Bitcoin has entered the forex market not only as a trading instrument but also as a payment method. Since not every broker offers deposit and withdrawal via Bitcoin, here are some examples to name a few.
Apart from being the largest market, many traders are interested in entering the forex market mainly because of its flexibility. It is truly a broad global market that opens 24 hours a day, five days a week, and accepts participants worldwide. As if that's not enough, cryptocurrencies like Bitcoin have evolved tremendously, adding a new dynamic to the market.
With the growing popularity of Bitcoin in general, many traders are starting to consider using Bitcoin for forex trading and making it a part of their portfolios. But did you know that Bitcoin is also useful as a gateway of payment method to forex brokers?
The Advantages of Bitcoin Payment
Before the arrival of Bitcoin, cross-border payments were only possible via Wire Transfers, Credit Cards, and some e-payments that can provide instant deposit and withdrawal at low fees. In addition, some brokers offer transfers via local banks as a payment method. What makes the new payment Bitcoin different among other available options?
First, Bitcoin is a Blockchain-based technology. Basically, Blockchain is a type of database that stores the transactions in the form of blocks of which will eventually create chains. By creating chains and spreading its network across computers, Blockchain allows Bitcoin to operate without any central authority. In other words, traders can carry their transactions from peer-to-peer without having to store their data to a third party. That way, Blockchain can make the transactions safer, faster, and less costly.
Moreover, by not using a third party, the process is clearly more efficient than other online transaction methods. While some other methods only operate during business hours, Bitcoin never sleeps. The transaction can be carried at any time and doesn't take a long time (approximately 10 minutes). Bitcoin transactions are also encrypted in a cryptographic system that ensures a high level of privacy. Again, because there is no third party, the user's identity would be safe from the risk of personal data leakage.
Forex Brokers Allowing Bitcoin Deposit
Now that the advantages of using Bitcoin payment have been revealed, here are a few forex brokers that allow deposit via Bitcoin.
FSA (St. Vincent & the Grenadines), IBC22945
Interest rate on funds
Islamic accounts available
InstaForex is an international broker that provides trading services to traders globally. Since it was founded in 2007, InstaForex has provided for clients from various countries as many as 7 million traders. Based in Kaliningrad, Russia, InstaForex always attempts to improve the quality of the company in order to captivate the hearts of their clients.
Their hard work can be proven, one of which is by achieving a variety of awards, including Best Forex Cryptocurrency Trading Platform 2018 by UK Forex Awards, Best ECN Broker Asia 2018 by IBM, Forex Broker of the Year for Eastern Europe 2018 according to le Fonti Awards, Development, and Success award at Financial Olympus 2016-2017, etc.
There are 4 types of account offered by InstaForex representing a universal trading tool that help to work on international financial markets, such as Insta.Standard, Insta.Eurica, Cent.Standard, dan Cent.Eurica. Trading account types differ by the methods of accounting spreads and commissions, which are picked by the trader opening an account.
Insta.Standard account is relevant for standard trading terms on the Forex market and allows a trade to be settled with classical spread and with no fees. Traders will be charged a fixed spread every time they make a transaction. Spreads that are provided ranging from 3-7 pips. The main advantage of this type of accounts is its universality, as a trader can change the trading leverage and work with a deposit size convenient for traders.
Different from Insta.Standard accounts, Insta.Eurica accounts do not require payment of any spread on opening a deal. Therefore, this type of InstaForex account is suitable for beginner trader with a minimum transaction of 0.01 lots.
There are also other types of accounts InstaForex, namely Cent.Standard and Cent.Eurica which can be used for beginner traders because they can use the minimum transaction volume, which is 0.0001 lots (the cost per lot is USD0.1 cent). Deposit currencies that can be used by traders are EUR and USD (for all types of accounts).
Trading in InstaForex is quite a given as traders can choose to trade with leverage between 1:1 to 1:1,000. With a minimum initial deposit requirement of only USD1 (for all types of accounts), InstaForex clients have the opportunity to get a 30% to 100% deposit bonus.
Not only that, but beginner traders are also exempt from confusion in determining forex trading strategies. Because Instaforex provides ForexCopy services that allow traders to copy orders from professional traders in just a few minutes.
