image FXDD VISIT FXDD image OctaFX VISIT OCTAFX image Forex.com VISIT FOREX.COM
About

FXDD is regulated by MFSA. FXDD have provided Forex, Metals, Options, CFD, Oil trading services since 2002.

OctaFX is regulated by Financial Conduct Authority soon. OctaFX have provided Forex trading services since 2011.

Forex.com is regulated by the Financial Conduct Authority. Forex.com have provided Forex, Commodities, Indices trading services since 1999.

Why choose them?
  • Yes Over 16 years in business
  • Yes
  • Yes
  • Yes Over 7 years in business
  • Yes
  • Yes
  • Yes Over 19 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
Headquarters Floriana, Malta London, UK London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) No No Yes
CFD No No Yes
Spread Betting No No No
Social Trading Yes No No
MARKETS & INSTRUMENTS
Forex (currency pairs) 80
Commodities Offered 12
Stocks Offered 10 220
Bitcoin No No Yes
Majors Yes Yes Yes
Indices No Yes Yes
US Stocks No No Yes
Penny stocks No No No
Energies No Yes Yes
Metals Yes Yes Yes
Agriculturals No No Yes
FTSE No Yes Yes
Dow Jones No Yes Yes
Dax No Yes Yes
Nikkei No Yes Yes
ETFs Yes No Yes
IPO No No Yes
See all instruments

73.6% of retail investor accounts lose money when trading CFDs with FXDD Malta Ltd.

See all instruments

Losses can exceed deposits

See all instruments

70% of retail investor accounts lose money when trading CFDs with this provider

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 Yes Yes Yes
MT5 No Yes No
MT4 Mac No No No
WebTrader Yes Yes Yes
Mirror Trader Yes No No
ZuluTrade Yes No No
Sirix No No No
cTrader No Yes No
PAMM Yes No No
Custom Platforms RoboX No FOREXTrader PRO

APPS

iOS image Yes Yes Yes
Android image Yes Yes Yes
Windows image Yes No Yes
Available Languages

English

English, Chinese, and Arabic

See platform & features

73.6% of retail investor accounts lose money when trading CFDs with FXDD Malta Ltd.

See platform & features

Losses can exceed deposits

See platform & features

70% of retail investor accounts lose money when trading CFDs with this provider

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by FXDD and OctaFX

Demo account Yes Yes Yes
Mini account Yes Yes Yes
Micro account Yes Yes No
Standard account Yes Yes Yes
ECN Account No No Yes
Islamic account Yes Yes Yes
Zero spread account No Yes No
VIP account No No No
Fixed spreads No No Yes
Variable spreads Yes Yes Yes
See account options

73.6% of retail investor accounts lose money when trading CFDs with FXDD Malta Ltd.

See account options

Losses can exceed deposits

See account options

70% of retail investor accounts lose money when trading CFDs with this provider

TRADING CONDITIONS

Scalping Yes Yes Yes
Hedging No Yes Yes
Expert advisors (EAs) Yes Yes Yes
Virtual private server No No No
Direct market access Yes No Yes
STP broker No Yes Yes
Market maker Yes Yes Yes
Min trade 01 Lot 0.01 Lot Varies
Max trade None 10 Lot 5 million
Min deposit $1 $5 $50

RISK MANAGEMENT

Stop losses Yes No Yes
Limit orders Yes Yes Yes
One-click trading Yes Yes Yes
Trailing stops Yes No Yes
Price alerts No Yes Yes
Signal trading No No No

FUNDING METHODS

Credit card No Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No No No
Neteller No Yes No
Skrill No No No
Payment processing time 2 business days Varies Varies
Withdrawal processing time 5 to 10 business days Varies 1-2 business days
See all funding options

73.6% of retail investor accounts lose money when trading CFDs with FXDD Malta Ltd.

See all funding options

Losses can exceed deposits

See all funding options

70% of retail investor accounts lose money when trading CFDs with this provider

DETAILED INFO

Excluded countries US US BE
Contact email Send Email Send Email Send Email
phone number (356) 20133933 44 20 3322 1059 Yes
Live Chat No No Yes
Website http://www.fxdd.com/mt/en.html https://www.octafx.co.uk/ http://www.forex.com
Forex Spreads
EUR/USD 0.50 1.00
GBP/USD 0.30 1.00
USD/JPY 0.40 0.90
AUD/USD 1.7 0.6 1.2
Cryptocurrency Spreads N/A N/A N/A
View all FX spreads

73.6% of retail investor accounts lose money when trading CFDs with FXDD Malta Ltd.

View all FX spreads

Losses can exceed deposits

View all FX spreads

70% of retail investor accounts lose money when trading CFDs with this provider

INDICE SPREADS
Dax 30 28.0 0.6 250.0
Nasdaq 100 30.0 0.2 130.0
Euro Stoxx 50 N/A 1.0 4.0
ASX 200
S&P 500 10.0 0.2 50.0
FTSE 100 30.0 0.4 150.0
Google 48 N/A N/A
Facebook 5 N/A N/A
View all spreads

73.6% of retail investor accounts lose money when trading CFDs with FXDD Malta Ltd.

