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.
FxPro and Octa both provide a variety of trading platforms and tools that cater to diverse trading needs. Both brokers offer simulated trading through free virtual demo accounts, enabling users to practice without risk. Each has developed its own proprietary platform while supporting popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). For trading convenience, both provide Windows-based desktop platforms and web-based browser platforms. In addition, both FxPro and Octa facilitate copy trading but neither supports DupliTrade or ZuluTrade services. Charting features see some variations, with FxPro offering 25 drawing tools compared to 15 by Octa, helping traders with detailed market analysis.
When it comes to direct trading from stock charts, both brokers are on par, allowing traders to make quick decisions. While FxPro’s watch lists offer 6 columns for detailed monitoring, Octa goes a step further with 7 columns, offering slightly more customization. Despite these features, both received a solid 4-star rating for their trading platforms and tools. Within a market of 62 brokers rated by ForexBrokers.com, FxPro is ranked at #18, indicating a stronger position compared to Octa’s #37 ranking in the Trading Platforms and Tools category. Overall, both brokers present competent platforms, though FxPro holds a slight edge in its industry standings.
| 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 provide valuable resources for those interested in market research. They offer daily market commentary and deliver forex news from reputable sources such as Bloomberg, Reuters, and Dow Jones. While FxPro provides tools from Trading Central, which assist with technical analytics, Octa features tools from Autochartist, a company known for its technical analysis and fundamental research. Additionally, FxPro offers a sentiment-based trading tool that gives insights into trader positions across various instruments, a feature Octa currently does not provide. Both brokers ensure their clients stay updated with economic calendars, highlighting global news events impacting different economies.
In terms of research ratings, both FxPro and Octa enjoy a similar standing, each earning four out of five stars. However, when ranked by ForexBrokers.com, Octa takes a slight lead at #26, just ahead of FxPro at #27, out of a total of 62 brokers. Despite their differences, both platforms provide solid research support, making them competitive choices for traders looking to stay informed and make educated trading decisions.
| 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.
FxPro and Octa both currently provide beginners with ample educational materials on forex and CFDs, featuring over ten articles, videos, and archived webinars each. Both platforms offer searchable archives of past webinars, which is a valuable resource for those who prefer on-demand learning. However, when it comes to online educational webinars hosted at least monthly, FxPro does not meet the mark, while Octa does provide this service. Additionally, both brokers cater to beginners with more than ten educational videos specifically designed to introduce trading concepts.
For those looking for more advanced content, Octa offers more than ten videos aimed at experienced traders, a feature that FxPro lacks. Both brokers, though, offer an investor dictionary rich with definitions for over fifty investing terms, aiding in beginner comprehension of trading jargon. In educational rankings, FxPro is positioned at #17 among 62 brokers on ForexBrokers.com, while Octa ranks at #42, despite each receiving a four-star rating for education. This suggests that while both are strong contenders in providing educational resources, FxPro holds a slight edge in its overall educational offering.
| 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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