What is octafx trading

Octafx economic calendar note that MT4 is currently only available for non-EU clients.

Octafx review and tutorial 2021

Octafx offers multi-asset trading on a range of platforms and mobile solutions.

Octafx offers leveraged trading on currencies.

Trade popular digital currencies at octafx.

Octafx is a forex, CFD and copy trading broker offering the MT4, MT5 and ctrader platforms. In this broker review, we’ll login to the personal area and uncover the key features, including leverage, demo accounts, regulation and more. Read on to find out if octafx is a good forex broker or not.

Octafx details

Octafx was established in 2011. The company’s headquarters are located in saint vincent and the grenadines, with an additional support office in jakarta, indonesia. The broker’s EU entity, octa markets cyprus ltd, is located in limassol, cyprus, and is regulated by the cysec.

With over 1.5 million trading accounts and a long list of forex industry awards, the founder and owner has ensured the company has amassed a global reach.

Trading platforms

Metatrader 4

The MT4 platform is a trusted software used by both individual traders and institutions, due to its ease of use and flexibility.

The platform allows you to develop your own expert advisors and technical indicators to suit your trading style. In addition to the 30 in-built technical indicators, advanced charting tools allow you to analyse price fluctuations and trends in the market, using 3 customisable chart and graph types.

Note that MT4 is currently only available for non-EU clients.

Octafx metatrader 4

Metatrader 5

MT5 is the next-generation platform that offers all the benefits of its predecessor but with additional speed, accuracy and more advanced features.

Users enjoy 8 types of pending orders, 44 analytical objects including gann and fibonacci retracement, plus additional technical indicators which are unique to MT5, such as trend oscillators and bill williams’ tools. There’s also an economic calendar as well as two major accounting modes for greater flexibility: hedging and netting.

Both platforms come in several languages, including english, arabic and hindi, and are compatible with windows pcs. Octafx provides a useful download guide on the website.

Octafx metatrader 5

Metatrader webtrader

For those using mac pcs, octafx also offers the web terminal version of MT4 and MT5, meaning traders can access the markets straight from an internet browser.

The web platforms are highly functional and customisable, boasting the same features found in the desktop versions, including charting tools, market indicators, scripts and expert advisors, plus access to diverse order types and execution modes.

Ctrader

The ctrader platform is a robust system designed for forex and CFD trading. The platform includes over 26 in-built chart views and up to 50 chart templates on a fully customisable interface. The platform boasts an impressive suite of 70 technical indicators and 28 chart timeframes, plus advanced level scalping and visual back-testing using cbot. With full market depth, traders can also execute advanced online trading strategies as well as programmable algorithms.

The ctrader platform is ready to download from the website once you have completed the registration process. The ctrader web terminal is also available for macos users.

Octafx ctrader

Markets

Octafx offers some of the most popular products, including:

Forex – 28 currency pairs including EUR/USD and USD/JPY

Indices – 10 CFD indices available such as US30 and NASDAQ

Commodities – including spot gold and silver contracts, plus brent and crude oil

Cryptocurrencies – 3 major digital currencies available; bitcoin, ethereum and litecoin

Trading fees

Typical variable spreads for EUR/USD are around 0.7 pips in both the metatrader and ctrader platforms. Gold spreads (XAUUSD) start from around 2 pips and major indices such as NAS100 are around 3.5 points. Bitcoin spreads (BTCUSD) are around 3.1 pips. Fixed spreads are also available for MT4 USD accounts.

Trading commissions are only charged in the ctrader account, at 0.03 USD per 0.01 lots. There are also rollover rates applied on positions held over 3 days. Details of these fees are listed in the product specifications.

Leverage

Octafx offers generous leverage limits up to 1:500 for currencies in the MT4 and ctrader accounts. Leverage in the MT5 account is available up to 1:200 on currencies. Metals can be leveraged up to 1:200, indices and energies up to 1:50, and cryptocurrencies up to 1:2.

Note that EU clients can only trade with leverage up to 1:30.

Mobile apps

Octafx delivers mobile app versions of the MT4, MT5 and ctrader platforms, available for iphone and android devices. The apps offer many of the essential features found in the desktop applications, including a complete set of orders in metatrader and full balance, margin and P&L information in ctrader. All trading apps come with a customisable mobile interface with clean and accurate trading functions, as well as custom mobile price alerts.

Octafx MT4 mobile app

Octafx (non-EU) also offers a downloadable proprietary copy trading mobile app, currently available only on android (APK) devices. The app allows you to manage and keep track of trading accounts whilst on the go. Users can also activate bonuses, access trader tools and deposit into their accounts. The app download process is quick and can be accessed from the google play store.

Octafx mobile app

Payment methods

Octafx offers a few fast funding methods which vary depending on your origin country, including bank cards, perfect money and bitcoin. Local bank transfers are also available for traders from certain countries, including thailand, india and nigeria.

