FXTM vs OctaFX

FXTM vs OctaFX Comparison Table 2023
FXTM OctaFX
WINNER
OctaFX is the better broker
4
United States Flag Traders from US not accepted
4.1
United States Flag Traders from US not accepted
FXTM is a top-rated forex and CFD broker. Offering 1000+ markets and three account types, they cater to all levels of trader. OctaFX offers commission-free multi-asset trading on MT4 & MT5 platforms with tight floating spreads. Users can also benefit from a proprietary copy trading service.
Pros
  • Copy trading
  • Demo account
  • Low minimum deposit
  • MT4 & MT5 integration
  • Strong regulatory oversight
  • Full range of investments
  • Low minimum deposit
  • Highly rated
  • MetaTrader 4 and 5
  • Copy trading
  • Commission-free trading
  • Mobile app compatibility
  • Negative balance protection (Within EU)
  • No deposit & withdrawal fees
  • Comprehensive educational content
  • Bonuses and contests available (non-EU)
  • High Leverage 1:500 (non-EU)
  • Demo account with access to unlimited virtual funds
  • Offers Islamic accounts
Cons
  • Few payment methods
  • No global stocks trading
  • Zero pip spreads unavailable
  • The global entity is regulated offshore
  • Small selection of tradeable instrument
Awards
  • Best Trading Experience 2021 - World Finance Awards
  • Best Online Leveraged Trading Services 2021 - Global Business Awards
  • Best Forex Education Partner Nigeria 2021 - World Business Outlook
  • Best Trading Experience 2020 - World Finance Awards
  • Best ECN Broker 2020 - DayTrading.com
  • 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
Bonus
30% up to $100 via Exinity Ltd Up to 50% deposit bonus
Instruments
Forex, CFDs, indices, commodities, stocks Forex, CFDs, indices, commodities, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$50 $100
Payment Methods
Minimum Trade
0.01 lots 0.01 lots
Regulator
CySEC, FCA, FSCA, FSC SVGFSA, CySEC
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
Yes Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
Yes Yes
eSignal
No No
Trading Central
No No
STP Account
Yes No
ECN Account
Yes Yes
DMA Account
No No
MAM Account
Yes No
PAMM Account
Yes 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 & Windows Yes (iOS & Android)
Auto Trading
Yes, via FXTM Invest or EAs Yes
Copy Trading
Yes Yes
Copy Trading Platform
FXTM Invest is a popular copy trading app connecting clients to established investors with successful portfolios Copy trading in 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 for live for smart investing, control your portfolio and view how your funds are invested and manage risks in real time.
Social Trading
Yes Yes
Trade Signals
Yes Yes (EAs)
VPS Hosting
Yes Yes
Tournaments
No No
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$5 0
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • PLN
  • CZK
  • NGN
  • USD
  • EUR
Stock Exchanges
Commodities
CFD Trading
Use leveraged CFDs to speculate on the price of a wide range of popular financial markets. Trade CFDs on the financial markets with floating spreads and flexible leverage.
Leverage
1:30 EU, 1:200 Global 1:500 (Global), 1:30 (EU)
FTSE Spread
1.3 pts 1.8
GBPUSD Spread<
0.3 (var) 1.1
Oil Spread
9 pts (var) 0.7
Stocks Spread
0.1% Var Variable
Forex Trading
FXTM offer forex trading on a huge range of currency pairs. Spreads can be as low as 0.1 with the ECN account types. OctaFX offers leveraged trading on currencies with floating spreads from 0.6 pips.
Forex App

FXTM deliver a great mobile trading experience. Fast, secure and easy-to-use, MT4 is a formidable trading tool. The app supports both MetaTrader 4 and 5 and delivers real time quotes, all trading execution types and full account maintenance. The charting facilities are also among the best of any mobile app. Download it today.

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
0.3 (var) 1.1
EURUSD Spread
0.1 (var) 0.7
EURGBP Spread
0.2 (var) 2.1
Assets
50+ 35
Cryptocurrency
Crypto trading not offered Trade 30+ popular digital currencies paired with the USD.
Spread
Variable Variable
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • 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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