OctaFX Vs. Plus500 - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit Your capital is at risk.	Visit 77% of retail CFD accounts lose money.
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.	Plus500 is an international broker specialised in CFD trading with a big range of assets including CFDs based on American options.
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	Intermediate traders looking to trade short term Experienced traders looking to speculate using CFDs based on options
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 3 Other Licenses 1 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
None	CySec (Cyprus) FCA (UK) ASIC (Australia) MAS (Singapore)
The Good
High leverage offered due to no regulatory restrictions MetaTrader 4 & 5 platforms with their own copy trading integration Low minimum deposit	CFDs on american options offered Low minimum trade sizes Propietary platform with multi-charting tools
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)	No ability to remove leverage All instruments are CFDs, you can't buy underlying assets (real stocks or cryptocurrencies)
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	$100
💰 Payment Methods
Visa Mastercard Maestro Skrill Neteller Bitcoin Ethereum USDT (Tether) Litecoin Dogecoin Bank Transfer	Visa Mastercard Bank Transfer Paypal Skrill
💵 Account Base Currencies
2 - EUR, USD.	16 - USD, GBP, EUR, CHF, AUD, JPY, PLN, HUF, CZK, CAD, TRY, SEK, NOK, SGD.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA.	US, CA, CU, SY, IR.
📊 STP Account
Yes	Yes
📊 DMA Account
No	No
📊 ECN Account
Yes	No
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
80	2,245
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
0	2,000
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
35	70
📗 Commodities
0	0
📗 Commodities CFDs
5	25
📕 Indices
0	0
📕 Indices CFDs
10	26
📔 ETFs
0	0
📔 ETFs CFDs
0	95
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
30	14
📒 Bonds
0	0
📒 Bonds CFDs
0	0
📓 Options
0	0
📓 Options CFDs
0	15
📗 Futures
0	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
Unavailable	Variable - Fractions Allowed
📉 Minimum ETFs Trade Size
Unavailable	Variable - Fractions Allowed
📈 Minimum Crypto Trade Size
$1,000 (0.01 Lots)	Varies by Crypto (Eg: 0.001 BTC)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
$1,000 (0.01 Lots)	Varies by Commoditty (Eg: 0.2 Troy ounces of Gold)
📉 Minimum Bonds Trade Size
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	Varies by Option (Eg: 5 contracts of Tesla Calls)
💪 Retail Leverage
500	30
💪 Professional Leverage
Unavailable	300
✍ Customisable Leverage
Yes	No
🎲 Deleveraged Trading
Yes	No
🎓 Demo Account
Yes	Yes
📱 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	Yes
👬 Copy Trading
Yes	No
👫 Social Trading
Yes	No
🔑 Guaranteed Stop-loss
No	Yes
🔨 Trailing Stop-loss
Yes	Yes
Fees
💰 Inactivity Fee
None	$10 every 3 months of inactivity.
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	None
💰 Commissions
None	None
Spreads
📈 EUR/USD
Dynamic - From 0.6 Pips	Dynamic - From 0.8 Pips
📉 SP500
Dynamic - From 20 Pips	Dynamic - From 70 Pips
📈 GOLD
Dynamic - From 180 Pips	Dynamic - From 30 Pips
📉 TSLA (Stock CFD)
Unavailable	Dynamic - From $5.2
📈 XLK (ETF - CFD)
Unavailable	Dynamic - From 7 Pips
📉 BTC
Dynamic - From $57	Dynamic - From $136
Research and Analysis
⭐ Watchlists
Yes	No
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
No	No
📡 Reuters Feed
No	No
📡 Educational Content
No	No
📡 Live Chat Support
No	Yes
📡 Video Tutorials
No	No
📡 Account Management
No	No
📡 Webinars
No	No