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Title OctaFX VS eToro

Best trading broker comparisons. We compared OctaFX VS eToro to see what key differences we could find.

Our goal was to create a side by side comparison of the approved brokers on wecomparebrokers to give you an at-a-glance overview of their features, broker details and fees. Our broker reviews and comparisons done by us testing accounts with real money and from the traders view point. You can also use our broker finder to look for a broker specific to your requirements.

Below is a comparison between OctaFX VS eToro

In our testing, we used our trading accounts and ranked various points that we liked, did not like or were indifferent to. We tried to be objective and be fair minded when evaluating certain characteristics, based on what features the broker had to offer in compared with how competitive their fees are. Additionally, we have created our own unique rating system which use for judging all brokers in our side-by-side broker comparisons.

Rating
OctaFX Review
Rating
eToro Review

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:

YES

Regulated?

First broker:

YES

Second broker:

YES

Primary Regulator

First broker:

CySEC

Second broker:

CySEC

Minimum Deposit

First broker:

$5

Second broker:

$200

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:

1:30

Currency Pairs Offered

First broker:

28

Second broker:

47

General Average Rating - 3 scale

First broker:

2,10

Second broker:

1,68

Background

Value

Score

Value

Score

Year Founded

First broker:

2011

2,5

Second broker:

2007

3,0

Headquarters location + Offices

First broker:

St. Vincent & Grenadines

1,5

Second broker:

Cyprus, Israel, UK

2,0

Publicly traded?

First broker:

No

1,5

Second broker:

Private

1,5

Size Measure

First broker:

100 countries, 300,000 accts

2,0

Second broker:

Over 5 million accts

3,0

Summary Score

First broker:

1,88

Second broker:

2,38

Regulatory Compliance

Value

Score

Value

Score

Regulated or unregulated?

First broker:

YES

3,0

Second broker:

YES

3,0

Primary regulator

First broker:

CySEC

2,0

Second broker:

CySEC

2,0

Multiple compliance

First broker:

St. Vincent

2,0

Second broker:

FCA, ASIC, ESMA

3,0

Safety of Deposits

First broker:

Safe if EU, segregated accts

2,0

Second broker:

Offshore, No crypto protect

1,5

Summary Score

First broker:

2,25

Second broker:

2,38

Fees & Charges

Value

Score

Value

Score

Commissions, Fees & Charges

First broker:

Low fees and spreads

2,5

Second broker:

Spreads can widen

1,5

General

First broker:

Spreads vary by acct type

2,0

Second broker:

Overnight and weekend apply

1,5

Spreads

First broker:

Very competitive

2,0

Second broker:

High on average

1,5

Summary Score

First broker:

2,33

Second broker:

1,33

Investment Products

Value

Score

Value

Score

Stocks - Breadth

First broker:

Average to low

1,0

Second broker:

Medium

1,5

Forex - Breadth

First broker:

Below Average - 28 pairs

2,0

Second broker:

47 pairs

2,5

Other: Comm, Crypto, Spread, CFD?

First broker:

Comm, Crypto, CFD

2,0

Second broker:

Primary CFD, cryptos

2,0

Summary Score

First broker:

1,67

Second broker:

2,0

Platform experience

Value

Score

Value

Score

MT4 or equivalant

First broker:

MT4

3,0

Second broker:

None, only proprietary

1,0

Proprietary options

First broker:

cTrader to access Interbank

2,5

Second broker:

Single platform

1,5

Special Advanced?

First broker:

MT5 for other markets

2,0

Second broker:

No streaming news

1,0

Summary Score

First broker:

2,50

Second broker:

1,17

Special Features

Value

Score

Value

Score

Feature A

First broker:

STP ECN connected

2,5

Second broker:

Heavy focus on social trading

2,5

Feature B

First broker:

Copy trading

2,5

Second broker:

No volume discounts

1,5

Feature C

First broker:

Low slippage rates

2,0

Second broker:

Loss protect only at high level

1,0

Summary Score

First broker:

2,33

Second broker:

1,67

Research Tools/Guidance

Value

Score

Value

Score

Financial Commentary

First broker:

Daily forecast

2,5

Second broker:

Minimal

1,0

Technical Anlaysis

First broker:

Occasional in commentary

2,5

Second broker:

Minimal

1,0

Other Guidance

First broker:

Basic tools

2,0

Second broker:

Social Trading

2,5

Summary Score

First broker:

2,17

Second broker:

1,50

Education Support

Value

Score

Value

Score

Basic Library

First broker:

Average

2,0

Second broker:

Basic Minimal

1,0

Webinars/Support

First broker:

Videos, manuals

2,0

Second broker:

Some access

1,5

General

First broker:

73% loss rate on CFDs

1,5

Second broker:

76% loss rate on CFDs

1,5

Summary Score

First broker:

1,83

Second broker:

1,33

Customer Support

Value

Score

Value

Score

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

Value

Score

Value

Score

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

General Average Rating - 3 scale

General Average Rating - 3 scale

First broker:

2,10

Second broker:

1,68