Broker octafx

We're looking forward to hearing from you soon. And we hope that it won't take much time to receive your funds back.

New forex bonuses

I have a lot of experience with various brokers, but octafx is the absolut best.

Octafx review

Octafx is a forex broker. Octa FX offers the MT4, MT5 and ctrader forex trading top platform. Octafx.Com offers over 25 forex currency pairs, cfds, commodities, stocks, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.

Broker details

deposit methods:

VISA, awepay, bitcoin, fasapay, local bank deposits, local bank transfers, neteller, paytm, skrill, unionpay

withdrawal methods:

VISA, awepay, bitcoin, fasapay, local bank transfers, neteller, paytm, skrill, unionpay

Live discussion

Join live discussion of octafx.Com on our forum

Octafx.Com profile provided by john, may 29, 2012

Octa markets incorporated is a worldwide recognized forex broker. Octafx provides forex brokerage services to its clients in over 100 countries of the world. Octafx uses the most up-to-date technology and knowledge to make your forex trading experience outstandingly convenient. Our top goal is the trust and satisfaction of each client's need and requirements. Octafx sets the highest service level standards and maintains them as well as constantly develops new services and promotions.

Video

Let other traders know if this service is worth checking or should be avoided.

Traders reviews

Length of use: over 1 year

Thank you for taking the time to reach out and share your experience with us. We deeply regret that you experienced trouble depositing your funds. After looking into your review, we can confirm that an error had occurred before your payment was processed. Our financial department is currently investigating it, and we'll make sure to keep you updated throughout the process.

Please note that there are many reasons why a transaction could fail. And in cases where your payment was unsuccessful, it’s essential to contact us as soon as possible, as it might require a thorough investigation by our financial department. We want to assure you that you shouldn’t be discouraged, as we’re certain that our team will be able to locate the payment and resolve the issue you’ve experienced.

We appreciate your patience and please, remember that you can get in touch with us anytime to receive an update on the progress. We’re always happy to help our customers and provide them with the necessary information.

We hope that this issue will not affect your overall experience and you’ll enjoy trading with us once again.

DISCLAIMER: this review is not to state that octafx is the best broker in the world. I've traded with a lot of brokers and never had problems with any of them, with respect to deposit and withdrawals.

Herein are the list of transactions that I did on my account with octafx. It has the ID, time the request was created, and the time it was processed.

DEPOSIT
deposit ID 4703156
created dec 27, 2020 03:23 PM
processed on dec 27, 2020 03:50 PM

WITHDRAWALS
withdrawal ID 1930065
created dec 30, 2020 11:51 AM
processed on dec 30, 2020 12:17 PM

Withdrawal ID 1927033
created dec 29, 2020 08:00 PM
processed on dec 29, 2020 09:42 PM

Withdrawal ID 1920756
created dec 28, 2020 05:53 PM
processed on dec 28, 2020 09:43 PM

Withdrawal ID 1919630
created dec 28, 2020 03:09 PM
processed on dec 28, 2020 03:24 PM

SUMMARY:
I made the deposit to their GTB nigeria account, and made withdrawals to my GTB account. This might be the reason why I never had issues with them.

I'll advise traders to ask them [octafx] questions when they have issues, and be ready to hear and understand.

Thank you for such great feedback. We appreciate you taking the time to share it with our community and giving us one more reason to be proud of the work we’re doing with our team. We’re sure they will be excited to read your review, too, as they do their best to ensure fast and secure payment services.

Please send us a direct message if you have other questions or suggestions. Our team is always here to help, and we'll be more than happy to chat whenever you have time for us.

Deposit take less than 1sec
withdrawal take forever.

If you guys want to withdraw the money. Please do 1 year in advance

Thank you for reaching out and sharing your feelings with us. We're sorry to read about your dissatisfaction with our processing times. Please let us remind you that all withdrawal requests at octafx are processed within a few business hours. However, when our financial department handles a high number of requests, in rare cases, we ask to allow extra time, but it does not exceed 24 hours overall.

Please note that since you didn't provide your trading account number, we couldn't look into your previous requests. However, we wish to assure you that we always strive to improve our services and reduce the processing time. We also want you to know that if your payment is delayed or you feel like it’s taking longer than it should, you can send us a message in the live chat available on the website. Our team will be more than happy to update you on your request status.

We’re looking to hearing from you, so please don’t hesitate to get in touch with us anytime. Our team is available 24/7, and they're always here to help you whenever you need it.

Thank you for letting us know about the problem. We deeply regret that you were having a hard time trying to deposit, and you couldn't reach out to our support team. Unfortunately, we couldn't identify you on our system and look into your previous inquiries since you didn't provide your account details in your review. If you could contact us directly and share this information with our team, it will help us investigate the issue and understand what happened with your payment.

Please note that generally, it takes a couple of hours for bank transfers to be processed. However, we ask you to allow us extra time when our financial department handles a high number of requests. There could be different causes of why your payment is delayed and not reflected in your account. This requires an investigation, and we strongly encourage you to send us your payment proof if your deposit wasn't credited into your account after 24 hours have passed. These actions could help our team look up your payment and process it.

In the meantime, don’t forget that our team composes of real agents committed to helping you whenever you need it, so please contact us after reading this reply. We’ll make sure to find your payment as soon as possible and keep you updated.

Bank negara malaysia

Length of use: over 1 year

Thank you for reaching out and bringing this question to our attention. Unfortunately, we couldn't identify you on our system and look into your review since you didn't provide any details about your trading account or the bank you were using at the time. We’d really appreciate it if you could get in touch with our team and share the necessary details to help us find out what happened and investigate the matter.

We also want to remind you that our support team is always here to help you. They're available 24/7, and we'll be more than happy to hear from you and assist whenever you need it.

We're looking forward to hearing from you soon.

Length of use: 6-12 months

I have a lot of experience with various brokers, but octafx is the absolut best.

Low spreads.
Great bonus conditions.
Very fast withdrawal without any fees..
Good customer service.

Thank you for sharing such thoughtful feedback about our brokerage. We try really hard to provide the best trading experience for our customers here at octafx. Reading reviews like yours is a great hint that we’re providing our customers with the services that meet their needs, and we truly couldn’t be happier that that’s the case for you. We appreciate you being our client and want to say that you're always welcome on our chat at any time if you have any questions or suggestions.

As we’re already addressed your complaint in the thread you’ve created here on FPA, please allow us to echo what we’ve said here.

Thank you for your patience while we consulted your case with our team. After looking into the matters you brought to our attention, we can see that the cards you used to fund your trading account for the first and second time were different.

Please note that in such cases, our financial department may request verification of the second card to ensure it belongs to you and not to a third party, as all third-party transactions are strictly prohibited here at octafx. Therefore, the procedure is fully in line with our security measures.

We cannot merely block the possibility of conducting further transactions because in cases where funds do belong to a third party, we have to ensure that they’re refunded to the originating account. Therefore, it’s the trading activity that must be restricted to ensure that such money is not used for trading.

Looking into your trading history, we can see that the orders you're referring to were closed 17 hours after you got back access to your account. However, those orders could have been closed before the stop out occurred either in profit or with less loss as the two hours of account locking did not impact them. You decided to trade in the same direction, and it eventually led to the stop out. There were no issues from our side, and your orders were executed as per the market conditions. Unfortunately, there are no grounds for compensation/reimbursement as it was solely your decision to continue trading.

We want to remind you that despite this incident, you're always welcomed to contact us anytime, and we'll be more than happy to hear from you and help with any questions you may have.

