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


Visit 74-89% of retail CFD accounts lose money.	Visit Your capital is at risk.
Overview
Swissquote is a global broker and investment bank headquartered in Switzerland that offers traditional securities and CFD trading along with advanced research tools.	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.
Best For
Traditional equity investors looking for a broad range of markets Experienced traders looking to benefit from their amazing research tools	Traders looking for a high leverage off-shore broker New traders looking to experiment using MT4 & 5 with a no commission low-cost broker
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 4 Other Licenses 1 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Unregulated Top-tier Licenses 0 Other Licenses 0 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
FCA (UK) ADGM (United Arab Emirates) FINMA (Switzerland) MFSA (Malta) HKMA (Hong Kong)	None
The Good
Outstanding asset offering with more than 60 exchanges across the world Amazing research and analysis tools for all trader levels Thematic investments with preconfigured product baskets Offers banking services along with debit card	High leverage offered due to no regulatory restrictions MetaTrader 4 & 5 platforms with their own copy trading integration Low minimum deposit
The Bad
Their proprietary platform lacks many features and is not user friendly Their commissions are extremely high Overall everything feels complicated to use	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)
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
1996	2011
💳 Minimum Deposit Range
0	$25
💰 Payment Methods
Visa Mastercard Bank Transfer	Visa Mastercard Maestro Skrill Neteller Bitcoin Ethereum USDT (Tether) Litecoin Dogecoin Bank Transfer
💵 Account Base Currencies
21 - AED, AUD, CAD, EUR, DKK USD, GBP, HKD, HUF, ILS, CHF, JPY, PLN, NOK, SGD, MXN, NZD, SEK, TRY, THB, ZAR.	2 - EUR, USD.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, JP, SY, IR.	US, CA.
📊 STP Account
Yes	Yes
📊 DMA Account
Yes	No
📊 ECN Account
Yes	Yes
Banking License
Yes	No
Debit Card
Yes	No
Assets
📚 Assets Type
Hybrid	CFDs
Total Asset Offering
175,533	80
Exchange Access
60	0
📙 Real Stocks
100,000	0
📙 Stock CFDs
0	0
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
80	35
📗 Commodities
0	0
📗 Commodities CFDs
12	5
📕 Indices
0	0
📕 Indices CFDs
26	10
📔 ETFs
1,400	0
📔 ETFs CFDs
0	0
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
12	30
📒 Bonds
54,000	0
📒 Bonds CFDs
3	0
📓 Options
10,000	0
📓 Options CFDs
0	0
📗 Futures
10,000	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
From $50	Unavailable
📉 Minimum ETFs Trade Size
From $50	Unavailable
📈 Minimum Crypto Trade Size
$1,000 (0.01 Lots)	$1,000 (0.01 Lots)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
From $50	$1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
From $50	Unavailable
📈 Minimum Futures Trade Size
From $50	Unavailable
📉 Minimum Options Trade Size
From $50	Unavailable
💪 Retail Leverage
30	500
💪 Professional Leverage
500	Unavailable
✍ Customisable Leverage
No	Yes
🎲 Deleveraged Trading
Yes	Yes
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
Yes	Yes
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
Yes	No
💻 Proprietary Platform
Yes	No
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
No	Yes
👫 Social Trading
No	Yes
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
Yes	Yes
Fees
💰 Inactivity Fee
None	None
💰 Deposit Fees
None	None
💰 Withdrawal Fees
$10 per withdrawal.	None
💰 Commissions
For CFDs there are no commissions as the spreads are the cost. For other assets from $9 up to $210 based on transaction volume and depending on the exchange.	None
Spreads
📈 EUR/USD
Dynamic - From 0 to 1.3 Pips	Dynamic - From 0.6 Pips
📉 SP500
Dynamic - From 60 Pips	Dynamic - From 20 Pips
📈 GOLD
Unavailable	Dynamic - From 180 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread	Unavailable
📈 XLK (ETF - CFD)
Dynamic - Market Spread	Unavailable
📉 BTC
Unavailable	Dynamic - From $57
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
Yes	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
Yes	No
📡 Reuters Feed
Yes	No
📡 Educational Content
Yes	No
📡 Live Chat Support
No	No
📡 Video Tutorials
Yes	No
📡 Account Management
No	No
📡 Webinars
No	No