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Swissquote vs OctaFX 2020

Is OctaFX better than Swissquote? After testing 30 of the best forex brokers over five months, Swissquote is better than OctaFX. Traders willing to pay a premium to have their brokerage account held with a Swiss bank choose Swissquote for its competitive, multi-asset offering. That said, Swissquote's UK-based offering provides better pricing despite offering a smaller range of markets.



CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature Swissquote OctaFX
Overall 4 3
Commissions & Fees 3.5 3.5
Offering of Investments 4.5 2.5
Platforms & Tools 4 3.5
Mobile Trading 4 3.5
Research 4 3
Education 4 3
Trust Score 99 63
79% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money
Swissquote Review OctaFX Review
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Regulation

Feature Swissquote OctaFX
Trust Score 99 63
Year Founded
1996 2011
Publicly Traded (Listed)
Yes No
Bank
Yes No
Tier-1 Licenses
4 0
Tier-2 Licenses
1 1
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature Swissquote OctaFX
ASIC Authorised (Australia)
No No
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
Yes No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
Yes No
FINMA Authorised (Switzerland)
Yes No
FCA Authorised (UK)
Yes No
CFTC Registered (USA)
No No

Investments

Feature Swissquote OctaFX
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
78 28
CFDs - Total Offered
49 17
Cryptocurrency traded as actual
Yes No
Cryptocurrency traded as CFD
No Yes

Cost

Feature Swissquote OctaFX
Average Spread EUR/USD - Standard
N/A 1.1 (July 2020)
All-in Cost EUR/USD - Active
N/A 1.0 (July 2020)
Active Trader or VIP Discounts
Yes No

Funding

Feature Swissquote OctaFX
Minimum Initial Deposit
$1000.00 $5
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes No
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature Swissquote OctaFX
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 Yes

Trading Tools

Feature Swissquote OctaFX
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
7 (Default MetaTrader/cTrader)
Charting - Indicators / Studies (Total)
49 (Default MetaTrader/cTrader)
Charting - Drawing Tools (Total)
16 (Default MetaTrader/cTrader)
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes

Mobile Trading

Feature Swissquote OctaFX
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
No No
Watch List
No No
Watch List Syncing
No No
Charting - Indicators / Studies
30 (Default MetaTrader/cTrader)
Charting - Draw Trendlines
No No
Charting - Trendlines Moveable
No No
Charting - Multiple Time Frames
Yes No
Charting - Drawings Autosave
No No
Forex Calendar
No Yes

Research

Feature Swissquote OctaFX
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
Yes Yes
AutoChartist
Yes Yes
Trading Central (Recognia)
Yes No
Delkos Research
No No
Social Sentiment - Currency Pairs
No No
Economic Calendar
Yes Yes

Education

Feature Swissquote OctaFX
Has Education - Forex
Yes Yes
Has Education - CFDs
No No
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
No No
Investor Dictionary (Glossary)
Yes Yes

Major Forex Pairs

Feature Swissquote OctaFX
GBP/USD
Yes Yes
USD/JPY
Yes Yes
EUR/USD
Yes Yes
USD/CHF
Yes Yes
USD/CAD
Yes Yes
NZD/USD
Yes Yes
AUD/USD
Yes Yes

Overall

Feature Swissquote OctaFX
Overall 4 3
Commissions & Fees 3.5 3.5
Offering of Investments 4.5 2.5
Platforms & Tools 4 3.5
Mobile Trading 4 3.5
Research 4 3
Education 4 3
Trust Score 99 63
Swissquote Review OctaFX Review
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Comparing forex brokers side by side is no easy task. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 forex and CFD brokerages to find the best forex broker. Let's compare OctaFX vs Swissquote.

Does OctaFX or Swissquote 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, Swissquote offers better pricing overall for traders.

Is OctaFX or Swissquote safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. Swissquote holds 4 global Tier-1 licenses, while OctaFX holds 0. Both OctaFX and Swissquote hold 1 global Tier-2 licenses. All regulators considered, Swissquote has a Trust Score of 99.00, while OctaFX's Trust Score is 63.00.

Which trading platform is better: OctaFX or Swissquote?
To compare the trading platforms of both OctaFX and Swissquote, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Swissquote offers a better experience. With research, Swissquote offers superior market research. Finally, we found Swissquote 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. OctaFX and Swissquote both offer copy trading. Both OctaFX and Swissquote offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
Swissquote provides traders 78 currency pairs (e.g., EUR/USD) compared to OctaFX's 28 available pairs. Forex pairs aside, Swissquote offers traders access to 49 CFDs while OctaFX has 17 available CFDs, a difference of 32.

Overall, between OctaFX and Swissquote, Swissquote is the better forex broker.

OctaFX Review
Swissquote Review

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Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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