Octa Information

Founded in 2011, Octa a regulated broker registered in Cyprus, offering trading in currrency pairs, gold/silver, commodities, indices, and cryptos on OctaTrader, Web platform, and Android platforms.

Pros and Cons

Is Octa Legit?

Yes. Octa is currently regulated by Cyprus Securities and Exchange Commission (CySEC).

Regulated Country	Regulated by	Regulated Entity	License Type	License Number
	CySEC	Octa Markets Cyprus Ltd	Market Making (MM)	372/18

What Can I Trade on Octa?

Octa offers trading in currrency pairs, gold/silver, commodities, indices, and cryptos.

Leverage

The maximum leverage vary on the asset class. Detailed info can be found in the table below:

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spread and Commission

Octa offers commission-free trading and the EUR/USD spread is floating around 1.1 pips. If you are interested in spreads on other trading instruments, you can visit https://www.octaeu.com/spreads/

Trading Platform

Octa has a built-in proprietary trading platform - OctaTrader available on the Web, Desktop, and Android versions.

Deposit and Withdrawal

Octa supports very limited payment options, only Swissquote, BluOr Bank, and RIETUMU.

The minimum deposit or withdrawal amount are both 50 EUR.

All deposits and withdrawals are free of charge, and can be processed within 3-7 business days.

Customer Support Options

Octa provides email instead of phone or live chat contact, which will result in traders being unable to deal with emergencies on time. You can also follow them on some social platforms, such as Facebook, Twitter, and Instagram.

Olymptrade Information

Olymptrade is an online trader registered and established in Vanutu in 2014. It supports traders in trading forex and stocks through its own trading platform. In addition, it also supports a minimum spread of 0 and 0 commission. But currently, it is in an unregulated state.

Pros and Cons

Is Olymptrade Legit?

Olymptrade was registered in 2014, but it is currently unregulated.

What Can I Trade on Olymptrade?

Olymptrade supports you in trading forex, with over 100 assets including currency pairs,majors, minors, exotics,crypto and more. In addition, you can also trade stocks.

Account Types

Olymptrade did not provide specific account information. What can be known is that the minimum deposit amount is 10 US dollars or euros. It also supports the opening of demo accounts and Islamic accounts.

Olymprade Fees

Foreign exchange trading supports 0 spread, with commissions starting from 0.6 pips. And there is no commission for opening a stock position for trading.

If no transactions are made in a real account and/or funds are not deposited or withdrawn within 180 days, a monthly idle fee of $10 (or the equivalent account currency) will be charged.

If the account balance is lower than the idle fee, only the available balance will be charged. Accounts with a balance of zero will not be charged any fees.

Trading Platform

Olymprade offers its own trading platform, which can be used on both desktop and mobile devices. In addition, there is a web-based trading platform called PWA.

Deposit and Withdrawal

Deposits can be made using bank cards, cryptocurrencies or electronic payment systems. To withdraw money, you need to press the payment button through your account, select withdrawal, specify the withdrawal amount and confirm the transaction. The minimum withdrawal amount is 10 US dollars or euros.