orbex Rating: 4.55 / 10
Phoenix Markets Rating: 4.98 / 10
Your capital is at risk
Your capital is at risk
orbex vs Phoenix Markets Guide
Read our In-Depth orbex vs Phoenix Markets Review - Updated for 2022
This orbex vs Phoenix Markets review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this orbex vs Phoenix Markets review does not apply to US users.
So you are looking for a broker and are choosing between orbex or Phoenix Markets. Who is better in 2022?
This orbex vs Phoenix Markets review contains the latest information so you can easily compare orbex and Phoenix Markets
If you are a new entrant in the realm of trading and brokerage, so many details will be perplexing for you. Getting into the area of trading requires expert assessing skills and comprehensive knowledge. You will acquire adept at all of the concepts of broker since you continue trading. For starters, you need to choose the ideal broker who'll be transparent with you always.
Within this fast-paced world of stock markets and trading, you'll need advice to make correct decisions. A professionally lead investment plan will generate hefty returns. orbex and Phoenix Markets are two such companies which will take you and your investment to great heights. It is important to compare orbex vs Phoenix Markets until you trust them with your money.
Our orbex vs Phoenix Markets comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust orbex and Phoenix Markets side by side.
Our full orbex vs Phoenix Markets Review covers everything you need to know about trading with either orbex or Phoenix Markets. A good agent can multiply your first investments and give you positive profits. If you want to earn profits, you must trade with a broker service that contrasts with your investment objectives.
There is no sure-fire method to ensure profits; thus, you must carefully analyze your broker before you choose them. It is a common misconception that all brokers will be the same, but that is not correct. Wrong judgment, in the beginning, can set your investments in danger.
orbex and Phoenix Markets are both brokers which have forged their way successfully into the brokerage world. Within this review, we\'ve tried to collate a number of the important facets of both orbex and Phoenix Markets. This review can help you to understand whether either orbex or Phoenix Markets is a good match for your own investments or not. We have attempted to breakdown all of the features and charges for your convenience.
Compare orbex vs Phoenix Markets
Every online trading platform will have some pros and cons, and no orbex and Phoenix Markets review would be complete without having a balanced approach. Compare orbex and Phoenix Markets to understand how they stack up against each other before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Benefits of orbex and Phoenix Markets Compared
orbex offers a minimum deposit of $250 while Phoenix Markets has a $500 minimum deposit.
Why smaller minimum deposits are good and how orbex and Phoenix Markets compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
orbex has around 174 financial instruments whilst Phoenix Markets has around 97 on their platform.
The more financial instruments you can trade on the orbex and Phoenix Markets trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you should never want to miss out on a trading opportunity due to the limitations of orbex or Phoenix Markets.
orbex and Phoenix Markets Contact Details
Being able to contact your broker simply is vital. orbex and Phoenix Markets have the following contact details and social medias that you can use.
|Telephone Number||+44 203 514 2059|
Your capital is at risk
Your capital is at risk
Phoenix Markets and orbex Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
In this part of our comparison of orbex and Phoenix Markets we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of the apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Although most brokers do OK in this area, there are some bad apples out there. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
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orbex vs Phoenix Markets - Frequently Asked Questions
orbex vs Phoenix Markets - Headquarters and year of founding
orbex was founded in 2012 and has its head office in Cyprus.
Phoenix Markets was founded in 2013 and has its headquaters in Cyprus.
What is the minimum deposit for orbex or Phoenix Markets
The minimum deposit for orbex is $250.
The minimum deposit for Phoenix Markets is $500.
Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both orbex and Phoenix Markets are a good option.
orbex vs Phoenix Markets - Regulation And Licencing In More Detail
orbex is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F291.
Phoenix Markets is regulated by Cyprus Securities and Exchange Commission (CySEC).
Both orbex and Phoenix Markets have a strong collection of rules for ensuring honest trading onto their own platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their privacy regulations, client information is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare orbex vs Phoenix Markets Commission And Fees
orbex and Phoenix Markets are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the businesses of online brokerages are scaled better. That is, an online broker isn't necessarily influenced by the amount of clients they have.
However, this does not mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to earn money. There are mainly three types of fees for this objective.
The first sort of charges to keep an eye out for are trading charges. Whenever you make a genuine trade, like purchasing a stock or an ETF, you're billed trading charges. In these cases, you're spending a spread, financing speed, or a commission. The sorts of trading fees and the rates differ from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the other hand, a spread refers to the gap between the buying and selling price. Financing or overnight rates are those that are charged when you maintain a leveraged position for longer than a day.
Apart from trading fees, online agents also bill non-trading fees. These are determined by the actions you undertake on your accounts. They are billed for surgeries like depositing money, not trading for lengthy periods, or withdrawals.
In general, neither orbex or Phoenix Markets charge high fees compared to other online brokers. For operations other agents charge for, they do not charge a brokerage fee, or they charge a lesser amount. This can be beneficial for those who often trade, for example weekly or daily trading.
However, non-trading fees billed by orbex and Phoenix Markets are comparatively greater. As a result, you're charged more for non-trading activities on your trading accounts, like withdrawal and deposits. These aren't related to the sale and purchase of resources.
This orbex vs Phoenix Markets review for 2022 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For orbex And Phoenix Markets
What Languages Do orbex and Phoenix Markets Support?
Being able to talk completely with your trading platform is a key way of comparing brokers to find your perfect trading partner. Not only for support but to ensure you completely understand everything on their site and inside their app as it is a key part of success when trading forex.
Below you can find the languages that both orbex and Phoenix Markets support.
|Languages||English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic||English, and Chinese|
How Many Clients Do orbex and Phoenix Markets Have?
Both orbex and Phoenix Markets are well established with their client base. It is important to work with a broker that is reputable and one of the most simple ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many customers orbex and Phoenix Markets are active on their platform
What Payment Methods Do orbex and Phoenix Markets Accept?
orbex and Phoenix Markets both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at orbex and Phoenix Markets
What Can You Trade With orbex and Phoenix Markets?
orbex offers 174 trading instruments and Phoenix Markets offers Array.
Below you will find a full breakdown of what both orbex and Phoenix Markets offer