Compare InstaForex vs Orbex
What is InstaForex? What is Orbex ?
- InstaForex is a forex broker that was founded in 2007 and is regulated by the CySEC, the FSC, and the FSA. It offers over 300 trading instruments, including forex, CFDs, stocks, commodities, and cryptocurrencies. It has more than 7 million clients worldwide and provides various trading platforms, such as MetaTrader 4, MetaTrader 5, WebTrader, and mobile apps.
- Orbex is a forex broker that was established in 2010 and is regulated by the CySEC, the FSCA, and the FSA. It offers over 50 trading instruments, including forex, CFDs, metals, energies, and indices. It has more than 200 thousand clients globally and provides various trading platforms, such as MetaTrader 4, WebTrader, and mobile apps.
InstaForex vs Orbex Regulation Comparison
- Both InstaForex and Orbex are regulated by the Cyprus Securities and Exchange Commission (CySEC), which is a reputable regulatory authority in the European Union. They are also regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines, which is an offshore jurisdiction with less strict oversight.
- Additionally, InstaForex is regulated by the Financial Services Commission (FSC) of the British Virgin Islands, while Orbex is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa. These are both well-respected regulators that have high standards of investor protection and market integrity.
InstaForex vs Orbex Trading Assets Comparison
- InstaForex offers a wider range of trading assets than Orbex, with over 300 instruments compared to over 50 instruments. InstaForex has more forex pairs (107 vs 36), more CFDs (over 200 vs 14), more stocks (over 50 vs none), more commodities (8 vs 4), and more cryptocurrencies (6 vs none).
- Orbex has a slight edge in terms of metals (4 vs 3) and energies (4 vs 2), but these are minor differences compared to the overall diversity of InstaForex’s portfolio.
InstaForex vs Orbex Trading Fees Comparison
- InstaForex and Orbex have different fee structures depending on the account type and the trading instrument. InstaForex charges variable spreads that start from 0.8 pips for forex pairs and commissions that range from $0.03 to $0.10 per lot for CFDs. Orbex charges variable spreads that start from 0.6 pips for forex pairs and no commissions for CFDs.
- Both brokers also charge swap fees for holding positions overnight, which vary depending on the instrument and the direction of the trade. InstaForex offers swap-free accounts for Islamic traders, while Orbex offers swap discounts for certain account types.
- Both brokers do not charge deposit or withdrawal fees for most payment methods, but they may charge conversion fees for certain currencies or incur third-party fees from banks or payment providers.
InstaForex vs Orbex Account Types Comparison
- InstaForex offers four main account types: Standard, Eurica, ECN, and ECN Pro. The Standard and Eurica accounts have a minimum deposit of $1 and offer fixed or floating spreads respectively. The ECN and ECN Pro accounts have a minimum deposit of $1000 and offer variable spreads with commissions.
- Orbex offers four main account types: Classic, Standard, Premium, and Ultimate. The Classic account has a minimum deposit of $200 and offers fixed spreads with no commissions. The Standard account has a minimum deposit of $500 and offers variable spreads with no commissions. The Premium account has a minimum deposit of $5000 and offers lower variable spreads with no commissions. The Ultimate account has a minimum deposit of $25000 and offers the lowest variable spreads with no commissions.
InstaForex vs Orbex Deposit Options Comparison
- InstaForex and Orbex both offer a variety of deposit and withdrawal options, including bank wire transfer, credit/debit cards, e-wallets, and cryptocurrencies. InstaForex supports more than 20 payment methods, such as Skrill, Neteller, PayPal, Bitcoin, and Ethereum. Orbex supports more than 10 payment methods, such as Skrill, Neteller, FasaPay, Bitcoin, and Litecoin.
- Both brokers process deposits and withdrawals within 24 hours on business days, but the actual time may vary depending on the payment method and the bank or payment provider. Both brokers also have minimum and maximum limits for each payment method, which can be found on their websites.
InstaForex vs Orbex Trading Platforms Comparison
- InstaForex and Orbex both offer MetaTrader 4 as their main trading platform, which is a popular and user-friendly platform that supports multiple chart types, indicators, expert advisors, and trading tools. Both brokers also offer WebTrader, which is a web-based version of MetaTrader 4 that can be accessed from any browser without downloading or installing any software.
- Additionally, InstaForex offers MetaTrader 5, which is an upgraded version of MetaTrader 4 that has more features and capabilities, such as more timeframes, more order types, more indicators, and more trading instruments. InstaForex also offers mobile apps for iOS and Android devices that support both MetaTrader 4 and MetaTrader 5.
- Orbex does not offer MetaTrader 5 or any other trading platform besides MetaTrader 4. Orbex also offers mobile apps for iOS and Android devices that support only MetaTrader 4.
InstaForex vs Orbex Analytical Tools Comparison
- InstaForex and Orbex both offer various analytical tools to help traders make informed decisions and improve their trading performance. InstaForex provides market news, economic calendar, forex analysis, forex TV, trading signals, forex copy system, PAMM system, forex options, and contests. Orbex provides market news, economic calendar, forex analysis, trading signals, forex education, webinars, podcasts, ebooks, and videos.
- Both brokers also offer customer support via phone, email, live chat, and social media. InstaForex has a multilingual support team that is available 24/7. Orbex has a multilingual support team that is available from Monday to Friday from 9:00 to 23:00 GMT.
InstaForex vs Orbex . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading goals and risk appetite. However, there are a few factors you can consider:
- If you want a wider range of trading assets, especially stocks and cryptocurrencies, you may prefer InstaForex over Orbex.
- If you want lower spreads and no commissions, you may prefer Orbex over InstaForex.
- If you want more account types and more payment methods, you may prefer InstaForex over Orbex.
- If you want to use MetaTrader 5 or WebTrader, you may prefer InstaForex over Orbex.
- If you want more analytical tools and more customer support options, you may prefer InstaForex over Orbex.
In the end, the best way to decide which forex broker is better for you is to experiment for yourself. You can open a demo account with both brokers and test out their trading platforms, services and features without risking real money. You can also read online reviews and feedback from other traders who have used both brokers and see what they have to say about their experience.
