Compare FP Markets vs Orbex
What is FP Markets? What is Orbex ?
FP Markets is an Australian-based forex broker that offers CFD trading on forex, indices, commodities, stocks and cryptocurrencies. It was founded in 2005 and is regulated by ASIC and CySEC. It claims to provide low spreads, fast execution and deep liquidity.
Orbex is a Cyprus-based forex broker that offers trading on forex, precious metals, commodities, indices and futures. It was founded in 2010 and is regulated by CySEC, FSC Mauritius and FSA Seychelles. It claims to provide competitive pricing, no re-quotes and no hidden fees.
FP Markets vs Orbex Regulation Comparison
Both FP Markets and Orbex are regulated by CySEC, which is a reputable regulator in the European Union. However, FP Markets also holds an Australian Financial Services License (AFSL) from ASIC, which is another well-respected regulator in the Asia-Pacific region. This gives FP Markets an edge over Orbex in terms of regulatory oversight and protection for clients.
FP Markets vs Orbex Trading Assets Comparison
FP Markets offers a wider range of trading assets than Orbex, as it covers more than 10,000 instruments across various markets. FP Markets allows trading on 60+ currency pairs, 11 global indices, over 10,000 stocks, 4 cryptocurrencies, as well as commodities such as metals, energy and softs.
Orbex offers a more limited range of trading assets, as it covers only around 200 instruments across four markets. Orbex allows trading on 36 currency pairs, 11 global indices, 4 precious metals, as well as commodities such as oil and gas.
FP Markets vs Orbex Trading Fees Comparison
FP Markets and Orbex have different fee structures depending on the account type and platform chosen by the client. FP Markets offers two types of accounts: Standard and Raw. The Standard account has no commission but higher spreads, while the Raw account has lower spreads but a commission of $3 per lot per side. FP Markets also charges swap fees for holding positions overnight and an inactivity fee of $10 per month after 12 months of no trading activity.
Orbex offers four types of accounts: Classic, Standard, Premium and Ultimate. The Classic account has no commission but higher spreads, while the other three accounts have lower spreads but a commission of $6 per lot per side for Standard, $5 per lot per side for Premium and $4 per lot per side for Ultimate. Orbex also charges swap fees for holding positions overnight and an inactivity fee of $5 per month after six months of no trading activity.
FP Markets vs Orbex Account Types Comparison
FP Markets offers two types of accounts: Standard and Raw. The minimum deposit for both accounts is $100. The Standard account has a minimum spread of 1 pip and a maximum leverage of 500:1. The Raw account has a minimum spread of 0 pip and a maximum leverage of 500:1.
Orbex offers four types of accounts: Classic, Standard, Premium and Ultimate. The minimum deposit for the Classic account is $200, for the Standard account is $500, for the Premium account is $5,000 and for the Ultimate account is $25,000. The Classic account has a minimum spread of 1.9 pips and a maximum leverage of 500:1. The Standard account has a minimum spread of 1.5 pips and a maximum leverage of 300:1. The Premium account has a minimum spread of 1.2 pips and a maximum leverage of 200:1. The Ultimate account has a minimum spread of 0.8 pips and a maximum leverage of 100:1.
FP Markets vs Orbex Deposit Options Comparison
FP Markets supports various deposit and withdrawal options for clients, including bank wire transfer, credit/debit cards (Visa/Mastercard), e-wallets (Neteller/Skrill), online payment systems (PayPal/Poli) and cryptocurrencies (Bitcoin/Ethereum). FP Markets does not charge any fees for deposits or withdrawals, but third-party fees may apply depending on the method used.
Orbex supports fewer deposit and withdrawal options for clients, including bank wire transfer, credit/debit cards (Visa/Mastercard), e-wallets (Neteller/Skrill) and online payment systems (FasaPay/WebMoney). Orbex does not charge any fees for deposits or withdrawals, but third-party fees may apply depending on the method used.
FP Markets vs Orbex Trading Platforms Comparison
FP Markets offers two main trading platforms for clients: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are widely used and popular among traders, as they offer advanced charting, technical analysis, automated trading and custom indicators. FP Markets also provides a web-based version of MT4 and MT5, as well as mobile apps for iOS and Android devices.
Orbex offers only one trading platform for clients: MetaTrader 4 (MT4). This platform is also widely used and popular among traders, as it offers the same features as FP Markets’ MT4. Orbex also provides a web-based version of MT4, as well as mobile apps for iOS and Android devices.
FP Markets vs Orbex Analytical Tools Comparison
FP Markets provides various analytical tools for clients to enhance their trading experience, such as market news, economic calendar, trading signals, market analysis, webinars, ebooks and videos. FP Markets also offers a free VPS service for clients who trade more than 10 lots per month.
Orbex provides fewer analytical tools for clients to enhance their trading experience, such as market news, economic calendar, trading signals, market analysis and webinars. Orbex does not offer a free VPS service for clients.
FP Markets vs Orbex . Which forex broker is better? Which forex broker should you choose?
ere is no definitive answer as to which forex broker is better, as different brokers may suit different traders depending on their preferences, goals and strategies. However, FP Markets seems to have some advantages over Orbex, such as:
- More regulatory licenses and protection
- More trading assets and instruments
- More deposit and withdrawal options
- More trading platforms and features
- More analytical tools and resources
- Free VPS service
Ultimately, the choice is yours and you should do your own research and due diligence before opening an account with any broker.
