Broker comparison between OCTAFX vs capital.com
Do you want to figure out which is the better broker, octafx or capital-com?
In the following table, you can compare the features of octafx and capital-com side by side to determine the best fit for your trading needs.
Which broker is more reliable?
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction.
2.Does octafx or capital-com have a lower transaction costs and fees?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we believe that octafx and capital-com are both reliable. We analyze the reasons as following:
Forex broker introduction
Basic Information & Regulators of OTCAFX
Octa Markets was established in 2017 with the aim of developing into a reputable, reliable, fair, and transparent forex trader. Octa Markets was authorized and regulated by the Cyprus Securities and Exchange Commission in 2018 (license number: 372/18).
Safety Analysis of OTCAFX
Octa Markets holds a full license from CySEC, a regulatory body that regulates forex fairly strictly, and therefore, a certain level of security can be ensured. Moreover, the trader has initiated a negative balance protection policy for each account, which completely separates the client's funds from the broker's operating funds to protect the safety of the client's funds.
Octa Markets offers investors the most popular tradable instruments on the financial markets, mainly spot Forex, CFDs on stock indices, CFDs on spot metals, CFDs on commodities.
Leverage & Account of OTCAFX
Octa Markets offers two different account types for conservative and aggressive traders: MetaTrader5 account and cTrader account. The maximum leverage of the account is set according to the amount of money deposited by the trader's registration. The maximum default leverage is 1:20 for major currency pairs, 1:20 for minor currency pairs, gold and major indices, and 1:10 for commodities other than gold and non-major stock indices.
Spreads & Commission Fees of OTCAFX
The minimum spread for EURUSD is 0.4 pips, for GBPUSD 0.5 pips, and for EURGBP 0.6 pips. The minimum spread for spot gold is 0.8 pips, and for spot silver is 1.0 pips. The minimum spread for MetaTrader5 accounts starts from 0.3 pips, and no commission is charged for Forex and precious metals trading. cTrader accounts have a minimum spread of 0.0 pips, and a commission is charged for trading, which includes the opening fee for one side and the closing fee for the other side. There is no SWAP for both accounts. The trading commission on the cTrader Platform consists of a side charge for the opening of the position and another side charge for the closure of the trade.
Trading Platform Applied of OTCAFX
Octa Markets provides traders with two market-leading and high-performance trading software packages: MT5 and cTrader5. MT5 is the latest version of the multifunctional trading platform with a powerful trading system that supports various order types, including markets, pending orders, and stop orders, and supports desktop, web, Android, and iOS versions. cTrader5 features secondary quotes, server tracking, stops, cloud services to keep all accounts and templates in one place, one-click trading, and advanced charting features. Traders have the flexibility to choose the trading software according to their needs.
Deposit & Withdrawal of OTCAFX
Octa Markets Cyprus Ltd does not charge its clients any fees. Moreover, deposit and withdrawal fees applied by third parties are also covered by the broker Octa Markets supports wire transfers with a minimum amount of 50 Euros, which can be received within 3 to 7 business days.
General Information & Regulation
Capital Com SV Investments Limited, company Registration Number: 354252, registered address: 28 Octovriou 237, Lophitis Business Center II, 6th floor, 3035, Limassol, Cyprus. Capital Com SV Investments Limited is deemed authorised and regulated by the Financial Conduct Authority. The nature and extent of consumer protections may differ from those for firms based in the UK. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authoritys website. Capital Com SV Investments Limited is regulated by Cyprus Securities and Exchange Commission (CySEC) under license number 319/17. Closed joint-stock company “Capital Com Bel” is regulated by National Bank of the Republic of Belarus, registered by Minsk city executive committee 19.03.2019 with company registration number 193225654. Address: 220030, the Republic of Belarus, Minsk, Internatsionalnaya street 36/1, office 823. Certificate of inclusion in the register of forex companies No. 16 dated 16.04.2019.
Capital.com offers investors access to more than 3,000 markets with leverage to trade CFDs on the world's most popular currency pairs, commodities, indices, cryptocurrencies, and stocks.
Capital.Com Minimum Deposit
Three CFD accounts are listed: Standard Plus , and Premier. The minimum deposit requirement for open a standard and Plus account is up to $3,000, which is much higher than most brokers' initial account opening amount.
Capital.com being a Cyprus and EU regulated firm respectively operates under ESMA restrictions as well, therefore may offer lower leverage levels that are also defined by each instrument separately and may be checked from the platform directly. The maximum leverage available for retail traders is up to 1:30 for major currency pairs, 1:20 for minor currency pair., while professional traders may get access to higher leverage up to 1:500.
Spreads & Commissions
The minimum spread on the Capital.com platform is 0.6 pips for EURUSD, with a long overnight fee of -0.0055% and a short overnight fee of -0.0019%. The minimum spread for the gold spot is 0.27 pips and for the silver spot is 0.030 pips.
A variety of platforms at Capital.com covers its own web-based platform and popular MT4, as well mobile or tablet apps or still remains the choice to use known MT4.
Deposit and withdrawal
Capital.Com supports traders in depositing and withdrawing funds to and from their investment accounts through various payment methods, such as credit cards, debit cards, iDeal, Giropay wire transfers, or e-wallets such as Neteller and Skrill. The minimum deposit for wire transfers is $250, and for other methods, the minimum deposit is $20.
Capital.com multilingual support (supports 24 languages worldwide) is available with service the trader requires daily which is also on a very sustainable and professional level. Users can Live Chat, Phone or Email them within working hours 24/7.
The range of available products is limited to CFDs (equity, index, crypto, commodity, forex) and real stocks. Price alerts are missing from the web trading platform and minor account base currencies are not provided.
Does octafx or capital-com have a lower transaction costs and fees?
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive octafx and capital-com are, we first considered common fees for standard accounts. On octafx, the average spread for the EUR/USD currency pair is -- pips, while on capital-com the spread is --.
Which broker is safer, octafx or capital-com?
To determine the safety of a forex brokers, our experts take various factors into consideration in a multi-dimensional manner. This includes which regulatory licenses the forex trader holds and how reputable those licenses are. We also consider the history of a forex dealer, as long-standing dealers are usually more reliable and trustworthy than newer start-ups. octafx is regulated by CYSEC,FCA,NBRB. capital-com is regulated by CYSEC.
Which broker provides better trading platform, octafx or capital-com?
When our experts review a broker, they usually open real trading accounts and trade through the broker's trading platform. This gives us a better overall assessment of the quality of the platform, the ease of use and the features it offers. octafx Available trading platforms include Standard account、Plus Account、Premier account, tradable financial instruments include -- capital-com works/provides Standard account、Plus Account、Premier account trading platform, trading instruments --