Written by ForexBrokers.com
In this head to head comparison of Eightcap 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.
Eightcap (founded 2009) and Octa (founded 2011) are online brokers that are not publicly traded and are not banks. On the ForexBrokers.com Trust Score scale (90-99 highly trusted, 80-89 trusted, 70-79 average risk, 60-69 high risk, under 59 not trusted), Eightcap scores 87 (trusted) while Octa scores 73 (average risk).
Regulation differs: Eightcap holds 3 Tier-1 licenses (highly trusted) and 1 Tier-2 license (trusted), whereas Octa holds 1 Tier-1 license and 1 Tier-2 license. These license counts help show how each broker is supervised across top- and mid-tier jurisdictions, aligning with their Trust Scores.
| Feature |
Eightcap
|
Octa
|
|---|---|---|
| Year Founded | 2009 | 2011 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When it comes to commissions and fees, Eightcap and Octa both offer pricing that can suit active forex traders, but they take different approaches. Eightcap gives traders a choice between a commission-based Raw account and a spread-only Standard account. Its Raw account shows an average spread of 0.06 pips, and after adding the $3.50 commission per side, the all-in cost comes to about 0.76 pips, which is just below the industry average. Eightcap is rated 4.5 out of 5 stars for commissions and fees and ranks #20 out of 36 brokers in this category.
Octa has made clear progress on pricing and now competes more closely with lower-cost MetaTrader brokers. Depending on your account type and region, spreads can differ: Octa’s EU entity lists an average EUR/USD spread of 0.5 pips, while its international entities list 0.9 pips. Octa also advertises no overnight carry costs and no slippage on 97.5% of executed orders, though some rules may limit high-frequency trading. Octa is rated 4 out of 5 stars for commissions and fees and ranks #27 out of 36 brokers.
Overall, Eightcap has the edge on commissions and fees thanks to its slightly better category ranking and stronger star rating, while Octa remains a solid low-cost option for many traders. If your main focus is the lowest possible trading costs, Eightcap currently has the clearer advantage, although Octa’s pricing has improved a lot.
| Feature |
Eightcap
|
Octa
|
|---|---|---|
| Minimum Deposit | $100 | $25 |
| Average spread (EUR/USD) - Standard account | 1.0 | 0.9 |
| All-in Cost EUR/USD - Active | 0.76 | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to range of investments, Eightcap gives traders more to choose from than Octa. Eightcap offers 803 tradeable symbols and 55 forex pairs, compared with Octa’s 300 symbols and 35 forex pairs. Both brokers support forex trading as a CFD or spot contract, and both offer cryptocurrency CFDs, but neither lets clients buy actual cryptocurrency. Neither broker offers U.S.-listed exchange traded securities, such as Apple shares bought outright.
Octa does have a few extra features in this area, including access to some international exchange traded securities and copy trading, which Eightcap does not provide. Even so, both brokers are rated 3.5 out of 5 stars for range of investments. In ForexBrokers.com’s ranking of 36 brokers, Eightcap places higher at #30, while Octa comes in at #34.
| Feature |
Eightcap
|
Octa
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 803 | 300 |
| Forex Pairs (Total) | 55 | 35 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | No | 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.
Eightcap and Octa both give traders a strong set of platform choices, including free demo accounts, desktop and web-based trading, MetaTrader 4, MetaTrader 5, and the ability to place trades directly from charts. Each broker is also rated 4 out of 5 stars for Trading Platforms and Tools, which suggests a similar overall experience for most everyday traders.
The main difference is that Octa adds a proprietary in-house platform and copy trading, while Eightcap does not offer either feature. That gives Octa a slight edge for traders who want built-in social trading or a broker-developed platform. In ForexBrokers.com’s rankings for this category, Octa places just ahead of Eightcap at #31 versus #32 out of 36 brokers.
| Feature |
Eightcap
|
Octa
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 100 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Eightcap and Octa both make it easy to trade on the go, since each broker offers iPhone and Android apps, price alerts, trendline drawing, and auto-saving for chart drawings. Both mobile apps are also rated 4 out of 5 stars for mobile trading, so they deliver a similar overall experience for everyday traders who want to check markets and manage positions from a phone.