I have been trading with this useless trader for 3 months now and im becoming more and more worried about the way this company handles my query or any issues.
1. They say there will be no swaps charged to accounts having funded more than 10k.
But they still keep charging the swaps and later asks me to provide details against the wrongly charged swaps. As in I'm working for octa FX and I will keep all this information ready for them.

2. They don't have a trading practice called partially closing a trade. If you are making losses on the trade you cant close it partially to minimize the loss. Rather it will book the entire loss and again open a new trade of the remaining lot. This is so weird and when I spoke to my account manager he gave fake promises of being working on the resolution.

3. They treat their customer with the least priority and I'm still to get my money reversed from them which now more than 50 days.

Nov 6, 2020 - 1 star octafx is a fraud company.. Beware.. You can lose money even without trading. There is no way you can contact there finance team. It's only the customer support team that never has any clue of what is happening.. In my case, 2 transactions of INR50000 got debited from my account on the 5th october 2020 but did not credit to my trading account. Since then I'm chatting with them every day.. But getting the same response .." madam we have requested for update sorry for the delay".. Every single day they are responding with the same message. After 1 month today on 05th nov, I asked them to arrange a call back from the account manager, when that human called me he was clueless about what is happening on my issue. He said he is following up with the finance team but he was not ready to provide a single email communication regarding the same. Still, no one knows what will happen to my funds. They don't have a call-in number. Only chat support. I have been trading with multiple traders and this is the worst of all. You cant talk to them at all. They don't respond to emails.. I'm very frustrated..

Reply by octafx rep submitted nov 20, 2020 dear shaziya shaikh,

Thank you for taking the time to share your experience with us. We're sorry to read that you had trouble depositing your funds at octafx. We've looked into your review, and as we can see, it is still being investigated by our financial department. We can also see that you've recently mentioned on social media that one of the transactions got back successfully, but there's still one missing. We're extremely sorry that it's taking so long, and we apologize for all the inconvenience you may have faced as a result. Please note that we’re still exchanging with the payment processor and are waiting for updates to provide you with as soon as new information reveals itself.

We wish to assure you that we’re committed to resolving this issue as soon as possible but want to ask you to allow us a bit more time. We understand how uncomfortable you may feel about the matter, and we want to tell you that we take it very seriously. We'll do everything that it takes to prevent such cases in the future and reduce the processing times. Please bear with us and remember that our customer support is constantly checking your case and they will be more than happy to provide you with the latest details.

We're looking forward to hearing from you soon. And we hope that it won't take much time to receive your funds back.

We deeply regret to read about your dissatisfaction with our services. We'll be more than happy to receive feedback from you about what could be improved, considering that the issue with swaps has been resolved and you were compensated.

As for the partial order closure, we're aware of the issue. However, it's not something we could influence and fix immediately as it would require an extensive amount of time and effort once such feedback is passed to the relevant department. However, we want to ensure you that we take your suggestions and recommendations very seriously, and we'll make sure they're all addressed and considered by our team.

We would also appreciate it if you could share what could be improved regarding our customer support services to meet your standards. It's one of our top priorities to ensure that we provide the most convenient trading experience to our customers and everything is done to your satisfaction.

Please send us a message anytime soon. Our team is always here for you, and we'll be happy to hear from you whenever you have any questions.

Octafx review

Founded in 2011, octafx provide powerful trading platforms and flexible accounts to suit all types of trader. They offer a range of forex and CFD instruments with very competitive fees and prompt customer support.

Octafx review, pros & cons

Commission free accounts

Fixed spread accounts

Octafx copytrading app

Autochartist

Negative balance protection

Hedging & scalping allowed

In this detailed octafx review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

Octafx is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including octafx.

Octafx review: summary

Octafx is a multi-award-winning broker that provides traders across the globe access to trade forex, commodities, cryptocurrency, stocks, shares, indices, metals, energies & cfds.

Octafx aim to minimise trading costs with 97.5% of orders executed without slippage through the STP (straight through processing) and ECN (electronic communications network) models implemented.

Octafx was founded in 2011 and has won over 28+ awards including best forex broker asia 2018 (global banking and finance review), best FX broker 2018 (european CEO magazine), best trading conditions 2018 (european CEO magazine), best copy trading platform 2018 (forex-awards.Com) and many more.

They aim to maintain high standards with secure trading environments and the same transparent trading conditions for every trader. Each year they are improving to try and become even more cost effective. Over 400,000 traders spanning 100+ countries have opened accounts with them.

Octafx also provide a range of trading tools and educational materials to assist with market analysis and improve your trading knowledge. There are flexible trading platforms and accounts for all levels and styles of trader.

Leverage of up to 1:500 is available and they do not charge any commissions or an overnight swap fee. Hedging, scalping and expert advisors are all supported.

Octafx review: regulation

Octafx is registered in st. Vincent and the grenadines, licensed and regulated by the financial services authority st. Vincent and the grenadines (FSA SVG). The octafx EU entity is regulated by the cyprus securities and exchange commission (cysec). They did previously hold on FCA license but closed their UK offices due to brexit and replaced it with the cysec license.

Client funds are held in segregated accounts in accordance with international regulation standards. Keeping funds separate from the company funds means that they cannot access them for any other purpose.

Octafx offers negative balance protection, so if your balance becomes negative, they will automatically adjust it to zero. The risk management system ensures that clients cannot lose more than they initially invested as risk is limited only to the funds you have deposited into your account.

Octafx review: countries

Octafx accepts clients from all over the world, excluding USA due to regulatory restrictions. Some octafx broker features and products mentioned within this octafx review may not be available to traders from specific countries due to legal restrictions.

If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers australia, best brokers south africa, best brokers canada or our best brokers for all other countries.

Octafx review: trading platforms

Octafx offer a choice of the metatrader 4 (MT4), metatrader 5 (MT5) and ctrader platforms. These are amongst the most popular platforms available for online trading.

Octafx review: trading platforms

Metatrader 4

MT4 is ideal for new traders and more experienced traders who require a simplistic yet sophisticated platform. It has an intuitive user-friendly interface that is easy to navigate and fully customisable.

MT4 includes many built-in indicators for technical analysis and is capable of running automated systems known as expert advisors (eas). There are 9 timeframes to choose from. Multiple order types are supported with real time market execution and there is advanced risk management amongst many other useful features.

MT4 is the complete platform to get started trading online and is available on desktop (windows / mac), web and mobile (iphone / ipad / android / tablet).

Octafx review: metatrader 4

Metatrader 5

MT5 has a simple interface just like its predecessor with some new features that improve the overall experience. There are more technical and fundamental indicators for chart analysis, 21 timeframes, graphical objects, support for more order types, an economic calendar and more.

MT5 is available on desktop (windows / mac), web and mobile (iphone / ipad / android / tablet).

Octafx review: metatrader 5

Ctrader

Ctrader provides a convenient and feature rich environment for more flexible trading. It is also highly customisable and can be adjusted to cater to suit the needs of different traders. Other benefits include level II quotes, server trailing stop, 26 timeframes, cloud service, advanced chart trading and a FIX API for trading with direct market access.

Ctrader is available on desktop (windows / mac), web and mobile (iphone / ipad / android / tablet).

Octafx review: trading tools

Octafx have a good selection of useful trading tools that can be used for trading signals, market analysis and risk management.

Octafx review: trading tools

Octafx copytrading app

The octafx copytrading app lets you conveniently copy signals from hundreds of other traders. The app interface is very user friendly making it easy to find signal providers to follow based on your customised filters. You can build and track your portfolio at any time. There are master accounts for traders who want to offer their strategies as signals or for followers who wish to copy signals.

