Bonus no deposit octafx

The welcome bonus may be cancelled by the company at any time. In this case, 8 USD will be withheld from your account.

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Bonuses cannot be canceled by the client.

Welcome bonus

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8 USD for free in your octafx account

How the bonus works

One welcome bonus for everyone:

Anyone can apply for our welcome bonus, but only once. Our smart sign-up system only allows users to open one welcome bonus account.

50% more to your welcome bonus account:

We offer a 50% bonus on each deposit, allowing our clients to open positions of a higher volume. You can add 50% to your welcome bonus and withdraw all these bonus funds. Note that the 50% bonus has its own terms of withdrawal.

Unlimited bonus trading period:

You are free to trade with your welcome bonus account for as long as you like. After trading two lots and making the bonus withdrawable, you can also keep your profit and bonus funds in the account for as long as you like, or withdraw them right away.

Bonus withdrawal:

After trading two lots, you can withdraw the welcome bonus funds and all profit you make above this sum from your trading account, using via the wide variety of options we offer.

Account verification:

To have the bonus credited to your trading account, you need to submit documents for verification. This is a regulatory requirement for providing security for the client funds.

Available for all accounts:

We have three types of account, to meet the needs of all traders. You can request your welcome bonus be credited to an account opened under the trading platform that suits you best.

Get your bonus

Promotion rules

Agent commission is not applied to any activity around welcome accounts.

The welcome bonus is credited to a special separate account (hereinafter—‘welcome account’) and cannot be moved to any other account.

Clients cannot deposit money into the welcome account.

To withdraw funds from the welcome account, the client should complete trades with an aggregate volume of at least two standard lots.

Reverse trading is forbidden and will be subject for blocking the associated welcome accounts permanently. All funds will be withheld from such welcome accounts. Reverse trading means opening the same position in reverse destinations on different welcome accounts. (for instance: opening 0.05 lot buy position on EURUSD under one account and opening 0.05 lot sell position on EURUSD under another account simultaneously.)

Maximum leverage for welcome accounts is 1:500.

Minimum and maximum volume for the welcome account is 0.01 lot.

The maximum number of simultaneously open positions is three.

Opening multiple bonus accounts (including those registered by the client’s relatives, etc.) is forbidden. If the company reasonably suspects that several accounts are managed by the same person or by persons who coordinate their actions, such accounts shall be permanently blocked. All amounts will be withheld from such welcome accounts.

The welcome bonus may be cancelled by the company at any time. In this case, 8 USD will be withheld from your account.

Bonuses cannot be canceled by the client.

Any IP match between two accounts regardless of trading style, name, email, country, etc., shall be considered as multiple account abuse. These welcome accounts will be permanently blocked, and all withdrawals will be declined.

The client can have only one welcome account

The company is entitled to decline the client’s application for the bonus at any time without prior notification or providing any reason.

The company reserves the right to alter, update, or cancel this promotion at any time. The company will notify the clients about any alterations made by posting such notifications on the company news page.

Individuals from certain countries may be restricted from receiving bonuses.

Agent commission is not applied to any activity around welcome accounts.

The welcome bonus is credited to a special separate account (hereinafter—‘welcome account’) and cannot be moved to any other account.

Clients cannot deposit money into the welcome account.

To withdraw funds from the welcome account, the client should complete trades with an aggregate volume of at least two standard lots.

Reverse trading is forbidden and will be subject for blocking the associated welcome accounts permanently. All funds will be withheld from such welcome accounts. Reverse trading means opening the same position in reverse destinations on different welcome accounts. (for instance: opening 0.05 lot buy position on EURUSD under one account and opening 0.05 lot sell position on EURUSD under another account simultaneously.)

Maximum leverage for welcome accounts is 1:500.

Minimum and maximum volume for the welcome account is 0.01 lot.

The maximum number of simultaneously open positions is three.

Opening multiple bonus accounts (including those registered by the client’s relatives, etc.) is forbidden. If the company reasonably suspects that several accounts are managed by the same person or by persons who coordinate their actions, such accounts shall be permanently blocked. All amounts will be withheld from such welcome accounts.

The welcome bonus may be cancelled by the company at any time. In this case, 8 USD will be withheld from your account.

