Compare forex brokers OctaFX VS Xtb

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

OCTAFX VS XTB

OctaFX
OctaFX Overview

OctaFX is a Forex ECN broker registered in St.Vincent and the Grenadines offering to trade on Forex, Indices, Metals and Cryptocurrencies via CFDs, across the MetaTrader and cTrader suite of trading platforms as well as their own OctaFX Trading App.

XTB
XTB Overview

XTB is an online brokerage company dealing in FX and CFD, more specifically they offer Forex, Indices, Commodities, Stock CFD’s, ETF CFD’s and even crypto trading. The company was established in 2002, though initially it was referred to as X-Trade.

# Broker's Features OCTAFX Availability XTB 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 OctaFX vs Xtb.

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. OctaFX offers Online Financial Trading and Investment Services Such as Gold, Silver, Crypto, Indices, while Xtb offers Currencies, Commodities, Indices, Stocks, Bonds, Crypto, Futures.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. OctaFX is ECN, STP, while Xtb is STP.

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. OctaFX recommended minimum capital is 5, while Xtb has a Minimum Deposit Requirement of 0.

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. OctaFX is regulated by FCA UK, while Xtb regulated by BaFin, CNMV, CySEC, FCA, IFSC. 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. OctaFX offers EUR, USD different account currencies for each account types, while Xtb offers EUR, USD, GBP, HUF account currencies.

Languages Available: Next lets have a look at each broker's different Language options. OctaFX offers English, Indonesian, Chinese, Portuguese, Spanish,, while Xtb offers English, Spanish, Arabic, French, Italian, Portugu Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. OctaFX offers Credit Cards, Wire Transfer, Skrill, FasaPay, Nete different payment methods for each account types, while Xtb offers Credit Card, Neteller, PayPal, Skrill, Wire Transfer payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, OctaFX makes MetaTrader 4, MetaTrader 5, MetaTrader 4/5 Mobile for Andro available to clients, while Xtb offers MetaTrader 4, xStation 5.

The Verdict: OctaFX or Xtb?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, OctaFX is more reliable based on our criteria above. OctaFX has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. OctaFX offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. One of the criteria we looked at before opening an account on a forex broker is the minimum deposit amount. OctaFX broker offers lower minimum deposit requirement.

What We Don’t Like on Xtb

XTB has limited product portfolio, provides mostly CFD and FX, and some stocks and ETFs. Account opening is is quick, but the sales team can be very pushy. 24/7 customer support is also missing.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.