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OctaFx Review

Octafx

General Rating

3.59/5
4.5/5

Trust Score

4.50/5
4.5/5

User Rating

4.02/5
4.5/5

OctaFX Is A Well-established Broker Since 2011. OctaFX Has Headquarters In Saint Vincent And Grenadines And The United Kingdom. They Are Generally Well-suited For Octafx To Provide Their Forex/CFD Trading Services To Global Clients.

This Broker Has Also Been Regulated By Cysec 372/18, Fca (Uk) 679306 And Ifsa (St. Vincent And Grenadines) 19776 Ibc 2011.

Since Fsa Does Not Regulate Forex Brokers But Only Responsible For Policing International Business Companies (Ibcs), Octafx Remains Effectively Unregulated. However, This Fact Does Not Suggest Malpractice Or Fraudulent Activity By This Broker. In Reality, More Than 1,500,000 Traders From More Than 100 Countries Trust The Company, Which Should Be Taken Into Consideration When Evaluating OctaFX.

OctaFX Is A Significant Player In The Online Broker Industry, As Their Order, Execution Exceeded 288,000,000. They Also Welcome New Traders With Bonuses, With Over $2,840,000 In Bonus Funds Paid Out To Date.

OctaFx Company Information

Website: 

www.octafx.com

Established:

2011

Country: 

Saint Vincent and Grenadines and United Kingdom

Regulation:

CySEC 372/18
FCA (UK), 679306
IFSA (St. Vincent and Grenadines), 19776 IBC 2011

OctaFx Features

Interest Rate on Funds

Bonus Offers

Trading Contests

Trading By Telephone

Segregated Accounts

Affiliate Program

Islamic Accounts Available

 

 

OctaFx Account Types

OCTAFX Account Types

Apart From The Forex Demo Account, This Broker Offers cTrader Ecn, Mt4 Micro, And Mt5 Pro. To Successfully Navigate Your Trading Account, You Also Need To Consider About Leverage And Minimum Deposit. Talking About Leverage In General, The Maximum Leverage Offered By Octafx Is Up To 1:500. Meanwhile, You Can Open An Account With A Starting Capital Of $100

There Are Three Levels Of Trading Account:

cTrader Ecn: The Minimum Accepted Deposit Is $100. The cTrader Account Also Allows For Minimum Trading 0.01 Lot With Features Including Variable Spreads, Hedging And Scalping Strategies, Expert Advisors, Trailing Stops, Pending Orders, And One-click Trading. cTrader Ecn Is Compatible With Major Web Browsers And Offers Trading Through Apis.

Mt4 Micro: The Minimum Deposit At ActivTrades Is $100 While The Minimum Lot Size Across All Accounts Is 0.01 Lots. It Also Allows You To Use Hedging And Scalping Strategies Alongside Expert Advisors (Trading Robots) To Monitor The Market. Commissions Are Built Into The Variable Spreads. Traders Can Easily Build The System Around Their Own Trading Strategy, With Pending Orders, One-click Trading, Mobile Trading, Automated Trading, And Trailing Stop Options. Overnight Premiums, Or Swaps, Are Also Charged.

Mt5 Pro: The Minimum Deposit Required To Open An Account Is $500 While The Minimum Position Size Is 0.01 Lots. But Clients Are Provided With A Range Of Competitive Features, Such As Trailing Stops, Pending Orders, One-click Trading, Mobile Trading, And Automated Trading. The Account Allows Expert Advisors, Hedging, And Scalping, Ideal For Professional Traders. Mt5 Pro Taking Money From Variable Spreads.

OctaFx Commission & Fees

OCTAFX Commission & Fees

Octafx Charges A Combination Of Spreads, Commissions, And Swap Rates:

  • Mt5 Pro Account’s Current Spread Is Significantly Higher But It Does Not Charge Swap, Though A Fixed Three-day Fixed Cost Applies.
  • Then There Is The Ctrader Account, Where The Current Mark-up Is Lower Than In The Mt5 But Higher Than In The Mt4. In The Ctrader Account, Commissions Are Charged At $3 Per Lot. There Are Also Rollover Fees Which Are Charged Weekly. No Daily Financing Costs (Swaps) Applied To Positions Rolled Over Into The Next Day.
  • The Mt4 Micro Account Offers Free Commissions Starting From 0.4 Pips For Eur/Usd, Which Ranks Among The Best Available Offers In Today’s Industry. In Addition, Swap Does Not Apply To Overnight Positions For Islamic Accounts Traders. This Account Structure Complies With Sharia Law.

