Written by ForexBrokers.com
In this head to head comparison of Octa vs GBE brokers, 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.
Octa and GBE Brokers both provide online trading platforms but differ slightly in terms of regulatory credentials and trust ratings. Founded in 2011, Octa holds one Tier-1 license and one Tier-2 license, giving it a ForexBrokers.com Trust Score of 72 out of 99. This places Octa in the average risk category, offering users a mix of reliability and caution. The company is not publicly traded and does not operate as a bank.
GBE Brokers, established in 2013, also holds one Tier-1 license but lacks Tier-2 licensing, resulting in a slightly lower Trust Score of 71 out of 99. Like Octa, GBE Brokers is not listed on any stock exchange and does not identify as a banking institution. While both brokers share similar attributes and face comparable trust ratings, potential investors might consider Octa's additional Tier-2 licensing when evaluating risk and reliability.
| Feature |
Octa
|
GBE brokers
|
|---|---|---|
| Year Founded | 2011 | 2013 |
| 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 the commissions and fees of online brokers Octa and GBE Brokers, both present commendable offerings, each securing a 4-star rating in this category. Octa has continuously improved its pricing structure, aligning closely with low-cost MetaTrader brokers by eliminating slippage on 97.5% of orders and waiving overnight carry costs. However, potential restrictions could impede high-frequency trading activity. With varied account types depending on the regulatory entity, Octa offers appealing spreads, such as 0.5 pips for EUR/USD within its EU entity. Despite this, a lack of date-specific data for these spreads may affect the reliability of these figures.
On the other hand, GBE Brokers does not provide average spread data, which makes direct comparisons challenging. Nevertheless, both brokers have earned a respectable place in the Commissions and Fees category rankings by ForexBrokers.com, with Octa ranked at #29 and GBE Brokers ranked at #37 among 63 brokers. This reflects their competitive fee structures within the industry, encouraging potential users to consider additional factors when choosing a platform.
In conclusion, while Octa shows promise with its evolving fee structure and competitive spreads, the absence of detailed spread data from both brokers necessitates a comprehensive review of features beyond commissions and fees. Understanding specific trading needs and platform capabilities can ensure the best choice for traders seeking cost-effective solutions.
| Feature |
Octa
|
GBE brokers
|
|---|---|---|
| Minimum Deposit | $25 | $500 |
| 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 | Yes |
| PayPal (Deposit/Withdraw) | No | 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.
Octa and GBE Brokers both provide substantial options for forex trading, each offering it either as a CFD or spot contract. However, GBE Brokers holds a slight edge in the diversity of tradeable symbols, presenting 500 compared to Octa's 300. When it comes to forex pairs, GBE Brokers leads with 71, overshadowing Octa's offer of 35 pairs. Neither platform offers access to U.S. exchange-traded securities, but Octa allows users to trade international shares like Vodafone on the London Stock Exchange—a feature GBE Brokers does not provide.
Both Octa and GBE Brokers facilitate copy trading and provide options for cryptocurrency derivatives, yet neither lets you purchase actual cryptocurrencies. Despite these similarities, GBE Brokers has a higher ranking for the range of investments by ForexBrokers.com, placed at #44 compared to Octa’s #52. Each platform receives a 3.5-star rating for their investment offerings, indicating a balanced but not exceptional range of options for investors seeking variety.
| Feature |
Octa
|
GBE brokers
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 300 | 500 |
| Forex Pairs (Total) | 35 | 71 |
| 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.
When it comes to trading platforms and tools, both Octa and GBE Brokers offer comprehensive services suitable for traders. Octa stands out with its proprietary platform developed in-house, while GBE Brokers does not offer this feature. Both brokers provide essential trading functionalities such as Windows desktop and web-based trading platforms, along with support for MetaTrader 4 (MT4) and MetaTrader 5 (MT5). For traders interested in copy trading, both Octa and GBE Brokers include this popular feature, ensuring a versatile trading experience. Trading from charts is possible with both brokers, and they each offer an equal number of 15 drawing tools for charting, aiding in detailed analysis.
In terms of additional features, both Octa and GBE Brokers provide free virtual demo accounts, which are excellent for practicing trading strategies without risk. Additionally, each broker equips traders with the option to customize watch lists using seven different columns for monitoring preferred assets. Despite similarities in offerings, Octa has a slight edge in industry ranking, sitting at #37 compared to GBE Brokers at #57 according to ForexBrokers.com. However, both brokers share a four-star rating for their trading platforms and tools, suggesting a balanced and capable environment for executing trades.
| Feature |
Octa
|
GBE brokers
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| 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.
Both Octa and GBE brokers offer mobile apps for iPhone and Android users, providing traders with convenient access to stock and forex markets. Both platforms enable users to set price alerts and draw trendlines on charts within their respective apps. With 30 technical studies available for charting and the ability to view different timeframes, both Octa and GBE brokers deliver well-rounded tools for traders on the go. Additionally, real-time quotes in customizable watchlists allow users to keep track of their favorite symbols. However, neither platform supports watchlist symbol syncing between the mobile app and the online account.
