Written by ForexBrokers.com
In this head to head comparison of easyMarkets 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.
easyMarkets, established in 2001, holds a ForexBrokers.com Trust Score of 84, which places it in the trusted category. It isn't publicly traded nor is it a bank, but it does have two Tier-1 licenses, the highest level of trust, and one Tier-2 license which also signifies a good level of trust according to ForexBrokers.com. This regulatory framework emphasizes easyMarkets' commitment to maintaining reliable and secure trading conditions for its clients.
In comparison, Octa, founded a decade later in 2011, holds a Trust Score of 72, indicating an average risk category. Like easyMarkets, Octa is not listed on a stock exchange nor is it a bank. Octa has one Tier-1 and one Tier-2 license, offering a balanced level of regulatory oversight. The difference in trust scores and number of high-trust licenses are key factors to consider for traders evaluating security and assurance when choosing between these two online brokers.
| Feature |
easyMarkets
|
Octa
|
|---|---|---|
| Year Founded | 2001 | 2011 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing the commissions and fees of easyMarkets and Octa, it's clear that each broker has distinct offerings. easyMarkets features fixed spreads, with 0.8 pips for EUR/USD on its platform and TradingView. However, using MT4, the spreads are notably higher at 1.7 pips for the Standard account, while the VIP account offers a lower rate of 0.7 pips. For those using MT5, spreads are variable, starting from 0.7 pips. easyMarkets is rated 3.5 stars out of five in this category and holds the 51st position out of 62 brokers reviewed by ForexBrokers.com.
On the other hand, Octa has significantly improved its pricing structure. It claims no slippage on 97.5% of its executed orders and offers no overnight carry costs, although high-frequency traders may face some restrictions. The commissions and fees at Octa are influenced by the account type and regulatory entity, whether in the EU, South Africa, or its offshore entity in Mwali. Octa promotes the MT5 platform in the EU with an average spread of 0.5 pips for the EUR/USD pair, which is slightly lower than 0.9 pips listed for foreign entities. However, Octa's spread data does not have an accompanying date range, which may affect its reliability. Nevertheless, Octa receives a higher rating of 4 stars and ranks 28th out of 62 brokers on ForexBrokers.com for commissions and fees.
Overall, while easyMarkets offers the reliability of fixed spreads, Octa presents a competitive edge with its recent improvements in pricing and its advanced features like no slippage and no overnight costs. Depending on your trading style and geographical location, these differences could heavily influence which broker will better suit your needs.
| Feature |
easyMarkets
|
Octa
|
|---|---|---|
| Minimum Deposit | $25 | $25 |
| Average Spread EUR/USD - Standard | 0.8 | 0.9 |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | 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.
When comparing the range of investments between easyMarkets and Octa, both offer a solid selection of trading options with some differences in the specifics. easyMarkets provides access to 230 tradeable symbols, including 63 forex pairs, while Octa offers a slightly higher total of 257 symbols but with a lesser focus on forex pairs at 35. Both brokers allow forex trading through CFDs or spot contracts and offer options for cryptocurrency derivatives. However, neither platform supports the purchase of actual cryptocurrencies. Furthermore, easyMarkets and Octa both facilitate copy trading for their users.
While clients cannot trade U.S. exchange securities directly through either broker, Octa stands out by enabling investments in certain international exchange securities, such as shares on the London Stock Exchange. Regarding their overall investment range, easyMarkets and Octa hold an identical rating of 3.5 out of 5 stars. When ranked by ForexBrokers.com in the Range of Investments category, Octa positions slightly higher at #52 compared to easyMarkets at #54 out of 62 brokers. These ratings reflect the strengths and limitations each platform offers to potential investors.
| Feature |
easyMarkets
|
Octa
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 230 | 257 |
| Forex Pairs (Total) | 63 | 35 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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.
When comparing the trading platforms and tools offered by easyMarkets and Octa, both brokers provide a wide array of features that appeal to various traders. Both platforms support simulated trading through free virtual demo accounts, allowing users to practice their strategies without risk. They also boast proprietary platforms along with access to popular platforms like MetaTrader 4 and 5, catering to diverse trading preferences. For both, trading can be done via Windows desktop downloads or directly through a web-based interface, providing flexibility in how and where traders conduct their activities. Additionally, each broker supports copy trading, enabling users to replicate the trades of successful traders.
While easyMarkets offers more drawing tools for charting, with 30 options compared to Octa's 15, both brokers allow users to make trades directly from stock charts. In terms of organizing watch lists, easyMarkets offers eight columns while Octa provides seven. Both companies are rated four out of five stars for their trading platforms and tools, with easyMarkets ranked 35th and Octa 37th out of 62 brokers on ForexBrokers.com. However, neither platform supports DupliTrade or ZuluTrade. Overall, easyMarkets and Octa offer competitive, well-rounded trading platforms suitable for traders of different experience levels.
| Feature |
easyMarkets
|
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) | 15 | 30 |
| Charting - Drawing Tools (Total) | 30 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both easyMarkets and Octa provide options for iPhone and Android users. easyMarkets stands out with a higher number of technical studies, offering 81, compared to Octa's 30. Additionally, easyMarkets allows for watchlist symbol syncing, meaning you can seamlessly update and access your watchlists across both mobile and online platforms. This feature is missing from Octa’s app. However, Octa does offer the advantage of automatic saving for any drawings made on charts, a feature not available with easyMarkets.
