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 comparing the commissions and fees of online brokers, Octa stands out as a more competitive option than Libertex (Forex Club). Octa has significantly improved its pricing structure over time, offering a competitive edge among low-cost MetaTrader brokers. It boasts no slippage on 97.5% of executed orders and does not impose overnight carry costs. However, certain restrictions may affect high-frequency traders. The specific commissions and fees at Octa depend on the type of account and the regulatory entity, with European clients utilizing the EU entity and international users having options in South Africa and Mwali.
Octa's spread pricing varies depending on the regulatory entity, with its EU entity offering a slightly better average spread on the EUR/USD pair at 0.5 pips compared to 0.9 pips for other entities. Although Octa has made strides in becoming cost-effective, some caution is advised as the spread data lacks date ranges, which can limit reliability. Despite this, Octa earns a 4-star rating for commissions and fees and holds the 29th position out of 62 brokers.
In contrast, Libertex (Forex Club) provides limited transparency in their average spread data. This lack of information makes it challenging to accurately assess potential costs. Consequently, Libertex receives a 3-star rating for commissions and fees and is ranked 61st out of 62 brokers. Overall, Octa appears to offer better pricing and rank, making it a more attractive choice for cost-conscious traders seeking favorable trading conditions.
| 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 the range of investments offered by Octa and Libertex (Forex Club), both brokers provide similar opportunities in some areas. Each platform allows users to engage in forex trading via CFDs or spot contracts with 300 tradeable symbols. However, when it comes to tradeable forex pairs, Libertex offers a wider selection with 51 pairs compared to Octa's 35. Neither broker provides the option to trade exchange-traded securities from U.S. exchanges, such as Apple shares. While Octa allows trading of international exchange securities like Vodafone, Libertex does not offer this service.
Both brokers offer copy trading features and provide opportunities to buy cryptocurrency derivatives, but not actual cryptocurrency. Octa and Libertex share a rating of 3.5 stars for their range of investments. In rankings by ForexBrokers.com, Octa is positioned at #52 while Libertex is closely ranked at #53 out of 62 brokers for investment options. Overall, each broker presents a comprehensive offering with slight differences depending on specific trading preferences.
| Feature |
Octa
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 300 | 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.
When comparing the mobile trading apps of Octa and Libertex (Forex Club), both platforms offer iPhone and Android apps, making them accessible for users of either device type. They each provide features like stock or forex price alerts and allow users to create watchlists with real-time quotes. However, a key difference lies in their ability to sync watchlists between the mobile app and a user's online account. Libertex allows for seamless syncing, whereas Octa does not offer this feature. Both platforms offer the capability to draw trendlines and view multiple time frames on charts, with Libertex offering 30 technical studies for charting, matching Octa's offering. An advantage of the Octa app is that it automatically saves drawings on charts, a feature not available with Libertex.
Both Octa and Libertex are highly rated with 4 out of 5 stars in mobile trading app reviews. However, Octa places a little ahead in overall rankings, securing the 35th spot out of 62 brokers according to ForexBrokers.com, while Libertex is placed at 49. This highlights slight differences in user experience and features that could sway your decision based on what's most important for your trading needs.
| 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 comparing the educational resources offered by Octa and Libertex (Forex Club) for beginners in the realm of forex and CFD trading, Octa stands out with a wider variety of accessible materials. Both brokers provide a minimum of 10 educational pieces, including articles, videos, and perhaps archived webinars focused on forex or CFDs, ensuring that beginners receive a solid start in understanding the complexities of trading. If you're looking for a structured learning path, Octa provides monthly online educational webinars and maintains a searchable archive of previous sessions, which is not available with Libertex. This feature can be especially helpful for newcomers looking to expand their knowledge selectively and at their own pace.
Octa furthers its educational offerings with at least 10 beginner-specific trading videos, alongside advanced videos for more seasoned traders. Additionally, Octa supports newcomers with an investor dictionary that defines over 50 common investing terms, a feature Libertex does not offer. This comprehensive approach helps Octa secure a 4-star rating in education compared to Libertex's 3-star rating. Despite the fact that both Octa and Libertex provide educational resources, Octa is ranked #42 for education by ForexBrokers.com, while Libertex is ranked at a lower position of #57, indicating that Octa offers a slightly better learning experience for those new to trading.
| 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) | 300 | 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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