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 |
RoboForex and Octa present distinct differences in terms of commissions and fees, making them suitable for various trader profiles. RoboForex is noted for its average spreads of 1.3 pips for the EUR/USD pair on its Procent and Pro accounts, which are considered relatively high. This positions RoboForex at a mid-point amongst its peers, earning it a rating of 3.5 out of 5 stars for commissions and fees. In a ranking of 62 brokers, RoboForex holds the #54 spot for its pricing structure.
Octa, on the other hand, has made significant strides in lowering its costs, now competing closely with other low-cost MetaTrader brokers. The broker is known for having no slippage on 97.5% of executed orders and does not charge overnight carry costs. However, note that high-frequency trading may encounter some limitations. The fees and commissions at Octa are influenced by the account type and the regulatory entity overseeing the account. For instance, the average spread for EUR/USD under Octa’s EU entity is 0.5 pips, while it's 0.9 pips for other entities. Despite the lack of date-specific spread data, Octa's improvements have earned it a 4-star rating and a #29 ranking out of 62 brokers in the Commissions and Fees category.
Overall, while RoboForex offers a straightforward spread structure, Octa provides competitive pricing that has increasingly attracted cost-conscious traders. Each broker has unique strengths, with RoboForex suited for those who prioritize platform familiarity and Octa catering potential benefits for traders focused on minimizing costs and enhancing execution speed.
| 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.
When comparing RoboForex and Octa regarding their range of investment options, it's clear that both brokers cater to diverse trading needs, albeit with some differences. RoboForex impresses with a staggering offering of 8,400 tradeable symbols, including 28 forex pairs, while Octa provides 300 symbols with a slightly higher count of 35 forex pairs. Both brokers facilitate forex trading through CFDs or spot contracts, ensuring traders have access to these popular options. Additionally, both offer copy trading services and cryptocurrency derivatives, providing flexibility for modern investment strategies.
In terms of exchange-traded securities, RoboForex does not offer the ability to buy U.S. or international shares directly, whereas Octa lets clients access international shares like Vodafone on the London Stock Exchange. Despite this distinction, neither broker permits the purchase of actual cryptocurrencies. When assessed by ForexBrokers.com for their Range of Investments, RoboForex achieves 4.5 stars and ranks #20 out of 62 brokers, while Octa receives a rating of 3.5 stars and ranks #52, highlighting RoboForex's broader assortment of offerings.
| Feature |
RoboForex
|
Octa
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8400 | 300 |
| 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 offer solid mobile trading apps available for iPhone and Android devices, catering to the needs of modern traders. Both platforms provide stock and forex price alerts and have a comprehensive suite of 30 technical studies for in-depth chart analysis. Users can draw trendlines and toggle between multiple time frames, such as daily, weekly, or intraday, on both apps. Moreover, these platforms ensure a seamless experience by auto-saving drawings on charts, although they lack the feature for syncing watchlists with a client's online account. However, you can still create watchlists with real-time quotes on both apps, keeping you updated on the go.
While both RoboForex and Octa have received comparable ratings of four out of five stars for their mobile trading apps, subtle differences can influence your choice. According to ForexBrokers.com, Octa ranks slightly higher, positioned at #35, compared to RoboForex's #43 out of 62 brokers. This reflects a minor edge in user satisfaction and functionality. Overall, both brokers offer reliable mobile solutions for traders, but Octa seems to have a slight edge in user preference and recognition.
| 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 | 300 | |
| 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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