Other Trading Platforms
Octa has good platform options, including support for MT4, MT5, and OctaTrader. It also has one of the best copy-trading platforms in the industry.
OctaTrader
Octa offers its own trading platform, OctaTrader, which is integrated in the Octa trading app for a seamless trading experience. This means you don’t have to download separate apps or switch between apps while trading. Deposit, withdraw, manage accounts, trade, read market analysis—everything in one app.
The platform also adopted a charting technology by TradingView. The app features Space, an exclusive feed by Octa with technical and fundamental market analysis, trend directions, market news, economic calendar, and more from Octa analysts. Space is freely available to all Octa traders.
MT4 and MT5
The main benefit of using third-party platforms such as MT4 and MT5 is that traders can keep their own customised versions of the platforms should they choose to migrate to another broker. Both MT4 and MT5 are available for Windows, Android, iOS, and web browser.
Overall, Octa’s platform support is about average when compared to other brokers. Additionally, MT4 and MT5 are generally more difficult to set up and are less user-friendly than the web-based platforms available at some other brokers.
Octa Copy-trading
Octa also offers a copy trading platform free for all accounts, allowing beginners to copy the trades of more experienced, successful traders for a small fee per traded lot. Beginners simply find the Strategy Providers they want to follow and click “Copy.” Their positions will be copied automatically. The copy trading service is also user-friendly and well-designed. This function is also available through the mobile app.
The only downside to the copy-trading app is that it is only currently available on Android devices.