The minimum withdrawal and deposit amounts are 5 USD for perfect money, 0.00096000 for bitcoin and 50 EUR for cards. All deposits methods are generally processed instantly or within a few minutes.

There are no commissions charged on deposits, withdrawals or currency exchange rates, except for 0.5% on perfect money deposits. The withdrawal time for all methods is 1 to 3 hours to approve and up to 30 minutes to transfer the funds. There is no withdrawal limit on earnings.

Demo account review

Octafx traders can open a demo account which provides the same trading experience as a live account but without risking any real investment. Each demo account is loaded with unlimited demo dollars and opportunities to participate in the broker’s demo contest to be one of the next champions. You can sign up for a free demo account in just a few minutes.

Octafx (non-EU) offers several deposit bonus deals, including a 50% bonus and a 100% bonus during special offer periods. In addition, there’s the trade & win promotion where traders can win gifts such as octafx t-shirts or gadgets. There are also contest opportunities, including the octafx 16 cars contest where traders are entered into a car prize draw every 3 months, as well as the champion demo contest 2020 for MT4 users.

Make sure to check all bonus terms and conditions before participating.

Regulation review

Octa markets cyprus ltd is authorised and regulated by the cyprus securities and exchange commission (cysec), under license number 372/18. EU member state residents are therefore protected by strict regulatory standards, including segregated client accounts and protection by the investor compensation fund.

The non-EU entity also claims to provide segregated client accounts to protect trader funds, as well as negative balance protection which ensures that trader account balances never fall below zero.

Additional features

Traders benefit from a range of additional education features and trading tools at octafx, including video tutorials and webinars, plus regular forex market insights and news. The brokerage also offers profit and margin calculators, as well as a forex signal service with the autochartist plugin and live quotes.

Octafx also offers a copy trading service, which is available on the desktop terminal and through the android mobile app. The copy trading services allows clients to automatically copy leading traders based on the equity and leverage of both the master trader and the copier’s accounts.

Octafx economic calendar

Account types

There are 3 account types available at octafx, which are determined by the trading platform you are using: micro (MT4), pro (MT5) and ECN (ctrader). Accounts are available in USD or EUR. The minimum trade volume across all accounts is 0.01 lots and there is no maximum.

The main differences between the accounts is the assets available to trade, the spreads and the minimum deposit amounts. The micro and ECN minimum deposit is 100 USD. The minimum deposit in the pro account is 500 USD. Commissions are also charged in the ECN account.

Account opening is easy and requires the submission of ID documents in line with KYC requirements. In most cases, if your documents are submitted clearly, verification should only take up to 3 hours.

There is also an islamic swap-free account for those worried about whether trading is haram or halal. Note clients from the united states are not accepted at octafx or octa markets cyprus ltd.

Benefits

Traders enjoy several benefits when trading with octafx vs the likes of FBS, IQ option and exness:

Metatrader and ctrader platforms

Bonuses and contests (non-EU)

Commission-free trading

EU regulation

Drawbacks

Compared to other brokers such as hotforex, XTB and olymptrade, octafx does fall short in some areas:

Not FCA regulated

Limited funding methods

Zero pip spreads unavailable

No copy trading on ios devices

Trading hours

Trading times in the MT4 and MT5 platforms are 24/5, from 00:00 on monday to 23:59 on friday server time (EET/EST). The ctrader server time zone is UTC +0, though you can set other time zones, such as GMT, for charts and trading information.

Customer support

For telephone support, non-EU clients can contact the helpline, +44 20 3322 1059, between 00:00 and 24:00, monday to friday (EET). For EU clients, the number to call is +357 25 251 973 between 09:00 and 18:00, monday to friday (EET).

There is also an email form, however, the fastest way to get in touch is via the 24/7 live chat service, which you can access by clicking on the chat logo at the bottom of the website. The support team are helpful if you need to know your withdrawal pin, any platform problems, VPS questions, or you want to delete an account.

In addition, you can find updates on the broker’s social media pages, as well as the octafx youtube channel.

The broker’s head office addresses are:

Octafx, suite 305, griffith corporate centre, beachmont, kingstown, st vincent and the grenadines

Octa markets cyprus ltd, 1 agias zonis and thessalonikis corner, nicolau pentadromos center, block: B’, office: 201, 3026, limassol, cyprus

The broker’s website is available in a number of languages for clients from indonesia, malaysia, pakistan and india.

Security

Octafx uses 128-bit SSL encryption and PIN codes in the personal area and trading platforms, which is the industry-standard security requirement for protecting personal data. The broker also applies 3D secure visa authorisation when processing credit and debit card transactions.

Octafx verdict

Octafx offers a promising trading service for novices and experienced traders, with a choice of metatrader or ctrader platforms as well as the copytrading app. The broker offers fee-free deposits and withdrawals, plus islamic accounts and a demo solution. The ECN spreads are also decent, though not as competitive as the zero spread accounts offered at other brokers like XM, for example.

