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:

Feature
Go to Exness

Go to OctaFX

Rating

General Rating 4.16/5
3.59/5
Trustpilot 3.8/5

rated by 579 users
4.5/5

rated by 1 users

General Information

Office(s) Cyprus, Seychelles and United Kingdom Saint Vincent, Grenadines and United Kingdom
Regulation CySEC 178/12
FCA (UK), 730729
FSA (Seychelles), SD025
FSC (Mauritius), 176967
FSCA (South Africa), 51024
The Financial Commission, 22.07.2021
CySEC, 372/18
FCA (UK) 679306
IFSA (St. Vincent and Grenadines), 19776 IBC 2011
Established 2008 2011
Minimum Deposit $1 $100
Maximum Leverage 1:2000 1:500
Spread Fixed Variable
Commissions $3.50
Minimum Position 0.01 lot 0.01 lot
Payment Bitcoin, Credit/debit cards, Neteller, Perfect Money, Skrill, Tether (USDT), WebMoney and Wire transfer Bitcoin, Credit/debit cards, Neteller and Skrill
Official Website Visit Exness 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, 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
Email Support
Call Support
Chat Support

Reviews

General Review Read Exness Review Read OctaFX Review
User Reviews

YuNa

Jul 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 Joann

Jul 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

More User Review

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. 

More User Review

Start Trading

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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, 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.

Looking for more references? Here are other comparisons related to Exness and OctaFX:

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