Octafx spread

Metatrader 4
Metatrader 5
Ctrader

yes, octafx is regulated by the highly reputed cysec in cyprus and FSA in SVG.

Top forex bonuses

Octafx fees and spreads

Octafx fees spreads and commissions start from US dollar 7 with spreads as low as 0.0 pips.

Octafx has a low and incredibly competitive spread when compared to what other brokers offer by offering a spread list which starts from 0.0 pips along with commissions charged from US dollar 0.02 per 0.01 lot using the ECN ctrader account.

Octafx trading fees are according to the type of account that the trader chooses and the options along with the spread list, leverage, minimum deposit required, and commissions are as follows:

MT4 micro account – minimum deposit of US dollar 100, leverage up to 1:500 for forex, 1:200 for metals, 1:50 for indices, and 1:2 for cryptocurrencies, floating spreads from 0.4 pips, fixed spreads at 2 pips, zero commissions charged on trades.

MT5 pro account – minimum deposit of US dollar 200, leverage of up to 1:200 for forex, 1:100 for metals and energies, 1:50 for indices, 1:2 for cryptocurrencies, floating spreads from 0.2 pips and zero commissions.

Ctrader ECN account – minimum deposit of US dollar 100, leverage of up to 1:500 for forex and 1:200 for metals, floating spreads from 0 pips and commissions from US dollar 0.02 per 0.01 lot.

The minimum deposit that octafx requires to open an account is US dollar 100 which is average when compared to other brokers who offer similar trading conditions.

Other fees

Traders should note that certain financial instruments can only be traded during a certain time of the day, especially when considering different time zones, and additional fees may be charged should they hold these positions after they have closed.

Traders should always note that overnight fees, otherwise known as swap fees or rollover fees, may be charged for positions held open for longer than a day.

Octafx offers the option of an islamic account to traders who are of muslim faith and who operate under the sharia law.

Octafx does not offer traders with spread betting and therefore spread betting fees are not applicable to this broker.

Broker fees

Octafx does not charge any deposit fees or withdrawal fees.

There is no indication that octafx waives any additional broker fees such as inactivity fees or fees pertaining to account maintenance and management. Before opening an account, traders will have to verify the possibility of additional fees with the broker.

Pros and cons

PROS	CONS
1. Tight and competitive spreads	1. None noted
2. Low minimum initial deposit amount
3. Fixed commissions on trades
4. Low commissions when compared to other brokers

How many instruments can I trade with octafx?

You can trade the following instruments:

Forex

Cfds

Cryptocurrencies

Commodities, and

Stocks

Which platforms are supported by octafx?

Octafx provides the following popular trading platforms:

Metatrader 4

Metatrader 5

Ctrader

Does octafx offer leverage?

Depending on the type of account the trader uses, leverage varies from 1:5 up to 1:500.

What spreads can I expect with octafx?

Spreads from as little as 0.0 pips.

Does octafx charge commission?

Commissions are charged when making use of the ctrader ECN account at US dollar 0.02 per 0.01 lot traded.

Is octafx regulated?

Yes, octafx is regulated by the highly reputed cysec in cyprus and FSA in SVG.

Is octafx a recommended forex trading broker for experts and beginners?

Yes, octafx is suitable for both beginner and expert traders.

OCTAFX

Are you looking for a best ECN broker to start trading? Then octafx can be the best option for you. In fact, two well-known online portals have named the broker as best ECN broker. The broker is legit and offers an easy to use trading platform. In this octafx review, you will get to know some major things about broker so that you can decide whether you should choose the broker or not.

Octafx review

Is a broker a scam?

Registration and authorization

Starting the registration process

Enter all the details

Confirm the account

Fill up the personal information

Selection of the trading platform

Deposit your amount or complete the verification

Octafx trading platform

Demo account

Deposit and commission

Octafx spread

Withdrawal

Contacts

Reviews of traders

Octafx review

Talking about octafx, it came into existence in the year 2011, and it is controlled by octa markets ltd. Registered in the grenadines and saint vincent, it is operated with a license number of 19776 IBC 2011.

Two major online portals that are popular for offering banking and finance news, the forex report magazine, and global banking & finance review have recognized the broker as the “best ECN broker 2017” and “best trading conditions in 2016”. Cysec- cyprus securities and exchange commission regulates the broker.

They are also a good STP- straight through processing ECN broker. That means the broker doesn’t have a dealing desk and give the traders the lowest fees. Exploring more about octafx, they have more than 1.5 forex trading account, and till now they have successfully completed 288m trades.

The platform’s trading options cover all most all the major currency pair, silver as well as gold. The trading platform offers a metatrader 4 trading platform which is available for both desktop and smartphone users. Besides, it also offers ctrader platform.

Speaking about server octafx, the trading servers are located in london. On the other hand, octafx UK limited has a massive number of networks as well as data centres across asia and europe to offer stable connection 24×7.

Is a broker a scam?

Most of the traders have a common question, i.E., whether broker octafx safe or not. During the octafx review, the expert found the broker highly trustable. As discussed above, the broker is regulated by cysec and trade license number is 372/18. They are allowed to do their business across the EU. This also proves that they comply with different factors, such as proper background checks, advertising rules, investor compensation, minimum capital requirements and more.

Moreover, it is also regulated by the FCA- british financial conduct authority. To protect the traders, octafx comes with segregated funds. This enables the traders to keep their funds in the bank account instead of the broker’s trading account. So, octafx is not a scam, and you can trust them for forex trading.

Registration and authorization

Opening an octafx trading account involves an easy process and will take just a few minutes. Here the steps that you need to follow to open an account.

Starting the registration process

Visit the official site of octafx and click on the “open account” option. The option can be found on the top right corner of the home page. Besides, you can start the registration process at any page.

Enter all the details

You will see a pop-up window, and there you will have to give your full name, email ID and password. Always enter accurate information to prevent any issues in the future.

Confirm the account

After that, you need to visit your inbox. There you will find an email from octafx, click on that. Now, you need to click on confirm email address. It will verify the email, and you will move to the next step.

Fill up the personal information

After email verification, now you will have to provide your personal information, like your DOB, contact number, address, country and more. Make sure that you are under the legal age limit for doing forex trading.

Selection of the trading platform

Now you need to select the account type and trading platform. In terms of the account, you can choose damo (demo) or real account. On the other hand, under the trading platform option, you will get three options, such as metatrader 4, metatrader 5 and ctrader.

