FBS versus Octa
FBS, founded in 2009, and Octa, operational since 2011, established themselves as leading choices for social traders. Both developed proprietary copy trading services and offer the MT4/MT5 trading platforms with their integrated services. The FBS trading community counts 23+ million traders, and Octa is home to 10+ million trading accounts.
The minimum deposit at FBS of $1 and Octa of $25 ensures that both are accessible to all traders, as they accept traders from 150+ countries. While the maximum leverage of 1:3000 is higher at FBS, most traders will use 1:500, available at FBS and Octa alike. Their similarities extend with generous bonuses and quality education for beginner traders.
We have conducted an in-depth review of FBS and Octa to determine which one presents the better overall choice and which traders will benefit the most at either broker.
- Features and Platforms
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- FBS versus Octa- Verdict
 |  | |
Headquarters | Comoros | Belize |
Regulators | CySEC, FSCA, MWALI International Services Authority | CySEC, FSC Belize |
Tier 1 Regulator(s)? | ||
Owned by Public Company? | ||
Year Established | 2011 | 2009 |
Execution Type(s) | Market Maker | Market Maker |
Minimum Deposit | $25 | $10 for Cent Accont/$100 for Standard Account |
Negative Balance Protection | N/A | |
Trading Platform(s) | MetaTrader 4, MetaTrader 5, Proprietary platform | MetaTrader 4, MetaTrader 5 |
Average Trading Cost EUR/USD | 0.9 pips | 0.7 pips ($7.00) |
Average Trading Cost GBP/USD | 1.3 pips | 1.2 pips ($12.00) |
Average Trading Cost WTI Crude Oil | $0.07 | $0.05 |
Average Trading Cost Gold | $0.30 | $0.23 |
Retail Loss Rate | 67.65% | N/A |
Minimum Raw Spreads | Not applicable | N/A |
Minimum Standard Spreads | 0.6 pips | N/A |
Minimum Commission for Forex | Commission-free | N/A |
Islamic Account | ||
Signals | ||
US Persons Accepted? | ||
Managed Accounts | ||
| Get Started | Get Started |
Features and Platforms
| | |
MT4 | ||
MT5 | ||
MT4/MT5 Add-Ons | N/A | |
cTrader | ||
Proprietary Platform | ||
Automated Trading | ||
Social/Copy Trading | N/A | |
DOM? | ||
Guaranteed Stop Loss | ||
Scalping | ||
Hedging | ||
One-Click Trading | ||
OCO Orders | ||
Interest on Margin | ||
| Get Started | Get Started |
Noteworthy:
Besides their copy trading services, FBS and Octa developed proprietary mobile trading apps. They target their core market, millennial and GenZ traders, where social trading remains a popular, high-growth trading approach.
Available Markets
| | |
Currency Pairs | N/A | |
Cryptocurrencies | N/A | |
Commodities | ||
Crude Oil | ||
Gold | ||
Metals | ||
Equity Indices | ||
Stocks | N/A | |
Stocks (non-CFDs) | ||
Bonds | N/A | |
ETFs | ||
Options | N/A | |
Futures | ||
Synthetics | ||
| Get Started | Get Started |
Forex traders get 37 currency pairs at FBS and 32 at Octa, making both suitable for trading strategies requiring fewer assets but liquid ones with lower spreads. Both brokers offer 30 cryptocurrency pairs, further strengthening their appeal for their core market. FBS additionally maintains large-cap equity CFDs, a sector notably missing at Octa.
Typical Spreads and Fees
| | |
Average Trading Cost EUR/USD | 0.9 pips | 0.7 pips ($7.00) |
Average Trading Cost GBP/USD | 1.3 pips | 1.2 pips ($12.00) |
Average Trading Cost WTI Crude Oil | $0.07 | $0.05 |
Average Trading Cost Gold | $0.30 | $0.23 |
Average Trading Cost Bitcoin | $11 | $20.00 |
Minimum Raw Spreads | Not applicable | N/A |
Minimum Standard Spreads | 0.6 pips | N/A |
Minimum Commission for Forex | Commission-free | N/A |
Deposit Fee | N/A | |
Withdrawal Fee | N/A | |
Inactivity Fee | No | N/A |
| Get Started | Get Started |
The commission-free pricing environment at FBS starts from 0.5 pip or $5.00 per 1 standard lot and 0.6 pips or $6.00 at Octa. FBS offers a commission-based alternative, where average mark-ups create more expensive costs. Octa offers swap-free trading in its MT5 account, resulting in a pricing advantage for leveraged strategies.
Security and Trust
| | |
Country of the Regulator | Cyprus, Comoros, South Africa | Belize, Cyprus |
Name of the Regulator | CySEC, FSCA, MWALI International Services Authority | CySEC, FSC Belize |
Regulatory License Number | 372/18, 51913, HY00623410 | 000102/460, 331/17 |
Regulatory Tier | N/A | 4, 1 |
| Get Started | Get Started |
FBS and Octa offer negative balance protection and segregate client deposits from corporate funds. FBS enjoys a clean regulatory record, while Octa operates from Cyprus regulated by CySEC, and as an unregulated but duly registered company in St. Vincent and the Grenadines. Octa earned a trustworthy reputation, equal to FBS, thanks to their well-established histories.
Octa vs FBS – Verdict
FBS
| Pros | Cons |
| Low Forex trading costs from $5.00 per 1 standard lot | Limited overall asset selection |
| Competitive choice of cryptocurrencies | |
| Proprietary copy trading service and one of the largest trading communities | |
| Minimum deposit of $1 with maximum leverage of 1:3000 |
Octa
| Pros | Cons |
| Low minimum deposit and high leverage up to 1:500 | Limited overall asset selection |
| Swap-free trading in the Octa MT5 account | |
| Competitive selection of cryptocurrencies | |
| Large trading community and proprietary copy trading service |
FBS and Octa execute a similar business model and cater to identical core markets, millennial and GenZ traders. Both have large trading communities, a proprietary copy trading service, an in-house developed mobile app, and a competitive choice of cryptocurrencies. With quality education, generous bonuses, and the MT4/MT5 trading platforms available at both, Octa pulls ahead due to lower costs with swap-free trading in its MT5 accounts and the Autochartist plugin.
FBS is home to 23+ million traders from 150+ countries and established itself as one of the most trusted brokers industry-wide with a clean regulatory record.
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