Compare FxPro Vs Octa: Which is the Better Forex Broker in 2024?
FxPro 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 FxPro Vs Octa, here is the direct comparison:
Feature | FxPro | Octa |
General Rating |
3.14/5 |
3.23/5 |
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Score | 77 | 78 | |
Trustpilot |
3.9/5 131 users |
4.5/5 7133 users |
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💼 Regulation | |||
❗Info | |||
⌛ Established | 2006 | 2011 | |
💲 Min Deposit | $100 | $25 | |
⚖ Max Leverage | 1:10000 | 1:500 | |
🔢 Spread | Variable | Variable | |
💸 Commissions | |||
💡 Min Position | 0.01 lot | 0.01 lot |
💳 Payment | PayPal, Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, Crypto, Ethereum and Tether (USDT) | Crypto, Credit/debit cards, Neteller, Skrill, FasaPay, Bank transfer and Internal transfers | |
🏢 Office(s) |
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🧩 Demo Account | |||
📁 Segregated Account | |||
🕋 Islamic Account | |||
👨💻 PAMM Account | |||
📈 Managed Account | |||
LAMM Account | |||
MAM Account |
💱 Hedging | |||
🇺🇸 US traders | |||
📫 Requires sending documents via postal mail | |||
🕛 Swaps | |||
☎️ Trading by telephone |
🏆 Trading contests | |||
⚡ Automated trading | |||
💰 Bonus offers | |||
📖 Free education | |||
👔 Affiliate program |
1️⃣ One-click trading | |||
⏱ Trailing stop | |||
⏳ Pending orders |
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🗣 Website Languages | Arabic, Czech, German, English, Spanish, French, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Thai, Urdu, Vietnamese, Chinese | Bengali/Bangla, Chinese, English, German, Hindi, Indonesian, Malay, Portuguese, Spanish, Thai |
🚪 Trade Now | Open FxPro | Open Octa |
Testimonials
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FxPro: Demo account
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FxPro: FxPro is a top-notch broker
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FxPro: I've had a great experience with FxPro.
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FxPro: Broker that delivers
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FxPro: FxPro has been my broker of choice for forex trading.
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FxPro: Demo account
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FxPro: FxPro is a top-notch broker
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FxPro: I've had a great experience with FxPro.
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FxPro: Broker that delivers
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FxPro: FxPro has been my broker of choice for forex trading.
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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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FxPro: Demo account
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See More FxPro Testimonials
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See More Octa Testimonials
News
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Octa Forex Broker's Ramadan Offers Bonus, Lower Spreads & Prizes!
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Maximize Your Trading Rewards This Ramadan with FxPro's Special Offer
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Unlock Prosperity: Join Octa's Lunar New Year Celebration for Indonesian Clients!
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Octa Claims Most Reliable Broker in Asia at Global Forex Awards 2023
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FxPro UK Revenue Grows Despite Net Loss
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OctaFX Rebrands to Octa with Global Campaign
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Use a Special Code to Get OctaFX 100 Percent Deposit Bonus
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FxPro Establishes Presence in MENA with Dubai Office
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Join OctaFX Indonesia Livestream to Celebrate Financial Freedom Day
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FxPro Signs Sponsorship with MMA Athlete Aleksandr Chizov
Articles
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Octa Recap in 2023: A Performance Review
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Your Definitive Guide to FxPro Regulations
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How to Deposit on FxPro Broker
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Join OctaFX Demo Contest, Win $1000 in Total
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What is FxPro Trading Central?
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FxPro App: A Comprehensive Review for Traders
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FxPro Platform Comparison: What's the Difference?
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How to Verify Account in FxPro
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How to Open Account in FxPro
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Unlock Special Benefits and Rewards Using Octa Status Program
Promotions
Contests
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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, FxPro provides their pricing with Variable spread while Octa offers Variable spread.
FxPro 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, FxPro enables trading with MetaTrader 4, MetaTrader 5, FxPro Platform, cTrader. The offer is supported with One-click trading, Trailing stop, 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 FxPro 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, FxPro supports trading with Forex, Futures, Indexes, Metals, Energies, Crypto, Indices, 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 FxPro and Octa:
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For more comparisons, visit this page.