Uphold vs OctaFX, Who's Better?
Read our In-Depth Uphold vs OctaFX Review - Updated for 2022
This Uphold vs OctaFX review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this Uphold vs OctaFX review does not apply to all countries as follows:
Uphold Excluded Countries
Anguilla, Antarctica, Armenia, Azerbaijan, Barbados, Belarus, Cambodia, Central African Republic, Chad, Cuba, Eritrea, Fiji, French Southern Territories, Guinea, Heard Island and McDonald Islands, Iran, Lebanon, Liberia, Mali, Mauritius, Democratic Peoples Republic of Korea, Palau, Samoa, Sudan, Syrian Arab Republic, United States Minor Outlying Islands, Vanuatu, Albania, American Samoa, Azerbaijan, Bangladesh, Belarus, Bosnia and Herzegovina, Bulgaria, Burundi, China, Democratic Republic of the Congo, Congo, Croatia, Equatorial Guinea, Georgia, Germany, Guinea Bissau, Haiti, Indonesia, Iraq, Kenya, Libya, Republic of Moldova, Montenegro, Myanmar, Netherlands, North Macedonia, Romania, Russian Federation, Serbia, Slovenia, Somalia, Turkmenistan, Ukraine, Venezuela, Vietnam, and Yemen.
OctaFX Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare Uphold vs OctaFX
Every online trading platform has a few pros and cons, and no Uphold and OctaFX review would be complete without having a balanced approach. Compare Uphold and OctaFX to understand how they line up against each other before you create an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for an online trading platform and are choosing between Uphold or OctaFX. Who should you choose?
This Uphold vs OctaFX comparison contains the latest information so you can easily compare OctaFX against Uphold.
If you're a new entrant in the world of trading and brokers, so many details will be confusing for you. Getting into the area of trading demands expert assessing skills and comprehensive understanding. You'll acquire adept at all the concepts of broker since you keep trading. For starters, you need to select the right agent who'll be transparent with you constantly.
Within this fast-paced universe of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment program has the potential to generate hefty returns. Uphold and OctaFX are just two such platforms which will take you and your investment to great heights. It's crucial to compare Uphold vs OctaFX before you trust them with your money.
Our Uphold vs OctaFX comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Uphold and OctaFX side by side.
Our full Uphold vs OctaFX Review covers all you will need to learn about trading using either Uphold or OctaFX. A good broker can multiply your initial investments and give you favorable profits. If you would like to earn profits, you must trade with a broker service that contrasts with your investing goals.
There's absolutely no sure-fire way to guarantee profits; thus, you should carefully analyze your broker before you select them. It's a common misconception that all agents are exactly the same, but that is not true. Wrong judgment, in the beginning, can set your investments at risk.
Uphold and OctaFX are both brokers which have found their way successfully into the broker world. Within this review, we have tried to collate a number of the vital facets of both Uphold and OctaFX. This review can help you to know whether either OctaFX or Uphold is a good fit for your own investments or not. We've tried to breakdown all the features and charges for your advantage.
Benefits of Uphold and OctaFX Compared
Uphold has a minimum deposit of $1 while OctaFX offers a $5 minimum deposit.
Why smaller minimum deposits are good and how Uphold and OctaFX 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.
Uphold has around 211 financial instruments while OctaFX has around 211 on their platform.
The more instruments you can trade on the Uphold and OctaFX 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 Uphold or OctaFX.
Uphold and OctaFX Contact Details
Being able to contact your broker through many ways is vital. Uphold and OctaFX have the following contact details and social medias that you can use.
|Telephone Number||+1 (415) 925-2711|
|Address||700 Larkspur Landing Cir, Ste 263, Larkspur, California 94939, US||133 HOUNDSDITCH, London, Greater London EC3A 7BX|
|Uphold Twitter Account||OctaFX Twitter Account|
|Uphold Facebook Page||OctaFX Facebook Page|
|Uphold Instagram Account||OctaFX Instagram Account|
|Uphold LinkedIn Page||OctaFX LinkedIn Page|
|YouTube||Uphold YouTube Channel||OctaFX YouTube Channel|
|Find Out More||
OctaFX and Uphold Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
In this part of our comparison of Uphold and OctaFX we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of both apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Although most brokers do OK in this area, there are some bad apples out there. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin 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?