Accepted countries

Octafx accepts traders from australia, thailand, canada, united kingdom, south africa, singapore, hong kong, india, france, germany, norway, sweden, italy, denmark, united arab emirates, saudi arabia, kuwait, luxembourg, qatar and most other countries.

Traders can not use octafx from united states.

Is octafx a legit company and regulated broker?

Octafx is a legit company registered in saint vincent and the grenadines. The EU entity is registered in limassol, cyprus and regulated by cysec. If you’re unsure whether a broker is a scam or legit company, you can always check out customer reviews online.

Is octafx a market maker?

No, octafx is a no dealing desk (NDD) broker and therefore acts as an intermediary between the trader and the real market. Octafx receives commissions from its liquidity providers for each transaction.

How do I delete my octafx account?

To delete your account, you will need to get in touch with the customer support team. Note accounts are automatically deactivated if you never deposit or sign in to them.

How do I open a copytrading account at octafx?

You can sign up and login to the copytrading account in a few easy steps. Once you login to your personal area, you can set up your copytrading profile and make a deposit to your wallet. You can also sign in to your new account using the android app.

Why was my octafx withdrawal rejected?

If you encounter a withdrawal problem, you will receive a notification in your email explaining the issue. Alternatively, if you need to cancel a withdrawal, you can do this within your personal area.

Does octafx offer any free bonus deals?

At the time of writing, octafx is not offering any free bonus deals, no deposit bonus deals or promo codes. There are other promotions available for non-EU clients. Make sure to check the bonus conditions before participating.

Is octafx legal in india and pakistan?

Yes, you can legally open an octafx account from 100 countries, including india, pakistan, singapore, ghana and the UAE.

About ECN trading

What is ECN/STP trading?

It is a broker's business model in which clients` orders are sent directly to one or several liquidity providers to be executed on their end. Liquidity providers include companies, banks or financial institutions that quote both buy and sell price in a financial instrument or commodity.

The more liquidity providers a broker has in general, the better execution for its clients will be (more liquidity available generally means less price slippage). What makes a true STP (straight through processing) broker is that the STP broker doesn’t internalise the orders, but sends them to liquidity providers, acting as an intermediary between their client and the real market.

Do you have requotes?

No, we don't. Any broker who re-quotes your orders is a dealing desk broker. A requote occurs whenever the dealer on the other side of the trade (whether human or automatic) sets an execution delay during which the price changes. Therefore the broker can’t open your order and sends you a message that the price has changed. That is, a requote. You usually get a new price which can be different from the one you requested (especially when the market is volatile). Often the requote is not an improvement for the client. Octafx doesn't have any requotes simply because we don't have a dealing desk, human or automatic (a piece of software usually referred to as a virtual dealer, automatic dealer and so on).

Can I scalp? Do you allow news trading?

Yes, you can. Unlike some brokers who prohibit scalping, octafx welcomes scalpers. Dealing desk brokers hold the other side of client trades, and have to decide whether to hedge or run their client’s overall net position at any given moment. Therefore trading styles such as momentum scalping can make it difficult for dealing desk brokers to manage client positions, particularly as scalpers generally open and close trades relatively quickly.

Another potential issue for dealing desk brokers is that scalpers generate a proportionately large number of requests to trade at the same time during busy periods, for example during the release of key economic data, which above a certain trade size are generally handled individually and can lead to an increased number of requotes for clients.

Octafx are not a dealing desk broker. Instead all the trades are passed to our liquidity providers. The larger the volume of orders to trade we receive, the better it is for us, as we receive a commission based on trade volume.

How do I find out if my broker is a dealing desk?

A direct or indirect prohibition of scalping, news trading, or some other similar strategies

Fixed spreads

So-called "guaranteed" stop orders

A possibility of requotes

If you encounter any of these, the broker is quite likely to be a dealing desk broker. Dealing desks brokers (also known as "market makers") create their own markets based on the underlying market. NDD (no dealing desk) brokers such as octafx act as intermediaries between the trader and the real market, and receive a defined and transparent commission for it.

How do dealing desks earn?

They earn the difference between overall client losses and client gains that aren’t hedged. In general dealing desk brokers experience a two way buying and selling client flow in a given market. Dealing desk brokers need to manage the net position of the flow, whether long or short, at any given moment. Depending on the broker, a portion may be hedged in the real market and the remaining exposure, up to the brokers risk limit, run naked as a trade of the broker in its own right.

How does octafx make money? Octafx needs profitable traders? WHY?

Octafx receives a commission from its liquidity providers for each transaction.

We receive our liquidity from a wide range of liquidity providers around the world. Our system is designed to offer the best aggregated prices of our liquidity providers direct to our clients. When you open a new order, you get the best available bid (or ask) price which is available from our liquidity providers with our commission already included in the spread you see on the trading platform. Therefore we are interested in you trading more, and staying with us as our client. Therefore it’s in our interest that your trading is as profitable as possible.

