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Read our In-Depth orbex vs scotia itrade Review - for 2022

This orbex vs scotia itrade 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 scotia itrade review does not apply to US users.

So you are looking for an online trading platform and are choosing between orbex or scotia itrade. Who is better in 2022?

This orbex vs scotia itrade review contains the latest information so you can easily compare orbex and scotia itrade

If you're a new entrant in the realm of trading and brokerage, so many details will be confusing for you. Getting into the world of trading requires expert analyzing skills and thorough understanding. You will acquire adept at all of the concepts of broker since you continue trading. For starters, you have to select the ideal agent who will be transparent with you always.

Within this fast-paced universe of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment plan will generate hefty returns. orbex and scotia itrade are two such trading platforms which will take you and your investment into great heights. It's crucial to compare orbex vs scotia itrade before you trust them with your money.

Our orbex vs scotia itrade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust orbex and scotia itrade side by side.

Our entire orbex vs scotia itrade Review covers everything you will need to know about trading using either orbex or scotia itrade. A good broker can multiply your first investments and provide you favorable profits. If you want to make profits, you should trade with a broker service that contrasts with your investing goals.

There is no sure-fire way to ensure profits; thus, you should carefully assess your broker before you select them. It's a common misconception that all brokers will be the same, but that is not true. Wrong judgment, initially, can put your investments in danger.

orbex and scotia itrade are both brokers which have forged their way successfully into the broker world. Within this review, we have attempted to collate a number of the vital aspects of both orbex and scotia itrade. This review can help you to understand whether either orbex or scotia itrade is a fantastic fit for your own investments or not. We've tried to breakdown all the features and fees for your convenience.

Compare orbex vs scotia itrade

Every online trading system will have some pros and cons, and no orbex and scotia itrade review would be complete without having a balanced approach. Compare orbex and scotia itrade to understand how they line 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.


learn more about orbex

orbex

Benefits of orbex

Established in 2012

Headquartered in Cyprus

Minimum Deposit of $250

(Your capital is at risk)

orbex Regulations

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 Regulations

orbex Languages

English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic

orbex Fees

Deposit FeesNo
Inactivity FeesNo
Withdrawal FeesYes
Min Deposit$250

(Your capital is at risk)


learn more about scotia itrade

scotia itrade

Benefits of scotia itrade

Established in 2012

Headquartered in UK

Minimum Deposit of $250

(Your capital is at risk)

scotia itrade Regulations

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-F303 Regulations

scotia itrade Languages

English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic

scotia itrade Fees

Deposit FeesNo
Inactivity FeesNo
Withdrawal FeesNo
Min Deposit$250

(Your capital is at risk)


learn more about eToro

eToro (Our Preferred Broker)

Benefits of eToro

Established in 2007

Headquartered in Cyprus, UK

Minimum Deposit of $50


(67% of retail investor accounts lose money when trading CFDs with this provider. US customers only have access to cryptocurrencies)

eToro Regulations

Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)

eToro Languages

English, German, Spanish, French, and Italian

eToro Fees

Deposit FeesNo
Inactivity FeesYes
Withdrawal FeesYes
Min Deposit$50

(67% of retail investor accounts lose money when trading CFDs with this provider. US customers only have access to cryptocurrencies)

Benefits of orbex and scotia itrade Compared

orbex has a minimum deposit of $250 while scotia itrade offers a $250 minimum deposit.

Why smaller minimum deposits are good and how orbex and scotia itrade 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 allows you to trade around 174 financial instruments whilst scotia itrade has around 186 available.

The more financial instruments you can trade on the orbex and scotia itrade 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 seriously do not want to miss out on a trading opportunity due to the limitations of orbex or scotia itrade.

orbex and scotia itrade Contact Details

Being able to contact a broker simply is a sign of a professional broker. orbex and scotia itrade have the following contact details and social medias that you can use.

orbex
learn more about orbex
scotia itrade
learn more about scotia itrade
Telephone Number
Email
Address
Twitter @ @
Facebook
Instagram
LinkedIn
YouTube

Your capital is at risk

Your capital is at risk

scotia itrade 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 scotia itrade we'll check whether either of their mobile apps tick all the boxes. Overall, we rate the user-friendliness of the apps as better than average. It is important that any trading app has user friendly capabilities especially with the

search functions

While most brokers are good at this, there are some poor ones. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start 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?

orbex
learn more about orbex
scotia itrade
learn more about scotia itrade
App Basic Alerts Yes Yes
Watchlist Yes Yes
Watchlist Syncs Across Devices No Yes
Trading Indicators In App Yes Yes
Can Draw Trendlines In App No Yes
Can Move Drawn Trendlines In App Yes Yes
App Offers Multiple Timeframes No Yes
App Saves Charts Yes Yes
App Has Economic Calendars Yes Yes

