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Octa fees and how they score

Cost is scored on what a trade actually costs all in, not on the headline spread. These are the figures behind Octa's cost score.

Facts last checked . Read the full Octa review.

What it costs to trade

Spread from
0.6 pips
EUR/USD spread
Approx. 0.9 pips
GBP/USD spread
Approx. 1.1 pips
Commission
$0
All-in cost, EUR/USD
Approx. 0.9 pips
Spread type
Variable
Overnight swap
Swap-free trading; administration fees may apply to qualifying positions/instruments
Withdrawal fee
None internally
Currency conversion
Conversion at applicable exchange rate

What this means

Cost is scored on what a trade actually costs all in, not on the headline spread.

Spreads from 0.6 pips suggest an all-in account, where the broker's fee is built into the price rather than charged separately. There is usually no commission on top, which makes the cost easier to predict.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

Octa lists a minimum deposit of $25. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Questions about Octa fees

What is the EUR/USD spread at Octa?

Octa records an average EUR/USD spread of approx. 0.9 pips on a variable pricing model.

Does Octa charge commission?

Octa's commission is $0. A commission account usually pairs with a tighter spread, so the two have to be read together.

What does Octa charge to hold a position overnight?

Overnight financing at Octa is recorded as swap-free trading; administration fees may apply to qualifying positions/instruments.

Fees at brokers under the same regulator

More about Octa