OctaFX

OctaFX

4.8 out of 5 stars
cTrader

cTrader

5.0 out of 5 stars
OctaFX cTrader

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OctaFX:

About

The decade of achievements, awards, and steady access to global financial markets for over four million traders. Create trading accounts, modify leverage, enable swap-free options, edit and restore passwords. Make deposits and withdrawals using the most popular payment options. View your detailed overall or account operation history, apply convenient filters to it and cancel your previous deposit. Start trading in a compatible trading platform app. View contest statistics and access your contest accounts. Activate bonuses and view statistics on active and completed bonuses. OctaFX Forex Broker ensures reliable Forex trading conditions to provide traders of all skill levels with an opportunity to earn more. OctaFX, one of the best Forex brokers on the market, for traders all round the world. OctaFX offers access to CFD trading, commodity trading and indices trading with award-winning Forex trading conditions.
cTrader:

About

cTrader is a complete trading platform solution for Forex and CFD brokers to offer their traders. The platform is packed with a full range of features to cater to each and every investment preference imaginable. cTrader is a leading multi-asset Forex and CFD trading platform, offering rich charting tools, advanced order types, level II pricing, and fast entry and execution. With a stunning user interface, it’s connected to the most sophisticated backend technology, and made available on multiple devices. cTrader Copy enables anyone to become a Strategy Provider, and to broadcast their trading strategy for a commission or fee. Other traders can search and copy the strategies available, and enjoy a commitment-free investing. Additionally, traders can use their own risk management settings. cTrader Automate is a powerful and intuitive solution, giving traders the opportunity to develop algorithmic trading robots to automate their trading strategies.
OctaFX:

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Supported
iPad Supported
Android Supported
Chromebook Not Supported
cTrader:

Platforms Supported

Windows Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Supported
iPad Supported
Android Supported
Chromebook Not Supported
OctaFX:

Audience

Users looking for a Forex broker solution to get access to CFD trading, commodity trading and indices trading
cTrader:

Audience

Brokers interested in a trading platform solution to manage and optimize their investment operations
OctaFX:

Support

Phone Support Not Supported
24/7 Live Support Supported
Online Supported
cTrader:

Support

Phone Support Not Supported
24/7 Live Support Not Supported
Online Supported
OctaFX:

API

Offers API Not Supported
cTrader:

API

Offers API Supported
OctaFX:

Screenshots and Videos

cTrader:

Screenshots and Videos

OctaFX:

Pricing

No information available.
Free Version Not Supported
Free Trial Not Supported
cTrader:

Pricing

No information available.
Free Version Supported
Free Trial Not Supported
OctaFX:

Reviews/Ratings

Overall 4.8 / 5
ease 4.8 / 5
features 4.8 / 5
design 4.4 / 5
support 4.9 / 5
cTrader:

Reviews/Ratings

Overall 5.0 / 5
ease 5.0 / 5
features 4.0 / 5
design 5.0 / 5
support 5.0 / 5
OctaFX:

Pros & Cons from Real Users

Pros

  • Octa doesn’t charge any swap fees for overnight positions which means I can hold trades for weeks, and even months without losing anything on trading-costs, except for paying spreads. As a swing-positional trader I think it’s a game-changer because I believe big profits always are made from mid-term trades, I mean instead of sweating every day and trying to catch 1-2% profits, it’s better focus on something bigger, just opening a trade and leaving it for days or weeks until the price will be grown or fallen by 10-15% and that’s it. You made profits without worrying about every tick.
  • It’s been a year since I’ve been using the AI chart feature on their proprietary platform. I dunno how Octa managed to come up with such a cool tool because I see how other brokers are still behind them and lose competition. The way it analyzes my charts is indeed effective, just a few clicks, and there you go, you get a whole picture about what’s going on there...
  • Honestly, it’s pretty uncommon to come across trading conditions like those offered by Octa. Plus, it’s a relief to know that the broker is trustworthy and doesn’t demand a hefty deposit just to access those tight fees. They provide just one trading account, and that is more than enough to fit any trading strategy imho.
  • First thing to report that I liked is for sure special trading plaform - OctaTrader. It has AI tools that is helpful for trading. AI pattern recognition tool is a great additon. The app itself is user friendly too.
  • Support services are really nice, they answer quick most of the time. I hadonly positive experiences with live chat. and their own platform is packed with different features.

