Written by ForexBrokers.com
In this head to head comparison of Octa vs Forex4you, 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.
When comparing online brokers Octa and Forex4you, several factors reveal their trustworthiness and regulatory standing. Founded in 2011, Octa holds one Tier-1 license, reflecting a high level of reliability in the financial industry. Additionally, Octa is supported by one Tier-2 license and has a Trust Score of 72 out of 99 according to ForexBrokers.com. This score suggests that Octa poses an average level of risk, offering prospective users a reasonable sense of confidence.
In contrast, Forex4you, established in 2007, does not hold any Tier-1 or Tier-2 licenses. This absence of regulatory licenses, combined with a Trust Score of 61, positions Forex4you in a high-risk category. While neither Octa nor Forex4you is publicly traded or operates as a bank, the regulatory and trust differences between the two brokers are clear, with Octa being a more secure choice for online trading.
| Feature |
Octa
|
Forex4you
|
|---|---|---|
| Year Founded | 2011 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 0 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of online brokers, Octa stands out for its recent improvements, making it one of the more cost-effective options in the MetaTrader category. Octa avoids slippage on 97.5% of executed trades and charges no overnight carry costs, although high-frequency traders may face some restrictions. The broker's pricing varies depending on the account type and the regulatory entity, with different conditions for European and international clients. Its European entity offers an average spread of 0.5 pips on the EUR/USD pair, while its foreign entities offer 0.9 pips. Octa garners a commendable 4-star rating for its commissions and fees and is ranked 28th out of 62 brokers by ForexBrokers.com, highlighting its competitive edge.
In contrast, Forex4you provides limited information on average spread data, which can make evaluating its fees and commissions challenging. With a 3.5-star rating in this category, it doesn't quite match Octa's performance but still offers reasonable pricing. Forex4you is ranked 53rd among 62 brokers on ForexBrokers.com when it comes to commissions and fees, suggesting there may be more cost-efficient alternatives for traders seeking competitive pricing.
| Feature |
Octa
|
Forex4you
|
|---|---|---|
| Minimum Deposit | $25 | $0 |
| Average Spread EUR/USD - Standard | 0.9 | N/A |
| 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) | 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 Octa and Forex4you in terms of their investment offerings, both platforms provide access to forex trading as CFDs or spot contracts. Octa excels by offering a wider range of tradeable symbols, with 257 available options compared to Forex4you's 150. While Forex4you surpasses Octa slightly in the number of tradeable forex pairs with 43 against Octa's 35, both platforms maintain competitive offerings in this category. Notably, neither broker offers exchange-traded securities on U.S. exchanges, which means you cannot buy stocks like Apple directly via their platforms.
Octa distinguishes itself by offering exchange-traded securities on international exchanges, allowing clients to invest in shares like Vodafone from the London Stock Exchange, a feature not available with Forex4you. Both platforms support copy trading and offer cryptocurrency derivatives, although neither provides the option to purchase actual cryptocurrencies. Despite a similar rating of 3.5 stars for their range of investments, Octa ranks slightly higher at #52 compared to Forex4you's #58 out of 62 brokers as assessed by ForexBrokers.com, reflecting a slightly more favorable position in this category.
| Feature |
Octa
|
Forex4you
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 257 | 150 |
| Forex Pairs (Total) | 35 | 43 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| 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 online brokers Octa and Forex4you, both provide traders with robust features that cater to a variety of trading preferences. They each offer simulated trading through free virtual demo accounts, which is essential for beginners looking to practice without financial risk. Both brokers have developed proprietary platforms and also support popular platforms like MetaTrader 4 and MetaTrader 5 for desktop and web-based trading. This flexibility extends to Windows-based downloadable desktop platforms and browser-based solutions, providing a seamless experience across different devices. Copy trading is available with both Octa and Forex4you, but neither supports DupliTrade or ZuluTrade, focusing instead on their proprietary tools.
Charting and analysis are strong suits for Octa and Forex4you, offering 15 drawing tools and allowing trading directly from stock charts. Watch lists with seven customizable columns further enhance the user experience. Despite these similarities, Octa edges out Forex4you in rankings provided by ForexBrokers.com, coming in at #37 compared to Forex4you's #52. Both are rated four out of five stars for their Trading Platforms and Tools, reflecting commendable performance. Whether you are a novice or an experienced trader, both brokers provide a solid foundation for your trading journey with a variety of features tailored to meet diverse trading needs.
| Feature |
Octa
|
Forex4you
|
|---|---|---|
| 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 choosing between Octa and Forex4you for mobile trading apps, both brokers provide comprehensive services compatible with iPhone and Android devices. They equally offer useful features like stock and forex price alerts and the ability to create watchlists with real-time quotes. However, both apps lack watchlist symbol syncing, meaning changes made on mobile do not sync with your online account. For charting, each app includes 30 technical studies and enables users to draw trendlines, view multiple time frames, and auto-save chart drawings.
