Octa vs Forex4you Comparison
We’ve made it easy to compare the best forex brokers, side-by-side. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test. That same research and data powers our broker comparisons. Let's compare Octa vs Forex4you.
Can I trust Octa?
Octa is not publicly traded and does not operate a bank. OctaFX is authorised by one Tier-1 regulator (high trust), one Tier-2 regulator (average trust), zero Tier-3 regulators (low trust), and zero Tier-4 regulators (High Risk). Octa is authorised by the following Tier-1 regulators: Regulated in the European Union via the MiFID passporting system.
Can I trust Forex4you?
Forex4you is not a publicly traded company and does not operate a bank. Forex4you is authorised by zero Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk).
Is Octa good?
Octa offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform.
Is Forex4you good?
What is the minimum deposit requirement for opening an account with Octa?
To open a trading account with Octa, you'll need to make an initial minimum deposit of $25.
What is the minimum deposit requirement for opening an account with Forex4you?
Forex4you requires a minimum deposit of $0 before you can open an account and start trading.
What funding options does each broker offer?
It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. Both Octa and Forex4you offer Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw). Neither have PayPal (Deposit/Withdraw).
Does Octa or Forex4you offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that Octa offers better pricing overall for traders.
Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.
Is Octa or Forex4you safer for forex and CFDs trading?
At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that Octa holds 1 global Tier-1 licenses, while Forex4you holds 0. Octa holds 1 global Tier-2 licenses, while Forex4you holds 0.
After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that Octa (70) earned a higher Trust Score than Forex4you (61).
Which trading platform is better: Octa or Forex4you?
To compare the trading platforms of both Octa and Forex4you, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Octa offers a better experience. With research, Octa offers superior market research. Finally, we found Octa to provide better mobile trading apps.
Here’s what trading platforms are available at Octa:
- Proprietary Platform - Yes
- Web Platform - Yes
- cTrader - No
- DupliTrade - No
- MT4 - Yes
- MT5 - Yes
- ZuluTrade - No
- TradingView - No
Here’s what trading platforms are available at Forex4you:
- Proprietary Platform - Yes
- Web Platform - Yes
- cTrader - No
- DupliTrade - No
- MT4 - Yes
- MT5 - Yes
- ZuluTrade - No
- TradingView - No
What about MetaTrader? How about copy trading?
The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both Octa and Forex4you offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. Octa and Forex4you both offer copy trading.
What can I trade with each broker?
Forex4you provides traders 43 currency pairs (e.g., EUR/USD) compared to Octa's 35 available pairs. If you are interested in trading a full range of securities, Octa offers traders access to 230 tradeable symbols, while Forex4you offers access to 150 tradeable symbols; so Octa offers 80 more tradeable symbols than Forex4you.
We found in our testing that Octa offers a more diverse selection of investment options than Forex4you, allowing you to trade both brokers allow traders to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Cryptocurrency (Derivative) and Social Trading / Copy Trading. Neither have Int'l Stock Trading (Non CFD), Cryptocurrency (Physical) and Spread Betting.
Overall winner: Octa
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We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.