3.54 37 Reviews
3.54

OctaFX Review Summary

OctaFX is internationally recognized for offering the lowest spreads in the industry. OctaFX is an excellent CFD and Forex customer trading provider in more than 100 countries. 5 Reasons for trade with OctaFX:
  • Customers love OctaFX for its simplicity and reliability
  • Start trading with a minimum deposit of $5
  • Improve your productivity and get a free 50 percent bonus for each deposit
  • Trade at prices that you see with immediate execution
  • Charge no fee on deposits or withdrawals
  • Ordinance
We can conclude that OctaFX is a renown broker that is regulated as it should be by major authorities, including having a license from the Financial Conduct Authority (FCA) from UK. Octa was also licensed under license number 19776 IBC in Saint Vincent and the Grenadines in 2011. They operate in complete compliance with international legislation and regulations.

OctaFX Review Highlights

Trading Platform: Metatrader 4/5, MT4/5 Mobile for Android/iPhone, cTrader, cTrader WEB, cAlgo
Cryptocurrencies Yes
Regulator FCA
Minimum Initial Deposit 100 $
Leverage 1:30 | 1:500

Pros & Cons

Pros
  • OctaFX provides negative balance security worldwide even if it is not needed by regulation.
  • They are award-winning brokers who have received a variety of awards in the market.
  • They are well-governed by CySEC and have a very strong history of enforcement.
Cons
  • Restricted options on trading instruments
FREE TRADING ALERTS SIGNALS TRADE THE TOP CRYPTOCUREENCIES AVAILABLE IN MULTIPLE COUNTRIES
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Copytrading OctaFX:

OctaFX Copytrading is an chance to follow and copy traders in an automated way and spending less time honing your trading strategy. Select from the best Masters of Forex and shake up your trading portfolio.

How this works:

  • Invest funds, choose your desired rate of income, estimate tolerable risks.

A short overview of what you are going to get with OctaFX Copytrading:

  • High rate of return: 20%+ of monthly earnings
  • No specialized information required – the best traders will work for you
  • No minimum deposit restrictions – You can start earning with a minimum of USD 5
  • No complicated software or downloads required – The tuning is done on the website or via the Mobile App.

Platforms for Trading:

MetaTrader4:

  • Simplistic interface easy to navigate
  • Built-in market for expert advisors and custom indicators
  • Tailored customizable charts
  • Reliable Virtual Private Server Services

MetaTrader5:

  • Stop Limit Orders
  • Integrated Economic Calendar
  • Advanced one-click trading tools
  • Highly customizable interface
  • Integrated development for EAs

cTraders

  • Level II quotes
  • Avoid trailing stop
  • Cloud service to store all accounts and models in one place
  • One-click trading and advanced chart trading
  • API for FIX

OctaFX Commissions and Spreads

OctaFX offers ultra-tight spreads. The quotes for OctaFX are quoted at up to 5 decimal places and start from as low as zero pips for their ECN accounts. There are no fee charges applicable to trade with OctaFX.

Instrument Spreads (in pips)

  • Minimum EUR/USD 0.4 pips
  • Minimum GBP USD 0.5 pips
  • Minimum AUD/USD 0.6 pips
  • Minimum USD/CHF 0.4 pips
  • Minimum EUR/JPY 0.6 pips
  • Minimum GBP/JPY 0.7 pips
  • Minimum NZD/USD 0.6 pips

Options for deposit and withdrawal:

  • Credit/Debit Card
  • Flow via bank wire
  • Neteller
  • Skrill
  • Payment methods for in Indonesia, Malaysia, Bangladesh, Pakistan, India, Thailand and Vietnam

Bonus & Promotions OctaFX

To reward the loyalty of their clients, OctaFX offers very generous bonuses and promotional programs.

  • Premium Deposit

Both MetaTrader-based accounts and cTrader-based accounts are eligible for full deposit bonuses of 10%, 30% and 50% respectively.

Concluding

After a careful review of OctaFX services and operations, we are pleased by what OctaFX has to bring to its traders. They genuinely care for customers, and their customer support team has proved to be the most supportive and knowledgeable in the industry. In addition, their incentives and promotional deals are worth mentioning. They offer a comprehensive education section and a free sample account with exactly the same requirements and implementation pace as the real one. It’s convenient for beginners or those who want to check OctaFX services without losing personal money. What’s more, you can win a real cash prize by entering one of their exciting Demo contests.

All seems to be quite clear, so we would definitely recommend that you try OctaFX.

OctaFX Registration

Founded: 2011
Broker Type: Broker
Languages Supported: EN, IN, ZH, PT, ES, ML, HI, BN, UR, VI, DE
Trading Instruments: Gold, Silver, Crypto, Indices
Account Types: Two account types
Expert Advisors: Yes
Social Trading: Yes
Hedging: Yes
Scalping: Yes
Commission: N/A
Inactivity Fee: Yes
Swap-Free Account: Yes
Mobile Apps: Yes
Demo Account: Yes
Prohibited Countries: USA, Belgium, Canada, Spain
Trading Fees: Yes, variable
Withdrawal Fees: Yes, minimal
FREE TRADING ALERTS SIGNALS TRADE THE TOP CRYPTOCUREENCIES AVAILABLE IN MULTIPLE COUNTRIES
official Wbsite >

CLAIM OWNERSHIP

If you are the owner of this platform you can manage this account. First you need to claim the ownership of the platform.

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OctaFX Reviews

37 Reviews for OctaFX

  • Vince O. says:

    Convey easy access to global market with low cost and excellent execution. A true embodiment of one world one account.

  • Cunningham says:

    You do get your money back but the experience is far from pleasant.

  • Omar Konter says:

    I’m only trading in Crypto currency on here. I’m happy with how user friendly this platform is but there are a couple of negatives that unless they change, I’ll be looking to find a better exchange.
    I’m guessing this goes in to the back pockets of OctaFX. It’s taking advantage of new inexperienced traders. Now that I know more about trading in this I am forced to go elsewhere for a happier trading experience.

  • Tris says:

    Spread can be too high

  • Anon says:

    I had a query and it took 4 weeks to get an answer.
    Commission rates are high.
    I like the social side – lots of clever people.
    Good and easy to use

  • Sad Mad says:

    Great Customer support.

  • Singh Piuth says:

    Carmen was very knowledgeable and insightful. She helped me resolved my issue promptly, to satisfactory standards.

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FREE TRADING ALERTS SIGNALS TRADE THE TOP CRYPTOCUREENCIES AVAILABLE IN MULTIPLE COUNTRIES
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