Written by ForexBrokers.com
In this head to head comparison of FP Markets 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.
FP Markets, founded in 2005, stands out with its solid reputation and trustworthiness in the online brokerage space. It holds two Tier-1 licenses and one Tier-2 license, which are significant indicators of reliability and safety for its clients. As per ForexBrokers.com, FP Markets boasts a Trust Score of 89, categorizing it as a trusted broker. It's important to note that FP Markets is not publicly traded and does not operate as a bank, but it has built a strong presence over the years, catering to the needs of traders globally.
Octa, which entered the market in 2011, is another player in the world of online brokerage. It carries one Tier-1 license and one Tier-2 license, reflecting its moderate standing in terms of regulatory trust. With a Trust Score of 72 according to ForexBrokers.com, Octa is seen as an average risk broker. Like FP Markets, Octa is neither publicly traded nor a bank, but it serves its clientele with a variety of trading options and services.
| Feature |
FP Markets
|
Octa
|
|---|---|---|
| Year Founded | 2005 | 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 |
FP Markets vs Octa on costs: FP Markets earns 5/5 stars for commissions and fees and ranks #6 out of 63 brokers, while Octa scores 4/5 stars and ranks #30. Both can be low-cost for MetaTrader users, but FP Markets generally comes out cheaper for active traders using its commission-based Raw ECN setup. Octa has narrowed the gap with tighter spreads and no overnight swap fees, though pricing can vary by region and account type.
FP Markets offers two main choices. Its Raw ECN account averaged 0.1 pips on EUR/USD (about 0.8 pips all‑in after a $6 per round‑turn commission per standard lot) as of October 2023, making it a strong value for spread-sensitive traders. The Standard account is spread‑only and pricier (about 1.1 pips on EUR/USD). You can use these on MetaTrader or cTrader. For share CFDs, the Iress platform provides DMA pricing with full depth of book. Keep in mind that Iress ViewPoint in Australia has higher platform/data costs unless you’re on Premier or generate at least AUD 150 in monthly commissions; Iress Investor cuts fees but limits streaming data and charting.
Octa’s pricing depends on the entity and account you choose. In the EU, average EUR/USD spreads are listed around 0.5 pips, compared with about 0.9 pips under its foreign entities, though Octa doesn’t publish a date range for these averages. Octa advertises no slippage on 97.5% of orders and no overnight carry (swap) fees, but some rules may limit high‑frequency strategies. Platform availability also varies: the EU focuses on a single MT5 account, while international clients can access MT4, MT5, and OctaTrader.
| Feature |
FP Markets
|
Octa
|
|---|---|---|
| Minimum Deposit | $100 AUD | $25 |
| Average Spread EUR/USD - Standard | 1.2 | 0.9 |
| All-in Cost EUR/USD - Active | 0.7 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | 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.
Comparing FP Markets vs Octa for range of investments, FP Markets offers a much wider selection: about 10,000 tradeable symbols versus Octa’s 300. FP Markets also lists 71 forex pairs compared with Octa’s 35. Both brokers let you trade forex via CFDs or spot contracts, support copy trading, and provide crypto derivatives (but not actual coins).
When it comes to real shares, neither broker offers U.S.-listed stocks. FP Markets doesn’t offer real shares on international exchanges either, while Octa does provide access to some non-U.S. exchange-traded securities. For Range of Investments, FP Markets is rated 4.5/5 and ranks #19 out of 63 brokers, while Octa is rated 3.5/5 and ranks #53. Choose FP Markets for more markets to trade, or Octa if you want the option to buy certain international shares.
| Feature |
FP Markets
|
Octa
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 300 |
| Forex Pairs (Total) | 71 | 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.
FP Markets and Octa both check the key boxes for trading platforms and tools. Each offers a free demo account for paper trading, a proprietary platform, Windows desktop software, and a web-based platform. They also support copy trading and the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5), though neither connects to DupliTrade or ZuluTrade. Both brokers let you place trades directly from charts and provide 7 watchlist columns. While the exact number of built-in technical indicators isn’t specified for either, FP Markets lists 17 drawing tools versus 15 at Octa, giving chartists a touch more flexibility.
