NordFX vs OctaFX

NordFX vs OctaFX Comparison Table 2023
NordFX Review 2023 OctaFX Review 2023
3.5
4.1
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

NordFX is an offshore CFD broker offering forex, stock, commodities, indices and crypto trading with leverage up to 1:1000. Traders access markets through the MetaTrader 4 platform and benefit from low commissions, spreads from zero and decent extra features. Minimum deposits start from just $10, which will appeal to newer 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
Pro accounts can participate in the 100,000 USD Super Lottery Up to 50% deposit bonus
Promotions

NordFX Is Giving Away $100K In Super Lottery

Comment by Reviewer
"NordFX's biggest advantages are available to upper-tier account holders, so this is a good option for experienced, higher volume traders looking for ECN, zero-spread trading." "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
  • Respected broker with a long track record
  • Excellent trading terms on the 'Zero' ECN account with a low $500 barrier for entry
  • Straightforward copy-trading service is useful for beginner and improving traders
  • Extra features including in-depth market analysis and educational resources
  • Promotions including client referral bonus and lottery giveaway
  • 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
  • Relatively lightweight instrument list with only around 100 markets
  • Spreads starting from 2 pips on the standard account type are wider than many competitors
  • Not regulated by any reputable organization
  • No stock trading
  • Few payment methods
  • Zero pip spreads unavailable
  • The global entity is regulated offshore
Awards
  • Best Social Trading Network 2021 - Forex Awards
  • Best Affiliate Program 2021 - Forex Awards
  • Best Customer Support 2021 - Forex Traders Association
  • The Most Transparent Broker 2021 - World Forex Award
  • 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, CFDs, indices, commodities, cryptos, stocks Forex, CFDs, indices, commodities, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$10 $100
Trading Platforms
  • MT4
  • MT4
  • MT5
  • AutoChartist
Payment Methods
Minimum Trade
$1 0.01 Lots
Regulator
VFSC SVGFSA, CySEC
Margin Trading
Yes Yes
STP Account
No No
ECN Account
Yes Yes
DMA Account
No No
MAM Account
No 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
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android Yes (iOS & Android)
Auto Trading
Expert Advisors (EAs) on MetaTrader Yes
Copy Trading
Yes Yes
Copy Trading Platform
Copy the trades of experienced investors using real-time signals. You only pay a fee on winning trades, starting from 10%. New copy traders can get started with a competitive $100 payment. 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
Yes Yes
Trade Signals
Yes (via MetaQuotes Software Corp - MT4) Yes (EAs)
VPS Hosting
Yes Yes
Tournaments
No No
Demo Competitions
Yes Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No Yes
Account Currencies
  • USD
  • USD
  • EUR
Stock Exchanges
Commodities
CFD Trading
CFDs are available on forex, stocks, indices and crypto assets, with support for MT4 and a VPS service allowing for 24/7 automated trading. NordFX offers very high leverage up to 1:1000 for the least volatile forex pairs, providing opportunities for experienced 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
1:1000 1:30 (EU), 1:500 (Global)
FTSE Spread
- 1.8
GBPUSD Spread
From 0.1 1.1
Oil Spread
From 0.0 0.7
Stocks Spread
From 0.0 Variable
Forex Trading
Trade up to 33 major and minor forex pairs. This is a small range of currency pairs compared to competitors, with no exotics, but traders do benefit from tight spreads, low or no commissions and low latency. 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 0.4 1.1
EURUSD Spread
From 0.0 0.7
EURGBP Spread
From 0.2 2.1
Assets
33 35
Cryptocurrency
Trade 13 leveraged cryptocurrency CFDs paired with USD, including BTC, DOGE, LINK and ETH. The range of crypto tokens is competitive for a CFD broker, and the broker offers crypto CFDs with up to 1:1000 leverage, which is far higher than most competitors and represents significant profit potential (and risk). 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
From 1.0 Variable
Coins
  • BTC
  • ETH
  • DSH
  • BAB
  • BSV
  • XRP
  • ZEC
  • EOS
  • ETC
  • LTC
  • OMG
  • 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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