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

ThinkMarkets is a global broker headquartered in Australia that offers real stocks and ETFs along with CFDs on stocks, etfs, commodities, indices and cryptocurrencies accompanied by their proprietary platform: ThinkTrader.

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.

• Passive investors looking to buy, hold or transfer real shares or ETFs from ASX
• Active traders looking to exploit their low spreads on CFDs
• MetaTrader 4 & 5 traders looking for a convenient offering

• Traders looking for a high leverage off-shore broker
• New traders looking to experiment using MT4 & 5 with a no commission low-cost broker

• FCA (UK)
• ASIC (Australia)
• FSAS (Seychelles)
• FSCA (South Africa)

None

• Possibility to invest in real stocks and ETFs or trade CFDs
• Proprietary platform ThinkTrader is smooth and user friendly
• Spreads are very competitive when compared to similar competitors

• High leverage offered due to no regulatory restrictions
• MetaTrader 4 & 5 platforms with their own copy trading integration
• Low minimum deposit

• Real stocks or ETFs are only from ASX (Australian Securities Exchange)
• Expensive stock trading commissions ($8 flat fee for ASX shares or ETFs)
• While their stock and ETFs offering is great, they lack variety in all other asset classes

• 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)

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• 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.

• Visa
• Mastercard
• Neteller
• Skrill
• Bank Transfer
• Bitcoin (BTC)
• Ethereum (ETH)
• Tether (USDT)

• Visa
• Mastercard
• Maestro
• Skrill
• Neteller
• Bitcoin
• Ethereum
• USDT (Tether)
• Litecoin
• Dogecoin
• Bank Transfer

US, CA, SY, IR.

US, CA.

• For Standard account there are no commissions
• For Zero account there is a commission of $3.5 per lot round turn

For real stocks and ETFs investing, there is a flat fee of $8 per trade (in-and-out) or if the trade value is above $200,000 then a 0.05% fee per trade.