AAATrade
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69.23% of retail CFD accounts lose money.

Vs.

OctaFX
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AAATrade Vs. OctaFX - Compare Trustworthiness, Capabilities, Fees and Legitimacy

Updated Oct 20 2022

Visit

69.23% of retail CFD accounts lose money.

Visit

Your capital is at risk.

Overview

AAATrade is a Cyprus based broker established in 2013, that offers a variety of financial instruments including contracts for difference (CFDs), forex, stock, commodities, cryptocurrencies and others.

OctaFX is an international FX broker operating as an incorporated company from St. Vincent and the Grenadines specialising in currencies trading via MetaTrader 4 & 5.

Best For
  • Beginner traders looking for a simple web and mobile platform to get started
  • Passive investors looking for real equity
  • Traders looking for a high leverage off-shore broker
  • New traders looking to experiment using MT4 & 5 with a no commission low-cost broker
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

0

Other Licenses

1

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Unregulated

Top-tier Licenses

0

Other Licenses

0

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)

None

The Good
  • Simple and friendly proprietary trading platform
  • Intuitive overview of account analytics
  • Wide variety of CFDs and real equities
  • High leverage offered due to no regulatory restrictions
  • MetaTrader 4 & 5 platforms with their own copy trading integration
  • Low minimum deposit
The Bad
  • Above-average FX spreads
  • High fees (depending on the deposit / withdrawal methods)
  • High deposit requirements for advanced services ($25,000 , $100,000)
  • Despite having financial licenses, OctaFX does not operate using them, meaning that they are an unregulated broker.
  • Their asset offering is extremely limited (80 instruments)
Status
Operational Operational
Recent News

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

Key Data
⌛ Account Opening Time
1 day 1 day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

📍 Year Founded
2013 2011
💳 Minimum Deposit Range
$500 $25
💰 Payment Methods
  • Credit Card
  • Debit Card
  • Wire Transfer
  • Skrill
  • Neteller
  • FasaPay
  • UnionPay
  • Giropay
  • QIWI
  • Cryptocurrencies
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • Neteller
  • Bitcoin
  • Ethereum
  • USDT (Tether)
  • Litecoin
  • Dogecoin
  • Bank Transfer
💵 Account Base Currencies
3 - EUR, USD, GBP. 2 - EUR, USD.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

US, AS, AI, BB, FJ, GU, PW, PA, WS, SC, TT, VU, AL, BS, BW, KH, GH, JM, MU, MM, NI, PK, UG, SY, YE, ZW, IR, KR, AF, IQ, MN.

US, CA.

📊 STP Account
Yes Yes
📊 DMA Account
Yes No
📊 ECN Account
No Yes
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs CFDs
Total Asset Offering
2,162 80
Exchange Access
25 0
📙 Real Stocks
1,000 0
📙 Stock CFDs
1,000 0
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
80 35
📗 Commodities
0 0
📗 Commodities CFDs
4 5
📕 Indices
0 0
📕 Indices CFDs
12 10
📔 ETFs
0 0
📔 ETFs CFDs
5 0
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
50 30
📒 Bonds
0 0
📒 Bonds CFDs
4 0
📓 Options
0 0
📓 Options CFDs
0 0
📗 Futures
0 0
📗 Futures CFDs
7 0
Trading Experience
📈 Minimum Stock Trade Size
1 share Unavailable
📉 Minimum ETFs Trade Size
1 ETF Unavailable
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (Eg: 0.01 BTC) $1,000 (0.01 Lots)
📉 Minimum FX Trade Size
$1,000 (0.01 lots) $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
$1,000 (0.01 lots) $1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
100 units Unavailable
📈 Minimum Futures Trade Size
$1,000 (0.01 lots) Unavailable
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
30 500
💪 Professional Leverage
500 Unavailable
✍ Customisable Leverage
Yes Yes
🎲 Deleveraged Trading
Yes Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
No Yes
📺 MetaTrader 5
Yes Yes
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes No
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No Yes
👫 Social Trading
No Yes
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
No Yes
Fees
💰 Inactivity Fee

€15 after 3 months of inactivity.

None
💰 Deposit Fees

From 0.2% for cryptocurrency, credit and debit cards up to 5% for alternative payments. Direct wire transfers have a fee of €10.

None
💰 Withdrawal Fees

Wire transfers have a €10 fee.

None
💰 Commissions
  • No commissions on novice accounts.
  • Commission free trading for stock ETFs on Experienced accounts
  • FX commissions are $4-$8 per lot depending whether the pair is major, minor or exotic.
None
Spreads
📈 EUR/USD
Dynamic - From 2 Pips Dynamic - From 0.6 Pips
📉 SP500
Dynamic - From 50 Pips Dynamic - From 20 Pips
📈 GOLD
Dynamic - From 95 Pips Dynamic - From 180 Pips
📉 TSLA (Stock CFD)
Dynamic - From $0.21 Unavailable
📈 XLK (ETF - CFD)
Dynamic - From $0.01 Unavailable
📉 BTC
Dynamic - From $511 Dynamic - From $57
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
Yes No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
No No
📡 Educational Content
Yes No
📡 Live Chat Support
No No
📡 Video Tutorials
No No
📡 Account Management
Yes No
📡 Webinars
No No