Despite their similarities, Octa and GBE brokers differ in overall rankings. Octa achieves a rating of four stars for its mobile trading app, ranking 35th out of 63 brokers on ForexBrokers.com. GBE brokers also hold a four-star rating but are positioned lower, at 57th in the same category. Both apps have the capability to automatically save chart drawings, but Octa seems to have a slight edge in terms of user perception and app efficiency compared to GBE brokers.
| Feature |
Octa
|
GBE brokers
|
|---|---|---|
| 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 comparing the market research features of Octa and GBE Brokers, both platforms offer daily market commentary and economic calendars that help traders stay updated on global developments. However, Octa takes a step further by providing forex news from elite sources like Bloomberg and Reuters, helping traders gain insights from trusted media outlets. Additionally, Octa incorporates tools like Autochartist for technical and fundamental analysis, giving users a handy set of resources to refine their strategies. In contrast, GBE Brokers does not offer news from top-tier providers or tools from Autochartist, potentially limiting the breadth of research available to traders.
For traders who rely on sentiment data, GBE Brokers provides a valuable tool that displays the ratio of long and short positions across currency pairs, which Octa lacks. Despite this, Octa's research capabilities earn it a higher rating of 4 stars compared to GBE Brokers' 3 stars, reflecting the broader suite of resources Octa offers its users. Ranked at #27 by ForexBrokers.com for research, Octa significantly outperforms GBE Brokers, which stands at #62, indicating a more comprehensive research experience with Octa in comparison.
| Feature |
Octa
|
GBE brokers
|
|---|---|---|
| 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 | Yes |
| 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 for beginner traders, Octa clearly stands out compared to GBE brokers. Octa offers a wealth of educational content with more than ten pieces dedicated to forex and CFDs, including articles, videos, and archived webinars. They also provide online webinars at least once a month and maintain a searchable archive of these sessions, ensuring that beginners can easily access past educational materials. Additionally, Octa offers over ten beginner-focused videos on trading topics, making it an excellent choice for those new to trading. In contrast, GBE brokers do not meet this minimum threshold and lack consistent educational offerings such as webinars and a significant video library.
Moreover, Octa also caters to more seasoned traders by offering over ten advanced educational videos, whereas GBE brokers do not provide similar resources for experienced investors. Octa goes a step further by providing an investor dictionary with definitions of over fifty investing terms, a feature missing from GBE brokers. With a four-star rating for education and a rank of 42 out of 63 brokers according to ForexBrokers.com, Octa is better positioned to support traders at all levels. In comparison, GBE brokers receive a lower education rating of three stars and are ranked last in the same category. This comprehensive offering makes Octa a more favorable choice for traders focused on education.
| Feature |
Octa
|
GBE brokers
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| 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 GBE brokers. Octa finished with an overall rank of #47, while GBE brokers finished with an overall rank of #56.
Octa offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform.
| Feature |
Octa
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GBE brokers
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|---|---|---|
| Overall Rating |
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| Trust Score | 72 | 71 |
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Both Octa and GBE brokers provide the option to trade cryptocurrency derivatives but do not offer the capability to purchase actual delivered cryptocurrencies.
When comparing Octa to GBE brokers, it's important to note that while both offer options for Skrill, Visa, Mastercard, and bank wires to deposit or withdraw account funds, GBE brokers also provide additional flexibility with ACH, SEPA, and PayPal transfers, which are not available with Octa.
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 | Octa | GBE brokers | |
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| Trust Score | 72 | 71 | |
| Winner | check_circle | ||
| Review | Octa Review |
| Broker Screenshots | Octa | GBE brokers | |
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| Regulation | Octa | GBE brokers | |
|---|---|---|---|
| Trust Score | 72 | 71 | |
| Year Founded | 2011 | 2013 | |
| 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 | GBE brokers | |
|---|---|---|---|
| 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 | GBE brokers | |
|---|---|---|---|
| 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 | GBE brokers | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 300 | 500 | |
| Forex Pairs (Total) | 35 | 71 | |
| 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 | GBE brokers | |
|---|---|---|---|
| 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 | GBE brokers | |
|---|---|---|---|
| Minimum Deposit | $25 | $500 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Octa | GBE brokers | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Octa | GBE brokers | |
|---|---|---|---|
| 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 | GBE brokers | |
|---|---|---|---|
| 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 | GBE brokers | |
|---|---|---|---|
| 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 | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Octa | GBE brokers | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Octa | GBE brokers | |
|---|---|---|---|
| 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 | GBE brokers | |
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| Trust Score | 72 | 71 | |
| Winner | check_circle | ||
| Review | Octa Review |
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