Written by ForexBrokers.com
In this head to head comparison of Octa vs iFOREX, 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, founded in 2011, and iFOREX, established in 1996, are prominent online brokers in the trading world, each bringing their own strengths to the table. Neither company is publicly traded or functions as a bank, but both have made strides to gain regulatory trust. Octa holds one Tier-1 license, which signals a high level of trust, and one Tier-2 license, considered trusted. In comparison, iFOREX holds just one Tier-1 license and no Tier-2 licenses, focusing their efforts on a single, highly regarded regulatory approval.
In terms of trustworthiness, Octa and iFOREX have varying ratings according to ForexBrokers.com. Octa holds a Trust Score of 72, placing it in the average risk category, while iFOREX achieves a slightly higher score of 75, also categorized under average risk. Both brokers strive for transparency and reliability, yet iFOREX seems to inch forward slightly in trust rating, despite fewer licenses overall.
| Feature |
Octa
|
iFOREX
|
|---|---|---|
| Year Founded | 2011 | 1996 |
| 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 |
Comparing commissions and fees, Octa currently looks more competitive than iFOREX. Octa earns 4 out of 5 stars and ranks #30 of 63 brokers for Commissions and Fees at ForexBrokers.com, while iFOREX holds 3 out of 5 stars and ranks #62 of 63. Exact trading costs for both brokers can vary by account type and the regulatory entity where your account is opened.
Octa has improved its pricing and now keeps pace with many low-cost MetaTrader brokers. It reports no slippage on 97.5% of executed orders and no overnight carry costs, though certain rules can hinder high-frequency trading. Pricing depends on the entity: EU clients get a single MT5 account, while international clients can access MT4, MT5, and OctaTrader. Spreads also vary by entity—Octa lists an average 0.5 pips on EUR/USD in the EU versus 0.9 pips with its foreign entities. However, Octa does not provide a date range for its typical spread data, making precise comparisons less certain.
For iFOREX, average spread data is not available, which makes it harder to estimate total trading costs or compare spreads directly with peers. That limited pricing detail, reflected in its 3-star rating and #62 ranking for Commissions and Fees, means cost-conscious traders may find Octa easier to evaluate.
| Feature |
Octa
|
iFOREX
|
|---|---|---|
| Minimum Deposit | $25 | $100 |
| Average spread (EUR/USD) - Standard account | 0.9 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing Octa vs iFOREX for range of investments: iFOREX offers 750 tradeable symbols and 88 forex pairs, while Octa lists 300 symbols and 35 pairs. Both brokers support forex trading as CFDs or spot, and both offer cryptocurrency CFDs (not actual coins). Neither provides exchange-traded U.S. shares like Apple.
Octa stands out by offering certain international exchange-traded shares (not CFDs) and copy trading, while iFOREX lacks both. According to ForexBrokers.com, each earns 3.5 stars for Range of Investments; iFOREX ranks 42nd out of 63 brokers and Octa ranks 53rd. Choose iFOREX if you want more symbols and currency pairs, or pick Octa if access to some international shares and copy trading matters more.
| Feature |
Octa
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 300 | 750 |
| Forex Pairs (Total) | 35 | 88 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
Comparing Octa and iFOREX on trading platforms and tools, both brokers offer proprietary, web-based platforms and let you place trades directly from charts. Each earns 4 stars for Trading Platforms and Tools, yet Octa ranks higher (#38 of 63) than iFOREX (#55 of 63) on ForexBrokers.com. The key differences: Octa provides a free demo (paper) account, a Windows desktop platform, copy trading, plus access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5). iFOREX does not offer a demo account, copy trading, a Windows app, or MT4/MT5.
If you want MT4/MT5, desktop software, copy trading, and a risk-free demo to practice, Octa is the more feature-rich pick. If you prefer sticking to a proprietary, browser-based platform without those extras, iFOREX covers the basics and still supports trading straight from charts.
| Feature |
Octa
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 57 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Octa and iFOREX offer mobile trading apps for iPhone and Android, so you can trade on the go with either broker. The big difference is alerts and syncing: Octa supports price alerts for markets like forex, while iFOREX does not. Neither app syncs watchlists between mobile and the web platform, so any changes you make won’t carry over automatically.
