Exness vs OctaFX: Which One is Better for You?
Exness 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 Exness vs OctaFX, here is the direct comparison:
|Office(s)||Cyprus, Seychelles, United Kingdom||Saint Vincent and the Grenadines, United Kingdom|
FCA (UK), 730729
FSA (Seychelles), SD025
FCA (UK), 679306
IFSA (St. Vincent and Grenadines), 19776 IBC 2011
|Minimum Position||0.01 lot||0.01 lot|
|Payment||Bitcoin, Credit/debit cards, Neteller, Perfect Money, Skrill, Tether (USDT), WebMoney, Wire transfer, Yandex.Money||Bitcoin, Credit/debit cards, Neteller, Skrill|
|US traders are welcome|
|Requires sending documents via postal mail|
|Overnight interest rates (swaps)|
|Trading by telephone|
|Interest rate on funds|
Trading Platforms and Complements
|Trading via API|
|One-Cancels-Other (OCO) orders|
|Gold & silver|
|Website Languages||Arabic, Bengali/Bangla, Chinese, English, French, German, Hindi, Indonesian, Italian, Japanese, Korean, Portuguese, Russian, Spanish, Thai, Urdu, Vietnamese||Bengali/Bangla, Chinese, English, German, Hindi, Indonesian, Malay, Portuguese, Spanish, Thai|
YuNaJul 27 2020
They keep getting better every year, so I decided to re-activate my account. The support helped me a great deal for it
Alex JoannJul 27 2020
My mentor suggested Exness when I was still new. They really help me to grow my account and never give any significant problem during my learning phase. Thanks Exness
Clara91Jul 27 2020
I only want to trade in a reliable broker, and for me, exness has what it takes to be a reliable broker
John Wallace PJul 27 2020
Used to trade in another broker and everything was difficult. I never feel similar diificulties from Exness. Keep up the good work!
nickycloudJul 27 2020
I registered based on my friend's recommendations.
So far so good. I can see why many traders favor this broker
Jenny ADJul 27 2020
Quick withdrawal and I got what I need in their trading signals. Good app for mobile phone too
Make it easier for me to trade everywhere
McPhersonJul 27 2020
Very nice broker! They have a good principle to avoid ambiguous bonus programs. Very desirable for safe trading
Harry AndrewsJul 20 2020
My withdrawal was delayed for two days even though the balance got immediately reduced. Fortunately, it didn't happen every time. The other day I requested a withdrawal and the process only took 5-10 minutes.
Chow PaxJul 20 2020
They claim to have 0 spreads, but the reality doesn't say so. I never see the 0 spreads, BTC/USD even has 400+ pips spread. I can't choose which one is more preferable so oftentimes I'm constrained to 2-3 pairs with 10-15/20 pips spread.
Win72fxJul 20 2020
I heard a lot of complaints about withdrawal, but Exness rarely has it. In my opinion, this is where a forex broker's quality is really determined. As long as the problem is kept to a minimum, it can be safely said that the broker is quite recommended. No need for A-Z promotions, withdrawal quality says it all!!
bangbang52Jul 20 2020
I always have positive experiences with Exness. There are a lot of benefits for IBs
RyanserieJul 20 2020
I have traded with this broker for several months. Though I doubted it in the beginning due to my painful experience with several other brokers when dealing with fund withdrawal, I'm amazed that Exness turns out to have auto deposit/withdrawal.
As for the payment methods, there are many choices for deposit while withdrawal method is only internet banking. So far it's not a problem for me as the process can be done in a few minutes. I'm not advertising but I truly enjoy trading with this broker.
Ok OcJul 20 2020
I used to trade in this broker because of its competitive trading conditions. I gradually left Exness because it can't keep up to offer attractive promotions.
Marais ElJul 20 2020
I recommend moderate leverage from 1:200 - to 1:500. Avoid high leverage at all costs.
Exness is a good broker as they're able to give 1:3000 leverage but always warn their clients should they want to try it.
Jonah ruleJul 20 2020
The Stop Loss didn't work. My account got MC because of it.
