Compare FX Choice vs Orbex
What is FX Choice? What is Orbex?
FX Choice is an online forex broker that provides competitive and superior service for over 10 years. It offers a range of products, such as forex, crypto, indices, commodities, and shares, on the MetaTrader 4 and MetaTrader 5 platforms. It also has a loyalty programme, a referral programme, and a deposit bonus for crypto deposits.
Orbex is an online forex broker that has been serving traders responsibly since 2011. It offers a range of products, such as forex, CFDs, commodities, indices, and stocks, on the MetaTrader 4 and MetaTrader 5 platforms. It also has a market research and education section, a trading central portal, and a deposit bonus for zero spread accounts.
Best Forex Brokers Ranking
| Rank | Broker | Review | Open Account | Bonus | Platform | Minimum Deposit | ECN |
|---|---|---|---|---|---|---|---|
| 1 | Exness |  | Open Exness account | 16$/lot | MT4, MT5, Exness, ... | 1$ | 10$ |
| 2 | IC Markets | | Open IC Markets account | - | MT4, MT5, cTrader | 200$ | 200$ |
| 3 | XM | | Open XM account | 30$ | MT4, MT5 | 5$ | - |
| 4 | XTB | | Open XTB account | 2000$ | MT4, xStation 5 | 1$ | 1$ |
| 5 | FBS | | Open FBS account | 140$ | MT4, MT5, FBS Trader | 1$ | 1000$ |
FX Choice vs Orbex Regulation Comparison
FX Choice is regulated by the International Financial Services Commission (IFSC) of Belize with license number IFSC/60/191/TS/19.
Orbex is regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 124/10.
FX Choice vs Orbex Trading Assets Comparison
FX Choice offers up to 36 forex pairs, the most popular crypto coins, various indices CFDs, gold, silver and oil, and some of the favourite companies’ shares.
Orbex offers over 50 forex pairs, CFDs on commodities, indices, stocks, futures, energies, metals, and cryptocurrencies.
FX Choice vs Orbex Trading Fees Comparison
FX Choice charges different fees depending on the account type. For the Classic account, there are no commissions but the spreads start from 0.5 pips. For the Pro account, there are commissions of $3.5 per lot per side but the spreads start from 0 pips. For the Optimum account, there are commissions of $1 per lot per side but the spreads start from 0 pips as well.
Orbex charges different fees depending on the account type. For the Standard account, there are no commissions but the spreads start from 1.5 pips. For the Premium account, there are no commissions but the spreads start from 1.2 pips. For the Ultimate account, there are no commissions but the spreads start from 0.8 pips. For the Zero Spread account, there are commissions of $10 per lot per side but the spreads start from 0 pips.
FX Choice vs Orbex Account Types Comparison
FX Choice offers three types of accounts: Classic, Pro, and Optimum. The Classic account has a minimum deposit of $100 and a leverage of up to 1:2000. The Pro account has a minimum deposit of $100 and a leverage of up to 1:2000 as well. The Optimum account has a minimum deposit of $10 and a leverage of up to 1:1000.
Orbex offers four types of accounts: Standard, Premium, Ultimate, and Zero Spread. The Standard account has a minimum deposit of $200 and a leverage of up to 1:500. The Premium account has a minimum deposit of $5000 and a leverage of up to 1:300. The Ultimate account has a minimum deposit of $25000 and a leverage of up to 1:100. The Zero Spread account has a minimum deposit of $500 and a leverage of up to 1:500.
FX Choice vs Orbex Deposit Options Comparison
FX Choice offers various deposit and withdrawal options, such as bank wire transfer, credit/debit cards, Skrill, Neteller, Perfect Money, Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ripple, Tether USD/EUR/GBP/CNH/AUD/CAD/CHF/JPY/RUB/ZAR/BRL/MXN/SGD/NZD/HKD/TRY/NOK/SEK/DKK/PLN/CZK/HUF/RON/BGN/HRK/MYR/THB/VND/IDR/PEN/COP/CLP/ARS/PYG/UYU/BTC/BCH/LTC/ETH/XRP/USDT/EOS/XLM/TRX/XMR/DASH/ZEC/BAT/LINK/MKR/PAXG/PAX/DOT/GRT/SUSHI/YFI/AAVE/SNX/UNI/BNT/KNC/ZRX/LRC/WBTC/OXT/BAL/KAVA/BAND/LINKDOWN/LINKUP/DOTDOWN/DOTUP/SUSHIDOWN/SUSHIUP/YFIDOWN/YFIUP/AAVEDOWN/AAVEDUP/SNXDOWN/SNXUP/UNIDOWN/UNIUP/BNTDOWN/BNTUP/KNCUP/KNCDOWN/ZRXUP/ZRXDOWN/LRCUP/LRCDOWN/WBTCUP/WBTCDOWN/OXTUP/OXTDOWN/BALUP/BALDOWN/KAVAUP/KAVALINK/BANDUP/BANDDOWN. There are no fees for deposits, but there may be fees for withdrawals depending on the method.
