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FBS vs OctaFX: Comparison and Analysis

Written by Filippo Ucchino Fact-Checked by Luca Puddu Publication Date Last Updated
Our verdict · CFD/FX trading

OctaFX is better than FBS for CFD trading by a small margin, because it has a lower EUR/USD cost (9.00 USD per lot against 11.00 USD), MetaTrader 4, cTrader and API access. FBS, on the other hand, has more tradable symbols (550 against 270), faster execution (10 ms against 100 ms) and faster withdrawals (1 day against 3 days). FBS is regulated by CySEC and ASIC, with an offshore company regulated by the FSC (Belize), while OctaFX is regulated by CySEC, with an offshore company registered in Saint Lucia. Both brokers allow scalping, hedging, expert advisors and VPS, and both offer a demo account. FBS asks for 112.00 USD at its European company, 35.00 USD at its Australian company and 5.00 USD at its offshore company, while OctaFX asks for 5.00 USD. FBS offers crypto CFDs and islamic accounts at its Australian and offshore companies, while OctaFX offers both at all its companies.

FBS

CFDCFD FBS offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD/FX to rate it on that. FXFX FBS offers forex trading: currency pairs such as EUR/USD, traded with leverage. Forex is rated together with CFDs, on the CFD/FX side.
FBS review ›
75CFD/FXOverall score FBS scores 75/100 for CFD/FX trading. The overall score is calculated from the data in this comparison across 12 areas.
Open Account

66.43% of retail investor accounts lose money when trading CFDs with this provider.

Best overall

OctaFX

CFDCFD OctaFX offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD/FX to rate it on that. FXFX OctaFX offers forex trading: currency pairs such as EUR/USD, traded with leverage. Forex is rated together with CFDs, on the CFD/FX side.
OctaFX review ›
80CFD/FXOverall score OctaFX scores 80/100 for CFD/FX trading. The overall score is calculated from the data in this comparison across 12 areas.
Open Account

73-89% of retail investor accounts lose money when trading CFDs.

Best for

What we compare A comparison of the kinds of traders FBS and OctaFX are best suited to, based on what each one actually offers in .
1 / 12

OctaFX is better than FBS for swing traders and crypto traders. Scalpers, news traders and algo traders can choose either OctaFX or FBS.

Best for
Overall score FBS 75 -5 OctaFX 80 Best
Day trading i
Long-term investing i
Professional traders i
High-volume traders i
Scalpers i
Swing traders i
News traders i
Algo traders i
Stock traders i
Crypto traders i
Futures traders i
Options traders i

Regulation

What we compare A comparison between the financial authorities that supervise FBS and the ones that supervise OctaFX.
2 / 12

FBS and OctaFX are both regulated by top-tier authorities, FBS by CySEC and ASIC (Australia) and OctaFX by CySEC.

Regulation
Section score FBS 100 Best OctaFX 85 -15
Tier-1 regulators
ESMA (European Union) i CySEC (Cyprus) CySEC (Cyprus)
FCA (United Kingdom) i
ASIC (Australia) i
CFTC (United States) i
NFA (United States) i
SEC (United States) i
CIRO (Canada) i
MAS (Singapore) i
SFC (Hong Kong) i
JFSA (Japan) i
FINMA (Switzerland) i
Tier-2 regulators
FMA (New Zealand) i
CBR (Russia) i
FSCA (South Africa) i
DFSA (Dubai) i
CSRC (China) i
ISA (Israel) i
LFSA (Malaysia) i
JSC (Jordan) i
CMA (Kenya) i
Tier-3 regulators
FSA (Seychelles) i
MMA (Maldives) i
SCB (Bahamas) i
FSC (Mauritius) i
VFSC (Vanuatu) i
FSC (Belize) i
CIMA (Cayman Islands) i
SV FSA (Saint Vincent and the Grenadines) i
FSRC (St. Kitts & Nevis) i
BMA (Bermuda) i
BVI FSC (British Virgin Islands) i
EDR (External Dispute Resolution) i

Safety

What we compare A comparison of the tools and services that FBS and OctaFX have in place to protect your money in .
3 / 12

FBS and OctaFX both offer segregated client funds and an investor compensation scheme.

