Home page -> Comparison -> OctaFX vs Plus 500 | Broker Comparison

Title OctaFX vs Plus 500 | Broker Comparison

Best trading broker comparisons. We compared OctaFX VS Plus 500 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 Plus 500

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.

Basic Information

Year Founded

First broker:

2011

Second broker:

2008

Headquarters Location

First broker:

St. Vincent & Grenadines

Second broker:

Israel + 5 global subs

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:

FCA

Minimum Deposit

First broker:

$5

Second broker:

$100

Fixed Spreads?

First broker:

YES

Second broker:

YES

Trading Type

First broker:

ECN, STP

Second broker:

No Dealing Desk

Commissions on Trades

First broker:

NO

Second broker:

No Dealing Desk

CFD Loss Rate

First broker:

73% loss rate on CFDs

Second broker:

76.4% of retail accounts lose money

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:

1,95

Customer Support

Value

Score

Value

Score

Live Chat, Web, Tele, Offices

First broker:

YES

3,0

Second broker:

Live Chat and Email, no tele

2,0

Responsiveness

First broker:

96% customer satisfaction

2,5

Second broker:

Better than Average

2,5

FAQs? Quality?

First broker:

Below Average

1,5

Second broker:

Adequate + 32 languages

2,0

Summary Score

First broker:

2,33

Second broker:

2,17

General Pros & Cons

Value

Score

Value

Score

Pro #1

First broker:

STP ECN broker, NDD

2,5

Second broker:

Low fees and spreads

2,5

Pro #2

First broker:

Received many awards

2,5

Second broker:

Over 2,000 items offered

2,0

Pro #3

First broker:

Low fees

2,5

Second broker:

Options offered

2,0

Con #1

First broker:

Poor asset coverage

1,0

Second broker:

Inflexible trading platform

1,5

Con #2

First broker:

cTrader platform limited

1,0

Second broker:

Limited research

1,0

Con #3

First broker:

Security needs upgrade

1,0

Second broker:

Limited education materials

1,0

Summary Score

First broker:

1,75

Second broker:

1,67

Broker links