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MultiBank vs Octa 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of MultiBank vs Octa, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

MultiBank
4/5 Stars Overall
  • Minimum Deposit: $50
  • Trust Score: 84
  • Tradeable Symbols (Total): 1042
Octa
4/5 Stars Overall
  • Minimum Deposit: $25
  • Trust Score: 72
  • Tradeable Symbols (Total): 300

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.

Regulation

Founded in 2005, MultiBank stands out in the online brokerage landscape with a ForexBrokers.com Trust Score of 84, placing it in the trusted category. MultiBank holds three top-tier licenses and an additional trusted Tier-2 license, supporting its credibility in the market. Although itโ€™s not publicly traded or a bank, MultiBank's regulatory framework contributes to its perceived trustworthiness among peer brokers.

In comparison, Octa, established in 2011, holds a Trust Score of 72, categorized as average risk by ForexBrokers.com. It possesses one highly trusted Tier-1 license, and like MultiBank, it has an additional Tier-2 license. Despite not being a public entity or a financial institution, Octa's regulatory profile offers moderate assurance to consumers. This distinction in trust scores and licenses helps investors understand the varying levels of perceived risk when choosing between these two brokers.

Feature MultiBank logoMultiBank
Octa logoOcta
Year Founded info 2005 2011
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 3 1
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 3 1

Fees

When it comes to commissions and fees, both MultiBank and Octa offer competitive options for forex and CFD trading, each with unique features. MultiBank provides three account types: Standard, Pro, and ECN. The Standard account requires a $50 minimum deposit but comes with higher spreads, making it more suitable for beginners. The Pro account, which necessitates a $1,000 deposit, offers lower spreads. For the lowest spreads, the ECN account is optimal, requiring a $10,000 deposit with a $3 round-trip commission per trade. However, be aware of the $60 per month inactivity fee after 90 days of no trading. MultiBank is rated 4 stars for commissions and fees and ranked #38 among 62 brokers by ForexBrokers.com.

On the other hand, Octa has made significant strides in reducing costs and is now competitive with some of the lowest-cost MetaTrader brokers. Octa offers different account types based on the regulatory entity, with EU clients having a slightly more favorable average spread on the EUR/USD pair at 0.5 pips, compared to 0.9 pips for other regions. It's important to note that Octa's spread figures do not include a date range, which may impact their reliability. Despite this, Octa is regarded positively, sharing a 4-star rating with MultiBank for its commissions and fees. It ranks higher at #29 out of 62 brokers according to ForexBrokers.com.

In comparing the two, both MultiBank and Octa have their strengths. MultiBank caters well to traders seeking minimal commissions on high-volume trades, while Octa's improved pricing structure makes it an attractive option for cost-conscious traders seeking low spreads. Ultimately, both brokerages hold a 4-star rating for their fees, with Octa slightly ahead in the rankings due to its recent improvements in pricing models.

Feature MultiBank logoMultiBank
Octa logoOcta
Minimum Deposit info $50 $25
Average Spread EUR/USD - Standard info N/A 0.9 info
All-in Cost EUR/USD - Active info N/A N/A
Active Trader or VIP Discounts info No No
ACH or SEPA Transfers info Yes No
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

When comparing the variety of investments offered by MultiBank and Octa, both brokers provide forex trading as a CFD or spot contract. However, MultiBank offers a more extensive range of tradeable symbols, with 1,042 symbols available compared to Octa's 300. Similarly, for those interested in forex pairs, MultiBank offers 40 tradeable forex pairs, while Octa provides 35. Both MultiBank and Octa do not offer exchange traded securities on U.S. exchanges, but Octa sets itself apart by allowing trading of international securities, such as Vodafone shares on the London Stock Exchange, which MultiBank does not offer.

In terms of cryptocurrency options, MultiBank provides the ability to purchase both actual (delivered) cryptocurrency and cryptocurrency derivatives, whereas Octa only allows for trading in cryptocurrency derivatives. For investors interested in using copy trading features, both brokers meet this need. The range of investments offered by MultiBank earns a 4-star rating, placing it at #37 in ForexBrokers.com's rankings, while Octa holds a slightly lower 3.5-star rating, ranking #52 among 62 brokers. Overall, MultiBank provides a broader array of investment opportunities compared to Octa.

