Compare OctaFx vs easyMarkets
What is OctaFx? What is easyMarkets ?
OctaFx is a forex broker that was established in 2011 and is regulated by the FSA of St. Vincent and the Grenadines. It offers trading in forex, CFDs, indexes and cryptocurrencies on MetaTrader 4, MetaTrader 5 and cTrader platforms. It has won several awards for its customer service, trading conditions and social trading features.
easyMarkets is a forex broker that was established in 2001 and is regulated by the CySEC of Cyprus, the ASIC of Australia and the FSC of the British Virgin Islands. It offers trading in forex, CFDs, commodities, stocks and cryptocurrencies on MetaTrader 4, MetaTrader 5 and its own web platform. It has also won several awards for its innovation, transparency and customer satisfaction.
OctaFx vs easyMarkets Regulation Comparison
Both brokers are regulated by reputable authorities, but easyMarkets has more licenses than OctaFx. easyMarkets holds two global Tier-1 licenses from the ASIC and the CySEC, while OctaFx holds none. OctaFx holds one global Tier-2 license from the FSA of South Africa, while easyMarkets holds none. Both brokers hold one global Tier-3 license from the FSC of the British Virgin Islands.
| Broker | Tier-1 Licenses | Tier-2 Licenses | Tier-3 Licenses |
|---|---|---|---|
| OctaFx | 0 | 1 | 1 |
| easyMarkets | 2 | 0 | 1 |
OctaFx vs easyMarkets Trading Assets Comparison
Both brokers offer a wide range of trading assets, but OctaFx has more currency pairs and CFDs than easyMarkets. OctaFx offers 62 forex pairs and 229 CFDs, while easyMarkets offers 40 forex pairs and 199 CFDs.
| Broker | Forex Pairs | CFDs |
|---|---|---|
| OctaFx | 62 | 229 |
| easyMarkets | 40 | 199 |
OctaFx vs easyMarkets Trading Fees Comparison
OctaFx offers variable spreads that start from 0.4 pips on EUR/USD, while easyMarkets offers fixed spreads that start from 0.9 pips on EUR/USD. OctaFx also offers commission-free accounts, while easyMarkets charges commissions on some account types.
| Broker | Spread Type | Min Spread on EUR/USD | Commissions |
|---|---|---|---|
| OctaFx | Variable | 0.4 pips | No |
| easyMarkets | Fixed | 0.9 pips | Yes |
OctaFx vs easyMarkets Account Types Comparison
Both brokers offer different account types to suit different trading styles and preferences. OctaFx offers four account types: Micro, Pro, ECN and cTrader. easyMarkets offers three account types: Standard, Premium and VIP. The main differences between the account types are the minimum deposit, the leverage, the spreads and the commissions.
OctaFx vs easyMarkets Deposit Options Comparison
Both brokers offer various deposit and withdrawal options, but easyMarkets has more payment methods than OctaFx. OctaFx accepts deposits and withdrawals via credit/debit cards, Neteller, Skrill and cryptocurrencies. easyMarkets accepts deposits and withdrawals via credit/debit cards, Neteller, Skrill, WebMoney, UnionPay, BPAY, iDEAL, SOFORT, FasaPay, cryptocurrencies, Litecoin, giropay, Ethereum, Crypto Cash, Tether (USDT) and AstroPay.
| Broker | Payment Methods |
|---|---|
| OctaFx | Credit/debit cards, Neteller, Skrill, cryptocurrencies |
| easyMarkets | Credit/debit cards, Neteller, Skrill, WebMoney, UnionPay, BPAY, iDEAL, SOFORT, FasaPay, cryptocurrencies, Litecoin, giropay, Ethereum, Crypto Cash, Tether (USDT), AstroPay |
OctaFx vs easyMarkets Trading Platforms Comparison
Both brokers offer MetaTrader 4 and MetaTrader 5 as their main trading platforms. These platforms are popular among traders for their advanced features, customizability and compatibility with automated trading systems. OctaFx also offers cTrader as an alternative platform for ECN trading. easyMarkets also offers its own web platform that is designed to be user-friendly and intuitive.
| Broker | Trading Platforms |
|---|---|
| OctaFx | MetaTrader 4, MetaTrader 5, cTrader |
| easyMarkets | MetaTrader 4, MetaTrader 5, easyMarkets Web Platform |
OctaFx vs easyMarkets Analytical Tools Comparison
| Broker | Analytical Tools |
|---|---|
| OctaFx | Market insights, economic calendar, trading signals, copy trading |
| easyMarkets | Market news, economic calendar, trading charts, indicators |
OctaFx vs easyMarkets . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading goals and risk appetite. You should compare brokers based on criteria that are important to you, such as regulation, fees, assets, platforms, tools, and customer service. You should also test the brokers with a demo account before making a final decision. Ultimately, the best broker for you is the one that fits your needs and expectations.