Octafx review: copytrading app

Autochartist

If you have at least $500 in your octafx account then you can download and install the autochartist trading signals plugin for MT4 & MT5. This tool will automatically conduct technical analysis by scanning the charts for trading signals and will alert you when it finds them. You can specify what signals you want to receive and the quality level of these signals (based on historical performance).

Alerts can be set for opening and closing trades. You can optimise your stop loss and take profit levels with the volatility analysis tool and stay informed about the latest market movements and trading opportunities with autochartist market reports.

Octafx review: autochartist

Market insights

Here you will find daily trading ideas based on complex technical and fundamental analysis across a range of different trading instruments. There are also daily and weekly forecasts that cover the financial markets in great detail. These market insights can help identify trading opportunities and assist with analysis.

Octafx review: market insights

Economic calendar

The economic calendar displays a list of up and coming financial news releases including the country and level of impact. You can also see the actual, forecast and previous results of these releases. The calendar has advanced filters to only show news that is relevant to you.

Octafx review: economic calendar

Profit calculator

The profit calculator lets you choose a trading instrument and enter the position details for a quick and easy calculation of the potential profit.

Octafx review: profit calculator

Trading calculator

The trading calculator will quickly calculate the costs for opening a position of a specific size and leverage.

Octafx review: trading calculator

Account monitoring

On the account monitoring page of the octafx website you can select an account or nickname and view its performance, charts, profits, orders and history. You may also add your own account should you wish.

Octafx review: account monitoring

Other tools

Other notable tools include widgets that clearly display live quotes, interest rates and national holidays.

Octafx review: education

Octafx provide a good range of educational materials including video tutorials, guides, faqs and a glossary. Subjects covered include the very basic lessons such as an introduction to trading and how to place a trade to the more advanced technical and fundamental analysis. The information is very easy to digest and is supported with visual representation for clarity.

Octafx review: trading instruments

Octafx offer a range of trading instruments across multiple markets including forex, commodities, cryptocurrency, stocks, shares, indices, metals, energies & cfds. They have 28+ FX currency pairs, 4 metals (including gold and silver), 2 energies, 10 indices and 3 cryptocurrencies. Leverage is available up to 1:500 for currencies, 1:200 for metals, 1:100 for energies 1:50 for indices and 1:2 for cryptocurrencies.

Indices trading

With octafx offering cfds, you can trade from 10 of the most popular indices, including dow jones, NASDAQ, nikkei and eurostoxx 50.

Octafx review: indices trading

Cryptocurrency trading

Octafx offer trading in bitcoin, ethereum and litecoin.

Octafx review: cryptocurrency trading

Commodities trading

You can diversify your portfolio with octafx offering gold, silver, crude oil and other commodities.

Octafx review: commodities trading

Octafx review: trading accounts & fees

Octafx offer 3 different main account types, the micro, pro and ECN. The account you go for may depend on the trading platforms that you wish to use, instruments you trade and minimum deposit requirements.

Islamic swap free accounts that comply with sharia law are available. You may also open a demo account to test the different trading platforms and conditions before opening a real account, should you wish.

Octafx review: accounts comparison

Micro account

This is a MT4 account that octafx recommend for novice traders with a small initial investment. Floating spreads start from 0.4 pips and there is the option of fixed spreads that start from 2 pips on selected instruments. No commission is charged on this account type and the minimum deposit required is $100. Leverage is available up to 1:500 for currencies, 1:200 for metals, 1:50 for indices and 1:2 for cryptocurrencies. You get access to trade 28 currency pairs, gold and silver, 4 indices and 3 cryptocurrencies.

Pro account

This is a MT5 account that octafx recommend for experienced traders which has the lowest spreads and less overall trading costs. Spreads are floating and start from 0.2 pips with no commission charged and a minimum deposit requirement of $500. Leverage is available up to 1:200 for currencies, 1:100 for metals, 1:50 for indices and 1:2 for cryptocurrencies. You get access to trade 28 currency pairs, 4 metals (including gold and silver), energies, 10 indices and 3 cryptocurrencies.

ECN account

This is a ctrader account that octafx recommend for the progressive trader who require more transparency in pricing. Spreads are floating and start from just 0 pips with no commission charged and a minimum deposit requirement of $100. Leverage is available up to 1:500 for currencies, 1:200 for metals. You get access to trade 28 currency pairs, gold and silver.

As broker fees can vary and change, there may be additional fees that are not listed in this octafx review. It is imperative to ensure that you check and understand all of the latest information before you open an octafx broker account for online trading.

Octafx review: customer service

Octafx’s award winning customer support team is available 24 hours a day from monday to friday. Customer support is provided via online chat, telephone and email in english, indonesian, malay, thai, hindi, urdu. Awards won include best customer service asia (global banking and finance) and best customer service broker (FX empire).

According to zendesk monthly usage reports, octafx are better than 87.1% of the industry when it comes to customer support. The average response time is just 7 seconds and the average resolution time is 3 minutes with the customer satisfaction rate at an impressive 96%.

Octafx claim only 0.7% of clients actually contact customer support as their services are usually smooth and reliable enough. However, should you need them, they are there to answer your general and technical questions in a prompt and efficient manner.

Octafx review: customer support

Octafx review: deposit & withdrawal

Octafx do no charge a commission on deposit and withdrawals. They also use the best exchange rates possible. Secure SSL encryption helps make your information confidential and inaccessible to third parties. 3-D secure technology adds an authentication step for protecting your online VISA/mastercard payments.

Funding options include wire transfer, credit card, neteller, skrill, bitcoin. Bank transfers may take a few business days to clear. Accounts can be opened in USD & EUR. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

Octafx review: account opening

There is a short online form to compete after which you will need to verify your email address. Following on from that you need to email the accounts team proof of identification and residence such as a passport scan and utility bill. This is completely normal as part of the KYC procedure. Once the accounts team have verified your details you will be able to fund your account and start trading.

Octafx review: account opening

Octafx review: conclusion

Octafx provide very flexible and powerful trading platforms with accounts to suit all types of trader. The trading costs are very competitive whilst customer support is prompt to answer questions. Trading instruments may perhaps be too limited for some although the forex offering is probably adequate for most clients needs.

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. A percentage of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Min $100 deposit

Founded in 2011, octafx provide powerful trading platforms and flexible accounts to suit all types of trader. They offer a range of forex & CFD instruments with very competitive fees and prompt customer support.

Octafx review

Review

Octafx, a broker in operation since 2011 out of st. Vincent and the grenadines, serves over 1,500,000 traders from more than 100 countries; they report that order execution exceeded 288,000,000. This market maker deploys a straight-through processing (STP) model and offers traders the choice of the MT4, MT5, and ctrader trading platforms. New retail traders from emerging markets are a primary focus, and generous bonuses fulfill an essential role in growing the client base, with over $2,840,000 in bonus funds paid out to date. Octafx maintains a highly competitive cost structure with a commission-free EUR/USD spread of just 0.4 pips. The broker supports social trading via octafx copytrading and autochartist pro supports manual traders.

Octafx highlights

��️ headquarter	UK
⚖️ regulations	SEBI
�� type of broker	ECN/STP
�� minimum deposit	$50
�� maximum leverage	1:500
�� type of platform	metatrader 4, metatrader 5, ctrader
�� deposit with credit card	yes
�� depositing with wire transfer	no
�� demo account provided	yes
��️ instruments traded	cfds, commodities, metals, oil, gold, indices

Regulation and security

Octafx operates out of st. Vincent and the grenadines, where registration of octa markets incorporated exists with the financial services authority (SVGFSA). It is important to note that while the FSA is responsible for policing international business companies (ibcs), it does not regulate forex brokers. Therefore, octafx remains effectively unregulated; that in itself does not suggest malpractice or fraudulent activity by this broker. Octafx has expanded its operations since 2011, testament to its trader-friendly operations. In fact, more than 1,500,000 traders trust octafx, which should be taken into consideration when evaluating octafx.

