easyMarkets 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 easyMarkets vs OctaFX.
Does easyMarkets 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 easyMarkets 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. easyMarkets holds 1 global Tier-1 licenses, while OctaFX holds 0. Both easyMarkets and OctaFX hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, easyMarkets earned a higher Trust Score than OctaFX.
Which trading platform is better: easyMarkets or OctaFX?
To compare the trading platforms of both easyMarkets and OctaFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, easyMarkets offers a better experience. With research, OctaFX offers superior market research. Finally, we found easyMarkets 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 easyMarkets and OctaFX offer MetaTrader 4 (MT4).easyMarkets and OctaFX both offer copy trading.
How many forex pairs and CFDs are available to trade?
easyMarkets provides traders 62 currency pairs (e.g., EUR/USD) compared to OctaFX's 40 available pairs. Forex pairs aside, OctaFX offers traders access to 229 CFDs while easyMarkets has 199 available CFDs, a difference of 30.
Can I trust easyMarkets?
easyMarkets is not publicly traded and does not operate a bank. easyMarkets is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and one tier-3 regulators (low trust). easyMarkets is authorised by the following tier-1 regulator: Australian Securities & Investment Commission (ASIC).
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 easyMarkets good?
easyMarkets is easy to use and offers several unique features attractive to beginners through its proprietary trading platform. However, easyMarkets is pricey, offers only a small selection of tradeable products, and lacks market research.
Is OctaFX good?
OctaFX offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform.
Overall winner: easyMarkets
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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.