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Compare Orbex vs Globex360. Should trade at Orbex or Globex360?

brokerinfor by brokerinfor
30 August, 2023
in Compare, Compare Forex Brokers
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OrbexGlobex360

Table of contents

  1. Compare Orbex vs Globex360
  2. What is Orbex? What is Globex360?
  3. Orbex vs Globex360 Regulation Comparison
  4. Orbex vs Globex360 Trading Assets Comparison
  5. Orbex vs Globex360 Trading Fees Comparison
  6. Orbex vs Globex360 Account Types Comparison
  7. Orbex vs Globex360 Deposit Options Comparison
  8. Orbex vs Globex360 Trading Platforms Comparison
  9. Orbex vs Globex360 Analytical Tools Comparison
  10. Orbex vs Globex360. Which forex broker is better? Which forex broker should you choose?

Compare Orbex vs Globex360

What is Orbex? What is Globex360?

Orbex is a forex and CFD broker that offers trading on various assets, such as commodities, indices, and stocks. Orbex is regulated by the Cyprus Securities and Exchange Commission (CySEC) and has been operating since 2011.

Globex360 is a forex and CFD broker that also offers trading on various assets, such as commodities, indices, and stocks. Globex360 is regulated by the South African Financial Sector Conduct Authority (FSCA) and has been operating since 2017.

Orbex vs Globex360 Regulation Comparison

Orbex is regulated by the CySEC, which is a reputable and strict regulator in the European Union. CySEC requires brokers to adhere to high standards of security, transparency, and investor protection. CySEC also participates in the Investor Compensation Fund (ICF), which covers up to 20,000 EUR per client in case of broker insolvency.

Globex360 is regulated by the FSCA, which is the main regulator in South Africa. FSCA oversees the financial sector and ensures that brokers comply with the relevant laws and regulations. FSCA also protects clients from fraud and misconduct by brokers. FSCA does not offer any compensation scheme for clients in case of broker insolvency.

Orbex vs Globex360 Trading Assets Comparison

Orbex offers trading on over 200 instruments, including forex, metals, energies, indices, stocks, ETFs, and cryptocurrencies. Orbex provides access to both major and minor currency pairs, as well as exotic and emerging market currencies.

Globex360 offers trading on over 100 instruments, including forex, metals, energies, indices, stocks, and cryptocurrencies. Globex360 provides access to major and minor currency pairs, but not exotic or emerging market currencies.

Orbex vs Globex360 Trading Fees Comparison

Orbex charges variable spreads and commissions depending on the account type and the instrument traded. Orbex offers a zero spread account with a commission of $1 per side per lot. The average spread on the EUR/USD pair is 0.8 pips on the zero spread account and 1.5 pips on the standard account.

Globex360 charges variable spreads and no commissions on all account types. Globex360 offers a premium account with a minimum deposit of $1,000 and spreads from 0.9 pips. The average spread on the EUR/USD pair is 1.2 pips on the classic account and 0.9 pips on the premium account.

Orbex vs Globex360 Account Types Comparison

Orbex offers four account types: standard, premium, ultimate, and VIP. The minimum deposit for the standard account is $200, while the minimum deposit for the VIP account is $25,000. The leverage for all accounts is up to 1:500.

Globex360 offers three account types: classic, premium, and private wealth. The minimum deposit for the classic account is $250, while the minimum deposit for the private wealth account is $5,000+. The leverage for all accounts is up to 1:300.

Orbex vs Globex360 Deposit Options Comparison

Orbex accepts various payment methods for deposits and withdrawals, such as credit/debit cards, bank wire transfers, e-wallets (Skrill, Neteller), and cryptocurrencies (Bitcoin). Orbex does not charge any fees for deposits or withdrawals.

Globex360 accepts various payment methods for deposits and withdrawals, such as credit/debit cards, bank wire transfers, e-wallets (Skrill, Neteller), cryptocurrencies (Bitcoin), and local payment options (Ozow). Globex360 does not charge any fees for deposits or withdrawals.

Orbex vs Globex360 Trading Platforms Comparison

Orbex offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for desktop, web, and mobile devices. MT4 and MT5 are popular and user-friendly platforms that support multiple charting tools, indicators, expert advisors (EAs), and automated trading.

Globex360 also offers both MT4 and MT5 platforms for desktop, web, and mobile devices. MT4 and MT5 have the same features and functionalities as offered by Orbex.

Orbex vs Globex360 Analytical Tools Comparison

Orbex provides various analytical tools and educational resources for its clients, such as daily market analysis, trading signals, webinars, ebooks, videos, and articles. Orbex also offers access to the Trading Central research portal, which provides market insights, technical analysis, and trading strategies.

Globex360 also provides various analytical tools and educational resources for its clients, such as daily market analysis, trading signals, webinars, ebooks, videos, and articles. Globex360 also offers access to the Copy Trader feature, which allows clients to copy the trades of other successful traders.

Orbex vs Globex360. Which forex broker is better? Which forex broker should you choose?

Choosing a forex broker depends on your personal preferences and trading goals. There is no definitive answer to which broker is better, as each broker has its own advantages and disadvantages. However, here are some possible factors that you may consider:

  • If you are looking for a broker that is regulated by a strict and reputable authority in the European Union, you may prefer Orbex over Globex360, as Orbex is regulated by the CySEC, which offers higher security and protection for clients .
  • If you are looking for a broker that offers a wider range of trading instruments, especially exotic and emerging market currencies, you may prefer Orbex over Globex360, as Orbex offers over 200 instruments, including forex, metals, energies, indices, stocks, ETFs, and cryptocurrencies .
  • If you are looking for a broker that charges lower trading fees, especially on the EUR/USD pair, you may prefer Globex360 over Orbex, as Globex360 charges variable spreads and no commissions on all account types. The average spread on the EUR/USD pair is 1.2 pips on the classic account and 0.9 pips on the premium account .
  • If you are looking for a broker that offers lower minimum deposit requirements and higher leverage options, you may prefer Globex360 over Orbex, as Globex360 offers a classic account with a minimum deposit of $250 and leverage up to 1:300 .
  • If you are looking for a broker that offers both MT4 and MT5 platforms for desktop, web, and mobile devices, you may find no significant difference between Orbex and Globex360, as both brokers offer these popular and user-friendly platforms .
  • If you are looking for a broker that provides various analytical tools and educational resources, such as daily market analysis, trading signals, webinars, ebooks, videos, and articles, you may find no significant difference between Orbex and Globex360, as both brokers provide these resources . However, if you are interested in accessing the Trading Central research portal or the Copy Trader feature, you may prefer Orbex or Globex360 respectively .

Ultimately, the best way to decide which broker suits your needs is to try them out yourself by opening a demo account or a live account with a small amount of money. You can also read more reviews and feedback from other traders who have used these brokers before making your final decision.

5/5 - (474 votes)

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