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Darwinex vs OctaFX 2020

Is Darwinex better than OctaFX? After testing 30 of the best forex brokers over five months, Darwinex is better than OctaFX. Darwinex provides forex traders with a unique social copy trading community that enables investors to buy and sell trader-developed strategies. Copy trading aside, while Darwinex also offers the full MetaTrader suite, the offering left us unimpressed.



CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature Darwinex OctaFX
Overall 4 3
Commissions & Fees 4 3.5
Offering of Investments 4 2.5
Platforms & Tools 4 3.5
Mobile Trading 3.5 3.5
Research 3.5 3
Education 3.5 3
Trust Score 82 63
73% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money
Darwinex Review OctaFX Review
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Regulation

Feature Darwinex OctaFX
Trust Score 82 63
Year Founded
2012 2011
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
1 0
Tier-2 Licenses
0 1
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature Darwinex OctaFX
ASIC Authorised (Australia)
No No
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes No
CFTC Registered (USA)
No No

Investments

Feature Darwinex OctaFX
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
41 28
CFDs - Total Offered
265 17
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes

Cost

Feature Darwinex OctaFX
Average Spread EUR/USD - Standard
N/A 1.1 (July 2020)
All-in Cost EUR/USD - Active
N/A 1.0 (July 2020)
Active Trader or VIP Discounts
Yes No

Funding

Feature Darwinex OctaFX
Minimum Initial Deposit
$500 $5
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes No
Skrill (Deposit/Withdraw)
No Yes

Trading Platforms

Feature Darwinex OctaFX
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 Yes

Trading Tools

Feature Darwinex OctaFX
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
(Default MT4) (Default MetaTrader/cTrader)
Charting - Indicators / Studies (Total)
(Default MT4) (Default MetaTrader/cTrader)
Charting - Drawing Tools (Total)
(Default MT4) (Default MetaTrader/cTrader)
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes

Mobile Trading

Feature Darwinex OctaFX
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
No No
Watch List
Yes No
Watch List Syncing
No No
Charting - Indicators / Studies
(Default MT4) (Default MetaTrader/cTrader)
Charting - Draw Trendlines
Yes No
Charting - Trendlines Moveable
No No
Charting - Multiple Time Frames
Yes No
Charting - Drawings Autosave
No No
Forex Calendar
No Yes

Research

Feature Darwinex OctaFX
Daily Market Commentary
No Yes
Forex News (Top-Tier Sources)
No Yes
Weekly Webinars
Yes Yes
AutoChartist
No Yes
Trading Central (Recognia)
No No
Delkos Research
No No
Social Sentiment - Currency Pairs
No No
Economic Calendar
No Yes

Education

Feature Darwinex OctaFX
Has Education - Forex
Yes Yes
Has Education - CFDs
Yes No
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
No No
Investor Dictionary (Glossary)
No Yes

Major Forex Pairs

Feature Darwinex OctaFX
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

Overall

Feature Darwinex OctaFX
Overall 4 3
Commissions & Fees 4 3.5
Offering of Investments 4 2.5
Platforms & Tools 4 3.5
Mobile Trading 3.5 3.5
Research 3.5 3
Education 3.5 3
Trust Score 82 63
Darwinex Review OctaFX Review
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Comparing forex brokers side by side is no easy task. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 forex and CFD brokerages to find the best forex broker. Let's compare Darwinex vs OctaFX.

Does Darwinex 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, Darwinex offers better pricing overall for traders.

Is Darwinex or OctaFX safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. Darwinex holds 1 global Tier-1 licenses, while OctaFX holds 0. OctaFX holds 1 global Tier-2 licenses, while Darwinex holds 0. All regulators considered, Darwinex has a Trust Score of 82.00, while OctaFX's Trust Score is 63.00.

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

How many forex pairs and CFDs are available to trade?
Darwinex provides traders 41 currency pairs (e.g., EUR/USD) compared to OctaFX's 28 available pairs. Forex pairs aside, Darwinex offers traders access to 265 CFDs while OctaFX has 17 available CFDs, a difference of 248.

Overall, between Darwinex and OctaFX, Darwinex is the better forex broker.

Darwinex Review
OctaFX Review

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Trading CFDs, FX, and cryptocurrencies involve 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. All data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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