Written by ForexBrokers.com
In this head to head comparison of Spreadex 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.
Spreadex vs Octa: regulation and trust. Spreadex (founded 1999) and Octa (founded 2011) are not publicly traded and are not banks. ForexBrokers.com rates Spreadex at 70/99 and Octa at 73/99 on its Trust Score—both considered average risk on that scale.
Each broker holds one Tier-1 license (viewed by ForexBrokers.com as highly trusted). Octa also holds one Tier-2 license (trusted), while Spreadex holds none. If you want a broker with an extra layer of licensing beyond Tier-1, Octa has the edge; otherwise, both carry similar trust assessments.
| Feature |
Spreadex
|
Octa
|
|---|---|---|
| Year Founded | 1999 | 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 | 0 | 1 |
Spreadex and Octa are both rated 4 out of 5 stars for commissions and fees, and they are close together in the ForexBrokers.com rankings, with Spreadex at No. 27 out of 36 brokers and Octa at No. 28. Spreadex posted an average EUR/USD spread of 0.81 pips in January 2024, with a minimum spread of 0.6 pips available 60% of the time during that month. That gives traders a clear, dated snapshot of its pricing.
Octa has improved its pricing a lot and now sits near some of the lowest-cost MetaTrader brokers. Its EUR/USD average spread is listed at 0.5 pips for EU clients and 0.9 pips for clients under its non-EU entities, but Octa does not give a date range for those spread figures, which makes a direct comparison harder. Octa also advertises no slippage on 97.5% of executed orders and no overnight carry costs, though some account rules can be less friendly for high-frequency traders.
Overall, Spreadex offers transparent recent spread data, while Octa may appeal to traders looking for low advertised pricing and no overnight carry costs. In simple terms, both brokers are competitive on fees, with Octa slightly ahead in ranking by one place, while Spreadex provides more clearly dated pricing information.
| Feature |
Spreadex
|
Octa
|
|---|---|---|
| Minimum Deposit | $0 | $25 |
| Average spread (EUR/USD) - Spread-only account | 0.81 | 0.9 |
| All-in Cost EUR/USD - Raw spread account | N/A | N/A |
| Non-wire bank transfer (Deposit/Withdraw) | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to range of investments, Spreadex gives traders a much wider selection than Octa. Spreadex offers around 10,000 tradeable symbols and 52 forex pairs, compared with Octa’s 300 symbols and 35 forex pairs. Both brokers let you trade forex as CFDs or spot contracts, and both offer cryptocurrency CFDs, but neither allows you to buy real, delivered crypto. Neither broker offers U.S.-listed exchange-traded shares as direct investments.
Octa does have a few extra features, including access to exchange-traded securities on international markets and copy trading, which Spreadex does not provide. Even so, Spreadex scores higher overall for range of investments, with a 5-star rating and a #13 ranking out of 36 brokers, while Octa holds a 3.5-star rating and ranks #35. For traders who want a broader market selection, Spreadex is the stronger choice.
| Feature |
Spreadex
|
Octa
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 300 |
| Forex Pairs (Total) | 52 | 35 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | 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). | 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.
Spreadex and Octa both give traders a free demo account, a web-based platform, a proprietary platform, and the ability to place trades directly from a chart. Each broker also earns a 4-star rating for trading platforms and tools, so both offer a solid starting point for beginners and active traders who want to test strategies or manage trades online.
The main difference is that Octa offers more platform choice and extra features. It supports a Windows desktop app, MetaTrader 4, MetaTrader 5, and copy trading, while Spreadex does not. In ForexBrokers.com’s ranking for this category, Octa places higher at #33 out of 36 brokers, compared with Spreadex at #37, which may make Octa the better pick for traders who want more tools and platform options.
| Feature |
Spreadex
|
Octa
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 58 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Spreadex and Octa both make it easy to trade on the go, with iPhone and Android apps, plus price alerts for stocks and forex. Each app also lets users draw trendlines on charts, but neither offers watchlist syncing between the mobile app and the online account. In overall mobile trading app ratings, both brokers score 4 out of 5 stars.
