ForexTB vs OctaFX

ForexTB vs OctaFX Comparison Table 2024
ForexTB	OctaFX
Review 3.6	Review 4.1

Established in 2015, ForexTB (FXTB) is a multi-asset broker offering CFDs on over 300 instruments via its own web-based platform or the popular MetaTrader 4. FXTB offers a choice of four accounts with premium tiers enjoying tighter spreads and zero commissions, though substantial minimum investments climbing to €250k put these out of reach for most day traders.	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
"ForexTB is geared towards active traders in Europe who can afford the significant minimum deposit to quality for competitive trading conditions. However, there are better brokers with ForexTB still failing to deliver in key areas, notably pricing, research, education and support."	"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
ForexTB is authorized by the CySEC in Europe, a trusted regulator, though it reached a €270k settlement in 2022 for possible violations. The proprietary platform is simple by design but offers essential features with optimal charting tools, plus a limited version is accessible prior to registration. Analytics from Trading Central is included, which offers additional technical tools, analytical reviews, fundamental news, and access to primary sources of information, helping to inform trading decisions. FXTB is one of a select few brokers to offer a professional account that maintains negative balance protection, preventing losses beyond account balances. An extensive range of payment methods are supported from PayPal to bank cards and wire transfers, with same-day deposits and zero transfer fees	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
ForexTB offers wider spreads than many competitors, notably low-cost brokers like IC Markets, especially if you opt for the Basic account. FXTB imposes a €20 inactivity fee after just one month, deterring casual traders, while only VIP account holders get unlimited free withdrawals. The educational guides lack practical examples, charting analysis and interactive elements, making them of limited use for newcomers, especially compared to category leaders like IG. ForexTB prices out many retail traders with three of its four accounts requiring minimum deposits of €25k+, making it a poor option for beginners. Customer support can't be relied upon for urgent trading queries with just phone and email channels and wait times of several hours during testing, seriously lagging behind alternatives like XTB.	No stock trading Few payment methods Zero pip spreads unavailable The global entity is regulated offshore
Awards
Best Crypto CFDs Trading Platform Global 2022 - World Business Outlook Fastest Growing CFD Broker in Europe 2020 - Global Brands Magazine	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
CFDs, Forex, Indices, Stocks, Commodities, Cryptocurrencies	Forex, CFDs, indices, commodities, cryptocurrencies
Demo Account
Yes	Yes
Minimum Deposit
$250	$100
Trading Platforms
WebTrader MT4 TradingCentral	MT4 MT5 AutoChartist
Payment Methods
Credit Card Debit Card Giropay iDeal Mastercard Neteller PayPal Przelewy24 Skrill Sofort Venmo Visa Wire Transfer	Credit Card Debit Card FasaPay Mastercard Neteller Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
CySEC	SVGFSA, CySEC
Margin Trading
Yes	Yes
STP Account
Yes	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
Yes	Yes
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android	Yes (iOS & Android)
App Review
FXTB provides a mobile version of its exclusive WebTrader platform, compatible with iOS and Android devices, featuring push notifications for real-time updates. This app facilitates trade execution, chart analysis, and asset price monitoring on-the-go. Alternatively, experienced traders may prefer the MT4 app, offering robust features like drawing tools, customizable graphs, and Expert Advisors (EAs).	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
2.7	4.3
iOS App Rating
4	4.5
Auto Trading
Expert Advisors (EAs) on MetaTrader	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	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
$20	$0
Islamic Account
No	Yes
Account Currencies
USD EUR GBP JPY RUB	USD EUR
Stock Exchanges
Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index Dow Jones FTSE UK Index Hang Seng Hong Kong Stock Exchange IBEX 35 Japan Exchange Group Nasdaq Russell 2000 S&P 500	Dow Jones FTSE UK Index Nasdaq
Commodities
Aluminium Cocoa Coffee Copper Corn Cotton Gasoline Gold Livestock Natural Gas Oil Palladium Platinum Silver Soybeans Sugar Wheat Zinc	Gasoline Gold Natural Gas Oil Silver
CFD Trading
CFD trading is available across forex, commodities, indices, stocks, and cryptocurrencies, encompassing over 300 assets in total. Leverage levels vary by instrument, adhering to EU regulations with a maximum of 1:30. Spreads are variable across the platform, however there is no raw spread account that would cater to advanced day traders.	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 (Retail), 1:400 (Professional)	1:30 (EU), 1:500 (Global)
FTSE Spread
425	1.8
GBPUSD Spread
1.8	1.1
Oil Spread
10	0.7
Stocks Spread
Variable	Variable
Forex Trading
FXTB provides CFDs on 45 currency pairs, primarily consisting of crosses involving USD, EUR, GBP, or AUD. Basic account holders encounter very wide spreads, notably 3 pips on EUR/USD, while VIP members enjoy more competitive rates, with 1.6 pips offered on the same pair. The MT4 platform and app were built for forex trading.	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
From 2.0	1.1
EURUSD Spread
From 1.6	0.7
EURGBP Spread
From 1.8	2.1
Assets
45	35
Cryptocurrency
ForexTB offers short-term trading in cryptocurrency markets through approximately 25 CFDs, which are paired with USD, EUR, and GBP. Popular coins include Bitcoin, Ethereum, Dash, and Litecoin. However, there are no crypto indices, limited emerging tokens and Bitcoin spreads came in wider than average during testing.	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
Floating	Variable
Coins
BTC ETH LTC XRP XMR DSH BCH ADA DOGE XLM DOT BNB SOL	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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