Deposit your amount or complete the verification

You need to submit all the required document for information verification in order to start using the account. Once done, you can deposit your first amount and start trading.

Octafx trading platform

The broker provides the traders with three types of trading platforms which can be easily accessed through mobile devices, tablets and desktops. The first platform is MT4, and the second one is the ctrader. The last one is the MT5. As per the company, ctrader platform comes with more features than the MT4. All the platforms support 128-bit SSL site protection. They are easy to use, and you will find all the required information on the screen.

Demo account

Like other reputed brokers, octafx also offers a demo account to both new and experienced traders. It calls it octafx unlimited demo account. There is no doubt that the forex market offers a lot of attractive trading opportunities, but it also includes risks. So, before doing real trading, octafx lets its users learn and try out their trading strategies using its demo account. It has all the features that you will get in the real account. Using this account, you can practice octa forex trading through both metatrader 4 and 5.

The thing that makes its demo account different from others is the octafx’s champion demo contest. While practicing their trading, the traders can now earn real money for trading. Every year it organizes damo competition for one month, and the participants can win up to USD 1000. The first, second and third places will get USD 500, USD 300 and USD 100 respectively.

Besides, there is also a ctrader weekly damo contest. The trader can take part in the contest with a ctrader damo account and can win up to USD 4000. It starts on monday and ends on friday. Well, these are some factors that make octafx so popular.

Deposit and commission

As per the octafx review, the broker accepts payments through various international platforms, such as neteller, skrill, bank wire, visa and master card. In indonesia, the broker supports local bank transfers. However, every month the platform adds new deposit methods. You can make your deposit in EUR or USD and USD 5 is the minimum deposit balance.

Speaking about its commission, the broker doesn’t charge any fees and commissions on fund withdrawals or deposits. However, the trading commission on micro and PRO accounts have been added in the octafx spread.

The broker says they charge a round-term trading commission on octafx ecn. On the other hand, a three-day fee will be charged on MT5.

Octafx spread

While trading at octa FX with the leverage, the most crucial element that you need to consider is the octafx spread along with other fees. If you compare, you will find the spreads at octafx is quite low. In fact, the spreads are near zero and low for octafx ecn accounts. There is no re-quotes or slippage. To understand this, let’s have a look at some major spreads.

AUD/CAD- for micro, pro and ecn, the spreads are 2.7, 1.5, and 1.7 respectively.

USD/EUR- for micro it is 0.9, and for pro and ECN it is 0.8.

Withdrawal

The withdrawal process of octafx is also very simple. All you need to just fill up the withdrawal form and submit it. It will take 2 to 3 business days to get processed. There are certain rules that you will have to follow for this. Well, this is very common, and the broker follows international anti-money laundering rules.

Contacts

Whatsapp: +34691370613

Contact number: +622131106972

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

Reviews of traders

An excellent broker. What it like the most about the broker octafx is the broker’s fast response to the queries. I have not faced any major issues with octafx until now. Another best thing is the broker offers multiple despite and withdrawals option. My withdrawal application got processed in just two days. They are also good at their commission and spread. However, keep close look when the trading market closed and opens or else the spread can lead to a huge loss. Otherwise, the broker is good and highly recommendable. – habibi osman

My trading experience with octafx became quite productive after a few months of using its demo trading account. Thanks for offering such easy to use a demo account. With time and practice, I have managed to increase my chances of getting successful transactions. Besides, the withdrawal process is fast and secure. My overall experience with octafx is good. – andrew

This is a highly reliable broker, and I have been using the platform for around the last four years. The octafx spread is good, but you need to be very careful while trading. They maintain the swaps and spreads in normal limit even though you have a minimum deposit. I would recommend this broker to others. At the initial stage, you may not get good results, but with the time you will earn a better profit. – francis

Octafx review: updated octafx forex broker overview

This is a different and updated octafx review as we have our loyal clients with octafx since 2013 from more than10 countries.

So, please read carefully as we will give an honest review and all the information you need about octafxforex broker.

Let’s start with the most common questions about octafx broker and at the end, you will get our final octafx review

Octafx broker scam or legit?

This is one of the most common questions about octafx broker, traders like you want to start trading and make money but afraid asking himself if I made profits will I get these profits or not.

That’s why we made this honest octafx review and we will be honest with you. Just please keep reading the full article. But to summerise octafx is not SCAM and you will know why! And will know the pros and cons of octafx.

Octafx spread

Octafx spread is really competitive, there are three account types with octafx with different spread for example :

Micro account: floating, starting at 0.4 pips fixed, starting at 2 pips. ( no commission )

Pro account: floating, starting at 0.2 pips ( no commission )

Ecn account: floating, starting at 0 pips ( but please note there is commission )

Please check our octafx spread review here : octafx spread review

Can I start trading with octafx broker in my country?

The answer is yes, octafx is available for all countries except

Octafx available account types :

Demo account: octafx offers an excellent unlimited demo account option, available on MT4, MT5, and ctrader. It offers real market conditions and a chance to win real money in a monthly champion demo contest.

MT4 (micro) account	MT5 (pro) account	ctrader (ECN) account:
with the MT4 (micro) account, you can choose either a floating spread, starting at 0.4 pips or a fixed spread, at 2 pips, depending on your preference. This account requires a minimum deposit of 50 USD (though 100 USD is recommended) and no commission is charged on trades. Leverage is fixed at 1:500 for forex trading and the margin call/stop out is 25%/15%. Metals, indices, and cryptocurrencies can also be traded (though leverage will be lower and is set at 1:2 for cryptos).	The MT5 (pro) account only offers a floating spread, starting at 0.2 pips, and requires a minimum deposit of 500 USD. No commission is charged on this account either but leverage for forex trading is fixed at 1:200 and the margin call/stop out is set at 45%/30%. There are no swaps on this account and overnight commissions are charged after 3 days. As with the MT4 account, both CFD and cryptocurrencies can also be traded.	The ctrader (ECN) account also only offers a floating spread, but this starts at 0 pips. A commission is charged on trades and a minimum deposit of 100 USD is required. Leverage is fixed at 1:500 for currencies and 1:200 for metals – cryptocurrencies and cfds are unavailable with this account. Margin call/stop out is set at 25%/15% and overnight commissions are only charged over weekends.

