FXTM versus OctaFX
FXTM offers the core MT4/MT5 trading platforms and upgrades MT4 with its Pivot Points Strategy plugin, featuring technical analysis using five methods and eight timeframes. FXTM Invest provides copy traders with a quality alternative to the embedded MT4/MT5 solutions. Algorithmic traders and scalpers benefit from an average execution speed of 0.072 seconds with an average price improvement of 0.29 pips or $2.90 per lot. Beginners get quality education and actionable trading signals.
OctaFX shines with its growing copy trading community, exceeding 12M accounts, driven by its proprietary copy trading service and user-friendly mobile app. OctaFX upgrades the out-of-the-box MT4/MT5 trading platforms with Autochartist and relies on generous, withdrawable bonuses, with $15M+ paid out to traders.
We have conducted an in-depth review of FXTM 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
- Account Types
- Minimum Deposit
- Minimum Withdrawal
- Security and Trust
- OctaFX versus FXTM - Verdict
Features and Platforms
Features & Platforms | FXTM (visit site) | OctaFX (visit site) |
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Headquarter: | Mauritius | St. Vincent and the Grenadines |
Established : | 2011 | 2011 |
Retail Loss Rate: | 77.00% | 66.67% |
Regulation: | ||
Minimum Deposit: | $10 | $25 |
Demo Account: | ||
Managed Account: | ||
Islamic Account: | ||
Inactivity Fee | $5 monthly after six months | No |
Deposit Fee: | Third-Party | Third-Party |
Withdrawal Fee | Third-Party | Third-Party |
Funding Methods: | 18 | 8 |
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: | Excellent order execution | Low trading costs |
Unique Feature Two: | Proprietary copy trading platform | Autochartist plugin |
Broker Offers: |
Noteworthy:
Traders must deposit $500 at FXTM for ultra-competitive trading costs. OctaFX maintains a status program, rewarding high-volume traders with lucrative giveaways, and both have high-paying partnership programs.
Available Markets
Available Markets | FXTM | OctaFX |
Currency Pairs: | ||
Cryptocurrency Pairs: | ||
Commodities and Metals: | ||
Indices: | ||
Equities: | ||
Bonds: | ||
ETFs: | ||
Options, Futures, and Synthetics: | ||
Maximum Retail Leverage: | 1:2000 | 1:500 |
Maximum Pro Leverage: | 1:200 | 1:500 |
The asset selection at FXTM exceeds 1,000 trading instruments, focused on Forex and equities. While it excludes cryptocurrencies, equity traders get CFDs, direct share investments, and in-house constructed thematic stock baskets for long-term investors. OctaFX focuses on highly liquid assets, including 30+ cryptocurrency pairs, but maintains a limited overall choice of trading instruments.
Typical Spreads and Fees
Typical Spreads & Fees | FXTM | OctaFX |
Minimum Raw Spreads: | 0.0 pips | Not applicable |
Minimum Standard Spreads: | 1.5 pips | 0.6 pips |
Minimum Commission for Forex: | $0.80 per 1.0 lot | Commission-free |
Commission for Equities: | Commission-free | Not applicable |
Rebates: | No | Yes |
Execution Type: | Market Maker/ECN Hybrid | Market Maker |
FXTM fees rank among the cheapest industry-wide, especially in its FXTM Advantage account, where traders get raw spread from 0.0 pips for commissions between $0.80 and $4.00 per 1.0 standard lot. OctaFX fees feature commission-free trading with minimum costs of 0.6 pips or $6.00 per lot, plus a volume-based rebate program.
Account Types
Account Types | FXTM | OctaFX |
Commission-free Accounts: | ||
Commission-based Accounts: | ||
Demo Accounts: | ||
Islamic Accounts: | ||
Social / Copy Trading: | ||
Managed Accounts: |
Minimum Deposit
Account Types | FXTM | OctaFX |
Minimum Deposit: | $10 | $25 |
Deposit Fees: | Third-Party | Third-Party |
E-wallets: | ||
Cryptocurrencies: | ||
Localized Methods: | ||
Total Deposit Methods: | 18 | 5 |
Supported Deposit Currencies: | USD, EUR, GBP (15 total) | USD, EUR |
The FXTM minimum deposit for the Micro account is $10. Traders should consider the $500 for FXTM Advantage, as its trading costs are ultra-cheap. Other brokers require minimum deposits above $20,000 for equal trading costs. The OctaFX minimum deposit requirement is $25, but OctaFX recommends $100. Each trader has different capital requirements, but effective trading requires more capital than the minimum deposit.
Minimum Withdrawal
Typical Spreads & Fees | FXTM | OctaFX |
Minimum Withdrawal: | $1 | $5 |
Internal Withdrawal Fees: | €30 bank wires, €2 credit/debit cards | No |
Internal Processing Times: | 24 hours | 30 minutes to three hours |
Security and Trust
OctaFX
Country of the Regulator | Name of the Regulator | License Number |
Cyprus | CySEC | 327/18 |
St. Vincent and the Grenadines | Unregulated | Unregulated |
FXTM
Country of the Regulator | Name of the Regulator | License Number |
Mauritius | Financial Services Commission | C113012295 |
UK | Financial Conduct Authority | 777911 |
Cyprus | Cyprus Securities and Exchange Commission | 185/12 |
South Africa | Financial Sector Conduct Authority | 46614 |
FXTM and OctaFX segregate client deposits from corporate funds, offer negative balance protection, and have spotless operational records. The former caters to most clients from its Mauritius-regulated subsidiary, and the latter from its unregulated but duly registered St. Vincent and the Grenadines unit or from its regulated entity in Cyprus .
OctaFX vs FXTM – Verdict
OctaFX
Pros | Cons |
Low minimum deposit and high leverage up to 1:500 | Limited overall asset selection |
Swap-free trading in the OctaFX MT5 account | |
Competitive selection of cryptocurrencies | |
Large trading community and proprietary copy trading service |
FXTM
Pros | Cons |
Excellent commission-based Forex pricing environment and transparency | No cryptocurrencies and a limited choice of commodities |
Upgraded MT4/MT5 trading platforms plus proprietary mobile trading app | |
Quality market research and educational content for beginner traders | |
Proprietary copy trading platform, low minimum deposit, and high leverage |
OctaFX delivers to its core trader base, copy and cryptocurrency traders, a highly competitive commission-free trading environment. Its generous bonuses, volume-based giveaways, support for cryptocurrency deposits and withdrawals, and fast withdrawal processing make it a popular broker. FXTM takes the overall lead due to its ultra-low trading costs, a well-balanced asset selection, excellent price improvement mechanism, high-speed order execution, and quality trading tools supportive of all trading strategies.
FAQs
Does FXTM have a bonus?
FXTM currently does not offer any bonuses.
What is the minimum deposit for OctaFX?
The minimum deposit for OctaFX is $25, but OctaFX recommends trading with at least $100.
What is the minimum deposit in FXTM?
The minimum deposit at FXTM is $10 for the Micro account and $500 for the Advantage account.
Can I trust OctaFX?
OctaFX is regulated in Cyprus, and it has served its 12M+ trading accounts worldwide with a respectable track record, making it a trusted broker.
How long does FXTM withdrawal take?
FXTM usually processes withdrawals within 24 hours, but it can take longer until clients receive their funds, dependent on the payment processor and geographic location.
How trusted is FXTM?
FXTM complies with four regulators, has a spotless operational record, and has catered to clients since 2011. It has established itself as one of the most trusted brokers industry wide.