In terms of overall performance, both Octa and Forex4you receive a solid 4-star rating for their mobile trading apps. However, comparisons of their rankings on ForexBrokers.com reveal a distinctive edge for Octa, which stands at #36 out of 62 brokers, as opposed to Forex4you, which is ranked at #50. This ranking suggests a slight preference for Octa's app, possibly indicating better user satisfaction or broader functionality compared to Forex4you.
| Feature |
Octa
|
Forex4you
|
|---|---|---|
| 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.
Both Octa and Forex4you excel in providing essential market insights for traders, offering daily market commentary and forex news from top-tier sources like Bloomberg and Reuters. They each provide access to technical analysis tools from Autochartist, ensuring traders have valuable resources at their fingertips. However, when it comes to additional analytical support, Forex4you takes the lead by offering tools from Trading Central, which are not available with Octa. Despite this, neither broker currently offers sentiment-based trading tools, research from TipRanks, or tools from Acuity Trading, yet both do deliver comprehensive economic calendars.
When assessing overall research quality, Octa shines with a 4-star rating, placing it at the 26th position among 62 brokers on ForexBrokers.com. In contrast, Forex4you receives a 3.5-star rating, ranking 47th. These differences highlight Octa's broad appeal in providing solid research capabilities, though Forex4you may be beneficial for those prioritizing Trading Central's tools. Ultimately, the choice between Octa and Forex4you hinges on a trader's specific research and analysis needs.
| Feature |
Octa
|
Forex4you
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | No | Yes |
| 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 comparing the educational resources for beginners at Octa and Forex4you, both platforms provide more than 10 educational pieces about forex and CFDs, including articles and videos. Octa, however, steps ahead with monthly online educational webinars, while Forex4you lacks this feature. Also, Octa presents a comprehensive archive of recorded webinars, easily accessible to users, similarly matched by Forex4you. However, Octa really shines by offering over 10 videos specifically designed for beginners, covering essential trading topics, whereas Forex4you falls short in this area. Furthermore, Octa enhances its educational offerings with advanced trading videos and an investor dictionary with over 50 investing terms, which Forex4you does not provide.
Despite both platforms having their strengths, Octa's commitment to educating its users is reflected in its superior four-star education rating, while Forex4you holds a slightly lower rating of 3.5 stars. Interestingly, Forex4you ranks higher at number 25 out of 62 brokers according to ForexBrokers.com, compared to Octa's ranking at number 41. This indicates that while Forex4you might rank higher overall, Octa offers a more comprehensive suite of educational tools, especially beneficial for those starting their trading journey. This focus on rich educational content makes Octa a strong contender for beginners seeking in-depth learning resources.
| Feature |
Octa
|
Forex4you
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Octa is better than Forex4you. Octa finished with an overall rank of #47, while Forex4you finished with an overall rank of #55.
Octa offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform.
| Feature |
Octa
|
Forex4you
|
|---|---|---|
| Overall Rating |
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| Trust Score | 72 | 61 |
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Both Octa and Forex4you do not provide the option to purchase actual delivered cryptocurrency, but they do offer the ability to buy cryptocurrency derivatives.
Both Octa and Forex4you do not support ACH or SEPA transfers or PayPal for deposits and withdrawals, but they do offer fund transfer options via Skrill, Visa or Mastercard, and bank wires.
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 | Octa | Forex4you | |
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| Trust Score | 72 | 61 | |
| Winner | check_circle | ||
| Review | Octa Review |
| Broker Screenshots | Octa | Forex4you | |
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| Regulation | Octa | Forex4you | |
|---|---|---|---|
| Trust Score | 72 | 61 | |
| Year Founded | 2011 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 1 | 0 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Octa | Forex4you | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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 | No |
| Tier-2 Licenses (Trusted) | Octa | Forex4you | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Octa | Forex4you | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 257 | 150 | |
| Forex Pairs (Total) | 35 | 43 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| 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 | Octa | Forex4you | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.9 | N/A | |
| 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 | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Octa | Forex4you | |
|---|---|---|---|
| Minimum Deposit | $25 | $0 | |
| 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 | No | No |
| Trading Platforms | Octa | Forex4you | |
|---|---|---|---|
| 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 | Octa | Forex4you | |
|---|---|---|---|
| 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 | Octa | Forex4you | |
|---|---|---|---|
| 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 | Octa | Forex4you | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Octa | Forex4you | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Octa | Forex4you | |
|---|---|---|---|
| GBP/USD | Yes | No | |
| USD/JPY | Yes | No | |
| EUR/USD | Yes | No | |
| USD/CHF | Yes | No | |
| USD/CAD | Yes | No | |
| NZD/USD | Yes | No | |
| AUD/USD | Yes | No | |
| Review | Octa Review |
| Overall | Octa | Forex4you | |
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| Trust Score | 72 | 61 | |
| Winner | check_circle | ||
| Review | Octa Review |
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