OctaFX vs IIFL

OctaFX vs IIFL Comparison Table 2022
OctaFX IIFL
WINNER
IIFL is the better broker
4.1
United States Flag Traders from US not accepted
Not Yet Rated
United States Flag Traders from US 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. IIFL is one of the top Indian brokers offering competitive Demat accounts with low fees.
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
Bonus
Up to 50% deposit bonus Gift vouchers worth up to ₹5000
Instruments
Forex, CFDs, indices, commodities, cryptocurrencies Stocks, Futures, Options, Forex
Demo Account
Yes No
Minimum Deposit
$100 1000 Rs
Payment Methods
Minimum Trade
0.01 lots
Regulator
SVGFSA, CySEC SEBI
Margin Trading
Yes Yes
MetaTrader 4
Yes No
MetaTrader 5
Yes No
cTrader
No No
AlgoTrader
No
OmniTrader
No No
TradingView
No
Autochartist
Yes
eSignal
No
Trading Central
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 Yes
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) IIFL Markets & IIFL Mutual Funds
Auto Trading
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 No
Trade Signals
Yes (EAs)
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
Yes No
Ethical Investing
No No
Custodial Account
No
Guaranteed Stop Loss
No
Inactivity Fee
0
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • INR
Stock Exchanges
Commodities
CFD Trading
Trade CFDs on the financial markets with floating spreads and flexible leverage. CFD trading not offered
Leverage
1:500 (Global), 1:30 (EU)
FTSE Spread
1.8
GBPUSD Spread<
1.1
Oil Spread
0.7
Stocks Spread
Variable
Forex Trading
OctaFX offers leveraged trading on currencies with floating spreads from 0.6 pips. IIFL offers forex trading on a range of pairs with the Indian Rupee (INR).
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 Not offered
EURUSD Spread
0.7 Not offered
EURGBP Spread
2.1 Not offered
Assets
35 20+
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
Auto Market Maker
No No
More Comparisons
OctaFX vs IIFL vs