Written by ForexBrokers.com
In this head to head comparison of easyMarkets vs Octa, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
easyMarkets, established in 2001, holds a ForexBrokers.com Trust Score of 84, which places it in the trusted category. It isn't publicly traded nor is it a bank, but it does have two Tier-1 licenses, the highest level of trust, and one Tier-2 license which also signifies a good level of trust according to ForexBrokers.com. This regulatory framework emphasizes easyMarkets' commitment to maintaining reliable and secure trading conditions for its clients.
In comparison, Octa, founded a decade later in 2011, holds a Trust Score of 72, indicating an average risk category. Like easyMarkets, Octa is not listed on a stock exchange nor is it a bank. Octa has one Tier-1 and one Tier-2 license, offering a balanced level of regulatory oversight. The difference in trust scores and number of high-trust licenses are key factors to consider for traders evaluating security and assurance when choosing between these two online brokers.
| Feature |
easyMarkets
|
Octa
|
|---|---|---|
| Year Founded | 2001 | 2011 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When it comes to evaluating commissions and fees, easyMarkets and Octa each offer distinct advantages tailored to different types of traders. easyMarkets, rated at 3.5 stars for commissions and fees and ranked #52 out of 63 brokers by ForexBrokers.com, features fixed spreads starting at 0.8 pips for the EUR/USD pair on its proprietary platform and TradingView. Traders using the MT4 platform experience higher costs, with spreads at 1.7 pips for the Standard account, but benefit from lower spreads of 0.7 pips with a VIP account. MT5 users enjoy a variable spread starting from 0.7 pips, providing some flexibility in trading conditions.
On the other hand, Octa has made significant strides in its pricing structure and is recognized with a 4-star rating for commissions and fees, securing the #29 spot out of 63 brokers reviewed by ForexBrokers.com. Although past pricing issues were noted, Octa now challenges some of the cheapest MetaTrader brokers, boasting no slippage on 97.5% of its executed orders and waiving overnight costs. However, high-frequency traders might find certain restrictions limiting. Account types and corresponding fees at Octa depend largely on the regulatory entity—whether in the EU, South Africa, or Mwali—which can affect spread pricing for instruments like the EUR/USD pair, ranging from an average of 0.5 pips to 0.9 pips depending on the jurisdiction.
Overall, easyMarkets provides a straightforward fee structure with fixed spreads, ideal for traders who prefer predictable costs. Octa, meanwhile, offers competitive pricing that varies by location and account type, enhancing its appeal to international traders seeking low-cost trading, despite the lack of dated spread data for precise comparison. Whether a trader prioritizes fixed fees or competitive flexibility will influence which broker better aligns with their trading strategy.
| Feature |
easyMarkets
|
Octa
|
|---|---|---|
| Minimum Deposit | $25 | $25 |
| Average Spread EUR/USD - Standard | 0.8 | 0.9 |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing easyMarkets and Octa based on their available investments, both platforms offer Forex trading as CFDs or spot contracts, with easyMarkets providing access to 63 tradeable Forex pairs while Octa offers 35 pairs. If you're looking for diversity in tradeable symbols, Octa edges out with 300 symbols compared to easyMarkets' 230. However, neither company allows the purchase of exchange-traded securities like shares from the U.S. market. When it comes to international exchanges, Octa provides more options, allowing the purchase of stocks like Vodafone, whereas easyMarkets does not.
Both brokers support cryptocurrency trading through derivatives rather than actual cryptocurrency purchases. Additionally, each platform facilitates copy trading, appealing to traders interested in mimicking successful strategies. Despite these offerings, both platforms earned a rating of 3.5 stars for their range of investments, with easyMarkets ranked #54 and Octa slightly ahead at #52 out of 63 brokers in the ForexBrokers.com ranking for investment range diversity. This suggests a fairly comparable yet distinct experience when selecting the right platform for diverse trading options.
| Feature |
easyMarkets
|
Octa
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 230 | 300 |
| Forex Pairs (Total) | 63 | 35 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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.
When comparing easyMarkets and Octa based on their trading platforms and tools, both brokers provide a comprehensive suite of features to accommodate traders of all levels. They offer simulated trading through free virtual demo accounts, which is a great benefit for beginners who want to practice without financial risk. Each broker has also developed a proprietary platform, alongside providing access to well-known options like MetaTrader 4 and MetaTrader 5, catering to different trading preferences. Both support Windows-based desktop platforms and web-based trading, allowing for flexibility in terms of access. Additionally, each offers copy trading features, which can be appealing to those who like following and replicating the trades of experienced investors.
In terms of charting capabilities, easyMarkets provides a wider array of drawing tools with 30 tools available, compared to Octa, which offers 15. Furthermore, traders can execute trades directly from stock charts with both brokers, enhancing ease of use. For those who like to organize their trading information, easyMarkets offers slightly more options with 8 columns for watch lists versus Octa’s 7 columns. Both received a solid 4-star rating for their trading platforms and tools, although easyMarkets ranks a little higher on ForexBrokers.com in this category at #35 out of 63 brokers, compared to Octa at #37. While neither broker offers integration with third-party platforms like DupliTrade or ZuluTrade, their current offerings ensure a capable and versatile trading experience.
| Feature |
easyMarkets
|
Octa
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 15 | 30 |
| Charting - Drawing Tools (Total) | 30 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both easyMarkets and Octa offer mobile trading apps for iPhone and Android users, making it convenient for traders to manage their investments on the go. When it comes to keeping an eye on market movements, Octa has the edge with stock and forex price alerts, a feature not available on the easyMarkets app. However, if you’re looking for seamless integration between your mobile app and online account, easyMarkets stands out by automatically syncing watchlists across platforms, whereas Octa does not offer this functionality.
