Comparison of OctaFX and Olymp Trade
| Feature | OctaFX | Olymp Trade |
|---|---|---|
| Broker | ||
| Year Founded | 2011 | 2014 |
| Broker Type | ECN | MM |
| Dealing | A-book | B-book |
| Execution | Market | Instant |
| Regulation | FSC, MISA, CySEC | VFSC |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), OctaTrader | Olymp Trade |
| Spread | ⮕ Average | ⬈ High |
| Maximum Leverage | 1:1000 | 1:500 |
| Minimum Deposit | $25 | $10 |
| Base Currencies | USD, EUR | USD, EUR, USDT |
| Funding Methods | Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Tether (USDT) | Visa/MasterCard, Maestro, UnionPay, Bank Wire, Neteller, Skrill, WebMoney, Perfect Money, Volet.com, Binance Pay, Bitcoin (BTC), Tether (USDT), Shiba Inu (SHIB), Dogecoin (DOGE), Solana (SOL), Polygon (MATIC), Dai (DAI), Binance Coin (BNB), TRON (TRX), USD Coin (USDC), XRP (XRP) |
| Inactivity Fee | ✖ | $10 per month after 3 months |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | Investor Compensation Fund (ICF) | FinancialCommission.org |
| 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, Cryptocurrencies, Metals, Energies | Currencies, Stocks, Cryptocurrencies, Metals, Energies, Indices, ETFs, OTC, Composite |
| Review | OctaFX Review | Olymp Trade Review |
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
About Olymp Trade
Olymp Trade is a multi-asset broker founded in 2014 and best known for its low $10 entry threshold, proprietary all-in-one platform and dual modes: Fixed-Time Trades (FTT) and Forex. The broker is a Category A member of the International Financial Commission, giving clients access to a €20 000 compensation fund in case of disputes. Although not overseen by top-tier regulators, Olymp Trade attracts beginners with an unlimited demo, negative-balance protection and more than 100 instruments across seven markets. At the same time, higher trading costs on Forex contracts and geo-restrictions for US, UK and most EU residents limit its appeal to seasoned professionals.
Pros
- Ultra-low $10 minimum deposit and $1 trade size
- Proprietary web, desktop and mobile platform with intuitive UI
- Membership of the Financial Commission with €20 000 compensation
- Unlimited, refillable demo account
- Over 100 instruments across 7 asset classes
- Negative balance protection and fast withdrawals
Cons
- No MT4/MT5 or cTrader support
- Not regulated by FCA, ASIC or CySEC
- Forex mode charges commission on each trade
OctaFX & Olymp Trade Regulation
| Feature | OctaFX | Olymp Trade |
|---|---|---|
Companies | Uni Fin Invest, Octa Markets LTD | Aollikus Limited, Visepoint Limited, Martique Limited |
Countries | Mauritius, Comoros, Cyprus | Vanuatu, Malta, Cyprus |
Regulators | FSC, MISA, CySEC | VFSC |
Investor Protection | Investor Compensation Fund (ICF) | FinancialCommission.org |
Investor Protection Size | €20 000 | €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | OctaFX | Olymp Trade |
|---|---|---|
Market Maker Account | ||
| Account Name | — | Forex |
| Min Deposit | — | $10 |
| Lot Size | — | 0.01 |
| Spread Type | — | Fixed |
| Execution | — | Instant |
| Min Spread | — | 2 |
| Fee | — | $8 per 1 lot |
| Max Leverage | — | 1:500 |
| Stop Out | — | 100% |
| 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 | ||
Binary Options | ||
| Account | — | Fixed Time |
| Minimum Deposit | — | $10 |
| Option Types | — | Call/Put (FTT), Quickler |
| Minimum Stake | — | $1 |
| Payout | — | from 10% to 93% |
| Expiration Time | — | from 5 seconds to 23 hours |
Funding and Fees
| Feature | OctaFX | Olymp Trade |
|---|---|---|
Base currencies | USD, EUR | USD, EUR, USDT |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Tether (USDT) | Visa/MasterCard, Maestro, UnionPay, Bank Wire, Neteller, Skrill, WebMoney, Perfect Money, Volet.com, Binance Pay, Bitcoin (BTC), Tether (USDT), Shiba Inu (SHIB), Dogecoin (DOGE), Solana (SOL), Polygon (MATIC), Dai (DAI), Binance Coin (BNB), TRON (TRX), USD Coin (USDC), XRP (XRP) |
Inactivity fee | $10 per month after 3 months | |
Interest on margin | ||
Withdrawal fee |
Trading Platforms and Conditions
| Feature | OctaFX | Olymp Trade |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), OctaTrader | Olymp Trade |
Execution Speed | 100 ms | 80 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | average | high |
Trading Assets
| Asset | OctaFX | Olymp Trade |
|---|---|---|
Currencies | 35 | 28 |
Indices | 10 | 11 |
Stocks | 150 | 33 |
Cryptocurrencies | 34 | 19 |
Bonds | 0 | 0 |
Metals | 2 | 2 |
Energies | 4 | 1 |
Soft Commodities | 0 | 0 |
ETFs | 0 | 6 |
Education and Analytics
| Feature | OctaFX | Olymp Trade |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Customer Support
Which Broker is Better?
After comparing OctaFX and Olymp Trade, Olymp Trade 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.