Written by ForexBrokers.com
In this head to head comparison of Octa vs FXOpen, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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When choosing an online broker, understanding their regulatory background can be important. Octa, founded in 2011, and FXOpen, established in 2003, each hold different positions in terms of trustworthiness and regulatory compliance. According to ForexBrokers.com, Octa has a Trust Score rating of 72, which places it in the average risk category. It holds one Tier-1 license and one Tier-2 license, allowing it a mix of high trust and trust ratings. While not publicly traded and not functioning as a bank, Octa still offers a solid foundation for traders looking for regulated options.
On the other hand, FXOpen has a slightly higher Trust Score rating of 76, also marking it as average risk. It surpasses Octa in regulatory licenses, holding two Tier-1 licenses, which are highly trusted. Like Octa, FXOpen is neither publicly traded nor a bank. These factors make FXOpen a slightly more secure choice for those prioritizing regulation in their trading activities. Ultimately, both brokers provide trusted environments for online trading, with FXOpen holding a slight edge in regulatory trust.
| Feature |
Octa
|
FXOpen
|
|---|---|---|
| Year Founded | 2011 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
Octa and FXOpen both earn 4 out of 5 stars for commissions and fees. In ForexBrokers.com’s Commissions and Fees ranking, Octa sits at #30 out of 63 brokers, while FXOpen is #45 out of 63—suggesting a slight edge for Octa in overall cost competitiveness.
Octa’s pricing has improved and now competes with many low-cost MetaTrader brokers. Your costs depend on account type and which Octa entity you use: EU clients get a single MT5 account, while international clients can choose MT4, MT5, or OctaTrader via non‑EU entities. Octa reports 97.5% of orders with no slippage and no overnight carry costs, though certain rules may limit high‑frequency trading. Spreads vary by entity: the EU arm lists a 0.5‑pip average on EUR/USD versus 0.9 pips for its foreign entities. Because Octa does not provide a date range for these averages, it’s hard to verify the numbers precisely—even so, pricing appears competitive.
FXOpen’s average spread data is not available, which makes direct, apples‑to‑apples comparison difficult. As with most brokers, your final costs will depend on your chosen account type and the specific regulatory entity. Given the available information, Octa appears more transparent on spreads, but with both brokers rated 4/5 for fees, traders may want to test live or demo conditions to see which delivers better pricing for their strategy.
| Feature |
Octa
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $25 | $100 |
| Average spread (EUR/USD) - Standard account | 0.9 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Octa and FXOpen both support forex trading (CFD or spot). Octa stands out for sheer variety, with about 300 tradeable symbols and 35 forex pairs, compared with FXOpen’s 87 symbols and 25 forex pairs. Neither broker offers direct access to U.S.-listed shares, but only Octa lets clients buy exchange-traded securities on select international exchanges.
Both brokers offer copy trading and cryptocurrency CFDs, while neither supports buying actual crypto. According to ForexBrokers.com’s Range of Investments ratings, Octa scores 3.5 out of 5 stars and ranks 53rd out of 63 brokers, whereas FXOpen earns 3 out of 5 stars and ranks 63rd.
| Feature |
Octa
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 300 | 87 |
| Forex Pairs (Total) | 35 | 25 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| 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). |
Dive deeper: Best Copy Trading Platforms.
Comparing Octa and FXOpen on trading platforms and tools, both brokers check the key boxes: free demo (paper) accounts, Windows desktop and web platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5) support, copy trading, and the ability to place trades directly from charts. A key difference is that Octa also provides a proprietary, in-house platform, while FXOpen relies on third-party options. Each broker includes watchlists and charting features, though specific counts for indicators and watchlist columns aren’t disclosed.
According to ForexBrokers.com, both Octa and FXOpen earn 4 out of 5 stars for Trading Platforms and Tools. In category rankings, Octa is placed #38 out of 63 brokers, while FXOpen sits at #54. If you want an extra platform choice beyond MetaTrader, Octa’s in-house platform may appeal; if your priority is MT4/MT5, chart trading, and copy trading with a free demo to practice, both brokers fit the bill.
| Feature |
Octa
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| 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.
