Compare OctaFx vs SuperForex
What is OctaFx? What is SuperForex ?
OctaFx is an award-winning forex and CFD broker, founded in 2011. The Cyprus-based entity is regulated by the CySEC while the offshore branch is registered with SVGFSA. The ECN broker offers competitive trading conditions on its 80+ financial instruments, with tight spreads from 0.2 pips, fast execution speeds of 0.1 second and flexible leverage. OctaFx also offers two industry-leading platforms in MetaTrader 4 and MetaTrader 5, plus an in-house copy trading solution.
SuperForex is a multi-asset broker with both CySEC-regulated and offshore branches. Offering ultra-low spreads, copy-traing services, 170+ tradeable instruments and MetaTrader support, SuperForex has a lot to offer both beginner and experienced traders.
OctaFx vs SuperForex Regulation Comparison
OctaFx is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 372/18 for its European entity, and by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines under license number 19776 IBC 2011 for its global entity.
SuperForex is regulated by the International Financial Services Commission (IFSC) of Belize under license number IFSC/60/292/TS/14 for its offshore entity, and by the Cyprus Securities and Exchange Commission (CySEC) under license number 388/20 for its European entity.
OctaFx vs SuperForex Trading Assets Comparison
OctaFx offers over 80 financial instruments to trade, including forex pairs, indices, commodities, cryptocurrencies and CFDs.
SuperForex offers over 170 financial instruments to trade, including forex pairs, indices, commodities, cryptocurrencies, stocks, futures, ETFs and options.
OctaFx vs SuperForex Trading Fees Comparison
OctaFx charges variable spreads from 0.2 pips on its ECN accounts and from 0.4 pips on its Micro account. There are no commissions on any account type. OctaFx also offers swap-free Islamic accounts for eligible clients.
SuperForex charges variable spreads from 0 pips on its ECN accounts and from 0.4 pips on its Standard account. There are commissions of $0.01 per lot on the ECN accounts and no commissions on the Standard account. SuperForex also offers swap-free Islamic accounts for eligible clients.
OctaFx vs SuperForex Account Types Comparison
OctaFx offers three account types: Micro, Pro and ECN. The Micro account requires a minimum deposit of $25 and offers leverage up to 1:500. The Pro account requires a minimum deposit of $100 and offers leverage up to 1:200. The ECN account requires a minimum deposit of $100 and offers leverage up to 1:500.
SuperForex offers four account types: Standard, Swap-Free, ECN Standard and ECN Swap-Free. The Standard account requires a minimum deposit of $1 and offers leverage up to 1:1000. The Swap-Free account requires a minimum deposit of $1 and offers leverage up to 1:1000 without swaps or rollover fees. The ECN Standard account requires a minimum deposit of $1000 and offers leverage up to 1:500 with low spreads and commissions. The ECN Swap-Free account requires a minimum deposit of $1000 and offers leverage up to 1:500 without swaps or rollover fees.
OctaFx vs SuperForex Deposit Options Comparison
OctaFx supports various payment methods for deposits and withdrawals, including credit/debit cards, Neteller, Skrill, crypto wallets and bank transfers. There are no deposit or withdrawal fees charged by OctaFx.
SuperForex supports various payment methods for deposits and withdrawals, including credit/debit cards, Neteller, Skrill, UnionPay, Perfect Money, local bank transfers, FasaPay, crypto wallets and more. There are no deposit or withdrawal fees charged by SuperForex.
OctaFx vs SuperForex Trading Platforms Comparison
OctaFx provides access to two popular trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are available as desktop, web and mobile versions. OctaFx also offers its own copy trading platform, where clients can follow and copy the trades of successful traders.
SuperForex provides access to one popular trading platform: MetaTrader 4 (MT4). The platform is available as desktop, web and mobile versions. SuperForex also offers its own copy trading service, where clients can follow and copy the trades of successful traders.
OctaFx vs SuperForex Analytical Tools Comparison
OctaFx and SuperForex both offers various analytical tools to help traders with their strategies, such as market insights, economic calendar, trading signals, market news and analysis, webinars and educational videos.
OctaFx vs SuperForex . Which forex broker is better? Which forex broker should you choose?
Both OctaFx and SuperForex are reputable and regulated brokers offering competitive trading conditions and a wide range of financial instruments. However, there are some differences between them that may suit different traders more. For example, OctaFx offers both MT4 and MT5 platforms, while SuperForex only offers MT4. OctaFx also has lower minimum deposit requirements and faster execution speed than SuperForex. On the other hand, SuperForex offers extremely low spreads and high leverage, as well as more payment methods and trading tools than OctaFx. Both brokers also offer attractive bonuses and promotions for new and existing customers. Therefore, the best forex broker for you may depend on your personal preferences and trading goals. You may want to consider factors such as regulation, fees, platform, assets, tools, customer service, and reputation when choosing a broker. You may also want to try their demo account or read some of the user reviews to better understand their performance and quality.
