Compare FreshForex vs Orbex
What is FreshForex? What is Orbex ?
FreshForex is a brand that provides access to online trading for clients from more than 200 countries all over the world. The company’s partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 18 years.
Orbex is a global broker that offers forex and CFD trading on various assets, such as commodities, indices and stocks. Orbex has been serving traders responsibly since 2011, winning several awards along the way. Orbex also offers access to the award-winning Trading Central research portal, which provides market analysis and trading signals.
FreshForex vs Orbex Regulation Comparison
FreshForex is regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines under license number 20623 IBC 2012.
Orbex is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 124/10, the Financial Sector Conduct Authority (FSCA) of South Africa under license number 49228, and the Financial Services Commission (FSC) of Mauritius under license number C116016172.
FreshForex vs Orbex Trading Assets Comparison
FreshForex offers trading on over 130 instruments, including forex, metals, indices, energies, stocks and cryptocurrencies.
Orbex offers trading on over 250 instruments, including forex, metals, indices, energies, stocks and ETFs.
FreshForex vs Orbex Trading Fees Comparison
FreshForex has four types of accounts: Classic, Market Pro, ECN and Swap Free. The Classic account has no commission and spreads from 2 pips. The Market Pro account has no commission and spreads from 0.9 pips. The ECN account has a commission of $6 per lot and spreads from 0 pips. The Swap Free account has no swap charges and spreads from 0.9 pips.
Orbex has five types of accounts: Standard Fixed Spread, Standard Variable Spread, Premium Variable Spread, VIP Variable Spread and Zero Spread. The Standard Fixed Spread account has no commission and fixed spreads from 1.9 pips. The Standard Variable Spread account has no commission and variable spreads from 1.5 pips. The Premium Variable Spread account has no commission and variable spreads from 1.2 pips. The VIP Variable Spread account has no commission and variable spreads from 0.8 pips. The Zero Spread account has a commission of $10 per lot and variable spreads from 0 pips.
FreshForex vs Orbex Account Types Comparison
FreshForex allows traders to open accounts in USD, EUR or RUB currencies. The minimum deposit is $1 for all accounts except ECN, which requires $200. The maximum leverage is 1:2000 for all accounts except ECN, which has a leverage of 1:1000.
Orbex allows traders to open accounts in USD or EUR currencies. The minimum deposit is $200 for Standard Fixed Spread and Standard Variable Spread accounts, $500 for Premium Variable Spread account, $5000 for VIP Variable Spread account and $500 for Zero Spread account. The maximum leverage is 1:500 for all accounts.
FreshForex vs Orbex Deposit Options Comparison
FreshForex offers various deposit and withdrawal options, such as bank wire transfer, credit/debit cards, e-wallets (Neteller, Skrill, WebMoney, FasaPay etc.), cryptocurrencies (Bitcoin, Ethereum etc.) and local payment methods (Perfect Money etc.). FreshForex does not charge any fees for deposits or withdrawals.
Orbex offers various deposit and withdrawal options, such as bank wire transfer, credit/debit cards, e-wallets (Neteller, Skrill etc.) and local payment methods (KNET etc.). Orbex does not charge any fees for deposits or withdrawals.
FreshForex vs Orbex Trading Platforms Comparison
FreshForex supports the MetaTrader 4 (MT4) platform for desktop, web and mobile devices (Android and iOS). MT4 is a popular and user-friendly platform that offers various features such as market order execution, unlimited number of charts, signals about system and trade events and privacy policy of all operations.
Orbex supports the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for desktop, web and mobile devices (Android and iOS). MT4 and MT5 are advanced and powerful platforms that offer various features such as extended set of time frames, 6 types of pending orders, deep history of quotes and charts, built-in economic calendar and scalping and hedging allowed.
FreshForex vs Orbex Analytical Tools Comparison
FreshForex provides various analytical tools for traders, such as daily market reviews, forex forecasts, trading signals, economic calendar, forex encyclopedia and webinars.
Orbex provides various analytical tools for traders, such as daily market analysis, trading signals, economic calendar, webinars, podcasts, ebooks and Trading Central research portal.
FreshForex vs Orbex . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading goals, risk appetite, budget and other factors. However, here are some possible advantages and disadvantages of each broker:
FreshForex advantages:
- Higher leverage (up to 1:2000)
- Lower minimum deposit ($1 for most accounts)
- More trading instruments (including cryptocurrencies)
- No fees for deposits or withdrawals
- Swap free account option
FreshForex disadvantages:
- Less regulated (only by FSA of St. Vincent and the Grenadines)
- No MT5 platform support
- No fixed spread account option
- Higher spreads on some accounts
Orbex advantages:
- More regulated (by CySEC, FSCA and FSC)
- MT4 and MT5 platform support
- Fixed spread account option
- Lower spreads on some accounts
- Access to Trading Central research portal
Orbex disadvantages:
- Lower leverage (up to 1:500)
- Higher minimum deposit ($200 for most accounts)
- Fewer trading instruments (no cryptocurrencies)
- No swap free account option
In the end, the choice is yours. You can try both brokers with a demo account before deciding which one is more suitable for you.
