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Forex Broker Inc vs Octa
Both forex brokers have built a positive reputation, and feedback from our members supports that.
That said, Forex Broker Inc currently holds a lower overall rating (4) compared to Octa (4.1).
Forex Broker Inc has a higher minimum deposit than Octa, at 100.0.
Both platforms offer their clients bonuses, demo accounts, mobile trading, scalping.
Traders should note that
Forex Broker Inc offers a minimum lot size of 0.001 and a maximum lot size of 20.0, while Octa offers 0.01 and 1000.0.
Forex Broker Inc offers a lower maximum leverage of 1:500, whereas Octa allows trading with up to 1:1000.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 100.0 | 20.0 |
| Commission | 1.0 | 0.0 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 0.001 | 0.01 |
| Maximum lot size | 20.0 | 1000.0 |
| Spread | Variable | Fixed, Variable |
| Broker type | STP, ECN | STP, ECN |
| Maximal leverage (1:?) | 500 | 1000 |
| Availability | STP, ECN | STP, ECN |
| Regulation | No Regulation | CySEC (Cyprus), FSCA (South Africa) |
| Trading Platforms | MetaTrader 4 (MT4), Web Platform, Mobile Platform | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Octa Trader |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Neteller | Wire Transfer, Credit Card, Debit Card, Moneybookers, Perfect Money, Neteller, Skrill, FasaPay, Local Deposits, Bitcoin |
| Account Currency | USD, EUR, JPY | USD, EUR |
| Languages | English, Russian | English, Spanish, German, Portuguese, Mandarin, Chinese, Indonesian, Malay, Thai, Arabic, Vietnamese, Hindi |
| Country | Marshall Islands | Comoros |
| Trading platform(s) timezone | Malta | Comoros, Saint Vincent and the Grenadines |
| Other trading instruments | Indices, Commodities, Energies, CFDs | Indices, Commodities, Energies, CFDs, Cryptocurrency, Precious Metals |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
