IG 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 IG vs OctaFX.
Does IG 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, IG
offers better pricing overall for traders.
Is IG 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. IG holds 7 global Tier-1 licenses, while OctaFX holds 0. Both IG and OctaFX hold 2 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, IG earned a higher Trust Score than OctaFX.
Which trading platform is better: IG or OctaFX?
To compare the trading platforms of both IG and OctaFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG 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 IG and OctaFX offer MetaTrader 4 (MT4).IG and OctaFX both offer copy trading.
How many forex pairs and CFDs are available to trade?
IG provides traders 100 currency pairs (e.g., EUR/USD) compared to OctaFX's 40 available pairs. Forex pairs aside, IG offers traders access to 19537 CFDs while OctaFX has 229 available CFDs, a difference of 19308.
Can I trust IG?
IG is a publicly traded company, operates a regulated bank, and is authorised by seven tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). IG is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Swiss Financial Market Supervisory Authority (FINMA), Financial Conduct Authority (FCA), Financial Markets Authority (FMA), and the Commodity Futures Trading Commission (CFTC).
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), two tier-2 regulators (average trust), and zero tier-3 regulators (low trust).
Is IG good?
IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets.
Is OctaFX good?
OctaFX offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform.
Overall winner: IG
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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.