Bonuses cannot be canceled by the client.

Any IP match between two accounts regardless of trading style, name, email, country, etc., shall be considered as multiple account abuse. These welcome accounts will be permanently blocked, and all withdrawals will be declined.

The client can have only one welcome account

The company is entitled to decline the client’s application for the bonus at any time without prior notification or providing any reason.

The company reserves the right to alter, update, or cancel this promotion at any time. The company will notify the clients about any alterations made by posting such notifications on the company news page.

Individuals from certain countries may be restricted from receiving bonuses.

50% bonus on each deposit

1. Open an account

2. Make a deposit in your account

3. Increase your deposit by half with our bonus

4. Withdraw bonus funds

your deposit amount $400

50% bonus we provide $200

divide your bonus by half $200/2

number of lots to trade 100 lots

Trade more and get more profit with our bonus

Without bonus

Get more profit using 50% bonus 50% bonus

Manage your bonuses wisely

Know when to apply the bonus: you can activate it for your deposit at any time.

Decide upon the bonus amount you want to apply.

If you cancel the bonus, mind that it will be deducted from your free margin at full.

When your bonus progress hits 100% you can use this money for other accounts and go on investing.

What you can do with a deposit bonus

Every day
1. Apply for a 50% bonus.
2. Set a maximum leverage.
3. Open positions of up to 750 times greater than your initial investment.

On special occasions
1. Make a deposit and track our offers.
2. Seize the best trading conditions during our events.
3. Multiply your profit potential 2,000 times.

Promotion rules

Deposit bonus can only be claimed by a verified customer.

The bonus amount available is 10% to 50% for each deposit amount. You can also claim 100% bonus during certain special offer periods.

Bonuses are available in multiples of 10%, so you can claim 10%, 30%, 50% or 100% on a deposit, but not 11%, 25%, or 47%, for example.

The bonus cannot be added to internal transfer deposits and to deposits from contests/promotions, etc. Unless stated otherwise.

Deposit bonus shall not be credited in case account free margin is less than your bonus amount.

Ctrader deposit bonus can only be claimed by a verified customer.

The client can claim a deposit bonus on each deposit he makes. The bonus amount available is 10% to 50% for each deposit amount. You can also claim 100% bonus during certain special offer periods.

Bonuses are available in multiples of 10%, so you can claim 10%, 30%, 50% or 100% on a deposit, but not 11%, 25%, or 47%, for example.

"total bonus" denotes the total amount of bonus in a client’s account. Total bonus comprises all the bonuses claimed by the client for the trading account. Total bonus is affected when a part of the total bonus is withdrawn or cancelled or when additional bonuses are credited to the client’s account.

"active bonus" denotes the amount of bonus which can be used to open positions by adding it to the account’s equity. The amount of active bonus cannot exceed 100% of the account’s unrealized profit & loss + balance, therefore this value will fluctuate according to live conditions.

Ctrader deposit bonus can’t be used instead of, separately or before the account’s balance. If the account’s balance is zero, so will be the amount of active bonus.

It is required to trade (bonus amount)/2 (bonus amount divided by two) standard lots to be able to withdraw a bonus.

The deposit bonus cannot be added to internal transfer deposits and to deposits from contests/promotions, etc., unless stated otherwise.

The deposit bonus shall be added to the total bonus in your account and remain there until the volume requirements are met or the bonus is canceled. After the required volume is traded the bonus will be withdrawn from the total bonus in your account and an equal amount of money will be added to your account’s balance.

The bonus for each deposit is considered a separate bonus and will have its own volume requirements.

Volume calculation starts from the first bonus and continues consecutively. This means that you can't withdraw later bonuses before you trade the required volume for the first bonus, and so on. The volume calculation starts from the moment the bonus is credited to the client’s account. The required volume for each deposit is calculated separately.

The bonus can be withdrawn ONLY if by the moment of lots calculation, the bonus is still present in the account. If a client had traded the required volume, but the bonus has already been canceled, it would not be added or compensated.

If the trader's own funds are withdrawn after the bonus has been credited, the bonus will be canceled.

A client can cancel deposit bonus at any time. Once deposit bonus is cancelled, it cannot be reinstated.

Octafx may reject client's bonus application(s) at any time without prior notification or providing reasons for such decision.