Your capital is at risk

Your capital is at risk

Review - Awards

orbex
learn more about orbex
scotia itrade
learn more about scotia itrade
Awards At the time of writing this orbex review, and despite orbex’s impressive offering, the company has surprisingly not garnered any other awards to date. At the time of writing this scotia itrade review, and despite scotia itrade’s impressive offering, the company has surprisingly not garnered any other awards to date.

orbex vs scotia itrade - Frequently Asked Questions

orbex vs scotia itrade - Headquarters and year of founding

orbex was founded in 2012 and has its head office in Cyprus.

scotia itrade was founded in 2012 and has its head office in UK.

What is the minimum deposit for orbex or scotia itrade

The minimum deposit for orbex is $250.

The minimum deposit for scotia itrade is $250.

Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both orbex and scotia itrade are a good choice.

orbex vs scotia itrade - 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.

scotia itrade 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-F303.

Both orbex and scotia itrade have a strong set of rules for ensuring honest trading onto their platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).

As per their individual privacy regulations, customer data is to not be shared with any other institutions or individuals. Including credit history and other financial information.

Compare orbex vs scotia itrade Commission And Fees

orbex and scotia itrade are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the companies of online trading platforms are scaled much better. In other words, an internet broker isn't necessarily affected by the number of clients they have.

However, this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to make money. There are primarily three different types of fees for this objective.

The first sort of fees to look out for are trading charges. Whenever you make an actual trade, like buying a stock or an ETF, you're charged trading fees. In these cases, you're spending a spread, financing speed, or a commission. The kinds of trading fees and the rates vary from broker to broker.

Commissions could be fixed or determined by the traded volume. On the flip side, a spread refers to the difference between the buying and selling cost. Financing or overnight prices are people that are charged when you maintain a leveraged position for more than daily.

Aside from trading fees, online agents also bill non-trading fees. These are dependent on the activities you undertake in your account. They are charged for operations like depositing money, not trading for lengthy periods, or withdrawals.

Generally, neither orbex or scotia itrade charge high fees in comparison to other online agents. For operations other agents charge for, they either do not charge a broker fee, or they charge a lesser sum. This can be beneficial for those who often exchange, for example weekly or daily trading.

But, non-trading fees charged by orbex and scotia itrade are relatively competitive. Consequently, you are billed more for non-trading actions in your trading accounts, like deposits and withdrawal. These are not about the purchase and sale of assets.

This orbex vs scotia itrade review for 2022 breaks down each of the relevant non-trading charges for you in detail.

Compare Broker Fees For orbex And scotia itrade

orbex
learn more about orbex
scotia itrade
learn more about scotia itrade
Minimum Deposit $250 $250
Withdrawal Fees Yes No
Inactivity Fees No No
Deposit Fees No No
CFD Fees No No

What Languages Do orbex and scotia itrade Support?

Being able to talk completely with your online platform is a key element when comparing online brokers to find the best broker. Not only for support but to be sure you understand everything on their site and inside their application as it is a key part of success when trading online.

Below you can find the languages that both orbex and scotia itrade offer communication in.

orbex
learn more about orbex
scotia itrade
learn more about scotia itrade
Languages English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic

How Many Clients Do orbex and scotia itrade Have?

Both orbex and scotia itrade are well established with their customer base. It is important to work with an online broker you can trust and one of the easiest ways of establishing this is by knowing how many customers they already work with.

Below you will find details of how many clients orbex and scotia itrade are active on their platform

orbex
learn more about orbex
scotia itrade
learn more about scotia itrade
Clients 10,000+ 10,000+

What Payment Methods Do orbex and scotia itrade Accept?

orbex and scotia itrade 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 scotia itrade

orbex
learn more about orbex
scotia itrade
learn more about scotia itrade
Bank Transfers Yes Yes
Credit Cards Yes Yes
PayPal Yes Yes
Skrill Yes Yes
Payoneer Yes Yes
Neteller Yes Yes

What Can You Trade With orbex and scotia itrade?

orbex offers 174 trading instruments while scotia itrade offers Array.

Below you will find a full breakdown of what both orbex and scotia itrade offer

orbex
learn more about orbex
scotia itrade
learn more about scotia itrade
Total Forex Pairs 144 156
Major Forex Pairs Yes Yes
Minor Forex Pairs Yes Yes
Exotic Forex Pairs Yes Yes
Commodities Yes Yes
Metals Yes Yes
Energies Yes Yes
Agricultural No No
Total Shares 134 146
UK Shares No No
US Shares No No
German Shares Yes Yes
Japanese Shares No No