Saxo Bank vs Orbex: Which One is Better for You?


Saxo Bank vs Orbex, 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 Saxo Bank vs Orbex, here is the direct comparison:

Feature
Go to Saxo Bank

Go to Orbex

Rating

General Rating 3.86/5
3.61/5
Trustpilot 2.0/5

rated by 1 users
2.8/5

rated by 7 users

General Information

Office(s) China, Greece, India, Italy, Netherlands, Spain, United Arab Emirates and United Kingdom Cyprus and Kuwait
Regulation ASIC 109605610
Banque de France, 483632501
CySEC, 163/12
FCA (UK), FC026688
FSA (Denmark), 1149
SFC (Hong Kong), 1395901
ESMA
Banque de France, 73762
CNMV (Spain) 2894
CONSOB (Italy), 3148
CySEC, 124/10
FCA (UK), 553071
ESMA
Established 1992 2009
Minimum Deposit $10000 $200
Maximum Leverage 1:200 1:500
Spread Fixed Variable
Commissions $5
Minimum Position 0.05 lot 0.1 lot
Payment Credit/debit cards and Wire transfer Credit/debit cards, FasaPay, Neteller, Skrill, WebMoney and Wire transfer
Official Website Visit Saxo Bank Visit Orbex

Account Variations

Segregated Account
Islamic Account
PAMM Account
Managed Account
LAMM Account
MAM Account
Forex Demo Account

Trading Requirements

Hedging
US traders are welcome
Requires sending documents via postal mail
Overnight interest rates (swaps)
Trading by telephone

Trading Features

Trading contests
Automated trading
Interest rate on funds
Bonus offers
Free education
Personal manager
Affiliate program

Trading Platforms and Complements

Mobile trading
Browser-based platform
Trading via API
One-click trading
Trailing stop
Pending orders
One-Cancels-Other (OCO) orders

Instruments Traded

Forex
CFD
Indexes
Spread betting
Gold & silver
Cryptocurrencies
Stocks
Binary options
Oil
Metals
Energies
Futures
ETF
Soft commodities
Options
Agriculture
Bonds

Customer Support

Website Languages Arabic, Chinese, Czech, Danish, Dutch, English, Finnish, French, German, Greek, Hebrew, Hungarian, Italian, Norwegian, Polish, Romanian, Russian, Slovenian, Spanish Arabic, Bengali/Bangla, Chinese, English, German, Indonesian, Italian, Japanese, Persian, Polish, Russian, Spanish, Urdu
Email Support
Call Support
Chat Support

Reviews

General Review Read Saxo Bank Review Read Orbex Review
User Reviews

Thomas

Sep 17 2020

Customer service simply does not exist. Forget them. They have a great affiliate marketing to convince people to join but that is all.

Terajuana

Sep 16 2020

started the online application process but midway through i checked this site for their reviews and seen how bad they are. I stopped the process but my details were saved on their system. They have tried to call me 3 times every day for the last 2 weeks and no signs of them stopping. Why do they need to do this and it is a major red flag. avoid

More User Review

Rocky Hasan

Sep 13 2020

One of the best broker. Good charts, good representatives, good spreads, good execution, great tools to facilitate trading. As a whole awesome. New broker, but great service. Hope this broker remains like this always.

Moonirman

Sep 12 2020

I am using this broker for few month and earning profit consistently. Never faced single problem with the execution. Trading environment is much good rather than other CYSEC regulated broker. Their support team is very much helpful. Overall I am happy with this broker.

More User Review

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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, Saxo Bank provides their pricing with Fixed while Orbex offers Variable.



Saxo Bank vs Orbex: 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, Saxo Bank enables trading with SaxoTraderPRO (Limited with 20 days), SaxoWebTrader (Limited with 20 days), SaxoTraderGO (Limited with 20 days). The offer is supported with Mobile trading, Browser-based platform, One-click trading, Trailing stop, Pending orders. In comparison, Orbex provides trading with MetaTrader 4 (Limited with 30 days of inactivity) with the support of Mobile trading, One-click trading, Trailing stop, Pending orders.



Is Saxo Bank or Orbex 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, Saxo Bank supports trading with Forex, Gold & silver, CFD, Spread betting, Cryptocurrencies, while Orbex presents the ability of trading with Forex, Gold & silver, CFD, Oil, Futures, Indexes.

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.

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