Written by ForexBrokers.com
In this head to head comparison of Eightcap 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.
Eightcap (founded 2009) and Octa (founded 2011) are online brokers that are not publicly traded and are not banks. On the ForexBrokers.com Trust Score scale (90-99 highly trusted, 80-89 trusted, 70-79 average risk, 60-69 high risk, under 59 not trusted), Eightcap scores 87 (trusted) while Octa scores 73 (average risk).
Regulation differs: Eightcap holds 3 Tier-1 licenses (highly trusted) and 1 Tier-2 license (trusted), whereas Octa holds 1 Tier-1 license and 1 Tier-2 license. These license counts help show how each broker is supervised across top- and mid-tier jurisdictions, aligning with their Trust Scores.
| Feature |
Eightcap
|
Octa
|
|---|---|---|
| Year Founded | 2009 | 2011 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing commissions and fees, Eightcap and Octa both offer pricing that is competitive, but they take different approaches. Eightcap gives traders a choice between a spread-only Standard account and a commission-based Raw account. On its Raw account, Eightcap lists an average spread of 0.06 pips, and once the $3.50 per-side commission is added, the all-in cost comes to about 0.76 pips. That places it just below the industry average, though it is still a bit pricier than the lowest-cost forex brokers. Eightcap is rated 4.5 out of 5 stars and ranks #20 out of 36 brokers for commissions and fees.
Octa has made clear progress on pricing and now compares well with some of the lowest-cost MetaTrader brokers. Its fees depend on the account type and the entity that regulates the account, with European clients typically using the EU entity and international clients using South Africa or the offshore Mwali entity. Octa’s average EUR/USD spread is listed at 0.5 pips for its EU entity and 0.9 pips for its foreign entities, and the broker also says it has no slippage on 97.5% of executed orders and no overnight carry costs. However, its spread data does not include a date range, which makes the pricing claims harder to judge exactly. Octa is rated 4 out of 5 stars and ranks #26 out of 36 brokers for commissions and fees.
Overall, Eightcap edges out Octa in this category thanks to its slightly lower all-in cost on the Raw account and its stronger ranking. Octa still offers attractive pricing, especially for traders who value no overnight carry costs, but it is held back somewhat by account restrictions and less transparent spread reporting. For traders focused mainly on commissions and fees, Eightcap has the small advantage.
| Feature |
Eightcap
|
Octa
|
|---|---|---|
| Minimum Deposit | $100 | $25 |
| Average spread (EUR/USD) - Standard account | 1.0 | 0.9 |
| All-in Cost EUR/USD - Active | 0.76 | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Eightcap and Octa both give traders access to forex as CFDs or spot contracts, and each also offers cryptocurrency CFDs rather than actual crypto. Where they differ is in the size and variety of their investment lists. Eightcap has a wider selection overall, with 803 tradeable symbols and 55 forex pairs, compared with Octa’s 300 symbols and 35 forex pairs. Neither broker offers U.S.-listed exchange traded securities or direct crypto purchases, but Octa does provide access to international exchange traded securities, while Eightcap does not. Octa also includes copy trading, which Eightcap does not.
For range of investments, both brokers are rated 3.5 out of 5 stars. Even so, Eightcap is ranked higher by ForexBrokers.com in this category, placing #29 out of 36 brokers, while Octa sits at #33. If you want a broker with more symbols and more forex pairs, Eightcap has the edge. If you want access to international shares and copy trading, Octa may be the better fit.
| Feature |
Eightcap
|
Octa
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 803 | 300 |
| Forex Pairs (Total) | 55 | 35 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | No | 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.
Eightcap and Octa both give traders a choice of free demo accounts, Windows desktop platforms, web-based trading, MetaTrader 4, and MetaTrader 5, plus the ability to trade directly from a chart. Each broker also earns a 4-star rating for trading platforms and tools, showing that both offer a solid setup for everyday trading needs.
The main difference is that Octa adds its own in-house platform and copy trading, while Eightcap does not offer either feature. In ForexBrokers.com’s ranking for trading platforms and tools, Octa comes in slightly ahead at #30 out of 36 brokers, compared with Eightcap at #31, making Octa the better pick for traders who want more platform variety and social trading options.
| Feature |
Eightcap
|
Octa
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 100 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Eightcap and Octa both offer iPhone and Android trading apps, along with price alerts, trendline drawing, and auto-saving chart drawings. Each broker also earns the same 4-star rating for mobile trading apps, so both provide a solid trading experience for investors who want to manage positions on the go.
