Global Prime vs OctaFX

Global Prime vs OctaFX Comparison Table 2023
Global Prime OctaFX
3.8
4.1
United States Flag Traders from US not accepted
United States Flag 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
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
Commodities
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
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