FxPro vs OctaFX Comparison
Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare FxPro vs OctaFX.
Does FxPro 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 FxPro 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. FxPro holds 1 global Tier-1 licenses, while OctaFX holds 0. FxPro holds 2 global Tier-2 licenses, while OctaFX holds 1. In our analysis of 23 international regulators across 50 brokers, FxPro earned a higher Trust Score than OctaFX.
Which trading platform is better: FxPro or OctaFX?
To compare the trading platforms of both FxPro and OctaFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, FxPro offers a better experience. With research, OctaFX offers superior market research. Finally, we found FxPro 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 FxPro and OctaFX offer MetaTrader 4 (MT4).FxPro and OctaFX both offer copy trading.
How many forex pairs and CFDs are available to trade?
FxPro provides traders 70 currency pairs (e.g., EUR/USD) compared to OctaFX's 28 available pairs. Forex pairs aside, FxPro offers traders access to 2175 CFDs while OctaFX has 52 available CFDs, a difference of 2123.
Can I trust FxPro?
FxPro is not publicly traded and does not operate a bank. FxPro is authorised by one tier-1 regulator (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). FxPro is authorised by the following tier-1 regulators: 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 FxPro good?
FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
Is OctaFX good?
OctaFX offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform.
Overall winner: FxPro
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