Updated: 05/16/2024


Octa Review

4.2 / 5
4830 ratings
Learn More
.22 Apr 2023
author avatar image Chad Smith

Table of Contents

In this in-depth review, we will explore Octa, a popular forex broker with a strong reputation in the industry. We will discuss its features, benefits, and how it compares to other brokers in the market. By the end of this review, you should clearly understand whether Octa is the right choice for your trading needs.

Octa Main Features
Feature Title Feature Value
🗺️ Year Founded 2011
🏢 Headquarters St. Vincent and the Grenadines
⚖️ Tier-1 Licenses Yes
⚖️ Tier-2 Licenses Yes
⚖️ Tier-3 Licenses Yes
Minimum Initial Deposit $100
Demo Trading Yes
Leverage (EU Clients) 1 : 30
Leverage(Non-EU-Clients) 1 : 500
Average Spread EURUSD 0.4 pips
💰 Withdrawal fee No
Withdrawal Time Same day
💰 Inactivity Fee No

Introduction to Octa

Established in 2011, Octa, formerly OctaFX, is a renowned forex broker offering competitive trading conditions and a diverse range of tradable instruments. Focusing on providing traders with low-cost pricing across various asset classes, Octa has garnered a loyal customer base and cemented its reputation as a reliable and trusted platform in the trading community.

The company is registered in St. Vincent and the Grenadines and operates under the Financial Services Authority (FSA) regulatory framework of SVG. Known for its robust trading platforms, including MetaTrader 4, MetaTrader 5, and the proprietary OctaTrader, Octa continues to evolve, offering advanced trading tools and exceptional customer support to meet the needs of traders worldwide.​

But what sets Octa apart from its competitors? Let’s dive into its key features and benefits.

Key Features & Benefits

  • Established in 2011, Octa is an online forex broker that offers FX spot trading and CFDs trading on Cryptocurrencies, Indices, Metals, and Commodities.
  • The broker serves over 1.5 million registered clients worldwide.
  • Octa operates under two entities: Octa Markets Cyprus Ltd, regulated by the Cyprus Securities and Exchange Commission (CySEC), and Octa Markets Incorporated, registered in St. Vincent and the Grenadines.
  • The broker supports popular trading platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) on the Web, Mobile, and Desktop.
  • Octa provides a range of account types to suit traders of all levels, offering flexibility and choice.
  • Traders can benefit from a high leverage of up to 1:500.
  • Octa offers negative balance protection to ensure traders’ accounts don’t enter hostile territory.
  • The broker has a responsive customer support team and provides educational resources to assist traders in improving their skills.

What Did We Like about the Broker

Octa has several commendable qualities that we appreciate as forex trading professionals. Here are some aspects that stood out to us:

1. Regulatory Compliance: Octa is regulated by the SVGFSA, ensuring that the broker adheres to the necessary financial regulations and provides a secure trading environment for its clients.

2. Negative Balance Protection: Negative balance protection is crucial, especially during periods of high market volatility. This feature protects traders from incurring losses beyond their account balance.

3. No Deposit and Withdrawal Fees: Octa’s policy of not charging deposit or withdrawal fees is advantageous for traders, as it eliminates unnecessary costs and allows for more efficient fund management.

4. Fast and Responsive Customer Support: Octa’s customer support team is highly responsive and promptly assists clients. Multiple communication channels ensure that traders can reach out for support whenever needed.

5. Copy Trading Feature: Octa’s copy trading feature allows traders to benefit from the expertise of successful traders. This feature is handy for novice traders who can learn and replicate the trading strategies of more experienced traders.

Octa Regulation

Octa, a leading forex broker, is committed to providing clients a secure and transparent trading environment. The broker is regulated by multiple reputable financial authorities, ensuring adherence to strict regulatory standards and offering traders peace of mind. Here’s an overview of the regulatory framework governing Octa:

Regulatory Authorities

  1. Financial Services Authority (FSA) of St. Vincent and the Grenadines: Octa operates under the FSA’s jurisdiction, which oversees the company’s adherence to local financial regulations.
  2. Cyprus Securities and Exchange Commission (CySEC): Octa is regulated by CySEC, ensuring compliance with the European Union’s Markets in Financial Instruments Directive (MiFID II) for enhanced investor protection.
  3. Financial Sector Conduct Authority (FSCA) of South Africa: The FSCA authorizes Octa to provide regulatory oversight in the South African financial markets.
  4. Labuan Financial Services Authority (LFSA) of Malaysia: Octa holds a license from LFSA, ensuring regulatory compliance within Malaysia’s financial sector.

