Written by ForexBrokers.com
In this head to head comparison of FxPro vs Octa, 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.
FxPro and Octa, both established online brokers, offer various services to traders looking to navigate financial markets. FxPro, founded in 2006, has a solid reputation in the industry with a Trust Score of 90 from ForexBrokers.com, categorizing it as highly trusted. It holds two Tier-1 licenses, which are indicative of a trustworthy brokerage, and one Tier-2 license, further emphasizing its credibility. Despite not being a publicly traded company or a bank, FxPro has managed to maintain strong regulatory standards, providing reassurance to its clients.
In contrast, Octa, which was founded more recently in 2011, carries a ForexBrokers.com Trust Score of 72, placing it in the average risk category. Octa holds one Tier-1 and one Tier-2 license, showing a moderate level of trust and regulatory compliance. Like FxPro, Octa is neither a publicly traded company nor a bank, but it appeals to traders who might prioritize different aspects of trading. While both brokers provide unique offerings, their regulatory standings might influence clients seeking assurance in compliance and trustworthiness.
| Feature |
FxPro
|
Octa
|
|---|---|---|
| Year Founded | 2006 | 2011 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing the commissions and fees of FxPro and Octa, both brokers offer a unique set of pricing structures, making them distinct choices for traders. FxPro's pricing is generally above the industry average, positioning it at a slight disadvantage to other peers. FxPro provides variable or fixed spreads on MT4, offering different execution methods - instant and market. While instant execution presents the possibility of requotes but no slippage, market execution may experience slippage without requotes. Notably, FxPro's cTrader offers its most competitive spreads with commission-based pricing, averaging around 1.27 pips for the EUR/USD pair. Despite a generous active trader program with discounts, FxPro continues to trail behind industry leaders like FOREX.com and IG. FxPro is rated 4 stars and is ranked 32nd out of 62 brokers for commissions and fees by ForexBrokers.com.
Octa, on the other hand, has significantly improved its pricing structure and is catching up to the lowest-cost MetaTrader brokers. With no slippage on 97.5% of executed orders and no overnight carry costs, Octa offers a competitive edge, despite restrictions for high-frequency traders. The fees and commissions depend on the type of account and the regulatory entity chosen by the traders, with European clients opting for the EU entity and international clients often choosing between South Africa and Mwali. Spreads at Octa differ by entity, with the EU entity offering an average of 0.5 pips on the EUR/USD pair, contrasting with 0.9 pips by its foreign counterparts. Although the precise comparison is limited due to the absence of specified date ranges for its typical spread data, Octa's pricing aligns well with leading MetaTrader brokers. Octa is also rated at 4 stars but holds a slightly better ranking at 28th out of 62 brokers in the same category.
| Feature |
FxPro
|
Octa
|
|---|---|---|
| Minimum Deposit | $100 | $25 |
| Average Spread EUR/USD - Standard | 1.51 | 0.9 |
| All-in Cost EUR/USD - Active | 1.27 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | 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.
FxPro and Octa both provide a platform for forex trading through CFDs or spot contracts, catering well to currency traders. FxPro stands out by offering access to a significantly larger pool of tradeable symbols with 2,249 options, compared to Octa's 257. Forex traders will find a wider selection with FxPro's 70 tradeable forex pairs, while Octa offers 35 pairs. When it comes to exchange-traded securities, both platforms allow investments in international markets, giving users the ability to buy shares such as Vodafone listed on the London Stock Exchange. Neither broker, however, offers exchange-traded securities in the U.S. markets or the option to purchase actual cryptocurrency, though they both provide the ability to trade cryptocurrency derivatives.
When considering additional features, both brokers include options for copy trading, which is beneficial for those looking to follow the strategies of more experienced traders. In terms of rankings and ratings, FxPro has an edge with a 4-star rating for its range of investments and is ranked 28th out of 62 brokers by ForexBrokers.com. Meanwhile, Octa holds a 3.5-star rating in the same category and is placed 52nd. This positioning might influence decision-making for investment opportunities, especially for those prioritizing the breadth of assets available for trading.
| Feature |
FxPro
|
Octa
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 257 |
| Forex Pairs (Total) | 70 | 35 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| 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 FxPro and Octa for their trading platforms and tools, both brokers offer a wide range of options catering to different trader preferences. They each provide a simulated trading experience through free virtual demo accounts, which is ideal for beginners. Furthermore, both brokers boast in-house developed proprietary platforms alongside the popular MetaTrader 4 and MetaTrader 5 platforms. For those preferring browser-based convenience, FxPro and Octa offer web-based trading platforms and Windows-based desktop versions, enabling seamless trading across devices. Copy trading services are available with both brands, although neither supports DupliTrade or ZuluTrade integrations.