Octafx regulation

Founded in 2011 and regulated by cysec since 2018 (license 372/18), octafx is a well-respected and secure broker. All funds are properly segregated, and the company has received many awards over the years for its quality of service.

The company was briefly regulated by the FCA (the UK’s financial conduct authority) from 2015 to 2017 (ref: 679306) but decided to not renew its license after the brexit referendum and instead kept its focus on the EU market.

Octafx office locations :

United kingdom, hong kong, indonesia, cyprus, malaysia, thailand

Octafx copy trading review :

For many traders who just want to invest their money for returns, octafx offers copy trading which is perfect for newbies to make some money following professional forex traders without taking risks at beginning of their trading career.

Please note: you will lose your money if you didn’t choose the right trader to follow and our advice for you is to depend on yourself in trading without copying other traders, they aren’t better than you and we will try to help our loyal clients with professional forex strategies, books and more to help them in their trading.

What is octafx minimum deposit?

The minimum deposit amount is $50.00, please note that you can get a 50 % bonus on your deposit. The bonus on deposit can help you in your trading as it helps you to open more trades.

There is no commission on your deposits or withdrawals when you use payment methods neteller or skrill.

You can use neteller, skrill, and bitcoin with no commission, yes no commission.

Octafx available leverage

Octafx has no dealing desk with leverage up to 1:500

Octafx deposits

Octafx withdrawals

Negative balance protection

Please before you start trading with any broker not just octafx broker ask support using live chat or support ticket if they are protecting your from negative balance protection or not. If not leave them immediately because in some cases you will be asked to pay more than your investment. Octafx protect you from negative balance protection.

Here is a question from the octafx broker website about the negative balance protection and the answer from octafx, so you are totally safe from negative balance protection.

Demo contests

Octafx runs two separate demo account contests, one on the MT4 platform and the other on the ctrader platform. The ctrader demo contest runs for one week and the participant with the largest demo account balance at the end of the week will win 150 USD, with smaller prizes for the rest of the top five. The MT4 demo contest works the same way, except it runs for four weeks and the grand prize is 500 USD.

Weekly octafx broker rewards ( cash prizes )

You can win cash prizes. More than 5000 trader competing to win octafx rewards .

What are the prizes?

1st prize gets 500 USD

2nd prize gets 400 USD

3rd prize gets 300 USD

4th place gets 60 USD

5th place gets 40 USD

Prize funds are credited to the client`s wallet and can be withdrawn anytime.

Only five easy steps to join

Octafx ctrader contest for cash prizes

If you use ctrader you can find the second contest and next chance to win cash prizes

Can I trust octafx to start trading?

Segregated accounts

Octafx uses separate accounts to keep protected customers’ funds segregated from the company’s balance sheets. This keeps your funds secure and untouched.

SSL-protected personal area

Your data is safe and can’t be accessed by third party

Octafx uses highly secure technology to protect your personal data and financial transactions.

3D secure visa authorization

Octafx applies 3D secure technology when processing credit and debit cards. This technology makes all visa transactions transparent and safe.

Octafx awards since 2012

Best FOREX BROKER ASIA 2020

Best FOREX BROKER INDIA 2020

Fx daily info best ECN/STP broker 2019

Best ECN BROKER 2020

Fx daily info best forex broker asia 2019

Global banking and finance review best forex broker asia 2018

European CEO magazine best FX broker 2018

European CEO magazine best trading conditions 2018

Forex awards best copy trading platform 2018

Forex awards best trades execution 2017

European CEO magazine best trading conditions 2017

UK forex awards best forex ECN broker 2017

European CEO magazine most transparent broker 2017

Forex report magazine best trading conditions 2016

FX empire best international broker 2015

Forex traders best islamic account forex broker 2015

European CEO magazine best STP broker 2015

FX empire most reliable broker 2014

Global banking and finance review best ECN broker asia 2014

World finance magazine best broker central asia

Global banking and finance review fastest growing micro forex broker 2012

Note: yes these awards are indicators that octafx is growing fast and trusted broker but these can’t be the only reason to start trading using octafx broker. There are other reasons to choose the broker like spreads, commissions on deposits and withdrawals, NO SWAP, and more will be discussed here on www.Octafxreview.Com …

Octafx trading benefits :

Allows scalping

Allows hedging

Offers STP

Low min deposit

Guaranteed stop loss is one of best benefits you can find .

Offers negative balance protection

Where is octafx based?

Octafx’s registered address is suite 305, griffith corporate centre, beachmont, kingstown, st. Vincent and the grenadines.

Does octafx use metatrader?

Yes, octafx does offer metatrader 4 and metatrader 5 for desktop, web and mobile.

Can I make deposit with bitcoin ?

All of us love cryptocurrencies , and yes you can make your deposit and withdraw with bitcoin .

Finally this is our review for octafx broker

Our experts found that octafx brokers can be reliable and trusted forex brokers . Why ?

For newbies and professional traders both, for newbies they can find unlimited easy registration for demo accounts so they can learn and that’s what we suggest they do practice first and learn with demo accounts when they are able to make money then make a deposit and start trading, for professional traders they can find everything available mobile application to trader everywhere, all strategies are available except the abuse of using arbitrage, fast and friendly support ready to help you

( live support) , experts are allowed , simply everything helps you succeed in forex is available .

Auto chartist: don’t depend on it completely but really can help you take decisions and it is FREE with OCTAFX.

Instant deposit ( for neteller and skrill ) minutes for bitcoin.

One of the most important deposits and withdrawals with bitcoin which isn’t available in most brokers.

Contests with CASH PRIZES, yes weekly contests which will help you make more money and improve your trading skills.

We tried to answer all your questions but we are here if you have any questions not answered yet just leave a comment down and we will help .

As we really help our clients and want you succeed please leave a comment or just send e-mail to us to send ( free gifts ) that help you master the markets and trade successfully .

Fxdailyreport.Com

A lot is emerging from the forex world that you should be well-acquainted with before you start trading or using any FX related platforms and strategies. As you forex trade and want to be on the winning side, don’t ever forget the role of a forex brokerage. This is the entity that links up forex traders with the competitive forex market. You will need a forex broker to stand out in the market.

The broker you work with should successfully match you up with a respective buyer or seller. Today, with outstanding trading software or platform, it’s never challenging to interact with or choose the best broker. Properly you have come across ECN brokers, and you know how they work.

