orbex
SpreadCo
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Overview
orbex was founded in 2012 and is headquartered in Cyprus, while SpreadCo was established in 2005 and is based in London. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. orbex serves 10,000+ clients worldwide; SpreadCo has 10,000+. The minimum deposit is $250 at orbex and $100 at SpreadCo.
| Feature | orbex | SpreadCo |
|---|---|---|
| Min. Deposit | $250 | $100 |
| 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-F291 | Financial Conduct Authority (FCA) |
| Founded | 2012 | 2005 |
| Country | Cyprus | London |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between orbex and SpreadCo, directly affecting your bottom line as a trader. SpreadCo has a lower barrier to entry with a minimum deposit of $100 (vs $250 at orbex). Both brokers charge withdrawal fees. SpreadCo charges deposit fees; orbex does not. Overall, SpreadCo scores higher on fees in our assessment.
| Feature | orbex | SpreadCo |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
orbex offers MT5, cTrader, while SpreadCo supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. SpreadCo supports social and copy trading features, which orbex does not offer. SpreadCo edges ahead on platform breadth and functionality in our scoring.
| Feature | orbex | SpreadCo |
|---|---|---|
| MT4 | No | Yes |
| 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 | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how orbex and SpreadCo compare. Both provide video tutorials. Both integrate third-party research tools. The two brokers are evenly matched on educational content.
| Feature | orbex | SpreadCo |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. orbex accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while SpreadCo supports 2 (bank transfer, credit/debit card). orbex uniquely supports PayPal and Skrill and Neteller among the two brokers. orbex scores higher on deposit and withdrawal flexibility.
| Feature | orbex | SpreadCo |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both orbex and SpreadCo offer live chat support. Both provide phone support. Email support is available at both brokers. orbex supports 8 languages and SpreadCo supports 2, giving orbex broader global reach. Both brokers are comparable on support quality.
| Feature | orbex | SpreadCo |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, and Chinese |