Written by ForexBrokers.com
In this head to head comparison of StoneX Trading 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.
StoneX Trading and Octa are both non-bank online brokers, but they differ greatly in age, market status, and regulation. StoneX Trading was founded in 1983 and is publicly traded, while Octa was founded in 2011 and is privately held. In terms of trust, ForexBrokers.com gives StoneX Trading a Trust Score of 99 out of 99, which falls in the highly trusted range, while Octa scores 73 out of 99, placing it in the average risk range.
Regulation is another major difference in this StoneX Trading vs. Octa comparison. StoneX Trading holds 7 Tier-1 licenses and 1 Tier-2 license, showing a strong regulatory footprint across respected authorities. Octa holds 1 Tier-1 license and 1 Tier-2 license, which is solid but more limited by comparison. For traders who put a high value on regulation and trust, StoneX Trading stands out as the stronger choice.
| Feature |
StoneX Trading
|
Octa
|
|---|---|---|
| Year Founded | 1983 | 2011 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
StoneX Trading and Octa both keep costs in the midrange for most everyday traders, but StoneX Trading comes out ahead overall on commissions and fees. StoneX Trading’s pricing for CFDs, forex, and spread-betting products is generally in line with the industry average, and its best rates are usually available on its own platform or MetaTrader. Its EUR/USD spread averaged 0.74 pips as of July 2023, which is competitive but still not as low as the very cheapest brokers in the market.
Octa has improved a lot on pricing and now competes more closely with low-cost MetaTrader brokers. Its EUR/USD average spread is listed at 0.5 pips for EU clients and 0.9 pips for international entities, although Octa does not provide a date range for that data, which makes the comparison less precise. Octa also offers no overnight carry costs and claims no slippage on 97.5% of executed orders, but account limits and platform differences can make it less appealing for high-frequency traders.
Overall, StoneX Trading earns a 4.5-star rating and ranks #16 out of 36 brokers for commissions and fees, while Octa has a 4-star rating and ranks #27 out of 36. In short, both brokers are fairly competitive on price, but StoneX Trading has the edge for traders who want stronger overall value and more consistent cost data.
| Feature |
StoneX Trading
|
Octa
|
|---|---|---|
| Minimum Deposit | £100.00 | $25 |
| Average spread (EUR/USD) - Spread-only account | 1.4 | 0.9 |
| All-in Cost EUR/USD - Raw spread account | 0.9 | N/A |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the range of investments, StoneX Trading offers a much wider selection than Octa. StoneX Trading lists 13,500 tradeable symbols and 66 forex pairs, while Octa offers 300 symbols and 35 forex pairs. Both brokers support forex trading as CFDs or spot contracts, copy trading, and cryptocurrency CFDs, but neither lets you buy actual cryptocurrency or U.S.-listed exchange traded stocks directly. In this area, StoneX Trading stands out for choice and variety.
Octa does have one edge: it offers exchange traded securities on international exchanges, so clients can buy real shares listed outside the U.S., while StoneX Trading does not. Even so, StoneX Trading is rated 5 stars for Range of Investments and ranks #8 out of 36 brokers at ForexBrokers.com, compared with Octa’s 3.5 stars and #34 ranking. For investors who want a broader menu of markets, StoneX Trading is the stronger option overall.
| Feature |
StoneX Trading
|
Octa
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 13500 | 300 |
| Forex Pairs (Total) | 66 | 35 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | Yes | 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.
StoneX Trading and Octa both give traders a wide set of platform choices, including a free demo account for paper trading, a proprietary platform, Windows desktop software, a web-based platform, copy trading, and MetaTrader 4. Each also lets users place trades directly from a chart, which can make it easier to act on market moves quickly. In other words, both brokers cover the main platform needs that many everyday traders look for.
The biggest difference is that Octa also offers MetaTrader 5, while StoneX Trading does not. That extra option may matter for traders who want the newer MetaTrader setup. Overall, StoneX Trading scores slightly higher for trading platforms and tools, earning 4.5 out of 5 stars and ranking #11 out of 36 brokers on ForexBrokers.com, compared with Octa’s 4 stars and #32 ranking.
| Feature |
StoneX Trading
|
Octa
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 88 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
StoneX Trading and Octa both offer mobile trading apps for iPhone and Android, along with price alerts, trendline drawing, and auto-saving chart drawings. That means traders on either platform can track the markets and manage charts from a phone or tablet with ease. Both brokers also support key mobile features that help users stay connected to their trades while on the go.
