Written by ForexBrokers.com
In this head to head comparison of Octa vs Xtrade, 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.
Octa and Xtrade are online brokers that were founded in 2011 and 2003, respectively. Both companies are privately owned and are not listed on any stock exchange. Additionally, neither broker functions as a bank. When it comes to regulatory compliance, both Octa and Xtrade hold one Tier-1 license each, deeming them highly trusted according to ForexBrokers.com. They both also have one Tier-2 license, which signifies that they are trusted by the same standards.
In terms of trust scores, Octa and Xtrade are relatively similar. Octa holds a Trust Score of 72 out of 99 on ForexBrokers.com, placing it in the average risk category. Xtrade, on the other hand, has a slightly higher score of 74, also falling under the average risk bracket. This indicates that both brokers maintain a level of compliance and reliability that is generally well-regarded, though there’s room for improvement compared to higher-rated competitors.
| Feature |
Octa
|
Xtrade
|
|---|---|---|
| Year Founded | 2011 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the online brokers Octa and Xtrade in terms of commissions and fees, Octa stands out significantly. Octa has made substantial improvements in its pricing, becoming competitive among the low-cost MetaTrader brokers. A key advantage of Octa is its promise of no slippage on 97.5% of its executed orders and the absence of overnight carry costs, although there are some restrictions that might affect high-frequency traders. Depending on the account type and regulatory entity, Octa's pricing can vary, with European customers having slightly more favorable spreads for trading the EUR/USD currency pair.
Xtrade, on the other hand, offers less transparency regarding its pricing, with no average spread data available for users to assess. This lack of information makes it difficult for traders to understand Xtrade's fee structure fully. As a result, when rated on a scale, Octa scores higher with a 4-star rating compared to Xtrade’s lower 2.5-star rating in the commissions and fees category.
Further reflecting their competitiveness in this category, Octa is ranked #29 out of 62 brokers, whereas Xtrade is positioned at the very bottom, ranking #62 according to ForexBrokers.com. This stark difference highlights Octa's stronger position in offering more favorable trading conditions for its clients compared to Xtrade.
| Feature |
Octa
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $25 | $250 |
| 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 | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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 Octa and Xtrade, both platforms offer forex trading as CFDs, providing opportunities for traders to engage in the currency market. Octa offers 300 tradeable symbols, including 35 forex pairs, while Xtrade boasts a larger selection with 482 symbols and 56 forex pairs. Neither broker allows clients to buy exchange-traded securities on U.S. exchanges, such as Apple shares. However, Octa provides access to international securities, enabling customers to purchase shares like Vodafone from the London Stock Exchange, an option not available through Xtrade.
Both Octa and Xtrade offer the ability to trade cryptocurrency derivatives, though they do not support purchasing actual cryptocurrencies. A distinct feature of Octa is its offering of copy trading, catering to users interested in mimicking the trades of successful investors, a service absent from Xtrade. Despite some differences in offerings, both brokers share a 3.5-star rating for their range of investments. However, when ranked by ForexBrokers.com, Xtrade slightly outperforms Octa, securing the 49th spot, compared to Octa's position at 52nd out of 62 brokers.
| Feature |
Octa
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 300 | 482 |
| Forex Pairs (Total) | 35 | 56 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | No |
| 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 the trading platforms and tools of Octa and Xtrade, both brokers offer free virtual demo accounts, making it easy for beginners to practice trading without any risk. Both companies also provide a proprietary platform developed in-house, allowing users to trade with tools specifically designed for their platforms. Octa supports a wide range of platforms including a Windows-based desktop application and both MetaTrader 4 and MetaTrader 5, whereas Xtrade does not offer a Windows-based desktop platform or MetaTrader support. However, they both provide a web-based browser platform for convenience. Additionally, Octa offers copy trading as an option, which is not available with Xtrade.
For traders focused on charting tools, Xtrade provides an impressive number of 100 drawing tools compared to Octa's 15, giving traders more options to analyze market trends. Both brokers allow trades directly from stock charts, facilitating smoother trading experiences. In terms of watch list customization, Xtrade edges out slightly with nine fields compared to Octa's seven. Despite these differences, Octa receives a better overall rating for trading platforms and tools with 4 stars compared to Xtrade’s 3.5 stars. Furthermore, Octa ranks higher at #37 in the Trading Platforms and Tools category according to ForexBrokers.com, outpacing Xtrade, which is ranked at #58.
| Feature |
Octa
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | N/A |
| Charting - Drawing Tools (Total) | 15 | 100 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Octa and Xtrade cater to users on iPhone and Android devices. However, Octa takes a significant lead in several key areas that might make it more appealing for traders seeking detailed charting capabilities and real-time insights. Octa provides the ability to set stock or forex price alerts and features an expansive suite of 30 technical studies within its app, allowing traders to analyze market trends more efficiently. Additionally, Octa’s app allows users to draw trendlines and view multiple time frames on charts, automatically saving any drawing inputs—a feature Xtrade does not offer. Traders can also set up watchlists with real-time quotes via Octa, while Xtrade lacks this facility.