You have no requotes. WHY?

Putting it simply, we don't requote you because we have nothing to do with the quotes (i.E. The prices you see in your trading software). The order is filled when a price from one of our liquidity providers is available. It is important to understand, however, that we do not guarantee that your order will be filled exactly at the requested price; our system is setup to fill it by the next best price from another liquidity provider. But, again, your order will not be requoted, since we are more interested in your profitable trading.

Can liquidity providers see my orders?

No, they can't. From their point of view they see only one customer, that is, octafx. You remain anonymous to them in all cases.

The chart went through my limit, but my order wasn't opened. What's going on?

It is a possibility, and usually happens due to a lack of liquidity at a given time. For example, a number of clients place sell limit orders above the market prior to an important news release with a total volume of 1000 lots. When the news is released, the market goes up 50+ pips to where the chart hits the price of all these orders and requests are electronically made to open a number of orders worth 1000 lots in total. It may happen that only 200 lots are available from the liquidity providers at this price and at this given time. In this case the first 200 lots out of 1000 will be filled, while the remaining 800 will not be filled (no available liquidity) and will remain pending until the price hits the level or beyond again.

Do you allow expert advisors (EA’s)?

Absolutely. All expert advisors (EA's) are welcome.

What is slippage and why does it happen?

Slippage is a slight order opening price movement which is a result of lack of liquidity (when it's already taken by other traders' orders). It may also happen during market gaps.

Slippage is an order execution price difference which can be a result of a lack of liquidity or speed (other traders have got there first). It may also happen due to gaps in the pricing of a market.

It is important to understand that octafx do not guarantee that your order will be filled exactly at the requested price; our system is setup to fill orders with the next best price available from the liquidity providers when slippage occurs.

So during these news times it's possible that there won’t be liquidity available at the price you requested. For example you want to open a 5 lot buy order, EUR/USD, price is 1.30000. Now, in this case we can see the following liquidity available on the basic illustration above:

Provider 1: price is 1.30010, 20 lots available

Provider 2: price is 1.30005, 5 lots available

Provider 3: price is 1.30000, 1 lot available

In this case your order will be offset with provider 2, since he has the best price and enough liquidity to fill your order. And the open price will be 1.30050, which is 0.5. Pips away from the price you requested. But, again, your order will not be requoted, since we are more interested in your profitable trading.

Why don't you guarantee stop orders?

In the real market there is no such thing as a "guaranteed stop". They are offered by dealing desk brokers who create synthetic markets based on the underlying market. As dealing desk brokers generally run a proportion of the net client positions as an in-house trade against the clients, and the market is an in-house market, they have greater flexibility on stops. Guaranteed stops are typically set by the client at point of execution, can rarely be moved and incur a charge of additional spread to enter the initial trade.

In the real market any stop order is considered pending until its price is hit. After that the order is offset to a liquidity provider which may or may not involve slippage depending on the available liquidity. Therefore it's impossible to "guarantee" stop orders in the real market.

Octafx REVIEW 2020

Octafx summary

Who is octafx

Octafx is an online financial service provider that was created in 2011, with a head office in st. Vincent and the grenadines. They are also approved and regulated by cysec, and can fully provide services to clients from the european union. In this octafx review we will mention some of the rich and unique features that cannot be found in most brokers.

Octafx offers FX spot trading, along with cfds trading on cryptocurrencies, indices, metals and commodities.

They support trading platforms such as metatrader and ctrader, which are available on web, mobile, and desktop. Octafx also has their own mobile trading application.

Octafx has a website that is approved by the cyprus securities and exchange commission, also known as cysec that is under the octa-markets cyprus ltd.

The brokerage firm is headquartered in st. Vincent and the grenadines, which means it can offer a range of services to clients from around the globe. Because of this license, traders who choose this broker have the benefit of enjoying higher leverage and unrestricted bonus promotions.

The financial services and elements that are part of what octafx offers are made available for both novice and expert traders. For that reason, they have three types of accounts that accommodate every level of trading.

New clients who will open a new account with octafx are going to face different options because of limitations on promotions and leverage from the recent regulatory requirements of ESMA.

Octafx complete guide for beginners | forex trading

Octafx is a forex ECN broker offering trade on forex, indices, metals, and cryptocurrencies via cfds, across the metatrader and ctrader suite of trading platforms as well as their own octafx trading app.

OCTAFX IS A GOOD BROKER

As we all know by its name that it is one of those forex brokers that are having stable status in financial markets due to their unmatched service offerings. As for as it is concerned with octafx, they kept it simple for the new arrivals in trading fields. It ensures satisfactory and good results in customer satisfaction services and structure offered by octafx are for both initials and professional traders.

OCTAFX OFFICE IN PAKISTAN

If you need any help related to octafx in pakistan you can contact us:

Phone: +92-3007933076 (amir sohail)

Email address sajaval7272@gmail.Com

Open your real trading account with octafx.Com

There are three methods of deposit and withdrawal in pakistan.

