Written by ForexBrokers.com
In this head to head comparison of Exness 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.
Exness, established in 2008, and Octa, founded in 2011, are prominent online brokers in the forex market. Neither Exness nor Octa is publicly traded or operates as a bank, which means they are not listed on any stock exchange and do not perform banking services. When it comes to regulatory strength, Exness stands out with two Tier-1 licenses and three Tier-2 licenses, signaling a high level of trust, while Octa holds one Tier-1 and one Tier-2 license. These licenses are crucial in assessing the brokers' reliability, as Tier-1 is regarded as highly trusted and Tier-2 as trusted by ForexBrokers.com.
In terms of overall trustworthiness, Exness achieves a Trust Score of 81 out of 99, categorizing it as a trusted broker. Octa, on the other hand, has a Trust Score of 72, placing it in the average risk bracket. While both brokers have their strengths, Exness's higher ratings and more extensive regulatory coverage may appeal to clients prioritizing security and trust in their trading experience.
| Feature |
Exness
|
Octa
|
|---|---|---|
| Year Founded | 2008 | 2011 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 3 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
Exness offers a comprehensive range of account types to cater to various traders, including two standard accounts and three professional accounts. The key differences lie in their commission-based and commission-free options. Commission-based accounts from Exness, like the Zero Spread and Raw accounts, feature lower spreads, but involve trading fees; the Zero Spread account charges a per-trade commission of $0.05, while the Raw account charges up to $7 per round turn lot. On the other hand, the commission-free options, such as the Standard and Pro accounts, have higher spreads but no per-trade commissions, with the Pro account offering both instant and market execution methods. Exness is rated 4 out of 5 stars for its commissions and fees, ranking 35th among 63 brokers by ForexBrokers.com.
Octa, contrastingly, has improved its pricing competitiveness and ranks alongside some of the lowest-cost MetaTrader brokers. Octa's offerings depend much on the account type and the regulatory entity—either in the EU or other regions like South Africa or Mwali. This regional variance influences the spreads available to traders, for instance, the EU entity advertises a 0.5 pip average spread for EUR/USD pairs, in contrast to 0.9 pips at its other branches. Despite lacking precise date references for their average spread data, Octa’s pricing structure is robust and significantly improved from previous years. Octa also holds a 4-star rating for commissions and fees, but ranks slightly higher at 29th out of 63 brokers as per ForexBrokers.com.
Both Exness and Octa present appealing options for traders with their range of accounts designed to suit different trading preferences. Exness is notable for its varied execution methods and range of account types, while Octa is recognized for its pricing efficiency improvements and competitive spread offerings. Traders might gravitate towards Exness for its flexible account execution options or towards Octa for potentially lower costs, contingent on being under the right regulatory entity. Each broker's 4-star rating underlines their solid standing in the niche of competitive pricing and trading fees.
| Feature |
Exness
|
Octa
|
|---|---|---|
| Minimum Deposit | $10 | $25 |
| Average Spread EUR/USD - Standard | N/A | 0.9 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | 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 the investment options available at Exness and Octa, there are notable differences and similarities that can influence your trading experience. Both platforms offer forex trading through CFDs or spot contracts, catering to forex enthusiasts. Exness provides a wider selection of forex pairs with 96 options compared to Octa's 35 pairs. However, Octa surpasses Exness in overall tradeable symbols, offering a broader range with 300 options against Exness's 227.
Neither Exness nor Octa allows trading of U.S. exchange-traded securities like Apple shares, but Octa provides access to international exchange-traded securities, such as Vodafone shares, which Exness does not. Both platforms offer copy trading and provide cryptocurrency derivatives instead of the actual digital currencies. Despite these differences, both brokers have garnered a similar rating of 3.5 stars for their range of investments. Their rankings on ForexBrokers.com place Octa slightly ahead at #52, while Exness stands at #55 out of 63 brokers evaluated in this category.
| Feature |
Exness
|
Octa
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 227 | 300 |
| Forex Pairs (Total) | 96 | 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 Exness and Octa for their trading platforms and tools, both brokers offer comprehensive options that cater to a range of trading needs. Both provide free simulated trading accounts, allowing users to practice without financial risk. They also offer proprietary platforms and familiar options like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), available on Windows desktop and web-based platforms. Additionally, both brokers support copy trading, providing flexibility for different types of traders. However, neither Exness nor Octa support DupliTrade or ZuluTrade, emphasizing their focus on other trading tools.
