easyMarkets
OctaFX
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Overview
easyMarkets was founded in 2003 and is headquartered in Cyprus, Australia, while OctaFX was established in 2014 and is based in St. Vincent and the Grenadines. easyMarkets holds licences including Cyprus Securities and Exchange Commission (CySEC), while OctaFX is regulated by Financial Conduct Authority (FCA) among others. easyMarkets serves 142,500+ clients worldwide; OctaFX has 30,000+. The minimum deposit is $100 at easyMarkets and $5 at OctaFX.
| Feature | easyMarkets | OctaFX |
|---|---|---|
| Min. Deposit | $100 | $5 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) | Financial Conduct Authority (FCA) |
| Founded | 2003 | 2014 |
| Country | Cyprus, Australia | St. Vincent and the Grenadines |
| Clients | 142,500+ | 30,000+ |
Fees
Fees are a critical factor when choosing between easyMarkets and OctaFX, directly affecting your bottom line as a trader. easyMarkets has a lower barrier to entry with a minimum deposit of $100 (vs $5 at OctaFX). Neither broker charges withdrawal fees. Overall, OctaFX scores higher on fees in our assessment.
| Feature | easyMarkets | OctaFX |
|---|---|---|
| Min. Deposit | $100 | $5 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
easyMarkets offers MT4, MT5, cTrader, a proprietary platform, while OctaFX supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. easyMarkets edges ahead on platform breadth and functionality in our scoring.
| Feature | easyMarkets | OctaFX |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how easyMarkets and OctaFX compare. easyMarkets runs regular live webinars; OctaFX does not. easyMarkets has a video library; OctaFX does not. easyMarkets publishes daily market commentary; OctaFX does not. easyMarkets integrates third-party research tools (Trading Central, Autochartist); OctaFX does not. easyMarkets maintains an archive of past webinars for on-demand viewing. easyMarkets scores higher overall in education and research.
| Feature | easyMarkets | OctaFX |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. easyMarkets accepts 4 of the tracked payment methods (bank transfer, credit/debit card, Skrill, Neteller), while OctaFX supports 3 (bank transfer, credit/debit card, Neteller). easyMarkets uniquely supports Skrill among the two brokers. easyMarkets scores higher on deposit and withdrawal flexibility.
| Feature | easyMarkets | OctaFX |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | Yes | No |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both easyMarkets and OctaFX offer live chat support. Both provide phone support. Email support is available at both brokers. easyMarkets supports 5 languages and OctaFX supports 1, giving easyMarkets broader global reach. Both brokers are comparable on support quality.
| Feature | easyMarkets | OctaFX |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, German, Arabic, Chinese, Spanish and Polish | English |