FXOpen vs. OctaFX
Compare their range of markets, trading platforms, deposit and withdrawal methods, and much more.
Pros and Cons
Pros- Leverage up to 1:500.
- Trade on MetaTrader 4, 5 or TickTrader.
- All trading strategies allowed (ECN account).
- Account base currencies: USD, AUD, CHF, EUR, GBP, JPY, RUB, SGD, mBTC.
Cons- Withdrawal fees between 2.5% and 8.25% (depending on your deposit method), if you request a withdrawal before meeting minimum notional trading volume requirements.
- FXOpen is only regulated in Nevis.
Awards- High-quality order execution, 2018 - VerifyMyTrade
- Best Forex Broker Australia, 2011 - World Finance
- Best Trading Platform, 2010 - Falcon Award
- Pros
- Trade on MetaTrader 4, MetaTrader 5 or cTrader.
- No fees on deposits or withdrawals.
- Negative balance protection.
- Copy trading platform.
- Cons
- You cannot buy shares or cryptocurrency (only CFDs).
- No CFDs on commodities, stocks or ETFs.
- Account base currencies: USD, EUR.
- Awards
- Best CFD Broker Asia Pacific, 2020 - CFI.co
- Best ECN Broker, 2020 - World Finance
- Best Forex Broker Asia 2020 - World Finance
Markets
Trading platforms
Account funding
| Deposits and withdrawals | FXOpen ▷ | OctaFX ▷ |
| Bank transfer |  |  |
|---|---|---|
| Credit card | | |
| Debit card | | |
| Bitcoin | | |
| DixiPay | | NA |
| FasaPay | | NA |
| NETELLER | NA | |
| Perfect Money | | NA |
| QIWI Wallet | | NA |
| Skrill | | |
| SorexPay | | NA |
| WebMoney | | NA |
| Yandex.Money | | NA |
| Account base currencies | FXOpen ▷ | OctaFX ▷ |
| AUD - Australian Dollar | | NA |
| CHF - Swiss Franc | | NA |
| EUR - Euro | | |
| GBP - British Pound | | NA |
| JPY - Japanese Yen | | NA |
| RUB - Russian Rouble | | NA |
| SGD - Singapore Dollar | | NA |
| USD - U.S. Dollar | | |
Regulators
| Company information | FXOpen ▷ | OctaFX ▷ |
| Company name | FXOpen NZ Limited | NA |
|---|---|---|
| Head office | Auckland, New Zealand | St. Vincent and the Grenadines |
| Incorporation date | 2005 | NA |
| Regulators | FXOpen ▷ | OctaFX ▷ |
| Australia | AFSL No. 412871 | NA |
| CySEC | NA | No. 372/18 |
| Nevis | Nevis No. C 42235 | NA |
| Saint Vincent and the Grenadines | NA | IBC No. 19776 |
| UK | FCA No. 579202 | NA |
