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Octa vs Deriv
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, Octa currently holds a lower overall rating (4.1) compared to Deriv (4.2).
Octa has a higher minimum deposit than Deriv, at 20.0.
Both platforms offer their clients demo accounts, mobile trading, scalping.
Traders should note that
Octa offers a minimum lot size of 0.01 and a maximum lot size of 1000.0, while Deriv offers 1.0 and 100000.0.
Each broker offers an equal maximum leverage of 1:1000.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 20.0 | 5.0 |
| Commission | 0.0 | 0.0 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 0.01 | 1.0 |
| Maximum lot size | 1000.0 | 100000.0 |
| Spread | Fixed, Variable | Variable |
| Broker type | STP, ECN | Market Maker |
| Maximal leverage (1:?) | 1000 | 1000 |
| Availability | STP, ECN | Market Maker |
| Regulation | CySEC (Cyprus), FSCA (South Africa) | FSC (British Virgin Islands), MFSA (Malta), VFSC (Vanuatu), LFSA (Labuan) |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Octa Trader | MetaTrader 5 (MT5), cTrader, Deriv GO, Deriv Trader, SmartTrader, Deriv Bot |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Moneybookers, Perfect Money, Neteller, Skrill, FasaPay, Local Deposits, Bitcoin | Wire Transfer, Credit Card, Debit Card, Perfect Money, WebMoney, cashU, Neteller, UnionPay, Skrill, FasaPay, Qiwi, Bitcoin, Multiple local methods |
| Account Currency | USD, EUR | USD, GBP, EUR, AUD, BTC |
| Languages | English, Spanish, German, Portuguese, Mandarin, Chinese, Indonesian, Malay, Thai, Arabic, Vietnamese, Hindi | English, Spanish, French, German, Portuguese, Italian, Russian, Chinese, Polish, Indonesian, Thai, Arabic, Vietnamese, Korean, Hindi, Turkish, Persian, Taiwanese, Sinhala, Kiswahili |
| Country | Comoros | Malta |
| Trading platform(s) timezone | Comoros, Saint Vincent and the Grenadines | United Arab Emirates, Cyprus, Malta, Malaysia, Paraguay, Rwanda |
| Other trading instruments | Indices, Commodities, Energies, CFDs, Cryptocurrency, Precious Metals | Stocks, Options, Indices, Commodities, Energies, Shares, CFDs, Cryptocurrency, Precious Metals, ETFs |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
