Written by ForexBrokers.com
In this head to head comparison of Octa vs TopFX, 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.
Octa and TopFX, two online brokers, offer services for those interested in trading, but they have different credentials that may influence a trader's choice. Founded in 2011, Octa is not publicly traded and is not a bank. It holds 1 Tier-1 license and 1 Tier-2 license, which gives it a ForexBrokers.com Trust Score of 72. This places Octa in the average risk category according to ForexBrokers.com's criteria.
On the other hand, TopFX, established in 2010, is similarly neither publicly traded nor a bank. However, it holds just 1 Tier-1 license and no Tier-2 licenses, resulting in a slightly lower Trust Score of 67. Based on ForexBrokers.com ratings, this makes TopFX a higher-risk choice compared to Octa. Therefore, while both companies have their strengths, Octa's additional licensing provides a greater level of trust and security to its users over TopFX.
| Feature |
Octa
|
TopFX
|
|---|---|---|
| Year Founded | 2011 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
Comparing commissions and fees, both Octa and TopFX earn 4 out of 5 stars. In ForexBrokers.com’s Commissions and Fees rankings, Octa places #30 out of 63 brokers, while TopFX ranks #41 out of 63. Octa has narrowed the gap with the lowest-cost MetaTrader brokers, and TopFX’s pricing is competitive with an all-in cost around the industry average on its commission-based account.
Octa’s pricing depends on your account type and which entity regulates your account. EU clients use the EU entity with MT5, while international clients can access MT4, MT5, and OctaTrader via foreign entities. Octa lists average EUR/USD spreads of 0.5 pips in the EU versus 0.9 pips under its foreign entities, though it does not provide a date range for these figures. Octa also reports no slippage on 97.5% of executed orders and no overnight carry costs, but it has rules that may limit high-frequency trading.
TopFX offers two accounts on MetaTrader and cTrader. The RAW account charges 2.75 EUR per side (5.50 EUR per round turn) and posted a 0.33-pip average spread on EUR/USD in July 2024; with a commission equivalent of 0.55 pips, the all-in cost is about 0.88 pips. The ZERO account is commission-free but had a higher 1.03-pip average spread on EUR/USD in July 2024. Minimum deposit requirements vary by payment method.
| Feature |
Octa
|
TopFX
|
|---|---|---|
| Minimum Deposit | $25 | Depends on payment method |
| Average spread (EUR/USD) - Standard account | 0.9 | 1.03 |
| All-in Cost EUR/USD - Active | N/A | 0.88 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Octa and TopFX both support forex trading via CFDs or spot contracts, and each offers crypto CFDs (but not actual crypto). TopFX provides a wider overall selection with 655 tradeable symbols and 60 forex pairs, compared to Octa’s 300 symbols and 35 pairs. Both brokers also offer copy trading.
When it comes to exchange-traded shares, neither broker lets you buy U.S.-listed stocks directly, but Octa does offer access to some international exchange-traded shares, while TopFX does not. Both earn 3.5 out of 5 stars for Range of Investments; however, in ForexBrokers.com’s rankings, TopFX places #47 of 63 versus Octa at #53, reflecting TopFX’s broader lineup, while Octa may appeal if you want access to select international shares.
| Feature |
Octa
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 300 | 655 |
| Forex Pairs (Total) | 35 | 60 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| 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.
Octa and TopFX both cover the trading basics well: each offers a free demo (paper trading) account, a Windows desktop download, and a browser-based web platform. MetaTrader 4 (MT4) is available at both brokers, along with copy trading and the ability to place orders directly from charts. Where they differ is platform variety: Octa adds MetaTrader 5 (MT5) and also provides its own proprietary platform, while TopFX does not. If you want MT5 or an in-house platform experience, Octa has the edge; if you’re fine with MT4 plus copy trading on desktop and web, TopFX fits the bill.
For Trading Platforms and Tools, both brokers earn 4 out of 5 stars. In ForexBrokers.com’s 2024 rankings, Octa places #38 out of 63 brokers, while TopFX ranks #46 out of 63. In short, Octa’s extra platform options may appeal to traders who want MT5 or a proprietary interface, whereas TopFX keeps things straightforward with MT4, web and desktop access, and a free demo to practice strategies before going live.
| Feature |
Octa
|
TopFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Octa and TopFX both deliver capable mobile trading apps for iPhone and Android. Each app supports price alerts, 30 built-in technical studies, trendline drawing, and automatic saving of your chart annotations. Day-to-day charting and analysis feel comparable across both platforms.
