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octa , IronFX Broker Comparison
Do you want to know which is the better broker between octa and IronFX ?
In the table below, you can compare the features of octa , IronFX side by side to determine the best fit for your needs.
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
2 / 3 forex brokers comparison in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Est. Date
Regulatory License
MT4
MT5
Crypto
Deposit/Withdrawal Methods
Trading Env.
Trading Environment Rating
Execution Speed
Trading Speed Rating
Average Execution Speed
Minimum Execution Latency
Minimum Open Latency
Minimum Close Latency
Maximum Execution Latency
Maximum Open Latency
Maximum Close Latency
Slippage
Slippage Rating
Average Slippage
Max Slippage
Maximum Positive Slippage
Maximum Negative Slippage
Trading Cost
Trading Cost Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Swap
Swap Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Disconnection Instances
Disconnection Rating
Avg. Disconnection Frequency (/day)
Avg. Reconnection Time
Account Info
Accounts
Account Name
Trading Instruments
Minimum Deposit
Maximum Leverage
Typical Spread
Stop-Out Level
Spread Types
Minimum Trade Size
Crypto
Lock Position
Scalping
EA Trading
6.49
Regulated
Under guarantee
5-10 years
CYSEC
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
7.82
Regulated
Under guarantee
--
--
--
15-20 years
CYSEC,FCA,FSCA,FSC
--
B
AA
353
266
313
266
422
422
367
C
EURUSD: 2
XAUUSD: --
2
--
2
AAA
4 USD/Lot
--
D
Long: -11.75
Short: 1.01
Long: -62.6
Short: 18.2
B
0.6
5.5
ECN VIP,Raw ECN,Standard Fixed,Standard Floating
Forex, Metals, Indices, Commodities
--
1:200
Forex 0.3, Gold 1.1
50.00
--
0.01
--
octa 、 IronFX BrokerRelated News
octa BrokerRelevant Exposures
Which broker is more reliable?
To evaluate a broker's reliability and trustworthiness, consider the following four factors:
1.Forex broker introduction。
2.Do octafx and ironfx have lower transaction costs?
3.Which broker is safer?
4.Which broker offers the best trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Forex broker introduction
octafx
| Quick Octa Review Summary | |
| Founded | 2011 |
| Registered Country/Region | Cyprus |
| Regulation | Regulated by CYSEC |
| Market Instruments | Currrency pairs, gold/silver, commodities, indices, cryptos |
| Demo Account | ✅ |
| Min Deposit | 50 EUR |
| Leverage | Up to 1:30 |
| EUR/USD Spread | Floating around 1.1 pips |
| Trading Platform | OctaTrader, Web platform, Android |
| Payment Methods | Swissquote, BluOr Bank, RIETUMU |
| Deposit & Withdrawal Fee | ❌ |
| Customer Support | 9 a.m. – 6 p.m. UTC+3 |
| Email: clientsupport@octaeu.com | |
| Regional Restrictions | Belgium, the USA, Canada, Spain, and the UK, as well as to jurisdictions outside the European Economic Area (EEA) except Switzerland |
Octa Information
Founded in 2011, Octa a regulated broker registered in Cyprus, offering trading in currrency pairs, gold/silver, commodities, indices, and cryptos on OctaTrader, Web platform, and Android platforms.
Pros and Cons
| Pros | Cons |
| Regulated by CYSEC | Regional restrictions |
| Various tradable instruments | MT4/MT5 unavailable |
| Demo accounts available | Limited payment options |
| Tight EUR/USD spread | No 24/7 customer support |
| No fees for deposits and withdrawals |
Is Octa Legit?
Yes. Octa is currently regulated by Cyprus Securities and Exchange Commission (CySEC).
| Regulated Country | Regulated by | Regulated Entity | License Type | License Number |
 | CySEC | Octa Markets Cyprus Ltd | Market Making (MM) | 372/18 |
What Can I Trade on Octa?
Octa offers trading in currrency pairs, gold/silver, commodities, indices, and cryptos.
| Tradable Instruments | Supported |
| Currency pairs | ✔ |
| Gold & Silver | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptos | ✔ |
| Stocks | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Leverage
The maximum leverage vary on the asset class. Detailed info can be found in the table below:
| Asset Class | Max Leverage |
| Currency pairs | 1:30 |
| Gold & Silver | 1:20 |
| Commodities | 1:10 |
| Indices | 1:20 |
| Cryptos | 1:25 |
It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spread and Commission
Octa offers commission-free trading and the EUR/USD spread is floating around 1.1 pips. If you are interested in spreads on other trading instruments, you can visit https://www.octaeu.com/spreads/
Trading Platform
Octa has a built-in proprietary trading platform - OctaTrader available on the Web, Desktop, and Android versions.
Deposit and Withdrawal
Octa supports very limited payment options, only Swissquote, BluOr Bank, and RIETUMU.
The minimum deposit or withdrawal amount are both 50 EUR.
