Written by ForexBrokers.com
In this head to head comparison of BlackBull Markets vs Octa, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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BlackBull Markets vs Octa: BlackBull Markets (founded 2014) and Octa (founded 2011) are online brokers that are privately held and not banks; neither is listed on a stock exchange.
Regulation and safety: each broker holds one Tier-1 license (viewed as highly trusted by ForexBrokers.com). BlackBull Markets has 0 Tier-2 licenses, while Octa has 1. According to ForexBrokers.com Trust Scores (out of 99), BlackBull Markets scores 77 and Octa scores 73—placing both in the 70–79 “average risk” range; 80–89 is “trusted” and 90–99 “highly trusted.”
| Feature |
BlackBull Markets
|
Octa
|
|---|---|---|
| Year Founded | 2014 | 2011 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
BlackBull Markets and Octa both offer competitive pricing, but BlackBull Markets comes out ahead overall for commissions and fees. BlackBull Markets is rated 4.5 stars and ranks #9 out of 36 brokers for this category. Its trading costs are about average for the industry and depend on the account you choose. The Standard account has no commission and no minimum deposit, but spreads are wider. The Prime account has lower spreads, with an average EUR/USD spread of 0.16 pips in March 2024 and an all-in cost of about 0.76 pips after commission, while the ECN Institutional account is built for larger traders with a $20,000 minimum deposit and lower commission rates.
Octa is rated 4 stars and ranks #27 out of 36 brokers for commissions and fees. Its pricing has improved a lot and is now closer to some of the lowest-cost MetaTrader brokers. Octa also advertises no overnight carry costs and no slippage on 97.5% of executed orders, but it has some limits that may not suit active or high-frequency traders. Fees and spreads vary by account type and by the Octa entity you trade under, with EU clients using the broker’s EU setup and international clients using South Africa or offshore entities.
In simple terms, BlackBull Markets offers clearer pricing options and stronger value for most traders, especially on its Prime account, while Octa is still competitive but less transparent in its spread data. If you want the better-rated choice for commissions and fees, BlackBull Markets has the edge over Octa.
| Feature |
BlackBull Markets
|
Octa
|
|---|---|---|
| Minimum Deposit | $0 | $25 |
| Average spread (EUR/USD) - Standard account | 1.16 | 0.9 |
| All-in Cost EUR/USD - Active | 0.76 | N/A |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing BlackBull Markets vs Octa for range of investments, BlackBull Markets offers a much wider selection overall. BlackBull Markets provides access to 26,000 tradeable symbols and 72 forex pairs, while Octa offers 300 tradeable symbols and 35 forex pairs. Both brokers support forex trading as CFDs or spot contracts, offer copy trading, and let clients trade cryptocurrency CFDs, but neither lets you buy actual delivered cryptocurrency.
BlackBull Markets also stands out for share investing, since it offers exchange traded securities on both U.S. and international exchanges, such as Apple shares in the U.S. and Vodafone shares in the U.K. Octa offers international exchange traded securities, but not U.S.-listed shares. These differences are reflected in their ratings: BlackBull Markets earns 5 out of 5 stars for Range of Investments and ranks #7 out of 36 brokers on ForexBrokers.com, while Octa scores 3.5 out of 5 stars and ranks #34 out of 36.
| Feature |
BlackBull Markets
|
Octa
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 300 |
| Forex Pairs (Total) | 72 | 35 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
BlackBull Markets and Octa both give traders a wide mix of platform choices and tools. Each broker supports a free demo account, desktop and web trading, copy trading, MetaTrader 4, MetaTrader 5, and the ability to place trades directly from charts. For traders who want to practice first or switch between devices, both brokers cover the basics well.
The main difference is that Octa also offers its own in-house trading platform, while BlackBull Markets does not. In ForexBrokers.com’s Trading Platforms and Tools review, both brokers earn 4 out of 5 stars, but BlackBull Markets ranks higher overall at #25 out of 36 brokers, compared with Octa at #31. For many users, the choice may come down to whether they want a broker’s proprietary platform or prefer to use familiar third-party tools like MT4 and MT5.
| Feature |
BlackBull Markets
|
Octa
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 109 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
BlackBull Markets and Octa both offer mobile trading apps for iPhone and Android, along with stock and forex price alerts. Each app also includes 30 technical studies, trendline drawing, and automatic saving of chart drawings, making either platform a solid choice for mobile charting. Both brokers are rated 4 out of 5 stars for Mobile Trading Apps, so in terms of basic features, they are very similar.
