FxPro vs OctaFX
Compare FxPro vs OctaFX Side by Side
Selecting between FxPro vs OctaFX and would like to see who is better Broker for your trading strategy? We made a detailed comparison between FxPro 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
| Feature | FxPro | OctaFX |
|---|---|---|
| Website | //www.fxpro.com | //www.octafx.com |
| Founded year | 2006 | 2011 |
| Headquarter | UK | SVG, Cyprus |
| Licenses | UK, Cyprus, South Africa, Bahamas, Mauritius | CySEC, SVG FSA |
| Minimum Deposit | 100 US$ | US$ 25 |
| Trading Platforms | MT4, MT5, cTrader, FxPro Edge | MT4, MT5, OctaTrader |
| Eurusd avg Spread | 0.9 pips | 0.5 pips |
Licenses
| Feature | FxPro | OctaFX |
|---|---|---|
| Licenses Countries Info (short) |
|
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FxPro vs OctaFX Brokers are both licensed by the top-tier EU regulators, and additionally both hold offshore licenses.
Broker Types
| Feature | FxPro | OctaFX |
|---|---|---|
| Broker types |
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Both FxPro 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
| Feature | FxPro | OctaFX |
|---|---|---|
| Trading Conditions |
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FxPro 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. However, OctaFx also offers auto trading and expert advisor, making the proposal more suitable for beginner traders.
Fees & Commissions
| Fees & Commissions | FxPro | OctaFX |
|---|---|---|
| Inactivity Feemonth | 15 $ | 0 $ |
| Deposit fee | 0 $ | 0 $ |
| Withdrawal fee | 0 $ | 0 $ |
| Rollover fee eurusd buy 1 lot | -4.8665 | -0.103 |
| Rollover fee eurusd sell 1 lot | 0.7254 | -0.064 |
| Avg Eurusd standard acc | 0.9 pips | 0.5 pips |
| Gold | 1619 | 20 |
| Brent oil | 88 | 2 pips |
| Bitcoin | 20155 | 7.5 |
Trading costs offered by OctaFx seem to be better than those FxPro has. OctaFx spreads are mush lower, also, OctaFx does not charge any fees, while FxPro has an inactivity fee.
Account Types
| Feature | FxPro | OctaFX |
|---|---|---|
| Account types |
|
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Both FxPro and OctaFX work through Standard Accounts. Also, both brokers have SWAP Free Account (Islamic Account) and Mirco Account available. SWAP Free Account or Islamic account allows traders to open long-term positions, while Micro Accounts are generally more suitable for the beginners due to their much lower requirements and risks involved.
Markets & Instruments
| Markets & Instruments | FxPro | OctaFX |
|---|---|---|
| Forex | 70 | 32 |
| Indices | 19 | 10 |
| Commodities | 7 | 5 |
| Cryptocurrencies | 4 | 5 |
| Shares | 134 | ❌ |
| Bonds | ❌ | ❌ |
| Options | ❌ | ❌ |
| Binary options | ❌ | ❌ |
| Spread betting | ✔️ | ❌ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | ❌ |
| Etfs | ❌ | ❌ |
Trading instruments offered by both FxPro 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 FxPro also have Shares in its portfolio.
Trading Platforms
| Feature | FxPro | OctaFX |
|---|---|---|
| Platforms |
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Both Brokers offering good choice of platform including proprietary Trading Platform and popular MT4, MT5. FxPro vs OctaFX both use advanced and very powerful capabilities of cTrader platform.
Deposit & Withdrawal Methods
| Feature | FxPro | OctaFX |
|---|---|---|
| Payment methods |
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FxPro vs OctaFX deposit methods are similar, range of supported methods are alike. Both brokers provide bank transfer, credit/debit cards, e-wallets payment options and fast payment execution.
Others
| Feature | FxPro | OctaFX |
|---|---|---|
| Others |
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Both FxPro 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, FxPro 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 OctaFX vs FxPro
Concluding FxPro 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, the advantage goes to OctaFX for offering lower fees, variety of trading conditions and auto option trading. Here is our final recommendation:
- FxPro – 🥇Best cTrader Broker for offering seamless and feature0rich experience.
- OctaFX– 🥇Best Auto Trading Broker offering automated trading useful capabilities for either beginning or professional trading.
