AxiTrader 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 AxiTrader vs OctaFX.
Does AxiTrader 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, OctaFX
offers better pricing overall for traders.
Is AxiTrader 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. AxiTrader holds 2 global Tier-1 licenses, while OctaFX holds 0. Both AxiTrader and OctaFX hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, AxiTrader earned a higher Trust Score than OctaFX.
Which trading platform is better: AxiTrader or OctaFX?
To compare the trading platforms of both AxiTrader and OctaFX, 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 AxiTrader and OctaFX offer MetaTrader 4 (MT4).AxiTrader and OctaFX both offer copy trading.
How many forex pairs and CFDs are available to trade?
AxiTrader provides traders 65 currency pairs (e.g., EUR/USD) compared to OctaFX's 40 available pairs. Forex pairs aside, OctaFX offers traders access to 229 CFDs while AxiTrader has 175 available CFDs, a difference of 54.
Can I trust AxiTrader?
AxiTrader is not publicly traded and does not operate a bank. AxiTrader is authorised by two tier-1 regulators (high trust), one tier-2 regulators (average trust), and zero tier-3 regulators (low trust). AxiTrader is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).
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), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust).
Is AxiTrader good?
Axi, previously known as AxiTrader, is an evolving brand regulated in Australia, the UK, and the UAE. With just the MetaTrader platform available, and a limited range of investment products, Axi lags behind the best multi-asset brokers.
Is OctaFX good?
OctaFX offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform.
Overall winner: AxiTrader
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We review each broker’s overall global offering – a “Yes” 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.