OctaFX
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Vs.

Coinbase
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Investing in cryptocurrencies involves risk.

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

Updated Oct 20 2022

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Your capital is at risk.

Visit

Investing in cryptocurrencies involves risk.

Overview

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.

Coinbase is a cryptocurrency exchange and wallet founded in 2012 with the aim of simplifying cryptocurrency transactions for the average user. Through their mobile and web app they allow purchasing, storing, receiving and sending several real cryptocurrencies.

Best For
  • Traders looking for a high leverage off-shore broker
  • New traders looking to experiment using MT4 & 5 with a no commission low-cost broker
  • Inexperienced cryptocurrency investors
  • Long term cryptocurrency holders
  • Investors meeting the above two conditions and also satisfied with the cryptocurrency offering they provide
  • Seasoned investors and traders looking to explore the Coinbase Pro option for better pricing.
Licenses

Financial
Licenses

Regulation

Unregulated

Top-tier Licenses

0

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

None

None

The Good
  • High leverage offered due to no regulatory restrictions
  • MetaTrader 4 & 5 platforms with their own copy trading integration
  • Low minimum deposit
  • Extremely simple and friendly interfaces
  • Moderate variety of cryptocurrencies
  • Independent wallet application
  • Option to choose from standard Coinbase or Coinbase Pro
  • Coinbase debit card (for eligible countries) to spend and manage your cryptocurrencies
The Bad
  • 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)
  • Extremely high fees for cryptocurrency transactions (especially on standard app)
  • Low variety of cryptocurrencies to trade when compared to leading exchanges
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
2011 2012
💳 Minimum Deposit Range
$25 0
💰 Payment Methods
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • Neteller
  • Bitcoin
  • Ethereum
  • USDT (Tether)
  • Litecoin
  • Dogecoin
  • Bank Transfer
  • Visa
  • Mastercard
  • Bank Transfers
  • Paypal
💵 Account Base Currencies
2 - EUR, USD. All supported cryptocurrencies.
🗽 Available to U.S Citizens
No Yes
❌ Restricted Countries

US, CA.

None
📊 STP Account
Yes No
📊 DMA Account
No Yes
📊 ECN Account
Yes No
Banking License
No No
Debit Card
No Yes
Assets
📚 Assets Type
CFDs Equities
Total Asset Offering
80 110
Exchange Access
0 0
📙 Real Stocks
0 0
📙 Stock CFDs
0 0
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
35 0
📗 Commodities
0 0
📗 Commodities CFDs
5 0
📕 Indices
0 0
📕 Indices CFDs
10 0
📔 ETFs
0 0
📔 ETFs CFDs
0 0
💸 Cryptocurrencies
0 110
💸 Cryptocurrency CFDs
30 0
📒 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
Unavailable Unavailable
📉 Minimum ETFs Trade Size
Unavailable Unavailable
📈 Minimum Crypto Trade Size
$1,000 (0.01 Lots) $2
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) Unavailable
📈 Minimum Commodities Trade Size
$1,000 (0.01 Lots) Unavailable
📉 Minimum Bonds Trade Size
Unavailable Unavailable
📈 Minimum Futures Trade Size
Unavailable Unavailable
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
500 Unavailable
💪 Professional Leverage
Unavailable Unavailable
✍ Customisable Leverage
Yes No
🎲 Deleveraged Trading
Yes Yes
🎓 Demo Account
Yes No
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes No
📺 MetaTrader 5
Yes No
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
No Yes
📊 Multi-chart Tools
Yes No
👬 Copy Trading
Yes No
👫 Social Trading
Yes No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes No
Fees
💰 Inactivity Fee
None None
💰 Deposit Fees
None None
💰 Withdrawal Fees
None None
💰 Commissions
None

From 0.50% up to 2.0% of transaction value.

Spreads
📈 EUR/USD
Dynamic - From 0.6 Pips Unavailable
📉 SP500
Dynamic - From 20 Pips Unavailable
📈 GOLD
Dynamic - From 180 Pips Unavailable
📉 TSLA (Stock CFD)
Unavailable Unavailable
📈 XLK (ETF - CFD)
Unavailable Unavailable
📉 BTC
Dynamic - From $57 Dynamic - From 0.50% up to 2.0%
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes No
📜 Integrated Newsfeed
No Yes
📡 Reuters Feed
No No
📡 Educational Content
No Yes
📡 Live Chat Support
No No
📡 Video Tutorials
No Yes
📡 Account Management
No No
📡 Webinars
No No