XM vs Octa
Unsure whether XM or Octa is the better fit? This is a broker comparison between XM and Octa, reviewing regulation and safety, pricing and spreads, platforms and tools, available market instruments, account types, and deposit/withdrawal methods, contrasted side by side to help you decide which aligns with your trading approach.
Who is XM?
XM began operations in 2009 under the Trading Point umbrella and has since grown into a globally recognised multi-asset broker offering forex and CFD trading. Focusing on accessible trading, competitive trading conditions, and client education, XM serves millions of clients across 190 countries. The official website of XM is www.xm.com.
The minimum deposit required to start trading with XM is $5.
Who is Octa?
Octa is a global online broker established in 2011 that offers trading in forex and CFDs via a number of trading platforms. The broker serves an international client base, provides education and copy-trading tools. Octa places a strong emphasis on simplicity, accessible platforms, and competitive spreads. The official website is www.octafx.com and octaeu.com (in EEA).
The minimum deposit required to start trading with Octa is $25.
XM vs Octa Side-by-Side Comparison
XM, founded in 2009, is licensed by the CySEC (Cyprus), FSC (Belize), FSA (Seychelles), DFSA (UAE) and FSC (Mauritius). The firm maintains local offices in a number of regions, including Limassol, Athens, Dubai and Cape Town. Further, XM operates as a B-Book (market maker) broker and supports various trading platforms, which include MT4, MT5 and XM App.
The minimum deposit accepted by XM is $5, with accounts available in USD, EUR, JPY, GBP, AUD, CHF, ZAR, HUF, SGD and PLN. Clients can fund their accounts through various methods, such as credit and debit cards, international wire transfers, local transfers and e-wallets (Skrill, Neteller, etc.).
In comparison, Octa, established in 2011, holds licenses from the CySEC (Cyprus), FSCA (South Africa), FSC (Mauritius) and MISA (Comoros Union) and operates local offices in Limassol. Octa uses a hybrid model (A+B Book) execution model and supports trading on MT4, MT5 and OctaTrader trading platforms.
Opening an account requires a minimum deposit of $25, and the base currency is USD. Clients can deposit via credit/debit cards, bank transfers, crypto and e-wallets (Neteller, Skrill).
XM vs Octa Market Instruments
XM offers its traders and deep collection of 1,400+ assets across various global markets. These include CFDs on forex, stocks, equity indices, themathic indices, commodities and cryptocurrencies. The lineup includes 40+ forex pairs, 1,000+ stocks, 20+ indices, 30+ commodities, and 10+ crypto pairs (not available in EEA).
Octa, by comparison, provides 300+ total instruments and covers CFDs on forex, stocks, indices, commodities and cryptocurrencies. The lineup includes 35 forex pairs, 250 stocks, 10 indices, 5 commodities, and 34 crypto pairs.
XM vs Octa Account Types
XM vs Octa Spreads Comparison
The figures below represent the minimum and average spreads on standard accounts for XM and Octa. Actual spreads can change with market volatility, liquidity, and account type, so it is wise to verify the latest details on each broker's website.
Minimum spreads: for EUR/USD, XM quotes and minimum spread of 1.6 pips while Octa posts 0.7 pips. For GBP/USD, XM is at 1.8 pips versus Octa at 1.0 pips. On USD/CAD the comparison is 2.3 pips for XM against 1.4 pips for Octa, and for CAD/JPY it is 3.4 pips versus 1.4 pips.
For XAU/USD (Gold), XM lists $0.3 compared with Octa at $0.22. On WTI Crude Oil, XM shows $0.03 and Octa shows $0.07. For Bitcoin, XM posts $60 against Octa at $25.
Average spreads: The average spread for EUR/USD comes in at 2.0 pips for XM and 1.0 pips for Octa. For GBP/USD, XM offers 2.4 pips compared with Octa at 1.1 pips. On XAU/USD (Gold), XM averages $0.45, while Octa averages $0.30.
XM vs Octa Minimum Spreads Comparison
XM vs Octa Average Spreads Comparison
Costs on Raw/Zero Spread Account
XM provides a Zero account (for EEA traders), featuring a minimum spread of 0.0 pips and a commission of $3.5 per side per lot. In contrast, Octa does not offer raw/zero spread accounts.
These figures illustrate that with raw pricing, most trading costs are concentrated in commissions, while brokers without a raw/zero option typically embedded costs into wider spreads. Since spreads can change with market conditions and liquidity, always verify the latest pricing on each broker's website.
Other Features
XM vs Octa: Wrapping Up the Comparison
XM and Octa are established global brokers, founded in 2009 and 2011. XM is regulated by the CySEC (Cyprus), FSC (Belize), FSA (Seychelles), DFSA (UAE) and FSC (Mauritius), while Octa operates under the supervision of the CySEC (Cyprus), FSCA (South Africa), FSC (Mauritius) and MISA (Comoros Union). Both brokers offer a variety of trading platforms for flexibility. XM offers MT4, MT5 and XM App while Octa provides MT4, MT5 and OctaTrader. Both brokers support copy trading through their own proprietary platforms. XM offers it via XM Copy, while Octa provides it through Octa Copy.
XM sets a lower minimum deposit of $5, compared with $25 at Octa. Both brokers provide Standard accounts, along with demo and Islamic (swap-free) options. XM also provides a Zero Spread account (in EEA) and additional account types such as Ultra Low and Shares. In contrast, Octa does not provide a Zero/Raw spread account and does not list further account types beyond its core offering.
For market coverage, XM provides 1,400+ instruments while Octa features 300+ products. On pricing, minimum EUR/USD spreads are 0.7 pips at Octa and 1.6 pips at XM, while average EUR/USD spreads are around 1.0 pips and 2.0 pips, respectively.
In short, XM suits traders seeking more instruments and account variety, while Octa can appeal to those prioritising generally tighter spreads.
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