OctaFX vs eToro USA | Broker Comparison
Basic Information
Year Founded
First broker:
2011
Second broker:
2007
Headquarters Location
First broker:
St. Vincent & Grenadines
Second broker:
Cyprus, Israel, UK
Publicly Traded (Entity or Parent)
First broker:
YES
Second broker:
No
Regulated?
First broker:
YES
Second broker:
YES
Primary Regulator
First broker:
CySEC
Second broker:
CySEC
Minimum Deposit
First broker:
$5
Second broker:
$50
Fixed Spreads?
First broker:
YES
Second broker:
NO
Trading Type
First broker:
ECN, STP
Second broker:
Market Maker, NDD, STP
Commissions on Trades
First broker:
NO
Second broker:
YES
CFD Loss Rate
First broker:
73% loss rate on CFDs
Second broker:
76% loss rate on CFDs
Maximum Leverage
First broker:
1:500
Second broker:
1:1
Currency Pairs Offered
First broker:
28
Second broker:
47
General Average Rating - 3 scale
First broker:
2,10
Second broker:
1,68
Customer Support
Live Chat, Web, Tele, Offices
First broker:
YES
3,0
Second broker:
No Live Chat, ticket system
1,0
Responsiveness
First broker:
96% customer satisfaction
2,5
Second broker:
Average
1,5
FAQs? Quality?
First broker:
Below Average
1,5
Second broker:
Sufficient
2,0
Summary Score
First broker:
2,33
Second broker:
1,50
General Pros & Cons
Pro #1
First broker:
STP ECN broker, NDD
2,5
Second broker:
Pioneer in social trading
2,5
Pro #2
First broker:
Received many awards
2,5
Second broker:
Good charting tools
2,0
Pro #3
First broker:
Low fees
2,5
Second broker:
Broad crypto coverage
2,0
Con #1
First broker:
Poor asset coverage
1,0
Second broker:
Poor education area
1,0
Con #2
First broker:
cTrader platform limited
1,0
Second broker:
Poor cust service access
1,0
Con #3
First broker:
Security needs upgrade
1,0
Second broker:
Designed for low skill traders
1,0
Summary Score
First broker:
1,75
Second broker:
1,58
Broker links