Safety
Section score FBS 78 OctaFX 78
Company info
Is it publicly traded i
Is it a bank i
Year founded i 2009 2011
Parent company i FBS Markets Inc Octa Markets Incorporated
CEO i Christos Kakourides Pavel Prozorov
Money safety
Segregated client funds i
Two-factor authentication i
Investor compensation scheme i
Additional money insurance i
Partner bank i N/A N/A
Brand power
Number of customers worldwide i 27,000,000 40,000,000
Annual revenue i
Monthly website search traffic i

Costs

What we compare A comparison of what it costs to trade with FBS and with OctaFX in , both on each trade and on holding the account.
4 / 12

OctaFX is better than FBS for costs, as OctaFX is cheaper on EUR/USD, at 9 USD per lot (against FBS's 11 USD), has tighter gold CFD spreads, at 0.2 points (against FBS's 0.36 points), and does not charge inactivity fees, unlike FBS. Neither FBS nor OctaFX charges account maintenance fees or deposit fees.

Costs
Section score FBS 49 -26 OctaFX 75 Best
Broker fees
Deposit fees i
Withdrawal fees i
Overnight fees i
Inactivity fees i
Currency conversion fees i
Discounts on volume i
Real time market data fee i
Dividend withholding i
Account opening fees i
Account maintenance fee i
Portfolio management fee i
Fees on CFDs
Forex commission per lot i FreeAbout this value. This is the forex commission per lot at Tradestone Limited (CySEC). At FBS's other companies: Free (other accepted countries), USD 6 (Australia). Free
EUR/USD average standard spread i
1.1 pips
0.9 pips
EUR/USD average raw spread i
EUR/USD average fixed spread i
EUR/USD total cost per lot i USD 11 USD 9
S&P 500 fees (CFD) i 0.57 points 1.5 points
Gold fees (CFD) i 0.36 points 0.2 points
Bitcoin fees (CFD) i USD 25
US stocks fees (CFD) i USD 14
Fees on stocks
Stock fee type i Percentage, Spread
US stocks fees (real) i
ETF fees (real) i
Management costs i
Connection costs i
Fees on futures
Futures fees per contract i
Platform fees i
Fees on options
Options fees per contract i
Event fees i
Fees on savings plans
IRA opening fee i
IRA maintenance fee i
401k opening fee i
401k maintenance fee i

Available markets

What we compare A comparison of the markets and products you can trade with FBS and with OctaFX in , and of how many instruments each one gives access to.
5 / 12

OctaFX is better than FBS for available markets, since OctaFX offers CFDs on crypto, which FBS does not. Both FBS and OctaFX offer CFDs on commodities, forex, indices and stocks.

Available markets
Section score FBS 65 -10 OctaFX 75 Best
Total tradable symbols i 550 270
Currency pairs i
Indices i
Commodities i
Stocks i
ETF i
Cryptocurrencies i
Bonds i
Interest rates i
Portfolios i
CFDs i Commodities, Forex, Indices, Stocks Commodities, Crypto, Forex, Indices, Stocks
Futures i
Options i
Assets you can own i

Platform

What we compare A comparison of the trading platforms that FBS and OctaFX make available to their clients in .
6 / 12

OctaFX is better than FBS for platforms, given that OctaFX offers cTrader, MetaTrader 4 and social trading, which FBS does not. Both FBS and OctaFX offer MetaTrader 5 and one-click trading.

Platform
Section score FBS 57 -32 OctaFX 89 Best
Proprietary platform i
MetaTrader 4 i
MetaTrader 5 i
cTrader i
Social trading platform i
Copy trading platform i
ZuluTrade i
TradingView i
Duplitrade i
Mirror Trader i
NinjaTrader i
AutoChartist i
Real time pricing i
5 digit pricing i
One-click trading i

Mobile

What we compare A comparison of the mobile apps of FBS and OctaFX in , and of what each one lets you do from your phone.
7 / 12

OctaFX is better than FBS for mobile trading, as OctaFX offers the cTrader app, the MetaTrader 4 app and a social trading app, which FBS does not. Both FBS and OctaFX offer a proprietary mobile app and the MetaTrader 5 app.

