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Markets.com vs OctaFX 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is Markets.com better than OctaFX? In our analysis of 23 international regulators across 62 of the best forex brokers, Markets.com is considered low-risk, with an overall Trust Score of 98 out of 99. OctaFX is considered high-risk, with an overall Trust Score of 67 out of 99. Learn more about Trust Score.

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Overall RatingMarkets.comOctaFX
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 3.5/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score 98 67
Winner check_circle
Review OctaFX Review
RegulationMarkets.comOctaFX
Trust Score 98 67
Year Founded 1999 2011
Publicly Traded (Listed) Yes No
Bank No No
Authorised in European Union Yes info Yes info
Tier-1 Licenses 2 0
Tier-2 Licenses 2 1
Tier-3 Licenses 1 0
Tier-1 Licenses (High Trust)Markets.comOctaFX
ASIC Authorised (Australia) Yes No
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) No No
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)Markets.comOctaFX
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes Yes
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) Yes No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust)Markets.comOctaFX
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) Yes No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsMarkets.comOctaFX
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 2179 229
Forex Pairs (Total) 57 40
U.S. Stock Trading (Non CFD) No No
Int'l Stock Trading (Non CFD) No No
Social Trading / Copy Trading Yes Yes
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CostMarkets.comOctaFX
Average Spread EUR/USD - Standard 1.9 info 0.9 info
All-in Cost EUR/USD - Active 1.9 info N/A
Active Trader or VIP Discounts Yes No
Execution: Agency Broker No Yes
Execution: Market Maker Yes Yes
FundingMarkets.comOctaFX
Minimum Deposit $100 $25
PayPal (Deposit/Withdraw) No No
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsMarkets.comOctaFX
Proprietary Platform Yes Yes
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
Social Trading / Copy Trading Yes Yes
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) Yes Yes
cTrader No No
DupliTrade No No
ZuluTrade No No
Trading ToolsMarkets.comOctaFX
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields No Yes
Watchlists - Total Fields 6 7
Charting - Indicators / Studies (Total) 89 30
Charting - Drawing Tools (Total) 4 15
Charting - Trade From Chart No Yes
Charts can be saved Yes Yes
Mobile TradingMarkets.comOctaFX
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing Yes No
Mobile Charting - Indicators / Studies (default on MT4, none on Markets app) 30
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames No Yes
Mobile Charting - Drawings Autosave No Yes
Forex Calendar No Yes
ResearchMarkets.comOctaFX
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes Yes
Autochartist No Yes
Trading Central (Recognia) No No
Social Sentiment - Currency Pairs Yes No
Economic Calendar Yes Yes
EducationMarkets.comOctaFX
Has Education - Forex or CFDs No Yes
Client Webinars Yes Yes
Client Webinars (Archived) No Yes
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos Yes Yes
Investor Dictionary (Glossary) No Yes
Major Forex PairsMarkets.comOctaFX
GBP/USD No Yes
USD/JPY No Yes
EUR/USD No Yes
USD/CHF No Yes
USD/CAD No Yes
NZD/USD No Yes
AUD/USD No Yes
Review OctaFX Review
OverallMarkets.comOctaFX
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 3.5/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score 98 67
Winner check_circle
Review OctaFX Review
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Markets.com 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 Markets.com vs OctaFX.

Does Markets.com 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 Markets.com 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. Markets.com holds 2 global Tier-1 licenses, while OctaFX holds 0. Markets.com holds 2 global Tier-2 licenses, while OctaFX holds 1. In our analysis of 23 international regulators across 50 brokers, Markets.com earned a higher Trust Score than OctaFX.

Which trading platform is better: Markets.com or OctaFX?

To compare the trading platforms of both Markets.com and OctaFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Markets.com offers a better experience. With research, Markets.com offers superior market research. Finally, we found Markets.com 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 Markets.com and OctaFX offer MetaTrader 4 (MT4).Markets.com and OctaFX both offer copy trading.

How many forex pairs and CFDs are available to trade?

Markets.com provides traders 57 currency pairs (e.g., EUR/USD) compared to OctaFX's 40 available pairs. Forex pairs aside, Markets.com offers traders access to 2179 CFDs while OctaFX has 229 available CFDs, a difference of 1950.

Can I trust Markets.com?

Markets.com is publicly traded, does not operate a bank, and is authorised by two tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). Markets.com is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the 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 Markets.com good?

Thanks to its web-based MarketsX platform, Markets.com is easy to use and new trader friendly. However, Markets.com is pricey and lacks the feature-rich trading tools required to compete with the best trading platforms.

Is OctaFX good?

OctaFX offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform.

Overall winner: Markets.com

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announcementPlease note:

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.

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