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.
73-89% of retail investor accounts lose money when trading CFDs.
XM
CFDCFD XM 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 XM offers forex trading: currency pairs such as EUR/USD, traded with leverage. Forex is rated together with CFDs, on the CFD/FX side.
XM review ›
79CFD/FXOverall score XM scores 79/100 for CFD/FX trading. The overall score is calculated from the data in this comparison across 12 areas.
75.12% of retail investor accounts lose money when trading CFDs with this provider.
Best for
What we compare A comparison of the kinds of traders OctaFX and XM are best suited to, based on what each one actually offers in .OctaFX is better than XM for crypto traders. Both are a good fit for scalpers, swing traders and news traders.
| Overall score | OctaFX 80 | XM 79 -1 |
|---|---|---|
| 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 OctaFX and the ones that supervise XM.OctaFX and XM are both regulated by top-tier authorities, including CySEC.
| Section score | OctaFX 85 -5 | XM 90 Best |
|---|---|---|
| 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 OctaFX and XM have in place to protect your money in .OctaFX and XM both offer segregated client funds and an investor compensation scheme.
| Section score | OctaFX 78 | XM 78 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 2011 | 2009 |
| Parent company i | Octa Markets Incorporated | Trading Point Holdings |
| CEO i | Pavel Prozorov | Tasos Anastasiou |
| 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 | 40,000,000 | 20,000,000 |
| Annual revenue i | USD 1,000,000,000 | |
| Monthly website search traffic i | ||
Costs
What we compare A comparison of what it costs to trade with OctaFX and with XM in , both on each trade and on holding the account.OctaFX is better than XM for costs, as OctaFX is cheaper on EUR/USD, at 9 USD per lot (against XM's 10 USD), has tighter gold CFD spreads, at 0.2 points (against XM's 0.3 points), and does not charge inactivity fees, unlike XM. Neither OctaFX nor XM charges account maintenance fees or deposit fees.
| Section score | OctaFX 75 Best | XM 57 -18 |
|---|---|---|
| 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 | Free | USD 7 |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | USD 9 | USD 10 |
| S&P 500 fees (CFD) i | 1.5 points | 0.6 points |
| Gold fees (CFD) i | 0.2 points | 0.3 points |
| Bitcoin fees (CFD) i | USD 25 | |
| US stocks fees (CFD) i | Free | |
| Fees on stocks | ||
| Stock fee type i | 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 OctaFX and with XM in , and of how many instruments each one gives access to.OctaFX and XM are equally good for available markets, as OctaFX offers CFDs on crypto. On the other hand, XM offers CFDs on ETFs, and gives access to 1,400 tradable symbols (against OctaFX's 270). Both OctaFX and XM offer CFDs on commodities, forex, indices and stocks.
| Section score | OctaFX 75 | XM 75 |
|---|---|---|
| Total tradable symbols i | 270 | 1,400 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, Forex, Indices, Stocks | Commodities, ETF, Forex, Indices, Stocks |
| Futures i | ||
| Options i | ||
| Assets you can own i |
Platform
What we compare A comparison of the trading platforms that OctaFX and XM make available to their clients in .OctaFX is better than XM for platforms, as OctaFX offers cTrader, social trading and AutoChartist, which XM does not. OctaFX and XM both offer MetaTrader 5 and MetaTrader 4.
| Section score | OctaFX 89 Best | XM 63 -26 |
|---|---|---|
| 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 OctaFX and XM in , and of what each one lets you do from your phone.OctaFX is better than XM for mobile trading, since OctaFX offers the cTrader app, a social trading app and a copy trading app, which XM does not. Both OctaFX and XM offer a proprietary mobile app and the MetaTrader 5 app.
| Section score | OctaFX 100 Best | XM 86 -14 |
|---|---|---|
| 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 OctaFX and XM allow on their platforms in .XM is better than OctaFX for trading features, as XM executes orders faster, within 66 ms (against OctaFX's 100 ms), and allows for high-frequency trading. OctaFX and XM both offer negative balance protection and trailing stops.
