OANDA vs Orbex Comparison
Compare trading conditions, commissions and platforms of Forex brokers OANDA and Orbex. Find out which broker is best for you.
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - OANDA or Orbex?
Key differences between the brokers
Below, we show only the differences in trading conditions covered in our reviews. These may include the minimum deposit, available markets, platforms and account types. Compare these details with your requirements.
OANDA
- Minimum deposit · USD
- 1 USD
- Different platforms
- TradingView
- fxTrade
Orbex
- Minimum deposit · USD
- 100 USD
- Different platforms
- None listed
Comparison Table of OANDA and Orbex
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| Broker | OANDA | Orbex |
|---|---|---|
| Foundation Year | 2001 | 2010 |
| Regulated in Countries | United States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland | Mauritius, Seychelles, Saint Vincent and the Grenadines |
| Minimum Deposit |
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| Spread | from 0.5 points | from 0 points |
| Max Leverage | 1:200 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review |
OANDA Review
Oanda is an excellent choice for traders seeking a reliable and regulated broker with competitive spreads and various trading assets.
With quality analytics and diverse educational materials, Oanda suits beginners and experienced traders.
Pros and Cons of OANDA
Pros
- Tight spreads.
- Diverse markets and products.
- Advanced trading platforms.
- Quality analytics.
- Extensive learning section.
Cons
- Limited trading account types.
- Inactivity fee.
- High swaps.
OANDA is in the top 10 of the following ratings:
Orbex Review
Broker Orbex offers various trading instruments, account types, and extensive analytical and educational materials. These factors make it an attractive choice for novice traders seeking educational resources and experienced investors who require access to various markets.
Orbex can be a good choice for those looking for diversity in trading opportunities and value educational resources.
Pros and Cons of Orbex
Pros
- Extensive educational materials.
- Analytical reviews and forecasts from experienced analysts.
- Availability of PAMM accounts.
- A wide range of trading assets.
Cons
- Lack of stringent regulation.
- Above-average commissions.
- Mixed reviews about customer support.
Reliability
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| Broker | OANDA | Orbex |
|---|---|---|
| Reliability | 5/5 | 3/5 |
| Foundation Year | 2001 | 2010 |
| Regulated in Countries | United States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland | Mauritius, Seychelles, Saint Vincent and the Grenadines |
| Regulators |
OANDA
Oanda demonstrates a high level of reliability, evidenced by licenses from the world's leading regulators.
Orbex
Orbex is regulated by the FSA and FSC, but the absence of oversight by strict regulators may raise trust issues.
Pros
- Presence in the international market.
Cons
- Lack of oversight by strict Forex broker regulators.
Account Opening
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| Broker | OANDA | Orbex |
|---|---|---|
| Account Opening | 4.5/5 | 4.5/5 |
| Minimum Deposit |
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OANDA
Oanda offers a straightforward and structured registration process, ensuring convenience for clients.
Pros
- Clearly structured registration process.
- No minimum deposit, offering flexibility for traders.
Cons
- Additional documents may be required in some cases.
- Document verification can take from 1 to 2 working days.
Orbex
Opening an account with Orbex is simple and structured, but requires attention to detail.
Pros
- Easy online registration process.
- Fast verification if documents are in English.
Cons
- Requirement for detailed profile completion.
- Necessity to upload several documents.
Account Types
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| Broker | OANDA | Orbex |
|---|---|---|
| Account Types | 3/5 | 3.8/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.5 points | from 0 points |
| Max Leverage | 1:200 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | Yes | Yes |
| Swap-free Account | Yes | Yes |
OANDA
Oanda provides various trading accounts, but some specialized types are missing.
Pros
- Standard accounts are available.
- Demo accounts are offered.
- Swap Free accounts are available for traders following Islamic principles.
Cons
- Cent accounts are missing.
- No fixed spread accounts.
- No investment accounts are available.
Orbex
Orbex offers a variety of accounts that satisfy most traders.
Pros
- Wide selection of accounts for different levels of experience.
- Additional options such as VPS and PAMM accounts.
- Opportunity to trade without swaps.
Cons
- Absence of cent accounts.
- No accounts with fixed spreads.
Commissions
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| Broker | OANDA | Orbex |
|---|---|---|
| Commissions | 3.5/5 | 1.5/5 |
| Spread | from 0.5 points | from 0 points |
| Average Spread (EURUSD) | 0.8 | 1.5 |
| Commission | No data | per 1 lot$4.00 |
OANDA
Oanda's fees are moderate, making this broker competitive.
Pros
- No fees for deposits and withdrawals.
- Low spreads on major currency pairs.
Cons
- Inactivity fee is charged.
- Swaps may be high for some currency pairs.
Orbex
Orbex's commissions are higher than the market average.
Pros
- No commissions for depositing or withdrawing funds.
Cons
- High transaction commission on Premium accounts.
- Above-average swap costs.
- Inactivity fee.