And then, there are around 300 trading instruments offered by InstaForex for traders. In addition to currency pairs, there are also futures, shares, gold, silver, CFDs, Bitcoin, and others.
Every InstaForex client is free to choose a trading platform that can be tailored to their needs. There are four types of trading platforms available, including InstaBinary, WebIFX, MetaTrader4, and MetaTrader5. Each platform has advantages and disadvantages. InstaForex also provides video tutorials on how to register on each platform. It aims to make it easy for beginner traders who want to join InstaForex.
If a trader still confused after seeing the video tutorials, traders can contact customer service available 24 hours connected to various social media, including email, Skype, Whatsapp, Telegram, Viber, Twitter, and Phone Call. On the InstaForex website, there are around 30 languages provided to facilitate traders from various countries.
The trader can also help themselves with trading calculators provided on the InstaForex website. Traders can accumulate currency pairs, Leverage, volume, and currency used.
The payment system in InstaForex is also diverse. Traders can pay deposits via Visa, Mastercard, Skrill, Neteller, PayCo, as well as Wire Transfer. All in all, InstaForex is a well-rounded broker for many types of traders.
InstaForex offers quite a wide variety of payment methods, including Bitcoin. Using Bitcoin, you can deposit your funds in only 3 hours with no fees at all. In addition, you can also withdraw via Bitcoin, but the process usually takes around 1-7 hours, and you will be charged a 0.5% fee.
InstaForex highly supports the growing popularity of Bitcoin and other cryptocurrencies by integrating it into their services. You can see the commitment from the special section regarding Bitcoin hosted by the broker. It consists of Bitcoin analysis, special charts, and a mobile app specifically designed for Bitcoin trading.
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.
Exness is another well-known broker that provides forex deposits via Bitcoin with no commission or minimum amount requirements. Bitcoin is also available for withdrawal, although there ought to be some limits that need to be considered. That being said, Bitcoin is actually one of the easier ways to deposit and withdraw in Exness.
3. Grand Capital
Variable and Fixed
Islamic accounts available
US traders are welcome
Grand Capital first announced the addition of Bitcoin and five other cryptocurrencies as a part of its trading instruments on July 25, 2017. Following the announcement, the broker includes Bitcoin in deposit and withdrawal methods. This service is available for all types of trading accounts provided by Grand Capital.
If you choose Bitcoin payment in this broker, no deposit commission is charged, but there is a 1% fee for withdrawal. The processing time required for deposits is around 15 minutes, whereas, for withdrawals, it needs about 1-3 days. Aside from Bitcoin, the broker also offers Ethereum as a payment method. The types of currencies that can be transferred via Ethereum are not limited to USD because you can also process your transactions in ETH.
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.
OctaFX began to integrate crypto trading in their service in September 2017. The broker also provides Bitcoin as a payment method, where clients can use BTC to fund or withdraw from their accounts. Both deposit and withdrawal transactions are processed instantly and without commission. However, there's a minimum requirement of 0.00096000 BTC for deposit and withdrawal.
Variable and Fixed
Trading by telephone
Islamic accounts available
FXTM was initially launched in 2011 with a unique vision to provide unparalleled superior trading conditions. Opening an account in FXTM would also bring about access to advanced education and sophisticated trading tools in the forex industry.
Now, FXTM is registered under the Financial Conduct Authority of the UK with the number 600475. The company is also regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, and is licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614
FXTM has 1 million registered accounts with more traders joining every day. The company continually tries to improve their performance and have got many awards such as Best Trading Experience 2019 by World Finance Awards, Best Online Forex Trading Company Nigeria 2018 by International Finance Awards, Reputable Investor Education Forex Broker Award 2018 by Hexun.com, Forex Brand Of The Year China 2018 by Fxeye.Com, and many more.
As a responsible broker, they determine leverage (expressed as a ratio of transaction size relative to trader's buying power) according to the trader's level of knowledge and experience in trading, which is evaluated by the Appropriateness Assessment. The company also enables trading with leverage up to 1:1000.