Detailed Table of Regulatory Authorities

Regulatory AuthorityCountry/RegionRegulation/License NumberKey Responsibilities
Financial Services Authority (FSA)St. Vincent and the Grenadines19776 IBC 2011Supervises the financial activities of Octa, ensuring compliance with local regulations and protecting client interests.
Cyprus Securities and Exchange Commission (CySEC)Cyprus372/18Ensures Octa’s adherence to MiFID II standards, enhancing transparency and investor protection in the European Union.
Financial Sector Conduct Authority (FSCA)South Africa50514Regulates Octa’s operations in South Africa, ensuring fair market practices and financial stability.
Labuan Financial Services Authority (LFSA)MalaysiaMB/20/0058Provides regulatory oversight, ensuring Octa’s compliance with Malaysia’s financial regulations and protecting investors.

Key Features and Benefits of Regulatory Compliance

  • Enhanced Security: Octa’s regulation by multiple authorities ensures that It implements stringent security measures to protect client funds and personal information.
  • Transparency: Compliance with international regulatory standards mandates transparent business practices, including disclosing trading conditions and fees.
  • Investor Protection: Regulatory oversight includes mechanisms to safeguard client assets, such as segregated client accounts and investor compensation schemes.
  • Market Integrity: Regulations ensure fair trading practices, reduce the risk of market manipulation, and promote a stable trading environment.

Compliance and Safety Measures

  • Segregated Accounts: Client funds are held in segregated accounts, separate from the company’s operational funds, ensuring the safety of client assets.
  • Negative Balance Protection: Octa offers negative balance protection, preventing clients from losing more than their initial investment.
  • Regular Audits: Compliance with regulatory requirements involves regular audits and financial reporting, ensuring transparency and accountability.

By adhering to the regulatory frameworks of multiple esteemed authorities, Octa demonstrates its commitment to maintaining a secure, transparent, and fair trading environment for its clients. This robust regulatory compliance reassures traders of the broker’s reliability and dedication to protecting their interests.​

Account Types & Pricing

Octa offers several account types tailored to meet the needs of different traders. Here’s a detailed table summarizing the features and pricing for each account type:

Account TypeMinimum DepositSpreadsCommissionLeverageAvailable InstrumentsHedgingScalpingBase Currencies
Octa MT4$100Floating, starting at 0.6 pipsNoneUp to 1:500 for forex, 1:200 for metals, 1:100 for energies, 1:50 for indices, 1:25 for cryptocurrencies35 currency pairs, gold and silver, 3 energies, 10 indices, 30 cryptocurrenciesYesYesUSD
Octa MT5$100Floating, starting at 0.6 pipsNoneUp to 1:500 for forex, 1:200 for metals, 1:100 for energies, 1:50 for indices, 1:25 for cryptocurrencies, 1:20 for stocks35 currency pairs, gold and silver, 3 energies, 10 indices, 30 cryptocurrencies, 150 stocksYesYesUSD
OctaTrader$100Floating, starting at 0.6 pipsNoneUp to 1:500 for forex, 1:200 for metals, 1:100 for energies, 1:50 for indices, 1:25 for cryptocurrencies35 currency pairs, gold and silver, 3 energies, 10 indices, 30 cryptocurrenciesYesYesUSD
Islamic Account$100Floating, starting at 0.6 pipsNoneSame as MT4 and MT5 (swap-free)Same as MT4 and MT5 (swap-free)YesYesUSD
Demo AccountFreeSimulated live market spreadsNoneSame as MT4 and MT5Same as MT4 and MT5YesYesN/A

Additional Information:

  • Platforms: Octa supports MetaTrader 4, MetaTrader 5, and its proprietary OctaTrader platform.
  • Leverage: Up to 1:500 for forex pairs, which allows traders to control larger positions with smaller deposits.
  • Trading Instruments: Wide range of instruments, including forex, commodities, indices, cryptocurrencies, and stocks, providing ample opportunities for portfolio diversification.
  • Islamic Accounts: These accounts are swap-free, adhere to Sharia law principles, and are available for both MT4 and MT5 platforms.
  • Educational Resources: Octa offers educational materials and demo accounts to help traders improve their skills without risking real money.
  • Customer Support: Available 24/7 through live chat, email, and phone.

