Angel Broking vs OctaFX

Angel Broking vs OctaFX Comparison Table 2024
Angel Broking OctaFX
2.8

Angel Broking is #35 in our broker rankings.

4.1
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

Angel Broking has a 25+ year history of providing financial services to aspiring investors, and is the largest listed retail broker in India in terms of active clients, with 15+ million users. Clients can speculate on several asset classes including stocks, mutual funds, commodities and IPOs. The company is regulated by the Securities and Exchange Board of India (SEBI).

OctaFX is an award-winning forex and CFD broker, founded in 2011. The Cyprus-based entity is regulated by the CySEC while the offshore branch is registered with SVGFSA. The ECN broker offers competitive trading conditions on its 80+ financial instruments, with tight spreads from 0.2 pips, fast execution speeds of 0.1 second and flexible leverage. OctaFX also offers two industry-leading platforms in MetaTrader 4 and MetaTrader 5, plus an in-house copy trading solution.

Bonus Offer
Up to 50% deposit bonus
Comment by Reviewer
"Angel One is a full-service brokerage in India, suitable for traders looking for investment opportunities alongside portfolio management and savings plans." "OctaFX is a great pick for traders of all experience levels. Seasoned day traders will appreciate the ECN model with fast execution and tight spreads, while beginners will rate the user-friendly copy trading platform and low minimum deposit."
Pros
  • Proprietary mobile app available for free download to iOS and Android devices
  • Regulated by the SEBI with BSE, NSE and MCX membership
  • Demo account available to practise trading risk-free
  • Easy fund transfer service with 40+ Indian banks
  • Flat fee pricing model across segments
  • Free brokerage calculator tool
  • 2 in 1 account options
  • Leverage up to 1:40
  • GTT order feature
  • Demo account with access to unlimited virtual funds
  • Bonuses and contests available (non-EU)
  • Negative balance protection (Within EU)
  • Comprehensive educational content
  • High Leverage 1:500 (non-EU)
  • Excellent copy trading service
  • No deposit and withdrawal fees
  • Offers Islamic accounts
  • Low minimum deposit
  • Highly rated broker
  • MT4 and MT5 integration
  • Commission-free trading
  • Mobile app compatibility
Cons
  • Narrow range of instruments with only four forex pairs
  • Customer support available during trading hours only
  • Services aimed towards Indian traders
  • Higher than average NRI charges
  • No stock trading
  • Few payment methods
  • Zero pip spreads unavailable
  • The global entity is regulated offshore
Awards
  • Most Secure Broker Indonesia 2022- International Business Magazine
  • Best Global Broker Asia 2022- International Business Magazine
  • Best Forex Broker Pakistan 2022- Global Brands
  • Best Forex Broker India 2022- World Finance
  • Best Mobile Trading Platform 2022- FXDailyInfo
  • Best In Class For Social Copy Trading 2022- Forexbrokers.com
  • Best Trading Conditions Asia 2021- World Business Outlook
Instruments
Forex, Stocks, Futures, Options Forex, CFDs, indices, commodities, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$0 $100
Trading Platforms
  • Own
  • MT4
  • MT5
  • AutoChartist
Payment Methods
Minimum Trade
$0 0.01 Lots
Regulator
SEBI SVGFSA, CySEC
Margin Trading
Yes Yes
STP Account
No No
ECN Account
No Yes
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
Yes No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android Yes (iOS & Android)
App Review

OctaFX offers a user-friendly trading platform that can be used to take positions on major and minor currency pairs. Copy trading is also available via the broker’s in-house mobile application.

Android App Rating
4.3
iOS App Rating
4.5
Auto Trading
Yes
Copy Trading
No Yes
Copy Trading Platform
Copy trading at OctaFX is offered through a proprietary platform and mobile app, as well as integration via the MetaTrader suites. Users can easily diversify portfolios by copying the most profitable traders. Track professionals and their performance live for smart investing, control your portfolio and view how your funds are invested and manage risks in real time.
Social Trading
No Yes
Trade Signals
Yes (EAs)
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No Yes
Account Currencies
  • INR
  • USD
  • EUR
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered OctaFX offers leveraged CFDs on popular asset classes spanning forex, indices, commodities and cryptos. Traders benefit from ultra-fast execution speeds, reliable trading tools and zero commissions. There are also no restrictions on strategies, including hedging, scalping and automated trading.
Leverage
1:30 (EU), 1:500 (Global)
FTSE Spread
1.8
GBPUSD Spread
1.1
Oil Spread
0.7
Stocks Spread
Variable
Forex Trading
As Angel Broking is an Indian brokerage, it is limited by regulation and can only support forex trading against the INR with USD, GBP, EUR or JPY. There are relatively low fees of ₹20 per order or 0.25% for futures and options contracts. OctaFX offers leveraged trading on dozens of currencies with competitive spreads that average 0.9 pips on the EUR/USD. Clients also benefit from high-quality research from the team's analysts with insights into forex trends and news events, alongside technical analysis.
Forex App

OctaFX offers a user-friendly trading platform that can be used to take positions on major and minor currency pairs. Copy trading is also available via the broker’s in-house mobile application.

GBPUSD Spread
N/A 1.1
EURUSD Spread
N/A 0.7
EURGBP Spread
N/A 2.1
Assets
4 35
Cryptocurrency
Crypto trading not offered Trade 30+ popular digital currencies paired with the USD, including big tokens like Bitcoin and Ethereum. EU traders can access 1:2 leverage while global traders can access rates of up to 1:25 on major tokens. Cryptos can be traded around the clock, including on weekends.
Spread
Variable
Coins
  • BTC
  • LTC
  • ETH
  • ZEC
  • SOL
  • ADA
  • DOT
  • ATOM
  • LINK
  • AVAX
  • BTB
  • MANA
  • MATIC
  • NEAR
  • IOTA
  • DOGE
  • DASH
  • ALGO
  • AAVE
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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