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 |
Spreadex and Octa both earn 4 out of 5 stars for commissions and fees. In ForexBrokers.com’s ranking of 63 brokers, Spreadex is #28 while Octa is #30. Spreadex publishes dated spread data: its EUR/USD average spread was 0.81 pips in January 2024, with the 0.6-pip minimum available 60% of the time that month. Octa lists an average EUR/USD spread of 0.5 pips for its EU entity and 0.9 pips for its foreign entities, but it does not provide a date range for these figures, which makes direct comparisons harder.
Octa’s costs depend on your account type and which entity regulates your account. EU clients use the EU entity with a single MT5 account, while international clients can choose MT4, MT5, or OctaTrader via South Africa or the broker’s offshore entity. Octa also highlights no slippage on 97.5% of orders and no overnight carry costs, though it has restrictions that can limit high-frequency strategies.
If you value published, time-stamped spread data, Spreadex offers clear monthly figures for EUR/USD. If you’re in the EU, Octa’s listed 0.5-pip average could be sharper, and the lack of overnight carry costs may lower total trading costs—just keep in mind the missing date range for spreads and any trading-style limits. Location, platform preference, and how often you trade should guide your choice.
| 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.
Spreadex and Octa both support forex trading (CFD/spot). For breadth, Spreadex stands out with about 10,000 tradeable symbols and 52 forex pairs, compared with Octa’s roughly 300 symbols and 35 pairs. If you want a larger menu of markets to diversify across, Spreadex offers far more choices.
When it comes to asset types and extras, neither broker lets you buy U.S.-listed shares outright, and neither offers delivered cryptocurrency, though both provide cryptocurrency CFDs. Octa does allow buying some exchange-traded shares on international markets, and it also offers copy trading—two options Spreadex does not provide. According to ForexBrokers.com, Spreadex earns 5 stars for Range of Investments and ranks #14 of 63 brokers, while Octa scores 3.5 stars and ranks #53, highlighting Spreadex’s wider overall selection and Octa’s appeal for those who want international share dealing 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. 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.
Comparing trading platforms and tools, both Spreadex and Octa offer a free demo (paper trading) account and their own in-house platforms. Each provides a web-based platform and lets you place trades directly from charts. Key differences: Octa also supports a Windows desktop platform, copy trading, and the popular MetaTrader 4 and MetaTrader 5, while Spreadex does not offer a Windows desktop app, copy trading, or MT4/MT5. The number of built-in chart indicators and watchlist columns isn’t specified for either broker.
For overall platform and tool quality, both brokers are rated 4 out of 5 stars. In ForexBrokers.com’s rankings, Octa places #38 out of 63, while Spreadex is #47 out of 63. If you want MetaTrader, desktop software, and copy trading, Octa is the better fit. If you prefer a simple, browser-based proprietary platform with trading from charts and a demo account, Spreadex is a straightforward option.
| 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 supports price alerts for forex and stocks, making it easy to stay on top of market moves. Neither app currently syncs watchlists between mobile and the web platform, so edits made on one won’t carry over to the other.
For charting, both apps let you draw trendlines, but Octa goes further with 30 built-in technical studies and auto-saving for chart drawings, while Spreadex does not list its technical study count and does not auto-save drawings. In overall mobile app quality, both earn 4 out of 5 stars, with ForexBrokers.com ranking Octa 37th and Spreadex 47th out of 63 brokers.
| 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.
Comparing Spreadex and Octa for market research: both deliver daily market commentary and stream forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones. Each offers Autochartist-powered tools for technical and fundamental analysis, and both provide an economic calendar to track upcoming events. Neither broker includes Trading Central.
The key difference is sentiment data: Spreadex offers a tool that shows the ratio of long versus short positions across instruments, while Octa does not. Neither broker features TipRanks or Acuity Trading tools. In terms of evaluations, both earn 4 out of 5 stars for Research; however, ForexBrokers.com ranks Octa higher (#27 of 63) than Spreadex (#32 of 63).
| 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.
Spreadex vs Octa for beginner education: both brokers provide at least 10 beginner-friendly video lessons on trading, which makes it easy to start learning at your own pace. Octa goes a step further with ongoing live webinars (at least one per month), while Spreadex does not host monthly webinars. Octa also offers 10+ advanced videos for when you’re ready to level up, whereas Spreadex lacks a larger advanced video library. Independent ratings are close—both earn 4 stars for Education—though Octa ranks slightly higher (#42 out of 63) than Spreadex (#45 out of 63) on ForexBrokers.com.
If you want live teaching and a path to more advanced topics, Octa has the edge for beginners thanks to its webinars and broader catalog. If you mainly want on-demand beginner videos without live sessions, Spreadex can still fit the bill. Either way, both provide a solid starting point for learning forex and CFDs.
| 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 #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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|---|---|---|
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| Trust Score | 71 | 72 |
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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 | 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) | |||
| 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 SCA 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 | 71 | 72 | |
| Winner | check_circle | ||
| Review | Spreadex Review | Octa Review |
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