Written by ForexBrokers.com
In this head to head comparison of Octa vs FXGT.com, 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.
Founded in 2011, Octa is an online broker that has gained a respectable position in the trading industry, holding a ForexBrokers.com Trust Score of 72. Octa operates with one Tier-1 and one Tier-2 license, which affirm its compliance with international regulatory standards. Even though Octa is neither publicly traded nor a bank, its licensing credentials place it in the average risk category according to ForexBrokers.com's rating system.
In comparison, FXGT.com entered the market more recently in 2019 and is rated with a ForexBrokers.com Trust Score of 69, categorizing it as a higher-risk option. Like Octa, FXGT.com is not publicly traded and does not operate as a bank. However, it also holds one Tier-1 and one Tier-2 license, suggesting it adheres to a certain level of regulatory oversight, despite its slightly lower trust rating. Both brokers provide traders with a pathway to access global markets, though it's important to consider their differing foundation years and trust ratings when making an informed choice.
| Feature |
Octa
|
FXGT.com
|
|---|---|---|
| Year Founded | 2011 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing the commissions and fees of Octa and FXGT.com, Octa emerges as a strong contender, having significantly enhanced its offerings. Once struggling with pricing, Octa now provides competitive costs amongst MetaTrader brokers. It boasts impressive execution capabilities, including no slippage on 97.5% of orders and no overnight carry costs. However, Octa does have some restrictions that might affect high-frequency traders. Octa's approach to fees differs based on the account type and regulatory entity, with European clients opting for the EU entity and others choosing between South Africa or Mwali. With its EU entity offering a slightly narrower spread for the EUR/USD pair compared to its foreign entities, Octa has greatly improved its pricing strategy, albeit without the exact date ranges to confirm these spreads.
FXGT.com, on the other hand, lacks comprehensive access to average spread data, making a direct price comparison more challenging. Given the absence of clear average spreads, potential FXGT.com clients might find it harder to gauge where this broker stands in terms of cost competitiveness. Unlike Octa, FXGT.com's performance in the fees and commissions category isn't as pronounced, receiving a lower star rating and ranking in industry comparisons.
Overall, Octa is rated four stars for its commissions and fees, ranking 29th out of 63 brokers on ForexBrokers.com. In contrast, FXGT.com garners a three-and-a-half-star rating, sitting at 56th in the same category. Those seeking cost-efficient trading might lean towards Octa, supported by its competitive enhancements and transparency improvements, notwithstanding the absence of exact date-stamped spread data.
| Feature |
Octa
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $25 | $5 |
| Average Spread EUR/USD - Standard | 0.9 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments available on Octa and FXGT.com, both platforms offer forex trading through CFDs or spot contracts, catering to forex enthusiasts. Octa provides 300 tradeable symbols, including 35 forex pairs, while FXGT.com offers 117 tradeable symbols with a greater focus on forex, boasting 53 forex pairs. However, neither broker allows trading of exchange-traded securities on U.S. exchanges. Octa does have the advantage of offering access to select international stocks, such as those from the London Stock Exchange, unlike FXGT.com.
Both Octa and FXGT.com facilitate cryptocurrency trading through derivatives, not allowing the purchase of actual cryptocurrencies. With copy trading available on both platforms, users looking to emulate successful trading strategies find support. When rated for their range of investments, Octa scores slightly higher than FXGT.com. Octa receives a 3.5-star rating, ranking 52 out of 63, whereas FXGT.com earns a 3-star rating, ranked at 61. This highlights a slight edge for Octa in terms of breadth and variety of investment opportunities.
| Feature |
Octa
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 300 | 117 |
| Forex Pairs (Total) | 35 | 53 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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.
When comparing the trading platforms and tools of Octa and FXGT.com, both brokers offer traders a variety of options to suit their needs. Each platform provides a free virtual demo account for practice, and users can access MetaTrader 4 and MetaTrader 5. Octa distinguishes itself with a proprietary platform and offers a total of 15 drawing tools for charting, which is slightly less than FXGT.com's 23 tools. Both companies support trading directly from stock charts and have web-based as well as Windows-based desktop platforms. Furthermore, both Octa and FXGT.com provide copy trading features, though neither supports DupliTrade or ZuluTrade.
In terms of customizing your trading setup, Octa allows users to add up to seven columns for watch lists while FXGT.com offers five columns. Both brokers have been awarded 4 out of 5 stars for their trading platforms and tools. Nonetheless, Octa is ranked slightly higher at 37th place out of 63 brokers by ForexBrokers.com, whereas FXGT.com sits at 56th place. This nuanced evaluation reaffirms Octa's competitive edge in providing a comprehensive trading experience with a wider range of features tailored to different trading styles.
| Feature |
Octa
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 37 |
| Charting - Drawing Tools (Total) | 15 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing mobile trading apps from Octa and FXGT.com, both brokers offer iPhone and Android apps equipped with features such as stock and forex price alerts and the ability to draw trendlines on charts. Each app also supports viewing multiple time frames and auto-saving chart drawings. Both offer 30 technical studies for chart analysis. However, only FXGT.com supports watchlist symbol syncing, allowing changes in the mobile app to reflect in the client's online account.
