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 evaluating the commission and fee structures of online brokers Octa and FXGT.com, Octa has shown significant improvement in pricing over the years. It aims to align itself with the lowest-cost MetaTrader brokers. While Octa proudly reports no slippage on 97.5% of its executed orders and no overnight carry costs, it does impose certain restrictions that could affect high-frequency traders. FXGT.com, on the other hand, does not provide average spread data, making it challenging for traders to assess the exact costs involved.
Octa's commissions and fees vary based on the account type and the regulatory entity overseeing the account. European clients can select the EU entity, offering MT5 with a single account option. International clients have access to both MT4 and MT5, along with the OctaTrader accounts through its South African or offshore entities. Notably, Octa's spread pricing is slightly more competitive for the EUR/USD pair in the EU, listing an average spread of 0.5 pips compared to 0.9 pips for foreign entities, despite not providing a date range for its typical spread data. This lack of date reference slightly diminishes the weight of its claim compared to brokers who offer more transparency.
In terms of ratings, Octa earns a 4-star rating, placing it at rank #28 out of 62 brokers in the Commissions and Fees category according to ForexBrokers.com. In contrast, FXGT.com receives a 3.5-star rating and ranks at #55. While Octa is positioned better in both rating and rank, the decision may depend on factors such as transparency in pricing and suitability for various trading strategies.
| 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.
For individuals exploring forex trading, both Octa and FXGT.com offer opportunities to trade forex as CFDs or spot contracts. Octa provides access to 257 tradeable symbols with 35 forex pairs, while FXGT.com offers a smaller selection of 117 symbols, but with 53 forex pairs available. Neither platform facilitates direct trade in American exchange-listed securities like Apple, yet Octa stands out with access to international stocks, such as Vodafone on the London Stock Exchange, a feature FXGT.com lacks. Both brokers allow for copy trading experiences, enhancing their appeal to those who prefer to follow the strategies of more seasoned traders.
When it comes to cryptocurrency investments, neither Octa nor FXGT.com enables users to purchase actual digital coins but both offer trading in crypto derivatives. In terms of ratings for their investment range, Octa receives a rating of 3.5 stars, slightly surpassing FXGT.com’s 3-star rating. In rankings by ForexBrokers.com, Octa places 52nd out of 62 brokers for its range of investments, better than FXGT.com's standing at 60th. Both platforms offer diverse opportunities, yet Octa's broader spectrum of investment options and slightly higher ratings suggest a more extensive trading experience.
| Feature |
Octa
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 257 | 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.
When comparing Octa and FXGT.com in terms of their mobile trading apps, both platforms offer comprehensive features for both iPhone and Android users. They each provide stock and forex price alerts and allow traders to create watchlists with real-time quotes. Both apps boast the ability to draw trendlines and view different time frames on charts while auto-saving any drawings made. Each app supports 30 technical studies, ensuring a rich analytic experience for users.
However, when it comes to syncing watchlist symbols across devices, FXGT.com offers an edge by allowing seamless integration between the app and the client’s online account, a feature not available with Octa. Despite Octa being rated higher at 4 stars compared to FXGT.com's 3.5 stars for mobile trading experience, the rankings by ForexBrokers.com show Octa at #36 while FXGT.com trails at #58 among 62 brokers. This data may suggest a difference in user satisfaction and performance across these 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 diving into the world of online trading, especially for beginners, the educational resources provided by your chosen broker can make all the difference. Between Octa and FXGT.com, Octa stands out significantly for those new to forex and CFDs. Octa offers a wide array of over ten educational pieces focused on forex or CFDs, which include articles, videos, and archived webinars. Beginners have access to monthly online webinars, offering a steady stream of learning opportunities, and can revisit previous sessions through a well-organized archive. Furthermore, Octa provides a comprehensive set of instructional videos tailored for beginners as well as advanced traders, ensuring that their learning journey is both thorough and ongoing.
In contrast, FXGT.com lacks the same depth in educational offerings. They do not meet the minimum threshold of ten forex or CFDs-focused educational materials and do not hold regular webinars for beginners. Additionally, FXGT.com has no archive of past webinars and offers fewer educational videos for beginners and advanced traders alike. Despite both brokers providing an investor dictionary with definitions of at least 50 investing terms, Octa’s overall educational rating of 4 stars compared to FXGT.com’s 3 stars reflects their broader and more accessible educational resources. With a higher ranking by ForexBrokers.com, Octa is a more favorable option for traders keen on leveraging comprehensive educational tools.
| 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
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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) | 257 | 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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