OctaFX vs GCI

OctaFX vs GCI Comparison Table 2023
OctaFX GCI
WINNER
OctaFX is the better broker
4.1
United States Flag Traders from US not accepted
Not Yet Rated
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. GCI offers online trading in 300+ tradable assets with up to 1:400 leverage.
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
Cons
  • 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
  • Best Forex Broker Europe 2015 - ForexExpo
  • Best Forex Customer Service 2015 - IFM
  • Best Forex Broker Europe 2014 - ForexExpo
  • Most Innovative Forex Broker Europe 2013 - International Finance
  • Best Forex Broker Europe 2012 - Global Banking & Finance Review
Bonus
Up to 50% deposit bonus 4% interest on account balance
Instruments
Forex, CFDs, indices, commodities, cryptocurrencies Forex, CFDs, indices, shares, commodities
Demo Account
Yes Yes
Minimum Deposit
$100 $500
Payment Methods
Minimum Trade
0.01 lots 0.01 lots
Regulator
SVGFSA, CySEC
Margin Trading
Yes No
MetaTrader 4
Yes Yes
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 No
STP Account
No No
ECN Account
Yes No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
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 No
Mobile Apps
Yes (iOS & Android) Yes
Auto Trading
Yes Yes
Copy Trading
Yes No
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.
Social Trading
Yes Yes
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 Yes
Account Currencies
  • USD
  • EUR
Stock Exchanges
Commodities
CFD Trading
Trade CFDs on the financial markets with floating spreads and flexible leverage. Trade in multiple online financial markets.
Leverage
1:500 (Global), 1:30 (EU) 1:400
FTSE Spread
1.8 3
GBPUSD Spread<
1.1 2
Oil Spread
0.7 4
Stocks Spread
Variable Variable
Forex Trading
OctaFX offers leveraged trading on currencies with floating spreads from 0.6 pips. Trade dozens of leading online forex pairs.
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 2
EURUSD Spread
0.7 1
EURGBP Spread
2.1 2
Assets
35 40+
Cryptocurrency
Trade 30+ popular digital currencies paired with the USD. Crypto trading not offered
Spread
Variable
Coins
  • 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
More Comparisons
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