AvaTrade vs OctaFX

 

AvaTrade vs OctaFX – a Detailed Side-by-Side Comparison of two Highly regulated and trusted Forex Brokers in South Africa.

 

 

 

Avatrade vs OctaFX – A Key Point Quick Overview

 

1. ☑️ AvaTrade Quick Overview
2. ☑️ OctaFX Quick Overview
3. ☑️ Overall Broker Comparison
4. ☑️ Regulation Comparison
5. ☑️ Assets Comparison
6. ☑️ Fees Comparison
7. ☑️ Deposit Options Comparison
8. ☑️ Trading Platforms Comparison
9. ☑️ Analytical Tools Comparison
10. ☑️ Educational Resources Comparison
11. ☑️ In Conclusion
12. ☑️ Our Findings
13. ☑️ Frequently Asked Questions

 

 

AvaTrade Quick Overview

 

AvaTrade is a trusted name in the foreign exchange (Forex) and contracts for difference (CFD) trading industries because of its dedication to providing excellent trading conditions.

With stringent regulations in place all around the world, AvaTrade is at the forefront of regulated brokers. With over 150 countries serviced its global reach is unprecedented.  AvaTrade provides its clients with a wide range of services, a wide selection of instruments, and a range of trading terms and conditions, all within a cutting-edge and secure trading platform.

More than 50 currency pairs, major stock indexes, cryptocurrencies, commodities (such as gold, silver, sugar, and coffee), bonds, individual shares, and ETFs are just some of the thousands of instruments available on AvaTrade’s many platforms.

AvaTrade’s trading and non-trading fees are about par for the course. However, there is a monthly inactivity fee that must be paid if you want to withdraw money. AvaTrade requires only 100 USD / 1859.63 to create an account (at the time of publication).

 

 

OctaFX Quick Overview

 

OctaFX, or Octa, is an acceptable broker overall, however, it has a few major flaws. The first is the general lack of regulation, which drives many potential investors and traders away. Added to this, Octa only offers a few assets for trading and no stock CFDs.

Other than that, OctaFX performs admirably in a wide variety of respects. Octa has some of the lowest trading costs in the business.  Traders in South Africa can take advantage of the site’s extensive educational resources, cutting-edge trading tools, and generous bonus provisions, among other things.

In addition, it has round-the-clock client service, and it offers two solid platforms MetaTrader 4 and MetaTrader 5.

 

 

Overall Broker Comparison

 

 

 

Regulation Comparison

 

 

Our Findings

 

AvaTrade is a well-regulated broker that is overseen by several leading organizations, including the FCA, ASIC, and the FSCA in South Africa. The broker offers negative balance protection on all accounts, and all client deposits are stored in segregated bank accounts.

OctaFX is not as widely regulated as AvaTrade and is overseen by CySEC, which is a leading regulator that operates under the auspices of the EU. Octa is not regulated by the FSCA in South Africa, though all deposits are stored in secure, segregated accounts and the broker has a sound reputation for transparent operations.

 

 

Assets Comparison

 

 

Our Findings

 

AvaTrade and Octa offer similar pricing structures. Both brokers offer exceptionally tight spreads. AvaTrade does not charge commissions on any assets traded, and Octa works its commission structure into the spread.

 

 

Fees Comparison

 

 

Our Findings

 

When compared, AvaTrade and Octa provide commission-free trading.

 

 

Deposit Options Comparison

 

 

Our Findings

 

Neither Broker charges a Deposit Fee. However, third-party fees may apply. Moreover, AvaTrade accepts trusted options including MasterCard, PayPal, and, Skrill.

 

 

Trading Platforms Comparison

 

 

Our Findings

 

AvaTrade offers a wide variety of trading platforms, including the acclaimed AvaTradeGo mobile application. The whole suite of MetaQuotes, including MT4 and MT5, is also available through AvaTrade, as are other copy trading platforms like DupliTrade and ZuluTrade.

OctaFX also offers access to both MT4 and MT5, as well as a renowned proprietary social trading platform. Octa offers ZuluTrade but does not offer DupliTrade.

 

 

Analytical Tools Comparison

 

 

Our Findings

 

When compared, AvaTrade is the best class with access available to Social Sentiments and Trading Central. However, both brokers offer an Economic Calendar and access to Forex News Sources.

 

 

Educational Resources Comparison

 

 

Our Findings

 

When compared, AvaTrade is the best in class with access to Advanced Trading material. However, both Brokers offer Webinars and a Glossary.

 

 

In Conclusion

 

AvaTrade and Pepperstone have proven to be excellent Broker choices with impressive all-round offerings. Moreover, it is suited to all levels of Traders in South Africa.

 

 

Our Findings

 

While comparing AvaTrade and IG we have found that each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Selecting the Best Forex Broker will depend on a trader’s individual trading needs.

 

You might also like: AvaTrade Review

You might also like: OctaFX Review

 

Frequently Asked Questions

 

Do these brokers both offer MetaTrader?

 

Both AvaTrade and Octa provide access to the full MetaQuotes suite, consisting of both MetaTrader 4 and MetaTrader 5.

 

How many Forex pairs can I expect from these brokers?

 

AvaTrade provides access to 55 currency pairs, while Octa provides decidedly fewer pairs at 28. Both brokers provide access to the same selection of majors, though.

 

Is it safe to trade with AvaTrade?

 

AvaTrade is a trusted and highly regulated Forex Broker. The broker offers a safe trading environment and keeps client funds in separate accounts at major financial institutions.

 

Is it safe to trade with Octa?

 

Octa enjoys a solid reputation and it falls under several Global regulatory authorities.