Working with an ECN broker- everything to know

ECN brokers have been opening doors for millions of traders each day, and there is a lot to learn by interacting with the best. These forex brokers bring the speed of light performance and high internal liquidity due to the sophisticated bridging technology they use. Traders can also enjoy competitive trading costs as ECN technology offers an extended trading time and high efficiency.

Traders and brokers can as well enjoy transparent trading conditions as there is no misunderstanding brought about during ECN execution.

Don’t just work with any electronic communications networks broker you come across in the industry. You will not get it wrong in your forex trading endeavors, working with ECN brokers with low spread. This is a forex broker who gives a trader the smallest difference between the bid and the ask price.

With a low spread, you can reduce your trading costs by a significant or rewarding portion. Working with such a broker, you will fruitfully and quickly speculate on the outcome of any financial market you pursue as an FX trader. A broker with a low spread will ensure you don’t spend much trading whist maximize your chances of gaining more profits.

Choose the best ECN broker with low spreads

Low spread trading will give you an edge when forex trading, and you need to work with the best ECN brokerage. Different brokers in the forex world offer different services. It’s wise to look at the benefits each broker offers before opening an account with them.

At all times, it’s advisable to work with a forex broker with low spreads who will satisfy your needs. There are a few things to consider as you compare the best ECN brokers. They include:

The spreads they offer

Minimum deposit allowed

Base currencies allowed

Account types available

Available payment options, deposits and withdraws and

Bonuses

The top three ECN brokers with low spread are fxopen UK, pepperstone, and octafx. Compare these popular brokers in the FX world and settle on one that satisfies your needs and curiosity in forex trading.

Octafx review

Octafx facts & figures

Octafx review :
company information

Octafx founded in 2011, octafx brokers is a relatively new company in the forex trading industry, but it has already made headlines in no time. The company was established in saint vincent and the grenadines, but its headquarters are in jakarta, indonesia. As a result, octafx has mainly focused on the asian market, although it provides services to over 100 states around the world, including the UK, through octafx UK.

When choosing which broker to register with, traders often consult with the regulator and the awards the company has won. Octafx brokers has garnered some significant awards including best central asia broker 2014 and best ECN broker asia 2014. The company’s website details at least 6 awards it has accumulated over the years. And that’s not all since the company has reached some of the best heights in the industry today, as you will see in this review.

Disclaimer risks incurred: you risk your capital. Statistically, only 11-25% of traders manage to make profits through forex trading and cfds. 75-89% of clients lose their investment. You must be able to afford to expose your capital to such risk

Octafx review :
platforms & tools

Octafx review :
trading accounts

Trading accounts at octafx brokers are categorized into three categories, based on the platforms preferred by clients. These accounts include:

Octafx provides traders with mostly original metatrader and ctrader trading platform experience. In addition to the european license in cyprus, octafx also lacks supervision in major jurisdictions, which puts it at a serious disadvantage compared to other trusted foreign exchange brokers.

Octafx review :
micro MT4 account

This account is recommended for beginners and does not charge any commission. The account offers both floating and fixed spreads and will require a minimum deposit of $ 100.

This repository is friendly for beginners; in fact, it’s below the market average by around $ 200. The account has a maximum leverage of 1: 500, which is too high. Floating starts at 0.4 pips while fixed starts at 2 pips.

Octafx review :
MT5 pro account

Another type of account found at octafx brokers is the MT5 pro account, which is designed to meet the needs of experienced traders. Unlike the MT4 account which has both fixed and floating spreads, this account only has floating spreads.

It is also commission-free and offers a maximum leverage of 1: 200. The minimum deposit is slightly higher than the MT4 account and is set at $ 500. The waterline starts at 0.2 pips.

Octafx review :
ctrader ECN account

This account is ideal for traders who want to trade raw spreads as well as floating spreads. This minimum deposit is set at $ 100 and has a maximum leverage of 1: 500. The ctrader ECN account is very similar to the TM4 account but it does not offer a fixed spread. Floating starts at 0 pips.

Octafx review :
octafx regulation security of funds

Octafx brokers is an award winning company that offers to trade over 28 currency pairs as well as precious metals under amazing trading conditions on the MT4 platform. Until recently, the company was licensed to offer financial services by the FCA (financial conduct authority), one of the world’s leading regulators.

In addition to the strict rules applicable to licensed brokers, the FCA also has a clearing system that supports operators in the event of broker liquidation. Indeed, all the companies approved by this authority come under the FSCS (financial services compensation scheme), which pays 50,000 dollars per person. Unfortunately, the broker lost the FCA license in 2017 and the reason is uncertain.

We have checked that octafx is regulated by well-known organizations. You can check each of the octafx regulators given below. The regulations provide some help to those who have problems with octafx.

Regulators protect traders through reimbursement plans and other actions to regain customer investment after the broker goes bankrupt. Brokerage companies must comply with various rules and standards established by recognized international authorities in order to provide safe transactions and obtain permits.

The concept of the entire regulation is to protect octafx traders and provide a safe trading environment.

Octafx review :
trading conditions & platforms

Octafx review :
minimum deposit

Don’t be fooled by the three accounts we saw above and think that the minimum deposit is $ 100. In fact, broker octafx sets their minimum deposit at $ 5 for all UK clients, a symbolically low amount. This is well below the market average which is around $ 100.

Octafx review :
influence

The maximum leverage provided by octafx brokers is extremely high, reaching a maximum of 1: 500. Although high, some forex brokers offer this same leverage and even a higher level. However, that could change in the UK as the FCA wants to cap at 1:50 (just like in the US).

Regulators have generally imposed a limit on the level of leverage in order to protect traders from the high risk of trading margin, which can lead to losses well beyond the initial investment.

Octafx review :
spreads & commissions

Spreads and commissions are determined by the account you choose. The MT4 micro account has a spread of 0.4 pips for the floating spreads and a spread of 2 pips for the fixed variation. MT 5 pro account provides 0.2 pips spread while ctrader ECN account provides 0 pips spread.

For UK traders, they can benefit from a reasonable spread of 0.6 pips for the USD / EUR pair; which is a good deal considering what other traders are getting. There is no commission here, which is a good thing considering that octa fx brokers recovers the price through other means.

