fx open
orbex
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Overview
fx open was founded in 2019 and is headquartered in Puerto Rico, while orbex was established in 2012 and is based in Cyprus. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. fx open serves 60,000+ clients worldwide; orbex has 10,000+. Both brokers share the same minimum deposit of $250.
| Feature | fx open | orbex |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Regulation | 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-F238 | 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 | 2019 | 2012 |
| Country | Puerto Rico | Cyprus |
| Clients | 60,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between fx open and orbex, directly affecting your bottom line as a trader. Both require a minimum deposit of $250. orbex charges withdrawal fees while fx open does not, giving fx open an edge for frequent withdrawers. Overall, fx open scores higher on fees in our assessment.
| Feature | fx open | orbex |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
fx open offers MT4, MT5, cTrader, while orbex supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. fx open edges ahead on platform breadth and functionality in our scoring.
| Feature | fx open | orbex |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | 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 fx open and orbex compare. fx open runs regular live webinars; orbex does not. Both provide video tutorials. fx open publishes daily market commentary; orbex does not. Both integrate third-party research tools. fx open maintains an archive of past webinars for on-demand viewing. fx open scores higher overall in education and research.
| Feature | fx open | orbex |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. fx open accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while orbex supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). Both brokers support the same set of payment methods.
| Feature | fx open | orbex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | 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 fx open and orbex offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 8 languages. Both brokers are comparable on support quality.
| Feature | fx open | orbex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |