Demo octafx
Demo octafx
Octafx forex broker ensures reliable forex trading conditions to provide traders of all skill levels with an opportunity to earn more.
Top forex bonus promo
This is possible due to: octafx - one of the best forex brokers on the market, for traders all round the world. Octafx offers access to CFD trading, commodity trading and indices trading with award-winning forex trading conditions. As well as access to the forex market, octafx offers a variety of promotions that can help you:
Demo octafx
- Language support: bengali, chinese, english, hindi, indonesian, malay, portuguese, spanish, thai
- Create trading accounts, modify leverage, enable swap-free options, edit and restore passwords
- Make deposits and withdrawals using the most popular payment options
- View your detailed overall or account operation history, apply convenient filters to it and cancel your previous deposit
- Start trading in a compatible trading platform app
- Top up your demo account
- View contest statistics and access your contest accounts
- Activate bonuses and view statistics on active and completed bonuses
get it on
Forex trading accessibility for everyone
Octafx - one of the best forex brokers on the market, for traders all round the world. Octafx offers access to CFD trading, commodity trading and indices trading with award-winning forex trading conditions. As well as access to the forex market, octafx offers a variety of promotions that can help you:
50% bonus on deposit
Negative balance protection
Why choose forex trading with octafx
Octafx forex broker ensures reliable forex trading conditions to provide traders of all skill levels with an opportunity to earn more. This is possible due to:
- No commissions on deposits and withdrawals
- No swaps
- No slippage
- No delays
OPEN FREE FOREX DEMO ACCOUNT WITH OCTAFX
PRACTICING AT YOUR OWN PACE
Octafx understands that new traders need time to get familiar with tools and market specifics. Octafx considers it very important to provide learners with demo accounts; the performance of inexperienced, new traders might be far from their expectations without prior learning or practicing. For experienced traders who wish to forward test or back test their strategies and practice their trading skills, our demo accounts offer even more, providing an unlimited balance and full support of various trading robots. Test trend following, breakout, momentum, and other strategies on your way to create the best trading plan.
Although the octafx demo account does not involve real money, trading takes place in real market environment with actual trading and quoting data, as it is viewed in the real accounts. You’ll see live trading signals, charts, and trading assets absolutely free!
Metatrader 4 free trading software
Download metatrader 4 for all device versions
Download metatrader 4 on your phone
Metatrader 4 web-platform
MT4 web platform allows you to trade from any browser on any operating system with a well-known interface of a desktop platform. All major tools are available including one click trading and chart trading.
Metatrader 4 desktop
Metatrader 4 is highly customisable. It includes charting tools, market indicators, scripts and eas, advanced risk management, real time market execution and more.
Metatrader 4 android
Enjoy a complete set of trade orders, trading history, interactive charts and the widest variety of supported devices - all that is metatrader 4 for android. Wherever you are and whatever you do, forex will always be with you!
Metatrader 4 ios
Widespread trading software is now available for your iphone/ipad. Login to your account and have the opportunity to trade on metatrader 4 from anywhere in the world via your ios device.
THE MOST POPULAR FOREX TRADING PLATFORM
Metatrader 4 (MT4) provides robust technology and high security to enable traders to choose forex or CFD positions without worrying about the stability of the platform. It offers instruments to follow price fluctuations, identify trend patterns through charts and graphs, and also deploy automated trading techniques to manage trades.
Why choose metatrader 4?
This electronic trading platform is used by new and experienced traders alike. It’s trusted by individual traders as well as large introducing brokers and trading companies. It offers excellent trading and analytical tools, and is flexible enough to implement simple as well as highly complex trading strategies. The platform supports trading in forex, cfds and cryptocurrencies.
At octafx, we provide our clients with the MT4 platform to enable them to carry out their trading activities efficiently and with complete peace of mind. We also offer educational material, as well as MT4 demo accounts, so they can practice risk-free trading.
Easier trading with metatrader 4
- Flexibility: there are several choices of currency pairs to trade in, as well as cryptocurrencies and cfds.
- User-friendly: MT4 has a user-friendly interface that is suitable for traders of all levels.
- Customisation: develop your own expert advisors (eas) and technical indicators on metatrader 4, to match your trading needs and practices. Windows and charts can be arranged for each profile according to your preferences.