As for spreads, FXTM offers low spreads starting from 0.1 pip, so traders can withdraw profits at the start of trading. The company, which has headquarters in several countries, uses No Dealing Desk (NDD) technology and partners with credible liquidity providers to provide the best bid and ask prices.
For beginners, there is an automatic trading facility called algorithmic trading provided. When trading in FXTM, traders can develop their trading strategy or adopt other traders' strategies. Furthermore, the strategy is applied to automated trading systems, such as Expert Advisors. The purpose of this system is traders do not have to worry about losing opportunities while not observing the market so that profits can still be earned.
Three types of ECN accounts use the MT4 and MT5 trading platforms. There are also mobile and Tablet Apps trading platforms. Aside of providing many account variants, FXTM goes above and beyond to ensure that their client receives excellent support that they deserve, making their trading experience optimal and user-friendly.
FXTM also provides a diverse range of products. In addition to over 50 currency pairs, they provide gold, silver, CFD on commodity futures (oil), CFD on ETFs, and indices.
Education about the basic concepts of the forex industry is also accessible in this broker. Traders can read all the concepts provided in the form of e-books, video tutorials, articles, webinars, and forex seminars. There are 17 languages provided on the FXTM website to make it easier for traders to learn about forex.
Traders are also given various choices for payment methods, including Credit Cards (Visa, Mastercard, Maestro) and E-Wallet (Neteller, Skrill, Western Union). For withdrawing funds, traders are not charged a fee with a length of 2 hours to 2 days. Traders can live chat to ask further questions and contact the admin via email. There is also a question and answer page about forex trading on FXTM.
FXTM also provides commission-free forex deposits with Bitcoin. This broker has included a complete guide and details of transactions via Bitcoin on its official website, which can be accessed without logging in to the Member Area first. The deposit process is relatively instant, only takes about 1-2 hours (but it can be delayed up to 24 hours for large transactions, generally over 3,000 USD/EUR/GBP). Not only for the deposit but withdrawing funds from FXTM's account can also use Bitcoin. There is a 1% fee, and the transfer duration is around 24 to 48 hours.
It is important to note that in FXTM, clients cannot withdraw funds larger than their deposited Bitcoin. Also, there is a maximum limit for all transactions via Bitcoin, which is 25,000 USD/EUR/GBP per month. Furthermore, FXTM also recommends using specific Bitcoin wallets, such as Bitpay, Copay, Mycelium, Airbitz, Electrum, Bitcoin Core, Bitcoin.com, and BRD (Bread). The suggestion is to ensure that clients only use wallets that are updated with the latest Bitcoin protocols.
Trading by telephone
Islamic accounts available
As a multi-asset online brokerage, ThinkMarkets present a wide range of trading assets starting from Forex to Precious Metals, Commodities, Indices, Shares, and Cryptocurrencies. The Australian-based broker is established in 2010 and has since opened additional headquarters in London and throughout Asia-Pacific, Middle East, North Africa, Europe, and South America.
Average FX spreads for traders opening an account in ThinkMarkets start from 1.2 pips for the standard account, while ThinkZero provides the best trading experience with 0.1 pips spread. Still, traders may need to consider that ThinkZero applies commission from $3.5 per side for every 1000,000 trading volumes.
As a global online brokerage, ThinkMarkets operates under various financial regulatory institutions. For example, ThinkMarkets Australia is managed by TF Global Markets (Aust) Limited and is licensed by the Australian Financial Services as well as the Australian Securities and Investment Commission (ASIC) with ABN: 69158361561. On the other hand, ThinkMarkets UK is registered under the Financial Conduct Authority (FCA) by the company name of TF Global Markets (UK) Limited (number: 09042646).
ThinkMarkets consistently try to improve their trading environments with various advanced products. Automatic trading fans are provided with free VPS Hosting, while passionate traders who'd like to experience beyond MetaQuote platforms can try ThinkMarkets' proprietary platform called ThinkTrader.
The trading platform is available on 3 different interfaces specifically designed for Desktop, Tablet, and Mobile displays. Furthermore, customized tools such as 80+ drawing tools and indicators for technical analysis accessible even through Mobile screens would certainly provide a brand new trading on-the-go experience.
