Compare HF Markets vs OctaFx
What is HF Markets? What is OctaFx ?
HF Markets, also known as HotForex, is a forex and CFD broker that was founded in 2010 and is regulated by multiple authorities, including the FCA, CySEC, DFSA, FSCA and FSA. HF Markets offers over 3500 trading instruments, including forex, indices, commodities, shares, metals, energies, bonds, ETFs and cryptocurrencies. HF Markets provides various trading platforms, such as MetaTrader 4, MetaTrader 5 and HF App. HF Markets also offers educational resources, market analysis, trading tools and bonuses for its clients.
OctaFX is a forex and CFD broker that was founded in 2011 and is regulated by CySEC and FSA. OctaFX offers over 200 trading instruments, including forex, gold, silver, indices and cryptocurrencies. OctaFX provides three trading platforms, namely MetaTrader 4, MetaTrader 5 and cTrader. OctaFX also offers educational resources, market insights, trading tools and promotions for its clients.
HF Markets vs OctaFx Regulation Comparison
| Broker | Tier-1 Licenses | Tier-2 Licenses | Tier-3 Licenses | Trust Score |
|---|---|---|---|---|
| HF Markets | 2 (FCA, DFSA) | 3 (CySEC, FSCA, FSC) | 1 (FSA) | 86/99 |
| OctaFX | 1 (CySEC) | 1 (FSCA) | 1 (FSA) | 70/99 |
HF Markets vs OctaFx Trading Assets Comparison
| Broker | Forex Pairs | Indices | Commodities | Shares | Metals | Energies | Bonds | ETFs | Crypto |
|---|---|---|---|---|---|---|---|---|---|
| HF Markets | 47 | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| OctaFX | 40 | Yes | No | No | No | Yes | No | No | Yes |
HF Markets vs OctaFx Trading Fees Comparison
Both brokers offer variable spreads, which means that the spread can change depending on the market conditions and liquidity. The average spread for the EUR/USD pair is:
- 1.2 pips for HF Markets
- 0.6 pips for OctaFX
However, the spread is not the only factor to consider when comparing the trading fees. Both brokers also charge commissions for some of their account types:
- HF Markets charges $3 per lot for its Zero Spread account
- OctaFX charges $3 per lot for its cTrader account
Therefore, the total cost of trading can vary depending on the account type, trading volume and instrument.
HF Markets vs OctaFx Account Types Comparison
Both brokers offer different account types to suit different trading styles and preferences. Here is a brief overview of their main account types:
HF Markets
- Micro: Minimum deposit $5, leverage up to 1:1000, variable spread from 1 pip
- Premium: Minimum deposit $100, leverage up to 1:500, variable spread from 1 pip
- Zero Spread: Minimum deposit $200, leverage up to 1:500, zero spread with $3 commission per lot
- Auto: Minimum deposit $200, leverage up to 1:500, variable spread from 1 pip
- PAMM: Minimum deposit $250 or $500 depending on the strategy provider, leverage up to 1:300 or 1:500 depending on the strategy provider
- HFCopy: Minimum deposit $300 for strategy providers or $100 for followers
OctaFX
- MT4 Micro: Minimum deposit $25 or equivalent in other currencies, leverage up to 1:500 or lower depending on the instrument
- MT5 Pro: Minimum deposit $500 or equivalent in other currencies, leverage up to 1:200 or lower depending on the instrument
- cTrader ECN: Minimum deposit $100 or equivalent in other currencies, leverage up to 1:500 or lower depending on the instrument, $3 commission per lot
- OctaFX Copytrading: Minimum deposit $100 or equivalent in other currencies, leverage up to 1:500 or lower depending on the instrument
HF Markets vs OctaFx Deposit Options Comparison
Both brokers offer various payment methods for depositing and withdrawing funds from their trading accounts. Here is a list of their supported payment methods:
HF Markets
- Credit/debit cards (Visa, Mastercard, Maestro)
- Wire transfer
- Skrill
- Neteller
- WebMoney
- Perfect Money
- FasaPay
- Crypto (Bitcoin, Ethereum, Litecoin, Ripple)
OctaFX
- Credit/debit cards (Visa, Mastercard)
- Wire transfer
- Skrill
- Neteller
- Crypto (Bitcoin, Ethereum, Litecoin, Ripple)
HF Markets vs OctaFx Trading Platforms Comparison
Both brokers support various trading platforms that allow traders to access the markets and execute their trades. Here is a comparison of their main trading platforms:
HF Markets
- MetaTrader 4: A popular and widely used platform that offers advanced charting, technical analysis, automated trading and custom indicators
- MetaTrader 5: An upgraded version of MT4 that offers more features, such as more timeframes, more order types, more indicators and more instruments
- HF App: A mobile app that allows traders to access their accounts, manage their trades and get market news and analysis on the go
- HF WebTrader: A web-based platform that does not require any download or installation and can be accessed from any browser
OctaFX
- MetaTrader 4: A popular and widely used platform that offers advanced charting, technical analysis, automated trading and custom indicators
- MetaTrader 5: An upgraded version of MT4 that offers more features, such as more timeframes, more order types, more indicators and more instruments
- cTrader: A platform designed for ECN trading that offers fast execution, transparent pricing, advanced charting and analytical tools
- OctaFX Trading App: A mobile app that allows traders to access their accounts, manage their trades and get market news and analysis on the go
HF Markets vs OctaFx Analytical Tools Comparison
Both brokers provide various analytical tools to help traders make informed trading decisions. Here are some of the tools they offer:
HF Markets
- Autochartist: A tool that scans the markets for potential trading opportunities based on technical analysis and patterns
- Premium Trader Tools: A suite of tools that includes an alarm manager, a correlation matrix, a sentiment trader, a trade terminal and more
- Trading Calculators: Tools that help traders calculate various parameters, such as margin, pip value, swap and commission
- Economic Calendar: A tool that shows the upcoming economic events and their impact on the markets
- Market Analysis: A section that provides daily market news, analysis and commentary from experts
OctaFX
- Autochartist: A tool that scans the markets for potential trading opportunities based on technical analysis and patterns
- Trading Signals: A tool that provides buy and sell signals based on technical indicators and market trends
- Copy Trading: A tool that allows traders to copy the trades of successful strategy providers for a fee or a commission
- Trading Calculators: Tools that help traders calculate various parameters, such as margin, pip value, swap and commission
- Economic Calendar: A tool that shows the upcoming economic events and their impact on the markets
- Market Insights: A section that provides daily market news, analysis and commentary from experts
HF Markets vs OctaFx . Which forex broker is better? Which forex broker should you choose?
The best forex broker for you depends on your personal preferences, trading style, goals and needs. You can do more research, read reviews, try a demo account or even open a live account with both brokers to see which broker meets your expectations and requirements.
