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 users. If you feel that OctaFX is not quite right for you then it would be worth getting a demo account with some of the top OctaFX alternatives and check if they are a better fit for you before moving any money around.
The most in depth review of OctaFX alternatives on the web
There's many reasons OctaFX may not be a good fit for you. Whatever reason you are hunting for a new OctaFX alternative or OctaFX competitor with better services, comparebrokers.org try to give you as much useful information so you can find what it is you need. Below you can find the best OctaFX alternatives.
For each of the alternative to OctaFX, we break down the key differences to OctaFX and for each section show you the best alternatives. For each OctaFX alternative online trading platform shown we also have detailed trading platform 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 online trading platformsbrokers|online trading platforms|brokerages.
Having a reputable and dependable broker is important for your trading success. All of the OctaFX alternative brokers we list in this OctaFX alternatives guide have good reputations and fit 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 deposits of OctaFX competitors. Brokers have lower minimum deposits to get users to join with them, but having higher a minimum deposit requirement isn’t necessarily 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 test your trading strategies before risking any real money. Inexperienced traders can open a demo account in order to become better acquainted with the areas of Forex trading and test out some of the company’s features before getting a live account.
Below we list some of the best alternatives to OctaFX that offer 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 has negative balance protection. It is specially offered when the market volatility prevents customers from allowing their accounts go in the red. In a situation like this, OctaFX offers the ability to reset a customers account balance to zero.
You are able to go through the important conditions on OctaFX's site to understand their policies.
Below we detail 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 offer a guaranteed Stop Loss capability.
When there is no free margin left together with the customer, OctaFX will cease your own positions. When the losses in the stopped out position exceeds your account balance, you may encounter a negative account balance.
Below we show some of the top OctaFX alternatives that offer guaranteed stop loss available for their customers.
| 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 do not condone scalping. It's a trading technique which is not permitted on the broker's platform. You must refer to OctaFX's terms and conditions to see more about its policies.
Below we list some of the best alternatives to OctaFX that offer scalping functionality to their clients.
| Broker | Offers Scalping? | Find Out More |
|---|---|---|
|
OctaFX |
||
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Hedging
The stipulations of OctaFX do not allow hedging. It is 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 own policies.
Below we list some of the top alternatives to OctaFX that allow hedging services to their client base.
| Broker | Offers Hedging? | Find Out More |
|---|---|---|
|
OctaFX |
||
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Social Trading
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, OctaFX offers social trading which encompasses leading traders sharing their knowledge with the community. What stocks they are monitoring, what to buy, what to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. This is independent copy trading..
Below we detail some of the best 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
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, OctaFX offers copy trading which gives access to leading traders sharing their knowledge with the community. What stocks they are monitoring, what to buy, what to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. This is calculated social trading..
Below we list some of the top alternatives to OctaFX that have 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