OctaFX vs Trade.com
| OctaFX Review 2023 | Trade.com Review 2023 |
|---|---|
4.1
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3.7
|
 Traders from US not accepted
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Traders from US not accepted
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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. |
Trade.com is a trustworthy online broker with a global presence. The broker offers 2,100+ CFDs in major markets, as well as futures, options and more. The broker offers best-in-class platforms and superior analysis tools for experienced traders. The broker is also regulated by top-tier authorities including the FCA and CySEC. |
| 78.60% of retail CFD accounts lose money. | |
| 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." | "Trade.com is a top pick for experienced investors looking for diverse markets, including IPOs and bonds with competitive DMA pricing." |
| Pros | |
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| Cons | |
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| Awards | |
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| Instruments | |
| Forex, CFDs, indices, commodities, cryptocurrencies | Forex, CFDs, Indices, Shares, Commodities, ETFs, Bonds, Cryptos, Warrants, IPOs, Futures, Mutual Funds, Fixed Income, Options |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $100 | $100 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| SVGFSA, CySEC | FCA, CySEC, FSC, FSCA, FINRA |
| Margin Trading | |
| Yes | Yes |
| STP Account | |
| No | No |
| ECN Account | |
| Yes | No |
| DMA Account | |
| No | Yes |
| MAM Account | |
| No | Yes |
| 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 | Yes |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | Yes |
| Mobile Apps | |
| Yes (iOS & Android) | iOS & Android |
| Auto Trading | |
| Yes | Expert Advisors (EAs) on MetaTrader |
| 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 (MT4 & MT5) |
| VPS Hosting | |
| Yes | Yes |
| Tournaments | |
| No | No |
| Demo Competitions | |
| Yes | No |
| Ethical Investing | |
| No | Yes |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $0 | $25 |
| Islamic Account | |
| Yes | No |
| Account Currencies | |
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| 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. | Access over 2,000 CFDs across diverse markets including indices, commodities and bonds. There is also premium daily analysis and strategy resources for savvy traders. |
| Leverage | |
| 1:30 (EU), 1:500 (Global) | 1:30 (EU), 1:300 (Global) |
| FTSE Spread | |
| 1.8 | 1.4 |
| GBPUSD Spread | |
| 1.1 | 0.8 |
| Oil Spread | |
| 0.7 | 2.0 |
| 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. | As well as a competitive selection of 55+ forex pairs, traders can access high leverage up to 1:300. You can also enjoy advanced analysis from Trading Central with easy integration into MetaTrader 4. |
| 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. |
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| GBPUSD Spread | |
| 1.1 | 0.8 |
| EURUSD Spread | |
| 0.7 | 0.8 |
| EURGBP Spread | |
| 2.1 | 1.6 |
| Assets | |
| 35 | 55+ |
| 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. | Over 10 of the most popular cryptos are available with leverage of 1:2. With just a $100 minimum deposit, traders can benefit from advanced crypto analysis tools. |
| Spread | |
| Variable | Raw spread + 0.5% commission |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
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| 78.60% of retail CFD accounts lose money. | |
| More Comparisons | |
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OctaFX vs |
Trade.com vs |