The main difference is in chart tools and watchlist syncing. Eightcap supports watchlist syncing between its mobile app and online account, which means any changes carry over across devices, while Octa does not offer this feature. Eightcap also gives traders more charting depth with 100 technical studies compared with Octa’s 30. Even so, Octa ranks slightly higher in ForexBrokers.com’s mobile trading apps category, placing #30 out of 36 brokers versus Eightcap at #32.
| Feature |
Eightcap
|
Octa
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 100 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, both Eightcap and Octa give traders daily market commentary and an economic calendar to track major global events. Eightcap also adds a sentiment tool that shows long and short positioning across instruments, plus research from Acuity Trading, which may help traders spot ideas more easily. However, it does not offer forex news from major outlets like Bloomberg or Reuters, and it does not include tools from Autochartist or Trading Central.
Octa has the edge overall for research. It also provides daily market commentary and an economic calendar, but unlike Eightcap, it includes forex news from top-tier sources and Autochartist tools for technical and market analysis. Octa does not offer sentiment tools or Acuity Trading, but its higher Research rating of 4 out of 5 stars and better ForexBrokers.com ranking at #24 out of 36 suggest a stronger research offering than Eightcap, which is rated 3.5 stars and ranked #34.
| Feature |
Eightcap
|
Octa
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to beginner education, both Eightcap and Octa give new traders a fair amount of help. Each broker offers at least 10 beginner-focused videos on trading topics, and both provide a good amount of forex or CFD learning material. That said, Octa has the edge for ongoing learning because it offers monthly educational webinars, while Eightcap does not. Octa also stands out for experienced traders, with at least 10 advanced educational videos, whereas Eightcap does not meet that mark.
Overall, Eightcap is rated 3.5 stars for Education and ranks #31 out of 36 brokers on ForexBrokers.com, while Octa earns 4 stars but ranks slightly lower at #32. For beginners, Octa may be the better pick if you want more live learning and advanced content, while Eightcap still offers a solid starting point for first-time traders.
| Feature |
Eightcap
|
Octa
|
|---|---|---|
| Webinars | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Eightcap is better than Octa. Eightcap finished with an overall rank of #30, while Octa finished with an overall rank of #35.
Eightcap enhances its status as a MetaTrader-only broker with support for a suite of third-party plug-ins, including TradingView.
| Feature |
Eightcap
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Octa
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| Trust Score | 87 | 73 |
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Comparing online brokers Eightcap and Octa: neither supports buying real, delivered cryptocurrencies, but both offer cryptocurrency CFD trading.
Eightcap vs Octa: for deposit and withdrawal methods, neither supports ACH or SEPA, both support Skrill and bank wire transfers, Eightcap uniquely supports PayPal while Octa does not, and Visa/Mastercard availability is not specified for either.
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 | Eightcap | Octa | |
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| Trust Score | 87 | 73 | |
| Winner | check_circle | ||
| Review | Eightcap Review | Octa Review |
| Broker Screenshots | Eightcap | Octa | |
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| Regulation | Eightcap | Octa | |
|---|---|---|---|
| Trust Score | 87 | 73 | |
| Year Founded | 2009 | 2011 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | Eightcap | Octa | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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) | Yes | 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) | Eightcap | Octa | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Eightcap | Octa | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 803 | 300 | |
| Forex Pairs (Total) | 55 | 35 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | No | 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 | Eightcap | Octa | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.0 | 0.9 | |
| All-in Cost EUR/USD - Active | 0.76 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Eightcap | Octa | |
|---|---|---|---|
| Minimum Deposit | $100 | $25 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | Eightcap | Octa | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | Eightcap | Octa | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 100 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Eightcap | 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 | 100 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Eightcap | Octa | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Eightcap | Octa | |
|---|---|---|---|
| Webinars | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes |
| Major Forex Pairs | Eightcap | Octa | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Eightcap Review | Octa Review |
| Overall | Eightcap | Octa | |
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| Trust Score | 87 | 73 | |
| Winner | check_circle | ||
| Review | Eightcap Review | Octa Review |
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