As far as market updates go, trading in ThinkMarkets would be accompanied with news from FX Wire Pro that is known for its strict policy toward upholding objective journalism and delivering critical, trusted information in real-time. Information segments covered by FX Wire Pro include Economic Commentary, Technical-level Reports, Currency and Commodities, Central Bank Bulletins, Energies and metals, together with Event-driven Flashes.
For payment methods, ThinkMarkets offer the gateway via bank transfer, credit card (Visa and MasterCard), Skrill, Neteller, POLi internet banking, BPay, and Bitcoin wallet.
All in all, it is safe to say that for a company that started business since 2010, ThinkMarkets is an accomplished broker in terms of legal standing and innovation in trading technology. As an additional safety assurance for traders, this broker underlines its commitment to provide a $1 million insurance protection program which is made possible by ThinkMarkets' insurance policy with Lloyd’s of London that protects clients' funds for up to $1 million in the unlikely event of insolvency.
ThinkMarkets is an Australian broker that provides forex deposits with Bitcoin via BitPay. This allows for other cryptocurrency payments like Ether and Bitcoin Cash. Based on the information provided on the broker's website, the process of depositing via Bitcoin will take approximately 10 minutes. It is apparently one of the only 5 payment methods available in ThinkMarkets.
CySEC, 093/08 (only LiteForex (Europe) Limited www.liteforex.eu)
Interest rate on funds
Islamic accounts available
Regulated by the Cyprus Securities and Exchange Commission (CySEC), LiteForex is also subjected to the European Securities and Markets Authority (ESMA). However, aside from basing its operation on Cyprus, LiteForex also branched to the Marshall Islands. Here, LiteForex hasn't been regulated by any financial regulator yet and conducts its operation under the name of LiteForex Investments Limited (different from LiteForex European Limited which is regulated under CySEC).
Based on some traders' experience registering in LiteForex, the company doesn't strictly limit EU-based traders to LiteForex European Limited. Such traders can openly register under LiteForex Investments Limited that is not subjected to higher leverage restrictions issued by ESMA.
Trading assets in LiteForex range from Currency, Metals, Oil, Stock in CFD, Global Indice, as well as Cryptocurrency. More importantly, the broker provides traders with the chance of trading more than 40 large American companies' Stocks in CFDs.
With the support of both MetaTrader 4 and 5 platforms, LiteForex traders are given the freedom of trading various instruments with the most well-known technologies in trading. It is also the gateway to access an extremely wide selection of custom indicators and Expert Advisors that everyone can discuss and download in MQL4 and MQL5 sites.
ECN and Classic are the only account types offered by LiteForex. Although relatively limited, the account choices have managed to accommodate the majority of traders' needs, particularly those with early to intermediate levels of trading experience.
Interestingly, LiteForex boasts its capability of giving an annual interest for ECN traders which amounts to 2.5% of the accumulated daily free margin. As a complimentary, LiteForex also built a Social Trading system that manages to completely resemble a social media platform with special features solely based on usual trading necessities. The said platform is also easily integrated with traders' Member Area.
On the payment methods' front, LiteForex provides a lot of choices ranging from standard Bank Transfer to electronic payments like Skrill and Neteller. This broker is also known for its ongoing Zero Fees program that relieves traders from the attached fees from each method payment.
More than its commitment to ease traders' experience in terms of payment and trading, Liteforex used to be recognized as one of the first brokers initiating the innovation of Cent Account for small traders, thus the name "Lite". However, the company's focus seems to change over the years so they now choose to limit their service only to ECN and Classic traders.
Furthermore, LiteForex has been serving global retail traders since 2005, an accomplishment not many forex companies can achieve. Therefore, it can be concluded that even though LiteForex is operating as an offshore forex broker, its durability for more than 10 years serves as a reminder of retail traders' trust.
Another thing to note from this broker may come from its expansion to Asian countries and their passionate effort to penetrate the markets profoundly. Not only the language support in the official website, but LiteForex also goes beyond to maximize its commitment by providing local payments and other means specifically tailored for each country's traders.
To keep their traders engaged in more trading activities, LiteForex also holds seasonal trading contests and various kinds of promotional bonuses. Their profile in numerous review sites also indicates a relatively safe broker for retail traders.
