OctaFX Alternatives: Updated for 2025
This alternatives to OctaFX guide has been updated for 2025 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about the alternatives to OctaFX to make sure you have as much information as possible to make an informed decision.
There are a lot of good alternatives to OctaFX like Startrader, freetrade, and easyMarkets. They all provide the same, if not more, benefits to their clients. If you feel that OctaFX is not quite right for you then it would be worth getting a virtual account with some of the best OctaFX alternatives and check if they are a better fit for you before moving any money around.
The most complete guide to OctaFX alternatives on the internet
There are a lot of reasons OctaFX may not be a good fit for your trading needs. Whatever reason you are looking for a better OctaFX alternative or OctaFX competitor with similar services, comparebrokers.org will always try to give you as much helpful information so you can find what it is you need. Below you can find the most popular OctaFX alternatives.
For each of the below alternative to OctaFX, we also highlight the key differences to OctaFX and for each platform feature show you the best competitors. For each OctaFX alternative online trading platform shown we also have detailed broker reviews and guides that you can easily click to view elsewhere on comparebrokers.org, all based on hundreds of datapoints collected and reviewed by experts. If you are unimpressed with OctaFX, find some great alternative brokersbrokers|online trading platforms|brokerages.
Having a reputable and dependable broker is crucial to your trading success. All of the OctaFX alternative platforms listed in this OctaFX alternatives guide have good reputations and match what you are looking for.
Alternatives With Lower Minimum Deposit
OctaFX has a minimum desposit of $5, you can see how the minimum deposit requirements of OctaFX compare with the minimum deposit requirements of OctaFX competitors. Trading platforms have lower minimum deposits to get traders to join with them, but having higher a minimum deposit isn’t always a bad thing, it all depends on your personal trading needs.
| Broker | Minimum Deposit | Find Out More |
|---|---|---|
|
OctaFX |
$5 | |
| freetrade |
$0 | |
| easyMarkets |
$100 | |
| Uphold |
$1 | |
| instaforex |
$250 |
Alternatives Offering Virtual Portfolio Accounts
OctaFX offers demo accounts so you can learn their systems before risking any real money. Newbie traders can open a demo account in order to better understand the aspects of Forex trading and test out some of the company’s features before signing up for a live account.
Below we list some of the best alternatives to OctaFX that has virtual portfolio accounts.
| Broker | Offers Demo Account? | Find Out More |
|---|---|---|
|
OctaFX |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
Yes |
|
Alternatives Offering Negative Balance Protection
OctaFX offers negative balance protection. It is especially offered while the industry volatility prevents customers from allowing their account go into the red. In such a scenario, OctaFX provides the ability to reset a customers account balance to zero.
You can go through the important terms and conditions on OctaFX's website to comprehend their policies.
Below we show some of the best alternatives to OctaFX that have negative balance protection.
| Broker | Offers Negative Balance Protection? | Find Out More |
|---|---|---|
|
OctaFX |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| Uphold |
Yes |
Alternatives Offering Guaranteed Stop Loss
OctaFX provide a guaranteed Stop Loss facility.
If there's absolutely no free margin left with the client, OctaFX will stop your own positions. If the losses in the stopped out position exceeds your account balance, you might encounter a negative account balance.
Below we list some of the top OctaFX alternatives that have guaranteed stop loss available for their clients.
| Broker | Offers Guaranteed Stop Loss? | Find Out More |
|---|---|---|
|
OctaFX |
Yes | |
| easyMarkets |
Yes | |
| Uphold |
Yes | |
| instaforex |
Yes | |
| FreshForex |
Yes |
Alternatives Offering Scalping
No, the terms and conditions of OctaFX don't allow scalping. It is a trading technique which is not allowed on the agent's platform. You have to refer to OctaFX's terms and conditions to read more about its own policies.
Below we show some of the top alternatives to OctaFX that allow scalping functionality to their users.
| Broker | Offers Scalping? | Find Out More |
|---|---|---|
|
OctaFX |
||
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Hedging
The terms and conditions of OctaFX don't condone hedging. It's a trading technique that is not allowed on the agent's platform. You must refer to OctaFX's provisions and conditions to see more about its policies.
Below we list some of the top alternatives to OctaFX that allow hedging services to their customer base.
| Broker | Offers Hedging? | Find Out More |
|---|---|---|
|
OctaFX |
||
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Social Trading
OctaFX's social trading platform allows traders to share their expertise with others to build a community of investors and traders. What stocks they are monitoring, what to buy, what to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. It is a more independent version of copy trading.
Below we show some of the top alternatives to OctaFX that offer social trading capabilities.
| Broker | Offers Social Trading? | Find Out More |
|---|---|---|
|
OctaFX |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Copy Trading
OctaFX's copy trading platform allows traders to share their expertise with others to build a community of investors and traders. Which stocks they are following, what stocks to buy, and what stocks to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. It is a more independent version of social trading.
Below we list some of the best OctaFX alternatives that has copy trading to their clients
| Broker | Offers Copy Trading? | Find Out More |
|---|---|---|
|
OctaFX |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Compare OctaFX To All Other Brokers