eToro vs OctaFX: Which One is Better for You?


eToro vs OctaFX, 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 eToro vs OctaFX, here is the direct comparison:

Feature
Go to eToro

Go to OctaFX

Rating

General Rating 3.87/5
3.59/5
Trustpilot 2.2/5

rated by 2 users
4.4/5

rated by 713 users

General Information

Office(s) China, Cyprus and United Kingdom Saint Vincent, Grenadines and United Kingdom
Regulation ASIC 491139
CySEC, 109/10
FCA (UK), FRN 583263
FINRA, 298361/SEC#: 8-70212
CySEC 372/18
FCA (UK), 679306
IFSA (St. Vincent and Grenadines), 19776 IBC 2011
Established 2007 2011
Minimum Deposit $200 $100
Maximum Leverage 1:400 1:500
Spread Fixed Variable
Commissions
Minimum Position 0.1 lot 0.01 lot
Payment Credit/debit cards, Neteller, PayPal, Skrill, UnionPay, WebMoney, Wire transfer and Yandex.Money Bitcoin, Credit/debit cards, Neteller and Skrill
Official Website Visit eToro Visit OctaFX

Account Variations

Segregated Account
Islamic Account
PAMM Account
Managed Account
LAMM Account
MAM Account
Forex Demo Account

Trading Requirements

Hedging
US traders are welcome
Requires sending documents via postal mail
Overnight interest rates (swaps)
Trading by telephone

Trading Features

Trading contests
Automated trading
Interest rate on funds
Bonus offers
Free education
Personal manager
Affiliate program

Trading Platforms and Complements

Mobile trading
Browser-based platform
Trading via API
One-click trading
Trailing stop
Pending orders
One-Cancels-Other (OCO) orders

Instruments Traded

Forex
CFD
Indexes
Spread betting
Gold & silver
Cryptocurrencies
Stocks
Binary options
Oil
Metals
Energies
Futures
ETF
Soft commodities
Options
Agriculture
Bonds

Customer Support

Website Languages Arabic, Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Norwegian, Polish, Portuguese, Romanian, Russian, Spanish, Swedish Bengali/Bangla, Chinese, English, German, Hindi, Indonesian, Malay, Portuguese, Spanish, Thai
Email Support
Call Support
Chat Support

Reviews

General Review Read eToro Review Read OctaFX Review
User Reviews

jedi90

Oct 8 2020

Terrible customer service. I’ve spent 2 weeks waiting to get verified. Its saying that by depositing money it will be faster, i do not believe this. What means if you deposit it’s faster?? You have to verify asap after you’re seeing that i have uploaded my documents, money doesn’t sleep, I’m loosing money while waiting. Got my account activated 4 weeks later.


Jason Crown

Sep 24 2020

I became customer and they start dialing me for days. I did not ask for this. This is the reason I terminated my account and withdrew my funds. I better stick to crypto trading on real crypto exchanges.


Jasmine Shah

Sep 24 2020

Despite that the sign up takes time, and few people thought that it is a scam, I can say that eToro is a reliable trading platform. I'm happy to see that my profit increases while being stuck in this pandemic. Thank you!


Hendery

Sep 24 2020

I love eToro for many reasons. It is a social investment/trading platform so you will be able to exchange ideas with other users. It has a unique feature to copy portfolios of successful traders you like on the platform. It’s also really transparent as you’ll see returns and trading history of other users. Definitely recommend.


Gemma Anthony

Sep 23 2020

I have been with etoro for a couple of months now I have found them nothing but excellent. I am new to the game and I have found that I am finding my feet and that I have no problem with etoro they make it simple for me to invest and also very simple to withdrawal I can't thank them enough for this platform.


Carly Foehr

Sep 21 2020

The app and website always crashes whenever there is an opportunity to earn profits. What is the point having etoro anyways?? if it cant provide its users a proper platform to trade on.


