Having a broker with zero fees on deposit and withdrawal can help you reduce your trading costs. Follow this article to find 7 brokers that get rid of deposit and withdrawal fees.
For forex traders, account funding is a crucial aspect to think about. This is mostly because deposit and withdrawal processes are directly related to the traders' funds. Besides, the payment feature can be really important to measure a broker's reliability; the majority of scam brokers use this feature to trick clients because they only want to take away their clients' money. That is why as a trader, it is essential to put this aspect into consideration.
In that case, each broker has different sets of policies regarding deposit and withdrawal services, one of them being the fees or commissions that will be charged to traders. Apart from convenience and safety, traders should pay attention to the fees in the deposit and withdrawal service. If the commission is too high, it will definitely cause a significant amount of cost. That is why forex brokers with low deposit and withdrawal fees are preferable in the eye of many. But even more than that, do you know that there are forex brokers that eliminate all the deposit and withdrawal commissions completely?
Why It Matters
Basically, the deposit and withdrawal fee is a part of the trading costs. Deposit fees are usually charged as a part of industry practice, while on the other hand, withdrawal fees are usually charged by the payment method. So withdrawing funds via bank wire might generate a different amount of fees from when it is processed by an e-payment. The details of all of these charges are usually posted on the broker's official page.
Since the amounts of those fees are relatively small, many traders tend to overlook them. But a good trader would pay attention to this detail because it deals with the trading cost. As a matter of fact, avoiding unnecessary high deposit and withdrawal fees could give them extra money that can be added to the trading account as a deposit. This is why brokers with low or zero deposit and withdrawal fees are essential.
Forex Brokers with Zero Fees on Deposits and Withdrawals
Some brokers that provide third-party transfer methods can make the deposit and withdrawal activities free of charge because the transaction is basically transferring funds from one account to another. If you are interested, here we have listed 7 brokers that provide zero fees on deposits and withdrawals.
Interest rate on funds
Trading by telephone
Islamic accounts available
Requires sending documents via postal mail
Established in 2009, XM is a member of an online brokerage company called Trading Point of Financial Instruments Ltd. In providing clients on a global scale, the company has branched into XM Australia and XM Global, and XM Cyprus. Each member has different headquarters and licenses, with XM Australia registered under the Australian Securities and Investment Commission (reference number: 443670), XM Global under the IFSC (60/354/TS/19), and XM Cyprus under the Cyprus Securities and Exchange Commission (reference number: 120/10).
XM is one of the more experienced brokers in the world of online forex trading today. Since its founding, the broker has experienced a lot of changes, including the addition of the Ultra-Low Account and Webinar feature that is accommodated in 19 different languages with 35 native instructors for each language.
In terms of trading instruments, XM is a well-known diverse class assets provider, varying from Forex, Commodities, Equity Indices in CFDs, Precious Metals, Energies, to Shares. XM prides itself to be the ideal broker in trading execution, offering a stat of 99.35% orders to be executed in less than 1 second. Trading in XM would be also provided with a strict no requotes policy, no virtual dealer plug-in, no rejection of orders, real-time market execution, and the choice for traders to place orders online or by phone.
Spreads on all majors can reach as low as 0.6 pips in Ultra-Low Account, while spreads on other accounts usually start from 1 pip. Instead of providing maximum leverage on the scale of 1:500 or 1:1000 (round numbers), XM chooses to limit their leverage on a 1:888 scale, a unique number that is now widely recognized as XM's trademark.
To protect the client's fund in the event of extreme volatility, XM presents each account type with Negative Balance Protection. The deposit starts from $5 in Micro and Standard Account, while Ultra-Low Account requires a minimum deposit of $50. Traders who open accounts in XM are enabled a condition similar to a Cent Account environment in the Micro Account, in which the Contract Size for every lot is only 1,000 units. If it is applied with the smallest lot size in the MetaTrader platform which amounts to 0.01, it means that traders can go as small as 10 units per trade.
For the deposit, XM applies zero-fee deposits in most of its available payment methods. Traders can choose to fund or withdraw their accounts via wire transfer, credit card, as well as the most favorable e-payment choices like Skrill, Neteller, and FasaPay.
XM also provides an Islamic Account for Muslim Traders obligated to Sharia Law that prohibits the use of interest generated by overnight swaps for each currency pairs. To give their clients the best experiment in trading, XM has given access to both MT4 and MT5 platforms, each is available for more than 6 display formats (PC, Mac, Multiterminal, WebTrader, iPad, iPhone, Android, and Android Tablet).
All in all, there is no doubt that XM has gone global with its deep commitment to providing trading services in more than 15 languages around the world. Aside from easing traders' experience with mainstream trading platforms and high-quality trading execution, XM is open to various types of traders, from small capital traders to the more experienced ones with big deposits at the ready. Traders are even provided with a Cent Trading environment should they choose to register under Micro Account.
XM is a well-known global broker that has long applied Zero Fees as a part of their service. Basically, the program emphasizes a 0% deposit and withdrawal fee for every transaction, whether the trader uses the wire transfer, credit card, or e-currency.
The only condition for this promo is the minimum deposit for wire transfer. If you use the payment method, you must deposit at least $200 so that the fee can be covered by the broker. To enjoy this service, you only need to register on the broker's official website and open a trading account.
Variable and Fixed
Islamic accounts available
The choice of broker is adjusted to the needs of each trader. If you are a trader who only needs a basic platform and trading features with the best attributes, then Exness can be your best choice .
Exness covers its lack of feature variations with other advantages like low spreads starting from only 0.1 pip. This is very suitable for traders who use scalping strategies (Scalper). Spreads on major pairs in certain account types can also be as low as 0.0 pip, depending on market conditions.
Not only that, but traders can also enjoy other advantages such as an automatic fund withdrawal system. If a trader withdraws funds through the e-Payment facility provided by Exness, the processing time is instant and goes straight into the account. This means that when traders make a withdrawal, everything happens automatically without human intervention.
The safety of traders' funds is also guaranteed as Exness is one of the European-based STP/ECN brokers. Exness's ability to become an official partner of the Real Madrid soccer team for 3 years, starting July 2017, also provides evidence that the company has high solidity.
Deposits and withdrawals may be made 24 hours a day, 7 days a week. However, it is important to note that the company shall not be liable for delays in processing deposits and withdrawals if such delays are caused by the payment system.
Traders do not need to worry about transaction fees when depositing and withdrawing. When trading on Exness, transaction fees are not charged to traders. A variety of payment methods are provided for traders, including Wire Transfer, Bank Card, Neteller, Skrill, and many others.
All information displayed on the Exness website is tested and proven. Their business is audited quarterly by Deloitte, which is an audit company for financial services.
