OctaFX Vs. RoboMarkets - Compare and Choose the Right One


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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.	Founded in 2012, RoboMarkets offers five different types of accounts, including its proprietary R Stock Trader and ProCents accounts, with access to 12,000 instruments. The different accounts offer different spreads and investment instruments.
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	Traders interested in trading U.S. equities, ETFS with access to 3,000 stocks Traders looking for a mix of CFDs and stocks through R Stock Trader Traders seeking small investments through its ProCents account
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 0 Other Licenses 1 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
Not regulated, Registered in St. Vincent and the Grenadines under IBC 19776.	CySec (Cyprus)
The Good
High leverage offered due to no regulatory restrictions MetaTrader 4 & 5 platforms with their own copy trading integration Low minimum deposit	Five different types of accounts for different types of investors, offers copy trading Access to 12,000+ investment instruments, including 3,000 U.S. stocks No inactivity or deposit fee Offers five base currencies, including GOLD, and remote VPS Server
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)	Withdrawals fees (EG: 2.4% on Visa and Mastercard, 2% for PayPal) No integrated news feed on trading platforms Serves only European Union Markets Limited commodities to trade
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 documents (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
$25	$, €, £ - 100
💰 Payment Methods
Visa Mastercard Maestro Skrill Neteller Bitcoin Ethereum USDT (Tether) Litecoin Dogecoin Bank Transfer	Visa Mastercard Skrill Neteller e-wallets PayPal Webmoney Fasapay Wire transfers
💵 Account Base Currencies
2 - EUR, USD.	5 - EUR, USD, GBP, CHF, GOLD
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA.	US, CA, SY (Available only for EU Citizens).
📊 STP Account
Yes	Yes
📊 DMA Account
No	No
📊 ECN Account
Yes	Yes
Assets
📚 Available Assets
CFDs on currencies, commodities, indices and cryptocurrencies.	Real stocks and ETFs CFDs on commodities, stocks, etfs, currencies, indices and cryptocurrencies.
📙 Stocks
N/A	12,000+
📘 Currency Pairs
35	35+
📗 Commodities
5	3
📕 Indices
10	9
📔 ETFs
N/A	1,000+
💸 Cryptocurrencies
30	14
📒 Bonds
N/A	N/A
📓 Options
N/A	N/A
📗 Futures
N/A	N/A
📝 Notes:
All of OctaFX’s assets are CFDs.	RoboMarkets offers a combination of real equities and CFDs depending on the account. Stock trading is offered on its R Stock Trader account.
Trading Experience
📈 Minimum Stock Trade Size
N/A	1 Share
📉 Minimum ETFs Trade Size
N/A	1 ETF
📈 Minimum Crypto Trade Size
$1,000 (0.01 Lots)	Varies per cryptocurrency (Eg: 0.01 BTC)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
$1,000 (0.01 Lots)	0.01 Units
📉 Minimum Bonds Trade Size
N/A	N/A
📈 Minimum Futures Trade Size
N/A	N/A
📉 Minimum Options Trade Size
N/A	N/A
💪 Retail Leverage
Up to 1:500	Up to 1:30
💪 Professional Leverage
N/A	Up to 1:500
✍ Customisable Leverage
Yes	No – it is defined during the registration process and can’t be changed
🎲 Deleveraged Trading
Yes	Yes, depending on the account
🎓 Demo Account
Yes	Yes
📱 IOS App
No	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
Yes	Yes
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	No
💻 Proprietary Platform
No	Yes
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
Yes	Yes
👫 Social Trading
Yes	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
Yes	Yes
Fees
💰 Inactivity Fee
No	No
💰 Deposit Fees
No	No
💰 Withdrawal Fees
No	Yes (Eg: Visa/Mastercard fee 2.4%, PayPal 2% and Netteller (1.9%)
💰 Commissions
No	Varies per product (Eg. ETF Pro $0.0045/share)
Spreads
📈 EUR/USD
Dynamic - From 0.6 Pips	Dynamic - From 0.3 Pips
📉 SP500
Dynamic - From 20 Pips	Dynamic - From 40 Pips
📈 GOLD
Dynamic - From 180 Pips	Dynamic - From 25 Pips
📉 TSLA (Stock CFD)
N/A	Average spread varies per account (Eg: 55 pips for Pro, 27 Pips for ECN)
📈 XLK (ETF - CFD)
N/A	N/A
📉 BTC
Dynamic - From $57	Dynamic - From $1 to $500
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
No	No
📡 Reuters Feed
No	No