Written by ForexBrokers.com
In this head to head comparison of RoboForex 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.
RoboForex and Octa are well-known online brokers that have been serving traders since 2009 and 2011, respectively. Both brokers are not publicly traded, nor are they banks, which is common among online trading platforms. They each hold one Tier-1 license, indicating a high level of trustworthiness. However, only Octa has a Tier-2 license, adding an extra layer of regulatory oversight.
When it comes to trust scores, RoboForex slightly edges out Octa with a score of 73 compared to 72 according to ForexBrokers.com. This places both brokers within the average risk category, suggesting they are reasonably safe choices for traders. However, their regulatory statuses and trust scores should be considered alongside other factors when making trading decisions.
| Feature |
RoboForex
|
Octa
|
|---|---|---|
| Year Founded | 2009 | 2011 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When it comes to commissions and fees, RoboForex and Octa offer distinct experiences for traders. RoboForex features an average spread of 1.3 pips for the EUR/USD pair on its Procent and Pro accounts, which is relatively high compared to many competitors. This places RoboForex at a disadvantage, reflected in its 3.5-star rating and a ranking of 54th out of 62 brokers for commissions and fees on ForexBrokers.com.
On the other hand, Octa has made significant strides in its pricing strategy, to the point where it competes with some of the lowest-cost brokers using the MetaTrader platform. For its EU-based clients, Octa offers an impressive average spread of 0.5 pips on the EUR/USD pair, with slightly higher spreads of 0.9 pips for its foreign entities. Despite these improvements, traders should be aware that Octa does not provide specific date ranges for its spread data, which could affect the reliability of these figures over time. The broker enjoys the benefits of no slippage for 97.5% of orders and no overnight carry costs, although there are certain restrictions that may impact high-frequency trading strategies. Octa received a higher rating of 4 stars and holds the 28th position in the commissions and fees category, indicating better performance against its peers.
Both brokers offer various account types that determine the specific commissions and fees levied, with these variations depending largely on the regulatory entity you're dealing with. European clients of Octa, for instance, will engage with the EU entity that promotes a single account type focusing on MT5. In contrast, RoboForex does not provide such granular differentiation in account features. Ultimately, while RoboForex may have areas requiring improvement, Octa demonstrates a strong commitment to refining its fee structures, appealing to cost-conscious traders looking for competitive pricing.
| Feature |
RoboForex
|
Octa
|
|---|---|---|
| Minimum Deposit | $100 | $25 |
| Average Spread EUR/USD - Standard | 1.3 | 0.9 |
| All-in Cost EUR/USD - Active | N/A | 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.
RoboForex and Octa both provide forex trading, allowing traders to access the market through CFDs or spot contracts. When it comes to the variety of investment choices, RoboForex offers an extensive array with 8,400 tradeable symbols, surpassing Octa's 257. However, Octa outdoes RoboForex in forex pairs, offering 35 compared to RoboForex's 28. Neither broker provides access to exchange-traded securities on U.S. or international exchanges, with the exception of Octa, which allows trading on some international exchanges. Both platforms do provide options for copy trading, catering to investors who prefer to mimic the trades of successful traders.
For cryptocurrency enthusiasts, neither RoboForex nor Octa facilitates the purchase of actual cryptocurrencies. However, they both offer derivative products, allowing investors to speculate on cryptocurrency movements without owning the actual asset. In terms of investment variety, RoboForex boastfully rates at 4.5 stars, while Octa earns 3.5 stars. Reflective of their offerings, RoboForex holds the 20th spot in ForexBrokers.com's Range of Investments category out of 62 brokers, whereas Octa is positioned at 52nd. RoboForex's broader selection of tradeable symbols contributes to its higher ranking, catering to traders looking for variety and depth in their investment options.
| Feature |
RoboForex
|
Octa
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8400 | 257 |
| Forex Pairs (Total) | 28 | 35 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | 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 it comes to online trading platforms and tools, both RoboForex and Octa offer a comprehensive array of features suitable for a wide range of traders. Both platforms provide access to popular tools such as MetaTrader 4 and MetaTrader 5, supporting traders who favor these well-known systems. They also provide Windows-based desktop platforms and web-based options, ensuring flexibility for users regardless of their preferred device. Additionally, both brokers allow traders to simulate trading with free virtual demo accounts and facilitate the increasingly popular practice of copy trading, providing users with diverse ways to engage in the market.
The main distinction between the two platforms lies in Octa's development of a proprietary trading platform, a feature RoboForex does not offer. Both brokers are evenly matched in other respects, such as offering 15 drawing tools for charting and the ability to trade directly from stock charts. While both RoboForex and Octa are rated four stars for their trading platforms and tools, Octa holds a slightly higher ranking, positioned at #37 out of 62 brokers according to ForexBrokers.com, compared to RoboForex’s rank of #43. With these nuances in mind, traders may choose based on personal preference for proprietary tools and overall ranking.
| Feature |
RoboForex
|
Octa
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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.
Both RoboForex and Octa provide comprehensive mobile trading apps compatible with iPhone and Android devices. They offer convenient features such as stock and forex price alerts, the ability to draw trendlines on charts, and multiple time frame views for charts. For technical analysis enthusiasts, both apps support 30 different technical studies. Users can also create watchlists with real-time quotes to keep track of their favorite assets. However, neither broker offers watchlist symbol syncing, which means watchlist updates on the mobile app won’t be reflected on the user's online account or vice versa. Both apps allow automatic saving of chart drawings, making it easier to continue from where you left off.