Octafx may cancel a client's bonus at any time without prior notification.

Any situation not described in these rules shall be subject to the company's decision.

Octafx reserves the right to change, update or cancel this promotion with notification in the company news.

Bonuses explained in examples:
ex.1: you make a 1000 USD deposit and get a 500 USD bonus. Your account balance will be 1000 USD, equity 1000+500=1500 USD, total bonus 500 USD. To be able to withdraw this bonus you will need to trade 500/2=250 standard lots, without time limit. Later you make another 800 USD deposit to your account and get a 400 USD bonus. Your balance will be 1800 (1000 + 800) USD, equity will be 2700 (1000+500+800+400) USD, total bonus will be 900 (500+400) USD. To be able to withdraw the second bonus you will need to trade another 400/2 standard lots.

In this example after you trade first 250 standard lots and complete the volume requirements for the first deposit bonus in your account, the bonus amount (500 USD) will be withdrawn from the total bonus, leaving its value at 400 (900 -500) USD. At the same time the equal amount of money (500 USD) will be added to your account’s balance.

Ex.2: you make 200 USD deposit and get 100 USD bonus. The balance in your account will be 200 USD, equity 300 USD, total bonus 100 USD, active bonus 100 USD. Then you close 1 unfortunate trade with a loss of 110 USD. Account balance will be 90 USD, total bonus will still be 100 USD, but active bonus will be also 90 USD now, therefore equity will be 180 USD.

Bonus no deposit octafx

Language support: bengali, chinese, english, hindi, indonesian, malay, portuguese, spanish, thai

Create trading accounts, modify leverage, enable swap-free options, edit and restore passwords

Make deposits and withdrawals using the most popular payment options

View your detailed overall or account operation history, apply convenient filters to it and cancel your previous deposit

Start trading in a compatible trading platform app

Top up your demo account

View contest statistics and access your contest accounts

Activate bonuses and view statistics on active and completed bonuses

get it on

Forex trading accessibility for everyone

Octafx - one of the best forex brokers on the market, for traders all round the world. Octafx offers access to CFD trading, commodity trading and indices trading with award-winning forex trading conditions. As well as access to the forex market, octafx offers a variety of promotions that can help you:

50% bonus on deposit

Negative balance protection

Why choose forex trading with octafx

Octafx forex broker ensures reliable forex trading conditions to provide traders of all skill levels with an opportunity to earn more. This is possible due to:

No commissions on deposits and withdrawals

No swaps

No slippage

No delays

Octafx sign up bonus

A first time octafx sign up bonus is not offered by octafx.

Traders who register a real account with octafx are not offered with either a first time sign up bonus, or a welcome bonus.

Octafx offers a 100% deposit bonus on each deposit which applies to both new and existing traders when a deposit of at least US dollar 50 is made into the trading account.

To make the deposit withdrawable, traders will have to comply to the trading requirements of a certain amount of lots to be traded. This will be determined by the amount that the trader deposits into the trading account.

Brokers often offer these broker bonusses to new traders in an effort to draw in more customers in addition to encouraging trading activities. Offering a deposit or welcome bonus is the best way in which to assure traders that they will receive some money back depending on the initial deposit made.

Various brokers also offer no deposit bonuses to traders in the same effort to draw in more customers and bonuses like this may aid not only the broker in acquiring new clients, but also traders who have strict budgetary restrictions.

Referral bonus

Octafx does not currently offer referral bonuses to new or existing traders who make use of the products and services offered by octafx. The only referral program which is offered, is only available to introducing brokers.

Referral bonuses are offered by brokers to traders in an attempt to draw in new clients and expand their customer base.

Often these types of bonuses have strict criteria that will have to be fulfilled before the trader can benefit from referring a friend or family member.

Some of the criteria includes, but is not limited to:

The referral has to register a real account with the broker using a unique referral link so that the registration can be traced back to the trader.

The referral bonus is only applicable should referrals register a real account as these bonuses are not available when using a demo account.

A certain minimum deposit amount has to be made by the referral.

The referral may be required to execute a certain number of trades on the new account before the trader becomes eligible to receive the referral bonus

Referral bonuses may also have a limited time in which they can be utilized by traders, perhaps in a given month that brokers see a decrease in activity and attempts to counter it by providing such bonuses.

