Compare Orbex vs WorldForex
What is Orbex? What is WorldForex?
Orbex is a forex and CFD broker that was founded in 2011 and is regulated by CySEC and FSCA. Orbex offers trading on the MT4 and MT5 platforms, with over 200 instruments, tight spreads, fast execution, and various account types.
WorldForex is a forex and digital contracts broker that was founded in 2007 and is registered in Saint Vincent and the Grenadines. WorldForex offers trading on the MT4 platform, with over 200 instruments, leverage up to 1:1000, low minimum deposit, and various bonuses and promotions.
Orbex vs WorldForex Regulation Comparison
Orbex is regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 124/10 and the Financial Sector Conduct Authority (FSCA) of South Africa with license number 49262. Orbex is also a member of the Investor Compensation Fund (ICF), which provides protection for client funds up to €20,000 per client.
WorldForex is registered as an International Business Company (IBC) in Saint Vincent and the Grenadines with company number 24441 IBC 2018. WorldForex is also a member of the Financial Commission, an independent dispute resolution organization that provides compensation up to €20,000 per client.
Orbex vs WorldForex Trading Assets Comparison
Orbex offers trading on over 200 instruments, including forex, metals, energies, indices, stocks, ETFs, and bonds. Orbex provides access to both major and minor currency pairs, as well as exotic and Islamic pairs.
WorldForex offers trading on over 200 instruments, including forex, metals, energies, indices, stocks, and digital contracts. WorldForex provides access to both major and minor currency pairs, as well as exotic pairs.
Orbex vs WorldForex Trading Fees Comparison
Orbex charges variable spreads starting from 0.0 pips on its ECN accounts and from 1.5 pips on its Standard accounts. Orbex also charges a commission of $6 per lot on its ECN accounts. Orbex does not charge any fees for deposits or withdrawals.
WorldForex charges variable spreads starting from 0.8 pips on its Standard accounts and from 0.0 pips on its Zero Spread accounts. WorldForex also charges a commission of $1 per lot on its Zero Spread accounts. WorldForex does not charge any fees for deposits or withdrawals.
Orbex vs WorldForex Account Types Comparison
Orbex offers four types of accounts: Standard, Premium, VIP, and ECN. The minimum deposit for the Standard account is $200, for the Premium account is $5000, for the VIP account is $25,000, and for the ECN account is $500. The maximum leverage for all accounts is 1:500.
WorldForex offers three types of accounts: Standard, Zero Spread, and Jet Trade. The minimum deposit for the Standard account is $1, for the Zero Spread account is $1000, and for the Jet Trade account is $1000. The maximum leverage for all accounts is 1:1000.
Orbex vs WorldForex Deposit Options Comparison
Orbex supports various deposit and withdrawal options, including bank wire transfer, credit/debit cards, Skrill, Neteller, WebMoney, FasaPay, K-net Payment Gateway (KPG), UnionPay China (CUP), MPesa Kenya Mobile Payment System (MPK), NganLuong.vn (NLV), GlobePay (GBP), SticPay (STP), Perfect Money (PM), Bitcoin by Skrill (BTC), Bitcoin by Neteller (BTC), Bitcoin by FasaPay (BTC), Bitcoin by SticPay (BTC), Bitcoin by Perfect Money (BTC), Ethereum by Skrill (ETH), Ethereum by Neteller (ETH), Ethereum by FasaPay (ETH), Ethereum by SticPay (ETH), Ethereum by Perfect Money (ETH).
WorldForex supports various deposit and withdrawal options, including bank wire transfer, credit/debit cards, Skrill, Neteller, WebMoney, Qiwi Wallet, Yandex.Money, Perfect Money (PM), Bitcoin by Perfect Money (BTC), Ethereum by Perfect Money (ETH).
Orbex vs WorldForex Trading Platforms Comparison
Orbex offers trading on the MT4 and MT5 platforms, which are available for Windows, Mac, Android, and iOS devices. The MT4 and MT5 platforms are user-friendly, fast, and reliable, with a range of features such as advanced charting, technical indicators, trading signals, automated trading, and strategy testing.
WorldForex offers trading on the MT4 platform, which is available for Windows, Mac, Android, and iOS devices. The MT4 platform is user-friendly, fast, and reliable, with a range of features such as advanced charting, technical indicators, trading signals, automated trading, and strategy testing.
Orbex vs WorldForex Analytical Tools Comparison
Orbex provides its clients with various analytical tools, such as daily market analysis, trading signals, economic calendar, webinars, ebooks, videos, and podcasts. Orbex also offers access to the Trading Central research portal, which provides market-scanning tools, technical analysis, trade ideas, and risk management.
WorldForex provides its clients with various analytical tools, such as daily market analysis, trading signals, economic calendar, webinars, ebooks, videos, and podcasts. WorldForex also offers access to the Autotrade service, which allows clients to copy the trades of successful traders.
Orbex vs WorldForex. 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, based on the comparison between Orbex and WorldForex, here are some possible factors that you may consider:
- Regulation: Orbex is regulated by two reputable authorities, CySEC and FSCA, while WorldForex is registered in an offshore jurisdiction, Saint Vincent and the Grenadines. This may affect the level of trust and security that you have with your broker. Orbex also offers more protection for client funds through the ICF scheme.
- Trading Assets: Both brokers offer a similar range of trading instruments, including forex, metals, energies, indices, and stocks. However, Orbex also offers trading on ETFs and bonds, which may appeal to more diversified traders. WorldForex also offers trading on digital contracts, which may appeal to more speculative traders.
- Trading Fees: Both brokers charge variable spreads and commissions on some of their accounts. However, Orbex offers lower spreads and commissions on its ECN accounts than WorldForex on its Zero Spread accounts . This may result in lower trading costs for high-volume traders.
- Account Types: Both brokers offer multiple account types with different features and requirements. However, Orbex has higher minimum deposits for its accounts than WorldForex . This may affect your initial investment and capital management. WorldForex also offers higher leverage than Orbex, which may increase your profit potential and risk exposure.
- Deposit and Withdrawal Options: Both brokers support various payment methods, including bank wire transfer, credit/debit cards, e-wallets, and cryptocurrencies. However, Orbex supports more options than WorldForex . This may affect your convenience and flexibility in funding and withdrawing from your account.
- Trading Platforms: Both brokers offer trading on the MT4 platform, which is a popular and reliable platform for forex and CFD trading. However, Orbex also offers trading on the MT5 platform, which is an upgraded version of the MT4 platform with more features and capabilities. This may affect your trading experience and performance.
- Analytical Tools: Both brokers provide various analytical tools, such as market analysis, trading signals, economic calendar, webinars, ebooks, videos, and podcasts. However, Orbex also offers access to the Trading Central research portal, which provides more advanced tools and insights for market analysis and trade execution. WorldForex also offers access to the Autotrade service, which allows you to copy the trades of successful traders.
Ultimately, the best forex broker for you is the one that meets your needs and expectations. You may want to test both brokers with a demo account before making a final decision.
