eToro vs orbex, Updated for 2024
Read our In-Depth eToro vs orbex Review - for 2024
This review comparing eToro and orbex has been updated to reflect any changes for 2024 by knowledgeable insiders with extensive financial experience in Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of eToro vs orbex does not apply to all countries as follows:
eToro Excluded Countries
Iran, Democratic Peoples Republic of Korea, Belgium, Canada, Japan, Syrian Arab Republic, Turkey, Israel, Belarus, Albania, Republic of Moldova, North Macedonia, Serbia, Guinea, Democratic Republic of the Congo, Sudan, Zimbabwe, Ethiopia, Ghana, Tanzania, Libya, Uganda, Zambia, Botswana, Rwanda, Tunisia, Somalia, Namibia, Togo, Sierra Leone, Liberia, Gambia, Djibouti, Ivory Coast, Pakistan, Brunei Darussalam, Taiwan, Province of China, Samoa, Nepal, Singapore, US Virgin Islands, Turkmenistan, Tajikistan, Uzbekistan, Sri Lanka, Trinidad and Tobago, Haiti, Myanmar, Bhutan, Marshall Islands, Maldives, Kazakhstan, Grenada, Fiji, Barbados, Bermuda, Bahamas, Antigua and Barbuda, Anguilla, Aruba, Lebanon, El Salvador, United States of America, Paraguay, Honduras, Guatemala, Puerto Rico, Nicaragua, British Virgin Islands, and Netherlands Antilles.
orbex Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare eToro vs orbex
Every online trading platforms has a few advantages and disadvantages, so any comprehensive review of eToro and orbex should not be regarded as thorough without having a balanced approach.
Compare orbex and eToro to understand the way they stack up with each prior to you decide to make an account. Performing a comprehensive comparison will put things into perspective so that you're cognizant of the expectations.
So you are looking for an online trading platform and are choosing between eToro or orbex. Which one is best in 2024?
Our eToro vs orbex comparison contains the latest information so you can easily compare orbex against eToro.
If you are a new entrant in the world of trading and brokerages, so many nuances will be perplexing for you. Getting into the area of trading demands expert analyzing skills and thorough knowledge. You will get proficient at all the concepts of brokerage since you continue trading. For starters, you need to choose the ideal broker who will be transparent with you always.
Within this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally direct investment plan has the potential to create hefty returns. eToro and orbex are just two such trading platforms which will take you along with your investment to great heights. It is crucial to compare eToro vs orbex until you trust them with your cash.
Our eToro vs orbex comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust eToro and orbex side by side.
Our entire eToro vs orbex Review covers all you will need to learn about trading using either eToro or orbex. A good broker can multiply your initial investments and provide you positive profits. If you want to earn profits, you should trade with a broker service that aligns with your investing goals.
There is no sure-fire way to ensure profits; therefore, you must carefully analyze your agent before you choose them. It's a common misconception that all agents are exactly the same, but that's not true. Wrong judgment, initially, can put your investments in danger.
eToro and orbex are both brokers which have forged their way successfully to the brokerage world. In this review, we have attempted to collate a number of the important aspects of both eToro and orbex. This review can allow you to know whether either orbex or eToro is a fantastic match for your own investments or not. We've tried to breakdown all of the qualities and fees for your advantage.
Benefits of eToro and orbex Compared
eToro offers a minimum deposit of $50 while orbex has a $250 minimum deposit.
Why smaller minimum deposits are good and how eToro and orbex 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.
eToro has around 100 financial instruments whilst orbex has around 100 financial instruments available.
The more financial instruments you can trade on the eToro and orbex 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 eToro or orbex.
eToro and orbex Contact Details
Being able to contact a broker through many ways is important. eToro and orbex have the following contact details and social medias that you can use.
