OctaFX Review

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OctaFX is a well-established broker since 2011. OctaFX has headquarters in Saint Vincent and Grenadines and United Kingdom. They are generally well-suited for OctaFX to provide their Forex/CFD trading services to global clients.


This broker has also been regulated by CySEC 372/18, FCA (UK) 679306 and IFSA (St. Vincent and Grenadines) 19776 IBC 2011. Simple yet detailed information upon this broker can be seen below.


Company Information

Website
www.octafx.com

Established
2011

Country
Saint Vincent and Grenadines and United Kingdom

Regulation
CySEC 372/18
FCA (UK) 679306
IFSA (St. Vincent and Grenadines) 19776 IBC 2011

Features

Interest rate on funds

Bonus offers

Trading contests

Trading by telephone

Segregated accounts

Affiliate program

Islamic accounts available

Account Information

This broker offers cTrader ECN, MT4 Micro and MT5 Pro. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by OctaFX is up to 1:500. Meanwhile, you can open an account with a starting capital of $100

If you want to look for further information about this broker's offered account(s), please take a look at the list below.


Minimum Deposit

$100

Maximum Leverage

1:500

Spread

Variable


Minimum Deposit $100

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Trailing stop

Pending orders

One-click trading

Browser-based platform

Trading via API

Instruments Traded

Besides lots of currency pair, OctaFX also offers some instruments you would like to trade on, such as Forex and Gold & silver for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.


Forex
1:500

Gold & silver
1:200


Minimum Deposit $100

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, OctaFX also offers some instruments you would like to trade on, such as Forex, Gold & silver, Indexes and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.


Forex
1:500

Gold & silver
1:200

Indexes
1:50

Cryptocurrencies
1:2


Minimum Deposit $500

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, OctaFX also offers some instruments you would like to trade on, such as Forex, Gold & silver, Indexes, Energies and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.


Forex
1:200

Gold & silver
1:100

Indexes
1:200

Energies
1:200

Cryptocurrencies
1:2

Payment Methods

Bitcoin : As a payment method, Bitcoin is reliable for its low cost and quick process. Brokers have been integrating Bitcoin as one of their funding methods especially after the cryptocurrency's rise in popularity. Now, traders who have digital wallets can easily transfer their funds to and from their trading accounts.

Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.

Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.

OctaFX also provides payment with Credit/debit cards

Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, OctaFX offers you MetaTrader 4, MetaTrader 5 and cTrader.

Customer Support

Do you have any question or find any trouble related to OctaFX? If you do, you should reach OctaFX's support to get the information that you need. Here is the detail of the broker's customer support:

Website Languages

Bengali/Bangla
Chinese
English
German
Hindi
Indonesian
Malay
Portuguese
Spanish
Thai

Office
Support

Email
Support

Call
Support

Chat
Support


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