Written by ForexBrokers.com
In this head to head comparison of FxPro 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.
When comparing online brokers FxPro and Octa, regulatory credentials highlight some notable differences. FxPro, established in 2006, operates as a bank and holds two Tier-1 licenses, which are highly trusted according to ForexBrokers.com. In contrast, Octa, founded in 2011, is not a bank and has one Tier-1 license. Both brokers are private entities and are not listed on any stock exchange. FxPro also holds a Tier-2 license, similar to Octa, reflecting a degree of trust but not as highly regarded as Tier-1 licenses.
Regarding trust scores from ForexBrokers.com, FxPro stands out with a rating of 93 out of 99, placing it in the highly trusted category. Octa, with a trust score of 72, falls into the average risk category. This difference indicates that, based on regulatory status and trust ratings, FxPro is generally considered a more reliable choice for traders prioritizing regulatory security and trustworthiness.
| Feature |
FxPro
|
Octa
|
|---|---|---|
| Year Founded | 2006 | 2011 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing online brokers FxPro and Octa in terms of commissions and fees, it's clear that both have unique pricing structures and benefits. FxPro's commissions and fees are relatively higher than the industry average, which can put it at a slight disadvantage. Traders using FxPro’s MetaTrader 4 have the flexibility to select between variable or fixed spreads and two types of execution-based pricing, instant and market. On the cTrader platform, FxPro offers the most competitive spreads with a commission-based model. The effective spread for the EUR/USD pair on FxPro’s cTrader is about 1.27 pips after accounting for an average spread of 0.37 pips and a 0.9 pip commission-equivalent. FxPro holds a four-star rating for commissions and fees and is ranked #32 out of 63 brokers by ForexBrokers.com.
Octa has made significant improvements in its pricing model, now becoming competitive among the lowest-cost MetaTrader brokers. Impressively, Octa boasts no slippage on 97.5% of executed orders and doesn't apply overnight carry costs. However, high-frequency traders might face some restrictions. Octa's commissions and fees depend largely on the trader's account type and regulatory body - EU clients use an EU entity while international ones may be routed through South Africa or its offshore entity in Mwali. The average spread for the EUR/USD pair is notably favorable in the EU entity at 0.5 pips, although Octa doesn’t provide a date range for its spread data, making it somewhat difficult to verify. Octa also receives a four-star rating for its commissions and fees and is ranked slightly higher at #29 by ForexBrokers.com.
| Feature |
FxPro
|
Octa
|
|---|---|---|
| Minimum Deposit | $100 | $25 |
| Average Spread EUR/USD - Standard | 1.51 | 0.9 |
| All-in Cost EUR/USD - Active | 1.27 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | 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.
FxPro and Octa both provide traders with a broad selection of investment options, though there are differences in the number and types of assets offered. FxPro stands out with 2,249 tradeable symbols, including 70 forex pairs, giving investors a substantial variety to choose from. In contrast, Octa offers 300 tradeable symbols, featuring 35 forex pairs, which might appeal to traders seeking a more streamlined selection. Both brokers enable forex trading through CFDs or spot contracts, and neither offers exchange-traded securities on U.S. exchanges. However, they do provide access to international stocks and feature copy trading for their clients.
When it comes to cryptocurrency, both brokers facilitate trading in cryptocurrency derivatives but do not offer actual delivery of the cryptocurrencies. FxPro is rated 4 stars for its range of investments, ranking 28th out of 63 brokers on ForexBrokers.com. Meanwhile, Octa holds a slightly lower rating of 3.5 stars and ranks 52nd in the same category. These rankings and ratings highlight how FxPro's expansive offerings provide a competitive edge for traders interested in a wider variety of investment opportunities.
| Feature |
FxPro
|
Octa
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 300 |
| Forex Pairs (Total) | 70 | 35 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| 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.
FxPro and Octa offer a range of trading platforms and tools that cater to both beginners and advanced traders. Both brokers provide a free virtual demo account, allowing users to practice online trading without financial risk. Each company has developed its proprietary platform, and they also support popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). For platform diversity, both brokers offer Windows-based desktop and web-based trading options, along with copy trading capabilities. However, neither broker supports DupliTrade or ZuluTrade. Regarding charting tools, FxPro stands out with 25 drawing tools compared to Octa's 15, but Octa offers more options in watch list customization, with seven fields against FxPro's six.
In terms of ratings, both FxPro and Octa earn four out of five stars for their trading platforms and tools. However, their rankings differ, with FxPro positioned at #17 and Octa at #37 out of 63 brokers according to ForexBrokers.com. This suggests that while both brokers provide highly rated platforms, FxPro might have a slight edge in terms of its overall offering and satisfaction among users. Both brokers allow traders to execute trades directly from stock charts, ensuring a streamlined experience. Whether you're looking for comprehensive drawing tools or diverse watch list features, each broker has something to offer depending on individual trading needs.
| Feature |
FxPro
|
Octa
|
|---|---|---|
| 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) | 53 | 30 |
| Charting - Drawing Tools (Total) | 25 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
In comparing the mobile trading apps of FxPro and Octa, both platforms offer comprehensive iPhone and Android apps equipped with stock or forex price alerts to keep traders updated on market movements. FxPro stands out with its feature of watchlist symbol syncing, allowing users to seamlessly sync changes between their mobile app and online account, a feature not available with Octa. Both providers enable users to create watchlists with real-time quotes, enhancing the user experience by staying updated on favorite symbols.
