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ETX Capital vs OctaFX 2020

Is ETX Capital better than OctaFX? After testing 30 of the best forex brokers over five months, ETX Capital is better than OctaFX. Despite a long-tenured history in the forex markets and outstanding customer service, ETX Capital struggles to keep up with industry leaders when it comes to trading platforms, tools, and research.



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 ETX Capital OctaFX
Overall 4 3
Commissions & Fees 4 3.5
Offering of Investments 4 2.5
Platforms & Tools 3.5 3.5
Mobile Trading 3.5 3.5
Research 3 3
Education 3.5 3
Trust Score 82 63
77.40% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money
ETX Capital Review OctaFX Review
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Regulation

Feature ETX Capital OctaFX
Trust Score 82 63
Year Founded
1965 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 ETX Capital 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 ETX Capital OctaFX
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
No Yes
Currency Pairs (Total Forex pairs)
60 28
CFDs - Total Offered
6000 17
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes

Cost

Feature ETX Capital OctaFX
Average Spread EUR/USD - Standard
0.81 (as of May 18) 1.1 (July 2020)
All-in Cost EUR/USD - Active
0.81 (as of May 18) 1.0 (July 2020)
Active Trader or VIP Discounts
No No

Funding

Feature ETX Capital OctaFX
Minimum Initial Deposit
$£100 $5
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
No No
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature ETX Capital OctaFX
Proprietary Platform
Yes Yes
Desktop Platform (Windows)
Yes Yes
Web Platform
No Yes
Social Trading / Copy-Trading
No Yes
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
No Yes
cTrader
No Yes

Trading Tools

Feature ETX Capital OctaFX
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
No Yes
Watchlists - Total Fields
7 (Default MetaTrader/cTrader)
Charting - Indicators / Studies (Total)
56 (Default MetaTrader/cTrader)
Charting - Drawing Tools (Total)
31 (Default MetaTrader/cTrader)
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes

Mobile Trading

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

Research

Feature ETX Capital OctaFX
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes 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 ETX Capital OctaFX
Has Education - Forex
Yes Yes
Has Education - CFDs
Yes No
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes Yes
Videos - Beginner Trading Videos
No Yes
Videos - Advanced Trading Videos
No No
Investor Dictionary (Glossary)
Yes Yes

Major Forex Pairs

Feature ETX Capital 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 ETX Capital OctaFX
Overall 4 3
Commissions & Fees 4 3.5
Offering of Investments 4 2.5
Platforms & Tools 3.5 3.5
Mobile Trading 3.5 3.5
Research 3 3
Education 3.5 3
Trust Score 82 63
ETX Capital 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 ETX Capital vs OctaFX.

Does ETX Capital 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, ETX Capital offers better pricing overall for traders.

Is ETX Capital 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. ETX Capital holds 1 global Tier-1 licenses, while OctaFX holds 0. OctaFX holds 1 global Tier-2 licenses, while ETX Capital holds 0. All regulators considered, ETX Capital has a Trust Score of 82.00, while OctaFX's Trust Score is 63.00.

Which trading platform is better: ETX Capital or OctaFX?
To compare the trading platforms of both ETX Capital and OctaFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, ETX Capital offers a better experience. With research, ETX Capital offers superior market research. Finally, we found ETX Capital 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. While OctaFX offers copy trading, ETX Capital does not. Both ETX Capital and OctaFX offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
ETX Capital provides traders 60 currency pairs (e.g., EUR/USD) compared to OctaFX's 28 available pairs. Forex pairs aside, ETX Capital offers traders access to 6000 CFDs while OctaFX has 17 available CFDs, a difference of 5,983.

Overall, between ETX Capital and OctaFX, ETX Capital is the better forex broker.

ETX Capital 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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