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Octa Review 2024

Written by
Fact-checked by Steven Hatzakis, Joey Shadeck
Edited by Jeff Anberg

June 11, 2024

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail CFD accounts lose money. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Our research found that Octa is an average choice for forex and CFD trading. Despite its comprehensive offerings and strong platform tools, some areas could be improved, making it a solid but not exceptional broker.

Overall Rating

7.2 / 10

Minimum Deposit


Trust Score info

Average Risk

Pros and Cons

thumb_up_off_alt Pros

  • Wide range of trading platforms: Supports MetaTrader 4, MetaTrader 5, and a proprietary platform.
  • Low EUR/USD spread: Average spread cost is 0.9, which is competitive.
  • Comprehensive educational resources: Offers advanced and beginner education videos.

thumb_down_off_alt Cons

  • Average investment offering: Only 230 tradeable symbols, far below the industry average.
  • No VIP discounts: Does not offer discounts for active traders or VIP clients.
  • Limited HFT and algo trading: Octa limits requests per minute to just 30, banning software and strategies that trade more frequently than this.

Ratings Summary

  • Investment Types - 6.5/10
  • Commissions & Fees - 7.5/10
  • Trading platforms - 7.5/10
  • Research - 7.5/10
  • Mobile Apps - 7.5/10
  • Education - 6.5/10
  • Overall - 7.2/10

Can I trust Octa?

Octa is moderately trustworthy. It is MiFID regulated but not publicly traded, and it lacks ASIC and FCA authorization. rates Octa's trustworthiness as "Average Risk" with a Trust Score of 70.

Octa is currently licensed and/or authorised by the following regulatory bodies:

  • Tier-1 Regulators - Regulated in Cyprus and in the European Union via the MiFID passporting system.
  • Tier-2 Regulators - Financial Sector Conduct Authority (FSCA)
  • Tier-3 Regulators - None
  • Tier-4 Regulators - None

Is Octa good for beginners?

We recommend Octa as a decent option for beginners due to its extensive educational offerings, including both beginner and advanced education videos, but it does still have room for improvement compared to best-in-class competitors.

Feature Octa logoOcta
Education (Forex or CFDs) info Yes
Client Webinars info Yes
Videos - Beginner Trading Videos info Yes
Videos - Advanced Trading Videos info Yes
Investor Dictionary (Glossary) info Yes

Octa commissions and fees summary

Octa offers competitive commissions and fees, including a low average EUR/USD spread of 0.9 and no inactivity fees. However, it does not provide VIP discounts. Overall, Octa's fees are average for investors.

Feature Octa logoOcta
Minimum Deposit info $25
Average Spread EUR/USD - Mini info 0.9 info
Average Spread EUR/USD - Standard info 0.9 info
All-in Cost EUR/USD - Active info N/A
Active Trader or VIP Discounts info No

Octa trading platforms and tools

tips_and_updates Did you know? Trading platforms comparison

Of the 60+ brokers reviewed on BrokerNotes, 64% offer a proprietary platform, 100% offer a web platform, 91% offer a desktop platform, 11% offer cTrader, 14% offer ZuluTrade, 81% offer MetaTrader 4, and 64% offer MetaTrader 5.

Octa offers a robust selection of trading platforms, including MetaTrader 4, MetaTrader 5, and a proprietary platform. This broker is an average choice for investors due to its solid but not outstanding rating for platforms and tools.

Trading platforms offered: MetaTrader 4, MetaTrader 5, and a proprietary platform.

Trading tools: Comprehensive and varied.

Copy trading: Available.

Feature Octa logoOcta
Virtual Trading (Demo) info Yes
Proprietary Platform info Yes
Desktop Platform (Windows) info Yes
Web Platform info Yes
MetaTrader 4 (MT4) info Yes
MetaTrader 5 (MT5) info Yes
DupliTrade info No

Octa trading platform screenshots

Mobile trading apps at Octa

Octa's mobile trading apps are reliable and well-rated, making it an average choice for investors who prioritize mobile trading.

Feature Octa logoOcta
Android App info Yes
Apple iOS App info Yes
Mobile Economic Calendar info Yes
Mobile Alerts - Basic Fields info Yes
Mobile Charting - Draw Trendlines info Yes
Mobile Watchlist info Yes

Octa mobile app screenshots

How do I open an account with Octa?

  1. Visit the Octa website.
  2. Click on the "Open Account" button.
  3. Fill out the registration form with personal details.
  4. Verify your identity with the required documents.
  5. Fund your account using one of the supported methods.
  6. Start trading.

What can I trade at Octa?

Octa offers 35 forex pairs and 230 tradeable symbols, which is below the industry average of 3,623 symbols.

Feature Octa logoOcta
Tradeable Symbols (Total) info 230
Forex Pairs (Total) info 35
Social Trading / Copy Trading info Yes
Cryptocurrency (Physical) info No
Cryptocurrency (Derivative) info Yes
Spread Betting info No

Octa research screenshots

Account funding at Octa

Octa supports funding through bank wires, Neteller, credit cards, and Skrill. However, it does not support PayPal.

Feature Octa logoOcta
Visa/Mastercard (Credit/Debit) info Yes
Bank Wire (Deposit/Withdraw) info Yes
PayPal (Deposit/Withdraw) info No
Skrill (Deposit/Withdraw) info Yes
Neteller (Deposit/Withdraw) info Yes

About Octa

Octa was founded in 2011 and offers a range of trading platforms and tools. While it is MiFID regulated, it is not publicly traded and lacks some major regulatory authorizations. Octa provides comprehensive educational resources and a competitive fee structure, making it a solid choice for many traders.

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At, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.

Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.

All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.

Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).

AI disclaimer

We use proprietary AI technology to assist in some aspects of our content production. However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points. Learn more about our AI Policy and How We Test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.

About the Editorial Team provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.

Steven Hatzakis
Steven Hatzakis

Steven Hatzakis is the Global Director of Research for and Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

Joey Shadeck
Joey Shadeck

Joey Shadeck is the Content Strategist and Research Analyst for and He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

Jeff Anberg
Jeff Anberg

Jeff Anberg is a Staff Editor at and Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.