FXPesa vs OctaFX

FXPesa vs OctaFX Comparison Table 2023
FXPesa Review 2023	OctaFX Review 2023
Review 1.5	Review 4.1
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available CFD brokers
FXPesa offers forex and CFD trading from its headquarters in Kenya.	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
30% deposit bonus up to $150	Up to 50% deposit bonus
Comment by Reviewer
	"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
	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
	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
Stocks, CFD, Forex	Forex, CFDs, indices, commodities, cryptocurrencies
Demo Account
Yes	Yes
Minimum Deposit
$5	$100
Trading Platforms
MT4	MT4 MT5 AutoChartist
Payment Methods
Credit Card Debit Card EasyPay Neteller Skrill	Credit Card Debit Card FasaPay Mastercard Neteller Skrill Visa Wire Transfer
Minimum Trade
$0	0.01 Lots
Regulator
CMA	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
Yes	Yes
Mobile Apps
MT4, FXPesa Trader	Yes (iOS & Android)
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
MT4	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
Yes	Yes
Account Currencies
USD	USD EUR
Stock Exchanges
FTSE UK Index New York Stock Exchange	Dow Jones FTSE UK Index Nasdaq
Commodities
Gold Oil Silver	Gasoline Gold Natural Gas Oil Silver
CFD Trading
Trade leveraged CFDs on popular financial assets, including indices and commodities.	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
1:400	1:30 (EU), 1:500 (Global)
FTSE Spread
From 0.7 pips	1.8
GBPUSD Spread
From 0.2 pips	1.1
Oil Spread
From 0.028 pips	0.7
Stocks Spread
Not Available	Variable
Forex Trading
FXPesa offers 66 currency pairs, including all majors, plus a selection of minors and exotics.	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 0.2 pips	1.1
EURUSD Spread
From 0 pips	0.7
EURGBP Spread
From 0.2 pips	2.1
Assets
66	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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