Compare Orbex vs eToro
What is Orbex? What is eToro?
Orbex is a forex and CFD broker that offers trading services for various assets, such as currencies, commodities, indices, and stocks. Orbex was founded in 2011 and is regulated by various authorities around the world.
eToro is a multi-asset platform that allows users to trade and invest in stocks, crypto, ETFs, and more. eToro was founded in 2007 and is also regulated by various authorities around the world.
Orbex vs eToro Regulation Comparison
Both Orbex and eToro are regulated by reputable financial regulators, such as the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) in the UK, and the Australian Securities and Investments Commission (ASIC).
However, eToro also has additional licenses from the US Commodity Futures Trading Commission (CFTC), the Financial Services Agency (FSA) in Japan, and the Financial Sector Conduct Authority (FSCA) in South Africa.
Orbex vs eToro Trading Assets Comparison
Orbex offers trading services for over 200 instruments, including forex, metals, energies, indices, equities, ETFs, and futures.
eToro offers trading and investing services for over 3,000 instruments, including stocks, crypto, ETFs, commodities, currencies, indices, and copy portfolios.
Orbex vs eToro Trading Fees Comparison
Orbex charges variable spreads starting from 0.0 pips on some account types, as well as commissions of $1 per side on its zero spread account. Orbex also charges swap fees for overnight positions and a $5 monthly inactivity fee after six months of no trading activity.
eToro does not charge any commissions or spreads on stock and ETF trading, but it does charge variable spreads on other instruments, such as forex, crypto, commodities, and indices. eToro also charges overnight fees for leveraged positions and a $10 monthly inactivity fee after 12 months of no trading activity.
Orbex vs eToro Account Types Comparison
Orbex offers four types of accounts: Standard ($200 minimum deposit), Premium ($5,000 minimum deposit), VIP ($25,000 minimum deposit), and Zero Spread ($500 minimum deposit). All accounts have access to the same trading platforms and educational resources, but differ in terms of spreads, commissions, leverage, and minimum trade size.
eToro offers only one type of account: Retail ($200 minimum deposit). However, eToro also has a Club program that provides different benefits depending on the user’s equity level. The Club tiers are Silver ($5,000 equity), Gold ($10,000 equity), Platinum ($25,000 equity), Platinum+ ($50,000 equity), and Diamond ($250,000 equity). Some of the benefits include lower spreads, higher leverage, free withdrawals, dedicated account managers, exclusive webinars, and access to Trading Central.
Orbex vs eToro Deposit Options Comparison
Orbex accepts deposits and withdrawals via bank wire transfer, credit/debit cards (Visa/Mastercard), Skrill/Neteller/Moneybookers/FasaPay/WebMoney/PayPal/UnionPay/ePayments/Netbanx/Sticpay/Trustly/Sofort/Klarna/Rapid Transfer/iDeal/Przelewy24/Giropay/EPS/Multibanco/Teleingreso/Neosurf/Bancontact/Mister Cash/Paysafecard/CashU/Qiwi Wallet/Yandex Money/Jeton Wallet/Perfect Money/Dusupay/AstroPay Card/AstroPay Direct/M-Pesa Kenya/M-Pesa Tanzania/EcoPayz/Bitcoin/Ethereum/Litecoin/Ripple/Tether/Binance Coin/Cardano/Dogecoin/Polkadot/Tron/Stellar/Solana/Chainlink/Uniswap/VeChain/Filecoin/Aave/BAT/Zcash/Dash/Monero/Neo/IOTA/Cosmos/Tezos/Algorand/Compound/Maker/Yearn.Finance/SushiSwap/OMG Network/0x/Kyber Network/Civic/Gnosis/Aragon/Basic Attention Token/Bancor/Decentraland/District0x/FunFair/Golem/Matchpool/Melon/Numeraire/Salt/Storj. Orbex does not charge any fees for deposits or withdrawals, but third-party fees may apply.
eToro accepts deposits and withdrawals via bank wire transfer, credit/debit cards (Visa/Mastercard), Skrill/Neteller/PayPal/WebMoney/Yandex Money/Giropay/Wirecard/China Union Pay/Payoneer/Sofort Banking/Rapid Transfer/Klarna/iDeal/Bancontact/Mister Cash/EPS/Trustly/Zimpler/EcoPayz/Vocalink by Mastercard/eToro Money Transfer Service Provider/eToro Wallet. eToro charges a $5 withdrawal fee and a conversion fee for non-USD deposits and withdrawals.
Orbex vs eToro Trading Platforms Comparison
Orbex offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for desktop, web, and mobile devices. These platforms are widely used and recognized by traders of all levels, as they provide fast and reliable execution, advanced charting and analysis tools, automated trading features, and a large community of users and developers.
eToro offers its own proprietary platform for desktop, web, and mobile devices. This platform is user-friendly and intuitive, as it allows users to trade and invest in various assets, copy the moves of other investors, create and join social groups, and access market news and research
Orbex vs eToro Analytical Tools Comparison
Orbex provides various analytical tools for its clients, such as daily market analysis, trading signals, economic calendar, webinars, ebooks, videos, podcasts, articles, and blogs. Orbex also offers access to Trading Central, a leading provider of technical analysis and market insights.
eToro also provides various analytical tools for its users, such as daily market analysis, economic calendar, social newsfeed, webinars, podcasts, articles, blogs, and videos. eToro also offers access to Delta ESG, a tool that helps users measure the environmental, social, and governance impact of their investments.
Orbex vs eToro. 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 different brokers may suit different traders depending on their preferences, goals, and strategies. However, here are some possible factors that you may want to consider:
- If you are looking for a wider range of trading instruments, especially stocks and crypto, you may prefer eToro, as it offers over 3,000 instruments compared to Orbex’s 200 .
- If you are looking for lower trading costs, especially for forex and CFD trading, you may prefer Orbex, as it offers zero spread accounts and no deposit or withdrawal fees .
- If you are looking for more account options and flexibility, you may prefer Orbex, as it offers four types of accounts with different features and benefits . However, if you are looking for more social and copy trading features, you may prefer eToro, as it offers a Club program and a proprietary platform that allows you to interact and learn from other traders .
- If you are looking for more platform options and customization, you may prefer Orbex, as it offers the popular and reliable MT4 and MT5 platforms that have many advanced tools and features [9. However, if you are looking for a more user-friendly and intuitive platform, you may prefer eToro, as it offers its own platform that is easy to use and navigate [8] [9].
Ultimately, the best way to decide which broker is better for you is to try them out yourself and see which one meets your needs and expectations. You can open a demo account with both brokers and test their services before committing to a real account.