Where they differ is in industry standing and a small usability gap. Both apps earn 4 out of 5 stars, but Octa ranks higher at #37 versus TopFX at #52 out of 63 brokers, according to ForexBrokers.com. Also note that neither provider syncs watchlists between the mobile app and the online account. If a better ranking matters to you, Octa gets the nod; otherwise, the mobile experience is quite similar on iOS and Android.
| Feature |
Octa
|
TopFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Octa vs TopFX market research: Octa publishes daily market commentary, while TopFX does not. Both brokers stream forex news from top-tier sources (such as Bloomberg, Reuters, and Dow Jones), include Autochartist for technical setups, and offer an economic calendar. Octa does not provide Trading Central or a sentiment tool; TopFX offers Trading Central research and a sentiment-based positioning gauge. Octa also lacks TipRanks and Acuity Trading tools, and TopFX’s support for TipRanks or Acuity Trading isn’t specified.
For overall research quality, Octa scores 4 out of 5 stars and ranks 27th out of 63 brokers at ForexBrokers.com; TopFX scores 3 out of 5 stars and ranks 61st. In short, choose Octa if you want daily commentary alongside mainstream news and Autochartist, or pick TopFX if Trading Central and sentiment data matter more.
| Feature |
Octa
|
TopFX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central | No | Yes |
| Client sentiment data | No | Yes |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginner traders comparing education at Octa versus TopFX, Octa clearly offers more ways to learn. Octa hosts live online client webinars at least once a month and provides at least 10 beginner videos plus at least 10 advanced videos covering forex and CFD topics. TopFX does not offer monthly webinars and does not meet the threshold of 10 beginner or 10 advanced videos, which may limit hands-on learning and guided progress for newcomers.
Independent ratings back this up: ForexBrokers.com gives Octa 4 stars for Education and ranks it 42nd out of 63 brokers, while TopFX earns 3 stars and ranks 62nd. If you want accessible forex and CFD education with frequent webinars and a sizable video library, Octa is the stronger pick; if you only need lighter materials, TopFX may still suit your needs.
| Feature |
Octa
|
TopFX
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Octa is better than TopFX. Octa finished with an overall rank of #47, while TopFX finished with an overall rank of #62.
Octa offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform.
| Feature |
Octa
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TopFX
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| Trust Score | 72 | 67 |
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In a comparison of online brokers Octa and TopFX, neither supports purchasing actual (delivered) cryptocurrencies, but both offer cryptocurrency CFD trading for exposure without owning the underlying asset.
In a head-to-head comparison of funding methods, online broker Octa does not support ACH/SEPA or PayPal but does allow Skrill and bank wire deposits/withdrawals, while TopFX does not support ACH/SEPA (other funding options not specified).
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 | Octa | TopFX | |
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| Trust Score | 72 | 67 | |
| Winner | check_circle | ||
| Review | Octa Review | TopFX Review |
| Broker Screenshots | Octa | TopFX | |
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| Regulation | Octa | TopFX | |
|---|---|---|---|
| Trust Score | 72 | 67 | |
| Year Founded | 2011 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Octa | TopFX | |
|---|---|---|---|
| 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) | No | 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) | Octa | TopFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Octa | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 300 | 655 | |
| Forex Pairs (Total) | 35 | 60 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| 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 | Octa | TopFX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.9 | 1.03 | |
| All-in Cost EUR/USD - Active | N/A | 0.88 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Octa | TopFX | |
|---|---|---|---|
| Minimum Deposit | $25 | Depends on payment method | |
| PayPal (Deposit/Withdraw) | No | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | Octa | TopFX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | Yes |
| Trading Tools | Octa | TopFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Octa | TopFX | |
|---|---|---|---|
| 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 | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Octa | TopFX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | No | Yes | |
| TipRanks | No | ||
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Octa | TopFX | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Octa | TopFX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Octa Review | TopFX Review |
| Overall | Octa | TopFX | |
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| Trust Score | 72 | 67 | |
| Winner | check_circle | ||
| Review | Octa Review | TopFX Review |
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