- Efficiency: MT4 doesn’t slow down the performance of your PC or mobile, keeping disruption to a minimum.
- Charting tools: advanced charting tools help analyze the technical aspects of the market.
- Expert advisors: trading robots enable the automation of trades and access to the platform’s algorithmic trading benefits.
- Language: the platform is available in multiple languages.
Learn how to start forex trading in 4 easy steps
learn how to start trading on MT4
Metatrader 4 offers enhanced security
The MT4 platform offers the highest security standards to protect traders’ funds. The client terminal and platform servers exchange data through encrypted servers, and the platform uses RSA digital signatures. Your IP address also remains protected.
Moreover, alongside metatrader 4 security, octafx provides it’s own measures taking fund security to the next level:
- Segregated accounts: as per international regulatory standards, octafx keeps customers' funds separate from the company's balance sheets.
- SSL-protected personal area: customers’ personal data and financial transactions are protected with 128-bit encryption, making browsing safe and client data inaccessible to any third party.
- Account verification: octafx encourages customers to verify their account by submitting a personal ID scan and proof of address to ensure transactions are authorised and secured.
- Secure withdrawal rules: withdrawals require email confirmation and customers are encouraged to use the same payment details for both deposits and withdrawals.
- 3D secure visa authorisation: 3D secure technology is used for processing credit and debit cards.
- Advanced protection: octafx ensures the technical environment is monitored 24/7 by a dedicated team of security engineers and technical specialists.
Metatrader 4: OS and device compatibility
Metatrader 4 is available as a web platform that’s compatible with windows, linux and mac OS. MT4 can also be accessed from a smartphone or tablet, whether it has an ios or android operating system. Trade anytime and anywhere, and have access to trading information 24 hours a day, even while you’re traveling or on vacation. It is super-easy to download and install the terminal on any compatible device.
Metatrader 4: trade execution modes
An order is an instruction to perform a trade. There are three trade execution modes on the MT4 platform:
- Execution by market: your order opens a position at the latest price, even if there’s a deviation from what is visible on the platform. This results in much faster execution of orders, as it doesn’t involve requotes. *
* supported by octafx - Instant execution: the system tries to execute your order using the current price on the platform. If the exchange rate changes while the order is being processed, a requote option becomes available, which the trader can accept or reject.
- Execution on request: prices are requested before the order is placed. Once the exchange rates come in, order execution can be confirmed or rejected.
Metatrader 4: сharting tools for technical analysis
Metatrader 4 offers advanced charting capabilities to determine entry and exit points with technical analysis, which uses historical price and volume data to help make predictions. It’s also possible to send trading orders straight from the chart.
By default, MT4 opens with four charts, each representing a unique currency pair. On the left of the charts is the market watch window, with two tabs. The symbols tab shows a list of currency pairs with their bid and ask prices, while the tick charts tab shows the real-time price activity of chosen currency pairs. Below this is the navigator window, where traders can view their account(s), indicators and expert advisors.
The appearance of the charts can be customised. Each currency pair on the chart can be seen in nine different timeframes (including one minute, five minutes, one hour, daily, weekly, monthly). Graphical objects can be included in the charts, such as shapes (rectangle, triangle, ellipse), arrows and text.
Octafx demo account
How to set up a octafx demo account – step by step
To register for, and set up a octafx demo account, traders can follow these steps:
- To access the octafx demo account, traders will have to go through the full registration process of opening a live account.
- Navigate to the octafx website and click ‘registration’ on the home page.
- The trader will be redirected to a new page where an online application form will appear, and traders must provide their first and last name, email address, and a password.
- Alternatively, traders can opt to register their details by using their facebook or google credentials by clicking on the relevant icons provided, respectively.
- To complete registration, the trader must check their email for confirmation. As soon as the trader has received the email, the embedded link to ‘confirm’ can be clicked and the trader will receive another email to confirm registration.
- In the email, the trader can click on the ‘start trading’ link to be redirected to the octafx website and the registration form.
- Traders will need to provide information such as their residential address and employment details, amidst others, along with providing documents to serve as proof of identification and residential address.
A demo account is often referred to as a practice account due to it providing traders with the ability and freedom to explore the broker’s offering without running the risk of incurring losses through the provision of virtual money with which to practice trading.
