Written by ForexBrokers.com
Is Trade Nation better than OctaFX? In our analysis of 23 international regulators across 62 of the best forex brokers, Trade Nation is considered Average-Risk, with an overall Trust Score of 83 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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0 of 5| Overall Rating | Trade Nation | OctaFX | |
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| Trust Score | 83 | 70 | |
| Winner | check_circle | ||
| Review | Trade Nation Review | OctaFX Review |
| Broker Screenshots | Trade Nation | OctaFX | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
| Education Gallery (click to expand) |
| Regulation | Trade Nation | OctaFX | |
|---|---|---|---|
| Trust Score | 83 | 70 | |
| Year Founded | 2014 | 2011 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| European Union Authorised (MiFID) | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | Trade Nation | OctaFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| European Union Authorised (MiFID) | No | Yes |
| Tier-2 Licenses (Trusted) | Trade Nation | OctaFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Trade Nation | OctaFX | |
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| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 601 | 229 | |
| Forex Pairs (Total) | 28 | 40 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | Trade Nation | OctaFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.6 | 0.9 | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Trade Nation | OctaFX | |
|---|---|---|---|
| Minimum Deposit | $0 | $25 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
| Trading Platforms | Trade Nation | OctaFX | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Trade Nation | OctaFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 12 | 7 | |
| Charting - Indicators / Studies (Total) | 95 | 30 | |
| Charting - Drawing Tools (Total) | 36 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | No | Yes |
| Mobile Trading | Trade Nation | OctaFX | |
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| 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 | 95 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Forex Calendar | No | Yes |
| Research | Trade Nation | OctaFX | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | No | Yes |
| Education | Trade Nation | OctaFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Trade Nation | OctaFX | |
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| 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 | |
| Review | Trade Nation Review | OctaFX Review |
| Overall | Trade Nation | OctaFX | |
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| Trust Score | 83 | 70 | |
| Winner | check_circle | ||
| Review | Trade Nation Review | OctaFX Review |
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 Trade Nation vs OctaFX.
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, Trade Nation offers better pricing overall for traders.
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Trade Nation holds 2 global Tier-1 licenses, while OctaFX holds 1. Both Trade Nation and OctaFX hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, Trade Nation (83) earned a higher Trust Score than OctaFX (70).
To compare the trading platforms of both Trade Nation 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.
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both Trade Nation and OctaFX offer MetaTrader 4 (MT4).Copy trading is not offered by either broker.
OctaFX provides traders 40 currency pairs (e.g., EUR/USD) compared to Trade Nation's 28 available pairs. Forex pairs aside, Trade Nation offers traders access to 601 CFDs while OctaFX has 229 available CFDs, a difference of 372.
Trade Nation is not publicly traded and does not operate a bank. Trade Nation is authorized by two Tier-1 regulators (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and two Tier-4 regulators (High Risk). Trade Nation is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC) and Financial Conduct Authority (FCA).
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.
Trade Nation’s well-designed, easy-to-use trading app is an innovative trading platform that’s great for beginner forex and CFD traders. However, if you’re a seasoned trader, you may find that Trade Nation lacks advanced features compared to the best trading platforms.
OctaFX offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform.
Overall winner: Trade Nation
Please 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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