Compare EagleFX vs Orbex
What is EagleFX? What is Orbex?
EagleFX is a forex and CFD broker, established in 2018, that uses STP execution on the MT4 platform. Orbex is a forex and CFD broker, established in 2009, that is regulated by the FCA and CySEC and also offers trading on the MT4 platform.
EagleFX vs Orbex Regulation Comparison
EagleFX is not regulated by any authority, while Orbex is regulated by the FCA (United Kingdom) with license number 553071 and by the CySEC (Cyprus) with license number 124/10. Orbex also has registrations with other regulators such as CNMV (Spain), Banque de France (France), CONSOB (Italy), and ESMA (France).
EagleFX vs Orbex Trading Assets Comparison
EagleFX offers trading on over 100 instruments, including forex, gold and silver, indexes, and cryptocurrencies. Orbex offers trading on over 200 instruments, including forex, gold and silver, CFDs, oil, futures, indexes, and cryptocurrencies
EagleFX vs Orbex Trading Fees Comparison
EagleFX charges variable spreads starting from 0.0 pips and commissions of $5 per lot per side. Orbex also charges variable spreads starting from 0.0 pips but has different commission rates depending on the account type.
EagleFX vs Orbex Account Types Comparison
EagleFX has only one account type that requires a minimum deposit of $10 and offers leverage up to 1:500. Orbex has four account types: Standard, Premium, Ultimate, and Zero Spread. The minimum deposit ranges from $200 to $500 and the leverage is also up to 1:500.
EagleFX vs Orbex Deposit Options Comparison
EagleFX accepts deposits and withdrawals via wire transfer, credit/debit cards, and cryptocurrencies. There are no fees charged by the broker for these transactions.
Orbex accepts deposits and withdrawals via WebMoney, Skrill, wire transfer, credit/debit cards, Neteller, FasaPay, Tether (USDT), and Perfect Money. There are also no fees charged by the broker for these transactions.
EagleFX vs Orbex Trading Platforms Comparison
EagleFX and Orbex both use the MetaTrader 4 platform as their main trading platform. They both offer trading on desktop, web, and mobile devices. They both support one-click trading, trailing stop, and pending orders.
EagleFX vs Orbex Analytical Tools Comparison
EagleFX does not provide any analytical tools or market research for its clients. Orbex provides daily market analysis, quarterly market projections, educational content, and access to the Trading Central research portal for its active clients.
EagleFX vs Orbex. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences and trading goals. However, here are some pros and cons of EagleFX and Orbex.
EagleFX Pros:
- Low minimum deposit of $10
- No deposit or withdrawal fees
- High leverage of 1:500
- Competitive spreads and commissions
- Cryptocurrency trading and funding
EagleFX Cons:
- Unregulated broker
- No analytical tools or market research
- Limited customer support hours
- Only one account type
Orbex Pros:
- Regulated by the FCA and CySEC
- Wide range of trading instruments
- Multiple account types to suit different traders
- Daily market analysis and access to Trading Central
- No deposit or withdrawal fees
Orbex Cons:
- Higher minimum deposit of $200-$500
- Higher commissions for some account types
- No cryptocurrency funding option
- Limited leverage for EU clients due to ESMA restrictions
