Octa (formerly OctaFX) — where it wins, where it loses
Octa (formerly OctaFX) does not currently take a column outright against this field. It loses on tier-1 cover. Priced across ten round-turn EUR/USD lots it comes 14 of 39 in this field.
Column by column
The split
Two lists, no averaging. A broker that takes a column outright appears on the left of it; one that gets beaten on a column appears on the right. Nothing is scored into a single number, because a single number hides which side you actually care about.
Wins on
No column where Octa (formerly OctaFX) takes the field outright.
Loses on
- tier-1 cover
Cost per 10 lots is the EUR/USD spread cost of ten round-turn standard lots at the figure above, commission excluded. Where a broker publishes a "from" spread rather than an average, the comparison inherits that limitation — see the unconfirmed list further down.
Licensing
Which entity, which regulator, which number
Tier decides how much weight a licence carries in any safety column. Each row links to the page it was read from.
| Regulator | Number | Jurisdiction | Tier | Entity | Read from |
|---|---|---|---|---|---|
| CySEC | 372/18 | Cyprus | Tier 2 | Octa Markets Cyprus Ltd | cysec.gov.cy |
| FSCA | FSP 51913 | South Africa | Tier 2 | Octa Markets (Pty) Ltd | wikifx.com |
| FSA Saint Vincent and the Grenadines (company registration) | 19776 IBC 2011 | Saint Vincent and the Grenadines | Tier 3 | Octa Markets Incorporated | forexbrokers.com.co |
Checkable
Facts the comparison runs on
On the record
- The brand was renamed from OctaFX to Octa in 2023.
- Clients outside the EEA and South Africa are onboarded through Octa Markets Incorporated, registered in Saint Vincent and the Grenadines.
- Octa's account comparison page lists a $25 minimum deposit across OctaTrader, MT4 and MT5 accounts.
- Octa states it does not accept clients from the EU, UK, USA, Canada, India, Iran, Myanmar, North Korea, Pakistan or the Philippines.
| Trading since | 2011 |
|---|---|
| Base | not verified |
| Minimum to open | $25 |
| Leverage cap | up to 1:1000 (offshore entity); 1:30 retail under CySEC |
| EUR/USD | 0.60 pips |
| Terminals | OctaTrader, MT4, MT5 |
| Account tiers | OctaTrader, MetaTrader 5, MetaTrader 4 |
| Markets | Forex, Metals, Indices, Commodities, Crypto CFDs, Share CFDs |
| Record confidence | medium |
| Matchup-ready | yes — enough public cost data to run a head-to-head |
Excluded from the maths
Not verified
Not verified
These fields are not confirmed. They are shown as gaps, not filled in, and they do not feed any column of the matrix:
- headquarters city
- exact legal name of the FSCA-licensed entity
- maximum leverage per entity
- founding year 2011 relies on secondary sources plus Octa's own '15+ years in the market' claim
- headquarters
Costs less
Who beats Octa (formerly OctaFX) on price
Tickmill
$10.00 per 10 lots · wins on headline spread, platform choice
Eightcap
$10.00 per 10 lots · wins on regulatory reach
JustMarkets
$30.00 per 10 lots · wins on headline spread
CMC Markets
$50.00 per 10 lots · wins on headline spread, no minimum deposit, regulatory reach, platform choice
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money. Verify every figure with the broker before opening an account.