Compare SuperForex Vs Octa: Which is the Better Forex Broker in 2024?
SuperForex 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 SuperForex Vs Octa, here is the direct comparison:
Compare | SuperForex | Octa |
General Rating |
1.00/5 |
3.23/5 |
Score | ||
Trustpilot |
3.1/5 562 users |
4.5/5 7133 users |
πΌ Regulation | ||
β Info | ||
β Established | 2013 | 2011 |
π² Min Deposit | $1 | $25 |
β Max Leverage | 1:1000 | 1:500 |
π’ Spread | Variable | Variable |
πΈ Commissions | $0.01 | |
π‘ Min Position | 0.01 lot | 0.01 lot |
π³ Payment | Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, Perfect Money, Local bank transfer, FasaPay, Crypto, Litecoin, Dash, Ethereum, Zcash, Ripple, bitwallet, Dogecoin, AstroPay and M-Pesa | 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, Indonesian, Malay | Bengali/Bangla, Chinese, English, German, Hindi, Indonesian, Malay, Portuguese, Spanish, Thai |
πͺ Trade Now | Open SuperForex | Open Octa |
Compare Again
News
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Traders Union Reviews SuperForex with Moderate Risk
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Octa Recap in 2023: A Performance Review
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All You Need to Know about SuperForex Mobile Apps
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Secure Your Money with SuperForex Deposit Protection Program
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Save 7% on Deposits with SuperForex Money
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Forex Copy: The Easy Way to Make Money in SuperForex
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Become a SuperForex VIP Member and Enjoy Exclusive Benefits
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Start Trading with Superforex $88 No Deposit Bonus
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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, SuperForex provides their pricing with Variable spread while Octa offers Variable spread.
SuperForex 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, SuperForex enables trading with MetaTrader 4. 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 SuperForex 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, SuperForex supports trading with Crypto, Forex, Gold & silver, CFD, Futures, Indexes, Metals, Energies, 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 SuperForex and Octa:
- Compare SuperForex vs HF Markets
- Compare SuperForex vs easyMarkets
- Compare SuperForex vs FirewoodFX
- Compare Octa vs Admirals
- Compare Octa vs Pepperstone
- Compare Octa vs ThinkMarkets
For more comparisons, visit this page.