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Markets.com vs OctaFX 2023

ForexBrokers.com

Written by ForexBrokers.com

August 29, 2023

Is Markets.com better than OctaFX? In our analysis of 23 international regulators across 62 of the best forex brokers, Markets.com is considered Highly Trusted, with an overall Trust Score of 96 out of 99. OctaFX is considered Average-Risk, with an overall Trust Score of 70 out of 99. Learn more about Trust Score.

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Overall Rating Markets.com OctaFX
Overall Rating info 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 info 96 70
Winner check_circle
Review OctaFX Review
Broker Screenshots Markets.com OctaFX
Trading Platforms Gallery (click to expand) info
OctaFX OctaTrader web platform.zoom_in OctaFX Social Copy Trading web.zoom_in OctaFX social copy trading example strategy.zoom_in OctaFX social copy Trading Legend traders.zoom_in OctaFX copy trading strategy provider benefitszoom_in OctaFX market newszoom_in OctaFX market news update article detailzoom_in OctaFX MetaTrader 5 MT5 desktop platform.zoom_in OctaFX MT5 charts.zoom_in OctaFX-MetaTrader-5-MT5-forex-news-headlines.zoom_in OctaFX MetaTrader 5 desktop trading platform watchlistzoom_in
Mobile Trading Gallery (click to expand) info
OctaFX MetaTrader 5 trading app watchlistzoom_in OctaFX MetaTrader 5 trading economic calendar eventszoom_in OctaFX MetaTrader 5 trading app forex news headlineszoom_in OctaFX MetaTrader 5 trading app forex news detailszoom_in OctaFX MetaTrader 5 trading app economic calendar event detailzoom_in
Research Gallery (click to expand) info
OctaFX research section webzoom_in OctaFX research technical analysis articlezoom_in OctaFX YouTube webinar livestreamszoom_in OctaFX research world interest rate trackerzoom_in OctaFX education webinars YouTube playlist.zoom_in OctaFX education webinars.zoom_in
Education Gallery (click to expand) info
OctaFX educational articleszoom_in OctaFX FX YouTube channel archived webinarszoom_in OctaFX YouTube channelzoom_in OctaFX YouTube channelzoom_in
Regulation Markets.com OctaFX
Trust Score info 96 70
Year Founded info 1999 2011
Publicly Traded (Listed) info Yes No
Bank info No No
European Union Authorised (MiFID) info Yes info Yes info
Tier-1 Licenses info 3 1
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0
Tier-1 Licenses (Highly Trusted) Markets.com OctaFX
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info No No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
European Union Authorised (MiFID) info Yes info Yes info
Tier-2 Licenses (Trusted) Markets.com OctaFX
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info Yes Yes
UAE (DFSA/Central Bank Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments Markets.com OctaFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 2179 229
Forex Pairs (Total) info 57 40
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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).
Cost Markets.com OctaFX
Average Spread EUR/USD - Standard info 1.9 info 0.9 info
All-in Cost EUR/USD - Active info 1.9 info N/A
Active Trader or VIP Discounts info Yes No
Inactivity Fee info No No
Execution: Agency Broker info No Yes
Execution: Market Maker info Yes Yes
Funding Markets.com OctaFX
Minimum Deposit info $100 $25
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Trading Platforms Markets.com OctaFX
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools Markets.com OctaFX
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info No Yes
Watchlists - Total Fields info 6 7
Charting - Indicators / Studies (Total) info 89 30
Charting - Drawing Tools (Total) info 4 15
Charting - Trade From Chart info No Yes
Charts can be saved info Yes Yes
Mobile Trading Markets.com OctaFX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info (default on MT4, none on Markets app) 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info No Yes
Mobile Charting - Drawings Autosave info No Yes
Forex Calendar info No Yes
Research Markets.com OctaFX
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central (Recognia) info No No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education Markets.com OctaFX
Education (Forex or CFDs) info No Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info No Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info No Yes
Major Forex Pairs Markets.com OctaFX
GBP/USD info No Yes
USD/JPY info No Yes
EUR/USD info No Yes
USD/CHF info No Yes
USD/CAD info No Yes
NZD/USD info No Yes
AUD/USD info No Yes
Review OctaFX Review
Overall Markets.com OctaFX
Overall Rating info 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 info 96 70
Winner check_circle
Review OctaFX Review
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Markets.com vs OctaFX Comparison

We’ve made it easy to compare the best forex brokers, side-by-side. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test. That same research and data powers our broker comparisons. Let's compare Markets.com vs OctaFX.