Yet, it is important to note that LiteForex offers its service globally as LiteForex Investments Limited which hasn't been registered to any financial regulations. This may subject traders to difficulties in filing complaints and compensation claims should there be unfortunate incidents in the future.
But if we take a look at its long-standing as a comparatively experienced broker since 2005, it is quite safe to say that trading in LiteForex can be considered quite reliable, especially considering its status as an offshore brokerage.
LiteForex is a beginner-friendly forex broker and usually follows the trend in the forex industry. Therefore, it didn't come as a surprise when the broker announced the offering of Bitcoin and several other cryptocurrencies as their payment methods. This is why there is a particular cryptocurrencies section in the deposit and withdrawal table provided by the broker. Specifically for Bitcoin, LiteForex does not charge any commission but sets a minimum amount of $10 for any transaction. This broker also emphasizes that Blockchain will sort the priority of transferring funds via Bitcoin. That is why the broker may not always process forex deposits with Bitcoin instantly.
The Bottom Line
The emergence of Bitcoin and other cryptocurrencies into the forex market both as trading instruments and payment methods shows that forex trading is always evolving. As a trader, depositing money via Bitcoin can give a new edge to your experience; aside from keeping up with the latest trend, using Bitcoin payment also brings instant and efficient transactions with a new level of safety protocol to protect your identity. This is why any forex trader must be up to date with what is new and kicking in the industry, to make sure that the new updates can be beneficial for them.
Should you be interested to start trading with one of the brokers above, you may need to pay attention to their other features besides the Bitcoin payment. Here is a comparison table for your consideration:
rated by 166 users
rated by 557 users
rated by 790 users
|Office(s)||Russian Federation||Cyprus, Seychelles and United Kingdom||Saint Vincent, Grenadines and United Kingdom|
|Regulation||FSA (St. Vincent & the Grenadines) IBC22945
FSC (BVI), SIBA/L/14/1082
FCA (UK), 730729
FSA (Seychelles), SD025
FSCA (South Africa), 51024
FCA (UK) 679306
IFSA (St. Vincent and Grenadines), 19776 IBC 2011
|Minimum Position||0.0001 lot||0.01 lot||0.01 lot|
|Payment||AliPay, Bitcoin, Credit/debit cards, Litecoin, Neteller, Skrill, SOFORT, Tether (USDT), UnionPay 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 InstaForex||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, Azerbaijani, Bulgarian, Chinese, Czech, Dutch, English, Georgian, German, Indonesian, Italian, Japanese, Latvian/Lettish, Lithuanian, Malay, Polish, Portuguese, Russian, Slovak, Spanish, Turki||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 InstaForex Review||Read Exness Review||Read OctaFX Review|
JijiNov 13 2020
Like this broker. Recommend.
Beckley UkJul 22 2020
I can't close my sell order with take profit execution, while everything is normal for buy order... so weird
AfdalJul 22 2020
My $1000 deposit got delayed so bad
Marcus NyJul 22 2020
I failed to log in even though I'm already sure that I write in the right account no. and trader password.
Tony BrownJul 22 2020
I can access easy deposit by Visa, but unfortunately the withdrawal is complicated. For the asset options there are Forex, Commodities (even Soybean and Coffee futures), as well as US Stocks CFD
MxtradeJul 22 2020
I'm so turned off by this broker. My orders were forcefully closed in many cases. They should help their clients but they seem to trade against them. I canceled my plan to deposit in the real account.
I also research some information about them, and I'm so surprised by the many claims of them being a scam. Their license from a Russian association was also revoked.
Henry TaylorJul 22 2020
Accessing their features is getting more difficult each day..
Eric HendersonJul 22 2020
I requested callback for so many times but they never call me
WilsonJul 22 2020
I see a lot of traders join Instaforex and that their clients have reached 3 million. The customer support is helpful when I first register my account. I wish it can be a beautiful beginning
AryasaJul 22 2020
The WD form informs that the process will only take 24 hours. But it's not what really happens as I got nothing for more than 3 days. I think it has something to do with my account being a bonus account.
For your own sake, please improve yourself. You're my very first broker and I want to keep trading with you.