Both platforms allow users to draw trendlines and view charts in various time frames, from daily to intraday. For alerts, Octa offers stock or forex price alerts, unlike easyMarkets. In terms of real-time watchlists, both apps deliver this functionality efficiently. While both platforms share a 4-star rating for their mobile trading apps, easyMarkets is ranked slightly higher at #29 compared to Octa's #36 position according to ForexBrokers.com. Whether you prioritize more technical analysis tools or the convenience of price alerts and automatic saves may guide your choice between these two brokers.
| Feature |
easyMarkets
|
Octa
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | No | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 81 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research features of easyMarkets and Octa, both brokers offer daily market commentary and forex news from top-tier sources such as Bloomberg and Reuters. easyMarkets provides traders with a sentiment-based trading tool that displays the ratio of long and short positions, which Octa does not have. On the other hand, Octa is equipped with technical analysis tools from Autochartist that easyMarkets lacks. Additionally, easyMarkets integrates tools from Trading Central, while Octa does not offer these specific resources.
Both brokers feature an economic calendar for tracking global news events. Neither easyMarkets nor Octa supports market research through TipRanks or Acuity Trading tools. However, Octa appears to have a slight edge overall, earning a higher research rating of 4 stars compared to easyMarkets' 3.5 stars. In the rankings by ForexBrokers.com, Octa stands at #26 among 62 brokers, whereas easyMarkets is at #43, indicating a stronger position in providing comprehensive market research solutions.
| Feature |
easyMarkets
|
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 | Yes | 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 easyMarkets and Octa provide a comprehensive selection to help traders kickstart their journey in forex and CFDs trading. Both brokers offer at least 10 educational pieces, such as articles, videos, and archived webinars, focused primarily on these trading areas. Beginners will find over 10 videos tailored for their level, providing a solid foundation in trading concepts. Additionally, easyMarkets and Octa each host regular online educational webinars every month, offering a valuable opportunity for interactive learning. A searchable archive of recorded webinars is also available, enabling users to access past insights and information at their convenience.
For more advanced traders, both platforms present over 10 educational videos that delve into intricate trading topics. They also offer a substantial investor dictionary with definitions for at least 50 investing terms, aiding both novices and experts alike. While Octa is rated slightly higher at 4 stars for education, compared to easyMarkets' 3.5 stars, the latter holds a slightly better ranking in the education category according to ForexBrokers.com, placing 39th out of 62 brokers, whereas Octa takes 41st place. Ultimately, both easyMarkets and Octa succeed in furnishing a full array of educational resources to support both beginners and seasoned traders on their trading paths.
| Feature |
easyMarkets
|
Octa
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that easyMarkets is better than Octa. easyMarkets finished with an overall rank of #42, while Octa finished with an overall rank of #47.
easyMarkets is easy to use and offers several unique features attractive to beginners through its proprietary trading platform. However, its web platform is a bit dated and it offers a below-average selection of tradeable products.
| Feature |
easyMarkets
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Octa
|
|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 72 |
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Both easyMarkets and Octa do not offer the ability to buy actual delivered cryptocurrency, but they both provide options to buy cryptocurrency derivatives instead.
When comparing online brokers easyMarkets and Octa, both offer the flexibility of using Skrill, Visa or Mastercard, and bank wires for deposits and withdrawals, but easyMarkets distinguishes itself by supporting ACH or SEPA transfers, which Octa does not, and neither platform currently supports PayPal transactions.
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 | easyMarkets | Octa | |
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| Trust Score | 84 | 72 | |
| Winner | check_circle | ||
| Review | easyMarkets Review | Octa Review |
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| Regulation | easyMarkets | Octa | |
|---|---|---|---|
| Trust Score | 84 | 72 | |
| Year Founded | 2001 | 2011 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | easyMarkets | Octa | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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) | No | No | |
| 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) | easyMarkets | Octa | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | easyMarkets | Octa | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 230 | 257 | |
| Forex Pairs (Total) | 63 | 35 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | easyMarkets | Octa | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.8 | 0.9 | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | easyMarkets | Octa | |
|---|---|---|---|
| Minimum Deposit | $25 | $25 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | easyMarkets | 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 | easyMarkets | Octa | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 15 | 30 | |
| Charting - Drawing Tools (Total) | 30 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | easyMarkets | Octa | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | No | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 81 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | easyMarkets | 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 | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | easyMarkets | Octa | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | easyMarkets | 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 | easyMarkets Review | Octa Review |
| Overall | easyMarkets | Octa | |
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| Trust Score | 84 | 72 | |
| Winner | check_circle | ||
| Review | easyMarkets Review | Octa Review |
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