XM Trading vs OctaFX Comparison & Reviews

FeatureXM TradingOctaFX
Year Founded20092011
RegulationASIC, CySEC, DFSA, IFSCCySEC, SVGFSA
Trust Score8872
Minimum Deposit$5$25
Account TypesMicro, Standard, XM ZeroMicro, Pro
Trading PlatformsMetaTrader 4, MetaTrader 5MetaTrader 4, MetaTrader 5, Proprietary Platform
Tradeable Instruments1,394 symbols, including 55 forex pairs, CFDs on stocks, commodities, indices, cryptocurrencies257 symbols, including 35 forex pairs, CFDs on commodities, indices, cryptocurrencies
Average Spread on EUR/USD1.6 pips (Standard Account)0.9 pips (Standard Account)
LeverageUp to 1:1000Up to 1:500
CommissionNone on Standard and Micro accounts; commission on XM Zero accountTypically none
Deposit/Withdrawal MethodsBank Wire, Credit/Debit Cards, Skrill, Neteller, UnionPay, WebMoney, XM Card, M-PesaCredit/Debit Cards, Skrill, Neteller, Perfect Money, Crypto
Mobile Trading AppsYes (iOS and Android)Yes (iOS and Android)
Copy TradingYesYes
Educational ResourcesExtensive, including webinars, tutorials, and real-time trading sessionsLimited
Customer Support24/5 assistance in 25 languagesBusiness hours support
Bonuses and Promotions$30 No Deposit Bonus for new accountsUp to 50% deposit bonus
Inactivity FeeYesNo
Islamic AccountsYesYes
Demo AccountsYesYes
Order Execution TypeMarket ExecutionMarket Execution
Execution Speed< 1 second< 0.1 second
Maximum Number of Open Orders200 positionsUnlimited
Stop-Out Level20%15%
Margin Call Level50%25%
Negative Balance ProtectionYesYes
Hedging AllowedYesYes
Scalping AllowedYesYes
Algorithmic Trading (EAs)Yes, supported on MT4/MT5Yes, supported on MT4/MT5
VPS ServiceFree for active tradersFree for deposits above $500
Swap-Free Account (Islamic)AvailableAvailable
Fixed Spreads AvailableNoNo
Raw Spreads OptionYes (XM Zero Account)No
Deposit Processing TimeInstant for most methodsInstant for most methods
Withdrawal Processing Time1–2 business days1–3 business days
Crypto TradingYesYes
Stock CFDsYesNo
Commodity CFDsYesYes
Indices TradingYesYes
Fractional Lot TradingYes (as low as 0.01 lot)Yes (as low as 0.01 lot)
Social TradingNoYes (OctaFX CopyTrading)
Affiliate ProgramYesYes
Deposit FeesNoneNone
Withdrawal FeesNoneNone
Trailing Stop AvailableYesYes
Tick Charts AvailableYesNo
One-Click TradingYesYes
Custom Indicators SupportYesYes
Broker TypeMarket Maker, STP, ECNSTP
Regulatory Complaints HandlingRegulated by multiple authoritiesLimited regulatory oversight
Trading Hours24/5 (Forex market hours)24/5 (Forex market hours)
Weekend TradingNo (except crypto markets)No (except crypto markets)
Max Trade Size50 lots per trade200 lots per trade
Minimum Trade Size0.01 lots0.01 lots
Custom Leverage SettingYesYes
Price Alerts and NotificationsYesYes
Guaranteed Stop LossNoNo
Partial Close of OrdersYesYes
Multiple Account Base CurrenciesUSD, EUR, GBP, JPY, AUD, ZAR, CHF, SGDUSD, EUR
Fiat Currency SupportMulti-currency supportUSD, EUR only
Crypto Deposit SupportNoYes (BTC, ETH, USDT)
Crypto Wallet IntegrationNoYes
Deposit Bonus ExpiryDepends on promotion50% bonus on deposit, valid indefinitely
No-Requote PolicyYesYes
Slippage ProtectionYes (Minimal)No
Account Verification Speed24 hours1–3 days
Available Trading ContestsYes, frequent tournamentsYes, regular demo and live contests
Loyalty ProgramYes (XM Loyalty Program)No
Cashback on TradesYesNo
Multi-Account Management (MAM/PAMM)YesNo
Web-Based TradingYes (WebTrader)Yes (WebTrader)
Web Trading Charting ToolsAdvanced (TradingView, MT4/MT5 charts)Basic (MT4/MT5 charts)
AutoChartist IntegrationYesNo
Trading Central AnalysisYesNo
Economic CalendarYes (Integrated)Yes (Integrated)
Market Sentiment AnalysisYesNo
Forex Trading SignalsYesNo
Daily Market Analysis ReportsYesNo
MetaTrader 5 Hedging ModeYesYes
MetaTrader 5 Netting ModeYesNo
Trailing Stop FeatureYesYes
Risk Management ToolsYes (Stop Loss, Take Profit, Limit Orders)Yes (Stop Loss, Take Profit)
Mobile Chart CustomizationYes (Advanced)Yes (Limited)
Mobile Trading WidgetsYesNo
Mobile Trading AlertsYes (Push & Email)Yes (Push only)
News Feed on Trading PlatformYesNo
Custom Scripts for Algorithmic TradingYesYes
Customizable Trading DashboardYesNo
Interactive Learning WebinarsYesNo
Live Trading Sessions with ExpertsYesNo
Support Languages25+ languages10+ languages
User Reviews (TrustPilot/ForexPeaceArmy)Generally PositiveMixed
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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.