WazirX vs OctaFX

WazirX vs OctaFX Comparison Table 2024
WazirX OctaFX
Not Yet Rated

WazirX is #30 in our crypto broker rankings.

4.1
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

WazirX is an Indian cryptocurrency exchange with several extra functionalities, including P2P trading, an NFT marketplace and Smart Token Funds.

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
Up to 50% deposit bonus
Comment by Reviewer
"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
  • 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
  • No stock trading
  • Few payment methods
  • Zero pip spreads unavailable
  • The global entity is regulated offshore
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
Cryptos Forex, CFDs, indices, commodities, cryptocurrencies
Demo Account
No Yes
Minimum Deposit
INR 100 $100
Trading Platforms
  • Own
  • MT4
  • MT5
  • AutoChartist
Payment Methods
Minimum Trade
$14.50 0.01 Lots
Regulator
SVGFSA, CySEC
Margin Trading
No Yes
STP Account
No 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
Yes No
Spot Trading
No Yes
Mobile Apps
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
Yes
Copy Trading
No Yes
Copy Trading Platform
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
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
No Yes
Account Currencies
  • INR
  • UAH
  • USD
  • EUR
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered 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
1:30 (EU), 1:500 (Global)
FTSE Spread
1.8
GBPUSD Spread
1.1
Oil Spread
0.7
Stocks Spread
Variable
Forex Trading
Forex trading not offered 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
1.1
EURUSD Spread
0.7
EURGBP Spread
2.1
Assets
35
Cryptocurrency
WazirX is a crypto exchange with a wide range of tokens available for purchase using INR, USDT, BTC or the native WRX token. 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
  • USDT
  • FTM
  • ADA
  • HBAR
  • TRX
  • CELR
  • FRONT
  • WRX
  • MATIC
  • REN
  • POLY
  • IOST
  • ETH
  • IOTX
  • DOGE
  • PUSH
  • XRP
  • SHIB
  • KEEP
  • ATOM
  • ICP
  • CTSI
  • CHR
  • WIN
  • CKB
  • COTI
  • ALICE
  • DENT
  • BNB
  • DOT
  • CRV
  • AVAX
  • RUNE
  • DOCK
  • ARK
  • CVC
  • SXP
  • BTT
  • 1INCH
  • VET
  • BZRX
  • PNT
  • LINK
  • LUNA
  • LTC
  • SC
  • XLM
  • SNX
  • EGLD
  • PHA
  • LRC
  • NKN
  • FTT
  • REEF
  • ZIL
  • CAKE
  • DNT
  • XVG
  • ENJ
  • DGB
  • ALPHA
  • UNI
  • ETC
  • UFT
  • EZ
  • YFII
  • HOT
  • MDX
  • EOS
  • SAND
  • KMD
  • TKO
  • OGN
  • RLC
  • YFI
  • TRB
  • FIL
  • XEM
  • OMG
  • MANA
  • KSM
  • DATA
  • UMA
  • AXS
  • BAL
  • BCH
  • COMP
  • HNT
  • ZRX
  • BAT
  • MIR
  • DASH
  • ONT
  • XVS
  • ZEC
  • DCR
  • BUSD
  • PAXG
  • 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
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