This 2025 review of Octa covers everything from spreads and leverage to withdrawal speed and regulatory safety, helping traders decide whether Octa is the right fit.
Octa, established in 2011, is a CFD and forex broker with a presence in over 180 countries worldwide. Known for its user-friendly interface and zero-commission model, Octa is suitable for both beginners and intermediate traders.
While the broker does not hold Tier 1 licenses, it is regulated by the Mwali International Services Authority (MISA) through its legal entity Octa Markets Inc. and claims compliance with several international standards.
Globally, Octa has gained traction among beginners with its appealing promotions and copy trading feature. However, the platform has drawn mixed feedback due to lengthy withdrawal times and sluggish customer service responsiveness.
OctaFX Overview
OctaFX Overview
OctaFX
- Minimum Deposit$25
- SpreadLow
- Trading FeeFree
- Deposit FeeFree
- Withdrawal FeeFree
- Account OpeningWithin 24 hours
Pros and Cons
Pros and Cons
Pros
- Commission-free trading with tight spreads and competitive fees
- Copy trading feature for beginner investors
- Tiered margin structure promotes safer leverage for larger accounts
- 24/7 multilingual customer support
Cons
- Regulated only in higher-risk jurisdictions, lacking Tier‑1 oversight
- Narrow range of tradable instruments
- Market research content is less extensive compared to other competitors
- Limited leverage availability
Account Types
Account Types
Octa offers three types of trading accounts: OctaTrader, Octa MT5, and Octa MT4. The spread for all account types starts from 0.6 pips, which is relatively low. However, the maximum leverage offered by Octa is lower compared to many competitors.
OctaFX Fees, Spreads, and Commissions
OctaFX Fees, Spreads, and Commissions
Trading Fees
Octa offers commission-free trading with tight spreads, particularly on major currency pairs. Spreads are floating and start from 0.6 pips. Below are the typical spreads for four popular currency pairs:
While spreads are competitively low, the limited leverage offering may reduce the traders’ buying power.
Deposit, Withdrawal, and Other Account Fees
Deposits and withdrawals on Octa are free. However, since trading accounts are denominated in USD, currency conversion fees may apply when funding with a different base currency. No inactivity or maintenance fees are charged.
Fee Structure 1
Fee Structure 2
Fee Structure 3
Fee Structure 4
Trading Platforms Available on OctaFX
Trading Platforms Available on OctaFX
All platforms support core functionality, including charting, indicators, and one-click trading. Although the OctaTrader platform is intuitive and lightweight, it lacks advanced customization options.
| Trading Platforms | Availability |
|---|---|
| MetaTrader 4 | |
| MetaTrader 5 | |
| cTrader | |
| TradingView | |
| NinjaTrader | |
| Proprietary Platform | |
| Mobile App |
Assets You Can Trade on OctaFX
Assets You Can Trade on OctaFX
Octa is a CFD broker with around 300 financial instruments across forex, indices, cryptocurrencies, and stocks. This is how it compares to other popular CFD brokers such as IUX and Pepperstone.
*Comparison between CFD brokers only
*Comparison between CFD brokers only
Looking for something else? Compare tradable assets, features, and more at a glance with our powerful broker comparison tool.
COMPARE BROKERSDeposit and Withdrawal
Deposit and Withdrawal
Funding Methods
Funding Methods
OctaFX supports funding through:
- Debit / Credit Card
- PayPal
- Wise
Funding Methods
Octa supports multiple funding options, including:
- Debit/credit cards
- Bank transfers
- Cryptocurrencies such as Bitcoin, Ethereum, Tether, Litecoin, and Dogecoin
The processing time is rather slow, with funds typically reflected in your account after 1-3 hours.
Withdrawals are also slow, typically taking 1–3 business days. Octa does not charge any internal fees, though external bank processing fees or conversion charges may apply. The minimum deposit is $25.
Educational Resources & Research Tools on OctaFX
Educational Resources & Research Tools on OctaFX
Research Tools
Octa provides daily market insights, an economic calendar, trading calculators, and proprietary indicators.
Educational Resources
Octa has video tutorials, webinars, and trading guides for beginners to intermediate investors. It also regularly publishes blog posts on investment strategy and market trends.
OctaFX Customer Support
OctaFX Customer Support
Support Channels
Support is available 24/7 via:
- Live chat
- Social media channels such as Facebook, X, and Instagram
Language Support
Support is available in 28 languages, including but not limited to:
- English
- Hindi
- Spanish
- Arabic
- Malay
- Chinese
- Portuguese
- Turkish
Live chat response times are generally quick, but email replies tend to be slower. User reviews mentioned templated responses and occasional difficulty resolving issues.
Safety and Regulations
Safety and Regulations
User Experience and Interface
User Experience and Interface
Desktop Navigation and Performance
The web platform and MetaTrader interfaces are intuitive, with stable charting tools, fast execution, and customizable dashboards.
Mobile Navigation and Performance
The Octa mobile app is responsive, supports biometric login, and mirrors most features from the desktop version. Some users have reported minor delays during peak trading times.
Final Verdict
Final Verdict
Octa provides commission-free trading, accessible platforms, and copy trading, making it an appealing choice for beginner investors. However, its lack of Tier 1 regulation and limited asset selection may deter seasoned investors.
Is Octa the Right Broker for You?
Octa may suit cost-conscious traders who value simplicity and support for Islamic accounts. Its low minimum deposit and educational materials also make it accessible to newer traders.
Who Should Trade with Octa?
Beginners seeking a low-cost, no-commission model may favor Octa. Muslim traders requiring a swap-free account will also welcome its Islamic account options. Octa is not suitable for traders who prefer higher leverage or access to a broad asset selection, as the number of tradable instruments is quite limited.