Additional bonuses, promotions and rewards

Octafx does not currently cater for trading bonuses and there are no current initiatives to reward loyal customers.

Trading bonuses serve the purpose of encouraging traders to increase their trading activity in addition to trading higher volumes to gain access to bonuses that offer some cashback.

Pros and cons

PROS	CONS
1. Deposit bonus offered to new and existing traders	1. Welcome bonus, , no deposit bonus , and first time sign up bonus not offered
2. No referral bonus offered
3. No trading bonus for loyal customers

Conclusion

Octafx offers traders who either register a real account, or those who already possess one, the chance of receiving a bonus every time they fund their trading account.

The conditions involved are stricter than when compared to other brokers who offer this type of bonus. Although there are no other bonusses offered, octafx has a competitive offering in addition to catering for both beginner and expert traders.

RECOMMENDED FOREX BROKERS

Octatfx has a highly informative and accessible website that aims to promote their services in layman terms. And it achieves that, yet can it can it practice what it preaches?

The broker website is operated by the following companies:

Octa markets cyprus ltd is tightly regulated by the cyprus securities and exchange commission (cysec), carrying all necessary investigations in order to ensure fraud-free market operations. As regulated by cysec, OCTAFX is part of the ICF allowing for a compensation of up to €20 000 to be attributed to clients, if the broker fails or becomes insolvent.

Octa markets incorporated is regulated by the FSA SVG in st. Vincent and the grenadines. This body’s main duties are to ensure that financial institutions are well supervised and that all threats are acted upon with the appropriate force of action. Unlike cysec, this license issuer has no reimbursement scheme to speak of. Another significant drawback is that there is no regulation dedicated to foreign exchange (forex) trading and cryptocurrency, nor are there licenses issued for these two assets:

Spreads depend on the account the client has chosen. So for the MICRO account the EUR/USD spread is 1.1 pips, for the PRO it’s 0.8-1.1 pips, and for the ECN account it’s typically 0.7-0.8 pips. We would like to remind readers that in the UK and EU the current imposed maximum spread limit is 1:30. For those outside the jurisdiction of ESMA the spread reaches 1:500.

Currently, octatfx offers the following assets to trade with: forex pairs, cryptocurrencies, commodities, stocks. In the bustling, competitive world of forex today, this number of assets is considered low.

The broker is available in the following languages: english, spanish, arabic, indonesian, thai, vietnamese, chinese, german, malay, bengali, portuguese and hindi.

Octatfx offers three platform for trade: MT4, MT5 and ctrader. What’s interesting is that each platform acts also as a separate account.

METATRADER 4

Here we are again with this renowned platform, and for a reason! MT4 stands tall against other trading terminals. Consider using expert advisors to set your automated trading while you do other business, or take full advantage of what MT4 has to offer: multiple chart management, trading directly from the chart, customized trading indicators, huge selection of trading options and much more.

The MT4 acts as the MICRO account type. So, the spread for EUR/USD 1.1 pips, while the leverage for the EU/UK is 1:30 (due to ESMA), and reaches 1:500 for those outside these zones.

There are no commissions attached to this account.

MT4 is available on smartphones (iphone, android), on any browser and as a standalone desktop version.

METATRADER 5

MT5 strives to replace MT4 but fails to do so, not because it’s inferior but because most brokers nowadays use MT4 as the default terminal. Nevertheless, MT5 comes with new and handy features that traders will surely find useful. There are auto trading bots, plus VPS (same as MT4).

The MT5 acts as the PRO account type. So, the spread for EUR/USD 0.8-1.1 pips, while the leverage for the EU/UK is 1:30 (due to ESMA), and reaches to 1:500 for those outside these zones.

The are no commissions attached to this account.

MT5 is available on smartphones, on any browser and as a standalone desktop version.

The functional ctrader has been included by octafx. This platform handles with ease and possesses a much better visual style than both MT4/5. The interface is highly customizable, giving end users a much needed aesthetic touch of their own. One of the main features of ctrader is the ability for traders to access provider’s liquidity making room for better pricing and lower spreads. There is also automated trading, and great back testing facilities.