Moreover, Exness is one of the mote transparent brokers in the online trading industry. Traders can find out all information about this company on the website, such as trading volume, number of active clients, client deposits, company funds, and many more.
The platforms provided by Exness vary in MetaTrader 4, MetaTrader 5, Web, and Mobile platforms. This makes it easy for traders when trading on Exness, as they can also access Exness platforms anywhere and anytime.
Over the years, Exness has developed into a broker that attracts traders. Trader's trust is further enhanced by its compliance with financial regulations like the FCA and CySEC.
One measure of client confidence can be put on the trading volume. By December 2018, their clients' monthly trading volume reached USD348.4 billion and active traders around the world surpassed 50,342.
Through the program offered by Exness, traders also have the opportunity to earn extra income by becoming their partners. From the Introducing Broker (IB) program, partners can earn up to 33% spread commission from every new client that registers with them.
Additional income can also be obtained from Exness Partners. Traders can get a spread commission of up to 25% per transaction made by traders who register through an affiliate link.
When trading with Exness , profit opportunities generated by traders also increase with VPS hosting services. This feature helps to maintain trading activities to progress smoothly and without interruption in the event of unexpected troubles such as lost internet connection or electricity problems that shut down traders' PCs unanticipatedly.
From the review above, it can be concluded that Exness is a favorite broker for traders because of low spreads and flexible account types. This condition is very suitable for traders with limited funds but is in need of more opportunities to get maximum profit. This broker is also well known for its maximum support on both new and existing partners.
Similar to the previous broker, Exness provides zero deposit and withdrawal fees for all types of payment methods. The broker itself offers quite a wide range of funding methods including wire transfer, credit card, and a string of e-payment services. In certain regions, deposit and withdrawal can even be done via local banks. Instead of offering it as a promotion, Exness chooses to apply it as a permanent feature. However, it should be noted that for deposit and withdrawal activities via credit card, there is a minimum transaction limit. For each transaction that is less than the minimum limit, Exness applies a relatively small commission for both deposits and withdrawals.
Interest rate on funds
Trading by telephone
Islamic accounts available
OctaFX is one of the most famous brokers in the world and has won many awards for its very comfortable trading atmosphere and proximity with customers. OctaFX was founded in 2011 with headquarters in Strovolou 47, Kyros Tower, Nicosia.
Prestigious awards that have been received by OctaFX include the Best ECN/STP 2019 and the 2019 Best Broker in Asia given by FX Daily Info. The Global Banking and Finance Review magazine also gave the Best Broker award in Asia in 2018 to this broker. More than that, there were also awards from European CEO Magazine (Best FX Broker 2018 and Best Trading Conditions).
For traders in most countries, OctaFX is under the authority of Octa Markets Incorporated and is registered in Saint Vincent and the Grenadines. This broker also provides various facilities, such as providing support services by live chat and WhatsApp in Indonesian. Not only that, deposits and withdrawals of funds can be done through various local banks. OctaFX does not charge commissions for every deposit and withdrawal of funds made by traders.
OctaFX offers different types of accounts that are carried out with market execution (STP/ ECN) and floating spreads from 0.2 pips. A variety of forex strategies, ranging from Scalping, Hedging, and the use of Expert Advisors are permitted in all accounts at OctaFX brokers.
There is also a fixed exchange rate offer when opening a Micro MT4 account. All deposits made in IDR will be calculated at the rate of USD1 = Rp10,000 and will be entered into the trader's account balance. Also, Swap-free accounts are available for Muslim traders who want to avoid overnight interest.
Trading in OctaFX is also suitable for novice traders. Because OctaFX offers low spreads, which are floating starting from 0.0 pips. The required initial deposit is also low, only USD50. The currencies used on the account are US Dollars and Euros.
OctaFX gives a bonus of 50% each time a trader makes a deposit. That way, the capital gained by the trader becomes bigger. Opportunities to open positions increased and deposit bonuses can be withdrawn on the terms and conditions.
If traders are still confused about calculating profits, the OctaFX platform provides a trading calculator for each account type. Traders only need to enter the currency pair being traded, the amount of leverage, the number of lots, and the type of currency used in the account.
Opportunities to get profits are also getting bigger with the Autochartist feature. Traders will get notifications quickly when there is a profit signal in trading. The accuracy of the trend prediction reaches 83%.
Traders do not need to worry about the safety of funds at this broker. OctaFX uses segregated accounts and protects personal data and online financial transactions with SSL technology. This is adjusted to the international accounting standards and regulations.
Another advantage offered by OctaFX is the Trade & Win program. Opening an account in OctaFX would open the opportunity to collect trading lots, which can be accumulated into a variety of attractive prizes. Traders only need to open a real account on MetaTrader4 or MetaTrader5 through OctaFX and simply exchange the prize lot in this promotion. Prizes that can be obtained by traders include T-shirts, Android Smartwatches, smartphones, and laptops.
Traders need not worry about missing out on promotions. Because OctaFX often bonuses and other promotions. This broker holds a trading contest every week on a demo account with real prize funds that can be used for trading.
One example of a prize contest is OctaFX Champion - MT4 Demo Contest. With a total prize of USD 1,000, there are places for 4 winners in each contest period. OctaFX broker also provides contests on the cTrader platform, titled cTrader Weekly Demo Contest. As the name implies, this trading contest is held on a demo account for 1 week and uses cTrader as the platform.
Compared to the previous brokers, the variety of deposit and withdrawal methods in OctaFX is quite limited. Nonetheless, all of them are free of charge and guarantee instant transfers. According to the OctaFX official website, all deposit and withdrawal methods are processed with instant speed, except for the local bank transfer which takes approximately 10 minutes. This is really convenient for traders who frequently deposit and withdraw from their accounts.
4. IC Markets
ASIC, ACN 123 289 109
Interest rate on funds
IC Markets is an online forex broker operating under the company of International Capital Markets Pty Ltd. Traders under the Australian jurisdiction are provided with the trading service of IC Markets AU that is headquartered in Australia and licensed by the Australian Securities and Investments Commission (ASIC).
On the other hand, non-Australian traders who open an account in this broker are registered under IC Markets SEY that is based in Seychelles, and regulated under the Seychelles Financial Services Authority (SFSA). The dual operation is a result of the relatively new rules from ASIC that prohibit their regulated broker to offer trading services outside Australia.
Classified as an ECN broker, IC Markets provide clients with MetaTrader 4, MetaTrader 5, cTrader as platform trading options. This broker also follows market trends to include Cryptocurrencies as one of its products, enriching its already wide selection of trading assets that include Currencies, Indices, Metals, Energies, Softs, Stocks, as well as Bonds.