Orbex offers various deposit and withdrawal options, such as bank wire transfer, credit/debit cards, Skrill, Neteller, WebMoney, FasaPay, K-net, UnionPay, MPesa, and Orbex prepaid card. There are no fees for deposits or withdrawals.
FX Choice vs Orbex Trading Platforms Comparison
FX Choice offers the MetaTrader 4 and MetaTrader 5 platforms for desktop, web, and mobile devices. The platforms are fast and efficient, allowing traders to execute orders in just 0.03 seconds on average. The platforms also support various trading tools, such as indicators, expert advisors, scripts, and signals.
Orbex offers the MetaTrader 4 and MetaTrader 5 platforms for desktop, web, and mobile devices as well. The platforms are user-friendly and reliable, providing fast and smooth execution across a wide range of assets. The platforms also support various trading tools, such as indicators, expert advisors, scripts, and signals.
FX Choice vs Orbex Analytical Tools Comparison
FX Choice offers a range of analytical tools to its clients, such as market news, economic calendar, trading calculators, VPS service, Autochartist, and Myfxbook Autotrade.
Orbex offers a range of analytical tools to its clients as well, such as market news, economic calendar, trading calculators, VPS service, Trading Central portal, and Orbex TradeLab.
FX Choice vs Orbex. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which one you should choose, as it depends on your personal preferences, trading style, and goals. However, based on the comparison between FX Choice and Orbex, you may consider some of the following factors:
- Regulation: FX Choice is regulated by the IFSC of Belize, while Orbex is regulated by the CySEC of Cyprus. Both regulators are reputable and trustworthy, but you may prefer one over the other depending on your location, legal protection, and customer service .
- Trading Assets: FX Choice and Orbex offer a similar range of trading assets, such as forex, CFDs, commodities, indices, stocks, and cryptocurrencies. However, Orbex has a slightly larger number of forex pairs and CFDs than FX Choice .
- Trading Fees: FX Choice and Orbex have different fee structures depending on the account type. FX Choice charges commissions for the Pro and Optimum accounts, but has lower spreads than the Classic account. Orbex charges commissions only for the Zero Spread account, but has higher spreads for the other accounts. You may compare the fees based on your trading volume, frequency, and strategy .
- Account Types: FX Choice and Orbex have different account types that cater to different levels of traders. FX Choice has a lower minimum deposit requirement than Orbex for all account types, but also has a higher leverage ratio. Orbex has a higher minimum deposit requirement than FX Choice for all account types, but also has a lower leverage ratio. You may choose the account type that suits your risk appetite, capital, and trading style .
- Deposit and Withdrawal Options: FX Choice and Orbex have various deposit and withdrawal options that are convenient and secure. FX Choice has more options than Orbex, especially for crypto deposits and withdrawals. However, FX Choice may charge fees for some withdrawal methods, while Orbex does not charge any fees for deposits or withdrawals .
- Trading Platforms: FX Choice and Orbex both offer the MetaTrader 4 and MetaTrader 5 platforms for desktop, web, and mobile devices. The platforms are similar in terms of functionality, performance, and user interface. However, you may prefer one platform over the other based on your personal preference or experience .
- Analytical Tools: FX Choice and Orbex both offer a range of analytical tools to help their clients make informed trading decisions. FX Choice offers Autochartist and Myfxbook Autotrade as additional tools, while Orbex offers Trading Central portal and Orbex TradeLab as additional tools. You may compare the features and benefits of each tool to see which one meets your needs .
Ultimately, the choice between FX Choice and Orbex is up to you. You may want to do more research on each broker before making a final decision. You can also try their demo accounts to test their services and platforms without risking any real money.
