Written by ForexBrokers.com
In this head to head comparison of RoboForex 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.
RoboForex and Octa are well-known online brokers that have been serving traders since 2009 and 2011, respectively. Both brokers are not publicly traded, nor are they banks, which is common among online trading platforms. They each hold one Tier-1 license, indicating a high level of trustworthiness. However, only Octa has a Tier-2 license, adding an extra layer of regulatory oversight.
When it comes to trust scores, RoboForex slightly edges out Octa with a score of 73 compared to 72 according to ForexBrokers.com. This places both brokers within the average risk category, suggesting they are reasonably safe choices for traders. However, their regulatory statuses and trust scores should be considered alongside other factors when making trading decisions.
| Feature |
RoboForex
|
Octa
|
|---|---|---|
| Year Founded | 2009 | 2011 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
RoboForex and Octa are two notable online brokers, each with unique structures for commissions and fees. RoboForex presents average spreads of 1.3 pips for the EUR/USD pair on its Procent and Pro accounts, which are considered relatively high. While customers might find these spreads substantial, the overview of their pricing setup places RoboForex with a 3.5-star rating in the commissions and fees category. Comparatively, RoboForex ranks at #55 out of 63 brokers as assessed by ForexBrokers.com.
In contrast, Octa has made significant progress in reducing costs, increasingly aligning itself with some of the most affordable MetaTrader brokers. Octa's pricing improvements are evident, especially when it claims no slippage on 97.5% of executed orders and no overnight carry costs, although with certain limitations for high-frequency traders. The average spread for the EUR/USD pair via Octa's EU entity is 0.5 pips, marginally lower than the foreign entities' 0.9 pips. This favorable cost structure has earned Octa a 4-star rating in commissions and fees, ranking it #29 among 63 brokers according to ForexBrokers.com.
Both brokers offer a range of account types that influence commissions and fees, largely based on regional regulatory requirements. European clients of Octa, for example, use the broker’s EU entity, providing access only to the MT5 platform, whereas international clientele have choices between MT4 and MT5, and OctaTrader with varied spread prices. Although the robustness of Octa’s spread claims is somewhat limited due to the lack of date reference, Octa's enhanced pricing strategy presents a competitive edge over RoboForex in terms of affordability for traders.
| Feature |
RoboForex
|
Octa
|
|---|---|---|
| Minimum Deposit | $100 | $25 |
| Average Spread EUR/USD - Standard | 1.3 | 0.9 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | 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 RoboForex and Octa based on their range of investments, both brokers offer forex trading as CFDs or spot contracts. RoboForex stands out with an impressive 8,400 tradeable symbols, significantly surpassing Octa's 300. Despite this, Octa offers a slightly broader selection in forex pairs with 35 compared to RoboForex's 28. While neither broker allows the purchase of exchange-traded securities on U.S. exchanges, Octa provides an advantage by offering access to international exchanges, enabling investments in companies like Vodafone on the London Stock Exchange, whereas RoboForex does not.
In terms of investment options beyond conventional securities, both brokers provide the choice to engage in copy trading and trade cryptocurrency derivatives, though neither offers the sale of physical cryptocurrencies. RoboForex receives a higher rating for its range of investments, with 4.5 stars compared to Octa's 3.5 stars, and ranks 20th out of 63 brokers on ForexBrokers.com, while Octa ranks 52nd. This indicates RoboForex's stronger standing in offering clients a wider variety of investment opportunities, making it an appealing choice for those seeking diverse trading options.
| Feature |
RoboForex
|
Octa
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8400 | 300 |
| Forex Pairs (Total) | 28 | 35 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| 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.
Both RoboForex and Octa provide traders with versatile options when it comes to trading platforms and tools. They each offer free virtual demo accounts, which is a great feature for beginners to practice trading without financial risk. RoboForex and Octa both support popular platforms like MetaTrader 4 and MetaTrader 5, ensuring a wide range of tools and resources for users. In terms of proprietary software, Octa sets itself apart by offering its own developed platform, while RoboForex does not. Nonetheless, both brokers offer comprehensive web-based and Windows-based desktop platforms.
For those interested in trading directly from charts and utilizing drawing tools, RoboForex and Octa both deliver similar experiences with the ability to trade from charts and 15 drawing tools available. Both also offer copy trading but lack integrations with platforms like DupliTrade and ZuluTrade. With seven columns available for watchlists, users can efficiently organize their preferred securities. Despite these similarities, Octa holds a slightly better position in rankings by ForexBrokers.com, securing the 37th position compared to RoboForex's 43rd, though both brokers achieve a respectable 4-star rating for their trading platforms and tools.
| Feature |
RoboForex
|
Octa
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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 | 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.
When it comes to mobile trading apps, both RoboForex and Octa offer comprehensive solutions for traders on the go. They provide apps compatible with both iPhone and Android devices, ensuring accessibility for users. Both platforms deliver essential features such as stock and forex price alerts, the ability to view multiple time frames on charts, and they automatically save chart drawings for added convenience. Each app boasts 30 technical studies for chart analysis and provides tools to draw trendlines, enhancing the trading experience. However, one limitation shared by both is the lack of watchlist symbol syncing, meaning any changes made on watchlists are not updated across the mobile and online accounts.
