Compare Orbex Vs Interactive Brokers: Which is the Better Forex Broker in 2024?
Orbex Vs Interactive Brokers, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between Orbex Vs Interactive Brokers, here is the direct comparison:
Feature | Orbex | Interactive Brokers |
General Rating |
2.38/5 |
2.42/5 |
|
Score | 65 | 66 | |
Trustpilot |
4.4/5 39 users |
3.5/5 2644 users |
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💼 Regulation | |||
❗Info | |||
⌛ Established | 2009 | 1977 | |
💲 Min Deposit | $200 | $10000 | |
⚖ Max Leverage | 1:500 | 1:100 | |
🔢 Spread | Variable | Fixed | |
💸 Commissions | $5 | ||
💡 Min Position | 0.1 lot | 0.25 lot |
💳 Payment | WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, FasaPay, Tether (USDT) and Perfect Money | Wire transfer, Check and BPAY | |
🏢 Office(s) |
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🧩 Demo Account | |||
📁 Segregated Account | |||
🕋 Islamic Account | |||
👨💻 PAMM Account | |||
📈 Managed Account | |||
LAMM Account | |||
MAM Account |
💱 Hedging | |||
🇺🇸 US traders | |||
📫 Requires sending documents via postal mail | |||
🕛 Swaps | |||
☎️ Trading by telephone |
🏆 Trading contests | |||
⚡ Automated trading | |||
💰 Bonus offers | |||
📖 Free education | |||
👔 Affiliate program |
1️⃣ One-click trading | |||
⏱ Trailing stop | |||
⏳ Pending orders |
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🗣 Website Languages | Arabic, Bengali/Bangla, German, English, Persian, Indonesian, Italian, Japanese, Polish, Urdu, Chinese | German, Spanish, French, Italian, Japanese, Russian, Chinese |
🚪 Trade Now | Open Orbex | Open Interactive Brokers |
Testimonials
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Orbex: One of the best broker. Good charts, good representatives, good...
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Orbex: I am using this broker for few month and earning...
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Orbex: Very good broker, fast execution, no slippage.
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Orbex: Professional broker and available all the time, effective market analysis,...
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Orbex: Good spreads. As a part time trader I want the...
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Orbex: One of the best broker. Good charts, good representatives, good...
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Orbex: I am using this broker for few month and earning...
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Orbex: Very good broker, fast execution, no slippage.
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Orbex: Professional broker and available all the time, effective market analysis,...
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Orbex: Good spreads. As a part time trader I want the...
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Interactive Brokers: I have worst CS moment here. They are a bit...
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Interactive Brokers: While the platform is good. When you have a problem...
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Interactive Brokers: The web site does not always connect you may have...
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Interactive Brokers: The platform is absolutely solid and the folks at IB...
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Interactive Brokers: Pros: Fast, InexpensiveCons: Terrible Scanner, Horrible Charts, Customer Services
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Orbex: One of the best broker. Good charts, good representatives, good...
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See More Orbex Testimonials
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See More Interactive Brokers Testimonials
News
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Interactive Brokers Forex Broker Sees 11% Jump in DARTs
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Interactive Brokers Rocks Q4: Strong Revenue Led by Options Surge
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Interactive Brokers Continues Success, Surpassing 2.5 Million Clients
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Interactive Brokers Merging Europe and Ireland Office
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Orbex and HonorFX Sign Partnership Strategic Agreement
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Interactive Brokers Trading Volume in August Remains Flat
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Interactive Brokers Reported Decline Revenue and High DART
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Interactive Brokers Adds European Stocks for Clients
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Prepaid Card and Orbex Card App are Now Available
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Interactive Brokers Reports Growth in DARTs and Client Accounts in May
Bonus
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Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, Orbex provides their pricing with Variable spread while Interactive Brokers offers Fixed spread.
Orbex vs Interactive Brokers: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, Orbex enables trading with MetaTrader 4 (Limited with 30 days of inactivity). The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, Interactive Brokers provides trading with Web Trader (SerSart), FX-Trader, Trader Workstation with the support of One-click trading, Trailing stop, Pending orders.
Is Orbex or Interactive Brokers better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, Orbex supports trading with Forex, Gold & silver, CFD, Oil, Futures, Indexes, Crypto, while Interactive Brokers presents the ability of trading with Forex, Gold & silver, CFD, Stocks, Options, Futures, Bonds, ETF, Crypto.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
Looking for more references? Here are other comparisons related to Orbex and Interactive Brokers:
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