The minimum deposit in IC Markets is in the middle range compared to other ASIC-regulated brokers, as it reaches $200 for every client. Market analysis materials are also prepared regularly for trading insights on IC Markets's official website , proving their competence to serve their traders with important contents created by market experts that work specifically for them.
For payment methods, IC Markets allows funding and withdrawal via wire transfer, credit card, PayPal, Skrill, Neteller, FasaPay, UnionPay, as well as Bitcoin via BitPay. The more interesting aspect from this broker is its multi-base currencies that include USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, and CAD.
As the trading technology in IC Markets is highly equipped with co-located servers and extremely low latency (especially on cTrader), the broker is widely known for its capability in hosting traders with the special needs for high-frequency trading as well as scalping.
To sum up, IC Markets is a fitting destination for active traders looking for a well-regulated broker. IC Markets is also flexible in terms of base currency and payment methods, signaling their commitment to welcome traders beyond their home country. As of late 2019, IC Markets provided their website in 18 international languages including English, Korean, Indonesian, French, Spanish, Italian, Malay, German, and Chinese.
IC Markets is a well-known ASIC-regulated broker originating from Australia. All deposit and withdrawal methods from this broker are apparently free of charge. You can choose from quite a wide range of options including PayPal, Neteller, Skrill, FasaPay, wire transfer, and many others. All methods can also be processed instantly, except for wire transfer that usually takes around 12-48 hours. If you're not sure what method to use, the broker recommends its traders to use credit cards or Paypal.
See Also: List Of Brokers Accepting PayPal
In FXOptimax, traders will get zero deposit and withdrawal fees for transactions via certain e-payments. The broker recommends the use of Neteller, but it isn't completely free of charge. The other methods that you can choose are FasaPay, Perfect Money, or OKPay. All three of those have the same processing time and a minimum transaction amount. You can make transactions for as low as $1 and deposit instantly. Meanwhile, for the withdrawal process, you will need to wait for a maximum of 1 working day after the withdrawal request is confirmed.
Variable and Fixed
IFSC (Belize), 000138/210
Interest rate on funds
Islamic accounts available
Well-known as one of the most committed brokers in trading technology advancements, RoboForex reaches out to a wide range of traders, from beginners to the more experienced ones who seek sophisticated trading environments with ECN-like spread and execution. The company is established in 2009 and holds a head office in Belize. Registered under the IFSC Belize, RoboForex manages to attract clients with fantastic leverage as high as 1:2000.
As for the service for European-based traders, RoboForex specifically operates a different brand called RoboMarkets that is still a member of the head company (Robo Holding Company) and has an office in Cyprus. The operation is licensed under Cyprus Securities and Exchange Commission (CySEC).
Following its commitment to be the forefront in terms of a high technology forex broker, RoboForex provides various trading platform choices including MetaTrader 4, MetaTrader 5, cTrader, Social Platform, and its proprietary platform.
Trading instruments range from Currencies to Metals, Indices, Energies, Stocks, ETFs, and Cryptocurrencies. Aside from basic service, trading in RoboForex also presents a collection of distinctive features such as the PAMM system and Social Trading network developed with their own brand of CopyFX, ETFs, and stocks that reaches up to thousands as the available trading assets, tight spreads, and payment method via Bitcoin and Ethereum.
RoboForex also accepts payment through a surprising online gateway besides wire transfer and credit card. The alternative methods are Skrill, Neteller, FasaPay, UnionPay, WebMoney, Perfect Money, Qiwi, and other similar online payments.
After opening an account , traders can start with a minimum deposit as low as $10 in Pro Accounts. To specify, here is a short description of each type of accounts that traders can choose from in RoboForex:
- Minimum Deposit: $10
- Spread: from 1.3 points
- Minimum order volume: 0.01
- Leverage: up to 1:2000
- Minimum Deposit: $10
- Spread: from 0 points
- Minimum order volume: 0.01
- Leverage: up to 1:300
- Minimum Deposit: $5,000
- Spread: from 0 points
- Minimum order volume: 0.01
- Leverage: up to 1:100
- Minimum Deposit: $10
- Spread: from 1.3 points
- Minimum order volume: 0.1
- Leverage: up to 1:2000
- Minimum Deposit: $100
- Spread: from $0.01
- Minimum order volume: 1 stock
- Leverage: up to 1:200 (during the trading session) and up to 1:4 (after the trading session)
The R Trader account signifies RoboForex's attempt to distinguish forex and stock trading condition. It appears that the platform used in that particular account is RoboForex's in-house product that is specifically designed for stock online trading.
The overall description above depicts RoboForex as a distinguished broker despite its status as an offshore-regulated entity. Not only successful in providing various trading technology, but RoboForex also focuses on stock trading for more conservative traders. However, it is also important to note that RoboForex is one of the few brokers that boldly offer an extremely high perimeter of leverage at 1:2000.
The concept of deposit and withdrawal fees in RoboForex is similar to XM; the company compensates additional fees based on the transaction method. You can even see for yourself how much deposit and commission funds are covered by RoboForex, because they are displayed separately in the Member Area. However, the replacement of the commission that allows the free deposit does not apply to withdrawal transactions. Any withdrawal in this broker will be subject to commission. The lowest is FasaPay with a withdrawal fee of 0.5%.
See Also: List Of Brokers Accepting FasaPay
Variable and Fixed
Islamic accounts available
Ever since its establishment in 2006, FxPro has successfully expanded to serve retail and institutional clients in more than 170 countries. Their head office is in London, UK.
FxPro UK Limited is authorized and regulated by the FCA since 2010. Meanwhile, other subsidiaries such as FxPro Financial Services Limited is authorized and regulated by CySEC since 2007 and the FSCA since 2015. Because of that, traders do not need to worry again about their funds safety. As a strong proponent of transparency, it established the highest standards of safety for clients' funds, as the company chooses to keep the funds in major international banks, fully segregated from the company's funds.
They always try to provide transparent and ethical practices across the global trading industry. In 2018, 74.65% of market orders were executed at the requested price while 12.8% of the client's orders were executed with positive slippage. Also, only 1.4% of all instant orders received a requote with 0.72% of them receiving better price when executed.
The total number of trades in FxPro has increased from year to year. In 2018, the number of trades achieves 53.6 million. Based on trust from their clients, FxPro received awards as Most Trusted Forex Brand UK 2017 by Global Brands Magazine. Besides, they became the first broker to sponsor an F1 team in 2008. There are around 60 UK and International Awards which had been achieved by FxPro.