Noah Carlesn

Sep 21 2020

Their support blames you even when it is a server side issue. I bought a stock they took the money out of my account but the position didn’t appear (it just randomly opened later) I bought it at market open.


asx88

Sep 20 2020

It looks like a good website until you want to withdraw your money and need the customer support for help. I'am waiting a month now to get my money back, but it's still not on my account.


Hok Cho

Sep 20 2020

The withdrawal process is confusing. Cannot even withdrawn using bank deposit.


Dellamarie

Sep 20 2020

My experience was bad with Etoro and there are many reasons. The platform stops working in case of profit and the inability to close profitable trades.When the payment is withdrawn, the account is suspended due to violation of Etoro's terms.


Kina B

Sep 20 2020

I have been trading with Etoro for a while now dough I have only made small deposit I find the site to be reliable, also have made withdrawal and find it reliable in that area as well. Their platform is very good don't get me wrong I just prefer the MT4 platform; I give them a 4 star not because they don't deserve a 5 star is for the lack of MT4 other than that kudos to you Etoro.


Laila Moon

Sep 18 2020

Solid platform its just expensive to use. The lay out is good but opening the same trades on my etoro account compaired to my mt4 account is shocking. I always make less money with etoro . Good platform for absolute beginners.


Megan Whey

Sep 16 2020

Besides low tradeing fee, anything else is horrible. The worst fact its that their app won't work on mondays when US market opens. I lost a ton because i wasn't able to reach my positions in time and they won't even care.


Jules R

Sep 15 2020

eToro is very user-friendly and easy to navigate. As an investor, I like how easy it is to monitor each position I open and set up my entry and target point. It's an awesome social trading platform. I find myself spending more time with this app now than other social networks and trading platforms.


Azizah N

Sep 14 2020

I have been using it for 5 years now, high fees, but it is really easy to use, and powerful at the same time.
Only part I see they have some issues is related to the crypto market..


Arlene J

Sep 13 2020

SL orders have high slippage. Also they took high comission and fee on withdrawal process which is very upsetting. There are better alternatives anyway.


Josephine

Sep 13 2020

I don't know how this broker works. They manipulated and hunts stop loss even if your SL is 15-20 pips away. Please beware of their slippage, your chart will suddenly blank. Their chart also different from other live feeds.


Susan Buchier

Sep 12 2020

It looks like etoro will block all the great possibility investment and manipulated stock prices. Then after that, you will loose all of your money.


John Walters

Sep 10 2020

This is either a scam or they have the worst APP and customer service ever. I have been trying to withdraw my money for weeks now and they will not give it back. Stay away.


Daniel Park

Sep 10 2020

Etoro has a nice easy to use platform and is good for beginners. They have a lot of useful features and the option to copy trade other traders. It's not a bad platform, but I don’t think to stayed there for too long.


Rattoon Vrajnavikhul

Jul 28 2020

OctaFX made a lot of improvement in these recent years. When they first appear, there are a lot of flaws. But their service is getting better, so I consider to give 5 stars. 


Gyver

Jul 28 2020

The competition in octafx is interesting, so I join this broker. After joining the competition and learn some trading strategy, I finally register and open real account. Everything works just perfect, Octafx meets my expectation. 


Moori Shein

Jul 28 2020

Go Octafx!

I already try a lot of brokers, and this broker is the best.

While another broker tricks me with difficult withdrawing process, OctaFX don't do that kind of things. 


Juno

Jul 28 2020

OCTAFX is good.

I already trade here for 2 years, deposit and withdrawal are smooth.

My transaction never has any problem. 


Mitika FS

Jul 28 2020

The spread is tight, except when there's a piece of high news. But it's still better than other brokers who feels like manipulating the price. I succeed to withdrawal my trading results so I think this broker is recommended. 


Zorro

Jul 28 2020

Been trade on several brokers. For me, OctaFX is the most suitable for trading in a small amount. It's newbie-friendly. Plus, the demo account competition is useful for those who want to improve their skill in trading.  


