Compare Orbex vs Markets.com
What is Orbex? What is Markets.com?
Orbex is a forex and CFD broker that was founded in 2009 and is regulated by the FCA, CySEC, FSC, and CNMV. Orbex offers trading on the MetaTrader 4 platform with variable spreads, low commissions, and fast execution.
Markets.com is a forex and CFD broker that was founded in 2008 and is regulated by the ASIC, CySEC, FCA, and FSCA. Markets.com offers trading on the MetaTrader 4, MetaTrader 5, and its own web-based platform with variable spreads, zero commissions, and a range of analytical tools.
Orbex vs Markets.com Regulation Comparison
Both brokers are regulated by reputable authorities in different jurisdictions. However, Markets.com has more regulatory licenses than Orbex, which may indicate a higher level of trustworthiness and security for its clients. Markets.com is regulated by the ASIC (Australia), CySEC (Cyprus), FCA (United Kingdom), and FSCA (South Africa), while Orbex is regulated by the FCA (United Kingdom), CySEC (Cyprus), FSC (British Virgin Islands), and CNMV (Spain).
Orbex vs Markets.com Trading Assets Comparison
Both brokers offer a wide range of trading assets, including forex, CFDs, indices, commodities, metals, energies, futures, ETFs, options, and shares. However, Markets.com has more trading instruments than Orbex, as it also offers spread betting, crypto, physical stock, bonds, binary options, and agriculture. Markets.com has over 2,200 assets to trade, while Orbex has over 300 assets to trade.
Orbex vs Markets.com Trading Fees Comparison
Both brokers charge variable spreads on their trading accounts, which means that the spreads can fluctuate depending on the market conditions and liquidity. However, Markets.com does not charge any commissions on its trades, while Orbex charges $5 per lot for its ECN accounts. The average spread for EUR/USD at Markets.com is 0.6 pips, while the average spread for EUR/USD at Orbex is 1.5 pips.
Orbex vs Markets.com Account Types Comparison
Both brokers offer different types of accounts to suit different trading styles and preferences. Markets.com has four account types: Standard, Classic, Premium, and Professional. The minimum deposit for each account is $100, $2,500, $20,000, and $250,000 respectively. The leverage for each account is up to 1:300 for Standard and Classic accounts, up to 1:200 for Premium accounts, and up to 1:30 for Professional accounts.
Orbex has five account types: Fix Account ($200 minimum deposit), Starter Account ($200 minimum deposit), Premium Account ($5,000 minimum deposit), Ultimate Account ($25,000 minimum deposit), and Copy Trading Account ($500 minimum deposit). The leverage for each account is up to 1:500 for Fix Account and Starter Account; up to 1:300 for Premium Account; up to 1:100 for Ultimate Account; and up to 1:30 for Copy Trading Account.
Orbex vs Markets.com Deposit Options Comparison
Both brokers offer various payment methods for depositing and withdrawing funds from their trading accounts. However, Markets.com has more payment options than Orbex, as it accepts credit/debit cards, iDEAL, Neteller, PayPal, Skrill, SOFORT and wire transfer, while Orbex accepts WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, FasaPay, Tether (USDT) and Perfect Money. Both brokers do not charge any fees on deposits or withdrawals, but they may have different processing times depending on the payment method.
Orbex vs Markets.com Trading Platforms Comparison
Both brokers offer the popular MetaTrader 4 platform as their main trading platform. However, Markets.com also offers the MetaTrader 5 platform and its own web-based platform that has more features and tools than the MT4 platform. The MT5 platform allows traders to access more markets and instruments than the MT4 platform, while the web-based platform has a user-friendly interface and advanced charting capabilities. Orbex only offers the MT4 platform with limited access after 30 days of inactivity
Orbex vs Markets.com Analytical Tools Comparison
Both brokers provide their clients with various analytical tools and resources to help them with their trading decisions. However, Markets.com has more tools and features than Orbex, as it offers daily market analysis, trading central research portal, free education, trading contests, automated trading, and bonus offers. Orbex offers daily market analysis, free education, Islamic account, PAMM account, managed account, hedging, and swaps.
Orbex vs Markets.com. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a personal decision that depends on your trading style, preferences, and goals. However, here are some general guidelines to help you make an informed choice.
- If you are looking for a broker that has more regulatory licenses, more trading instruments, more payment options, more trading platforms, and more analytical tools, then Markets.com may be a better option for you. Markets.com is regulated by four reputable authorities in different jurisdictions, offers over 2,200 assets to trade, accepts various payment methods, provides the MetaTrader 4, MetaTrader 5, and its own web-based platform, and has a range of features and resources to support your trading.
- If you are looking for a broker that has lower spreads, lower commissions, higher leverage, and more account types, then Orbex may be a better option for you. Orbex has lower average spreads for EUR/USD than Markets.com, charges $5 per lot for its ECN accounts while Markets.com charges zero commissions, offers up to 1:500 leverage for some of its accounts while Markets.com offers up to 1:300 leverage, and has five account types to suit different trading needs while Markets.com has four account types.
Ultimately, the best forex broker for you is the one that meets your specific requirements and expectations. You can also try out the demo accounts of both brokers to test their services and platforms before making a final decision.