Beginner traders can use demo accounts to familiarize themselves with a live trading environment, where they can build up their trading skills by actively participating in trades and develop their own trading strategies.
Demo accounts are not merely intended only for beginners, but it provides more advanced traders the opportunity to explore what octafx has to offer.
Octafx demo account features
The octafx demo account features will depend on the trading platform that the trader uses, whether metatrader 4, ctrader or metatrader 5, in conjunction with the demo account.
In other words, the demo account features can be accessed through the trading platform and will depend on octafx’s offering with regards to asset classes, financial instruments, spreads, leverage, and so on.
Pros and cons
PROS | CONS |
1. Metatrader 4, metatrader 5 and ctrader are reliable, user-friendly trading platforms | 1. Full registration needed to access demo account |
What is the difference between a demo and live trading account?
A demo account provides the trader with a practice account that can be used to practice trading in a risk free environment.
Demo accounts are often suited for beginners who need to build up experience with trading as well as advanced traders who would like to test their trading strategies and explore the offering of a broker before registering a live account.
Does octafx offer a demo account?
Can I convert my demo account to a live trading account with octafx?
No, there is no need for conversion.
You have to complete the full registration before you can access the demo account, so octafx will already have the relevant information and documentation should you wish to open a live account.
Metatrader 4 free trading software
Download metatrader 4 for all device versions
Download metatrader 4 on your phone
Metatrader 4 web-platform
MT4 web platform allows you to trade from any browser on any operating system with a well-known interface of a desktop platform. All major tools are available including one click trading and chart trading.
Metatrader 4 desktop
Metatrader 4 is highly customisable. It includes charting tools, market indicators, scripts and eas, advanced risk management, real time market execution and more.
Metatrader 4 android
Enjoy a complete set of trade orders, trading history, interactive charts and the widest variety of supported devices - all that is metatrader 4 for android. Wherever you are and whatever you do, forex will always be with you!
Metatrader 4 ios
Widespread trading software is now available for your iphone/ipad. Login to your account and have the opportunity to trade on metatrader 4 from anywhere in the world via your ios device.
THE MOST POPULAR FOREX TRADING PLATFORM
Metatrader 4 (MT4) provides robust technology and high security to enable traders to choose forex or CFD positions without worrying about the stability of the platform. It offers instruments to follow price fluctuations, identify trend patterns through charts and graphs, and also deploy automated trading techniques to manage trades.
Why choose metatrader 4?
This electronic trading platform is used by new and experienced traders alike. It’s trusted by individual traders as well as large introducing brokers and trading companies. It offers excellent trading and analytical tools, and is flexible enough to implement simple as well as highly complex trading strategies. The platform supports trading in forex, cfds and cryptocurrencies.
At octafx, we provide our clients with the MT4 platform to enable them to carry out their trading activities efficiently and with complete peace of mind. We also offer educational material, as well as MT4 demo accounts, so they can practice risk-free trading.
Easier trading with metatrader 4
- Flexibility: there are several choices of currency pairs to trade in, as well as cryptocurrencies and cfds.
- User-friendly: MT4 has a user-friendly interface that is suitable for traders of all levels.
- Customisation: develop your own expert advisors (eas) and technical indicators on metatrader 4, to match your trading needs and practices. Windows and charts can be arranged for each profile according to your preferences.
- Efficiency: MT4 doesn’t slow down the performance of your PC or mobile, keeping disruption to a minimum.
- Charting tools: advanced charting tools help analyze the technical aspects of the market.
- Expert advisors: trading robots enable the automation of trades and access to the platform’s algorithmic trading benefits.
- Language: the platform is available in multiple languages.
Learn how to start forex trading in 4 easy steps
learn how to start trading on MT4
Metatrader 4 offers enhanced security
The MT4 platform offers the highest security standards to protect traders’ funds. The client terminal and platform servers exchange data through encrypted servers, and the platform uses RSA digital signatures. Your IP address also remains protected.
Moreover, alongside metatrader 4 security, octafx provides it’s own measures taking fund security to the next level:
- Segregated accounts: as per international regulatory standards, octafx keeps customers' funds separate from the company's balance sheets.
- SSL-protected personal area: customers’ personal data and financial transactions are protected with 128-bit encryption, making browsing safe and client data inaccessible to any third party.
