FXOpen
Orbex
FXOpen vs Orbex
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
FXOpen and Orbex are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. FXOpen, founded in 2005 and headquartered in Christchurch, New Zealand, is regulated by FCA, ASIC, CySEC and offers spreads starting from 0.0 pips with a minimum deposit of $1. Orbex, established in 2011 in Limassol, Cyprus, holds licenses from CySEC with spreads from 0.0 pips and a $200 minimum deposit. In our hands-on testing across 8 scoring categories, FXOpen scored 7.8/10 overall compared to Orbex's 7/10, making it the stronger pick for most traders. That said, Orbex holds its own with superior education resources, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
FXOpen scores 7.8/10 overall vs 7/10 for Orbex — a 0.8-point difference.
- 💵
FXOpen requires just $1 to start, while Orbex needs $200 — FXOpen is 200x more accessible.
- 📈
FXOpen offers 600+ instruments vs 300+ at Orbex — a notable difference in market coverage.
- 🖥️
FXOpen runs on MT4, MT5, TickTrader, while Orbex uses MT4 — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Platforms & Tools: FXOpen scores 8.0 vs 6.5 for Orbex — a 1.5-point difference.
Our Verdict
FXOpen
Score: 7.8/10 · Wins 5 categories- You want lower spreads and trading fees
- You need advanced trading platforms and tools
- Top-tier regulation and fund safety are your priority
- You want access to a wider range of instruments
Orbex
Score: 7.0/10 · Wins 1 categories- You're a beginner who values learning resources
- You prefer Orbex's trading environment overall
FXOpen takes the lead with an overall score of 7.8/10 compared to 7/10, winning in 5 out of 8 scoring categories. FXOpen stands out for lower trading costs and better trading platforms, while Orbex fights back with superior education resources.
Detailed Verdict
After testing both brokers with real accounts, FXOpen comes out ahead with a 7.8/10 overall rating, winning 5 out of 8 categories. Its strongest area is Regulation & Trust where it scores 9.0/10. FXOpen holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. Orbex is not without merit — it scores 7/10 overall and excels in Trading Costs (7.5/10), winning 1 category. Traders who value superior education resources may find Orbex the better fit. For a complete breakdown, read our full FXOpen review and Orbex review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
FXOpen wins by 1.0 points
FXOpen wins by 1.5 points
FXOpen wins by 1.5 points
Orbex wins by 0.5 points
FXOpen wins by 0.5 points
FXOpen wins by 1.0 points
Full Feature Comparison
Fees & Costs
When it comes to trading costs, FXOpen has the edge with a score of 8.5/10 versus 7.5/10 for Orbex. FXOpen offers spreads starting from 0.0 pips, while Orbex starts from 0.0 pips. The minimum deposit at FXOpen is $1, compared to $200 at Orbex. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.
Trading Platforms
FXOpen scores 8/10 for platforms compared to 6.5/10 for Orbex. FXOpen provides MT4, MT5, TickTrader, while Orbex offers MT4. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.
Regulation & Safety
Regulation is crucial for fund safety. FXOpen is regulated by FCA, ASIC, CySEC (Tier 1), while Orbex holds licenses from CySEC (Tier 1). FXOpen scores 9/10 and Orbex scores 7.5/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.
Education & Research
For learning resources, Orbex leads with 7/10 compared to 6.5/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. FXOpen and Orbex both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.
Customer Support
FXOpen offers 24/5 Live Chat, Email and scores 7/10, while Orbex provides 24/5 Live Chat, Email, Phone with a score of 7/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.
Deposit & Withdrawal
FXOpen scores 7.5/10 for deposits and withdrawals, while Orbex scores 7/10. FXOpen accepts Bank Transfer, Credit Card, Skrill, Neteller, Crypto, and Orbex supports Bank Transfer, Credit Card, Skrill, Neteller. Processing times, fees, and available currencies vary. FXOpen requires a minimum deposit of $1 versus $200 for Orbex. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose FXOpen if you...
- You want lower spreads and trading fees
- You need advanced trading platforms and tools
- Top-tier regulation and fund safety are your priority
- You want access to a wider range of instruments
Choose Orbex if you...
- You're a beginner who values learning resources
- You prefer Orbex's trading environment overall
🗳️ Which Broker Do You Prefer?
Cast your vote — see what other traders think
Frequently Asked Questions
Is FXOpen better than Orbex?
FXOpen scores higher overall (7.8/10 vs 7/10), winning 5 of 8 categories. However, Orbex is stronger in superior education resources. The best choice depends on what matters most to your trading style.
Which has lower fees, FXOpen or Orbex?
FXOpen scores higher for trading costs. FXOpen offers spreads from 0.0 pips with a $1 minimum deposit, while Orbex starts from 0.0 pips with $200 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is FXOpen safe to trade with?
FXOpen is regulated by FCA, ASIC, CySEC and scores 9/10 for regulation. Orbex is regulated by CySEC with a score of 7.5/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, FXOpen or Orbex?
FXOpen scores 8/10 for platforms. FXOpen offers MT4, MT5, TickTrader, while Orbex provides MT4. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for FXOpen vs Orbex?
FXOpen requires a minimum deposit of $1, while Orbex requires $200. FXOpen has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.
Ready to Start Trading?
Open a free account with either broker and start trading today.