General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.
Tier 1 Regulation
Tier 2 Regulation
Tier 3 Regulation
Deposit and Withdrawal
Costs and Fees
Forex Fixed Spreads
Forex Variable Spreads
Fees on Stocks
Fees on Indices
Fees on Cryptocurrencies
Special Trading Conditions
Available Trading Techniques
Exante vs OctaFX: A Comprehensive Comparison
Choosing a broker that matches your trading style, preferences and goals is crucial for success in the financial markets. In this comparison, we will analyse the features, advantages and disadvantages of Exante and OctaFX, two well-established brokers that operate in the CFD market.
Security and Regulations
Both Exante and OctaFX are regulated by reputable authorities, which adds a layer of security and reliability to their services. Exante is licensed by the Malta Financial Services Authority (MFSA), the Cyprus Securities and Exchange Commission (CySEC) and the Securities and Futures Commission (SFC) of Hong Kong, while OctaFX is regulated by the CySEC and the Financial Services Authority (FSA) of St. Vincent and the Grenadines.
Exante and OctaFX offer multiple account types with different features and requirements. Exante provides standard, corporate and professional accounts with a minimum deposit that is not specified on their website. However, they accept multiple account currencies, including GBP, USD, JPY, EUR, CHF, CZK, SEK, CAD, HKD, MXN, PLN, NOK, and SGD, and support various payment methods, including wire transfers, credit/debit cards, and eWallets. On the other hand, OctaFX requires a minimum deposit of $50 and offers four account types: MT4, MT5, Octatrader, and Islamic account. The account currency options are limited to EUR and USD, and the payment methods include wire transfers, credit/debit cards, and eWallets.
Exante and OctaFX provide demo accounts for traders who want to test their platforms and strategies without risking real money. Exante’s demo account offers unlimited access and $1,000,000 in virtual funds. OctaFX’s demo account has an unlimited duration as well, but the virtual funds are limited to $5,000, although traders can top up their balance anytime they want.
Markets and Trading Fees
Exante has a significant advantage in terms of the number of CFD markets it offers, with over 50 Forex pairs, 5 commodities, 10 indices, 30 cryptocurrencies, 24,000+ stocks, 500+ futures, 270,000+ options, 200 hedge funds and 9 bonds. OctaFX’s market coverage is smaller, with 35 Forex pairs, 5 commodities, 10 indices, 30 cryptocurrencies, and 150+ stocks. Both brokers offer variable spreads, but Exante’s spreads start from 0.3 pips on Forex, while OctaFX’s spreads start from 0.8 pips, which is still competitive. Exante charges a commission on stock trading starting from 0.02 USD, while OctaFX does not charge a commission on any asset.
Exante provides its proprietary trading platform, which is accessible via web and mobile devices. The platform is user-friendly and customizable, with advanced features such as multi-monitor support, algorithmic trading, and risk management tools. OctaFX offers its proprietary platform as well, which is available via web and mobile, and the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are available via desktop, mobile, and web. Both brokers’ platforms have been optimised for speed and reliability, and support a wide range of order types and charting tools.
Exante offers social trading, but the details are not specified on their website. OctaFX provides a dedicated copy trading app that enables traders to follow and copy the trades of successful traders automatically.
Education and Customer Care
Exante does not provide educational materials on its website, while OctaFX offers a variety of educational resources, including webinars, Forex articles, Forex video courses, platform video tutorials, platform articles, a glossary, and a frequently asked questions (FAQ) section. Both brokers offer customer support via email and live chat, but Exante also offers phone support.
In conclusion, both Exante and OctaFX are reputable brokers that offer a range of features and services that cater to the needs of different types of traders. Exante has an edge in terms of market coverage and the availability of a proprietary trading platform, while OctaFX offers a lower minimum deposit requirement, a wider range of educational resources, and the option to copy trades automatically through a dedicated app. Ultimately, the choice between these two brokers depends on the individual trader’s preferences and priorities, so it is recommended to evaluate each broker carefully and compare them based on your specific needs.