OctaFX vs eToro

OctaFX vs eToro Comparison Table 2023
OctaFX eToro
WINNER
eToro is the better broker
4.1
4.1
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

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.

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets. Crypto Trading is offered via eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. CFDs are not available in the US Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply. 79% of retail accounts lose money.

79% of retail investor accounts lose money when trading with this provider. You should consider whether you can afford to take the high risk of losing your money.
Pros
  • 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
  • 25M+ user community
  • $10 minimum deposit
  • Cryptocurrency trading
  • Top-rated copy trading app
Cons
  • Few payment methods
  • No global stocks trading
  • Zero pip spreads unavailable
  • The global entity is regulated offshore
  • Small selection of tradeable instrument
  • No welcome bonuses
  • No MetaTrader 4 or MetaTrader platforms
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
  • Best of Show Award 2012 - Finovate Europe
  • Most Innovative Trading Platform 2010 - World Finance Awards
  • Best Trading Software 2011 - World Finance Awards
Bonus
Up to 50% deposit bonus
Instruments
Forex, CFDs, indices, commodities, cryptocurrencies Crypto
Demo Account
Yes Yes
Minimum Deposit
$100 $10
Payment Methods
Minimum Trade
0.01 lots $10
Regulator
SVGFSA, CySEC FCA, CySEC, ASIC, FSA
Margin Trading
Yes Yes
MetaTrader 4
Yes No
MetaTrader 5
Yes No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
Yes No
eSignal
No No
Trading Central
No Yes
STP Account
No Yes
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
No Yes
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
Yes (iOS & Android) iOS, Android & Windows
Auto Trading
Yes Automate your trades via Copy Trading - follow profitable traders. Open and close trades automatically when they do.
Copy Trading
Yes Yes
Copy Trading Platform
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. One of the best proprietary platforms currently on the market is the award-winning eToro CopyTrader (at no additional cost for eToro clients). The web-based platform includes a user-friendly and interactive layout and also comes with social features, including a community chat. Copy trading on crypto trades only.
Social Trading
Yes Yes
Trade Signals
Yes (EAs) Yes
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
Yes No
Ethical Investing
No Yes
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
0 $10
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • USD
Stock Exchanges
Commodities
CFD Trading
Trade CFDs on the financial markets with floating spreads and flexible leverage. eToro offers leveraged CFD trading in certain jurisdictions. Speculate on thousands of financial assets.
Leverage
1:500 (Global), 1:30 (EU)
FTSE Spread
1.8 1.5 pt
GBPUSD Spread<
1.1 2 pips
Oil Spread
0.7 5 pts
Stocks Spread
Variable 0.24% Var
Forex Trading
OctaFX offers leveraged trading on currencies with floating spreads from 0.6 pips. eToro offers a selection of major, minor and exotic currency pairs. Clients can speculate on FX from the eToro trading app.
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.

eToro bring their social trading platform to your mobile, enabling you to copy trades, manage your account and invest via Android or iOS. Trade the key forex pairs from the palm of your hand.

GBPUSD Spread
1.1 2 pips
EURUSD Spread
0.7 1.5 pips
EURGBP Spread
2.1 1.5 pips
Assets
35 49
Cryptocurrency
Trade 30+ popular digital currencies paired with the USD. eToro leads the way in cryptocurrency trading. The lowest spreads (from 0.75% for BTC), their own wallet service and the largest number of cryptos to trade in the market. Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply..
Spread
Variable BTC <1%, ETH 2%
Coins
  • BTC
  • LTC
  • ETH
  • ZEC
  • SOL
  • ADA
  • DOT
  • ATOM
  • LINK
  • AVAX
  • BTB
  • MANA
  • MATIC
  • NEAR
  • IOTA
  • DOGE
  • DASH
  • ALGO
  • AAVE
  • BTC
  • ETH
  • BCH
  • XRP
  • DASH
  • LTC
  • ETC
  • ADA
  • MIOTA
  • XLM
  • EOS
  • NEO
  • ZEC
  • BNB
  • VET
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No Yes
Auto Market Maker
No No
79% of retail investor accounts lose money when trading with this provider. You should consider whether you can afford to take the high risk of losing your money.
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