E-currency (if you have ever gone through skill so it is possible to withdraw and deposit your currency). If not so you have to deal with a little bit of difficulty. To use E-currency you have to pass both levels of forex verification.

As before you can easily deposit or withdraw your currency in PAKISTAN via bank but nowadays STATE BANK restricted it due to some reasons so you are not able to withdraw/deposit. If you any ATM card with you along with the bank’s permission so you can go through it.

We have an international team from the USA and UK who can withdraw/deposit, for this, we give account number to the customer in which they can deposit their amount in rupees. After depositing in local bank customer informs us and provides FOREX number and other required details to us, within one hour we deposit your amount to the forex account. As this is through the international bank so there include some extra charges which customer has to pay. This is somehow costly but there is only a legal and secure way. Customers mostly go with the third step.

OCTAFX PROFIT CALCULATOR

It is a simple tool to help forex traders to buy and invest something big. For this you need to select the currency pair and volume you want to trade, the way you want to trade, toggle the open and close both prices to calculate your profit potentials. To get familiar with this app you need to go through it keenly and observe so that you will be able to know the movements of the market and deal with your trading with this handy machine. This calculator shows a breakdown of your net profit, including gross profit, swaps, and trading fees.

OCTAFX DEPOSIT METHODS:

To engage yourself with trading on the forex account you need to deposit. Before deposit, keep in mind that there is no commission on withdrawal or deposit. It also does not limit the number of deposits for twenty four hours. Deposit with local banks is processed within 1-3 hours.

OCTAFX LOCAL DEPOSIT

Deposits of local banks are processed within 1-3 hours, credit/debit card and E-wallet deposits are on time. Minimum deposits for pro accounts on metatrader 5 are $500. Many countries including PAKISTAN, INDONESIA, and MALAYSIA can use local banks for forex trading. Octafx helps a variety of banks for trading purposes.

OCTAFX WITHDRAWAL OPTIONS

For this process, you need to undergo further steps.

Wallet account

Trading account.

Have a look on withdrawing from your wallet-open the app and view the main menu by entering the icon in the right-top of the screen. Then press “withdraw” under your wallet balance.

Another way is by the trading center: select the account from which you want to withdraw money on the screen, and then press withdraws you will be able to see different options mentioned in your area. Select which is perfect for you.

Octafx PIN: what is it, and why do I need it?

When opening a trading account, you'll receive your trading account details, including account number, password, investor password and octafx PIN. At times it might be hard to remember everything, but most importantly understand what's all this information. While trading account details are quite self-explanatory, some of you may wonder what your octafx PIN is and why exactly do you need it. Today that's what we will look at, your PIN, what is it and why do you need it.

What is octafx PIN?

Is a four-digit code you use to verify the most important actions on the octafx site, such as withdrawals, internal transfers, and gift delivery.

Where can I find it?

We send you your octafx PIN upon registration, in the welcome email. And if you cannot find it, don't worry, you can restore it anytime.

Why do I need it?

The PIN is one of the safeguards for secure transactions. We will ask you to provide it at the checkout upon requesting a withdrawal. Similarly, you will need to provide it when requesting an internal transfer. Once you receive it, you should take note of it, and keep it somewhere safe. Most importantly, remember not to share it with anyone.

How many PIN codes are there?

While you can have several trading accounts, you will need only one PIN code.

What if I cannot find my PIN code or wish to change it?

It's not a problem like we've mentioned before, you can restore your PIN anytime. That's not all, in case you have troubles remembering your PIN and want to have your combination of four digits you can change it.

As you can see, octafx PIN and its purpose are very straightforward. It's no different than using online banking or withdrawing at the ATM. We hope this helps and don't forget that if you're ever unsure about something or need help, our customer support team is here to assist you. Happy trading!

Octafx UK review 2021

	octafx offers multi-asset trading on a range of platforms and mobile solutions.
Octafx offers multi-asset trading on a range of platforms and mobile solutions.

Octafx is a multiple award-winning broker that provides access to forex, cfds, indices, commodities, cryptocurrencies. Traders that like the metatrader platforms can choose between both the metatrader4 and metatrader5 platforms at octafx.

Octafx also gives traders access to 3 cryptocurrencies: BTC, LTC and ETH.

Octafx summary

Octafx offers multi-asset trading on a range of platforms and mobile solutions.

Ratings

CFD trading

Trade on the financial markets with cfds.

FTSE spread	1.8
GBPUSD spread	1.1
oil spread	1.1
stocks spread	variable

Forex trading

Octafx offers leveraged trading on currencies.

GBPUSD spread	1.1
EURUSD spread	0.7
EURGBP spread	2.1
assets	28

Cryptocurrency trading

Trade popular digital currencies at octafx.

