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.
In the realm of online trading, FxPro and Octa each bring their own unique attributes to the table. FxPro, established in 2006, holds a strong position with a Trust Score of 93 out of 99, categorizing it as highly trusted according to ForexBrokers.com. As a bank, FxPro is backed by two Tier-1 licenses and one Tier-2 license, highlighting its strong regulatory standing. In contrast, Octa, which started in 2011, is not a bank and holds a Trust Score of 72, indicating an average level of trust. Octa is equipped with one Tier-1 license and one Tier-2 license, showing a moderate level of regulation in comparison.
While neither FxPro nor Octa is publicly traded, FxPro's extensive regulatory oversight and trustworthiness are reinforced by its dual Tier-1 licenses, offering potential traders confidence. On the other hand, Octa presents a viable option for those who are comfortable with an average risk, thanks to its single Tier-1 license. When deciding between these brokers, prospective investors should weigh the significance of regulatory credentials and trust scores based on their personal preferences and risk tolerance.
| Feature |
FxPro
|
Octa
|
|---|---|---|
| Year Founded | 2006 | 2011 |
| Publicly Traded (Listed) | ||
| Bank | Yes | |
| 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 | |
| ACH or SEPA Transfers | Yes | |
| PayPal (Deposit/Withdraw) | Yes | |
| 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 the online brokers FxPro and Octa on the basis of available investment options, several key areas stand out. FxPro offers an impressive selection with 2,249 tradeable symbols, including 70 forex pairs, allowing for a wide range of trading possibilities. In contrast, Octa provides access to 300 tradeable symbols and 35 forex pairs, giving investors fewer options to explore. Both brokers allow traders to engage in forex trading through CFDs or spot contracts, making them versatile choices for forex enthusiasts. Additionally, FxPro and Octa both include exchange-traded securities on international exchanges and support cryptocurrency derivatives trading, although no information is provided on their offerings for U.S. exchange-traded securities or actual cryptocurrencies.
FxPro also caters to investors interested in copy trading, which can enhance trading strategies by following experienced traders. Receiving a 4-star rating for its range of investments, FxPro ranks 28th out of 63 brokers according to ForexBrokers.com. Meanwhile, Octa, rated 3.5 stars, holds the 52nd position in the same ranking. This shows that FxPro offers a broader array of investment opportunities when compared to Octa, positioning itself as the more comprehensive choice for traders looking for diverse options. Whether you are seeking extensive forex pair options or the ability to trade a wide variety of other instruments, FxPro seems to have the upper hand in satisfying these investment needs.
| 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) | ||
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | ||
| 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 both offer a comprehensive range of trading platforms and tools, making them competitive choices for traders. Both brokers provide free virtual demo accounts, allowing users to simulate trading conditions. They each offer proprietary platforms developed in-house, alongside a Windows-based desktop platform for seamless downloading. For traders who prefer a browser-based experience, both brokers provide web-based platforms. Supporting popular trading systems, FxPro and Octa also offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Furthermore, both brokers support copy trading for users looking to emulate successful strategies.
When it comes to charting tools, FxPro offers 25 drawing tools, surpassing Octa, which offers 15. However, Octa provides more customizable watch list fields with seven columns compared to FxPro's six. Both brokers allow trading directly from stock charts, simplifying the trading process. Rated four stars for trading platforms and tools, FxPro ranks 17th out of 63 brokers on ForexBrokers.com, while Octa, also rated four stars, holds the 37th position. This showcases FxPro's slightly higher ranking in platform offerings according to industry evaluations.
| 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 | ||
| ZuluTrade | ||
| 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.
FxPro and Octa both cater to mobile trading enthusiasts, offering apps compatible with iPhone and Android devices. Each of these apps provides essential features like stock and forex price alerts, and the ability to draw trendlines on charts. Both platforms also offer versatile time frame views, letting traders observe daily, weekly, or intraday charts. However, a key difference is that FxPro’s mobile app excels in offering an impressive 65 technical studies for chart analysis compared to Octa's 30, which could be a deciding factor for traders who rely heavily on technical indicators. Additionally, both apps allow for creating a watchlist with real-time quotes, but watchlist syncing is exclusive to FxPro, giving it a distinct advantage for users who like to switch between devices.
