Compare Forexee vs Orbex
What is Forexee? What is Orbex?
Forexee is an online foreign exchange broker that offers ECN/STP trading services with tight spreads, low commissions, and fast execution. Forexee was founded in 2004 and is regulated by the Financial Services Authority of St. Vincent and the Grenadines.
Orbex is an online foreign exchange and CFD broker that offers trading services with zero spread accounts, ultra-fast execution, and negative balance protection. Orbex was founded in 2011 and is regulated by the Cyprus Securities and Exchange Commission (CySEC).
Forexee vs Orbex Regulation Comparison
Forexee is regulated by the Financial Services Authority of St. Vincent and the Grenadines (FSA), which is a low-tier offshore regulator that does not provide much protection or oversight for traders.
Orbex is regulated by the Cyprus Securities and Exchange Commission (CySEC), which is a high-tier regulator that follows the European Union’s MiFID II directive and offers investor compensation up to 20,000 EUR per client.
Forexee vs Orbex Trading Assets Comparison
Forexee offers trading on over 50 currency pairs, 4 metals, and 10 cryptocurrencies.
Orbex offers trading on over 50 currency pairs, 11 metals, 3 energies, 6 cash indices, and 3 stock CFDs.
Forexee vs Orbex Trading Fees Comparison
Forexee charges commissions from 1 USD per lot on its ECN accounts, and from 2.5 USD per lot on its STP accounts. Forexee also charges swap fees for holding positions overnight, and a 10 USD monthly inactivity fee after six months of no trading activity.
Orbex charges commissions from 0 USD per lot on its zero spread account, and from 8 USD per lot on its standard account. Orbex does not charge swap fees or inactivity fees.
Forexee vs Orbex Account Types Comparison
Forexee offers four types of accounts: Basic STP, Advanced ECN, Premium ECN, and Crypto. The minimum deposit for each account is 100 USD, 200 USD, 1000 USD, and 10 USD respectively. The maximum leverage for each account is 1:500, 1:500, 1:200, and 1:3 respectively.
Orbex offers two types of accounts: Standard and Zero Spread. The minimum deposit for each account is 200 USD and 500 USD respectively. The maximum leverage for both accounts is 1:500.
Forexee vs Orbex Deposit Options Comparison
Forexee supports deposit and withdrawal options via bank wire transfer, credit/debit cards, Skrill, Neteller, WebMoney, FasaPay, Perfect Money, Bitcoin, Litecoin, Ethereum, Tether, and USDC. Forexee does not charge any fees for deposits or withdrawals.
Orbex supports deposit and withdrawal options via bank wire transfer, credit/debit cards, Skrill, Neteller, WebMoney, FasaPay, K-net, MPesa, NganLuong.vn. Orbex does not charge any fees for deposits or withdrawals.
Forexee vs Orbex Trading Platforms Comparison
Forexee provides the MetaTrader 4 platform for desktop, web, and mobile devices. The platform offers advanced charting tools, market indicators, automated trading systems (EAs), and social trading features (MQL5).
Orbex provides the MetaTrader 4 and MetaTrader 5 platforms for desktop, web, and mobile devices. The platforms offer advanced charting tools, market indicators, automated trading systems (EAs), social trading features (MQL5), depth of market (DOM), economic calendar, and trading signals.
Forexee vs Orbex Analytical Tools Comparison
Forexee offers a range of analytical tools such as market news, economic calendar, forex calculator, forex glossary, VPS service (for a fee), and free forex signals for ECN account holders.
Orbex offers a range of analytical tools such as market news, economic calendar, forex calculator, forex glossary, VPS service (for free), free Trading Central research portal (for active clients), webinars, ebooks, videos, podcasts, articles, infographics, and quizzes.
Forexee vs Orbex. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences, trading goals, and risk appetite. However, here are some general comparisons between Forexee and Orbex that may help you make an informed decision.
- Regulation: Orbex has a clear advantage over Forexee in terms of regulation, as it is licensed by a reputable regulator (CySEC) that offers more protection and oversight for traders than an offshore regulator (FSA). Orbex also follows the EU’s MiFID II directive and offers investor compensation up to 20,000 EUR per client.
- Trading Assets: Forexee and Orbex offer similar trading assets, with over 50 currency pairs and various metals available. However, Forexee also offers 10 cryptocurrencies, while Orbex offers 3 energies, 6 cash indices, and 3 stock CFDs. Depending on your trading interests, you may prefer one broker over the other in terms of asset diversity.
- Trading Fees: Forexee and Orbex have different fee structures, with Forexee charging commissions on its ECN and STP accounts, and Orbex offering a zero spread account with no commissions. Forexee also charges swap fees and inactivity fees, while Orbex does not. You may want to compare the spreads, commissions, and swap rates of each broker to see which one suits your trading style and budget better.
- Account Types: Forexee and Orbex have different account types, with Forexee offering four types of accounts (Basic STP, Advanced ECN, Premium ECN, and Crypto), and Orbex offering two types of accounts (Standard and Zero Spread). The minimum deposit and maximum leverage vary for each account type. You may want to choose an account type that matches your trading capital and risk tolerance.
- Deposit and Withdrawal Options: Forexee and Orbex support similar deposit and withdrawal options, with both brokers accepting bank wire transfer, credit/debit cards, Skrill, Neteller, WebMoney, FasaPay, and some local payment methods. Forexee also accepts Bitcoin, Litecoin, Ethereum, Tether, and USDC as payment options. Both brokers do not charge any fees for deposits or withdrawals.
- Trading Platforms: Forexee and Orbex provide the MetaTrader 4 platform for desktop, web, and mobile devices. The platform offers advanced charting tools, market indicators, automated trading systems (EAs), and social trading features (MQL5). Orbex also provides the MetaTrader 5 platform, which offers some additional features such as depth of market (DOM), economic calendar, and trading signals.
- Analytical Tools: Forexee and Orbex offer a range of analytical tools such as market news, economic calendar, forex calculator, forex glossary, VPS service (for a fee for Forexee and for free for Orbex), free forex signals (for ECN account holders for Forexee), free Trading Central research portal (for active clients for Orbex), webinars, ebooks, videos, podcasts, articles, infographics, and quizzes.
In summary, Forexee and Orbex are both online forex brokers that offer trading services with different features and benefits. You may want to consider the following factors when choosing between them:
- Regulation: If you value security and protection over flexibility and convenience, you may prefer Orbex over Forexee.
- Trading Assets: If you are interested in trading cryptocurrencies or stock CFDs, you may prefer Forexee or Orbex respectively.
- Trading Fees: If you are looking for low-cost trading with zero spread accounts or no swap fees or inactivity fees, you may prefer Orbex over Forexee.
- Account Types: If you want to trade with high leverage or low minimum deposit requirements or access to crypto markets or zero spread accounts , you may prefer Forexee or Orbex respectively.
- Deposit and Withdrawal Options: If you want to use cryptocurrencies as payment options or avoid any fees for deposits or withdrawals , you may prefer Forexee over Orbex.
- Trading Platforms: If you want to use the latest version of MetaTrader with more features such as DOM or trading signals , you may prefer Orbex over Forexee.
- Analytical Tools: If you want to access free forex signals or Trading Central research portal or VPS service , you may prefer Forexee or Orbex respectively.