In terms of charting capabilities, FxPro provides traders with a greater variety of drawing tools, numbering 25, compared to Octa’s 15. However, Octa offers an extra column for watch lists, providing seven compared to FxPro's six columns. Both brokers enable traders to execute trades directly from stock charts, enhancing the trading experience. While both companies share a 4-star rating for Platforms and Tools, FxPro holds a higher rank at #19 compared to Octa's #37 according to ForexBrokers.com, indicating a slightly stronger preference for FxPro’s offerings among brokers.
| Feature |
FxPro
|
Octa
|
|---|---|---|
| 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) | 53 | 30 |
| Charting - Drawing Tools (Total) | 25 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of FxPro and Octa, both brokers offer applications for iPhone and Android users, ensuring convenient access to trading on the go. Both apps provide essential features such as stock and forex price alerts, the capability to draw trendlines on charts, and the ability to view multiple time frames. While these similarities provide a good foundation for mobile trading, the apps differ in several significant areas that can influence a trader's choice.
FxPro stands out with 65 technical studies available for charting, significantly more than Octa's 30, providing a richer toolkit for traders who rely on detailed technical analysis. Moreover, FxPro offers watchlist symbol syncing, allowing a seamless experience between the mobile app and online account, a feature not supported by Octa. Both platforms enable creating watchlists with real-time quotes and auto-saving drawings, but FxPro edges ahead with a higher user rating of 4.5 stars compared to Octa's 4 stars. Additionally, FxPro is ranked #15 by ForexBrokers.com for mobile trading apps, while Octa is positioned at #36, indicating a stronger performance in user satisfaction and app functionality for FxPro.
| Feature |
FxPro
|
Octa
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 65 | 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.
FxPro and Octa both provide valuable resources for those interested in market research. They offer daily market commentary and deliver forex news from reputable sources such as Bloomberg, Reuters, and Dow Jones. While FxPro provides tools from Trading Central, which assist with technical analytics, Octa features tools from Autochartist, a company known for its technical analysis and fundamental research. Additionally, FxPro offers a sentiment-based trading tool that gives insights into trader positions across various instruments, a feature Octa currently does not provide. Both brokers ensure their clients stay updated with economic calendars, highlighting global news events impacting different economies.
In terms of research ratings, both FxPro and Octa enjoy a similar standing, each earning four out of five stars. However, when ranked by ForexBrokers.com, Octa takes a slight lead at #26, just ahead of FxPro at #27, out of a total of 62 brokers. Despite their differences, both platforms provide solid research support, making them competitive choices for traders looking to stay informed and make educated trading decisions.
| Feature |
FxPro
|
Octa
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
FxPro and Octa both serve as excellent gateways for beginners stepping into the world of forex and CFDs trading, offering a wide array of educational materials. Both brokers provide more than ten educational resources, such as articles, videos, and archived webinars, which are especially helpful for newcomers. Each platform also includes a searchable archive of past webinars, ensuring that users can access and learn from previous sessions at their convenience. Additionally, beginners can benefit from at least ten educational videos specifically tailored to lay the groundwork for a competent trading journey on both platforms.
While both brokers are committed to educating new traders, some differences are noteworthy. FxPro lacks monthly live educational webinars, a feature provided by Octa, making it a draw for those who prefer real-time learning. However, in terms of advanced educational videos catering to experienced traders, Octa takes the lead with more substantial offerings in this segment. For educational resources, both brokers share a comparable rating of four stars, but FxPro ranks higher at 17th place compared to Octa's 41st on ForexBrokers.com. This suggests that while both platforms stand on solid ground for helping beginners, individuals aiming to advance their knowledge may find Octa more resourceful in certain areas.
| Feature |
FxPro
|
Octa
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| 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 FxPro is better than Octa. FxPro finished with an overall rank of #21, while Octa finished with an overall rank of #47.
FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
| Feature |
FxPro
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Octa
|
|---|---|---|
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| Trust Score | 90 | 72 |
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Both FxPro and Octa do not provide the option to buy actual delivered cryptocurrency, but they do offer the ability to trade cryptocurrency derivatives.
Comparing the online brokers FxPro and Octa reveals that FxPro offers a broader range of deposit and withdrawal options, including ACH and SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, while Octa supports Skrill, Visa or Mastercard, and bank wires but lacks ACH, SEPA transfers, and PayPal.
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 | FxPro | Octa | |
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| Trust Score | 90 | 72 | |
| Winner | check_circle | ||
| Review | FxPro Review | Octa Review |
| Broker Screenshots | FxPro | Octa | |
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| Regulation | FxPro | Octa | |
|---|---|---|---|
| Trust Score | 90 | 72 | |
| Year Founded | 2006 | 2011 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | FxPro | Octa | |
|---|---|---|---|
| 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) | Yes | 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) | FxPro | Octa | |
|---|---|---|---|
| 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 | FxPro | Octa | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2249 | 257 | |
| Forex Pairs (Total) | 70 | 35 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| 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 | FxPro | Octa | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.51 | 0.9 | |
| All-in Cost EUR/USD - Active | 1.27 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FxPro | Octa | |
|---|---|---|---|
| Minimum Deposit | $100 | $25 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FxPro | Octa | |
|---|---|---|---|
| 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 | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FxPro | Octa | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 53 | 30 | |
| Charting - Drawing Tools (Total) | 25 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FxPro | Octa | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 65 | 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 | FxPro | Octa | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FxPro | Octa | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FxPro | Octa | |
|---|---|---|---|
| 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 | FxPro Review | Octa Review |
| Overall | FxPro | Octa | |
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| Trust Score | 90 | 72 | |
| Winner | check_circle | ||
| Review | FxPro Review | Octa Review |
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