Ctrader acts as the ECN account type. So, the spread for EUR/USD 0.7-0.8 pips, while the leverage for the EU/UK is 1:30 (due to ESMA), and reaches to 1:500 for those outside these zones.

Ctrader has a commission structure attached to it. For one standard lot a round turnof $6 will be feed. So this changes the EUR/USD spread from 0.7-0.8 pips to 1.3-1.4 pips.

Ctrader is available: for download as a standalone software for desktop, to mobile users, and can be accessed via a browser.

COPYTRADING

The broker offers for the opportunity to copy expert traders, automatically, without spending time on building a strategy or being constantly glued to a screen. This is a superb opportunity for those who do not have the time, or have little of it, to dedicate to online trading. To start, just browse through the many expert traders, set your preferences, invest and voila! Note that, even if the trader dealing for you gets a bonus if your investment turns to profit, this system does not guarantee 100% wins all of the time.

OCTAFX MINIMUM DEPOSIT

The minimum deposit is $50, immediately making room for smaller or casual traders. Typically, a higher minimum deposit limit has the ability to intimidate many novice traders.

The methods for depositing are: neteller, skrill and bitcoin. In this day and age of online currency and cfds trading these options are significantly low than bar. When considering the instruments in circulation by admiral markets and, especially, FX choice, the assortment that this here broker has seems laughable in comparison.

The base currencies are limited to only EUR and USD. The same comment as above can be applied here. A global broker should include more base currencies.

All methods of funding are instant. Here, however, octafx shines, as it falls in the niche of swift deposit methods, a niche that grows ever so tighter.

There are no fees attached. Fees commissioned by thirds parties will be covered by octafx.

OCTAFX WITHDRAWAL TIME AND FEES

Cysec regulation reassures that no harm will come to clients withdrawals.

The withdrawal methods are: neteller, skrill and bitcoin. Again, significantly fewer withdrawal methods that your standard broker.

Withdrawals are instant. This is a rare sight to see in an industry of long process times, and unexpected delays.

There are no fees attached to withdrawal. Fees commissioned by thirds parties will be covered by octafx. This makes us even more agitated at the fact that octafx has not included more payment options.

The minimum withdrawal amount is $5.

BONUSES AND PROMOTIONS

Bonuses are solely offered by octatfx’s offshore entity, due to cysec banning them in europe.

There is a 50% bonus with every deposit.

The most active and successful traders will have the opportunity to win smartphones/smartwatches, as well as a 3 luxury cars at the end of the year.

There is the opportunity to win $500 while trading with your DEMO account.

Trade suing a ctrader DEMO account, and finish with the highest profit at the end of the week to get $150.

BOTTOM LINE

First and foremost, octafx is regulated by one of the best institutes for the job in the world (cysec), as well as one of the shadier ones where many suspicious brokers get their licenses from- FSA SVG, making things rather ambiguous.

Second, there is a very limited number of payment methods, which in this day and age of online trading is unsatisfactory. However, there are no fees attached to said methods, and to top that the broker offers great and detailed trading platforms.

Octafx deposit bonus review

Platform

Expiration

Min. Volume

As with any other deposit bonus review, it’s important to know about the broker who is actually featuring the service. Therefore we encourage you to actually take a quick look at the octafx review here on forextradingbonus to get a good feeling of what kind of broker we’re dealing with.

If you don’t have time for the details, we generally like what octafx is doing with its service and would recommend it to traders of every caliber. However, we are here to review their deposit bonus, is it good? Is it workable? Let’s find out.

Octafx deposit bonus details

Essentially the deposit bonus is pretty simple to comprehend with octafx. They have a very detailed description of how it works, but let us break it down a bit further.

Depending on how much you deposit as your initial amount, you will be eligible for either a 10%, 30% or a 50% deposit bonus. Meaning you can trade with a lot more funds that you initially deposited. Also considering the broker’s maximum leverage of 1:1000 you’ll be trading with way more than you’ve deposited. Ok, let’s put this into perspective. Say you just deposited $1000 and this makes you eligible for a 50% bonus, so you accept. Now you have $1,500 on your account, but with additional leverage, you can trade a maximum amount of $1.5 million for a single trade.

