Spreadex 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 Spreadex vs OctaFX.
Does Spreadex 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 Spreadex 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. Both Spreadex and OctaFX hold 1 global Tier-1 licenses. OctaFX holds 1 global Tier-2 licenses, while Spreadex holds 0. In our analysis of 23 international regulators across 50 brokers, Spreadex (71) earned a higher Trust Score than OctaFX (70).
Which trading platform is better: Spreadex or OctaFX?
To compare the trading platforms of both Spreadex and OctaFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, OctaFX offers a better experience. With research, OctaFX offers superior market research. Finally, we found OctaFX 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?
Spreadex provides traders 52 currency pairs (e.g., EUR/USD) compared to OctaFX's 40 available pairs. Forex pairs aside, Spreadex offers traders access to 2000 CFDs while OctaFX has 229 available CFDs, a difference of 1771.
Can I trust Spreadex?
Spreadex is not publicly traded and does not operate a bank. Spreadex is authorised by one tier-1 regulator (Highly Trusted), zero tier-2 regulators (Trusted), zero tier-3 regulators (Average Risk), and zero tier-4 regulators (High Risk). Spreadex is authorised by the following tier-1 regulator: Financial Conduct Authority (FCA).
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 Spreadex good?
SpreadEx is an FCA-regulated broker in the UK, offering forex and CFDs, and is well known for its sports betting business, and proprietary web trading platforms. SpreadEx still has considerable room to improve, in key categories such as research and education, compared to the best forex brokers.
Is OctaFX good?
OctaFX offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform.
Overall winner: Spreadex
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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.