FBS vs OctaFX

FBS
OctaFX

Compare FBS vs OctaFX Side by Side

Selecting between FBS vs OctaFX and would like to see who is better Broker for your trading strategy? We made a detailed comparison between FBS Review and OctaFX, compared safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details compared side by side.

Summary

FeatureFBSOctaFX
Website//www.fbs.com//www.octafx.com
Founded year20092011
HeadquarterBelize and CyprusSVG, Cyprus
LicensesAustralia, Cyprus, Belize, South AfricaSVG, Cyprus
Minimum Deposit1 US$100 US$
Trading PlatformsMT4, MT5, FBS trader, CopyTradeMT4, MT5, cTrader
Eurusd avg Spread0.9 pips0.5 pips

Licenses

FeatureFBSOctaFX
Licenses Countries Info (short)
  • ASIC
  • CySEC
  • FSCA
  • IFSC
  • CySEC
  • FSA

FBS vs OctaFX Brokers are both based and regulated in Cyprus and additionally holding offshore licenses. However, FBS is also backed-up by ASIC license that proves broker’s reliability and offers its services to Australian traders.

Broker Types

FeatureFBSOctaFX
Broker types
  • ECN
  • STP
  • NDD
  • ECN
  • STP
  • NDD

Both FBS vs OctaFX Brokers are STP/NDD/ECN Brokers making them equal. STP/NDD Brokers are better for price transparency, while ECN ones are offering high efficiency for automated trading and a variety of strategies suitable for both retail or institutional traders.

Trading Conditions

FeatureFBSOctaFX
Trading Conditions
  • beginners
  • low spread
  • high leverage
  • copy trade
  • hedging
  • scalping
  • social trading
  • beginners
  • low spread
  • auto
  • expert advisor
  • hedging
  • scalping

FBS vs OctaFX provide relatively similar trading conditions both being suitable for beginners and offering low spreads to its traders and giving them opportunities to use different trading strategies such as hedging and scalping. Also, they both offer either auto or copy trading options which allow to follow different strategies available through the community or in the market place.

Fees & Commissions

FeatureFBSOctaFX
Inactivity Feemonth0 $0 $
Deposit fee0 $0 $
Withdrawal fee0 $0 $
Rollover fee eurusd buy 1 lot-6.69-0.103
Rollover fee eurusd sell 1 lot0.24-0.064
Avg Eurusd standard acc1 pips0.5 pips
Gold1520
Brent oil4 pips2 pips
Bitcoin307.5

Trading costs for FBS vs OctaFX are very similar, as both brokers do not charge any inactivity and deposit/withdrawal fees, making them more attractive for traders. As to the spreads, OctaFX has a slight advantage here for offering lower spreads.

Account Types

FeatureFBSOctaFX
Account types
  • Standard Account
  • Cent Account
  • Swap Free Account
  • Standard Account
  • Micro Account
  • Islamic Account

Both FBS and OctaFX work through Standard Accounts. Also, traders following Sharia rules may sign for a SWAP Free Account or Islamic account, which allows traders to open long-term positions. This option is available for both FBS and OctaFX traders. Same with the Micro (for OctaFX) and Cent (for FBS) Accounts that are generally more suitable for the beginners due to their much lower requirements and risks involved.

Markets & Instruments

FeatureFBSOctaFX
Forex4332
Indices1110
Commodities195
Cryptocurrencies55
Shares39
Bonds
Options
Binary options
Spread betting
Treasuries
Futures
Etfs

Trading instruments offered by both FBS vs OctaFX are quite limited, which make them similar. The number of the assets offered is also small for both brokers. The only advantage is probably that FBS also have Shares in its portfolio.

Trading Platforms

FeatureFBSOctaFX
Platforms
  • own platform
  • MetaTrader 4
  • MetaTrader 5
  • own platform
  • MetaTrader 4
  • MetaTrader 5
  • cTraders

Both Brokers offering good choice of platform including proprietary Trading Platform and popular MT4, MT5. FBS has a CopyTrade App which is a highly rewarded and regarded social trading platform, while OctaFX uses advanced and very powerful capabilities of cTrader platform.

Deposit & Withdrawal Methods

FeatureFBSOctaFX
Payment methods
  • credit card
  • debit card
  • neteller
  • skrill
  • bitcoin
  • credit card
  • debit card
  • neteller
  • skrill

FBS vs OctaFX deposit methods are similar, range of supported methods are alike. The only difference and we should say an advantage to OctaFX for having a Bitcoin payment method (however, only for its international entity).

Others

FeatureFBSOctaFX
Others
  • Webinar
  • Video Tutorial
  • telephone
  • live chat
  • 24/7 availability
  • telephone
  • live chat
  • 24/5 availability

Both FBS vs OctaFX brokers placed their orientation on good support and guidance , you will find their Customer Support available 24-hours and accessible either through live chat, international phone lines, email. As to the education materials, FBS education is quite sustainable and well organized, also you will find other good tools including research and analysis, while there is no education center or any learning materials about the trading process offered by OctaFX.

Conclusion on FBS vs Pepperstone

Concluding FBS vs OctaFX comparison we found both brokers deliver reliable trading solutions. The offers of these brokers are quite similar, providing similar trading conditions and fees, a very similar set of the account types and payment methods. However, FBS has a stronger regulatory background and a better education giving an advantage to its trades and to the broker itself. Here is our final recommendation:

  • FBS – 🥇Best Cent Account Broker for offering a perfect option with lower requirements and risks involved.
  • OctaFX🥇Best Auto Trading Broker offering automated trading useful capabilities for either beginning or professional trading.