Negative balance protection, the segregation of client deposits from corporate funds, and compliance with anti-money laundering (AML) directives enhance the security of traders. From this octafx review we can see that this broker does attempt to strike a balance between offering security as an unregulated entity and operating out of a business-friendly jurisdiction that allows it to execute its successful business model.

Octafx operates out of st. Vincent and the grenadines.

Negative balance protection exists, ensuring traders cannot lose more than they deposit.

Client deposits remain segregated from corporate funds.

Octafx fees

Octafx charges a combination of spreads, commissions, and swap rates. While the overall cost structure is extremely competitive, it is a bit complicated. To make things easier, we'll simplify it all in this ocatfx review. The MT4 micro account commences with a commission-free 0.4 pips minimum mark-up on the EUR/USD, which ranks among the best available offers in today’s industry. Swap rates apply, and islamic accounts face an equal cost, only labeled differently; the islamic account structure complies with sharia law. While the MT5 pro account continues with a similar minimum pricing environment, the current spread is significantly higher. A fixed three-day fixed cost applies, but no swap rates exist. Then there is the ctrader account, where the current mark-up is lower than in the MT5 but higher than in the MT4. The commission of $3 per lot is outstanding, and a fixed weekly rollover fee applies, again without daily swap rates.

Octafx does not levy charges for deposits, withdrawals, and currency conversions. No additional costs exist, making octafx one of the least costly brokers to trade with, fulfilling its mission statement of creating a low-cost broker for new traders and professionals alike.

MT4/MT5 traders can easily access swap rates from their platform by following these steps:

Right-click on the desired symbol in the market watch window and select symbols.

Select the desired currency and then click on properties located on the right side.

Scroll down until you see swap long and swap short.

The commission-free MT4 account lists a minimum spread of just 0.4 pips.

The MT5 account comes with a fixed rollover cost which is deducted every three days.

The ctrader account offers a very competitive commission of $3 per lot, but spreads are higher than in the MT4 alternative.

Islamic accounts face fixed costs equal to swap rates.

The overall pricing environment is low, benefiting traders.

What can I trade

Octafx offers 28 currency pairs, four commodities, ten index cfds, and three cryptocurrency pairs, traders have limited choices. As far as we could see during this octafx review, the complete availability of assets remains confined to the MT5 account; the MT4 account features fewer assets, and ctrader offers the least. As such, cross-asset diversification is would be difficult, but it's possible to overlook this if you're a new trader and a solid cost structure is important to you.

Octafx maintains 45 assets in total.

Account types

Octafx maintains three account types. The broker claims the MT4 micro is the most common choice and confirms its popularity among new retail traders from emerging and frontier markets. With a minimum deposit of $100, traders have access to 39 assets with a maximum leverage of 1:500. The MT5 pro account offers all 45 trading instruments but requires a $500 deposit, with increased margin requirements. Both choices are commission-free. The commission-based ctrader account is available for just $100. It features the least number of assets with 30, but the maximum leverage is 1:500, unlike 1:200 in the MT5 account. Hedging and scalping face no restrictions in either choice.

Traders may choose from among three account types.

Islamic accounts are a cornerstone at octafx and are high in demand. While swap rates do not apply, fixed costs exist.

Octafx trading platforms

Traders may choose from the three leading trading platforms in the forex market. The market-favorite MT4, with over 20,000 third-party customized technical indicators and electronic advisors (eas), many free of charge, remains the most flexible version. MT4 maintains its leadership position for automated trading, the fastest-growing sector of the financial system. Traders must invest in necessary upgrades to unlock the complete functionality of MT4 and transform it into a competitive, cutting-edge version. Octafx also offers the MT5 trading platform, which remains the only one where all assets are available for trading. The best out-of-the-box alternative is ctrader, designed for trading via the electronic communications network (ECN).

All three platforms support automated trading and are available as a desktop client, a webtrader, and a mobile version. Autochartist pro enhances the MT4/MT5 trading platforms, granting traders one of the most widely used automated chart pattern recognition software. Social trading support exists via octafx copytrading, which allows traders without the time to manage their portfolios to diversify across strategies from one user-friendly platform.

MT4 maintains its leadership position among retail trading platforms.

Octafx traders who wish to trade all 45 assets must do so on the MT5.

The ctrader platform offers the best out-of-the-box trading experience.

Octafx copytrading supports the resurging popularity of social trading.

Unique features

There are three unique features worth noting.

Autochartist pro offers manual traders an excellent automated trading assistant. It is available only to clients who achieve silver status and above. Information about what is required to achieve this status appears to be available only to registered traders from inside their back-office.

Since 2017, octafx has revamped and improved its educational portal. It is supported via weekly and monthly demo contests, which allows new traders to earn between $500 and $1,000 in real cash, which is then deposited into a live trading account. Traders should enter trading contests at their own risk while understanding they may not win.

The octafx copytrading platform allows so-called master traders to earn an additional revenue stream from their strategy. It is ideal for those traders with smaller portfolios to leverage their income potential. Professional traders interested in tapping into the social trading scene will also benefit from it. Traders can create multiple master accounts for different strategies, and the freedom to adjust commissions adds to the flexibility.

Autochartist pro is an excellent trading tool available at octafx.

Demo contests with real cash prizes appeal to new retail traders.

Master traders can boost their income potential at octafx via the octafx copytrading platform.

Research and education

Octafx grants traders a comprehensive analytics section under trader’s tools. It consists of eleven sub-categories and a user-friendly design. Besides trading signals from autochartist, traders will discover in-house research and market commentary published by octafx under market insights, forex news, and technical analysis. They are updated frequently, consist of written content and charts, and represents a quality addition to the products available at this broker. A quick overview of market-related events exists under the economic calendar, interest rates, and national holidays. The profit and trading calculators allow traders to manage their trading strategy before placing trades. Overall, with the revamped research and education portal, octafx delivers a genuine auxiliary trading service.

The trader’s tools section features eleven sub-categories, which combine for quality service, especially for new retail traders.

Octafx updates three sections several times throughout the day, with trading ideas and market commentary.

Education at octafx consists of nineteen topics under forex basics. They consist of quality written content, charts, and some include numerous videos. While often brief, the content has educational value and offers new retail traders an excellent introduction to trading. The tutorials section focuses on octafx-specific guides, and video tutorials cover MT4/MT5, the personal area of octafx, and octafx copytrading. An FAQ section and a glossary aim to answer the most common questions and introduce terminology. Traders may access the manuals to obtain more specific assistance regarding the three trading platforms, related tools and services, and autochartist. Webinars hosted by octafx complete a well-rounded educational portal.

Octafx delivers a well-rounded educational portal.

Webinars add value, and new traders should take advantage of them.

Customer support

Customer support is available 24/7 and is best reached via live chat or telegram. A webform is equally accessible, and traders may alternatively call. Octafx ensures swift access to a customer services representative in case the unlikely need for additional assistance arises.

Bonuses and promotions

Bonuses and promotions remain an essential part of the octafx strategy, and traders have access to various offers. The 50% withdrawable bonus on each deposit represents an excellent offer for traders to build their portfolio through a series of monthly deposits, while two demo contests award real cash. The trade & win incentive rewards clients for trading activity with various prizes.

