Written by ForexBrokers.com
In this head to head comparison of Octa vs LegacyFX, 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.
Both Octa and LegacyFX are online brokers established in the early 2010s, with Octa founded in 2011 and LegacyFX following in 2012. Neither is publicly traded or operates as a bank, offering clients online trading services without the ties to a public exchange or banking. In terms of regulatory standing, both brokers hold one Tier-1 license, reflecting a high level of trust. Octa further distinguishes itself with an additional Tier-2 license, indicating extra layers of trust according to ForexBrokers.com.
When examining trust scores from ForexBrokers.com, Octa receives a score of 72, placing it in the average risk category. LegacyFX, on the other hand, scores slightly lower at 67, categorizing it as higher risk. These scores suggest that both brokers have room to enhance their trustworthiness, with Octa having a slight edge in terms of perceived safety for traders.
| Feature |
Octa
|
LegacyFX
|
|---|---|---|
| Year Founded | 2011 | 2012 |
| 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 cost-conscious than in prior years, while LegacyFX leaves more questions due to limited pricing transparency. Octa earns 4 stars and ranks #30 out of 63 brokers for Commissions and Fees on ForexBrokers.com. LegacyFX earns 3.5 stars and ranks #58 out of 63. Octa also highlights execution and financing perks — 97.5% of orders with no slippage and no overnight carry costs — though it has rules that can restrict high-frequency strategies.
At Octa, your costs depend on the account type and the entity where you open your account. EU clients use a single MT5 account, while international clients can choose MT4, MT5, or OctaTrader through its South Africa or Mwali entities. Spreads vary by region: the EU site lists an average 0.5-pip spread on EUR/USD versus 0.9 pips at its foreign entities. Octa does not publish a date range for these averages, which limits direct apples-to-apples comparisons, but overall pricing now competes with many low-cost MetaTrader brokers.
LegacyFX’s fees depend on both region and account tier. In the EU (CySEC), there are three accounts — Silver ($500 minimum), Gold ($5,000), and Platinum ($25,000). The Silver account carries notably higher costs, with minimum spreads starting as high as 1.6 pips on EUR/USD, and the broker does not publish average spreads. Internationally (Vanuatu), LegacyFX offers seven tiers — Standard ($500), Bronze ($1,000), Silver ($3,000), Gold ($5,000), Platinum ($10,000), Premium ($25,000), and VIP ($50,000) — where benefits like mentoring and access to the trading desk scale up, but again, no average spread data is provided to gauge typical trade costs.
| Feature |
Octa
|
LegacyFX
|
|---|---|---|
| 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 | 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.
Octa vs LegacyFX: both brokers support forex trading delivered as CFDs or spot, and both include copy trading. LegacyFX lists more tradeable symbols overall (425 vs. Octa’s 300) and offers more forex pairs (44 vs. 35). Each broker lets you trade cryptocurrency derivatives, but neither lets you buy actual crypto. Neither broker provides access to U.S.-listed stocks as real, exchange-traded shares (not CFDs). A key difference: Octa does offer real, exchange-traded international shares, while LegacyFX does not.
For Range of Investments, both earn 3.5 out of 5 stars. In ForexBrokers.com’s category ranking, LegacyFX places #49 of 63, while Octa comes in at #53. Choose Octa if you want access to international exchange-traded shares; pick LegacyFX if you prefer a larger catalog of CFD markets and more forex pairs.
| Feature |
Octa
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 300 | 425 |
| Forex Pairs (Total) | 35 | 44 |
| 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.
Comparing Octa vs LegacyFX on trading platforms and tools: both brokers provide free demo (paper) accounts, Windows desktop and web platforms, copy trading, MetaTrader 5 (MT5), trading directly from charts, 15 drawing tools for charting, and seven watch-list columns. Neither supports DupliTrade or ZuluTrade. Key differences: Octa offers a proprietary platform and supports MetaTrader 4 (MT4), while LegacyFX does not offer its own platform and lacks MT4.
For platform quality, Octa is rated 4 out of 5 stars and ranks #38 out of 63 brokers by ForexBrokers.com, whereas LegacyFX earns 3.5 stars and ranks #61. If you want MT4 or a broker-built platform alongside MT5, Octa is the better fit. If you only need MT5 with standard web and desktop access, both can work, but Octa holds a slight edge in overall tools and platform ratings.
| Feature |
Octa
|
LegacyFX
|
|---|---|---|
| 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 | No |
| 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.
