Compare SimpleFX vs Orbex
What is SimpleFX? What is Orbex?
SimpleFX is a Cyprus-based forex and CFD broker that offers a wide range of trading instruments, including forex, commodities, indices, and cryptocurrencies. The broker is known for its competitive spreads and leverage, as well as its user-friendly platform. SimpleFX is also a popular choice for traders who want to trade with a high degree of leverage.
Orbex is a Seychelles-based forex and CFD broker that offers a similar range of trading instruments to SimpleFX. Orbex is also known for its competitive spreads and leverage, but the broker places a greater emphasis on education and customer support. Orbex offers a variety of educational resources, including webinars, tutorials, and trading guides. The broker also has a dedicated customer support team that is available 24/7.
SimpleFX vs Orbex Regulation Comparison
Both SimpleFX and Orbex are regulated by reputable financial authorities. SimpleFX is regulated by the Cyprus Securities and Exchange Commission (CySEC), while Orbex is regulated by the Financial Services Authority (FSA) of Seychelles. Both regulators are considered to be reliable and trustworthy, so you can be confident that your funds are safe with either broker.
SimpleFX vs Orbex Trading Assets Comparison
SimpleFX and Orbex offer a similar range of trading assets. Both brokers offer forex, commodities, indices, and cryptocurrencies. However, SimpleFX also offers a wider range of exotic assets, such as binary options and contracts for difference (CFDs).
SimpleFX vs Orbex Trading Fees Comparison
SimpleFX does not charge any fees or commissions on trading or staking. Users can enjoy zero spread accounts, zero swaps, zero fees, and low commissions on some assets. However, users may incur some costs from third-party payment providers or currency conversion rates when depositing or withdrawing funds.
Orbex charges variable spreads starting from 0.0 pips on some accounts, as well as commissions ranging from $6 to $10 per lot depending on the account type. Users may also pay swap fees for holding positions overnight or incur other charges from third-party payment providers or currency conversion rates when depositing or withdrawing funds.
SimpleFX vs Orbex Account Types Comparison
SimpleFX offers a single account type for all users, which does not require any verification or minimum deposit. Users can access all the features and services of the platform with just an e-mail address.
Orbex offers four account types for different levels of traders: Standard, Premium, Ultimate, and Zero Spread. Each account type has different minimum deposits, spreads, commissions, leverage, and other features. Users need to verify their identity and address before opening an account with Orbex.
SimpleFX vs Orbex Deposit Options Comparison
SimpleFX and Orbex offer a variety of deposit and withdrawal methods. SimpleFX accepts deposits in a variety of currencies, including USD, EUR, GBP, and AUD. The broker also offers a variety of deposit methods, including credit cards, debit cards, wire transfers, and e-wallets. Orbex also accepts deposits in a variety of currencies, but the broker offers a slightly narrower range of deposit methods. Orbex accepts deposits via credit cards, debit cards, wire transfers, and Skrill.
SimpleFX vs Orbex Trading Platforms Comparison
SimpleFX uses its own web-based trading platform called SimpleFX WebTrader, which is fast, intuitive, and user-friendly. Users can also trade on their mobile devices using the native iOS or Android apps for SimpleFX.
Orbex uses the popular MetaTrader 4 and 5 platforms, which are award-winning, versatile, and reliable. Users can also trade on their mobile devices using the MetaTrader 4 and 5 apps for iOS or Android.
SimpleFX vs Orbex Analytical Tools Comparison
SimpleFX provides some basic analytical tools on its platform, such as charts, indicators, news feed, trading signals, etc. Users can also access the SimpleFX Blog for market news, analysis, tutorials, and trading academy.
Orbex provides a wide range of analytical tools on its platform, such as charts, indicators, news feed, trading signals, etc. Users can also access the Orbex Trading Central portal, which offers exclusive technical indicators, trading signals, and in-depth market insights. Users can also benefit from the daily market analysis and research from the Orbex investment research team.
SimpleFX vs Orbex. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on your personal preferences, trading goals, and risk appetite. There is no definitive answer to which forex broker is better, as each one has its own advantages and disadvantages. The best forex broker for you depends on your personal preferences, trading style, goals and needs. You can do more research, read reviews, try a demo account or even open a live account with both brokers to see which broker meets your expectations and requirements.