However, make sure you understand the risks, because not only does this mean large profits, it could also mean horrible losses. There is also one inhibition that you may find with the broker. People eligible for the 1:1000 leverage need to be from the countries of bangladesh, indonesia, malaysia or pakistan. Not only that but, the 1:1000 leverage is also limited to the MT4 accounts. Although this may sound like an issue, it’s no surprise as the broker focuses on those countries mainly, but nevertheless, no matter where you’re from, you’ll still be able to access the 50% deposit bonus.

Octafx deposit bonus and how it works

There is a clear guideline of what a trader needs to do to receive the bonus, let’s bring it up.

Deposit a minimum of $50

Get your bonus with a simple application

Start trading

It is as simple as it sounds, there are no tricks like mandatory emails to the broker and etc. However, for security reasons the broker has full right to cancel your bonus if he finds your account activity suspicious. All of this info is included in the terms & conditions so don’t get surprised if this happens to you. Should it happen, you’re always free to contact one of the best customer service systems of the industry at octafx, and they’ll get back to you as soon as possible.

Also, it’s important to note that the bonus is not permanent. For example, if you deposit $100 and get $50 a bonus, your withdrawal of that $100 will cancel the bonus, so be aware of that as well. However, if you trade regularly, you’ll be able to withdraw your profits from the get-go, without disabling the bonus.

Withdrawing you octafx deposit bonus

Many would think that withdrawing your bonus is a terrible business model, but octafx disagrees with this statement. This broker actually allows you to withdraw the bonus funds once you’ve met the required trading amounts, which will vary depending on the volume that you deposit and receive. However, keep in mind that it is for trading and trading only. It isn’t advised to take the bonus out as it will inhibit your ability to trade at high volumes and make better profits.

Is octafx deposit bonus good?

Considering all of the features it all boils down to the deal being better than most brokers. Obviously, it isn’t the best deal you can find out there, but considering the quality of the broker and its services, it is still a really good idea.

Overall, octafx was able to make a solid feature with its bonus by adding the ability to actually withdraw it after a specific traded amount and most importantly, they’ve made it easily accessible. You may not agree with some of the features, like filtering the customer base for the leverage, but it is still one of the best deals you can get in the industry right now.

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�� octafx | octawelcome free $8 bonus

Dates: all year 2014

Available to: all new clients

Bonus: $8 bonus on live account. No deposit required!

How to get: open a new real micro account and verify it. Request a bonus.

Withdrawal: trade the required number of lots to withdraw the bonus. You can withdraw profit from trading in bonus account anytime

Latest promotions:

Extra promotions:

Nqobile

Am looking forward to trading with octafx

Ansar ladosa

Electri

Right now it's a scam broker. Cause there are a lot of reviews about withdraw problems.

Tri palbo

Okta kurniawan A

I completyly trade 2 lot to full made a wellcome bonus from octafx, I'm verry happy trading with it..Thanks for octafx

Gerotrader

Thank's for the service bonuses that have been awarded. It's very helpful for newbies like me to plunge into the real world of forex trading. Octafx is the best broker.A new breed of online forex broker, octafx is an award winning ECN/STP broker that is based in saint vincent and the grenadines. I wish all the best & successfull future for this company. I recomonded this company for everyone.

In brokkera octafx comprehensible conditions for trade, did not win the competition, but given a bonus of $ 10, there are no disadvantages of the russian language.

Indonesia, sugiarto

I am very happy to be bringing a welcome bonus of $ 8 usd, and I tried trading premises 0:01 and finally got a big advantage. Octafx indeed very good broker and can be believed. ..

Kazzu

Octafx.Com is a forex broker who gives $ 8 bonus for new members. Octafx is the best broker to start trading without a model (no-deposit bonus). Only a few days of trading, I have qualified for the withdrawal of profit. Namely trading 2 standard lots.

Kazzu

Octafx is the great welcome bonus. Octafx is the best broker to start trading with no-depost.

Ldz123456

(octafx) is a good platform,
my first contact with foreign exchange trading,
I got a free $8,
my account now around $90,
before that I never contact with foreign currency,
my good luck

Octafx free 8 bonus very good.

