Feature | XM Trading | OctaFX |
---|---|---|
Year Founded | 2009 | 2011 |
Regulation | ASIC, CySEC, DFSA, IFSC | CySEC, SVGFSA |
Trust Score | 88 | 72 |
Minimum Deposit | $5 | $25 |
Account Types | Micro, Standard, XM Zero | Micro, Pro |
Trading Platforms | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5, Proprietary Platform |
Tradeable Instruments | 1,394 symbols, including 55 forex pairs, CFDs on stocks, commodities, indices, cryptocurrencies | 257 symbols, including 35 forex pairs, CFDs on commodities, indices, cryptocurrencies |
Average Spread on EUR/USD | 1.6 pips (Standard Account) | 0.9 pips (Standard Account) |
Leverage | Up to 1:1000 | Up to 1:500 |
Commission | None on Standard and Micro accounts; commission on XM Zero account | Typically none |
Deposit/Withdrawal Methods | Bank Wire, Credit/Debit Cards, Skrill, Neteller, UnionPay, WebMoney, XM Card, M-Pesa | Credit/Debit Cards, Skrill, Neteller, Perfect Money, Crypto |
Mobile Trading Apps | Yes (iOS and Android) | Yes (iOS and Android) |
Copy Trading | Yes | Yes |
Educational Resources | Extensive, including webinars, tutorials, and real-time trading sessions | Limited |
Customer Support | 24/5 assistance in 25 languages | Business hours support |
Bonuses and Promotions | $30 No Deposit Bonus for new accounts | Up to 50% deposit bonus |
Inactivity Fee | Yes | No |
Islamic Accounts | Yes | Yes |
Demo Accounts | Yes | Yes |
Order Execution Type | Market Execution | Market Execution |
Execution Speed | < 1 second | < 0.1 second |
Maximum Number of Open Orders | 200 positions | Unlimited |
Stop-Out Level | 20% | 15% |
Margin Call Level | 50% | 25% |
Negative Balance Protection | Yes | Yes |
Hedging Allowed | Yes | Yes |
Scalping Allowed | Yes | Yes |
Algorithmic Trading (EAs) | Yes, supported on MT4/MT5 | Yes, supported on MT4/MT5 |
VPS Service | Free for active traders | Free for deposits above $500 |
Swap-Free Account (Islamic) | Available | Available |
Fixed Spreads Available | No | No |
Raw Spreads Option | Yes (XM Zero Account) | No |
Deposit Processing Time | Instant for most methods | Instant for most methods |
Withdrawal Processing Time | 1–2 business days | 1–3 business days |
Crypto Trading | Yes | Yes |
Stock CFDs | Yes | No |
Commodity CFDs | Yes | Yes |
Indices Trading | Yes | Yes |
Fractional Lot Trading | Yes (as low as 0.01 lot) | Yes (as low as 0.01 lot) |
Social Trading | No | Yes (OctaFX CopyTrading) |
Affiliate Program | Yes | Yes |
Deposit Fees | None | None |
Withdrawal Fees | None | None |
Trailing Stop Available | Yes | Yes |
Tick Charts Available | Yes | No |
One-Click Trading | Yes | Yes |
Custom Indicators Support | Yes | Yes |
Broker Type | Market Maker, STP, ECN | STP |
Regulatory Complaints Handling | Regulated by multiple authorities | Limited regulatory oversight |
Trading Hours | 24/5 (Forex market hours) | 24/5 (Forex market hours) |
Weekend Trading | No (except crypto markets) | No (except crypto markets) |
Max Trade Size | 50 lots per trade | 200 lots per trade |
Minimum Trade Size | 0.01 lots | 0.01 lots |
Custom Leverage Setting | Yes | Yes |
Price Alerts and Notifications | Yes | Yes |
Guaranteed Stop Loss | No | No |
Partial Close of Orders | Yes | Yes |
Multiple Account Base Currencies | USD, EUR, GBP, JPY, AUD, ZAR, CHF, SGD | USD, EUR |
Fiat Currency Support | Multi-currency support | USD, EUR only |
Crypto Deposit Support | No | Yes (BTC, ETH, USDT) |
Crypto Wallet Integration | No | Yes |
Deposit Bonus Expiry | Depends on promotion | 50% bonus on deposit, valid indefinitely |
No-Requote Policy | Yes | Yes |
Slippage Protection | Yes (Minimal) | No |
Account Verification Speed | 24 hours | 1–3 days |
Available Trading Contests | Yes, frequent tournaments | Yes, regular demo and live contests |
Loyalty Program | Yes (XM Loyalty Program) | No |
Cashback on Trades | Yes | No |
Multi-Account Management (MAM/PAMM) | Yes | No |
Web-Based Trading | Yes (WebTrader) | Yes (WebTrader) |
Web Trading Charting Tools | Advanced (TradingView, MT4/MT5 charts) | Basic (MT4/MT5 charts) |
AutoChartist Integration | Yes | No |
Trading Central Analysis | Yes | No |
Economic Calendar | Yes (Integrated) | Yes (Integrated) |
Market Sentiment Analysis | Yes | No |
Forex Trading Signals | Yes | No |
Daily Market Analysis Reports | Yes | No |
MetaTrader 5 Hedging Mode | Yes | Yes |
MetaTrader 5 Netting Mode | Yes | No |
Trailing Stop Feature | Yes | Yes |
Risk Management Tools | Yes (Stop Loss, Take Profit, Limit Orders) | Yes (Stop Loss, Take Profit) |
Mobile Chart Customization | Yes (Advanced) | Yes (Limited) |
Mobile Trading Widgets | Yes | No |
Mobile Trading Alerts | Yes (Push & Email) | Yes (Push only) |
News Feed on Trading Platform | Yes | No |
Custom Scripts for Algorithmic Trading | Yes | Yes |
Customizable Trading Dashboard | Yes | No |
Interactive Learning Webinars | Yes | No |
Live Trading Sessions with Experts | Yes | No |
Support Languages | 25+ languages | 10+ languages |
User Reviews (TrustPilot/ForexPeaceArmy) | Generally Positive | Mixed |
XM Trading excels in educational resources, analytics, and diverse asset offerings, while OctaFX offers better crypto support, faster execution speeds, and trading contests—ideal for different trader preferences.