Our Verdict
Octa has a higher rating of 3.8/5 compared to Deriv (3.7/5). The minimum deposit is lower at Deriv with 5 $. Deriv offers options trading, while the other does not. Deriv has been in the market since 1999, making it the more experienced provider.
Comparison Table
| Criteria | Deriv | Octa |
|---|---|---|
| Rating | 3.7/5 (1450 reviews) | 3.8/5 (1200 reviews)✓ |
| Regulation | MFSA | CySEC |
| Fees | from 0.5 pips Forex, synthetic indices commission-free | from 0.6 pips Forex, no commission |
| Min. Deposit | 5 $ | 25 $ |
| Instruments | CFDs, Forex, Synthetic Indices, Commodities, Crypto CFDs, Stocks CFDs | Forex, CFDs, Indices, Commodities, Crypto CFDs, Stocks CFDs |
| Platforms | Deriv Trader, Deriv MT5, Deriv X, Deriv Bot | MT4, MT5, OctaTrader |
| Options Trading | Yes, digital options on Deriv Trader | No |
| Founded | 1999 | 2011 |
| Headquarters | Malta | Limassol |
Detailed Comparison
Fee Comparison
Deriv: from 0.5 pips Forex, synthetic indices commission-free. Minimum deposit: 5 $.
Octa: from 0.6 pips Forex, no commission. Minimum deposit: 25 $.
Product Range
Deriv (6 categories)
Octa (6 categories)
Trading Platforms
Deriv
- Deriv Trader
- Deriv MT5
- Deriv X
- Deriv Bot
Octa
- MT4
- MT5
- OctaTrader
Regulation & Security
Deriv is regulated by MFSA (HQ: Malta).
Octa is regulated by CySEC (HQ: Limassol).
Who Is It For?
Deriv
Innovative CFD broker with synthetic indices and proprietary platform
✓ Over 25 years of experience (formerly Binary.com)
✓ Unique synthetic indices available 24/7
✓ Very low minimum deposit of just $5
✗ Synthetic indices carry special risks
✗ Not regulated by FCA or BaFin
Octa
CySEC-regulated Forex broker with copy trading and competitive conditions
✓ CySEC-regulated with EU deposit protection
✓ Commission-free trading
✓ Proprietary OctaTrader platform with copy trading
✗ Spreads wider than with ECN brokers
✗ Limited research and analysis tools
Frequently Asked Questions
Is Deriv or Octa cheaper?
Which broker offers more products: Deriv or Octa?
Which broker is better regulated?
Is Deriv or Octa better for beginners?
Deriv vs Octa: Which broker is better overall?
Deriv
Innovative CFD broker with synthetic indices and proprietary platform
Open Account →From 5 $ min. deposit
Octa
CySEC-regulated Forex broker with copy trading and competitive conditions
Open Account →From 25 $ min. deposit