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Octa vs Garnet Trade
Both forex brokers have built a positive reputation, and feedback from our members supports that.
That said, Octa currently holds a stronger overall rating (4.1) than Garnet Trade (0).
Octa has a lower minimum deposit, at 20.0.
Both platforms offer their clients bonuses, demo accounts, mobile trading, scalping.
Traders should note that
both companies offer the same minimum lot size 0.01, but Octa has a maximum lot size of 1000.0, while Garnet Trade offers 100.0.
Octa offers a greater leverage limit of 1:1000, whereas Garnet Trade allows a maximum of only 1:500.
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 ($) | 20.0 | 100.0 |
| Commission | 0.0 | 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 | 4 |
| Minimum lot size | 0.01 | 0.01 |
| Maximum lot size | 1000.0 | 100.0 |
| Spread | Fixed, Variable | Variable |
| Broker type | STP, ECN | STP, ECN, NDD, DMA, Prime of Prime, Pro |
| Maximal leverage (1:?) | 1000 | 500 |
| Availability | STP, ECN | STP, ECN, NDD, DMA, Prime of Prime, Pro |
| Regulation | CySEC (Cyprus), FSCA (South Africa) | - |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Octa Trader | MetaTrader 5 (MT5) |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Moneybookers, Perfect Money, Neteller, Skrill, FasaPay, Local Deposits, Bitcoin | Wire Transfer, Credit Card, Debit Card, Crypto, USDT, Visa, Mastercard, cryptoPay |
| Account Currency | USD, EUR | USD |
| Languages | English, Spanish, German, Portuguese, Mandarin, Chinese, Indonesian, Malay, Thai, Arabic, Vietnamese, Hindi | English, Spanish, French, German, Portuguese, Italian, Russian, Arabic, Farsi, Turkish, Persian |
| Country | Comoros | Australia |
| Trading platform(s) timezone | Comoros, Saint Vincent and the Grenadines | Canada, United Kingdom |
| Other trading instruments | Indices, Commodities, Energies, CFDs, Cryptocurrency, Precious Metals | Stocks, Options, Indices, Commodities, Energies, Shares, CFDs, Cryptocurrency, Precious Metals, Share CFDs, Other, Forex, Cryptos*, CFDs on Indices, CFDs: Indices, Commodities, Energies, Equities |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