All account types offer a free demo account, allowing traders to test the platform and practice their strategies before committing to live trading.

Trading Platforms

PlatformFeaturesSuitable ForCompatibilityAdvanced ToolsSocial Trading
MetaTrader 4 (MT4)– User-friendly interface<br>- Customizable charts<br>- Multiple order types<br>- Supports EAsNew and experienced tradersWindows, Mac, iOS, Android, Web– 30+ built-in indicators<br>- Advanced charting<br>- Automated trading via EAsYes, via signals service
MetaTrader 5 (MT5)– Enhanced version of MT4<br>- Additional timeframes<br>- Economic calendar integrationExperienced tradersWindows, Mac, iOS, Android, Web– 80+ built-in indicators<br>- Depth of market (DOM) feature<br>- Multi-threaded strategy testingYes, via signals service
OctaTrader– Proprietary platform<br>- Simple and intuitive design<br>- Integrated news and analysis toolsAll levels of tradersWindows, Mac, iOS, Android, Web– Customizable interface<br>- Integrated economic calendar<br>- One-click tradingYes, integrated social trading features
cTrader– Advanced charting tools<br>- Level II pricing<br>- One-click tradingAdvanced traders and scalpersWindows, Mac, iOS, Android, Web– 70+ indicators<br>- cAlgo for algorithmic trading<br>- Advanced risk management toolsYes, via cTrader Copy

Additional Information

  • Order Execution: All platforms offer fast execution speeds crucial for scalping and high-frequency trading.
  • Risk Management: Includes stop-loss, take-profit, and trailing stops across all platforms.
  • Support: 24/7 customer support is available through live chat, email, and phone.
  • Educational Resources: Comprehensive tutorials, webinars, and trading guides are available for all platforms.

Overview of Platforms

  1. MetaTrader 4 (MT4):
    • User-Friendly: Easy to navigate and use, making it ideal for beginners.
    • Automated Trading: Supports Expert Advisors (EAs) for automated trading strategies.
    • Compatibility: Available on desktop, web, and mobile platforms.
  2. MetaTrader 5 (MT5):
  3. OctaTrader:
    • Proprietary Platform: Specifically designed for Octa users with integrated tools.
    • Integrated Features: Includes news, analysis, and an economic calendar.
    • User Experience: Simple design tailored for a seamless trading experience.
  4. cTrader:
    • Advanced Charting: Known for its sophisticated charting tools and technical analysis capabilities.
    • Algorithmic Trading: Supports cAlgo for creating custom algorithms.
    • Social Trading: Allows copying trades of other successful traders through cTrader Copy.
  • Trading Platforms
  • No. of Trading Platforms
  • Proprietary Platform
  • Desktop Platform (Windows)
  • Web Platform
  • Social Trading / Copy Trading
  • MetaTrader 4 (MT4)
  • MetaTrader 5 (MT5)
  • cTrader
  • TradingView
  • DupliTrade
  • ZuluTrade
  • Review Link
  • No
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  • Yes
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  • No
  • 6
  • No
  • No
  • Yes
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  • Yes
  • No
  • No
  • No
  • Yes
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  • No
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  • No

Products and Assets Offered by Octa

Octa, a leading forex broker, provides an extensive range of trading instruments designed to meet the diverse needs of traders. Known for its competitive pricing and advanced trading platforms, Octa offers access to multiple asset classes, including forex, commodities, indices, stocks, and cryptocurrencies. Here’s a detailed overview of the products and assets available on Octa:

  1. Forex: Trade over 35 currency pairs, including major, minor, and exotic, with leverage up to 1:500. Popular pairs include EUR/USD, GBP/USD, and USD/JPY.
  2. Commodities: You can access precious metals like gold and silver and energy commodities such as crude oil and natural gas, with leverage up to 1:200.
  3. Indices: Trade-leading global indices such as the S&P 500, NASDAQ, and FTSE 100, with leverage up to 1:50.
  4. Stocks: Invest in over 150 global stocks from major exchanges, including tech giants like Apple, Amazon, and Tesla, with leverage up to 1:20.
  5. Cryptocurrencies: Trade popular cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, with leverage up to 1:25.

