CMC Markets Vs. OctaFX - Compare Trustworthiness, Capabilities, Fees and Legitimacy


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Overview
CMC Markets is a global broker headquartered in the U.K that holds 6 high value financial licenses and offers CFD trading on stocks, etfs, commodities, currencies, bonds and cryptocurrencies.	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
Professional high volume traders looking to offset the cost of commissions through larger trades Intermediate and professional traders looking for a professional custom platform with customisable layouts	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 5 Other Licenses 0 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
ASIC (Australia) FCA (UK) IIROC (Canada) MAS (Singapore) BaFin (Germany)	None
The Good
Comprehensive asset offering with more than 12,000+ tradable assets and the possibility to add data connections to exchanges to add more Powerful professional platform with customisable layouts and integrated reuters feed	High leverage offered due to no regulatory restrictions MetaTrader 4 & 5 platforms with their own copy trading integration Low minimum deposit
The Bad
High commissions on stocks and ETFs Platform is not beginner friendly	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
1989	2011
💳 Minimum Deposit Range
0	$25
💰 Payment Methods
Visa Mastercard Bank Transfer Paypal	Visa Mastercard Maestro Skrill Neteller Bitcoin Ethereum USDT (Tether) Litecoin Dogecoin Bank Transfer
💵 Account Base Currencies
10 - AUD, GBP, CAD, EUR, NZD, NOK, PLN, SGD, SEK, USD.	2 - EUR, USD.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, JP, SY, ZA, IR.	US, CA.
📊 STP Account
No	Yes
📊 DMA Account
Yes	No
📊 ECN Account
Yes	Yes
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
11,885	80
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
10,169	0
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
330	35
📗 Commodities
0	0
📗 Commodities CFDs
124	5
📕 Indices
0	0
📕 Indices CFDs
95	10
📔 ETFs
0	0
📔 ETFs CFDs
1,084	0
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
18	30
📒 Bonds
0	0
📒 Bonds CFDs
55	0
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
10	0
Trading Experience
📈 Minimum Stock Trade Size
1 Share	Unavailable
📉 Minimum ETFs Trade Size
1 ETF	Unavailable
📈 Minimum Crypto Trade Size
Variable (eg: 1 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 Contract	$1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
1 Contract	Unavailable
📈 Minimum Futures Trade Size
1 Contract	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
30	500
💪 Professional Leverage
500	Unavailable
✍ Customisable Leverage
No	Yes
🎲 Deleveraged Trading
No	Yes
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
No	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
Yes	No
🔨 Trailing Stop-loss
Yes	Yes
Fees
💰 Inactivity Fee
After 12 months of inactivity, CMC Markets charges a £10 inactivity fee.	None
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	None
💰 Commissions
Yes and they vary per share exchange location. For U.S shares, there is a minimum $10 in-and-out commission.	None
Spreads
📈 EUR/USD
Dynamic - From 0.7 Pips	Dynamic - From 0.6 Pips
📉 SP500
From 60 Pips	Dynamic - From 20 Pips
📈 GOLD
From 30 Pips	Dynamic - From 180 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread	Unavailable
📈 XLK (ETF - CFD)
Dynamic - Market Spread	Unavailable
📉 BTC
Unavailable	Dynamic - From $57
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
Yes	No
📡 Reuters Feed
Yes	No
📡 Educational Content
Yes	No
📡 Live Chat Support
Yes	No
📡 Video Tutorials
Yes	No
📡 Account Management
No	No
📡 Webinars
Yes	No