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Exness vs OctaFX
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Updated:
Compare Exness vs OctaFX Side by Side
Choosing between Exness vs OctaFX to determine which Broker better suits your trading needs? We made a detailed comparison between Exness Review and OctaFX Review, compared safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details compared side by side.
Summary
| Feature | Exness | OctaFX |
|---|---|---|
| Website | //www.exness.com | //www.octafx.com |
| Founded year | 2008 | 2011 |
| Headquarter | Cyprus | SVG, Cyprus |
| Licenses | FCA, CMA, CySEC, SFSA, CBCS, FSC BVI, FSC Muritius, FSCA | CySEC, SVG FSA |
| Minimum Deposit | USD$ 10 | US$ 25 |
| Trading Platforms | MT4, MT5, Exness Terminal, Exness Trading App | MT4, MT5, OctaTrader |
| Eurusd avg Spread | 1.2 pips | 0.5 pips |
Licenses
| Feature | Exness | OctaFX |
|---|---|---|
| Licenses Countries Info (short) |
|
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Both Exness vs OctaFX have a solid reputation, but Exness gains an edge with its multiple regulatory affiliations, including the reputable FCA, recognized for its stringent guidelines and strong client protection measures. On the other hand, OctaFX is under the oversight of CySEC, which, while slightly more lenient in its framework, remains reputable.
Broker Types
| Feature | Exness | OctaFX |
|---|---|---|
| Broker types |
|
|
Both Exness vs OctaFX brokers, operating as STP Brokers, have carved a niche for themselves in the competitive trading arena. Their emphasis on swift and efficient order execution has earned them accolades and trust from their clientele.
Trading Conditions
| Feature | Exness | OctaFX |
|---|---|---|
| Trading Conditions |
|
|
Exness vs OctaFX are very similar in terms of conditions, they are both beginner-friendly brokers offering high leverage, tight spreads, automated trading, hedging, scalping, and social trading. Exness stands out with commission options, zero spreads, and robust copy trading. In contrast, OctaFX emphasizes low spreads and floating spread accounts, presenting competitive pricing alternatives. Both brokers support expert advisors and cater to traders with diverse preferences.
Fees & Commissions
| Fees & Commissions | Exness | OctaFX |
|---|---|---|
| Inactivity Feemonth | $0 | 0 $ |
| Deposit fee | $0 | 0 $ |
| Withdrawal fee | $0 | 0 $ |
| Rollover fee eurusd buy 1 lot | - | -0.103 |
| Rollover fee eurusd sell 1 lot | −0.65131 | -0.064 |
| Avg Eurusd standard acc | 1.2 pips | 0.5 pips |
| Gold | 0.3 | 20 |
| Brent oil | 4 pips | 2 pips |
| Bitcoin | 29 | 7.5 |
The trading expenses provided by OctaFX appear to be more favorable when compared to those offered by Exness. OctaFX offers significantly lower spreads, and it’s favorable in both Broker that neither of these brokers imposes commissions, so trading fees are rather good for both offerings
Account Types
| Feature | Exness | OctaFX |
|---|---|---|
| Account types |
|
|
Exness vs OctaFX offer similar account types that cater to various trading preferences. Both brokers provide “Standard Accounts” for versatile trading, and they offer “Swap Free Accounts” for traders seeking interest-free trading options. OctaFX goes further by offering a “Micro Account” for lower-volume trades and an “Islamic Account” compliant with Islamic finance principles. However, it’s important to note that Exness does not offer an Islamic account option among its account types.
Markets & Instruments
| Markets & Instruments | Exness | OctaFX |
|---|---|---|
| Forex | 100 | 32 |
| Indices | 10 | 10 |
| Commodities | 6 | 5 |
| Cryptocurrencies | 27 | 5 |
| Shares | ❌ | ❌ |
| Bonds | ❌ | ❌ |
| Options | ❌ | ❌ |
| Binary options | ❌ | ❌ |
| Spread betting | ❌ | ❌ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | ❌ |
| Etfs | ❌ | ❌ |
The range of trading instruments available from both Exness and OctaFX is relatively restricted, making them comparable in this regard. Additionally, both brokers provide a relatively small number of assets for trading.
Trading Platforms
| Feature | Exness | OctaFX |
|---|---|---|
| Platforms |
|
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Both Exness vs OctaFX offer a variety of trading platforms, including their proprietary platforms along with MetaTrader 4 and MetaTrader 5. Exness adds WebTrader to their platform options, while OctaFX offers the standard MetaTrader platforms.
Deposit & Withdrawal Methods
| Feature | Exness | OctaFX |
|---|---|---|
| Payment methods |
|
|
Exness vs OctaFX Deposit and withdrawal methods are similar with the main difference that OctaFX offers crypto deposits
Others
| Feature | Exness | OctaFX |
|---|---|---|
| Others |
|
|
Exness vs OctaFX both prioritize trader education and support, offering resources such as video tutorials to aid in skill development. Exness additionally provides telephone support, live chat, and round-the-clock availability, ensuring continuous assistance for traders.
On the other hand, OctaFX offers webinars as part of its educational offerings, along with video tutorials, telephone support, and live chat. Although OctaFX’s support is available five days a week, Exness maintains a 24/7 availability, enhancing accessibility for traders seeking immediate help.
Conclusion on OctaFX vs Exness
In conclusion of Exness vs OctaFX comparison review, both brokers are well-regulated brokers offering diverse account types and trading platforms. They emphasize trader education through tutorials and webinars. Both brokers provide comprehensive customer support, and OctaFX stands out with a distinct feature. Additionally, both brokers are known for offering tight spreads. Here is our final recommendation:
- Exness —
Best Zero Spread Broker characterized by low spreads and a transparent pricing model. - OctaFX — Best EA Trading Broker for robust automated strategy.
