OCTAFX BROKER REVIEW
OCTAFX REVIEW AND INFORMATION
Is OCTAFX a safe and reliable broker? Is OCTAFX.COM a good forex broker? Find the latest trader’s reviews for OCTAFX, get the details and information of OCTAFX trading broker. Find out all about initial deposits, regulations, features, platforms, customer support and much more when trading with OCTAFX Broker.
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ABOUT OCTAFX
OCTAFX RATING REVIEW
OctaFX
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Summary
OctaFX is one of those Forex brokers that have an excellent reputation in the financial markets due to their unique service offering, which caters to the different requirements of a wide variety of retail traders.
OctaFX was founded in 2011 and offers Forex ECN trading, as well as CFD trading on Indices, Metals and Cryptocurrencies, across the MetaTrader and cTrader suite of trading platforms for Windows Desktop, Web (Windows and Mac) and Mobile (Android and iOS), as well as their own OctaFX Trading App.
OctaFX is recognised globally for offering the lowest spreads in the industry and prides itself on its award-winning trading conditions. OctaFX is an excellent provider of CFD and Forex trading to clients in over 100 countries. The broker uses separate accounts to keep protected customers funds segregated from the company’s balance sheets.
OCTAFX is built for those who want to day-trade currencies at high leverage and low minimum deposits. The services and features offered by OctaFX are designed for both beginner and professional traders, with access to Micro, Pro and ECN accounts, as well as the OctaFX Copy Trading programme and an impressive range of education and trading research tools including AutoChartist.
Accounts can be opened with a balance of just $5 and leverage is available as high as 1:500. This means that anyone can open an account on Octa Markets without needing to worry about high barriers to entry in order to engage in currency trading.
OctaFX seems to be highly committed to ensuring an excellent result in customer satisfaction and client retention. They really care about their clients and their customer support team is proven to be the most helpful and professional in the industry. In addition, their bonuses and competition offers are worth mentioning as well.
OctaFX proves to be highly proactive in eradicating consumer complaints by actively working with their clients and ironing out issues through amicable means. They offer exhaustive Education section and free demo account with exactly the same conditions and execution speed as the real one. It comes in handy for beginners or those who want to test-drive OctaFX services without risking personal funds.
OctaFX is a trustworthy broker that is properly regulated by the major authorities.This includes a license of the British Financial Conduct Authority (FCA). OctaFX was also registered in 2011 in Saint Vincent and the Grenadines under license number 19776 IBC 2011. So they act in full compliance with international legislation and regulation standards.
The broker’s OctaFX.eu website is an approved domain registered with the Cyprus Securities and Exchange Commission (CySEC) under Octa Markets Cyprus Ltd. This enables users to trade with a broker under European regulatory oversight. The broker’s OctaFX.com website is registered in St. Vincent and the Grenadines and has no restrictions from European regulators, enabling users to take advantage of higher leverage and bonus promotions.
Nevertheless, US traders are barred from opening an account with the broker due to the existing CFTC and NFA guidelines.
OctaFX offers an ECN account for as low as $5 initial deposit and is one of the very few brokers to do so. $5 qualifies for either an MT4 Micro account or the cTrader ECN account. MT4 and cTrader are the two primary OctaFX platforms, and the broker has covered a majority of the traders by offering two of the most popular platforms in the currency market. Although MT4 is the more popular among the two trading programs, cTrader offers advanced trading features that suit a particular group of retail and institutional traders. cTrader platforms are also better matched for the ECN platform, which essentially lowers the OctaFX spreads to 0 pips with a small commission per trade.
OctaFX supports multiple payment options and also offers a local currency deposit option for traders in 100 different countries. The $5 minimum deposit option is only available through credit cards or local bank transfers, while a minimum deposit of $50 is required for online payment processors such as Skrill and Neteller.
OCTAFX offers negative balance protection and segregation of client funds.
OctaFX spreads are highly competitive for all three different account types, and the commissions are also on the lower side. The quotes at OctaFX are quoted at up to 5 decimal places and start from as low as zero pips for their ECN accounts.
