Compare Octa Vs FXTM: Which is the Better Forex Broker in 2024?
Octa Vs FXTM, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between Octa Vs FXTM, here is the direct comparison:
Feature | Octa | FXTM |
General Rating |
3.23/5 |
3.06/5 |
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Score | 78 | 76 | |
Trustpilot |
4.5/5 7133 users |
3.1/5 704 users |
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💼 Regulation | |||
❗Info | |||
⌛ Established | 2011 | 2011 | |
💲 Min Deposit | $25 | $10 | |
⚖ Max Leverage | 1:500 | 1:2000 | |
🔢 Spread | Variable | Variable | |
💸 Commissions | $2 | ||
💡 Min Position | 0.01 lot | 0.01 lot |
💳 Payment | Crypto, Credit/debit cards, Neteller, Skrill, FasaPay, Bank transfer and Internal transfers | WebMoney, Skrill, Wire transfer, Credit/debit cards, YooMoney, Neteller, UnionPay, QIWI, Perfect Money, DIXIPAY, FasaPay, Crypto and Google Pay | |
🏢 Office(s) |
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🧩 Demo Account | |||
📁 Segregated Account | |||
🕋 Islamic Account | |||
👨💻 PAMM Account | |||
📈 Managed Account | |||
LAMM Account | |||
MAM Account |
💱 Hedging | |||
🇺🇸 US traders | |||
📫 Requires sending documents via postal mail | |||
🕛 Swaps | |||
☎️ Trading by telephone |
🏆 Trading contests | |||
⚡ Automated trading | |||
💰 Bonus offers | |||
📖 Free education | |||
👔 Affiliate program |
1️⃣ One-click trading | |||
⏱ Trailing stop | |||
⏳ Pending orders |
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🗣 Website Languages | Bengali/Bangla, Chinese, English, German, Hindi, Indonesian, Malay, Portuguese, Spanish, Thai | Arabic, Czech, English, Spanish, Persian, French, Hindi, Indonesian, Italian, Korean, Malay, Polish, Russian, Thai, Turkish, Urdu, Vietnamese, Chinese |
🚪 Trade Now | Open Octa | Open FXTM |
Testimonials
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Octa: Smooth sailing
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Octa: Amazing experience overall
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Octa: I am frustated!!!!
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Octa: No complaint!
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Octa: Bad customer review
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Octa: Smooth sailing
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Octa: Amazing experience overall
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Octa: I am frustated!!!!
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Octa: No complaint!
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Octa: Bad customer review
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FXTM: Recover my fund without question
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FXTM: So far FXTM has always met my ideal trading conditions,...
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FXTM: One thing I like about FXTM is that they always...
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FXTM: I was having issues with withdrawals, but their customer support...
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FXTM: I don't understand why do they charged me overnight fees...
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Octa: Smooth sailing
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See More Octa Testimonials
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See More FXTM Testimonials
News
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Octa Forex Broker's Ramadan Offers Bonus, Lower Spreads & Prizes!
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FXTM Forex Broker Parts Ways with Financial Commission
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Unlock Prosperity: Join Octa's Lunar New Year Celebration for Indonesian Clients!
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FXTM Exits EU Operations, Surrenders CySEC License
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Octa Claims Most Reliable Broker in Asia at Global Forex Awards 2023
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OctaFX Rebrands to Octa with Global Campaign
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Use a Special Code to Get OctaFX 100 Percent Deposit Bonus
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Join OctaFX Indonesia Livestream to Celebrate Financial Freedom Day
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OctaFX Celebrates 12 Years with Satisfying Achievements
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OctaFX Concluded Vespa Giveaway, Winners Announced
Articles
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Octa Recap in 2023: A Performance Review
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How to Deposit and Withdraw in FXTM
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FXTM App Review: Every Trader's Perfect Mobile Companion
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How to Verify Account in FXTM
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How to Open Account in FXTM
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Join OctaFX Demo Contest, Win $1000 in Total
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Unlock Special Benefits and Rewards Using OctaFX Status Program
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Increase Your Funds with OctaFX 50% Deposit Bonus
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OctaFX Trade and Win: Get Prize Lots to Claim Your Trading Rewards
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Forex Brokers in 2022: How OctaFX Performed
Promotions
Contests
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- Comparison List
Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, Octa provides their pricing with Variable spread while FXTM offers Variable spread.
Octa vs FXTM: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, Octa enables trading with MetaTrader 4, MetaTrader 5, Web, Social trading. The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, FXTM provides trading with MetaTrader 4 (Limited with 60 days), MetaTrader 5 (Limited with 30 days) with the support of One-click trading, Trailing stop, Pending orders.
Is Octa or FXTM better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, Octa supports trading with Forex, Gold & silver, Indexes, Energies, Crypto, Oil, while FXTM presents the ability of trading with Forex, Gold & silver, Commodities, Indices, CFD, Oil, Futures, Crypto.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
Looking for more references? Here are other comparisons related to Octa and FXTM:
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- Compare FXTM vs Array
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- Compare FXTM vs Array
For more comparisons, visit this page.