XM vs Octa – Two Forex Giants, But Which One Wins?
Written by Akash Khanna
Edited by Samuel Black
Fact-checked by Lisa Khan
Last Updated – 13 June 2025
The XM vs Octa debate is a close one, but this detailed comparison lays it all out. XM vs Octa covers everything you need to know—spreads, platforms, education, regulation, bonuses, and more. XM is ideal for beginners with its low deposit, strong educational content, and multiple account types. Octa, on the other hand, offers tighter spreads, faster withdrawals, and a modern mobile app. Whether you’re after structure or speed, this guide helps you pick the broker that fits your trading style best – only from Brokersinforex.com
- Octa vs XM - Do We Have a Winner?
- Regulation & Trust – Who’s More Legit?
- Spreads & Fees – Who’s Cheaper to Trade With?
- Platforms & Trading Tools – Who’s More Trader-Friendly?
- How did we at BrokersinForex Comapre the Best Forex Broker Between XM & Octa?
- Deposits & Withdrawals – Who Gives You Your Money Faster?
- Education & Research – Who Helps You Trade Smarter?
- Bonuses & Promotions – Who’s More Generous?
- Multilingual & Regional Support – Who Gets You?
- Account Features: Side-by-Side Comparison of XM vs Octa
- XM vs Octa – Frequently Asked Questions (FAQs)
- Final Verdict – Which Broker Should You Use?
- Choose the Broker That Works for You
XM vs Octa - Do We Have a Winner?
So you’ve finally decided to take forex trading seriously. You’ve learned what a pip is, you’ve found out leverage isn’t some mystical potion—and now you’re staring at two names over and over again: XM and Octa.
Both are huge in Asia. Both look good on paper.
But the million-dollar (or thousand-dollar?) question is:
“Which forex broker is better—XM or Octa?”
Well, good news—you don’t need to deep dive through 15 tabs and 32 broker reviews. We’ve done the comparison for you.
And we’re doing it the way traders like you deserve: honest, clear, and not so dry it makes your MT4 chart look exciting.
Let’s settle the XM vs Octa debate once and for all.
Regulation & Trust | XM vs Octa - Who’s More Legit?
| Broker | Regulatory Authorities | Years in Operation |
|---|---|---|
| XM | ASIC, CySEC, IFSC | Since 2009 |
| Octa | CySEC, FSA | Since 2011 |
XM has a stronger regulatory profile, holding licenses from top-tier authorities like ASIC (Australia) and CySEC(Cyprus).
Octa is also regulated, but doesn’t carry as many heavyweight licenses.
That said, both brokers are widely used across Asia and have strong reputations. You’re not choosing between a knight and a scammer here—more like a samurai and a ninja.
Winner: XM (for the extra regulatory muscle)
Spreads & Fees | XM vs Octa - Who’s Cheaper?
| Broker | Typical Spread on EUR/USD | Commissions |
|---|---|---|
| XM | 1.6 pips (Standard) | None |
| Octa | 0.6 – 0.8 pips | None |
Octa is clearly designed with cost-conscious traders in mind. Their floating spreads are lower across the board—especially for major currency pairs. If you’re scalping or making frequent trades, the savings stack up.
XM has decent spreads on its Ultra Low account (as low as 0.6 pips), but that requires a higher minimum deposit. On standard accounts, spreads are wider.
Winner: Octa (especially for frequent traders and scalpers)
Platforms & Trading Tools – Who’s More Trader-Friendly?
| Broker | Platforms Supported | Additional Tools |
|---|---|---|
| XM | MT4, MT5 | VPS, Economic Calendar, Trade Ideas |
| Octa | MT4, MT5, Octa App | Copy Trading, Market Insight, Autochartist |
Both brokers support MetaTrader 4 and 5, so you’ll be covered whether you’re into classic setups or modern tools.
But Octa pulls ahead with its own mobile trading app—designed to be fast, smooth, and friendly for new users.