Feature MultiBank logoMultiBank
Octa logoOcta
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1042 300
Forex Pairs (Total) info 40 35
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No Yes
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info Yes No
Cryptocurrency (Derivative) info 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.

Trading platforms and tools

When comparing the trading platforms and tools of MultiBank and Octa, both brokers demonstrate an impressive lineup of features that empower traders with user-friendly experiences. Both platforms offer simulated or paper trading through free virtual demo accounts, allowing users to practice and refine their strategies without financial risk. Each broker has developed its proprietary platform, catering to traders looking for in-house developed solutions. Additionally, both feature Windows-based desktop platforms and web-based options for those who prefer browser trading. The inclusion of popular trading platforms like MetaTrader 4 and MetaTrader 5 is standard with both brokers, offering robust charting capabilities and a comprehensive set of tools. While neither broker supports DupliTrade or ZuluTrade, they compensate by enabling functionalities such as direct trading from stock charts and provide a healthy mix of technical indicators and drawing tools.

For traders interested in copy trading, both MultiBank and Octa offer this service, reinforcing their appeal to a wide range of trading strategies. MultiBank provides 17 drawing tools for charting, slightly more than Octa's 15, while both offer seven columns for watch lists. Ratings from ForexBrokers.com show both brokers scoring four stars for their trading platforms and tools, reflecting their solid offerings in the market. In terms of ranking, though, Octa edges slightly ahead at #37 compared to MultiBank's #39 out of 62 brokers. Both brokers deliver a comprehensive and efficient set of trading tools, suitable for novice and experienced traders alike.

Feature MultiBank logoMultiBank
Octa logoOcta
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 38 30
Charting - Drawing Tools (Total) info 17 15
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 7 7
View More

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

When comparing the mobile trading apps of MultiBank and Octa, both platforms provide a similar set of features for trading on the go. Each offers an app for both iPhone and Android users, broadening accessibility. Traders can set up stock or forex price alerts through both apps, ensuring they never miss significant market movements. Synchronization of watchlist symbols, however, is not available on either platform, so changes made won't update across devices. When it comes to charting, both brokers offer a robust array of 30 technical studies and allow you to draw trendlines and view charts in multiple time frames such as daily, weekly, and intraday. Additionally, each app has the capability to auto-save drawings on charts, which enhances user efficiency.

Real-time quotes are a click away as both MultiBank and Octa allow the creation of watchlists with current prices. Despite sharing many features, user ratings and rankings differ slightly. Both apps have garnered a respectable 4 out of 5 stars; however, Octa holds a higher spot, ranked #35, compared to MultiBank, which is positioned at #41 out of 62 brokers on ForexBrokers.com. These subtle differences might sway a prospective user depending on their priority between user experience and features.

Feature MultiBank logoMultiBank
Octa logoOcta
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

When comparing market research offerings, MultiBank and Octa show some key differences that can guide your choice of broker. Octa delivers daily market commentary, providing traders with consistent insights, whereas MultiBank does not. Both brokers offer forex news from top-tier sources like Bloomberg and Reuters, ensuring you stay informed with quality information. In terms of technical tools, Octa includes resources from Autochartist, enhancing your potential for insightful analysis. However, neither platform provides tools from Trading Central, sentiment-based trading tools, market research from TipRanks, or tools from Acuity Trading's Signal Centre.

For traders who rely on an economic calendar, both MultiBank and Octa have you covered with detailed updates on global news events. Looking at overall research ratings, Octa has a slight edge with a 4-star rating, compared to MultiBank's 3.5 stars. This is reflected in their rankings by ForexBrokers.com, where Octa holds the 27th spot out of 62 brokers in the Research category, whereas MultiBank is placed at 49th. When deciding between these two brokers, consider your need for daily insights and technical tools to find the best fit for your trading strategy.

Feature MultiBank logoMultiBank
Octa logoOcta
Daily Market Commentary info No Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central (Recognia) info No No
Social Sentiment - Currency Pairs info No No
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

Both MultiBank and Octa provide educational resources for beginners looking to learn about forex and CFDs. Each platform offers a variety of educational materials, including at least 10 beginner-focused videos. However, while MultiBank and Octa both cater to new traders with accessible content, there are noticeable differences in their offerings. MultiBank does not host regular client webinars or provide a searchable archive of recorded sessions. In contrast, Octa not only offers monthly online webinars but also maintains an easily accessible archive of these sessions, which can be incredibly beneficial for students seeking to learn at their own pace. Furthermore, Octa provides a comprehensive investor dictionary with over 50 investing terms, which can be a valuable tool for users new to trading terminology.

