Compare FreshForex Vs Octa: Which is the Better Forex Broker in 2024?
FreshForex 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 FreshForex Vs Octa, here is the direct comparison:
Compare | FreshForex | Octa |
General Rating |
1.00/5 |
3.23/5 |
Score | ||
Trustpilot |
1.8/5 33 users |
4.5/5 7133 users |
πΌ Regulation | ||
β Info | ||
β Established | 2004 | 2011 |
π² Min Deposit | $10 | $25 |
β Max Leverage | 1:2000 | 1:500 |
π’ Spread | Variable | Variable |
πΈ Commissions | ||
π‘ Min Position | 0.01 lot | 0.01 lot |
π³ Payment | Visa/Mastercard, P2P cards, Credit/debit cards, Crypto, Ethereum, Litecoin, Ripple, Bitcoin Cash, Tether TRC20, Zcash, USD Coin, Tether ERC20, Perfect Money, AdvCash, Web Money, M-Pesa, EazzyPay, Airtel Money, Tigo Pesa, OnlineNaira, Banks of Malaysia, Banks of Indonesia, Banks of Vietnam, Banks of the Philippines, Banks of Thailand, Banks of Nigeria, Local depositor and Local payment systems | 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 | English, Spanish, Portuguese, Vietnamese, Indonesian, Chinese, Arabic, Thai, Kazakh, Ukrainian, Uzbek, Azerbaijani, Tajik, Russian | Bengali/Bangla, Chinese, English, German, Hindi, Indonesian, Malay, Portuguese, Spanish, Thai |
πͺ Trade Now | Open FreshForex | Open Octa |
Compare Again
News
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Unlock Prosperity: Join Octa's Lunar New Year Celebration for Indonesian Clients!
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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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Let's Claim FreshForex Promotion Cashback Up to USD20
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Join OctaFX Indonesia Livestream to Celebrate Financial Freedom Day
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FreshForex Reduces the Spread For Precious Metals in August
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Article
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Octa Recap in 2023: A Performance Review
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Get Cashback Up to $20 from FreshForex
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Earn 10% on Each Crypto Deposits with FreshForex
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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, FreshForex provides their pricing with Variable spread while Octa offers Variable spread.
FreshForex 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, FreshForex enables trading with MetaTrader 4 (Limited with 90 days of inactivity), MetaTrader 5 (Limited with 90 days of inactivity). 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 FreshForex 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, FreshForex supports trading with Forex, Indices, Crypto, Metals, Corporate Stocks, ETF, 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 FreshForex and Octa:
- Compare FreshForex vs Blueberry Markets
- Compare FreshForex vs FP Markets
- Compare FreshForex vs ThinkMarkets
- Compare Octa vs IC Markets
- Compare Octa vs Axi
- Compare Octa vs HF Markets
For more comparisons, visit this page.