Written by ForexBrokers.com
In this head to head comparison of Octa vs Libertex (Forex Club), 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 the regulatory aspects of online brokers Octa and Libertex (Forex Club), both platforms offer a certain level of trustworthiness in the competitive trading industry. Octa was established in 2011 and holds one Tier-1 license, which is considered highly trusted, and one Tier-2 license, deemed trusted. Libertex, founded earlier in 1997, also holds one Tier-1 license but does not possess a Tier-2 license. Neither company is publicly traded nor operates as a bank, providing a similar landscape concerning their establishment and operational dynamics.
In terms of trustworthiness, based on ForexBrokers.com's Trust Score, Octa scores 72, indicating an average risk, while Libertex scores slightly higher at 73, also portraying average risk. Despite the close ratings, users might lean toward Libertex for a marginally higher score, while Octa's additional Tier-2 license could appeal to those prioritizing regulatory oversight. Both brokers present viable options, offering different strengths to consider for potential traders.
| Feature |
Octa
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 2011 | 1997 |
| 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 | 0 |
Octa has made significant strides in optimizing its pricing structure, now emerging as a strong competitor among the lowest-cost MetaTrader brokers. Notably, Octa offers the benefit of no slippage on 97.5% of its executed orders and eliminates overnight carry costs, though some restrictions may affect high-frequency traders. The fees and commissions at Octa vary based on the account type and the regulatory entity overseeing the account, with European clients using the EU entity and international clients either the South African or Mwali offshore entities. Octa's average spread, especially for the EUR/USD pair, can be as low as 0.5 pips under its EU entity, marking a potential advantage over the 0.9 pips at its foreign entities. However, a lack of date-referenced spread data diminishes the weight of these figures. Octa earns a 4-star rating and ranks 29th out of 63 brokers for its commissions and fees.
In contrast, Libertex (Forex Club) lacks available data on average spreads, making a direct comparison of pricing details difficult. Despite this, its place in the commission and fees landscape is less favorable compared to its peers. Libertex is awarded a 3-star rating and is ranked substantially lower, at 62nd out of 63 brokers, according to ForexBrokers.com.
Overall, while both brokers offer unique advantages to traders, Octa shows a more competitive edge in its fee structure with a higher star rating and ranking in the category of commissions and fees. Its commitment to improving pricing and reducing costs such as slippage and overnight carry positions it well against competitors. On the other hand, Libertex would benefit from more transparent spread information and improved ranking to stand out more distinctly in the competitive landscape of online trading.
| Feature |
Octa
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $25 | $10 |
| 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 | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Octa and Libertex (Forex Club) for their investment offerings, both platforms provide opportunities to trade forex as CFDs or spot contracts, offering the same total of 300 tradeable symbols. However, Octa has a smaller selection of tradeable forex pairs, offering 35 compared to Libertex's 51. Neither broker provides the option to invest in exchange-traded securities on U.S. exchanges, but Octa does allow clients to buy shares on international exchanges, giving it a slight edge in that regard. Both brokers provide options for copy trading and facilitate trading in cryptocurrency derivatives, although neither allows buying the actual digital currency.
Despite their varied offerings, both Octa and Libertex (Forex Club) share the same 3.5-star rating for their range of investments. This parity extends to their close rankings by ForexBrokers.com, with Octa slightly ahead at #52 while Libertex follows at #53 out of 63 brokers. These ratings suggest that both platforms offer comparable investment options, catering to traders looking for diversified yet straightforward opportunities. Whether choosing Octa for its international exchange offerings or Libertex for its broader forex pair selection, traders can find suitable investment paths on either platform.
| Feature |
Octa
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 300 | 300 |
| Forex Pairs (Total) | 35 | 51 |
| 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 comparing the online trading platforms and tools offered by Octa and Libertex (Forex Club), both brokers present a variety of options for traders. Each provides a free virtual demo account, making them accessible to beginners looking to practice without financial risk. Both Octa and Libertex offer proprietary trading platforms developed in-house, along with a Windows-based desktop download and a web-based browser option. They accommodate copy trading and support the popular MetaTrader 4 (MT4) platform. However, Octa extends its offerings with MetaTrader 5 (MT5), a feature not available with Libertex. While neither broker supports DupliTrade or ZuluTrade, they both allow trading directly from stock charts.