In terms of catering to more experienced traders, Octa has a distinct edge, offering at least 10 advanced educational videos, a feature MultiBank lacks. According to ratings on ForexBrokers.com, Octa surpasses MultiBank in the education category, receiving a 4-star rating compared to MultiBank's 3.5 stars. Octa also ranks higher among brokers, positioned at #42 out of 62, while MultiBank trails at #50. These distinctions highlight Octa as a preferable choice for learners seeking comprehensive educational resources, especially those looking for structured, ongoing learning opportunities.

Feature MultiBank logoMultiBank
Octa logoOcta
Education (Forex or CFDs) info Yes Yes
Client Webinars info No Yes
Client Webinars (Archived) info No Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No Yes
Investor Dictionary (Glossary) info No Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 62 of the best forex brokers, our research and account testing finds that MultiBank is better than Octa. MultiBank finished with an overall rank of #40, while Octa finished with an overall rank of #47.

MultiBank Group, in operation since 2005, is home to numerous global brands and regulated in jurisdictions all over the world. A multi-asset broker, MultiBank offers forex and CFDs through the MetaTrader and cTrader platform suites (though not all markets are readily available) as well as underlying crypto assets via its regulated crypto exchange. On the negative side, the brokerโ€™s market research offering is unimpressive and educational content is entirely absent; MultiBankโ€™s poor performance in these important categories drags down its Overall rating.

Feature MultiBank logoMultiBank
Octa logoOcta
Overall Rating info 4/5 Stars 4/5 Stars
Trust Score info 84 72
Range of Investments 4/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with MultiBank or Octa?

When comparing online brokers MultiBank and Octa, MultiBank stands out for offering the ability to buy actual cryptocurrency, unlike Octa, though both platforms provide options for trading cryptocurrency derivatives.

What funding options does each broker offer?

MultiBank and Octa both support Visa, Mastercard, Skrill, and bank wires for fund deposits and withdrawals, but only MultiBank offers ACH or SEPA transfers, whereas neither broker provides a PayPal option.




announcementPlease note:

We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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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Compare

0 of 5
Overall Rating MultiBank Octa
Overall Rating info 4/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 4/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score info 84 72
Winner check_circle
Review MultiBank Review Octa Review
Broker Screenshots MultiBank Octa
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation MultiBank Octa
Trust Score info 84 72
Year Founded info 2005 2011
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes Yes info
Tier-1 Licenses info 3 1
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 3 1
Tier-1 Licenses (Highly Trusted) MultiBank Octa
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info No No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes Yes info
Tier-2 Licenses (Trusted) MultiBank Octa
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA/Central Bank Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments MultiBank Octa
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1042 300
Forex Pairs (Total) info 40 35
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No Yes
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info Yes No
Cryptocurrency (Derivative) info 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 MultiBank Octa
Average Spread EUR/USD - Standard info N/A 0.9 info
All-in Cost EUR/USD - Active info N/A N/A
Active Trader or VIP Discounts info No No
Inactivity Fee info Yes No
Execution: Agency Broker info No Yes
Execution: Market Maker info Yes Yes
Funding MultiBank Octa
Minimum Deposit info $50 $25
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info Yes No
Trading Platforms MultiBank Octa
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools MultiBank Octa
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 7
Charting - Indicators / Studies (Total) info 38 30
Charting - Drawing Tools (Total) info 17 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading MultiBank Octa
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Economic Calendar info Yes Yes
Research MultiBank Octa
Daily Market Commentary info No Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central (Recognia) info No No
TipRanks info No No
Social Sentiment - Currency Pairs info No No
Economic Calendar info Yes Yes
Education MultiBank Octa
Education (Forex or CFDs) info Yes Yes
Client Webinars info No Yes
Client Webinars (Archived) info No Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No Yes
Investor Dictionary (Glossary) info No Yes
Major Forex Pairs MultiBank Octa
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review MultiBank Review Octa Review
Overall MultiBank Octa
Overall Rating info 4/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 4/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score info 84 72
Winner check_circle
Review MultiBank Review Octa Review
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