- Account verification: octafx encourages customers to verify their account by submitting a personal ID scan and proof of address to ensure transactions are authorised and secured.
- Secure withdrawal rules: withdrawals require email confirmation and customers are encouraged to use the same payment details for both deposits and withdrawals.
- 3D secure visa authorisation: 3D secure technology is used for processing credit and debit cards.
- Advanced protection: octafx ensures the technical environment is monitored 24/7 by a dedicated team of security engineers and technical specialists.
Metatrader 4: OS and device compatibility
Metatrader 4 is available as a web platform that’s compatible with windows, linux and mac OS. MT4 can also be accessed from a smartphone or tablet, whether it has an ios or android operating system. Trade anytime and anywhere, and have access to trading information 24 hours a day, even while you’re traveling or on vacation. It is super-easy to download and install the terminal on any compatible device.
Metatrader 4: trade execution modes
An order is an instruction to perform a trade. There are three trade execution modes on the MT4 platform:
- Execution by market: your order opens a position at the latest price, even if there’s a deviation from what is visible on the platform. This results in much faster execution of orders, as it doesn’t involve requotes. *
* supported by octafx - Instant execution: the system tries to execute your order using the current price on the platform. If the exchange rate changes while the order is being processed, a requote option becomes available, which the trader can accept or reject.
- Execution on request: prices are requested before the order is placed. Once the exchange rates come in, order execution can be confirmed or rejected.
Metatrader 4: сharting tools for technical analysis
Metatrader 4 offers advanced charting capabilities to determine entry and exit points with technical analysis, which uses historical price and volume data to help make predictions. It’s also possible to send trading orders straight from the chart.
By default, MT4 opens with four charts, each representing a unique currency pair. On the left of the charts is the market watch window, with two tabs. The symbols tab shows a list of currency pairs with their bid and ask prices, while the tick charts tab shows the real-time price activity of chosen currency pairs. Below this is the navigator window, where traders can view their account(s), indicators and expert advisors.
The appearance of the charts can be customised. Each currency pair on the chart can be seen in nine different timeframes (including one minute, five minutes, one hour, daily, weekly, monthly). Graphical objects can be included in the charts, such as shapes (rectangle, triangle, ellipse), arrows and text.
Octafx demo account
How to set up a octafx demo account – step by step
To register for, and set up a octafx demo account, traders can follow these steps:
- To access the octafx demo account, traders will have to go through the full registration process of opening a live account.
- Navigate to the octafx website and click ‘registration’ on the home page.
- The trader will be redirected to a new page where an online application form will appear, and traders must provide their first and last name, email address, and a password.
- Alternatively, traders can opt to register their details by using their facebook or google credentials by clicking on the relevant icons provided, respectively.
- To complete registration, the trader must check their email for confirmation. As soon as the trader has received the email, the embedded link to ‘confirm’ can be clicked and the trader will receive another email to confirm registration.
- In the email, the trader can click on the ‘start trading’ link to be redirected to the octafx website and the registration form.
- Traders will need to provide information such as their residential address and employment details, amidst others, along with providing documents to serve as proof of identification and residential address.
A demo account is often referred to as a practice account due to it providing traders with the ability and freedom to explore the broker’s offering without running the risk of incurring losses through the provision of virtual money with which to practice trading.
Beginner traders can use demo accounts to familiarize themselves with a live trading environment, where they can build up their trading skills by actively participating in trades and develop their own trading strategies.
Demo accounts are not merely intended only for beginners, but it provides more advanced traders the opportunity to explore what octafx has to offer.
Octafx demo account features
The octafx demo account features will depend on the trading platform that the trader uses, whether metatrader 4, ctrader or metatrader 5, in conjunction with the demo account.
In other words, the demo account features can be accessed through the trading platform and will depend on octafx’s offering with regards to asset classes, financial instruments, spreads, leverage, and so on.
Pros and cons
PROS | CONS |
1. Metatrader 4, metatrader 5 and ctrader are reliable, user-friendly trading platforms | 1. Full registration needed to access demo account |
What is the difference between a demo and live trading account?
A demo account provides the trader with a practice account that can be used to practice trading in a risk free environment.
Demo accounts are often suited for beginners who need to build up experience with trading as well as advanced traders who would like to test their trading strategies and explore the offering of a broker before registering a live account.
