Compare Orbex vs RoboMarkets
What is Orbex? What is RoboMarkets?
Orbex is a forex and CFD broker that offers trading on various assets, such as currencies, metals, indices, commodities, and stocks. Orbex is regulated by the Cyprus Securities and Exchange Commission (CySEC) and has been operating since 2011.
RoboMarkets is a multi-asset broker that provides access to more than 12,000 instruments, including forex, stocks, indices, metals, commodities, and cryptocurrencies. RoboMarkets is also regulated by CySEC and has been in the market since 2013.
Best Forex Brokers Ranking
| Rank | Broker | Review | Open Account | Bonus | Platform | Minimum Deposit | ECN |
|---|---|---|---|---|---|---|---|
| 1 | Exness |  | Open Exness account | 16$/lot | MT4, MT5, Exness, ... | 1$ | 10$ |
| 2 | IC Markets | | Open IC Markets account | - | MT4, MT5, cTrader | 200$ | 200$ |
| 3 | XM | | Open XM account | 30$ | MT4, MT5 | 5$ | - |
| 4 | XTB | | Open XTB account | 2000$ | MT4, xStation 5 | 1$ | 1$ |
| 5 | FBS | | Open FBS account | 140$ | MT4, MT5, FBS Trader | 1$ | 1000$ |
Orbex vs RoboMarkets Regulation Comparison
Both Orbex and RoboMarkets are licensed by CySEC, which means they have to comply with the European Union’s rules and standards for financial services. This includes keeping client funds in segregated accounts, providing negative balance protection, participating in the Investor Compensation Fund (ICF), and adhering to the Markets in Financial Instruments Directive (MiFID) II.
Additionally, RoboMarkets is registered with several other regulators in different countries, such as the Financial Conduct Authority (FCA) in the UK, the Federal Financial Supervisory Authority (BaFin) in Germany, the National Bank of the Republic of Belarus (NBRB), and the Financial Services Authority of Saint Vincent and the Grenadines (FSA SVG).
Orbex vs RoboMarkets Trading Assets Comparison
Orbex offers trading on over 200 instruments across five asset classes: forex (36 currency pairs), metals (gold and silver), indices (14 global indices), commodities (oil and natural gas), and stocks (more than 100 US and European shares).
RoboMarkets has a much wider range of trading instruments, with over 12,000 available across six asset classes: forex (over 40 currency pairs), metals (gold, silver, palladium, and platinum), indices (over 20 global indices), commodities (energy, softs, and metals), stocks (more than 3,000 US and European shares), and cryptocurrencies (over 20 digital coins).
Orbex vs RoboMarkets Trading Fees Comparison
Orbex charges variable spreads starting from 0.8 pips on its Standard account and from 0 pips on its ECN account. The broker also applies a commission of $6 per lot round turn on its ECN account. Orbex does not charge any deposit or withdrawal fees.
RoboMarkets also offers variable spreads starting from 0 pips on its Prime account and from 1.3 pips on its Pro account. The broker charges a commission of $2 per lot round turn on its Prime account and $4 per lot round turn on its ECN account. RoboMarkets does not charge any deposit fees, but some withdrawal methods may incur fees.
Orbex vs RoboMarkets Account Types Comparison
Orbex has four types of accounts: Standard, Premium, VIP, and ECN. The minimum deposit for the Standard account is $200, while the other accounts require $5,000 or more. The maximum leverage for all accounts is 1:500. All accounts offer market execution, scalping, hedging, Islamic swap-free option, free VPS, and access to MT4 platform.
RoboMarkets has five types of accounts: Pro-Cent, Pro-Standard, Prime, ECN-Pro NDD, and R StocksTrader. The minimum deposit for the Pro-Cent and Pro-Standard accounts is $10, while the other accounts require $100 or more. The maximum leverage for all accounts except R StocksTrader is 1:2000. All accounts offer market execution, scalping, hedging, Islamic swap-free option, free VPS (for deposits over $300), and access to MT4/MT5 platforms. The R StocksTrader account is dedicated to stock trading with zero commission.
