Compare OctaFx vs NordFX
What is OctaFx? What is NordFX ?
OctaFX is a forex broker that was established in 2011 and is regulated by CySEC (Cyprus) and FSA (St. Vincent & the Grenadines). It offers trading on various instruments, including forex, indexes, energies and crypto. It supports MetaTrader 4, MetaTrader 5 and cTrader platforms.
NordFX is a forex broker that was established in 2008 and is regulated by VFSC (Vanuatu). It offers trading on forex, gold & silver, CFDs and crypto. It supports MetaTrader 4 platform.
OctaFx vs NordFX Regulation Comparison
Here is a table that compares the regulation status of OctaFX and NordFX:
| Broker | Regulator | License Number |
|---|---|---|
| OctaFX | CySEC (Cyprus) | 372/18 |
| OctaFX | FSA (St. Vincent & the Grenadines) | 19776 IBC 2011 |
| NordFX | VFSC (Vanuatu) | 15008 |
OctaFx vs NordFX Trading Assets Comparison
Trading assets are the instruments that traders can trade on the broker’s platform. The more assets a broker offers, the more opportunities for traders to diversify their portfolio and find profitable trades. Here is a table that compares the trading assets of OctaFX and NordFX:
| Broker | Forex | Gold & Silver | Indexes | Energies | Crypto |
|---|---|---|---|---|---|
| OctaFX | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ |
| NordFX | ✔️ | ✔️ | ❌ | ❌ | ✔️ |
OctaFx vs NordFX Trading Fees Comparison
Here is a table that compares the trading fees of OctaFX and NordFX:
| Broker | Spread Type | Min Spread (EUR/USD) | Commission (per lot) | Swap (long/short) |
|---|---|---|---|---|
| OctaFX | Variable | 0.6 pips | None | -0.3/-0.1 pips |
| NordFX | Variable | 0.9 pips | None | -0.4/-0.2 pips |
OctaFx vs NordFX Account Types Comparison
Here is a table that compares the account types of OctaFX and NordFX:
| Broker | Account Type | Min Deposit ($) | Max Leverage | Min Lot Size |
|---|---|---|---|---|
| OctaFX | Micro MT4/MT5/cTrader Account | 25/100/1000 | 1:500/1:200/1:500 | 0.01 |
| OctaFX | Pro MT4/MT5/cTrader Account | 500/500/25000 | 1:200/1:200/1:200 | 0.01 |
| OctaFX | ECN cTrader Account | 100 | 1:500 | 0.01 |
| NordFX | Fix Account | 10 | 1:1000 | 0.01 |
| NordFX | Pro Account | 250 | 1:1000 | 0.01 |
| NordFX | Zero Account | 500 | 1:1000 | 0.01 |
OctaFx vs NordFX Deposit Options Comparison
| Broker | Deposit Options | Withdrawal Options |
|---|---|---|
| OctaFX | Crypto, Credit/debit cards, Neteller, Skrill | Crypto, Credit/debit cards, Neteller, Skrill |
| NordFX | WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, Perfect Money, Dragonpay | WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, Perfect Money |
OctaFx vs NordFX Trading Platforms Comparison
Trading platforms are the software that traders use to access the market and execute their trades. The most popular trading platform in the forex industry is MetaTrader 4 (MT4), which offers a user-friendly interface and a range of tools and features. Some brokers may also offer other platforms, such as MetaTrader 5 (MT5) or cTrader. Here is a table that compares the trading platforms of OctaFX and NordFX:
| Broker | Trading Platforms | Platform Features |
|---|---|---|
| OctaFX | MetaTrader 4, MetaTrader 5, cTrader | One-click trading, Trailing stop, Pending orders |
| NordFX | MetaTrader 4 | One-click trading, Trailing stop, Pending orders |
OctaFx vs NordFX Analytical Tools Comparison
| Broker | Analytical Tools |
|---|---|
| OctaFX | Market news, Economic calendar, Trading signals, Autochartist |
| NordFX | Market news, Economic calendar, Trading signals |
OctaFx vs NordFX . Which forex broker is better? Which forex broker should you choose?
Choosing a suitable broker depends on your personal preferences, trading style, goals and risk appetite. However, you can see some of the advantages and disadvantages of each broker and decide which broker is a better fit for you. Here are some factors to consider:
- If you value regulation and security, you may prefer OctaFX as it is regulated by two reputable authorities, while NordFX is only regulated by one offshore regulator.
- If you want to trade a variety of instruments, you may prefer OctaFX as it offers more trading assets than NordFX, including indexes and energies.
- If you are looking for low trading fees, you may prefer OctaFX as it has lower spreads and no commissions, while NordFX has higher spreads and charges commissions on some account types.
- If you want to have more choices of trading platforms, you may prefer OctaFX as it offers MT4, MT5 and cTrader, while NordFX only offers MT4.
- If you want to have more deposit and withdrawal options, you may prefer NordFX as it offers more methods than OctaFX, including WebMoney, Perfect Money and Dragonpay.
In the end, the best way to find out which broker is better for you is to experiment for yourself. You can open a demo account with both brokers and test out their services and features before opening a real account. You can also read reviews from other traders and experts for more insights and opinions.
