Saxo Bank vs OctaFX
Saxo Bank | OctaFX |
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4
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Saxo is a multi-award-winning trading brokerage, investment firm and regulated bank. With a huge 72,000+ trading instruments, plus investment products and managed portfolios, clients have no shortage of opportunities. The trusted brand also offers transparent pricing and top-tier regulatory protection from 10+ agencies including FINMA, FCA & ASIC. |
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. |
66% of retail accounts lose money. | |
Bonus Offer | |
Up to 50% deposit bonus | |
Promotions | |
Comment by Reviewer | |
"Saxo is best for active traders and advanced investors with an unrivalled selection of instruments alongside premium market research and fee rebates. The 190 currency pairs with tight spreads also make Saxo great for forex traders." | |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs | Forex, CFDs, indices, commodities, cryptocurrencies |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$100 | |
Payment Methods | |
Minimum Trade | |
Vary by asset | 0.01 lots |
Regulator | |
DFSA, MAS, FCA, SFC | SVGFSA, CySEC |
Margin Trading | |
No | Yes |
MetaTrader 4 | |
No | Yes |
MetaTrader 5 | |
No | Yes |
cTrader | |
No | No |
AlgoTrader | |
No | No |
OmniTrader | |
No | No |
TradingView | |
Yes | No |
Autochartist | |
No | Yes |
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 | |
No | Yes |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
Yes | Yes |
Mobile Apps | |
SaxoTraderGo (iOS, Android, Windows) | Yes (iOS & Android) |
Auto Trading | |
Yes | |
Copy Trading | |
No | 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. | |
Social Trading | |
No | Yes |
Trade Signals | |
Yes | Yes (EAs) |
VPS Hosting | |
No | Yes |
Tournaments | |
No | No |
Demo Competitions | |
No | Yes |
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 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals. | Trade CFDs on the financial markets with floating spreads and flexible leverage. |
Leverage | |
1:30 | 1:500 (Global), 1:30 (EU) |
FTSE Spread | |
1.2 pts (Variable) | 1.8 |
GBPUSD Spread | |
0.7 (var) | 1.1 |
Oil Spread | |
0.03 | 0.7 |
Stocks Spread | |
0.10% (subject to min commission) | Variable |
Forex Trading | |
Get tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips. | OctaFX offers leveraged trading on currencies with floating spreads from 0.6 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. |
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GBPUSD Spread | |
0.7 (varies by region) | 1.1 |
EURUSD Spread | |
0.2 (varies by region) | 0.7 |
EURGBP Spread | |
0.6 (varies by region) | 2.1 |
Assets | |
40+ | 35 |
Cryptocurrency | |
Trade cryptos against major fiat currencies or take a longer-term view with ETNs. | Trade 30+ popular digital currencies paired with the USD. |
Spread | |
Variable | 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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66% of retail accounts lose money. | |
More Comparisons | |
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