OctaFX
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Vs.

Webull
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OctaFX Vs. Webull - Compare and Choose the Right One

Updated May 13 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.

Webull is a US-based broker that offers both real and leveraged products including Stocks, Crypto, Options, ETFs, and ADRs with zero commissions and no deposit minimums.

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
  • Novices who want to enter the world of investing
  • Intermediate and advanced options traders
  • Professional day traders and portfolio managers 
Licenses

Financial
Licenses

Regulation

Unregulated

Top-tier Licenses

0

Other Licenses

0

Provided by
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Financial
Licenses

Regulation

Regulated

Top-tier Licenses

2

Other Licenses

0

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • Not regulated, Registered in St. Vincent and the Grenadines under IBC 19776.
  • HKMA (Hong Kong)
  • FINRA (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
  • Trade any asset class from just $5
  • Easy-to-use investing app
  • Fully extended trading hours
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 international clients at the moment
  • No joint accounts
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 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 2017
💳 Minimum Deposit
$25 €, £, $ - 0
💰 Payment Methods
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • Neteller
  • Bitcoin
  • Ethereum
  • USDT (Tether)
  • Litecoin
  • Dogecoin
  • Bank Transfer
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
💵 Account Base Currencies
2 - EUR, USD. 1 - USD
🗽 Available to U.S Citizens
No Yes
❌ Restricted Countries
US, CA. EU, UK, CA, JP, IN, IR, MY, ZA, AU.
📊 STP Account
Yes No
📊 DMA Account
No Yes
📊 ECN Account
Yes No
Assets
📚 Available Assets

CFDs on currencies, commodities, indices and cryptocurrencies.

Real stocks, ETFs and cryptocurrencies

📙 Stocks
N/A 10,000+ real stocks from 5 exchanges worldwide
📘 Currency Pairs
35 0
📗 Commodities
5 0
📕 Indices
10 0
📔 ETFs
N/A 2400+ Real ETFs
💸 Cryptocurrencies
30 20
📒 Bonds
N/A 0
📓 Options
N/A Several Option Chains
📗 Futures
N/A N/A
📝 Notes:

All of OctaFX’s assets are CFDs.

WeBull is mostly dedicated to U.S client and does not provide CFDs.
Trading Experience
📈 Minimum Stock Trade Size
N/A $5
📉 Minimum ETFs Trade Size
N/A N/A
📈 Minimum Crypto Trade Size
$1,000 (0.01 Lots) Varies by cryptocurrency
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) N/A
📈 Minimum Commodities Trade Size
$1,000 (0.01 Lots) N/A
📉 Minimum Bonds Trade Size
N/A N/A
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
N/A Varies per Option contract
💪 Retail Leverage
Up to 1:500 1:4
💪 Professional Leverage
N/A N/A
✍ Customisable Leverage
Yes No
🎲 Deleveraged Trading
Yes Yes
🎓 Demo Account
Yes Yes
📱 IOS App
No Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes No
📺 MetaTrader 5
Yes No
💻 Web trader
Yes No
💻 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
No No
💰 Deposit Fees
No No
💰 Withdrawal Fees
No No
💰 Commissions
No No
Spreads
📈 EUR/USD
Dynamic - From 0.6 Pips N/A
📉 SP500
Dynamic - From 20 Pips Dynamic - Market spreads
📈 GOLD
Dynamic - From 180 Pips N/A
📉 TSLA (Stock CFD)
N/A Dynamic - Market spreads
📈 XLK (ETF - CFD)
N/A Dynamic - Market spreads
📉 BTC
Dynamic - From $57 Dynamic - Market spreads
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No Yes
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No Yes
📡 Reuters Feed
No No

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