Spread	variable
coins	BTC, LTC, ETH

Payment methods

Octafx accepts the following payment methods:

Bitcoin

Perfect money

Worldpay

Western union

Moneygram

Paysafecard

Awards

Octafx is an award-winning broker, with 8 awards received so far.

Best ECN/STP broker 2019 - fxdaily info

Best forex broker asia 2019 - fxdaily info

Best forex broker asia 2018 - global banking & finance review

Best FX broker 2018 - european CEO magazine

Best trading conditions 2018 - european CEO magazine

Best copy trading platform 2018 - forex-awards.Com

Best forex ECN broker 2017 - UK finance awards

Best trading conditions 2016 - forex report magazine

Octafx vs other brokers

If you want to compare octafx with other brokers, use the detailed comparisons below.

Octafx real or fake | complete review

Octafx review : – hello friends and welcome to our official website ecyberplanet.Com . In today’s post, we will see about an online trading app and website named octafx trading app, and find out whether it is real or fake. We are sure that you have many questions about octafx trading app, such as what is octafx trading?, who is the owner of octafx?, is octafx is fake or real?, octafx trading is safe or not?, is octafx is real or fake, how does octafx works? And many more others.

Octafx real or fake

Please read this complete article in order to get answers of all your questions about octafx trading app. Please share your experience and feedback to help others after finding your queries. Your feedback and experience will help number of other people who do not know about this application. So friends, let’s start by moving this post forward.

What is octafx?

You may heard about an online trading application named octafx trading app. It is a well established forex and CFD broker that has grown over the past few years. The platform has been activated since 2011 and has proven to be reliable for people interested in trading.

For information of latest earning apps join our whats app community

The company that controls the broker is called octa markets limited and their offices are located in suite 305, griffith corporate centre, kingston.

Features of octafx trading app:

You can manage your trading accounts

In app you can create trading accounts, modify leverage etc.

Many language supported

Multiple payment options

Compatible platform for trading app

You can top up your demo account

‘octafx’ is real or fake:

If you want a quick review of ‘octafx’, we advise you that currently it is safe.

App details:

Name – octafx trading app

Status – doubtful

App type – finance

Developer – octafx

Language – bengali, english, chinese, hindi,malay, spanish, thai etc.

Contact – support@octafx.Com

Minimum deposit – 5 dollars

Withdrawal period – 1 day to 3 day

According to our review we found that octafx is not officially illegal in india. In india all the share trading platforms are monitored by SEBI, but while reviewing it we did not find any link between octafx and SEBI (securities exchange board of india) or RBI.

That means if a trader have any issues with application transactions then indian authorities will not be able to help in this matter. As octafx is not monitored by indian authorities, various indian nationalized banks are not dealing with the platform directly.

We take a look at many reviews on internet, and I was not shocked to find complaints. After reviewing so many websites and apps, I know how they work.

Does it mean octafx is a scam?

According to our review currently octafx is safe and has proven to be reliable for people interested in forex trading.

Octafx pros and cons:

Multilingual support

Withdrawal period :- 24 hours to 3 days

Responsive customer support

Tight spreads

Little network errors.

No referral program

Minimum deposit – 5 dollars

Lack of licensing or certifications.

Limited deposit and withdrawal options

Limited range of instruments and markets

So according to our review octafx is safe but it has lack of licensing and certification.

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Please include a message in our comment box if you have any questions or wish to share your experience with us. We are looking forward to helping you.

And how did you like this article, tell it in the comment section.

If you want to know about any other app or website, then comment.

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Octafx review

Octafx facts & figures

Octafx review :
company information

Octafx founded in 2011, octafx brokers is a relatively new company in the forex trading industry, but it has already made headlines in no time. The company was established in saint vincent and the grenadines, but its headquarters are in jakarta, indonesia. As a result, octafx has mainly focused on the asian market, although it provides services to over 100 states around the world, including the UK, through octafx UK.

When choosing which broker to register with, traders often consult with the regulator and the awards the company has won. Octafx brokers has garnered some significant awards including best central asia broker 2014 and best ECN broker asia 2014. The company’s website details at least 6 awards it has accumulated over the years. And that’s not all since the company has reached some of the best heights in the industry today, as you will see in this review.

Disclaimer risks incurred: you risk your capital. Statistically, only 11-25% of traders manage to make profits through forex trading and cfds. 75-89% of clients lose their investment. You must be able to afford to expose your capital to such risk

Octafx review :
platforms & tools

Octafx review :
trading accounts

Trading accounts at octafx brokers are categorized into three categories, based on the platforms preferred by clients. These accounts include:

Octafx provides traders with mostly original metatrader and ctrader trading platform experience. In addition to the european license in cyprus, octafx also lacks supervision in major jurisdictions, which puts it at a serious disadvantage compared to other trusted foreign exchange brokers.

Octafx review :
micro MT4 account

This account is recommended for beginners and does not charge any commission. The account offers both floating and fixed spreads and will require a minimum deposit of $ 100.