View all spreads

Losses can exceed deposits

View all spreads

70% of retail investor accounts lose money when trading CFDs with this provider

FEES

Inactivity Fee No No
Commission No No No
Deposit Fee No No
Withdrawal Fee No No No
View All Fees

73.6% of retail investor accounts lose money when trading CFDs with FXDD Malta Ltd.

View All Fees

Losses can exceed deposits

View All Fees

70% of retail investor accounts lose money when trading CFDs with this provider

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Last update

All information collected from http://www.fxdd.com/mt/en.html. Last updated on 01/07/2019.

All information collected from https://www.octafx.co.uk/. Last updated on 01/07/2019.

All information collected from http://www.forex.com. Last updated on 01/07/2019.

Company

FXDD is a trusted online broker regulated by multiple authorities around the world including the Financial Conduct Authority in the UK. FXDD offer customised solutions to everyone from retail traders, hedge fund managers to white label products. Their global reach and state of the art technology have enabled FXDD to outgrow other brokerages and become a global force in Forex trading. They provide customer service in 13 languages and have a devoted client service no matter the size of the trader. FXDD also provide comprehensive training to cater for all levels of traders and hold daily interactive classes taught by expert analysts on top of the web based tools including trading calculators. They provide two simple pricing models, standard and ECN. Standard offers low spreads with no commissions and guaranteed zero slippage. ECN provides low direct raw spreads with no markups and a small $2.99 per standard lot commission with a 99% fill rate.

OctaFX is an online forex trading service provider who are regulated by the Financial Conduct Authority. To open an account with OctaFX, minimum deposits start from $5.

With OctaFX you can trade Forex. If you like to trade on the go, OctaFX have iPhone, iPad and Android apps so you can trade from anywhere on your phone.

OctaFX offer MetaTrader 4, Metatrader 4 for PC, Metatrader 4 for iOS, Metatrader 4 for Android, cTrader, cT Desktop, cT iOS, cT Android, cT Web-based client platforms to make your trades and support 7 different languages.

The spreads offered by OctaFX for the most popular instruments are:
0.6 EUR/USD, n/a FTSE 100, 4.5 GOLD,
0.6 GBP/USD, n/a DOW/JONES, n/a Crude Oil,
see all the spreads here.



For more information about trading with OctaFX, we have put together an indepth OctaFX review with all the pros and cons about this broker.

FOREX is a market leading broker with over 15 years' experience in the industry serving over 200,000 traders worldwide. As a publically traded company on the NY stock exchange, regulated by multiple regulating bodies including the Financial Conduct Authority in UK, FOREX is a broker you can trust. FOREX offer competitive pricing through its advanced technology and execute your trades fast and at the price you expect or better. Pricing is simple and easy to understand with no complicated commission structures or small print, you know what you will pay. With a commitment to customer support they offer 24 hour support from 9pm Sun through to 9pm Friday.

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FXDD or OctaFX?

A wide range of instruments or low spreads?

If you’re a trader looking for a broker that offers a wide variety of instruments to trade, FXDD is likely the better option out of these brokers. However, if you want a broker with lower spreads on currency pairs like EUR/USD, OctaFX may be more appropriate.

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider OctaFX to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

FXDD is regulated by MFSA, while OctaFX is regulated by FSA.

Forex.com are also regulated by the Financial Conduct Authority.

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

FXDD has been around for 17 years, while OctaFX have been around for 8 years. Our third alternative broker, Forex.com, have been around for 20 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

Both FXDD and OctaFX use tier one banks, but we are not sure of which bank specifically.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

OctaFX is more popular with over 300,000 traders.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

Both FXDD and OctaFX are privately owned companies.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

FXDD are based in Floriana, Malta, while OctaFX are based in London, UK.

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both FXDD and OctaFX offer forex trading. Also, if you’re looking to trade cryptocurrencies,

neither FXDD nor FXDD offer commodity trading.

FXDD also offer social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.

Platforms & Account Types

If you trade forex, there’s a good chance you might want a broker that offers the popular MT4 trading platform. If that’s the case, both FXDD and OctaFX offer this. OctaFX also offer the new & improved MT5 platform. Our alternative broker, Forex.com, also offers MT4 and MT5.

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs.

For Muslim traders, FXDD offers an Islamic account, which doesn’t accrue interest or incur/receive rollover swap points, as this is prohibited in Shariah law. You can learn more & compare Islamic trading accounts head-to-head here.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

FXDD does allow scalping but doesn't allow hedging. While OctaFX also allows scalping and hedging. You can trade with EAs (expert advisors) on both FXDD and OctaFX.

In terms of risk management tools, neither FXDD or OctaFX offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.

FXDD also offer stop losses and limit orders to help you automate aspects of your trading strategy.

OctaFX accept Neteller.

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, FXDD charges 0.50 points, while OctaFX charges points. Therefore, OctaFX is the more affordable for this instrument. If you want to compare their spreads across more instruments, You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: FXDD or OctaFX?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, OctaFX is more reliable based on our criteria above. FXDD has a wider range of instruments to trade. OctaFX offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.