OctaFX vs MTrading

OctaFX vs MTrading Comparison Table 2023
OctaFX	MTrading
Review 4.1	Review 2.8
Traders from US not accepted	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.	MTrading is an offshore broker that offers a simple trading experience through the MetaTrader 4 platform. There are over 100 tradeable assets with floating spreads starting at around 1.2 pips and leverage up to 1:1000. The brokerage has over a decade of experience in the online trading industry with hundreds of thousands of registered traders globally.
Bonus Offer
Up to 50% deposit bonus	200% deposit bonus with MPremium
Promotions
Get A 50% Bonus On Each Deposit At OctaFX
Comment by Reviewer
	"MTrading is best for beginners to intermediate traders looking for access to popular financial markets and copy trading tools."
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	Straightforward trading experience with an easy-to-use terminal Supports the popular MT4 platform as well as the multi-platform and supreme editions High leverage available of up to 1:1000, allowing confident traders to boost their positions Copy trading available with detailed ranking system 200% deposit bonus and cashback scheme Free demo account for prospective users
Cons
Few payment methods No global stocks trading Zero pip spreads unavailable The global entity is regulated offshore Small selection of tradeable instrument	Not regulated by a reputable financial body Relatively wide spreads, starting at more than 1 pip on popular assets Deposit and withdrawal fees on some payment methods will cut into profits Limited market access with only around 100 instruments - few stocks and no crypto
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	Change Africa Summit Award 2019 FiNEXPO Best Broker 2019 & 2018 Best Forex Rebate Provider 2016
Instruments
Forex, CFDs, indices, commodities, cryptocurrencies	Forex, CFDs, indices, commodities
Demo Account
Yes	Yes
Minimum Deposit
$100	$100
Payment Methods
Credit Card Debit Card FasaPay Mastercard Neteller Skrill Visa Wire Transfer	Credit Card Mastercard Neteller Perfect Money Skrill Visa Wire Transfer
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 (APIs)
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.	Investors can subscribe to signals from other traders using an intelligent rating system and full account management. Learn while following and copying the positions of more experienced traders.
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	No
Account Currencies
USD EUR
Stock Exchanges
Dow Jones FTSE UK Index Nasdaq
Commodities
Gasoline Gold Natural Gas Oil Silver	Gold Silver
CFD Trading
Trade CFDs on the financial markets with floating spreads and flexible leverage.	MTrading provides CFDs on 10 indices and 65+ stocks, with a transparent pricing structure and up to 1:1000 leverage.
Leverage
1:500 (Global), 1:30 (EU)	1:25
FTSE Spread
1.8	0.8
GBPUSD Spread
1.1	1.7
Oil Spread
0.7	9.0
Stocks Spread
Variable	Variable
Forex Trading
OctaFX offers leveraged trading on currencies with floating spreads from 0.6 pips.	MTrading offers a good range of 65+ forex pairs with zero commission on its M.Premium account and 25 pairs with $4-per-lot commission on the M.Pro account. However floating spreads are wide and start from 1.2 pips.
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	1.7
EURUSD Spread
0.7	1.2
EURGBP Spread
2.1	1.7
Assets
35	60+
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

Review	Review
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