Written by ForexBrokers.com
In this head to head comparison of Octa vs FXGT.com, 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 2011, Octa is an online broker that has gained a respectable position in the trading industry, holding a ForexBrokers.com Trust Score of 72. Octa operates with one Tier-1 and one Tier-2 license, which affirm its compliance with international regulatory standards. Even though Octa is neither publicly traded nor a bank, its licensing credentials place it in the average risk category according to ForexBrokers.com's rating system.
In comparison, FXGT.com entered the market more recently in 2019 and is rated with a ForexBrokers.com Trust Score of 69, categorizing it as a higher-risk option. Like Octa, FXGT.com is not publicly traded and does not operate as a bank. However, it also holds one Tier-1 and one Tier-2 license, suggesting it adheres to a certain level of regulatory oversight, despite its slightly lower trust rating. Both brokers provide traders with a pathway to access global markets, though it's important to consider their differing foundation years and trust ratings when making an informed choice.
| Feature |
Octa
|
FXGT.com
|
|---|---|---|
| Year Founded | 2011 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When it comes to commissions and fees, Octa has significantly improved and is now a strong contender among the most affordable MetaTrader brokers. They offer substantial benefits like no slippage on 97.5% of executed orders and the absence of overnight carry costs. However, there are some restrictions that may affect high-frequency traders. The fees and commissions at Octa vary depending on the account type and the regulatory entity under which the account is opened, with options available for both European and international clients through different entities. Octa's average spread for the EUR/USD pair is 0.5 pips under its EU entity, although the absence of a specified date range for spread data may affect its reliability. Octa receives 4 out of 5 stars and is ranked #29 out of 62 brokers for commissions and fees.
FXGT.com, on the other hand, does not provide detailed average spread data, making it challenging to assess its value against competitors. While the broker's exact fee structure remains somewhat vague, it garners a rating of 3.5 out of 5 stars in the commissions and fees category. Compared to Octa, FXGT.com ranks lower at #55 among 62 brokers, indicating that it may not be as competitive in terms of pricing.
In summary, Octa appears to be more advantageous for traders prioritizing lower trading costs, offering better transparency in fee structure and executing most orders without slippage or overnight charges. While FXGT.com may have its strengths, it does not match Octa's pricing appeal and transparency, which is reflected in its lower star rating and ranking position.
| Feature |
Octa
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $25 | $5 |
| 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 | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the variety of investments available, both Octa and FXGT.com offer forex trading through CFDs, allowing users to take advantage of market movements. Octa provides access to 300 tradeable symbols, including 35 forex pairs, while FXGT.com offers fewer symbols overall, with 117 tradeable options but a slightly higher number of forex pairs at 53. However, neither platform offers direct investment in U.S. exchange-traded securities, such as Apple shares, but Octa does provide access to non-U.S. international exchanges, a feature not available with FXGT.com. Both brokers support copy trading, which allows users to replicate the trades of successful investors, adding another layer of strategy for clients. Cryptocurrency trading on both platforms is limited to derivatives, offering no direct purchase options.
In terms of user experience based on available investment options, Octa receives a slightly higher rating of 3.5 stars compared to FXGT.com's 3 stars. This can be attributed to Octa’s broader range of tradeable symbols and access to international markets. According to a ranking by ForexBrokers.com, Octa holds the 52nd position out of 62 brokers for the range of investments, whereas FXGT.com comes in at 60th. These rankings reflect the capabilities each platform offers investors, with Octa having a slight edge due to its wider selection of securities and investment features.
| Feature |
Octa
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 300 | 117 |
| Forex Pairs (Total) | 35 | 53 |
| 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 Octa and FXGT.com, both brokers present useful options for different types of traders. Octa stands out with its proprietary platform, developed in-house, offering a unique experience. In contrast, FXGT.com does not have a proprietary platform, yet it still provides access to popular platforms like MetaTrader 4 and MetaTrader 5, which are also available through Octa. Both brokers support windows-based desktop and web-based trading platforms, and they each offer the valuable feature of simulated trading through free virtual demo accounts, allowing traders to practice without any financial risk. Additionally, copy trading is supported by both brokers.
Charting tools are another area of comparison between Octa and FXGT.com. While Octa provides 15 drawing tools, FXGT.com offers a larger variety with 23 drawing tools, enhancing the ability to personalize charts. Both brokers allow trading directly from stock charts, a convenient feature for quick decision-making. In terms of managing watch lists, Octa has a slight edge with 7 columns compared to 5 columns offered by FXGT.com. Despite these differences, both brokers achieve a rating of 4 stars for their trading platforms and tools. However, Octa ranks higher at #37 compared to FXGT.com's #56 in the ForexBrokers.com ranking of 62 brokers in this category.
| Feature |
Octa
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| 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 | 37 |
| Charting - Drawing Tools (Total) | 15 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Octa and FXGT.com have developed mobile apps for iPhone and Android users, catering to those who prefer trading on the go. Each app supports price alerts, helping traders stay updated on stock and forex movements. Perhaps one of the standout features of FXGT.com is its ability to sync watchlists between the mobile app and the client's online account, a feature not available with Octa. Both brokers offer 30 technical studies for charting, which can help users analyze market trends more effectively. Additionally, app users can draw trendlines and view multiple time frames on their charts, along with the convenience of auto-saving these drawings. Creating watchlists with real-time quotes is another handy feature provided by both platforms.
