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


Swissquote 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 Swissquote Vs OctaFX, here is the direct comparison:

Compare Swissquote OctaFX
General Rating 3.46/5
Trustpilot 3.7/5

150 users

3542 users
πŸ’Ό Regulation
❗Information Testimonials (7), News (23) Testimonials (72), News (39), Articles (11), Bonus (2), Promotions (9), Contests (6), Webinars (117)
βŒ› Established 1996 2011
πŸ’² Min Deposit $1000 $25
βš– Max Leverage 1:100 1:500
πŸ”’ Spread Fixed Variable
πŸ’Έ Commissions
πŸ’‘ Min Position 0.1 lot 0.01 lot
πŸ’³ Payment Credit/debit cards and Wire transfer Crypto, Credit/debit cards, Neteller and Skrill
🏒 Office(s) CyprusUnited Arab EmiratesUnited KingdomSwitzerlandHong Kong CyprusSt. Vincent & the Grenadines
🧩 Demo Account
πŸ“ Segregated Account
πŸ•‹ Islamic Account
πŸ‘¨β€πŸ’» PAMM Account
πŸ“ˆ Managed Account
πŸ’± Hedging
πŸ‡ΊπŸ‡Έ US traders
πŸ•› Swaps
πŸ† Trading contests
⚑ Automated trading
πŸ’° Bonus offers
πŸ“– Free education
1️⃣ One-click trading
⏱ Trailing stop
⏳ Pending orders
Spread BettingSpread Betting
Gold & SilverGold & Silver
Binary OptionsBinary Options
Physical StockPhysical Stock
πŸ—£ Website Languages Arabic, Chinese, English, French, German, Russian, Spanish Bengali/Bangla, Chinese, English, German, Hindi, Indonesian, Malay, Portuguese, Spanish, Thai
πŸšͺ Trade Now Open Swissquote Open OctaFX

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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, Swissquote provides their pricing with Fixed spread while OctaFX offers Variable spread.

Swissquote 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, Swissquote enables trading with MetaTrader 4 (Limited with 30 days), MetaTrader 5 (Limited with 30 days), Advanced Trader (Limited with 30 days). 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 Swissquote 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, Swissquote supports trading with Forex, Gold & silver, CFD, Options, Crypto, Stocks, Indexes, 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.

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