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 and Octa are both reputable online brokers, with their foundations dating back to 1999 and 2011, respectively. Neither of these firms is publicly traded nor do they operate as banks. In terms of regulation, both brokers hold one Tier-1 license, reflecting a high degree of trust. Additionally, Octa holds one Tier-2 license, often regarded as trustworthy, whereas Spreadex does not have any Tier-2 licenses.
When it comes to trust ratings, as evaluated by ForexBrokers.com, Spreadex has a Trust Score of 71, placing it in the average risk category. Meanwhile, Octa has a slightly higher Trust Score of 72, also indicating an average risk level. These scores suggest they can be considered moderately reliable partners for online trading.
| 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 |
When comparing online brokers Spreadex and Octa in terms of commissions and fees, both offer competitive pricing with distinct features. Spreadex provides an average spread of 0.81 pips for the EUR/USD pair as of January 2024, with a consistent minimum spread of 0.6 pips occurring 60% of the time. This indicates a fairly stable and predictable fee structure for traders. Octa, on the other hand, has shown significant improvement in pricing, drawing closer to the lowest-cost options among MetaTrader brokers. Particularly noteworthy is Octa's performance in executing orders without slippage for 97.5% of trades, and the lack of overnight carry costs, although high-frequency traders may encounter restrictions.
The commissions and fees at Octa vary based on the account type and the specific regulatory entity. European traders are limited to a single MT5 account under the EU entity, while international clients can select from both MT4 and MT5 account options offered through South Africa or Octa's Mwali entity. Octa's spread pricing also changes with its regulatory entity, recording an average spread of 0.5 pips for the EUR/USD pair under its EU branch compared to 0.9 pips for international branches. However, Octa does not provide a date range for its spread data, which can limit the confidence in its pricing transparency.
Both Spreadex and Octa receive a four-star rating for their commissions and fees, as rated by ForexBrokers.com. In terms of ranking, Spreadex is positioned at #27, while Octa closely follows at #29 out of 62 brokers in the same category. This reflects their overall competitive offerings but also highlights areas for potential improvements, especially regarding pricing structure clarity and support for high-frequency trading.
| Feature |
Spreadex
|
Octa
|
|---|---|---|
| Minimum Deposit | $0 | $25 |
| Average Spread EUR/USD - Standard | 0.81 | 0.9 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Spreadex and Octa both cater to forex traders offering CFDs or spot contracts, but they differ significantly in the range of available investments. Spreadex boasts a larger selection with 10,000 tradeable symbols, including 52 forex pairs. This extensive offering has earned Spreadex a five-star rating and a commendable 13th place ranking from ForexBrokers.com in the Range of Investments category. In contrast, Octa provides 300 tradeable symbols and 35 forex pairs, resulting in a 3.5-star rating and a 52nd place ranking in the same category.
When it comes to stock trading, neither Spreadex nor Octa allows clients to purchase exchange-traded securities on U.S. exchanges like Apple shares. However, Octa does grant access to international exchanges, enabling users to invest in companies such as Vodafone. Additionally, Octa offers copy trading capabilities, which Spreadex does not, providing Octa users with an option to mimic the trades of successful investors. Both brokers allow the trading of cryptocurrency derivatives, but neither provides the ability to purchase actual cryptocurrencies. This comparison highlights Spreadex's broad range of investment options against Octa's more focused services with specialized features like international shares and copy trading.
| Feature |
Spreadex
|
Octa
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 300 |
| Forex Pairs (Total) | 52 | 35 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | No | 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 Spreadex and Octa for their trading platforms and tools, both brokers make it easy for beginners with free virtual demo accounts that help users practice without risking real money. Spreadex and Octa both offer proprietary platforms, showcasing their in-house capabilities. However, Octa stands out by offering Windows-based desktop downloads, in addition to web-based trading, whereas Spreadex relies solely on web platforms. Octa also offers popular platforms like MetaTrader 4 and MetaTrader 5, which Spreadex does not support. Copy trading is another area where Octa takes the lead, providing this feature while Spreadex does not. Both brokers allow traders to execute trades directly from stock charts, providing a seamless trading experience.
Charting tools are essential for technical analysis, and while both brokers offer a good range, Octa provides a slight edge with 15 drawing tools compared to Spreadex’s 11. Spreadex does offer more customization for watch lists with 8 fields, slightly outpacing Octa’s 7 fields. Both brokers are favorably rated with four stars each for their trading platforms and tools. However, when it comes to ranking, Octa sits higher at #37 out of 62 brokers according to ForexBrokers.com, compared to Spreadex's rank at #46. This suggests that while both provide solid tools, Octa may offer a more comprehensive package for those needing extensive platform features.
| Feature |
Spreadex
|
Octa
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 58 | 30 |
| Charting - Drawing Tools (Total) | 11 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Spreadex and Octa provide trading opportunities through their mobile apps for both iPhone and Android users, allowing convenient access to financial markets. Both apps include critical features such as stock and forex price alerts, enhancing traders’ ability to manage their investments on the go. However, neither offers watchlist symbol syncing, which means that updates to watchlists made on the mobile app do not automatically reflect on their online accounts.
