Written by ForexBrokers.com
In this head to head comparison of Octa vs FXPrimus, 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.
When comparing online brokers Octa and FXPrimus, a few key differences and similarities come into focus. Both brokers are relatively young, with FXPrimus founded in 2009 and Octa in 2011. Neither is publicly traded or operates as a bank. In terms of regulatory credentials, both brokers have one Tier-1 license, which is highly trusted by industry standards. However, Octa holds an additional Tier-2 license, marking a slight edge in regulatory trustworthiness over FXPrimus.
In terms of trustworthiness as rated by ForexBrokers.com, Octa has a Trust Score of 72, indicating an average risk, while FXPrimus trails slightly with a score of 71. Although both brokers fall in the same risk category, Octa's additional regulatory license may offer some customers an extra layer of assurance. This information could be beneficial for potential investors or traders weighing their options between these two brokers.
| Feature |
Octa
|
FXPrimus
|
|---|---|---|
| Year Founded | 2011 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing Octa to FXPrimus in terms of commissions and fees, both brokers receive a four-star rating, reflecting competitive pricing structures. However, Octa edges out FXPrimus in overall ranking from ForexBrokers.com, coming in at 29th out of 63 brokers, while FXPrimus ranks 42nd. Octa has made notable improvements in its pricing strategy, positioning itself among the lower-cost MetaTrader brokers, although it still imposes some restrictions that might affect high-frequency traders. On the other hand, FXPrimus lacks detailed information on average spread data, making direct comparisons challenging.
Octa's commissions and fees are influenced by the type of account a client selects and the regulatory entity overseeing it. European clients are limited to one account type under the EU entity, which exclusively supports MT5. In contrast, international clients have access to accounts through Octa's South African or Mwali entities, supporting both MT4 and MT5 platforms as well as the proprietary OctaTrader. Octa is known for offering competitive spreads, especially in the EU where the average spread for the EUR/USD pair is as low as 0.5 pips. This is slightly better than the foreign entities' listing of 0.9 pips. Nevertheless, Octa does not provide specific date ranges for its typical spread data.
While FXPrimus shares a similar four-star rating for its commissions and fees, the absence of average spread data details limits our ability to assess its cost competitiveness directly against Octa. The ranking difference reflects that Octa has made concerted efforts to refine its pricing approach, even though specific figures for average spreads without a corresponding time frame diminish the weight of these claims. Nevertheless, Octa's strategic improvements in pricing could appeal to cost-sensitive traders, putting it ahead of FXPrimus in this comparison.
| Feature |
Octa
|
FXPrimus
|
|---|---|---|
| Minimum Deposit | $25 | $100 |
| 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 | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Octa and FXPrimus for their range of investment options, both brokers offer forex trading as a CFD or spot contract. However, Octa provides a broader range of tradeable symbols, offering 300 options compared to FXPrimus's 140. While FXPrimus outpaces Octa in the number of available forex pairs, boasting 42 against Octa's 35, it's worth noting that neither platform offers exchange-traded securities on U.S. exchanges. Yet, Octa has the edge with international exchange-traded securities, allowing investors to purchase shares like Vodafone, unlike FXPrimus.
Both Octa and FXPrimus offer opportunities for copy trading, providing investors with a social trading experience. When it comes to cryptocurrency derivatives, the platforms are on par, as neither offers the purchase of actual cryptocurrencies, only derivatives. Despite these offerings, Octa and FXPrimus both achieve a rating of 3.5 stars for their Range of Investments, with Octa slightly better positioned at #52 compared to FXPrimus's #59 according to ForexBrokers.com. This suggests that while they are evenly matched in many areas, Octa provides a slightly wider range of investment opportunities.
| Feature |
Octa
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 300 | 140 |
| Forex Pairs (Total) | 35 | 42 |
| 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.
Both Octa and FXPrimus offer comprehensive trading platforms tailored to meet various needs. Each broker provides a proprietary platform, enabling traders to experience unique features directly developed by the broker. For those preferring downloadable software, both brokers offer Windows-based desktop platforms and facilitate trading via web-based browsers. In terms of flexibility and options, traders can benefit from simulated trading through virtual demo accounts and dive into the widely acclaimed MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for a more versatile trading experience. Copy trading is also available from both brokers, allowing traders to follow and replicate the strategies of other successful traders.
