Octa vs IUX 2025
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.
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.
Founded in 2011, Octa offers a solid platform for online trading, benefiting from a Tier-1 license and a Tier-2 license, making it a reliable choice among traders. With a Trust Score of 72 from ForexBrokers.com, Octa is categorized as an average risk broker. It is not listed on any stock exchange nor operates as a bank, which is typical for many online brokers.
IUX, established in 2016, also provides a dependable trading experience, holding both a Tier-1 and a Tier-2 license. IUX boasts a slightly higher Trust Score of 78, placing it in the average risk category as well. Like Octa, it is not publicly traded and does not function as a bank. Both brokers offer promising options with competitive regulatory standings suited to different trading needs.
Feature |
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Year Founded | 2011 | 2016 |
Publicly Traded (Listed) | No | No |
Bank | No | No |
Tier-1 Licenses | 1 | 1 |
Tier-2 Licenses | 1 | 1 |
Tier-3 Licenses | 0 | 0 |
Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of online brokers Octa and IUX, both have unique structures and considerations for traders. Octa has significantly improved its pricing and now competes closely with the lowest-cost MetaTrader brokers. It boasts no slippage on 97.5% of orders and does not charge for overnight carry costs, though certain restrictions may affect high-frequency traders. Octa's pricing varies based on the account type and the regulatory entity, with European clients using its EU entity and international clients either the South African or the offshore entity in Mwali. Spreads are dependent on the regulating entity, with the EU entity offering slightly better rates than the international counterparts for the EUR/USD pair.
In contrast, IUX offers multiple account types including spread-only and commission-based options tailored for more active traders. The Standard accounts at IUX have a minimum deposit of $10, with the Standard+ supporting deposit bonus promotions but featuring wider spreads than the regular Standard account, which offers lower spreads without promotional bonuses. For active traders, the Raw and Pro accounts require a $500 deposit, with the Raw account advertising the lowest spreads at the cost of a $6 commission per 100,000 units traded. The Pro account maintains lower spreads without additional commissions, making it a viable option despite the relatively high competition among low-cost brokers.
Both Octa and IUX have received a four-star rating for their commissions and fees. However, Octa ranks higher at #29, compared to IUX's #48 out of 63 brokers as per ForexBrokers.com. When choosing between these brokers, traders should carefully consider the differences in spreads, commissions, and account structures that align with their trading strategies and preferences.
Feature |
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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 |
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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 |
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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.
When comparing the mobile trading apps of Octa and IUX, both platforms provide iPhone and Android versions with the convenience of creating watchlists featuring real-time quotes. Octa stands out by offering price alerts for stocks and forex, a feature missing on IUX. However, neither of the apps allows for syncing watchlist symbols with changes made online. IUX shines with its extensive offering of 106 technical studies for charting, while Octa offers 30. Both apps allow users to view different time frames on charts, and they automatically save any chart drawings. Additionally, whereas Octa enables drawing trendlines on charts, this feature isn't available with IUX.
In terms of user ratings, Octa scores slightly higher with four stars out of five for its mobile trading app, while IUX is rated at 3.5 stars. In rankings, Octa is positioned at #36 out of 63 brokers by ForexBrokers.com, whereas IUX is placed at #60, indicating a general preference for Octa among traders. Whether your priority is advanced technical analysis, as with IUX, or the added alert features and ease of chart drawing with Octa, there's a clear choice based on these specific preferences.
Feature |
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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 |
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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 |
|
|
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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 #55.
Octa offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform.
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Overall Rating |
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Trust Score | 72 | 78 |
Range of Investments |
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Commissions & Fees |
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Platforms & Tools |
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Research |
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Mobile Trading |
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Education |
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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 5Overall Rating | Octa | IUX | |
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Overall Rating |
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Platforms & Tools |
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Mobile Trading |
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Research |
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Education |
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Trust Score | 72 | 78 | |
Winner | check_circle | ||
Review | Octa Review |
Broker Screenshots | Octa | IUX | |
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Trading Platforms Gallery (click to expand) | |||
Mobile Trading Gallery (click to expand) | |||
Research Gallery (click to expand) | |||
Education Gallery (click to expand) |
Regulation | Octa | IUX | |
---|---|---|---|
Trust Score | 72 | 78 | |
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 | 1 | |
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 | Yes | |
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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Overall Rating |
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Commissions & Fees |
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Range of Investments |
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Platforms & Tools |
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Mobile Trading |
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Research |
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Education |
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Trust Score | 72 | 78 | |
Winner | check_circle | ||
Review | Octa Review |