Global Prime vs OctaFX

Global Prime vs OctaFX Comparison Table 2023
Global Prime	OctaFX
Review 3.8	Review 4.1
Traders from US not accepted	Traders from US not accepted
Global Prime is a multi-regulated trading broker offering 100+ markets. Traders can get started with a $200 minimum deposit and trade with leverage up to 1:100. The firm also has a high trust score and a good reputation.	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.
Bonus Offer
	Up to 50% deposit bonus
Promotions
	Get A 50% Bonus On Each Deposit At OctaFX
Comment by Reviewer
"Global Prime is suitable for both beginners and seasoned traders with excellent market access, low fees and a range of tools including copy trading."
Pros
Full range of investments Multiple account currencies Multiple deposit methods MetaTrader 4 integration Good execution speed Strong regulation Copy trading	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
Clients from US and Canada are not accepted No MetaTrader 5 integration	Few payment methods No global stocks trading Zero pip spreads unavailable The global entity is regulated offshore Small selection of tradeable instrument
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, indices, commodities, cryptocurrencies, shares, bonds	Forex, CFDs, indices, commodities, cryptocurrencies
Demo Account
Yes	Yes
Minimum Deposit
AUD $200	$100
Payment Methods
Boleto BPAY Credit Card Dragonpay FasaPay Mastercard Neteller PayPal POLi Skrill Visa Wire Transfer	Credit Card Debit Card FasaPay Mastercard Neteller Skrill Visa Wire Transfer
Minimum Trade
0.01 lots	0.01 lots
Regulator
ASIC, VFSC, FSA	SVGFSA, CySEC
Margin Trading
Yes	Yes
MetaTrader 4
Yes	Yes
MetaTrader 5
No	Yes
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
Yes	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
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
Yes	No
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
iOS & Android	Yes (iOS & Android)
Auto Trading
Yes	Yes
Copy Trading
Yes	Yes
Copy Trading Platform
Interact with and copy the trades of experienced investors with Global Prime's exclusive copy trading service.	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 (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
	0
Islamic Account
No	Yes
Account Currencies
USD EUR GBP CAD AUD SGD	USD EUR
Stock Exchanges
Australian Securities Exchange DAX GER 40 Index Dow Jones FTSE UK Index Nasdaq S&P 500	Dow Jones FTSE UK Index Nasdaq
Commodities
Copper Gold Oil	Gasoline Gold Natural Gas Oil Silver
CFD Trading
Global Prime scores highly for its competitive ECN spreads across a range of CFD markets.	Trade CFDs on the financial markets with floating spreads and flexible leverage.
Leverage
1:200	1:500 (Global), 1:30 (EU)
FTSE Spread
0.84	1.8
GBPUSD Spread
0.64	1.1
Oil Spread
1.6	0.7
Stocks Spread
Variable	Variable
Forex Trading
Global Prime offers online trading on a long list of major, minor and exotics currencies.	OctaFX offers leveraged trading on currencies with floating spreads from 0.6 pips.
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
0.75	1.1
EURUSD Spread
0.16	0.7
EURGBP Spread
0.85	2.1
Assets
48	35
Cryptocurrency
Global Prime offers more than 35 digital coins with impressively low commissions from 0.1%.	Trade 30+ popular digital currencies paired with the USD.
Spread
Floating	Variable
Coins
BTC BCH LTC ETH 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

Review	Review
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