Octa review

Regulated by

CySEC (372/18); Mauritius FSC (GB21027161); FSCA South Africa (FSP 51913); MISA Comoros (T2023320)

Regulator tier

Tier 1

Register entry

CySEC CIF Register, licence 372/18

Client money segregated

Yes

Held at

Regulated banking institutions

Negative balance protection

Yes

Compensation scheme

Investor Compensation Fund up to €20,000 for eligible CySEC clients; no statutory compensation scheme for international clients

Audited by

Independent external auditors

Not available to

European Union, United Kingdom, United States, Iran, Myanmar, North Korea, Philippines and other restricted jurisdictions for the international offering

A licence is the first thing a fake broker cannot produce, so it is the first thing to check.

Octa holds a tier-one authorisation from CySEC. That matters more than any headline spread: it determines your leverage cap, whether losses can exceed your deposit, and what happens to your money if the firm fails.

It also operates an offshore entity (FSC). Which one you are onboarded to depends on where you live, and the two carry very different protections - worth confirming before you deposit.

CySEC licences passport across the EU and follow the 1:30 retail leverage cap, with the Investor Compensation Fund covering eligible claims.

The FSCA licenses derivative providers in South Africa without a fixed retail leverage cap, so headline leverage is often higher than an FCA or ASIC entity may offer.

An FSC licence (Mauritius or Belize, depending on the entity) is an offshore authorisation with lighter reporting duties than a tier-one regulator.

Check the licence yourself: the CySEC register of investment firms, the Mauritius FSC register of licensees, the FSCA list of regulated entities.

Legal entity

Octa Markets Ltd

Company number

HY00623410

Headquarters

Limassol, Cyprus

Founded

2011

Publicly listed

No

Parent company

Independent

Employees

500+

Also trades as

Octa; OctaFX

Deposit methods

Bank cards, bank transfer, e-wallets, cryptocurrency and regional payment methods

Withdrawal methods

Bank transfer, cards, e-wallets, cryptocurrency and supported local methods

Deposit time

Most electronic methods instant; bank transfers can take several business days

Withdrawal time

Typically processed within 1-3 hours; settlement varies by method

Minimum withdrawal

$5

Local payment methods

Extensive country-specific bank transfers, e-wallets and regional payment systems

Spread from

0.6 pips

EUR/USD spread

Approx. 0.9 pips

GBP/USD spread

Approx. 1.1 pips

Commission

$0

All-in cost, EUR/USD

Approx. 0.9 pips

Spread type

Variable

Overnight swap

Swap-free trading; administration fees may apply to qualifying positions/instruments

Withdrawal fee

None internally

Currency conversion

Conversion at applicable exchange rate

Costs matter less than whether you can withdraw, but an offer that looks impossible usually is.

Spreads from 0.6 pips suggest an all-in account, where the broker's fee is built into the price rather than charged separately. There is usually no commission on top, which makes the cost easier to predict.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

Octa lists a minimum deposit of $25. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Minimum deposit

$25

Account types

OctaTrader, MetaTrader 5, Islamic/Swap-Free, Demo

Account currencies

USD, EUR

Islamic account

Yes

Demo account

Yes

Professional account

No dedicated retail professional account

Minimum trade size

0.01 lots

Time to open

Typically a few minutes

Markets

Forex, Stocks, Indices, Commodities, Metals, Cryptocurrencies

Currency pairs

35+

Total instruments

300+

Crypto CFDs

Yes

Maximum leverage

1:1000

Execution model

Market maker / STP hybrid

Execution speed

Under 100ms

Order types

Market, limit, stop, stop-loss, take-profit, trailing stop

Servers

Global financial data-centre infrastructure

Leverage up to 1:1000 is available on this entity. High leverage does not increase your expected return - it increases position size for the same deposit, and shortens the move needed to close you out.

Octa covers forex, stocks, indices, commodities, metals, cryptocurrencies. A wider range matters less than depth in the instruments you actually trade.

Funding options: bank cards, bank transfer, e-wallets, cryptocurrency and regional payment methods. Check withdrawal routes as well as deposit ones - they are often not the same, and the difference only becomes apparent when you try to take money out.

Platforms

OctaTrader, MetaTrader 5, Octa mobile app

Own platform

Yes, OctaTrader

Mobile app

Both proprietary and third-party

Browser trading

Yes

Automated trading

Yes, through MetaTrader 5 Expert Advisors

Copy trading

Yes, Octa Copy

Indicators

30+ proprietary/platform indicators; 38+ MT5 indicators plus custom indicators

Third-party tools

MetaTrader 5

API access

No standard retail API

MetaTrader 5 handles more asset classes and order types than MT4, but expert advisors are not compatible between the two - an MT4 EA will not run on it.

Support hours

24/7

Contact channels

Live chat, email, Help Centre

Languages

Multilingual

Telephone

N/A

Email

support@octabroker.com

Live chat response

Typically under 2 minutes

Education

Extensive: webinars, trading courses, articles, platform tutorials, videos and forex education

Research

Market news, technical/fundamental analysis, trading ideas, calculators and market insights