The firm’s idea behind the launch into the trading expanse was to be of service to high-skilled advanced traders by offering them a reliable and robust trading platform. OctaFX founded in 2011, OctaFX is a part of a group of global entities. OctaFX trading platform has headquarters in St Vincent and the Grenadines and the United Kingdom. They are generally well-suited for OctaFX to provide their Forex/CFD trading services to global clients. OctaFX measures its success by providing cost-effective trading conditions, along with a completely transparent service worldwide, regardless of how high its clients’ expectations are. OctaFX offers a wide range of trading account type suitable for any strategy and any level of experience. Asset list and leverage overview currency pairs 35 cryptocurrency pairs with 5 commodities and 5 metals. Our in-depth OctaFX covers everything you will need to know, whether you are florida sports betting to trading or you are looking to add more trading financial instruments and charting tools to your repertoire. FX empire does not endeavor third party. Let’s check out all the comparison feature of OctaFX & dig deeper into the OctaFX review.
|Headquarters||St Vincent and the Grenadines|
|Product offered||Forex, Stocks, CFDs, Crypto|
|Minimum Initial Deposit||$25|
|MetaTrader 4 (MT4)||Yes|
|MetaTrader 5 (MT5)||Yes|
|Supported currencies||EUR, USD, GBP, JPY, CHF & More|
|Customer Support||24/7 Support, Email support, Social Media, Live Chat & FAQs|
Moreover, OctaFX now factors in all types of advanced traders and offers a variety of trading account types for their trading activity. Additionally, OctaFX is one of the most sought-after platforms due to its no commissions offer. OctaFX also has promising complex instruments, CFD tools that have high-scale competitive valuations, and insightful data for their users’ informed trades. OctaFX also has the DOW index tradable instruments on Metatrader 4 and MT5 trading platform. It is excellent for advanced traders who require high leverage trading accounts. OctaFX islamic account viewed on the page are all swap-free account, for use by muslims who want to trade forex. Forex risk disclaimer there is a high degree of risk involved in trading securities. This provides real time updates as well.
When it comes to OctaFX’s Customer Service, they are the best in trading compared to other platforms like UK forex brokers. Their support team is interactive and accessible at all times and responds to clients’ trading inquiries in no time. Octa Markets incorporated registered address is Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent and the Grenadines. It currently accepts clients from around 100 countries. You can get the best broker on this platform. In this platform the overall commission structure of trading depended upon the account type.
With no commissions and no fixed fees, OctaFX derives its revenue from the fixed spreads on the various underlying asset types it offers traders. OctaFX trading platform has been recognized as the best in the two most prominent categories: Best Forex Broker Asia and Best trading desk type ECN STP Broker by FXdaily.
What Is OctaFX?
Many broker reviews view OctaFX as the most reliant Forex platform out there. Its team is committed to providing spectacular trading services with no extra commissions. The platform helps advance the pursuits of traders and retail traders to get the most valuable outcome for their trading activities. OctaFX is at present operating via a Saint Vincent and the Grenadines subsidiary. This enables users to trade with an ECN broker under European regulatory oversight with enhanced levels of safeguards. Some brokerage won numerous awards such as best ECN broker 2020 according to World Finance.
The core mission of OctaFX is to ensure clients get a genuine and profitable experience. Moreover, OctaFX offers a 50% direct deposit bonus, a profitable loyalty program, and accelerated deposits and withdrawing funds. OctaFX offers mt4, mt5 and other trading platforms for trading CFDs on stocks. Beginner traders will benefit from well-through-out research tools and educational services. To learn more, please speak to an account manager or customer service representative. It also provides FX daily info.