Davis Iozo

Jul 28 2020

The customer service is very friendly. They help me as noobs who don't understand how to withdraw for the first time. Still doing transactions in small amount of fund, but overall I'm quite satisfied with this broker performance. 


Namiii Harseyveh

Jul 28 2020

I LOVE THE ECN ACCOUNT! Very transparent and fast executions. I got a comfortable trading experience from octa. The withdrawal process is also fast. Protips, don't withdraw on weekend, better if you submit withdrawal request within Monday-Wed. 


Lam Soo NG

Jul 28 2020

Competitive spread, easy to deposit and withdraw through the local bank. There's also a lot of promotions.

 

I already got some prize from trade and win. generous broker with no complicated problems.


Dru

Jul 28 2020

Octa is suitable for me. I'm looking for a broker that allowing scalping and EA usage. The platform works just fine.


Alimen Hattah

Jul 28 2020

A friend introduces me to octafx., the platform is easy to operate. The website also informative, and I don't find any difficulties in doing deposit. I didn't withdraw yet, but so far I'm quite satisfied with this broker. 


shania

Jul 27 2020

Octafx gives me convenience to trade, with a lot of bonus and promotions. It's very suitable for a newcomer like me. 


Pieter Trader

Jul 22 2020

So far, I have been trading on OCTA and it's very safe. As anticipation, put your fund not more than 500 USD. The withdrawal process is done smoothly everyday.


Hidekazu

Jul 22 2020

Octafx is just fine. Before using Octafx, I repeatedly changed brokers. So far, not bad. Moreover, Octafx has the lowest spread in a pair that I use for trading. Unfortunately, he doesn't have MT5 yet ... But I'm not going to change the broker anymore, because Octafx's execution and CS response are fast enough. Good job Octafx!


Michael Evyy

Jul 22 2020

Before using octa fx, I use another broker. Using octa fx is pretty good, it has a low spread. Go ahead octa fx, hopefully, you'll become a good quality broker.


Ariani Arthes

Jul 22 2020

I am trading with Octa Forex, so far it is very satisfying, primarily when it comes to deposit, but I can't give a word about the withdrawal, since I didn't get profit yet. Lo. Hopefully, in the future, OctaFX will become the best and biggest broker. Go OctaFX!


Jairo K

Jul 22 2020

OctaFX The most suitable broker for me, the spread is low and the WD is fast. I just wished that the execution may be faster


Abyar Hadie

Jul 22 2020

recommended broker, proven to withdraw quickly. I recommend this broker coz withdrawing and depositing via local banks is very easy. Service value score is 10, it only takes 3 hours of deposit and withdrawal, yesterday I withdrew 700 USD, only takes 30 minutes liquid, good broker


Noriaki FX

Jul 22 2020

I won't say that octafx cheating, but there is something wrong with the stop loss order system. When there is a reversal, stop loss doesn't execute according to the order price, so you might still suffer some loss. Even though the stop loss is placed above/below the price to lock in profit, the result remains a loss.

I dare say this because I trade in several brokers and octaFX is the only one that executing my stop losses far from the price I requested. I think it's impossible to succeed in this broker because using disciplinary stop loss is a dead price developing strategy. Hopefully, it becomes an octa evaluation material and the consideration of newbies like me looking for a broker of choice.


Yaji Arkhr

Jul 22 2020

So far it's still safe. Before opening an account on Octa FX, I have also been on another broker. But I move for looking a better trading condition. In Octa, the spread is decent. the CS also has good service .. good luck octaFX


Sandy Mahrembe

Jul 22 2020

During my trading on OctaFX there were no problems and it was smooth. I just want to add a suggestion. Please have another welcome bonus and also copy trade. Hopefully can be a positive input for OctaFX. That is all from me. thanks.


