OctaFX vs XM
OctaFX | XM |
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4.1
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4.4
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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. |
XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted CySEC-regulated broker has been well-known for its low spreads and competitive fees on 1000+ instruments. XM offers both the MT4 and MT5 platforms. |
Bonus Offer | |
Up to 50% deposit bonus | Free VPN Services |
Promotions | |
Improve The Speed & Reliability Of Your Trades With The XM VPS |
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Comment by Reviewer | |
"XM will suit traders looking for a trustworthy broker with low fees, access to the reliable MetaTrader platforms, plus excellent market research and education." | |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
Forex, CFDs, indices, commodities, cryptocurrencies | Forex CFDs, Commodity CFDs, Equity Indices CFDs, Precious Metals CFDs, Energy CFDs, Stocks |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$100 | $5 |
Payment Methods | |
Multiple local payment methods available | |
Minimum Trade | |
0.01 lots | 0.01 Lots |
Regulator | |
SVGFSA, CySEC | IFSC, DFSA, CySEC, ASIC, FCA, BaFin, CNMV, MNB, CONSOB, ACPR, FIN-FSA, KNF, AFM, FI |
Margin Trading | |
Yes | Yes |
MetaTrader 4 | |
Yes | Yes |
MetaTrader 5 | |
Yes | Yes |
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 | Yes |
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 | Yes |
Market Maker | |
No | Yes |
P2P Trading | |
No | No |
Spot Trading | |
Yes | Yes |
Mobile Apps | |
Yes (iOS & Android) | iOS, Android & Windows |
Auto Trading | |
Yes | Yes (EAs) |
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. | XM offers over copy trading on MT4 and MT5. Integrated signals can be used to inform trades, including buy and sell decisions and entry and exit points. |
Social Trading | |
Yes | No |
Trade Signals | |
Yes (EAs) | Yes |
VPS Hosting | |
Yes | Yes |
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 | Yes |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
Trade CFDs on the financial markets with floating spreads and flexible leverage. | Speculate on rising and falling prices with leveraged CFDs spanning popular financial markets. Users get low spreads and high-quality market insights to support CFD trading. |
Leverage | |
1:500 (Global), 1:30 (EU) | 1:500 |
FTSE Spread | |
1.8 | 1.5 pts (var) |
GBPUSD Spread | |
1.1 | 2.1 (var) |
Oil Spread | |
0.7 | 0.05 (var) |
Stocks Spread | |
Variable | 0.1% (var) |
Forex Trading | |
OctaFX offers leveraged trading on currencies with floating spreads from 0.6 pips. | XM offers ultra low spreads across a range of forex markets with no re-quotes or hidden charges. Forex can be traded 24/5 on desktop, web and mobile. Over 50 currency pairs are available including all majors. |
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. |
XM offer a mobile app for both Android and iOS that has been specifically tailored to each platform, maximizing the functionality of both. The app delivers the MetaTrader 4 and MetaTrader 5 platforms in your hand, with full forex trading and charting capabilities. Try it out today. |
GBPUSD Spread | |
1.1 | 2.1 pips (var) |
EURUSD Spread | |
0.7 | 1.6 pips (var) |
EURGBP Spread | |
2.1 | 2 pips (var) |
Assets | |
35 | 55+ |
Currency Indices | |
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Cryptocurrency | |
Trade 30+ popular digital currencies paired with the USD. | Crypto trading not offered |
Spread | |
Variable | |
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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More Comparisons | |
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