Octa and LegacyFX both deliver capable mobile trading for iPhone and Android. Each app supports price alerts and lets you build watchlists with real-time quotes. Charting is similar on both: 30 technical indicators, the ability to draw trendlines, switch among intraday, daily, or weekly time frames, and drawings that autosave. One notable gap for both is watchlist syncing; changes you make on mobile do not sync to your web account.
For overall quality, Octa holds the edge. It earns 4 stars for Mobile Trading Apps versus LegacyFX’s 3.5 stars, and ranks 37th out of 63 brokers in ForexBrokers.com’s Mobile Trading Apps category, while LegacyFX sits at 62nd. If you want higher-rated mobile performance, Octa is the safer pick. If you already trade with LegacyFX, you’ll still get comparable charting and alerts, but expect fewer accolades and the same lack of watchlist syncing.
| Feature |
Octa
|
LegacyFX
|
|---|---|---|
| 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.
Octa and LegacyFX cover the essentials for market research. Both brokers publish daily market commentary and stream forex news from major sources such as Bloomberg, Reuters, or Dow Jones. Each includes Autochartist for technical or fundamental insights and offers an economic calendar to track key events. Neither provides Trading Central analytics or a sentiment tool that shows the ratio of long versus short positions.
Octa does not include TipRanks or Acuity Trading integrations, while LegacyFX’s support for TipRanks and Acuity Trading isn’t clearly stated. In independent evaluations, Octa earns 4 stars and ranks 27th out of 63 brokers for Research, while LegacyFX scores 3.5 stars and ranks 47th. If you want slightly stronger research coverage and ratings, Octa has the edge; if you only need the core features—news, commentary, Autochartist, and a calendar—both platforms deliver.
| Feature |
Octa
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both Octa and LegacyFX offer substantial support, ensuring that newcomers to forex and CFDs can access enough materials to build a solid foundation. Each platform provides over ten educational pieces, which include articles, videos, and archived webinars, all focusing primarily on forex or CFDs. Beginners also have access to monthly live webinars designed to enhance their learning experience, along with a searchable archive of recorded sessions for additional flexibility. Both brokers provide a collection of over ten beginner-focused videos on essential trading topics, catering specifically to new traders' needs.
Octa and LegacyFX extend their educational offerings beyond the basics, providing over ten advanced trading videos aimed at more seasoned traders looking to deepen their knowledge. Additionally, both platforms include an investor dictionary, featuring definitions of over 50 investing terms that help users comprehend complex financial jargon. Despite Octa receiving a slightly higher educational rating of 4 stars compared to LegacyFX's 3.5 stars, LegacyFX has a better standing in the educational rankings by ForexBrokers.com. Out of 63 brokers, LegacyFX holds the 35th position, while Octa is at the 42nd. Both brokers clearly place a significant emphasis on education, supporting traders of all levels.
| Feature |
Octa
|
LegacyFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
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 LegacyFX. Octa finished with an overall rank of #47, while LegacyFX 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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LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 72 | 67 |
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Both Octa and LegacyFX do not provide the option to purchase actual (delivered) cryptocurrency, but they both offer the capability to buy cryptocurrency derivatives.
Both Octa and LegacyFX do not support ACH or SEPA transfers, nor PayPal for deposits or withdrawals, but they both offer Skrill, Visa, Mastercard, and bank wire options for financial transactions.
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 | LegacyFX | |
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| Trust Score | 72 | 67 | |
| Winner | check_circle | ||
| Review | Octa Review | LegacyFX Review |
| Broker Screenshots | Octa | LegacyFX | |
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| Regulation | Octa | LegacyFX | |
|---|---|---|---|
| Trust Score | 72 | 67 | |
| Year Founded | 2011 | 2012 | |
| 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 | LegacyFX | |
|---|---|---|---|
| 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 | 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 | LegacyFX | |
|---|---|---|---|
| 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 | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 300 | 425 | |
| Forex Pairs (Total) | 35 | 44 | |
| 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 | LegacyFX | |
|---|---|---|---|
| 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 | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Octa | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $25 | $500 | |
| 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 | LegacyFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Octa | LegacyFX | |
|---|---|---|---|
| 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 | LegacyFX | |
|---|---|---|---|
| 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 | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Octa | LegacyFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Octa | LegacyFX | |
|---|---|---|---|
| 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 | LegacyFX Review |
| Overall | Octa | LegacyFX | |
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| Trust Score | 72 | 67 | |
| Winner | check_circle | ||
| Review | Octa Review | LegacyFX Review |
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