Charting tools are a differentiating factor, with Exness offering 87 drawing tools compared to Octa's 15, which may appeal to traders who rely heavily on chart analysis. Both brokers facilitate trading directly from stock charts, and they offer seven columns for watch lists, ensuring traders can keep track of key metrics. Ranked by ForexBrokers.com, Exness holds the #26 spot while Octa comes in at #37 out of 63 brokers for trading platforms and tools, both earning a solid four out of five stars. This shows that while both offer competitive platforms, Exness garners slightly higher recognition for its platform and tools offerings.
| Feature |
Exness
|
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) | 107 | 30 |
| Charting - Drawing Tools (Total) | 87 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Exness and Octa cater to iPhone and Android users, providing essential features like stock or forex price alerts. Traders looking to analyze markets will appreciate the charting capabilities of both platforms. Exness offers more technical studies with 35 options, compared to 30 from Octa. Additionally, both apps allow users to draw trendlines and view different time frames, such as daily or weekly, on their charts.
While modifications made to watchlists do not sync between mobile and online accounts for either broker, both apps enable users to create watchlists with real-time quotes. However, there's a difference in how they save chart drawings: Octa's app auto-saves them, but Exness does not. Both are rated four stars for their mobile trading apps, yet Exness holds a higher rank at #26 compared to Octa's #36 in the category by ForexBrokers.com.
| Feature |
Exness
|
Octa
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 35 | 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.
Both Exness and Octa offer daily market commentary and provide forex news from leading sources like Bloomberg, Reuters, and Dow Jones. However, when it comes to additional research tools, Exness and Octa have distinct offerings. Exness provides a sentiment-based trading tool that highlights the ratio of long and short positions across various instruments, whereas Octa includes technical analysis and fundamental research tools from Autochartist. Additionally, Exness partners with Trading Central for technical analytics, while Octa does not. However, neither broker makes use of other major research companies like TipRanks or Acuity Trading for their services.
When it comes to economic calendars, both brokers offer insights into current and upcoming global news events. Despite some similarities, Octa holds a slight advantage in research with a rating of 4 stars out of 5, compared to Exness with 3.5 stars. According to ForexBrokers.com, this difference reflects Octa's higher ranking of 27 out of 63 brokers for market research, while Exness ranks 41. These ranking variations provide potential clients with insight into each broker's focus and expertise within market research offerings.
| Feature |
Exness
|
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 Exness and Octa cater to new traders with a variety of foundational materials focused on forex and CFDs. Each platform provides at least ten educational pieces such as articles, videos, and archived webinars. While both brokers boast searchable archives of recorded webinars, Octa offers the added benefit of monthly live educational webinars, which Exness does not. This makes Octa particularly appealing for those who value real-time learning and interaction.
Exness matches Octa in offering beginner-friendly video tutorials but falls short in providing advanced educational content for experienced traders, whereas Octa excels by offering more advanced materials. Both brokers present a comprehensive investor dictionary with over 50 terms, aiding novices in understanding financial jargon. Rated 4 stars for education by ForexBrokers.com, Octa holds a slight edge over Exness, who garnered 3.5 stars. In a ranking of 63 brokers, Octa sits at #42 while Exness trails at #47, emphasizing Octa's slight superiority in educational offerings.
| Feature |
Exness
|
Octa
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | 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 Exness is better than Octa. Exness finished with an overall rank of #43, while Octa finished with an overall rank of #47.
Exness is a MetaTrader-only broker regulated in the EU offering multiple account types and forex pairs, but its offering lacks the range of CFDs forex brokers typically offer.
| Feature |
Exness
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Octa
|
|---|---|---|
| Overall Rating |
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| Trust Score | 81 | 72 |
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Both Exness and Octa allow users to trade cryptocurrency derivatives, but neither platform offers the ability to purchase actual, delivered cryptocurrencies.
Both Exness and Octa offer Skrill, Visa, Mastercard, and bank wire options for depositing and withdrawing account funds, though neither provides ACH, SEPA, or PayPal services.
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 | Exness | Octa | |
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| Trust Score | 81 | 72 | |
| Winner | check_circle | ||
| Review | Exness Review | Octa Review |
| Broker Screenshots | Exness | Octa | |
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| Regulation | Exness | Octa | |
|---|---|---|---|
| Trust Score | 81 | 72 | |
| Year Founded | 2008 | 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 | 3 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | Exness | Octa | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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) | 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) | Exness | Octa | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | 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) | Yes | No |
| Investments | Exness | Octa | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 227 | 300 | |
| Forex Pairs (Total) | 96 | 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 | Exness | Octa | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 0.9 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Exness | Octa | |
|---|---|---|---|
| Minimum Deposit | $10 | $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 | No | No |
| Trading Platforms | Exness | 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 | Exness | Octa | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 107 | 30 | |
| Charting - Drawing Tools (Total) | 87 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Exness | Octa | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 35 | 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 | Exness | 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 | Exness | Octa | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Exness | 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 | Exness Review | Octa Review |
| Overall | Exness | Octa | |
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| Trust Score | 81 | 72 | |
| Winner | check_circle | ||
| Review | Exness Review | Octa Review |
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