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Plus500 vs OctaFX 2023

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Written by ForexBrokers.com

August 29, 2023

Is Plus500 better than OctaFX? In our analysis of 23 international regulators across 62 of the best forex brokers, Plus500 is considered Highly Trusted, with an overall trust score of 99 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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Compare

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Overall Rating Plus500 OctaFX
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score info 99 70
Winner check_circle
Review Plus500 Review OctaFX Review
Broker Screenshots Plus500 OctaFX
Trading Platforms Gallery (click to expand) info
Plus500 trading platform EURUSDzoom_in Plus500 trading platform +Insights global trends research powered by Trading Central and FactSet data.zoom_in Plus500 web trading platform light themezoom_in Plus500 web trading platform chartszoom_in Plus500 web trading platform economic calendar Dow Joneszoom_in Plus500 web trading platform sentiment datazoom_in Plus500 web trading platform upcoming events per instrumentzoom_in Plus500 web trading platform alertszoom_in
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
Plus500 mobile trading app watchlistzoom_in Plus500 mobile trading app settingszoom_in Plus500 mobile trading app instrument explorerzoom_in Plus500 mobile trading app forex optionszoom_in Plus500 mobile trading app economic calendarzoom_in Plus500 mobile trading app alertszoom_in Plus500 mobile trading app charts landscape viewzoom_in
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
Plus500 market analysis news article detailzoom_in Plus500 market analysis news articleszoom_in
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
Plus500 educational video YouTube playlistzoom_in Plus500 webinars with Corellian Academy YouTube video playlist.zoom_in Plus500 webinars with Corellian Academy YouTube video.zoom_in
OctaFX educational articleszoom_in OctaFX FX YouTube channel archived webinarszoom_in OctaFX YouTube channelzoom_in OctaFX YouTube channelzoom_in
Regulation Plus500 OctaFX
Trust Score info 99 70
Year Founded info 2008 2011
Publicly Traded (Listed) info Yes No
Bank info No No
European Union Authorised (MiFID) info Yes info Yes info
Tier-1 Licenses info 6 1
Tier-2 Licenses info 3 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0
Tier-1 Licenses (Highly Trusted) Plus500 OctaFX
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info Yes No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info Yes No
European Union Authorised (MiFID) info Yes info Yes info
Tier-2 Licenses (Trusted) Plus500 OctaFX
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info Yes No
South Africa (FSCA Authorised) info Yes Yes
UAE (DFSA/Central Bank Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments Plus500 OctaFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 2800 229
Forex Pairs (Total) info 65 40
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info No 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). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. 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 Plus500 OctaFX
Average Spread EUR/USD - Standard info 0.8 (August 2021) info 0.9 info
All-in Cost EUR/USD - Active info N/A N/A
Active Trader or VIP Discounts info No No
Inactivity Fee info No No
Execution: Agency Broker info No Yes
Execution: Market Maker info Yes Yes
Funding Plus500 OctaFX
Minimum Deposit info €100 $25
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Trading Platforms Plus500 OctaFX
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info No Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info No Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools Plus500 OctaFX
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 9 7
Charting - Indicators / Studies (Total) info 110 30
Charting - Drawing Tools (Total) info 21 15
Charting - Trade From Chart info No Yes
Charts can be saved info Yes Yes
Mobile Trading Plus500 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 110 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info No Yes
Forex Calendar info Yes Yes
Research Plus500 OctaFX
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info No Yes
Autochartist info No Yes
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education Plus500 OctaFX
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info No Yes
Major Forex Pairs Plus500 OctaFX
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review Plus500 Review OctaFX Review
Overall Plus500 OctaFX
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score info 99 70
Winner check_circle
Review Plus500 Review OctaFX Review
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Plus500 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 Plus500 vs OctaFX.

Does Plus500 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, Plus500 offers better pricing overall for traders.

Is Plus500 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. Plus500 holds 6 global Tier-1 licenses, while OctaFX holds 1. Plus500 holds 3 global Tier-2 licenses, while OctaFX holds 1. In our analysis of 23 international regulators across 50 brokers, Plus500 (99) earned a higher Trust Score than OctaFX (70).

Which trading platform is better: Plus500 or OctaFX?

To compare the trading platforms of both Plus500 and OctaFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Plus500 offers a better experience. With research, Plus500 offers superior market research. Finally, we found Plus500 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. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

Plus500 provides traders 65 currency pairs (e.g., EUR/USD) compared to OctaFX's 40 available pairs. Forex pairs aside, Plus500 offers traders access to 2800 CFDs while OctaFX has 229 available CFDs, a difference of 2571.

Can I trust Plus500?

Plus500 is publicly traded and does not operate a bank. Plus500 is authorised by six Tier-1 regulators (Highly Trusted), three Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). Plus500 is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA), Australian Securities & Investment Commission (ASIC), Japanese Financial Services Authority (JFSA), Financial Markets Authority (FMA), European Union via MiFID, and the Monetary Authority of Singapore (MAS).

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 Plus500 good?

Plus500 is a trusted global brand that offers an easy-to-use trading platform for online traders, alongside access to a thorough selection of CFDs. Share trading is available, but only via its Plus500 Invest product offering.

Is OctaFX good?

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

Overall winner: Plus500

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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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