Compare XTB Vs Octa: Which is the Better Forex Broker in 2024?
XTB 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 XTB Vs Octa, here is the direct comparison:
Compare | XTB | Octa |
General Rating |
2.34/5 |
3.23/5 |
Score | ||
Trustpilot |
3.8/5 1019 users |
4.4/5 7074 users |
πΌ Regulation | ||
β Info | ||
β Established | 2002 | 2011 |
π² Min Deposit | $0 | $25 |
β Max Leverage | 1:30 | 1:500 |
π’ Spread | Variable | Variable |
πΈ Commissions | ||
π‘ Min Position | 0.01 lot | 0.01 lot |
π³ Payment | PayPal, Skrill, Wire transfer, Credit/debit cards and Neteller | 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 | ||
Stocks 1:5 | ||
Physical Stock |
π£ Website Languages | Arabic, German, English, Spanish, French, Hungarian, Italian, Portuguese, Slovenian, Turkish, Chinese | Bengali/Bangla, Chinese, English, German, Hindi, Indonesian, Malay, Portuguese, Spanish, Thai |
πͺ Trade Now | Open XTB | Open Octa |
Compare Again
Testimonials
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XTB: I have problem with withdrawal process. They keep coming up...
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XTB: Very good presentation as always and informative. Good, friendly and...
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XTB: The customer support helped me through the account opening process...
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XTB: Sessions on trading classes should be longer to have more...
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XTB: Poor execution, very high slippage. Platform freezing is very common.
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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 XTB Testimonials
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See More Octa Testimonials
News
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Polish Fintech Giant XTB Expands to Indonesia
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XTB UK Sees Client Boom: Active Users Up 90% in 2023
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Octa Forex Broker's Ramadan Offers Bonus, Lower Spreads & Prizes!
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XTB Launches Crypto ETNs amid Bitcoin ETF Demand Surge
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XTB Sets Sights on Β£400 Billion UK Market with Upcoming ISA Application
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XTB Forex Broker Boosts UK ETF Investments with New Auto-Invest Feature
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Unlock Prosperity: Join Octa's Lunar New Year Celebration for Indonesian Clients!
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Kathleen Brooks Joins XTB UK as Research Director, Boosting Financial Expertise
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XTB Forex Broker Introduces ETF Investment Plans in UAE
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See More Related XTB 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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Join OctaFX Demo Contest, Win $1000 in Total
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Unlock Special Benefits and Rewards Using OctaFX 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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OctaFX Deposit and Withdrawal: All You Need to Know
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OctaFX Trading App Review for Beginners
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Trading Crypto on OctaFX for Beginners
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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, XTB provides their pricing with Variable spread while Octa offers Variable spread.
XTB 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, XTB enables trading with MetaTrader 4, xStation. The offer is supported with 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 XTB 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, XTB supports trading with Forex, Gold & silver, CFD, Oil, Indexes, Agriculture, Soft commodities, Metals, Energies, 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 XTB and Octa:
- Compare XTB vs MTrading
- Compare XTB vs BDSwiss
- Compare XTB vs GOMarkets
- Compare Octa vs FP Markets
- Compare Octa vs Orbex
- Compare Octa vs Pepperstone
For more comparisons, visit this page.