Written by ForexBrokers.com
In this head to head comparison of FP Markets vs Octa, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FP Markets (founded 2005) and Octa (founded 2011) are online brokers; neither is publicly traded nor a bank. If you’re comparing them, key differences show up in their licensing mix and independent trust ratings.
Regulation: FP Markets holds 2 Tier-1 licenses and 1 Tier-2 license, while Octa has 1 Tier-1 and 1 Tier-2. According to ForexBrokers.com, FP Markets earns a 90/99 Trust Score (highly trusted: 90–99), and Octa scores 73/99 (average risk: 70–79). For context, ForexBrokers.com classifies 80–89 as trusted, 60–69 as high risk, and 59 or lower as not trusted.
| Feature |
FP Markets
|
Octa
|
|---|---|---|
| Year Founded | 2005 | 2011 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
FP Markets has a clear edge over Octa when it comes to commissions and fees, especially for traders who use its commission-based Raw ECN account. FP Markets’ pricing is among the most competitive in the industry, with low spreads on MetaTrader and cTrader, plus a flat $6 round-turn commission per standard lot on cTrader’s Raw account. Its Standard account is more expensive, and its Iress ViewPoint setup in Australia can add platform and data costs unless you meet high deposit or commission requirements. FP Markets is rated 4.5 stars and ranks #11 out of 36 brokers for Commissions and Fees.
Octa has improved its pricing a lot and now offers low-cost trading that can appeal to budget-conscious traders. It features no overnight carry costs and claims no slippage on 97.5% of executed orders, but its fee structure depends on the account type and regulatory entity, which can make comparisons less straightforward. In the EU, its EUR/USD spread is listed at 0.5 pips on average, while international entities show 0.9 pips, though Octa does not provide a date range for those spread figures. Octa is rated 4 stars and ranks #27 out of 36 brokers for Commissions and Fees.
Overall, FP Markets is the stronger choice for traders focused on lower trading costs and more transparent pricing, while Octa is still a competitive option but sits behind FP Markets in both rating and ranking.
| Feature |
FP Markets
|
Octa
|
|---|---|---|
| Minimum Deposit | $100 AUD | $25 |
| Average spread (EUR/USD) - Standard account | 1.3 | 0.9 |
| All-in Cost EUR/USD - Active | 0.9 | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Join 239,000+ traders worldwide.
FP Markets offers a wider range of investments than Octa, making it the stronger choice for traders who want more markets to choose from. FP Markets lists about 10,000 tradeable symbols and 71 forex pairs, while Octa offers around 300 symbols and 35 forex pairs. Both brokers provide forex trading as a CFD or spot contract, copy trading, and cryptocurrency CFDs, but neither lets you buy actual crypto or U.S.-listed exchange traded shares directly.
One key difference is that Octa does offer exchange traded securities on international exchanges, while FP Markets does not. Even so, FP Markets is rated higher for range of investments, with 4.5 out of 5 stars and a ForexBrokers.com rank of #17 out of 36 brokers, compared with Octa’s 3.5 stars and #34 ranking. If your main goal is access to a larger selection of tradable products, FP Markets has the edge.
| Feature |
FP Markets
|
Octa
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 300 |
| Forex Pairs (Total) | 71 | 35 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
FP Markets and Octa are closely matched when it comes to trading platforms and tools. Both brokers offer free demo accounts for practice, their own proprietary platform, Windows desktop software, web-based trading, copy trading, and support for both MetaTrader 4 and MetaTrader 5. Each also lets traders place trades directly from a chart, which can make it easier to react quickly when the market moves.
