Trade Nation vs Octa 2023

Trade Nation is not publicly traded and does not operate a bank. Trade Nation is authorized by two Tier-1 regulators (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and two Tier-4 regulators (High Risk). Trade Nation is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC) and Financial Conduct Authority (FCA).

Octa is not publicly traded and does not operate a bank. OctaFX is authorised by one Tier-1 regulator (high trust), one Tier-2 regulator (average trust), zero Tier-3 regulators (low trust), and zero Tier-4 regulators (High Risk). Octa is authorised by the following Tier-1 regulators: Regulated in the European Union via the MiFID passporting system.

Trade Nation’s well-designed, easy-to-use trading app is an innovative trading platform that’s great for beginner forex and CFD traders. However, if you’re a seasoned trader, you may find that Trade Nation lacks advanced features compared to the best trading platforms.

Octa offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform.

To open a trading account with Trade Nation, you'll need to make an initial minimum deposit of $0.

Octa requires a minimum deposit of $25 before you can open an account and start trading.

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. Trade Nation offers Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for banking, whereas Octa provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw). Neither have PayPal (Deposit/Withdraw)

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that Trade Nation offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that Trade Nation holds 2 global Tier-1 licenses, while Octa holds 1. Both Trade Nation and Octa hold 1 global Tier-2 licenses.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that Trade Nation (83) earned a higher Trust Score than Octa (70).

To compare the trading platforms of both Trade Nation and Octa, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Octa offers a better experience. With research, Octa offers superior market research. Finally, we found Octa to provide better mobile trading apps.

Here’s what trading platforms are available at Trade Nation:

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - No
• ZuluTrade - No
• TradingView - No

Here’s what trading platforms are available at Octa:

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - No
• TradingView - No

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both Trade Nation and Octa offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. Copy trading is not offered by either broker.

Octa provides traders 40 currency pairs (e.g., EUR/USD) compared to Trade Nation's 28 available pairs. If you are interested in trading CFDs, Trade Nation offers traders access to 601 CFDs, while Octa offers access to 229 CFDs; so Trade Nation offers 372 more CFDs than Octa.

We found in our testing that Trade Nation offers a more diverse selection of investment options than Octa, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Cryptocurrency (Derivative) and Spread Betting. Neither have Int'l Stock Trading (Non CFD) and Cryptocurrency (Physical).