Despite both companies earning a respectable four-star rating for their mobile trading applications, Octa edges out with a higher ranking at number 35 compared to Xtrade’s 53, according to ForexBrokers.com. Both platforms do not offer watchlist symbol syncing, which means traders have to manually update watchlists across different devices. Nonetheless, for traders who prioritize advanced chart analytics and real-time alerts, Octa presents a more feature-rich mobile experience compared to Xtrade.
| Feature |
Octa
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing the market research tools of Octa and Xtrade, both platforms provide daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters. Octa, however, stands out by offering a technical analysis tool from Autochartist, a feature absent in Xtrade's offerings. Both brokers lack features such as Trading Central tools or sentiment-based trading tools that display the ratio of long or short positions. Additionally, neither Octa nor Xtrade includes research tools from firms like TipRanks or Acuity Trading.
Both Octa and Xtrade provide users with an economic calendar that displays global news events for a comprehensive market overview. Octa earns a higher research rating with 4 stars compared to Xtrade's 3.5 stars, a difference reflected in their rankings on ForexBrokers.com, where Octa is placed 26th and Xtrade at 52nd out of 62 brokers. This suggests that while both provide essential market commentary and news, Octa offers slightly more in terms of technical analysis tools, positioning it higher in overall research capability.
| Feature |
Octa
|
Xtrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| 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 provided by Octa and Xtrade for beginners, both brokers offer a variety of educational materials including articles and videos on forex and CFDs trading. However, Octa stands out with its more diverse offerings, providing clients with monthly webinars and a searchable archive of previously recorded sessions, which Xtrade does not offer. Additionally, Octa caters to newer traders with a series of beginner videos, whereas Xtrade does not have a comparable collection.
For more advanced learners, Octa again takes the lead by offering in-depth videos that focus on topics for seasoned traders, a resource that Xtrade lacks. Both brokers do provide an investor dictionary with over 50 terms explained, but when considering overall educational quality, Octa receives a higher rating of 4 stars compared to Xtrade’s 3.5 stars. According to ForexBrokers.com, this difference in educational resources placement is reflected in their rankings, with Octa positioned slightly above Xtrade among 62 brokers in the education category, securing the #41 spot compared to Xtrade’s #46.
| Feature |
Octa
|
Xtrade
|
|---|---|---|
| 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 | No |
| 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 Octa is better than Xtrade. Octa finished with an overall rank of #47, while Xtrade finished with an overall rank of #59.
Octa offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform.
| Feature |
Octa
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Xtrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 72 | 74 |
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Both Octa and Xtrade provide the option to trade cryptocurrency derivatives, but neither platform allows for the purchase of actual delivered cryptocurrencies.
Both Octa and Xtrade provide options for depositing or withdrawing account funds via Skrill, Visa or Mastercard, and bank wires, whereas neither offers ACH, SEPA transfers, nor PayPal as payment methods.
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 | Xtrade | |
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| Trust Score | 72 | 74 | |
| Winner | check_circle | ||
| Review | Octa Review | Xtrade Review |
| Broker Screenshots | Octa | Xtrade | |
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| Regulation | Octa | Xtrade | |
|---|---|---|---|
| Trust Score | 72 | 74 | |
| Year Founded | 2011 | 2003 | |
| 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 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Octa | Xtrade | |
|---|---|---|---|
| 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 | Xtrade | |
|---|---|---|---|
| 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 | Octa | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 300 | 482 | |
| Forex Pairs (Total) | 35 | 56 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Xtrade | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Octa | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $25 | $250 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Octa | Xtrade | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Octa | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | 9 | |
| Charting - Indicators / Studies (Total) | 30 | N/A | |
| Charting - Drawing Tools (Total) | 15 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Octa | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | Octa | Xtrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| 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 | Xtrade | |
|---|---|---|---|
| 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 | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Octa | Xtrade | |
|---|---|---|---|
| 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 | Xtrade Review |
| Overall | Octa | Xtrade | |
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| Trust Score | 72 | 74 | |
| Winner | check_circle | ||
| Review | Octa Review | Xtrade Review |
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