| Section score | OctaFX 83 -4 | XM 87 Best |
|---|---|---|
| Trade execution | ||
| Broker type i | NDD | Agency |
| Average execution time i | 100 ms | 66 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 Octa Markets Cyprus Ltd (CySEC). At OctaFX's other companies: 1000:1 (other accepted countries). | 30:1About this value. This is the major fx pairs leverage at Trading Point of Financial Instruments Ltd (CySEC). At XM's other companies: 400:1 (Kenya), 30:1 (the UAE), 1000:1 (other accepted countries, South Africa). |
| Minor/Exotic FX pairs leverage i | 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). | 20:1About this value. This is the minor/exotic fx pairs leverage at Trading Point of Financial Instruments Ltd (CySEC). At XM's other companies: 400:1 (Kenya), 20:1 (the UAE), 1000:1 (other accepted countries, South Africa). |
| Major indices leverage i | 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). | 20:1About this value. This is the major indices leverage at Trading Point of Financial Instruments Ltd (CySEC). At XM's other companies: 400:1 (Kenya), 20:1 (the UAE), 500:1 (other accepted countries, South Africa). |
| Minor indices leverage i | 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). | 10:1About this value. This is the minor indices leverage at Trading Point of Financial Instruments Ltd (CySEC). At XM's other companies: 250:1 (Kenya, other accepted countries, South Africa), 10:1 (the UAE). |
| Gold leverage i | 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). | 20:1About this value. This is the gold leverage at Trading Point of Financial Instruments Ltd (CySEC). At XM's other companies: 400:1 (Kenya), 20:1 (the UAE), 1000:1 (other accepted countries, South Africa). |
| Commodities leverage i | 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). | 10:1About this value. This is the commodities leverage at Trading Point of Financial Instruments Ltd (CySEC). At XM's other companies: 400:1 (Kenya, other accepted countries, South Africa), 10:1 (the UAE). |
| Equities leverage i | 5:1 | 5:1About this value. This is the equities leverage at Trading Point of Financial Instruments Ltd (CySEC). At XM's other companies: 20:1 (Kenya, other accepted countries, South Africa), 5:1 (the UAE). |
| Cryptocurrency leverage i | 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). | 2:1About this value. This is the cryptocurrency leverage at Trading Point of Financial Instruments Ltd (CySEC). At XM's other companies: 2:1 (the UAE), 1000:1 (other accepted countries, South Africa). |
| 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 OctaFX and at XM in , and of who each one is meant for.OctaFX is better than XM for account types, as OctaFX offers an ECN account, an unlimited demo account and a fixed spread account, which XM does not. Both OctaFX and XM offer a demo account and a managed account.
| Section score | OctaFX 72 Best | XM 64 -8 |
|---|---|---|
| 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 OctaFX and with XM in .XM is better than OctaFX for account opening, since XM offers 10 account base currencies (against OctaFX's 2), supports e-wallets, which OctaFX does not, and credits deposits faster, within the same day (against OctaFX's 3 days). Both require a minimum deposit of 5 USD.
| Section score | OctaFX 65 -25 | XM 90 Best |
|---|---|---|
| Minimum deposit i | USD 5 | USD 5 |
| Minimum withdrawal i | USD 0 | USD 5 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | Neteller, Skrill | |
| Local payment methods i | ||
| Account base currencies i | EUR, USD | AUD, CHF, EUR, GBP, HUF, PLN, RUB, SGD, USD, ZAR |
| Deposit waiting time i | up to 3 business days | Instant |
| Withdrawal waiting time i | up to 3 business days | up to 1 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of OctaFX and XM in , in how it can be reached and how fast it answers.XM is better than OctaFX for customer care, as XM offers customer support in 20 languages (against OctaFX's 11), has a website in 19 languages (against OctaFX's 11), and offers a dedicated account manager, which OctaFX does not. Both OctaFX and XM offer phone support and live chat.
| Section score | OctaFX 67 -11 | XM 78 Best |
|---|---|---|
| Number of languages supported i | 11 | 20 |
| Website languages i | Bangla, German, English, Indonesian, Malay, Portuguese, Spanish, Thai, Urdu, Vietnamese, Chinese | Arabic, Czech, German, Greek, English, French, Hungarian, Indonesian, Italian, Korean, Malay, Polish, Portuguese, Russian, Spanish, Tagalog, Thai, Vietnamese, Chinese |
| Website available in English i | ||
| Customer support languages i | Bangla, German, English, Indonesian, Malay, Portuguese, Spanish, Thai, Urdu, Vietnamese, Chinese | Arabic, Czech, German, Greek, English, French, Hindi, Hungarian, Indonesian, Italian, Korean, Malay, Polish, Portuguese, Russian, Spanish, Tagalog, Thai, 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 OctaFX and XM provide to their clients in .XM is better than OctaFX for learning, as XM offers daily market commentary and traders' sentiment, which OctaFX does not. OctaFX and XM both offer education for advanced traders and webinars.
| Section score | OctaFX 75 -13 | XM 88 Best |
|---|---|---|
| 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 | ||
OctaFX vs XM: which one should you choose?
OctaFX
CFD/FX Choose OctaFX if you want a forex brokerage service with cTrader, ECN accounts and crypto CFDs.
Open Account 73-89% of retail investor accounts lose money when trading CFDs.
XM
CFD/FX Choose XM if you want a CFD/forex broker with ETFs and high-frequency trading strategies.
Open Account 75.12% of retail investor accounts lose money when trading CFDs with this provider.Other popular comparisons
Below are other head-to-head comparisons that include OctaFX or XM, each scored with the same data and method as this page.
