Vantage vs Octa Comparison
Weโve 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 Vantage vs Octa.
Can I trust Vantage?
Vantage is not publicly traded and does not operate a bank. Vantage is authorised by two Tier-1 regulators (highly trusted), one Tier-2 regulator (trusted), zero two Tier-3 regulators (average risk), and two Tier-4 regulators (high risk). Vantage is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).
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.
Is Vantage good?
Vantage rounds out its MetaTrader platform suite offering with support for multiple social trading platforms, content powered by Trading Central and a proprietary mobile app. However, Vantage trails industry leaders in key areas such as research and education.
Is Octa good?
Octa offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform.
What is the minimum deposit requirement for opening an account with Vantage?
To open a trading account with Vantage, you'll need to make an initial minimum deposit of $50.
What is the minimum deposit requirement for opening an account with Octa?
Octa requires a minimum deposit of $25 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. Vantage offers Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw) for banking, whereas Octa provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw).
Does Vantage or Octa 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 Vantage 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 Vantage or Octa 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 Vantage holds 2 global Tier-1 licenses, while Octa holds 1. Both Vantage and Octa hold 1 global Tier-2 licenses.
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 Vantage (90) earned a higher Trust Score than Octa (70).
Which trading platform is better: Vantage or Octa?
To compare the trading platforms of both Vantage and Octa, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Vantage offers a better experience. With research, Vantage offers superior market research. Finally, we found Vantage to provide better mobile trading apps.
Hereโs what trading platforms are available at Vantage:
- Proprietary Platform - Yes
- Web Platform - Yes
- cTrader - No
- DupliTrade - Yes
- MT4 - Yes
- MT5 - Yes
- ZuluTrade - Yes
- TradingView - Yes
Hereโs 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
What about MetaTrader? How about copy trading?
The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both Vantage and Octa offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. Vantage and Octa both offer copy trading.
What can I trade with each broker?
Vantage provides traders 57 currency pairs (e.g., EUR/USD) compared to Octa's 35 available pairs. If you are interested in trading CFDs, Vantage offers traders access to 1000 CFDs, while Octa offers access to 230 CFDs; so Vantage offers 770 more CFDs than Octa.
We found in our testing that Vantage offers a more diverse selection of investment options than Octa, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Cryptocurrency (Derivative), Social Trading / Copy Trading and Spread Betting. Neither have Int'l Stock Trading (Non CFD) and Cryptocurrency (Physical).
Overall winner: Vantage
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We review each brokerโs overall global offering โ a โYesโ 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.