Written by ForexBrokers.com
In this head to head comparison of Octa vs FXPrimus, 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 FXPrimus, a few key differences and similarities come into focus. Both brokers are relatively young, with FXPrimus founded in 2009 and Octa in 2011. Neither is publicly traded or operates as a bank. In terms of regulatory credentials, both brokers have one Tier-1 license, which is highly trusted by industry standards. However, Octa holds an additional Tier-2 license, marking a slight edge in regulatory trustworthiness over FXPrimus.
In terms of trustworthiness as rated by ForexBrokers.com, Octa has a Trust Score of 72, indicating an average risk, while FXPrimus trails slightly with a score of 71. Although both brokers fall in the same risk category, Octa's additional regulatory license may offer some customers an extra layer of assurance. This information could be beneficial for potential investors or traders weighing their options between these two brokers.
| Feature |
Octa
|
FXPrimus
|
|---|---|---|
| Year Founded | 2011 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| 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 and FXPrimus, both achieve a 4-star rating. However, they differ significantly in their rankings, with Octa positioned at #29 out of 62 brokers by ForexBrokers.com, while FXPrimus ranks at #42. Octa has been making notable strides in improving its pricing structure, positioning itself closer to the lower-cost MetaTrader brokers. It offers no slippage on 97.5% of executed orders and has eliminated overnight carry costs, though it imposes restrictions that may impact high-frequency traders.
Octa's commissions and fees are largely determined by the chosen account type and the regulatory entity. European clients typically access services through the EU entity, which supports only MT5 accounts. In contrast, international clients have access to accounts through entities in South Africa or Octa's offshore base in Mwali, offering both MT4 and MT5 accounts, along with OctaTrader. Spread pricing at Octa varies by the regulatory body, with the EU entity offering an average 0.5 pips spread on EUR/USD, compared to 0.9 pips with foreign entities. However, the lack of a date range for Octa’s spread data makes direct comparisons challenging.
In contrast, FXPrimus does not provide average spread data, which may affect traders seeking detailed pricing information. While both brokers share a similar star rating, the differences in their rankings and provided spread data highlight Octa's recent advancements in pricing transparency and competitiveness in the market.
| Feature |
Octa
|
FXPrimus
|
|---|---|---|
| Minimum Deposit | $25 | $100 |
| 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 FXPrimus for their range of investments, both brokers provide opportunities for forex trading as CFDs or spot contracts. Octa offers a wider array of tradeable symbols, boasting 300 options compared to FXPrimus's 140. However, when it comes to tradeable forex pairs, FXPrimus takes the lead with 42 pairs, surpassing Octa's 35. Neither broker provides access to exchange-traded securities on U.S. exchanges, meaning that buying shares of major companies like Apple isn't possible. However, Octa allows investors to tap into international markets, offering exchange-traded securities outside of the U.S., unlike FXPrimus.
Both Octa and FXPrimus support copy trading, allowing users to follow the trades of more experienced investors. While neither broker provides the option to purchase actual cryptocurrencies, they both offer cryptocurrency derivatives for those looking to enter digital markets. Each platform is rated 3.5 stars for their range of investments. However, Octa ranks slightly higher in the field according to ForexBrokers.com, positioned at #52 out of 62 brokers, which puts it ahead of FXPrimus which stands at #59.
| Feature |
Octa
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 300 | 140 |
| Forex Pairs (Total) | 35 | 42 |
| 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 FXPrimus, both brokers deliver comprehensive services for traders of all levels. Each provides access to simulated trading through free virtual demo accounts, allowing users to practice without financial risk. Both brokers have developed proprietary platforms, ensuring a personalized trading experience. Traders can access Windows-based desktop platforms, as well as convenient web-based (browser) options with each broker. Additionally, both Octa and FXPrimus facilitate copy trading and support MetaTrader 4 (MT4) and MetaTrader 5 (MT5), but neither offers DupliTrade or ZuluTrade.