LeonJul 20 2020
The first time I tried to withdraw from this broker I immediately feel wronged. They said the payment process using FasaPay is instant, but it actually needed 3-5 business days. Where is the instant withdrawal that they claim to be capable of providing with? I'm beginning to doubt this broker
Bona GannJul 20 2020
Please don't complicate my withdrawal process. I have been trading with you since 2011, but lately, I'm always feel cheated as my withdrawal requests are always rejected for some abstract reasons. Here are the instances.
1. My withdrawal is usually confirmed by email but suddenly it's changed to be via phone, which makes it difficult for me during the switchover. the case was cleared but it psychologically troubled me a great deal.
2. I ordered a withdrawal via FasaPay for $350 and my balance at that time was $1044. When I choose the currency, there was a notification indicating that I my balance was not enough. I was made to totally unable of withdrawing my fund. The case was cleared but I haven't succeeded in withdrawing my fund.
3. Lastly, all of my payments are via FasaPay, but I was once denied of withdrawal process because I supposedly use BTC to deposit. Wth?? I didn't even have a BTC account.
Forex youngJul 20 2020
I've been trading only in Exness for 3 years. Other brokers are not good for a scalper like me due to the many restrictions. I can enjoy my profit in this broker and focus on trading for a living, not aiming to become a billionaire.
Exness' cons usually appear when there are news releases. It'll be very difficult to enter a trade and sometimes the MT4 can freeze. Recently there is a leverage warning every time important news are about to appear. There will be adjustment to margin requirements and the leverage can shrink to 1:200. Is it because the Exness team is also trading and they don't want to lose?
Mike FalonJul 20 2020
My friends and I have been trading with Exness (mini account, dp/wd via fasapay) with no problems and satisfying conditions. We can optimize the broker's feature to our capabilities, and that's saying something. Loss and profit come and go, even margin call is a normal occurrence. We consider them as precious experiences to rebound from.
Jarwo JKJul 20 2020
Ever since I found this broker I feel it's the best. FasaPay withdrawal is instant despite the maximum limitation for transfer amount per transaction. The support is quite responsive as well as the ib commission. Unlimited leverage is also great for snipers with small capital.
Mr ArtieJul 20 2020
I admit that Exness spreads tend to widen significantly during news releases. Slippage is also a risk but which broker doesn't have it? Aside from the disadvantages, Exness cent account is preferable.
As long as you don't trade the news, everything is good.
Agys Rb17Jul 20 2020
Average spreads in other brokers' cent account range from 1.3 to 2 pips. Exness has lower spreads that can get below 1 pip with the average spread only 1 pip.
John JuniorsJul 20 2020
I quite like this broker especially for its mini and cent accounts. When I was still a beginner I got margin call so I tried other brokers. My comparison results in all of those brokers' real accounts proved that Exness' cent account is pretty good.
Still, I can't quite choose Exness as my only one broker since there's no local bank deposit/withdrawal and fixed rate... Wish they can provide them sometimes in the future... ?
Bill NielsonJul 20 2020
Update from my previous predicament,
Exness has given back my money, and as a fair responsibility, I wrote here again about their good feedback. Imo it is the only broker willing to really compensate their client.
Bill NielsonJul 20 2020
I was disappointed after the DDoS attack incident. My account's profit went positive before it changed so suddenly that it triggered margin call. When I asked to clarify it the broker said that it could be compromised. I had sent my MetaTrader's log file and followed their instruction to wait for 3 days.
Every time I ask about my loss to this day they always ask for more time. If they can compensate for my loss I'll salute them. Otherwise, I'll spread this unfairness everywhere
Zahir SQWJul 20 2020
Traders with more than 3 years experience in this broker, please be careful especially if your account collects big profit regularly.
This broker will disconnect your account oftentimes!!!
The only solution is to have a backup for the internet connection. You need to quickly change your ISP when your account is forced to disconnect for more than 5 minutes.
I met a lot of problems like this. One example is when I got $20,xxx profit, and my account was disconnected for more than 3 hours. They sent an email to inform me that there had been a DDoS attack. I changed ISP quickly and the problem was immediately solved. At that time my profit has decreased to $3,xxx
I had tested my internet speed and there was no problem whatsoever.
I closed all my positions and withdrew all funds, never look back again.
This broker was long known to cheat traders with big profits. Some of my friends can attest to that.
Another side note:
Bonus promotion and spreads are deceiving. When the price is volatile the spreads could widen extremely.
