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 both earn 4 stars for commissions and fees, with Spreadex ranked #25 out of 36 brokers and Octa ranked #26 out of 36 by ForexBrokers.com. On price alone, the two are very close, but Spreadex has the clearer recent spread data: in January 2024, its average EUR/USD spread was 0.81 pips, while the minimum spread hit 0.6 pips 60% of the time during the month.
Octa has made major progress on pricing and is now competing more closely with 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 non-EU entities, though Octa does not provide a date range for that spread data, which makes a direct comparison harder. Octa also advertises no slippage on 97.5% of executed orders and no overnight carry costs, but some account restrictions may be less appealing for active or high-frequency traders.
In simple terms, Spreadex stands out for having transparent, recent spread figures, while Octa offers attractive pricing in some account setups and no overnight financing charges. If low trading costs are your top priority, both brokers are competitive, but Octa’s pricing can vary more depending on where your account is opened and which platform you use.
| Feature |
Spreadex
|
Octa
|
|---|---|---|
| Minimum Deposit | $0 | $25 |
| Average spread (EUR/USD) - Standard account | 0.81 | 0.9 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | 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 offers a wider selection than Octa. Spreadex provides access to about 10,000 tradeable symbols and 52 forex pairs, while Octa lists around 300 tradeable symbols and 35 forex pairs. Both brokers let you trade forex as a CFD or spot contract, and both offer cryptocurrency CFDs, but neither lets you buy actual cryptocurrency or U.S.-listed shares as real, exchange-traded securities.
Octa does have a few features Spreadex does not, including access to exchange-traded securities on international exchanges and copy trading. Still, Spreadex scores higher overall in this category, with 5 out of 5 stars and a #13 ranking for Range of Investments, compared with Octa’s 3.5 stars and #33 ranking out of 36 brokers. For traders looking for the broader market choice, Spreadex has the edge, while Octa may appeal to those who want copy trading and international shares.
| 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 browser-based platform, a built-in trading platform, and the ability to place trades directly from charts. Each broker also earns the same 4 out of 5 stars for trading platforms and tools, so they are closely matched in overall usability. The main difference is that Spreadex keeps things simpler, while Octa offers more platform choice for traders who want extra features.
Octa stands out for its Windows desktop platform, copy trading, and support for MetaTrader 4 and MetaTrader 5, which may appeal to traders who want more ways to analyze markets and follow others. Spreadex does not offer these options, but it may suit users who prefer a more straightforward setup. In ForexBrokers.com’s Trading Platforms and Tools category, Octa ranks higher at #30 out of 36 brokers, compared with Spreadex at #34.
| 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 offer mobile trading apps for iPhone and Android, and each includes price alerts plus the ability to draw trendlines on charts. Both apps are rated 4 out of 5 stars for mobile trading, so neither broker has a clear edge on overall user rating. However, Octa ranks slightly higher in ForexBrokers.com’s mobile trading apps category, coming in at #29 out of 36 brokers, while Spreadex is ranked #33.
Where Octa pulls ahead is charting: its mobile app includes 30 technical studies and can auto-save chart drawings, which makes it easier to pick up where you left off. Spreadex does not list technical studies for its mobile app and does not auto-save drawings. On the other hand, neither broker offers watchlist syncing between the mobile app and online account, so changes made in one place will not automatically carry over to the other.
| 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 useful set of market research tools. Each one offers daily market commentary, forex news from leading sources like Bloomberg and Reuters, an economic calendar, and Autochartist tools for chart and pattern analysis. Both are also rated 4 out of 5 stars for research, which puts them in a similar range for overall quality. In ForexBrokers.com’s research ranking, Octa comes in slightly higher at #24 out of 36, while Spreadex is ranked #27 out of 36.
The main difference is that Spreadex includes a sentiment tool showing the split between long and short positions across markets, while Octa does not. Neither broker offers Trading Central, TipRanks, or Acuity Trading research tools. For most everyday traders, the two brokers look evenly matched on research, but Spreadex has the edge if sentiment data is important to you, while Octa has the better research rank overall.
| 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 tools, both Spreadex and Octa offer at least 10 videos that cover trading basics, so new traders have some helpful starting points either way. Spreadex also earns a 4-star Education rating, while Octa matches that 4-star score. In ForexBrokers.com’s Education ranking, Octa places slightly higher at #32 out of 36 brokers, compared with Spreadex at #33.
The bigger difference shows up in the broader range of learning content. Octa offers forex or CFDs education with enough material to meet the 10-piece benchmark, and it also provides monthly educational client webinars plus at least 10 advanced videos for more experienced traders. Spreadex does not offer monthly educational webinars and does not reach the 10-video mark for advanced trading topics, which may make Octa the better pick for beginners who want room to keep learning as they gain experience.
| 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 #32, while Octa finished with an overall rank of #34.
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) - Standard account | 0.81 | 0.9 | |
| All-in Cost EUR/USD - Active | 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 | 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 Watchlist [DELETED] | |||
| 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 | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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