Can I trust Markets.com?

Markets.com is publicly traded, does not operate a bank, and is authorised by three Tier-1 regulators (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulator (Average Risk), and one Tier-4 regulator (High Risk). Markets.com is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC).

Can I trust OctaFX?

OctaFX is not publicly traded and does not operate a bank. OctaFX is authorised by one Tier-1 regulator (high trust), one Tier-2 regulator (average trust), zero Tier-3 regulators (low trust), and zero Tier-4 regulators (High Risk). OctaFX is authorised by the following tier-1 regulators: European Union via MiFID.

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.

What is the minimum deposit requirement for opening an account with Markets.com?

To open a forex trading account with Markets.com, you'll need to make an initial minimum deposit of $100.

What is the minimum deposit requirement for opening an account with OctaFX?

Markets.com requires a minimum deposit of $25 before you can open an account and start trading forex.

What funding options does each broker offer?

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. Markets.com offers Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for banking, whereas OctaFX provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw). Neither have PayPal (Deposit/Withdraw)

Does Markets.com or OctaFX offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that OctaFX offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

Is Markets.com or OctaFX safer for forex and CFDs trading?

At ForexBrokers.com, we track over 100 international regulatory agencies to help you choose the most well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that Markets.com holds 3 global Tier-1 licenses, while OctaFX holds 1. Both Markets.com and OctaFX hold 1 global Tier-2 licenses.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that Markets.com (96) earned a higher Trust Score than OctaFX (70).

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.

Here’s what trading platforms are available at Markets.com:

  • Proprietary Platform - Yes
  • Web Platform - Yes
  • cTrader - No
  • DupliTrade - No
  • MT4 - Yes
  • MT5 - Yes
  • ZuluTrade - No
  • TradingView - No

Here’s what trading platforms are available at OctaFX:

  • Proprietary Platform - Yes
  • Web Platform - Yes
  • cTrader - No
  • DupliTrade - No
  • MT4 - Yes
  • MT5 - Yes
  • ZuluTrade - No
  • TradingView - No
OctaFX OctaTrader web platform.zoom_in OctaFX Social Copy Trading web.zoom_in OctaFX social copy trading example strategy.zoom_in OctaFX social copy Trading Legend traders.zoom_in OctaFX copy trading strategy provider benefitszoom_in OctaFX market newszoom_in OctaFX market news update article detailzoom_in OctaFX MetaTrader 5 MT5 desktop platform.zoom_in OctaFX MT5 charts.zoom_in OctaFX-MetaTrader-5-MT5-forex-news-headlines.zoom_in OctaFX MetaTrader 5 desktop trading platform watchlistzoom_in

What about MetaTrader? How about copy trading?

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both Markets.com and OctaFX offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. Markets.com and OctaFX both offer copy trading.

What can I trade with each broker?

Markets.com provides traders 57 currency pairs (e.g., EUR/USD) compared to OctaFX's 40 available pairs. If you are interested in trading CFDs, Markets.com offers traders access to 2179 CFDs, while OctaFX offers access to 229 CFDs; so Markets.com offers 1950 more CFDs than OctaFX.

We found in our testing that OctaFX offers a more diverse selection of investment options than Markets.com, allowing you to trade both brokers allow traders to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Cryptocurrency (Derivative) and Social Trading / Copy Trading. Neither have Int'l Stock Trading (Non CFD), Cryptocurrency (Physical) and Spread Betting.

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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