In terms of specific features, both Octa and FXPrimus offer the capability to trade directly from stock charts and provide 15 drawing tools for enhanced charting. Watch lists can be customized with seven columns, helping traders keep track of preferred markets. While the number of technical indicators available for charting with each broker is unspecified, their offerings generally meet user expectations. Both brokers are rated four stars for their trading platforms and tools. However, Octa ranks slightly higher at 37th out of 62 brokers, compared to FXPrimus at 49th in the same category according to ForexBrokers.com.
| Feature |
Octa
|
FXPrimus
|
|---|---|---|
| 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 it comes to mobile trading apps, both Octa and FXPrimus cater to iPhone and Android users, offering stock and forex price alerts. They each support technical analysis with 30 technical studies and the ability to draw trendlines on charts. Both apps also let users view charts across multiple time frames and have features to auto-save drawings. Creating a watchlist with real-time quotes is also available on both platforms.
Overall, Octa and FXPrimus share a lot of common features, but a key difference is their rankings in the mobile trading app category. While both brokers receive a four-star rating, Octa is ranked 35th out of 62 brokers by ForexBrokers.com, whereas FXPrimus is a bit further down the list at 48th. However, neither platform offers watchlist symbol syncing, so users should be mindful of managing watchlists separately on mobile and online accounts.
| Feature |
Octa
|
FXPrimus
|
|---|---|---|
| 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.
When it comes to market research, both Octa and FXPrimus provide daily market commentary, ensuring that their users are well-informed on the latest developments. However, Octa stands out by offering forex news from reliable, top-tier sources like Bloomberg and Reuters, which FXPrimus does not. Furthermore, Octa integrates tools like Autochartist for technical and fundamental analysis, while FXPrimus lacks these advanced features. Both brokers miss out on research tools from Trading Central and Acuity Trading, as well as sentiment-based trading tools and market insights from TipRanks.
In terms of economic calendars, both Octa and FXPrimus keep traders up to date with current and upcoming global news events. However, Octa’s broader range of research tools awards it a higher research rating of 4 stars compared to FXPrimus's 3 stars. This distinction highlights Octa's competitive edge in market research, with its rank at 26th among 62 brokers, significantly outperforming FXPrimus, which is ranked 58th. For traders seeking comprehensive research tools and reliable news sources, Octa offers a more encompassing service than FXPrimus.
| Feature |
Octa
|
FXPrimus
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| 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 offered by Octa and FXPrimus, both platforms provide a good foundation for beginners interested in forex or CFDs, each boasting over ten pieces of educational content, including articles, videos, and archived webinars. Both brokers also hold regular webinars online at least once a month and maintain a searchable archive of these sessions for easy access to past content. However, Octa takes a slight edge by offering at least ten beginner-focused educational videos specifically tailored for newcomers, while FXPrimus does not.
Octa further sets itself apart with a collection of over ten advanced educational videos for seasoned traders, a feature FXPrimus lacks. Additionally, Octa provides an extensive investor dictionary, with definitions for over 50 investing terms, enhancing the learning experience for traders looking to expand their vocabulary and understanding of industry jargon. Rated 4 stars for education and ranked 41st out of 62 brokers by ForexBrokers.com, Octa is positioned slightly above FXPrimus, which holds a 3-star rating and is ranked 51st. These distinctions make Octa a stronger choice for those seeking comprehensive educational resources.
| Feature |
Octa
|
FXPrimus
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| 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 FXPrimus. Octa finished with an overall rank of #47, while FXPrimus finished with an overall rank of #53.
Octa offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform.
| Feature |
Octa
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FXPrimus
|
|---|---|---|
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| Trust Score | 72 | 71 |
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Both Octa and FXPrimus do not offer the ability to purchase actual, delivered cryptocurrency, but they do provide options for trading cryptocurrency derivatives, allowing users to gain exposure to the crypto market without owning the underlying asset.
Both Octa and FXPrimus provide users with the ability to deposit or withdraw funds using Skrill, Visa, Mastercard, and bank wires, but neither offers ACH, SEPA, or PayPal as options for financial 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 | Octa | FXPrimus | |
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| Trust Score | 72 | 71 | |
| Winner | check_circle | ||
| Review | Octa Review |
| Broker Screenshots | Octa | FXPrimus | |
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| Regulation | Octa | FXPrimus | |
|---|---|---|---|
| Trust Score | 72 | 71 | |
| Year Founded | 2011 | 2009 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Octa | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 300 | 140 | |
| Forex Pairs (Total) | 35 | 42 | |
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Minimum Deposit | $25 | $100 | |
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Octa | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Octa | FXPrimus | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
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| Trust Score | 72 | 71 | |
| Winner | check_circle | ||
| Review | Octa Review |
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