Detailed Table of Products and Assets

Market/ProductAssets OfferedNumber of AssetsLeverage
ForexMajor, Minor, and Exotic Currency Pairs35+Up to 1:500
CommoditiesPrecious Metals (Gold, Silver), Energy Commodities (Oil, Natural Gas)5+Up to 1:200
IndicesGlobal Indices (S&P 500, NASDAQ, FTSE 100, etc.)10+Up to 1:50
StocksUS, UK, EU, and AU Stocks150+Up to 1:20
CryptocurrenciesBitcoin, Ethereum, Litecoin, Ripple, Dogecoin28+Up to 1:25
  • Low Spreads and No Commission: Octa offers competitive spreads starting at 0.6 pips with no commission charges, ensuring cost-effective trading.
  • Advanced Trading Platforms: You can access trading via MetaTrader 4, MetaTrader 5, and the proprietary OctaTrader platform, equipped with advanced charting tools and technical indicators.
  • Educational Resources: Octa provides comprehensive educational materials, including tutorials, webinars, and market analysis, to help traders make informed decisions.
  • 24/7 Customer Support: Enjoy around-the-clock customer support through live chat, email, and phone, ensuring assistance is always available.

Octa’s diverse range of products and assets, competitive trading conditions, and advanced platforms make it an excellent choice for traders looking to diversify their portfolios and capitalize on market opportunities​.

Octa Copy Trading

Octa offers a robust copy trading platform, allowing traders to replicate the trades of successful and experienced traders automatically. This feature is designed to help novice and seasoned traders leverage the expertise of top-performing traders to enhance their trading outcomes. Here’s a detailed overview of Octa’s copy trading features:

How Copy Trading Works

  1. Choose a Master Trader: You can select from a list of verified master traders based on their performance metrics, including profitability, risk level, and trading style.
  2. Set Investment Parameters: Customize the amount you wish to allocate and set risk management parameters to align with your trading goals.
  3. Automate Trades: Once set up, your account will automatically copy all trades executed by the chosen master trader, ensuring you benefit from their expertise without constant monitoring.

Benefits of Octa Copy Trading

Detailed Table of Copy Trading Features

Master Trader SelectionChoose from a list of top-performing traders with detailed performance metrics such as return rates, risk levels, and trading history.
Investment CustomizationSet your investment amount, adjust risk management settings, and define stop-loss levels to protect your capital.
Real-Time UpdatesReceive real-time updates on trade execution and performance, allowing you to track your investments closely.
Risk Management ToolsUtilize built-in risk management tools to set maximum drawdown limits and stop-loss orders to safeguard your investments.
User-Friendly InterfaceIntuitive platform design ensures easy setup and management of copy trading activities, even for those new to forex trading.
Profit SharingTransparent profit-sharing model where master traders earn a commission only when they generate profits for their followers.
  • Transparent Performance Metrics: Access detailed statistics on master traders’ performance, including their historical returns, drawdowns, and trading activity.
  • Flexible Investment Options: You can customize your investment amounts and risk levels to align with your financial goals and risk tolerance.
  • Seamless Integration: Octa’s copy trading platform integrates seamlessly with its MetaTrader 4, MetaTrader 5, and OctaTrader platforms, providing a cohesive trading experience.
  • Community and Support: Engage with a community of traders and benefit from 24/7 customer support to assist with any queries or issues.

Getting Started with Octa Copy Trading

To start copy trading with Octa, sign up for an account, select a master trader, and configure your investment settings. The platform’s user-friendly interface and comprehensive support resources make leveraging seasoned traders’ expertise easy to enhance your trading outcomes.

