Written by ForexBrokers.com
In this head to head comparison of DooPrime 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.
Founded in 2014, DooPrime offers a solid trust profile in the online brokerage space. With a Trust Score of 83 out of 99 from ForexBrokers.com, DooPrime is classified as a trusted broker. The online broker also stands out by holding four Tier-1 licenses, recognized for being highly trusted. Though not publicly traded or a bank, DooPrime’s regulatory framework presents an appealing option for traders looking for a reliable platform.
In comparison, Octa has been serving traders since 2011 and carries a Trust Score of 72, placing it in the average risk category according to ForexBrokers.com. Octa holds one Tier-1 license and one Tier-2 license, reinforcing a moderate level of trust. Like DooPrime, Octa is neither publicly traded nor operates as a bank, but its regulatory licenses reflect a commendable level of oversight, making it a viable choice for many traders.
| Feature |
DooPrime
|
Octa
|
|---|---|---|
| Year Founded | 2014 | 2011 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When comparing the commission and fees structure between DooPrime and Octa, traders will find a notable difference in their offerings and costs. DooPrime receives an average rating of 3 stars for its commissions and fees from ForexBrokers.com, placing it at a lower rank of 58 out of 62 brokers. This suggests that while DooPrime may have some competitive aspects, it might not be the most cost-effective choice for traders looking to minimize their expenditure.
In contrast, Octa has shown significant improvements in its pricing strategies, earning a 4-star rating for commissions and fees. With a ranking of 28 out of 62 brokers, it stands as a more favorable option for those mindful of costs. Octa's pricing benefits include no slippage on 97.5% of executed orders and the absence of overnight carry costs, although certain restrictions may limit high-frequency traders. The fees and commissions at Octa vary depending on account type and the regulatory entity, with European clients using the EU-based entity, and international clients having options in South Africa and Mwali.
When it comes to spreads, Octa offers variable pricing based on the regulatory entity with competitive averages, such as 0.5 pips for the EUR/USD pair in the EU entity and 0.9 pips for others. However, without a corresponding date range for these figures, precise comparisons are challenging. Despite this, Octa's alignment with low-cost MetaTrader brokers makes it a noteworthy contender for those looking to optimize trading costs.
| Feature |
DooPrime
|
Octa
|
|---|---|---|
| Minimum Deposit | $100 | $25 |
| Average Spread EUR/USD - Standard | N/A | 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) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
DooPrime and Octa both offer a variety of investment opportunities, including forex trading through CFDs or spot contracts. However, when it comes to the number of tradeable symbols, DooPrime greatly outshines Octa, providing access to 10,000 symbols compared to Octa's 257. In terms of forex pairs, DooPrime again takes the lead with 60 available pairs, while Octa offers 35. Additionally, DooPrime allows investors to purchase exchange-traded securities on U.S. and international exchanges, a feature Octa lacks for U.S. markets.
Both brokers offer copy trading, which can be attractive for those looking to mirror successful trading strategies. However, for cryptocurrency investments, DooPrime does not provide the option to buy either actual or derivative cryptocurrencies. On the other hand, Octa allows the purchase of cryptocurrency derivatives. In terms of overall investment range, DooPrime stands out with a 5-star rating and a ranking of #12 by ForexBrokers.com, while Octa holds a 3.5-star rating and is ranked #52 in the same category.
| Feature |
DooPrime
|
Octa
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 257 |
| Forex Pairs (Total) | 60 | 35 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | 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.
Both DooPrime and Octa provide traders with a comprehensive suite of trading platforms and tools, including simulations with free virtual demo accounts to practice strategies without any financial risk. Each broker has developed proprietary platforms alongside widely recognized ones like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both offer diverse choices in trading environments, from Windows-based desktop platforms to convenient web-based interfaces accessible through any browser. Additional features such as copy trading are also available to clients of both brokers, enabling them to follow and replicate the trades of experienced investors.
When it comes to charting and analysis, both DooPrime and Octa provide traders with 15 drawing tools and the ability to trade directly from stock charts. They offer customizable watch lists with seven available fields to tailor the trading interface to individual preferences. While both firms have received a 4-star rating for their trading platforms and tools, DooPrime is slightly better ranked at #25 in comparison to Octa's #37, according to ForexBrokers.com. However, neither broker includes support for DupliTrade or ZuluTrade, which could be a factor for professional traders seeking diversified trading technology solutions.
| Feature |
DooPrime
|
Octa
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading experiences offered by DooPrime and Octa, both brokers provide apps for iPhone and Android devices, ensuring users can access their trading platforms on the go. Each offers essential features like stock and forex price alerts as well as the ability to draw trend lines and view multiple time frames on charts. Additionally, both apps support auto-saving of drawings and offer the creation of watchlists with real-time quotes. Yet, neither DooPrime nor Octa includes the option for watchlist symbol syncing between their mobile apps and online accounts, which could be a consideration for users seeking seamless integration.