When it comes to analytical tools, FxPro impresses with 65 technical studies available in its mobile app, while Octa provides 30. Both apps support trendline drawings on charts and offer the ability to view multiple time frames, catering to different trading strategies. Additionally, FxPro and Octa both auto-save chart drawings, ensuring user's technical analyses are preserved. FxPro earns a 4.5-star rating for its mobile trading apps, ranking 15th out of 63 brokers, while Octa scores a 4-star rating, positioned at 36th in the same category according to ForexBrokers.com.
| Feature |
FxPro
|
Octa
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 65 | 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 FxPro and Octa provide daily market commentary and forex news from reputed sources like Bloomberg, Reuters, and Dow Jones, which keeps traders informed with timely updates. While FxPro does not include tools from Autochartist, it makes up for it by offering technical analysis tools from Trading Central and provides a sentiment-based trading tool for gauging market sentiment across various instruments. Octa, on the other hand, features Autochartist tools but does not offer the Trading Central technical analysis or sentiment-based trading tools. Both brokers fall short of providing market research tools from TipRanks or Acuity Trading.
FxPro and Octa each furnish traders with an economic calendar showing crucial global economic events, ensuring traders can prepare for potential market-moving news. Despite minor differences, FxPro and Octa both earn a solid 4-star rating for research. In terms of ranking by ForexBrokers.com, FxPro is slightly ahead, positioned at #26 among 63 brokers, with Octa closely following at #27. This close ranking reflects a strong competition between the brokers in the research category, with each offering a distinct set of tools and features that cater to various trading needs.
| Feature |
FxPro
|
Octa
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| 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, both FxPro and Octa provide a variety of options for those new to trading forex and CFDs. FxPro and Octa both offer a significant number of educational pieces, including articles, videos, and archived webinars. While FxPro does not offer live online educational webinars monthly, Octa makes this an active part of their offerings, enhancing the learning experience with live sessions. Both brokers have a searchable archive of previous webinars, giving learners the flexibility to access recorded resources at their convenience. FxPro leads with its offerings specifically geared towards beginners, whereas Octa extends beyond fundamentals with a range of advanced educational videos.
FxPro and Octa each present an investor dictionary with over 50 investing terms, aiding newcomers in building their foundational knowledge. However, Octa excels in advanced education, providing resources for more experienced traders. Despite these nuanced differences, both online brokers share a solid education rating of 4 stars. Notably, FxPro ranks higher on ForexBrokers.com in the education category, coming in at #18, compared to Octa’s #42. This distinction may indicate a more comprehensive educational experience for traders using FxPro.
| Feature |
FxPro
|
Octa
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| 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 FxPro is better than Octa. FxPro finished with an overall rank of #21, while Octa finished with an overall rank of #47.
FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
| Feature |
FxPro
|
Octa
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 93 | 72 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both FxPro and Octa do not provide the option to buy actual delivered cryptocurrency, but they do offer the ability to trade cryptocurrency derivatives.
Comparing the online brokers FxPro and Octa reveals that FxPro offers a broader range of deposit and withdrawal options, including ACH and SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, while Octa supports Skrill, Visa or Mastercard, and bank wires but lacks ACH, SEPA transfers, and PayPal.
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 | FxPro | Octa | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 93 | 72 | |
| Winner | check_circle | ||
| Review | FxPro Review | Octa Review |
| Broker Screenshots | FxPro | Octa | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| Regulation | FxPro | Octa | |
|---|---|---|---|
| Trust Score | 93 | 72 | |
| Year Founded | 2006 | 2011 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | 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) | FxPro | Octa | |
|---|---|---|---|
| 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) | Yes | 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) | FxPro | Octa | |
|---|---|---|---|
| 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 | FxPro | Octa | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2249 | 300 | |
| Forex Pairs (Total) | 70 | 35 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| 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 | FxPro | Octa | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.51 | 0.9 | |
| All-in Cost EUR/USD - Active | 1.27 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FxPro | Octa | |
|---|---|---|---|
| Minimum Deposit | $100 | $25 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FxPro | Octa | |
|---|---|---|---|
| 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 | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FxPro | Octa | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 53 | 30 | |
| Charting - Drawing Tools (Total) | 25 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FxPro | Octa | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 65 | 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 | FxPro | Octa | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FxPro | Octa | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FxPro | Octa | |
|---|---|---|---|
| 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 | FxPro Review | Octa Review |
| Overall | FxPro | Octa | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 93 | 72 | |
| Winner | check_circle | ||
| Review | FxPro Review | Octa Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill