Orbex vs Zenfinex

Orbex vs Zenfinex Comparison Table 2024
Orbex Zenfinex
2.4
Not Yet Rated
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

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.

Zenfinex is a UK-headquartered broker offering social trading, low fees and MT4.

Comment by Reviewer
"Orbex is a top choice for Gulf Region traders looking for award-winning multilingual customer support and the locally supplied prepaid card, or beginners looking to invest through PAMM accounts."
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
Cons
  • Prepaid card only available to clients in the Gulf Region and Palestine
  • No copy trading solution
  • No top-tier regulation
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
Instruments
Forex, CFDs, indices, commodities, futures Forex, CFDs, indices, commodities
Demo Account
Yes Yes
Minimum Deposit
$200 $50
Trading Platforms
  • MT4
  • TradingCentral
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
CySEC, BaFin, FSC (Mauritius) FCA, SVGFSA
Margin Trading
No No
STP Account
No No
ECN Account
Yes No
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
Mobile Apps
Yes Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader Yes
Copy Trading
No Yes
Copy Trading Platform
Zenfinex offers social copy trading through the interactive iOS and Android ZenConnect mobile app. Investors can buy and sell on the financial markets using the tips and positions of other traders.
Social Trading
No Yes
Trade Signals
Yes Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
Yes No
Commodities
CFD Trading
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. Leveraged contracts for difference are available on multiple financial markets.
Leverage
1:500 1:30 (UK), 1:400 (Global)
FTSE Spread
1.5 2.0
GBPUSD Spread
From 0 0.3
Oil Spread
1.8 0.05
Stocks Spread
Variable N/A
Forex Trading
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. Ultra competitive spreads are available on forex pairs at Zenfinex.
GBPUSD Spread
From 0 0.3
EURUSD Spread
From 0 0.1
EURGBP Spread
From 0.5 0.3
Assets
44 50+
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