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 2005) and Octa (founded 2011) are online brokers; neither is publicly traded nor a bank. If you’re comparing them, key differences show up in their licensing mix and independent trust ratings.
Regulation: FP Markets holds 2 Tier-1 licenses and 1 Tier-2 license, while Octa has 1 Tier-1 and 1 Tier-2. According to ForexBrokers.com, FP Markets earns a 90/99 Trust Score (highly trusted: 90–99), and Octa scores 73/99 (average risk: 70–79). For context, ForexBrokers.com classifies 80–89 as trusted, 60–69 as high risk, and 59 or lower as not trusted.
| 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 is the stronger pick for commissions and fees overall, with a 4.5-star rating and a #11 ranking out of 36 brokers from ForexBrokers.com. Its Raw ECN account is especially competitive, with very tight spreads and a low commission-based structure that appeals to cost-conscious traders. By contrast, the Standard account is more expensive because of wider spreads, and some of FP Markets’ Iress account options in Australia can add platform or data costs unless you meet higher deposit or trading requirements.
Octa has improved its pricing a lot and now offers a good low-cost option for many traders, but it still trails FP Markets in this category. Octa is rated 4 stars and ranked #26 out of 36 for commissions and fees. It stands out for no overnight carry costs and very limited slippage on most orders, but its pricing depends on the account type and region, and its average spread claims are less clear because they are not tied to a date range.
In simple terms, FP Markets is usually the better choice if your main goal is lower trading costs, especially on commission-based accounts. Octa can still be attractive for traders who want straightforward pricing and no swap charges, but FP Markets has the edge for overall value and has the stronger reputation for commissions and fees.
| Feature |
FP Markets
|
Octa
|
|---|---|---|
| Minimum Deposit | $100 AUD | $25 |
| Average spread (EUR/USD) - Standard account | 1.3 | 0.9 |
| All-in Cost EUR/USD - Active | 0.9 | 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, FP Markets offers a wider selection than Octa. FP Markets provides access to about 10,000 tradeable symbols and 71 forex pairs, while Octa offers around 300 symbols and 35 forex pairs. Both brokers support forex trading as CFDs or spot contracts, and both let you trade cryptocurrency CFDs and use copy trading. Neither broker offers access to actual, delivered crypto.
The main difference is in the wider market access. Octa offers exchange-traded securities on international exchanges, such as shares listed in London, while FP Markets does not offer exchange-traded stocks on either U.S. or international exchanges. Based on ForexBrokers.com, FP Markets is rated 4.5 out of 5 for range of investments and ranks #17 out of 36 brokers, compared with Octa’s 3.5 out of 5 rating and #33 ranking.
| Feature |
FP Markets
|
Octa
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 300 |
| Forex Pairs (Total) | 71 | 35 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | Yes | 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.
FP Markets and Octa both give traders a wide set of platform choices, including free demo accounts, their own in-house platform, desktop software for Windows, web trading, MetaTrader 4, MetaTrader 5, and copy trading. Each broker also lets users place trades directly from a chart, which can make it easier to act quickly while reviewing market moves.
In ForexBrokers.com’s Trading Platforms and Tools category, both brokers are rated 4 out of 5 stars, but FP Markets places higher overall at #22 out of 36 brokers, while Octa comes in at #30. For traders looking mainly at platform access and trading tools, the two brokers are very similar, with FP Markets holding a slight edge in the rankings.
| Feature |
FP Markets
|
Octa
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FP Markets and Octa both give traders mobile access on iPhone and Android, along with price alerts, trendline drawing, and auto-saving chart drawings. Neither broker offers watchlist symbol syncing between the mobile app and the online account, so watchlist changes do not carry over automatically across devices. For everyday mobile trading basics, both apps cover the key features most traders look for.
The main difference is in charting and overall ranking. Octa includes 30 technical studies in its mobile app, while FP Markets uses the default MetaTrader setup for chart tools. Even so, FP Markets is ranked higher by ForexBrokers.com for mobile trading apps, coming in at #20 out of 36 brokers, compared with Octa at #29. Both brokers are rated 4 out of 5 stars for mobile trading apps, making them closely matched overall, with FP Markets holding the edge in the rankings.
| Feature |
FP Markets
|
Octa
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
FP Markets and Octa both give traders useful market research features, including daily market commentary, forex news from major sources, Autochartist tools, and an economic calendar for tracking global events. Each broker is rated 4 out of 5 stars for Research, which puts them on similar footing for traders who want help following the markets and planning trades.
That said, FP Markets has a slight edge in this area. It includes Trading Central tools and a sentiment tool that shows long and short positioning across markets, while Octa does not offer those features. In ForexBrokers.com’s Research ranking, FP Markets places 22nd out of 36 brokers, ahead of Octa at 24th, making FP Markets the stronger pick overall for market research.
| Feature |
FP Markets
|
Octa
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central | Yes | No |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
FP Markets and Octa both give beginners a solid set of learning tools, including forex and CFDs education with at least 10 pieces of content, monthly online client webinars, and plenty of beginner and advanced videos. This means new traders can find lessons on trading basics, while more experienced users can also keep building their skills. Both brokers are rated 4 out of 5 stars for Education, so they each offer a good amount of helpful material for self-study.
Where FP Markets stands out is in its overall Education ranking: it places #22 out of 36 brokers on ForexBrokers.com, while Octa ranks #32. For beginners comparing the two, that suggests FP Markets may have a slight edge in how its educational content is organized and judged overall, even though both brokers cover the main learning needs and offer similar core resources.
| Feature |
FP Markets
|
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 FP Markets is better than Octa. FP Markets finished with an overall rank of #19, while Octa finished with an overall rank of #34.
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 10,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
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Octa
|
|---|---|---|
| Overall Rating |
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| Trust Score | 90 | 73 |
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FP Markets vs Octa: Neither online broker offers buying actual (delivered) cryptocurrency, but both support trading cryptocurrency CFDs.
FP Markets vs Octa: neither supports ACH or SEPA transfers, both support bank wire transfers and Skrill, FP Markets additionally supports PayPal while Octa does not, and Visa/Mastercard availability is not specified for either broker.
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 | 90 | 73 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Octa Review |
| Broker Screenshots | FP Markets | Octa | |
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| Regulation | FP Markets | Octa | |
|---|---|---|---|
| Trust Score | 90 | 73 | |
| 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 (FSA 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, FSRA, or CMA 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. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | Yes | 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 | FP Markets | Octa | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.3 | 0.9 | |
| All-in Cost EUR/USD - Active | 0.9 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | FP Markets | Octa | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $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 | FP Markets | Octa | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | FP Markets | Octa | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | FP Markets | Octa | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | Octa | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | FP Markets | Octa | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | FP Markets Review | Octa Review |
| Overall | FP Markets | Octa | |
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| Trust Score | 90 | 73 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Octa Review |
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