Orbex vs RoboMarkets Deposit Options Comparison
Orbex supports various payment methods for depositing and withdrawing funds, such as bank wire transfer, credit/debit cards (Visa/Mastercard/Maestro), e-wallets (Skrill/Neteller/WebMoney/FasaPay/K-net), and local payment solutions (CashU/UnionPay). The processing time for deposits is instant or up to one business day depending on the method. The processing time for withdrawals is up to one business day for all methods.
RoboMarkets also offers a variety of payment options for funding and withdrawing from your account, such as bank wire transfer, credit/debit cards (Visa/Mastercard/Maestro), e-wallets (Skrill/Neteller/WebMoney/FasaPay), cryptocurrencies (Bitcoin/Ethereum/Litecoin), and local payment solutions (CashU/UnionPay/Sofort/Giropay). The processing time for deposits is instant or up to two business days depending on the method. The processing time for withdrawals is up to two business days for all methods.
Orbex vs RoboMarkets Trading Platforms Comparison
Orbex provides its clients with the popular MetaTrader 4 (MT4) platform, which is available in desktop, web, and mobile versions. MT4 is a user-friendly and customizable platform that supports multiple order types, charting tools, indicators, expert advisors, and automated trading.
RoboMarkets offers its clients the choice of two platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are available in desktop, web, and mobile versions. MT4 and MT5 are similar in terms of functionality, but MT5 has some additional features, such as more timeframes, more order types, more indicators, an economic calendar, and a built-in market of trading products. RoboMarkets also has its own proprietary web platform, R StocksTrader, which is designed for stock trading with advanced features, such as fractional shares, market depth, one-click trading, and real-time quotes.
Orbex vs RoboMarkets Analytical Tools Comparison
Orbex provides its clients with various analytical tools and resources to enhance their trading experience, such as daily market analysis, trading signals, webinars, seminars, ebooks, videos, podcasts, economic calendar, and trading calculators.
RoboMarkets also offers a range of analytical tools and educational materials to help its clients improve their trading skills and knowledge, such as daily market analysis, trading signals, webinars, tutorials, articles, ebooks, videos, economic calendar, trading calculators, and Trading Central research portal.
Orbex vs RoboMarkets. 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, based on the comparison of Orbex and RoboMarkets, you may consider some of the following factors to help you make your decision:
- Regulation: Both brokers are regulated by CySEC, which means they have to follow high standards of security and transparency. However, RoboMarkets has more regulatory licenses in other jurisdictions, which may give you more confidence and protection if you trade with them.
- Trading Assets: Both brokers offer a variety of trading instruments, but RoboMarkets has a much larger and more diverse portfolio than Orbex. If you are interested in trading more than just forex and CFDs, such as stocks and cryptocurrencies, RoboMarkets may be a better option for you.
- Trading Fees: Both brokers charge variable spreads and commissions depending on the account type. However, RoboMarkets has lower spreads and commissions on some of its accounts, such as the Prime and ECN-Pro NDD accounts. If you are looking for lower trading costs, RoboMarkets may have an edge over Orbex.
- Account Types: Both brokers have multiple account types to suit different trading styles and preferences. However, RoboMarkets has more account options than Orbex, including a cent account for beginners and a stock trading account with zero commission. If you want more flexibility and choice in your trading account, RoboMarkets may have an advantage over Orbex.
- Trading Platforms: Both brokers provide the popular MT4 platform, which is widely used and trusted by traders. However, RoboMarkets also offers the MT5 platform, which has some additional features and capabilities. Moreover, RoboMarkets has its own web platform for stock trading, which is unique and innovative. If you want more options and features in your trading platform, RoboMarkets may be a better choice than Orbex.
- Analytical Tools: Both brokers offer various analytical tools and educational resources to help you improve your trading skills and knowledge. However, RoboMarkets has more tools and materials than Orbex, such as Trading Central research portal and fractional shares. If you want more support and guidance in your trading journey, RoboMarkets may be more helpful than Orbex.
Ultimately, the best forex broker for you depends on your personal preferences and needs. You may want to try out both brokers with a demo account before making your final decision.