Octafx review :
trading platforms

Unlike UK based octa fx which only offers MT4, octa fix brokers offers three types of trading platforms. These are the metatrader4, metatrader5 and ctrader. These platforms are convenient because they allow you to choose your preferred option, depending on your level of trading.

The MT4 platform is suitable for both mobile applications and PC versions. It is the number one choice for many traders because it offers some unique advantages that you cannot find on other platforms. For example, the platform comes with a dozen technical analysis indicators, expert advisors, an advanced charting software package, and an extensive back-testing environment.

Octafx review :
bonus and promotions

Currently, octafx broker provides a 100% bonus for every deposit. This is a good bonus that will welcome traders and give them extra money to keep trading. With this bonus, you can afford higher margin trading without worrying about the risk. And you can choose from different types of payment methods including netteller, skrill, wire transfer, and credit card.

Octafx review :
fees

Octafx does not charge deposit, withdrawal, inactive accounts. Fees

Octafx review :
research

Octafx’s research products have a good foundation because it provides some of all necessary content types, including content types from third parties. However, compared with research leaders IG, saxo bank and CMC markets, octafx has room to enhance its research products.

Octafx provides a series of research content in the “trader tools” section, including economic calendars, market insights and daily analysis posts, as well as autochartist’s trading signals. Octafx also generates video content in minute posts on youtube, such as the regular market, as well as some archived webinars and some educational content.

Octafx review :
about octafx

If you are not sure about octafx brokers, you can easily check out the octafx comments and reviews. It provides a decent deposit bonus for every investment you make and is quite reliable. The firm responds to your business needs by being efficient and always keeps clients at the heart of all business.

Octafx review :
FAQ

Is octafx a scam?

We strongly recommend that you read the user reviews on our website before you start trading with this brokerage company. They will help you determine whether octafx is a scam or not.

Is octafx regulated?

Yes, the activity of octafx is supervised and regulated by the authorities of saint vincent and the grenadines under the international business companies (amendment and consolidation) act, chapter 149 of the revised laws of saint vincent and the grenadines. Grenadines, 2009, article

What is the minimum deposit for octafx?

This minimum deposit is set at $ 100 and has a maximum leverage of 1: 500.

Is octafx legal in pakistan and india ?

Yes, you can open an octafx account from 100 countries, including india, pakistan, UAE,malaysia, and singapore.

How long does octafx withdrawal take?

Is very fast need 1 to 3 hours

Octafx vs thinkmarkets

Octafx vs saxo bank

Octafx vs CMC markets

Octafx vs dukascopy

Octafx vs TD ameritrade forex

Octafx vs city index

Octafx vs FOREX.Com

Octafx vs XTB

Octafx vs FXCM

Octafx vs interactive brokers

Octafx vs markets.Com

Octafx vs admiral markets

Octafx vs swissquote

Octafx vs pepperstone

Octafx vs OANDA

Octafx vs plus500

Octafx vs fxpro

Octafx vs ETX capital

Octafx vs etoro

Octafx vs LCG

Octafx vs XM group

Octafx vs hotfore

Octafx vs dukascopy

Octafx vs roboforex

Octafx vs fp markets

Octafx vs pepperstone

Octafx vs ic markets

Octafx vs fbs

Octafx vs vantage FX

	octafx offers multi-asset trading on a range of platforms and mobile solutions.
Octafx offers multi-asset trading on a range of platforms and mobile solutions.

Octafx review :
rating & taders reviews

This article was written by our financial editor ramdi.

A comparison of broker spreads: octafx, pepperstone & IG.Com

When comparing online brokers, you will want to examine fees, charges and commissions very carefully. As an investor, one thing you’ll be interested in is the spreads offered for the instruments you trade. Some brokers offer a commission free model, but this generally means the broker’s profit comes from the spreads, which will vary between instruments, and may also depend on the account type you hold.

Some brokers charge a commission fee on top of the spreads, and it’s also important to note that spreads are often dynamic, meaning they are constantly changing. Today we’re comparing spreads at three popular online brokers: octafx, pepperstone and IG.

Octafx spreads

At octafx spreads are dynamic and depend on the currency pairs being traded. This broker also quotes different spreads depending on the platform you use and the type of account you hold. Spreads on popular pairs are quite tight, across all platforms. Octafx quotes the following spreads:

Metatrader 4 micro

EUR/USD minimum spread: 0.4 pips typical spread 1.1 pips

GBP/USD minimum spread: 0.5 pips typical spread 1.6 pips

USD/JPY minimum spread: 0.4 pips typical spread 0.9 pips

Metatrader 5 pro

EUR/USD minimum spread: 0.4 pips typical spread 0.5 pips

GBP/USD minimum spread: 0.5 pips typical spread 0.6 pips

USD/JPY minimum spread: 0.4 pips typical spread 0.5 pips

Ctrader ECN

EUR/USD minimum spread: 0.4 pips typical spread 0.8 pips

GBP/USD minimum spread: 0.4 pips typical spread 0.7 pips

USD/JPY minimum spread: 0.4 pips typical spread 0.7 pips

Current spreads are clearly displayed on the website and change in real time.

Pepperstone spreads

At pepperstone, spreads depend on whether you have their standard or razor account, and, of course, vary between the wide range of tradable instruments they offer. Spreads are dynamic, influenced by factors such as liquidity. During times of high liquidity, spreads can go as low a 0 pips if you have a razor account. However, this is because the razor account adds a small commission to trades, on top of the spreads, whereas the standard account is commission free. Look carefully at terms and conditions for both accounts before choosing one. Pepperstone offers spreads of:

Razor account:

EUR/USD minimum spread: 0 pips average spread 0.13 pips

GBP/USD minimum spread: 0 pips average spread 0.44 pips

USD/JPY minimum spread: 0 pips average spread 0.25 pips

Standard account:

EUR/USD minimum spread: 1 pips average spread 1.13 pips

GBP/USD minimum spread: 1 pips average spread 1.44 pips

USD/JPY minimum spread: 1 pips average spread 1.25 pips

IG spreads

IG offers competitive spreads, from around 1.1 pips on most instruments, and from 0.6 pips on forex. IG also offers a range of opportunities for online traders, including spread betting, so check out trading conditions for the type of trading you plan to do, before making a commitment. IG offer the following spreads on spot forex betting:

EUR/USD minimum spread: 0.6 pips average spread 0.70 pips

GBP/USD minimum spread: 0.9 pips average spread 1.52 pips

USD/JPY minimum spread: 0.7 pips average spread 0.79 pips

Remember spreads change constantly. Always monitor spreads closely while online trading.

