Written by ForexBrokers.com
In this head to head comparison of Spreadex vs Octa, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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Spreadex vs Octa: regulation and trust. Spreadex (founded 1999) and Octa (founded 2011) are not publicly traded and are not banks. ForexBrokers.com rates Spreadex at 70/99 and Octa at 73/99 on its Trust Score—both considered average risk on that scale.
Each broker holds one Tier-1 license (viewed by ForexBrokers.com as highly trusted). Octa also holds one Tier-2 license (trusted), while Spreadex holds none. If you want a broker with an extra layer of licensing beyond Tier-1, Octa has the edge; otherwise, both carry similar trust assessments.
| Feature |
Spreadex
|
Octa
|
|---|---|---|
| Year Founded | 1999 | 2011 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Spreadex earns a 4-star rating for commissions and fees and ranks 26th out of 36 brokers in ForexBrokers.com’s Commissions and Fees category. Its pricing is competitive, with average EUR/USD spreads of 0.81 pips in January 2024, and a minimum spread of 0.6 pips available 60% of the time during the month. That makes Spreadex a solid choice for traders who want fairly low spread costs without a complicated fee structure.
Octa also holds a 4-star rating for commissions and fees, but it ranks just below Spreadex at 27th out of 36 brokers. Octa has improved its pricing over time and now comes close to the lowest-cost MetaTrader brokers. Its EU entity lists an average EUR/USD spread of 0.5 pips, while its international entities list 0.9 pips, though Octa does not provide a date range for these average spread figures. One advantage is that Octa advertises no overnight carry costs and no slippage on 97.5% of executed orders, but some account and platform restrictions may matter for active or high-frequency traders.
Overall, Spreadex and Octa are closely matched on commissions and fees, with both receiving the same star rating. Spreadex has the slight edge in ranking, while Octa may appeal to traders looking for low spreads and no overnight financing charges, depending on the account type and entity used.
| Feature |
Spreadex
|
Octa
|
|---|---|---|
| Minimum Deposit | $0 | $25 |
| Average spread (EUR/USD) - Standard account | 0.81 | 0.9 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
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When it comes to range of investments, Spreadex offers a wider selection than Octa. Spreadex lists about 10,000 tradeable symbols and 52 forex pairs, compared with Octa’s 300 symbols and 35 forex pairs. Both brokers support forex trading and cryptocurrency CFDs, but neither allows you to buy actual cryptocurrency. Neither broker offers U.S. exchange-traded shares, such as Apple stock, as a cash investment.
Octa does have one clear extra: it offers exchange-traded securities on international exchanges, while Spreadex does not. Octa also supports copy trading, which Spreadex lacks. Based on ForexBrokers.com’s Range of Investments rating, Spreadex scores 5 stars and ranks #13 out of 36 brokers, while Octa scores 3.5 stars and ranks #34, making Spreadex the better choice overall for investors looking for more market access.
| Feature |
Spreadex
|
Octa
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 300 |
| Forex Pairs (Total) | 52 | 35 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | No | 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). |
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Spreadex and Octa both give traders a free demo account, a proprietary platform, and a web-based trading platform, so each broker offers a simple way to practice and trade online without downloading software. Both also let users trade directly from charts, which can make placing orders faster and easier for active traders. In ForexBrokers.com’s Trading Platforms and Tools category, both brokers are rated 4 out of 5 stars, although Octa is ranked higher overall at #31 of 36 brokers, compared with Spreadex at #35.
The main difference is that Octa offers more platform choices and extra tools. Octa includes a Windows desktop app, MetaTrader 4, MetaTrader 5, and copy trading, while Spreadex does not offer these features. That may make Octa a better fit for traders who want more flexibility, especially if they prefer using MetaTrader or following other traders’ strategies.
| Feature |
Spreadex
|
Octa
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 58 | 30 |
| Charting - Trade From Chart | Yes | Yes |
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Spreadex and Octa both offer mobile trading apps for iPhone and Android, so either broker can suit traders who want to manage trades on the go. Each app also includes price alerts and lets users draw trendlines on charts. Neither broker offers watchlist syncing between the mobile app and the online account, so changes made in one place do not update the other.
