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TeraFX vs OctaFX

TeraFX vs OctaFX Comparison Table 2023
TeraFX OctaFX
Review
Not Yet Rated
Review
4.1
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

TeraFX is a regulated forex broker offering MT4 desktop & mobile trading.

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.

Pros
  • Full range of investments
  • Low minimum deposit
  • Highly rated
  • MetaTrader 4 and 5
  • Copy trading
  • Commission-free trading
  • Mobile app compatibility
  • Negative balance protection (Within EU)
  • No deposit & withdrawal fees
  • Comprehensive educational content
  • Bonuses and contests available (non-EU)
  • High Leverage 1:500 (non-EU)
  • Demo account with access to unlimited virtual funds
  • Offers Islamic accounts
Cons
  • Few payment methods
  • No global stocks trading
  • Zero pip spreads unavailable
  • The global entity is regulated offshore
  • Small selection of tradeable instrument
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
Promotions

Get A 50% Bonus On Each Deposit At OctaFX
Bonus
Up to 50% deposit bonus
Instruments
Forex, CFDs, indices, commodities, cryptocurrencies Forex, CFDs, indices, commodities, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$100 $100
Payment Methods
Minimum Trade
0.01 lots 0.01 lots
Regulator
FCA SVGFSA, CySEC
Margin Trading
No Yes
MetaTrader 4
Yes Yes
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No 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
No Yes
Mobile Apps
Yes Yes (iOS & Android)
Auto Trading
Yes 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 (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
  • USD
  • EUR
Stock Exchanges
Commodities
CFD Trading
Trade CFDs with leverage across multiple asset classes. Trade CFDs on the financial markets with floating spreads and flexible leverage.
Leverage
1:30 Retail, 1:200 Professional 1:500 (Global), 1:30 (EU)
FTSE Spread
Floating 1.8
GBPUSD Spread<
Floating 1.1
Oil Spread
Floating 0.7
Stocks Spread
N/A Variable
Forex Trading
Trade 50+ forex pairs with 1:30 leverage. 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.
GBPUSD Spread
Floating 1.1
EURUSD Spread
Floating 0.7
EURGBP Spread
Floating 2.1
Assets
59 35
Cryptocurrency
Crypto trading not offered Trade 30+ popular digital currencies paired with the USD.
Spread
Trade top crypto pairs on MT4. Variable
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • 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
Review
Review
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