Rehman

This is a fake brooker my acount well come 8$ and iam 8 $ to 175$ and this brooker asked me a acount is a disable and block me my ip my email is a [email protected] this is a world fack brooker . This is a fack . Fa. Ck

Siti65

Thanks octa fx
you have given a chance to give the stolen $ 8 bonus
for I can learn forex trading
octafx my opinion is the best broker
thank you

Mohamed ali hasan

Octafx is the best broker in the whole world they realy gave me the 8 $ welcome bouns and realy realy they are the best .

Octafx review

Editors summary

Octafx is relatively well established in relation to some of the other forex brokers; however, they don't hold any licensing and regulation from recognised sources. This doesn't appear to have done them any harm, and they have over 100,000 traders with new members signing up regularly. They state that they are committed to providing excellent customer service and there doesn't seem to be any reason not to trust them.

Risk warning: the products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad disclosure: some of the links that you will find on this website are advertisements for which we do receive financial gain for referring new customers.

Introduction

Octafx or octa markets inc. Was established in 2011 in st. Vincent and the grenadines. Since then, they have grown to provide their forex trading services in over 100 countries worldwide and claim to offer the lowest spreads in the industry. They use the most up-to-date technology to provide a "convenient" trading experience for their many clients.

With convenience and high standards being two of their core values, they are continually striving to improve the user experience and make sure they stay at the forefront of the forex market. Their team of experts are always working to provide new services and new promotions while retaining their commitment to the customer experience.

While you may like the look of octafx, how can you be sure that they are the broker for you? Do they offer the right trading experience and how much do you need to invest to open an account? These are all of the things that we research on your behalf so that you can make an informed decision based on our findings.

Account types

While some brokers offer one or two accounts and other brokers as many as eight, octafx seems to fall somewhere in the middle with an offering of three main accounts plus a demo. We take a look at each of these accounts and their trading features:

Micro account

The micro account is designed for the novice trader and is perfect for those just starting. It is built for the MT4 platform and requires a deposit of $100. The spreads available start from 0.4 pips and leverage of up to 1:500 can be achieved.

Pro account

For the slightly more experienced trader, the pro account requires a recommended deposit of $500. For this, you can enjoy spreads from 0.2 pips and up to 1:200 leverage. The account holder then has access to the MT5 platform with various charts and data analysis.

ECN account

Built on the ctrader platform, the ECN account is for the progressive trader. With a $100 deposit, you can enjoy spreads of 0 pips and up to 1:500 leverage. The ctrader platforms mean that you can customise your experience.

Demo account

It wasn't easy to access the demo account as there were no apparent links or promotion of it, however after some searching we discovered the link in the practice area. You can open as many demo accounts as you want to practise and test your strategy.

Trade features and payouts

What can you expect from trading with octafx in terms of payouts, leverage and other trading features?

Leverage

The amount of leverage you can use depends on the account type you open. Leverage is another way of describing how you can multiply your funds. Using leverage of up to 1:500 you can increase your trading capital but remember, the more you leverage, the more of your investment you risk.

Spreads

Octafx claims to offer the lowest spreads available. They certainly seem very low when you look at what can be achieved ranging from 0-0.4 pips for the various account types.

Stop loss

To limit your loss on a position, you can exercise the stop loss feature. Often this is coupled with a take profit option as well. It allows you to trigger an exit from the trade when a specific price is reached. It doesn't require you to be online; you activate it when you have executed the trade.

Platform types

Many brokers use the metatrader platforms unless they have their proprietary software, and octafx is no exception. They offer three types of platform all with their own associated accounts:

Bonuses and promotions

There is a standard bonus offer that is available when you open an account with octafx and when you continue to make deposits. Open an account with a minimum deposit of $50 and get 50% bonus. That's a $75 bonus available to trade with straight away. Every time you make a further deposit you continue to receive the bonus.

In addition to the bonus, there are also two contests available; the champion demo contest with cash prizes of up to $500 and the ctrader weekly contest that offers cash prizes up to a value of $150.

Mobile trading

With octafx you can choose your mobile trading experience. If you are new to trading, then you may prefer the micro account on the MT4 platform which gives you a much more minimalistic view of the platform. If you are feeling a little more confident or have a bit more experience, the charts available with MT5 may be more what you are looking for.