Where they differ is in chart tools and convenience. Octa gives mobile users 30 technical studies and can auto-save chart drawings, while Spreadex does not list a set number of studies and does not save drawings automatically. Both brokers are rated 4 out of 5 stars for mobile trading apps, but Octa places higher in ForexBrokers.com’s ranking, coming in at #30 out of 36 brokers compared with Spreadex at #34.
| Feature |
Spreadex
|
Octa
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
Spreadex and Octa both give traders a useful set of market research tools. Each broker offers daily market commentary, forex news from major sources such as Bloomberg and Reuters, Autochartist tools, and an economic calendar to track upcoming events. Both are also rated 4 out of 5 stars for Research, which puts them on similar footing for everyday market insight.
The main difference is that Spreadex includes a sentiment tool showing the balance of long and short positions across markets, while Octa does not. On the other hand, Octa places slightly higher in ForexBrokers.com’s Research ranking, coming in at #24 out of 36 brokers, compared with Spreadex at #28 out of 36. Neither broker offers Trading Central, TipRanks, or Acuity Trading research tools.
| Feature |
Spreadex
|
Octa
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Spreadex and Octa for beginner education, both brokers offer at least 10 beginner-focused trading videos, and both earn a 4-star rating for Education. That said, neither stands out as a top choice in the category based on ForexBrokers.com rankings: Spreadex sits at #34 out of 36 brokers, while Octa is slightly ahead at #32. For traders just starting out, this suggests that both platforms provide useful entry-level material, but Octa has a small edge overall.
Where Octa pulls further ahead is in broader learning support. Octa offers forex or CFD education, hosts monthly educational webinars, and provides at least 10 advanced videos for more experienced traders. Spreadex, by comparison, does not offer monthly educational webinars and does not appear to provide 10 advanced trading videos. So while both brokers can help beginners get started, Octa gives learners more room to grow with deeper and more regular educational content.
| Feature |
Spreadex
|
Octa
|
|---|---|---|
| Webinars | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Spreadex is better than Octa. Spreadex finished with an overall rank of #33, while Octa finished with an overall rank of #35.
Spreadex is a U.K.-based broker best known for its multi-asset offering, including forex, CFDs, spread betting, and options, alongside access to the TradingView platform and solid research content.
| Feature |
Spreadex
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Octa
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| Trust Score | 70 | 73 |
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Spreadex vs Octa: Both online brokers do not support buying actual (delivered) cryptocurrency, but each offers cryptocurrency CFD trading for speculating on crypto prices.
Online brokers Spreadex and Octa both allow bank wire deposits and withdrawals; neither supports ACH/SEPA or PayPal; only Octa offers Skrill (Spreadex does not); and Visa/Mastercard availability is not specified for either.
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.
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0 of 5| Overall Rating | Spreadex | Octa | |
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| Trust Score | 70 | 73 | |
| Winner | check_circle | ||
| Review | Spreadex Review | Octa Review |
| Broker Screenshots | Spreadex | Octa | |
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| Regulation | Spreadex | Octa | |
|---|---|---|---|
| Trust Score | 70 | 73 | |
| Year Founded | 1999 | 2011 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Spreadex | Octa | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | Spreadex | Octa | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Spreadex | Octa | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 300 | |
| Forex Pairs (Total) | 52 | 35 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | No | 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 | Spreadex | Octa | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.81 | 0.9 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Spreadex | Octa | |
|---|---|---|---|
| Minimum Deposit | $0 | $25 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | Spreadex | Octa | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Spreadex | Octa | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 58 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Spreadex | 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 | N/A | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Spreadex | Octa | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Spreadex | Octa | |
|---|---|---|---|
| Webinars | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes |
| Major Forex Pairs | Spreadex | Octa | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Spreadex Review | Octa Review |
| Overall | Spreadex | Octa | |
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| Trust Score | 70 | 73 | |
| Winner | check_circle | ||
| Review | Spreadex Review | Octa Review |
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