Despite sharing several similarities, DooPrime edges ahead in rankings with ForexBrokers.com, securing the 24th spot out of 62 brokers, compared to Octa's 36th position. Both brokers' mobile apps are rated four stars, reflecting a satisfactory user experience. With 30 technical studies available for charting in each app, traders have access to a wealth of analytical tools to help make informed decisions. Ultimately, the choice between DooPrime and Octa may come down to personal preference and specific trading needs, as both brokers offer competitive mobile trading solutions.
| Feature |
DooPrime
|
Octa
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market commentary and forex news, both DooPrime and Octa provide daily updates and offer insights from top-tier sources like Bloomberg and Reuters. For those seeking advanced technical tools, DooPrime features resources from Trading Central, whereas Octa partners with Autochartist, enhancing their research toolkit in unique ways. Both brokers, however, lack sentiment-based trading tools and access to external market research from TipRanks or Acuity Trading. Furthermore, DooPrime and Octa both cater to traders who keep track of global economic news with comprehensive economic calendars.
In terms of research star ratings, DooPrime and Octa share the same acclaim with four out of five stars. However, Octa slightly edges out in the rankings, securing the 26th position compared to DooPrime at 29th out of 62 brokers, based on evaluations by ForexBrokers.com. Despite minor differences, both platforms offer a solid suite of market research resources that cater to various trader preferences and styles.
| Feature |
DooPrime
|
Octa
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both DooPrime and Octa provide a variety of materials focused on forex and CFDs. Each broker supplies more than 10 educational pieces, such as articles and videos, catering to those new to trading. Both companies also feature a solid collection of beginner and advanced educational videos. However, a noticeable difference lies in Octa’s offering of monthly educational webinars, which is something DooPrime does not provide. In addition, Octa offers a searchable archive of recorded client webinars, allowing users to revisit past sessions for better understanding. This feature sets Octa apart as a more interactive learning experience compared to DooPrime.
Another key distinction between the two brokers is the availability of an investor dictionary. Octa enhances its educational suite with a comprehensive dictionary that defines over 50 investing terms, a resource not available with DooPrime. Both brokers are rated four stars for their educational offerings, but DooPrime holds a higher rank at #24 compared to Octa’s #41 according to ForexBrokers.com. This indicates a slightly more favorable reputation for DooPrime in educational content, despite Octa's broader range of interactive learning tools.
| Feature |
DooPrime
|
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 | Yes | Yes |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that DooPrime is better than Octa. DooPrime finished with an overall rank of #28, while Octa finished with an overall rank of #47.
DooPrime is mainly regulated in the UK, as well as two offshore locations (Vanuatu and Mauritius), and offers 10,000 investment products, and multiple platforms including the full MetaTrader suite, and social copy trading platforms. That said, DooPrime trails behind the best brokers in key categories.
| Feature |
DooPrime
|
Octa
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 72 |
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While both DooPrime and Octa do not allow users to purchase actual, delivered cryptocurrencies, Octa provides the option to trade cryptocurrency derivatives, whereas DooPrime does not offer this feature.
Both DooPrime and Octa provide Skrill, Visa, Mastercard, and bank wire options for depositing or withdrawing funds, but only DooPrime offers PayPal as an additional payment method, while neither supports ACH or SEPA transfers.
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 | DooPrime | Octa | |
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| Trust Score | 83 | 72 | |
| Winner | check_circle | ||
| Review | Octa Review |
| Broker Screenshots | DooPrime | Octa | |
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| Regulation | DooPrime | Octa | |
|---|---|---|---|
| Trust Score | 83 | 72 | |
| Year Founded | 2014 | 2011 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | Octa | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | 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) | DooPrime | 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 | DooPrime | Octa | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 257 | |
| Forex Pairs (Total) | 60 | 35 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | 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 | DooPrime | Octa | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 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 | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | DooPrime | Octa | |
|---|---|---|---|
| Minimum Deposit | $100 | $25 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | DooPrime | Octa | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | DooPrime | Octa | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | DooPrime | 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 | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | DooPrime | Octa | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | 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 | Yes | Yes | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | DooPrime | 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 | Octa Review |
| Overall | DooPrime | Octa | |
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| Trust Score | 83 | 72 | |
| Winner | check_circle | ||
| Review | Octa Review |
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