Regarding charting capabilities, Octa stands out with 30 technical studies available for users to analyze market trends, while Spreadex’s offering in this area is unspecified. Both platforms allow drawing trendlines and accessing multiple time frames on charts, although only Octa saves these drawings automatically. Both apps let traders create watchlists with real-time quotes, supporting better decision-making on trades. Despite receiving an equal rating of four stars for their mobile trading apps, Octa ranks higher than Spreadex, securing the #35 spot compared to Spreadex's #46 in ForexBrokers.com's assessment.
| Feature |
Spreadex
|
Octa
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Spreadex and Octa both provide traders with valuable daily market commentary and access to forex news from respected sources like Bloomberg and Reuters. When it comes to technical analysis, both brokers offer tools from Autochartist, but neither provide resources from Trading Central. A distinguishing feature, however, is that Spreadex offers a sentiment-based trading tool, displaying long and short position ratios across various instruments, whereas Octa does not include this feature. While neither broker partners with TipRanks or Acuity Trading for additional research tools, they each provide an economic calendar to keep traders updated on global news events.
Despite their similar offerings, there are subtle differences in their research capabilities. Both Spreadex and Octa have been rated four out of five stars for their research by ForexBrokers.com. However, Octa is ranked slightly higher at 27th out of 62 brokers, compared to Spreadex’s rank of 31st. This suggests that Octa is perceived as offering slightly superior research resources, despite the similarities in their offerings. For traders interested in a comprehensive research setup, these insights highlight the strengths and limitations of each broker in providing market insights and analysis tools.
| Feature |
Spreadex
|
Octa
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources for beginners offered by online brokers Spreadex and Octa, it's clear that both platforms have dedicated efforts to support new traders. Both brokers provide a solid collection of at least ten pieces of educational content focused on forex and CFDs, including articles, videos, and on-demand webinars. Spreadex and Octa also offer a series of beginner-friendly videos designed to help new traders understand trading concepts. Additionally, both brokers feature an extensive investor dictionary with over fifty investing term definitions, aiding users in becoming familiar with the trading vernacular.
However, the two brokers differ in some areas. Octa offers monthly live webinars and maintains an archive of past webinars for users to revisit, a feature Spreadex does not provide. Furthermore, Octa goes beyond beginner education by offering advanced trading videos, while Spreadex focuses solely on content for less experienced traders. Despite these differences, both Spreadex and Octa receive a commendable four-star rating for their educational offerings, with Octa slightly ahead at rank #42 compared to Spreadex's rank #45 out of 62 brokers, according to ForexBrokers.com.
| Feature |
Spreadex
|
Octa
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Spreadex is better than Octa. Spreadex finished with an overall rank of #39, while Octa finished with an overall rank of #47.
Spreadex is an FCA-regulated broker in the UK, offering forex and CFDs, and is well known for its sports betting business, and proprietary web trading platforms. Spreadex still has considerable room to improve, in key categories such as research and education, compared to the best forex brokers.
| Feature |
Spreadex
|
Octa
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 72 |
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Both Spreadex and Octa do not provide the option to buy actual delivered cryptocurrencies, but they do offer the ability to purchase cryptocurrency derivatives.
In comparing the deposit and withdrawal options of online brokers Spreadex and Octa, neither supports ACH or SEPA transfers, nor PayPal; however, while both brokers accept Visa, Mastercard, and bank wires, only Octa offers Skrill as an additional payment method.
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 | 71 | 72 | |
| Winner | check_circle | ||
| Review | Spreadex Review | Octa Review |
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| Regulation | Spreadex | Octa | |
|---|---|---|---|
| Trust Score | 71 | 72 | |
| 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 (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| 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) | 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 | Spreadex | Octa | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 300 | |
| Forex Pairs (Total) | 52 | 35 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | No | 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 | Spreadex | Octa | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.81 | 0.9 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Spreadex | Octa | |
|---|---|---|---|
| Minimum Deposit | $0 | $25 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Spreadex | Octa | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Spreadex | Octa | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 58 | 30 | |
| Charting - Drawing Tools (Total) | 11 | 15 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | N/A | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Spreadex | Octa | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Spreadex | Octa | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Spreadex | 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 | Spreadex Review | Octa Review |
| Overall | Spreadex | Octa | |
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| Trust Score | 71 | 72 | |
| Winner | check_circle | ||
| Review | Spreadex Review | Octa Review |
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