7 minute read
JustMarkets vs OctaFX: Which Broker Is Right for You?
from JustMarkets
by Exness_India
When choosing between JustMarkets and OctaFX, it’s important to get straight to the point: if you value a wide range of trading instruments, flexible account types, and strong global regulation, JustMarkets may be the better choice. But if you’re looking for a user-friendly platform with a focus on low-cost trading and Islamic account availability, OctaFX might suit you more. Let’s dive deeper into the core differences between these two brokers to help you decide which one aligns best with your trading needs.
✅ Trade with JustMarkets now: Open An Account or Visit Brokers 👈
Regulation and Safety
JustMarkets operates under Just Global Markets Ltd, which is regulated by the Financial Services Authority (FSA) of Seychelles. While it’s not a top-tier regulatory body like the FCA or ASIC, JustMarkets still follows international compliance standards, such as client fund segregation and negative balance protection. It also serves clients in many countries, excluding a few restricted jurisdictions like the U.S. and some EU nations.
OctaFX, on the other hand, is registered under Octa Markets Incorporated, which is regulated by CySEC (Cyprus Securities and Exchange Commission) for its European operations and the FSA in Saint Vincent and the Grenadines for its international clients. CySEC provides a slightly stronger level of regulatory oversight than the FSA Seychelles, giving OctaFX an edge when it comes to compliance—especially for traders within the EU.
Verdict: For tighter regulatory conditions, OctaFX is slightly ahead. But for global accessibility, JustMarkets takes the lead.
Account Types and Flexibility
JustMarkets offers Standard, Pro, Raw Spread, and Cent accounts. These cater to everyone from complete beginners to institutional-level traders. The Raw Spread account is a standout feature for scalpers and EA users looking for tight spreads and fast execution. The Cent account is excellent for beginners to practice with real money but minimal risk.
OctaFX, in contrast, offers only one live account type for its global clients: the MT4 or MT5 account (depending on the platform). While it’s simplified and user-friendly, the lack of variety may limit flexibility for advanced traders looking for specialized trading environments.
Verdict: For account variety and trader flexibility, JustMarkets clearly wins.
Trading Platforms and Tools
Both brokers support MetaTrader 4 (MT4) and MetaTrader 5 (MT5). However, JustMarkets also integrates Mobile Trading, WebTrader, and access to copy trading features, allowing both manual and social traders to benefit. JustMarkets’ support for Raw Spread accounts on MT5 also gives algorithmic traders the conditions they need.
OctaFX additionally offers its own custom trading app, which includes copy trading, order management, and analytics all in one place. This streamlined approach is appealing for beginner traders who prefer an all-in-one mobile experience.
Verdict: If you want more tools and platform flexibility, JustMarkets is better. If you prioritize a simple, mobile-first trading experience, OctaFX shines.
Spreads and Fees
JustMarkets offers spreads starting from 0.0 pips on Raw Spread accounts, with a commission of $3 per lot per side. On its Standard and Pro accounts, spreads are competitive and vary by market condition. The broker does not charge deposit or withdrawal fees, which is a big plus for cost-conscious traders.
OctaFX also offers low spreads, often between 0.6 – 1.2 pips, with no commission, making it an attractive choice for traders who want a simple fee structure. However, its spreads are slightly wider than those on JustMarkets’ Raw account during peak hours.
Verdict: For traders wanting raw spreads and professional pricing, JustMarkets has the edge. For those preferring no-commission, all-inclusive pricing, OctaFX is simpler.
Deposit & Withdrawal Options
JustMarkets supports a wide array of payment methods including bank transfers, credit/debit cards, Skrill, Neteller, crypto wallets (Bitcoin, Ethereum), Perfect Money, and more. Withdrawal processing is typically completed within 1–2 hours on business days.
OctaFX also supports similar payment options, including cryptocurrency deposits, and provides zero-fee deposits and withdrawals. Its processing time is usually within a few hours, but some users have reported delays during high traffic periods.
Verdict: Both brokers are competitive in this area. But JustMarkets’ faster processing times and broader method support give it a slight advantage.
✅ Trade with JustMarkets now: Open An Account or Visit Brokers 👈
Educational Resources and Customer Support
When it comes to educating traders, OctaFX has a more developed section of webinars, video tutorials, articles, and FAQs. Its content is tailored for beginners and intermediate traders and regularly updated.
JustMarkets offers basic educational materials, a solid help center, and real-time news through its trading platform. However, its learning materials are less structured than OctaFX’s.
Both brokers offer 24/7 customer support via live chat, email, and social media channels. Response times are fast and friendly on both platforms.
Verdict: For educational content, OctaFX is better suited to new traders. For faster support and platform-specific help, JustMarkets performs excellently.
Trading Instruments
JustMarkets offers over 170 instruments, including:
· Forex pairs (major, minor, exotic)
· Indices
· Metals (gold, silver)
· Cryptocurrencies (BTC, ETH, XRP, etc.)
· Energies (Oil, Natural Gas)
· Stocks and ETFs
OctaFX has a smaller selection, focusing on:
· Forex
· Metals
· Indices
· Cryptocurrencies
Its asset list is functional but not as diversified as JustMarkets. This might limit trading opportunities for those wanting to diversify across asset classes.
Verdict: JustMarkets provides far greater asset variety, making it a better option for multi-asset traders.
Islamic Accounts and Regional Access
Both brokers offer swap-free Islamic accounts, making them suitable for Muslim traders. However, OctaFX has positioned itself well in Asia and the Middle East, with localized content and support.
JustMarkets, while also accessible in these regions, tends to attract a more global client base with its wider account types and international market reach.
Verdict: For regional familiarity, OctaFX has stronger localized support. For a more versatile, global trading environment, JustMarkets leads.
Mobile Trading Experience
OctaFX has invested significantly in its custom mobile app, allowing users to trade, copy strategies, and manage accounts without switching platforms. It’s smooth, fast, and perfect for newer traders.
JustMarkets relies on the MT4/MT5 mobile apps and WebTrader, which are industry-standard but lack some of the unique UX features OctaFX offers.
Verdict: If mobile trading is your priority, OctaFX provides a more tailored and polished experience.
Final Verdict: Which Broker Is Right for You?
If you are a beginner or casual trader who values simplicity, low-cost trading, and an easy-to-use mobile app, OctaFX might be the right fit. Its streamlined platform, commission-free structure, and solid educational materials are especially good for those just starting out.
However, if you are a more experienced trader, or someone who prefers professional-level tools, raw spreads, more asset choices, and multiple account types, then JustMarkets is the superior choice. Its flexibility, deeper market access, and low trading costs make it ideal for both advanced retail and institutional clients.
In the end, the best broker for you depends on your trading style, goals, and experience level. But for those who prioritize flexibility, instrument diversity, and professional pricing, JustMarkets delivers a more comprehensive and dynamic trading experience.
Key Takeaway:
· Choose JustMarkets if you want flexibility, low raw spreads, more instruments, and multiple account types.
· Choose OctaFX if you prefer simplicity, zero commissions, mobile trading, and beginner support.
Whichever broker you pick, make sure to test their platform with a demo account, define your trading goals, and prioritize risk management at all times.
✅ Trade with JustMarkets now: Open An Account or Visit Brokers 👈
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