Compare Weltrade vs Orbex
What is Weltrade? What is Orbex?
Weltrade is an international company that has 16 years of experience in the forex market and online trading. It offers a range of trading instruments, platforms, and tools to help traders achieve their goals.
Orbex is a regulated broker that has been serving traders since 2011. It provides access to various markets, including forex, metals, energies, indices, and stocks. It also offers competitive trading conditions, fast execution, and award-winning research.
Weltrade vs Orbex Regulation Comparison
Weltrade is regulated by the Financial Services Commission of Mauritius (FSC) under license number C113010842. It is also a member of the Financial Commission, an independent dispute resolution organization.
Orbex is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 124/10. It is also a member of the Investor Compensation Fund (ICF), which covers eligible clients up to €20,000 in case of insolvency.
Weltrade vs Orbex Trading Assets Comparison
Weltrade offers over 50 currency pairs, 5 metals, 2 energies, 11 indices, and 34 stocks for trading. It also supports trading of digital currencies, such as Bitcoin, Ethereum, Litecoin, and Ripple.
Orbex offers over 40 currency pairs, 4 metals, 2 energies, 14 indices, and 50 stocks for trading. It does not support trading of digital currencies.
Weltrade vs Orbex Trading Fees Comparison
Weltrade charges variable spreads starting from 0.0 pips on its ECN accounts and fixed spreads starting from 1.0 pips on its Micro accounts. It also charges a commission of $1 per side on its ECN accounts and no commission on its other accounts. It does not charge any fees for deposits or withdrawals.
Orbex charges variable spreads starting from 0.0 pips on its Zero Spread account and fixed spreads starting from 1.9 pips on its Classic account. It also charges a commission of $1 per side on its Zero Spread account and no commission on its other accounts. It does not charge any fees for deposits or withdrawals.
Weltrade vs Orbex Account Types Comparison
Weltrade offers five types of accounts: Micro, Premium, Pro, ZuluTrade, and ECN. The minimum deposit for each account is $25, except for the ECN account which requires $200. The maximum leverage for each account is 1:1000, except for the ECN account which has a leverage of 1:500.
Orbex offers four types of accounts: Classic, Standard, Premium, and Zero Spread. The minimum deposit for each account is $200. The maximum leverage for each account is 1:500.
Weltrade vs Orbex Deposit Options Comparison
Weltrade supports various deposit and withdrawal methods, including bank transfer, credit/debit cards, e-wallets (such as Skrill, Neteller, WebMoney), cryptocurrencies (such as Bitcoin), and local payment systems (such as FasaPay).
Orbex supports various deposit and withdrawal methods, including bank transfer, credit/debit cards, e-wallets (such as Skrill, Neteller), and local payment systems (such as FasaPay).
Weltrade vs Orbex Trading Platforms Comparison
Weltrade supports both MetaTrader 4 and MetaTrader 5 platforms for desktop, web, and mobile devices. It also offers a personal area where traders can manage their accounts and access various tools and features.
Orbex supports both MetaTrader 4 and MetaTrader 5 platforms for desktop, web, and mobile devices. It also offers a secure wallet where traders can fund their accounts and transfer money instantly.
Weltrade vs Orbex Analytical Tools Comparison
Weltrade provides various analytical tools for traders, such as market news, economic calendar, trading signals, technical analysis indicators, webinars, videos, and articles. It also offers a loyalty program where traders can earn points and exchange them for rewards.
Orbex provides various analytical tools for traders, such as market news, economic calendar, trading signals, technical analysis indicators, webinars, videos, and articles. It also offers access to Trading Central, a leading provider of market research and analysis.
Weltrade 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 and trading goals. There is no definitive answer to which broker is better, as each one has its own advantages and disadvantages. However, here are some possible factors that you may consider:
- Regulation: If you value the security and protection of your funds, you may prefer a broker that is regulated by a reputable authority and has a compensation scheme in case of insolvency. In this case, Orbex may have an edge over Weltrade, as it is regulated by CySEC and is a member of the ICF, which covers eligible clients up to €20,000.
- Trading Assets: If you want to diversify your portfolio and trade different markets, you may prefer a broker that offers a wide range of trading instruments. In this case, Weltrade may have an edge over Orbex, as it offers more currency pairs, metals, indices, and stocks than Orbex. It also supports trading of digital currencies, such as Bitcoin, Ethereum, Litecoin, and Ripple.
- Trading Fees: If you want to minimize your trading costs and maximize your profits, you may prefer a broker that offers low spreads and commissions. In this case, both Weltrade and Orbex offer competitive trading conditions, with variable spreads starting from 0.0 pips and fixed spreads starting from 1.0 pips on their respective accounts. They also charge a commission of $1 per side on their ECN or Zero Spread accounts and no commission on their other accounts . They also do not charge any fees for deposits or withdrawals.
- Account Types: If you want to choose an account that suits your trading style and budget, you may prefer a broker that offers various account options. In this case, both Weltrade and Orbex offer four or five types of accounts, with different minimum deposits, leverages, spreads, and commissions. Weltrade has a lower minimum deposit requirement of $25 for most of its accounts, except for the ECN account which requires $200. Orbex has a higher minimum deposit requirement of $200 for all of its accounts. Weltrade also offers a ZuluTrade account, which allows you to copy the trades of other successful traders.
- Deposit and Withdrawal Options: If you want to fund your account and withdraw your profits easily and conveniently, you may prefer a broker that supports various payment methods. In this case, both Weltrade and Orbex support various deposit and withdrawal methods, including bank transfer, credit/debit cards, e-wallets (such as Skrill, Neteller), and local payment systems (such as FasaPay) . Weltrade also supports cryptocurrencies (such as Bitcoin) as a payment method.
- Trading Platforms: If you want to trade on a reliable and user-friendly platform that offers advanced features and tools, you may prefer a broker that supports both MetaTrader 4 and MetaTrader 5 platforms for desktop, web, and mobile devices. In this case, both Weltrade and Orbex support both MetaTrader 4 and MetaTrader 5 platforms . They also offer additional features such as a personal area or a secure wallet where you can manage your accounts and access various tools .
- Analytical Tools: If you want to enhance your trading performance and make informed decisions based on market research and analysis, you may prefer a broker that provides various analytical tools for traders. In this case, both Weltrade and Orbex provide various analytical tools for traders, such as market news, economic calendar, trading signals, technical analysis indicators, webinars, videos, and articles . They also offer additional benefits such as a loyalty program or access to Trading Central .
