OctaFX vs IronFX
| OctaFX | IronFX |
|---|---|
4.1
|
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. |
IronFX is a multi-regulated forex and CFD broker founded in 2010. This award-winning firm offers 500+ markets to over 1.5 million clients across 180 countries. Traders can access various account types with competitive pricing on the MT4 platform, as well as 24/5 customer support in 30 languages. |
| Customer Reviews | |
|
4.3
Based on 11 IronFX customer reviews
|
|
| Bonus Offer | |
| Up to 50% deposit bonus | Traders can choose between: 100% unlimited Sharing Bonus – minimum $200 deposit. 40% Power Bonus up to $4,000 – minimum $500 deposit. 20% Iron Bonus up to $2,000 – minimum $100 deposit. |
| 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." | "IronFX remains a good choice for experienced forex traders looking to trade with fixed or floating spreads. The range of 80+ currencies is more than many competitors and there are some excellent forex market research tools on offer." |
| Pros | |
|
|
| Cons | |
|
|
| Awards | |
|
|
| Instruments | |
| Forex, CFDs, indices, commodities, cryptocurrencies | Forex, Indices, Shares, Futures, Commodities, Metals (all CFDs) |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $100 | $100 |
| Trading Platforms | |
|
|
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| SVGFSA, CySEC | CySEC, FCA, FSCA, BMA / Bermuda |
| Margin Trading | |
| Yes | Yes |
| STP Account | |
| No | Yes |
| ECN Account | |
| Yes | Yes |
| DMA Account | |
| No | No |
| 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 | Yes |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | Yes |
| Mobile Apps | |
| Yes (iOS & Android) | Android, iOS, WebTrader |
| 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 |
|
| iOS App Rating | |
4.5 |
|
| 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. | The TradeCopier service allows aspiring investors to copy the strategies of top traders in real-time. The tool is a great way for beginners to learn from more experienced investors, whilst strategy providers can earn performance fees. |
| Social Trading | |
| Yes | Yes |
| Trade Signals | |
| Yes (EAs) | Yes |
| VPS Hosting | |
| Yes | Yes |
| Tournaments | |
| No | Yes |
| Demo Competitions | |
| Yes | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $0 | 3% |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
|
|
| 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. | IronFX’s asset list of 300+ instruments covers forex, stocks, commodities and index CFDs. Maximum leverage from 1:30 to 1:1000 is available depending on account location. Day traders can access superb technical analysis features, including 30 pre-integrated indicators and 9 charting time frames. |
| Leverage | |
| 1:30 (EU), 1:500 (Global) | 1:30 (FCA), 1:30 (CySEC), 1:500 (FSCA), 1:1000 (BM) |
| FTSE Spread | |
| 1.8 | 140 |
| GBPUSD Spread | |
| 1.1 | 0.8 |
| Oil Spread | |
| 0.7 | 3 |
| Stocks Spread | |
| Variable | Variable |
| 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. | IronFX continues to offer a strong selection of 80 currency pairs. You can trade through the market-leading MT4 platform with a range of forex market research tools. That said, commission charges in the zero-spread accounts are high, starting from $13.50 per lot. |
| 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 | 0.8 |
| EURUSD Spread | |
| 0.7 | 0.7 |
| EURGBP Spread | |
| 2.1 | 0.9 |
| Assets | |
| 35 | 80+ |
| 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. | Crypto trading not offered |
| Spread | |
| Variable | |
| Coins | |
|
|
| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
|
|
|
| More Comparisons | |
|
OctaFX vs |
IronFX vs |