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Orbex vs FP Markets

Orbex or FP Markets – which is better for UK traders 2024? Compare Orbex and FP Markets in this detailed breakdown of their platforms, features and fees.

Orbex vs FP Markets Comparison Table 2024
Orbex	FP Markets

2.4	4
Orbex is ranked #97 among CFD brokers.	FP Markets is ranked #65 among CFD brokers.
Review	Review
Founded in 2011, Orbex is an award-winning offshore forex and CFD broker, licensed in Mauritius and the Seychelles. This NDD broker aims to provide clients with transparency, security and market-leading technology. With low trading costs, PAMM accounts and vast education resources, this broker is a popular choice among beginners and expert traders.	FP Markets is an ASIC- and CySEC-regulated broker that offers forex and CFD trading on a broad range of assets through the MT4, MT5 and IRESS platforms. With trading available through standard and raw spread accounts on thousands of international stocks, forex, indices, commodities, cryptocurrencies, bonds and ETFs, this broker has some of the most comprehensive market coverage available. FP Markets also offers a full range of additional features, including educational resources and access to powerful software such as Autochartist.
Pros
Access additional trading tools to help you make informed decisions, including integrated Trading Central analysis and a free VPS Excellent monthly webinars aimed at various experience levels plus comprehensive educational hub 24/5 multilingual customer support via telephone, email and live chat Instant deposits and withdrawals via the secure Orbex wallet, with no fees Orbex prepaid card and mobile app allows you to fund, trade and transfer directly from your wallet Member of the Investor Compensation Fund to compensate clients if the broker fails to meet its obligations	Regulated and reputable broker with ASIC and CySEC oversight Tight spreads available on both the standard and raw spread account Good range of additional tools and features including educational content, Myfxbook and Autochartist Excellent line-up of charting platforms including MT4, MT5, cTrader and TradingView Bespoke copy trading platform High leverage up to 1:500
Cons
Prepaid card only available to clients in the Gulf Region and Palestine No copy trading solution No top-tier regulation	$55 subscription fee on IRESS accounts Withdrawal fees for some payment types Does not accept US customers
Awards
Best FX Broker Europe 2020 - Global Banking & Finance Review Best FX Broker Mena 2020 - Global Banking & Financing Review Best Forex Broker 2019 - Global Banking & Finance Review Best Trading Education Provider 2018	Best Global Forex Value Broker 2019 - Global Forex Awards Best Quality of Trade Execution 2019 - Investment Trends
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
Forex, CFDs, indices, commodities, futures	CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$200	$100
Payment Methods
Credit Cards FasaPay Neteller Skrill Visa WebMoney	Credit Cards FasaPay Mastercard Neteller Perfect Money Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
CySEC, BaFin, FSC (Mauritius)	ASIC, CySEC, ESMA
Mobile Apps
Yes	iOS & Android
iOS App Rating

Android App Rating

Margin Trading
No	No
MetaTrader 4
Yes	Yes
MetaTrader 5
No	Yes
cTrader
No	Yes
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	Yes
Autochartist
No	Yes
eSignal
No	No
Trading Central
Yes	Yes
STP Account
No	Yes
ECN Account
Yes	Yes
DMA Account
No	Yes
MAM Account
No	Yes
PAMM Account
No	Yes
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
No	Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	Yes
Copy Trading Platform
	FP Markets Social Trading app allows for the straightforward mirroring of established traders with an easy-to-follow ranking system.
Social Trading
No	Yes
Trade Signals
Yes
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$0
Islamic Account
Yes	Yes
Account Currencies
	USD EUR GBP CAD AUD JPY TRY CHF PLN CZK THB VND
Commodities
Gold Silver	Gold Silver Natural Gas Oil Platinum Palladium Copper Aluminium Soybeans Corn Wheat Steel Iron
CFD
Go long or short on CFDs across key asset classes. Traders can choose between the powerful MT4 or MT5 platforms and conduct comprehensive analysis using the pre-included charting tools and Expert Advisors.	FP Markets' CFD trading covers a range of markets, including 10,000+ equities, indices, commodities, cryptocurrencies and ETFs. Spreads are tight and traders get fast execution speeds.
Leverage
1:500	1:30 (UK), 1:500 (Global)
FTSE Spread
1.5	1.64
GBPUSD Spread<
From 0	1.9 average
Oil Spread
1.8	0.04
Stocks Spread
Variable	Variable
Forex
Orbex offers 44 currency pairs with minimum spreads from 1.5 pips in the standard account, which is not as competitive as other brands. On the plus side, some traders will be pleased to see high leverage up to 1:500.	FP Markets is a good option for forex traders, with 70+ pairs covering an excellent range of currencies. Spreads are already tight on standard accounts and start from zero on raw spread accounts, and the broker offers high leverage up to 1:500 and top-tier liquidity.
Assets
44	60+
GBPUSD Spread
From 0	1.9
EURUSD Spread
From 0	1.1
EURGBP Spread
From 0.5	1.7
Currency Indices
	USD
Cryptocurrency
	Take positions on popular cryptocurrencies, including Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin with leveraged CFDs. However, you cannot directly buy and own crypto tokens.
Spread
	Floating
Coins
	ADA BCH BTC DOG DOT EOS ETH LNK LTX XRP SOL XLM
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Orbex	FP Markets
Review	Review
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