The withdrawable 50% bonus on each deposit represents the best offer at octafx.

Trade & win is another excellent reward program based on trading volume.

A four-tier status program grants additional improvements to the trading environment.

Traders can use the four-week MT4 demo account to win cash.

Smaller cash prizes await in the one-week ECN demo contest.

Octafx also hosts a 16 car global trading contest.

Opening an account

An online application form processes new accounts, and traders may use their facebook or google account to complete the process. Account verification is mandatory to comply with AML/KYC requirements. A copy of the trader's ID and one proof of residency document will satisfy this final step.

The account opening process complies with industry standards.

Deposits and withdrawals

Octafx supports credit/debit cards, skrill, neteller, and bitcoin. While the selection remains limited, it is suitable for most traders. No deposit or withdrawal fees exist from octafx, but third-party costs may apply. The processing times of deposits and withdrawals are fast, but it may take additional time to arrive in the trader’s account or e-wallet.

Octafx offers a limited but acceptable choice for payment processing.

Octafx

Location: st. Vincent and the grenadines

Top forex brokers

Broker	reviews	min deposit
octafx	octafx review	$50
XM	XM review	$5
avatrade	avatrade review	$100
instaforex	instaforex review	$1
liteforex	liteforex review	$10

Octa FX review 2021

Octafx review

Latest updates for octafx broker

Location: st. Vincent and the grenadines

Operating under: octa markets inc. (st. Vincent and the grenadines)

Trading instruments: forex, commodities, indices, CFD, crypto including bitcoin

Why choose octafx forex broker?

LOWEST SPREADS IN THE INDUSTRY

BUY/SELL FOR THE PRICE YOU SEE WITH THE FASTEST EXECUTION

PAY NO SWAPS ON ORDERS HELD OVERNIGHT

97,5% OF ORDERS EXECUTED WITHOUT SLIPPAGE

ORDER PROFIT 30 PIPS +900$

NO COMMISSIONS ON DEPOSIT AND WITHDRAWAL

Awards received by octafx

Recent awards in forex industry:

Global banking and finance has named octafx winners of the 'best forex broker nigeria 2020' award

Best ECN broker and best islamic FX account for 2020 by world finance

BEST FOREX ECN BROKER 2017 FROM UK FOREX AWARDS

MOST TRANSPARENT BROKER 2017 FROM EUROPEAN CEO MAGAZINE

Best trading conditions 2016 by forex report magazine

Most transparent broker 2016 by european CEO magazine

Best STP broker 2016 by forex report magazine

ACCOUNT TYPES COMPARISON

Micro

Metatrader 4

RECOMMENDED FOR: NOVICE TRADER

For small investment

Spreads - floating, starting at 0.4 pips fixed, starting at 2 pips.

No сommission, markup

Recommended deposit - 100 USD

28 currency pairs + gold and silver + 4 indices + 3 cryptocurrencies

Leverage up to 1:500 for currencies 1:200 for metals 1:2 for cryptocurrencies

25% / 15% margin call/ stop out level

Metatrader 4 MT4 platform

RECOMMENDED FOR: EXPERIENCED TRADER

For lowest spreads and less trading costs

Spreads - floating, starting at 0.2 pips

No сommission, markup

Recommended deposit- 500 USD

28 currency pairs + 4 metals + 2 energies + 10 indices + 3 cryptocurrencies

Leverage up to 1:200 for currencies, 1:100 for metals and energies, 1:50 for indices, 1:2 for cryptocurrencies

45% / 30% margin call /stop out level

Ctrader platform

RECOMMENDED FOR: PROGRESSIVE TRADER

For more transparency in pricing

Spreads floating, starting at 0 pips

No markup, commission

Recommended deposit 100 USD

28 currency pairs + gold and silver

Leverage up to 1:500 for currencies 1:200 for metals

Margin call/ stop out level 25% / 15%

Octafx review: trading platforms

Metatrader 4

THE MOST POPULAR FOREX TRADING PLATFORM

Metatrader 4 (MT4) provides robust technology and high security to enable traders to choose forex or CFD positions without worrying about the stability of the platform. It offers instruments to follow price fluctuations, identify trend patterns through charts and graphs, and also deploy automated trading techniques to manage trades.

EASIER TRADING WITH METATRADER 4

Flexibility: there are several choices of currency pairs to trade in, as well as cryptocurrencies and cfds.

User-friendly: MT4 has a user-friendly interface that is suitable for traders of all levels.

Customisation: develop your own expert advisors (eas) and technical indicators on metatrader 4, to match your trading needs and practices. Windows and charts can be arranged for each profile according to your preferences.

Efficiency: MT4 doesn’t slow down the performance of your PC or mobile, keeping disruption to a minimum.

Charting tools: advanced charting tools help analyze the technical aspects of the market.

Expert advisors: trading robots enable the automation of trades and access to the platform’s algorithmic trading benefits.

Language: the platform is available in multiple languages.

METATRADER 4: СHARTING TOOLS FOR TECHNICAL ANALYSIS

Metatrader 4 offers advanced charting capabilities to determine entry and exit points with technical analysis, which uses historical price and volume data to help make predictions. It’s also possible to send trading orders straight from the chart.

METATRADER 4 AUTOMATED TRADING

The MT4 platform allows automated trading. A trader can develop his own set of rules for trade entries and exits with the help of automated trading robots (expert advisors), which helps avoid instinctual blunders while trading.

FREE METATRADER 4 DEMO ACCOUNT FROM OCTAFX WITH UNLIMITED ACCESS

TRADING CRYPTOCURRENCIES ON METATRADER 4

Ctrader platform

Ctrader is a relatively new platform that provides traders with new features and user-friendly interface. Ctrader offers innovative direct market access brokerage capabilities.

The octafx trading app

Language support: bengali, chinese, english, hindi, indonesian, malay, portuguese, spanish, thai

Create trading accounts, modify leverage, enable swap-free options, edit and restore passwords

Make deposits and withdrawals using the most popular payment options

View your detailed overall or account operation history, apply convenient filters to it and cancel your previous deposit

Start trading in a compatible trading platform app

Top up your demo account

View contest statistics and access your contest accounts

Activate bonuses and view statistics on active and completed bonuses

Octafx review: trading conditions

Educational material: market news and research, convenient economic calendar

Islamic swap-free accounts: available

Spreads start from 1.1 pips

ECN spreads start from 0.2 pips plus $6 commission per standard lot

Maximum leverage is up to 1:500

Minimum trade size: 0.01 lot

Octafx review: payment options for deposits and withdrawals

Payment methods: neteller, skrill, fasapay, visa, mastercard, malaysian, vietnamese, indian, indonesian, bangladeshi local banks, bitcoin, unionpay

Octafx review

Octafx is a quite recently formed straight through processing (STP) ECN forex broker. Octafx offers both the metatrader and ctrader platforms, all major currency pairs and commodities, leverage 1:500, and a minimum deposit of $5. Octafx has been operating since 2011 out of its main center in jakarta, indonesia. The company is also registered in saint vincent and the grenadines with license number 19776 IBC 2011 issued by the caribbean’s financial services authority or FSA. Octafx is regulated by cysec with the license number 372/18.

Octafx focuses primarily on the asian retail market and has won several notable industry awards, primarily for its service to that sector. In addition to asia, the company has customers in more than 100 countries worldwide, but it does not presently accept U.S. Based clients.