Does octafx offer a demo account?
Can I convert my demo account to a live trading account with octafx?
No, there is no need for conversion.
You have to complete the full registration before you can access the demo account, so octafx will already have the relevant information and documentation should you wish to open a live account.
octafx | champion MT4 demo contest
Prizes: | 1 - $500 2 - $300 3 - $100 4 - $60 5 - $40 |
in case the prize funds are used for real trading, the withdrawal limit is 300% of the prize funds (including both the prize funds and profit).
Latest promotions:
Extra promotions:
Great BROKER.
Terpercaya, hadiah dapat di wd sesuai dengan promonya.
Bintang tujuh (Y)(Y)
Last place $100? Reaallly will be paid? Or just marketing gimmick? Any one been paid for last place?
Norul islam
Ibazk
Saya baru saja menerima hadiah dari octa demo champion dan dananya dapat di
wd. Octa is OK .
Fxbonus
Trader
From rules:
the prize is paid into the client's real account at octafx and can be withdrawn
in case the prize funds are used for real trading, the withdrawal limit is 300% of the prize funds (including both the prize funds and profit).
Surinder singh
A new breed of online forex broker, octafx is an award winning ECN/STP broker that is based in saint vincent and the grenadines. This broker was acknowledged by global banking and finance review, an online portal dedicated to covering development in the international financial community, as the fastest growing micro broker in 2012. No doubt, the rapid growth of this broker could be attributed to the high quality services which the broker is providing its clients with. Octafx recognizes that its clients is it most valuable asset and hence strive for perfection. “perfectionism in its best sense, professionalism and goal-orientation is what distinguishes the octafx team”, said the CEO of the parent company, octa markets incorporated.Octafx main trading platform is the industry standard metatrader 4 (MT4). Highly customizable and stable, the trading platform is fully equipped with various technical tools designed to make the trader’s job in analyzing the market easier. The MT4 trading platform is also available for mobiles devices like iphones, android and window powered mobile devices.
All features of the standard version of MT4 trading platform is also available on the mobile version.
Account types
there are two main types of trading account provided by octafx, micro and ECN trading accounts.
• 12 currency pairs + gold and silver
• 5 digits quotes
• expert advisors and scalping allowed
• leverage level is up to 1:500
• margin call level is 25%
• require a minimum of $5 deposit to open
• stop out level is 15%
• require a minimum deposit of $50
• 28 currency pairs + gold and silver
• 5 digits quotes
• expert advisors and scalping allowed
• leverage level is up to 1:500
• margin call level is 25%
• require a minimum of $5 deposit to open
• stop out level is 15%
Commission & spreads
the spreads that octafx charges are floating and they all start from 0.2 pips regardless of the type of trading account.
Customer support
octafx have always pride itself with a high quality support team that is always within the reach of traders 24/5. To get in touch with the support team, traders can either do it through:
• live chat
• filling in the online contact form
• email at [email protected]
• phone: 4001-200970 (china)
1-800-815-304 (malaysia)
+17844574224 (st. Vincent and the grenadines)
As octafx is main clientele base is from china and south east asia, multi-lingual support is available in the following languages:
• bahasa indonesia/malaysia
• mandarin
Reliability
in terms of reliability, octafx have always made this one of its priority. Some of the measures that they have in place include:
Accounts segregation
octafx keeps its corporate funds separate from the clients’ trading funds. This is in accordance to international regulations and accounting standard.
SSL data encryption
personal data and online financial transactions are protection by encryption with SSL encryption technology.
Account verification protocols
all trading accounts have to go through a stringent verification process.
Secured withdrawal
all withdrawal requires an email confirmation thus preventing unauthorized withdrawal by a third party.
3D secure technology for credit/debit card transaction
3D secure technology is used to process all transaction from visa and mastercard to ensure the integrity of the transaction.
Security engineer team
the backoffice of octafx technical environment is monitored 24/7 by a team of security engineers to ensure top level protection.
Pros
the advantages of dealing with octafx are numerous. They include:
• attractive promo offers
• demo account
• fast reliable executions
• free market analysis
• high quality customer support
• low minimum deposit requirement
• provide ecn trading facility
• stable and reliable trading platform
• true ECN/STP services
Cons
although just a micro broker, octafx have managed to cover practically every aspect of their clients’ needs. So far, I can’t seem to find anything wrong with this broker.
