OctaFX - Forex Broker Review
Forex Broker OCTAFX Review
Founded in 2011, OCTAFX is one of the very most popular online CFDs & forex brokerage, no concerns. Having clients from more than 100 countries the business is acknowledged globally for offering lower spreads because of their clients on the market and award-winning customer care with a dedicated customer care team.
The brand is had and supervised by OCTA Market segments Incorporated, an organization registered on the Hawaiian islands of Saint Vincent and the Grenadines. Their recorded office is situated at Cedar Hill Crest, P.O. Pack 1825 Villa, St. Vincent and the Grenadines.
Though they may have listed in St. Vincent and the Grenadines but, its operating middle is go out of Jakarta, Indonesia. Because of this, it has centered on Asia as its major market, though it services customers in over 100 countries around the world. OCTAFX is governed by FCA. U.S. clients, sadly, aren't accepted at the moment.
Using the most advanced technology, OCTAFX can provide quality brokerage services to clients in virtually all over the earth. Working with full conformity of international regulatory benchmarks and legislation, OCTAFX aspires to get the satisfaction and trust of each consumer that they provide by fulfilling almost all their trading needs and requirements.
- OCTAFX have a good list of features. Find out a few of them bellow.
- Brokerage headquartered in Saint Vincent and the Grenadines and founded in 2011
- Governed by FCA;
- The broker has achieved 6 major industry awards for services in 2012 through 2014.
- STP/ECN format ensures no slippage, no re-quotes, small spreads, and fast execution.
- No trading room or coping office in ECN environment trading against you.
- Four consideration types can be found, which range from Micro to Minuscule for beginners, and ECN for advanced merchants;
- Customer service desk works on 24/5 basis on the market for 24 hours to satisfy your every dependence on assistance;
- cTrader program containing additional improvements.
- Metatrader4 variations available.
- Cutting edge Network ensures steadiness, great execution, trustworthiness, and profound liquidity from global bank providers;
- ECN set spreads start only 0.2 pips;
- Up to at least one 1:500 leverage with micro-lots (0.01 size) designed for everyone;
- Reliable segregated from the firm's operating capital so client debris is always placed in safe.
- Scalping, hedging, trading on the news headlines, and EAs are allowed at OCTAFX.
- The firm is actually conducting a competition or a fresh campaign for the good thing about its clients.
OCTAFX has provided their clients with an array of reliable and strong trading programs to choose from. They contain the MetaTrader 4 system, the MetaTrader 5 system and the CTrader system.
As much we know- Typically the most popular trading system in the web trading industry, the MetaTrader 4 comes completely equipped with a thorough charting package deal and a variety of technical indicators. In addition, it supports computerized trading by using Expert Advisors (EAs). It really is available in 4 different variations:
- MetaTrader 4 Desktop
- MetaTrader 4 WebTrader
- MetaTrader 4 Android
- MetaTrader 4 iOS
- MetaTrader 5
Added instead of the MetaTrader 4 trading system in 2016, the MetaTrader 5 is the latest trading system from MetaQuotes Software. Trade requests such as market purchases, pending order, trailing puts a stop to and stop purchases facilities as same kind of robustness as the MetaTrader 4.
Recently created to the world of online trading, cTrader can be an ECN trading program which allows stock traders to have immediate market access. It includes traders profound liquidity and therefore allows them to fully capture the best spreads on the market. The cTrader trading system is also available in 4 different variations:
- cTrader Desktop
- cTrader WebTrader
- cTrader Android
- cTrader iOS
OCTAFX Account Types
To focus on a diverse group of clients from more than 100 different countries, OCTAFX offers 3 different types of trading accounts:
- $100 Minimum First Deposit
- 28 currency pairs + 2 treasured materials
- MetaTrader 4 platform
- Advised for novices
- Up to 1: 500 Leverage Percentage
- $500 Minimum amount Initial Pay in
- MetaTrader 5 trading platform
- Recommended for experienced traders
- Approximately one particular: 200 Leverage Percentage
- Great deal Minimum Trading Quantity
- Below 0. 1 second Marketplace Execution
- 28 currency pairs + 4 metals, 2 energies and 10 Directories
- 5 decimal quotations
ECN BROKER Accounts
- $100 Minimum First Deposit
- 35 Currency pairs + 2 treasured mining harvests
- Floating Spreads
- Approximately one particular: 500 Leverage Percentage
It is very a natural matter to ask questions about the reliability of this broker that made its appearance in just 2011. The brokerage’s first and most important license to operate in the UK is provided by the British Financial Conduct Expert (FCA) which is a major regulator and viewed as the gold standard of regulation about this part of the Atlantic.
Nevertheless from your research conducted into OCTAFX, we’ve noted that they are regulated by some other regulatory authority.
The secondary license is about the permit to offer trading services, given under the International Business Companies Take action by the Saint Vincent and the Grenadines corporate authorities. Additionally, the broker is also regulated and accredited by the Caribbean Financial Services Authority (FSA).
The broker is praised by not only traders individually but also they have been granted several awards in identification of their achievements by Global Banking & Financing review. In 2012 simply a year after they began operation, they were known as the Fastest Growing Tiny Forex Broker. OCTAFX was also awarded as the Best Customer Service Broker Asia in 2013. Community Finance Magazines selected OCTAFX as the Best Broker Central Asia and the Best Forex Broker Far Eastern Europe and Central Europe by the same year.
In 2016 OCTAFX again reached new peaks as the Best Broker STP and other cession and awards. With so many distinguished awards under its belt, OCTAFX has definitely proven its dependability as an online broker to the industry.
Customer Service in OctaFX
Customer service reps in Jakarta, Indonesia are eager to provide support in several languages. Their particular support is available 24/5 business days - from Monday to Friday. Investors can contact the support team through email, live chat, or calling the provided support telephone figures.
Moreover, to guaranteeing that traders are maintained up to date with any developments affecting their trading activities, OCTAFX interacts with their trader using social media. In addition for the benefits associated with non-English speaking traders, OCTAFX's website supports several different dialects.
Since 2011, already 7 years of international, OCTAFX has already received several of prestigious industry awards and favorable recommendations, a good basis for choosing this relatively new entrant in the FX broker arena. OCTAFX offer an impressive services to offer you.
We mentioned that this broker is particularly friendly for newbie traders. The low minimal deposit requirement of $1000 ensures that anyone can open a live trading account at OCTAFX. In addition, their bonuses and competition offers are worthwhile mentioning as well. The bonuses have no expiration period hence giving investors a free of charge hand in deciding how fast they want to fulfill the minimal trading volume for the bonus cash payout.
OCTAFX also have taken considerable hard work to make it easy to request assistance by providing multiple channels of communication. The truth that their website is available in different languages is an added plus for non-English traders wishing to register with OCTAFX.
They are also mostly of the brokers inclined to share volume data online. For example, normally, 500 new clients, 60, 000 profitable trades, and $4 billion in value traded happen on a daily basis. OCTAFX also acts in international legislation and regulatory standards, local oversight with full compliance.
Aside from the attractive cash given out to champions of the trading tournaments, the regularity of these competitions permits traders to use them to expand their trading skills at no risk with their accounts balance.
As far - OCTAFX have managed to win the hearts and opinion of many of their clients with the effort and dedication that they put into providing highly rated services to their clients. If you are seeking in the market for a reliable and trader friendly forex broker, OCTAFX certainly comes recommended. "