Charting is where Octa pulls ahead. Octa’s app includes 30 technical studies, lets you draw trendlines, and saves your drawings automatically. iFOREX does not provide trendline drawing or autosave, and its list of technical studies isn’t available. Despite these gaps, both apps earned 4 out of 5 stars for Mobile Trading Apps. However, in ForexBrokers.com’s rankings out of 63 brokers, Octa placed #37 while iFOREX came in at #56, highlighting Octa’s stronger mobile feature set overall.
| Feature |
Octa
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | No |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
Comparing market research at Octa and iFOREX, both brokers provide daily market commentary and an economic calendar to track key events. Octa stands out for streaming forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, and it includes Autochartist tools for technical and fundamental insights. iFOREX, on the other hand, offers Trading Central analytics and a sentiment tool that shows the ratio of long vs. short positions—features Octa does not provide. iFOREX does not include top-tier news or Autochartist, and availability of TipRanks or Acuity Trading tools is not specified.
If you want institutional-grade news flow and Autochartist pattern scanning, Octa may be the better fit. If you prefer Trading Central signals and trader sentiment data, iFOREX could appeal. Based on ForexBrokers.com, Octa earns 4 out of 5 stars for research and ranks #27 of 63 brokers, while iFOREX earns 3.5 out of 5 stars and ranks #49.
| Feature |
Octa
|
iFOREX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central | No | Yes |
| Client sentiment data | No | Yes |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners seeking forex and CFD education, both Octa and iFOREX deliver a clear starting point. Each offers at least 10 beginner-friendly trading videos, covering essentials like market basics, charts, and risk management. Octa goes further with monthly online webinars, giving new traders a chance to learn live and ask questions, while iFOREX does not run regular educational webinars. Octa also provides 10+ advanced videos for when you’re ready to level up, whereas iFOREX’s video library doesn’t extend as deeply into advanced topics.
Independent ratings back up these differences: Octa scores 4 stars for Education and ranks #42 out of 63 brokers at ForexBrokers.com, while iFOREX earns 3.5 stars and ranks #53. If you want a learning path that includes live classes and room to progress into advanced material, Octa is the stronger fit. If you mainly want a library of beginner videos without webinars, iFOREX can cover the basics. Choose based on whether live webinars and advanced lessons matter to your study style.
| Feature |
Octa
|
iFOREX
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | 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 iFOREX. Octa finished with an overall rank of #47, while iFOREX finished with an overall rank of #52.
Octa offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform.
| Feature |
Octa
|
iFOREX
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 72 | 75 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Octa vs iFOREX: neither broker supports buying actual (delivered) cryptocurrency, but both provide access to cryptocurrency CFDs for speculative trading.
Comparing online brokers Octa vs iFOREX for deposits and withdrawals: Octa doesn’t support ACH/SEPA or PayPal but does allow Skrill and bank wire transfers, while iFOREX also lacks ACH/SEPA and, based on the information provided, has no specified details for PayPal, Skrill, Visa/Mastercard, or bank wire funding options.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Octa | iFOREX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 72 | 75 | |
| Winner | check_circle | ||
| Review | Octa Review |
| Broker Screenshots | Octa | iFOREX | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
| Regulation | Octa | iFOREX | |
|---|---|---|---|
| Trust Score | 72 | 75 | |
| Year Founded | 2011 | 1996 | |
| 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 | iFOREX | |
|---|---|---|---|
| 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) | |||
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| 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 | iFOREX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Octa | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 300 | 750 | |
| Forex Pairs (Total) | 35 | 88 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | iFOREX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.9 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Octa | iFOREX | |
|---|---|---|---|
| Minimum Deposit | $25 | $100 | |
| PayPal (Deposit/Withdraw) | No | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | Octa | iFOREX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No |
| Trading Tools | Octa | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Price Alerts | Yes | No | |
| Charting - Indicators / Studies (Total) | 30 | 57 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Octa | iFOREX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | No | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | Octa | iFOREX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central | No | Yes | |
| TipRanks | No | ||
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Octa | iFOREX | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Octa | iFOREX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Octa Review |
| Overall | Octa | iFOREX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 72 | 75 | |
| Winner | check_circle | ||
| Review | Octa Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill