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 easyMarkets and Octa in terms of commissions and fees, easyMarkets offers fixed spreads starting from 0.8 pips on their platform and TradingView for the EUR/USD pair. However, using the MT4 platform, spreads are notably higher at 1.7 pips for the Standard account but reduced to 0.7 pips with a VIP account. On the MT5 platform, easyMarkets features a variable spread that begins at 0.7 pips. The broker receives a 3.5-star rating for its commissions and fees and ranks #51 out of 62 brokers in this category according to ForexBrokers.com.
Octa, on the other hand, has made significant strides in improving its pricing, closing in on some of the lowest-cost MetaTrader brokers in the industry. They offer no slippage on 97.5% of executed orders and don't charge overnight carry costs, although they may impose restrictions on high-frequency trading. The spread pricing can vary depending on which Octa entity regulates your account: their EU entity offers an average spread of 0.5 pips for the EUR/USD pair, while foreign entities average at 0.9 pips. Despite this progress, Octa does not provide specific date ranges for their spread data, which might affect the reliability of their claims. Octa receives a 4-star rating for commissions and fees, ranking #29 out of 62 brokers in the same category.
Overall, while easyMarkets offers fixed and variable spreads with different options depending on the trading platform and account type, Octa presents more variability but has made impressive improvements in its pricing structure. The broker's commitment to competitive pricing and the elimination of slippage on most orders are advantages worth considering. Both brokers have distinct advantages, but Octa edges ahead in terms of pricing consistency, rating, and ranking in the commissions and fees category.
| 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 easyMarkets and Octa in terms of available investments, both offer forex trading through CFDs or spot contracts. easyMarkets provides access to 230 tradable symbols, including 63 forex pairs, while Octa offers 300 tradable symbols with 35 forex pairs. Neither broker allows clients to buy exchange-traded securities on U.S. exchanges, such as shares of Apple, but Octa does offer access to international exchanges, enabling the purchase of companies like Vodafone. Both platforms support copy trading features, which can be beneficial for traders looking to mimic successful strategies.
Neither easyMarkets nor Octa permits the purchase of actual cryptocurrencies, focusing instead on cryptocurrency derivatives. In terms of range of investments, both brokers are rated at 3.5 out of 5 stars by ForexBrokers.com. However, Octa ranks slightly higher, at 52nd position out of 62 brokers, while easyMarkets comes in at 54th. Whether your focus is on forex pairs or diversifying with international stocks, these platforms provide competitive options but with clear distinctions in their overall offerings.
| Feature |
easyMarkets
|
Octa
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 230 | 300 |
| 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 comparing the mobile trading apps of easyMarkets and Octa, both platforms offer apps for iPhone and Android devices, making them accessible to a broad audience of traders. easyMarkets stands out with a higher number of technical studies available in its app, offering 81 compared to Octa's 30. Additionally, easyMarkets provides watchlist symbol syncing, allowing users to keep their online account and mobile app watchlists updated seamlessly. On the other hand, Octa excels in offering stock and forex price alerts, as well as auto-saving chart drawings, features not provided by easyMarkets. Both brokers support trendline drawing and offer multiple time frames for charting, enhancing the user experience for those analyzing market trends.
In terms of ratings, both easyMarkets and Octa have achieved a commendable four-star rating for their mobile trading apps. However, easyMarkets slightly edges out in rankings by ForexBrokers.com, placed at 30th out of 62 brokers, compared to Octa's 35th position. While each platform has unique strengths, the choice between easyMarkets and Octa might ultimately depend on specific features that cater to individual trading preferences, such as whether syncing watchlists or receiving price alerts is more critical to the user.
| 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 in forex and CFDs trading, both easyMarkets and Octa have a lot to offer. easyMarkets provides a wide range of educational materials, including over ten articles, videos, and archived webinars focused on forex and CFDs. They also host regular online educational webinars and maintain an archive for easy access to past sessions. With more than ten beginner-friendly videos, easyMarkets ensures that new traders have access to clear and concise information to kickstart their trading journey. Additionally, their investor dictionary helps demystify at least 50 investing terms, making it easier for newcomers to understand complex concepts.
Octa also delivers an impressive array of educational resources for beginner traders. Similar to easyMarkets, Octa offers more than ten educational pieces that cover essential forex and CFDs topics. They host monthly webinars and offer a searchable archive of past recordings. Octa caters to beginners with a selection of over ten educational videos, which cover fundamental trading concepts. Their investor dictionary, featuring definitions of over 50 investing terms, is a valuable tool for those just starting out. Although Octa received a slightly higher education rating of 4 stars compared to easyMarkets' 3.5 stars, easyMarkets ranks #39 among 62 brokers in the ForexBrokers.com Education category, slightly ahead of Octa, which ranks #42.
| 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
|
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 | 300 | |
| 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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