Exness vs OctaFX

If you are reading this article, you’re likely having trouble deciding whether Exness or OctaFX is the better Forex trading platform for you. While both platforms generally provide positive user experiences, there are some essential differences to note.

In this Exness vs OctaFX review, we outline the highlights of each trading platform to help you make a more informed decision. We evaluate:

• Features and Platforms
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• Exness vs OctaFX - Verdict

Feature	Exness (visit site)	OctaFX (visit site)
Headquarter:	Russia	United Kingdom
Regulation :	FSA	FSA
Type of Broker:	Market Maker	ECN/STP
U.S. Clients Allowed:
Minimum Deposit:	$1	$50
Maximum Leverage:	1:2000	1:500
Commissions / Spreads:	Both	Both
Account 1:	Standard	Micro
Account 2:	Raw Spread	Pro
Account 3:	Zero	ECN
Account 4:	Pro
Demo Account:
Islamic Account:
Segregated Account:
Managed Accounts:
Website Languages:	English Chinese Other	English Chinese Other
Support Hours:	24/7	24/7
E-mail Support:
SMS Support:
Chat:
Broker Offers:	See what Exness offers	See what OctaFX offers

Features and Platforms

Traders at Exness may use the out-of-the-box MT4/MT5 trading platforms, but none of the necessary third-party plugins are available. Exness does offer VPS hosting in support of automated trading solutions but fails to provide clients with research or education for beginner traders. The only value-added service is the WebTV by Trading Central. OctaFX also offers MT4/MT5 but upgrades both with the Autochartist plugin. The cTrader trading platform is also available together with its proprietary copy trading platform. Traders can also benefit from the bonus structure at OctaFX together with reduced swap rates.

Available Markets

Forex traders have access to one of the best asset selections at Exness, which maintains 107 currency pairs. Unfortunately, the rest of the trading instruments remain below average. Exness features seven cryptocurrency pairs, twelve commodities, and 81 equity and index CFDs. Despite the overall limited choice of trading instruments at Exness, it trumps OctaFX. Traders have only 32 currency pairs, ranking among the worst selections industry-wide, five cryptocurrencies, five commodities, and ten index CFDs. Where Exness provides Forex traders with an edge, OctaFX fails to serve any trader well and has one of the worst overall asset choices.

Typical Spreads and Fees

The Standard account at Exness shows a minimum mark-up of 1.0 pips or $10 per 1.0 lots, which is expensive. Costs improve to a commission-free spread of 0.6 pips or $6, but Exness asks for a deposit of $3,000. OctaFX presents the same 0.6 pips mark-up, but it is available for all traders. Both brokers offer a commission-based alternative, which is more expensive than the commission-based one, but the OctaFX Status Level reward program lowers overall trading costs. Traders will also pay swap rates on leveraged overnight positions, but OctaFX labels them differently, clouding cost transparency.