FXTM offers the core MT4/MT5 trading platforms and upgrades MT4 with its Pivot Points Strategy plugin, featuring technical analysis using five methods and eight timeframes. Algorithmic traders and scalpers benefit from an average execution speed of 0.072 seconds with an average price improvement of 0.29 pips or $2.90 per lot. Beginners get quality education and actionable trading signals.
Octa shines with its growing copy trading community, driven by its proprietary copy trading service and user-friendly mobile app. Octa also offers the OctaTrader platform with its unique Space feature. Octa upgrades the out-of-the-box MT4/MT5 trading platforms with Autochartist and relies on generous, withdrawable bonuses, with $15M+ paid out to traders.
We have conducted an in-depth review of FXTM and Octa to determine which presents the better overall choice and which traders will benefit the most at either broker.
- Features and Platforms
- Available Markets
- Typical Spreads and Fees
- Account Types
- Minimum Deposit
- Minimum Withdrawal
- Security and Trust
- Octa versus FXTM - Verdict
 |  | |
Headquarters | Mauritius | Comoros |
Regulators | CMA, FCA, FSC Mauritius, FSCA | CySEC, FSCA, MWALI International Services Authority |
Tier 1 Regulator(s)? | N/A | |
Owned by Public Company? | ||
Year Established | 2011 | 2011 |
Execution Type(s) | ECN/STP, Market Maker | Market Maker |
Minimum Deposit | $200 | $25 |
Negative Balance Protection | N/A | |
Trading Platform(s) | MetaTrader 4, MetaTrader 5, Proprietary platform | MetaTrader 4, MetaTrader 5, Proprietary platform |
Average Trading Cost EUR/USD | 0.1 pips | 0.9 pips |
Average Trading Cost GBP/USD | 0.2 pips | 1.3 pips |
Average Trading Cost WTI Crude Oil | $0.09 | $0.07 |
Average Trading Cost Gold | $0.18 | $0.30 |
Retail Loss Rate | 77.00% | 67.65% |
Minimum Raw Spreads | 0.0 Pips | Not applicable |
Minimum Standard Spreads | 1.5 pips | 0.6 pips |
Minimum Commission for Forex | $0.80 - $4.00 per round lot | Commission-free |
Islamic Account | ||
Signals | ||
US Persons Accepted? | ||
Managed Accounts | ||
| Visit Website | Visit Website |
Features and Platforms
| | |
MT4 | ||
MT5 | ||
MT4/MT5 Add-Ons | ||
cTrader | ||
Proprietary Platform | ||
Automated Trading | ||
Social/Copy Trading | ||
DOM? | ||
Guaranteed Stop Loss | ||
Scalping | ||
Hedging | ||
One-Click Trading | ||
OCO Orders | ||
Interest on Margin | ||
| Visit Website | Visit Website |
Noteworthy:
Traders must deposit $200 at FXTM for ultra-competitive trading costs. Octa maintains a status program, rewarding high-volume traders with lucrative giveaways, and both have high-paying partnership programs.
Available Markets
| | |
Currency Pairs | ||
Cryptocurrencies | ||
Commodities | ||
Crude Oil | ||
Gold | ||
Metals | ||
Equity Indices | ||
Stocks (non-CFDs) | ||
Bonds | ||
ETFs | ||
Options | ||
Futures | ||
Synthetics | ||
| Visit Website | Visit Website |
The asset selection at FXTM exceeds 1,000 trading instruments, focused on Forex and equities. While it excludes cryptocurrencies, equity traders get CFDs, direct share investments, and in-house constructed thematic stock baskets for long-term investors. Octa focuses on highly liquid assets, including 30+ cryptocurrency pairs, but maintains a limited overall choice of trading instruments.