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Nothing on this site constitutes advice or a recommendation – you use the site and its contents at your own risk. Trade wisely. Spread bets and cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading cfds.

Octafx review and tutorial 2021

Go to the brokers list for alternatives

Octafx offers multi-asset trading on a range of platforms and mobile solutions.

Octafx offers leveraged trading on currencies.

Trade popular digital currencies at octafx.

Octafx is a forex, CFD and copy trading broker offering the MT4, MT5 and ctrader platforms. In this broker review, we’ll login to the personal area and uncover the key features, including leverage, demo accounts, regulation and more. Read on to find out if octafx is a good forex broker or not.

Octafx details

Octafx was established in 2011. The company’s headquarters are located in saint vincent and the grenadines, with an additional support office in jakarta, indonesia. The broker’s EU entity, octa markets cyprus ltd, is located in limassol, cyprus, and is regulated by the cysec.

With over 1.5 million trading accounts and a long list of forex industry awards, the founder and owner has ensured the company has amassed a global reach.

Trading platforms

Metatrader 4

The MT4 platform is a trusted software used by both individual traders and institutions, due to its ease of use and flexibility.

The platform allows you to develop your own expert advisors and technical indicators to suit your trading style. In addition to the 30 in-built technical indicators, advanced charting tools allow you to analyse price fluctuations and trends in the market, using 3 customisable chart and graph types.

Note that MT4 is currently only available for non-EU clients.

Octafx metatrader 4

Metatrader 5

MT5 is the next-generation platform that offers all the benefits of its predecessor but with additional speed, accuracy and more advanced features.

Users enjoy 8 types of pending orders, 44 analytical objects including gann and fibonacci retracement, plus additional technical indicators which are unique to MT5, such as trend oscillators and bill williams’ tools. There’s also an economic calendar as well as two major accounting modes for greater flexibility: hedging and netting.

Both platforms come in several languages, including english, arabic and hindi, and are compatible with windows pcs. Octafx provides a useful download guide on the website.

Octafx metatrader 5

Metatrader webtrader

For those using mac pcs, octafx also offers the web terminal version of MT4 and MT5, meaning traders can access the markets straight from an internet browser.

The web platforms are highly functional and customisable, boasting the same features found in the desktop versions, including charting tools, market indicators, scripts and expert advisors, plus access to diverse order types and execution modes.

Ctrader

The ctrader platform is a robust system designed for forex and CFD trading. The platform includes over 26 in-built chart views and up to 50 chart templates on a fully customisable interface. The platform boasts an impressive suite of 70 technical indicators and 28 chart timeframes, plus advanced level scalping and visual back-testing using cbot. With full market depth, traders can also execute advanced online trading strategies as well as programmable algorithms.

The ctrader platform is ready to download from the website once you have completed the registration process. The ctrader web terminal is also available for macos users.

Octafx ctrader

Markets

Octafx offers some of the most popular products, including:

Forex – 28 currency pairs including EUR/USD and USD/JPY

Indices – 10 CFD indices available such as US30 and NASDAQ

Commodities – including spot gold and silver contracts, plus brent and crude oil

Cryptocurrencies – 3 major digital currencies available; bitcoin, ethereum and litecoin

Trading fees

Typical variable spreads for EUR/USD are around 0.7 pips in both the metatrader and ctrader platforms. Gold spreads (XAUUSD) start from around 2 pips and major indices such as NAS100 are around 3.5 points. Bitcoin spreads (BTCUSD) are around 3.1 pips. Fixed spreads are also available for MT4 USD accounts.

Trading commissions are only charged in the ctrader account, at 0.03 USD per 0.01 lots. There are also rollover rates applied on positions held over 3 days. Details of these fees are listed in the product specifications.

Leverage

Octafx offers generous leverage limits up to 1:500 for currencies in the MT4 and ctrader accounts. Leverage in the MT5 account is available up to 1:200 on currencies. Metals can be leveraged up to 1:200, indices and energies up to 1:50, and cryptocurrencies up to 1:2.

Note that EU clients can only trade with leverage up to 1:30.

Mobile apps

Octafx delivers mobile app versions of the MT4, MT5 and ctrader platforms, available for iphone and android devices. The apps offer many of the essential features found in the desktop applications, including a complete set of orders in metatrader and full balance, margin and P&L information in ctrader. All trading apps come with a customisable mobile interface with clean and accurate trading functions, as well as custom mobile price alerts.

Octafx MT4 mobile app

Octafx (non-EU) also offers a downloadable proprietary copy trading mobile app, currently available only on android (APK) devices. The app allows you to manage and keep track of trading accounts whilst on the go. Users can also activate bonuses, access trader tools and deposit into their accounts. The app download process is quick and can be accessed from the google play store.

Octafx mobile app

Payment methods

Octafx offers a few fast funding methods which vary depending on your origin country, including bank cards, perfect money and bitcoin. Local bank transfers are also available for traders from certain countries, including thailand, india and nigeria.

The minimum withdrawal and deposit amounts are 5 USD for perfect money, 0.00096000 for bitcoin and 50 EUR for cards. All deposits methods are generally processed instantly or within a few minutes.

There are no commissions charged on deposits, withdrawals or currency exchange rates, except for 0.5% on perfect money deposits. The withdrawal time for all methods is 1 to 3 hours to approve and up to 30 minutes to transfer the funds. There is no withdrawal limit on earnings.

Demo account review

Octafx traders can open a demo account which provides the same trading experience as a live account but without risking any real investment. Each demo account is loaded with unlimited demo dollars and opportunities to participate in the broker’s demo contest to be one of the next champions. You can sign up for a free demo account in just a few minutes.

Octafx (non-EU) offers several deposit bonus deals, including a 50% bonus and a 100% bonus during special offer periods. In addition, there’s the trade & win promotion where traders can win gifts such as octafx t-shirts or gadgets. There are also contest opportunities, including the octafx 16 cars contest where traders are entered into a car prize draw every 3 months, as well as the champion demo contest 2020 for MT4 users.

Make sure to check all bonus terms and conditions before participating.

