OctaFX versus FP Markets

FP Markets upgrades its MT4/MT5 trading platforms with twelve plugins and Autochartist, creating a competitive solution for manual, algorithmic, and copy trading. Additionally, manual traders may use the Iress trading platform, but availability remains geographically restricted. The in-house social trading service and Myfxbook Autotrade expand social and copy trading choices while MAM/PAMM modules support asset managers.

OctaFX established itself as a leading social trading broker on the back of its proprietary copy trading service, user-friendly mobile app, and 10M+ accounts. Traders may use the MT4/MT5 trading platforms, upgraded with the Autochartist plugin. It also relies on generous incentives with $15M+ in paid-out bonuses.

We have conducted an in-depth review of FP Markets and OctaFX to determine which presents the better overall choice and which traders will benefit the most at either broker.

• Features and Platforms
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• OctaFX versus FP Markets - Verdict

Features and Platforms

Features & Platforms	FP Markets (visit site)	OctaFX (visit site)
Headquarter:	Australia	St. Vincent and the Grenadines
Established :	2005	2011
Retail Loss Rate:	75.31%	Undisclosed
Regulation:
Minimum Deposit:	$100	$25
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee	No	No
Deposit Fee:	Third-Party	Third-Party
Withdrawal Fee	Third-Party	Third-Party
Funding Methods:	21	6
MT4:
MT5:
cTrader:
Proprietary Platform:
Automated Trading:
Social / Copy Trading:
MT4/MT5 Add-ons:
Guaranteed Stop Loss:
Negative Balance Protection:
Bonuses and Promotions:
Unique Feature One:	VPS Hosting	Low trading costs
Unique Feature Two:	MT4/MT5 plugins + Autochartist	Autochartist plugin
Broker Offers:	See what FP Markets offers	See what OctaFX offers

Noteworthy:

FP Markets and OctaFX offer beginners quality education and research. The former provides VPS hosting for algorithmic traders, while the latter rewards active traders with lucrative giveaways based on trading volume.

Available Markets

Traders at FP Markets get a balanced asset selection in the Iress trading platform, where 10,000+ assets await. The choice of trading instruments for MT5 remains above 1,000 and better than OctaFX, primarily Forex, which features 60+ currency pairs versus 30+. OctaFX bests FP Markets with its cryptocurrency selection but trails elsewhere.

Typical Spreads and Fees

Forex costs at FP Markets feature a commission-based structure with raw spreads of 0.0 pips for a commission of $6.00. OctaFX counters with a commission-free alternative and a 0.6 pip mark-up or $6.00 per round lot but also provides a volume-based rebate program, resulting in an edge.