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

DEGIRO is a European leading stock broker providing access to more than 50 stock exchanges around the world with low commissions per trade and a simple to use platform.

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.

• Investors from all experience levels looking to buy real shares, funds or ETFs for the long term
• Active traders that look to access the large variety of exchanges offered

• Traders looking for a high leverage off-shore broker
• New traders looking to experiment using MT4 & 5 with a no commission low-cost broker

• BaFin (Germany)
• AFM (Netherlands)

None

• No conflicts of interest between DEGIRO and its customers
• Virtually unlimited asset offering from 50 exchanges across the globe
• Low fees when compared to traditional banking alternatives

• High leverage offered due to no regulatory restrictions
• MetaTrader 4 & 5 platforms with their own copy trading integration
• Low minimum deposit

• Credit card deposits are not available
• Simplistic platforms with not many features
• Fees are expensive when compared to commission free brokers

• 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)

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• 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.

• Bank Transfer
• Paypal

• Visa
• Mastercard
• Maestro
• Skrill
• Neteller
• Bitcoin
• Ethereum
• USDT (Tether)
• Litecoin
• Dogecoin
• Bank Transfer

DEGIRO only provides services to citizens of Czech Republic, Spain, Ireland, Norway, Poland, Sweden, Denmark, Greece, Italy, Portugal, Switzerland, Germany, France, Netherlands, Finland and the United Kingdom. The rest of the countries worldwide are not able to use DEGIRO's services.

US, CA.

Yes and varies per asset and exchange, eg: If you were to purchase £2,000 worth of Apple shares at a price of $300 your total commission would have been £0.44.