Octa vs HotForex

If you are reading this article, you’re likely having trouble deciding whether Octa or HotForex 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 HotForex vs Octa 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
• Octa vs HotForex - Verdict

Feature	HotForex (visit site)	Octa (visit site)
Headquarter:	Cyprus	St. Vincent and the Grenadines
Regulation :	CySEC, FCA, FSA, DFSA, FSCA	CySEC
Type of Broker:	ECN/STP,Market Maker	ECN/STP
U.S. Clients Allowed:
Minimum Deposit:	$5	$50
Maximum Leverage:	1:1000	1:500
Commissions / Spreads:	Both	Both
Account 1:	Micro	Micro
Account 2:	Premium	Pro
Account 3:	Zero Spread	ECN
Account 4:	Auto
Demo Account:
Islamic Account:
Segregated Account:
Managed Accounts:
Website Languages:	English Spanish Other	English Chinese Other
Support Hours:	24/5	24/7
E-mail Support:
SMS Support:
Chat:
Broker Offers:	See what HotForex offers	See what Octa offers

Features and Platforms

HotForex, founded in 2010, is home to more than 2.5 million traders and established itself as a dominant broker. Octa, operational since 2011, lists 6.6 million trading accounts. Both deploy their proprietary copy trading service. HotForex and Octa present upgraded MT4/MT5 trading platforms, but Octa also has cTrader. The Autochartist plugin is available at HotForex and Octa, but HotForex also provides traders with VPS hosting and a range of other trading tools. Beginner traders will benefit more at HotForex due to quality research and education. Both brokers maintain a generous bonus system.

Available Markets

Traders at HotForex have access to 57 currency pairs, an average selection, while cryptocurrencies are notably absent from available markets. Other trading instruments consist of 13 commodities, 1,005 equity CFDs, eleven index CFDs, 34 ETFs, and three bond CFDs. Octa is home to one of the most limited asset selections compared to all brokers. With 32 currency pairs, five cryptocurrency pairs, five commodities, and ten index CFDs, Octa fails to provide a competitive asset selection. HotForex achieves a more balanced choice of trading instruments versus Octa, despite missing or not having enough choices in cryptocurrencies, commodities, and indices.

Typical Spreads and Fees

One of the most notable differences between XM and HotForex is the pricing environment. Traders at XM get a commission-free mark-up of 0.6 pips or $6 per 1.0 standard lots. At HotForex, the minimum spread is an expensive 1.3 pips or $13. HotForex lists a commission-based alternative from 0.1 pips for a commission of $6 for a total cost of $7. The volume-based loyalty program lowers final trading costs. Equity CFD trading at XM remains commission-free but costs a minimum of 0.10% at HotForex. Direct share dealing at XM incurs a minimum commission of $10.00 or 0.10%.