PriyJul 22 2020
I consider myself as one of their loyal clients. I have been with them for 5 years and I really trust their credibility. Yet, I currently have a problem with their withdrawal process. I have been requesting three times but they give no response to me. So irresponsible imho
Lewis AdamsJul 22 2020
I want to share my experience with InstaForex. I have been trading for 2 years with them and I also own a PAMM account as the trader. I'm still in college so I got a lot of time during the afternoon to trade.
I handle a lot of investors' accounts and I feel like it's very easy to make this PAMM module as my alternative side job to get an income with only my laptop and internet connection.
TraderYes94Jul 22 2020
I never face a problem with their deposit and withdrawal. But the strange thing is when my rebate bonus reached more than 3 million there are problems with my withdrawal
Yamasamu H.Jul 22 2020
I'm quite content with my trading in instaforex. They are reliable in their support. I have been helped so many times and they are always ready 24 hours. I started trading with only $1 and I could earn $300 9 months later. My favorite feature from them is their Forexcopy system.
ArmadaniJul 22 2020
I've been their client for 7 years. Their service is pretty good but the trading execution is troublesome at times. Hope they can fix it
Theo K DaviesJul 22 2020
I can't request deposit from the website, unlike any other brokers normally. The process is soo complicated I actually have to contact their IB. Also, there's no fix rate here.
While they got many trading instruments I can't trade with this broker seeing that the deposit process is so difficult.
Kevin RantJul 22 2020
You a**hole! I opened 20 lots of position during news release, 800% of margin, my SL and TP suddenly moved on their own. My SL was executed 30 minutes before the news release.
I didn't use any trailing stop. It got so bad that my account got MC eventually. Don't believe any of their bonuses. They're so cruel with their clients
Joco AndreasJul 22 2020
Here's my two-cent on InstaForex:
It's good since the beginning and there are many bonuses from Welcome Bonus, No Deposit Bonus, to InstaForex Club Bonus. My account is verified quickly and their Customer Support is always ready to help me during the verification process.
Farrel MayzJul 21 2020
Uring the eight months I trade with InstaForex, I can prove that there are many benefits in this broker.
A few that I can mention include low minimum deposit (only USD1) and good analytics from the experts. Trading contests are also quite entertaining, and the prize can be used to trade so I don't have to add deposit if I want to increase my balance.
Irwan BachtJul 21 2020
After more than 1 year I finally knew the downside of this broker. My profit for GBP/USD was canceled because of rule violation. Below is their email:
We hereby inform you that Control and Security Department has performed a correction on your account with the following parameters:
235.56 || CANCEL ERROR ORDERS
On your account xxxxx were fixed orders contradicting with point 3.14.6. of the Public Offer Agreement:
3.14.6. The Customer agrees to undergo a supplementary expert examination of the trading account, if it has been revealed that the trading methods of the Customer include opening and closing/opening lock positions with a less than 5-minute interval between them. In accord to the results of the supplementary examination the Company reserves the right to correct the outcome of the Customer's trading by the sum total of such orders.
We apologize for the inconvenience, and feel free to contact us by email address firstname.lastname@example.org in case you have any questions.
This is so disappointing. I don't want to ruin their reputation so I can only warn for traders to be really careful if they intent to trade with Insta.
Raymon BildJul 21 2020
InstaForex's plus points are its fixed spread and cent account. Trading tools and extra features are quite many too
FranscescaJul 21 2020
Been trading for 6 months, got no problem at all. The support is pretty helpful and the payment transactions meet my needs.
Robert ZappaJul 21 2020
I can trade with only $1 for initial deposit. Trading can't get any easier than this
Zayd QJul 21 2020
When I just opened an account with InstaForex, I learned that everybody got a chance to experience with demo account so there are no worries of losing some money. They provide real good trading facilities and the epayment credit card is my favorite since I can use it to withdraw cash. They're also very helpful
Ego FrJul 21 2020
I just joined them. I pick InstaForex as my first broker, but I'm so disappointed already. Three days after creating an account, I can't get verified. I have uploaded many times with various sizes and resolutions of ID pictures, but none of them are successful. It frustrates me and so disheartening I may abandon my plan to trade with them. I'm afraid there'll be many problems with them later on.
