Comparison of eToro and OctaFX
| Feature | eToro | OctaFX |
|---|---|---|
| Broker | ||
| Year Founded | 2006 | 2011 |
| Broker Type | MM, Social | ECN |
| Dealing | B-book | A-book |
| Execution | Instant | Market |
| Regulation | SFSA, FCA, CySEC, ASIC, SEC | FSC, MISA, CySEC |
| Platforms | eToro | MetaTrader 4 (MT4), MetaTrader 5 (MT5), OctaTrader |
| Spread | ⬈ High | ⮕ Average |
| Maximum Leverage | 1:30 | 1:1000 |
| Minimum Deposit | $200 | $25 |
| Base Currencies | USD | USD, EUR |
| Funding Methods | Bank Wire, Credit Card, Debit Card, PayPal, Skrill, Neteller, Klarna, Rapid Transfer, Trustly | Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Tether (USDT) |
| Inactivity Fee | $10 per month after 12 months | ✖ |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | $5 | ✖ |
| Investor Protection | Investor Compensation Fund (ICF) | Investor Compensation Fund (ICF) |
| Protection Size | €20 000 | €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✖ |
| Copy Trading | ✔ | ✔ |
| VPS | ✖ | ✖ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✖ | ✔ |
| EAs/Robots | ✖ | ✔ |
| Depth of Market (DOM) | ✖ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies |
| Review | eToro Review | OctaFX Review |
About eToro
eToro is a globally renowned social trading platform, offering a unique approach to forex and CFD trading through its innovative copy trading feature. Established in 2007 and regulated by multiple top-tier authorities, including the FCA, CySEC, and ASIC, eToro has become a popular choice for traders of all experience levels. The platform allows users to follow and copy successful traders, making it particularly appealing to beginners seeking to learn and profit from experienced professionals. Beyond social trading, eToro offers a diverse range of instruments, including forex, stocks, ETFs, commodities, and cryptocurrencies, making it a versatile platform for portfolio diversification. Its proprietary platform is user-friendly and comes with robust analytical tools, catering to both novice and seasoned traders. However, while eToro's zero-commission stock trading is a standout feature, its relatively high spreads and inactivity fees may deter cost-conscious traders.
Pros
- Unique copy trading feature for following successful traders
- Regulated by multiple top-tier authorities (FCA, CySEC, ASIC, etc.)
- Offers a wide range of instruments, including cryptocurrencies and stocks
- User-friendly proprietary platform with robust analytical tools
- Zero-commission stock trading for non-leveraged positions
- Integrated social features for sharing insights and strategies
Cons
- Relatively high spreads compared to other brokers
- Inactivity fees applied after 12 months of non-use
- Limited options for advanced trading platforms like MT4 or MT5
- Withdrawal fees for certain transactions
- Customer support may have delayed response times during peak periods
About OctaFX
OctaFX is a prominent forex broker established in 2011, renowned for its user-friendly trading platforms, competitive spreads, and a diverse range of account types tailored to both novice and seasoned traders. The broker offers access to an extensive selection of financial instruments, including major and minor currency pairs, commodities, indices, and cryptocurrencies, ensuring ample trading opportunities. Regulated by reputable authorities, OctaFX emphasizes security and reliability, providing a safe trading environment. Additionally, the broker supports multiple deposit and withdrawal methods, offers robust customer support around the clock, and supplies comprehensive educational resources and market analysis tools to help traders make informed decisions.
Pros
- Competitive spreads and low trading costs
- User-friendly platforms including MetaTrader 4 and 5
- Regulated by reputable authorities ensuring security
- Excellent customer support available 24/7
- Fast and diverse payment methods for deposits and withdrawals
- Comprehensive educational resources and market analysis tools
Cons
- Limited product offerings compared to some larger brokers
- Lack of variety in account types
eToro & OctaFX Regulation
| Feature | eToro | OctaFX |
|---|---|---|
Companies | eToro (Seychelles) Limited, eToro (UK) Ltd, Etoro (Europe) Ltd, eToro AUS Capital Limited, eToro USA Securities Inc. | Uni Fin Invest, Octa Markets LTD |
Countries | Seychelles, United Kingdom, Cyprus, Australia, United States | Mauritius, Comoros, Cyprus |
Regulators | SFSA, FCA, CySEC, ASIC, SEC | FSC, MISA, CySEC |
Investor Protection | Investor Compensation Fund (ICF) | Investor Compensation Fund (ICF) |
Investor Protection Size | €20 000 | €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | eToro | OctaFX |
|---|---|---|
Market Maker Account | ||
| Account Name | eToro | — |
| Min Deposit | $200 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Instant | — |
| Min Spread | 1 | — |
| Fee | No | — |
| Max Leverage | 1:30 | — |
| Stop Out | 50% | — |
| Margin Call | 100% | — |
ECN Account | ||
| Account Name | — | ECN |
| Min Deposit | — | $25 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0.6 |
| Fee | — | No |
| Max Leverage | — | 1:1000 |
| Stop Out | — | 15% |
| Margin Call | — | 25% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Funding and Fees
| Feature | eToro | OctaFX |
|---|---|---|
Base currencies | USD | USD, EUR |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, PayPal, Skrill, Neteller, Klarna, Rapid Transfer, Trustly | Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Tether (USDT) |
Inactivity fee | $10 per month after 12 months | |
Interest on margin | ||
Withdrawal fee | $5 |
Trading Platforms and Conditions
| Feature | eToro | OctaFX |
|---|---|---|
Trading Platforms | eToro | MetaTrader 4 (MT4), MetaTrader 5 (MT5), OctaTrader |
Execution Speed | 0 ms | 100 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | high | average |
Trading Assets
| Asset | eToro | OctaFX |
|---|---|---|
Currencies | 47 | 35 |
Indices | 13 | 10 |
Stocks | 2500 | 150 |
Cryptocurrencies | 112 | 34 |
Bonds | 0 | 0 |
Metals | 7 | 2 |
Energies | 2 | 4 |
Soft Commodities | 4 | 0 |
ETFs | 250 | 0 |
Education and Analytics
| Feature | eToro | OctaFX |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Customer Support
| Contact | eToro | OctaFX |
|---|---|---|
Email | customerservice@etoro.com | support@octacs.one |
Phone | +1800778439 | — |
Telegram | — | Telegram |
Facebook | — | |
LinkedIn | ||
YouTube | YouTube | YouTube |
Instagram | — | |
Twitter |
Which Broker is Better?
After comparing eToro and OctaFX, eToro comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
More Comparisons
Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.