Home page -> Comparison -> OctaFX vs FXTM | Broker Comparison

Title OctaFX vs FXTM | Broker Comparison

Best trading broker comparisons. We compared OctaFX VS FXTM 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 FXTM

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.
OctaFX Broker Review
Rating
Take Me To Broker Read Full Review
FXTM Broker Review
Rating
Take Me To Broker Read Full Review

Basic Information

Year Founded

First broker:

2011

Second broker:

2011

Headquarters Location

First broker:

St. Vincent & Grenadines

Second broker:

Limassol, Cyprus

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:

$10

Fixed Spreads?

First broker:

YES

Second broker:

NO

Trading Type

First broker:

ECN, STP

Second broker:

ECN, STP

Commissions on Trades

First broker:

NO

Second broker:

YES

CFD Loss Rate

First broker:

73% loss rate on CFDs

Second broker:

69% loss rate on CFDs

Maximum Leverage

First broker:

1:500

Second broker:

1:30

Currency Pairs Offered

First broker:

28

Second broker:

50+

General Average Rating - 3 scale

First broker:

2,10

Second broker:

2,13

Customer Support

Value

Score

Value

Score

Live Chat, Web, Tele, Offices

First broker:

YES

3,0

Second broker:

YES

3,0

Responsiveness

First broker:

96% customer satisfaction

2,5

Second broker:

Above average

2,5

FAQs? Quality?

First broker:

Below Average

1,5

Second broker:

Average

2,0

Summary Score

First broker:

2,33

Second broker:

2,50

General Pros & Cons

Value

Score

Value

Score

Pro #1

First broker:

STP ECN broker, NDD

2,5

Second broker:

Auto-trading platform

2,5

Pro #2

First broker:

Received many awards

2,5

Second broker:

Social/Copy trading

2,5

Pro #3

First broker:

Low fees

2,5

Second broker:

Low fees but confusing

2,0

Con #1

First broker:

Poor asset coverage

1,0

Second broker:

Low asset coverage

1,5

Con #2

First broker:

cTrader platform limited

1,0

Second broker:

Confusing options platforms

1,0

Con #3

First broker:

Security needs upgrade

1,0

Second broker:

No spread betting in UK

1,0

Summary Score

First broker:

1,75

Second broker:

1,75

Broker links

First broker: Take Me To Broker Read Full Review
Second broker: Take Me To Broker Read Full Review