Best OctaFX Alternatives for 2024

The most in depth guide to OctaFX Alternatives on the Internet.

OctaFX Alternative Brokers Compared

We found when trading having a broker you can rely on is essential. If OctaFX does not match your requirements we explain the top OctaFX alternatives and OctaFX competitors in this guide.

The best alternative for OctaFX is IC Markets or Roboforex.

When searching for a OctaFX alternative, there are a few things you need to check. The OctaFX trading platform alternative you decide upon needs features and trading fees that match your investment strategies and trading requirements.

We offer a detailed list and examination of the top OctaFX alternatives and competitors feature by feature further below this OctaFX alternatives guide.

If you are looking for a trading platform that offers similar features to OctaFX or OctaFX. Or if you are looking for features that OctaFX does not offer that you require when trading, we will show you the best OctaFX alternative options below.

We highlight the pros and cons of each OctaFX alternative. Maybe you are looking for better customer service from a OctaFX alternative or more competitive OctaFX fees and more financial instruments to trade.

We have listed some reasons why OctaFX may not be the best broker for you. But don't worry. We have compiled a list of the best alternatives below.

Top OctaFX Alternative is IC Markets

Broker
Rating 1/5 4/5 4/5
๐Ÿ’ป Trading Platforms MT4, MT5, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps
๐Ÿ“‹ Instruments Available 50 2250 100
๐Ÿ“ˆ Stocks Offered 2100 0
๐Ÿ’Ž Crypto No Yes No
๐Ÿ’น Forex Pairs 61 35
๐Ÿ“ˆ Commodities 0 20 21
๐Ÿ’ฐ Min Deposit 5 200 10
๐Ÿ‘ฑโ€โ™‚๏ธ Used By 30,000+ users 180,000+ users 1,000,000+ users
๐Ÿ“† Founded 2011 2007 2009
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation Financial Conduct Authority (FCA) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund
๐ŸŒ HQ St. Vincent and the Grenadines Australia Belize
๐Ÿšซ Excluded Countries US US, IR, CA, NZ, JP AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH
Risk Warning Losses can exceed deposits Losses can exceed deposits Losses can exceed deposits

If you want to see a more indepth feature by feature OctaFX alternative comparison, you can scroll further down here.

OctaFX Alternatives List

IC Markets
(4/5)
Min Deposit : 200
IC Markets was established in 2007 and is used by over 180000+ registered users. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.
Roboforex
(4/5)
Min Deposit : 10
Roboforex was established in 2009 and is used by over 1000000+ registered users. Losses can exceed deposits Roboforex offers Forex, CFDs.
eToro
(4/5)
Min Deposit : 100

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

eToro was established in 2007 and is used by over 30000000+ registered users. 76% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Social Trading, Stocks, Commodities, Indices, Forex (Currencies), CFDs, Cryptocurrency, Exchange Traded Funds (ETF), Index Based Funds. Cryptocurrency availability with eToro is subject to regulation. Buying and selling real cryptocurrency assets may not be available in your country through eToro. Please check the latest information made available on their website.
XTB
(4/5)
Min Deposit : 0
XTB was established in 2002 and is used by over 935000+ registered users. 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.
XM
(4/5)
Min Deposit : 5
XM was established in 2009 and is used by over 10000000+ registered users. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XM offers Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs.

octafx alternatives
OctaFX Summary

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OctaFX Tradable Financial Assets

OctaFX Alternatives

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OctaFX Trading Account Features

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OctaFX Risk Management Features

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OctaFX Fees

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OctaFX Regulation

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OctaFX Desktop Computer and Mobile Device Support

Below is an extensive list of the best alternatives to OctaFX based on our unique 256 point criteria.

Top alternative for OctaFX is IC Markets

IC Markets is the best alternative broker to OctaFX. IC Markets has been in operation for over 12 years.

IC Markets, as a brokerage is regulated. This means IC Markets are supervised by and checked for conduct by the Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)

If OctaFX or IC Markets are not what you are looking for try Roboforex.

With OctaFX, Losses can exceed deposits

With IC Markets, Losses can exceed deposits

With Roboforex, 76% of retail investor accounts lose money when trading CFDs with this provider.

Roboforex, as a brokerage is regulated. This means Roboforex are supervised by and checked for conduct by the RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund

Here are some of the key reasons why traders choose IC Markets and Roboforex over OctaFX

Broker IC Markets Roboforex eToro
Rating (4/5) (4/5) (4/5)
Reg by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
Min Deposit 200 10 100
Min Trade 0.01 Lot 0.01 Lot $10
Trading Tools MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
Risk Warning Losses can exceed deposits Losses can exceed deposits 76% of retail investor accounts lose money when trading CFDs with this provider.
Learn more Visit IC Markets Visit Roboforex Visit eToro

If you want to read more about IC Markets, we have put together an in-depth IC Markets review that explores their platform, spreads, and trading conditions in more detail.

If IC Markets does not match your criteria, have a look at the 10 best OctaFX alternatives below.

Best OctaFX Alternatives for 2024


learn more Learn more about IC Markets

Losses can exceed deposits