OctaFX Metatrader suite is available for high-scale trading not only for skilled clients but also for novice traders. Currently, OctaFX is available for trading utility services and exchanges in more than 180 authorized and accepted countries around the globe. This company has also been regulated by the Cyprus Securities and Exchange CySEC 372/18, FCA (UK) 679306, and IFSA (St Vincent and the Grenadines) 19776 IBC 2011. It is important to note that while the FSA (Financial Security Authority) is responsible for policing international business companies (IBCs), it does not regulate online broker. As a non-dealing desk broker OctaFX simply offsets all orders with the liquidity providers to be executed at their end. Now users can access Forex ECN with 1:500 leverage. Any contract of financial instruments offered to conclude bears high risks and may result in full loss. All providers have a percentage of retail investor accounts that lose money when trading CFDs with the provider. Brokers who do trade without supervision of regulatory status and body do so at their own discretion. So the traders should always be careful in making their decision.
Read the facts you must know in this OctaFX before you open a trading account for the online trading platforms. We’ll review OctaFX for its products and services. We’ll also discuss the app, mobile trading, and the platform’s trading features in this OctaFX review.
As per the OctaFX reviews, it offers traders a variety of additional trading features such as the Copy online trading platform and the AutoChartist trading and research tools.
A Variety of Trading Account Type
Traders have the ability to benefit from the Metatrader 4, Metatrader 5, and cTrader and other social trading platforms. Account with OctaFX trading platform provides a variety of trading history and advantages. The mt4 mt5 and ctrader peculiarities service a host of trade types and the most convenient experience.
High-level Competing Scopes
There are 28 available base currency pairs and high-priced metals. All the pairs are at an affordable cost per trade with financial market execution in under 0.1 seconds.
Extensive Market Device Offerings
OctaFX broker provides a host of investor education top tier sources. This includes charting tools and trading signals. Additionally, OctaFX offers insightful educational tools for traders and organizes webinars. Your account option may be eligible for certain CySec: As for example, you would like to be protected for upto 20,000 euros from the Investor Compensation Fund (ICF).
Supports High Skilled Traders
To get the best features, a user needs to have an OctaFXplatforms, and select the top web trader strategy.
Trusted florida sports betting FX Platform
OctaFX support cryptocurrency network for the purpose of deposit and withdrawals on the online trading platform site. The cryptocurrency trading networks that are authorized are Bitcoin, Ethereum, Ripple, Bitcoin Cash, China UnionPay and Litecoin. An OctaFX trader can initiate the exchange pairs with as little as $100 and have the leverage of 1:25.
Services Offered by OctaFX
As per the OctaFX review, it basically offers two types of trading options – spot market trading and contracts for difference or CFD trading.
Currency Pair Trading
At OctaFX, a user can profit from 32 of the most volatile currency pairs. The highest leverage of these pairs is 1:500.
With OctaFX, users can avail CFDs of the ten most promising indices. The CFDs at OctaFX currently include markets such as NASDAQ, Dow Jones, and Euro Stoxx 50, to name a few. The CFDs are issued by a host of prominent stock market companies. The CFDs can be publicly traded on Mt4 Mt5 apps as well. As per forex market research,74-89% of retail investor accounts lose money when trading CFDs. Some investors are concluded as losers as they make bad decisions.
OctaFX provides users the ability to invest in commodities such as gold, silver, crude oil, and natural gas, to name a few. The highest leverage for gold and silver is at 1:200 and for the remaining commodities available at OctaFX, digital regulatory, it is at 1:50.
Cryptocurrencies are available on the MetaTrader 4 and MetaTrader 5 platforms. OctaFX supports trading in Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash. Litecoin, and Ripple. Additionally, these crypto networks are available on the mobile app with the Mt4 Mt5 platforms.
Is OctaFX Regulated?
OctaFX is regulated in Cyprus and Saint Vincent and the Grenadines. Their regulatory protection licenses are:-
- CySEC (Cyprus Securities and Exchange Commission CySec): 372/18.
- Saint Vincent and the Grenadines FSA (Financial Services Authority): 19776.