In ForexBrokers.com’s Trading Platforms and Tools category, both FP Markets and Octa earn 4 out of 5 stars, but FP Markets comes out ahead in the overall ranking, placing #22 out of 36 brokers compared with Octa at #31. That suggests FP Markets has a slight edge in this area, even though both brokers cover the main platform features most traders look for.
| Feature |
FP Markets
|
Octa
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FP Markets and Octa both make it easy to trade on the go, with iPhone and Android apps, price alerts, trendline drawing, and auto-saving for chart drawings. Neither broker offers watchlist symbol syncing between the mobile app and online account, so changes made in one place will not carry over to the other. In terms of overall mobile app ratings, both brokers score 4 out of 5 stars.
The main difference is in charting tools and mobile ranking. Octa includes 30 technical studies in its app, while FP Markets uses the built-in MetaTrader charting setup by default. Even so, FP Markets is ranked higher for mobile trading apps by ForexBrokers.com, placing #20 out of 36 brokers, compared with Octa at #30 out of 36. For traders who want a similar mobile experience, both are solid choices, but FP Markets has the edge in the category ranking.
| Feature |
FP Markets
|
Octa
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
FP Markets and Octa both give traders useful market research features, including daily market commentary, forex news from major sources, Autochartist tools, and an economic calendar for tracking global events. Each broker is rated 4 out of 5 stars for Research, which puts them on similar footing for traders who want help following the markets and planning trades.
That said, FP Markets has a slight edge in this area. It includes Trading Central tools and a sentiment tool that shows long and short positioning across markets, while Octa does not offer those features. In ForexBrokers.com’s Research ranking, FP Markets places 22nd out of 36 brokers, ahead of Octa at 24th, making FP Markets the stronger pick overall for market research.
| Feature |
FP Markets
|
Octa
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central | Yes | No |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
FP Markets and Octa both give beginners a solid set of learning tools, including forex and CFDs education with at least 10 pieces of content, monthly online client webinars, and plenty of beginner and advanced videos. This means new traders can find lessons on trading basics, while more experienced users can also keep building their skills. Both brokers are rated 4 out of 5 stars for Education, so they each offer a good amount of helpful material for self-study.
Where FP Markets stands out is in its overall Education ranking: it places #22 out of 36 brokers on ForexBrokers.com, while Octa ranks #32. For beginners comparing the two, that suggests FP Markets may have a slight edge in how its educational content is organized and judged overall, even though both brokers cover the main learning needs and offer similar core resources.
| Feature |
FP Markets
|
Octa
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FP Markets is better than Octa. FP Markets finished with an overall rank of #19, while Octa finished with an overall rank of #35.
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 10,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
|
Octa
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 90 | 73 |
| Range of Investments |
|
|
| Trading Fees |
|
|
| Trading Platforms |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
FP Markets vs Octa: Neither online broker offers buying actual (delivered) cryptocurrency, but both support trading cryptocurrency CFDs.
FP Markets vs Octa: neither supports ACH or SEPA transfers, both support bank wire transfers and Skrill, FP Markets additionally supports PayPal while Octa does not, and Visa/Mastercard availability is not specified for either broker.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
Select Brokers
↓×Compare
0 of 5| Overall Rating | FP Markets | Octa | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 90 | 73 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Octa Review |
| Broker Screenshots | FP Markets | Octa | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| Regulation | FP Markets | Octa | |
|---|---|---|---|
| Trust Score | 90 | 73 | |
| Year Founded | 2005 | 2011 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | Octa | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FP Markets | Octa | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | FP Markets | Octa | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 300 | |
| Forex Pairs (Total) | 71 | 35 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | FP Markets | Octa | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.3 | 0.9 | |
| All-in Cost EUR/USD - Active | 0.9 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | FP Markets | Octa | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $25 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | FP Markets | Octa | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | FP Markets | Octa | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | Octa | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | FP Markets | Octa | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | Octa | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | FP Markets | Octa | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | FP Markets Review | Octa Review |
| Overall | FP Markets | Octa | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 90 | 73 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Octa Review |
IG
FOREX.com
CMC Markets
XTB
eToro
Capital.com
AvaTrade
Pepperstone
FP Markets
Tickmill