Creating a watchlist with real-time quotes is supported on both RoboForex and Octa's apps, providing users with up-to-date information crucial for making informed decisions. In terms of user ratings, both apps receive solid scores of four out of five stars, reflecting reliable performance and user satisfaction. According to ForexBrokers.com, Octa holds a marginally higher rank, placed at 36 out of 63 brokers, compared to RoboForex's position at 43. Despite this difference in rankings, both platforms deliver strong mobile app features, catering to traders who prioritize seamless and efficient mobile trading experiences.
| Feature |
RoboForex
|
Octa
|
|---|---|---|
| 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.
Both RoboForex and Octa provide essential resources for anyone seeking comprehensive market insights. They each offer daily market commentary and access to top-tier forex news from sources such as Bloomberg, Reuters, and Dow Jones. However, when it comes to specialized tools, their offerings diverge. Octa customers benefit from technical analysis and research tools provided by Autochartist, whereas RoboForex users do not have this option. Conversely, RoboForex provides tools from Trading Central, which Octa does not offer. Neither platform offers sentiment-based trading tools or market research from TipRanks, but RoboForex distinguishes itself with research tools from Acuity Trading, unlike Octa.
In terms of navigating global market events, both RoboForex and Octa are equipped with economic calendars displaying worldwide news events. Despite these similarities, there is a slight difference in their research capabilities ratings. Octa has a research rating of 4 stars and is ranked #27 out of 63 brokers by ForexBrokers.com, while RoboForex is slightly behind with a rating of 3.5 stars and a rank of #37. This makes Octa a slightly more preferred choice for those prioritizing research capabilities. Nonetheless, RoboForex still delivers valuable insights with its unique offerings in economic tools.
| Feature |
RoboForex
|
Octa
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, there's a clear difference between what RoboForex and Octa offer. Octa provides a rich collection of over 10 educational pieces focusing on forex and CFDs, which includes articles, videos, and archived webinars. It also hosts monthly online webinars and maintains a searchable archive of past sessions. Beginners will find over 10 videos specifically tailored to their learning needs, and even more advanced traders can benefit from an additional set of 10 educational videos. Octa further supports its clients with an extensive investor dictionary that explains over 50 investing terms, earning it a commendable 4-star rating in education and a #42 rank out of 63 brokers.
In contrast, RoboForex falls short in these educational offerings. It does not provide the minimum threshold of 10 educational materials focusing on forex or CFDs. The broker lacks regular online educational webinars, as well as a searchable archive of past sessions. Furthermore, RoboForex does not offer a sufficient number of beginner or advanced educational videos. The absence of an investor dictionary is also notable. Consequently, RoboForex receives a 3.5-star rating for its educational efforts and is ranked #56 in the education category by ForexBrokers.com, highlighting a gap in resources that beginners may find essential as they start their trading journey.
| Feature |
RoboForex
|
Octa
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that RoboForex is better than Octa. RoboForex finished with an overall rank of #46, while Octa finished with an overall rank of #47.
RoboForex (RoboMarkets in the EU) has amassed 12,000 symbols that you can trade across its MetaTrader and cTrader platforms, as well as a stock trading app. That said, with just a few regulatory licenses, the RoboForex and its RoboMarkets brands trail behind the best forex brokers when it comes to their Trust Score.
| Feature |
RoboForex
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Octa
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| Overall Rating |
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| Trust Score | 73 | 72 |
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Both RoboForex and Octa provide the option to trade cryptocurrency derivatives, but neither broker offers the ability to purchase actual, delivered cryptocurrencies.
RoboForex and Octa both support Visa, Mastercard, Skrill, and bank wire transfers for depositing or withdrawing funds, but RoboForex distinguishes itself by also offering ACH or SEPA transfers and PayPal, options that are not available with Octa.
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 | RoboForex | Octa | |
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| Trust Score | 73 | 72 | |
| Winner | check_circle | ||
| Review | RoboForex Review | Octa Review |
| Broker Screenshots | RoboForex | Octa | |
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| Regulation | RoboForex | Octa | |
|---|---|---|---|
| Trust Score | 73 | 72 | |
| Year Founded | 2009 | 2011 | |
| 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 | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | RoboForex | Octa | |
|---|---|---|---|
| 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) | RoboForex | Octa | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | RoboForex | Octa | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8400 | 300 | |
| Forex Pairs (Total) | 28 | 35 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| 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 | RoboForex | Octa | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.3 | 0.9 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | RoboForex | Octa | |
|---|---|---|---|
| Minimum Deposit | $100 | $25 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | RoboForex | Octa | |
|---|---|---|---|
| Proprietary Platform | No | 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 | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | RoboForex | Octa | |
|---|---|---|---|
| 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 | RoboForex | Octa | |
|---|---|---|---|
| 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 | RoboForex | Octa | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | RoboForex | Octa | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | RoboForex | Octa | |
|---|---|---|---|
| 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 | RoboForex Review | Octa Review |
| Overall | RoboForex | Octa | |
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| Trust Score | 73 | 72 | |
| Winner | check_circle | ||
| Review | RoboForex Review | Octa Review |
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