Written by ForexBrokers.com
In this head to head comparison of eToro 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.
eToro vs. Octa: eToro was founded in 2007 and is publicly traded, while Octa, founded in 2011, is not listed. Neither company is a bank. This means both operate as online brokers, but only eToro has shares trading on a stock exchange.
Regulation and trust: eToro holds four Tier-1 licenses (most trusted regulators) and one Tier-2 license (trusted), compared with Octa’s one Tier-1 and one Tier-2 license. On ForexBrokers.com’s 0–99 Trust Score scale—90–99 highly trusted; 80–89 trusted; 70–79 average risk; 60–69 high risk; under 59 not trusted—eToro scores 97 (highly trusted), while Octa scores 73 (average risk).
| Feature |
eToro
|
Octa
|
|---|---|---|
| Year Founded | 2007 | 2011 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
In a commissions and fees comparison, eToro and Octa are both rated 4 out of 5 stars, but eToro holds the better spot overall, ranking #24 out of 36 brokers for Commissions and Fees, while Octa ranks #28. eToro is a market-maker broker with a typical variable spread of 1 pip on EUR/USD, which is a bit above the industry average. That means it is usually not the go-to choice for traders chasing the lowest spreads, though many users are drawn to its social copy trading features instead.
Octa has made clear progress on pricing and now competes more closely with lower-cost MetaTrader brokers. Its EUR/USD spread is listed at 0.5 pips for the EU entity and 0.9 pips for its foreign entities, and it also advertises no overnight carry costs plus no slippage on 97.5% of executed orders. Even so, Octa’s pricing can vary by account type and regulatory entity, and some restrictions may be less friendly for high-frequency traders.
For traders comparing everyday costs, eToro may appeal more for its platform experience and copy trading tools, while Octa may look better on paper for spread pricing in some regions. Still, both brokers earn the same 4-star fee rating, with eToro finishing slightly ahead in the category thanks to its stronger overall placement.
| Feature |
eToro
|
Octa
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $25 |
| Average spread (EUR/USD) - Spread-only account | 1 | 0.9 |
| All-in Cost EUR/USD - Raw spread account | 1 | N/A |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | 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, eToro gives traders far more choice than Octa. eToro offers 7,441 tradeable symbols and 65 forex pairs, compared with Octa’s 300 symbols and 35 forex pairs. Both brokers support forex trading as a CFD or spot contract, as well as copy trading, and both let clients trade international exchange-listed securities. However, only eToro also offers U.S. exchange-listed shares such as Apple, and it allows you to buy actual cryptocurrency as well as crypto CFDs. Octa only offers crypto CFDs, not delivered coins.
Overall, eToro is the stronger pick for investors who want a wider selection of markets and assets. That is reflected in its 5-star Range of Investments rating and #10 ranking out of 36 brokers by ForexBrokers.com, while Octa scores 3.5 stars and ranks #35. If having more choice matters most, eToro is the more flexible option.
| Feature |
eToro
|
Octa
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7441 | 300 |
| Forex Pairs (Total) | 65 | 35 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | Yes | 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.
When comparing eToro and Octa for trading platforms and tools, both brokers give beginners a simple way to get started with a free demo account, a web-based platform, and copy trading. Each also offers its own in-house platform, and both let you trade directly from a chart, which can make it easier to act quickly while watching price moves. eToro stands out for its user-friendly experience and higher ratings in this category, while Octa offers a broader range of platform options for traders who want more flexibility.
The biggest difference is that Octa also provides MetaTrader 4, MetaTrader 5, and a Windows desktop platform, while eToro does not. eToro is rated 4.5 out of 5 stars for Trading Platforms and Tools and ranks #8 out of 36 brokers, compared with Octa’s 4 stars and #33 ranking. If you want a simpler, browser-first setup with strong copy trading, eToro is a strong choice; if you prefer MetaTrader or a desktop download, Octa may be the better fit.
| Feature |
eToro
|
Octa
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 106 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
eToro and Octa both make trading on the go easy, with iPhone and Android apps, plus price alerts and the ability to draw trendlines on charts. The biggest difference comes down to convenience and charting depth. eToro stands out with watchlist syncing between its mobile app and online account, so changes carry over automatically, while Octa does not offer this feature. eToro also gives mobile users access to 104 technical studies, far more than Octa’s 30, which can be helpful for traders who rely on chart analysis.