When it comes to charting, Octa and FXPrimus provide 15 drawing tools each, giving users plenty of room to analyze and strategize. Both brokers ensure that trading can be executed directly from a stock chart, adding an extra layer of convenience. Traders can also customize watch lists with up to seven different columns for personalized tracking. While neither platform offers DupliTrade or ZuluTrade, they have gained a respectable rating of four stars for their trading platforms and tools. Octa is ranked 37th out of 63 brokers by ForexBrokers.com, while FXPrimus holds the 49th position, reflecting their solid standing in the competitive landscape of online trading.
| Feature |
Octa
|
FXPrimus
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| 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 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Octa and FXPrimus, both providers offer solid options for traders on the go. Both apps are available for iPhone and Android users, ensuring accessibility across major platforms. Each app provides essential features such as price alerts and real-time quotes, helping traders stay updated with market movements. Additionally, both Octa and FXPrimus support drawing trendlines on charts, viewing multiple time frames, and auto-saving drawings. However, neither platform offers watchlist symbol syncing, which might be a slight limitation for those who like seamless transitions between mobile and desktop trading.
In terms of technical analysis, both Octa and FXPrimus incorporate 30 technical studies, though traders looking for extensive options might want more. Despite this, the apps have been favorably rated, each earning four out of five stars for their mobile trading capabilities. Consideration must be given to Octa's slightly higher ranking, positioned at number 36, while FXPrimus sits at 48 out of 63 brokers, according to ForexBrokers.com. This might indicate a bit more polish or user satisfaction with Octa's offering. Ultimately, both apps provide the core features necessary for effective mobile trading, making them competitive choices in the online trading environment.
| Feature |
Octa
|
FXPrimus
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| 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 it comes to market research offerings, both Octa and FXPrimus provide daily market commentary and economic calendars that keep traders informed about current and upcoming global events. However, Octa sets itself apart by delivering forex news sourced from top-tier outlets like Bloomberg and Reuters, a feature not available with FXPrimus. Additionally, Octa boosts your technical analysis toolkit with access to Autochartist research tools, while FXPrimus does not offer this feature. Neither broker provides Trading Central analytics, sentiment-based trading tools, TipRanks research, or Acuity Trading tools like Signal Centre.
Overall, Octa receives a higher research rating of 4 out of 5 stars, compared to FXPrimus, which garners 3 stars. This superior rating and their #27 rank in the research category by ForexBrokers.com underscore Octa's stronger emphasis on providing comprehensive market insights, as opposed to FXPrimus, which is ranked at #58. Whether you’re a seasoned trader or just starting, Octa’s broader range of tools and top-tier news resources make it a more compelling choice for those who prioritize in-depth market research.
| Feature |
Octa
|
FXPrimus
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available to beginners between Octa and FXPrimus, it's evident that both brokers provide more than 10 basic educational materials like articles, videos, and webinars on forex and CFDs. Each platform hosts monthly online webinars and offers access to a searchable archive of past webinars. However, Octa steps ahead by providing over 10 specific beginner videos and more than 10 advanced videos that cater to traders looking to deepen their knowledge. FXPrimus does not offer the same breadth of video resources for beginners or advanced traders.
Moreover, Octa complements its educational offerings with a comprehensive investor dictionary, featuring definitions of over 50 investing terms, a resource not available with FXPrimus. Due to these factors, Octa is rated 4 stars for education, ranking 42 out of 63 brokers on ForexBrokers.com, showing a better performance compared to FXPrimus, which holds 3 stars and ranks 51. This indicates that for beginners looking to enrich their understanding of trading, Octa can be a more resourceful option.
| Feature |
Octa
|
FXPrimus
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | 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 FXPrimus. Octa finished with an overall rank of #47, while FXPrimus finished with an overall rank of #53.
Octa offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform.
| Feature |
Octa
|
FXPrimus
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 72 | 71 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both Octa and FXPrimus do not offer the ability to purchase actual, delivered cryptocurrency, but they do provide options for trading cryptocurrency derivatives, allowing users to gain exposure to the crypto market without owning the underlying asset.
Both Octa and FXPrimus provide users with the ability to deposit or withdraw funds using Skrill, Visa, Mastercard, and bank wires, but neither offers ACH, SEPA, or PayPal as options for financial transactions.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Octa | FXPrimus | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 72 | 71 | |
| Winner | check_circle | ||
| Review | Octa Review |
| Broker Screenshots | Octa | FXPrimus | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | Octa | FXPrimus | |
|---|---|---|---|
| Trust Score | 72 | 71 | |
| Year Founded | 2011 | 2009 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Octa | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Octa | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 300 | 140 | |
| Forex Pairs (Total) | 35 | 42 | |
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Minimum Deposit | $25 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Octa | FXPrimus | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| 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 | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Octa | FXPrimus | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Octa | FXPrimus | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| 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 | FXPrimus | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Octa | FXPrimus | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Octa | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 72 | 71 | |
| Winner | check_circle | ||
| Review | Octa Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill