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FBS vs OctaFX: Comparison and Analysis

Trying to figure out whether to use FBS or OctaFX? This comparison article lays out the features of both brokers in detail, so you can see which is the best platform according to your needs.

We’ve compared more than 100 variables and features so you can see the pros and cons of FBS and OctaFX side by side. We’ve divided the comparisons into a logical structure so it’s easy to navigate.

Scroll the whole post below, or use the quick menu to jump to the relevant section.

Open Account
74-89% of retail CFD accounts lose money
FBS review
Open Account
74-89% of retail CFD accounts lose money
OctaFX review

Overall Ratings


Rated
79
Rated
78

General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.

  • FBS
  • OctaFX

Security 93
Security 94

Cost 81
Cost 73

Trading 68
Trading 69

Education 60
Education 59

Company Info


Foundation
2009
2011
Is it Regulated?
Is it Publicly Traded?
Is it a Bank?
Segregated Clients Funds ?
No-ESMA Branches? ?
Accepts EU Clients?
Accepts US Clients?
Accepts Canadian Clients?
Website Languages
en, ar, de, es, fr, po, tur, thai, ko, ind, viet, mal, it, ur, chi
en, de, es, po, thai, ind, viet, mal, ur, ben, chi

Leverage


Non-EU Leverage ?
3000:1
500:1
European Leverage ?
30:1
30:1
Australian Leverage ?
30:1
500:1
US Leverage ?
0
0
Canadian Leverage ?
0
500:1

Tier 1 Regulation


FSA ?
MAS ?
FINMA ?
FCA ?
CFTC ?
MIFID-ESMA ?
ASIC ?
CIRO ?
SFC ?

Tier 2 Regulation


FMA ?
CBR ?
FSCA ?
SEC ?
DFSA ?
CBRC ?
CySEC ?
ISA ?

Tier 3 Regulation


Offshore ?
MMA (Maldives) ?
EDR ?
FSA (Seychelles) ?
SCB (Bahamas) ?
FSC (Mauritius) ?
VFSC (Vanuatu) ?
IFSC (Belize) ?
CIMA (Cayman Islands) ?
SVG (Saint Vincent and the Grenadines) ?
FSRC (St. Kitts & Nevis) ?
BMA (Bermuda) ?
BVI (British Virgin Islands) ?

Brand Power


SimilarWeb - Website Ranking
27106
96312
SimilarWeb - Total Visits
2460000
543160
Facebook Likes
130641
403988
Twitter Likes
11100
3065
Instagram Likes
12400

Deposit and Withdrawal


Minimum Deposit ?
1 USD
5 USD
Minimum Withdraw ?
Credit Card ?
Bank Transfer ?
PayPal
Neteller
Skrill
Other Methods Available ?
Stic Pay, Perfect Money, BitWallet
CashU
Deposit Waiting Time ?
instant
1-3 business days
Withdraw Waiting Time ?
1 business day
1-3 business days
Bonus Program ?

Costs and Fees


Deposit Fees ?
Withdrawal Commissions ?
Overnight/Swap Fee ?
Inactivity Fee ?
Conversion Fee ?

Account Types


Demo Account ?
Demo Account Expiration ?
Account Currencies ?
EUR, USD
EUR, USD
Standard Account ?
Micro Account ?
Low-cost Account ?
Variable Spread Account ?
Fixed Spread Account ?
Zero Spread Account ?
ECN Account ?
Swap Free Account ?
Islamic Account ?
Professional Traders Account ?
Active Trader Program ?

Commodities


Crude Oil ?
1.0
Natural Gas ?
Silver ?
2.0
0.065
Platinum ?
51.0
Copper ?
Soybeans ?
Corn ?
Gold ?
10.0
9.4

Forex Fixed Spreads


EUR/GBP Spread
0.0
EUR/USD Spread
0.0
1.1
USD/JPY Spread
0.0
0.9
GBP/USD Spread
0.0
1.6
USD/CHF Spread
0.0
1.2
AUD/USD Spread
0.0
USD/CAD Spread
0.0
NZD/USD Spread
0.0

Forex Variable Spreads


EUR/USD Average Spread
0.0
0.5
USD/JPY Average Spread
0.3
0.5
USD/CHF Average Spread
0.5
0.7
GBP/USD Average Spread
0.5
0.6
USD/CAD Average Spread
1.0
0.8
AUD/USD Average Spread
0.6
0.7
NZD/USD Average Spread
1.0
1.5
EUR/GBP Average Spread
1.0
0.9

Fees on Stocks


Apple
1.0
Facebook
1.0
Alphabet
1.0
Snapchat
1.0
BP
1.0
Tesco
1.0
Barclays
Lloyds

Fees on Indices


FTSE100
S&P500
25.0
Dow Jones
1.0
Nasdaq
25.0
CAC40
DAX30
2.0
Nikkei 225
Euro Stoxx 50

Fees on Cryptocurrencies


Bitcoin
1
1
Ethereum
400.0
2.0
Ripple
0
0
Litecoin
400.0
0.66
Bitcoin Cash
0
0
Dash
200.0
0
Monero
0
0
Neo
0
0

Platforms


cTrader Desktop
cTrader Web
Mirror Trader
ZuluTrade ?
MT4 Dekstop
MT4 Web
MT5 Desktop
MT5 Web
Proprietary Desktop Platform
Proprietary Web Platform
MAC Platforms
Sirix

Mobile Trading


Android ?
iOS ?
Windows ?
Trading Signals on Mobile ?
Smart Watch App ?
Forex Trading ?
CFD Trading ?
Alerts ?
Chartings-Drawing Tools ?
Mobile Available Language ?
en
en, ar, es, fr, gre, pol, srb
Watchlist Mobile ?

