Exness has become a global Forex company and has users all over the world. For that reason, it is a very popular company, but OctaFX is also a very well-known Forex company. Which one is better for actual use?
Exness company profile
Founded in 2008, Exness is a world-famous Forex brand with a global presence. Multinational corporate group with official financial licenses in multiple countries, including European and international subsidiaries and affiliates. As of April 2022, it boasts a transaction size of over $2,105 trillion.
What is OctaFX?
OctaFX is a Forex company that has a large number of users mainly in the Asian region. There are many bonuses and campaigns, as well as a full range of services, and it will be a Forex company that also offers copy trading.
FX company ranking 2023
I took a look at the TradersUnion rankings and compared which is more popular, Exness or OctaFX. Exness is ranked 2nd in the world and you can see that it is quite popular.
OctaFX is not even in the top 100.
Distribution of registered users by country and region
Exness is a well-known Forex company with many users in Thailand, Southeast Asia, South Asia, South America and Africa.
Compared to this, OctaFX is very focused on India. The main user will obviously be India. Other than that, we have users in South Asia, Southeast Asia and even Africa.
Exness VS OctaFX
| Exness | OctaFX | |
| Headquarter | Cyprus | St. Vincent and the Grenadines |
| Established | 2008 | 2011 |
| License | FSA | FSA |
| Minimum Deposit | $1 | $50 |
| Maximum Leverage | 2000 | 500 |
| Demo Account | 〇 | 〇 |
| Islamic Account | 〇 | 〇 |
| Support | Email Live Chat | Email Live Chat |
| Automated Trading | 〇 | 〇 |
| Scalping | 〇 | 〇 |
| Hedging | 〇 | 〇 |
| Mobile Trading | 〇 | 〇 |
| Bonus | × | 〇 |
| Instruments | Forex, metals, cryptocurrencies, energies, indices, stocks | Forex, CFDs, indices, commodities, cryptocurrencies |
| Margin Trading | 〇 | 〇 |
| MetaTrader 4 | 〇 | 〇 |
| MetaTrader 5 | 〇 | 〇 |
| cTrader | × | × |
| Auto Trading | 〇 | 〇 |
| Copy Trading | × | 〇 |
| Social Trading | 〇 | 〇 |
leverage
In terms of leverage, Exness is clearly better. Exness’s leverage is among the highest in the world, making it a company capable of fairly high leverage trading. Compared to this, OctaFX is inferior.
Bonus
Exness has no bonuses to begin with. Furthermore, there are no campaigns, which is a huge disadvantage. Compared to this, OctaFX is better off. Bonuses and campaigns are held here from time to time. However, on the other hand, Exness has a much narrower spread, so Exness has an overwhelming advantage when doing scalping trades.
support system
In terms of support structure, Exness is better. The Exness support center is notoriously slow to respond, but it speaks a lot of languages. On the other hand, OctaFX basically only supports English.
| Exness | OctaFX |
| English, Russian, Chinese, Urdu, Japanese, Malay, Indonesian, Hindi, Arabic, Bengali, Farsi, Tamil, Vietnamese, Thai, Korean, and Spanish | English |
Deposit/withdrawal
In terms of deposits and withdrawals, OctaFX has more support.
| Exness | OctaFX |
| Credit cards, Bank Transfer, Neteller, PerfectMoney, WebMoney, CashU, Payoneer, | Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Fasapay, UnionPay, Bitcoin, BCA, Mandiri, BNI, BRI, FasaPay, |
Recommended by Exness
Overall, Exness is a company that can trade with high leverage, and can compete with fairly narrow spreads, so from a trader’s point of view, Exness is better. It is possible to open an account for free. I will introduce it in detail in the article below.
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