Crypto.com vs OctaFX
| Crypto.com Review 2023 | OctaFX Review 2023 |
|---|---|
3
Crypto.com is #31 in our crypto broker rankings. |
4.1
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 Traders from US accepted |
Traders from US not accepted
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Crypto.com is one of the biggest names in cryptocurrency trading, developed with the aim to expedite the world's transition to DeFi technologies. The crypto exchange offers token lending, pre-paid cards, NFTs and more. The firm was established in Germany in 2016 and its quality is proven by its 10 million active users. |
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 | |
| "Crypto.com is good for retail investors that want to speculate on the crypto markets with the security of an established and reputable exchange." | "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 | |
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| Cons | |
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| Awards | |
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| Instruments | |
| Crypto | Forex, CFDs, indices, commodities, cryptocurrencies |
| Demo Account | |
| No | Yes |
| Minimum Deposit | |
| $0 | $100 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| 0.0003 BTC | 0.01 Lots |
| Regulator | |
| 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 | |
| No | 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 | |
| No | Yes |
| Mobile Apps | |
| iOS & Android | Yes (iOS & Android) |
| 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 | |
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| 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 | |
| Forex trading not offered | 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. |
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| GBPUSD Spread | |
| 1.1 | |
| EURUSD Spread | |
| 0.7 | |
| EURGBP Spread | |
| 2.1 | |
| Assets | |
| 35 | |
| Cryptocurrency | |
| Crypto.com provides access to more than 100 cryptocurrencies, including Bitcoin. All products can be purchased with leverage of up to 1:3 and trading fees follow an effective tiered commission structure. | 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 | |
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| Crypto Lending | |
| Yes | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| Yes | No |
| Auto Market Maker | |
| No | No |
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| More Comparisons | |
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Crypto.com vs |
OctaFX vs |