Also, Octa offers built-in copy trading, so if you’re not confident in your strategies yet, you can piggyback on someone else’s.
XM provides VPS hosting and more analytical tools for those wanting to go deeper.
Winner: Tie
Octa if you love mobile and automation
XM if you’re an analysis junkie
How did we at BrokersinForex Compare the Best Forex Broker Between XM & Octa?
At BrokersinForex.com – we employ a proprietary ranking method that’s backed by over 5 years of experience in conducting comprehensive broker analysis. We also take into account ver 300 ranking unique ranking criteria to provide you with the data that you need to compare between 2 of the most popular forex brokers in Asia – XM vs Octa.
When it comes to picking the top forex brokers for Asian traders, we don’t mess around. Our research team rolled up their sleeves, sifted through the fine print, and tested both platforms like it was exam week to compare between XM vs Octa. Here are some of the factors of what we actually looked for when comparing these two popular forex brokers:
✅ Regulated and Reliable
First things first—we only considered brokers that are officially licensed and play by the global rulebook. Transparency and trust matter, especially when your money’s on the line.
✅ Localised Customer Support
Trading can get technical, and when that happens, you want help that speaks your language. Literally. So we filtered for brokers who offer Bahasa Malaysia support during local business hours.
✅ Halal-Friendly Trading or Islamic Trading (Swap-Free Accounts)
We made sure every broker on our list offers Islamic accounts—so if you need to trade without overnight interest (riba), you’re covered.
✅ Local Currency Support Trading Accounts
No one likes surprise currency conversion fees. That’s why we gave points to brokers that let you use your local currency as your base currency.
✅ Deposit & Withdraw in Local Currency
We double-checked that you can move money in and out of your local currency – be it SGD, IDR or MYR—because unnecessary conversions are so last decade.
✅ Wallet-Friendly Fees
Tight spreads? Low commissions? Minimal hidden costs? Yes, yes, and yes. We crunched the numbers to make sure you’re not overpaying to trade.
✅ Account Variety & Strategy Flexibility
Some brokers only give you a one-size-fits-all setup. Not cool. We looked for those offering multiple account types and tools to suit both beginners and strategy-loving pros.
✅ Top-Tier Trading Platforms
A good platform should feel like second nature. We selected brokers that balance simplicity for newbies with the power features pros expect—from MetaTrader to mobile apps.
✅ Learn & Trade Smarter
Whether it’s sharp market analysis or solid educational videos, we prioritized brokers that help you grow—not just trade. Knowledge is power, and we want you fully armed.
Rest assured, we followed a thorough and battle-tested review and ranking system developed exclusively by us over at BrokersinForex.com to assess what each broker does best—and where they fall short.
Deposits & Withdrawals – Who Gives You Your Money Faster?
| Broker | Deposit Methods | Withdrawal Speed |
|---|---|---|
| XM | Bank transfer, card, e-wallets | 24–48 hours |
| Octa | Bank transfer, card, e-wallets | Within hours (in many cases) |
Both brokers support popular methods like credit/debit cards, Skrill, Neteller, and bank transfers.
But Octa is famous for super-fast withdrawals—often processed within a few hours. XM is reliable, but not known for speed.
Winner: Octa (nobody wants to wait days for their own money)
Education & Research – Who Helps You Trade Smarter?
| Broker | Webinars & Tutorials | Market Analysis |
|---|---|---|
| XM | Extensive video library, live webinars | Yes |
| Octa | Blog, YouTube videos, short guides | Yes |
XM’s educational content is top-tier—especially useful for beginners. Their free webinars, live training sessions, and tutorials give you a full-on forex university.
Octa focuses more on short guides and blog articles. Great if you prefer light reading, but it’s not as structured.
Winner: XM (like the schoolteacher you wish you had—strict but helpful)
Bonuses & Promotions | XM vs Octa - Who’s Generous?
| Broker | No-Deposit Bonus | Deposit Bonus | Other Promos |
|---|---|---|---|
| XM | $30 | Yes (up to $5000) | Loyalty points |
| Octa | No | 50% bonus | Trading contests |
XM offers a no-deposit bonus—great if you want to try trading without risking your own funds.
