OctaFX
Uphold
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Overview
OctaFX was founded in 2014 and is headquartered in St. Vincent and the Grenadines, while Uphold was established in 2013 and is based in United States. OctaFX holds licences including Financial Conduct Authority (FCA), while Uphold is regulated by FCA and FINCEN: Uphold Europe Limited among others. OctaFX serves 30,000+ clients worldwide; Uphold has 4,000,000+. The minimum deposit is $5 at OctaFX and $1 at Uphold.
| Feature | OctaFX | Uphold |
|---|---|---|
| Min. Deposit | $5 | $1 |
| Regulation | Financial Conduct Authority (FCA) | FCA and FINCEN: Uphold Europe Limited, Reg No. 09281410. Uphold HQ Inc. NMLS ID No. 1269875 |
| Founded | 2014 | 2013 |
| Country | St. Vincent and the Grenadines | United States |
| Clients | 30,000+ | 4,000,000+ |
Fees
Fees are a critical factor when choosing between OctaFX and Uphold, directly affecting your bottom line as a trader. Uphold has a lower barrier to entry with a minimum deposit of $1 (vs $5 at OctaFX). Neither broker charges withdrawal fees. The two brokers are broadly comparable on fee structure.
| Feature | OctaFX | Uphold |
|---|---|---|
| Min. Deposit | $5 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
OctaFX offers MT5, cTrader, while Uphold supports a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. OctaFX supports social and copy trading features, which Uphold does not offer. OctaFX edges ahead on platform breadth and functionality in our scoring.
| Feature | OctaFX | Uphold |
|---|---|---|
| MT4 | No | No |
| MT5 | Yes | No |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Web Trader, cTrader, Tablet & Mobile apps | Web, Desktop & Mobile Apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how OctaFX and Uphold compare. Uphold runs regular live webinars; OctaFX does not. Uphold has a video library; OctaFX does not. Uphold maintains an archive of past webinars for on-demand viewing. Uphold scores higher overall in education and research.
| Feature | OctaFX | Uphold |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | No |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | No |
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 Uphold 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 | Uphold |
|---|---|---|
| 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 Uphold offer live chat support. OctaFX offers phone support; Uphold does not. Email support is available at both brokers. Both brokers offer support in 1 language. OctaFX scores higher overall on customer support in our assessment.
| Feature | OctaFX | Uphold |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | No |
| Email Support | Yes | Yes |
| Languages | English | English |