Compare ThinkMarkets Vs Octa: Which is the Better Forex Broker in 2024?
ThinkMarkets Vs Octa, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between ThinkMarkets Vs Octa, here is the direct comparison:
Compare | ThinkMarkets | Octa |
General Rating |
2.87/5 |
3.23/5 |
Score | ||
Trustpilot |
4.3/5 79 users |
4.5/5 7133 users |
πΌ Regulation | ||
β Info | ||
β Established | 2010 | 2011 |
π² Min Deposit | $0 | $25 |
β Max Leverage | 1:500 | 1:500 |
π’ Spread | Variable | Variable |
πΈ Commissions | $3.50 | |
π‘ Min Position | 0.01 lot | 0.01 lot |
π³ Payment | Crypto, BPAY, Credit/debit cards, Ethereum, Neteller, PayPal, Skrill, Tether (USDT), Wire transfer and Perfect money | Crypto, Credit/debit cards, Neteller, Skrill, FasaPay, Bank transfer and Internal transfers |
π’ Office(s) |
𧩠Demo Account | ||
π Segregated Account | ||
π Islamic Account | ||
π¨βπ» PAMM Account | ||
π Managed Account |
π± Hedging | ||
πΊπΈ US traders | ||
π Swaps |
π Trading contests | ||
β‘ Automated trading | ||
π° Bonus offers | ||
π Free education |
1οΈβ£ One-click trading | ||
β± Trailing stop | ||
β³ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Commodities | ||
Stock | ||
Indices | ||
Etf | ||
Bonds | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
Silver | ||
Index | ||
Physical Stock |
π£ Website Languages | Arabic, Chinese, Czech, English, German, Greek, Indonesian, Italian, Malay, Polish, Portuguese, Spanish, Thai, Vietnamese | Bengali/Bangla, Chinese, English, German, Hindi, Indonesian, Malay, Portuguese, Spanish, Thai |
πͺ Trade Now | Open ThinkMarkets | Open Octa |
Compare Again
Testimonials
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ThinkMarkets: I've been trading there for the last six months. A...
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ThinkMarkets: Very high and frequent slippage at us30 and nas100, us30...
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ThinkMarkets: I've trade with Thinkmarkets for a year now. So far...
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ThinkMarkets: Thank you my friend recommend me ThinkMarkets. Their customer service...
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ThinkMarkets: No negative experience with Thinkmarkets. Funding process are easy, the...
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Octa: Smooth sailing
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Octa: Amazing experience overall
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Octa: I am frustated!!!!
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Octa: No complaint!
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Octa: Bad customer review
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See More ThinkMarkets Testimonials
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See More Octa Testimonials
News
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ThinkMarkets Expands Trading Options with NETH25 and SWI20 Indices
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ThinkMarkets Expands Trading Options with Spread Betting on ThinkTrader
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Octa Forex Broker's Ramadan Offers Bonus, Lower Spreads & Prizes!
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ThinkMarkets Now Licensed to Serve MENA Traders with DFSA Approval
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Unlock Prosperity: Join Octa's Lunar New Year Celebration for Indonesian Clients!
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ThinkMarkets Faces $4.28M Lawsuit: Must Return Client Funds
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Octa Claims Most Reliable Broker in Asia at Global Forex Awards 2023
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ThinkMarkets Introduces TradingView Integration on ThinkTrader
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ThinkMarkets Stumbles: FG Acquisition Corp. Withdraws IPO Prospectus
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See More Related ThinkMarkets News
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See More Related Octa News
Article
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Octa Recap in 2023: A Performance Review
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How to Deposit and Withdraw in ThinkMarkets
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How to Open Account in ThinkMarkets
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Join OctaFX Demo Contest, Win $1000 in Total
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10 Ways to Successful Trading from ThinkMarkets
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Unlock Special Benefits and Rewards Using Octa Status Program
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Increase Your Funds with OctaFX 50% Deposit Bonus
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OctaFX Trade and Win: Get Prize Lots to Claim Your Trading Rewards
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Forex Brokers in 2022: How OctaFX Performed
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See More Related ThinkMarkets Article
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See More Related Octa Article
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Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, ThinkMarkets provides their pricing with Variable spread while Octa offers Variable spread.
ThinkMarkets vs Octa: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, ThinkMarkets enables trading with MetaTrader 4, MetaTrader 5, ThinkTrader, Social trading, Web. The offer is supported with One-click trading, Pending orders. In comparison, Octa provides trading with MetaTrader 4, MetaTrader 5, Web, Social trading with the support of One-click trading, Trailing stop, Pending orders.
Is ThinkMarkets or Octa better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, ThinkMarkets supports trading with Forex, Gold & silver, Stock CFD, Indexes, Crypto, Oil, while Octa presents the ability of trading with Forex, Gold & silver, Indexes, Energies, Crypto, Oil.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
Looking for more references? Here are other comparisons related to ThinkMarkets and Octa:
- Compare ThinkMarkets vs easyMarkets
- Compare ThinkMarkets vs IC Markets
- Compare ThinkMarkets vs Tickmill
- Compare Octa vs FP Markets
- Compare Octa vs FXOpen
- Compare Octa vs Vantage Markets
For more comparisons, visit this page.