FXTM versus Octa

FXTM offers the core MT4/MT5 trading platforms and upgrades MT4 with its Pivot Points Strategy plugin, featuring technical analysis using five methods and eight timeframes. Algorithmic traders and scalpers benefit from an average execution speed of 0.072 seconds with an average price improvement of 0.29 pips or $2.90 per lot. Beginners get quality education and actionable trading signals.

Octa shines with its growing copy trading community, exceeding 12M accounts, driven by its proprietary copy trading service and user-friendly mobile app. Octa upgrades the out-of-the-box MT4/MT5 trading platforms with Autochartist and relies on generous, withdrawable bonuses, with $15M+ paid out to traders.

We have conducted an in-depth review of FXTM and Octa to determine which presents the better overall choice and which traders will benefit the most at either broker.

Headquarters
CyprusSaint Vincent and the Grenadines
Regulators
CMA, CySEC, FCA, FSC Mauritius, FSCACySEC
Tier 1 Regulator(s)?
N/A
Owned by Public Company?
Year Established
20112011
Execution Type(s)
ECN/STP, Market MakerMarket Maker
Minimum Deposit
$500$100
Negative Balance Protection
Trading Platform(s)
MetaTrader 4, MetaTrader 5, Proprietary platformMetaTrader 4, MetaTrader 5, Proprietary platform
Average Trading Cost EUR/USD
0.1 pips0.9 pips
Average Trading Cost GBP/USD
0.2 pips1.3 pips
Average Trading Cost WTI Crude Oil
$0.09 $0.07
Average Trading Cost Gold
$0.18 $0.30
Retail Loss Rate
77.00%67.65%
Minimum Raw Spreads
0.0 PipsNot applicable
Minimum Standard Spreads
1.5 pips 0.6 pips
Minimum Commission for Forex
$0.80 - $4.00 per round lotCommission-free
Islamic Account
Signals
US Persons Accepted?
Managed Accounts
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Features and Platforms

MT4
MT5
MT4/MT5 Add-Ons
cTrader
Proprietary Platform
Automated Trading
Social/Copy Trading
DOM?
Guaranteed Stop Loss
Scalping
Hedging
One-Click Trading
OCO Orders
Interest on Margin
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Noteworthy:

Traders must deposit $500 at FXTM for ultra-competitive trading costs. Octa maintains a status program, rewarding high-volume traders with lucrative giveaways, and both have high-paying partnership programs.

Available Markets

Currency Pairs
Cryptocurrencies
Commodities
Crude Oil
Gold
Metals
Equity Indices
Stocks
Stocks (non-CFDs)
Bonds
ETFs
Options
Futures
Synthetics
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The asset selection at FXTM exceeds 1,000 trading instruments, focused on Forex and equities. While it excludes cryptocurrencies, equity traders get CFDs, direct share investments, and in-house constructed thematic stock baskets for long-term investors. Octa focuses on highly liquid assets, including 30+ cryptocurrency pairs, but maintains a limited overall choice of trading instruments.

Typical Spreads and Fees

Average Trading Cost EUR/USD
0.1 pips0.9 pips
Average Trading Cost GBP/USD
0.2 pips1.3 pips
Average Trading Cost WTI Crude Oil
$0.09 $0.07
Average Trading Cost Gold
$0.18 $0.30
Average Trading Cost Bitcoin
N/A$11
Minimum Raw Spreads
0.0 PipsNot applicable
Minimum Standard Spreads
1.5 pips 0.6 pips
Minimum Commission for Forex
$0.80 - $4.00 per round lotCommission-free
Deposit Fee
Withdrawal Fee
Inactivity Fee
$5 monthly after 6 months No
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FXTM fees rank among the cheapest industry-wide, especially in its FXTM Advantage account, where traders get raw spread from 0.0 pips for commissions between $0.80 and $4.00 per 1.0 standard lot. Octa fees feature commission-free trading with minimum costs of 0.6 pips or $6.00 per lot, plus a volume-based rebate program.

Account Types

Account TypesFXTMOcta
Commission-free Accounts:
Commission-based Accounts:
Demo Accounts:
Islamic Accounts:
Social / Copy Trading:
Managed Accounts:

Minimum Deposit

Account TypesFXTMOcta
Minimum Deposit:$500$25
Deposit Fees:
Third-PartyThird-Party
E-wallets:
Cryptocurrencies:
Localized Methods:
Total Deposit Methods:
185
Supported Deposit Currencies:
USD, EUR, GBP (15 total)USD, EUR

The FXTM minimum deposit is $500 for the FXTM Advantage account, which has ultra-cheap trading costs. Other brokers require minimum deposits above $20,000 for equal trading costs. The Octa minimum deposit requirement is $25, but Octa recommends $100. Each trader has different capital requirements, but effective trading requires more capital than the minimum deposit.

Minimum Withdrawal

Typical Spreads & FeesFXTMOcta
Minimum Withdrawal:
$1$5
Internal Withdrawal Fees:
€30 bank wires, €2 credit/debit cardsNo
Internal Processing Times:
24 hours30 minutes to three hours

Security and Trust

Country of the Regulator
Cyprus, Kenya, Mauritius, United Kingdom, South AfricaCyprus, South Africa
Name of the Regulator
CMA, CySEC, FCA, FSC Mauritius, FSCACySEC
Regulatory License Number
185/12, 777911, C113012295, 135, 46614372/18, 51913
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FXTM and Octa segregate client deposits from corporate funds, offer negative balance protection, and have spotless operational records. The former caters to most clients from its Mauritius-regulated subsidiary, and the latter from its unregulated but duly registered St. Vincent and the Grenadines unit or from its regulated entity in Cyprus .

Octa vs FXTM – Verdict

Octa

ProsCons
Low minimum deposit and high leverage up to 1:500Limited overall asset selection
Swap-free trading in the Octa MT5 account
Competitive selection of cryptocurrencies
Large trading community and proprietary copy trading service

FXTM

ProsCons
Excellent commission-based Forex pricing environment and transparency No cryptocurrencies and a limited choice of commodities
Upgraded MT4/MT5 trading platforms plus proprietary mobile trading app
Quality market research and educational content for beginner traders

A highly regulated broker with a tier-1 license

Octa delivers to its core trader base, copy and cryptocurrency traders, a highly competitive commission-free trading environment. Its generous bonuses, volume-based giveaways, support for cryptocurrency deposits and withdrawals, and fast withdrawal processing make it a popular broker. FXTM takes the overall lead due to its ultra-low trading costs, a well-balanced asset selection, excellent price improvement mechanism, high-speed order execution, and quality trading tools supportive of all trading strategies.

You might also be interested in reviewing the below broker comparisons:

Read full FXTM Review
Read full Octa Review

FAQs

Does FXTM have a bonus?

FXTM currently does not offer any bonuses.

What is the minimum deposit for Octa?

The minimum deposit for Octa is $25, but Octa recommends trading with at least $100.

What is the minimum deposit in FXTM?

The minimum deposit at FXTM is $500 for the Advantage account.

Can I trust Octa?

Octa is regulated in Cyprus, and it has served its 12M+ trading accounts worldwide with a respectable track record, making it a trusted broker.

How long does FXTM withdrawal take?

FXTM usually processes withdrawals within 24 hours, but it can take longer until clients receive their funds, dependent on the payment processor and geographic location.

How trusted is FXTM?

FXTM complies with four regulators, has a spotless operational record, and has catered to clients since 2011. It has established itself as one of the most trusted brokers industry wide.

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