Global Broker Regulation Inquiry App
About WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
اردو
GMI Edge , Orbex Broker Comparison
Do you want to know which is the better broker between GMI Edge and Orbex ?
In the table below, you can compare the features of GMI Edge , Orbex side by side to determine the best fit for your needs.
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
2 / 3 forex brokers comparison in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Est. Date
Regulatory License
MT4
MT5
Crypto
Deposit/Withdrawal Methods
Trading Env.
Trading Environment Rating
Execution Speed
Trading Speed Rating
Average Execution Speed
Minimum Execution Latency
Minimum Open Latency
Minimum Close Latency
Maximum Execution Latency
Maximum Open Latency
Maximum Close Latency
Slippage
Slippage Rating
Average Slippage
Max Slippage
Maximum Positive Slippage
Maximum Negative Slippage
Trading Cost
Trading Cost Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Swap
Swap Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Disconnection Instances
Disconnection Rating
Avg. Disconnection Frequency (/day)
Avg. Reconnection Time
Account Info
Accounts
Account Name
Trading Instruments
Minimum Deposit
Maximum Leverage
Typical Spread
Stop-Out Level
Spread Types
Minimum Trade Size
Crypto
Lock Position
Scalping
EA Trading
1.58
Unverified
Under guarantee
--
--
5-10 years
VFSC
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Standard (Bonus),ECN,Cent,Standard
--
$25
--
--
60.00
Variable
0.01
--
6.53
Regulated
Under guarantee
15-20 years
CYSEC,FSA
Bank transfer,Direct Debit,Skrill,Neteller,Credit Card,Sofort,Klarna
D
C
549.8
376
396
376
1000
1000
828
D
--
--
--
D
--
31.23 USD/Lot
AA
Long: -75.95
Short: 28.62
B
0.7
48.9
STARTER,PREMIUM,ULTIMATE
--
100
1:500
As low as 1.5
0.00
--
--
--
GMI Edge 、 Orbex BrokerRelated News
Orbex BrokerRelevant Exposures
Which broker is more reliable?
To evaluate a broker's reliability and trustworthiness, consider the following four factors:
1.Forex broker introduction。
2.Do gmi-edge and orbex have lower transaction costs?
3.Which broker is safer?
4.Which broker offers the best trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Forex broker introduction
gmi-edge
| GMI Edge Review Summary | |
| Founded | 2009 |
| Registered Country/Region | Vanuatu |
| Regulation | VFSC (Unverified) |
| Market Instruments | Gold, Oil, Silver, Forex, Indices, and Stocks |
| Demo Account | ✅ |
| Leverage | Up to 1:2000 |
| Spread | From 0.0 pips |
| Trading Platform | MT4, MT5, GMI EDGE, Multi - Account Manager (MAM) |
| Minimum Deposit | $15 |
| Copy Trading | ✅ |
| Customer Support | 24/5 support |
| Email: cs.global@gmimarkets.com | |
| Contact form, live chat | |
| Regional Restrictions | the USA, EU, Sanctioned and High Risk Jurisdictions |
GMI Edge is a broker founded in 2009 and registered in Vanuatu with an unverified license from VFSC. It offers various instruments: Gold, Oil, Silver, Forex, Indices, and Stock CFDs. It also provides multiple account types: ECN Account, CENT Account, Standard Account, and a demo account, with a low minimum deposit of $15 (for the CENT account). Moreover, GMI Edge offers competitive spreads starting from 0.0 pips, high leverage of up to 1:2000, and access to MT4, MT5, GMI EDGE, and Multi-Account Manager (MAM).
Pros and Cons
| Pros | Cons |
| Demo account available | Unverified license |
| A wide range of products | Withdrawal fee charged |
| Multiple customer support channels | |
| Low minimum deposit | |
| MT4 & MT5 platform | |
| Copy trading supported |
Is GMI Edge Legit?
At present, GMI Edge holds a unverified Retail Forex License from the Vanuatu Financial Services Commission (VFSC). Please pay high attention to the safety of your funds if you choose this broker.
| Regulated Country | Regulated Authority | Current Status | Regulated Entity | License Type | License Number |
| Vanuatu | Vanuatu Financial Services Commission (VFSC) | Unverified | Global Prime Limited | Retail Forex License | 14647 |
What Can I Trade on GMI Edge?