In independent testing by ForexBrokers.com, both brokers earned 4 out of 5 stars for Trading Platforms and Tools, with FP Markets ranked 23rd out of 63 brokers and Octa ranked 38th. If you want slightly more charting tools and a higher category ranking, FP Markets has the edge; if your focus is on core platform availability and features like MT4/MT5, web, desktop, and copy trading, both are well aligned.
| Feature |
FP Markets
|
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) | 30 | 30 |
| Charting - Drawing Tools (Total) | 17 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FP Markets and Octa both deliver mobile trading apps for iPhone and Android, complete with stock and forex price alerts and real-time quote watchlists. One key limitation is the same for both: watchlists you create on mobile do not sync with your online account, so changes made in one place won’t carry over to the other.
For charting, each app lets you draw trendlines, switch among multiple time frames, and auto-save your drawings. FP Markets uses the standard MetaTrader indicator set, while Octa offers 30 technical studies. Both apps earn 4 stars for mobile trading; however, FP Markets ranks higher in ForexBrokers.com’s Mobile Trading Apps category (#18 of 63) compared with Octa (#37 of 63).
| Feature |
FP Markets
|
Octa
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Both FP Markets and Octa provide daily market commentary and offer forex news from leading sources such as Bloomberg and Reuters. They both include Autochartist for technical and fundamental research tools, making them well-equipped for traders who value insightful research. However, FP Markets stands out by offering tools from Trading Central, adding an extra layer of technical analytics that Octa lacks. Additionally, FP Markets provides a sentiment-based trading tool that offers insights into market position ratios, a feature absent in Octa.
While neither platform offers market research from TipRanks or tools from Acuity Trading like Signal Centre, they each provide an economic calendar to keep traders informed on global news events. Both received a 4-star rating for research. In terms of ranking, FP Markets holds the 25th spot out of 63 brokers according to ForexBrokers.com, slightly ahead of Octa, which is ranked 27th. This minor difference highlights FP Markets' slight edge in providing research tools and resources that potentially offer more for informed decision-making in trading activities.
| Feature |
FP Markets
|
Octa
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | 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.
FP Markets and Octa both offer a substantial range of educational resources tailored for those new to trading forex and CFDs. Each broker provides over ten educational pieces, including articles, videos, and archived webinars, aimed specifically at these subjects. Both FP Markets and Octa also host at least one online educational webinar per month and maintain a searchable archive of their previously recorded sessions. In addition, they offer more than ten videos each that are crafted for beginner traders, ensuring newcomers can access a solid foundation of trading knowledge.
For those seeking more advanced insights, FP Markets and Octa also deliver over ten educational videos catering to experienced traders. They further support their educational offerings with an investor dictionary, boasting definitions of over 50 investing terms to assist in demystifying market jargon. In terms of educational quality, both brokers receive a commendable four-star rating. However, FP Markets edges ahead with a higher ranking in the Education category by ForexBrokers.com, placing 23rd out of 63 brokers, compared to Octa's rank of 42nd place.
| Feature |
FP Markets
|
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 FP Markets is better than Octa. FP Markets finished with an overall rank of #19, while Octa finished with an overall rank of #47.
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
|
Octa
|
|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 72 |
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Both FP Markets and Octa provide the option to trade cryptocurrency derivatives, but neither offers the ability to purchase actual, delivered cryptocurrency.
While both FP Markets and Octa offer Visa, Mastercard, Skrill, and bank wire transfer options for deposits and withdrawals, FP Markets distinguishes itself by also supporting PayPal, whereas neither broker supports ACH or SEPA 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 | FP Markets | Octa | |
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| Trust Score | 89 | 72 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Octa Review |
| Broker Screenshots | FP Markets | Octa | |
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| Regulation | FP Markets | Octa | |
|---|---|---|---|
| Trust Score | 89 | 72 | |
| Year Founded | 2005 | 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) | FP Markets | 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) | |||
| 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) | FP Markets | Octa | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| 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) |
| Investments | FP Markets | Octa | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 300 | |
| Forex Pairs (Total) | 71 | 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 | FP Markets | Octa | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 0.9 | |
| All-in Cost EUR/USD - Active | 0.7 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | Octa | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $25 | |
| PayPal (Deposit/Withdraw) | Yes | 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 | FP Markets | 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 | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FP Markets | Octa | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 17 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | 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 | MetaTrader (Default) | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FP Markets | Octa | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | 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 | FP Markets | 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 | FP Markets Review | Octa Review |
| Overall | FP Markets | Octa | |
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| Trust Score | 89 | 72 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Octa Review |
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