Compare OctaFx vs FXGiants
What is OctaFx? What is FXGiants ?
OctaFx is a forex broker that offers online trading of forex, stocks, metals, indices, commodities and cryptocurrencies. It has been operating since 2011 and has won over 60 awards. It claims to offer low spreads, fast execution, no commissions and secure deposits and withdrawals. It also provides daily trading ideas, free educational materials and copytrading services.
FXGiants is a trade name of Notesco Limited, a company registered in Bermuda that offers online trading of forex, CFDs, metals, indices, futures and stocks. It claims to offer tight spreads, ultra-fast execution, 24/5 customer support and various bonuses and promotions. It also provides access to over 200 trading instruments and multiple trading platforms.
OctaFx vs FXGiants Regulation Comparison
OctaFx is regulated by the following authorities:
- Cyprus Securities and Exchange Commission (CySEC) with license number 372/18
- Financial Conduct Authority (FCA) of the UK with license number 679306
- Financial Services Authority (FSA) of Saint Vincent and the Grenadines with license number 19776 IBC 2011
FXGiants is regulated by the following authorities:
- Financial Conduct Authority (FCA) of the UK with license number 585561
- Australian Securities and Investments Commission (ASIC) with license number AFSL no.417482
- Financial Sector Conduct Authority (FSCA) of South Africa with license number FSP no.45276
OctaFx vs FXGiants Trading Assets Comparison
OctaFx offers the following trading assets:
- Forex: over 70 currency pairs
- Metals: gold, silver, platinum and palladium
- Indices: 10 major global indices
- Commodities: crude oil, natural gas and agricultural products
- Cryptocurrencies: Bitcoin, Ethereum, Litecoin and Ripple
FXGiants offers the following trading assets:
- Forex: over 80 currency pairs
- Metals: gold, silver, platinum and palladium
- Indices: over 40 global indices
- Commodities: energy, agricultural and soft commodities
- Futures: over 20 futures contracts
- Stocks: over 120 US, UK and EU stocks
OctaFx vs FXGiants Trading Fees Comparison
OctaFx charges the following fees:
- Spreads: variable or fixed depending on the account type, starting from 0 pips for ECN accounts and from 0.4 pips for Micro accounts
- Commissions: $3 per lot for ECN accounts, none for Micro and Pro accounts
- Swaps: none for all account types
- Deposit fees: none for all payment methods
- Withdrawal fees: none for most payment methods, except for bank wire transfers ($30) and Neteller/Skrill (1%)
FXGiants charges the following fees:
- Spreads: variable or fixed depending on the account type, starting from 0 pips for Zero Fixed Spread accounts and from 1.1 pips for Live Floating Spread accounts
- Commissions: $18 per lot for Zero Fixed Spread accounts, none for other account types
- Swaps: charged or credited depending on the instrument and direction of the trade
- Deposit fees: none for all payment methods
- Withdrawal fees: none for most payment methods, except for bank wire transfers ($25) and Neteller/Skrill (1%)
OctaFx vs FXGiants Account Types Comparison
OctaFx offers three account types:
| Account Type | Micro | Pro | ECN |
|---|---|---|---|
| Minimum Deposit | $100 | $500 | $100 |
| Maximum Leverage | 1:500 | 1:200 | 1:500 |
| Minimum Lot Size | 0.01 | 0.01 | 0.01 |
| Execution Type | Market | Market | Market |
| Spread Type | Fixed or Floating | Floating | Floating |
| Trading Platforms | MT4/MT5/cTrader | MT4/MT5/cTrader | MT4/MT5/cTrader |
FXGiants offers six account types:
| Account Type | Live Floating Spread | Live Fixed Spread | Live Zero Fixed Spread | STP/ECN No Commission | STP/ECN Zero Spread | STP/ECN Absolute Zero |
|---|---|---|---|---|---|---|
| Minimum Deposit | $100 | $500 | $500 | $500 | $500 | $100 |
| Maximum Leverage | 1:1000 | 1:1000 | 1:1000 | 1:200 | 1:200 | 1:200 |
| Minimum Lot Size | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Execution Type | Market | Market | Market | Market | Market | Market |
| Spread Type | Floating | Fixed | Fixed | Floating | Floating | Floating |
| Trading Platforms | MT4/MT5/PMAM/ WebTrader | MT4/MT5/PMAM/ WebTrader | MT4/MT5/PMAM/ WebTrader | MT4/MT5/PMAM/ WebTrader | MT4/MT5/ PMAM/ WebTrader | MT4 |
OctaFx vs FXGiants Deposit Options Comparison
OctaFx supports the following deposit and withdrawal options:
- Bank wire transfer
- Credit/debit cards (Visa, Mastercard, Maestro)
- Neteller
- Skrill
- Bitcoin
- Local bank transfers
FXGiants supports the following deposit and withdrawal options:
- Bank wire transfer
- Credit/debit cards (Visa, Mastercard, Maestro)
- Neteller
- Skrill
- FasaPay
- China UnionPay
- Dotpay
OctaFx vs FXGiants Trading Platforms Comparison
OctaFx offers the following trading platforms:
- MetaTrader 4 (MT4): a popular and user-friendly platform that supports multiple chart types, indicators, expert advisors, automated trading and mobile trading
- MetaTrader 5 (MT5): an advanced and multi-functional platform that offers more instruments, order types, analytical tools, market depth and economic calendar
- cTrader: a fast and transparent platform that provides direct market access, level II pricing, advanced order types and charting tools
FXGiants offers the following trading platforms:
- MetaTrader 4 (MT4): a popular and user-friendly platform that supports multiple chart types, indicators, expert advisors, automated trading and mobile trading
- MetaTrader 5 (MT5): an advanced and multi-functional platform that offers more instruments, order types, analytical tools, market depth and economic calendar
- PMAM: a platform that allows managing multiple MT4 accounts with different strategies and risk profiles
- WebTrader: a web-based platform that does not require any download or installation and provides access to all the features of MT4
OctaFx vs FXGiants Analytical Tools Comparison
OctaFx provides the following analytical tools:
- Daily market insights: a blog that covers the latest news, trends and analysis of various markets and instruments
- Forex calculator: a tool that helps calculate margin, pip value, swap and profit for different trading scenarios
- Economic calendar: a tool that displays the upcoming economic events and their impact on the markets
- Copytrading: a service that allows copying the trades of successful traders for a commission fee
FXGiants provides the following analytical tools:
- Economic calendar: a tool that displays the upcoming economic events and their impact on the markets
- Market news: a section that provides daily updates on the major market movements and events
- Trading signals: a service that provides buy or sell recommendations based on technical analysis for various instruments
- VPS: a service that allows running expert advisors and automated trading systems without interruption or latency
OctaFx vs FXGiants . Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences, trading style, goals and risk appetite. You should consider various factors like regulations, fees, assets, platforms, tools, customer support and reputation before making a decision. You should also do your own research and read reviews from other traders who have used the brokers you are interested in. Ultimately, the best forex broker for you is the one that meets your needs and expectations.
