FreshForex
orbex
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Overview
FreshForex was founded in 2004 and is headquartered in Russia, while orbex was established in 2012 and is based in Cyprus. FreshForex holds licences including SVGFSA 20623 IBC 2012, while orbex is regulated by Financial Conduct Authority (FCA) among others. FreshForex serves 710,000+ clients worldwide; orbex has 10,000+. The minimum deposit is $1 at FreshForex and $250 at orbex.
| Feature | FreshForex | orbex |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Regulation | SVGFSA 20623 IBC 2012 | 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 |
| Founded | 2004 | 2012 |
| Country | Russia | Cyprus |
| Clients | 710,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between FreshForex and orbex, directly affecting your bottom line as a trader. FreshForex has a lower barrier to entry with a minimum deposit of $1 (vs $250 at orbex). orbex charges withdrawal fees while FreshForex does not, giving FreshForex an edge for frequent withdrawers. Overall, FreshForex scores higher on fees in our assessment.
| Feature | FreshForex | orbex |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
FreshForex offers MT4, MT5, a proprietary platform, while orbex supports MT5, cTrader. FreshForex supports social and copy trading features, which orbex does not offer. orbex edges ahead on platform breadth and functionality in our scoring.
| Feature | FreshForex | orbex |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | No | Yes |
| Windows App | Yes | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | MT4, MT5, Windows, MAC, Linux | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how FreshForex and orbex compare. FreshForex runs regular live webinars; orbex does not. Both provide video tutorials. FreshForex publishes daily market commentary; orbex does not. orbex integrates third-party research tools (Autochartist); FreshForex does not. FreshForex maintains an archive of past webinars for on-demand viewing. FreshForex scores higher overall in education and research.
| Feature | FreshForex | orbex |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | No | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. FreshForex accepts 4 of the tracked payment methods (bank transfer, credit/debit card, Skrill, Neteller), while orbex supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). orbex uniquely supports PayPal among the two brokers. orbex scores higher on deposit and withdrawal flexibility.
| Feature | FreshForex | orbex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | Yes | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both FreshForex and orbex offer live chat support. Both provide phone support. Email support is available at both brokers. FreshForex supports 1 language and orbex supports 8, giving orbex broader global reach. Both brokers are comparable on support quality.
| Feature | FreshForex | orbex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |