No broker is perfect, and OctaFX is no exception. While they do have a lot of pros, there are plenty of reasons why you might be looking for an alternative to OctaFX:
- OctaFX is not regulated by the Financial Conduct Authority
- OctaFX does not offer Ripple
- OctaFX does not offer VPS services
- OctaFX does not offer an ECN account
Whatever your reason, we've got you covered. We analyse over 150 brokers across 80+ factors, from the competitiveness of their spreads to the quality of their trade execution and regulation. Below are ten of the best OctaFX alternatives.
Top alternative: eToro
The most popular alternative to OctaFX is eToro, a brokerage regulated by the Financial Conduct Authority, UK and used by 6 million traders. Another strong alternative is AvaTrade, which is regulated by Central Bank of Ireland, ASiC, FSA and the FSB.
Here are some of the key reasons why traders choose eToro and AvaTrade over OctaFX:
|Regulator||Unregulated||Financial Conduct Authority, CySEC||Central Bank of Ireland, ASiC , FSA, FSB and BVI|
|Min. Trade||0.01 Lot||$25||0.01 Lot|
|Platforms||MT4, MT5, Web Trader, cTrader, Tablet & Mobile apps||Web Trader, Tablet & Mobile apps||MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps|
If you want to read more about eToro, we've put together an in-depth eToro review that explores their platform, spreads, and trading conditions in more detail.Visit eToro
If eToro isn't quite right, we've also listed ten suitable OctaFX alternatives below. You can click between the different instruments to compare each broker's spreads for that instrument.