The main difference is watchlist syncing. BlackBull Markets lets watchlists sync between the mobile app and the online account, so any updates carry over either way. Octa does not offer this feature. That gives BlackBull Markets a slight edge for traders who want their watchlists to stay consistent across devices. ForexBrokers.com ranks BlackBull Markets at #28 out of 36 brokers for Mobile Trading Apps, while Octa is ranked #30.
| Feature |
BlackBull Markets
|
Octa
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
BlackBull Markets and Octa both give traders daily market commentary, Autochartist tools, and an economic calendar, so each broker covers the basic research needs well. Neither broker offers Trading Central, TipRanks, or Acuity Trading tools. BlackBull Markets also stands out for its sentiment tool, which shows the balance of long and short positions across markets, while Octa does not include this feature.
Where Octa has an edge is in forex news from top-tier sources such as Bloomberg, Reuters, and Dow Jones, which BlackBull Markets does not provide. Based on ForexBrokers.com research ratings, BlackBull Markets scores 4.5 out of 5 and ranks #17 out of 36 brokers, while Octa scores 4 out of 5 and ranks #24 out of 36. Overall, BlackBull Markets has a slight lead for market research, but Octa is still a solid choice for traders who want trusted news coverage.
| Feature |
BlackBull Markets
|
Octa
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | Yes |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for trading education, both BlackBull Markets and Octa provide a wide range of learning materials focused on forex and CFDs. Each broker offers at least 10 educational pieces on these topics, along with monthly online client webinars and 10 or more beginner videos plus 10 or more advanced videos. This means new traders can find helpful content whether they are just starting out or want to build more advanced skills.
When comparing the two, BlackBull Markets has the edge on education quality and overall ranking. It earns 4.5 out of 5 stars for Education and ranks #24 out of 36 brokers at ForexBrokers.com, while Octa scores 4 out of 5 stars and ranks #32. If you want the stronger option for educational support, BlackBull Markets comes out ahead, though Octa still offers plenty of useful learning resources for beginners.
| Feature |
BlackBull Markets
|
Octa
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that BlackBull Markets is better than Octa. BlackBull Markets finished with an overall rank of #22, while Octa finished with an overall rank of #35.
BlackBull Markets is a growing broker best known for its broad platform support, including MetaTrader, cTrader, TradingView, and copy trading tools, along with a large range of tradeable instruments.
| Feature |
BlackBull Markets
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Octa
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| Trust Score | 77 | 73 |
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Comparing online brokers BlackBull Markets vs Octa: neither offers purchasing actual delivered cryptocurrency, but both provide cryptocurrency CFD trading for speculating on crypto prices without owning the underlying asset.
Comparing online brokers BlackBull Markets and Octa, BlackBull supports ACH/SEPA transfers, Skrill, and bank wires (no PayPal), while Octa offers Skrill and bank wires but not ACH/SEPA or PayPal.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | BlackBull Markets | Octa | |
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| Trust Score | 77 | 73 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | Octa Review |
| Broker Screenshots | BlackBull Markets | Octa | |
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| Regulation | BlackBull Markets | Octa | |
|---|---|---|---|
| Trust Score | 77 | 73 | |
| Year Founded | 2014 | 2011 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | BlackBull Markets | Octa | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | BlackBull Markets | Octa | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | BlackBull Markets | Octa | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 300 | |
| Forex Pairs (Total) | 72 | 35 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | BlackBull Markets | Octa | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.16 | 0.9 | |
| All-in Cost EUR/USD - Active | 0.76 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | BlackBull Markets | Octa | |
|---|---|---|---|
| Minimum Deposit | $0 | $25 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | BlackBull Markets | Octa | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | BlackBull Markets | Octa | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 109 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | BlackBull Markets | Octa | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | BlackBull Markets | Octa | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | Octa | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | BlackBull Markets | Octa | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | BlackBull Markets Review | Octa Review |
| Overall | BlackBull Markets | Octa | |
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| Trust Score | 77 | 73 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | Octa Review |
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