TP Global FX vs OctaFX

TP Global FX vs OctaFX Comparison Table 2024
TP Global FX	OctaFX
TP Global FX has closed.	Review 4.1

TP Global FX is an offshore broker with a strong focus on education and technical analysis tools. It offers STP pricing and up to 1:500 leverage on 50+ forex pairs and a smaller range of stocks, indices, commodities and cryptocurrencies. The broker supports the MetaTrader 4 and MetaTrader 5 platforms and offers additional services including copy trading and an informative daily blog.	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.
Bonus Offer
Seasonal Bonuses	Up to 50% deposit bonus
Comment by Reviewer
"TP Global FX will suit forex traders who value true STP pricing, good educational resources and copy trading."	"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."
Pros
Good range of frequently updated educational resources Demo profile with unlimited simulated funds Very tight spreads from 0.2 Support for MT4 and MT5 Copy trading service Accepts crypto deposits ~30ms execution speeds High leverage available True STP pricing	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
Cons
Limited consumer protections in place including negative balance protection High commissions of $15/$8 for the low-spread accounts Not overseen by any top-tier regulators Narrow choice of deposit options Small range of non-forex assets	No stock trading Few payment methods Zero pip spreads unavailable The global entity is regulated offshore
Awards
Most Transparent Broker 2021 - Forex Broker Awards Best FX Educational Broker 2021 - Forex Broker Awards Best Affiliate Program 2021 - Forex Broker 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	Forex, CFDs, indices, commodities, cryptocurrencies
Demo Account
Yes	Yes
Minimum Deposit
$200	$100
Trading Platforms
MT4 MT5 TradingCentral	MT4 MT5 AutoChartist
Payment Methods
Bitcoin Payments Wire Transfer	Credit Card Debit Card FasaPay Mastercard Neteller Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
SVGFSA, VFSC, CAMA	SVGFSA, CySEC
Margin Trading
Yes	Yes
STP Account
Yes	No
ECN Account
No	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
Yes (iOS & Android)	Yes (iOS & Android)
App Review
	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.
Android App Rating
	4.3
iOS App Rating
	4.5
Auto Trading
Expert Advisors (EAs) on MetaTrader	Yes
Copy Trading
Yes	Yes
Copy Trading Platform
Follow and copy multiple professional traders using performance analytics and market signals at TP Global FX.	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	Yes
Trade Signals
Yes	Yes (EAs)
VPS Hosting
No	Yes
Tournaments
Yes	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	USD EUR
Stock Exchanges
Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index Dow Jones Euronext Hang Seng Japan Exchange Group Nasdaq S&P 500	Dow Jones FTSE UK Index Nasdaq
Commodities
Aluminium Cocoa Coffee Copper Corn Cotton Gasoline Gold Natural Gas Oil Silver Sugar	Gasoline Gold Natural Gas Oil Silver
CFD Trading
TP Global FX clients can trade CFDs on forex as well as around 12 stocks, 12 indices, five cryptocurrencies and commodities including gold, silver oil and gas. CFDs trade with up to 1:500 leverage on the hugely popular and reliable MT4 and MT5 platforms.	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.
Leverage
1:500	1:30 (EU), 1:500 (Global)
FTSE Spread
Not offered	1.8
GBPUSD Spread
From 0.2 pips	1.1
Oil Spread
From 0.2 pips	0.7
Stocks Spread
From 0.2 points	Variable
Forex Trading
TP Global FX offers trading on 50+ forex pairs with a good selection of minors and exotics as well as the majors. The broker offers fast 30ms execution speeds with a Straight-Through Processing system. Very tight spreads starting from 0.2 are available on pro accounts, while standard commission-free account spreads start from 1.2.	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 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
From 0.2 pips	1.1
EURUSD Spread
From 0.2 pips	0.7
EURGBP Spread
From 0.2 pips	2.1
Assets
50+	35
Cryptocurrency
TP Global FX offers CFDs on five cryptocurrencies paired with USD. Spreads are lower than many alternatives and users can trade crypto 24/7 without interruption.	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.
Spread
Variable	Variable
Coins
BTC ETH LTC XRP EOS	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

TP Global FX has closed.	Review
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