When it comes to performance evaluations, FxPro outshines Octa with a 4.5-star rating compared to Octa's 4 stars. This difference is further reflected in their rankings by ForexBrokers.com, where FxPro holds the 15th position among 63 brokers for mobile trading apps, while Octa trails at 36th place. This suggests that while both platforms provide a solid mobile trading experience, FxPro might offer a more seamless and feature-rich environment for traders who prioritize detailed charting tools and device synchronization capabilities.
| Feature |
FxPro
|
Octa
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | |
| 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.
Both FxPro and Octa excel in providing daily market commentary and delivering forex news from top-tier sources like Bloomberg and Reuters, ensuring traders stay well-informed. While FxPro collaborates with Trading Central for advanced analytics, Octa enhances its technical analysis capabilities with tools from Autochartist. FxPro stands out by offering a sentiment-based trading tool which provides insights into the market's long and short positions across various instruments, a feature not available with Octa. Both brokers include an economic calendar to track crucial global events.
In terms of research ratings, both FxPro and Octa have achieved a commendable four-star rating, indicating their commitment to high-quality research offerings. However, FxPro slightly edges out Octa in the ForexBrokers.com rankings, holding the 26th spot compared to Octa's 27th position among 63 brokers. These nuances make exploring both platforms worthwhile for traders seeking comprehensive market insights.
| Feature |
FxPro
|
Octa
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | |
| Trading Central (Recognia) | Yes | |
| Social Sentiment - Currency Pairs | Yes | |
| TipRanks | ||
| Signal Centre (Acuity Trading) | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
FxPro and Octa both offer a solid foundation for beginners looking to dive into the world of forex and CFDs trading. Both platforms provide more than 10 educational resources such as articles, videos, and webinars focusing on forex and CFDs, catering to the learning needs of new traders. While both brokers have a searchable archive of recorded webinars and comprehensive investor dictionaries with over 50 terms, Octa stands out with regular monthly educational webinars. In contrast, FxPro does not consistently offer such live interactive sessions.
For those looking for video-based learning, both FxPro and Octa have more than 10 beginner-friendly videos. However, if you're seeking advanced trading videos, Octa is the preferred choice, as it offers more than 10 to meet the needs of experienced traders, unlike FxPro. Despite these differences, both brokers are rated four out of five stars for their educational offerings. Notably, FxPro ranks higher at 18th in the Education category by ForexBrokers.com, compared to Octa's 42nd position, highlighting a slight edge in their educational quality according to industry standards.
| Feature |
FxPro
|
Octa
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | 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
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Octa
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|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 72 |
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While both FxPro and Octa provide the option to invest in cryptocurrency derivatives, neither platform allows users to buy actual, delivered cryptocurrency.
FxPro provides a comprehensive range of funding options including ACH, SEPA, PayPal, Skrill, Visa, Mastercard, and bank wires, whereas Octa supports Skrill, Visa, Mastercard, and bank wires but lacks both ACH, SEPA, and PayPal as methods for depositing or withdrawing account funds.
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 | FxPro | Octa | |
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| Trust Score | 93 | 72 | |
| Winner | check_circle | ||
| Review | FxPro Review | Octa Review |
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| Regulation | FxPro | Octa | |
|---|---|---|---|
| Trust Score | 93 | 72 | |
| Year Founded | 2006 | 2011 | |
| Publicly Traded (Listed) | |||
| Bank | Yes | ||
| 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) | |||
| Canada (CIRO Authorised) | |||
| Hong Kong (SFC Authorised) | |||
| Japan (SFC Authorised) | |||
| Singapore (MAS Authorised) | |||
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | ||
| USA (CFTC Authorized) | |||
| New Zealand (FMA Authorised) | |||
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FxPro | Octa | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | |||
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | |||
| India (SEBI Authorised) | |||
| Jordan (JSC Authorised) |
| 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) | |||
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | |||
| 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 | ||
| Inactivity Fee | Yes | ||
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FxPro | Octa | |
|---|---|---|---|
| Minimum Deposit | $100 | $25 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes |
| 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 | ||
| DupliTrade | |||
| ZuluTrade |
| 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 | ||
| 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 | Yes | ||
| Trading Central (Recognia) | Yes | ||
| TipRanks | |||
| Social Sentiment - Currency Pairs | Yes | ||
| Economic Calendar | Yes | Yes |
| Education | FxPro | Octa | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | ||
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | 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 | |
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| Trust Score | 93 | 72 | |
| Winner | check_circle | ||
| Review | FxPro Review | Octa Review |
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