Mobile
Section score FBS 93 -7 OctaFX 100 Best
Proprietary app i
Social trading app i
Copy trading app i
MetaTrader 4 app i
MetaTrader 5 app i
cTrader app i
Mobile trading signals i
Mobile alerts i
Mobile charting tools i
Mobile drawing tools i
Mobile watchlist i
Smartwatch app i

Trading features

What we compare A comparison of the trading tools and strategies that FBS and OctaFX allow on their platforms in .
8 / 12

OctaFX is better than FBS for trading features, because OctaFX offers trailing stops and API access, which FBS does not. Both FBS and OctaFX offer negative balance protection and tier-1 liquidity providers.

Trading features
Section score FBS 69 -14 OctaFX 83 Best
Trade execution
Broker type i NDD NDD
Average execution time i 10 ms 100 ms
Slippage occurrence i
Requotes occurrence i 0%
Tier-1 liquidity providers i
PFOF i
Leverage
Major FX pairs leverage i 30:1About this value. This is the major fx pairs leverage at Tradestone Limited (CySEC). At FBS's other companies: 3000:1 (other accepted countries), 30:1 (Australia). 30:1About this value. This is the major fx pairs leverage at Octa Markets Cyprus Ltd (CySEC). At OctaFX's other companies: 1000:1 (other accepted countries).
Minor/Exotic FX pairs leverage i 20:1About this value. This is the minor/exotic fx pairs leverage at Tradestone Limited (CySEC). At FBS's other companies: 3000:1 (other accepted countries), 20:1 (Australia). 20:1About this value. This is the minor/exotic fx pairs leverage at Octa Markets Cyprus Ltd (CySEC). At OctaFX's other companies: 1000:1 (other accepted countries).
Major indices leverage i 20:1About this value. This is the major indices leverage at Tradestone Limited (CySEC). At FBS's other companies: 500:1 (other accepted countries), 20:1 (Australia). 20:1About this value. This is the major indices leverage at Octa Markets Cyprus Ltd (CySEC). At OctaFX's other companies: 400:1 (other accepted countries).
Minor indices leverage i 10:1About this value. This is the minor indices leverage at Tradestone Limited (CySEC). At FBS's other companies: 200:1 (other accepted countries), 10:1 (Australia). 10:1About this value. This is the minor indices leverage at Octa Markets Cyprus Ltd (CySEC). At OctaFX's other companies: 400:1 (other accepted countries).
Gold leverage i 20:1About this value. This is the gold leverage at Tradestone Limited (CySEC). At FBS's other companies: 500:1 (other accepted countries), 20:1 (Australia). 20:1About this value. This is the gold leverage at Octa Markets Cyprus Ltd (CySEC). At OctaFX's other companies: 1000:1 (other accepted countries).
Commodities leverage i 10:1About this value. This is the commodities leverage at Tradestone Limited (CySEC). At FBS's other companies: 500:1 (other accepted countries), 10:1 (Australia). 10:1About this value. This is the commodities leverage at Octa Markets Cyprus Ltd (CySEC). At OctaFX's other companies: 400:1 (other accepted countries).
Equities leverage i 5:1About this value. This is the equities leverage at Tradestone Limited (CySEC). At FBS's other companies: 100:1 (other accepted countries), 5:1 (Australia). 5:1
Cryptocurrency leverage i 2:1About this value. This is the cryptocurrency leverage at Tradestone Limited (CySEC). At FBS's other companies: 500:1 (other accepted countries), 2:1 (Australia). 2:1About this value. This is the cryptocurrency leverage at Octa Markets Cyprus Ltd (CySEC). At OctaFX's other companies: 200:1 (other accepted countries).
Risk management
Stop losses i
Take profits i
Limit orders i
Trailing stop i
Margin call i
OCO orders i
Guaranteed stop loss i
Negative balance protection i
Minimum trade size (FX) i 0.01 lots 0.01 lots
Minimum trade size (stocks) i USD 0 USD 0
Fractional stocks i
Trading compliance
Scalping strategies allowed i
Hedging strategies allowed i
Automated trading strategy allowed i
EAs use allowed i
HFT strategy allowed i
VPS use allowed i
API use allowed i
Price scraping allowed i
FIFO rule applies i

Account types

What we compare A comparison of the kinds of account you can open at FBS and at OctaFX in , and of who each one is meant for.
9 / 12

OctaFX is better than FBS for account types, because OctaFX offers a managed account, an ECN account and an Islamic account, which FBS does not. Both FBS and OctaFX offer a demo account and a standard account.

Account types
Section score FBS 26 -46 OctaFX 72 Best
Demo account i
Unlimited demo account i
Standard account i
Micro account i
Cent account i
Nano account i
Raw spread account i
ECN account i
Swap-free account i
Islamic account i
Professional traders account i
Fixed spread account i
Spread betting account i
Copy trading account i
Corporate account i
Managed account i
Stock investing account i
Margin investing account i
Savings account i
Retirement account i

Account opening

What we compare A comparison of what it takes to open and fund an account with FBS and with OctaFX in .
10 / 12

FBS is better than OctaFX for account opening, as FBS supports e-wallets, which OctaFX does not, credits deposits faster, within the same day (against OctaFX's 3 days), and pays out withdrawals faster, within 1 day (against OctaFX's 3 days). However, the minimum deposit is lower at OctaFX, at 5 USD (against FBS's 112 USD).

Account opening
Section score FBS 70 Best OctaFX 65 -5
Minimum deposit i USD 112About this value. This is the minimum deposit at Tradestone Limited (CySEC). At FBS's other companies: USD 5 (other accepted countries), USD 35 (Australia). USD 5
Minimum withdrawal i USD 0 USD 0
Wire transfers i
Credit cards i
Debit cards i
eWallets i Neteller, Skrill
Local payment methods i
Account base currencies i EUR, USDAbout this value. This is the account base currencies at Tradestone Limited (CySEC). It is different at FBS's companies in Australia. EUR, USD
Deposit waiting time i Instant up to 3 business days
Withdrawal waiting time i up to 1 business days up to 3 business days
Bonus program i

Customer care

What we compare A comparison of the customer support of FBS and OctaFX in , in how it can be reached and how fast it answers.
11 / 12

FBS is better than OctaFX for customer care, because FBS has a website in 15 languages (against OctaFX's 11), and offers a dedicated account manager and priority support, which OctaFX does not. FBS and OctaFX both offer phone support and live chat.

Customer care
Section score FBS 82 Best OctaFX 67 -15
Number of languages supported i 15 11
Website languages i Arabic, German, English, French, Indonesian, Italian, Korean, Malay, Portuguese, Spanish, Thai, Turkish, Urdu, Vietnamese, Chinese Bangla, German, English, Indonesian, Malay, Portuguese, Spanish, Thai, Urdu, Vietnamese, Chinese
Website available in English i
Customer support languages i Arabic, English, Indonesian, Malay, Spanish, Thai, Turkish Bangla, German, English, Indonesian, Malay, Portuguese, Spanish, Thai, Urdu, Vietnamese, Chinese
Customer support in English i
Call back request i
Email support i
Phone support i
Live chat i
Priority customer support i
Dedicated account manager i
Cash sweep i
Stock lending i
Distributes proceeds i
Tax withholding agent i
Tax assistance i

Learning

What we compare A comparison of the educational material that FBS and OctaFX provide to their clients in .
12 / 12

FBS is better than OctaFX for learning, given that FBS offers daily market commentary, which OctaFX does not. Both FBS and OctaFX offer education for advanced traders and webinars.

Learning
Section score FBS 83 Best OctaFX 75 -8
Education
Education center i
Education for beginners i
Education for advanced traders i
Webinars i
Tutorials i
Glossary i
Research
Economic calendar i
Traders' sentiment i
Daily market commentary i
Daily trading ideas i
News via social media i
Professional reports i
Watchlist i
FBS
Open Account 66.43% of retail investor accounts lose money when trading CFDs with this provider.
OctaFX
Open Account 73-89% of retail investor accounts lose money when trading CFDs.
Our verdict

FBS vs OctaFX: which one should you choose?

FBS

CFD/FX Choose FBS if you want an online CFD broker with fast order execution and a wide choice of markets.

Open Account 66.43% of retail investor accounts lose money when trading CFDs with this provider.
OctaFX

CFD/FX Choose OctaFX if you want a forex broker with cTrader and a small minimum deposit.

Open Account 73-89% of retail investor accounts lose money when trading CFDs.

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