Octa vs FXOpen for mobile trading: both brokers offer iPhone and Android apps with price alerts to help you track forex markets on the go. Their charting is evenly matched, offering 30 technical indicators and the ability to draw trendlines. However, neither app supports watchlist syncing with your online account, and both earn a 4 out of 5 star rating for Mobile Trading Apps.
The key difference is chart annotations: Octa’s app auto-saves your drawings, while FXOpen’s does not. In ForexBrokers.com’s Mobile Trading Apps rankings, Octa is placed 37th out of 63 brokers, compared with FXOpen at 55th. If saved chart work and a higher category rank matter to you, Octa has a slight edge; otherwise, the core mobile features are very similar.
| Feature |
Octa
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
Comparing market research at Octa and FXOpen, both brokers deliver daily market commentary, stream forex news from top-tier sources like Bloomberg or Reuters, and provide an economic calendar. The key difference is tools: Octa includes Autochartist for technical and fundamental insights, while FXOpen does not. Neither broker offers Trading Central or a sentiment tool. Octa does not feature TipRanks or Acuity Trading; FXOpen’s support for those services isn’t specified.
For overall research quality, Octa earns 4 out of 5 stars and ranks 27th out of 63 brokers at ForexBrokers.com, whereas FXOpen holds 3 out of 5 stars and ranks 64th. If you want built-in Autochartist and higher-rated research, Octa may be the better fit. If your needs center on daily commentary, trusted news feeds, and an economic calendar, either broker can cover the basics.
| Feature |
Octa
|
FXOpen
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | No | No |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Octa vs FXOpen for beginner education: Octa is the more beginner-friendly pick. Octa runs online client webinars at least once a month and offers a library with 10+ beginner video lessons, plus 10+ advanced videos for when you’re ready to take the next step. That mix of webinars and videos gives new traders clearer guidance and a smoother learning path.
FXOpen, on the other hand, does not host monthly educational webinars and does not provide at least 10 beginner or 10 advanced educational videos. Reflecting the gap, ForexBrokers.com rates Octa 4 out of 5 stars for Education (ranked 42nd of 63 brokers), while FXOpen holds 3 out of 5 stars (ranked 59th of 63). For traders who value frequent webinars and a deeper video library, Octa has the edge.
| Feature |
Octa
|
FXOpen
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Octa is better than FXOpen. Octa finished with an overall rank of #47, while FXOpen finished with an overall rank of #54.
Octa offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform.
| Feature |
Octa
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FXOpen
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| Trust Score | 72 | 76 |
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Online brokers Octa and FXOpen do not let you buy real (delivered) cryptocurrencies, but both provide cryptocurrency CFD trading.
Octa and FXOpen both do not offer ACH or SEPA for deposits or withdrawals; Octa also lacks PayPal but supports Skrill and bank wire transfers, whereas FXOpen’s availability of PayPal, Skrill, Visa/Mastercard, and bank wires is not specified.
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 | Octa | FXOpen | |
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| Trust Score | 72 | 76 | |
| Winner | check_circle | ||
| Review | Octa Review |
| Broker Screenshots | Octa | FXOpen | |
|---|---|---|---|
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| Regulation | Octa | FXOpen | |
|---|---|---|---|
| Trust Score | 72 | 76 | |
| Year Founded | 2011 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | Octa | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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 | Yes | |
| 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) | Octa | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Octa | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 300 | 87 | |
| Forex Pairs (Total) | 35 | 25 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| 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). |
| Cost | Octa | FXOpen | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.9 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Octa | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $25 | $100 | |
| PayPal (Deposit/Withdraw) | No | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | Octa | FXOpen | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | Octa | FXOpen | |
|---|---|---|---|
| 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 | Octa | FXOpen | |
|---|---|---|---|
| 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 | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Octa | FXOpen | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | No | ||
| Client sentiment data | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Octa | FXOpen | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Octa | FXOpen | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Octa Review |
| Overall | Octa | FXOpen | |
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| Trust Score | 72 | 76 | |
| Winner | check_circle | ||
| Review | Octa Review |
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