Rayyfiand

Jul 22 2020

Octafx broker is good, I think. Even though the spreads widen when there's a news. I hope OctaFX service will improve. 


Hendry Lam

Jul 22 2020

Withdrawal is written succeed but no money entered the account.

On the 18th of May, I sent a WD 50 USD request, the money in the MetaTrader account has been cut off and in the personal area written successfully, but the account money has not yet been entered, even I printed the transaction in the savings book too.

Next, I try WD again 10 USD, and thank God... it's transferred, but the 50 USD not entered yet. Many times I submit a complaint to OctaFX, the answer is only "we will continue to review". Please respond and help.


Arafah Yanne

Jul 22 2020

Today I made withdrawal request 4 pm. I never succeeded, all I could do was wait for the process.

I was disappointed with this. Actually, I had been trading with OCTAFX for over 2 years. This case made me uncomfortable, the 1-2 hour OCTAFX WD commitment was unsuccessful


Jharu

Jul 22 2020

one-sided rules!

I wanna withdraw in the morning, but it's pending more than 1-2 hours, chat cs at the queue, too many requests, wait until evening... then I get an email like this:

Beny OctaFX (OctaFX) Jun 21, 13:58 EEST Dear Customer, Thank you for contacting OctaFX! We locked your account because the company decided not to continue our services to you, sir. Thus you can no longer trade with us. Based on the customer agreement in the following link that reads, "The Company reserves the right, at its discretion, at any time to refuse to provide the Services to the Client and the Client agrees that the Company will have no obligation to inform the Client of the reasons.

That means the company refuses to continue our brokerage services to you.

3.10 The Company has the right, at its sole discretion, to refuse at any time to provide Services to the Client and the Client agrees that the Company will not have an obligation to notify the client of the reasons.

As a trader, maybe I have a mistake. But lesson learned. Never trade at a broker that has rules like that, especially the broker can not show your mistakes!


Gamon Tsawari

Jul 20 2020

Comfortable in trading.

I joined octafx since 4 years ago and until now I feel comfortable with octafx.

Deposits and withdrawals are also getting better, very fast. Hopefully, the octafx service will always improved, so it brings more convenience to traders who want to be succeed. And hopefully Octafx has a loyalty program. thank you


Rosa Linda

Jul 20 2020

Octafx always pays attention to the other with attractive prizes, with the prize lot I have already got 3 times. A pretty memorable prize for a novice trader. Thx octafx trade and win. 


Jared

Jul 20 2020

Just want to leave a testimony. Yesterday I deposited outside working hours because I want to open a position. It turned out that the service was fast, the fund immediately transferred to the account. thanks.


Donnie

Jul 20 2020

OctaFX is great

Easy deposit and withdrawal, the platform is okay, so far so good 🙂


Trajhapparn Angtorn

Jul 20 2020

suddenly disconnected and there was a surge in prices ...

Is it normal and reasonable? real octa server suddenly disconnected, and once again connected to the price surge. because I noticed on the octa demo account, it's normal, in other brokers, there are also no price spikes.


Arthur Smith

Jul 20 2020

I have also experienced trading with buy stops. Suddenly the price spike very quickly, and my order was immediately executed. My profit suddenly turns into a loss. I checked the Take Profit level that I made, there was nothing wrong. I have complained but until now I did not get an answer to why that happened, and there is no accountability. Please improve the service, octafx.!!


Nguyen LaPho

Jul 20 2020

Octafx is often stealth a transaction.

I often get my account open position without any pending orders, gadgets and my laptop even though dead, the first case was 0.04 lots, the second case was 1.01 lots, I was forced to cut losses at the order of 180 dollars.

I have sent the transaction log, but the broker doesn't respond. Be careful with this broker, if you are too often profited, a huge stealth lot will appear in your account when you sleep, even though you are not connected to MT 4 at all, I suggest using a trusted broker like alpari and oanda or justforex.


