OctaFX General Information
| ๐ค Broker Name : | OctaFX |
|---|---|
| ๐ฃ Company Name : | Octa Markets Incorporated |
| ๐ Foundation Year : | 2011 |
| โ Regulated by : | FCA, IFSA, SVG |
| ๐ข Headquarters : | Islands |
| ๐ Broker Type : | ECN/NDD |
๐ต OctaFX Minimum Deposit : | 50 USD |
| ๐น Maximum Leverage : | 1:500 |
| ๐ฑ Base Currency : | EUR, USD |
| ๐บ๐ธ US Traders : |
Our OctaFX Review
OctaFX is a global forex broker that was founded in 2011. It is regulated by the FCA (Financial Conduct Authority) in the UK, the CySEC (Cyprus Securities and Exchange Commission), and the (IFSC) (International Financial Services Commission) in Belize.
Desktop Trading Platforms
Table of Contents
OctaFX offers two main desktop trading platforms: MT4 (MetaTrader 4) and MT5 (MetaTrader 5). MetaTrader 4 is the most popular forex trading platform in the world, and it is known for its ease of use and wide range of features. MetaTrader 5 is a newer platform that offers more advanced features, such as algorithmic trading and copy trading.
Mobile Trading Platform
OctaFX also offers a mobile trading platform that is available for iOS and Android devices. The mobile platform is a stripped-down version of the MetaTrader 4 platform, but it still offers all the essential features for trading on the go.
OctaFX Copytrading
OctaFX Copytrading is a social trading platform that allows you to copy the trades of other successful traders. This is a great way to learn from experienced traders and to make money without having to do all the research and analysis by yourself.
OctaFX Partner Program
OctaFX offers a partner program that allows you to earn money by referring new clients to the broker. There are two types of partner programs: the Introducing Broker (IB) program and the Master Trader (MT) program with attractive commissions and incentive.
Trading Instruments
OctaFX presents a wide range of tradable instruments, including forex, cryptocurrencies, commodities, indices, and stocks. The exact instruments that are available will vary depending on your account type and location. OctaFX offers 35 most volatile currency pairs with 1:500 leverage, 150 stock derivatives from 16 exchanges at 1:20 leverage, 10 key indices at 1:50, commodities like gold and silver at 1:200 and select oils at 1:100. Additionally, 30 prominent cryptocurrencies are available at 1:25 leverage.
Regulation
OctaFX is regulated by the FCA (Financial Conduct Authority) in the UK registration number: 609970, the CySEC (Cyprus Securities and Exchange Commission) registration number: 335/17, and the IFSC (International Financial Services Commission) license number: IFSC/60/324/TS/18 in Belize. This means that it is subject to strict financial regulations, which helps to protect your money.
OctaFX Minimum Deposit
The minimum deposit to open an account with OctaFX is $50. This is a very low minimum deposit, which makes it a good option for beginner traders.
Leverage
OctaFX offers a maximum leverage of 1:500 for retail traders and 1:2000 for professional traders. This means that you can control a larger position with a smaller amount of money. However, it is important to use leverage carefully, as it can amplify both your gains and your losses.
OctaFX Account Types
OctaFX offers four main account types: Standard, ECN, Raw Spreads, and Islamic. The Standard account is the most basic account type and offers variable spreads. The ECN account offers fixed spreads and lower commissions. The Raw Spreads account offers the lowest spreads, but it also has the highest commissions. The Islamic account is designed for Muslim traders and does not charge swap fees.
Fees and Commissions
OctaFX fees and commissions are very competitive. The spreads are typically very tight, and the commissions are also very low. There are no deposit and withdrawal fees.
Spreads
OctaFX spreads are typically very tight. The average spread for the EUR/USD pair is around 0.3 pips on the Standard account and 0.1 pips on the ECN account.
OctaFX Deposit and Withdrawal
OctaFX offers a variety of deposit and withdrawal options, including credit cards, debit cards, wire transfers, and e-wallets.