In overall mobile app quality, eToro leads Octa as well. eToro earns a 4.5-star rating for Mobile Trading Apps and ranks #10 out of 36 brokers at ForexBrokers.com, while Octa receives 4 stars and ranks #31. One area where Octa has an edge is drawing management, since its app auto-saves chart drawings and eToro’s does not. Even so, eToro is the stronger pick for traders who want more chart tools and better app-to-account syncing, while Octa may appeal to users looking for a simpler mobile trading experience.
| Feature |
eToro
|
Octa
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing eToro and Octa for market research, both brokers give traders the basics they need, including daily market commentary, forex news from top sources like Bloomberg and Reuters, and an economic calendar for tracking global events. That said, eToro has a slight edge in research depth because it also offers sentiment data showing long and short positions, plus market research from TipRanks. Octa, on the other hand, stands out for offering Autochartist tools, which eToro does not.
Overall, eToro is rated 4.5 out of 5 for research and ranks #12 out of 36 brokers in the ForexBrokers.com Research category, while Octa is rated 4 out of 5 and ranks #25 out of 36. In plain terms, both brokers cover core research needs well, but eToro offers more extras for idea generation, while Octa’s main advantage is Autochartist support.
| Feature |
eToro
|
Octa
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | Yes | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to beginner-friendly learning, eToro and Octa both give new traders plenty to work with. Each broker offers forex and CFD education with at least 10 learning pieces on those topics, plus online educational webinars at least once a month. They also both provide at least 10 beginner videos and 10 advanced videos, so users can find material whether they are just starting out or want to build more skills later on.
Even so, eToro has the edge in education. It is rated 4.5 out of 5 stars for Education and ranks #3 out of 36 brokers at ForexBrokers.com, compared with Octa’s 4 out of 5 stars and #34 ranking. For beginners who want a broker with stronger educational support and a wider sense of overall learning quality, eToro comes out ahead, while Octa still offers a solid set of educational tools.
| Feature |
eToro
|
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 eToro is better than Octa. eToro finished with an overall rank of #9, while Octa finished with an overall rank of #37.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
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Octa
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| Trust Score | 97 | 73 |
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In the eToro vs Octa comparison, eToro lets you buy actual (delivered) cryptocurrency and trade crypto CFDs, while Octa offers only cryptocurrency CFDs and does not support buying real, delivered crypto.
In the eToro vs Octa comparison for deposit and withdrawal methods, eToro supports ACH/SEPA transfers and PayPal (as well as Skrill and bank wires), while Octa lacks ACH/SEPA and PayPal but does offer Skrill and bank wire transfers.
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 | eToro | Octa | |
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| Trust Score | 97 | 73 | |
| Winner | check_circle | ||
| Review | eToro Review | Octa Review |
| Broker Screenshots | eToro | Octa | |
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| Regulation | eToro | Octa | |
|---|---|---|---|
| Trust Score | 97 | 73 | |
| Year Founded | 2007 | 2011 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | eToro | 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) | Yes | 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) | eToro | 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 | eToro | Octa | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7441 | 300 | |
| Forex Pairs (Total) | 65 | 35 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | Yes | 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 | eToro | Octa | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 1 | 0.9 | |
| All-in Cost EUR/USD - Raw spread account | 1 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | eToro | Octa | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $25 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| Trading Platforms | eToro | Octa | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | eToro | Octa | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 106 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | Octa | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 104 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | No | Yes |
| Research | eToro | Octa | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | No | No | |
| TipRanks | Yes | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | eToro | Octa | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | eToro | Octa | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| Review | eToro Review | Octa Review |
| Overall | eToro | Octa | |
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| Trust Score | 97 | 73 | |
| Winner | check_circle | ||
| Review | eToro Review | Octa Review |
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