Compare Deriv vs OctaFx
What is Deriv? What is OctaFx?
Deriv is an online trading platform that offers forex, commodities, synthetic indices, stocks, and stock indices. OctaFx is a forex broker that also offers stock trading, copytrading, and referral programs.
Deriv vs OctaFx Overall Comparison
Both Deriv and OctaFx are regulated by reputable authorities and have been in the market for over a decade. They offer a variety of trading instruments, platforms, and bonuses to their clients. However, Deriv has more markets and trade types than OctaFx, while OctaFx has lower spreads and commissions than Deriv.
Deriv vs OctaFx Regulation Comparison
Deriv is regulated by the Malta Financial Services Authority (MFSA), the Vanuatu Financial Services Commission (VFSC), the British Virgin Islands Financial Services Commission (FSC), and the Labuan Financial Services Authority (LFSA). OctaFx is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA).
Deriv vs OctaFx Trading Assets Comparison
Deriv offers over 230 trading instruments, including forex, stocks & indices, cryptocurrencies, commodities, and derived indices. OctaFx offers 28 currency pairs, 4 metals, 2 energies, 10 indices, and 3 cryptocurrencies.
Deriv vs OctaFx Trading Fees Comparison
Deriv does not charge any swaps or commissions on its trades. OctaFx charges variable spreads starting from 0.4 pips on its ECN account and 0.6 pips on its Micro account. It also charges a commission of $3 per lot on its ECN account.
Deriv vs OctaFx Account Types Comparison
Deriv offers three account types: Standard, Advanced, and Synthetic Indices. OctaFx offers three account types: Micro, Pro, and ECN.
Deriv vs OctaFx Trading Conditions Comparison
Deriv offers a maximum leverage ratio of 1:1000 on its Standard and Advanced accounts, and 1:500 on its Synthetic Indices account. OctaFx offers a maximum leverage ratio of 1:500 on all its account types.
Deriv vs OctaFx Deposit Options Comparison
Deriv supports various payment methods, including bank wire transfer, credit/debit cards, e-wallets (such as Skrill, Neteller, FasaPay), and cryptocurrencies (such as Bitcoin, Ethereum). OctaFx supports bank wire transfer, credit/debit cards, e-wallets (such as Skrill, Neteller), local bank transfers (in some countries), and cryptocurrencies (such as Bitcoin).
Deriv vs OctaFx Trading Platforms Comparison
Deriv offers four trading platforms: DTrader (web-based), DBot (automated trading), DMT5 (MetaTrader 5), and SmartTrader (binary options). OctaFx offers three trading platforms: MetaTrader 4, MetaTrader 5, and cTrader.
Deriv vs OctaFx Analytical Tools Comparison
Deriv provides various analytical tools to its clients, such as trading signals, market news, economic calendar, trading calculators, sentiment analysis. OctaFx also provides trading signals, market news, economic calendar, trading calculators.
Deriv vs OctaFx Educational Resources Comparison
Deriv offers free educational materials to its clients, such as video tutorials, webinars, e-books, glossary. OctaFx also offers free educational materials to its clients such as video tutorials webinars e-books glossary.
Which offers better pricing – Deriv or OctaFx
This depends on the type of account and instrument you trade. Deriv does not charge any swaps or commissions, but it has fixed spreads that may be higher than OctaFx’s variable spreads. OctaFx charges a commission of $3 per lot on its ECN account, but it has lower spreads than Deriv on some instruments. You can compare the trading specifications of both brokers on their websites.
Which broker offers more security when trading Forex and CFDs?
Both brokers are regulated by reputable authorities and have been in the market for over a decade. Deriv is regulated by four regulators: MFSA, VFSC, FSC, and LFSA. OctaFx is regulated by two regulators: CySEC and SVGFSA. Both brokers also offer segregated accounts, negative balance protection, and SSL encryption to protect their clients’ funds and data.
Which broker offers the superior trading platform?
This depends on your personal preference and trading style. Deriv offers four trading platforms: DTrader, DBot, DMT5, and SmartTrader. OctaFx offers three trading platforms: MT4, MT5, and cTrader. Both brokers provide various analytical tools, trading signals, and educational materials to their clients. You can try their demo accounts to see which platform suits you better.
Do these brokers both offer MetaTrader?
Yes, both brokers offer MetaTrader platforms. Deriv offers MetaTrader 5 (DMT5), while OctaFx offers MetaTrader 4 and MetaTrader 5 .
How many Forex pairs can you expect from these brokers?
Deriv offers over 50 forex pairs, including major, minor, and exotic pairs. OctaFx offers 28 forex pairs, including major, minor, and exotic pairs.
Is it safe to trade with Deriv?
Deriv is a safe broker to trade with as it is regulated by four reputable authorities and has been in the market since 1999. It also offers segregated accounts, negative balance protection, and SSL encryption to protect its clients’ funds and data.
Is it safe to trade with OctaFx?
OctaFx is also a safe broker to trade with as it is regulated by two reputable authorities and has been in the market since 2011. It also offers segregated accounts, negative balance protection, and SSL encryption to protect its clients’ funds and data.
Is Deriv a good broker?
Deriv is a good broker for traders who want to access a wide range of markets, trades, and platforms. It offers forex, commodities, synthetic indices, stocks, and stock indices with various trade types such as binary options, CFDs, and digital options. It also offers four trading platforms with different features and functionalities.
Is OctaFx a good broker?
OctaFx is a good broker for traders who want to enjoy low spreads and commissions on forex and CFDs trading. It offers 28 currency pairs, 4 metals, 2 energies, 10 indices, and 3 cryptocurrencies with three account types: Micro, Pro, and ECN. It also offers three trading platforms with different features and functionalities.
Deriv vs OctaFx. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which one you should choose. It depends on your personal preference, trading style, and investment goals. Both Deriv and OctaFx have their own advantages and disadvantages, as I have explained in the previous comparison. You should consider the following factors when choosing a forex broker:
- Regulation and reputation
- Trading instruments and markets
- Trading platforms and tools
- Trading fees and costs
- Account types and features
- Deposit and withdrawal options
- Customer service and support
- Bonuses and promotions
You can also try their demo accounts to test their platforms and services before opening a real account. Ultimately, the best forex broker for you is the one that meets your needs and expectations.
