XM vs Octa for residents of Saudi Arabia

Saudi Arabia’s financial authorities are the Capital Market Authority (CMA) and the Saudi Central Bank (SAMA). Check the company that signs your agreement against their lists of licensed entities, and ask your bank and the broker which funding routes work for Saudi residents, because SAMA also sets rules on how banks handle transfers to foreign financial firms.

Side by side

Highlighted rows differ between the two brokers.

Differences that matter

• Inactivity fee: Octa lists none, while XM lists one or sources differ.
• Platforms: Octa adds copy trading.

What to check on each

• XM: Gulf clients are often placed with XM Global; complaints about cancelled profits and ‘linked accounts’.
• Octa: Gulf clients are typically served by the Comoros entity.

Before you choose

Ask the broker which company would hold your account, whether it has any contract with a licensed Saudi bank or exchanger, and which funding routes it supports for Saudi residents. Get the answers in writing before you transfer money. We have not checked whether either one accepts residents of Saudi Arabia.

All lists and comparisons for Saudi Arabia

CFDs and leveraged products carry a high risk of losing your money quickly. This page is information, not legal, financial or religious advice, and it is based on published sources up to October 2026. Rules and warning lists change: check the regulator’s own site before you deposit.

Sources: regulator websites for Saudi Arabia; our broker catalog, compiled from published reviews and regulator registers (October 2026).