They are committed to create a dynamic environment that equips traders with all the necessary tools for their trading experience. Opening an account in FxPro grants access to more than 250 CFDs on 6 asset types, including forex, shares, spot indices, futures, spot metals, and spot energies. They want to provide their clients with access to top-tier liquidity and advanced trade execution with no dealing desk intervention. The average execution time is less than 11.06 millisecond with up to 7,000 orders executed per second. Those advantages enable traders to benefit from tight spreads and competitive pricing.
Furthermore, FxPro is recognized as an innovative broker. The company allows its clients to enjoy a wide range of trading platforms, such as MetaTrader 4, MetaTrader 5, cTrader, and FxPro Edge. Web-based versions and mobile applications are also available so that traders can access financial markets at any time and anywhere.
Traders can choose platforms according to their needs. Fans of MT4 is provided with instant execution and easy-to-use trading platform. In this account, leverage is up to 1:500 and spreads start from 1.6 pips without commissions.
If traders want to get experience with more modern technology, traders should choose FxPro MT5 Accounts. In this account, spreads start from 1.5 and leverage is up to 1:500 without commissions.
Another type of accounts is FxPro cTrader. It is suitable for traders who give priority to the speed of execution with the most restrictive spreads compared to other account types'. FxPro cTrader is a powerful trading platform offering the best available bid and ask prices, with orders filled in just milliseconds. The platform also provides Market Depth and trading analysis tools. In this account, spreads start only from 0.3 pips. But, traders have to pay commissions $45 per $1 million traded (upon opening and closing a position) in forex and metals.
The key difference between MetaTrader 4, MetaTrader 5, and cTrader lies in the range of the CFD products that are available. The MT4 platform gives traders a chance to open positions on all of the 6 asset classes, whereas the MT5 doesn't support shares, and cTrader doesn't support shares and futures.
Besides 3 types of platforms above, trading in FxPro also enables access to FxPro Edge. This platform offers clients a new way to trade the markets in the form of spreads betting.
Each broker has pros and cons, and FxPro is not an exception. Aside from the advantages as explained before, FxPro has a high minimum deposit. Also, there are not many types of payment and withdrawal methods available at FxPro. Some types of methods even require traders to pay fees. However, it is still important to note that clients can trade forex, shares, indices, metals, and energies, with limited risk account at no additional cost in Fxpro
Regardless of the advantages and disadvantages, FxPro can be traders' choice as one of the best brokers with sophisticated technology. The company is suitable for traders prepared to trade with funds starting from $500.
FxPro is a trusted broker with many clients from all over the world. The broker applies different rules and services in certain regions. For example, clients from the UK will receive services according to FxPro UK which is FCA-regulated. Meanwhile, traders from the Middle East will be facilitated by FxPro Global Markets MENA Ltd., which has been adjusted to the rules of the DFSA (Dubai Financial Services Authority). That is why the concept of deposit and withdrawal at FxPro varies depending on the region and the regulations.
Among all areas, FxPro's policies according to CySEC rules are the most flexible. You can choose from 6 payment methods, which vary from wire transfer to popular e-payment like PayPal and Skrill. Five of the withdrawal medium deposits are free of commission. Unless you make a withdrawal without opening any trading positions, any withdrawal via credit card and e-currency can be processed free of any commission. FxPro does not even introduce a penalty for refunds made via PayPal, as long as the transaction is processed within 6 months after depositing via the same method.
3 Things to Consider Carefully
With the wide options of services to choose from, it might be challenging for traders to decide which broker suits them the best. Indeed, choosing a broker is not an easy task even after thorough research and you manage to list the potential brokers to choose. To make it simple, there are at least three aspects that you must consider regarding deposit and withdrawal fees:
1. The Concept of the Service
First, find out if the zero deposit and withdrawal fee is a part of the broker's permanent policy or is it only provided as a temporary promotion. This is important because if it's temporary, then the program can be taken down anytime they want. Though some brokers already have it for a long time and manage to implement it continuously like XM, there is always a chance that the program will be stopped.
See also: List of Active Forex Promotions
2. Transaction Limit
Some brokers impose certain conditions that must be fulfilled to get the zero fees service. Thus, it is essential to know about these conditions. If the requirements are not met, you won't get the free commission on deposits and withdrawals. Checking the terms beforehand could also save you from unnecessary dramas should you encounter any surprising problems that arise from this particular condition.
3. Transaction Type and Payment Method
Lastly, pay attention to the type of transactions and payment methods. This is due to the fact that it is possible that the broker does not apply this feature for all transactions but let's say for deposit only or wire transfer only. You should not be so quick to assume that the feature will be applied for all deposit and withdrawal transactions.
Zero deposit and withdrawal fees can be a very beneficial feature for traders, since it can help them reduce the trading cost and allocate the funds for trading or other purposes. Many brokers provide this service either as a part of their permanent policy or seasonal promotion to attract more traders. Yet, as a trader, you should not only focus on this feature and ignore the rest. Keep in mind that each broker has its own pros and cons depends on their overall services.
To help you compare some of the brokers above by their overall services, here is a table to take a look at:
rated by 171 users
rated by 565 users
rated by 990 users
|Office(s)||Australia, Cyprus, Greece and Hungary||Cyprus, Seychelles and United Kingdom||Saint Vincent, Grenadines and United Kingdom|
|Regulation|| ASIC 443670 |
CNMV (Spain), 2010157773
CONSOB (Italy), 3046
FCA (UK), 538324
FSP (New Zealand), FSP235905
| CySEC 178/12 |
FCA (UK), 730729
FSA (Seychelles), SD025
FSCA (South Africa), 51024
|CySEC, 372/18 |
FCA (UK) 679306
IFSA (St. Vincent and Grenadines), 19776 IBC 2011
|Minimum Position||0.01 lot||0.01 lot||0.01 lot|
|Payment||CashU, Credit/debit cards, FasaPay, giropay, iDEAL, Moneta.Ru, Neteller, paysafecard, QIWI, Skrill, SOFORT, UnionPay, WebMoney, Western Union and Wire transfer||Bitcoin, Credit/debit cards, Neteller, Perfect Money, Skrill, Tether (USDT), WebMoney and Wire transfer||Bitcoin, Credit/debit cards, Neteller and Skrill|
|Official Website||Visit XM||Visit Exness||Visit OctaFX|
|Forex Demo Account|
|US traders are welcome|
|Requires sending documents via postal mail|
|Overnight interest rates (swaps)|
|Trading by telephone|
|Interest rate on funds|
Trading Platforms and Complements
|Trading via API|
|One-Cancels-Other (OCO) orders|
|Gold & silver|
|Website Languages||Arabic, Chinese, English, French, German, Greek, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Turkish||Arabic, Bengali/Bangla, Chinese, English, French, German, Hindi, Indonesian, Italian, Japanese, Korean, Portuguese, Russian, Spanish, Thai, Urdu, Vietnamese||Bengali/Bangla, Chinese, English, German, Hindi, Indonesian, Malay, Portuguese, Spanish, Thai|
|General Review||Read XM Review||Read Exness Review||Read OctaFX Review|
|User Reviews|| |
P. RichardJul 21 2020
To ease your withdrawal process, make sure your trading account has been verified by XM. The verification process relates to your personal data agreement. Otherwise, any difficult withdrawal may be caused by an unverified trading account. For me, XM is good at all, including their deposit and withdrawal method. Good, XM!
