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 |
Octa has made significant strides in its pricing structure, aiming to become one of the most affordable options among MetaTrader brokers. It offers appealing benefits such as no slippage on 97.5% of executed orders and no overnight carry costs. However, Octa enforces certain restrictions that might affect high-frequency traders. The fees and commissions at Octa can vary based on the account type and the entity that regulates the account. European clients are generally serviced through the EU entity offering only MT5 accounts, whereas international clients can access both MT4 and MT5, along with OctaTrader. In terms of spreads, Octa's EU entity boasts a more competitive rate for the EUR/USD pair, averaging 0.5 pips compared to 0.9 pips for its other entities. Although these improvements enhance Octa's competitive edge, the lack of date-specific data for its average spreads lessens the reliability of this information.
On the other hand, FXPrimus does not provide clear average spread data, which can make it challenging for traders to fully evaluate its competitiveness in terms of pricing. Without detailed information on spreads, potential clients might find it difficult to directly compare FXPrimus with Octa in terms of cost-efficiency. Both brokers are rated four out of five stars for commissions and fees, indicating a similar level of customer satisfaction in this category. However, differences in transparency and data availability might influence a trader's decision when choosing between Octa and FXPrimus.
When analyzing overall rankings by ForexBrokers.com, Octa appears more favorably positioned, securing the 28th spot out of 62 brokers in the Commissions and Fees category. FXPrimus ranks lower at 42nd place, suggesting that while both brokers are commendable in their pricing, Octa may offer a slight advantage for potential clients seeking a broker with competitive fees and commissions.
| 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 the range of investments between Octa and FXPrimus, both platforms offer forex trading as CFDs or spot contracts. Octa provides a wider selection of tradeable symbols with 257 options, although FXPrimus offers slightly more tradeable forex pairs, counting 42 against Octa's 35. Neither broker supports the direct purchase of exchange-traded securities from U.S. exchanges, such as Apple shares. However, Octa gives investors the opportunity to buy shares from international exchanges, including companies like Vodafone, a feature FXPrimus does not offer.
Both Octa and FXPrimus enable investors to engage in copy trading, allowing users to replicate the trades of successful investors. For those interested in cryptocurrency, both brokers offer trading in cryptocurrency derivatives but not the actual cryptocurrencies. Each platform receives a rating of 3.5 stars for their range of investments. When it comes to their ranking on ForexBrokers.com, Octa holds the #52 spot, slightly ahead of FXPrimus, which is ranked at #59 out of 62 brokers evaluated in this category.
| Feature |
Octa
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 257 | 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 offer strong options for traders on the go. Both brokers provide apps for iPhone and Android, allowing users to trade wherever they are. Each app also supports stock and forex price alerts, so traders can react swiftly to market changes. Chart enthusiasts will appreciate that both platforms offer 30 technical studies and the ability to draw trendlines, ensuring a comprehensive charting experience. Additionally, traders can view charts in multiple time frames, whether daily, weekly, or intraday, and rely on auto-saving features for their chart drawings.
Though both brokers provide apps with real-time watchlists and solid charting capabilities, neither offers the convenience of watchlist symbol syncing between the mobile app and their online account. Octa receives a mobile trading app rating of 4 stars and ranks #36 out of 62 brokers on ForexBrokers.com, while FXPrimus also scores 4 stars but ranks slightly lower at #47. These ratings reflect the balanced features available on both apps, making them reliable choices; however, Octa seems to have a minor edge in overall ranking.
| 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
|
|---|---|---|
| Overall Rating |
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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) | 257 | 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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