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


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Overview
Exness is a Cypriot broker founded in 2008 that specialises on currencies trading via MT4 & 5 along with their proprietary Exness Trader 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.
Best For
Low volume traders looking to take advantage of their low sized account offerings Off-shore traders looking for high leverage factors High volume traders looking for their professional accounts (assuming they are satisfied with their available assets)	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 1 Other Licenses 6 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
FSA (Seychelles) CBCS (Curaçao) FSC (British Virgin Islands) FSC (Mauritius) FSCA (South Africa) CySec (Cyprus) FCA (UK)	None
The Good
Competitive spreads depending on the account type Low entry barrier for new traders No minimum deposit on standard accounts	High leverage offered due to no regulatory restrictions MetaTrader 4 & 5 platforms with their own copy trading integration Low minimum deposit
The Bad
Most Exness' the financial licenses are from off-shore locations Very low asset offering with less than 200 instruments Despite using TradingView charts, multi-charts layout or fullscreen are not possible	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
2008	2011
💳 Minimum Deposit Range
From 0 to $3,000	$25
💰 Payment Methods
Credit Card Debit Card Neteller Skrill USDT (Tether) Bank Transfer BTC (Bitcoin) Perfect Money SticPay USDC (USD Coin)	Visa Mastercard Maestro Skrill Neteller Bitcoin Ethereum USDT (Tether) Litecoin Dogecoin Bank Transfer
💵 Account Base Currencies
1 - USD	2 - EUR, USD.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA, SY, IR.	US, CA.
📊 STP Account
No	Yes
📊 DMA Account
No	No
📊 ECN Account
No	Yes
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
243	80
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
100	0
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
100	35
📗 Commodities
0	0
📗 Commodities CFDs
7	5
📕 Indices
0	0
📕 Indices CFDs
10	10
📔 ETFs
0	0
📔 ETFs CFDs
0	0
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
26	30
📒 Bonds
0	0
📒 Bonds CFDs
0	0
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
1 Share	Unavailable
📉 Minimum ETFs Trade Size
Unavailable	Unavailable
📈 Minimum Crypto Trade Size
0.01 Lots ($1,000)	$1,000 (0.01 Lots)
📉 Minimum FX Trade Size
0.01 Lots ($1,000)	$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
0.01 Lots ($1,000)	$1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
30	500
💪 Professional Leverage
2000	Unavailable
✍ Customisable Leverage
Yes	Yes
🎲 Deleveraged Trading
No	Yes
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
Yes	Yes
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	No
💻 Proprietary Platform
Yes	No
📊 Multi-chart Tools
No	Yes
👬 Copy Trading
No	Yes
👫 Social Trading
No	Yes
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
No	Yes
Fees
💰 Inactivity Fee
None	None
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	None
💰 Commissions
Commissions vary as follows: No comissions on Standard account No comissions on Standard Cent account $3.5 per lot side on Raw Spread account $0.2 per lot side on Zero account No commission on Pro account	None
Spreads
📈 EUR/USD
1 Pip	Dynamic - From 0.6 Pips
📉 SP500
From 200 pips	Dynamic - From 20 Pips
📈 GOLD
From 20 Pips	Dynamic - From 180 Pips
📉 TSLA (Stock CFD)
From $0.10	Unavailable
📈 XLK (ETF - CFD)
Unavailable	Unavailable
📉 BTC
From $20	Dynamic - From $57
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
Yes	No
📡 Reuters Feed
No	No
📡 Educational Content
No	No
📡 Live Chat Support
Yes	No
📡 Video Tutorials
No	No
📡 Account Management
No	No
📡 Webinars
No	No