By offering a sophisticated yet accessible copy trading solution, Octa empowers traders of all experience levels to participate in the forex market with confidence and convenience.

Customer Support & Education

Octa prides itself on providing excellent customer support to its clients. A dedicated support team is available 24/7 via phone, email, and live chat to assist traders with any issues.

In addition to its customer support, Octa offers a wealth of educational resources, including:

  • Webinars: Regularly scheduled webinars cover various topics, from market analysis to trading strategies.
  • Trading Guides: Comprehensive trading guides provide in-depth information on various aspects of trading, such as risk management and technical analysis.
  • Market Analysis: Daily market updates and expert insights help traders stay informed and make better decisions.

Octa vs. Competitors

Compared to other forex brokers in the industry, Octa stands out for its low spreads, competitive pricing, and excellent customer support. While other brokers may offer similar features, few can match the combination of benefits that Octa provides to its clients.

So, is Octa the right choice for you?

  • Average Spread
  • Average Spread EURUSD – Standard
  • Average Spread USDJPY – Standard
  • Average Spread GBPUSD- Standard
  • Average Spread BTCUSD – Standard
  • Average Spread XAUUSD – Standard
  • Average Spread OILUSD – Standard
  • Review Link
  • 0.4 pips
  • 0.5 pips
  • 23 pips
  • 0.7 pips
  • 70 pips
  • 3.0 pips
  • 0.09 pips
  • 0.15 pips
  • 22.8 pips
  • 0.45 pips
  • 11.25 pips
  • 4.0 pips
  • 0.9 pips
  • 1.5 pips
  • 35 pips
  • 1.5 pips
  • 10 pips
  • 3.0 pips


With its low spreads, a wide range of tradable instruments, and multiple trading platforms, Octa offers beginner and advanced traders a comprehensive and competitive trading experience. Its commitment to customer support and education further enhances its value proposition, making it a strong contender in the forex broker market. Octa could be the ideal choice whether you’re new to trading or an experienced trader looking for a reliable platform.


Is Octa regulated?

Octa is registered in St. Vincent and the Grenadines and operates under the Financial Services Authority (FSA) regulatory framework of SVG.

Does Octa charge any deposit or withdrawal fees?

Octa does not charge deposit or withdrawal fees, allowing traders to manage their funds efficiently.

Can I access Octa’s trading platforms on mobile devices?

Yes, Octa’s trading platforms, including MT4 and MT5, are available on mobile devices through dedicated mobile applications.

Does Octa offer copy trading services?

Yes, Octa provides a copy trading feature that allows traders to replicate the trades of successful traders and diversify their trading portfolio.

What types of educational resources does Octa offer?

Octa offers educational resources such as platform tutorial videos, academic articles, webinars, a trading glossary, and a demo account for hands-on learning.

author avatar image
Chad Smith

Chad Smith is the Director of Research & Analysis here at ForexBrokerListing.com. Chad previously served as an Editor for a number of websites related to finance and trading, where he authored a significant number of published articles about trading and the impact of technology in transforming investing as we know it. Overall, Chad is an active fintech and crypto industry researcher with more than 15 years of trading experience, and you can find him teaching his dog how to trade in his free time.


4.2 / 5
4830 ratings


  • Sophia

    15 Jan, 2022

    “The range of trading instruments provided by OctaFX is extensive. I can easily access a variety of currency pairs and other assets to diversify my trading portfolio.”

  • jess

    12 Aug, 2022

    OctaFX’s user friendly trading platform is a joy to use. It has all the necessary tools and features I need to analyze the markets and execute trades efficiently.

  • Lisakudr

    4 Feb, 2023

    OctaFX offers excellent customer support.
    They are always responsive and go the extra mile to assist me with my trading queries.

  • KevinLo77

    26 Apr, 2023

    OctaFX’s competitive spreads are a game-changer for me. It helps me minimize my trading costs and maximize my potential profits.

  • Andrew1122

    15 Jun, 2023

    I’m impressed with OctaFX’s lightning-fast trade execution. It allows me to enter and exit trades without any delays or slippage.

  • Jore3

    22 Jun, 2023

    Great Broker. Fast Withdrawals!

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