The main differences show up in charting and account sync. Eightcap gives mobile users access to 100 technical studies, compared with 30 at Octa, and it also syncs watchlists between the mobile app and online account. Octa does not offer watchlist syncing. In ForexBrokers.com’s mobile apps ranking, Octa places slightly higher at #29 out of 36 brokers, while Eightcap ranks #31.
| Feature |
Eightcap
|
Octa
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 100 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Eightcap and Octa both give traders daily market commentary and an economic calendar, so each broker covers the basics for staying on top of major news and scheduled events. The key difference is that Octa adds more third-party research support, including forex news from top names like Bloomberg, Reuters, and Dow Jones, plus Autochartist tools for chart analysis. Eightcap does not offer those sources, but it does provide sentiment tools that show long and short positioning, along with research from Acuity Trading.
When it comes to overall research, Octa comes out ahead. It is rated 4 out of 5 stars for Research and ranks #24 out of 36 brokers on ForexBrokers.com, while Eightcap earns 3.5 stars and ranks #33. In short, both brokers offer useful market updates, but Octa gives traders a wider mix of research features and a stronger research score overall.
| Feature |
Eightcap
|
Octa
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to beginner education, both Eightcap and Octa give new traders a fair amount of help. Each broker offers at least 10 beginner-focused videos on trading topics, and both provide a good amount of forex or CFD learning material. That said, Octa has the edge for ongoing learning because it offers monthly educational webinars, while Eightcap does not. Octa also stands out for experienced traders, with at least 10 advanced educational videos, whereas Eightcap does not meet that mark.
Overall, Eightcap is rated 3.5 stars for Education and ranks #31 out of 36 brokers on ForexBrokers.com, while Octa earns 4 stars but ranks slightly lower at #32. For beginners, Octa may be the better pick if you want more live learning and advanced content, while Eightcap still offers a solid starting point for first-time traders.
| Feature |
Eightcap
|
Octa
|
|---|---|---|
| Webinars | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Eightcap is better than Octa. Eightcap finished with an overall rank of #30, while Octa finished with an overall rank of #34.
Eightcap enhances its status as a MetaTrader-only broker with support for a suite of third-party plug-ins, including TradingView.
| Feature |
Eightcap
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Octa
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| Overall Rating |
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| Trust Score | 87 | 73 |
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Comparing online brokers Eightcap and Octa: neither supports buying real, delivered cryptocurrencies, but both offer cryptocurrency CFD trading.
Eightcap vs Octa: for deposit and withdrawal methods, neither supports ACH or SEPA, both support Skrill and bank wire transfers, Eightcap uniquely supports PayPal while Octa does not, and Visa/Mastercard availability is not specified for either.
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 | Eightcap | Octa | |
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| Trust Score | 87 | 73 | |
| Winner | check_circle | ||
| Review | Eightcap Review | Octa Review |
| Broker Screenshots | Eightcap | Octa | |
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| Regulation | Eightcap | Octa | |
|---|---|---|---|
| Trust Score | 87 | 73 | |
| Year Founded | 2009 | 2011 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | Eightcap | Octa | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| 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). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Eightcap | Octa | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Eightcap | Octa | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 803 | 300 | |
| Forex Pairs (Total) | 55 | 35 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | No | 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 | Eightcap | Octa | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.0 | 0.9 | |
| All-in Cost EUR/USD - Active | 0.76 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Eightcap | Octa | |
|---|---|---|---|
| Minimum Deposit | $100 | $25 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | Eightcap | Octa | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | Eightcap | Octa | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 100 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Eightcap | Octa | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 100 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Eightcap | Octa | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Eightcap | Octa | |
|---|---|---|---|
| Webinars | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes |
| Major Forex Pairs | Eightcap | Octa | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Eightcap Review | Octa Review |
| Overall | Eightcap | Octa | |
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| Trust Score | 87 | 73 | |
| Winner | check_circle | ||
| Review | Eightcap Review | Octa Review |
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