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Trading CFDs carries a high risk of losing money rapidly. Confirm this broker's current loss-rate disclosure and regulated entity before opening an account. Read the full risk disclosure.
Last updated: ·Reviewed by BrokaBoy Research Team
Figures checked: 4 October 2026
Octa
Low-cost forex and CFD broker with copy trading and a proprietary app
Overview
Octa (formerly OctaFX) is an international retail broker founded in 2011, popular in Asia, Africa and Latin America for low entry requirements, commission-free accounts and built-in copy trading. It offers MetaTrader 4, MetaTrader 5 and its own OctaTrader platform. European clients are served by the CySEC-regulated entity with EU protections, while clients elsewhere are typically onboarded under offshore entities where leverage is higher but safeguards are weaker.
Octa supports Forex, Metals, Indices, Energies, Crypto CFDs, Stocks across 4 platforms, and offers OctaTrader, MT4, MT5, Demo, Islamic (swap-free) accounts to cover most trader profiles. Regulation is held with CySEC, FSCA.
With spreads starting from 0.6 pips and leverage up to Up to 1:1000 (entity dependent), it's positioned for traders getting started who value octa and octafx.
Pros & Cons
- Low $25 minimum deposit suits new traders
- Commission-free pricing on standard accounts
- Built-in copy trading via Octa Copy
- Regular deposit bonuses and promotions on offshore entities
- EU protections apply only on the CySEC entity
- High leverage on offshore entities magnifies losses
- No tier-1 FCA or ASIC licence
- Instrument range is smaller than multi-asset brokers
Platforms & tools
Regulation & safety
Fees breakdown
Illustrative summary - confirm current pricing on Octa's own website.
Variable, floating spreads on all accounts
No commission; costs built into the spread
Overnight swaps apply; swap-free (Islamic) accounts available
No broker-side withdrawal fee on most methods; payment providers may charge
Opening an account with Octa
- 1Sign up with email or a social account on the Octa site or app
- 2Verify identity and proof of address
- 3Choose platform (OctaTrader, MT4 or MT5) and base currency
- 4Fund the account and practise on a demo first
FAQ
What is the minimum deposit at Octa?+
Octa lists a minimum deposit of $25 to open a live trading account. Confirm the current amount on the broker's website, as it can vary by account type and region.
Is Octa regulated?+
Octa holds licences with CySEC, FSCA. The protections you get depend on the regulator and entity you sign up with - see each regulator's page on BrokaBoy for details.
What is the maximum leverage at Octa?+
Octa advertises maximum leverage of Up to 1:1000 (entity dependent), depending on the instrument and your jurisdiction. Retail leverage may be lower under local regulation.
What are Octa's spreads and fees?+
Octa advertises spreads from 0.6 pips. No commission; costs built into the spread Overnight swaps apply; swap-free (Islamic) accounts available
Which trading platforms does Octa support?+
Octa supports MT4, MT5, OctaTrader, Octa Copy across OctaTrader, MT4, MT5, Demo, Islamic (swap-free) account types.
How do I open an account with Octa?+
Sign up with email or a social account on the Octa site or app Verify identity and proof of address Choose platform (OctaTrader, MT4 or MT5) and base currency Fund the account and practise on a demo first
User reviews
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Confirm the current account terms and pricing on the broker's website.
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