Its official website is located at www.Octafx.Com and a screenshot of its welcome page appears below:

Octafx features

Octafx offers a professional quality execution service in all of the major currency pairs, plus precious metals like gold and silver. Furthermore, octafx’s decision to act as a STP ECN broker has allowed it to offer customers very tight dealing spreads, quick execution times, no slippage on orders and no re-quotes. Those key features — plus the numerous interesting promotions and contests the broker offers — makes theirs a notably attractive package for most retail traders, especially those that wish to trade more actively.

Furthermore, the broker’s very modern dealing network offers state of the art connectivity to the markets. This helps give its clients greater assurance about stability, execution, reliability and excellent liquidity from international banks. In addition, the broker conscientiously segregates its operating capital from client deposits, thereby complying with regulatory requirements and giving customers great financial security. With respect to data security, the broker uses 128-bit SSL protection when encrypting trading and personal information.

The company also offers demo accounts, as well as three different live account types that include micro and ECN for metatrader 4 and ECN for ctrader. All account types can trade silver and gold, but the number of currency pairs allowed for each live account type differs, with 12 currency pairs allowed for the micro MT4 accounts, 28 pairs for the ECN MT4 accounts and 48 pairs for the ECN ctrader accounts. In addition, swap free accounts are allowed for both of the metatrader 4 account types, while ctrader accounts are swap free unless a trader leaves their position open over a weekend, in which case they are charged a rollover fee.

In terms of the amount of leverage available to traders, octafx offers leverage ratios of up to 500:1, and this ratio applies even to micro lot positions. Last, but certainly not least, those traders who wish to use strategies like scalping, hedging, news trading and expert advisers will not be disappointed in octafx, since all of those are permitted.

The broker also supports a demo account, which beginners can use to assess the platforms and the overall trading at the site.

Platforms & tools

Octafx will greatly please many forex traders since it offers support for the very popular metatrader4 and metatrader 5 online trading platform and its mobile apps. In addition to trade execution and order placement, these platforms offer extensive charting, technical analysis and portfolio management features. They also allow traders to use or write expert advisers that can automate dealing activities.

The screenshot shown below illustrates the basic functions of the octafx installation of metatrader 4, which includes market monitoring, charts and technical analysis, on screen trade execution, trade history and account management features.

The broker also supports the increasingly popular series of desktop and mobile app trading platforms offered by ctrader, which has interesting features that metatrader does not offer.

Asset classes

Octafx supports an impressive range of tradable asset taxonomies. CFD trading is one, followed by cryptocurrencies, commodities, stocks and currency pairs.

As far as cfds go, scores of tradable assets are supported, on MT4 as well as MT5. The maximum available leverage on this asset class is 1:50.

The broker currently supports 3 cryptocurrencies (paired with the USD): BTC, ETH and LTC. Be aware that octafx does not sell any cryptocurrencies to its traders. Only CFD-based trading is possible on this asset class. The maximum leverage available on crypto cfds is 1:2.

Commodity-wise, octafx offers gold and silver as well as crude oil, among a number of other tradable assets. The spreads are quite decent, although in some cases they may shoot up above 3 pips.

A total of 4 indices are available on MT4 and 10 on MT5, in addition to an impressive number of individual stocks. The leverage is 1:50 on this category.

Currency pair trading carries the best trading conditions. The maximum available leverage here is 1:500 in most cases. Some 28 currency pairs are available on all account types. Spreads start from 0.4 pips on major pairs but they can go as low as 0 pips on the ECN account.

Commission & fees

The floating spreads on the micro account start from 0.4 pips, while the fixed ones start at 2 pips. On the pro account, spreads start from 0.2 pips and on the ECN one, from 0 pips.

Unlike the other two account types, the ECN one does charge a commission. It does not feature a markup however. The ECN account comes with a weekend fee.

Research & education

Education-wise, the official site of the broker offers a decent selection of video tutorials, as well as access to some basics on FX trading and strategies.

The tutorials section covers every featured trading platform and it goes into details on most of the available functionalities.

Customer service

Octafx offers 24/5 customer service that includes a live chat feature with a selection of three departments, in addition to support via e-mail and phone. The company also uses social networking sites like facebook, twitter, youtube and instagram to communicate with its clients.

With respect to educational materials, octafx offers various manuals to assist clients in using the two main trading platforms supported by the broker, which are metatrader 4, metatrader 5 and ctrader. These manuals cover such things as: basic trading platform functionality; ways to navigate around the platform’s interface; and tips on making successful trades. The company also offers a glossary and various tutorials for new traders on their website.

Mobile trading

The octafx trading app provides access to most of the tradable assets and it looks great on smaller screens.

It lets traders deposit and withdraw funds, enable swap-free options, modify leverage and edit and restore passwords. In word, it is a standalone trading solution, which lets traders handle every aspect of their octafx trading account on the go.

Conclusion

Although a relatively new broker on the scene, octafx has received several industry awards and overall good reviews from its clients, making it seem like a decent choice for a forex broker. This favorable perspective is further strengthened by their decision to offer an ECN/STP broker service, making their dealing spreads and order execution top notch.

Another positive factor for octafx is its support for the popular metatrader 4 trading platform and its newer competitor ctrader that offers some exciting and innovative features.

On the downside, this broker is very focused on currencies and precious metals, so those traders who also wish to trade stocks, other commodities and indices will probably have to find another outlet for trading those asset classes.

Octafx is an online forex brokerage, offering three trading platforms and access to scores of tradable assets. FX daily info named the brokerage “the best ECN/STP broker of 2019.” brokers using an electronic communication network and straight-through processing do indeed have a fair business model. They do not act as market makers or parties involved in trading against their clients.
In light of these facts, yes, octafx is indeed a legitimate online brokerage.
On the other hand, octafx used to offer binary options, a trading instrument now out of favor, that was not exactly the best herald of legitimacy. Again, the broker no longer features such a trading product.
In 2015/16, octafx was one of the sponsors of the UK football club southampton FC.

Letting the users decide whether a broker is a good one or not is the only reasonable way to answer that question.
Octafx is in an interesting situation on the user feedback front. They have good reviews and bad. Their score at most of the major review portals reflects this fact. This is what one would expect from a broker as old and reputable as octafx.
Most of their user reviews seem genuine, unlike those of some of their peers.

• some like the trading conditions. The spreads are low, execution is quick and ECN trading is inherently fair.
• the availability of a swap-free account option is a major plus.
• the beginner-friendly nature of the broker.
• the quality of octafx support.
There are about as many complaints concerning octafx’s services as there are positive reviews.
• some allege that the broker charges a hefty fee on withdrawals, despite advertising otherwise.
• spread manipulation.
• problems with the trading platforms.
Octafx does have the potential to be a good broker. Not all users will agree with that assessment, however.

The minimum deposit with an octafx micro account is $5. If you intend to trade for profits, however, you should deposit more. The minimum deposit for a pro account is $500.

Yes. Octafx is regulated in several jurisdictions. In estonia, where its european base of operations is located, it is regulated by the local financial authorities. It used to possess a cysec license in the past as well.
In st. Vincent and the grenadines, it is licensed by the SVGFSA. Its license number is 19776.

Octafx currently maintains offices in estonia and st vincent and the grenadines. The exact addresses of these offices are:
• harju maakond, tallinn, lasnamae linnaosa, sepise tn 9// valukoja tn 8-110, estonia.
• suite 305, griffith corporate centre, beachmont, kingstown.

James west

Having started his online career back in 2005, over the years, james has written for scores of websites, covering online poker, esports, forex trading, binary options, and digital ledger technology. Continued

Comments on octafx

Im so annoid. Like some how you know how to trick people. I have been waiting for my withdrawals for 5 days now. This is not what terms say. This is violation.

Worst part I do the follow ups. You just sit there and claim you keep good work ethics . I want my money octa fx

Hi,
have you contacted their support and asked?