This repository is friendly for beginners; in fact, it’s below the market average by around $ 200. The account has a maximum leverage of 1: 500, which is too high. Floating starts at 0.4 pips while fixed starts at 2 pips.

Octafx review :
MT5 pro account

Another type of account found at octafx brokers is the MT5 pro account, which is designed to meet the needs of experienced traders. Unlike the MT4 account which has both fixed and floating spreads, this account only has floating spreads.

It is also commission-free and offers a maximum leverage of 1: 200. The minimum deposit is slightly higher than the MT4 account and is set at $ 500. The waterline starts at 0.2 pips.

Octafx review :
ctrader ECN account

This account is ideal for traders who want to trade raw spreads as well as floating spreads. This minimum deposit is set at $ 100 and has a maximum leverage of 1: 500. The ctrader ECN account is very similar to the TM4 account but it does not offer a fixed spread. Floating starts at 0 pips.

Octafx review :
octafx regulation security of funds

Octafx brokers is an award winning company that offers to trade over 28 currency pairs as well as precious metals under amazing trading conditions on the MT4 platform. Until recently, the company was licensed to offer financial services by the FCA (financial conduct authority), one of the world’s leading regulators.

In addition to the strict rules applicable to licensed brokers, the FCA also has a clearing system that supports operators in the event of broker liquidation. Indeed, all the companies approved by this authority come under the FSCS (financial services compensation scheme), which pays 50,000 dollars per person. Unfortunately, the broker lost the FCA license in 2017 and the reason is uncertain.

We have checked that octafx is regulated by well-known organizations. You can check each of the octafx regulators given below. The regulations provide some help to those who have problems with octafx.

Regulators protect traders through reimbursement plans and other actions to regain customer investment after the broker goes bankrupt. Brokerage companies must comply with various rules and standards established by recognized international authorities in order to provide safe transactions and obtain permits.

The concept of the entire regulation is to protect octafx traders and provide a safe trading environment.

Octafx review :
trading conditions & platforms

Octafx review :
minimum deposit

Don’t be fooled by the three accounts we saw above and think that the minimum deposit is $ 100. In fact, broker octafx sets their minimum deposit at $ 5 for all UK clients, a symbolically low amount. This is well below the market average which is around $ 100.

Octafx review :
influence

The maximum leverage provided by octafx brokers is extremely high, reaching a maximum of 1: 500. Although high, some forex brokers offer this same leverage and even a higher level. However, that could change in the UK as the FCA wants to cap at 1:50 (just like in the US).

Regulators have generally imposed a limit on the level of leverage in order to protect traders from the high risk of trading margin, which can lead to losses well beyond the initial investment.

Octafx review :
spreads & commissions

Spreads and commissions are determined by the account you choose. The MT4 micro account has a spread of 0.4 pips for the floating spreads and a spread of 2 pips for the fixed variation. MT 5 pro account provides 0.2 pips spread while ctrader ECN account provides 0 pips spread.

For UK traders, they can benefit from a reasonable spread of 0.6 pips for the USD / EUR pair; which is a good deal considering what other traders are getting. There is no commission here, which is a good thing considering that octa fx brokers recovers the price through other means.

Octafx review :
trading platforms

Unlike UK based octa fx which only offers MT4, octa fix brokers offers three types of trading platforms. These are the metatrader4, metatrader5 and ctrader. These platforms are convenient because they allow you to choose your preferred option, depending on your level of trading.

The MT4 platform is suitable for both mobile applications and PC versions. It is the number one choice for many traders because it offers some unique advantages that you cannot find on other platforms. For example, the platform comes with a dozen technical analysis indicators, expert advisors, an advanced charting software package, and an extensive back-testing environment.

Octafx review :
bonus and promotions

Currently, octafx broker provides a 100% bonus for every deposit. This is a good bonus that will welcome traders and give them extra money to keep trading. With this bonus, you can afford higher margin trading without worrying about the risk. And you can choose from different types of payment methods including netteller, skrill, wire transfer, and credit card.

Octafx review :
fees

Octafx does not charge deposit, withdrawal, inactive accounts. Fees

Octafx review :
research

Octafx’s research products have a good foundation because it provides some of all necessary content types, including content types from third parties. However, compared with research leaders IG, saxo bank and CMC markets, octafx has room to enhance its research products.

Octafx provides a series of research content in the “trader tools” section, including economic calendars, market insights and daily analysis posts, as well as autochartist’s trading signals. Octafx also generates video content in minute posts on youtube, such as the regular market, as well as some archived webinars and some educational content.

Octafx review :
about octafx

If you are not sure about octafx brokers, you can easily check out the octafx comments and reviews. It provides a decent deposit bonus for every investment you make and is quite reliable. The firm responds to your business needs by being efficient and always keeps clients at the heart of all business.

Octafx review :
FAQ

Is octafx a scam?

We strongly recommend that you read the user reviews on our website before you start trading with this brokerage company. They will help you determine whether octafx is a scam or not.