Broker | eToro | orbex |
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Telephone Number | ||
support@etoro.com | ||
Address | 24th floor, One Canada Square, Canary Wharf, London, E14 5AB | |
eToro Twitter Account | orbex Twitter Account | |
eToro Facebook Page | orbex Facebook Page | |
eToro Instagram Account | orbex Instagram Account | |
eToro LinkedIn Page | orbex LinkedIn Page | |
YouTube | eToro YouTube Channel | orbex YouTube Channel |
Find Out More |
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orbex and eToro Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
This part of comparing eToro and orbex will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of both apps as better than average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. 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?
eToro vs orbex - Awards
Broker | eToro | orbex |
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Awards |
eToro have won many industry awards over the time they have been running as an online broker. We detail the most notable awards for eToro below.
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At the time of writing this orbex review, and despite orbex’s impressive offering, the company has surprisingly not garnered any awards to date. |
Find Out More |
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eToro vs orbex - Frequently Asked Questions
eToro vs orbex - Headquarters And Year Of Founding
eToro was founded in 2007 and has its head office in Cyprus, UK.
orbex was founded in 2012 and has its head office in Cyprus.
What is the minimum deposit for orbex or eToro
The minimum deposit for eToro is $50.
The minimum deposit for orbex 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 eToro and orbex are a good choice.
eToro vs orbex - Regulation And Licencing In More Detail
eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
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.
Both eToro and orbex have a powerful set of rules for ensuring fair trading onto their platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
In accordance with their individual privacy policies, customer data is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare eToro vs orbex Commission And Fees
eToro and orbex are online broker 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 much better. In other words, an online broker isn't necessarily affected by the number of customers they have.
However, this doesn't mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to make money. There are primarily 3 different types of penalties for this objective.
The first kind of charges to look out for are trading charges. When you make a genuine trade, like purchasing a stock or an ETF, you are billed trading charges. In these cases, you're paying a spread, financing rate, or even a commission. The sorts of trading charges and the prices vary from broker to broker.
Commissions could be fixed or determined by the traded volume. On the flip side, a spread denotes the gap between the buying and selling price. Funding or overnight prices are people who are charged when you maintain a leveraged position for more than a day.
Apart from trading charges, online brokers also bill non-trading fees. These are determined by the activities you undertake in your account. They're charged for surgeries like depositing cash, not trading for lengthy periods, or withdrawals.
Generally, neither eToro or orbex charge high fees in comparison to other online brokers. For operations other agents fee for, they do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for people who regularly exchange, for example daily or weekly trading.
However, non-trading fees charged by eToro and orbex are relatively higher. As a result, you are charged more for non-trading activities on your trading account, such as withdrawal and deposits. These are not related to the sale and purchase of resources.
This eToro vs orbex review for 2024 breaks down each of the relevant non-trading charges for you in detail.
Compare Broker Fees For eToro And orbex
What Languages Do eToro And orbex Support?
Being able to chat completely with your trading broker is a key element when comparing online brokers to find the best broker. Not only for support but to be sure you completely understand everything on their website and inside their application as it is a key part of success when trading online.
Here you can find the languages that both eToro and orbex offer communication in.
How Many Clients Do eToro and orbex Have?
Both eToro and orbex are well established with their customer base. It is really important to work with an online broker that is reputable and one of the most simple ways of understanding this is by knowing how many clients they already work with.
Below you will find details of how many clients eToro and orbex have
What Payment Methods Do eToro and orbex Accept?
eToro and orbex 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 eToro and orbex
What Can You Trade With eToro and orbex?
eToro offers 100 trading instruments whilst orbex offers 174.
Below you will find a full breakdown of what both eToro and orbex offer.
eToro Review
eToro vs orbex:
Table Of Contents
- Compare eToro vs orbex
- Benefits of eToro and orbex Compared
- orbex and eToro Mobile App Comparison
- eToro vs orbex - Awards
- eToro vs orbex - Frequently Asked Questions
- What is the minimum deposit for orbex or eToro
- eToro vs orbex - Regulation And Licencing In More Detail
- Compare Broker Fees For eToro And orbex
- What Languages Do eToro And orbex Support?
- How Many Clients Do eToro and orbex Have?
- What Payment Methods Do eToro and orbex Accept?
- What Can You Trade With eToro and orbex?