OctaFX vs MTrading

OctaFX vs MTrading Comparison Table 2024
OctaFX MTrading
4.1
2.8

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.

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.

Customer Reviews
4.5
Bonus Offer
Up to 50% deposit bonus 200% deposit bonus with MPremium
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." "MTrading is best for beginners to intermediate traders looking for access to popular financial markets and copy trading tools."
Pros
  • Demo account with access to unlimited virtual funds
  • Bonuses and contests available (non-EU)
  • Negative balance protection (Within EU)
  • Comprehensive educational content
  • High Leverage 1:500 (non-EU)
  • Excellent copy trading service
  • No deposit and withdrawal fees
  • Offers Islamic accounts
  • Low minimum deposit
  • Highly rated broker
  • MT4 and MT5 integration
  • Commission-free trading
  • Mobile app compatibility
  • 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
  • No stock trading
  • Few payment methods
  • Zero pip spreads unavailable
  • The global entity is regulated offshore
  • 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
Trading Platforms
  • MT4
  • MT5
  • AutoChartist
  • MT4
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
SVGFSA, CySEC
Margin Trading
Yes 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
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 Yes (APIs)
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. 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
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. MTrading provides CFDs on 10 indices and 65+ stocks with a transparent pricing structure. The broker also very high leverage up to 1:1000, magnifying both returns and losses.
Leverage
1:30 (EU), 1:500 (Global) 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 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. 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, 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
  • 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
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