OctaFX vs AB Forex, 2024 Update
OctaFX Rating
|
AB Forex Rating
|
Losses can exceed deposits |
Your capital is at risk |
OctaFX vs AB Forex Guide |
Read our In-Depth OctaFX vs AB Forex Review - 2024 Update
This review comparing OctaFX and AB Forex has been refreshed for 2024 from seasoned professionals boasting considerable financial experience in CFDs, Forex, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of OctaFX vs AB Forex does not apply to all countries as follows:
OctaFX Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
AB Forex Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare OctaFX vs AB Forex
Every platforms for online trading feature a few ups and downs, so a complete OctaFX and AB Forex review should not be regarded as thorough without having an objective perspective.
Assess OctaFX and AB Forex to understand the way these platforms compare to each prior to you create an account. Conducting a comprehensive comparison will bring aspects into perspective to ensure that you are informed about the expectations.
So you are looking for a broker and are choosing between OctaFX or AB Forex. Which one is best in 2024?
This OctaFX vs AB Forex comparison contains the latest information so you can easily compare AB Forex against OctaFX.
If you're a new entrant in the realm of trading and brokerages, so many details will be perplexing for you. Getting into the area of trading requires expert analyzing skills and comprehensive understanding. You will get adept at all of the concepts of broker as you keep trading. For starters, you have to choose the right agent who'll be clear with you constantly.
Within this fast-paced world of stock markets and trading, you'll need advice to make proper decisions. A professionally direct investment program has the potential to create hefty returns. OctaFX and AB Forex are two such platforms that will take you and your investment into great heights. It's crucial that you compare OctaFX vs AB Forex before you trust them with your cash.
Our OctaFX vs AB Forex comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust OctaFX and AB Forex side by side.
Our full OctaFX vs AB Forex Review covers all you need to know about trading using either OctaFX or AB Forex. A good broker can multiply your initial investments and provide you favorable profits. If you want to earn profits, you must trade with a brokerage service that contrasts with your investing objectives.
There is no sure-fire method to guarantee profits; thus, you must carefully assess your agent before you choose them. It is a common misconception that all brokers are the same, but that is not true. Wrong judgment, in the beginning, can set your investments in danger.
OctaFX and AB Forex are both brokers which have found their way successfully into the broker world. Within this review, we've attempted to collate some of the important aspects of both OctaFX and AB Forex. This review can help you to understand whether either AB Forex or OctaFX is a good match for your own investments or not. We have tried to breakdown all the features and fees for your convenience.
Benefits of OctaFX and AB Forex Compared
OctaFX has a minimum deposit of $5 while AB Forex offers a $100 minimum deposit.
Why smaller minimum deposits are good and how OctaFX and AB Forex compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
OctaFX allows you to trade around financial instruments whilst AB Forex has around financial instruments available.
The more instruments you can trade on the OctaFX and AB Forex trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of OctaFX or AB Forex.
OctaFX and AB Forex Contact Details
Being able to contact your broker simply is important. OctaFX and AB Forex have the following contact details and social medias that you can use.
Broker | OctaFX | AB Forex |
---|---|---|
Telephone Number | ||
smm@octafx.com | ||
Address | 133 HOUNDSDITCH, London, Greater London EC3A 7BX | |
OctaFX Twitter Account | AB Forex Twitter Account | |
OctaFX Facebook Page | AB Forex Facebook Page | |
OctaFX Instagram Account | AB Forex Instagram Account | |
OctaFX LinkedIn Page | AB Forex LinkedIn Page | |
YouTube | OctaFX YouTube Channel | AB Forex YouTube Channel |
Find Out More |
|
|
AB Forex and OctaFX Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
In this part of our comparison of OctaFX and AB Forex we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of the apps as better than average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
While most brokers are good at this, there are some poor ones. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
OctaFX vs AB Forex - Awards
OctaFX vs AB Forex - Frequently Asked Questions
OctaFX vs AB Forex - Headquarters And Year Of Founding
OctaFX was founded in 2014 and has its headquaters in St. Vincent and the Grenadines.
AB Forex was founded in 2003 and has its headquaters in STOCKHOLM.
What is the minimum deposit for AB Forex or OctaFX
The minimum deposit for OctaFX is $5.
The minimum deposit for AB Forex is $100.
Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both OctaFX and AB Forex are a good choice.
OctaFX vs AB Forex - Regulation And Licencing In More Detail
OctaFX is regulated by Financial Conduct Authority (FCA).
AB Forex is regulated by Unregulated.
AB Forex is unregulated but OctaFX has a strong set of rules for ensuring fair trading on its individual platforms. For information encryption functions, they provide industry-standard secure socket layer (SSL).
In accordance with their individual privacy regulation, client data is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare OctaFX vs AB Forex Commission And Fees
OctaFX and AB Forex are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online trading platforms are scaled much better. In other words, an online broker is not necessarily affected by the number of customers they have.
However, this does not necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for various services to earn money. There are primarily 3 types of fees for this purpose.
The first kind of charges to keep an eye out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you're billed trading fees. In such instances, you are paying a spread, financing rate, or a commission. The sorts of trading fees and the prices vary from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the other hand, a spread refers to the difference between the buying and selling cost. Financing or overnight prices are those that are charged when you hold a leveraged position for more than daily.
Apart from trading fees, online agents also charge non-trading fees. These are dependent on the actions you undertake on your account. They're billed for surgeries like depositing cash, not trading for long periods, or withdrawals.
In general, neither OctaFX or AB Forex charge high fees compared to other online agents. For operations other agents fee for, they either do not charge a brokerage fee, or they charge a smaller sum. This is beneficial for those who regularly trade, for example weekly or daily trading.
However, non-trading fees charged by OctaFX and AB Forex are relatively competitive. Consequently, you are billed more for non-trading actions on your trading account, like withdrawal and deposits. These are not about the purchase and sale of resources.
This OctaFX vs AB Forex review for 2024 breaks down each of the relevant non-trading charges for you in detail.
Compare Broker Fees For OctaFX And AB Forex
Broker | OctaFX | AB Forex |
---|---|---|
Minimum Deposit | $5 | $100 |
Withdrawal Fees | No | Yes |
Inactivity Fees | No | Yes |
Deposit Fees | No | Yes |
CFD Fees | No | Yes |
Find Out More |
|
|
What Languages Do OctaFX And AB Forex Support?
Being able to chat easily with your trading broker is a key element when comparing online brokers to find the best broker. Not only for support but to ensure you understand everything on their website and inside their application as it is a key part of success when trading forex.
Here you can find the languages that both OctaFX and AB Forex support.
Broker | OctaFX | AB Forex |
---|---|---|
Languages Supported | English | English, and Chinese |
Find Out More |
|
|
How Many Clients Do OctaFX and AB Forex Have?
Both OctaFX and AB Forex are well known and trusted. It is important to work with an online broker you can trust and one of the easiest ways of understanding this is by knowing how many clients they already work with.
Below you will find details of how many users OctaFX and AB Forex are working with
Broker | OctaFX | AB Forex |
---|---|---|
Clients / Users | 30,000+ | 10,000+ |
Find Out More |
|
|
What Payment Methods Do OctaFX and AB Forex Accept?
OctaFX and AB Forex both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at OctaFX and AB Forex
Broker | OctaFX | AB Forex |
---|---|---|
Bank Transfers | Yes | No |
Credit Cards | Yes | No |
PayPal | No | No |
Skrill | No | No |
Payoneer | No | |
Neteller | Yes | No |
Find Out More |
|
|
What Can You Trade With OctaFX and AB Forex?
OctaFX offers trading instruments whilst AB Forex offers 21.
Below you will find a full breakdown of what both OctaFX and AB Forex offer.
OctaFX Review
OctaFX vs AB Forex:
Table Of Contents
- Compare OctaFX vs AB Forex
- Benefits of OctaFX and AB Forex Compared
- AB Forex and OctaFX Mobile App Comparison
- OctaFX vs AB Forex - Awards
- OctaFX vs AB Forex - Frequently Asked Questions
- What is the minimum deposit for AB Forex or OctaFX
- OctaFX vs AB Forex - Regulation And Licencing In More Detail
- Compare Broker Fees For OctaFX And AB Forex
- What Languages Do OctaFX And AB Forex Support?
- How Many Clients Do OctaFX and AB Forex Have?
- What Payment Methods Do OctaFX and AB Forex Accept?
- What Can You Trade With OctaFX and AB Forex?