This profile is built from public sources. Each licence row below shows whether our team has checked it against the regulator's register yet. Always confirm on the register yourself before you deposit.
Octa, formerly OctaFX, is a retail broker with a large client base in Asia and Africa. It has a CySEC entity for Europe and a licensed entity in South Africa.
Serving you from: Octa Markets Ltd — Unregulated
Strengths
- Low minimum deposit and no deposit fees advertised
- CySEC and FSCA licensed entities in the group
- Built-in copy trading
Weaknesses
- Has appeared on regulator alert lists in some countries; check your local regulator
- Most clients are served by an offshore entity
- Limited product range
Best for: Small-account traders who have checked the broker's status with their own regulator.
Visit OctaOfficial site · we earn no commission here Compare
Key facts
- Founded
- 2011
- Headquarters
- Cyprus
- Publicly listed
- No
- Group regulators
- CySEC, FSCA
- Min. deposit
- $25
- Platforms
- MetaTrader 4, MetaTrader 5, Own platform
- Execution
- STP
- Copy trading
- Yes
- Islamic account
- Yes
- Demo account
- Yes
Regulation and legal entities
A broker brand is usually several companies. The one you open an account with decides your leverage limit, whether you have negative balance protection, and which compensation scheme, if any, covers you.
| Legal entity | Regulator | Licence no. | Max. leverage | Our check |
|---|---|---|---|---|
| Octa Markets Cyprus Ltd Cyprus · ICF up to €20,000 | CySEC Tier 2 | 372/18 | 1:30 | Not yet verified by us Open register |
| Orinoco Capital (Pty) Ltd South Africa | FSCA Tier 2 | 51913 | Varies | Not yet verified by us Open register |
| Octa Markets Ltd Comoros | Licence details are being verified | Varies |
Accounts and fees
Spreads we measured
We have not measured live spreads for this broker yet. Until we do, cost does not count towards its rating.
Platforms and execution
Octa offers MetaTrader 4, MetaTrader 5, Own platform. Execution model as described by the broker: STP.
Deposits and withdrawals
We have not run our own deposit and withdrawal test with this broker yet. When we do, the log appears here with dates and times.
Country availability
Pick your country at the top of the page to see which Octa entity would serve you.
Not accepted, according to the broker: United States.
Alternatives with a shared regulator
| Broker | Trust Score | Your entity & regulator | Min. deposit | Platforms | |
|---|---|---|---|---|---|
| FOREX.com Since 2001 · NASDAQ: SNEX (parent) | 62/99 | CIMA #25033 GAIN Global Markets Inc. | $100 | Own platform, MetaTrader 4, MetaTrader 5, TradingView | Review Visit FOREX.comOfficial site · we earn no commission here |
| Plus500 Since 2008 · LSE: PLUS | 62/99 | FSA Seychelles #SD039 Plus500SEY Ltd | $100 | Own platform | Review Visit Plus500Official site · we earn no commission here |
| eToro Since 2007 · NASDAQ: ETOR | 56/99 | FSA Seychelles #SD076 eToro (Seychelles) Ltd | $50 | Own platform | Review Visit eToroOfficial site · we earn no commission here |
Trust Score and regulator are shown for the legal entity that serves your country. Change country at the top of the page.
Frequently asked questions
Is Octa regulated?
Octa operates through 3 legal entities in our database, holding licences or registrations with: CySEC, FSCA. Which entity you sign up with depends on where you live, and so does the protection you get. Check the licence number on the regulator's own register before you deposit.
What is the minimum deposit at Octa?
Octa advertises a minimum first deposit of $25 on its entry-level account. The amount can differ by entity, account type and payment method.
Which trading platforms does Octa offer?
Octa offers: MetaTrader 4, MetaTrader 5, Own platform. Platform availability can vary between its entities.
Is Octa a safe broker?
No broker is risk-free. Our Global Trust Score for Octa is 16 out of 99. The score reflects the regulator tier of the entity that serves you, the group's other licences, company structure and track record. It says nothing about whether trading will be profitable for you.