For those who rely heavily on technical analysis, easyMarkets provides a richer experience with 81 technical studies available in its app’s charting features, compared to 30 by Octa. Both apps allow users to draw trendlines and view charts in various time frames, but Octa offers the added convenience of auto-saving chart drawings. Creating watchlists with real-time quotes is easy on both platforms, yet easyMarkets holds a slight advantage in appraisal, ranked 30th out of 63 brokers in the Mobile Trading Apps category by ForexBrokers.com, while Octa is ranked 36th. Both apps, however, receive a respectable 4 out of 5 stars for their overall mobile app trading experience.
| Feature |
easyMarkets
|
Octa
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | No | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 81 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of easyMarkets and Octa, both brokers provide daily market commentary and forex news from high-quality sources like Bloomberg and Reuters. However, their toolsets diverge when it comes to technical analysis and sentiment-based tools. easyMarkets includes Trading Central's analytics and offers a sentiment-based trading tool, providing an overview of long and short positions across various instruments. On the other hand, Octa does not offer these specific tools but compensates with resources from Autochartist for technical and fundamental analysis. Both platforms present economic calendars for tracking global financial events, but neither provides market research from TipRanks or Acuity Trading tools like Signal Centre.
Considering overall research strength, Octa scores slightly higher with a four-star rating compared to easyMarkets' 3.5 stars. Additionally, Octa holds a more favorable position, ranked #27 out of 63 brokers by ForexBrokers.com for their research category, versus easyMarkets at #43. While both brokers offer substantial market insights, the choice between them might depend on the specific tools and features a trader values more in their research process.
| Feature |
easyMarkets
|
Octa
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both easyMarkets and Octa offer a wealth of content to help newcomers understand forex and CFDs. Each platform provides over 10 educational pieces including articles, videos, and archived webinars, meaning users have plenty of material to digest. Beginners can also benefit from monthly online webinars, which are available on both platforms, as well as having access to a searchable archive of past sessions. Additionally, easyMarkets and Octa both host at least 10 beginner-focused videos that cover various trading topics, making it easier for newbies to learn at their own pace.
Advanced traders are not left behind, as easyMarkets and Octa offer a range of educational videos specifically for experienced users. These features are complemented by comprehensive investing dictionaries, each with definitions of over 50 terms, ensuring that traders can quickly brush up on any concept. While both brokers provide a strong educational foundation, Octa slightly edges out easyMarkets with a 4-star rating for education compared to 3.5 stars for easyMarkets. However, easyMarkets holds a marginally better rank in ForexBrokers.com's education category, sitting at #39 of 63 brokers, with Octa ranked at #42.
| Feature |
easyMarkets
|
Octa
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that easyMarkets is better than Octa. easyMarkets finished with an overall rank of #42, while Octa finished with an overall rank of #47.
easyMarkets is easy to use and offers several unique features attractive to beginners through its proprietary trading platform. However, its web platform is a bit dated and it offers a below-average selection of tradeable products.
| Feature |
easyMarkets
|
Octa
|
|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 72 |
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Both easyMarkets and Octa do not offer the ability to buy actual delivered cryptocurrency, but they both provide options to buy cryptocurrency derivatives instead.
When comparing online brokers easyMarkets and Octa, both offer the flexibility of using Skrill, Visa or Mastercard, and bank wires for deposits and withdrawals, but easyMarkets distinguishes itself by supporting ACH or SEPA transfers, which Octa does not, and neither platform currently supports PayPal transactions.
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 | easyMarkets | Octa | |
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| Trust Score | 84 | 72 | |
| Winner | check_circle | ||
| Review | easyMarkets Review | Octa Review |
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| Regulation | easyMarkets | Octa | |
|---|---|---|---|
| Trust Score | 84 | 72 | |
| Year Founded | 2001 | 2011 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | easyMarkets | Octa | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | easyMarkets | Octa | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | easyMarkets | Octa | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 230 | 300 | |
| Forex Pairs (Total) | 63 | 35 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | easyMarkets | Octa | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.8 | 0.9 | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | easyMarkets | Octa | |
|---|---|---|---|
| Minimum Deposit | $25 | $25 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | easyMarkets | Octa | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | easyMarkets | Octa | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 15 | 30 | |
| Charting - Drawing Tools (Total) | 30 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | easyMarkets | Octa | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | No | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 81 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | easyMarkets | Octa | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | easyMarkets | Octa | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | easyMarkets | Octa | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | easyMarkets Review | Octa Review |
| Overall | easyMarkets | Octa | |
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| Trust Score | 84 | 72 | |
| Winner | check_circle | ||
| Review | easyMarkets Review | Octa Review |
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