OctaFX vs SpeedTrader

OctaFX vs SpeedTrader Comparison Table 2023
OctaFX Review 2023	SpeedTrader Review 2023
Review 4.1	Review 3 SpeedTrader is #36 in our broker rankings.
Traders from US not accepted See available CFD brokers	Traders from US accepted
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.	SpeedTrader is an online stock broker based in New York. Founded in 1999, the brokerage provides direct access trading software to experienced stock traders, with over 25 routing options. The broker is authorized by FINRA and SIPC, providing robust client protection.
Bonus Offer
Up to 50% deposit bonus
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."	"SpeedTrader will suit experienced and active day traders looking for very low fees and advanced platforms, in exchange for a $30,000 minimum deposit."
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	Access a range of US stocks, options, bonds and mutual funds, plus extended hours trading available from 4am to 8pm EST Two powerful platforms with level 1 price data, live news streams, advanced charting and more Heavily regulated in the US by FINRA, plus SIPC compensation coverage up to $500,000 Competitive fees at $0.0009 per share and $0.25 per options contract Reliable 24/7 customer support via live chat, telephone and email Multiple routing options Short selling aids
Cons
No stock trading Few payment methods Zero pip spreads unavailable The global entity is regulated offshore	Only US stocks available, with no forex, commodities or cryptos Not suitable for beginners with a $30,000 minimum deposit Mobile trading is limited to iPhone and iPad users Demo account valid for 14 days only $30 inactivity fee every quarter $35 withdrawal fee No APIs
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
Instruments
Forex, CFDs, indices, commodities, cryptocurrencies	Stocks, options, bonds, mutual funds
Demo Account
Yes	Yes
Minimum Deposit
$100	$30,000
Trading Platforms
MT4 MT5 AutoChartist	Own
Payment Methods
Credit Card Debit Card FasaPay Mastercard Neteller Skrill Visa Wire Transfer	Cheque Wire Transfer
Minimum Trade
0.01 Lots	1 Share
Regulator
SVGFSA, CySEC	FINRA, SIPC
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
Auto Trading
Yes	No
Copy Trading
Yes	No
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.
Social Trading
Yes	No
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	Nasdaq New York Stock Exchange S&P 500
Commodities
Gasoline Gold Natural Gas Oil Silver
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.	CFD trading not offered
Leverage
1:30 (EU), 1:500 (Global)
FTSE Spread
1.8
GBPUSD Spread
1.1
Oil Spread
0.7
Stocks Spread
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.	Forex trading not offered
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
EURUSD Spread
0.7
EURGBP Spread
2.1
Assets
35
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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