Contributor, Benzinga
December 4, 2023
Overall Rating:
securely through Octa's website

Established in 2011, Octa is a prominent online forex and CFD broker providing clients with leverage up to 500:1 across a diverse portfolio of over 300 trading instruments, including 30 digital currency pairs.

The company is headquartered in the Union of Comoros on the island of Mwali and operates under the regulatory purview of the Mwali International Services Authority. The company has garnered a significant global presence, having facilitated the opening of over 40 million forex trading accounts in more than 180 countries.

In addition to conventional currency trading, Octa offers contracts for difference (CFDs) on various assets. The brokerage supports the widely acclaimed MetaTrader 4 and 5 platforms, alongside its proprietary OctaTrader platform. Octa extends accessibility through its Trading App and Copytrading App, available on Google Play and the AppStore.

Best For
  • Forex and CFD traders
  • Copy traders
  • MetaTrader platform users
  • Comprehensive market news and analysis
  • MetaTrader 4 and 5 platforms
  • Low minimum deposit
  • Robust trading and research tools
  • Service is not available to U.S.-based traders

Octa Ratings at a Glance

Product Offering
Customer Service
Minimum Investment and Pricing
Mobile App
User Experience

Octa Product Offering

Octa provides an extensive range of over 300 tradable assets and derivatives. Below find listed the various types of assets you can trade through Octa:

  • Forex currency pairs: Trade 35 of the most active currency pairs with competitive dealing spreads as low as 0.9 pip on EUR/USD. Octa also offers 500:1 leverage, and you can open a live forex account for as little as a $25 initial deposit.
  • Stock derivatives: Trade stock derivatives on stocks listed on 16 different world exchanges with a maximum leverage ratio of 20:1. 
  • Commodities: Besides gold and silver CFDs that can be traded with a maximum leverage ratio of 200:1, Octa offers trading in U.S. Natural Gas, Brent crude and West Texas Intermediate crude CFDs with maximum leverage of 100:1. 
  • Shares of stock: For a minimum deposit of $10,000, you can trade selected shares of stock of over 100 major (mostly U.S.) companies. You can also buy shares of stock such as Apple Inc. (NASDAQ: AAPL) or (NASDAQ: AMZN) with no leverage, although you do receive dividends and can open as many as 10 stock positions in your account. All stock transactions cost $15 for buying and selling.
  • Indices: Octa offers trading in 10 major world stock indices with a maximum leverage ratio of 50:1. 
  • Cryptocurrencies: You can trade as many as 30 of the most popular cryptocurrency/USD pairs, including Bitcoin, Litecoin and Ethereum. Cryptocurrencies have a leverage ratio of up to 25:1.  

You can choose to open a demo account for forex and CFD trading before you make an initial deposit to gauge the services, spreads and trading conditions. In addition to the demo and live trading accounts, you can also open an Islamic account, with no swap or other fees. 

Educational Resources 

If you are a beginning trader, in addition to opening a demo account, you can access webinars with industry and trading professionals, as well as tutorials on using the Octa Trading and MetaTrader 4 and 5 applications, how to trade cryptocurrency and how to use the Autochartist MetaTrader plugin. Octa also provides a video library, tutorial articles on trading, platforms and forex basics and extensive news and research resources that most traders will find useful. 

For more advanced traders, Octa provides a series of manuals for the MetaTrader 4 platform that include:

  • Trading: Trailing stop, market watch, trade positions, chart trading, account history, trade tab and order types. 
  • EAs (Expert Advisor setup): Tester parameters, experts tab, expert advisor setup, expert advisor launch, code base toolbox and expert advisors shutdown. 
  • Charts: Chart setup, chart opening, line studies and toolbar. 
  • Interface: Journal, navigator, standard toolbar and registering server. 
  • Indicators: Custom indicator launch; custom indicator removal
  • Signals: Signal subscribers, MQL5 community settings, signal providers and signal settings
  • Autochartist: Autochartist installation manual

The manual for the MetaTrader 5 platform includes:

  • Trading: Placing trades, one-click trading
  • Virtual hosting: Registering  virtual hosting, migration and managing
  • Autochartist: Installation manual
  • Getting started: Login, Windows installation, Linux installation, Mac OS installation
  • Autotrading: Expert Advisor and custom indicators, strategy testing, downloading EAs 


Octa offers several helpful analytical tools that many traders would find useful, including a trading calculator, profit calculator and pip calculator. Analytics include live quotes and monitoring, market information, market insights, an economic calendar, forex news, interest rates and a market holiday calendar.  