Conclusion
to conclude, the award that octafx is well deserved. Despite being a new broker on the forex trading scene, they have managed the hearts and minds of many of their clients with the effort and dedication that they put into providing top notch services to their clients. For those who are in the market for a reliable and efficient forex broker, octafx certainly come highly recommended.
Demo octafx
- Kini aplikasi ini menyokong bahasa melayu
- Buat akaun dagangan, ubah suai leveraj, dayakan pilihan tanpa swap, edit dan pulihkan kata laluan
- Buat deposit dan pengeluaran menggunakan pilihan pembayaran paling popular
- Lihat sejarah keseluruhan terperinci atau operasi akaun anda, gunakan penapis mudah dan batalkan deposit anda sebelum ini
- Mula berdagang dalam aplikasi platform dagangan yang serasi
- Tingkatkan akaun demo anda
- Lihat statistik pertandingan dan akses akaun pertandingan anda
- Aktifkan bonus dan lihat statistik mengenai bonus aktif dan lengkap
dapatkan di
Kebolehcapaian dagangan forex untuk semua
Octafx - salah satu daripada broker forex terbaik di pasaran, untuk pedagang di seluruh dunia. Octafx menawarkan akses kepada dagangan CFD, dagangan komoditi dan dagangan indeks dengan syarat dagangan forex yang memenangi anugerah. Selain daripada akses kepada pasaran forex, octafx turut menawarkan pelbagai promosi menarik yang dapat membantu anda untuk:
Bonus 50% untuk deposit
Perlindungan baki negatif
Mengapa memilih dagangan forex dengan octafx
Broker forex octafx memastikan syarat dagangan forex boleh dipercayai dalam membekalkan pedagang dari semua tahap kemahiran dengan peluang untuk menjana lebih banyak keuntungan. Hal ini boleh dilaksanakan berikutan:
- Tiada komisen untuk deposit dan pengeluaran
- Tiada swap
- Tiada gelinciran
- Tiada kelewatan
Octafx review
- Used by 300,000+ traders
- Established in 2011
- Regulated by FSA
- Min. Deposit from £5
To open a live account, you’ll need a minimum deposit of at least £5. Alternatively, octafx offers a demo account that you can use to practice and familiarise yourself with their platform.
Regulated by . Octafx puts all client funds in a segregated bank account and uses tier-1 banks for this. Octafx has been established since 2011, and have a head office in st. Vincent and the grenadines.
Before we dive into some of the more detailed aspects of octafx’s spreads, fees, platforms and trading features, you may want to open octafx’s website in a new tab by clicking the button below in order to see the latest information directly from octafx.
Full disclosure: we may receive a commission if you sign up with a broker using one of our links.
Losses can exceed deposits
What are octafx's spreads & fees?
Like most brokers, octafx takes a fee from the spread, which is the difference between the buy and sell price of an instrument.
The commisions and spreads displayed below are based on the minimum spreads listed on octafx’s website. The colour bars show how competitive octafx's spreads are in comparison to other popular brokers featured on brokernotes.
Octafx | |||
---|---|---|---|
EUR/USD (average: 0.7 pips) | 0.4 pips + $0.00 | 0.7 pips | 0.1 pips |
GBP/USD (average: 1.1 pips) | 0.5 pips + $0.00 | 1.7 pips | 0.1 pips |
USD/JPY (average: 1.1 pips) | 0.4 pips + $0.00 | 0.6 pips | 0.1 pips |
AUD/USD (average: 0.8 pips) | 0.6 pips + $0.00 | 0.6 pips | 0.2 pips |
USD/CHF (average: 2.3 pips) | 0.4 pips + $0.00 | 2.3 pips | 0.2 pips |
USD/CAD (average: 2.9 pips) | 0.6 pips + $0.00 | 0.5 pips | 0.3 pips |
NZD/USD (average: 3.6 pips) | 0.8 pips + $0.00 | 2.8 pips | 0.3 pips |
EUR/GBP (average: 2.4 pips) | 0.6 pips + $0.00 | 0.5 pips | 0.1 pips |
Spreads are dynamic and are for informational purposes only.
As you can see, octafx’s minimum spread for trading EUR/USD is 0.4 pips - which is relatively low compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with octafx vs. Similar brokers.
