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 Octa and GBE Brokers, both companies earn a solid 4-star rating in this category. Octa, ranked #29 out of 62 brokers by ForexBrokers.com, has made strides in improving its pricing to compete with low-cost MetaTrader brokers. One of Octa's standout features is its commitment to executing 97.5% of orders with no slippage and not charging overnight carry costs. However, this might not appeal to high-frequency traders due to certain restrictions in place.
Octa's fees vary based on account type and regulatory entity. European clients are limited to the MetaTrader 5 platform, while international clients have access to both MT4 and MT5, as well as the OctaTrader platform. Spread pricing is competitive, with the EU entity offering an average spread of 0.5 pips for the EUR/USD pair compared to 0.9 pips from foreign entities. However, Octa does not provide a date range for its spread data, which makes direct comparisons more challenging.
On the other hand, GBE Brokers does not offer average spread data for easy comparison. Despite this, it matches Octa's 4-star rating for commissions and fees and is ranked #37 by ForexBrokers.com. While both Octa and GBE Brokers provide competitive pricing, the specifics of their offerings differ, making it essential for traders to evaluate which platform better suits their trading needs.
| 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.
When comparing online brokers Octa and GBE Brokers in terms of their range of investments, both offer the ability to trade forex as either a CFD or spot contract. GBE Brokers stands out with a broader selection, presenting 500 tradeable symbols compared to Octa's 300. For forex enthusiasts, GBE Brokers offers a more comprehensive array of 71 forex pairs, while Octa provides 35 pairs. Additionally, both brokers support copy trading and trading cryptocurrency derivatives, although neither allows the purchase of actual cryptocurrencies. Visitors cannot trade U.S. exchange-listed securities directly with either broker, but Octa does provide the option to trade on international exchanges such as the London Stock Exchange, a feature not available with GBE Brokers.
Evaluating the ratings and rankings, Octa and GBE Brokers both earn 3.5 out of five stars for their range of investment options. Despite the identical ratings, GBE Brokers holds an edge by securing the 44th spot in ForexBrokers.com's rankings for the Range of Investments category, while Octa is positioned at 52nd out of 62 brokers. When selecting between these two brokers, potential investors should consider the larger number of forex pairs and tradeable symbols offered by GBE Brokers, balanced against Octa's access to international markets.
| 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 a range of features suitable for traders at any level. Both brokers provide a free virtual demo account, allowing traders to practice without financial risk. Octa stands out with its proprietary platform, developed in-house, which may appeal to traders seeking a unique user experience. Both brokers are equipped with Windows-based desktop downloads and web-based platforms, ensuring flexibility and convenience for their users. Additionally, both provide access to popular MetaTrader 4 and MetaTrader 5 platforms and support for copy trading.
Charting tools are comprehensive with each broker offering 15 drawing tools. Direct trading from stock charts is available, enhancing ease of trade execution. Both Octa and GBE Brokers provide seven columns for watch lists, facilitating organized tracking of market movements. Although rated similarly with 4 stars for trading platforms and tools, Octa holds a higher ranking at 37 compared to GBE Brokers' ranking of 57 by ForexBrokers.com. While neither broker offers DupliTrade or ZuluTrade, both receive commendable ratings for their versatile features and accessibility.
| 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 comprehensive mobile trading apps for both iPhone and Android users, delivering consistent features like stock and forex price alerts, as well as advanced charting capabilities with 30 technical studies and the ability to draw trendlines. They support multiple time frames for viewing charts and ensure that any drawings are auto-saved, providing traders with flexible and user-friendly solutions. Furthermore, both platforms allow users to create watchlists with real-time quotes. However, neither broker offers watchlist symbol syncing between the mobile app and online account, meaning any changes made on one platform aren’t automatically reflected on the other.
In terms of ratings, both Octa and GBE brokers score 4 stars for their Mobile Trading Apps. However, when looking at rankings by ForexBrokers.com, Octa emerges ahead, securing the 35th position out of 62 brokers, while GBE brokers sit at 57th. This difference in ranking suggests that while both apps are well-regarded, Octa may offer a slightly better experience or additional features that more closely align with user expectations and preferences. Regardless, both apps provide excellent tools for mobile traders looking to keep up with the market on the go.
| 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 offerings of Octa and GBE Brokers, there are some distinct differences. Both platforms provide daily market commentary and a comprehensive economic calendar, allowing traders to stay informed about significant global events. However, Octa stands out by offering forex news from top-tier sources like Bloomberg and Reuters, enhancing the breadth and reliability of the information available to traders. Additionally, Octa integrates technical analysis tools from Autochartist, offering traders valuable insights into market trends, whereas GBE Brokers does not provide this feature.
In terms of sentiment-based tools, GBE Brokers takes the lead by offering a trading tool to gauge the ratio of long or short positions across currency pairs, which is absent in Octa's offerings. Despite this, Octa's diverse research tools contribute to its higher research rating of four out of five stars compared to GBE Brokers' three stars. Ranking-wise, Octa is positioned at #27 out of 62 brokers for research on ForexBrokers.com, significantly outperforming GBE Brokers, which sits at #61. This comparison highlights Octa's strength in delivering detailed, high-quality market research tailored for an informed trading experience.
| 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 beginners, Octa offers a comprehensive suite of learning materials compared to GBE Brokers. Octa provides over ten educational pieces focusing on forex and CFDs, along with monthly online webinars to enhance traders' knowledge. They also maintain a searchable archive of past webinars, making learning flexible and on-demand. For those new to trading, Octa offers a collection of beginner educational videos, with over ten focused on foundational trading topics. Additionally, Octa supplies advanced educational videos for experienced traders, enhancing skills with each viewing. An investor dictionary featuring over 50 investing terms further supports Octa's commitment to education, culminating in a 4-star rating for their educational offerings.
In contrast, GBE Brokers do not provide the same level of resources for beginner traders. They lack a minimum of ten educational pieces on forex or CFDs and do not offer regular webinars or archives. The absence of beginner and advanced educational videos further limits their educational scope. Moreover, GBE Brokers do not provide an investor dictionary, which can be crucial for newcomers looking to understand trading jargon. As a result, GBE Brokers receive a 3-star rating for their educational services. According to ForexBrokers.com, Octa ranks at #42 out of 62 brokers in the Education category, significantly ahead of GBE Brokers, which ranks at #62.
| 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 62 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 |
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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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