In terms of user ratings, each app has garnered a solid four-star rating out of five. When evaluated among 62 brokers by ForexBrokers.com, Octa holds a slightly better rank at #36 compared to RoboForex's #43 placement. These rankings reflect subtle differences in user satisfaction or features, indicating that while both apps are highly rated, Octa might offer a slightly enhanced mobile experience according to broader user feedback. Whether you’re using RoboForex or Octa, both apps deliver a strong set of tools to help manage trades effectively on the go.
| Feature |
RoboForex
|
Octa
|
|---|---|---|
| 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.
RoboForex and Octa both provide daily market commentary and access to forex news from reliable sources like Bloomberg and Reuters, ensuring traders have up-to-date information. However, when it comes to specialized tools, their offerings differ significantly. RoboForex excels with its partnership with Trading Central, providing essential technical analysis tools, and also offers research tools from Acuity Trading, such as Signal Centre. On the other hand, Octa stands out with the inclusion of Autochartist for technical analysis but doesn't partner with Trading Central or Acuity Trading tools. Neither broker offers sentiment-based trading tools, and both lack market research from TipRanks, but they do provide economic calendars to keep traders informed about global events.
In terms of research quality, Octa holds a slight edge with a rating of 4 stars, compared to RoboForex's 3.5 stars. This is reflected in their rankings by ForexBrokers.com, where Octa is placed at #26 out of 62 brokers, while RoboForex is positioned at #37. Ultimately, the choice between these brokers might come down to the specific research tools they offer and how they align with individual trading strategies. Both brokers provide valuable insight for traders, but the distinct tools and features of each platform cater to different needs in the forex market.
| Feature |
RoboForex
|
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 | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners interested in forex or CFDs trading, Octa stands out compared to RoboForex. Octa provides a comprehensive educational experience with over 10 articles, videos, and archived webinars. They also host regular online client webinars each month, offering newcomers ample opportunity to learn. Additionally, Octa maintains a searchable archive of previously recorded webinars, making it easy for those who wish to review past sessions at their convenience. The platform goes further by offering more than 10 beginner-friendly educational videos specifically designed to introduce novice traders to trading concepts. Advanced traders are not left out, with over 10 educational videos catered to their enhanced learning needs, and an investor dictionary with over 50 investing terms is also available for those who want to dive deeper into the trading lexicon.
In contrast, RoboForex offers limited educational content for beginners. The platform lacks the minimum of 10 educational pieces on forex or CFDs and does not provide monthly webinars or an archive of past sessions for learning flexibility. This absence extends to beginner and advanced educational video content, leaving users with fewer guided resources. Additionally, RoboForex does not offer an investment dictionary to support learning. With a rating of 3.5 stars for education and a rank of 56 out of 62 brokers by ForexBrokers.com, RoboForex falls behind Octa, which is rated with 4 stars and ranked 41 in the same category. For beginners eager to immerse themselves in forex or CFDs education, Octa offers a more structured and supportive environment to start their trading journey.
| Feature |
RoboForex
|
Octa
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that RoboForex is better than Octa. RoboForex finished with an overall rank of #46, while Octa finished with an overall rank of #47.
RoboForex (RoboMarkets in the EU) has amassed 12,000 symbols that you can trade across its MetaTrader and cTrader platforms, as well as a stock trading app. That said, with just a few regulatory licenses, the RoboForex and its RoboMarkets brands trail behind the best forex brokers when it comes to their Trust Score.
| Feature |
RoboForex
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Octa
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|---|---|---|
| Overall Rating |
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| Trust Score | 73 | 72 |
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Both RoboForex and Octa provide the option to trade cryptocurrency derivatives, but neither broker offers the ability to purchase actual, delivered cryptocurrencies.
RoboForex and Octa both support Visa, Mastercard, Skrill, and bank wire transfers for depositing or withdrawing funds, but RoboForex distinguishes itself by also offering ACH or SEPA transfers and PayPal, options that are not available with Octa.
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 | RoboForex | Octa | |
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| Trust Score | 73 | 72 | |
| Winner | check_circle | ||
| Review | RoboForex Review | Octa Review |
| Broker Screenshots | RoboForex | Octa | |
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| Regulation | RoboForex | Octa | |
|---|---|---|---|
| Trust Score | 73 | 72 | |
| Year Founded | 2009 | 2011 | |
| 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 | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | RoboForex | 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) | 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) | RoboForex | Octa | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | RoboForex | Octa | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8400 | 257 | |
| Forex Pairs (Total) | 28 | 35 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | 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 | RoboForex | Octa | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.3 | 0.9 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | RoboForex | 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 | RoboForex | Octa | |
|---|---|---|---|
| Proprietary Platform | No | 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 | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | RoboForex | Octa | |
|---|---|---|---|
| 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 | RoboForex | Octa | |
|---|---|---|---|
| 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 | RoboForex | 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 | No | No | |
| Economic Calendar | Yes | Yes |
| Education | RoboForex | Octa | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | RoboForex | 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 | RoboForex Review | Octa Review |
| Overall | RoboForex | Octa | |
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| Trust Score | 73 | 72 | |
| Winner | check_circle | ||
| Review | RoboForex Review | Octa Review |
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