OctaFX Reviews: Pros and Cons
OctaFX pros and cons are as following:-
|OctaFX provides traders with low trading spreads for the purpose of a scalping trading strategy.||US clients are not authorized to access OctaFX. OctaFX regulation in major jurisdictions, which puts it at a severe disadvantage compared to other trusted trade forex brokers.|
|OctaFX has the best possible market volatility valuations for trading instruments.||There are not a lot of tradable funds for users to share assets. There are only 40 trading asset classes.|
|OctaFX services give traders the opportunity to perform accelerated exchanges in the trading market ecosystem.||OctaFX does not offer its traders the stop loss order feature.|
|There are no commission free trading.||The trading instruments provided to users are not that many for high-scale trading activity.|
OctaFX Account Opening Process
To start trading with the most high-grade Forex company, As per the OctaFX reviews, it requires a user to register and make their own personal account. OctaFX is an user friendly platform for the traders.
To have an OctaFX Login ID, account verification, Users need to fill up a regulatory digital form to authorize their email ID. After the form is filled diligently, the user has to email OctaFX’s accounts unit to authorize the identification certificate of the country of residence. This includes passport and service bills. This authorization procedure is followed as part of the KYC compliance of the country of residence.
After all the user identity provided is authorized by the accounts unit, the user can start trading on the platform. With login access, guarantee limited orders, users can initiate their trading investments and exchanges to gain valuable returns.
Types of OctaFX Accounts
According to the OctaFX review, it provides three trading platforms of different trading account types, namely the MT4 Micro account, the MT5 Pro account, and the cTrader ECN account with real time updates.
To start trading you will need to create Trading Accounts in your Personal Area. OctaFX MetaTrader 4 account also known as the Micro Account at OctaFX is generally offered to novice investors. The reason for MT4 being ideal for florida sports betting traders is because it allows them to invest small funds, thus the term ‘Micro Account’.
OctaFX MetaTrader 4 trading,fixed spreads are initiated from 0.4 pips.
Notably, for the MetaTrader4 account, no fees are imposed on the users, and the minimum deposit that is applicable on this trading account is $100. Additionally, the leverage for the mt4 account is at 1:500 for fiscal currency.
As for metals, the leverage is at 1:200. For cryptocurrencies, the leverage is at 1:2, and for indices, the leverage is at 1:50. Stock market indices offer low trading costs entry into the financial market markers.
Furthermore, the mt4 account has the facility of 28 fiscal currency sets, leverages of gold and silver asset classes, three prominent cryptocurrencies, and four well-known indices. Since stock indices are not physical assets, they can be traded via products that reflect their price movements via the OctaFX CFD trading platform.
The Pro Account is commonly known to traders as the MT5 Account and is offered to high-level, experienced traders. The C-Suite Forex investors have the facility of an MT5 account to profit from the lowest trading spreads. These trading spreads in the Pro Account are economically feasible when it comes to exchanging compensations.
Notably, for the MetaTrader 5 account, no fees are imposed on the users, and the minimum deposit that is applicable on this account is $500. Additionally, the leverage for the mt5 account is at 1:200 for fiscal currency. As for metals, the leverage is at 1:100. For cryptocurrencies, the leverage is at 1:2, and for indices, the leverage is at 1:50.
Furthermore, the mt5 account has the facility of 28 fiscal currency sets, leverages of four metals including but not limited range to gold and silver asset classes, three prominent cryptocurrencies, and 10 well-known indices.
The ECN Account is commonly recognized by traders on the site as the cTRader account. These trading accounts are available to progressive investors that are in need of more enhanced precision in their trading valuations.
Notably, for the ECN account, no fees are imposed on the users, and the minimum deposit that is applicable on this account is $100. Additionally, the leverage for the cTrader account is at 1:500 for fiscal currency. As for metals, the leverage is at 1:200. Moreover, users have the ability to trade from the OctaFX trading platform with 28 currency pairs (live quotes) and metals such as gold or silver.
The regulated broker compensation for a cTrade account depends on the changes in the market florida sports bettings. Traders need to analyze the current market while selecting this type of OctaFX broker account for their FinTech exchanges and business ventures.