Best regards,
fxexplained.

$3000usd fee for withdrawal!

After making 12.5 lots and requesting a withdrawal request, they are charging me 3000USD of commission for deposit and withdrawal where their page is full of ads that are free.

Thank you for your comment.
Have you spoken to their support regarding this?

We asked our team to look into your complaint. If we’re not mistaken, the commission was reimbursed back to you.

If there’s anything we can do for you please, do not hesitate to contact us.

Honest octafx review and test for traders

review:	platforms:	spreads from:	leverage:
(5 / 5)	metatrader 4/5, ctrader	spreads from 0.2 pips	up to 1:500

The octafx broker for a long time in european countries has been providing services to traders in more than 100 countries. You might be surprised, the company is currently serving more than 1,500,000 traders. Here, according to the ECN (electronic communication network) model, the platforms can be selected.

In this review, we will show you all the details you need to know about octafx. Is it really worth investing your money there? – find out in our octafx review. Learn about the trading conditions, platforms, and special features for customers. With more than 8 years of experience in the trading industry, we checked octafx in detail.

What is octafx? – the broker presented:

You may know that there is no guarantee of making money in online FX trading. So we think it is very important to move towards the trading platform with your prudence, practical humanity, and knowledge. To be successful in online trading you need to go through many steps like practice, time, patience, and much more. Octafx gives you some of these opportunities so that you can deal with or defeat the market. The broker transmits clear-sighted market knowledge while maintaining the specific skills required to make money online which will give you a much higher balance of profits from losses.

Octafx is one of the best international forex and CFD broker. The main client base of octafx is in europe. This company has been providing opportunities for traders to invest in the market for a long time since 2011. A big advantage of this platform is that traders can easily determine the rate of low wages. Also, octafx helps to guess the speculation about their increasing rate.

More than 2,840,000 of the essential bonus fund was valued in that field. Here octafx is commission-free euro or USD only 0.4 pips! It helps maintain a highly competitive cost structure in emerging markets. The broker supports copy trading to support social businesses. Autochartist pro also supports traders in a wide range of ailments through manual support. Traders come to the octafx offer for the experience of ctrader trading and the metatrader platform.

Facts about the octafx company:

Founded in 2011

Based in cyprus and st. Vincent and the grenadines

Supports copy trading

Professional trading platforms

Low trading costs

Education for new traders

Supports international clients

(risk warning: your capital is at risk)

Regulations and safety octafx

All online trading activities are regulated by government financial authorities, so trades play a very important role. The license used in trading helps to build a confidential relationship with the customer and build a strong foundation. Every broker has to meet certain rules and criteria to get this government license. If a broker violates the rules or attempts to commit fraud, the license will be permanently revoked.

The octafx broker has several licenses, which bring some great benefits for traders. Octafx holding plc is regulated by cysec (EU) which can give you maximum benefits. The broker has also a dealer license in mauritius (FSC). In this case, traders can make all their own decisions. There is a huge potential for independent limited business without any leverage.

Octafx is regulated by:

FSC (mauritius)

Cysec (EU)

Trading conditions for octafx traders – what are the offers?

Forex and CFD trading is very popular nowadays. Private traders like these assets a lot because they can access global financial markets using little capital. Also, you will get the opportunity to increase more profit from octafx. Traders get the opportunity to use maximum leverage 1:500 here. With your small capital, you can easily transfer higher numbers to the market.

Octafx trading conditions

The minimum deposit you can invest is 100$ or 100€ which is guaranteed at a much lower price than other brokers in the market. It is the best of octafx to make a conventional offer that you can apply and accept. You can enter the financial market with very little capital (0.01) lot depending on the position. The octafx broker offers different offers to the clients according to the package, based on the account type.

More than 100 assets are available on the platforms. That includes:

Forex (currencies)

Indices

Metals

Cryptocurrencies

Stocks

Investing here means to trade currency, cryptocurrency, any product, stock, and much more. Shares of octafx are excluded from the market subject to the terms of the german stock exchange and the american stock exchange. Many other parties use these shares on favorable terms. Octafx assets are always dependent on the current market.

Although variable spreads are offered in these trade markets, a higher spread may be transmitted depending on the number of customers. You can compare it to the initial or general trading of the stock market. But here the average of the spreads is calculated as 0.4 pip in forex. If you want to get it out of the stock index it will be less than 1 point. Even better if you expect a high rank spread then the black account can help you in this regard. You can use the RAW spread account as an alternative. You will always find many offers here.

See the table for spread comparison at octafx:

In some cases, special offers may be offered in this trade. Such as:

The first step is a free demo account.

The minimum deposit is only $ 100 or € 100.

Leverage will be between 1:30 and 1: 500.

Spreads from 0.4 points

Different account types available

Platforms: metatrader 4/5, ctrader

Opportunity to execute orders quickly

Short trading possible

No hidden fees

Islamic accounts possible

Trading without swap fees

50% deposit bonus is possible

(risk warning: your capital is at risk)

Test of the octafx trading platforms

Every professional forex broker must have a reliable trusted trading platform for trading. Traders use several tools to gather information on what kind of analysis traders are using in this trade market. See below to know about the various available platforms of octafx.

These are the available platforms of octafx:

Metatrader 4

Metatrader 5

Ctrader

Metatrader 4

Metatrader 4 is a platform that any user can use with ease. Because this trade is a process that is extremely flexible, fast, secure, responsive. Any customer can also use this platform for forex and CFD trading. It analyzes transactions in financial markets and provides secure and fast access. Users of octafx can ensure traders’ advanced access to trading operations in a reliable environment. Octafx trading is an international broker so it supports many languages. It is also very popular as it can automatically supply trades to the market. Also, MT4 has more advanced charging capabilities, it is fully customizable.

Metatrader 5

Metatrader 5 is one of the most popular trades on one of the most popular platforms in the world. MT 5 is the world’s number one multi-asset platform provider of futures, forex, CFD, exchange-traded instrument trading. Investors choose MT 5 as the best investment platform. This market has a large number of customers because this platform is very easy to use. MT5 includes level 2 pricing, robotic system trading, higher chatting, VPS support, education market. There is also the ability to provide free market data and news. The MT5 can also be said to be an automated trading option.

You can use the metatrader supreme edition platform to improve your business because the most advanced tools are applied here. We believe it improves the customer’s business experience. You can try using live and free demo accounts to enjoy this platform. Octafx MT5 and MT4 have powerful global widgets for feedback. This widget improves forex trading performance. Metatrader 4 and metatrader 5 play a major role in rapid order reversal and hedging promotion.

Ctrader

The ctrader is also offered by octafx. It has similar features to the metatrader platform. Here you can get a deeper look into the order flow and liquidity of the markets (level 2 market depth). Robot trading is supported and several chart types. With the ctrader, you will have access to the ECN market (electronic communication network). With ECN trading the conditions are better than with the metatrader accounts. From our reviews, you should use the ctrader for trading. It also supports customized indicators and tools.

Web trader/charting and analysis

Webtrader is a popular and convenient trading platform like MT4 and MT5. This trade allows traders to trade through browsers from anywhere. You can trade securely at any time in web trader. No download is required to get started. Works very fast without any OS choice. User-friendly (easy to use) can be done on the octafx platform. Web trade is much more advanced. Web trader works much faster.

Mobile trading:

MT4/5 and ctrader is one of the top software on the android platform on mobile. It has been designed by octafx markets for traders in a way that is easily accessible on mobile. Octafx clients allow them to access trading on any android device. Being mobile-friendly, it offers many benefits to clients or merchants. Octafx customers may not be able to place orders using mobile devices, where they will be able to perform basic technical analysis on the full chart. Customers will be able to do candlestick, line chart, bar chart, tick chart using excel on mobile.

