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 the commissions and fees of Spreadex and Octa, both brokers offer competitive rates, each with its own strengths. Spreadex provides an average spread of 0.81 pips for EUR/USD as seen in January 2024, along with a minimum spread of 0.6 pips achieved 60% of the time throughout that month. These competitive spreads have earned Spreadex a commendable 4-star rating for commissions and fees, ranking it 30th out of 62 brokers according to ForexBrokers.com.
Octa, on the other hand, has made significant strides toward better pricing. Although there have been issues with pricing historically, the broker now garners attention for having no slippage on 97.5% of executed orders and no overnight carry costs. Octa's spread pricing varies by entity, with their EU entity offering an average spread of 0.5 pips for EUR/USD, which is slightly more favorable than the 0.9 pips average spread by its international entities. Despite these improvements, it's important to note that Octa does not provide a date range for its spread data, slightly affecting transparency. Like Spreadex, Octa also earns a 4-star rating for commissions and fees, but ranks slightly higher at 28th among 62 brokers.
Both brokers deliver cost-effective trading options, though customer experience could depend on specific trading needs, including account type and geographical entity. While Spreadex maintains consistent low spreads, Octa stands out with its slippage control and lack of carry costs, appealing more to certain traders despite some limitations on transparency and conditions 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.
When comparing the investment offerings of Spreadex and Octa, it's clear that Spreadex provides a wider variety. Spreadex features 10,000 tradeable symbols, which significantly outpaces Octa's offering of just 257. For forex enthusiasts, Spreadex also leads with 52 tradeable forex pairs as opposed to Octa's 35. Both brokers offer forex trading as CFDs or spot contracts, and you can explore cryptocurrency derivatives with either platform, but they do not provide direct cryptocurrency buying options.
It's important to note that Spreadex and Octa have different focuses when it comes to other investment tools. While neither offers U.S. exchange-traded securities like Apple shares, Octa allows access to international stocks like Vodafone, a feature not available with Spreadex. Additionally, Octa supports copy trading, which can appeal to traders looking to mimic successful strategies. In terms of overall satisfaction with the range of investments, Spreadex is more highly rated with 5 stars compared to Octa's 3.5, and is ranked 13th by ForexBrokers.com, far ahead of Octa's 52nd place ranking.
| Feature |
Spreadex
|
Octa
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 257 |
| 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.
When considering mobile trading apps, both Spreadex and Octa cater to iPhone and Android users, providing flexibility for traders on the go. Both apps offer price alerts for stocks and forex, ensuring users can stay informed about market movements. Additionally, traders can draw trendlines and view different time frames on charts in both apps, enhancing the overall trading experience. However, a notable difference is that Octa's app automatically saves chart drawings, whereas Spreadex lacks this feature. This could be a deciding factor for traders who prioritize efficiency and ease of use during technical analysis.
On the downside, neither Spreadex nor Octa offers watchlist symbol syncing between the mobile app and online accounts, which might be a limitation for those who frequently switch devices. In terms of technical studies available for charting, Octa stands out with 30 options, which can be particularly beneficial for data-driven traders. Both apps allow the creation of watchlists with real-time quotes, keeping users updated on their preferred assets. Despite both receiving four-star ratings, Octa holds a better position at #36 compared to Spreadex's #49 in the ForexBrokers.com ranking among 62 brokers. This distinction may influence users who place importance on industry standings.
| 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.
Both Spreadex and Octa provide traders with comprehensive market insights, offering daily market commentary and forex news from reputable sources like Bloomberg, Reuters, and Dow Jones. They each incorporate tools such as Autochartist for technical and fundamental analysis. However, when it comes to sentiment-based trading tools, Spreadex stands out by offering a feature that displays the ratio of long or short positions across various instruments. In contrast, Octa does not have this sentiment analysis tool in their lineup. Unfortunately, neither broker integrates resources from TipRanks or Acuity Trading, such as Signal Centre, within their platforms.
Furthermore, both brokers offer an economic calendar that highlights crucial current and upcoming global news events, making it easier for traders to stay informed. When considering research ratings, Spreadex and Octa each earn a strong four-star review for their research offerings. Yet, Octa holds a slightly better rank at 26th compared to Spreadex's 31st place among 62 brokers evaluated by ForexBrokers.com. This distinction underscores slight differences in their market research capabilities and user perceptions, although both brokers deliver well-rounded services overall.
| 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 educational resources for beginners between Spreadex and Octa, both brokers provide a substantial range of materials that include articles, videos, and webinars focused on forex and CFDs. Each broker meets the necessary benchmark with over ten educational pieces on these topics, making them accessible to those starting out in trading. Spreadex and Octa both ensure beginner traders can access a plentiful selection of videos that explain trading basics, allowing newcomers to learn at their own pace. Additionally, both platforms offer an investor dictionary with comprehensive definitions for at least fifty key investing terms, which is a valuable resource for beginners learning industry jargon.
However, Octa edges out Spreadex by offering a more dynamic and interactive learning experience, particularly through its monthly educational webinars, which are absent in Spreadex's offerings. Moreover, Octa provides a searchable archive of these webinars, allowing users to revisit past sessions anytime. Octa also caters to more advanced traders with at least ten videos on advanced trading topics, whereas Spreadex does not. Despite these differences, both brokers share a commendable education rating of four out of five stars. Yet, in a ranking of 62 brokers by ForexBrokers.com, Octa claims a slightly better position at #41 compared to Spreadex's #45, further emphasizing its broader range of 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 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
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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 |
| Broker Screenshots | Spreadex | Octa | |
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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 | 257 | |
| 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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