NovrizalJul 21 2020
Trading at XM's Zero Account was pretty good. They give zero spread and low commission. I like it!
Mr. ZackJul 21 2020
I have no problem during trading at XM real account, but I suggest XM to consider a longer expiration time on demo account :D
R. NimiJul 21 2020
Trading execution at XM is very good. They also help novices like me to understand forex trading through free webinars. I wish XM held their trading contest again :)
KaiandraJul 21 2020
The trading platform at XM is very nice! I believe this is the most appropriate one for Indonesian traders! They offer MT4, MT5, even MetaTrader for web-trading. Nice work XM!
IvanovaJul 21 2020
I got confused during registering for my trading account. Fortunately, their customer service is fast-response and very helpful. Their trading condition and trading platform are also awesome. Thanks XM!
Cak MoestopoJul 21 2020
So far so good at XM. They have CS that is fluent at Indonesian, also deposit withdrawal method with a free commission. Broker joss lah!
Salam from Indonesia.
Evan SJul 21 2020
XM is very good for those looking for free trading signals. They also often held free online webinars. Unfortunately, they don't have an ECN account yet for traders.
Finn R.BJul 21 2020
I love trading at XM due to their commission-free deposit and several instruments offer, though their account verification is quite difficult *LOL XD
Syarif ZJul 21 2020
Hi, I'm from Indonesia. I also trade on XM and find out their customer care is very good for Indonesian. Mantapp!!!
W. BillieJul 21 2020
I tried to register a trading account XM and got no deposit bonus. After 2 weeks, I got a profit as much as USD108. I decided to withdraw for USD60 and it was accepted. Thank you, XM!
DemianJul 21 2020
I've traded on several brokers, but I think XM is the best due to their trading conditions. Nice work, bruh!
C. LeeJul 21 2020
I registered for my trading account at XM last year. I found their whole services are pretty good, especially their commission-free on deposit. But their spread is extremely unpredictable during news release. Be careful, traders!
GabrielJul 21 2020
XM's website is very hard to load! I look for any bonus info but it takes for hours!
ShafeeyaJul 21 2020
I feel so disappointed with XM regarding their leverage option. My trading account firstly used 1:888 leverage, but then it was changed to 1:100. Plus, they said my trading account will no longer available to get any bonuses from XM. I've sent my complain but they didn't give any responses yet,,
ZalandraJul 21 2020
I've been trading at XM for almost 7 years and had no much problem with them. But recently they changed their deposit withdrawal method with no longer using MasterCard. This made me confuse sooo much!! Whyyy??!!
Mr. PawwwJul 17 2020
I used to trade on zero account, but recently I moved to ultra-low trading account. I think it doesn't matter on what account is used. The most important one is money management. I love XM because their withdrawal process is quite great.
LylyJul 17 2020
I'm XM's client for these several years. Recently, their customer service gives slow responses to any troubles. Plus, their website is difficult to access. I have almost moved my trading account to other brokers.
GeorgieJul 17 2020
I've been trading at XM for almost a year, and everything goes well. I always withdraw my balance per month.
AshleyJul 17 2020
I do trading forex using a few balances. My friend suggests me to register at XM and it's quite good so far. I don't find any notable problems with XM. Nice!
ZaheeraJul 17 2020
My first trading at XM was quite good, but it went worse even more. It's hard to do deposit or withdrawal. That's why I don't have much balance at my account that often. I hope they can improve their service for the clients.
FeliciaJul 17 2020
I'm new at XM. I chose XM because they have many leverage offers. It's good for a novice like me
AbbyJul 17 2020
I got my passive income from XM rebate program. It can be withdrawn weekly, so it's good as my additional shopping budget :D
PatriciaJul 17 2020
I joined on their roadshow at Indonesia last year. It was so great and useful for me! Thankyou XM!
AbrahamJul 17 2020
Though XM has so many customers, their customer care is incredibly great! Two thumbs up for you!
ReginaJul 17 2020
I do agree that XM is one of the well-regulated forex brokers for traders! Cheers to you!
BerlianaJul 17 2020
One thing I love most from XM is their regular trading event. I even can't miss them once. It's always good and awesome!
CathyJul 17 2020
Hi, I'm new at trading forex. I want to share my trading experience at XM. Before being a part of this broker, I was trading at other brokers since 2017, but their commission and payment method for deposit withdrawal isn't my type. Finally, I chose XM at the end of 2018. To this day, I am so satisfied with XM's services, especially their regular webinar event. You guys have to trade on XM!
ElenaJul 17 2020
It's good to trade on XM. They have lots of trading competitions. One of them was even prized as much as $11,000 for the winner! WOW! I'm gonna join it sooner! Thankyou XM!
MatthewJul 16 2020
I'm so disappointed with XM. I did a withdrawal on May 28th, 2020 but it wasn't sent to my bank account until June 10th. Better you trade on other brokers. XM ISNT GOOD AT ALL, IT'S SCAM!
YuNaJul 27 2020
They keep getting better every year, so I decided to re-activate my account. The support helped me a great deal for it
Alex JoannJul 27 2020
My mentor suggested Exness when I was still new. They really help me to grow my account and never give any significant problem during my learning phase. Thanks Exness
Clara91Jul 27 2020
I only want to trade in a reliable broker, and for me, exness has what it takes to be a reliable broker
John Wallace PJul 27 2020
Used to trade in another broker and everything was difficult. I never feel similar diificulties from Exness. Keep up the good work!
nickycloudJul 27 2020
I registered based on my friend's recommendations.
So far so good. I can see why many traders favor this broker
Jenny ADJul 27 2020
Quick withdrawal and I got what I need in their trading signals. Good app for mobile phone too
Make it easier for me to trade everywhere
McPhersonJul 27 2020
Very nice broker! They have a good principle to avoid ambiguous bonus programs. Very desirable for safe trading
Harry AndrewsJul 20 2020
My withdrawal was delayed for two days even though the balance got immediately reduced. Fortunately, it didn't happen every time. The other day I requested a withdrawal and the process only took 5-10 minutes.
