OctaFX Vs. Freedom Finance - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit Your capital is at risk.	Visit Your capital is at 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.	Freedom Finance is an equities broker founded in 2008 belonging to the parent group Freedom Holding Corp (a publicly traded company on NASDAQ exchange). Their specialty is providing access to more than 1 million stocks, ETFs, bonds, futures and options worldwide along with IPOs.
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	Real equities traders looking to day-trade stocks, options, futures and ETFs Long term investors looking to build a stocks or ETFs portfolio Experienced investors that know which assets they are looking for
Licenses
Financial Licenses Regulation Unregulated Top-tier Licenses 0 Other Licenses 0 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 2 Other Licenses 1 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
None	CySec (Cyprus) BaFin (Germany) SEC (United States)
The Good
High leverage offered due to no regulatory restrictions MetaTrader 4 & 5 platforms with their own copy trading integration Low minimum deposit	Over 1,500,000+ assets from several exchanges worldwide All assets are real equities (they do not provide CFDs) InvestIdeas section with great analysis on several high potential stocks 3% per year in their savings D-account (Daily interest accrual)
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)	The use of SMS codes for authentication of basic operations can be an issue for frequent international travellers Freedom Finance does not offers currencies, cryptocurrencies or spot commodities No stock screener or tools to research and analyse stocks efficiently
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	2008
💳 Minimum Deposit Range
$25	0
💰 Payment Methods
Visa Mastercard Maestro Skrill Neteller Bitcoin Ethereum USDT (Tether) Litecoin Dogecoin Bank Transfer	Visa Mastercard Bank Transfers
💵 Account Base Currencies
2 - EUR, USD.	3 - EUR, USD, GBP.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA.	SY, IR.
📊 STP Account
Yes	No
📊 DMA Account
No	Yes
📊 ECN Account
Yes	No
Banking License
No	Yes
Debit Card
No	No
Assets
📚 Assets Type
CFDs	Equities
Total Asset Offering
80	1,411,284
Exchange Access
0	0
📙 Real Stocks
0	58,571
📙 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	1,500
📔 ETFs CFDs
0	0
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
30	0
📒 Bonds
0	191,959
📒 Bonds CFDs
0	0
📓 Options
0	1,153,234
📓 Options CFDs
0	0
📗 Futures
0	6,020
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
Unavailable	1 Share
📉 Minimum ETFs Trade Size
Unavailable	1 ETF
📈 Minimum Crypto Trade Size
$1,000 (0.01 Lots)	Unavailable
📉 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	1 Contract
📈 Minimum Futures Trade Size
Unavailable	1 Contract
📉 Minimum Options Trade Size
Unavailable	1 Contract
💪 Retail Leverage
500	3
💪 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	Yes, 7€ for bank transfers.
💰 Withdrawal Fees
None	Yes, up to 2.5% for credit / debit cards.
💰 Commissions
None	Yes and the vary per account: In their all inclusive USD account they charge, 0.5% + $0.012 per share with a minimum of $1.2 per trade $0.65 per USA stock options contract 12% for margin lending In their Smart in EUR account they charge, 0.02€ per share with a minimum of 2€ per trade $0.65 per USA stock options contract 12% for margin lending €0.05 for each SMS notification In their Fix in EUR account, they charge, 10€ Monthly account fee 0.012€ per share with a minimum of 1.2€ per trade $0.65 per USA stock options contract 12% for margin lending €0.03 for each SMS notification
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	Dynamic - Market Spread
📈 XLK (ETF - CFD)
Unavailable	Dynamic - Market Spread
📉 BTC
Dynamic - From $57	Unavailable
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
No	No
📡 Reuters Feed
No	No
📡 Educational Content
No	No
📡 Live Chat Support
No	No
📡 Video Tutorials
No	No
📡 Account Management
No	No
📡 Webinars
No	No