Updated Oct 20 2022
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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. |
Saxo Bank is a Danish investment bank operating since 1992. It is one of the most regulated brokerages in the world with an exceptional selection of financial instruments. |
Best For | |
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Licenses | |
Financial Regulation Unregulated Top-tier Licenses 0 Other Licenses 0 Provided by |
Financial Regulation Regulated Top-tier Licenses 7 Other Licenses 0 Provided by |
🏛 Financial Regulators | |
None |
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The Good | |
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The Bad | |
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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 | 4 days |
📋 Documents Required | |
All documents must be under the account holder's name. |
All documents must be under the account holder's name. |
📍 Year Founded | |
2011 | 1992 |
💳 Minimum Deposit Range | |
$25 | From $500 up to $2,000 |
💰 Payment Methods | |
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💵 Account Base Currencies | |
2 - EUR, USD. | 26 - AED, AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, LTL, MXN, MYR, NOK, NZD, PLN, RON, RUB, SEK, SGD, TRY, USD, ZAR. |
🗽 Available to U.S Citizens | |
No | No |
❌ Restricted Countries | |
US, CA. |
US, BR, ES, IN, KE, MX, NG, PK, ZA. |
📊 STP Account | |
Yes | Yes |
📊 DMA Account | |
No | Yes |
📊 ECN Account | |
Yes | Yes |
Banking License | |
No | No |
Debit Card | |
No | No | Assets |
📚 Assets Type | |
CFDs | Hybrid |
Total Asset Offering | |
80 | 49,339 |
Exchange Access | |
0 | 0 |
📙 Real Stocks | |
0 | 30,000 |
📙 Stock CFDs | |
0 | 0 |
📘 Currency Pairs | |
0 | 0 |
📘 Currency Pair CFDs | |
35 | 182 |
📗 Commodities | |
0 | 0 |
📗 Commodities CFDs | |
5 | 19 |
📕 Indices | |
0 | 0 |
📕 Indices CFDs | |
10 | 29 |
📔 ETFs | |
0 | 5,400 |
📔 ETFs CFDs | |
0 | 5,400 |
💸 Cryptocurrencies | |
0 | 0 |
💸 Cryptocurrency CFDs | |
30 | 9 |
📒 Bonds | |
0 | 5,000 |
📒 Bonds CFDs | |
0 | 0 |
📓 Options | |
0 | 3,000 |
📓 Options CFDs | |
0 | 0 |
📗 Futures | |
0 | 300 |
📗 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) | Varies by Cryptocurrency (eg: 0.01 units of BTC) |
📉 Minimum FX Trade Size | |
$1,000 (0.01 Lots) | $1,000 (0.01 lots) |
📈 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 | 30 |
💪 Professional Leverage | |
Unavailable | 66 |
✍ Customisable Leverage | |
Yes | No |
🎲 Deleveraged Trading | |
Yes | Yes |
🎓 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 | Yes |
💻 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 | |
None | Up to $150 after 6 months of inactivity, £25 after one quarter in the UK. |
💰 Deposit Fees | |
None | None |
💰 Withdrawal Fees | |
None | None |
💰 Commissions | |
None | $0.02/share (min $10) for US Stocks, from 0.10% (min €10) for other equity markets, €4 per futures contract. |
Spreads |
📈 EUR/USD | |
Dynamic - From 0.6 Pips | Dynamic - From 0.4 to 0.8 Pips |
📉 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 | Unavailable | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
No | Yes |
🗓 Economic Calendar | |
Yes | Yes |
📜 Integrated Newsfeed | |
No | Yes |
📡 Reuters Feed | |
No | No |
📡 Educational Content | |
No | No |
📡 Live Chat Support | |
No | Yes |
📡 Video Tutorials | |
No | No |
📡 Account Management | |
No | Yes |
📡 Webinars | |
No | No |