OctaFX vs iFOREX | Which is best 2024 (2024)

4.1

1.5

OctaFX is an award-winning forex and CFD broker, founded in 2011. The Cyprus-based entity is regulated by the CySEC while the offshore branch is registered with SVGFSA. The ECN broker offers competitive trading conditions on its 80+ financial instruments, with tight spreads from 0.2 pips, fast execution speeds of 0.1 second and flexible leverage. OctaFX also offers two industry-leading platforms in MetaTrader 4 and MetaTrader 5, plus an in-house copy trading solution.

iFOREX is a multi-regulated forex & CFD broker with millions of clients worldwide

Customer Reviews

4.5

Bonus Offer Up to 50% deposit bonus Comment by Reviewer "OctaFX is a great pick for traders of all experience levels. Seasoned day traders will appreciate the ECN model with fast execution and tight spreads, while beginners will rate the user-friendly copy trading platform and low minimum deposit." Pros Cons Awards Instruments Forex, CFDs, indices, commodities, cryptocurrencies Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs Demo Account Yes Yes Minimum Deposit $100 $100 Trading Platforms Payment Methods Minimum Trade 0.01 Lots 0.01 Lots Regulator SVGFSA, CySEC CySEC, FCA, BVI Margin Trading Yes No STP Account No No ECN Account Yes No DMA Account No No MAM Account No No PAMM Account No No LAMM Account No No Demat Account No No AI / Machine Learning No No Robo Advisor No No Negative Balance Protection Yes No Market Maker No No P2P Trading No No Spot Trading Yes No Mobile Apps Yes (iOS & Android) Yes App Review

OctaFX offers a user-friendly trading platform that can be used to take positions on major and minor currency pairs. Copy trading is also available via the broker’s in-house mobile application.

Android App Rating

4.3

iOS App Rating

4.5

Auto Trading Yes Copy Trading Yes No Copy Trading Platform Copy trading at OctaFX is offered through a proprietary platform and mobile app, as well as integration via the MetaTrader suites. Users can easily diversify portfolios by copying the most profitable traders. Track professionals and their performance live for smart investing, control your portfolio and view how your funds are invested and manage risks in real time. Social Trading Yes No Trade Signals Yes (EAs) Yes VPS Hosting Yes No Tournaments No No Demo Competitions Yes No Ethical Investing No No Custodial Account No No Guaranteed Stop Loss No No Inactivity Fee $0 Islamic Account Yes Yes Account Currencies Stock Exchanges Commodities CFD Trading OctaFX offers leveraged CFDs on popular asset classes spanning forex, indices, commodities and cryptos. Traders benefit from ultra-fast execution speeds, reliable trading tools and zero commissions. There are also no restrictions on strategies, including hedging, scalping and automated trading. iFOREX offers hundreds of CFDs on FX, indices, shares, commodities, and cryptocurrencies Leverage 1:30 (EU), 1:500 (Global) 1:30 FTSE Spread 1.8 2.4 GBPUSD Spread 1.1 2.8 Oil Spread 0.7 5.4 pips Stocks Spread Variable Variable Forex Trading OctaFX offers leveraged trading on dozens of currencies with competitive spreads that average 0.9 pips on the EUR/USD. Clients also benefit from high-quality research from the team's analysts with insights into forex trends and news events, alongside technical analysis. iFOREX offers trading on approaching 100 currencies from around the world Forex App

OctaFX offers a user-friendly trading platform that can be used to take positions on major and minor currency pairs. Copy trading is also available via the broker’s in-house mobile application.

GBPUSD Spread 1.1 1.8 EURUSD Spread 0.7 1.8 EURGBP Spread 2.1 2.8 Assets 35 90 Cryptocurrency Trade 30+ popular digital currencies paired with the USD, including big tokens like Bitcoin and Ethereum. EU traders can access 1:2 leverage while global traders can access rates of up to 1:25 on major tokens. Cryptos can be traded around the clock, including on weekends. iFOREX offers trading on popular cryptocurrency coins Spread Variable Variable Coins Crypto Lending No No Crypto Mining No No Crypto Staking No No Auto Market Maker No No

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