In addition, the brokerage businesses listed on OctaFX trading need to abide by a limited regulatory protection authorization mandate. Furthermore, users can profit from the OctaFX website as it provides Forex trading signals peculiarities for brokerage profits and the trading margin requirements for a broker. OctaFX broker has been recognized as the Best trading desk type ECN, STP Broker by FXdaily.
Before diving into Forex trading with a live trading account, it’s best to open a risk-free Forex demo account. As OctaFX review suggests, its Demo Account provides the same Forex trading experience as real accounts. The OctaFX Forex Demo Account is essentially a practice account. You just need to sign up and create one in a couple of clicks to get started. The only difference is that the funds on the Forex demo account are simulated. There are no demo contests in Octafx for the traders. Just one click is enough.
OctaFX Trading Platform
OctaFX trading platform offers a very well-known three account types platforms: mt4, mt5, and cTrader platform.
The OctaFX broker website functionality of MetaTrader 4 software implements very identical operatives of the desktop platform for high-skilled charting services. This gives Forex traders the chance to use a well-curated market trade ecosystem.
This Metatrader 4 (mt4) functionality allows a seamless process for digital trade ventures with an array of exchange tools to choose from.
The mt4 Micro Account website provides the lowest trade spreads. With the mt4 account, traders have the opportunity to make use of 39 profitable trading tools. The EUR/USD listings of the mt4 account have a traditional trading spreadsheet of 0.7 pips. The number of trading instruments available with the MT4 Micro account includes 28 currency pairs as well as gold and silver.
OctaFX broker facilitates the MetaTrader 5 (mt5) Pro Account, the most profitable amongst C-Suite investors and novice traders as well.
OctaFX Metatrader 5 (MT5) trading platform has the most seamless interface and software. In addition, florida sports bettinger products have been implemented in the MT5 Pro network functionalities. These modish offerings have enhanced the comprehensive trading platform. The multiterminal doesn’t support automated trading scripts such as expert advisors.
OctaFX Metatrader 5 brings to the table an enhanced level of automated trading indicator products and significant trading chart patterns. Additionally, for the trader’s pursuit, they have 21-time stamps of trading, graphs, assistance for additional order products, and a financial transactions for economic calendar for trading platform activities, to name a few. The exclusive mt5 pro account gives investors the lucrative offers of 45 trading devices with a deposit of $500 and compliance with enhanced margin requirements.
The online trading platform ( MetaTrader 5) is available on the IOS apple store and Android devices with all the data contained in this website.
The OctaFX cTrader feature offers investors an expanse for more adaptable Forex and best brokers exchange. Moreover, the cTrader platform can be curated according to the needs of the trader. The OctaFX ctrader is a leveraged asset for fixed API and the benefits of 26 trade time open positions data.
The OctaFX cTrader mobile trading app provides a premium account for mobile trading platform.
The cTrader is available on all devices and platforms of iOS, Apple app store and Android. An added advantage is that cTrader is available for mobile trading apps as well. cTrader makes it easier than ever to create and save chart templates for future use both in cTrader and cAlgo.cTrader Web platform brings transparent pricing, lightning-fast speed, and all the OctaFX features to your browser.
OctaFX Copy Trading
OctaFX offers “Copy Trading.” Copy-trading gives business associates of OctaFX the opportunity to very easily copy their trading signals from a host of other investors in the market florida sports bettings. Moreover, the social copy trading features have a very convenient and optimal interface for users to maximize their trading profits. OctaFX Copy Trading platform is a top-rated service among the company’s clients.
You can put your investment objectives to work with the OctaFX mobile trading app by viewing the Master Rating to decide whom to invest with.
With the assistance of Copy Trading, business associates can review their trading portfolio, track their exchanges in the market, and utilize the trading strategies for optimal results.
