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 it comes to comparing the commissions and fees between FxPro and Octa, both online brokers have garnered a 4-star rating in this category. However, they differ slightly in their ranking according to ForexBrokers.com, with FxPro being ranked #32 out of 62 brokers, whereas Octa ranks slightly higher at #29.
FxPro's pricing structure is known to be higher than the industry average. On their cTrader platform, FxPro offers their most competitive spreads with a commission-based pricing model. Traders dealing with the popular EUR/USD pair on cTrader experience an effective spread of about 1.27 pips, which includes a 0.9 pip commission-equivalent. For their MetaTrader platforms, FxPro provides variable spreads; on MT4, spreads for the EUR/USD stand at 1.58 pips for market execution accounts and 1.71 for instant execution. Additionally, FxPro offers an Active Trader program with discounts up to 30%, but it still falls short compared to top competitors.
Octa, on the other hand, has shown improvements in its pricing strategies, drawing closer to the lowest-cost MetaTrader brokers. Octa claims no slippage on 97.5% of executed orders and does not charge overnight carry costs, though there are some limitations for high-frequency traders. Pricing varies depending on the regulatory entity; for example, accounts under its EU entity offer an average EUR/USD spread of 0.5 pips. While Octa doesn't provide a date range for its typical spreads, which impacts the precision of comparisons, it is evident that Octa has made significant strides in offering competitive pricing.
| 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.
When comparing the range of investments offered by FxPro and Octa, both brokers deliver forex trading through CFDs or spot contracts. However, FxPro stands out with 2,249 tradeable symbols, significantly surpassing Octa's 300. This extensive selection includes 70 forex pairs at FxPro, double what Octa offers with 35 pairs. Although neither broker provides exchange-traded securities on U.S. exchanges, they both allow international exchange trades, like buying shares of companies such as Vodafone.
Both FxPro and Octa provide options for copy trading and offer derivatives for cryptocurrency (not the actual asset), but neither facilitates buying actual delivered cryptocurrencies. When it comes to ratings, FxPro scores slightly higher with 4 stars for its range of investments compared to Octa's 3.5 stars. According to ForexBrokers.com rankings, FxPro also comes ahead at #28, while Octa lags at #52, reflecting a broader array of investment choices for its clients.
| 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.
When comparing FxPro and Octa for their trading platforms and tools, both brokers provide impressive offerings. They each feature a proprietary platform developed in-house, as well as support for popular platforms like MetaTrader 4 and MetaTrader 5. Traders can enjoy simulated trading with free virtual demo accounts from both brokers. Additionally, desktop downloads for Windows-based trading and web-based platforms ensure flexibility for different trading preferences. Both FxPro and Octa also facilitate copy trading, allowing traders to follow and replicate the trades of others effortlessly. However, you'll find no support for ZuluTrade or DupliTrade on either platform.
Assessing the finer details of charting tools, FxPro takes a slight edge with 25 drawing tools compared to Octa's 15. Conversely, Octa provides a bit more information in its watch lists with 7 columns available, whereas FxPro offers 6. Both platforms offer the ability to trade directly from stock charts, enhancing ease of use in live trading situations. With respective ratings of 4 stars for trading platforms and tools, FxPro ranks higher at 17th place, while Octa holds the 37th position out of 62 brokers as ranked by ForexBrokers.com. This makes FxPro the more favorable choice for traders who prioritize nuanced charting tools and higher rankings in the industry.
| 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.
FxPro and Octa both offer mobile trading apps for iPhone and Android devices, providing on-the-go access to the world of trading. Both apps include essential features like stock and forex price alerts, the ability to draw trendlines, view multiple time frames, and real-time watchlists. However, FxPro stands out with its watchlist symbol syncing feature, allowing users to sync watchlists between the mobile app and their online account effortlessly. Moreover, FxPro offers more technical studies for charting, with 65 studies compared to Octa’s 30, giving traders a wider array of analytical tools to make informed decisions.
When it comes to user ratings, FxPro's mobile app holds a higher rating of 4.5 stars out of 5, compared to Octa's 4 stars. This overall satisfaction is reflected in the rankings by ForexBrokers.com, where FxPro is placed at #15 out of 62 brokers in the Mobile Trading Apps category, whereas Octa is positioned at #35. These distinctions highlight FxPro's strengths in providing a more comprehensive and seamless mobile trading experience.
| 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.
FxPro and Octa both deliver daily market commentary and provide forex news from top-tier sources like Bloomberg and Reuters, offering traders access to reliable information. While Octa benefits from technical analysis tools provided by Autochartist, FxPro leverages the resources of Trading Central to equip traders with detailed insights. Regarding sentiment analysis tools, FxPro has the edge by offering a platform that displays the ratio of long or short positions across various currency pairs, a feature unavailable with Octa.
Both platforms come with economic calendars showing global financial news, ensuring traders stay informed about key events. Neither broker includes tools from Acuity Trading or offers market research from TipRanks. FxPro and Octa received the same four-star rating for their research capabilities, as assessed by ForexBrokers.com. However, FxPro holds a slightly higher position, ranking 26th out of 62 brokers, compared to Octa's 27th spot, indicating a slight preference for FxPro in this area.
| 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 comparing the educational resources offered by FxPro and Octa for beginners, both online brokers provide more than 10 educational materials focusing on forex or CFDs, including articles, videos, and archived webinars. However, Octa stands out by offering monthly online educational webinars for clients, a feature FxPro does not have. Both brokers maintain a searchable archive of recorded webinars, ensuring that learners can access past sessions as needed. Beginner traders will also find value in the more than 10 introductory videos available from each broker, covering essential trading topics.
For those seeking advanced educational content, Octa has the edge with over 10 videos tailored for experienced traders, a resource that FxPro lacks. Both brokers ensure a comprehensive understanding of trading terms by providing an investor dictionary with over 50 investing terms. Despite sharing a 4-star rating in education, FxPro ranks higher at #18 compared to Octa's rank of #42 among 62 brokers evaluated by ForexBrokers.com. This suggests that while both brokers are well-rated for educational components, FxPro may offer a slightly broader array of resources overall.
| 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 62 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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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.
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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) | 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 | |
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| Trust Score | 93 | 72 | |
| Winner | check_circle | ||
| Review | FxPro Review | Octa Review |
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