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octa , STARTRADER Broker Comparison
Do you want to know which is the better broker between octa and STARTRADER ?
In the table below, you can compare the features of octa , STARTRADER 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
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
8.56
Regulated
Under guarantee
--
--
10-15 years
ASIC,FSCA,FSA
Neteller,STICPAY,Debit Card,Local Deposits,Bank Wire,CryptoPay,PerfectMoney,Credit Card,SEPA,Skrill
AA
B
499.9
2
2
3
1987
1987
1987
AAA
13
-1
13
A
5.07 USD/Lot
18.74 USD/Lot
A
Long: -6.92
Short: 3.13
Long: -86.15
Short: 28.12
C
0.1
266.6
STANDARD,ECN
60+ currency pairs, 700+ stocks, 20+ commodities, 25+ indices
10-50USD
1:1000
from 1.0
0.00
--
0.01
--
octa 、 STARTRADER 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 iv-markets 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 |
iv-markets
| STARTRADER Review Summary | |
| Founded | 1997 |
| Registered Country/Region | Australia |
| Regulation | ASIC |
| Market Instruments | Forex, shares, indices, metals, commodities, and ETF |
| Account Type | STP Account, ECN Account |
| Demo Account | ✔ |
| Leverage | Up to 1:500 |
| Spread | Start from 0.0 pips |
| Minimum trading set | 0.01 lots |
| Trading Platform | MT4, MT5, Web Trader, STARTRADER APP, copy trade |
| Payment Method | Visa/Mastercard, E-Wallet, International Bank Wire Transfer |
| Customer Support | Phone: +61 2 9925 4396 |
| Email: info@startrader.com | |
| Physical Address: Suite 201, 2nd Floor, The Catalyst, 40 Silicon Avenue, Ebene Cybercity, Mauritius | |
STARTRADER Information
STARTRADER, founded in 1997, is a brokerage registered in Australia. The trading instruments it provides cover more than 50 types of forex , more than 70 types of shares, indices, metals, commodities, and ETF.
Pros and Cons
| Pros | Cons |
| Regulated | No clear information on the minimum deposit for each accounts |
| Wide range of trading instruments | No Islamic account |
| Generous leverage up to 1:500 | |
| MT4 and MT5 supported | |
| Copy trading available | |
| Demo account available |
Is STARTRADER Legit?
STARTRADER is regulated by ASIC. Its current status is regulated.
| Regulated Country | Regulated Authority | Regulated Entity | License Number | Current Status |
| Australia | ASIC | STARTRADER PRIME GLOBAL PTY LTD | 000421210 | Regulated |
What Can I Trade on STARTRADER?
STARTRADER offers traders more than 1000 types of instruments - more than 50 types of forex , more than 70 types of shares, indices, metals, and commodities.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Metals | ✔ |
| Indices | ✔ |
| ETF | ✔ |
| Futures | ❌ |
| Options | ❌ |
Account Types
STARTRADER offers 2 different types of accounts to traders - Standard Account, ECN Account.
| Account Type | Standard Account | ECN Account |
| Spreads | As low as 1.3 pips | As low as 0.0 pips |
| Commission | No | Yes, $7/lot |
| Minimum Volume per Trade | 0.01 lots | 0.01 lots |
| Account Currency Type | AUD, CAD, EUR, GBP, USD, NZD | AUD, CAD, EUR, GBP, USD, NZD |
| Payment Methods | Visa/Mastercard, E-Wallet, International Bank Wire Transfer | Visa/Mastercard, E-Wallet, International Bank Wire Transfer |
| Demo Account | ✔ | ✔ |
Trading Platform
STARTRADER's trading platforms are MT4, MT5, Web Trader, STARTRADER APP, which support traders on PC, Mac, iPhone and Android.
| Trading Platform | Supported | Available Devices |
| MT4 Margin WebTrader | ✔ | Web, Mobile |
| MT5 | ✔ | Web, Mobile |
| Web Trader | ✔ | Web |
| STARTRADER APP | ✔ | Mobile |
| Copy Trade | ✔ |
Deposit and Withdrawal
The broker supports Visa, Mastercard, E-Wallet, Bank Wire, China Union Pay, Dragonpay, Help2Pay, Payment Asia and tether.
Copy Trading
STARTRADER's copytrading offers an opportunity to follow good traders and monitor the markets.
Do octafx and iv-markets 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 iv-markets are, we first considered common fees for standard accounts. On octafx, the average spread for the EUR/USD currency pair is -- pips, while on iv-markets the spread is from 1.0.
Which broker between octafx, iv-markets 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. iv-markets is regulated by ASIC,FSCA,FSA.
Which broker between octafx, iv-markets 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 --; iv-markets offers the STANDARD,ECN platform featuring assets including 60+ currency pairs, 700+ stocks, 20+ commodities, 25+ indices.