Typical Spreads and Fees
| | |
Average Trading Cost EUR/USD | 0.1 pips | 0.9 pips |
Average Trading Cost GBP/USD | 0.2 pips | 1.3 pips |
Average Trading Cost WTI Crude Oil | $0.09 | $0.07 |
Average Trading Cost Gold | $0.18 | $0.30 |
Average Trading Cost Bitcoin | N/A | $11 |
Minimum Raw Spreads | 0.0 Pips | Not applicable |
Minimum Standard Spreads | 1.5 pips | 0.6 pips |
Minimum Commission for Forex | $0.80 - $4.00 per round lot | Commission-free |
Deposit Fee | ||
Withdrawal Fee | ||
Inactivity Fee | $5 monthly after 6 months | No |
| Visit Website | Visit Website |
FXTM fees rank among the cheapest industry-wide, especially in its FXTM Advantage account, where traders get raw spread from 0.0 pips for commissions between $0.80 and $4.00 per 1.0 standard lot. Octa fees feature commission-free trading with minimum costs of 0.6 pips or $6.00 per lot, plus a volume-based rebate program.
Account Types
| Account Types | FXTM | Octa |
| Commission-free Accounts: | ||
Commission-based Accounts: | ||
Demo Accounts: | ||
Islamic Accounts: | ||
Social / Copy Trading: | ||
Managed Accounts: |
Minimum Deposit
| Account Types | FXTM | Octa |
| Minimum Deposit: | $200 | $25 |
Deposit Fees: | Third-Party | Third-Party |
E-wallets: | ||
Cryptocurrencies: | ||
Localized Methods: | ||
Total Deposit Methods: | 18 | 5 |
Supported Deposit Currencies: | USD, EUR, GBP (15 total) | USD, EUR |
The FXTM minimum deposit is $200 for the FXTM Advantage account, which has ultra-cheap trading costs. Other brokers require minimum deposits above $20,000 for equal trading costs. The Octa minimum deposit requirement is $25, but Octa recommends $100. Each trader has different capital requirements, but effective trading requires more capital than the minimum deposit.
Minimum Withdrawal
| Typical Spreads & Fees | FXTM | Octa |
Minimum Withdrawal: | $1 | $5 |
Internal Withdrawal Fees: | €30 bank wires, €2 credit/debit cards | No |
Internal Processing Times: | 24 hours | 30 minutes to three hours |
Security and Trust
| | |
Country of the Regulator | Cyprus, Kenya, Mauritius, United Kingdom, South Africa | Cyprus, Comoros, South Africa |
Name of the Regulator | CMA, FCA, FSC Mauritius, FSCA | CySEC, FSCA, MWALI International Services Authority |
Regulatory License Number | 185/12, 777911, C113012295, 135, 46614 | 372/18, 51913, HY00623410 |
| Visit Website | Visit Website |
FXTM and Octa segregate client deposits from corporate funds, offer negative balance protection, and have spotless operational records. The former caters to most clients from its Mauritius-regulated subsidiary, and the latter its regulated entities in Cyprus, South Africa and Mwali.
Octa vs FXTM – Verdict
Octa
| Pros | Cons |
| Low minimum deposit and high leverage up to 1:1000 | Limited overall asset selection |
| Swap-free trading in the Octa MT5 account | |
| Competitive selection of cryptocurrencies | |
| Large trading community and proprietary copy trading service |
FXTM
| Pros | Cons |
| Excellent commission-based Forex pricing environment and transparency | No cryptocurrencies and a limited choice of commodities |
| Upgraded MT4/MT5 trading platforms plus proprietary mobile trading app | |
| Quality market research and educational content for beginner traders | |
A highly regulated broker with a tier-1 license |
Octa delivers to its core trader base, copy and cryptocurrency traders, a highly competitive commission-free trading environment. Its generous bonuses, volume-based giveaways, support for cryptocurrency deposits and withdrawals, and fast withdrawal processing make it a popular broker. FXTM takes the overall lead due to its ultra-low trading costs, a well-balanced asset selection, excellent price improvement mechanism, high-speed order execution, and quality trading tools supportive of all trading strategies.
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