Orbex vs EagleFX

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

Orbex vs EagleFX Comparison Table 2024

Orbex	EagleFX
2.4	4.1
Orbex is ranked #92 among CFD brokers.	EagleFX is ranked #28 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.	EagleFX is a forex and CFD broker, established in 2019. The broker uses STP execution on the MT4 platform, offering tight spreads and low commissions. With leverage up to 1:500 and no restrictions on hedging or scalping, EagleFX is an attractive option for short-term traders.
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	The $6 round-turn commissions at EagleFX are competitive, with other commission structures we review often coming in at around $7 per round-turn, protecting profit margins for active traders. This broker offers free and unlimited demo accounts in MT4, plus no inactivity fees - ideal for beginners seeking a risk-free environment to develop trading strategies. EagleFX has introduced Bitcoin deposits, as well as fast-tracked withdrawals, which will serve active traders looking for hassle-free account management. EagleFX continues to offer 24/7 customer support to clients via live chat, email or telephone while the ticket system on the website usually sees replies within 15 minutes.
Cons
Prepaid card only available to clients in the Gulf Region and Palestine No copy trading solution No top-tier regulation	EagleFX needs to step up its education with extremely basic guides and no learning articles added since 2022, made worse by the lack of analyst insights to inform trading strategies. The range of 100+ instruments on the EagleFX platform will be extremely limiting for serious traders, especially compared to category leaders like Blackbull with its 26,000+ tradable assets. EagleFX is based offshore and is not authorized by a trusted regulator, meaning traders may receive little to no safeguards, substantially increasing the risks of trading with this broker.
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	FX Broker With Best Withdrawal Options 2020 Best ECN/STP Broker 2020 Best Forex Broker 2020
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
Forex, CFDs, indices, commodities, futures	Forex, CFDs, Indices, Stocks, Commodities, Cryptocurrencies
Demo Account
Yes	Yes
Minimum Deposit
$200	$10
Payment Methods
Credit Cards FasaPay Neteller Skrill Visa WebMoney	Credit Cards Debit Card Mastercard Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
CySEC, BaFin, FSC (Mauritius)
Mobile Apps
Yes	iOS & Android
iOS App Rating
	4.8
Android App Rating
	4.4
Margin Trading
No	Yes
MetaTrader 4
Yes	Yes
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
Yes	No
STP Account
No	Yes
ECN Account
Yes	Yes
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	No
Auto Trading
Expert Advisors (EAs) on MetaTrader	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	No
Social Trading
No	No
Trade Signals
Yes	MT4
VPS Hosting
No	No
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
Commodities
Gold Silver	Gold Silver Oil
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.	The broker offers a small range of 100+ CFD instruments spanning key markets, with high leverage up to 1:500. Pricing is reasonable, with round turn commissions coming in at $6 alongside tight spreads. Multiple short-term strategies are also permitted, including hedging and scalping.
Leverage
1:500	1:500
FTSE Spread
1.5	0.77
GBPUSD Spread<
From 0	1.3
Oil Spread
1.8	0.09
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.	EagleFX provides opportunities to go long or short on over 50 forex pairs from majors to exotics, with competitive spreads as low as 0.1 pips. The broker offers the leading charting software, MetaTrader 4, which delivers a host of charting tools for traders, including 9 timeframes and over 30 indicators.
Assets
44	55+
GBPUSD Spread
From 0	1.3
EURUSD Spread
From 0	0.7
EURGBP Spread
From 0.5	1.4
Cryptocurrency
	A strong range of cryptocurrencies are available with 35+ tokens including popular assets like Bitcoin and Ethereum. You can also make convenient Bitcoin deposits within minutes, with no transfer fees.
Spread
	Floating
Coins
	BCH BTC DASH EOS BIT ETP LTC BTC OMG ZEC USDT BCH ETP QTUM XMR DOT ETC IOS NEO SAN ZRX EDO ETH IOT NEO SAN XRP BTG EDO ETH OMG TRX XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Orbex	EagleFX
Review	Review
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