OctaFX vs LiteForex: Which One is Better for You?


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

Feature
Go to OctaFX

Go to LiteForex

Rating

General Rating 3.59/5
3.31/5
Trustpilot 4.5/5

rated by 1 users
4.4/5

rated by 76 users

General Information

Office(s) Saint Vincent, Grenadines and United Kingdom Bulgaria, India, Indonesia, Malaysia, Pakistan, Poland, Russian Federation and Thailand
Regulation CySEC 372/18
FCA (UK), 679306
IFSA (St. Vincent and Grenadines), 19776 IBC 2011
CySEC, 093/08 (only LiteForex (Europe) Limited www.liteforex.eu)
Established 2011 2005
Minimum Deposit $100 $50
Maximum Leverage 1:500 1:500
Spread Variable Variable
Commissions $5
Minimum Position 0.01 lot 0.01 lot
Payment Bitcoin, Credit/debit cards, Neteller and Skrill AdvCash, AliPay, Bitcoin, Bitcoin Cash, Credit/debit cards, Ethereum, Litecoin, Monero, Neteller, Perfect Money, QIWI, Ripple, Skrill, Wallet One, WebMoney, Wire transfer and Yandex.Money
Official Website Visit OctaFX Visit LiteForex

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 Bengali/Bangla, Chinese, English, German, Hindi, Indonesian, Malay, Portuguese, Spanish, Thai Arabic, Chinese, English, French, German, Greek, Indonesian, Italian, Malay, Polish, Portuguese, Russian, Spanish, Thai
Email Support
Call Support
Chat Support

Reviews

General Review Read OctaFX Review Read LiteForex Review
User Reviews

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 !!!


Zayn Abdussalam

Jul 22 2020

Liteforex was not a well-known broker for me, but after looking for some information about them, I decided to register for the demo account. This is pretty good, bro! Recommended for those who are short of capital, especially on their cent account :)


Yoppie

Jul 22 2020

So far, Liteforex's Customer Service is very satisfying although I have complained a lot XD... They explained everything to the clients patiently. Lteforex is the best!


Uthe Wilhelm

Jul 22 2020

It's very good to trade at LiteForex. Unfortunately, their deposit has the commission. If only LiteForex were giving zero commission fees, I would definitely feel even more at ease LOL


Jeha Kim

Jul 22 2020

LiteForex is quite transparent. Their Customer Care is fast response and fluent in Indonesian. My friends mostly use this broker, so I tried it and it was good overall. Thankyou!


Thaleea PO

Jul 22 2020

Liteforex's site is quite often in maintenance. Fortunately, the fixes are on weekends. Plus, their deposits-withdrawal process goes well. I give 4 for LiteForex!


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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, OctaFX provides their pricing with Variable while LiteForex offers Variable.



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



Is OctaFX or LiteForex 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, OctaFX supports trading with Forex, Gold & silver, Indexes, Cryptocurrencies, Energies, while LiteForex presents the ability of trading with Forex, Gold & silver, CFD, Oil, Indexes, Cryptocurrencies.

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 OctaFX and LiteForex:

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