Prior to the announcement, OctaFX only provides Metatrader4 platform for its clients. The launch of cTrader platform underlines OctaFX commitment in sharpening its reputation as STP/ECN Broker.
Yesterday (29/9), in a newsletter for its clients, online forex broker OctaFX announced the launch of OctaFX cTrader platform. Prior to the announcement, OctaFX only provides Metatrader4 platform for its clients. The launch of cTrader platform underlines OctaFX commitment in sharpening its reputation as STP/ECN Broker.
According to OctaFX, Developed for ECN trading, cTrader provides full STP access to the currency trading markets. You can trade directly with prominent global banks. Dealing desk intervention is impossible, guaranteeing you a new level trading field that helps you reach your goals. cTrader provides fastest entry and execution, orders are filled in just milliseconds. cTrader also supports simultaneous order processing.
OctaFX cTrader trading platform is available in desktop, iOS, Android, as well as web-based. To complement the platform, there is also cAlgo that enable the development of algorithmic trading with cBots and custom technical indicators with C#. With the platform, clients will be able to take advantage of Level II Pricing, Advanced Chart Trading, create and save chart template. Clients could use one platform for multiple accounts. In addition, OctaFX mentioned that they are preparing something big for cTrader users.
Online forex broker OctaFX was established in 2011 and is regulated under St.Vincent and the Grenadines law. The online forex broker is particularly popular in Indonesia, and they are curently sponsoring one of major soccer club in the country, PERSIB Bandung. Additionally, the broker have held monthly demo trading competition that is quite a favorite among Indonesian traders for more than two years.
On another note, we have noted a certain trend among forex brokers in regard of trading platform. Although Metatrader4 remains a favorite among forex traders, brokers are now moving on to provide alternative platforms like cTrader and SIRIX along with Metatrader 4. Earlier this month, Japan's Monex Inc even axed Metatrader 4 and chose to focus on TradeStation and Tradable. The news follows the offering of SIRIX by Australian forex broker IC Market and Tradable by FCA-regulated One Financial Market in August. Although the use of Metatrader4 is deemed convenient by majority, other platforms has developed enough comparative advantage that interest forex traders, both newcomers and old-timers, and continue to expand themselves.
OctaFX is an international forex broker that operates worldwide. The domain belongs to a group of companies called Octa Markets Incorporated which is registered with St. Vincent and Grenadines FSA. Currently, the company focuses on Asian, South African, and Australian markets. OctaFX.com does not accept European clients as this market is specifically appointed to OctaFX.eu (regulated by CySEC).