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XM Group vs OctaFX 2020

Is OctaFX better than XM Group? After testing 30 of the best forex brokers over five months, XM Group is better than OctaFX. While XM Group struggles to stack up against industry leaders, in terms of its platform offering, range of markets, and pricing, XM Group provides an outstanding offering of quality educational content and market research.



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 XM Group OctaFX
Overall 4 3
Commissions & Fees 3.5 3.5
Offering of Investments 4 2.5
Platforms & Tools 3.5 3.5
Mobile Trading 3.5 3.5
Research 4 3
Education 4 3
Trust Score 84 63
77.55% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money
XM Group Review OctaFX Review
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Regulation

Feature XM Group OctaFX
Trust Score 84 63
Year Founded
2009 2011
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
2 0
Tier-2 Licenses
2 1
Tier-3 Licenses
1 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

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

Investments

Feature XM Group OctaFX
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
57 28
CFDs - Total Offered
1273 17
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
No Yes

Cost

Feature XM Group OctaFX
Average Spread EUR/USD - Standard
1.6 (Aug 2020) 1.1 (July 2020)
All-in Cost EUR/USD - Active
0.8 (Aug 2020) 1.0 (July 2020)
Active Trader or VIP Discounts
No No

Funding

Feature XM Group OctaFX
Minimum Initial Deposit
$5-100 $5
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
No No
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature XM Group OctaFX
Proprietary Platform
No 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 XM Group OctaFX
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
(Default MT4/MT5) (Default MetaTrader/cTrader)
Charting - Indicators / Studies (Total)
(Default MT4/MT5) (Default MetaTrader/cTrader)
Charting - Drawing Tools (Total)
(Default MT4/MT5) (Default MetaTrader/cTrader)
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes

Mobile Trading

Feature XM Group OctaFX
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes No
Watch List
Yes No
Watch List Syncing
Yes No
Charting - Indicators / Studies
(Default MT4/MT5) (Default MetaTrader/cTrader)
Charting - Draw Trendlines
Yes No
Charting - Trendlines Moveable
No No
Charting - Multiple Time Frames
Yes No
Charting - Drawings Autosave
No No
Forex Calendar
No Yes

Research

Feature XM Group 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
Yes No
Economic Calendar
Yes Yes

Education

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

Major Forex Pairs

Feature XM Group 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 XM Group OctaFX
Overall 4 3
Commissions & Fees 3.5 3.5
Offering of Investments 4 2.5
Platforms & Tools 3.5 3.5
Mobile Trading 3.5 3.5
Research 4 3
Education 4 3
Trust Score 84 63
XM Group 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 XM Group.

Does OctaFX or XM Group 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, XM Group offers better pricing overall for traders.

Is OctaFX or XM Group 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. XM Group holds 2 global Tier-1 licenses, while OctaFX holds 0. XM Group holds 2 global Tier-2 licenses, while OctaFX holds 1. All regulators considered, XM Group has a Trust Score of 84.00, while OctaFX's Trust Score is 63.00.

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

How many forex pairs and CFDs are available to trade?
XM Group provides traders 57 currency pairs (e.g., EUR/USD) compared to OctaFX's 28 available pairs. Forex pairs aside, XM Group offers traders access to 1273 CFDs while OctaFX has 17 available CFDs, a difference of 1,256.

Overall, between OctaFX and XM Group, XM Group is the better forex broker.

OctaFX Review
XM Group 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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