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eToro vs OctaFX: Comparison and Analysis

Trying to figure out whether to use eToro 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 eToro and OctaFX side by side. We’ve divided the comparisons into a logical structure, making it easy to navigate.

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

Open Account
76% of retail CFD accounts lose money. Below content does not apply to US users.
eToro review
Open Account
74-89% of retail CFD accounts lose money
OctaFX review

Overall Ratings


Rated
78
Rated
78

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

  • eToro
  • OctaFX

Security 95
Security 94

Cost 70
Cost 73

Trading 67
Trading 69

Education 72
Education 59

Company Info


Foundation
2007
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, chi(t/s), cz, dan, de, es, fi, fr, ne, nor, pol, rom, ru, swe, thai, viet, mal, it
en, de, es, po, thai, ind, viet, mal, ur, ben, chi

Leverage


Non-EU Leverage ?
30:1
500:1
European Leverage ?
30:1
30:1
Australian Leverage ?
30:1
500:1
US Leverage ?
1:1
0
Canadian Leverage ?
N/A
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
5529
96312
SimilarWeb - Total Visits
22900
543160
Facebook Likes
4691
403988
Twitter Likes
120000
3065
Instagram Likes
88000
12400

Deposit and Withdrawal


Minimum Deposit ?
50 USD
5 USD
Minimum Withdraw ?
30
Credit Card ?
Bank Transfer ?
PayPal
Neteller
Skrill
Other Methods Available ?
Rapid Transfer
CashU
Deposit Waiting Time ?
up to 5 business days
1-3 business days
Withdraw Waiting Time ?
up to 5 business days
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 ?
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 ?
5.0
Natural Gas ?
15.0
Silver ?
5.0
0.065
Platinum ?
35.0
Copper ?
4.0
Soybeans ?
50
Corn ?
130
Gold ?
45.0
9.4

Forex Fixed Spreads


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

Forex Variable Spreads


EUR/USD Average Spread
1
0.5
USD/JPY Average Spread
1
0.5
USD/CHF Average Spread
1.5
0.7
GBP/USD Average Spread
2
0.6
USD/CAD Average Spread
1.5
0.8
AUD/USD Average Spread
1.0
0.7
NZD/USD Average Spread
2.5
1.5
EUR/GBP Average Spread
2
0.9

Fees on Stocks


Apple
0.0
Facebook
0.0
Alphabet
0.0
Snapchat
0.0
BP
0.0
Tesco
0.0
Barclays
0.0
Lloyds
0.0

Fees on Indices


FTSE100
1.5
S&P500
0.75
Dow Jones
Nasdaq
2.4
CAC40
1
DAX30
2
Nikkei 225
10
Euro Stoxx 50
3

Fees on Cryptocurrencies


Bitcoin
1,00%
1
Ethereum
1,00%
2.0
Ripple
1,00%
0
Litecoin
1,00%
0.66
Bitcoin Cash
1,00%
0
Dash
1,00%
0
Monero
1,00%
0
Neo
1,00%
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, de, es, fr, it
en, ar, es, fr, gre, pol, srb
Watchlist Mobile ?

Available Markets


Forex Pairs ?
47
28
Crypto ?
47
28
Commodities ?
47
2
Stocks ?
957
Indices ?
13
10
ETF ?
145
Futures ?
Options ?
Bonds ?
Metal ?
4
2
Agricultural ?
3
Energies ?
2
2
Interest Rates ?
Penny Stocks ?
IPO ?
Blends ?
19
Dow Jones ?
FTSE ?
Dax ?
Nikkei ?
Gold Market ?
Bitcoin ?
Real Assets ?
Crypto, ETF, Stocks

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 ?
10$
0.001 lots
Maximum Trade Size ?
20% of the equity
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 ?
67
51
Number Chart Drawing Tools ?
14
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, ar, chi(t/s), cz, dan, de, es, fi, fr, ne, nor, pol, rom, ru, swe, thai, viet, mal, it
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

eToro vs OctaFX: A Comprehensive Comparison Summary

Security

eToro is regulated by CySEC, ASIC, and FCA. It is also registered in the USA with FinCEN, making it eligible for US traders. eToro has a security rating of 95. On the other hand, OctaFX is regulated by CySEC and SVG. OctaFX has a security rating of 94.

Winner: eToro

Demo Accounts

eToro offers a demo account with unlimited duration and virtual funds of $100,000. The virtual funds on the eToro demo account can be restored by contacting customer support. OctaFX provides a demo account with unlimited duration and virtual funds of $5,000. OctaFX traders can top up the virtual balance anytime they want.

Winner: eToro

Account Opening

The minimum deposit for eToro is $200 for most countries ($50 for some). eToro offers account currency in USD only, which may not be ideal if you deposit in currencies different from the US Dollar. Payment methods accepted by eToro include wire transfers, credit/debit cards, and eWallets. They offer various account options, including Standard account, Islamic account, Corporate account, and Professional account for advanced traders.

On the other hand, OctaFX has a minimum deposit requirement of $50. They offer account currencies in EUR and USD. Payment methods accepted by OctaFX include wire transfers, credit/debit cards, and eWallets. OctaFX offers MT4 account, MT5 account, Octatrader account, and Islamic account.

Winner: eToro

Social-Copy Trading

eToro is the best player when it comes to offering copy and social trading services. They provide a copy-social trading service through their proprietary platform. OctaFX also offers copy-social trading, available with the OctaFX Copy Trading app.

Winner: eToro

Markets

eToro offers a wide range of markets, including forex (49), commodities (35), indices (20), crypto assets (174), stocks (1050+), ETFs (290+), and futures and options (4). They offer crypto, stocks, and ETFs both as CFDs and as real assets, making it suitable for both long-term investments and short-term trading. On the other hand, OctaFX offers a diverse range of markets, including forex (35), commodities (5), indices (10), crypto (30), and stocks (150+). OctaFX is a CFD broker, so traders who prefer short-term investments may find it convenient.

Winner: eToro

Trading Fees

eToro has variable spreads starting from 1 pip on forex, which is above the market average. However, they offer zero-commission real stocks and ETFs for CySEC, FCA, and ASIC traders, with the possibility to start investing with just $10. OctaFX has variable spreads starting from 0.8 pips on forex, which is below the market average.

Winner: OctaFX

Platforms

eToro provides a proprietary platform that is available via web and mobile devices. The platform is user-friendly and specialized in copy and social trading. OctaFX has a proprietary platform available via web and mobile devices. They also offer the popular MT4 and MT5 platforms, available via desktop, mobile, and web.

Winner: Tie

Education/Customer Care

eToro offers high-quality educational materials, including blog articles, fintech guides, trading videos, webinars, and seminars. Their customer care is easy to contact via email and live chat. OctaFX provides educational materials such as webinars, forex articles, forex video courses, platform video tutorials, platform articles, glossary, and FAQ. They offer customer care support via email and live chat.

Winner: eToro

Conclusion

In conclusion, both eToro and OctaFX have their strengths and weaknesses. eToro excels in terms of security, demo accounts, account opening options, social-copy trading, market variety, and zero-commission real stocks and ETFs. OctaFX stands out in terms of lower trading fees and offers the choice of multiple account currencies. Individual preferences and specific trading needs should be considered before making a final decision.

Winner: eToro

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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Via Filippo Argelati, 10,
Milan, Italy
20143

VAT No. IT10004450960
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