Octafx allows mobile trading (app)

Octafx helps customers to know the basics by using the mobile trading app in the market. The mobile trading app encourages the customer to increase investment. See below the benefits you will get in the mobile app for metatrader 4/5.

Opportunity to watch live FX quotes, a chart with the display, platform customized, indicator add, broker’s clients can get a massage, market news, read and see broker news, all types of orders use. Time frames change, access trading history, and mobile access for online trading carry friendly and useful features.

The current market situation is quickly available in the metatrader 4/5 mobile application. The application is of course used for FX trading and it can be said to own a few powerful charting of all mobile applications.

(risk warning: your capital is at risk)

How to trade with octafx

Which market you trade your investment in depends on your choice.

Before any broker enters the market, you should know whether the market is moving upwards or downwards. It is up to you to decide whether to buy or sell stock spreads in this market. If you see a drop in the market price then you need to click on ‘sell’. On the other hand, if you see that the price has increased, then click on the ‘buy’ button.

Octafx order mask metatrader 5

You need to add stop-locks here urgently. Because when you move too far away from your location, you can secure your location through a certain process. Brokers can track trade market prices as well as place their trades in the trade market. You can also focus on real-time gains or losses.

How to open an octafx account

You can open a demo account on many topics at octafx. You can open a demo account accordingly by looking at the offers. It is very easy to open a demo account with the octafx and you will get this account quickly. To open an account you need to use your name and an email as well as a strong password. If you do not provide your full name and email address, the account will not be created.

For trading with real money, you will need to verify your account. That means octafx will require some documents to verify your identity. Just answer the questions in the account dashboard and upload the documents. The broker support can help you with that. The process can be over in a few minutes.

Opening account with octafx

Octafx offers different types of account:

The accounts that you can create with octafx are metatrader 4 micro, metatrader 5 pro, and ctrader ECN. We will talk about an account here for your convenience.

Metatrader 4 micro account

You can start with the micro account by depositing only $ 100. The account has floating spreads or fixed spreads. It is the best account for beginners because it offers micro-lots. That means you can open very small positions in the market.

Minimum deposit $ 100

Metatrader 4 platform

Floating spreads from 0.4 pips

Fixed spreads from 2 pips

Leverage up to 1:500

No commission

Micro-lots

Best for beginners with small amounts of money

Metatrader 5 pro account

The pro account is for traders who want to trade with more money and higher volume. The conditions are better than the micro account. The minimum deposit is $ 500 and the spreads are starting from 0.2 pips

Minimum deposit $ 500

Metatrader 5 platform

Floating spread from 0.2 pips

Leverage up to 1:200

No commissions

No swaps

3 days fees

Ctrader ECN account

ECN trading means investing in the market with raw spreads and deep liquidity. The ctrader is a good platform for professional traders who want to trade high volume with order flow. The minimum deposit is only $ 100. You will get real ECN access. The spreads are starting from 0.4 pips and you have to pay a commission per trade.

Minimum deposit $ 100

Ctrader platform

Spreads from 0.4 pips

Commissions from $ 3 / 1 lot trade

No swaps

Weekend fee

Demo account

You can use a free demo account to evaluate the platform first before depositing. Your virtual credit will be included, in the demo account with 10,000$ automatic funding. It will be deleted from the account after 30 days. Octafx clients submit this demo account so that the customer can be aware of all the tools.

Is there a negative balance protection octafx

Trade market clients think about broker protection before investing. The broker provides customers with maximum protection from investing. Octafx eliminates fears by traders by applying the best tools to ensure additional funding. In some cases, account balances can be negative. Because there is no negative balance system. Octafx can lose its unbalance in extreme market conditions. There is no reason to worry, the broker automatically shuts off your positions as soon as it is detected.

Octafx negative balance protection

Deposits and withdrawals with octafx:

As discussed above, the minimum deposit for opening a real trading account is $/€ 100. You can use for the deposit different payment methods. The available payment methods are:

Bank wire

Credit cards

Cryptocurrencies

E-wallets (skrill, neteller, perfectmoney, and more)

On most payment methods there are no fees for depositing and withdrawing money. Octafx will not charge additional fees but the payment provider can do it. The fee is depending on the payment methods but most payment methods are for free. The deposits can be instant by electronic methods. With a bank wire, you have to wait 3-5 days to credit the money into your account. Withdrawals with octafx are very fast too. It is depending on the time of the day, sometime the withdrawal is made in a few hours. The maximum time amount is 3 – 5 days for a withdrawal.

(risk warning: your capital is at risk)

Octafx accepted countries and forbidden countries

See below the countries that can access octafx trading:

For a long time in the octafx trading, argentina, australia, austria, bahrain, belarus, brazil have been trading deposits. Also, bulgaria, china, croatia, cyprus, czech republic, denmark are far ahead in terms of business investment. Renowned european countries such as estonia, france, finland, germany, greece, hungary, india, ireland, israel, and italy are directly involved in octafx investment. Octafx includes many more countries, including kuwait, malaysia, malta, mexico, monaco, the netherlands, norway, latvia, and liechtenstein. However, lithuania, luxembourg, oman, poland, portugal, russia, saudi arabia, slovakia, slovenia, south africa, sweden, spain are still trading here. Octafx allows direct deposit transactions to switzerland, thailand, the united arab emirates, the united kingdom, and qatar.

Octafx trading does not give or receive access to US customers in any way.

Each of the countries you see here has the support to join the broker octafx. This company is a very large trading platform so you can safely place your deposits or assets here. Moreover, there is support for a minimum deposit.

Special offers:

There are some special offers from octafx. It supports copy trading and a deposit bonus of up to 50%. In the following section, we will give you more details on it.

Octafx offers a copy trading service to its clients. That means you can copy the trades of other traders or get copied. You do not have to be a forex expert to make money with octafx. You can search for a profitable trader and invest in their trader one by one. It is also possible to diversify your portfolio by invest in more than one trader for better risk management.

With octafx you have always control over your portfolio and the copied trades. It is very easy to manage. Just deposit money into your account, pick a successful trader, and start invention.

Copy professional traders 1 by 1

Full control over your investment

Follow the best traders

Earn money automatically

Get copied and earn additional money

Easy to use

Deposit bonus

Octafx offers a 50% deposit bonus. You will get additional money to increase your margin if you activate the bonus. But first of all, you can not pay out the bonus, you can only use it to make more profit. For withdrawal of the bonus, you have to do a certain turnover in trading volume (the bonus amount in lots divided 2).

50% deposit bonus

Increase the free margin

You can withdraw the bonus after doing the bonus conditions

The bonus is available for all deposits over $ 50

Conclusion on the octafx review: recommended broker

By now you must have got a great idea about octafx. We would say from our experience that this broker has its license so you can use deposits or assets in this market. Octafx has long been involved in investing and it is directly regulated by the government.

The number of customers of this company is increasing day by day. So octafx proves that it is a reliable trading platform. If you search for it in online brokers, you will first see the name of the octafx. It also controls everything through the provision of powerful software and allows customers to access the account through the mobile app. If you want to gain a transparent trading experience, create an account with octafx broker. You can get something great, from the offers of this company. You will even get the opportunity to get involved in the business with very little profit.

Overall it is a professional provider for forex and CFD trading. The trading conditions are very good and the trading fees are low. In addition, copy trading and a deposit bonus are offered. Deposits and withdrawals are working very fast.