Chow PaxJul 20 2020
They claim to have 0 spreads, but the reality doesn't say so. I never see the 0 spreads, BTC/USD even has 400+ pips spread. I can't choose which one is more preferable so oftentimes I'm constrained to 2-3 pairs with 10-15/20 pips spread.
Win72fxJul 20 2020
I heard a lot of complaints about withdrawal, but Exness rarely has it. In my opinion, this is where a forex broker's quality is really determined. As long as the problem is kept to a minimum, it can be safely said that the broker is quite recommended. No need for A-Z promotions, withdrawal quality says it all!!
bangbang52Jul 20 2020
I always have positive experiences with Exness. There are a lot of benefits for IBs
RyanserieJul 20 2020
I have traded with this broker for several months. Though I doubted it in the beginning due to my painful experience with several other brokers when dealing with fund withdrawal, I'm amazed that Exness turns out to have auto deposit/withdrawal.
As for the payment methods, there are many choices for deposit while withdrawal method is only internet banking. So far it's not a problem for me as the process can be done in a few minutes. I'm not advertising but I truly enjoy trading with this broker.
Ok OcJul 20 2020
I used to trade in this broker because of its competitive trading conditions. I gradually left Exness because it can't keep up to offer attractive promotions.
Marais ElJul 20 2020
I recommend moderate leverage from 1:200 - to 1:500. Avoid high leverage at all costs.
Exness is a good broker as they're able to give 1:3000 leverage but always warn their clients should they want to try it.
Jonah ruleJul 20 2020
The Stop Loss didn't work. My account got MC because of it.
LeonJul 20 2020
The first time I tried to withdraw from this broker I immediately feel wronged. They said the payment process using FasaPay is instant, but it actually needed 3-5 business days. Where is the instant withdrawal that they claim to be capable of providing with? I'm beginning to doubt this broker
Bona GannJul 20 2020
Please don't complicate my withdrawal process. I have been trading with you since 2011, but lately, I'm always feel cheated as my withdrawal requests are always rejected for some abstract reasons. Here are the instances.
1. My withdrawal is usually confirmed by email but suddenly it's changed to be via phone, which makes it difficult for me during the switchover. the case was cleared but it psychologically troubled me a great deal.
2. I ordered a withdrawal via FasaPay for $350 and my balance at that time was $1044. When I choose the currency, there was a notification indicating that I my balance was not enough. I was made to totally unable of withdrawing my fund. The case was cleared but I haven't succeeded in withdrawing my fund.
3. Lastly, all of my payments are via FasaPay, but I was once denied of withdrawal process because I supposedly use BTC to deposit. Wth?? I didn't even have a BTC account.
Forex youngJul 20 2020
I've been trading only in Exness for 3 years. Other brokers are not good for a scalper like me due to the many restrictions. I can enjoy my profit in this broker and focus on trading for a living, not aiming to become a billionaire.
Exness' cons usually appear when there are news releases. It'll be very difficult to enter a trade and sometimes the MT4 can freeze. Recently there is a leverage warning every time important news are about to appear. There will be adjustment to margin requirements and the leverage can shrink to 1:200. Is it because the Exness team is also trading and they don't want to lose?
Mike FalonJul 20 2020
My friends and I have been trading with Exness (mini account, dp/wd via fasapay) with no problems and satisfying conditions. We can optimize the broker's feature to our capabilities, and that's saying something. Loss and profit come and go, even margin call is a normal occurrence. We consider them as precious experiences to rebound from.
Jarwo JKJul 20 2020
Ever since I found this broker I feel it's the best. FasaPay withdrawal is instant despite the maximum limitation for transfer amount per transaction. The support is quite responsive as well as the ib commission. Unlimited leverage is also great for snipers with small capital.
Mr ArtieJul 20 2020
I admit that Exness spreads tend to widen significantly during news releases. Slippage is also a risk but which broker doesn't have it? Aside from the disadvantages, Exness cent account is preferable.
As long as you don't trade the news, everything is good.
Agys Rb17Jul 20 2020
Average spreads in other brokers' cent account range from 1.3 to 2 pips. Exness has lower spreads that can get below 1 pip with the average spread only 1 pip.
John JuniorsJul 20 2020
I quite like this broker especially for its mini and cent accounts. When I was still a beginner I got margin call so I tried other brokers. My comparison results in all of those brokers' real accounts proved that Exness' cent account is pretty good.
Still, I can't quite choose Exness as my only one broker since there's no local bank deposit/withdrawal and fixed rate... Wish they can provide them sometimes in the future... ?
Bill NielsonJul 20 2020
Update from my previous predicament,
Exness has given back my money, and as a fair responsibility, I wrote here again about their good feedback. Imo it is the only broker willing to really compensate their client.
Bill NielsonJul 20 2020
I was disappointed after the DDoS attack incident. My account's profit went positive before it changed so suddenly that it triggered margin call. When I asked to clarify it the broker said that it could be compromised. I had sent my MetaTrader's log file and followed their instruction to wait for 3 days.
Every time I ask about my loss to this day they always ask for more time. If they can compensate for my loss I'll salute them. Otherwise, I'll spread this unfairness everywhere
Zahir SQWJul 20 2020
Traders with more than 3 years experience in this broker, please be careful especially if your account collects big profit regularly.
This broker will disconnect your account oftentimes!!!
The only solution is to have a backup for the internet connection. You need to quickly change your ISP when your account is forced to disconnect for more than 5 minutes.
I met a lot of problems like this. One example is when I got $20,xxx profit, and my account was disconnected for more than 3 hours. They sent an email to inform me that there had been a DDoS attack. I changed ISP quickly and the problem was immediately solved. At that time my profit has decreased to $3,xxx
I had tested my internet speed and there was no problem whatsoever.
I closed all my positions and withdrew all funds, never look back again.
This broker was long known to cheat traders with big profits. Some of my friends can attest to that.
Another side note:
Bonus promotion and spreads are deceiving. When the price is volatile the spreads could widen extremely.
ShaneJul 20 2020
I've been unable to connect to my real account for two days. So disappointing since Exness never gave me any trouble before. The live support ignored my complaints so I can't do anything....
Will DanielsJul 20 2020
In my opinion, Exness is quite attractive as the account types range from Cent to ECN. The leverage is also very accommodating to all types of traders.
Ronald SdJul 20 2020
This broker's not good for scalpers and news traders....
I keep getting requoted which resulted in my positions being executed in unfavorable prices....