OctaFX Review: Leverage
The OctaFX broker leverage is a digital credit provided by the firm. The higher the user’s leverage, the lower marginal compliances will be. For instance, if a user has no leverage (ratio 1:1), they will need 100 000 EUR to open 1 lot of EUR/USD pairs. If their account leverage is 1:200, only 500 EUR will be required. Also, the maximum leverage OctaFX offers is 1:500. For this lucrative offering, the user will need 200 EUR to open 1 lot. This will allow you to managed account which would modify higher leverage. Octafx does not provide any institutional accounts to the traders. The deposit is commission free.
For all OctaFX account order types, the maximum leverage is at 500:1. However, this access leverage offers negative balance protection. With the balance protection measure, the user will not lose more detail than depositing funds. OctaFX puts all clients funds in a segregated account and uses tier-1 for this. The balance protection assures the user’s trading accounts does not fall below a zero valuation.
OctaFX Review: Fees
OctaFX broker doesn’t charge users fees when they register with their trading platform. Additionally, there are no pre-mandate trading fees applicable on joining the platform. OctaFX trading fees spread and commissions start from US Dollar 7 with spreads as low as 0.0 pips. OctaFX broker has a low and incredibly competitive spread when compared to what other brokers offer by offering a spread list that starts from 0.0 pips along with commissions charged from US Dollar 0.02 per 0.01 lot using the ECN CTrader account.
On the user’s Micro Account, trade swaps are available. However, the Pro Account Type does have a compensation of only three days for algorithmic trading swaps. know more about its fee structure by clicking here.
Deposit & Withdrawal Options
To deposit and have the opportunity of funding prospects,OctaFX clients can deposit options through multiple payment methods such as Bitcoin, Credit Card, Skrill Neteller, bank transfer and Wire transfers. OctaFX has over 50 different options of payment methods, the availability of which may also depend on your country of residence. When it comes to local banks account options transfer payment methods, the deposit clearing takes a few days.
Deposits with local banks are processed within one or three hours, credit/debit card, bank transfer, Skrill Neteller and e-wallet deposits are instant. Whenever you make deposits into your OctaFX live account, you are given a certain deposit bonus; these bonuses are meant to give you extra power to make trades. Additionally, trading accounts can be opened in USD and EUR as well.
OctaFX Referral Program
For a user to acquire their private referral link, the client needs to authorize and make a deposit through their broker account or OctaFX wallet.
OctaFX Resources Offered
Both novice investors and high-skilled investors can benefit through quality and in-depth market insights into the market. Use OctaFX hosts live webinar, platform tutorials and educational articles sessions to gain knowledge on the current market conditions. These webinars are conducted in multiple languages for the accessibility of all users on international clients.
OctaFX trading also offers market insights on ECN exchange practices,high risk appetite that users can avoid during market exchanges, and strategies for optimal returns on investment advice. The Forex market exchange resources also provide analysis of the current market so that the user can make an informed decision. OctaFX produces market analysis and daily forex florida sports bettings which would help the traders. Octafx also keeping track of national holidays and global trading hours.
OctaFX Review: Promotions & Sponsorship
OctaFX offers traders 50% bonus promotions on each deposit they initiate. A required 100 lots are needed to credit the bonus offered.
For instance, if the deposit amount is $400, then OctaFX will provide bonus promotions of $200. The user needs to divide their bonus by half $200/2, which will give them 100 lots to credit the bonus offerings.
Secondly, for Indian associates, there is a Fixed Rate feature of $1= Rupees 55. With this fixed-rate, users can withdraw funds with their mt4 mt5 account at the same rate. Additionally, when users collect prize lots, they can exchange them for gifts as well, such as an android phone, laptops, google play and so on. It is worth mentioning that the broker does have a blog and a youtube channel.
In terms of Sponsorship currently, OctaFX is branding the Indian Premier League (IPL) team Delhi Capitals. In the past, it has sponsored sporting teams such as Southampton FC and Mitra Kukar FC Football leagues.
OctaFX Trading App
As per the OctaFX review, the mobile trading app offers the most convenient and optimal results at the clients’ fingertips.