Regulation review

Octa markets cyprus ltd is authorised and regulated by the cyprus securities and exchange commission (cysec), under license number 372/18. EU member state residents are therefore protected by strict regulatory standards, including segregated client accounts and protection by the investor compensation fund.

The non-EU entity also claims to provide segregated client accounts to protect trader funds, as well as negative balance protection which ensures that trader account balances never fall below zero.

Additional features

Traders benefit from a range of additional education features and trading tools at octafx, including video tutorials and webinars, plus regular forex market insights and news. The brokerage also offers profit and margin calculators, as well as a forex signal service with the autochartist plugin and live quotes.

Octafx also offers a copy trading service, which is available on the desktop terminal and through the android mobile app. The copy trading services allows clients to automatically copy leading traders based on the equity and leverage of both the master trader and the copier’s accounts.

Octafx economic calendar

Account types

There are 3 account types available at octafx, which are determined by the trading platform you are using: micro (MT4), pro (MT5) and ECN (ctrader). Accounts are available in USD or EUR. The minimum trade volume across all accounts is 0.01 lots and there is no maximum.

The main differences between the accounts is the assets available to trade, the spreads and the minimum deposit amounts. The micro and ECN minimum deposit is 100 USD. The minimum deposit in the pro account is 500 USD. Commissions are also charged in the ECN account.

Account opening is easy and requires the submission of ID documents in line with KYC requirements. In most cases, if your documents are submitted clearly, verification should only take up to 3 hours.

There is also an islamic swap-free account for those worried about whether trading is haram or halal. Note clients from the united states are not accepted at octafx or octa markets cyprus ltd.

Benefits

Traders enjoy several benefits when trading with octafx vs the likes of FBS, IQ option and exness:

Metatrader and ctrader platforms

Bonuses and contests (non-EU)

Commission-free trading

EU regulation

Drawbacks

Compared to other brokers such as hotforex, XTB and olymptrade, octafx does fall short in some areas:

Not FCA regulated

Limited funding methods

Zero pip spreads unavailable

No copy trading on ios devices

Trading hours

Trading times in the MT4 and MT5 platforms are 24/5, from 00:00 on monday to 23:59 on friday server time (EET/EST). The ctrader server time zone is UTC +0, though you can set other time zones, such as GMT, for charts and trading information.

Customer support

For telephone support, non-EU clients can contact the helpline, +44 20 3322 1059, between 00:00 and 24:00, monday to friday (EET). For EU clients, the number to call is +357 25 251 973 between 09:00 and 18:00, monday to friday (EET).

There is also an email form, however, the fastest way to get in touch is via the 24/7 live chat service, which you can access by clicking on the chat logo at the bottom of the website. The support team are helpful if you need to know your withdrawal pin, any platform problems, VPS questions, or you want to delete an account.

In addition, you can find updates on the broker’s social media pages, as well as the octafx youtube channel.

The broker’s head office addresses are:

Octafx, suite 305, griffith corporate centre, beachmont, kingstown, st vincent and the grenadines

Octa markets cyprus ltd, 1 agias zonis and thessalonikis corner, nicolau pentadromos center, block: B’, office: 201, 3026, limassol, cyprus

The broker’s website is available in a number of languages for clients from indonesia, malaysia, pakistan and india.

Security

Octafx uses 128-bit SSL encryption and PIN codes in the personal area and trading platforms, which is the industry-standard security requirement for protecting personal data. The broker also applies 3D secure visa authorisation when processing credit and debit card transactions.

Octafx verdict

Octafx offers a promising trading service for novices and experienced traders, with a choice of metatrader or ctrader platforms as well as the copytrading app. The broker offers fee-free deposits and withdrawals, plus islamic accounts and a demo solution. The ECN spreads are also decent, though not as competitive as the zero spread accounts offered at other brokers like XM, for example.

Accepted countries

Octafx accepts traders from australia, thailand, canada, united kingdom, south africa, singapore, hong kong, india, france, germany, norway, sweden, italy, denmark, united arab emirates, saudi arabia, kuwait, luxembourg, qatar and most other countries.

Traders can not use octafx from united states.

Is octafx a legit company and regulated broker?

Octafx is a legit company registered in saint vincent and the grenadines. The EU entity is registered in limassol, cyprus and regulated by cysec. If you’re unsure whether a broker is a scam or legit company, you can always check out customer reviews online.

Is octafx a market maker?

No, octafx is a no dealing desk (NDD) broker and therefore acts as an intermediary between the trader and the real market. Octafx receives commissions from its liquidity providers for each transaction.

How do I delete my octafx account?

To delete your account, you will need to get in touch with the customer support team. Note accounts are automatically deactivated if you never deposit or sign in to them.

How do I open a copytrading account at octafx?

You can sign up and login to the copytrading account in a few easy steps. Once you login to your personal area, you can set up your copytrading profile and make a deposit to your wallet. You can also sign in to your new account using the android app.

Why was my octafx withdrawal rejected?

If you encounter a withdrawal problem, you will receive a notification in your email explaining the issue. Alternatively, if you need to cancel a withdrawal, you can do this within your personal area.

Does octafx offer any free bonus deals?

At the time of writing, octafx is not offering any free bonus deals, no deposit bonus deals or promo codes. There are other promotions available for non-EU clients. Make sure to check the bonus conditions before participating.

Is octafx legal in india and pakistan?

Yes, you can legally open an octafx account from 100 countries, including india, pakistan, singapore, ghana and the UAE.

Octafx review

Octafx facts & figures

Octafx review :
company information

Disclaimer risks incurred: you risk your capital. Statistically, only 11-25% of traders manage to make profits through forex trading and cfds. 75-89% of clients lose their investment. You must be able to afford to expose your capital to such risk

Octafx review :
platforms & tools

Octafx review :
trading accounts

Trading accounts at octafx brokers are categorized into three categories, based on the platforms preferred by clients. These accounts include:

Octafx review :
micro MT4 account

This account is recommended for beginners and does not charge any commission. The account offers both floating and fixed spreads and will require a minimum deposit of $ 100.

Octafx review :
MT5 pro account

It is also commission-free and offers a maximum leverage of 1: 200. The minimum deposit is slightly higher than the MT4 account and is set at $ 500. The waterline starts at 0.2 pips.

Octafx review :
ctrader ECN account

Octafx review :
octafx regulation security of funds

The concept of the entire regulation is to protect octafx traders and provide a safe trading environment.