If you like to trade the news don't choose this broker
Danny A PearsonJul 20 2020
This broker may fix some things, but what made me stop trading with them is the spread. Even the spreads in the ECN account is not favorable compared to other brokers' spreads. The service is not bad, the trading condition leaves a lot to be desired. If only Exness has zero fixed spread, I will reconsider my decision. But this broker is unfortunately not innovative enough.
Sandy MarteenJul 20 2020
I no longer trust this broker. I deposited a large sum of money but it's never credited to my account.
AstafxJul 20 2020
Never run into any problem during withdrawal, either for small or big fund, everything goes smoothly
Stephen FaradayJul 20 2020
I withdrew 5 times from Exness and all the proceedings went instantly without any trouble.
Opie BrothaJul 20 2020
From the time I learned to trade to the time I'm finally able to trade independently, withdraw my fund regularly, and gain profit consistently, I haven't met any problem. This is a recommendation from my mentor...
InesJul 20 2020
I enjoy trading in this broker. It's been 1 year
Arzd PlayrJul 20 2020
Exness is the only broker that I'm loyal to. I can use many platforms in this broker.
RomyJul 20 2020
I use two brokers and one of them is Exness. Both have pros and cons but overall, I have no doubt in their safety. I haven't managed to withdraw my fund but so far I'm quite satisfied.
Maya SantiniJul 20 2020
I didn't quite trust this broker initially, but I saw that they keep improving.
Eve PaigeJul 20 2020
This broker is not bad. I doubt it in the beginning, but the service is getting better. I've been trading in Exness for one year and feel the change. From the new regulation, support language, and the most important of all: the Analysis in my account. It's SUPERB!
I'm currently educating myself to trade with indicators. It will be better if Exness allows automatic trading.
ReynoJul 20 2020
After googling for some time I decided to pick this broker. I've been with Exness for 3 months, and so far so good. The registration process and other proceedings went smoothly. It hasn't been fully tested, but I hope everything goes well to the withdrawal process
Rattoon VrajnavikhulJul 28 2020
OctaFX made a lot of improvement in these recent years. When they first appear, there are a lot of flaws. But their service is getting better, so I consider to give 5 stars.
GyverJul 28 2020
The competition in octafx is interesting, so I join this broker. After joining the competition and learn some trading strategy, I finally register and open real account. Everything works just perfect, Octafx meets my expectation.
Moori SheinJul 28 2020
I already try a lot of brokers, and this broker is the best.
While another broker tricks me with difficult withdrawing process, OctaFX don't do that kind of things.
JunoJul 28 2020
OCTAFX is good.
I already trade here for 2 years, deposit and withdrawal are smooth.
My transaction never has any problem.
Mitika FSJul 28 2020
The spread is tight, except when there's a piece of high news. But it's still better than other brokers who feels like manipulating the price. I succeed to withdrawal my trading results so I think this broker is recommended.
ZorroJul 28 2020
Been trade on several brokers. For me, OctaFX is the most suitable for trading in a small amount. It's newbie-friendly. Plus, the demo account competition is useful for those who want to improve their skill in trading.
Davis IozoJul 28 2020
The customer service is very friendly. They help me as noobs who don't understand how to withdraw for the first time. Still doing transactions in small amount of fund, but overall I'm quite satisfied with this broker performance.
Namiii HarseyvehJul 28 2020
I LOVE THE ECN ACCOUNT! Very transparent and fast executions. I got a comfortable trading experience from octa. The withdrawal process is also fast. Protips, don't withdraw on weekend, better if you submit withdrawal request within Monday-Wed.
Lam Soo NGJul 28 2020
Competitive spread, easy to deposit and withdraw through the local bank. There's also a lot of promotions.
I already got some prize from trade and win. generous broker with no complicated problems.
DruJul 28 2020
Octa is suitable for me. I'm looking for a broker that allowing scalping and EA usage. The platform works just fine.
Alimen HattahJul 28 2020
A friend introduces me to octafx., the platform is easy to operate. The website also informative, and I don't find any difficulties in doing deposit. I didn't withdraw yet, but so far I'm quite satisfied with this broker.
shaniaJul 27 2020
Octafx gives me convenience to trade, with a lot of bonus and promotions. It's very suitable for a newcomer like me.
Pieter TraderJul 22 2020
So far, I have been trading on OCTA and it's very safe. As anticipation, put your fund not more than 500 USD. The withdrawal process is done smoothly everyday.
HidekazuJul 22 2020
Octafx is just fine. Before using Octafx, I repeatedly changed brokers. So far, not bad. Moreover, Octafx has the lowest spread in a pair that I use for trading. Unfortunately, he doesn't have MT5 yet ... But I'm not going to change the broker anymore, because Octafx's execution and CS response are fast enough. Good job Octafx!
Michael EvyyJul 22 2020
Before using octa fx, I use another broker. Using octa fx is pretty good, it has a low spread. Go ahead octa fx, hopefully, you'll become a good quality broker.
Ariani ArthesJul 22 2020
I am trading with Octa Forex, so far it is very satisfying, primarily when it comes to deposit, but I can't give a word about the withdrawal, since I didn't get profit yet. Lo. Hopefully, in the future, OctaFX will become the best and biggest broker. Go OctaFX!
Jairo KJul 22 2020
OctaFX The most suitable broker for me, the spread is low and the WD is fast. I just wished that the execution may be faster
Abyar HadieJul 22 2020
recommended broker, proven to withdraw quickly. I recommend this broker coz withdrawing and depositing via local banks is very easy. Service value score is 10, it only takes 3 hours of deposit and withdrawal, yesterday I withdrew 700 USD, only takes 30 minutes liquid, good broker
Noriaki FXJul 22 2020
I won't say that octafx cheating, but there is something wrong with the stop loss order system. When there is a reversal, stop loss doesn't execute according to the order price, so you might still suffer some loss. Even though the stop loss is placed above/below the price to lock in profit, the result remains a loss.
I dare say this because I trade in several brokers and octaFX is the only one that executing my stop losses far from the price I requested. I think it's impossible to succeed in this broker because using disciplinary stop loss is a dead price developing strategy. Hopefully, it becomes an octa evaluation material and the consideration of newbies like me looking for a broker of choice.
Yaji ArkhrJul 22 2020
So far it's still safe. Before opening an account on Octa FX, I have also been on another broker. But I move for looking a better trading condition. In Octa, the spread is decent. the CS also has good service .. good luck octaFX
Sandy MahrembeJul 22 2020
During my trading on OctaFX there were no problems and it was smooth. I just want to add a suggestion. Please have another welcome bonus and also copy trade. Hopefully can be a positive input for OctaFX. That is all from me. thanks.
RayyfiandJul 22 2020
Octafx broker is good, I think. Even though the spreads widen when there's a news. I hope OctaFX service will improve.