Uphold vs OctaFX - Awards
Uphold vs OctaFX - Frequently Asked Questions
Uphold vs OctaFX - Headquarters And Year Of Founding
Uphold was founded in 2013 and has its headquaters in United States.
OctaFX was founded in 2014 and has its headquaters in St. Vincent and the Grenadines.
What is the minimum deposit for OctaFX or Uphold
The minimum deposit for Uphold is $1.
The minimum deposit for OctaFX is $5.
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 Uphold and OctaFX are a good option.
Uphold vs OctaFX - Regulation And Licencing In More Detail
Uphold is regulated by FCA and FINCEN: Uphold Europe Limited, Reg No. 09281410. Uphold HQ Inc. NMLS ID No. 1269875 .
OctaFX is regulated by Financial Conduct Authority (FCA).
Both Uphold and OctaFX have a strong collection of rules for ensuring honest trading onto their own platforms. For data encryption functions, they supply industry-standard secure socket layers (SSL).
As per their privacy policies, customer information is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare Uphold vs OctaFX Commission And Fees
Uphold and OctaFX are online broker platforms, and most online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled better. In other words, an internet broker isn't necessarily influenced by the number of clients they have.
But this does not mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to earn money. There are primarily three different types of fees for this objective.
The first sort of charges to keep an eye out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you're billed trading fees. In such instances, you're paying a spread, financing rate, or even a commission. The kinds of trading fees and the rates differ from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the flip side, a spread refers to the difference between the buying and selling price. Funding or overnight rates are people that are billed when you maintain a leveraged position for longer than a day.
Aside from trading fees, online agents also charge non-trading fees. These are dependent on the activities you undertake in your accounts. They're charged for operations like depositing cash, not investing for long periods, or withdrawals.
In general, neither Uphold or OctaFX charge high fees compared to other online brokers. For operations other brokers charge for, they do not charge a broker fee, or they charge a lesser amount. This can be beneficial for those who regularly trade, such as daily or weekly trading.
But, non-trading fees charged by Uphold and OctaFX are relatively higher. Consequently, you are charged more for non-trading activities on your trading accounts, like deposits and withdrawal. These aren't related to the sale and purchase of resources.
This Uphold vs OctaFX review for 2022 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For Uphold And OctaFX
What Languages Do Uphold And OctaFX Support?
Being able to communicate completely with your online broker is a key way of comparing brokers to find your perfect broker. Not only for support but to ensure you understand everything on their website and inside their application as it is a key factor to success when trading forex.
Below you will find the languages that both Uphold and OctaFX support.
How Many Clients Do Uphold and OctaFX Have?
Both Uphold and OctaFX are well known and trusted. It is really important to work with an online broker that is reputable and one of the most simple ways of establishing this is by knowing how many customers they already work with.
Below you will find details of how many users Uphold and OctaFX are active on their platform
What Payment Methods Do Uphold and OctaFX Accept?
Uphold and OctaFX 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 Uphold and OctaFX
What Can You Trade With Uphold and OctaFX?
Uphold offers 211 trading instruments whilst OctaFX offers .
Below you will find a full breakdown of what both Uphold and OctaFX offer.
Compare Uphold To All Other Brokers
Compare OctaFX To All Other Brokers
Uphold vs OctaFX:
Table Of Contents
- Compare Uphold vs OctaFX
- Benefits of Uphold and OctaFX Compared
- OctaFX and Uphold Mobile App Comparison
- Uphold vs OctaFX - Awards
- Uphold vs OctaFX - Frequently Asked Questions
- What is the minimum deposit for OctaFX or Uphold
- Uphold vs OctaFX - Regulation And Licencing In More Detail
- Compare Broker Fees For Uphold And OctaFX
- What Languages Do Uphold And OctaFX Support?
- How Many Clients Do Uphold and OctaFX Have?
- What Payment Methods Do Uphold and OctaFX Accept?
- What Can You Trade With Uphold and OctaFX?