Octa has exciting contests and a consistent 50% deposit bonus that appeals to more active traders.
This one’s subjective:
Want to try before you buy? → XM
Want extra firepower on deposits? → Octa
Winner: Tie (depends on your bonus taste buds)
Multilingual & Regional Support | XM vs Octa
Both XM and Octa are known for excellent regional support in Asia—offering multilingual websites, support teams familiar with local markets, and regional payment options.
XM often runs region-specific webinars and promotions.
Octa offers localized interfaces in languages like Bahasa Indonesia, Thai, Hindi, and more.
Both do well here, so you’re covered either way.
Winner: Tie
Account Features: Side-by-Side Comparison of XM vs Octa
| Feature | XM | Octa |
|---|---|---|
| Regulation | ASIC, CySEC, IFSC | CySEC, FSA |
| Min. Deposit | $5 | $25 |
| Spread (EUR/USD) | 1.6 pips (Standard) | 0.6 – 0.8 pips |
| Leverage | Up to 1:1000 | Up to 1:500 |
| Platforms | MT4, MT5 | MT4, MT5, Octa App |
| Copy Trading | No | Yes |
| No-Deposit Bonus | Yes ($30) | No |
| Education & Webinars | Extensive | Moderate |
| Withdrawal Speed | 24–48 hours | Within hours (usually) |
| Islamic Account Option | Yes | Yes (auto-enabled) |
| Mobile Experience | Good | Excellent |
XM vs Octa – Frequently Asked Questions (FAQs)
Q1: Is XM Better than Octa Overall?
A: That depends on what “better” means to you.
If you’re a complete beginner looking for low-risk entry, structured learning, and flexible account options, XM is likely your match.
If you’re more tech-savvy, prefer tighter spreads, fast withdrawals, and trading on the go, Octa is probably a better fit.
It’s not about which broker is universally better—it’s about which broker better matches your trading goals and personality. Some traders even use both for different strategies.
Q2: Which Broker is Safer—XM or Octa?
A: Both XM and Octa are considered safe and legitimate, but XM has more regulatory coverage, including ASIC (Australia), CySEC (Cyprus), and IFSC. That’s three regulators in three regions.
Octa, while also regulated by CySEC and FSA, doesn’t have quite the same level of global oversight.
In short: Both are trustworthy, but if regulation is your top priority (and you want that added peace of mind), XM wins by a hair.
Q3: Which Broker Has Better Spreads?
A: Octa generally offers lower floating spreads, especially on major pairs like EUR/USD and GBP/USD. This makes it ideal for:
Scalpers
Day traders
Anyone who places frequent trades
XM, on the other hand, offers competitive spreads only on its Ultra Low account type. You’ll need a higher deposit to access it.
So if you want low-cost trading right out of the gate, Octa has the edge.
Q4: Does Either Broker Offer Copy Trading?
A: Yes—but only Octa offers built-in copy trading.
Through the Octa CopyTrading platform, you can:
Browse top-performing traders
Follow their strategies
Automatically mirror their trades
It’s great for beginners who don’t want to spend hours analyzing charts.
XM doesn’t offer native copy trading, though you can connect third-party services (like Myfxbook AutoTrade or ZuluTrade) manually.
Q5: Can I Try Either Broker Without Depositing Money?
A: Yes—for XM.
XM offers a no-deposit bonus ($30), which lets you trade on a live account with real money—without funding it yourself.
This is ideal if you want to:
Test the live environment
Understand order execution
Build confidence without risking capital
Octa doesn’t currently offer a no-deposit bonus, though it does offer consistent 50% deposit bonuses and trading contests.
Q6: Who Has Faster Withdrawals—XM or Octa?
A: Octa wins this round.
Withdrawals from Octa are often processed within a few hours, especially via e-wallets or local bank methods.