Copy Trading 

Whether you plan to copy someone else’s trades or trade well enough to have your trades copied, Octa can accommodate your needs either on your desktop or via the company’s Copytrading App

Through Octa’s copy trading service, you can choose from an unlimited number of Masters to copy and create a diversified and balanced portfolio, allowing you to receive a more stable income that can better suit someone interested in forex investing. You can modify or stop copying orders at any time, and you can view detailed trading statistics for all Master Traders in the copier area. 

Copiers have their own area on the website, as well as a link to Octa’s list of Master Traders and their ratings. Master traders have their own area and account types and must adhere to the rules set forth by Octa. The Master determines the commission amount for copying orders, with commissions ranging from 0% to 50% of the copiers gain. 

Commissions for using the service are included in the dealer spread, with a markup of 0.2 pips per transaction. Copy traders also qualify for a one-time 50% of invested funds bonus, although the bonus funds cannot be withdrawn or considered an integral part of the copier’s investment.  

Octa Customer Service

Octa offers its clients one of the most responsive 24/7 multi-lingual customer service departments in the industry. According to Octa, “only 0.7% of our customers address Customer Support.” Customer support is available in English, Indonesian, Malay, Thai, Hindi, Spanish and Urdu. 

To get immediate results, you can contact Octa via its live chat feature right on its website. If you have a question that might be answered easily without contacting the company, they also have a FAQ section with information on opening accounts, choosing a leverage ratio and how to open a shares account, for example. 

Octa maintains a strong social media presence, so you can contact them through their Facebook, LinkedIn, YouTube, Twitter and Instagram links. In addition, you can also contact the firm 24/5 via email at for EU-based traders and 24/7 at for traders residing in other jurisdictions. 

Octa Security

Octa gives top priority to its clients’ fund security, beginning with segregated accounts. Complying with international regulation standards, all client funds are kept in separate accounts from the company’s own balance sheets, so your money remains secure. 

Octa also uses Single Socket Layer (SSL)-protected technology to safeguard your personal data and financial transactions. The SSL-secured Personal Area is protected from third parties with 128-bit encryption making your browsing safe and data secure. 

For further protection, your personal ID scan and proof of address must be submitted to ensure your transactions are authorized and secure. Withdrawals from a live account can only be made after email verification so only you can access your funds. Withdrawals and deposits must also have the same payment details so that under no circumstances can Octa transfer a withdrawal to a third party. 

When processing Visa credit cards, Octa uses 3D technology making all Visa transactions transparent and safe. Finally, the technical environment for all of Octa’s online operations is monitored 24/7 by a dedicated team of highly professional technical specialists and engineers. 

Octa Minimum Investment and Pricing

Octa offers three different account types. Each account type requires a minimum deposit of only $25, although Octa recommends that you deposit at least $100 to open a live account. The three types of accounts are: 

  • OctaTrader Account: Features dealing spreads from 0.6 pip and gives you access to 77 tradable assets, including 32 currency pairs, gold and silver, 3 energies, 10 indices and 30 cryptocurrency pairs.
  • MetaTrader 5 Account: Features dealing spreads from 0.6 pips and provides access to 247 tradable assets, including 32 currency pairs, gold and silver, 3 energies, 10 indices, 30 cryptocurrency pairs, 149 stocks and 21 intraday assets.
  • MetaTrader 4 Account: Offers dealing spreads from 0.6 pips and access to 71 tradable assets, including 32 currency pairs, gold and silver, 3 energies, 4 indices and 30 cryptocurrency pairs.