Available Markets


Forex Pairs ?
37
28
Crypto ?
37
28
Commodities ?
4
2
Stocks ?
33
Indices ?
4
10
ETF ?
Futures ?
Options ?
Bonds ?
Metal ?
4
2
Agricultural ?
Energies ?
2
2
Interest Rates ?
Penny Stocks ?
IPO ?
Blends ?
Dow Jones ?
FTSE ?
Dax ?
Nikkei ?
Gold Market ?
Bitcoin ?
Real Assets ?

Trading Execution


Direct Market Access (DMA) ?
Straigh Through Processing (STP) ?
Electronic Communication Network (ECN) ?
Market Maker ?
Non Dealing Desk (NDD) ?
FIFO Applies? ?
4 Digits Decimal Pricing ?
5 Digits Decimal Pricing ?

Risk Management


Stop Losses ?
Take Profits ?
Limit Orders ?
Trailing Stop ?
Margin Call ?
OCO Orders ?
Guaranteed Stop Loss ?
Negative Balance Protection ?
Minimum Trade Size ?
0.01 lots
0.001 lots
Maximum Trade Size ?
100 lots
100 lots

Special Trading Conditions


MAM ?
PAMM ?
Social Trading ?
Copy Trading ?
LAMM ?

Available Trading Techniques


Scalping ?
Hedging ?
Spread Betting ?
Expert Advisor (EA) ?
Virtual Private Server ?
API ?

Trading Tools


One-Click Trading ?
Signal Trading ?
Price Alerts ?
Number Chart Indicators ?
51
51
Number Chart Drawing Tools ?
31
31
Trade Directly From Chart ?
Watchlist ?

Education


Education Center ?
Webinars
Platform Tutorial Video ?
Video on Trading for Beginners ?
Video on Trading for Experts ?
Tutorial Guide
Glossary

Customer Support


Call Back Request ?
Email Support
Phone Support
Live Chat
Support Language Available
en
en, de, es, po, thai, ind, viet, mal, ur, ben, chi

Research


Professional Reports
Social Trading Features - Social Feeds ?
Economic Calendar
Daily Email With Trading Ideas
Analysis From Trading Central (Recognia)
Analysis From Delkos Research
AutoChartist
Traders Sentiment ?
News via Twitter
News via FaceBook
Daily Market Commentary

FBS vs OctaFX: A Comparison Summary

FBS and OctaFX are two well-known brokers in the forex trading industry. While both offer CFD trading, they differ in several aspects, including security, demo accounts, account opening, social-copy trading, markets, trading fees, platforms, education, and customer care. In this comparison summary, we will highlight the key differences between FBS and OctaFX.

Security

FBS is regulated by the IFSC and CySEC, while OctaFX is regulated by CySEC and SVG. Both brokers have a good security rating, with FBS at 93 and OctaFX at 94. However, OctaFX has an edge over FBS with its more stringent regulations and additional oversight.

Demo Accounts

FBS offers a demo account with a duration of 90 days and allows traders to choose their virtual funds amount. Meanwhile, OctaFX provides an unlimited demo account with a fixed virtual funds amount of $5000, which traders can top up at any time. Therefore, traders who prefer an unlimited demo account may find OctaFX more convenient.

Account Opening

FBS has a lower minimum deposit requirement, starting at $1, although it may be higher depending on the account type chosen. OctaFX requires a minimum deposit of $50. FBS offers more account types, including Standard, Cent, Micro, Zero Spread, Ultra, Crypto, ECN, Islamic, and CopyTrading accounts. OctaFX, on the other hand, offers MT4, MT5, Octatrader, and Islamic accounts.

Social-Copy Trading

Both FBS and OctaFX offer copy trading services, but with different approaches. FBS offers copy trading through its dedicated account called FBS Copy Trading, while OctaFX provides a copy trading app.

Markets

FBS offers 37 forex pairs, four commodities, four indices, 37 crypto assets, and 30+ stocks, while OctaFX offers 35 forex pairs, five commodities, ten indices, 30 crypto assets, and 150+ stocks. OctaFX has more markets available than FBS, making it more attractive to traders who want a wider range of trading options.

Trading Fees

FBS offers both variable and fixed spreads, with spreads starting from 0.0 pips on forex, depending on the account type chosen. OctaFX offers only variable spreads, with spreads starting from 0.8 pips on forex. FBS charges a commission of $6 per lot for ECN accounts, while OctaFX does not charge commissions. Overall, OctaFX offers more competitive spreads than FBS.

Platforms

Both brokers offer MT4 and MT5 platforms, available via desktop, mobile, and web. FBS also offers its proprietary platform called FBS Trader, available on mobile devices. OctaFX has a proprietary platform available via web and mobile.

Education/Customer Care

FBS provides clients with access to webinars, video tutorials, educational articles, and market analysis. The broker also offers customer support via email, phone, and live chat, available in 18 languages. OctaFX offers webinars, forex articles, forex video courses, platform video tutorials, platform articles, glossary, and FAQ. The broker’s customer support is available via email and live chat.

Conclusion

In conclusion, both FBS and OctaFX have their strengths and weaknesses. FBS has a lower minimum deposit requirement, a wider range of account types, and a dedicated copy trading account. OctaFX offers an unlimited demo account, more markets, and more competitive spreads. Ultimately, the choice between the two will depend on a trader’s individual needs and preferences.

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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2FC Financial Srl
Via Filippo Argelati, 10,
Milan, Italy
20143

VAT No. IT10004450960
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