Independent forex broker comparison·Data checked Trading is risky. Most retail CFD accounts lose money.
EUR/USD typical

Broker review · 2026

Octa review 2026

Commission-free, swap-free trading with a $25 minimum.

3.9/5

Ranked #20 of 20

Visit Octa

octafx.com

Octa (OctaFX) is a fast-growing broker in Asia, Africa and Latin America offering commission-free, swap-free accounts on MT4, MT5 and OctaTrader, with copy trading and a low minimum deposit.

Pros

  • No commissions and swap-free trading on all accounts
  • Low minimum deposit
  • Built-in copy trading
  • FSCA and CySEC licences

Cons

  • Smaller instrument range
  • Most global clients served by the MISA (Mwali) entity
  • Limited research

Octa overview

Octa was founded in 2011 and serves clients mainly in emerging markets. Its proposition is simple: commission-free, swap-free accounts with a low minimum deposit.

Is Octa safe and regulated?

Octa Markets Cyprus is regulated by CySEC and Octa Markets South Africa by the FSCA. Most international clients are served by an entity licensed by the Mwali International Services Authority (MISA), an offshore regulator.

CySECFSCAMISA

Tier-1 regulators are shown in bold. Always confirm the licence on the regulator’s own register.

Octa spreads and fees

EUR/USD averages around 0.9 pips with no commission and no swaps. No deposit or withdrawal fees on most methods.

AccountEUR/USD spreadCommission (round turn)Cost per lot
Standard0.9 pips$0$9.0

Trading platforms

MT4, MT5 and the proprietary OctaTrader platform and app, plus Octa Copytrading.

How Octa scores

Trust & regulation 30%
3.8
Fees & spreads 25%
4.3
Platforms & tools 15%
3.8
Markets & range 10%
3.0
Ease of use 10%
4.4
Research & education 10%
3.4

Verdict

Octa is a low-cost, swap-free option for traders in emerging markets; check which entity you are onboarded to.

Open an account with OctaYou will be taken to octafx.com.

Octa FAQ

Is Octa the same as OctaFX?

Yes. OctaFX rebranded to Octa.

Is Octa regulated?

Octa holds CySEC and FSCA licences; international clients are typically served by a MISA-licensed entity.

Does Octa charge swaps?

No. Octa offers swap-free trading on all accounts.

Is Octa good for beginners?

Yes. Octa scores 4.4/5 for ease of use in our testing, with a $25 minimum deposit.

Octa alternatives

Top-scoring brokers available in the same regions.

#BrokerScoreEUR/USDRaw / lotMin. dep.RegulatorsPlatformsLinks
01 IGTraders who want the biggest market range and top-tier safety 4.8 0.9pips n/a $0 FCAASICBaFin+5 MT4TradingView VisitReview
02 Interactive BrokersProfessional and multi-asset traders 4.7 n/a $5all-in $0 SECFINRACFTC+7 Own platform VisitReview
03 CMC MarketsForex variety and charting on a proprietary platform 4.7 0.7pips n/a $0 FCAASICCIRO+4 MT4TradingView VisitReview
04 SaxoWealthier traders who want a bank-grade multi-asset platform 4.6 0.8pips n/a $0 Danish FSAFCAASIC+4 TradingView VisitReview

Spreads are typical values during liquid hours and change constantly. Raw / lot = raw EUR/USD spread converted at $10 per pip plus round-turn commission. Data checked October 2026. How we score.

Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly. Between roughly 60% and 89% of retail investor accounts lose money when trading CFDs, depending on the provider. Consider whether you understand how they work and can afford to lose your money. Read the full risk warning.