WazirX vs OctaFX

WazirX vs OctaFX Comparison Table 2024
WazirX	OctaFX
Review Not Yet Rated	Review 4.1

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
Wire Transfer	Credit Card Debit Card FasaPay Mastercard Neteller Skrill Visa Wire Transfer
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
	Dow Jones FTSE UK Index Nasdaq
Commodities
	Gasoline Gold Natural Gas Oil Silver
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

Review	Review
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