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AvaTrade vs OctaFX 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is AvaTrade better than OctaFX? In our analysis of 23 international regulators across 62 of the best forex brokers, AvaTrade is considered low-risk, with an overall Trust Score of 93 out of 99. OctaFX is considered high-risk, with an overall Trust Score of 69 out of 99. Learn more about Trust Score.

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Compare

0 of 5
Overall Rating AvaTrade OctaFX
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 5/5 Stars 3.5/5 Stars
Trust Score info 93 69
Winner check_circle
Review AvaTrade Review OctaFX Review
Broker Screenshots AvaTrade OctaFX
Trading Platforms Gallery (click to expand) info
Research Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation AvaTrade OctaFX
Trust Score info 93 69
Year Founded info 2006 2011
Publicly Traded (Listed) info No No
Bank info No No
European Union Authorised (MiFID) info Yes info Yes info
Tier-1 Licenses info 4 0
Tier-2 Licenses info 4 2
Tier-3 Licenses info 1 0
Tier-1 Licenses (High Trust) AvaTrade OctaFX
Australia (ASIC Authorised) info Yes No
Canada (SRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
CBI Authorised (Ireland) info Yes No
Japan (SFC Authorised) info Yes No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info No No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Tier-2 Licenses (Average Trust) AvaTrade OctaFX
China (CBRC Authorised) info No No
Cyprus (CySEC Authorised) info Yes Yes
India (SEBI Authorised) info No No
Israel (ISA Authorised) info Yes No
Russia (CBR Authorised) info No No
South Africa (FSCA Authorised) info Yes Yes
Thailand (SEC Authorised) info No No
UAE (DFSA/Central Bank Authorised) info Yes No
Tier-3 Licenses (Low Trust) AvaTrade OctaFX
Bahamas (SCB Authorised) info No No
Belize (FSC Authorised) info No No
Cayman Islands (CIMA Authorised) info No No
Bermuda (BMA Authorised) info No No
British Virgin Islands (FSC Authorised) info Yes No
Mauritius (FSC Authorised) info No No
Vanuatu (VFSC Authorised) info No No
Investments AvaTrade OctaFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1260 229
Forex Pairs (Total) info 55 40
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info 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).
Cost AvaTrade OctaFX
Average Spread EUR/USD - Standard info 0.92 info 0.9 info
All-in Cost EUR/USD - Active info 0.61 info N/A
Active Trader or VIP Discounts info Yes No
Execution: Agency Broker info No Yes
Execution: Market Maker info Yes Yes
Funding AvaTrade OctaFX
Minimum Deposit info $100 $25
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Trading Platforms AvaTrade OctaFX
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info No No
DupliTrade info Yes No
ZuluTrade info Yes No
Trading Tools AvaTrade OctaFX
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 7
Charting - Indicators / Studies (Total) info 80 30
Charting - Drawing Tools (Total) info 13 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading AvaTrade OctaFX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 73 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info No Yes
Forex Calendar info Yes Yes
Research AvaTrade OctaFX
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education AvaTrade OctaFX
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs AvaTrade OctaFX
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review AvaTrade Review OctaFX Review
Overall AvaTrade OctaFX
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 5/5 Stars 3.5/5 Stars
Trust Score info 93 69
Winner check_circle
Review AvaTrade Review OctaFX Review
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AvaTrade vs OctaFX 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 AvaTrade vs OctaFX.

Does AvaTrade or OctaFX 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, AvaTrade offers better pricing overall for traders.

Is AvaTrade or OctaFX 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. AvaTrade holds 4 global Tier-1 licenses, while OctaFX holds 0. AvaTrade holds 4 global Tier-2 licenses, while OctaFX holds 2. In our analysis of 23 international regulators across 50 brokers, AvaTrade earned a higher Trust Score than OctaFX.

Which trading platform is better: AvaTrade or OctaFX?

To compare the trading platforms of both AvaTrade and OctaFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, AvaTrade offers a better experience. With research, OctaFX offers superior market research. Finally, we found AvaTrade 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 AvaTrade and OctaFX offer MetaTrader 4 (MT4).AvaTrade and OctaFX both offer copy trading.

How many forex pairs and CFDs are available to trade?

AvaTrade provides traders 55 currency pairs (e.g., EUR/USD) compared to OctaFX's 40 available pairs. Forex pairs aside, AvaTrade offers traders access to 1260 CFDs while OctaFX has 229 available CFDs, a difference of 1031.

Can I trust AvaTrade?

AvaTrade is not publicly-traded and does not operate a bank. AvaTrade is authorised by four tier-1 regulators (high trust), four tier-2 regulators (average trust), and one tier-3 regulator (low trust). AvaTrade is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Central Bank of Ireland (CBI) and the Japanese Financial Services Authority (JFSA), and via Friedberg Direct, with the Investment Industry Regulatory Organization of Canada (IIROC).

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).

Is AvaTrade good?

AvaTrade is a trusted global brand best known for offering an extensive selection of trading platforms for forex and CFD traders, as well as exceptional educational content that helped it nab a Best in Class rating for Beginners for 2022.

Is OctaFX good?

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

Overall winner: AvaTrade

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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