The cTrader account is also free from SWAP, which can further reduce the cost of trading for overnight trades.
OCTAFX really care about their clients and their customer support team is proven to be the most helpful and professional in the industry. OctaFX has an award-winning customer support channel, and it is their unwavering devotion towards their clients that has earned an excellent reputation for the company.
OctaFX offers 24 hours a day, 5 days a week customer support through Live Chat, Email, Phone, WhatsApp and an Enquiry Form across multiple languages including English, Indonesian, Hindi, Chinese and more.
OCTAFX SERVICE PERFORMANCE
Professional Trading Condition
MT4 and cTrader are the two primary OctaFX platforms, and the broker has covered a majority of the traders by offering two of the most popular platforms in the currency market. cTrader platforms are also better matched for the ECN platform, which essentially lowers the OctaFX spreads to 0 pips with a small commission per trade.
Deposit Withdraw Options
Depositing and withdrawing funds from OctaFX are commission-free and the broker, offers a 50% deposit bonus as shown in the Deposit section of the OctaFX Personal Area. Minimum deposits for Neteller and Skrill are both 50 USD. While withdrawals also have a minimum amount of 5 USD users will need to verify their accounts by verifying their name and residence.
Extensive of Trading Instruments
The tradable products available from OctaFX vary depending on the type of account opened (MT4 Micro, MT4 Pro, cTrader ECN) but covers Forex, Indices, Metals and Cryptocurrencies. Trading costs such as spreads, commissions and swaps vary depending on the account type and the trading platform being used.
More Trading Features
OctaFX offers a variety of additional trading features such as Copy Trading and the AutoChartist trading and research tool. Users of OctaFX can gain access to AutoChartist trading signals which offers a variety of benefits to traders. OctaFX users can also access the broker’s copy trading services where they can follow other traders.
OCTAFX BROKER FEATURES REVIEW
WHY TRADING WITH OCTAFX BROKER
OCTAFX Trading Condition
OctaFX has already garnered a number of prestigious industry awards and favorable testimonials, a good basis for choosing this relatively new entrant in the forex broker arena.
OCTAFX Deposit Withdrawal
OctaFX supports multiple payment options and also offers a local currency deposit option for traders in 100 different countries. Boost your profitability and get a free bonus with every deposit.
OCTAFX Trading Platform
MetaTrader and cTrader suite of trading platforms for Windows Desktop, Web (Windows and Mac) and Mobile (Android and iOS), as well as their own OctaFX Trading App.
OCTAFX Safety and Secure
Client deposits are always held in safe and secure accounts, segregated from the firm’s operating capital. Account funding is 100% automatic and processed 24/7, while same day withdrawals are guaranteed.
OCTAFX Service Support
OctaFX offers an impressive range of Traders Tools including market insight reports, economic calendars, trading and profit calculators and more. Also wide range of educational articles, videos and tutorials for forex traders.
OCTAFX Partner Program
More than thousand of affiliates and IB's from 190 countries choose OCTAFX as their partner. They refers clients to OctaFX on a regular basis and earns commission from the clients’ trading activity.
OCTAFX TRADING ACCOUNT REVIEW
TYPES OF OCTAFX TRADING ACCOUNT
OCTAFX STATISTIC REVIEW
SOME FACTS ABOUT OCTAFX CLIENTS, TRADING VOLUME AND MORE
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OCTAFX DEPOSIT WITHDRAWAL REVIEW
OCTAFX DEPOSIT AND WITHDRAWAL PAYMENT METHOD
MORE THAN 1.500.000 SATISFIED OCTAFX TRADERS REVIEWS
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OCTAFX BROKER REVIEW
Find the latest trader’s reviews for OCTAFX, get the details and information of OCTAFX trading broker
OCTAFX SUPPORT REVIEW
CONTACT OCTAFX SUPPORT FOR HELP ANYTIME
OCTAFX OFFICE
Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines
OCTAFX SUPPORT EMAIL
support@octafx.com
OCTAFX WORKING HOURS
Monday - Friday 00:00 - 23:59