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Compare Interactive Brokers Vs OctaFX: Which is the Better Forex Broker in 2023?

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Interactive Brokers 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 Interactive Brokers Vs OctaFX, here is the direct comparison:

Compare Interactive Brokers OctaFX
General Rating 4.53/5
 3.59/5
Trustpilot 3.9/5

2260 users 		4.5/5

5220 users
💼 Regulation
❗Information Testimonials (20), News (22), Articles (1) Testimonials (73), News (44), Articles (13), Bonus (2), Promotions (10), Contests (9), Webinars (148)
⌛ Established 1977 2011
💲 Min Deposit $10000 $25
⚖ Max Leverage 1:100 1:500
🔢 Spread Fixed Variable
💸 Commissions
💡 Min Position 0.25 lot 0.01 lot
💳 Payment Wire transfer, Check and BPAY Crypto, Credit/debit cards, Neteller and Skrill
🏢 Office(s) United StatesUnited KingdomUnited StatesAustraliaSingaporeIrelandHungary CyprusSt. Vincent & the Grenadines
🧩 Demo Account
📁 Segregated Account
🕋 Islamic Account
👨‍💻 PAMM Account
📈 Managed Account
💱 Hedging
🇺🇸 US traders
🕛 Swaps
🏆 Trading contests
⚡ Automated trading
💰 Bonus offers
📖 Free education
1️⃣ One-click trading
⏱ Trailing stop
⏳ Pending orders
ForexForex
cfdCFD
IndexesIndexes
Spread BettingSpread Betting
Gold & SilverGold & Silver
CryptoCrypto
stocksStocks
oilOil
MetalsMetals
EnergiesEnergies
FuturesFutures
etfETF
OptionsOptions
AgricultureAgriculture
Spread Betting Spread Betting
IndicesIndices
CommoditiesCommodities
BondsBonds
Binary OptionsBinary Options
ETFsETFs
SharesShares
Physical StockPhysical Stock
CryptocurrenciesCryptocurrencies
🗣 Website Languages German, Spanish, French, Italian, Japanese, Russian, Chinese Bengali/Bangla, Chinese, English, German, Hindi, Indonesian, Malay, Portuguese, Spanish, Thai
🚪 Trade Now Open Interactive Brokers Open OctaFX


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Article
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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, Interactive Brokers provides their pricing with Fixed spread while OctaFX offers Variable spread.



Interactive Brokers 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, Interactive Brokers enables trading with Web Trader (SerSart), FX-Trader, Trader Workstation. The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, OctaFX provides trading with MetaTrader 4, MetaTrader 5 with the support of One-click trading, Trailing stop, Pending orders.



Is Interactive Brokers 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, Interactive Brokers supports trading with Forex, Gold & silver, CFD, Stocks, Options, Futures, Bonds, ETF, Crypto, while OctaFX presents the ability of trading with Forex, Gold & silver, Indexes, Energies, Crypto.

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 Interactive Brokers and OctaFX:

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