Written by ForexBrokers.com
In this head to head comparison of Octa vs Libertex (Forex Club), 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 the regulatory aspects of online brokers Octa and Libertex (Forex Club), both platforms offer a certain level of trustworthiness in the competitive trading industry. Octa was established in 2011 and holds one Tier-1 license, which is considered highly trusted, and one Tier-2 license, deemed trusted. Libertex, founded earlier in 1997, also holds one Tier-1 license but does not possess a Tier-2 license. Neither company is publicly traded nor operates as a bank, providing a similar landscape concerning their establishment and operational dynamics.
In terms of trustworthiness, based on ForexBrokers.com's Trust Score, Octa scores 72, indicating an average risk, while Libertex scores slightly higher at 73, also portraying average risk. Despite the close ratings, users might lean toward Libertex for a marginally higher score, while Octa's additional Tier-2 license could appeal to those prioritizing regulatory oversight. Both brokers present viable options, offering different strengths to consider for potential traders.
| Feature |
Octa
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 2011 | 1997 |
| 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 | 0 |
When evaluating commissions and fees, Octa stands out with a rating of 4 stars and a ranking of 28 out of 62 brokers according to ForexBrokers.com. Although it has faced pricing challenges previously, Octa has made strides to position itself among the lowest-cost MetaTrader brokers. Octa is notable for offering no slippage on 97.5% of executed orders and eliminating overnight carry costs, though it carries certain restrictions that may impact high-frequency traders. The costs associated with Octa depend on the account type and the specific entity under which an account operates. Users in the European Union will work with Octa's EU entity and have access to only MT5 accounts, while international clients have a choice between accounts from Octa's South African entity or its offshore entity in Mwali. While spread pricing varies, the EU entity offers an average spread of 0.5 pips for the EUR/USD pair.
In contrast, Libertex (Forex Club) holds a lower position with a 3-star rating and is ranked 61st in commissions and fees according to ForexBrokers.com. Unlike Octa, Libertex does not provide average spread data, which may present challenges for traders looking to gauge their potential trading costs. Libertex does not match Octa's improvements in terms of competitive pricing or transparency around execution specifics such as spread data or additional fees.
Overall, Octa distinguishes itself through competitive pricing enhancements, transparent fee structures, and strong performance metrics in asset execution. Libertex lags behind with less transparency and overall value concerning trading costs. Octa’s significant improvements place it more favorably for traders looking for cost efficiency, while Libertex offers less clarity and potential advantages in this area.
| Feature |
Octa
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $25 | $10 |
| 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 | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Octa and Libertex (Forex Club) for their range of available investments, both brokers offer forex trading through CFDs or spot contracts. Octa provides access to 257 tradeable symbols, with 35 dedicated forex pairs, while Libertex offers a slightly broader selection of 300 symbols, including 51 forex pairs. Neither Octa nor Libertex allows trading in U.S. exchange-listed securities, such as Apple shares, but Octa does offer an opportunity to trade international exchange-listed securities, unlike Libertex. Both platforms support copy trading and cryptocurrency derivatives, though they do not offer actual cryptocurrency purchases.
In terms of investment variety, both Octa and Libertex have been rated 3.5 out of 5 stars. According to ForexBrokers.com, Octa is ranked 52nd among 62 brokers for its range of investments, with Libertex close behind at 53rd. This close ranking indicates a similar scope in offerings, though each platform provides unique features tailored for different investor needs. Users considering these brokers should weigh their specific investment goals and strategies against the available options.
| Feature |
Octa
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 257 | 300 |
| Forex Pairs (Total) | 35 | 51 |
| 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 it comes to trading platforms and tools, both Octa and Libertex (Forex Club) offer traders useful features to enhance their trading experience. Both brokers provide a free virtual demo account, allowing new and experienced traders to practice their strategies in a simulated environment. Each broker has developed its own proprietary platform and also supports MetaTrader 4 (MT4). Octa stands out by also offering MetaTrader 5 (MT5), providing a broader range of tools and functionalities compared to Libertex. Traders can access platforms on both Windows-based desktops and through web browsers on either broker, making trading convenient and flexible.
Octa and Libertex both support copy trading, allowing users to mimic the trades of successful traders. At the charting level, Octa offers 15 drawing tools, while Libertex provides twice the variety with 30. Both brokers also allow traders to execute trades directly from stock charts, streamlining the trading process. They are evenly matched in terms of watch list customization, with seven columns to choose from for organizing options effectively. Despite receiving identical ratings of four stars for their trading platforms and tools, Octa is ranked slightly higher than Libertex, taking the 37th position compared to Libertex's 50th in a review of 62 brokers by ForexBrokers.com.
| Feature |
Octa
|
Libertex (Forex Club)
|
|---|---|---|
| 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 | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 15 |
| Charting - Drawing Tools (Total) | 15 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Octa and Libertex (Forex Club) offer comprehensive mobile trading experiences with apps available for both iPhone and Android devices. Each app provides users with essential features like stock and forex price alerts, the ability to draw trendlines, and viewing multiple time frames on charts. The charting capabilities of both apps are impressive, with 30 technical studies available, but only Octa's app includes the convenience of auto-saving drawings. Users of both platforms can create watchlists with real-time quotes, although only Libertex allows watchlist syncing across devices for a more seamless experience.