Is octafx regulated?

Yes, the activity of octafx is supervised and regulated by the authorities of saint vincent and the grenadines under the international business companies (amendment and consolidation) act, chapter 149 of the revised laws of saint vincent and the grenadines. Grenadines, 2009, article

What is the minimum deposit for octafx?

This minimum deposit is set at $ 100 and has a maximum leverage of 1: 500.

Is octafx legal in pakistan and india ?

Yes, you can open an octafx account from 100 countries, including india, pakistan, UAE,malaysia, and singapore.

How long does octafx withdrawal take?

Is very fast need 1 to 3 hours

Octafx vs thinkmarkets

Octafx vs saxo bank

Octafx vs CMC markets

Octafx vs dukascopy

Octafx vs TD ameritrade forex

Octafx vs city index

Octafx vs FOREX.Com

Octafx vs XTB

Octafx vs FXCM

Octafx vs interactive brokers

Octafx vs markets.Com

Octafx vs admiral markets

Octafx vs swissquote

Octafx vs pepperstone

Octafx vs OANDA

Octafx vs plus500

Octafx vs fxpro

Octafx vs ETX capital

Octafx vs etoro

Octafx vs LCG

Octafx vs XM group

Octafx vs hotfore

Octafx vs dukascopy

Octafx vs roboforex

Octafx vs fp markets

Octafx vs pepperstone

Octafx vs ic markets

Octafx vs fbs

Octafx vs vantage FX

	octafx offers multi-asset trading on a range of platforms and mobile solutions.
Octafx offers multi-asset trading on a range of platforms and mobile solutions.

Octafx review :
rating & taders reviews

This article was written by our financial editor ramdi.

Octafx review – is it a scam or legit broker (2021)

In this octafx review, we are going to take a look at the offer that this broker prepared for its traders. Octafx is regulated by the cysec in cyprus. Octafx operates on the financial market since 1995. When it comes to trading platforms, the broker features metatrader 5, ctrader and webtrader. The octafx minimum deposit is 100 USD.

Between 74-89% of retail investor accounts lose money when trading cfds. You should consider whether you can afford to take the high risk of losing your money.

Basic information from this octafx review

website address:	octafx.Com
licensed and authorised by regulatory bodies:	cysec SVGFSA
supported languages:	english, german, spanish and portuguese
customer support available via:	E-mail, phone, live-chat
available deposit methods:	debit and credit cards, bitcoin, skrill, neteller,
available withdrawal methods:	debit and credit cards, bitcoin, skrill, neteller,
minimum deposit:	100 USD
min. Trade in lots:	0.01
spreads:	typical spread on the currency pair EUR/USD - 1,3 pips * on standard account type
tradable assets:

The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with.

For instance, in the european union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in australia and possibly in other jurisdictions.

Octafx fees (typical spreads)

We have scanned fees (typical spreads) that octafx charges when trading popular currency pairs, here is their breakdown in pips.

*typical spreads were recorded on 17.01.2020 at 21:21 for the standard account. Octafx spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.

Random reviews of competing FX & CFD brokers: ifxbrokers, excentral, olympusmarkets and capprofx

Frequently asked questions

�� is octafx a scam?

Octafx is a broker licensed and regulated by the cysec and SVGFSA. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that octafx is not a scam, read our trader reviews and check other popular trading related websites and forums.

�� what is the octafx minimum deposit?

In order to start trading with octafx, you have to deposit at least 100 USD.

�� what deposit and withdrawal methods octafx supports?

We don’t have our own personal experience with octafx. However, because the broker is regulated by the cysec and SVGFSA, there is a high chance that it is not a scam. With that being said, it still does not mean that octafx is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.

Should you be looking for a highly reliable broker featuring forex trading and cfds, you can get your hands on our marketing broker IQ option – 85% of retail CFD accounts lose money , which is a cysec regulated company that allows trading from as little as $10 and charges highly competitive fees on all assets.

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage.

Between 74-89% of retail investor accounts lose money when trading cfds. You should consider whether you can afford to take the high risk of losing your money.

¹ variable spreads, spreads recorded for the EUR/USD on 05.10.2020 at 11:42 GMT.

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Disclaimer/disclosure

All information on this website represent subjective views of the authors and they are solely informational. We do not give investment advice. The operator of the website or the authors of the articles do not bear any responsibility for any decisions that visitors may make after reading articles published on the tradingbeasts website. When you trade binary options or cfds products you are exposed to a high risk of loss. We review and rate companies offering trading platforms for binary options and cfds. We do our best to warn people about scams and promote only companies we personally consider to be very good. From some of these companies, we may receive compensation. In order for you to use this website in any manner, please read our disclaimer/disclosure page and privacy policy

so, let's see, what we have: octafx offers leveraged trading on multiple asset classes. For promo codes, platform details and copy trading, see our review. Login today. At what is octafx trading