Compare MTrading vs Orbex
What is MTrading? What is Orbex?
MTrading is a forex broker that offers trading in CFDs, cryptocurrencies, commodities, and indices. MTrading is regulated by the International Financial Services Commission (IFSC) of Belize and has been operating since 2014.
Orbex is a forex broker that offers trading in CFDs, commodities, indices, and stocks. Orbex is regulated by the Cyprus Securities and Exchange Commission (CySEC) of Cyprus and has been operating since 2011.
MTrading vs Orbex Regulation Comparison
Both MTrading and Orbex are regulated by reputable authorities, but Orbex has a higher level of regulation as it is subject to the European Union’s Markets in Financial Instruments Directive (MiFID) II, which provides more protection and transparency for traders. MTrading is regulated by the IFSC of Belize, which is a less strict regulator that does not impose any minimum capital requirements or compensation schemes for traders.
MTrading vs Orbex Trading Assets Comparison
Both MTrading and Orbex offer a wide range of trading assets, but Orbex has more variety as it also offers trading in stocks. MTrading offers over 100 instruments, including 40 currency pairs, 5 cryptocurrencies, 18 commodities, and 40 indices. Orbex offers over 200 instruments, including 36 currency pairs, 4 cryptocurrencies, 12 commodities, 18 indices, and 130 stocks.
MTrading vs Orbex Trading Fees Comparison
Both MTrading and Orbex charge competitive trading fees, but they have different fee structures. MTrading offers four types of accounts: Standard, Pro, ECN Classic, and ECN Elite. The Standard account has no commission but higher spreads, while the other accounts have lower spreads but charge a commission per lot traded. The minimum deposit for all accounts is $100.
Orbex offers three types of accounts: Standard, Premium, and VIP. The Standard account has no commission but higher spreads, while the Premium and VIP accounts have lower spreads but charge a commission per lot traded. The minimum deposit for the Standard account is $200, while the Premium and VIP accounts require $5,000 and $25,000 respectively.
MTrading vs Orbex Account Types Comparison
Both MTrading and Orbex offer different account types to suit different trading styles and preferences, but Orbex has higher minimum deposit requirements for its premium accounts. MTrading offers four types of accounts: Standard, Pro, ECN Classic, and ECN Elite. The Standard account is suitable for beginners and casual traders who want to trade with no commission and fixed spreads. The Pro account is suitable for experienced traders who want to trade with variable spreads and leverage up to 1:1000. The ECN Classic and ECN Elite accounts are suitable for professional traders who want to trade with raw spreads and leverage up to 1:500. The ECN Elite account also offers free VPS service and personal account manager.
Orbex offers three types of accounts: Standard, Premium, and VIP. The Standard account is suitable for beginners and casual traders who want to trade with no commission and fixed spreads. The Premium account is suitable for experienced traders who want to trade with variable spreads and leverage up to 1:500. The VIP account is suitable for professional traders who want to trade with raw spreads and leverage up to 1:300. The VIP account also offers free VPS service, personal account manager, free SMS signals, free research reports, and priority withdrawals.
MTrading vs Orbex Deposit Options Comparison
Both MTrading and Orbex offer various deposit and withdrawal options for their clients, but MTrading has more flexibility as it does not charge any fees for deposits or withdrawals.
MTrading accepts deposits and withdrawals via bank wire transfer, credit/debit cards, Skrill, Neteller, FasaPay, WebMoney, Perfect Money, Bitcoin, Ethereum, Tether, Binance Coin, Tronix Coin. Orbex accepts deposits and withdrawals via bank wire transfer, credit/debit cards, Skrill, Neteller, WebMoney, FasaPay, K-net.
MTrading vs Orbex Trading Platforms Comparison
Both MTrading and Orbex use the MetaTrader 4 (MT4) platform as their main trading platform. MT4 is a popular and user-friendly platform that offers fast execution, advanced charting tools, customizable indicators, expert advisors, and automated trading.
However, Orbex also offers the MetaTrader 5 (MT5) platform as an alternative option. MT5 is an upgraded version of MT4 that offers more features and functionalities, such as more timeframes, more order types, more technical analysis tools, economic calendar, depth of market, and multi-asset trading.
MTrading vs Orbex Analytical Tools Comparison
Both MTrading and Orbex provide their clients with various analytical tools and educational resources to help them improve their trading skills and knowledge. MTrading offers daily market analysis, webinars, seminars, ebooks, videos, articles, and a copy trading platform that allows traders to follow and copy the trades of successful traders. Orbex offers daily market analysis, webinars, seminars, ebooks, videos, articles, podcasts, and a partnership with Trading Central, a leading provider of technical analysis and market research.
MTrading vs Orbex. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a personal decision that depends on your trading goals, preferences, and risk appetite. There is no definitive answer to which broker is better, as both MTrading and Orbex have their own strengths and weaknesses. However, here are some possible factors that you may want to consider:
- If you are looking for a higher level of regulation and protection, you may prefer Orbex, as it is regulated by the CySEC of Cyprus and subject to the MiFID II of the EU. MTrading is regulated by the IFSC of Belize, which is a less strict regulator that does not impose any minimum capital requirements or compensation schemes for traders.
- If you are looking for more variety and diversity in trading assets, you may prefer Orbex, as it offers trading in stocks in addition to CFDs, commodities, indices, and cryptocurrencies. MTrading does not offer trading in stocks, but it has more cryptocurrency options than Orbex.
- If you are looking for lower trading fees and more flexibility in deposit and withdrawal options, you may prefer MTrading, as it does not charge any fees for deposits or withdrawals and accepts various payment methods, including Bitcoin, Ethereum, Tether, Binance Coin, and Tronix Coin. Orbex charges fees for some deposit and withdrawal methods and does not accept cryptocurrencies as payment.
- If you are looking for different trading platforms and features, you may prefer Orbex, as it offers both MT4 and MT5 platforms, which have more functionalities and capabilities than MT4 alone. MTrading only offers MT4 platform, which is still a popular and user-friendly platform that offers fast execution, advanced charting tools, customizable indicators, expert advisors, and automated trading.
- If you are looking for various analytical tools and educational resources, you may prefer either MTrading or Orbex, as they both provide their clients with daily market analysis, webinars, seminars, ebooks, videos, articles, and other useful materials to help them improve their trading skills and knowledge . However, Orbex has a partnership with Trading Central, a leading provider of technical analysis and market research, which may give it an edge over MTrading in terms of quality and reliability of information.
Ultimately, the choice between MTrading and Orbex depends on your personal preferences and needs. You may want to try out their demo accounts first to get a feel of their trading conditions and services before making a final decision.