When it comes to performance, both Octa and Libertex receive commendable ratings of 4 stars for their mobile trading apps. However, Octa stands out with a stronger position in the Mobile Trading Apps category on ForexBrokers.com, ranked at #36 compared to Libertex's #48. This suggests that while both platforms provide reliable mobile trading options, Octa may offer a slightly better user experience overall.
| Feature |
Octa
|
Libertex (Forex Club)
|
|---|---|---|
| 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 | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Octa and Libertex (Forex Club) for market research features, Octa stands out with its daily market commentary, something that Libertex does not provide. Both platforms offer forex news from reputable sources such as Bloomberg and Reuters, ensuring traders are informed with credible information. Octa offers tools from Autochartist for both technical and fundamental analysis, enhancing its offering for users seeking in-depth research tools, whereas Libertex lacks this particular feature. Neither platform offers tools from Trading Central or sentiment-based trading tools to show trader positions across currency pairs. Similarly, both Octa and Libertex do not provide market research from TipRanks or tools from Acuity Trading. However, each platform offers an economic calendar to track global news events, which is invaluable for any trader monitoring economic shifts and planning trades accordingly.
Overall, Octa receives a higher research rating of 4 stars compared to Libertex's 3 stars, reflecting a more comprehensive range of offerings to support informed trading decisions. In a ranking of 62 brokers by ForexBrokers.com in the Research category, Octa ranks significantly higher at #26, while Libertex lags at #60. This suggests that traders prioritizing extensive research capabilities might find Octa more appealing, given its better provision of market insights and analytical tools.
| Feature |
Octa
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| 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 diving into the educational offerings of OctaFX and Libertex (Forex Club), beginners can find valuable resources for enhancing their trading knowledge. Both platforms provide at least 10 educational pieces covering forex or CFDs, including various articles and videos. However, OctaFX excels with regular online webinars available at least once a month, while Libertex lacks this feature. Furthermore, OctaFX offers a comprehensive searchable archive of past webinars, allowing users to revisit and reinforce their learning at any time, a facility not available with Libertex.
For those new to trading, OctaFX shines by providing over 10 educational videos specifically tailored for beginners. In contrast, Libertex falls short in this regard, focusing more on advanced content, which they also offer and match OctaFX in this area. Moreover, OctaFX supports newcomers with an investor dictionary comprising definitions of over 50 investing terms, something Libertex does not provide. With these educational tools and the overall user experience, OctaFX is rated 4 stars for education while Libertex holds 3 stars. According to ForexBrokers.com rankings, OctaFX sits at the 41st position, substantially ahead of Libertex, which is ranked 57th out of 62 brokers.
| Feature |
Octa
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | Yes |
| 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 Libertex (Forex Club). Octa finished with an overall rank of #47, while Libertex (Forex Club) finished with an overall rank of #60.
Octa offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform.
| Feature |
Octa
|
Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 72 | 73 |
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Both Octa and Libertex (Forex Club) do not offer the ability to buy actual delivered cryptocurrencies, but they both provide options for trading cryptocurrency derivatives.
While both Octa and Libertex (Forex Club) support Skrill and bank wire transfers for depositing and withdrawing account funds, Libertex stands out with additional options such as ACH, SEPA, and PayPal transfers, whereas Octa offers Visa and Mastercard services that Libertex does not.
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 | Libertex (Forex Club) | |
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| Trust Score | 72 | 73 | |
| Winner | check_circle | ||
| Review | Octa Review |
| Broker Screenshots | Octa | Libertex (Forex Club) | |
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| Regulation | Octa | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 72 | 73 | |
| Year Founded | 2011 | 1997 | |
| 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 | 0 |
| Tier-1 Licenses (Highly Trusted) | Octa | Libertex (Forex Club) | |
|---|---|---|---|
| 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 | Libertex (Forex Club) | |
|---|---|---|---|
| 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 | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 257 | 300 | |
| Forex Pairs (Total) | 35 | 51 | |
| 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 | Libertex (Forex Club) | |
|---|---|---|---|
| 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 | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Octa | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $25 | $10 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Octa | Libertex (Forex Club) | |
|---|---|---|---|
| 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 | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Octa | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 15 | |
| Charting - Drawing Tools (Total) | 15 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Octa | Libertex (Forex Club) | |
|---|---|---|---|
| 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 | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Octa | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Octa | Libertex (Forex Club) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Octa | Libertex (Forex Club) | |
|---|---|---|---|
| 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 | Libertex (Forex Club) | |
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| Trust Score | 72 | 73 | |
| Winner | check_circle | ||
| Review | Octa Review |
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