OctaFX vs AAATrade
| OctaFX | AAATrade |
|---|---|
4.1
|
3.5
|
|
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. |
AAATrade is a forex and CFD broker established in 2013 and regulated by CySEC. The STP broker offers tens of thousands of Stocks, ETFs, CFDs, securities and cryptocurrency products on the proprietary and MetaTrader platforms. Traders can benefit from standard retail accounts as well as portfolio management and advisory services. |
| Bonus Offer | |
| Up to 50% deposit bonus | None |
| 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." | "I've had some time to test out the platforms and I think AAATrade will best suit anyone looking to build investment portfolios alongside diversified CFD trading opportunities. It's also an excellent choice for anyone looking for a wide range of crypto CFDs." |
| Pros | |
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| Cons | |
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| Awards | |
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| Instruments | |
| Forex, CFDs, indices, commodities, cryptocurrencies | CFDs, Forex, Stocks, Cryptos |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $100 | $0 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | $0 |
| Regulator | |
| SVGFSA, CySEC | CySEC |
| Margin Trading | |
| Yes | Yes |
| Margin Rate | |
| 1:200 | |
| STP Account | |
| No | Yes |
| ECN Account | |
| Yes | Yes |
| DMA Account | |
| No | Yes |
| MAM Account | |
| No | Yes |
| PAMM Account | |
| No | Yes |
| LAMM Account | |
| No | Yes |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| Yes | Yes |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | Yes |
| Mobile Apps | |
| Yes (iOS & Android) | Yes (iOS & Android) |
| App Review | |
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. |
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| Android App Rating | |
4.3 |
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| iOS App Rating | |
4.5 |
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| Auto Trading | |
| Yes | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | |
| Yes | No |
| 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 | |
| Yes | No |
| Trade Signals | |
| Yes (EAs) | Yes |
| VPS Hosting | |
| Yes | No |
| Tournaments | |
| No | No |
| Demo Competitions | |
| Yes | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $0 | |
| Islamic Account | |
| Yes | No |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| 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. | During my tests, I found thousands of leveraged CFD products across forex, indices, commodities, stocks and cryptocurrencies. Commissions are competitive and I particularly enjoyed using all the free CFD trading resources available in the demo account. |
| Leverage | |
| 1:30 (EU), 1:500 (Global) | 1:200 |
| FTSE Spread | |
| 1.8 | 0.5 |
| GBPUSD Spread | |
| 1.1 | 0.00002 |
| Oil Spread | |
| 0.7 | 0.10 |
| Stocks Spread | |
| Variable | Floating |
| Forex Trading | |
| 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. | AAATrade offers 80+ forex pairs, including majors and minors, which is a competitive range and more than most brokers I have reviewed. I was also able to take advantage of the broker's daily technical insights with chart analysis, as well as the live economic calendar. |
| 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. |
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| GBPUSD Spread | |
| 1.1 | 0.00002 |
| EURUSD Spread | |
| 0.7 | 0.00002 |
| EURGBP Spread | |
| 2.1 | 0.00002 |
| Assets | |
| 35 | 10000+ |
| Cryptocurrency | |
| 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. | I was impressed with AAATrade's range of 50 cryptocurrencies, including Bitcoin and Ethereum, which is more than most brokers I review. I was particularly glad to see a good mix of crypto-crypto pairs, as well as some crypto-fiat pairs against USD and EUR. |
| Spread | |
| Variable | Floating |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | Yes |
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| More Comparisons | |
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OctaFX vs |
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