XM is reliable and secure, but its withdrawal times are usually 24–48 hours, depending on the payment method and verification status.
So if quick access to your profits is a big deal for you (which it is for most of us), Octa delivers the goods faster.
Q7: Are Both Brokers Suitable for Islamic Traders?
A: Yes, both brokers offer swap-free Islamic accounts, meaning no overnight interest is charged—making them Shariah-compliant.
The difference?
With XM, you need to request a swap-free account.
With Octa, the swap-free feature is automatic based on your country of residence and account type.
So if you want a “no extra steps” experience, Octa makes it smoother.
Q8: Which Broker Is Better for Mobile Trading?
A: Octa, hands down.
While both brokers support MetaTrader’s mobile apps, Octa has its own custom-built mobile app that’s designed to be clean, beginner-friendly, and packed with features like:
Copy trading
In-app analysis
Deposit/withdrawal management
Custom push notifications
XM has a solid mobile experience via MT4/MT5, but it’s more traditional and less tailored for modern smartphone-first traders.
Q9: Does Either Broker Support Automated Trading?
A: Yes, both do.
XM supports Expert Advisors (EAs) on MT4 and MT5.
Octa also supports EAs and even offers copy trading automation via its in-house platform.
If you’re into running algorithms or setting up robots to trade while you nap, both brokers are ready. Just make sure your account type and server match your trading bot’s requirements.
Q10: Can I Open Multiple Accounts With the Same Broker?
A: Yes, with both.
XM lets you open up to 8 active accounts, so you can test different strategies or trade multiple instruments in parallel.
Octa also allows multiple account types (MT4 and MT5), including standard and copy trading accounts.
This is great for traders who want to experiment with strategies, test copy trading, or separate short-term trades from long-term ones.
Q11: Which Broker Is Better for Education and Learning?
A: XM is the clear winner here.
XM provides:
Free live webinars (often in local languages)
Video tutorials
Forex education for all levels
Live Q&A sessions with educators
Octa has a helpful blog, YouTube channel, and platform guides—but it’s more self-paced and less structured.
If you learn better with live coaching or structured content, XM is like your trading school. Octa is more of a self-service library.
Q12: Do Either of Them Offer Stock, Crypto, or Commodity Trading?
A: Yes, both brokers offer multi-asset trading, but with some differences.
| Asset Class | XM | Octa |
|---|---|---|
| Forex | ✅ | ✅ |
| Commodities | ✅ | ✅ |
| Indices | ✅ | ✅ |
| Stocks (Shares Account) | ✅ | ❌ |
| Crypto | ✅ | ✅ |
XM offers more stock CFD choices, especially on its Shares account.
Octa sticks to the core—forex, crypto, commodities, and indices.
So if you want to dip your toes into stock CFDs, XM offers broader exposure.
Final Verdict – So... Which Broker Should You Use?
Here’s the breakdown:
| Go With XM If You Want: |
|---|
| ✓ Lower entry barrier ($5 minimum deposit) |
| ✓ World-class educational content |
| ✓ Multiple account types and regulatory oversight |
| ✓ Webinars and beginner-friendly learning environment |
| ✓ Classic desktop-based trading experience |
| Go With Octa If You Want: |
|---|
| ✓ Tighter spreads and lower cost per trade |
| ✓ Lightning-fast withdrawals |
| ✓ Slick mobile app and copy trading integration |
| ✓ Clean, simple interface ideal for modern traders |
| ✓ Automatic Islamic account setup (swap-free) |
Choose the Broker That Works for You
XM and Octa are both top-tier brokers for Asian traders—but they serve slightly different personalities.
If you want to learn, grow, and trade at your own pace: XM is your trading coach.
If you want speed, low spreads, and smart automation: Octa is your trading assistant.
There’s no wrong choice—just the right broker for your goals and style.
So… which one are you opening first?
Written by BrokersinForex.com – your brutally honest, fluff-free guide to smarter trading decisions.