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 |
Comparing commissions and fees, FP Markets stands out for its low-cost ECN pricing, earning Best in Class honors for Commissions and Fees in 2024. Its commission-based Raw ECN account is particularly sharp, making FP Markets one of the most cost-competitive choices for forex traders. By contrast, Octa has improved its pricing and now competes closely with low-cost MetaTrader brokers; it also advertises no slippage on 97.5% of orders and no overnight carry costs, though some rules may limit high-frequency strategies. Ratings and rankings: FP Markets scores 4.5/5 stars and ranks #11 out of 63 for Commissions and Fees, while Octa scores 4/5 stars and ranks #26 out of 63.
FP Markets’ Raw ECN account features very tight spreads that averaged about 0.1 pips as of October 2023 (about 0.8 pips all-in after the $6 per round-turn standard lot commission). Its Standard (spread-only) account costs more, with average EUR/USD spreads around 1.1 pips, and the same choice applies on cTrader (spread-only vs. commission-based Raw). For share CFDs, FP Markets’ Iress platform delivers Direct Market Access with full depth of book. The Iress ViewPoint tiers in Australia (Standard, Platinum, Premier) carry minimum deposits, and you’ll generally need to either meet the Premier tier or generate at least AUD 150 in monthly commissions to avoid platform/data fees. The lower-cost Iress Investor plan waives monthly fees but offers limited streaming data and charting.
Octa’s costs depend on your account type and the entity that regulates your account. In the EU, Octa promotes a single MT5 account; outside the EU, MT4, MT5, and OctaTrader are available. Octa lists average EUR/USD spreads around 0.5 pips under its EU entity and about 0.9 pips under its foreign entities. While these spreads appear competitive, Octa does not publish a date range for its typical spread data, making apples-to-apples comparisons harder. Even so, Octa’s recent pricing gains, combined with its policy of no overnight carry costs and high rate of orders filled without slippage, make it a solid value—though still a step behind FP Markets on pure commissions-and-fees metrics based on ratings and rank.
| 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.
FP Markets offers a far wider range of investments than Octa, with about 10,000 tradeable symbols versus Octa’s 300. Forex traders also get more choice at FP Markets (71 currency pairs) compared to Octa (35). Both brokers support forex trading and provide copy trading. Each also lets you trade cryptocurrency via CFDs, but neither allows buying actual crypto.
When it comes to exchange-traded securities, neither broker offers U.S.-listed share dealing, but Octa does provide access to some international exchanges while FP Markets does not. For range of investments, FP Markets is rated 4.5/5 stars and ranks 16th out of 63 brokers at ForexBrokers.com, while Octa holds 3.5/5 stars and ranks 33rd. Choose FP Markets if you want more symbols and forex pairs; pick Octa if you want select international exchange-traded shares (non-CFD).
| 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 line up closely on trading platforms and tools. Both online brokers offer a free virtual demo account for paper trading, a proprietary (in‑house) platform, Windows desktop downloads, and web-based platforms. Copy trading is available at both. Fans of MetaTrader can use MetaTrader 4 (MT4) and MetaTrader 5 (MT5) with either broker, and you can place trades directly from charts. Each also includes technical indicators for charting and watch lists to organize markets.
For Trading Platforms and Tools, ForexBrokers.com rates both FP Markets and Octa at 4 stars, with FP Markets ranked #22 out of 63 brokers and Octa ranked #30 out of 63. In short, both deliver similar platform coverage and popular features, while FP Markets holds a slight edge in the category ranking.
| 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.
Comparing FP Markets and Octa for mobile trading is straightforward: both brokers offer iPhone and Android apps, price alerts, trendline drawing, and auto-saving for chart annotations. One shared limitation is that watchlists don’t sync between the mobile app and your online account, so any changes must be made separately on each platform.
The key charting difference is in technical studies: FP Markets uses MetaTrader’s default set, while Octa offers 30 studies. Both earn 4 stars for Mobile Trading Apps, but FP Markets places higher in ForexBrokers.com’s rankings (#20 of 63) than Octa (#29 of 63). If you value a MetaTrader-native toolkit, FP Markets fits well; if you want a defined count of built-in studies, Octa delivers 30 out of the box.
| 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 deliver solid market research basics. Each broker provides daily market commentary, forex news from major sources like Bloomberg, Reuters, or Dow Jones, Autochartist-powered tools for technical and fundamental insights, and an economic calendar to track key events. Neither broker includes research from TipRanks or tools from Acuity Trading (such as Signal Centre).
Where they differ is in added features: FP Markets includes Trading Central and a sentiment tool that shows long/short ratios across instruments, while Octa does not offer these extras. Both earn 4 stars for Research, but FP Markets holds a slightly higher spot in ForexBrokers.com’s rankings (#22 of 63) compared with Octa (#24 of 63), making FP Markets a marginally stronger pick for traders who value more research tools.
| 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 vs Octa: both brokers offer forex and CFD education that clears the bar of at least 10 pieces, giving beginners plenty to learn from. Each provides ongoing client webinars (at least monthly) and a sizable library of beginner videos—well over 10 lessons that cover the basics of trading, platforms, risk, and strategy. If you want to get started with clear videos and regular live sessions, either brand will meet that need.
As you grow, both also supply 10+ advanced videos, so there’s room to level up without switching providers. Independent ratings place both at 4 out of 5 stars for education, though FP Markets ranks higher overall in the Education category (#22 of 63) compared with Octa (#32 of 63). In short, beginners get strong learning paths with either broker, with FP Markets earning a slight edge in third-party rankings.
| 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
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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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