When it comes to user ratings and rankings, Octa holds a slight edge. With a rating of 4 stars, it surpasses FXGT.com's 3.5-star rating for mobile trading apps. This difference is further reflected in their industry rankings: Octa is positioned at #35 out of 62 brokers, while FXGT.com is ranked at #58 in the Mobile Trading Apps category, according to ForexBrokers.com. Whether you prioritize the ability to sync watchlists or overall user experience might guide your choice between these two platforms.
| Feature |
Octa
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| 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 comparing Octa to FXGT.com for market research features, Octa emerges as a compelling choice for traders valuing comprehensive insights. Octa stands out by offering daily market commentary and access to forex news from prestigious sources like Bloomberg and Reuters. Additionally, it provides tools from Autochartist, aiding in technical and fundamental analysis. In contrast, FXGT.com lacks daily market commentary and access to top-tier forex news but does provide a sentiment-based trading tool that shows position ratios across currency pairs, a feature Octa doesn't offer. Both platforms provide an economic calendar, ensuring traders are aware of important global news events.
Evaluating their research ratings, Octa scores higher with a 4-star rating compared to FXGT.com's 3-star rating. This distinction is further reflected in their rankings by ForexBrokers.com, where Octa is ranked 26th out of 62 brokers for research, significantly ahead of FXGT.com, which is ranked 56th. These metrics suggest that Octa offers a more comprehensive package for traders seeking detailed market insights, while FXGT.com offers some unique tools suited to traders focusing on market sentiment.
| Feature |
Octa
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational offerings of Octa and FXGT.com for beginner traders, Octa emerges as the more comprehensive option. Octa provides a wealth of resources, including over 10 educational pieces focused on forex and CFDs, alongside regular online webinars to help newcomers grasp trading concepts. These webinars are not only frequent, occurring at least once a month, but also accessible after the fact through a searchable archive, which is a great help for revisiting specific topics. Additionally, Octa offers an extensive collection of at least 10 beginner trading videos, designed specifically to provide foundational knowledge and build confidence for those new to trading. For those ready to advance further, Octa also includes more than 10 advanced videos for experienced traders. An investor dictionary with over 50 definitions complements these resources, catering to anyone keen on expanding their financial vocabulary.
In contrast, FXGT.com lacks the depth of educational content provided by Octa. It does not meet the criteria of offering 10 educational pieces focusing on forex or CFDs, nor does it provide monthly webinars or a searchable archive of past sessions, which could significantly benefit those looking to deepen their understanding of the market. While FXGT.com does offer an investor dictionary similar to Octa, its educational resources fall short for beginners and those seeking progression with advanced materials. Consequently, these differences are reflected in their respective rankings and ratings, with Octa scoring 4 out of 5 stars for education and ranked #42 among 62 brokers, whereas FXGT.com scores 3 stars and is ranked #59 in the same category.
| Feature |
Octa
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| 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 Octa is better than FXGT.com. Octa finished with an overall rank of #47, while FXGT.com finished with an overall rank of #58.
Octa offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform.
| Feature |
Octa
|
FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 72 | 69 |
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Both Octa and FXGT.com do not offer the ability to buy actual delivered cryptocurrency, but they do provide options to trade cryptocurrency derivatives.
While both Octa and FXGT.com provide Visa, Mastercard, and bank wire options for fund transfers, FXGT.com uniquely supports ACH or SEPA transfers, whereas Octa stands out with Skrill availability, with neither offering PayPal as a deposit or withdrawal method.
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 | FXGT.com | |
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| Trust Score | 72 | 69 | |
| Winner | check_circle | ||
| Review | Octa Review |
| Broker Screenshots | Octa | FXGT.com | |
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| Regulation | Octa | FXGT.com | |
|---|---|---|---|
| Trust Score | 72 | 69 | |
| Year Founded | 2011 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | Octa | FXGT.com | |
|---|---|---|---|
| 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 | Yes |
| Tier-2 Licenses (Trusted) | Octa | FXGT.com | |
|---|---|---|---|
| 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 | Octa | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 300 | 117 | |
| Forex Pairs (Total) | 35 | 53 | |
| 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 | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $25 | $5 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Octa | FXGT.com | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 5 | |
| Charting - Indicators / Studies (Total) | 30 | 37 | |
| Charting - Drawing Tools (Total) | 15 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Octa | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| 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 | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Octa | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Octa | FXGT.com | |
|---|---|---|---|
| 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 | Octa | FXGT.com | |
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| Trust Score | 72 | 69 | |
| Winner | check_circle | ||
| Review | Octa Review |
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