One of the open problems in black hole physics is testing spacetime around black holes through astrophysical observations in the strong field regime. In fact, black holes cannot produce radiation themselves in the electromagnetic spectrum. However, a black hole’s gravity plays an important role in the production of the radiation of the accretion disc around it. One may obtain valuable information from the electromagnetic radiation of accretion discs about the gravitational properties of the spacetime around black holes. In this work, we study particle dynamics in the spacetime of quasi- and non-Schwarzschild black holes. We compare the gravitational effects of the spacetime deformation parameters of both black hole solutions on the innermost stable circular orbit (ISCO) radius, position, energy, and angular momentum of test particles at the ISCO, together with the energy efficiency of the accretion disc in the thin Novikov–Thorn model. Furthermore, we study the frequencies of particle oscillations in the radial and angular directions along circular stable orbits around both deformed black holes. Furthermore, we investigate quasiperiodic oscillations around the black holes in the relativistic precession model. We show the dependence of the deviation parameters on the orbits of twin peak QPOs with the frequency ratio 3:2. In the obtained results, we compare the gravitational effects of deviation parameters with the spin of a rotating Kerr black hole. Finally, we obtain constraints on the values of the deviation parameter of the spacetime around the black hole at the center of the microquasars GRO J1655-40 and GRS 1915-105 and their mass, using the χ2 method.