OctaFx Payment Methods

OCTAFX Payment Methods

Payment Can Be Made Using Most Major Credit/debit Cards, Skrill, Neteller, And Bitcoin. There Are No Payment Fees, 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.

Several Payment Methods Are Available:

Bitcoin: As A Payment Method, Bitcoin Is Reliable For Its Low Cost And Quick Process. Brokers Have Been Integrating Bitcoin As One Of Their Funding Methods Especially After The Cryptocurrency’s Rise In Popularity. Now, Traders Who Have Digital Wallets Can Easily Transfer Their Funds To And From Their Trading Accounts.

Neteller: Like Paypal, Neteller Is One Of The Most Popular Online Payment Services Today. Due To This Popularity, Nearly All Forex Brokers Accept Neteller As A Payment Method For Their Clients’ Fund Deposit And Withdrawal. Although The Neteller System Is Available Almost All Over The World, It Remains Particularly Popular In Europe.

Skrill: Mostly, All Forex Brokers Provide Skrill As An Online Payment Service Option. Fast, Easy, And Safe Transactions Are The Main Reasons Why Traders Using This Method. Traders Can Use Skrill To Fund Their Trading Accounts With Either Payment Cards, Bank Wire Transfers, Or Directly From A Skrill E-wallet Account.

OctaFX Also Provides Payment With Credit/Debit Cards

OctaFx Minimum Deposit

$100

OctaFx Maximum Leverage

1:500

OctaFx Spread

Variable

OctaFx Trading Platforms

OCTAFX Trading Platforms

Trading Platform Is A Tool Where You Can Buy Or Trade An Instrument With Only Some Clicks On Your Device, Anytime And Anywhere You Want. In Addition, Price Chart Is Also Usually Provided With Some Analytical Tools To Help You Analyze The Price Movement, So You Can Increase Your Profitabiliy By Placing Well-planned Trades.

Hereby, Octafx Offers You Metatrader 4, Metatrader 5 And Ctrader.

All Three Platforms Include Automated Trading Features That Can Be Accessed Via The Desktop Client, Web Browser, And Mobile. The Broker Also Provides Trading Signals Via Autochartist Pro On Mt4/mt5 Trading Platforms, Offering Advanced Daily Updates, Insights, And Analytics.

Metatrader 4: The Flexibility Of The Mt4 Trading Platform Means That Both Experienced Traders And Newcomers Can Easily Adapt The 20,000 Third-party Customized Technical Indicators And Electronic Advisors (Eas), Many Free Of Charge. However, Once You Invest In Necessary Upgrades To Unlock The Complete Functionality Of Mt4, Only Then You Can Enjoy The Competitive, Cutting-edge Version.

Metatrader 5:  Mt5 Trading Platform Remains The Only One Where All Assets Are Available For Trading.

cTrader: The Best Alternative Is Ctrader, Designed For Trading Via The Electronic Communications Network (Ecn).

OctaFx MT4 System Requirements

  1. Operating System: Microsoft Windows 7 Sp1 Or Higher
  2. Processor: Intel Celeron-based Processor, With A Frequency Of 1.7 Ghz Or Higher
  3. Ram: 256 Mb Of Ram Or More
  4. Storage: 50 Mb Of Free Drive Space

OctaFx Bonuses and Promotions

OctaFX Runs Promotional Events:

  • 50% Bonus On Each Deposit.
  • Two Demo Contests Award Real Cash.
  • The Trade & Win Incentive Rewards Clients For Trading Activity With Various Prizes.

OctaFx Review Conclusion

OCTAFX

Overall, Octafx Is A Great Trading Platform With Accessible Starting Deposits And A Strong Variety Of Asset Classes And Trading Instruments. The 50% Deposit Bonus For Non-eu Customers Combined With Leverage And Copy Trading Support Are All Stand-out Features Of Octafx’s Offering, Which Offers Premium Features At A Very Reasonable Price. This Is Ideal For Traders Who Are New To Forex Trading And Would Like To Explore It On A Stable, Reliable And Affordable Platform. Octafx Customer Support Team Is Very Accessible Thanks To 24-hour Service Monday Through Sunday. Moreover, Experienced Investors With More Sophisticated Strategies Will Appreciate Very Narrow Spreads, The Absence Of Commissions, And Invitation For All Trading Strategies Including Hedging, Scalping, And Automated Trading Strategies. With Excellent Support To Accompany Its Ample Trader Education Resources And Regulated Approach, Octafx Represents A Great Place To Start Trading Or Deploy An Existing Strategy.

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