orbex
Virtual Brokers
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
orbex was founded in 2012 and is headquartered in Cyprus, while Virtual Brokers was established in 2008 and is based in Canada. orbex holds licences including Financial Conduct Authority (FCA), while Virtual Brokers is regulated by The Investment Industry Regulatory Organization of Canada (IIROC) among others. orbex serves 10,000+ clients worldwide; Virtual Brokers has 10,000+. The minimum deposit is $250 at orbex and $1000 at Virtual Brokers.
| Feature | orbex | Virtual Brokers |
|---|---|---|
| Min. Deposit | $250 | $1000 |
| 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 | The Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF) |
| Founded | 2012 | 2008 |
| Country | Cyprus | Canada |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between orbex and Virtual Brokers, directly affecting your bottom line as a trader. Virtual Brokers has a lower barrier to entry with a minimum deposit of $1000 (vs $250 at orbex). Both brokers charge withdrawal fees. Virtual Brokers charges deposit fees; orbex does not. The two brokers are broadly comparable on fee structure.
| Feature | orbex | Virtual Brokers |
|---|---|---|
| Min. Deposit | $250 | $1000 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
orbex offers MT5, cTrader, while Virtual Brokers supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Virtual Brokers supports social and copy trading features, which orbex does not offer. Virtual Brokers edges ahead on platform breadth and functionality in our scoring.
| Feature | orbex | Virtual Brokers |
|---|---|---|
| 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 | MT4,Desktop,iPhone/iOS |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how orbex and Virtual Brokers compare. Virtual Brokers runs regular live webinars; orbex does not. Both provide video tutorials. Virtual Brokers publishes daily market commentary; orbex does not. Both integrate third-party research tools. Virtual Brokers maintains an archive of past webinars for on-demand viewing. Virtual Brokers scores higher overall in education and research.
| Feature | orbex | Virtual Brokers |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| 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 Virtual Brokers 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 | Virtual Brokers |
|---|---|---|
| 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 Virtual Brokers offer live chat support. Both provide phone support. Email support is available at both brokers. orbex supports 8 languages and Virtual Brokers supports 2, giving orbex broader global reach. Both brokers are comparable on support quality.
| Feature | orbex | Virtual Brokers |
|---|---|---|
| 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 |