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 account | 1.2 | 0.9 |
| All-in Cost EUR/USD - Active | 0.7 | 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 and Octa both let you trade forex (as CFDs or spot). FP Markets stands out for sheer choice, offering 10,000 tradeable symbols and 71 currency pairs, compared with Octa’s 300 symbols and 35 pairs. Both support crypto via CFDs (not actual coins) and offer copy trading. Neither broker provides access to U.S.-listed shares as real, exchange-traded stocks; however, Octa does offer certain international shares (not CFDs), while FP Markets does not.
For range of investments, ForexBrokers.com rates FP Markets 4.5/5 stars (ranked 19th of 63), ahead of Octa’s 3.5/5 stars (53rd of 63). Choose FP Markets if you want a much larger catalog of markets and forex pairs; pick Octa if access to some non-CFD international shares matters more than overall variety.
| 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 vs Octa: both online brokers deliver the platform essentials most traders look for. Each offers a free demo account for paper trading, an in-house proprietary platform, a Windows desktop download, and a web-based platform. Prefer MetaTrader? Both support MetaTrader 4 (MT4) and MetaTrader 5 (MT5). You also get copy trading and the ability to place orders directly from charts, helping you act quickly when you spot a setup.
In third-party testing, both brokers earn 4 stars for Trading Platforms and Tools from ForexBrokers.com. FP Markets ranks higher in the category at #23 of 63, while Octa stands at #38 of 63. In short, the feature lists are closely matched, with FP Markets getting a slight edge in overall placement and Octa remaining a strong alternative with similar platform choices.
| 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 offer iPhone and Android trading apps with price alerts, and each earns a 4-star rating for mobile trading. If rankings matter to you, ForexBrokers.com places FP Markets higher in the Mobile Trading Apps category (#18 out of 63) than Octa (#37 out of 63), which may point to a stronger overall mobile experience.
For charting, FP Markets’ app uses MetaTrader’s default set of technical studies, while Octa lists 30 indicators. Both apps let you draw trendlines and automatically save your drawings. One notable limitation: neither broker supports watchlist symbol syncing between the mobile app and your online account, so changes made in one place won’t appear in the other.
| 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.
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 (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 provide dedicated forex and CFD education with well over 10 learning pieces, including articles, videos, and archived webinars. Each broker hosts client webinars at least once a month and offers at least 10 beginner-friendly videos that explain core trading topics in simple terms. As you progress, both also supply 10+ advanced videos to help you build on the basics.
In independent reviews, both brokers earned 4 out of 5 stars for Education. That said, FP Markets is ranked #23 out of 63 brokers for Education on ForexBrokers.com, while Octa is ranked #42. For beginners, this suggests FP Markets may have a slight edge in overall learning experience, though Octa still delivers a full set of beginner and advanced materials. Your choice can come down to which style of videos and webinars you prefer.
| 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 #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
|
|---|---|---|
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| Trust Score | 89 | 72 |
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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 | 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, FSRA, or SCA 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 | 1.2 | 0.9 | |
| All-in Cost EUR/USD - Active | 0.7 | 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 | 89 | 72 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Octa Review |
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