Octafx review :
trading conditions & platforms

Octafx review :
minimum deposit

Octafx review :
influence

Regulators have generally imposed a limit on the level of leverage in order to protect traders from the high risk of trading margin, which can lead to losses well beyond the initial investment.

Octafx review :
spreads & commissions

Octafx review :
trading platforms

Octafx review :
bonus and promotions

Octafx review :
fees

Octafx does not charge deposit, withdrawal, inactive accounts. Fees

Octafx review :
research

Octafx review :
about octafx

Octafx review :
FAQ

Is octafx a scam?

We strongly recommend that you read the user reviews on our website before you start trading with this brokerage company. They will help you determine whether octafx is a scam or not.

Is octafx regulated?

What is the minimum deposit for octafx?

This minimum deposit is set at $ 100 and has a maximum leverage of 1: 500.

Is octafx legal in pakistan and india ?

Yes, you can open an octafx account from 100 countries, including india, pakistan, UAE,malaysia, and singapore.

How long does octafx withdrawal take?

Is very fast need 1 to 3 hours

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Octafx vs vantage FX

	octafx offers multi-asset trading on a range of platforms and mobile solutions.
Octafx offers multi-asset trading on a range of platforms and mobile solutions.

Octafx review :
rating & taders reviews

This article was written by our financial editor ramdi.

Fxdailyreport.Com

OCTAFX

Online since 2011

Spread from 0.2 pips

Leverage up to 1:500

5 digit (5 decimal pricing)

Metatrader 4

Regulation: FSA (saint vincent and the grenadines), cysec

Scalping, hedging, EA robot, news trading allowed

Free swap & commission

Payment options : credit cards, wire, neteller, skrill moneybookers, local bank for indonesian.

Visit now

Details

broker	OCTAFX
website URL	www.Octafx.Com
founded	2011
headquarters	vincent and the grenadines, VC0100, octafx UK in london, UK.
Support types	phone , E-mail , live chat , whatsapp
trading platform	metatrader, ctrader
minimum 1st deposit	$5
minimum account size	$5
minimum trade amount	0.01 lot
bonus	50% deposit bonus, real contest 1st prize luxury car BMW X5 M, copy trading, trade&win.
Leverage	500:1
spread	from 0.2 pips
free demo account
regulated
regulation	FSA (saint vincent and the grenadines), cysec
deposit methods	credit cards , wire transfer , neteller , skrill moneybookers , local bank for indonesian
withdrawal methods	credit cards , wire transfer , neteller , skrill moneybookers , local bank for indonesian
US traders allowed
mobile trading
tablet trading
overall score	9.77

Why must trade in octafx forex broker ?

Online since 2011

Spread from 0.2 pips

Leverage up to 1:500

5 digit (5 decimal pricing)

Metatrader 4, MT5 and ctrader platform

Copy trading

Regulation: FSA (saint vincent and the grenadines), cysec

Scalping, hedging, EA robot, news trading allowed

Free swap & commission

No re-quotes, tight spreads, and fast execution

Real contest supercharged 2: 1st prize BMW X5 M, 2nd prize lexus GS-F, 3rd prize honda civic type R

Payment options : credit cards, wire, neteller, skrill moneybookers, fasapay, local bank for indonesian.

Review of OCTAFX

Octafx is a brokerage firm that has been operational for over 7 years. It is based in st.Vincent and the grenadines in the island of the caribbean and offers both the ctrader and the metatrader platforms. Octafx has customers in over 100 different countries. Octafx seems to be regulated by the FCA although they fail to mention its FCA regulatory status on their website. Nevertheless, traders from the US are barred from using the account due to the ongoing NFA and CFTC guidelines. Here is a full review of the website.

Payment and withdrawals

Octafx supports a wide variety of payment options in local currencies for traders in over 100 different countries. They have a minimum deposit of 5 USD which is available through local banks or credit cards. You can also deposit a minimum of 50 USD for online payment processes like neteller and skrill moneybookers. They claim to have a 50 per cent bonus on initial deposits. There are however a set of conditions that you must adhere to in order to get the bonus. While this 50% bonus may increase you accounts equity, we strongly advise traders not to engage in the bonus before they meet the bonus terms and conditions. The website has had numerous complaints from traders who weren’t able to process payments due to the strict terms and conditions.

Trading platforms available

Octafx offers two main trading platforms that can be easily accessed from the computer or a mobile device. First octafx can be accessed through the highly popular metatrader series of forex platforms. They have used the MT4 for quite some time now with plans for the MT5 platform now underway. The MT4 platform is available on iphone, android, or any other windows compliant device. The company also uses the all-new ctrader platform which is considered as the new standard in forex trading. The platform’s access is similar to MT4 and can be accessed using any windows, android or IOS device. All these platforms come with the latest 128-bit SSL protection that ensures trading sessions, personalized data, and bank details are safely secured from the hacking community.

Fees and commission

The fees and commission of octafx vary depending on the type of account. The website offers three main types of accounts: the ctrader ECN account, the MT4 micro, and the MT5 pro. The MT4 micro is mainly for start-up traders or those with small investments. It includes 28 currency pairs, two metals (gold and silver), 4 indices, and 3 cryptocurrencies. The floating spreads start at 0.4 pips while the fixed spreads start at 2 pips furthermore, the minimum recommended deposit is 100 USD. The MT5 pro, on the other hand, is for the experienced traders. This account type offers the lowest spreads and less trading costs. With the MT5 pro, you can trade in 28 different currency pairs, 4 metals, 2 energies, 10 indices, and 3 cryptocurrencies. The floating spreads start at 0.2 pips. The minimum recommended deposit is 500 USD. The ctrader is more limited in product range compared to the other two accounts. The account offers 28 different currency pairs as well as two metals.

Research tools

Octafx has a variety of research tools under its trader’s tools section. Some the research tools include the autochartist, the daily analysis posts, and the economic calendar. The firm also produces video content like beginner trading video posts on youtube as well as several educational content and archived webinars.

Customer support

Octfx has a customer support service available in english, indonesian, chinese, spanish, malaysian, and thai their support methods include a live chat, email, phone, and a callback. They are accessible during business days and claim to handle over 200 queries in a day.

So, let's see, what we have: an up-to-date breakdown of octafx brokers fees, spreads commission, available leverages. Make an informed decision before opening your trading account. (2020) at octafx spread