Cons

  • The design of the Octa trade app felt a little bit overwhelming because I needed to open guidelines to understand where and what buttons I have to click to open a chart, positions, and how to put stop losses and take profits. I mean it took a while to adjust to the platform’s functionality.
  • Sometimes spreads might be wider than usual, and ofc nobody likes that, but I hope they will be able to provide tighter spreads on cryptocurrencies, regarding forex pairs, they’re fine.
  • What I didn’t like was the commodity asset variation. They only have gold and silver, but where is crude oil or copper as an example?
  • I think they should update their education section. :D
  • Still has a drawback and its not enough asset, I think they can do like 1000+ assets so people have a wider selection.
cTrader:

Pros & Cons from Real Users

Pros

  • Great order management, 3rd party tools, algorithmic trading, copy trading and one of the best instant support Telegram channels I have used. The amount of resources to help traders is growing daily and Spotware who created the platform is now releasing updates at a fast pace. This platform will be a big player soon.

Cons

  • More brokers are required, better charting is needed, the platform can be slow at times starting.
OctaFX:

Training

Documentation Supported
Webinars Not Supported
Live Online Not Supported
In Person Supported
cTrader:

Training

Documentation Supported
Webinars Not Supported
Live Online Not Supported
In Person Not Supported
OctaFX:

Company Information

OctaFX
Founded: 2012
St. Vincent and the Grenadines
www.octafx.com
cTrader:

Company Information

cTrader
Founded: 2019
United States
ctrader.com
OctaFX:

Alternatives

Vantage

Vantage

Vantage Markets
4.4 out of 5 stars
cTrader:

Alternatives

DXtrade

DXtrade

Devexperts
5.0 out of 5 stars
OctaFX:
cTrader:
ChartBolt

ChartBolt

5.0 out of 5 stars
OctaFX:
cTrader:
JForex

JForex

Dukascopy
5.0 out of 5 stars
OctaFX:
cTrader:
OctaFX:
cTrader:
MetaTrader 4

MetaTrader 4

MetaQuotes
OctaFX:

Categories

Copy Trading Supported
Currency Exchange Supported
Forex Trading Supported
Social Trading Supported
cTrader:

Categories

Charting Supported
Copy Trading Supported
Currency Exchange Supported
Forex Trading Supported
OctaFX:

Integrations

AlgoWay Not Supported
Autochartist Not Supported
Bitcoin Supported
BlackBull Markets Not Supported
Duplikium Not Supported
FXCRM Not Supported
FXVM Not Supported
Forex Copier Not Supported
FundingPips Not Supported
Fusion Markets Not Supported
FxPro Not Supported
Global Prime Not Supported
Nullpoint Forex CRM Not Supported
Panda Trading Systems Not Supported
Pepperstone Not Supported
Quantower Not Supported
Skilling Not Supported
SniperJournal Not Supported
Trepeat Not Supported
VPS Forex Trader Not Supported
cTrader:

Integrations

AlgoWay Supported
Autochartist Supported
Bitcoin Not Supported
BlackBull Markets Supported
Duplikium Supported
FXCRM Supported
FXVM Supported
Forex Copier Supported
FundingPips Supported
Fusion Markets Supported
FxPro Supported
Global Prime Supported
Nullpoint Forex CRM Supported
Panda Trading Systems Supported
Pepperstone Supported
Quantower Supported
Skilling Supported
SniperJournal Supported
Trepeat Supported
VPS Forex Trader Supported
OctaFX:
Claim OctaFX and update features and information
Claim OctaFX and update features and information
cTrader:
Claim cTrader and update features and information
Claim cTrader and update features and information