Rachel DeanJul 21 2020
After 5 years of inactivity due to other business, I check my email and I'm surprised that InstaForex still sent me regular news. My balance is untouched and doesn't get reduced at all.
When I try to contact them via email and chat, they're very responsive and help me to send some verifications. They're also easy to communicate via phone calls and my account re-opening goes without any problem. Thanks InstaForex
Jim Tel54Jul 21 2020
My account is blocked after requesting withdrawal. I traded on Tuesday and closed it in Wednesday.. should be good for wd.
The support gave me some directions to email the antifraud. Where is the problem exactly? I have been their client for 4 years and this is the only time I got frustrated. If it's not getting any clearer I have to move to other brokers
Onlyone RonJul 21 2020
My rebate was held and I received a WARNING LEVEL 2... My Ib explained I might violate some rules regarding close and open positions.
Ray LaFelleJul 21 2020
I have 7 forexcopy accounts using martingale robot and are followed by 60 accounts. Everything goes well and the financial transaction is smooth too.
SamhJul 21 2020
Spread's too big, slow execution, fixed spread whtv
Matt EldryJul 21 2020
I'm still enjoying my trade in Insta. Both deposit and withdrawal are good, rebate bonus is reliable too. Hope the broker keeps getting better and better
OeeProJul 21 2020
In their CFD Trading, swap rates are still applied although I trade with a Swap Free account
Angus DelaneyJul 21 2020
Deposit bonus is just borrowing money. So we have to pay it back sometime in the future, more likely in the ways that we won't anticipate. Speaking from experience, bonus will be taken partly every time a withdrawal is processed.
Robert83Jul 21 2020
Insta makes it hard to verify an account, it's so discouraging
Wisetrader nationJul 21 2020
I see many cases on which traders' accounts are disabled abruptly without a clear explanation. This is so disappointing for InstaForex used to come as a highly recommended broker especially for novice traders. Complaining to their support is useless and I got the impression that they look for some mistakes to cancel clients' profit. Please be careful with this broker
SandersJul 21 2020
Instaforex seems like a market maker. They trade against us. My experience of scalping with their platform showed that I had a lot of difficulties realizing profit during news release, while at the same time it will be very easy to realize my loss.
Requote happened really often too, and my take profit couldn't be executed at times. They blamed the problem on my MT4... smh
Yann SchmJul 21 2020
You can actually benefit from their terms and conditions. I usually open trades before the news and trade in the long term. I guess it's also pretty good for newcomers seeing that they offer a lot of bonuses
Diego JrJul 20 2020
The best broker is Instaforex. Easy deposit (15 minutes) and withdrawal. I gained profit USD50,000++ with them
Rick DaytonJul 20 2020
I like InstaForex 'cuz the rebate is the biggest...
There is a deposit bonus 30% plus rebate commission, so I get double profit
PatryJul 20 2020
InstaForex sometimes does questionable things, but for some reason, I still trade with them. During my experience trading in InstaForex, there are some lessons that may be useful for newbies:
1. Trading more than 1 lot will disturb their MT4 performance.
2. I've won a trading contest (rally fx) but I felt like they made me ineligible for many reasons so I couldn't claim my prize. By the time I fulfilled their criteria, the claiming period was over so in the end, I got nothing.
3. Once, I received an affiliation bonus. It was $300 and credited to my MT4 Balance in just a day. In a one-sided decision, InstaForex canceled the bonus because of "some miscalculation" that caused my balance to be reduced by $300. My account was negative for several hours then turned back to normal the next day.
Simple FibonacciJul 20 2020
InstaForex is very suitable for trading with simple fibonacci strategy.
Terry PJul 20 2020
I was wondering why InstaForex insists on applying 3 pips spread while other brokers competing to have zero spreads. Only after I research further did I know that the spread is fixed.. I think it is a fair condition given that forex market can fluctuate badly in certain times.
Rian Dwight G.Jul 20 2020
I have an account in this broker. In spite of negative rumors surrounding it, I never encounter any problem, at least not serious ones.
I still got my bonus, even though the wd process took such a long time and umm, the spread is quite high. Overall, it's not bad
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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