Hendry LamJul 22 2020
Withdrawal is written succeed but no money entered the account.
On the 18th of May, I sent a WD 50 USD request, the money in the MetaTrader account has been cut off and in the personal area written successfully, but the account money has not yet been entered, even I printed the transaction in the savings book too.
Next, I try WD again 10 USD, and thank God... it's transferred, but the 50 USD not entered yet. Many times I submit a complaint to OctaFX, the answer is only "we will continue to review". Please respond and help.
Arafah YanneJul 22 2020
Today I made withdrawal request 4 pm. I never succeeded, all I could do was wait for the process.
I was disappointed with this. Actually, I had been trading with OCTAFX for over 2 years. This case made me uncomfortable, the 1-2 hour OCTAFX WD commitment was unsuccessful
JharuJul 22 2020
I wanna withdraw in the morning, but it's pending more than 1-2 hours, chat cs at the queue, too many requests, wait until evening... then I get an email like this:
Beny OctaFX (OctaFX) Jun 21, 13:58 EEST Dear Customer, Thank you for contacting OctaFX! We locked your account because the company decided not to continue our services to you, sir. Thus you can no longer trade with us. Based on the customer agreement in the following link that reads, "The Company reserves the right, at its discretion, at any time to refuse to provide the Services to the Client and the Client agrees that the Company will have no obligation to inform the Client of the reasons.
That means the company refuses to continue our brokerage services to you.
3.10 The Company has the right, at its sole discretion, to refuse at any time to provide Services to the Client and the Client agrees that the Company will not have an obligation to notify the client of the reasons.
As a trader, maybe I have a mistake. But lesson learned. Never trade at a broker that has rules like that, especially the broker can not show your mistakes!
Gamon TsawariJul 20 2020
Comfortable in trading.
I joined octafx since 4 years ago and until now I feel comfortable with octafx.
Deposits and withdrawals are also getting better, very fast. Hopefully, the octafx service will always improved, so it brings more convenience to traders who want to be succeed. And hopefully Octafx has a loyalty program. thank you
Rosa LindaJul 20 2020
Octafx always pays attention to the other with attractive prizes, with the prize lot I have already got 3 times. A pretty memorable prize for a novice trader. Thx octafx trade and win.
JaredJul 20 2020
Just want to leave a testimony. Yesterday I deposited outside working hours because I want to open a position. It turned out that the service was fast, the fund immediately transferred to the account. thanks.
DonnieJul 20 2020
OctaFX is great
Easy deposit and withdrawal, the platform is okay, so far so good 🙂
Trajhapparn AngtornJul 20 2020
suddenly disconnected and there was a surge in prices ...
Is it normal and reasonable? real octa server suddenly disconnected, and once again connected to the price surge. because I noticed on the octa demo account, it's normal, in other brokers, there are also no price spikes.
Arthur SmithJul 20 2020
I have also experienced trading with buy stops. Suddenly the price spike very quickly, and my order was immediately executed. My profit suddenly turns into a loss. I checked the Take Profit level that I made, there was nothing wrong. I have complained but until now I did not get an answer to why that happened, and there is no accountability. Please improve the service, octafx.!!
Nguyen LaPhoJul 20 2020
Octafx is often stealth a transaction.
I often get my account open position without any pending orders, gadgets and my laptop even though dead, the first case was 0.04 lots, the second case was 1.01 lots, I was forced to cut losses at the order of 180 dollars.
I have sent the transaction log, but the broker doesn't respond. Be careful with this broker, if you are too often profited, a huge stealth lot will appear in your account when you sleep, even though you are not connected to MT 4 at all, I suggest using a trusted broker like alpari and oanda or justforex.
JumanjiFXJul 20 2020
As long as I know, octaFX is credible and trustworthy.
DaffaJul 20 2020
Hello Newbie HereJul 20 2020
I just started learning to trade earlier this year, trying to make small deposits at several brokers. So far, trading on octafx is the most convenient. the deposit is easy, the trading application is also not complicated
Rosie TalyumJul 20 2020
Deception! Octafx deceives the beginner. Do not be tempted by low deposits ... In the end, your deposit can't be withdrawn, then the money is gone.
Abdullah KJul 20 2020
lots of promos! In Ramadan, OctaFX giving a lot of bonuses, thank you. I hope in the other months you will also give me lots of benefits. I will wait for your promotion
MarcosJul 20 2020
at first, I was hesitant to use this broker because of lots negative comments. But because Octa FX provides swap and commission free accounts, I am interested. I made an initial deposit of $ 500 on Friday. And Monday I already made a profit of around $ 200, then I tried WD $ 195. Confirm the e-mail for about 5 minutes. After waiting for about two hours, the funds came into my account.
Janna LimJul 20 2020
In my opinion Octafx is HONEST BROKER .. Trusted .. I have only been trading for 2 months .. fast deposit and withdrawal process .. And it is suitable for beginners with free swap .. and low deposit .. Highly recommended for beginners ..
The Custoemer service is so Friendly. so far very satisfied for its facilities .. Hopefully it remains like this and continues to be improved ...
Langdon VJul 20 2020
Octa is a scam broker .. Be careful guys never deposit here. I have evidence that octa is cheating and I have emailed this to Octa support on 26/2/2020 and only was told to wait.
Here is my transaction history: # 3795647 was closed at 1637.02 on 2020.02.26 15: 46.20, While it should be at 1632.
It can be seen at 15:46 minutes that the candle closed at 1.634 while my transaction was closed at minutes 15:46:20
there is a difference of 20 seconds and the next candle drops down meaning that the price should be in the range of 1631-1634 while my transaction is closed at 1637. On that transaction I lost about $ 250.
Howard SayeedJul 20 2020
OCTAFX BROKERS TRICKS ME
1. Candle NAS100 on March 12 2020, jump from 15:25 to 15:30 which resulted in my order not being executed.
2. I place six orders at the same time at 13.30, 3 orders at the price of 7580, and 3 more orders at the price of 7530. But those 3 orders at the price of 7530. Octafx executes at the price of 7447 while 3 orders at 7580 cancelled.
If your reason is in the gap, my 6 orders are in the gap, but why are 3 orders executed and 3 again you cancel? And until now my loss fund has not been reimbursed, how do you explain this situation.
YahariJul 20 2020
OctaFX broker is cheater !!
This morning I checked my account, I was surprised how come I automatically closed all my positions huh? Short positions hit at 1.24705, Buy positions hit at 1.24345
Even though last night 9 April 2020, the highest price of GBPUSD at 1.24831 was not a problem. Why is my position all gone? Please cooperate, refund my funds or position my order !!!
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