Compare forex brokers Bithoven VS Octafx

If you're choosing between Bithoven and Octafx forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is Bithoven better than Octafx? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

BITHOVEN VS OCTAFX

Bithoven
Bithoven Overview

At onlineforextrading.net we have readers-first policy. Thus, we always put our readers' safety as a priority in our business line. We will never just satisfy ourselves with Brokers' public information, however, go in-depth. Often we will also open live and demo accounts and test brokers directly! For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography and reputation. The very same standards apply in case of this Bithoven broker review.

Bithoven.com is a multifunctional cryptocurrency trading platform that has managed to prove itself as a reliable and professional crypto trading service provider. In essence, Bithoven.com offers high liquidity in the order book, speed and accuracy of operations on the exchange, as well as margin trading services with using leverage up to 1:20 and Bitcoin as the nominal margin currency. The crypto exchange is open to partnership proposals and renders listing of new tokens according to qualifying parameters. For a relatively short period of time, Bithoven.com has succeeded in earning the clients’ trust and genuine interest owing to its intuitive user interface, advanced security system, use of data encryption tools and provision of professional customer care services.

OctaFX
OctaFX Overview

At onlineforextrading.net we have readers-first policy. Thus, we always put our readers' safety as a priority in our business line. We will never just satisfy ourselves with Brokers' public information, however, go in-depth. Often we will also open live and demo accounts and test brokers directly! For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography and reputation. The very same standards apply in case of this OctaFX broker review.

OctaFX is recognised globally for offering the lowest spreads in the industry and prides itself on its award-winning trading conditions. OctaFX is an excellent provider of CFD and Forex trading to clients in over 100 countries.

# Broker's Features BITHOVEN Availability OCTAFX Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare Bithoven vs Octafx.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Bithoven offers Online Financial Trading and Investment Services Such as CFD for crypto, while Octafx offers Gold, Silver, Crypto, Indices.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. Bithoven is Broker, while Octafx is Broker.

Minimum Deposit Requirement: To compare these two FX brokers, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. Bithoven recommended minimum capital is N/A, while Octafx has a Minimum Deposit Requirement of 5.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Bithoven is regulated by FSA, while Octafx regulated by FCA UK. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Account currencies: Next lets consider the Account currencies each broker offers. Bithoven offers BTC different account currencies for each account types, while Octafx offers EUR, USD account currencies.

Languages Available: Next lets have a look at each broker's different Language options. Bithoven offers English, Thai, Malaysian, while Octafx offers English, Indonesian, Chinese, Portuguese, Spanish, Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. Bithoven offers Bitcoin different payment methods for each account types, while Octafx offers Credit Cards, Wire Transfer, Skrill, FasaPay, Nete payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Bithoven makes MetaTrader 5: Web/Windows/iOS/Android available to clients, while Octafx offers Metatrader 4/5, MT4/5 Mobile for Android/iPhone, c.