On GMI Edge, you can trade with Gold, Oil, Silver, Forex, Indices, and Stocks.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
GMI Edge provides ECN Account, CENT Account, Standard Account, and Demo Account. And the min deposit requirement is as low as $15 (CENT account).
| Account Type | Minimum Deposit |
| ECN | $100 |
| CENT | $15 |
| Standard | $25 |
Leverage
The maximum leverage is up to 1:2000. However, note that high leverage amplifies both profits and losses.
| Account Type | Leverage |
| ECN | Up to 1:500 |
| CENT | Up to 1:1000 |
| Standard | Up to 1:2000 |
Fees
| Account Type | Spreads | Commission |
| ECN | 0.0 pips | $4 per lot |
| CENT | 0.0 pips | No Commission |
| Standard | 0.0 pips | No Commission |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Windows, MacOS, iOS, Android, Web | Beginners |
| MT5 | ✔ | Windows, MacOS, iOS, Android | Experienced traders |
| GMI EDGE | ✔ | iOS, Android, Web | / |
| Multi-Account Manager (MAM) | ✔ | / | / |
Deposit and Withdrawal
| Payment Options | Deposit Fee | Minimum Deposit | Deposit Processing Time | Withdrawal Fee | Minimum Withdrawal | Withdrawal Processing Time |
| Local Bank Transfer | ❌ | 15 USD | Instant | ❌ | 50 MYR | Between 8 am to 6 pm daily |
| Neteller | ❌ | 10 USD | Instant | 4% | 10 USD | Instant |
| Skrill | ❌ | 10 USD | Instant | 4% | 10 USD | Instant |
orbex
| ORBEX Review Summary | |
| Founded | / |
| Registered Country/Region | Cyprus |
| Regulation | CYSEC |
| Market Instruments | Forex, precious metals, energies, indices |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 1.5 pips (Starter account) |
| Trading Platform | MT4 |
| Minimum Deposit | $100 |
| Customer Support | 24/5 support, live chat, contact form |
| Tel: +357 25588855; +357 25588853 | |
| Email:support@orbex.com.cy | |
| Address: 82 Street, 6, Kato Polemidia, 4153, Limassol, Cyprus | |
| Facebook, X, LinkedIn,Twitter | |
ORBEX Information
ORBEX is a regulated broker, offering trading on forex, precious metals, energies, indices, and market holidays with leverage up to 1:500 and spread from 0.0 pips on the MT4 trading platform. The minimum deposit requirement is $100.
Pros and Cons
| Pros | Cons |
| Regulated by CYSEC | Trading fees applied |
| Demo accounts | |
| Various trading products | |
| MT4 platform | |
| No deposit and withdrawal fees | |
| Live chat support | |
| Popular payment options |
Is ORBEX Legit?
Yes. ORBEX is licensed by Cyprus Securities and Exchange Commission (CYSEC) with license number 124/10 to offer services and provides negative balance protection.
| Regulated Country | Regulator | Current Status | Regulated Entity | License Type | License No. |
| Cyprus | CYSEC | Regulated | ORBEX Ltd | Market Maker (MM) | 124/10 |
What Can I Trade on ORBEX?
ORBEX offers trading on forex, precious metals, energies, and indices.
ORBEX Clients can execute trades 24 hours a day from 00:05 on Monday until 23:30 on Friday (Cyprus Time), except for some instruments which halt at different times, such as a break.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Precious Metals | ✔ |
| Energies | ✔ |
| Cash Indices | ✔ |
| Futures Indices | ✔ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
ORBEX offers demo accounts and Islamic (Swap Free) accounts. And here are four account types ORBEX offers: Starter account, Premium account, and Ultimate account.
| Account Type | Minimum Deposit |
| Starter | $100 |
| Premium | $500 |
| Ultimate | $25,000 |
Leverage
ORBEX offers maximum leverage at 1:500 for all account types. The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.
ORBEX Fees
| Account Type | Spread | Commission |
| Starter | From 1.5 pips | $0 |
| Premium | From 0.0 pips | $8 |
| Ultimate | $5 |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, MAC OS, Android, iPhone, Multi Terminal | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
Orbex accepts payments Credit/Debit cards, Skrill/Moneybookers, Neteller, Wire Transfer, and Klarna/Sofort.
| Payment Options | Deposit/Withdrawal Fees | Deposit Time | Withdrawal Time |
| Skrill | 0 | Up to 2 hours | Up to 24 hours |
| Direct Debit / Credit Cards | 3-5 business days | ||
| Bank Wire | 3-5 business days | ||
| NETELLER | Up to 2 hours | Up to 24 hours | |
| Klarna/Sofort |
Do gmi-edge and orbex have lower transaction costs?
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive gmi-edge and orbex are, we first considered common fees for standard accounts. On gmi-edge, the average spread for the EUR/USD currency pair is -- pips, while on orbex the spread is As low as 1.5.
Which broker between gmi-edge, orbex is safer?
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
gmi-edge is regulated by VFSC. orbex is regulated by CYSEC,FSA.
Which broker between gmi-edge, orbex provides better trading platform?
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
gmi-edge provides the Standard (Bonus),ECN,Cent,Standard platform with products like --; orbex offers the STARTER,PREMIUM,ULTIMATE platform featuring assets including --.
