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OctaFX vs Alpari 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is OctaFX better than Alpari? In our analysis of 23 international regulators across 62 of the best forex brokers, OctaFX is considered high-risk, with an overall Trust Score of 69 out of 99. Alpari is considered low-risk, with an overall Trust Score of 67 out of 99. Learn more about Trust Score.

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Compare

0 of 5
Overall RatingOctaFXAlpari
Overall Rating 4/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Offering of Investments 3.5/5 Stars 3/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score 69 67
Winner check_circle
Review OctaFX Review
Broker ScreenshotsOctaFXAlpari
Trading Platforms Gallery (click to expand)
Research Gallery (click to expand)
Mobile Trading Gallery (click to expand)
Education Gallery (click to expand)
RegulationOctaFXAlpari
Trust Score 69 67
Year Founded 2011 1998
Publicly Traded (Listed) No No
Bank No No
European Union Authorised (MiFID) Yes info No info
Tier-1 Licenses 0 0
Tier-2 Licenses 2 0
Tier-3 Licenses 0 1
Tier-1 Licenses (High Trust)OctaFXAlpari
Australia (ASIC Authorised) No No
Canada (SRO Authorised) No No
Hong Kong (SFC Authorised) No No
CBI Authorised (Ireland) No No
Japan (SFC Authorised) No No
Singapore (MAS Authorised) No No
Switzerland (FINMA Authorised) No No
United Kingdom (U.K.) (FCA Authorised) No No
USA (CFTC Authorized) No No
New Zealand (FMA Authorised) No No
Tier-2 Licenses (Average Trust)OctaFXAlpari
China (CBRC Authorised) No No
Cyprus (CySEC Authorised) Yes No
India (SEBI Authorised) No No
Israel (ISA Authorised) No No
Russia (CBR Authorised) No No
South Africa (FSCA Authorised) Yes No
Thailand (SEC Authorised) No No
UAE (DFSA/Central Bank Authorised) No No
Tier-3 Licenses (Low Trust)OctaFXAlpari
Bahamas (SCB Authorised) No No
Belize (FSC Authorised) No No
Cayman Islands (CIMA Authorised) No No
Bermuda (BMA Authorised) No No
British Virgin Islands (FSC Authorised) No No
Mauritius (FSC Authorised) No Yes
Vanuatu (VFSC Authorised) No No
InvestmentsOctaFXAlpari
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 229 105
Forex Pairs (Total) 40 46
U.S. Stock Trading (Non CFD) No No
Int'l Stock Trading (Non CFD) No Yes
Social Trading / Copy Trading Yes Yes
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CostOctaFXAlpari
Average Spread EUR/USD - Standard 0.9 info N/A info
All-in Cost EUR/USD - Active N/A N/A info
Active Trader or VIP Discounts No Yes
Execution: Agency Broker Yes Yes
Execution: Market Maker Yes Yes
FundingOctaFXAlpari
Minimum Deposit $25 $20
PayPal (Deposit/Withdraw) No No
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsOctaFXAlpari
Proprietary Platform Yes Yes
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
Social Trading / Copy Trading Yes Yes
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) Yes Yes
cTrader No No
DupliTrade No No
ZuluTrade No No
Trading ToolsOctaFXAlpari
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 7 7
Charting - Indicators / Studies (Total) 30 30
Charting - Drawing Tools (Total) 15 15
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingOctaFXAlpari
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing No No
Mobile Charting - Indicators / Studies 30 30
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave Yes No
Forex Calendar Yes Yes
ResearchOctaFXAlpari
Daily Market Commentary Yes No
Forex News (Top-Tier Sources) Yes Yes
Autochartist Yes Yes
Trading Central (Recognia) No No
Social Sentiment - Currency Pairs No No
Economic Calendar Yes Yes
EducationOctaFXAlpari
Education (Forex or CFDs) Yes Yes
Client Webinars Yes No
Client Webinars (Archived) Yes No
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos Yes No
Investor Dictionary (Glossary) Yes Yes
Major Forex PairsOctaFXAlpari
GBP/USD Yes Yes
USD/JPY Yes Yes
EUR/USD Yes Yes
USD/CHF Yes Yes
USD/CAD Yes Yes
NZD/USD Yes Yes
AUD/USD Yes Yes
Review OctaFX Review
OverallOctaFXAlpari
Overall Rating 4/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Offering of Investments 3.5/5 Stars 3/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score 69 67
Winner check_circle
Review OctaFX Review
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OctaFX vs Alpari Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare OctaFX vs Alpari.

Does OctaFX or Alpari offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, OctaFX offers better pricing overall for traders.

Is OctaFX or Alpari safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both OctaFX and Alpari hold 0 global Tier-1 licenses. OctaFX holds 2 global Tier-2 licenses, while Alpari holds 0. In our analysis of 23 international regulators across 50 brokers, OctaFX earned a higher Trust Score than Alpari.

Which trading platform is better: OctaFX or Alpari?

To compare the trading platforms of both OctaFX and Alpari, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, OctaFX offers a better experience. With research, OctaFX offers superior market research. Finally, we found OctaFX to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both OctaFX and Alpari offer MetaTrader 4 (MT4).OctaFX and Alpari both offer copy trading.

How many forex pairs and CFDs are available to trade?

Alpari provides traders 46 currency pairs (e.g., EUR/USD) compared to OctaFX's 40 available pairs. Forex pairs aside, OctaFX offers traders access to 229 CFDs while Alpari has 105 available CFDs, a difference of 124.

Can I trust OctaFX?

OctaFX is not publicly traded and does not operate a bank. OctaFX is authorised by zero tier-1 regulators (high trust), two tier-2 regulators (average trust), and zero tier-3 regulators (low trust).

Can I trust Alpari?

Alpari is not publicly traded and does not operate a bank. Alpari is authorised by zero tier-1 regulators (high trust), zero tier-2 regulator (average trust), and one tier-3 regulator (low trust).

Is OctaFX good?

OctaFX offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform.

Is Alpari good?

Alpari is one of the first brokers to offer the MetaTrader platform glopbally before it became popular. The Alpari group of companies are regulated only in a few jurisdictions, putting the broker at a disadvantage compared to the most trusted brokers.

Overall winner: OctaFX

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