FXOpen vs. OctaFX

Compare their range of markets, trading platforms, deposit and withdrawal methods, and much more.

Pros and Cons

FXOpen

  • 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
OctaFX

  • 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

Asset classesFXOpen ▷OctaFX ▷
Forex (CFD)
Cryptos (CFD)
Stocks (CFD)NA
Indices (CFD)
Metals (CFD)
Energy (CFD)
Asset classes (#)FXOpen ▷OctaFX ▷
Forex (CFD)5128
Cryptos (CFD)435
Stocks (CFD)100NA
Indices (CFD)1010
Metals (CFD)22
Energy (CFD)32

Trading platforms

Trading platformsFXOpen ▷OctaFX ▷
MetaTrader 4
MetaTrader 5
cTrader
Currenex
Copy trading
Mirror trading
Other platformsTickTraderNA
Operating systemsFXOpen ▷OctaFX ▷
Web trader
Android
iOS

Account funding

Deposits and withdrawalsFXOpen ▷OctaFX ▷
Bank transfer
Credit card
Debit card
Bitcoin
DixiPayNA
FasaPayNA
NETELLERNA
Perfect MoneyNA
QIWI WalletNA
Skrill
SorexPayNA
WebMoneyNA
Yandex.MoneyNA
Account base currenciesFXOpen ▷OctaFX ▷
AUD - Australian DollarNA
CHF - Swiss FrancNA
EUR - Euro
GBP - British PoundNA
JPY - Japanese YenNA
RUB - Russian RoubleNA
SGD - Singapore DollarNA
USD - U.S. Dollar

Regulators

Company informationFXOpen ▷OctaFX ▷
Company nameFXOpen NZ LimitedNA
Head officeAuckland, New ZealandSt. Vincent and the Grenadines
Incorporation date2005NA
RegulatorsFXOpen ▷OctaFX ▷
AustraliaAFSL No. 412871NA
CySECNANo. 372/18
NevisNevis No. C 42235NA
Saint Vincent and the GrenadinesNAIBC No. 19776
UKFCA No. 579202NA