Octafx Vs XM Comparison

Octa offers the Autochartist plugin for the MT4/MT5 trading platforms, deploys its proprietary web-based alternative, Octa Mobile App, and the Octa Copytrading App, which Octa streamlined for its in-house developed copy trading service. Octa, home to 42 million trading accounts, 70 industry awards, and $31M+ in paid-out bonus funds, grew into a leading Forex broker with highly liquid trading instruments ideal for scalpers and algorithmic traders.

Octa boasts a proprietary platform with an intuitive UI and tailored features called OctaTrader. The recent addition to the OctaTrader is Space. It’s a sidebar news feed embedded into the application that provides traders with up-to-date personalized market information.

XM are leading global Forex brokers, but which one should you trust for your Forex portfolios? I have conducted an in-depth review. XM to determine which is the better overall choice and which traders will benefit most from either broker.

Headquarters	Comoros	Cyprus
Regulators	CySEC, FSCA, MWALI International Services Authority	ASIC, CySEC, DFSA, FSC Belize
Owned by Public Company?	NO	No
Year Established	2011	2006
Execution Type(s)	Market Maker	Market Maker
Minimum Deposit	$25	$5
Negative Balance Protection	Yes	Yes
Trading Platform(s)	MetaTrader 4, MetaTrader 5, Proprietary platform	MetaTrader 4, MetaTrader 5, Proprietary platform
Average Trading Cost EUR/USD	0.0 pips ($0.00)	0.1 pips
Average Trading Cost GBP/USD	1.3 pips	0.2 pips
Average Trading Cost WTI Crude Oil	$0.07	$0.05
Average Trading Cost Gold	$0.30	$0.19
Islamic Account	Yes	Yes
Signals	Yes	Yes
US Persons Accepted?	No	No
Managed Accounts	No	No
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The Main Advantages of Octafx And XM

Notable Advantages of Octafx

• Low commission-based trading fees
• Leading algorithmic Forex trading broker
• Average execution speed under 0.04 seconds

Here is a snapshot of the most notable advantages of XM:

• 10M+ traders from 190+ countries.
• 99.35% of all orders are executed in less than one second.
• 8.5M+ trades executed without requotes or rejections.
• 900+ employees speaking 30+ languages.
• 24/7 multilingual customer support.
• VPS hosting for low-latency 24/5 Forex trading.
• Deposit bonuses and trading competitions.
• Loyalty program

Features & Platforms

MT4	Yes	Yes
MT5	yes	Yes
cTrader	No	No
Automated Trading	Yes	Yes
DOM?	Yes	Yes
Guaranteed Stop Loss	No	No
Scalping	Yes	Yes
Hedging	Yes	Yes
One-Click Trading	Yes	Yes
OCO Orders	No	No
Interest on Margin	No	No
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Available Markets

Octa focuses on liquid assets, including 30+ cryptocurrency CFDs, making it ideal for scalpers and traders requiring fewer but liquid assets. eToro provides a superior choice of trading instruments. Its 3,000+ assets focus on equity CFDs and ETFs. At the same time, other sectors receive adequate introduction with an above-average Forex selection, best for cross-asset diversification.

Here is why XM is a better choice for most traders:

• Turbo Stocks for equity traders seeking more leverage on liquid stocks.
• Thematic indices
• 50+ cryptocurrency CFDs
• Unleveraged share investments

Typical Spreads & Fees

Octa and eToro offer commission-free trading costs, where the former commences with spreads from 0.6 pips or $6.00 per lot versus the latter at 1.0 pips or $10.00. Octa lowers trading fees for high-volume traders, expanding its cost advantage over eToro. Many assets at Octa remain swap-free, making a notable difference to final trading costs.

XM’s fees feature commission-free costs. Which one is cheaper? XM has a 16%+ cheaper minimum Forex trading fee Only unleveraged share investments incur a 0.10% XM commission.

Account Types