OctaFX
SpreadCo
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Overview
OctaFX was founded in 2014 and is headquartered in St. Vincent and the Grenadines, while SpreadCo was established in 2005 and is based in London. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. OctaFX serves 30,000+ clients worldwide; SpreadCo has 10,000+. The minimum deposit is $5 at OctaFX and $100 at SpreadCo.
| Feature | OctaFX | SpreadCo |
|---|---|---|
| Min. Deposit | $5 | $100 |
| Regulation | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA) |
| Founded | 2014 | 2005 |
| Country | St. Vincent and the Grenadines | London |
| Clients | 30,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between OctaFX and SpreadCo, directly affecting your bottom line as a trader. SpreadCo has a lower barrier to entry with a minimum deposit of $100 (vs $5 at OctaFX). SpreadCo charges withdrawal fees while OctaFX does not, giving OctaFX an edge for frequent withdrawers. SpreadCo charges deposit fees; OctaFX does not. Overall, OctaFX scores higher on fees in our assessment.
| Feature | OctaFX | SpreadCo |
|---|---|---|
| Min. Deposit | $5 | $100 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
OctaFX offers MT5, cTrader, while SpreadCo supports MT4, 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. SpreadCo edges ahead on platform breadth and functionality in our scoring.
| Feature | OctaFX | SpreadCo |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how OctaFX and SpreadCo compare. SpreadCo has a video library; OctaFX does not. SpreadCo integrates third-party research tools (Autochartist); OctaFX does not. SpreadCo scores higher overall in education and research.
| Feature | OctaFX | SpreadCo |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. OctaFX accepts 3 of the tracked payment methods (bank transfer, credit/debit card, Neteller), while SpreadCo supports 2 (bank transfer, credit/debit card). OctaFX uniquely supports Neteller among the two brokers. OctaFX scores higher on deposit and withdrawal flexibility.
| Feature | OctaFX | SpreadCo |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both OctaFX and SpreadCo offer live chat support. Both provide phone support. Email support is available at both brokers. OctaFX supports 1 language and SpreadCo supports 2, giving SpreadCo broader global reach. Both brokers are comparable on support quality.
| Feature | OctaFX | SpreadCo |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, and Chinese |