Deposit and Withdrawal
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| Broker | OANDA | Orbex |
|---|---|---|
| Rating | 4/5 | 5/5 |
| Account Funding Methods |
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OANDA
Oanda offers flexible conditions for depositing and withdrawing funds, but payment system commissions and currency conversion costs may apply.
Pros
- The broker does not charge a fee for deposits and withdrawals.
- A wide selection of payment systems is available.
- No restrictions on the amounts of deposits and withdrawals.
Cons
- High commission fees for certain methods by payment systems.
- Withdrawal request processing time may be long.
- Cryptocurrencies are not available as a payment method.
Orbex
Orbex offers convenient and fast methods for depositing and withdrawing without commissions.
Pros
- Wide selection of methods.
- No commissions.
- Fast processing of most operations.
Markets and Products
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| Broker | OANDA | Orbex |
|---|---|---|
| Markets and Products | 4.4/5 | 5/5 |
| Forex | 48 | 36 |
| Precious Metals | 3 | 4 |
| Energy Carriers | 3 | 1 |
| Soft Commodities | 4 | 3 |
| Indices | 18 | 5 |
| Stocks | 1607 | 146 |
| Cryptocurrency | 18 | 11 |
OANDA
Oanda offers an extensive set of markets and products, making it a versatile choice for traders of different levels.
Pros
- A wide range of currency pairs.
- A large selection of stocks and indices.
- Access to cryptocurrency trading.
Cons
- Maximum leverage is only up to 1:200.
Orbex
Orbex offers a variety of markets and products with flexible leverage.
Trading Platforms
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| Broker | OANDA | Orbex |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Trading Platforms |
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OANDA
Oanda provides high-quality trading platforms with deep functionality and integration with TradingView.
Pros
- Access to classic platforms MT4 and MT5.
- The fxTrade mobile app with integration with MT5.
- Integration with TradingView.
Cons
- No MetaTrader alternatives for desktop devices.
Orbex
Orbex offers MT4 and MT5, providing good functionality and accessibility.
Pros
- Availability of MT4 and MT5.
- Accessibility on different devices.
- Wide range of functionalities.
Cons
- Lack of WebTrader versions.
- No alternative to MetaTrader.
Analytics
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| Broker | OANDA | Orbex |
|---|---|---|
| Rating | 5/5 | 5/5 |
OANDA
The Oanda broker's analytical section offers many tools that help traders make informed decisions.
Orbex
Orbex offers high-quality analytics with extensive tools and expert reports.
Pros
- Comprehensive market analysis.
- Use of AI and algorithms.
- Live streams and expert reports.
Education
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| Broker | OANDA | Orbex |
|---|---|---|
| Rating | 4.5/5 | 4/5 |
OANDA
Oanda provides an extensive range of educational resources, catering to new and experienced traders, focusing on leveraged trading.
Pros
- Comprehensive coverage of fundamental and technical analysis.
- Variety of resources including webinars, workshops, and live market analysis.
- Free access to premium content for live account holders.
Cons
- Some advanced topics may not be covered in depth.
Orbex
Orbex offers a variety of educational materials, including webinars and books.
Pros
- Webinars and seminars in different languages.
- Free e-books.
- Video tutorials on working with MT4.
Cons
- No personalized training.
Customer Support
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| Broker | OANDA | Orbex |
|---|---|---|
| Rating | 5/5 | 3/5 |
| Email Support | ||
| Hotline Phones | ||
| Social Media |
OANDA
Oanda's technical support provides extensive communication options and round-the-clock service, ensuring the professionalism and efficiency of the solutions provided.
Orbex
Orbex's customer support has mixed reviews.
Pros
- 24/7 operation.
- A variety of communication channels.
- Quick response in some cases.
Cons
- Variable quality of service.
Comparisons of OANDA and Orbex with other brokers
Conclusion
When choosing between OANDA and Orbex, match their platforms, markets, account types and funding terms to your needs.
Before opening an account, verify fees, regulation, support and service availability for your country in the sections above.
FAQ
Which broker is better: OANDA or Orbex?
OANDA ranks higher than Orbex in our editorial ranking. That does not make it a universal choice: compare fees, markets, platforms, account types and support.
Which broker is better for beginners: OANDA or Orbex?
Beginners should compare availability in their country, account types, minimum deposit, trading platforms and customer support.
Who has lower typical trading costs (spreads/commissions) — OANDA or Orbex?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with OANDA and Orbex?
OANDA: MetaTrader 5, MetaTrader 4, TradingView, fxTrade. Orbex: MetaTrader 4, MetaTrader 5. See the “Platforms” section for details and selection tips.
What markets can you trade with OANDA and Orbex?
OANDA: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, Cryptocurrency. Orbex: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by OANDA and Orbex?
OANDA: Standard, Swap Free. Orbex: Starter, Premium, Ultimate. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by OANDA and Orbex?
OANDA: Skrill, Neteller, Swift, Visa, Mastercard. Orbex: Skrill, Neteller, FasaPay, Bank Transfer, Visa, Mastercard, Przelewy24. Check method-specific fees/settlement times.
Which broker is safer — OANDA or Orbex — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
