Written by ForexBrokers.com
In this head to head comparison of Octa vs IUX, 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, understanding their trustworthiness is essential. Octa, established in 2011, holds a Trust Score of 72 out of 99 according to ForexBrokers.com, categorizing it as average risk. It possesses one Tier-1 license, indicating a high level of trust, and one Tier-2 license, suggesting it is a trusted entity. Though privately held and not a bank, its regulatory credentials provide a fair degree of reliability.
On the other hand, IUX, founded in 2016, is also a privately held entity and not a bank. With a Trust Score of 69, it falls into the high-risk category. Lacking any Tier-1 licenses, IUX holds one Tier-2 license, placing it in a less favorable position compared to Octa. Investors seeking peace of mind may view Octa's regulatory standing as a more secure choice.
| Feature |
Octa
|
IUX
|
|---|---|---|
| Year Founded | 2011 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 0 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing online brokers Octa and IUX, it's important to look into their commission structures and fees. Octa has significantly improved its pricing model and is edging closer to some of the most affordable MetaTrader brokers. With no slippage on 97.5% of its orders and no overnight carry costs, Octa provides competitive options, although constraints exist for high-frequency traders. The commissions and fees are contingent on the client's chosen account type and corresponding regulatory entity, with European clients directed toward an EU entity offering just an MT5 account option and other international clients having additional options via South Africa and Mwali entities. The spread pricing varies, with the EU entity offering a slightly lower average for the EUR/USD pair at approximately 0.5 pips, compared to about 0.9 pips through foreign entities. Octa is rated 4 stars for commissions and fees and ranks #29 out of 63 brokers by ForexBrokers.com in this category.
IUX also provides diverse pricing options based on account type, catering to both casual and active traders. Their Standard accounts, which necessitate only a $10 minimum deposit, differ as Standard+ includes deposit bonus promotions at the expense of wider spreads, while the regular Standard account offers more favorable spreads without bonuses. For more invested traders, IUX presents the Raw and Pro accounts, requiring a $500 minimum deposit. The Raw account emphasizes minimal spreads but incurs a $6 commission per 100,000 units. Conversely, the Pro account is spread-only, balancing tighter spreads without any added commission. IUX's published average spreads, such as 0.7 pips for the Pro account and 0.9 pips for the Standard account, can be appealing, although they might not surpass industry leaders. IUX achieves a 4-star rating for commissions and fees, ranking #49 out of 63 brokers, indicating competitive but not revolutionary pricing.
Both Octa and IUX present flexible pricing structures, giving traders the ability to choose based on their trading strategies and activity level. While Octa is advancing in its fee structures, particularly for European clients, and ranks higher overall, IUX offers appealing low-entry accounts with strategic benefits, like deposit bonuses. Each broker holds a 4-star rating, suggesting strong competitiveness in their offerings despite some limitations and differentiators. Traders should evaluate the specific details and constraints of the available accounts to make the most cost-effective decision.
| Feature |
Octa
|
IUX
|
|---|---|---|
| Minimum Deposit | $25 | 10 |
| Average Spread EUR/USD - Standard | 0.9 | 0.9 |
| All-in Cost EUR/USD - Active | N/A | 0.6 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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 investment offerings of Octa and IUX, both online brokers provide similar options for trading forex. Each broker allows clients to trade forex as either a CFD or a spot contract. Octa boasts a wider range of tradeable symbols with 300 options, while IUX provides 152 symbols. When it comes to tradeable forex pairs, Octa offers a small edge with 35 pairs compared to IUX's 34 pairs. Neither broker provides access to U.S. exchange-traded securities, but both allow trading of international exchange-traded securities, enabling clients to invest in global companies like Vodafone.
For those interested in more tailored trading strategies, Octa supports copy trading, whereas IUX does not offer this feature. Both brokers provide the capability to trade cryptocurrency derivatives, but neither allows the purchase of actual cryptocurrencies. Despite these offerings, both brokers receive similar ratings for their range of investments, scoring 3.5 out of 5 stars. According to ForexBrokers.com, in the range of investments category, Octa is ranked 52nd, while IUX stands at 60th out of 63 brokers, indicating that there are more competitive options available in the market.
| Feature |
Octa
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 300 | 152 |
| Forex Pairs (Total) | 35 | 34 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms of Octa and IUX, both brokers offer a variety of options catered to traders' needs. Both Octa and IUX provide simulated trading through free virtual demo accounts, alongside proprietary platforms developed in-house. They also have Windows-based desktop download platforms and web-based browser trading platforms, giving traders flexibility in accessing the market. However, when it comes to copy trading, Octa has an edge by offering this feature, while IUX does not. Additionally, Octa supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), providing traders with widely recognized and popular trading interfaces. Conversely, IUX offers only MT5, limiting MetaTrader options for its users.