Customer Support
OctaFX’s customer support is available 24/7 by email, live chat, and phone. The customer support staff is knowledgeable and helpful.
OctaFX Pros and Cons
Pros:
- Regulated by FCA, CySEC, and IFSC
- Wide range of tradable instruments
- Competitive spreads and fees
- Variety of trading platforms
- Mobile trading platform
- Good customer support
Cons:
- Limited research tools
- No Islamic account
Bottom line
OctaFX is a reliable and trustworthy forex broker that offers a good selection of trading platforms and assets. It is a good choice for both beginner and experienced traders. However, it is important to do your own research before opening an account with any broker.
Trading Preference
| ๐ฐ Minimum Spreads : | |
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| ๐ฎ Demo Account : | |
| ๐ Mini Account : | |
| โจ VIP Account : | |
| ๐ Premium Account : | |
| ๐ Segregated Account : | |
| โช๏ธ Islamic Account : | |
| ๐ Managed Account : | |
| ๐ Pamm Account : | |
| ๐ Affiliate Account : |
Payment Options
| ๐ณ Deposit Methods : | Credit Card, Local Deposit, Moneybookers, Neteller, Skrill, Wire Transfer |
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| ๐ณ Withdrawal Methods : | Moneybookers, Neteller, Skrill, Wire Transfer |
Trading Features
| ๐ Trading Platforms : | cTrader, MetaTrader 4, MetaTrader 5 |
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| ๐ฐ Fixed Spreads : | |
| ๐ Commission on Trades : | |
| ๐ Hedging : | |
| ๐ Scalping : | |
| ๐ Automatic Trading : | |
| ๐ฑ Mobile Trading : | |
| ๐ป Web Trading : | |
| ๐ฅ Signals : | |
| ๐ช VPS Services : | |
| ๐ง Email Alert : | |
| ๐ฐ Trading News : |
Trading Instruments
| ๐ Forex/Currencies : | |
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| ๐ Commodities : | |
| ๐ CFDs : | |
| ๐ Indices : | |
| ๐ ETFs : | |
| ๐ Stocks : | |
| ๐ Crypto Currency : |
Promotion
| ๐ No Deposit Bonus : | |
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| ๐ Deposit Bonus : | |
| ๐ Contest : | |
| ๐ Other's Promotion : |
Get Latest OctaFX Promotion
Bonus
Info
Action
OctaFX ยป 50% Margin Bonus on each Deposit
OctaFX ยป Weekly cTraderโs Demo contest
OctaFX ยป 11th Birthday Bonanza Campaign
Support
| ๐ฅ 24-Hours Support : | |
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| ๐ฅ Support During Weekends : | |
| ๐ Web Form : | |
| ๐ฌ Live Chat : | |
| ๐ค Call-Back : | |
| โ๏ธ Support Language : | Chinese, English, Indonesian, Spanish |
Contact Information
| ๐ Website : | |
|---|---|
| ๐ง E-mail : | [email protected] |
| โ๏ธ Telephone : | +44 20 3322 1059 |
| ๐ Fax : | N/A |
| ๐ฎ Address : | Cedar Hill Crest, Villa, Kingstown, St. Vincent and the Grenadines |
Guys donโt ever go with this broker they are the worst broker ever Iโve been asking a refund alone cause theyโre system bugged and they are blaming my wifi. Although I never asked for a refund in the past
Excellent customer service, immediate deposits and withdrawals, local bank deposit facility in many countries etc
What more can one ask for mobile n a good broker? I rate them excellent.
Hello octafx.
After all hesitation i successfully open my account and deposited 5000inr to test the transaction on yesterday, but unfortunately the amount didn’t credited in my trade account… the fall down from my first step of trading life.
Help me to guide how to get the signal.
Good broker ever seen I liked 100%
Best broker deposit fast withdrawal fast is 100% without warried let’s enjoy this legit company
be careful of the platform you trade with. I lost to some scam platform but I got my refund with the help of a recovery company named LFrescue org and they can help you as well of you need help.