Compare Octa Vs FP Markets: Which is the Better Forex Broker in 2024?
Octa Vs FP Markets, 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 Octa Vs FP Markets, here is the direct comparison:
Compare | Octa | FP Markets |
General Rating |
3.23/5 |
3.20/5 |
Score | ||
Trustpilot |
4.5/5 7133 users |
4.8/5 6293 users |
πΌ Regulation | ||
β Info | ||
β Established | 2011 | 2005 |
π² Min Deposit | $25 | $100 |
β Max Leverage | 1:500 | 1:500 |
π’ Spread | Variable | Variable |
πΈ Commissions | $3 | |
π‘ Min Position | 0.01 lot | 0.01 lot |
π³ Payment | Crypto, Credit/debit cards, Neteller, Skrill, FasaPay, Bank transfer and Internal transfers | Apple Pay, Crypto, Credit/debit cards, Dash, Dragonpay, Ethereum, FasaPay, Google Pay, Litecoin, Local bank transfer, Neteller, Ripple, Skrill, Tether (USDT), USD Coin (USDC), Wire transfer, Zcash and Perfect Money |
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 | Bengali/Bangla, Chinese, English, German, Hindi, Indonesian, Malay, Portuguese, Spanish, Thai | Arabic, Chinese, English, French, Indonesian, Italian, Malay, Portuguese, Russian, Spanish, Vietnamese |
πͺ Trade Now | Open Octa | Open FP Markets |
Compare Again
Testimonials
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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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FP Markets: It's concerning me
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FP Markets: Impressive cost
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FP Markets: Very pleased!
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FP Markets: Total gem!
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FP Markets: Problem with withdrawal
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See More Octa Testimonials
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See More FP Markets Testimonials
News
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Malaysia Gets Early Access to Revamped Octa's Trading Platform
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FP Markets Awarded Best for Fees & Algorithmic Trading
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Octa Forex Broker's Ramadan Offers Bonus, Lower Spreads & Prizes!
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Unleash Your Earning Potential: Refer a Friend to FP Markets and Earn Up to $200!
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Unlock Prosperity: Join Octa's Lunar New Year Celebration for Indonesian Clients!
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Level Up Your Trades: FP Markets Forex Broker Partners with TradingView
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Octa Claims Most Reliable Broker in Asia at Global Forex Awards 2023
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Forex Broker FP Markets Expands to Africa with Kenya License
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FP Markets Crowns the Best Trading Tool in 2023 by FXScouts
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See More Related Octa News
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See More Related FP Markets News
Article
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Octa Recap in 2023: A Performance Review
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How to Verify Your Trading Account on FP Markets
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Join OctaFX Demo Contest, Win $1000 in Total
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XM Vs FP Markets for Commodity Trading
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Is Exness Standard Account Better than FP Markets?
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Comparing Pepperstone and FP Markets Trading App
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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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FP Markets Vs Pepperstone for Cryptocurrency Trading
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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, Octa provides their pricing with Variable spread while FP Markets offers Variable spread.
Octa vs FP Markets: 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, Octa enables trading with MetaTrader 4, MetaTrader 5, Web, Social trading. The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, FP Markets provides trading with MetaTrader 4, MetaTrader 5, TradingView, cTrader, Web with the support of One-click trading, Trailing stop, Pending orders.
Is Octa or FP Markets 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, Octa supports trading with Forex, Gold & silver, Indexes, Energies, Crypto, Oil, while FP Markets presents the ability of trading with Forex, Indexes, Metals, Crypto, ETFs, Stocks, Commodities, Gold & Silver, Bonds.
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 Octa and FP Markets:
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- Compare Octa vs Grand Capital
- Compare FP Markets vs Blaze Markets
- Compare FP Markets vs IC Markets
- Compare FP Markets vs easyMarkets
For more comparisons, visit this page.