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 Spreadex and Octa in terms of commissions and fees, both brokers stand out for their competitive pricing strategies, earning them a commendable rating of 4 stars each. Spreadex offers an average spread of 0.81 pips for EUR/USD, as observed in January 2024, with a minimum spread of 0.6 pips occurring 60% of the time. Spreadex holds a solid position in the industry, ranking #27 out of 63 brokers in the Commissions and Fees category according to ForexBrokers.com.
Octa, on the other hand, has made significant strides in improving its pricing structure. Now a strong contender among the lowest-cost MetaTrader brokers, Octa offers an average spread of 0.5 pips for the EUR/USD pair under its EU entity and 0.9 pips for its foreign entities. Though Octa's spread claims lack a specified date range for consistent comparison, the broker compensates with notable benefits such as 97.5% of trades executed with no slippage and no overnight carry costs. Nevertheless, potential restrictions for high-frequency traders should be considered.
It's important to consider the account type and region-specific entity when evaluating Octa's commissions and fees, as these factors can impact cost. Despite these nuances, Octa ranks a close #29 out of 63 brokers in the same category, demonstrating its competitive edge in the market. Both brokers offer appealing options for traders mindful of costs, but your choice may ultimately depend on specific trading needs and geographical considerations.
| 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 offer forex trading, allowing traders to engage in financial markets through CFDs or spot contracts. However, their range of tradeable symbols significantly differs. Spreadex excels with an impressive 10,000 tradeable symbols, including 52 forex pairs, catering to a diverse trading strategy. In comparison, Octa offers a more limited selection with 300 tradeable symbols and 35 forex pairs, making it suitable for those focusing on a narrower set of investments.
When it comes to exchange-traded securities, both Spreadex and Octa do not provide direct access to U.S.-based stocks. However, Octa distinguishes itself by allowing investment in international exchange-traded securities, unlike Spreadex. Furthermore, Octa supports copy trading, offering additional flexibility for investors looking to mimic successful strategies, which is an option not available at Spreadex. Both brokers, while not offering purchases of actual cryptocurrency, provide access to cryptocurrency derivatives. Based on the range of investments available, Spreadex earns a higher rating, achieving 5 stars, while Octa garners 3.5 stars, reflecting their respective rankings of #13 and #52 among 63 brokers according to ForexBrokers.com.
| 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 the trading platforms and tools offered by Spreadex and Octa, both brokers provide free virtual demo accounts and proprietary platforms developed in-house. However, their offerings diverge in several key areas. Octa stands out with support for MetaTrader 4 (MT4) and MetaTrader 5 (MT5), as well as a Windows-based desktop platform, which Spreadex does not offer. While both brokers provide web-based trading platforms, Octa additionally supports copy trading, a feature absent from Spreadex. In terms of charting tools, Octa provides more drawing tools than Spreadex, offering 15 compared to Spreadex's 11, although neither broker supports DupliTrade or ZuluTrade.
Both Spreadex and Octa allow traders to execute trades directly from stock charts, enhancing user experience. Despite these similarities, they differ in their watch list capabilities; Spreadex offers eight fields for watch lists, while Octa provides seven. Each broker boasts a four-star rating for their trading platforms and tools, yet Octa is ranked slightly higher at 37th compared to Spreadex's 46th position out of 63 brokers reviewed by ForexBrokers.com. This makes Octa a strong contender for those who value a more extensive platform with additional features like copy trading and desktop accessibility.
| 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.
When comparing the mobile trading offerings of Spreadex and Octa, both brokers provide iPhone and Android apps, ensuring accessibility for users on popular platforms. Both apps deliver key features such as stock or forex price alerts and the ability to draw trendlines on charts, allowing users to stay informed and perform technical analysis efficiently. Users can view multiple time frames on charts with both apps, and create a watchlist with real-time quotes. However, neither app offers syncing for watchlists between the mobile application and the online account, a feature that can simplify tracking and trading across devices.
Octa's app stands out by providing 30 technical studies for charting, which can be beneficial for more detailed analysis, whereas no specific number is available for Spreadex. Another distinction is that Octa's app automatically saves chart drawings, adding a layer of convenience in terms of preserving your work. Despite these differences, both apps are rated 4 stars out of 5 for mobile trading. Nevertheless, Octa slightly edges out Spreadex with a higher ranking at #36 compared to Spreadex’s #46 out of 63 brokers according to ForexBrokers.com. For those who prioritize technical studies and saving capabilities in chart analysis, Octa may offer a slight advantage in its mobile experience.
| 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, two prominent online brokers, both deliver daily market commentary and forex news sourced from top-tier outlets like Bloomberg and Reuters. They also provide access to popular trading tools by Autochartist, aiding users with technical and fundamental analysis. However, while neither broker offers tools from Trading Central, when it comes to sentiment-based trading resources, Spreadex has the edge. Spreadex can offer insights into long and short positions across currency pairs, a feature that Octa lacks. Both brokers do not include market research from TipRanks or tools from Acuity Trading. Additionally, both brokers feature economic calendars to keep traders informed about current and upcoming global events.
In terms of ratings and rankings, Spreadex and Octa each receive 4 out of 5 stars for research capabilities. Nonetheless, Octa is slightly ahead in the ForexBrokers.com research category, holding a rank of #27 compared to Spreadex's #31 position out of 63 brokers. This ranking reflects a competitive edge for Octa, yet both brokers appear well-equipped to support investors with comprehensive research and analysis tools. Whether you're prioritizing sentiment analysis or a higher broker ranking for research, these factors might guide your choice between Spreadex and Octa.
| 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 it comes to educational resources for beginners, both Spreadex and Octa stand out by offering a wealth of materials focused on forex and CFDs. Each provides an impressive library of over 10 educational pieces, ranging from articles and videos to previously recorded webinars, aimed at helping new traders gain a strong foundation in trading. Additionally, beginners can benefit from over 10 specialized educational videos from each broker, tailored specifically for those starting their trading journey. Spreadex and Octa also equip users with an investor dictionary containing definitions of more than 50 key investing terms, making it easier to grasp complex concepts.
Despite having similar ratings of 4 stars for education, Spreadex and Octa differ in certain offerings. Octa has a noticeable edge with its regular monthly educational webinars and a searchable archive of past webinars, making it a convenient choice for learners who prefer live, interactive sessions. Furthermore, Octa provides a collection of advanced educational videos for more experienced traders, adding depth to its educational toolkit. Conversely, Spreadex does not offer these advanced materials or frequent webinars. When ranked by ForexBrokers.com, Octa holds a slightly higher position at #42 compared to Spreadex's #45 among 63 brokers, showcasing minor distinctions in their educational offerings.
| 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 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 #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
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Octa
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|---|---|---|
| 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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