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OctaFX vs XM: Comparison and Analysis

Trying to figure out whether to use OctaFX or XM? 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 OctaFX and XM 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
OctaFX review
Open Account
77,37% of retail investor accounts lose money
XM review

Overall Ratings


Rated
78
Rated
79

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

  • OctaFX
  • XM

Security 94
Security 94

Cost 73
Cost 74

Trading 69
Trading 66

Education 59
Education 81

Company Info


Foundation
2011
2009
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, de, es, po, thai, ind, viet, mal, ur, ben, chi
en, ar, chi(t/s), cz, de, es, fr, gre, hu, po, pol, ru, thai, ko, ind, viet, mal, it, tag

Leverage


Non-EU Leverage ?
500:1
1000:1
European Leverage ?
30:1
30:1
Australian Leverage ?
500:1
30:1
US Leverage ?
0
0
Canadian Leverage ?
500:1
0

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
96312
5355
SimilarWeb - Total Visits
543160
12990000
Facebook Likes
403988
974312
Twitter Likes
3065
30300
Instagram Likes
12400

Deposit and Withdrawal


Minimum Deposit ?
5 USD
5 USD
Minimum Withdraw ?
5
Credit Card ?
Bank Transfer ?
PayPal
Neteller
Skrill
Other Methods Available ?
CashU
Deposit Waiting Time ?
1-3 business days
instant
Withdraw Waiting Time ?
1-3 business days
1 business day
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
AUD, EUR, GBP, USD, ZAR, CHF, HUF, PLN, RUB, SGD
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 ?
0.05
Natural Gas ?
0.035
Silver ?
0.065
0.3
Platinum ?
3
Copper ?
Soybeans ?
0.0275
Corn ?
0.0185
Gold ?
9.4
0.3

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
0.5
0.1
USD/JPY Average Spread
0.5
0.1
USD/CHF Average Spread
0.7
0.4
GBP/USD Average Spread
0.6
0.3
USD/CAD Average Spread
0.8
0.5
AUD/USD Average Spread
0.7
0.4
NZD/USD Average Spread
1.5
1.0
EUR/GBP Average Spread
0.9
0.3

Fees on Stocks


Apple
0.26
Facebook
0.15
Alphabet
2.77
Snapchat
0.06
BP
0.08
Tesco
0.0041
Barclays
0.0039
Lloyds
0.0012

Fees on Indices


FTSE100
1.5
S&P500
0.7
Dow Jones
1
Nasdaq
2
CAC40
1.8
DAX30
2.0
Nikkei 225
12.0
Euro Stoxx 50
2.6

Fees on Cryptocurrencies


Bitcoin
1
0
Ethereum
2.0
0
Ripple
0
0
Litecoin
0.66
0
Bitcoin Cash
0
0
Dash
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, ar, es, fr, gre, pol, srb
en, ar, de, es, fr, hu, po, pol, ru, swe, tur, thai, ko, ind, mal, it, chi
Watchlist Mobile ?

Available Markets


Forex Pairs ?
28
57
Crypto ?
28
Commodities ?
2
15
Stocks ?
160
Indices ?
10
30
ETF ?
Futures ?
Options ?
Bonds ?
Metal ?
2
4
Agricultural ?
8
Energies ?
2
5
Interest Rates ?
Penny Stocks ?
IPO ?
Blends ?
Dow Jones ?
FTSE ?
Dax ?
Nikkei ?
Gold Market ?
Bitcoin ?
Real Assets ?
Agricultural, Blends, Bonds

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 ?
0.001 lots
0.01 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, de, es, po, thai, ind, viet, mal, ur, ben, chi
en, ar, chi(t/s), cz, de, es, fr, gre, hu, po, pol, ru, thai, ko, ind, viet, mal, it, tag

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

OctaFX vs XM: Which Broker is Better for You?

Choosing the right broker can be a daunting task, especially if you are new to trading. In this comparison, we’ll take a look at two popular brokers – OctaFX and XM – to help you make an informed decision.

Security and Regulations

Both OctaFX and XM are regulated by reputable regulatory bodies such as CySEC, ensuring the security of your funds. OctaFX is also regulated by SVG, while XM is regulated by ASIC, DFSA, and FSC. Capital.com security rating for both brokers is 94, which means they are considered safe brokers to trade with.

Demo Account

OctaFX and XM offer unlimited demo accounts, allowing you to practise trading without risking real money. OctaFX demo account comes with $5000 virtual funds that can be topped up at any time, while XM demo account comes with a whopping $100,000 virtual funds that can be restored by contacting customer support.

Account Opening

OctaFX and XM both offer a range of account types to suit different trading styles and preferences. OctaFX requires a minimum deposit of $50, and the account currency can be either EUR or USD. XM has a lower minimum deposit requirement of just $5, and account currency options depend on the trader’s country.

Payment Methods

Both brokers offer a variety of payment methods, including wire transfers, credit/debit cards, and eWallets. OctaFX and XM also offer Islamic accounts for traders who follow Sharia law.

Social/Copy Trading

OctaFX offers copy-social trading through its proprietary OctaFX Copy Trading app, while XM doesn’t offer social trading.

Markets and Trading Fees

OctaFX offers 35 forex pairs, 5 commodities, 10 indices, 30 cryptocurrencies, and 150+ stocks, making it a suitable choice for CFD traders who prefer short-term investments. On the other hand, XM offers 57 forex pairs, 15 commodities, 30 indices, and 150+ stocks, making it a better choice for short-term investing rather than long-term investing. XM does not offer any crypto assets, ETFs, futures or options.

Both brokers offer variable spreads, with OctaFX spreads starting from 0.8 pips on forex, while XM spreads start from 0 pips on forex, making it a good option for scalping. XM also charges commissions of up to $7 per lot traded, while OctaFX does not charge any commission.

Platforms

OctaFX has a proprietary platform available via web and mobile, as well as MT4 and MT5 available via desktop, mobile, and web. XM also offers MT4 and MT5 via webtrader, desktop, and mobile, and all their platforms allow traders to engage in algo trading. XM also allows traders to use VPS services.

Education/Customer Care

Both brokers offer a wide range of educational materials, including webinars, articles, video courses, platform video tutorials, and FAQs. XM offers webinars in 19 languages 7 days a week, trading lessons, and much more. Both brokers have easy-to-reach customer support via email, phone, and live chat, with XM offering over 21 languages.

Conclusion

Both OctaFX and XM are reputable brokers that offer a range of account types, payment methods, educational materials, and customer support. If you prefer CFD trading and social trading, OctaFX is a good choice, while XM is a better choice if you prefer short-term investing and scalping. Ultimately, the choice depends on your trading style, preferences, and priorities.

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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