Comparison of Expert Option and OctaFX
| Feature | Expert Option | OctaFX |
|---|---|---|
| Broker | ||
| Year Founded | 2014 | 2011 |
| Broker Type | MM | ECN |
| Dealing | B-book | A-book |
| Execution | Instant | Market |
| Regulation | SVGFSA | FSC, MISA, CySEC |
| Platforms | ExpertOption | MetaTrader 4 (MT4), MetaTrader 5 (MT5), OctaTrader |
| Spread | - N/A | ⮕ Average |
| Maximum Leverage | 1:1 | 1:1000 |
| Minimum Deposit | $10 | $25 |
| Base Currencies | USD | USD, EUR |
| Funding Methods | Visa, MasterCard, Maestro, UnionPay, Skrill, Neteller, Bank Wire, WhatsApp Pay, Google Pay, Binance Pay, Bitcoin (BTC), Ethereum (ETH), Tether (USDT) | Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Tether (USDT) |
| Inactivity Fee | $50 per month after 3 months | ✖ |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | FinancialCommission.org | 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, Commodities | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies |
| Review | Expert Option Review | OctaFX Review |
About Expert Option
ExpertOption is a binary options broker launched in 2014. With a $10 minimum deposit and a proprietary web/mobile platform, it lets beginners trade 60+ assets across forex, stocks and commodities in deals from 30 seconds to 8 hours. The company is a Category A member of the Financial Commission, which provides up to €20 000 compensation in case of disputes. Although not regulated by top-tier authorities and unavailable in the US, EU and dozens of other countries, ExpertOption attracts 70 million+ clients thanks to social trading, priority withdrawals for Gold+ tiers and payouts up to 95% on successful trades.
Pros
- Low $10 entry barrier with $1 trade size
- Payouts up to 95 % on binary option contracts
- Social trading feed and copy-trade feature
- Member of the Financial Commission (€20 k protection fund)
- 24/7 multilingual live-chat support
Cons
- Not supervised by FCA, ASIC or CySEC
- Only proprietary platform – no MT4/MT5 or cTrader
- Short expiries unsuited to many strategies
- Limited education compared with larger CFD brokers
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
Expert Option & OctaFX Regulation
| Feature | Expert Option | OctaFX |
|---|---|---|
Companies | EOLabs LLC | Uni Fin Invest, Octa Markets LTD |
Countries | St Vincent & the Grenadines | Mauritius, Comoros, Cyprus |
Regulators | SVGFSA | FSC, MISA, CySEC |
Investor Protection | FinancialCommission.org | Investor Compensation Fund (ICF) |
Investor Protection Size | €20 000 | €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | Expert Option | OctaFX |
|---|---|---|
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 | ||
Binary Options | ||
| Account | Binary Options | — |
| Minimum Deposit | $10 | — |
| Option Types | Call/Put | — |
| Minimum Stake | $1 | — |
| Payout | from 25% to 95% | — |
| Expiration Time | from 30 seconds to 8 hours | — |
Funding and Fees
| Feature | Expert Option | OctaFX |
|---|---|---|
Base currencies | USD | USD, EUR |
Deposit and withdrawal methods | Visa, MasterCard, Maestro, UnionPay, Skrill, Neteller, Bank Wire, WhatsApp Pay, Google Pay, Binance Pay, Bitcoin (BTC), Ethereum (ETH), Tether (USDT) | Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Tether (USDT) |
Inactivity fee | $50 per month after 3 months | |
Interest on margin | ||
Withdrawal fee |
Trading Platforms and Conditions
| Feature | Expert Option | OctaFX |
|---|---|---|
Trading Platforms | ExpertOption | MetaTrader 4 (MT4), MetaTrader 5 (MT5), OctaTrader |
Execution Speed | 80 ms | 100 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | N/A | average |
Trading Assets
| Asset | Expert Option | OctaFX |
|---|---|---|
Currencies | 17 | 35 |
Indices | 11 | 10 |
Stocks | 25 | 150 |
Cryptocurrencies | 0 | 34 |
Bonds | 0 | 0 |
Metals | 4 | 2 |
Energies | 1 | 4 |
Soft Commodities | 0 | 0 |
ETFs | 16 | 0 |
Education and Analytics
| Feature | Expert Option | OctaFX |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Customer Support
Which Broker is Better?
After comparing Expert Option and OctaFX, Expert Option 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.
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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.