JumanjiFX

Jul 20 2020

As long as I know, octaFX is credible and trustworthy.


Daffa

Jul 20 2020

Deceitful Octafx!!!


Hello Newbie Here

Jul 20 2020

I just started learning to trade earlier this year, trying to make small deposits at several brokers. So far, trading on octafx is the most convenient. the deposit is easy, the trading application is also not complicated


Rosie Talyum

Jul 20 2020

Deception! Octafx deceives the beginner. Do not be tempted by low deposits ... In the end, your deposit can't be withdrawn, then the money is gone.


Abdullah K

Jul 20 2020

lots of promos! In Ramadan, OctaFX giving a lot of bonuses, thank you. I hope in the other months you will also give me lots of benefits. I will wait for your promotion


Marcos

Jul 20 2020

at first, I was hesitant to use this broker because of lots negative comments. But because Octa FX provides swap and commission free accounts, I am interested. I made an initial deposit of $ 500 on Friday. And Monday I already made a profit of around $ 200, then I tried WD $ 195. Confirm the e-mail for about 5 minutes. After waiting for about two hours, the funds came into my account.


Janna Lim

Jul 20 2020

In my opinion Octafx is HONEST BROKER .. Trusted .. I have only been trading for 2 months .. fast deposit and withdrawal process .. And it is suitable for beginners with free swap .. and low deposit .. Highly recommended for beginners ..

The Custoemer service is so Friendly. so far very satisfied for its facilities .. Hopefully it remains like this and continues to be improved ...


Langdon V

Jul 20 2020

Octa is a scam broker .. Be careful guys never deposit here. I have evidence that octa is cheating and I have emailed this to Octa support on 26/2/2020 and only was told to wait.

Here is my transaction history: # 3795647 was closed at 1637.02 on 2020.02.26 15: 46.20,  While it should be at 1632.

It can be seen at 15:46 minutes that the candle closed at 1.634 while my transaction was closed at minutes 15:46:20

there is a difference of 20 seconds and the next candle drops down meaning that the price should be in the range of 1631-1634 while my transaction is closed at 1637. On that transaction I lost about $ 250.


Howard Sayeed

Jul 20 2020

OCTAFX BROKERS TRICKS ME

1. Candle NAS100 on March 12 2020, jump from 15:25 to 15:30 which resulted in my order not being executed.

2. I place six orders at the same time at 13.30, 3 orders at the price of 7580, and 3 more orders at the price of 7530. But those 3 orders at the price of 7530. Octafx executes at the price of 7447 while 3 orders at 7580 cancelled.

If your reason is in the gap, my 6 orders are in the gap, but why are 3 orders executed and 3 again you cancel? And until now my loss fund has not been reimbursed, how do you explain this situation.


Yahari

Jul 20 2020

OctaFX broker is cheater !!

This morning I checked my account, I was surprised how come I automatically closed all my positions huh? Short positions hit at 1.24705, Buy positions hit at 1.24345

Even though last night 9 April 2020, the highest price of GBPUSD at 1.24831 was not a problem. Why is my position all gone? Please cooperate, refund my funds or position my order !!!


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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, eToro provides their pricing with Fixed while OctaFX offers Variable.



eToro vs OctaFX: 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, eToro enables trading with eToro Platform, eToro Mobile Trader. The offer is supported with Mobile trading, One-click trading. In comparison, OctaFX provides trading with MetaTrader 4, MetaTrader 5, cTrader with the support of Mobile trading, Browser-based platform, Trading via API, One-click trading, Trailing stop, Pending orders.



Is eToro or OctaFX 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, eToro supports trading with Forex, Gold & silver, CFD, Stocks, Indexes, Soft commodities, Metals, ETF, Cryptocurrencies, while OctaFX presents the ability of trading with Forex, Gold & silver, Indexes, Cryptocurrencies, Energies.

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 eToro and OctaFX:

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