HFM vs Octa
Trying to choose between HFM and Octa for your trading? This broker comparison between HFM and Octa reviews regulation and safety, trading costs and conditions, platforms, available markets, funding and withdrawals, and other essentials to help you decide.
Who is HFM?
HFM is a globally recognised multi-asset forex and CFD broker established in 2010. The broker stands out for its competitive spreads, multiple account types, and a secure trading environment backed by strong international regulation. HFM offers access to a wide range of markets on multiple trading platforms. The official website is www.hfm.com.
The minimum deposit to start trading with HFM is $0.
Who is Octa?
Octa is an international forex and CFD broker established in 2011, offering services in over 180 countries. The broker is popular for its user-friendly platforms, charging no swaps, and overall low-cost trading. All under one standard account suited for all kinds of traders. The official website is www.octafx.com and octaeu.com (in EEA).
The minimum deposit required to start trading with Octa is $25.
HFM vs Octa Side-by-Side Comparison
HFM, founded in 2010, is a multi‑jurisdiction broker authorized by the FSCA (South Africa), FSA (Seychelles), FSC (Mauritius), CMA (Kenya), CySEC (Cyprus), FCA (United Kingdom) and DFSA (Dubai, UAE). The broker maintains local offices in several locations, which include Kingstown and Larnaca. Traders can access the markets through various trading platforms, including MT4, MT5 and HFM App.
The minimum deposit to open an account with HFM is $0, and accounts can be opened in USD, NGN, INR, KES, TBH, JPY, ZAR, SGD and PHP base currencies. Further, the company operates using a hybrid model (A+B Book). Funding options include credit and debit cards, bank wire transfers, e-wallets (Skrill, Neteller, Perfect Money, Fasapay), crypto and mobile money.
In comparison, Octa launched in 2011 and is supervised by the CySEC (Cyprus), FSCA (South Africa), FSC (Mauritius) and MISA (Comoros Union). The firm maintains a local presence in Limassol. The trading platforms offered by Octa include MT4, MT5 and OctaTrader.
Further, Octa requires a $25 minimum deposit, while the base account currency is USD. The broker operates using a hybrid model (A+B Book), and clients can fund or withdraw using credit/debit cards, bank transfers, crypto and e-wallets (Neteller, Skrill).
HFM vs Octa Market Instruments
HFM offers 500+ market instruments, which include CFDs on forex, indices, commodities, stocks, etfs, crypto and bonds. This selection of instruments contains 50+ forex pairs, 89 stocks, 20+ indices, 10+ commodities, and 10 crypto assets.
Octa, on the other hand, provides traders with 300+ instruments, offering CFDs on forex, stocks, indices, commodities and cryptocurrencies. Its collection of market products features 35 forex pairs, 250 stocks, 10 indices, 5 commodities, and 34 crypto pairs.
HFM vs Octa Account Types
HFM vs Octa Spreads Comparison
This overview compares minimum and average spreads on standard accounts for HFM and Octa. Spreads are dynamic and can change with market volatility, liquidity, and account type. Therefore, it is best to verify the latest figures on each broker’s website.
Minimum spreads: On forex pairs, HFM quotes EUR/USD at 1.4 pips and Octa at 0.7 pips. For GBP/USD, HFM shows a minimum spread of 1.6 pips versus Octa’s 1.0 pips. USD/CAD comes in at 1.9 pips at HFM compared to 1.4 pips at Octa, while CAD/JPY is 2.2 pips at HFM and 1.4 pips at Octa.
For non-forex instruments, HFM offers XAU/USD (Gold) with a minimum spread of $0.25 against Octa’s $0.22, WTI Crude Oil at $0.03 versus $0.07, and Bitcoin at $18 compared with $25.
Average spreads: Octa publishes averages of 1.0 pips for EUR/USD, 1.1 pips on GBP/USD, and $0.30 on XAU/USD (Gold). HFM does not provide data about the average spreads.
HFM vs Octa Minimum Spreads Comparison
HFM vs Octa Average Spreads Comparison
Costs on Raw/Zero Spread Account
For costs on raw/zero spread accounts, HFM shows a minimum spread of 0.0 pips and a commission per side per lot of $3.0. Octa does not offer raw/zero spread accounts.
These figures illustrate how ultra-low spreads are paired with commissions to shape overall pricing on raw or zero spread accounts. Because spreads vary with market volatility and liquidity, always check each broker’s website for the most current information.
Other Features
HFM vs Octa: Wrapping Up the Comparison
HFM and Octa are established global brokers, founded in 2010 and 2011 respectively. HFM operates under the regulation of the FSCA (South Africa), FSA (Seychelles), FSC (Mauritius), CMA (Kenya), CySEC (Cyprus), FCA (United Kingdom) and DFSA (Dubai, UAE). On the other hand, Octa has regulations from the CySEC (Cyprus), FSCA (South Africa), FSC (Mauritius) and MISA (Comoros Union).
HFM sets a lower minimum deposit of $0, compared with $25 at Octa. Both brokers include a Standard account, provide a demo environment, and offer a swap-free (Islamic) option. HFM also includes a Zero Spread account, while Octa does not provide this option. HFM further extends its lineup with additional choices such as Cent, Pro and Pro Plus, whereas Octa does not provide other account types beyond the Standard format.
Platform support is broad on both sides. HFM supports MT4, MT5 and HFM App and Octa provides MT4, MT5 and OctaTrader. Both brokers support copy trading. In terms of market breadth, HFM lists 500+ instruments, while Octa offers 300+ products. On pricing, HFM’s minimum EUR/USD spread starts from 1.4 pips, whereas Octa’s minimum begins at 0.7 pips.
In short, HFM suits traders who want a wider range of account types, a broader instrument selection, and the option to open an account without any required minimum deposit, while Octa appeals to those prioritizing tighter minimum spreads already on the Standard account.
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