ShaneJul 20 2020
I've been unable to connect to my real account for two days. So disappointing since Exness never gave me any trouble before. The live support ignored my complaints so I can't do anything....
Will DanielsJul 20 2020
In my opinion, Exness is quite attractive as the account types range from Cent to ECN. The leverage is also very accommodating to all types of traders.
Ronald SdJul 20 2020
This broker's not good for scalpers and news traders....
I keep getting requoted which resulted in my positions being executed in unfavorable prices....
If you like to trade the news don't choose this broker
Danny A PearsonJul 20 2020
This broker may fix some things, but what made me stop trading with them is the spread. Even the spreads in the ECN account is not favorable compared to other brokers' spreads. The service is not bad, the trading condition leaves a lot to be desired. If only Exness has zero fixed spread, I will reconsider my decision. But this broker is unfortunately not innovative enough.
Sandy MarteenJul 20 2020
I no longer trust this broker. I deposited a large sum of money but it's never credited to my account.
AstafxJul 20 2020
Never run into any problem during withdrawal, either for small or big fund, everything goes smoothly
Stephen FaradayJul 20 2020
I withdrew 5 times from Exness and all the proceedings went instantly without any trouble.
Opie BrothaJul 20 2020
From the time I learned to trade to the time I'm finally able to trade independently, withdraw my fund regularly, and gain profit consistently, I haven't met any problem. This is a recommendation from my mentor...
InesJul 20 2020
I enjoy trading in this broker. It's been 1 year
Arzd PlayrJul 20 2020
Exness is the only broker that I'm loyal to. I can use many platforms in this broker.
RomyJul 20 2020
I use two brokers and one of them is Exness. Both have pros and cons but overall, I have no doubt in their safety. I haven't managed to withdraw my fund but so far I'm quite satisfied.
Maya SantiniJul 20 2020
I didn't quite trust this broker initially, but I saw that they keep improving.
Eve PaigeJul 20 2020
This broker is not bad. I doubt it in the beginning, but the service is getting better. I've been trading in Exness for one year and feel the change. From the new regulation, support language, and the most important of all: the Analysis in my account. It's SUPERB!
I'm currently educating myself to trade with indicators. It will be better if Exness allows automatic trading.
ReynoJul 20 2020
After googling for some time I decided to pick this broker. I've been with Exness for 3 months, and so far so good. The registration process and other proceedings went smoothly. It hasn't been fully tested, but I hope everything goes well to the withdrawal process
Rattoon VrajnavikhulJul 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.
GyverJul 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 SheinJul 28 2020
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.
JunoJul 28 2020
OCTAFX is good.
I already trade here for 2 years, deposit and withdrawal are smooth.
My transaction never has any problem.
Mitika FSJul 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.
ZorroJul 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 IozoJul 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 HarseyvehJul 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 NGJul 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.
DruJul 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 HattahJul 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.
shaniaJul 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 TraderJul 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.
HidekazuJul 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 EvyyJul 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 ArthesJul 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 KJul 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 HadieJul 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 FXJul 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 ArkhrJul 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 MahrembeJul 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.
RayyfiandJul 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 LamJul 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 YanneJul 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
JharuJul 22 2020
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 TsawariJul 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 LindaJul 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.
JaredJul 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.
DonnieJul 20 2020
OctaFX is great
Easy deposit and withdrawal, the platform is okay, so far so good 🙂
Trajhapparn AngtornJul 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 SmithJul 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 LaPhoJul 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.
JumanjiFXJul 20 2020
As long as I know, octaFX is credible and trustworthy.
DaffaJul 20 2020
Hello Newbie HereJul 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 TalyumJul 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 KJul 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
MarcosJul 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 LimJul 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 VJul 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 SayeedJul 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.
YahariJul 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 !!!
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, Exness provides their pricing with Fixed while OctaFX offers Variable.
Exness 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, Exness enables trading with MetaTrader 4, MetaTrader 5. The offer is supported with Mobile trading, Browser-based platform, One-click trading, Trailing stop, Pending orders. 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 Exness 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, Exness supports trading with Forex, Gold & silver, CFD, Oil, Stocks, Indexes, Metals, Energies, 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. To help you decide, this article here presents complete information on what you have to consider when choosing a forex broker:
For more comparisons, visit this page.