In terms of charting tools and customization, IUX shines with 89 available drawing tools, significantly more than Octa's 15. However, Octa allows trading directly from stock charts, much like IUX. For watch lists, IUX offers more customization with 46 fields compared to Octa's seven. Despite these differences, Octa scores slightly higher with a four-star rating for its trading platforms and tools, compared to IUX's 3.5 stars. Octa is ranked #37 out of 63 brokers by ForexBrokers.com in this category, showcasing a stronger performance than IUX, which is positioned at #59. Overall, while both brokers have similar offerings, Octa provides a more comprehensive range of trading features and support for popular platforms.
| Feature |
Octa
|
IUX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 106 |
| Charting - Drawing Tools (Total) | 15 | 89 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 46 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Octa and IUX offer convenient mobile trading apps for iPhone and Android users, ensuring access to trading features on the go. Octa stands out by providing real-time stock and forex alerts directly to your phone, a feature IUX currently lacks. However, when it comes to technical analyses, IUX offers a more extensive selection with 106 technical studies available, compared to Octa's 30. This makes IUX potentially more appealing for those who rely heavily on detailed chart analysis. Both brokers allow traders to create watchlists with real-time quotes, but neither offers the syncing feature that lets watchlists update between the mobile app and the online account.
Octa's app excels with features like the ability to draw trendlines and view multiple time frames on charts, offering flexibility in analyzing trades. This capability is not available with IUX. Additionally, both apps auto-save chart drawings, ensuring traders' notes and analyses are preserved. Octa outshines IUX in mobile app ratings, receiving 4 out of 5 stars compared to IUX's 3.5 stars. This is also reflected in their rankings by ForexBrokers.com, where Octa is ranked #35 out of 63 brokers, while IUX sits at #60. Overall, Octa offers a more refined experience for those prioritizing alerts and charting flexibility, whereas IUX may cater better to traders focused on in-depth technical studies.
| Feature |
Octa
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 106 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research tools, Octa stands out distinctly from IUX. Octa provides daily market commentary and delivers forex news from reputable sources like Bloomberg and Reuters. Additionally, it integrates technical analysis and fundamental research tools from Autochartist, which is absent in the offerings from IUX. Both platforms have an economic calendar for global news events, but Octa's overall research toolkit is notably superior. In contrast, IUX does not offer daily market commentary or news from top-tier sources, and it lacks the advanced research tools that many traders might seek.
In terms of overall quality, Octa has received a commendable 4-star rating for research, as opposed to IUX, which is rated 3 stars. This disparity is further highlighted by their rankings on ForexBrokers.com, where Octa is positioned at #27 out of 63 brokers, while IUX lags behind at #59. For traders prioritizing market research and insights, Octa evidently provides a more comprehensive and informative experience compared to IUX.
| Feature |
Octa
|
IUX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | No |
| 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 entering the world of trading, Octa stands out in several ways compared to IUX. Octa provides more than just the basics, offering a comprehensive suite of educational materials that include over 10 articles, videos, and archived webinars specifically focused on forex and CFDs. Moreover, they host monthly online webinars and maintain a searchable archive for easy access to previous topics. For newcomers, Octa offers plenty of beginner-focused videos, paving the way for a deeper understanding of trading. In contrast, IUX falls short on several fronts, particularly in their limited scope of educational materials and lack of regular webinars and archives.
Octa also caters to advanced traders with an array of educational videos designed for seasoned investors, which IUX does not match. Additionally, with an extensive investor dictionary boasting more than 50 terms, Octa ensures that traders have all the tools they need to decode complex market jargon. Rated four stars for their educational offering, Octa is ranked 42nd out of 63 brokers for education by ForexBrokers.com. Meanwhile, IUX, receiving a three-star rating, is positioned at 59th place, highlighting a significant gap between the two brokers in terms of empowering their clients with knowledge.
| Feature |
Octa
|
IUX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| 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 IUX. Octa finished with an overall rank of #47, while IUX finished with an overall rank of #63.
Octa offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform.
| Feature |
Octa
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IUX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 72 | 69 |
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Both Octa and IUX do not allow the purchase of actual delivered cryptocurrency, but each provides options for trading cryptocurrency derivatives.
Both Octa and IUX do not support ACH or SEPA transfers or PayPal for account funding, but they both offer Skrill, Visa or Mastercard, and bank wires as options for deposits and withdrawals.
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 | IUX | |
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| Trust Score | 72 | 69 | |
| Winner | check_circle | ||
| Review | Octa Review |
| Broker Screenshots | Octa | IUX | |
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| Regulation | Octa | IUX | |
|---|---|---|---|
| Trust Score | 72 | 69 | |
| Year Founded | 2011 | 2016 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 1 | 0 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Octa | IUX | |
|---|---|---|---|
| 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 | No |
| Tier-2 Licenses (Trusted) | Octa | IUX | |
|---|---|---|---|
| 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 | Octa | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 300 | 152 | |
| Forex Pairs (Total) | 35 | 34 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| 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). |
| Cost | Octa | IUX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.9 | 0.9 | |
| All-in Cost EUR/USD - Active | N/A | 0.6 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Octa | IUX | |
|---|---|---|---|
| Minimum Deposit | $25 | 10 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Octa | IUX | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Octa | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 46 | |
| Charting - Indicators / Studies (Total) | 30 | 106 | |
| Charting - Drawing Tools (Total) | 15 | 89 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Octa | IUX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 106 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | No |
| Research | Octa | IUX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Octa | IUX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Octa | IUX | |
|---|---|---|---|
| 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 | IUX | |
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| Trust Score | 72 | 69 | |
| Winner | check_circle | ||
| Review | Octa Review |
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