Compare Orbex vs Coinexx
What is Orbex? What is Coinexx?
Orbex is a forex broker that offers trading services in various instruments, such as forex, CFDs, commodities, indices and stocks. Orbex is regulated by the FCA in the UK and the CySEC in Cyprus.
Coinexx is a crypto forex broker that offers trading services in forex and crypto currencies with low spreads and commissions. Coinexx is not regulated by any authority and does not require any verification documents from its clients.
Orbex vs Coinexx Regulation Comparison
Orbex has a higher level of regulation than Coinexx, as it is authorized by two reputable regulators in Europe: the FCA and the CySEC. These regulators ensure that Orbex complies with strict rules regarding client funds protection, segregation of accounts, anti-money laundering, and fair trading practices.
Coinexx, on the other hand, does not have any regulation and operates as an offshore broker. This means that Coinexx does not have to follow any regulatory standards and may pose a higher risk for traders who deposit their funds with them.
Orbex vs Coinexx Trading Assets Comparison
Orbex offers a wider range of trading assets than Coinexx, as it provides access to more than 200 instruments, including forex, CFDs, commodities, indices and stocks.
Coinexx only offers forex and crypto currencies as its trading assets, with 60 currency pairs and 25 altcoins available. However, Coinexx may appeal to traders who are interested in trading crypto currencies with high leverage and low costs.
Orbex vs Coinexx Trading Fees Comparison
Coinexx has lower trading fees than Orbex, as it offers zero spread accounts with only $1 commission per side per lot. Orbex charges variable spreads that start from 0.8 pips on its standard accounts and 0 pips on its zero spread accounts, but with higher commissions of $10 per side per lot. Both brokers do not charge any deposit or withdrawal fees, but Coinexx only accepts crypto currencies as its payment methods, while Orbex accepts various fiat currencies and online payment options.
Orbex vs Coinexx Account Types Comparison
Orbex has four types of accounts: Standard, Premium, VIP and Zero Spread. The minimum deposit for these accounts ranges from $100 to $25,000, depending on the account type. The maximum leverage for these accounts is 1:400 for forex and 1:100 for CFDs. Orbex also offers Islamic accounts that are swap-free for Muslim traders.
Coinexx has only one type of account: ECN. The minimum deposit for this account is 0.001 BTC or equivalent in other crypto currencies. The maximum leverage for this account is 1:500 for both forex and crypto currencies. Coinexx does not offer Islamic accounts or any other special features.
Orbex vs Coinexx Deposit Options Comparison
Orbex offers more deposit and withdrawal options than Coinexx, as it supports various fiat currencies and online payment methods, such as credit/debit cards, wire transfer, Skrill, Neteller and UnionPay. The processing time for these methods varies from instant to 3-5 business days.
Coinexx only accepts crypto currencies as its deposit and withdrawal methods, such as Bitcoin, Litecoin, Ethereum, Monero and Dash. The processing time for these methods is usually within 24 hours.
Orbex vs Coinexx Trading Platforms Comparison
Both brokers offer the MetaTrader 4 and MetaTrader 5 platforms as their trading platforms. These platforms are widely used by traders around the world for their advanced features, such as charting tools, indicators, expert advisors, scripts and more. Both brokers also provide mobile versions of these platforms for Android and iOS devices.
However, Orbex also offers another platform called ETX TraderPro, which is a proprietary platform that has more customization options and analytical tools than the MetaTrader platforms.
Orbex vs Coinexx Analytical Tools Comparison
Orbex has more analytical tools than Coinexx, as it provides daily market analysis, trading signals, quarterly market projections and educational content from its in-house research team and external partners. Orbex also offers access to the Trading Central portal, which is a suite of market-scanning tools that help traders identify trading opportunities and improve their strategies.
Coinexx does not offer any analytical tools or research materials on its website or platform.
Orbex vs Coinexx. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better, as different brokers may suit different traders depending on their preferences, goals and strategies. However, here are some general suggestions on which broker you should choose based on some common criteria:
- If you are looking for a regulated and reliable broker that follows strict rules and standards to protect your funds and interests, then you should choose Orbex. Orbex is authorized by two reputable regulators in Europe: the FCA and the CySEC . These regulators ensure that Orbex complies with strict rules regarding client funds protection, segregation of accounts, anti-money laundering, and fair trading practices . Coinexx, on the other hand, does not have any regulation and operates as an offshore broker. This means that Coinexx does not have to follow any regulatory standards and may pose a higher risk for traders who deposit their funds with them.
- If you are looking for a low-cost and high-leverage broker that offers trading services in forex and crypto currencies, then you should choose Coinexx. Coinexx offers zero spread accounts with only $1 commission per side per lot. Coinexx also offers a maximum leverage of 1:500 for both forex and crypto currencies. Orbex charges variable spreads that start from 0.8 pips on its standard accounts and 0 pips on its zero spread accounts, but with higher commissions of $10 per side per lot. Orbex also offers a lower maximum leverage of 1:400 for forex and 1:100 for CFDs.
- If you are looking for a diverse and flexible broker that offers trading services in various instruments and account types, then you should choose Orbex. Orbex offers access to more than 200 instruments, including forex, CFDs, commodities, indices and stocks. Orbex also has four types of accounts: Standard, Premium, VIP and Zero Spread. The minimum deposit for these accounts ranges from $100 to $25,000, depending on the account type. Orbex also offers Islamic accounts that are swap-free for Muslim traders. Coinexx only offers forex and crypto currencies as its trading assets, with 60 currency pairs and 25 altcoins available. Coinexx also has only one type of account: ECN. The minimum deposit for this account is 0.001 BTC or equivalent in other crypto currencies. Coinexx does not offer Islamic accounts or any other special features.
- If you are looking for a convenient and secure broker that offers various deposit and withdrawal options and supports fiat currencies, then you should choose Orbex. Orbex supports various fiat currencies and online payment methods, such as credit/debit cards, wire transfer, Skrill, Neteller and UnionPay. The processing time for these methods varies from instant to 3-5 business days. Orbex also ensures that your funds are safe and secure by using SSL encryption, segregated accounts and negative balance protection. Coinexx only accepts crypto currencies as its deposit and withdrawal methods, such as Bitcoin, Litecoin, Ethereum, Monero and Dash. The processing time for these methods is usually within 24 hours. Coinexx does not provide any security measures or guarantees for your funds.
- If you are looking for an advanced and customizable broker that offers various trading platforms and analytical tools, then you should choose Orbex. Orbex offers the MetaTrader 4 and MetaTrader 5 platforms as well as its own proprietary platform called ETX TraderPro. These platforms are widely used by traders around the world for their advanced features, such as charting tools, indicators, expert advisors, scripts and more. Orbex also provides daily market analysis, trading signals, quarterly market projections and educational content from its in-house research team and external partners. Orbex also offers access to the Trading Central portal, which is a suite of market-scanning tools that help traders identify trading opportunities and improve their strategies. Coinexx only offers the MetaTrader 4 and MetaTrader 5 platforms as its trading platforms. These platforms have similar features as the ones offered by Orbex, but Coinexx does not offer any additional platforms or analytical tools on its website or platform.