The mobile trading apps are available for download on iOS and Android from google play. Traders can access all their registered trading accounts in one OctaFX app through their mobile apps. Additionally, they can even download separate apps for MetaTrader 4 (mt4), MetaTrader 5 (mt5), and cTrader, depending on their trading environment.
OctaFX Security Measures
With the security features of OctaFX, traders and retail traders can rest assured that their funds are well-protected. OctaFX would provide one click trading.
As per the OctaFX review, it regards security measures as a top priority of its business. The assets of OctaFX users are held liable in different trading accounts when it comes to world finance review. With this unique feature of storage away from an investment company, assets allow less access for additional purposes that are detrimental.
OctaFX users will be provided a negative balance certainty. With this feature, if the user’s account turns negative, the platform will convert it to a standard amount of zero mechanically. With this in place, the user will not lose out on funds that were invested originally at the start. This allows a lesser chance of falling into the risk of losing money rapidly on all the investments you made. OctaFX trading hours to specified period of time when participants are able to transact in the foreign exchange. This information provided would help the traders.
OctaFX Customer Support Team
In the majority of cases with trading, as per the OctaFX review, it is smooth and reliable, however in case you need any help or have any questions, the customer support team of OctaFX can easily be reached out through their most useful instructions, the live chat function. This live chat feature is available to Forex traders on the platform on the mobile devices app, WhatsApp, Social Media channels, Email, and most definitely on their website 24/7. The customer support team also has positive reviews.
OctaFX Review: Our Verdict
To conclude this CommSec review, OctaFX offers the best online forex brokers trading costs on the market. Its protected measures are regulated by the Cyprus Securities and Exchange Commission CySec, and it employs high-grade SSL encryption practices to safeguard users’ funds.
OctaFX has necessarily provided over four million traders steady access to global financial markets. OctaFX’s top priority is making the user experience great by providing negative balance protection to all their clients. With OctaFX offering CFDs along with other financial instruments, you can profit from the 10 most popular indices, OctaFX has a commitment to provide forex traders with the best experience, they not only have tied up with tier 1 liquidity providers but we avail legendary MT5 Trading Platform. Apart from trading costs, one area where OctaFX really stands out is the absence of fees for its speedy deposits and withdrawals. Most reviews recognize OctaFX focuses on delivering top-quality service, strong customer support, and cost-effective trading conditions. Guaranteed stop loss no negative balance protection would be provided. Final thoughts of OctaFX will give full Metatrader suite, with fairly limited offering.
Is OctaFX safe and Legal?
According to the company’s website, it is fully compliant with international legislation and allowed to operate worldwide.
Can I Withdraw Money from OctaFX?
With the OctaFX trading platform, clients have the ability to credit a withdrawal in less than one second. The withdrawal processing times do not have any compensation fees or deposit compliances. This has a money safe guarantee.
Who Owns OctaFX?
OctaFX is under the authority of Octa Markets Cyprus Ltd and is registered in St Vincent and the Grenadines. Octa Markets Cyprus Ltd is authorized and regulated by Cyprus Securities and Exchange Commission CySEC with license number 372/18. Octa Markets Cyprus Ltd aims to establish a reputable, reliable, fair, and transparent Forex Broker.
What Is the Minimum Deposits for OctaFX?
For OctaFX users, they can start trading with a minimum of $25. The minimum deposits can vary depending on your region and the payment provider. Any applicable minimum amount also depends on your country of residence and which OctaFX entity you choose to establish a trading account.
What Are the Advantages of Trading with OctaFX?
OctaFX values every customer and does everything possible to make their Forex trading experience with us positive and profitable. The company’s aim is to make the user’s experience convenient and outstanding, striving to drive Forex to a completely florida sports betting traders level. OctaFX offers market execution of less than a second,the deposit and withdrawal is commission free, lowest spreads in the industry, various deposit and withdrawal request methods, negative balance protection, and a wide range of trading for their suitable trading environment.
Is OctaFX a good broker?
OctaFX is a great trading platform with accessible starting deposits and a great variety of asset classes and trading instruments.