No trading commission is charged on any of the accounts, with leverage ratios for forex currencies available up to 500:1, except for ZAR/JPY, which has a maximum leverage ratio of only 100:1. Leverage ratios for metals are 200:1; energies, 100:1; indices, 50:1; and crypto 25:1 in all account types. In the MT5 account, the leverage ratio for stocks is 20:1, while intraday assets can be leveraged up to 200:1.   

Octa Mobile App

Octa's mobile app, OctaTrader, incorporates charting technology by TradingView, offering advanced charting and real-time quotes across a diverse range of assets. The app features one-click trading, terminal alerts, market analytics, broker promotions and seamless deposit and withdrawals.

The OctaTrader app allows you to set stop-loss and take-profit levels, trade directly from the chart and set pending orders. You can also use the MT4 and MT5 apps to trade in your Octa trading account. 

For copy traders, Octa offers their dedicated Copytrading app where you can find and copy from an unlimited number of trading Masters. The app lets you specify all the parameters you choose for your order copy, and you can modify or stop copying orders at any time.  

Octa User Experience

The Octa website is easy to navigate and includes all the information you will need to open an account and start trading. Support for the MetaTrader platforms and its own proprietary OctaTrader platform make the broker easily accessible to the large number of traders who already use the MetaTrader suite. 

Analytical tools, news updates and trading resources provide Octa’s clients with a competitive edge. Educational resources provided cater to various skill levels, including live trading webinars, articles, video and written tutorials, a glossary and a FAQ section. Unfortunately, Octa is not available in certain regions, including the U.S., U.K., Japan, the Islamic Republic of Iran, Russia or Cyprus.

Octa vs. Competitors

Unlike many other online forex brokers that support the MetaTrader platforms, Octa offers its own proprietary platform and app. In addition, Octa offers social trading and a social trading app. While Octa’s limited number of tradable assets cannot compare with other larger competitors such as IC Markets or XM, many traders prefer to trade a limited amount of assets to begin with and the availability of social trading and its unique platform sets Octa apart. Below you can find a chart comparing Octa with other forex brokers. 

  • Plus500 CFD
    Best For:
    CFD Service for Mobile Users
    securely through Plus500 CFD's website

    82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

  • NON US
    Best For:
    Fast, Reliable Execution and High-Volume Traders
    securely through NON US's website

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% to 77.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

    The products and services available to you at will depend on your location and on which of its regulated entities holds your account

  • IBKR Forex
    Best For:
    Active and Global Traders
    Securely through Interactive Brokers’ website

Octa Overall

Octa receives a commendable overall rating of 4.5 stars. The limitations of this firm mainly include its restricted asset range, the company's domicile in the Union of Comoros, its oversight by the Mwali International Services Authority instead of a major regulator and its limited educational resources, which could be improved.

The generally positive rating reflects the brokerage's strengths in supporting the popular MetaTrader 4 and 5 platforms, as well as in offering proprietary trading solutions and copy trading which truly make Octa a broker to consider. 

Frequently Asked Questions


Is Octa legal?


Yes, the company keeps its headquarters in Comoros on the island of Mwali and operates under the regulatory authority of the Mwali International Services Authority.


Does Octa help you make money?


Octa can help you make money by providing research and analysis to benefit your trading results. Octa can also help you make money by providing excellent broking services; however, ultimately, it is the trader, their trading strategy and their discipline to stick to that strategy that will make money in the market.


How much do you need to get started on Octa?


To get started with Octa, a demo account has no initial deposit, while a live account requires a minimum of $25. Octa also recommends an initial deposit of at least $100 for a live account.


Is Octa a secure and legit platform?


Yes! Octa is a regulated and secure platform that offers trading opportunities to investors in a number of countries. Investors should keep in mind that the platform is not available in the U.S.

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About Jay and Julie Hawk

Jay and Julie Hawk are the married co-founders of TheFXperts, a provider of financial writing services particularly renowned for its coverage of forex-related topics. With over 40 years of collective trading expertise and more than 15 years of collaborative writing experience, the Hawks specialize in crafting insightful financial content on trading strategies, market analysis and online trading for a broad audience. While their prolific writing career includes seven books and contributions to numerous financial websites and newswires, much of their recent work was published at Benzinga.