Is easyMarkets better than OctaFX? After testing 30 of the best forex brokers over five months, easyMarkets is better than OctaFX. 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.
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easyMarkets vs OctaFX 2020
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.
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Overall Rating
| Feature | easyMarkets | OctaFX |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 81 | 63 |
| 74% of retail CFD accounts lose money | 74-89% of retail CFD accounts lose money | |
| easyMarkets Review | OctaFX Review | |
| Winner | check_circle |
Regulation
| Feature | easyMarkets | OctaFX |
| Trust Score | 81 | 63 |
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Year Founded |
2001 | 2011 |
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Publicly Traded (Listed) |
No | No |
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Bank |
No | No |
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Tier-1 Licenses |
1 | 0 |
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Tier-2 Licenses |
1 | 1 |
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Tier-3 Licenses |
0 | 0 |
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Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses
| Feature | easyMarkets | OctaFX |
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ASIC Authorised (Australia) |
Yes | No |
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IIROC Authorised (Canada) |
No | No |
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SFC Authorised (Hong Kong) |
No | No |
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FSA Authorised (Japan) |
No | No |
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MAS Authorised (Singapore) |
No | No |
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FINMA Authorised (Switzerland) |
No | No |
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FCA Authorised (UK) |
No | No |
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CFTC Registered (USA) |
No | No |
Investments
| Feature | easyMarkets | OctaFX |
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Forex: Spot Trading |
Yes | Yes |
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Social Trading / Copy-Trading |
Yes | Yes |
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Currency Pairs (Total Forex pairs) |
62 | 28 |
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CFDs - Total Offered |
199 | 17 |
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Cryptocurrency traded as actual |
No | No |
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Cryptocurrency traded as CFD |
Yes | Yes |
Cost
| Feature | easyMarkets | OctaFX |
|
Average Spread EUR/USD - Standard |
0.9 (as of Mar 2020) | 1.1 (July 2020) |
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All-in Cost EUR/USD - Active |
0.9 (as of Mar 2020) | 1.0 (July 2020) |
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Active Trader or VIP Discounts |
Yes | No |
Funding
| Feature | easyMarkets | OctaFX |
|
Minimum Initial Deposit |
$100.00 | $5 |
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Bank Wire (Deposit/Withdraw) |
No | Yes |
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Visa/Mastercard (Credit/Debit) |
Yes | Yes |
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PayPal (Deposit/Withdraw) |
No | No |
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Skrill (Deposit/Withdraw) |
Yes | Yes |
Trading Platforms
| Feature | easyMarkets | OctaFX |
|
Proprietary Platform |
Yes | Yes |
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Desktop Platform (Windows) |
Yes | Yes |
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Web Platform |
Yes | Yes |
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Social Trading / Copy-Trading |
Yes | Yes |
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MetaTrader 4 (MT4) |
Yes | Yes |
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MetaTrader 5 (MT5) |
No | Yes |
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cTrader |
No | Yes |
Trading Tools
| Feature | easyMarkets | OctaFX |
|
Virtual Trading (Demo) |
Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes |
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Watchlists - Total Fields |
6 | (Default MetaTrader/cTrader) |
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Charting - Indicators / Studies (Total) |
(default MT4) | (Default MetaTrader/cTrader) |
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Charting - Drawing Tools (Total) |
(default MT4) | (Default MetaTrader/cTrader) |
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Charting - Trade From Chart |
Yes | Yes |
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Charting - Drawings Autosave |
Yes | Yes |
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Order Type - Trailing Stop |
Yes | Yes |
Mobile Trading
| Feature | easyMarkets | OctaFX |
|
Android App |
Yes | Yes |
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Apple iOS App |
Yes | Yes |
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Trading - Forex |
Yes | Yes |
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Trading - CFDs |
Yes | Yes |
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Alerts - Basic Fields |
No | No |
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Watch List |
Yes | No |
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Watch List Syncing |
Yes | No |
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Charting - Indicators / Studies |
81 | (Default MetaTrader/cTrader) |
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Charting - Draw Trendlines |
Yes | No |
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Charting - Trendlines Moveable |
Yes | No |
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Charting - Multiple Time Frames |
Yes | No |
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Charting - Drawings Autosave |
No | No |
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Forex Calendar |
Yes | Yes |
Research
| Feature | easyMarkets | OctaFX |
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Daily Market Commentary |
Yes | Yes |
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Forex News (Top-Tier Sources) |
Yes | Yes |
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Weekly Webinars |
No | Yes |
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AutoChartist |
No | Yes |
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Trading Central (Recognia) |
Yes | No |
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Delkos Research |
No | No |
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Social Sentiment - Currency Pairs |
Yes | No |
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Economic Calendar |
Yes | Yes |
Education
| Feature | easyMarkets | OctaFX |
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Has Education - Forex |
Yes | Yes |
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Has Education - CFDs |
Yes | No |
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Client Webinars |
No | Yes |
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Client Webinars (Archived) |
No | Yes |
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Videos - Beginner Trading Videos |
No | Yes |
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Videos - Advanced Trading Videos |
No | No |
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Investor Dictionary (Glossary) |
Yes | Yes |
Major Forex Pairs
| Feature | easyMarkets | OctaFX |
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GBP/USD |
Yes | Yes |
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USD/JPY |
Yes | Yes |
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EUR/USD |
Yes | Yes |
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USD/CHF |
Yes | Yes |
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USD/CAD |
Yes | Yes |
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NZD/USD |
Yes | Yes |
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AUD/USD |
Yes | Yes |
Overall
| Feature | easyMarkets | OctaFX |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 81 | 63 |
| easyMarkets Review | OctaFX Review | |
| Winner | check_circle |
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 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, easyMarkets 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 20 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. All regulators considered, easyMarkets has a Trust Score of 81.00, while OctaFX's Trust Score is 63.00.
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, easyMarkets 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. easyMarkets and OctaFX both offer copy trading. Both easyMarkets and OctaFX offer MetaTrader 4 (MT4).
How many forex pairs and CFDs are available to trade?
easyMarkets provides traders 62 currency pairs (e.g., EUR/USD) compared to OctaFX's 28 available pairs. Forex pairs aside, easyMarkets offers traders access to 199 CFDs while OctaFX has 17 available CFDs, a difference of 182.
Overall, between easyMarkets and OctaFX, easyMarkets is the better forex broker.
easyMarkets ReviewOctaFX 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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