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OctaFX

OctaFX Featured Broker

OctaFX

  • Overall Rating
  • 5.0/5.0

    🏦Min. Deposit


    $100


    🛡️Regulated By
    💵 Trading Cost


    USD 4


    ⚖️Max.Leverage


                    1:500



    💹Copy Trading





    🖥️Platforms
    💱Instruments 
     

    OctaFX Overview

    Headquarter

    Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines

    Broker Type

    ECN/STP

    Broker Status

    Independent Broker

    Accept U.S Clients

    No

    Live Chat

    Yes

    Regulations

    CySEC (Cyprus), SVG FSA (Saint Vincent and the Grenadines)

    Address

    Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines

    Email

    [email protected]

    Website Languages

    English, Spanish, German, Portuguese, Hindi, Chinese, Malaysian, Indonesian, Urdu, Thai, Vietnamese and More

    Account Information

    Free Demo Account

    Yes

    Min. Deposit

    100

    ECN account

    Yes

    Account Currencies

     EUR, USD, GBP, SEK, DKK, ZAR, NOK, PLN, AUD, AED, CZK and More

    Maximum Leverage

    1:500

    Minimal Order Volume

    0.01

    Segregated accounts

    Yes

    Swap-free Accounts

    Yes

    MAM/PAMM accounts

    Yes

    Managed account

    Yes

    Interest on margin

    No

    Deposit/ Withdraw Options

     Wire Transfer, Credit Card, Debit Card, Crypto, Moneybookers, Perfect Money, WebMoney, Neteller, Skrill, FasaPay, Qiwi, Bitcoin, POLi, Sticpay, VLoad

    Trading Term OctaFX Overview

    Trading Platforms

     MetaTrader4, MetaTrader5, cTrader, MT4 WebTerminal, MT4 Android, MT4 iPhone Trader, MT4 iPad Trader, MT4 MultiTerminal, WebTrader, AutoTrade

    Precision pricing

    5 digits

    Type of Spread

    Fixed/Variable

    Commission

    Yes

    Lowest spread on EURUSD

    0.0 pips

    Scalping

    Yes

    Hedging

    Yes

    Expert Advisors

    Yes

    One-click execution

    Yes

    OCO orders

    Yes

    Mobile Trading

    Yes

    Web Trading

    Yes

    Gold, Silver

    Yes

    CFDs

    Yes

    Other Trading Instruments

     Indices, Commodities, Energies, Shares, CFDs, Cryptocurrency, Precious Metals

    Promotion

    50% Welcome Bonus

    Trading Contests

    No

    OctaFX Broker Review

    OctaFX is a forex and CFD’s broker, provide currency trading solution in the global market. They provide Metatrader and ctrader platforms. The broker was established in 2011. They are well regulated and a favored broker for good services. You can trade forex currency pairs, CFD, cryptocurrency, stocks, metals, etc. Let’s see their every detail you can choose as your trading broker or not.

    OctaFX Overview: why should you choose the company?

    The broker was founded in 2011, and the headquarter is located at Saint Vincent and the Grenadines;

    The company is Regulated by SVGFSA license no.19776 IBC 2011

    They achieve many industry awards for exemplary services;

    The offers STP/ECN service ensures no slippage, tight spreads, fast execution, and no re-quotes;

    Client support provides 24/7 on market days to fulfill client needs and solve client problems;

    Offer four different types of account for all level of traders, ranging from beginners to advanced level of traders;

    Metatrader trading platform and cTrader platform for advanced trading features;

    Good network stability, and excellent execution;

    They offer spreads starts as low as 0.6 pips;

    A client can take leverage up to 1:500 leverage with micro-lots (0.01 size);

    Trading on the news, EAs, Scalping, and hedging are permitted at OctaFX.

    Client deposits are held on different accounts from the company account.

    Regulation and Security

    As their regulation and base, they are providing service worldwide,

    OctaFX is registered in Saint Vincent and the Grenadines. SVGFSA license no.19776 IBC 2011

    They provide Negative balance protection and client funds are held from the company funds.

