Compare HF Markets vs Orbex
What is HF Markets? What is Orbex ?
HF Markets is a forex broker that offers trading services in various markets, such as forex, CFDs, indices, commodities, metals, and cryptocurrencies. HF Markets is regulated by several authorities, such as FCA, CySEC, FSCA, FSC, and DFSA. HF Markets was established in 2010 and has offices in Cyprus, Dubai, South Africa, and Seychelles. HF Markets claims to have over 2.5 million live accounts and more than 35 industry awards.
Orbex is a forex broker that offers trading services in forex, CFDs, indices, commodities, metals, and futures. Orbex is regulated by CySEC and FCA and has been in operation since 2009. Orbex has offices in Cyprus and Kuwait and serves clients from over 50 countries. Orbex claims to have low spreads, fast execution, and dedicated customer support.
HF Markets vs Orbex Regulation Comparison
HF Markets has more regulatory licenses than Orbex, as it is authorized by six regulators in different jurisdictions, while Orbex is only authorized by two regulators. Both brokers are regulated by CySEC and FCA, which are reputable regulators that impose strict rules and standards on brokers. However, HF Markets also has licenses from FSCA (South Africa), FSC (Mauritius), FSA (Seychelles), and DFSA (Dubai), which may offer more protection and oversight for clients from those regions.
HF Markets vs Orbex Trading Assets Comparison
Both brokers offer a similar range of trading assets, such as forex, CFDs, indices, commodities, metals, and futures. However, HF Markets has an advantage over Orbex in terms of cryptocurrency trading, as it offers CFDs on Bitcoin, Ethereum, Litecoin, and Ripple, while Orbex does not offer any crypto products.
HF Markets vs Orbex Trading Fees Comparison
Both brokers charge variable spreads and commissions on their trading accounts. The spreads and commissions may vary depending on the account type, market conditions, and trading platform. The average spread for EUR/USD at HF Markets is 1.2 pips with a commission of $3 per lot round turn, while the average spread for EUR/USD at Orbex is 1.5 pips with a commission of $5 per lot round turn. Therefore, HF Markets may have lower trading costs than Orbex for this currency pair.
HF Markets vs Orbex Account Types Comparison
HF Markets offers six types of accounts: Micro, Premium, Zero Spread, Auto, PAMM (Percent Allocation Management Module), and HFCopy. The minimum deposit for these accounts ranges from $5 to $500. The maximum leverage for these accounts is 1:1000.
Orbex offers four types of accounts: Starter (previously known as Classic), Standard (previously known as Standard), Premium (previously known as Advanced), and Ultimate (previously known as ECN). The minimum deposit for these accounts ranges from $200 to $25,000. The maximum leverage for these accounts is 1:500.
HF Markets vs Orbex Deposit Options Comparison
HF Markets supports various deposit and withdrawal methods, such as credit/debit cards, wire transfer, Neteller, Skrill, FasaPay, Perfect Money, WebMoney, Crypto, Ethereum, Litecoin, and Ripple. HF Markets does not charge any fees for deposits or withdrawals, but third-party fees may apply. The processing time for deposits is instant or within one working day, while the processing time for withdrawals is within one working day.
Orbex supports fewer deposit and withdrawal methods than HF Markets, such as credit/debit cards, wire transfer, Neteller, Skrill, FasaPay, WebMoney, Perfect Money, and Tether (USDT). Orbex does not charge any fees for deposits or withdrawals, but third-party fees may apply. The processing time for deposits is instant or within one working day, while the processing time for withdrawals is within one working day.
HF Markets vs Orbex Trading Platforms Comparison
HF Markets offers two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are available as desktop applications, web-based platforms, and mobile apps. Both platforms support automated trading, one-click trading, pending orders, and trailing stop. MT5 has some additional features than MT4, such as more timeframes, more indicators, more order types, and an economic calendar.
Orbex only offers one trading platform: MetaTrader 4 (MT4). MT4 is available as a desktop application, a web-based platform, and a mobile app. MT4 supports automated trading, one-click trading, pending orders, and trailing stop. Orbex also provides some additional tools for MT4 users, such as Orbex TradeLab (a social trading network), Orbex Strategizer (an algorithmic trading tool), and Orbex MT4 MultiTerminal (a platform for managing multiple accounts).
HF Markets vs Orbex Analytical Tools Comparison
HF Markets and Orbex both provides various analytical tools for its clients, such as market news, market analysis, economic calendar, trading calculators, trading signals, webinars, and educational resources.
HF Markets vs Orbex . Which forex broker is better? Which forex broker should you choose?
The best forex broker for you may depend on your personal preferences, trading goals, risk appetite and other factors. Both HF Markets and Orbex have their own advantages and disadvantages, as I showed you in the previous comparison. Therefore, you should compare them based on criteria that are important to you and make your own decision. You can also see some online reviews and ratings from other traders who have used these brokers to get some insight and feedback.
