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OctaFX vs Alpari

OctaFX vs Alpari Comparison Table 2024
OctaFX Alpari
Review
4.1
Review
3.8

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.

Alpari is an offshore multi-asset broker that offers traders a wide range of forex trading opportunities as well as stock, index and commodity CFDs. The broker also offers fixed costs with payouts known upfront. Trading takes place on the reliable MT4 and MT5 platforms, plus the brand's mobile app. Alpari offers tight ECN spreads which will serve active day traders.

Bonus Offer
Up to 50% deposit bonus 30% up to $100 (terms apply)
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." "Alpari will suit short-term binary options traders with a low $5 deposit, powerful charting terminals, and a rebate scheme. Forex traders also get very high leverage with tight spreads while the broker's PAMM service will appeal to hands-off investors."
Pros
  • 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
  • Low or no commissions are available and there are tight spreads on ECN accounts
  • There's an excellent choice of funding options with no fees
  • Cashback schemes are available for high-volume traders
  • Alpari supports both the MT4 and MT5 platforms with support for Expert Advisors (EAs)
  • Copy trading and PAMM services are also available for day traders
  • The broker offers high leverage up to 1:1000 for experienced clients
Cons
  • No stock trading
  • Few payment methods
  • Zero pip spreads unavailable
  • The global entity is regulated offshore
  • The lack of educational resources is disappointing compared to alternatives
  • There are fairly high charges for strategy manager copy trading tools
  • The market analysis and research tools are limited
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, CFDs, indices, commodities, cryptocurrencies Forex, CFDs, Stocks, Commodities, Indices, Crypto
Demo Account
Yes Yes
Minimum Deposit
$100 $5
Trading Platforms
  • MT4
  • MT5
  • AutoChartist
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
SVGFSA, CySEC FSC, SEBI, JFSA
Margin Trading
Yes No
STP Account
No No
ECN Account
Yes No
DMA Account
No No
MAM Account
No No
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
Yes (iOS & Android) 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.
Android App Rating
4.3
3.6
iOS App Rating
4.5
3.6
Auto Trading
Yes Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes Yes
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. Users can follow experienced strategy managers at Alpari, including seasoned forex traders. The broker offers account ratings to help you find a suitable provider as well as notifications on returns and one-click deposits and withdrawals.
Social Trading
Yes No
Trade Signals
Yes (EAs)
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
Yes Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0 $5
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • USD
  • EUR
  • GBP
  • CZK
  • NGN
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. Alpari offers CFDs on 60+ forex pairs, hundreds of global stocks, 11 stocks indices and spot metals and energies. Trading takes place via the MT4 or MT5 platforms, and the broker provides strategy and copy trading support as well as educational resources and 24/5 multilingual customer service.
Leverage
1:30 (EU), 1:500 (Global) 1:1000
FTSE Spread
1.8 13
GBPUSD Spread
1.1 0.7
Oil Spread
0.7 4.0
Stocks Spread
Variable 2.0
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. Alpari traders can access 60+ currency pairs and crosses via CFDs on the MT4 and MT5 platforms. The broker offers very competitive pricing, especially on the ECN Pro account which is commission free. Significant leverage up to 1:1000 is available.
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
1.1 0.7
EURUSD Spread
0.7 0.4
EURGBP Spread
2.1 0.6
Assets
35 50+
Currency Indices
  • USD
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. Alpari offers a solid selection of popular crypto tokens paired with the USD. Spreads are competitive, starting at 1 and users can analyze the digital asset markets with the leading MetaTrader platforms, including on the weekends.
Spread
Variable 1
Coins
  • BTC
  • LTC
  • ETH
  • ZEC
  • SOL
  • ADA
  • DOT
  • ATOM
  • LINK
  • AVAX
  • BTB
  • MANA
  • MATIC
  • NEAR
  • IOTA
  • DOGE
  • DASH
  • ALGO
  • AAVE
  • AVE
  • BTC
  • BCH
  • ADA
  • LINK
  • DAI
  • DOGE
  • EOS
  • ETH
  • ECH
  • FIL
  • LTC
  • XMR
  • DOT
  • XRP
  • MATIC
  • SOL
  • XLM
  • USDT
  • TRON
  • UNI
  • USDC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Review
Review
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