    Account types

    OctaFX offers two different types of accounts. These accounts are designed for all levels of traders to provide full features and a special experience. Here are features of all trading accounts:

    OctaFX MT5

    Recommended for: Smart trader

    Floating, starting at 0.6 pips

    32 currency pairs, three energies, ten indices, five cryptocurrencies, gold and silver

    Maximum trading volume 500 lots

    Margin call/stop out level 25% / 15%

    Leverages are

    • 1:500 for currencies
    • (1:100 for ZARJPY)
    • 1:200 for metals
    • 1:100 for energies
    • 1:50 for indices
    • 1:10 for cryptocurrencies

    OctaFX MT4

    Recommended for: Habitual trader

    Floating, starting at 0.6 pips

    32 currency pairs, three energies, four indices, five cryptocurrencies, gold and silver

    Maximum trading volume 200 lots

    Margin call/stop out level 25% / 15%

    Leverages are

    • 1:500 for currencies
    • (1:100 for ZARJPY)
    • 1:200 for metals
    • 1:100 for energies
    • 1:50 for indices
    • 1:10 for cryptocurrencies

    Leverages are

    • Up to 1:500 for currencies
    • 1:200 for metals

    Demo account

    The broker offers a demo account. It’s completely free to start. The account mostly designed to practice trading but sometimes experts also play to check services. Both MT4 and MT5 platforms are available for demo traders. A fantastic thing is they offer demo contests regularly to make their clients happy.

    Islamic account

    It’s a swap-free trading account. The account is designed for Islamic traders. It also offers negative balance protection. MT4, MT5 and cTrader platforms are available for this account.

    OctaFX Trading platforms

    The broker offers MetaTrader trading platforms:

    MetaTrader4

    It’s one of the most popular trading platforms. The platform was established in 2005 by MetaQuotes Software. This platform features are:

    • CFD and Cryptocurrency trading
    • Clear and beginner’s friendly interface
    • Reliable Virtual Private Server service
    • Interactive, customizable charts
    • Expert Advisors and Custom Indicators

    MetaTrader5

    It is an updated version of the Mt4 platform. It is designed to provide more and advanced features. The most important components are:

    • Integrated development environment for EAs
    • Unique interface which is known as highly customizable
    • Stop Limit orders and built-in economic calendar
    • one-click trading tools and ultra-fast execution

    All platforms can be accessed via web browser, and the downloadable version available for both pc and mobile devices. Additionally, you can download apps from their website, apple app storeandgoogle play store. All apps and web version are completely free to download and access.

    OctaFX Deposits and Withdrawals

    The broker offers flexible payment options for their clients. They accept a wide range of payment options, including local and global. In addition, they get both crypto and fiat currency payments. Traders are eligible to use Skrill, Neteller, debit cards, credit cards, cryptocurrency and Bitcoin.

    The offers commission-free deposit and withdrawal, and there are no hidden charges. The deposit and withdrawal processing times are faster, but it may take up to 30 minutes to process deposits through bitcoin and cryptocurrency. The withdrawal time is up to 3 hours for every gateway.

    Promotions and bonuses

    This forex broker is well known for a different type of bonuses. The provides fantastic bonuses such as welcome bonus, deposit bonus and contests. They regularly offer a 50% deposit bonus on every deposit and superb competitions which prizes are cars, iPhone, trips and more.

    Client support

    OctaFX is a popular forex broker for good client service. They provide 24/7 client service on the market days. They provide client support via different mediums. Clients can get support via live chat, contact form, telegram and a few supports via social media. The contacts are:

    Also, there is a FAQ section on their website covering all common question answers, including the company, payment options, account options, etc.

    ‘OctaFX is a trusted experienced global broker that offers a user-friendly platform and a wide selection of trading instruments. OctaFX acts in full compliance with international legislation and regulation standards and guarantees fund security and negative balance protection to over 6.6 million trading accounts worldwide.’The OctaFX Trading App and the OctaFX Copytrading App are cherished by investors and traders for their intuitive interface—proven by corresponding awards and users' reviews in Google Play.


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