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.
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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 |
When it comes to commissions and fees, FP Markets comes out ahead of Octa. FP Markets is rated 4.5 out of 5 stars and ranks #11 out of 36 brokers at ForexBrokers.com. Its Raw ECN account is the most price-friendly option, with low spreads and a commission model that can keep trading costs down, especially on MetaTrader and cTrader. The Standard account is more expensive because of wider spreads, and some of its Australia-based Iress accounts can add platform or data fees unless you qualify for higher-tier account requirements.
Octa is also competitive on price, but it trails FP Markets overall. Octa is rated 4 out of 5 stars and ranks #28 out of 36 brokers for commissions and fees. The broker has improved a lot in recent years, offering low spreads on some account types and no overnight carry costs, but pricing depends on the entity and account you choose. Its EU pricing is generally better than its international offering, though Octa’s published average spread data is less transparent than FP Markets’ dated spread figures.
Overall, FP Markets is the stronger pick for traders focused on lower all-in trading costs, while Octa still offers fair pricing for many retail traders. If cost is your top priority, FP Markets has the edge thanks to tighter pricing on its commission-based accounts and a better ranking in this category.
| Feature |
FP Markets
|
Octa
|
|---|---|---|
| Minimum Deposit | $0 | $25 |
| Average spread (EUR/USD) - Spread-only account | 1.3 | 0.9 |
| All-in Cost EUR/USD - Raw spread account | 0.9 | N/A |
| Non-wire bank transfer (Deposit/Withdraw) | 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 gives traders access to a much wider selection than Octa. FP Markets offers 10,000 tradeable symbols and 71 forex pairs, while Octa provides 300 symbols and 35 forex pairs. Both brokers support forex trading, copy trading, and cryptocurrency CFDs, but neither offers direct access to U.S. exchange-traded shares or the option to buy actual cryptocurrency.
One key difference is that Octa does offer exchange-traded securities on international markets, such as shares listed outside the U.S., while FP Markets does not. Overall, FP Markets has the stronger product range, with a 4.5-star rating for Range of Investments and a #17 ranking out of 36 brokers, compared with Octa’s 3.5-star rating and #35 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 a free demo account, a Windows desktop app, browser-based trading, and access to both MetaTrader 4 and MetaTrader 5. Each broker also offers its own in-house platform, copy trading, and the ability to place trades directly from a price chart. For everyday traders, that means either broker can cover the basics well, whether you want to practice first, trade on a computer, or manage positions through a web browser.
Where they differ is in overall standing. Both FP Markets and Octa earn 4 out of 5 stars for Trading Platforms and Tools, but FP Markets ranks higher with ForexBrokers.com at #22 out of 36 brokers, compared with Octa at #33. That suggests FP Markets has a slight edge in this category, even though the two brokers offer very similar platform features.
| 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 make trading on the go easy with iPhone and Android apps, plus price alerts for stocks and forex. Each app also lets you draw trendlines on charts and automatically saves those drawings, which is helpful if you switch between sessions. One thing neither broker offers is watchlist syncing, so changes made in the mobile app do not carry over to the online account.
The main difference is in charting tools and overall standing. Octa’s mobile app includes 30 technical studies, while FP Markets uses the default MetaTrader chart setup. Even so, both brokers earn 4 out of 5 stars for mobile trading apps. In ForexBrokers.com’s ranking of 36 brokers, FP Markets places higher at #20, compared with Octa at #31.
| 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 a solid mix of market research tools. Each one provides daily market commentary, forex news from top sources like Bloomberg and Reuters, Autochartist tools, and an economic calendar for tracking upcoming global events. Both are also rated 4 out of 5 stars for Research, which suggests a similar overall level of support for traders who want regular market updates and event tracking.
The main difference is that FP Markets offers a few extra research features that Octa does not, including Trading Central tools and a sentiment tool that shows the share of long and short positions across markets. That edge may help traders who want more idea generation and market insight. It also helps explain why FP Markets ranks slightly higher for Research at #22 out of 36 brokers, compared with Octa at #25.
| 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 CFD education, monthly live educational webinars, and at least 10 beginner videos as well as 10 advanced videos. On paper, that means each broker covers the basics and also offers material for traders who want to keep learning as they gain experience. Both are rated 4 stars for Education, so each has a good overall setup for new traders looking to understand the markets.
The main difference shows up in independent rankings: FP Markets places #21 out of 36 brokers for Education, while Octa sits at #34. For beginners, that suggests FP Markets may offer a slightly stronger learning experience overall, even though both brokers provide a similar range of educational content. If education is a key part of your choice, FP Markets has the edge, but Octa still offers enough resources to help new traders get started.
| 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 #37.
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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| 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) - Spread-only account | 1.3 | 0.9 | |
| All-in Cost EUR/USD - Raw spread account | 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 | $0 | $25 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | 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 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 | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| 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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