Where Octa pulls ahead is charting: its mobile app includes 30 technical studies and can auto-save chart drawings, while Spreadex does not list technical studies and does not save drawings automatically. That difference helps explain why Octa is ranked higher for mobile trading apps, placing #31 out of 36 brokers compared with Spreadex at #36.
| Feature |
Spreadex
|
Octa
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
Spreadex and Octa both give traders a similar set of market research tools. Each offers daily market commentary, forex news from major sources such as Bloomberg or Reuters, an economic calendar, and Autochartist tools for technical or fundamental ideas. Both also earn a 4-star rating for Research, which puts them on equal footing for the overall quality of their research offering.
The main difference is that Spreadex includes a sentiment tool showing the balance of long and short positions across markets, while Octa does not. On the other hand, Octa ranks slightly higher for Research at #25 out of 36 brokers, compared with Spreadex at #29, even though neither broker offers Trading Central, TipRanks, or Acuity Trading research tools.
| Feature |
Spreadex
|
Octa
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to beginner-friendly learning, both Spreadex and Octa give new traders a solid starting point. Each offers at least 10 beginner trading videos, and both earn 4 out of 5 stars for Education. Spreadex also provides forex and CFD learning material, but it does not run monthly educational webinars. Octa, on the other hand, does offer regular live educational webinars, which can be helpful for beginners who want more guided support.
For traders who want to keep learning after the basics, Octa has the edge. It offers at least 10 advanced educational videos, while Spreadex does not meet that mark. This difference also shows in their broader rankings: Octa is placed #34 out of 36 brokers for Education, compared with #36 for Spreadex. In simple terms, both brokers are useful for beginners, but Octa offers more ways to learn over time.
| Feature |
Spreadex
|
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 Spreadex is better than Octa. Spreadex finished with an overall rank of #33, while Octa finished with an overall rank of #37.
Spreadex is a U.K.-based broker best known for its multi-asset offering, including forex, CFDs, spread betting, and options, alongside access to the TradingView platform and solid research content.
| Feature |
Spreadex
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Octa
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| Trust Score | 70 | 73 |
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Spreadex vs Octa: Both online brokers do not support buying actual (delivered) cryptocurrency, but each offers cryptocurrency CFD trading for speculating on crypto prices.
Online brokers Spreadex and Octa both allow bank wire deposits and withdrawals; neither supports ACH/SEPA or PayPal; only Octa offers Skrill (Spreadex does not); and Visa/Mastercard availability is not specified for either.
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 | Spreadex | Octa | |
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| Trust Score | 70 | 73 | |
| Winner | check_circle | ||
| Review | Spreadex Review | Octa Review |
| Broker Screenshots | Spreadex | Octa | |
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| Regulation | Spreadex | Octa | |
|---|---|---|---|
| Trust Score | 70 | 73 | |
| Year Founded | 1999 | 2011 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Spreadex | Octa | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | Spreadex | Octa | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Spreadex | Octa | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 300 | |
| Forex Pairs (Total) | 52 | 35 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | 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). | 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 | Spreadex | Octa | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 0.81 | 0.9 | |
| All-in Cost EUR/USD - Raw spread account | N/A | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Spreadex | Octa | |
|---|---|---|---|
| Minimum Deposit | $0 | $25 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | No | No |
| Trading Platforms | Spreadex | Octa | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Spreadex | Octa | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 58 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Spreadex | Octa | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | N/A | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Spreadex | Octa | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Spreadex | Octa | |
|---|---|---|---|
| Webinars | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes |
| Major Forex Pairs | Spreadex | Octa | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| Review | Spreadex Review | Octa Review |
| Overall | Spreadex | Octa | |
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| Trust Score | 70 | 73 | |
| Winner | check_circle | ||
| Review | Spreadex Review | Octa Review |
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