Written by ForexBrokers.com
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.
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 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 it’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
|
Octa
|
|---|---|---|
| Year Founded | 2005 | 2011 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
Comparing commissions and fees, both MultiBank and Octa earn 4 out of 5 stars, but Octa ranks higher for cost overall (Octa: #30 of 63; MultiBank: #39 of 63). MultiBank’s pricing hinges on account type, with its ECN plan pairing the tightest spreads with a small $3 round‑trip commission per trade. Octa has sharpened its pricing in recent years and promotes no slippage on 97.5% of orders plus no overnight carry costs, though its exact average spreads are harder to verify because no date range is provided for the figures on its site.
MultiBank offers three accounts: Standard (from $50 minimum, higher spreads), Pro (from $1,000, lower spreads), and ECN (from $10,000, lowest spreads plus a $3 round‑trip commission). A notable non-trading cost is MultiBank’s $60 monthly inactivity fee once your account goes 90 days without trading. Overall, traders willing to meet the higher deposit on the ECN account tend to access MultiBank’s most competitive pricing.
Octa’s fees depend on which entity you use and the platform. In the EU there’s a single MT5 account, while international clients can choose MT4, MT5, or OctaTrader. Spreads vary by region: for example, the EU entity lists an average 0.5‑pip spread on EUR/USD versus 0.9 pips at its foreign entities, but without a published date range for these averages, like-for-like comparisons are limited. Octa also advertises no overnight carry costs and minimal slippage, though certain rules can restrict high‑frequency trading.
| Feature |
MultiBank
|
Octa
|
|---|---|---|
| Minimum Deposit | $50 | $25 |
| Average spread (EUR/USD) - Standard account | N/A | 0.9 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing the range of investments, MultiBank delivers broader market coverage with 1,042 tradeable symbols and 40 forex pairs, versus Octa’s 300 symbols and 35 pairs. Both brokers support forex trading via CFDs or spot contracts, and each offers copy trading for those who want to mirror other traders’ strategies.
When it comes to asset access, neither broker provides U.S.-listed exchange-traded shares (not CFDs). Octa does offer exchange-traded securities on select international exchanges, while MultiBank does not. For crypto, MultiBank lets you buy actual cryptocurrencies as well as trade crypto CFDs; Octa limits crypto to CFDs only. According to ForexBrokers.com, MultiBank is rated 4 stars and ranks 38th out of 63 for range of investments, while Octa is rated 3.5 stars and ranks 53rd.
| Feature |
MultiBank
|
Octa
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1042 | 300 |
| Forex Pairs (Total) | 40 | 35 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | Yes | No |
| Cryptocurrency (CFDs) | 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.
MultiBank and Octa line up closely on trading platforms and tools. Both brokers provide a free demo account for practice trading, a proprietary platform, and support for MetaTrader 4 (MT4) and MetaTrader 5 (MT5). You can trade on Windows desktop or directly in your browser with either broker, and both include copy trading. Each also lets you place trades straight from the chart, which can make timing your entries and exits simpler.
For ratings, both MultiBank and Octa earn 4 out of 5 stars for Trading Platforms and Tools. In ForexBrokers.com’s rankings out of 63 brokers, Octa sits slightly higher at #38, while MultiBank is #40. If you want near-matching features—with MT4/MT5, web and desktop access, copy trading, and chart trading—Octa holds a small edge in category ranking, but the choice may come down to which platform experience you prefer.
| Feature |
MultiBank
|
Octa
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 38 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
MultiBank and Octa both deliver capable mobile trading apps for iPhone and Android. You can set stock or forex price alerts, apply 30 built-in technical studies, draw trendlines, and have chart drawings auto-save, making it easy to pick up your analysis later on the same device.