Where StoneX Trading stands out is in app depth and convenience. Its mobile app includes watchlist symbol syncing, so changes made on the app or in the online account stay matched, while Octa does not offer this feature. StoneX Trading also provides 88 technical studies in its mobile charts compared with 30 at Octa. These differences help explain why StoneX Trading earns a higher mobile trading apps rating, at 4.5 out of 5 stars and No. 9 out of 36 from ForexBrokers.com, versus Octa’s 4 stars and No. 30 ranking.
| Feature |
StoneX Trading
|
Octa
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 88 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, both StoneX Trading and Octa give traders useful everyday tools. Each broker offers daily market commentary, forex news from major sources like Bloomberg and Reuters, and an economic calendar to help track upcoming global events. That said, StoneX Trading has an edge for research depth thanks to Trading Central tools and a sentiment-based trading feature that shows long and short positioning across markets. Octa, on the other hand, includes Autochartist tools, which may appeal to traders looking for chart-based ideas and signals.
Overall, StoneX Trading comes out ahead in this category, with a 4.5-star Research rating and a #10 ranking out of 36 brokers from ForexBrokers.com. Octa is still competitive, but it trails slightly with a 4-star Research rating and a #25 ranking. For traders comparing online brokers by market research, StoneX Trading offers a broader mix of analysis tools, while Octa delivers the core news and calendar features most traders expect.
| Feature |
StoneX Trading
|
Octa
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | Yes | No |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
StoneX Trading and Octa both give beginners a solid starting point for learning how to trade. Each broker offers forex or CFDs education with at least 10 learning pieces, regular online client webinars, and plenty of beginner and advanced videos. That means new traders can find a mix of articles, videos, and live sessions to help build skills at different stages, whether they are just getting started or want to learn more advanced trading topics.
When it comes to overall education quality, StoneX Trading stands out more strongly. It is rated 4.5 out of 5 stars for Education and ranks #9 out of 36 brokers at ForexBrokers.com, while Octa is rated 4 stars and ranks #33 out of 36. For beginners looking for a broker with stronger educational support, StoneX Trading has the edge, even though Octa also offers a useful range of learning tools.
| Feature |
StoneX Trading
|
Octa
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that StoneX Trading is better than Octa. StoneX Trading finished with an overall rank of #8, while Octa finished with an overall rank of #36.
Backed by StoneX Group and formerly named City Index, StoneX Trading is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market research, and extensive range of tradeable markets.
| Feature |
StoneX Trading
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Octa
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 73 |
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StoneX Trading and Octa both let traders access cryptocurrency CFDs, but neither broker offers the ability to buy actual, delivered cryptocurrency.
StoneX Trading offers ACH/SEPA transfers, PayPal, and bank wire funding and withdrawals, while Octa supports Skrill and bank wires but does not offer ACH/SEPA transfers or PayPal, making StoneX Trading the more flexible choice for those seeking broader payment options.
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 | StoneX Trading | Octa | |
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| Trust Score | 99 | 73 | |
| Winner | check_circle | ||
| Review | StoneX Trading Review | Octa Review |
| Broker Screenshots | StoneX Trading | Octa | |
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| Regulation | StoneX Trading | Octa | |
|---|---|---|---|
| Trust Score | 99 | 73 | |
| Year Founded | 1983 | 2011 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | StoneX Trading | Octa | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | 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). | Yes | Yes |
| Tier-2 Licenses (Trusted) | StoneX Trading | Octa | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | StoneX Trading | Octa | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 13500 | 300 | |
| Forex Pairs (Total) | 66 | 35 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | Yes | 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 | StoneX Trading | Octa | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 1.4 | 0.9 | |
| All-in Cost EUR/USD - Raw spread account | 0.9 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | StoneX Trading | Octa | |
|---|---|---|---|
| Minimum Deposit | £100.00 | $25 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| Trading Platforms | StoneX Trading | Octa | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | StoneX Trading | Octa | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 88 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | StoneX Trading | Octa | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 88 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | StoneX Trading | Octa | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | StoneX Trading | Octa | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | StoneX Trading | Octa | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | StoneX Trading Review | Octa Review |
| Overall | StoneX Trading | Octa | |
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| Trust Score | 99 | 73 | |
| Winner | check_circle | ||
| Review | StoneX Trading Review | Octa Review |
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