You can download an app for ios and android with whichever version you choose, and the apps are suitable for mobile phones and tablets. This is the perfect portfolio of options for those who have varying degrees of experience and like to trade on the move.

Octafx is fairly well established in relation to some of the other forex brokers.

Deposits and withdrawals

Right at the top of the website is a link to "deposit and withdrawal". Click on this and takes you to a page where you can find all of the information that you need. There are no fees charged on deposits and withdrawals, and there are various methods of making a deposit. If you are using a credit card you will need to deposit a minimum of $5. With skrill and neteller it is $50.

Once you are ready to make a withdrawal request the amount you want to withdraw and the funds will be returned to the method of withdrawal. The minimum amount you can withdraw is limited to $5 with neteller and skrill.

Special features

Often certain features make a broker stand out or that give them an edge. Sometimes there are offered by other brokers because it is hard to be unique, but even so, there are those things that draw you to a particular broker. Trading with octafx offers the following:

Customer support

A good test of a broker is how visible they are and what sort of customer support they offer. If you are a new trader, you want to know that you can get answers to your questions and queries. Octafx provides many methods to get hold of support including a live chat box in the bottom of the screen, telephone numbers and even a what's app number for texts.

In addition to this there is an address for correspondence and email addresses for the various departments. There are telephone numbers for different countries as well. If you want to make your queries a little more public, they also offer links to their social media pages.

We want to help our readers in any way we can, but sometimes it's better to talk directly with your investing site to get the answers you need. For example if you have a specific query about your account you'll need to contact them in person due to security.

Alternatively, if you find that contacting your investing partner isn't working, you can contact us and we will be more than happy to try on your behalf. We have excellent working relationships with many of the sites we list and recommend.

Octafx

Email: [email protected]

Phone: +44 0203 322 1059

Address: octafx, suite 305, griffith corporate centre, beachmont, kingstown, st. Vincent and the grenadines

Conclusion

Octafx is fairly well established in relation to some of the other forex brokers however they don't hold any licensing and regulation from recognised sources like cysec and the FCA. They do state that they act following international legislation and regulation standards. This doesn't appear to have done them any harm, and they have over 100,000 traders with new members signing up regularly. They state that they are committed to providing good customer service, and there doesn't seem to be any reason to believe that they aren't a broker that you should trust.

Their technology and trading platforms offer everything for the new to the more experienced trader, and they are continually looking at ways to improve and update their platforms. With competitive spreads, robust trading features and regular bonuses, octafx seems to offer what many of you are looking for.

Our review rating system (more info)

To ensure our readers know how our experts get to their conclusions, we feel it's essential to be transparent about the rating system we use. All our ratings focus on seven key factors which are shown below. Some of these factors carry more weight than others due to their importance. The importance of a factor has ultimately been decided by our readers and years of their feedback.

Top 6 best forex brokers with no deposit bonus for 2021

Top rated:

What better way to start trading than with a no deposit bonus forex broker? This should give you the perfect start to trading with some risk-free funds. To help you achieve that goal, we have put together a collection of the best regulated forex brokers in the market who offer a no deposit bonus to traders.

Beyond looking at more details of these top brokers, we will also provide more information on no deposit bonus availability, and how you can use these bonuses to your advantage when trading.

What is a no deposit bonus?

Very simply, a no deposit bonus is an amount of money which is given to you as a trader just for completing the broker registration process. This means that you do not have to deposit any of your own real funds to gain access to this no deposit bonus.

No deposit bonus: are they available in the EU?

Unfortunately, the answer to this question is no. The no deposit bonus offers are not available in the EU. This is due to the fact that the european market regulator, ESMA, has banned certain types of forex broker bonus offers under the mifid II regulations.

The result is that forex brokers’ no deposit bonus offers, and any kind of registration bonus offers are not allowed for traders who are in the EU.

Please note that the following bonuses are available only to people based outside the EU. Moreover, we do strongly suggest to not judge the broker based solely on the no deposit bonus, but on the suitability to your trading goals and preferences.

Top 6 best brokers with no deposit bonus

Here is a closer look at the top brokers we have selected who do offer a no deposit bonus.

So, let's see, what we have: learn about the octafx welcome bonus for cfd traders. Currently promo is closed. Stay tuned for updates. At bonus no deposit octafx