Markets.com
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68% of retail CFD accounts lose money.

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OctaFX
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Markets.com Vs. OctaFX - Compare and Choose the Right One

Updated May 26 2022

Visit

68% of retail CFD accounts lose money.

Visit

Your capital is at risk.

Overview

Markets.com is an international broker that offers share dealing and CFD trading accounts through their own proprietary platform or MT4 and MT5.

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
  • Passive investors looking for share dealing services with the intent to hold shares over long perios of time
  • High volume CFD traders looking for exposure to several markets using their platform, MT4 or MT5
  • 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

2

Other Licenses

2

Provided by
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Financial
Licenses

Regulation

Unregulated

Top-tier Licenses

0

Other Licenses

0

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • FCA (UK)
  • ASIC (Australia)
  • FSCA (South Africa)
  • Not regulated, Registered in St. Vincent and the Grenadines under IBC 19776.
The Good
  • Clear separation between investors and Traders by offering share dealing accounts and CFD trading accounts
  • Wide range of platforms (Proprietary, MT4, MT5)
  • Wide range of stocks and stock CFDs
  • High leverage offered due to no regulatory restrictions
  • MetaTrader 4 & 5 platforms with their own copy trading integration
  • Low minimum deposit
The Bad
  • Minimum trade sizes larger than average
  • Spreads above average
  • 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
N/A N/A
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
$, €, £ - 100 $25
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Paypal
  • Skrill
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • Neteller
  • Bitcoin
  • Ethereum
  • USDT (Tether)
  • Litecoin
  • Dogecoin
  • Bank Transfer
💵 Account Base Currencies
11 - USD, EUR, GBP, PLN, SEK, DKK, NOK, ZAR, CZK, CHF, AUD. 2 - EUR, USD.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, JP, CA, BE. US, CA.
📊 STP Account
No Yes
📊 DMA Account
No No
📊 ECN Account
No Yes
Assets
📚 Available Assets
  • Real stocks and ETFs
  • CFDs on stocks, ETFs, currencies, commodities, cryptocurrencies, indices and bonds

CFDs on currencies, commodities, indices and cryptocurrencies.

📙 Stocks
2,008 CFDs / 7,008 Real Stocks N/A
📘 Currency Pairs
67 35
📗 Commodities
28 5
📕 Indices
40 10
📔 ETFs
66 N/A
💸 Cryptocurrencies
25 30
📒 Bonds
4 N/A
📓 Options
NA N/A
📗 Futures
NA N/A
📝 Notes:

Markets.com also offers share dealing account with real stocks from 16 exchanges worldwide.

All of OctaFX’s assets are CFDs.

Trading Experience
📈 Minimum Stock Trade Size
1 Stock N/A
📉 Minimum ETFs Trade Size
1 ETF N/A
📈 Minimum Crypto Trade Size
Varies by Crypto (Eg: 0.01 BTC) $1,000 (0.01 Lots)
📉 Minimum FX Trade Size
$1,000 $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Varies by Commoditty (Eg: 1 Gold Contract) $1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
Varies by Bond (Eg: 10 GER10Y Bond contracts) N/A
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
N/A N/A
💪 Retail Leverage
Up to 1:30 Up to 1:500
💪 Professional Leverage
Up to 1:300 N/A
✍ Customisable Leverage
No Yes
🎲 Deleveraged Trading
Yes Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes No
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes Yes
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes 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
Yes, $10 each month after 3 months of inactivity No
💰 Deposit Fees
No No
💰 Withdrawal Fees
No No
💰 Commissions
No comissions on CFDs. For share dealing, the first 3 months are commission free, then the structure is:
  • EU Shares = 0.1% (min €10)
  • UK Shares = 0.1% (min £8)
  • US Shares = 2c (min $15)
  • AU Shares = 0.1% (min A$10)
No
Spreads
📈 EUR/USD
Dynamic - From 0.7 Pips Dynamic - From 0.6 Pips
📉 SP500
Dynamic - From 100 Pips Dynamic - From 20 Pips
📈 GOLD
Dynamic - From 50 Pips Dynamic - From 180 Pips
📉 TSLA (Stock CFD)
Dynamic - From $1.81 N/A
📈 XLK (ETF - CFD)
Dynamic - From $0.31 N/A
📉 BTC
Dynamic - From $104.10 Dynamic - From $57
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No, but Investment Strategy Builder is offered No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No No
📡 Reuters Feed
No No

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