Compare CMC Markets Vs Octa: Which is the Better Forex Broker in 2024?
CMC Markets Vs Octa, 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 CMC Markets Vs Octa, here is the direct comparison:
Compare | CMC Markets | Octa |
General Rating |
1.00/5 |
3.23/5 |
Score | ||
Trustpilot |
4.3/5 1 users |
4.5/5 7133 users |
πΌ Regulation | ||
β Info | ||
β Established | 1989 | 2011 |
π² Min Deposit | $1 | $25 |
β Max Leverage | 1:500 | 1:500 |
π’ Spread | Fixed | Variable |
πΈ Commissions | ||
π‘ Min Position | 0.0002 lot | 0.01 lot |
π³ Payment | Wire transfer and Credit/debit cards | Crypto, Credit/debit cards, Neteller, Skrill, FasaPay, Bank transfer and Internal transfers |
π’ Office(s) |
𧩠Demo Account | ||
π Segregated Account | ||
π Islamic Account | ||
π¨βπ» PAMM Account | ||
π Managed Account |
π± Hedging | ||
πΊπΈ US traders | ||
π Swaps |
π Trading contests | ||
β‘ Automated trading | ||
π° Bonus offers | ||
π Free education |
1οΈβ£ One-click trading | ||
β± Trailing stop | ||
β³ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Commodities | ||
Stock | ||
Indices | ||
Etf | ||
Bonds | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
Silver | ||
Index | ||
Physical Stock |
π£ Website Languages | Danish, German, Spanish, Finnish, French, Italian, Japanese, Norwegian, Swedish, Chinese, English | Bengali/Bangla, Chinese, English, German, Hindi, Indonesian, Malay, Portuguese, Spanish, Thai |
πͺ Trade Now | Open CMC Markets | Open Octa |
Compare Again
News
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Despite H1 Slump, CMC Markets Raises FY24 Income Forecast
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Farewell After 15 Years: CMC Markets Analyst Michael Hewson Departs
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Octa Forex Broker's Ramadan Offers Bonus, Lower Spreads & Prizes!
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Marex and CMC Markets' Non-exec Director Appointed to the Board of City of London Investment Group
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CMC Markets Witnesses 18% Surge in Shares Following Layoffs
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CMC Markets Announces 17% Workforce Reduction in Effort to Boost Annual Turnover
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Unlock Prosperity: Join Octa's Lunar New Year Celebration for Indonesian Clients!
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AQMetrics and CMC Markets Join Forces to Simplify MiFID II Compliance
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CMC Markets Forex Broker Welcomes New Head for Singapore Entity
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See More Related CMC Markets News
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Forex Brokers in 2022: How OctaFX Performed
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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, CMC Markets provides their pricing with Fixed spread while Octa offers Variable spread.
CMC Markets vs Octa: 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, CMC Markets enables trading with CFD Platform, Spread Betting Platform. The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, Octa provides trading with MetaTrader 4, MetaTrader 5, Web, Social trading with the support of One-click trading, Trailing stop, Pending orders.
Is CMC Markets or Octa 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, CMC Markets supports trading with Binary options, Forex, CFD, Spread betting, Indexes, Soft commodities, Crypto, while Octa presents the ability of trading with Forex, Gold & silver, Indexes, Energies, Crypto, Oil.
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 CMC Markets and Octa:
- Compare CMC Markets vs easyMarkets
- Compare CMC Markets vs Orbex
- Compare CMC Markets vs Blaze Markets
- Compare Octa vs DeltaStock
- Compare Octa vs Exness
- Compare Octa vs FXTM
For more comparisons, visit this page.