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Which one is better, OctaFX vs Exness? To determine which broker is better, both brokers are often compared. Many traders don’t realize that each trader has a different best choice. This is fine. Here’s a direct comparison to help you decide which option is best between Exness and OctaFX. You should also check out exness kenya review to learn about exness.
Let’s look into the comparison between exness vs octafx:
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Which has the best spread?
Spread is a trading cost. The lower spread the traders get, the better. Spread information between brokers can be difficult to find as not all brokers publish their spreads data transparently.
Trader can still choose the right broker by looking at their spreads. Fixed and variable spreads are the most popular. Every trader will have different opinions on the pros and cons of each spread. Exness offers Variable spread pricing, while OctaFX has Variable spread pricing.
Exness vs. OctaFX: Which trading platform is the best?
Trading platforms are essential because you cannot execute trades without them. Trading platforms also provide price charts and a variety of analytical tools that help traders to better understand their strategies.
Exness offers MetaTrader 4, MetaTrader 5 trading to their clients. Exness offers mobile trading, browser-based platform, one-click trading, trailing stop, and pending orders. OctaFX, on the other hand, offers MetaTrader 4 and MetaTrader 5 trading. It also supports One-click trading, Trailing Stop, Pending Orders, Mobile trading, and Mobile trading.
Which trading instrument provider is better, Exness or OctaFX?
Forex brokers often offer trading instruments that are not limited to currency pairs. This is well-known. This offer offers traders interesting options to explore new markets and diversify their trading portfolios.
Exness allows trading in Forex, Gold & silver, CFD, Oil, Stocks, Indexes, Metals, Energies, Cryptocurrencies, whereas OctaFX offers the ability to trade with Forex, Gold & silver, Indexes, Energies, Cryptocurrencies.
The final decision on which broker is better depends on your criteria. A variable spread is better than a fixed spread if you’re an active trader. MetaTrader 4 is the most popular trading platform. If you prefer a more sophisticated platform and want to have an entirely different trading experience, choose a broker that offers alternative platforms. You should also look for brokers that offer more trading instruments if you are interested in exploring different markets.
OctaFX vs Exness: The Pros and Cons
Since 2008, Exness Trading Company has been trading Forex. Nymstar Limited is the company that manages the broker’s activities. It is registered in Republic of Seychelles. Licenses of CySEC, FCA (Office of Financial Regulation and Supervision of Great Britain), and FSA (Office of Financial Regulation and Supervision of the Republic of Seychelles) regulate the service. The broker is the leader in Forex ratings. The monthly trading turnover of the company is $325.8 million USD. CFDs are available from the broker for stocks, cryptocurrency, and more than 120 currency pairs. They also offer CFDs for energy, metals, and energy. Exness’s service offers traders favorable working conditions: low commission, instant execution orders and withdrawal of funds. You can earn up to $999 on small deposits. There are many options available for opening an account, depending on traders’ needs. Demo accounts are available. These are useful for professional traders as well as beginners.
Since 2011, OctaFX Broker provides Forex services. The broker is licensed by CySEC and offers favorable conditions to Forex traders. OctaFX is currently used by over 6.6 million clients around the world as an intermediary to financial markets. However, the broker focuses on countries in the Asia-Pacific region. OctaFX is very popular in Indonesia, Malaysia and Pakistan, as well as other countries. Both active traders and passive investors can use its services. They are able to replicate the winning trading strategies of other market participants. Capital Finance International named OctaFX the Best CFD broker in Asia-Pacific in 2020 and Global Banking and Finance Review named it The Best Forex Broker Asia in 2021.