The main difference is standing in industry rankings. ForexBrokers.com gives both apps 4 stars, yet Octa places higher at #37 out of 63 brokers, while MultiBank is #42. Note that neither app syncs watchlist symbols with your online account, so lists made on mobile won’t carry over to web. If editorial rankings matter to you, Octa has a slight edge; otherwise, their mobile feature sets are essentially the same.
| Feature |
MultiBank
|
Octa
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Comparing market research, Octa stands out with daily market commentary and access to Autochartist tools for technical and fundamental insights. Both Octa and MultiBank provide forex news from top-tier sources such as Bloomberg and Reuters, plus an economic calendar for tracking global events. Neither broker offers Trading Central, a sentiment tool, or TipRanks. Octa does not include Acuity Trading tools; MultiBank’s availability of Acuity Trading tools is not specified in the data provided.
For ratings, Octa earns 4 stars and ranks #27 out of 63 brokers for Research on ForexBrokers.com, while MultiBank holds 3.5 stars and ranks #50. If you value daily commentary and Autochartist, Octa is the better fit. If you mainly need headline news and a calendar without many extra research add-ons, MultiBank can cover the basics.
| Feature |
MultiBank
|
Octa
|
|---|---|---|
| Daily Market Commentary (Articles) | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | No | No |
| Client sentiment data | No | No |
| TipRanks | No | No |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing beginner education at MultiBank and Octa, both brokers deliver at least 10 beginner-friendly video lessons on trading, covering forex and CFDs. These videos help newcomers grasp basics like placing trades, managing risk, and using the platform. Octa goes further by hosting monthly online webinars where learners can ask questions live, and it also provides at least 10 advanced video lessons to support growth beyond the basics. MultiBank, by contrast, does not offer monthly webinars and does not match Octa’s depth for advanced topics.
Independent ratings reflect this gap: ForexBrokers.com rates MultiBank’s education 3.5 out of 5 stars (ranked 50th of 63), while Octa earns 4 out of 5 stars (ranked 42nd of 63). If you want a solid beginner video library and don’t need live classes, MultiBank can cover the essentials. If you prefer ongoing webinars and a clearer path from beginner to advanced learning, Octa is the stronger option.
| Feature |
MultiBank
|
Octa
|
|---|---|---|
| Webinars | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 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 broker’s market research offering is unimpressive and educational content is entirely absent; MultiBank’s poor performance in these important categories drags down its Overall rating.
| Feature |
MultiBank
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Octa
|
|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 72 |
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Online broker MultiBank lets you buy both actual (delivered) cryptocurrencies and cryptocurrency CFDs, whereas Octa offers only cryptocurrency CFDs and does not support purchasing delivered coins.
MultiBank vs Octa: MultiBank supports ACH/SEPA (Octa doesn’t); both offer Skrill and bank wire transfers; neither supports PayPal; Visa/Mastercard availability is unspecified for both.
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 | MultiBank | Octa | |
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| Trust Score | 84 | 72 | |
| Winner | check_circle | ||
| Review | MultiBank Review | Octa Review |
| Broker Screenshots | MultiBank | Octa | |
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| Regulation | MultiBank | Octa | |
|---|---|---|---|
| Trust Score | 84 | 72 | |
| Year Founded | 2005 | 2011 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | MultiBank | Octa | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | 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) | MultiBank | Octa | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | MultiBank | Octa | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1042 | 300 | |
| Forex Pairs (Total) | 40 | 35 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | Yes | No | |
| Cryptocurrency (CFDs) | 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 account | N/A | 0.9 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | MultiBank | Octa | |
|---|---|---|---|
| Minimum Deposit | $50 | $25 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | MultiBank | Octa | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | MultiBank | Octa | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 38 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | MultiBank | Octa | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | MultiBank | Octa | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | No | No | |
| Economic Calendar | Yes | Yes |
| Education | MultiBank | Octa | |
|---|---|---|---|
| Webinars | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes |
| Major Forex Pairs | MultiBank | Octa | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | MultiBank Review | Octa Review |
| Overall | MultiBank | Octa | |
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| Trust Score | 84 | 72 | |
| Winner | check_circle | ||
| Review | MultiBank Review | Octa Review |
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