available on desktop, web, and mobile devices, and support a wide range of trading tools and features. Additionally, BlackBull Markets offers the option to trade directly on TradingView, the world’s leading charting and social trading platform . Orbex does not have this option, but it provides access to Trading Central, a premium market research portal that offers technical indicators, trading signals, and market insights .
BlackBull Markets vs Orbex Analytical Tools Comparison
Both brokers provide their clients with daily market analysis and education from their in-house research teams. These teams consist of experienced market analysts, macro-economists, traders, and Elliott Wave specialists who cover fundamental and technical analysis, daily trading signals, quarterly market projections, and educational content . Both brokers also feature their research on major media outlets such as Bloomberg, CNBC, and Refinitiv Eikon.
However, Orbex has an additional advantage of offering Trading Central, which is a comprehensive and award-winning market research portal that can enhance the trading experience of its clients .
BlackBull Markets vs Orbex. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that can affect your trading performance and experience. There are many factors to consider when comparing brokers, such as regulation, trading assets, trading fees, account types, deposit and withdrawal options, trading platforms, and analytical tools. Both brokers have their own strengths and weaknesses. BlackBull Markets offers a wider range of trading assets, faster and cheaper deposit and withdrawal options, and the option to trade directly on TradingView. Orbex offers more protection for client funds through the ICF scheme, more currency pairs, lower commissions for some account types, and access to Trading Central.
Ultimately, the best broker for you depends on what you value most in your trading experience. You may want to consider factors such as your trading style, strategy, risk appetite, budget, goals, and expectations. You may also want to test out both brokers by opening a demo account or a small live account before committing to a larger investment.
