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Octa vs FP Markets
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 FP Markets (4.6).
Octa has a lower minimum deposit, at 20.0.
Both platforms offer their clients demo accounts, mobile trading, scalping.
Traders should note that
both companies offer the same minimum lot size 0.01, but Octa has a maximum lot size of 1000.0, while FP Markets offers 50.0.
Octa offers a greater leverage limit of 1:1000, whereas FP Markets allows a maximum of only 1:500.
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 | 100.0 |
| 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 | 0.01 |
| Maximum lot size | 1000.0 | 50.0 |
| Spread | Fixed, Variable | Variable |
| Broker type | STP, ECN | STP, ECN, Market Maker, DMA |
| Maximal leverage (1:?) | 1000 | 500 |
| Availability | STP, ECN | STP, ECN, Market Maker, DMA |
| Regulation | CySEC (Cyprus), FSCA (South Africa) | CySEC (Cyprus), ASIC (Australia), FSCA (South Africa), CMA |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Octa Trader | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, Web Platform, Mobile Platform, IRESS, TradingView |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Moneybookers, Perfect Money, Neteller, Skrill, FasaPay, Local Deposits, Bitcoin | Wire Transfer, Credit Card, Debit Card, Paypal, Perfect Money, Neteller, UnionPay, Skrill, FasaPay, BPay, Klarna, POLi, Broker to Broker, Sticpay, PayRetailers, Rapyd, Apple Pay, Google Pay, LetKnowPay |
| Account Currency | USD, EUR | USD, GBP, EUR, CHF, JPY, NZD, CAD, PLN, SGD, HKD, THB, AUD |
| Languages | English, Spanish, German, Portuguese, Mandarin, Chinese, Indonesian, Malay, Thai, Arabic, Vietnamese, Hindi | English, Spanish, French, German, Portuguese, Japanese, Italian, Greek, Russian, Chinese, Estonian, Polish, Indonesian, Malay, Lithuanian, Thai, Arabic, Vietnamese, Korean, Hungarian, Dutch, Bulgarian, Malay, Czech, Slovene, Serbian, Croatian, Romanian, Turkish, Norwegian, Danish, Basque, Galician, Finnish |
| Country | Comoros | Australia |
| Trading platform(s) timezone | Comoros, Saint Vincent and the Grenadines | Australia |
| Other trading instruments | Indices, Commodities, Energies, CFDs, Cryptocurrency, Precious Metals | Stocks, Futures, Indices, Commodities, Energies, Cryptocurrency, Precious Metals, Bonds, ETFs |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
