XM vs OctaFX: Comparison

Forex Broker Comparison

Detailed side-by-side analysis

XM
XM
VS
OctaFX
OctaFX
General Information Trading Conditions Account Types Platforms & Tools Payments Support

Quick Summary

Best for Beginners

XM

$5.00

Tightest Spreads

XM

From 0.6 pips (Ultra Low/Zero accounts); average 1 pip on Standard pips

Highest Leverage

OctaFX

1:Up to 1:1000

Best Rated

OctaFX

4.70
/5

Mobile Trading

Both

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General Information

XM

Regulation

ASIC (Australia), CySEC (Cyprus), DFSA (Dubai, UAE)

Founded

N/A

Headquarters

Cyprus

Overall Rating

4.50/5

OctaFX

Regulation

CySEC (Cyprus), FSCA (South Africa), FSA (Seychelles), FSC (Mauritius)

Founded

N/A

Headquarters

Vincent

Overall Rating

4.70/5

Trading Conditions

Feature XM OctaFX
Minimum Deposit $5.00 $25.00
Average Spreads From 0.6 pips (Ultra Low/Zero accounts); average 1 pip on Standard From 0.6 pips (average 0.7 pips on EUR/USD) – Competitive for majors.
Maximum Leverage Up to 1:1000 Up to 1:1000
Commission None None

Account Types

XM

Standard Accounts Islamic Account Raw Account Micro Accounts

OctaFX

Standard Accounts Islamic Account ECN Accounts Copy Trading Accounts VIP Accounts Raw Account Micro Accounts

Platforms & Tools

XM

MetaTrader 4, MetaTrader 5

Mobile Trading

Available

Web Trading

Available

VPS Hosting

Available

Social Trading

Available

OctaFX

MetaTrader 4, MetaTrader 5, WebTrader

Mobile Trading

Available

Web Trading

Available

VPS Hosting

Available

Social Trading

Available

Payments

XM

Deposit Methods

Credit/Debit Cards (Visa/MasterCard), Bank Wire Transfer, Skrill, Neteller, Google Pay, Local Methods (e.g., UnionPay in Asia)

Withdrawal Methods

Same as deposits: Credit/Debit Cards, Bank Wire, Skrill, Neteller (processed same-day for verified accounts)

Withdrawal Fee

None

OctaFX

Deposit Methods

Credit/Debit Cards (Visa/Mastercard), E-Wallets (Skrill, Neteller), Bank Wire Transfer, Cryptocurrencies (Bitcoin, USDT, 10+ options).

Withdrawal Methods

Same as deposits: Processed same-day for e-wallets/crypto; 1-3 days for wires. Broker covers all fees (third-party may apply).

Withdrawal Fee

None

Support

XM

Support Languages

30+ (English, Arabic, Chinese, French, German, Spanish, Japanese, Russian, etc.)

Support Channels

24/5 customer support through live chat, email, and phone, with assistance available in multiple languages.

Account Manager

Not Available

OctaFX

Support Languages

English, Arabic, Chinese, Spanish, Indonesian, Malay, Thai, Vietnamese – 10+ for Asian/global users.

Support Channels

24/7 via Live Chat, Email (support@octafx.com), WhatsApp/Phone; Response <1 min.

Account Manager

Available

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