TP Global FX vs OctaFX

TP Global FX vs OctaFX Comparison Table 2023
TP Global FX	OctaFX
Review 3.9	Review 4.1
Traders from US not accepted	Traders from US not accepted
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 offers commission-free multi-asset trading on MT4 & MT5 platforms with tight floating spreads. Users can also benefit from a proprietary copy trading service.
Bonus Offer
Seasonal Bonuses	Up to 50% deposit bonus
Promotions
	Get A 50% Bonus On Each Deposit At OctaFX
Comment by Reviewer
"TP Global FX will suit forex traders who value true STP pricing, good educational resources and copy trading."
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	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
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	Few payment methods No global stocks trading Zero pip spreads unavailable The global entity is regulated offshore Small selection of tradeable instrument
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
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
MetaTrader 4
Yes	Yes
MetaTrader 5
Yes	Yes
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	Yes
eSignal
No	No
Trading Central
Yes	No
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)
Auto Trading
Yes (EAs)	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 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
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 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.	Trade CFDs on the financial markets with floating spreads and flexible leverage.
Leverage
1:500	1:500 (Global), 1:30 (EU)
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 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
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.
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

Review	Review
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