In terms of tools, Octa and Libertex provide unique strengths. Octa offers 15 drawing tools for charting, whereas Libertex provides a robust 30, catering to traders who require advanced charting capabilities. Both brokers have 7 columns available for watch lists, facilitating personalized tracking of market data. Rated four stars for their trading platforms and tools, Octa and Libertex cater to a wide range of trading needs. Despite these similarities, their rankings differ, with Octa securing the 37th spot out of 63 brokers evaluated by ForexBrokers.com, while Libertex holds the 50th position. Thus, users may find Octa slightly more favorable if ranking is of significance to their decision-making process.
| Feature |
Octa
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 15 |
| Charting - Drawing Tools (Total) | 15 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Octa and Libertex (Forex Club), both brokers cater to iPhone and Android users, allowing traders to access their platforms on the go. Both apps feature essential tools such as stock and forex price alerts, 30 technical studies for charting, and the ability to draw trendlines and view multiple time frames on charts. While Octa provides automatic saving of chart drawings, Libertex does not include this feature. However, Libertex does support watchlist symbol syncing, allowing changes made in the mobile app and online account to sync seamlessly, a feature absent in Octa's mobile app.
For real-time trading, both apps allow users to create watchlists with live quotes. Despite both brokers being rated 4 stars for their mobile trading apps, their rankings by ForexBrokers.com differ. Octa holds a higher position at 36 out of 63 brokers, while Libertex is ranked at 49. This comparison highlights the trade-offs between the two, with Octa offering a slightly higher app ranking but lacking sync capabilities available in Libertex's app.
| Feature |
Octa
|
Libertex (Forex Club)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Octa and Libertex (Forex Club) in terms of market research offerings, several factors stand out. Octa provides daily market commentary, making it a valuable resource for traders looking to keep abreast of the latest market insights. Both Octa and Libertex extend access to forex news from reputable sources like Bloomberg and Reuters. However, Octa offers additional technical analysis tools from Autochartist, which Libertex does not. Neither broker provides access to Trading Central tools, sentiment-based trading tools, or market research from TipRanks and Acuity Trading. Both brokers feature economic calendars to keep traders informed about significant global news events.
In terms of ratings, Octa edges out with a research score of 4 stars compared to Libertex's 3 stars. Reflecting this, Octa is ranked higher by ForexBrokers.com, placing 27th out of 63 brokers, while Libertex stands at 61st. Overall, traders looking for a more comprehensive research offering might find Octa better suited to their needs, especially with its additional resources like daily market commentary and Autochartist tools.
| Feature |
Octa
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| 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, both Octa and Libertex (Forex Club) provide at least ten pieces of educational content focusing on forex and CFDs. However, Octa stands out by offering monthly webinars designed to help clients learn in real-time, along with access to a searchable archive of previously recorded webinars—a feature not available with Libertex. For beginners looking for video content, Octa excels with more than ten educational videos specifically for novice traders, whereas Libertex does not provide a similar offering.
In addition to beginner resources, Octa and Libertex both offer advanced educational videos for seasoned traders. However, Octa goes the extra mile by including an investor dictionary containing definitions for over 50 investment terms, a resource that Libertex currently lacks. With an education rating of 4 out of 5 stars compared to Libertex's 3 stars, Octa is ranked higher at #42 versus Libertex's #57 out of 63 brokers by ForexBrokers.com, making Octa a more comprehensive option for educational tools aimed at new traders.
| Feature |
Octa
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | Yes |
| 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 Libertex (Forex Club). Octa finished with an overall rank of #47, while Libertex (Forex Club) finished with an overall rank of #61.
Octa offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform.
| Feature |
Octa
|
Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 72 | 73 |
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Both Octa and Libertex (Forex Club) do not offer the ability to buy actual delivered cryptocurrencies, but they both provide options for trading cryptocurrency derivatives.
While both Octa and Libertex (Forex Club) support Skrill and bank wire transfers for depositing and withdrawing account funds, Libertex stands out with additional options such as ACH, SEPA, and PayPal transfers, whereas Octa offers Visa and Mastercard services that Libertex does not.
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 | Libertex (Forex Club) | |
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| Trust Score | 72 | 73 | |
| Winner | check_circle | ||
| Review | Octa Review |
| Broker Screenshots | Octa | Libertex (Forex Club) | |
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| Regulation | Octa | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 72 | 73 | |
| Year Founded | 2011 | 1997 | |
| 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 | 0 |
| Tier-1 Licenses (Highly Trusted) | Octa | Libertex (Forex Club) | |
|---|---|---|---|
| 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 | Libertex (Forex Club) | |
|---|---|---|---|
| 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 | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 300 | 300 | |
| Forex Pairs (Total) | 35 | 51 | |
| 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 | Libertex (Forex Club) | |
|---|---|---|---|
| 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 | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $25 | $10 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Octa | Libertex (Forex Club) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Octa | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 15 | |
| Charting - Drawing Tools (Total) | 15 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Octa | Libertex (Forex Club) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Octa | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Octa | Libertex (Forex Club) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Octa | Libertex (Forex Club) | |
|---|---|---|---|
| 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 | Libertex (Forex Club) | |
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| Trust Score | 72 | 73 | |
| Winner | check_circle | ||
| Review | Octa Review |
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