All deposits and withdrawals are free of charge, and can be processed within 3-7 business days.
Customer Support Options
Octa provides email instead of phone or live chat contact, which will result in traders being unable to deal with emergencies on time. You can also follow them on some social platforms, such as Facebook, Twitter, and Instagram.
| Contact Options | Details |
| clientsupport@octaeu.com | |
| Social Media | Facebook, Twitter, Instagram |
| Website Language | English, Italian |
| Physical Address | 1 Agias Zonis and Thessalonikis Corner, Nicolaou PentadromosCenter, Block: B', Office: 201,3026, Limassol, Cyprus |
ironfx
| Quick IronFX Review Summary | |
| Founded | 2008 |
| Registered Country/Region | Cyprus |
| Regulation | CYSEC, FCA, FSCA (General Registration) |
| Market Instruments | 80+ currency pairs, metals, indices, commodities, futures, shares |
| Islamic Account | ✅ |
| Account Type | Standard Floating, Standard Fixed, Raw ECN, ECN VIP |
| Leverage | Up to 1:2000 |
| Spread | Starting from 0.0 pips |
| Trading Platform | MT4 |
| Copy Trading | ✅ |
| Customer Support | Live chat, contact form |
| Regional Restrictions | USA, Cuba, Sudan, Syria and North Korea |
| Bonus | 100% unlimited sharing bonus |
IronFX Information
Founded in 2008, IronFX is a regulated brokerage registered in Cyprus, offering trading in 80+ currency pairs, metals, indices, commodities, futures, and shares with leverage up to 1:1000 and spread from 0.0 pips via the popular MT4 platform.
Pros and Cons
| Pros | Cons |
| Regulated by CySEC and FCA | Clients from the USA, Cuba, Sudan, Syria and North Korea are not accepted |
| Various trading assets | FSCA license is only general registered |
| Multiple account types | Lack of info on deposits and withdrawals |
| MT4 supported | |
| Live chat support |
Is IronFX Legit?
Yes, IronFX is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the United Kingdom. It also holds a general registered Financial Sector Conduct Authority (FSCA) license.
| Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number |
 | CYSEC | Notesco Financial Services Ltd | Market Making (MM) | 125/10 |
 | FCA | Notesco Limited | Straight Through Processing (STP) | 585561 |
 | FSCA | NOTESCO SA (PTY) LTD | Financial Service Corporate | 45276 |
What Can I Trade on IronFX?
IronFX offers trading in 80+ currency pairs, metals, indices, commodities, futures, and shares.
| Tradable Assets | Supported |
| Currency pairs | ✔ |
| Metals | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Futures | ✔ |
| Shares | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Types/Fees
| Account Types | Standard Floating | Standard Fixed | Raw ECN | ECN VIP |
|---|---|---|---|---|
| CFD Instruments | Forex, Metals, Indices, Commodities, Futures, Shares | Forex, Metals, Indices, Commodities, Futures, Shares | Forex, Metals, Indices, Commodities, Futures, Shares | Forex, Metals, Indices, Commodities |
| Leverage | 1:2000 | 1:2000 | 1:1000 | 1:200 |
| Av. Spreads on Forex | 1.2 pips | 1.2 pips | 0 pips | 0.3 pips |
| Av. Spreads on Gold | 2.5 pips | 2.5 pips | 1.1 pips | 1.1 pips |
| Commission | No Commission | No Commission | Yes | No Commission |
| Base Currency | USD, EUR, GBP, JPY, AUD, CHF, CZK, PLN, ZAR, XBT, XET* | USD, EUR, GBP, JPY, XBT, XET | USD, EUR, GBP, JPY | USD, EUR, GBP |
| Stop out | 20% | 20% | 50% | 50% |
| Swap free/Islamic | Yes | Yes | No | No |
| Minimum Lot Size | 0.01 | 0.01 | 0.01 | 0.01 |
| Dedicated Account Manager available | 24/5 | 24/5 | 24/5 | 24/5 |
| Dealing Department Transaction Hotline | Yes | Yes | Yes | Yes |
Trading Platform
IronFX's trading platform is the industry-leading MT4, which supports traders on Desktop, Mobile, and Web devices.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, Mobile, Web | Beginners |
| MT5 | ❌ | / | Experienced traders |
Do octafx and ironfx have lower transaction costs?
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 ironfx are, we first considered common fees for standard accounts. On octafx, the average spread for the EUR/USD currency pair is -- pips, while on ironfx the spread is Forex 0.3, Gold 1.1.
Which broker between octafx, ironfx is safer?
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
octafx is regulated by CYSEC. ironfx is regulated by CYSEC,FCA,FSCA,FSC.
Which broker between octafx, ironfx provides better trading platform?
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
octafx provides the -- platform with products like --; ironfx offers the ECN VIP,Raw ECN,Standard Fixed,Standard Floating platform featuring assets including Forex, Metals, Indices, Commodities.