In terms of user ratings, Octa holds a slight edge with a rating of four stars compared to FXGT.com's 3.5 stars. According to ForexBrokers.com, Octa ranks 36th out of 63 brokers for mobile trading apps, while FXGT.com is ranked 58th. Both apps enable users to create watchlists with real-time quotes, ensuring they stay informed on market movements. Despite some similarities, these differences might guide you in choosing the platform that best fits your trading style and needs.
| Feature |
Octa
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of online brokers Octa and FXGT.com, Octa stands out with its commitment to providing daily market commentary, accompanied by forex news sourced from renowned providers such as Bloomberg and Reuters. In addition, Octa equips traders with technical analysis tools from Autochartist and offers a comprehensive economic calendar for tracking global news events. While FXGT.com also provides an economic calendar, it lacks daily commentary and top-tier news sources, relying instead on a sentiment-based trading tool to gauge the balance of long and short positions across currency pairs.
FXGT.com does have its merits, particularly with its sentiment-based tool, which gives traders insight into the market dynamics of currency pairs. However, for traders seeking a broader range of research tools and higher-quality news sources, Octa is the preferable choice, as reflected in its higher research rating of four stars compared to FXGT.com's three. Octa’s overall ranking of 27th out of 63 brokers further emphasizes its advantage over FXGT.com, which is ranked 56th for market research capabilities according to ForexBrokers.com.
| Feature |
Octa
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, Octa stands out compared to FXGT.com. Octa provides a broad selection of over 10 educational pieces focused on forex and CFDs, including articles, videos, and archived webinars. They make learning accessible and convenient through their monthly educational webinars and a comprehensive archive of past sessions, allowing users to learn at their own pace. Furthermore, Octa delivers engaging content for traders of all experience levels, offering over 10 beginner and advanced educational videos. Their well-rounded approach ensures that novices and experienced traders alike can gain valuable insights into the trading world. Alongside these resources, Octa also provides an investor dictionary featuring definitions for over 50 investing terms, which adds an extra layer of support for learners.
In comparison, FXGT.com falls short in several areas. While it does offer an investor dictionary similar in scope to Octa's, it lacks the depth of educational resources available at Octa. FXGT.com does not provide the same number of educational articles, videos, or webinars, making it less comprehensive for beginners seeking to build a solid foundation in forex and CFDs trading. Furthermore, the absence of regular webinars and a searchable archive limits learning flexibility. When rated for educational resources, Octa earns 4 stars and ranks 42nd out of 63 brokers in the Education category according to ForexBrokers.com, while FXGT.com garners a 3-star rating and ranks 60th, highlighting the disparity in their offerings.
| Feature |
Octa
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
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 FXGT.com. Octa finished with an overall rank of #47, while FXGT.com finished with an overall rank of #59.
Octa offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform.
| Feature |
Octa
|
FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 72 | 69 |
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Both Octa and FXGT.com do not offer the ability to buy actual delivered cryptocurrency, but they do provide options to trade cryptocurrency derivatives.
While both Octa and FXGT.com provide Visa, Mastercard, and bank wire options for fund transfers, FXGT.com uniquely supports ACH or SEPA transfers, whereas Octa stands out with Skrill availability, with neither offering PayPal as a deposit or withdrawal method.
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 | FXGT.com | |
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| Trust Score | 72 | 69 | |
| Winner | check_circle | ||
| Review | Octa Review |
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| Regulation | Octa | FXGT.com | |
|---|---|---|---|
| Trust Score | 72 | 69 | |
| Year Founded | 2011 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | Octa | FXGT.com | |
|---|---|---|---|
| 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) | No | No | |
| 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) | Octa | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Octa | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 300 | 117 | |
| Forex Pairs (Total) | 35 | 53 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | Octa | FXGT.com | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.9 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Octa | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $25 | $5 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Octa | FXGT.com | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Octa | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 5 | |
| Charting - Indicators / Studies (Total) | 30 | 37 | |
| Charting - Drawing Tools (Total) | 15 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Octa | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Octa | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Octa | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Octa | FXGT.com | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Octa Review |
| Overall | Octa | FXGT.com | |
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| Trust Score | 72 | 69 | |
| Winner | check_circle | ||
| Review | Octa Review |
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