How much does octafx charge to trade 1 lot of EUR/USD?
If you were to buy one standard lot of EUR/USD (100k units) with octafx at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $0. Here’s a rough breakdown of the fees and how this compares against XTB & avatrade .
Octafx | XTB | avatrade | |
---|---|---|---|
spread from : | $ 0.00 | $ 2.00 | $ 7.00 |
commission : | $0.00 | $0.00 | $0.00 |
total cost of a 100k trade: | $ 0.00 | $ 2.00 | $ 7.00 |
$2 more | $7 more | ||
visit octafx | visit XTB | visit avatrade |
All fees/prices are for informational purposes and are subject to change.
What can you trade with octafx?
Octafx offers over 40 different instruments to trade, including over 28 currency pairs. We’ve summarised all of the different types of instruments offered by octafx below, along with the instruments offered by XTB and avatrade for comparison.
FX / currency cfds | octafx | XTB | avatrade |
---|---|---|---|
# of forex pairs offered | 28 | 48 | 59 |
major forex pairs | yes | yes | yes |
minor forex pairs | yes | yes | yes |
exotic forex pairs | yes | yes | |
cryptocurrencies | yes | yes | yes |
commodity cfds | octafx | XTB | avatrade |
---|---|---|---|
# of commodities offered | 2 | 21 | 16 |
metals | yes | yes | yes |
energies | yes | yes | yes |
agricultural | no | yes | yes |
index & stock cfds | octafx | XTB | avatrade |
---|---|---|---|
# of stocks offered | 0 | 1606 | 99 |
UK shares | no | yes | yes |
US shares | no | yes | yes |
german shares | yes | yes | yes |
japanese shares | yes | yes | yes |
see octafx's instruments | see XTB's instruments | see avatrade's instruments |
What’s the octafx trading experience like?
1) platforms and apps
Octafx is one of the few brokers that offer both of the metatrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here. Octafx is one of a handful of brokers that offer the ctrader platform developed for traders looking for a STP/ECN solution. For a list of forex brokers that offer the ctrader platform, check out our comparison of ctrader brokers.
Octafx also offer mobile apps for android and ios, making it easier to keep an eye on and execute your trades while you are on the move.
Still not sure?
2) executing trades
Octafx allows you to execute a minimum trade of 0.01 lot. This may vary depending on the account you open. Octafx allows you to execute a maximum trade of 10 lot. As octafx offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.
As a market maker, octafx may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.
Finally, we’ve listed some of the popular funding methods that octafx offers its traders below.
Trading features:
Accounts offered:
- Demo account
- Micro account
- Mini account
- Standard account
- Zero spread account
- Islamic account
Funding methods:
3) client support
Octafx support a limited number including english.
Octafx has a brokernotes triple AAA support rating because they offer a wide range of languages and support options.
4) what you’ll need to open an account with octafx
As octafx is regulated by FSA , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.
While you might be able to explore octafx’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with octafx you can visit their website here.
Marcus founded brokernotes in 2014 after trying hard to find a broker for himself to trade and struggling to compare brokers like-for-like. You can find more about brokernotes & marcus here.
Cfds are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.Octafx.Co.Uk/ on 01/01/2021.
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Octafx understands that new traders need time to get familiar with tools and market specifics. Octafx considers it very important to provide learners with demo accounts; the performance of inexperienced, new traders might be far from their expectations without prior learning or practicing. For experienced traders who wish to forward test or back test their strategies and practice their trading skills, our demo accounts offer even more, providing an unlimited balance and full support of various trading robots. Test trend following, breakout, momentum, and other strategies on your way to create the best trading plan.
Although the octafx demo account does not involve real money, trading takes place in real market environment with actual trading and quoting data, as it is viewed in the real accounts. You’ll see live trading signals, charts, and trading assets absolutely free!
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Contents of the article
- Top forex bonus promo
- Demo octafx
- Forex trading accessibility for everyone
- Why choose forex trading with octafx
- OPEN FREE FOREX DEMO ACCOUNT WITH OCTAFX
- Metatrader 4 free trading software
- Download metatrader 4 for all device versions
- Download metatrader 4 on your phone
- THE MOST POPULAR FOREX TRADING PLATFORM
- Why choose metatrader 4?
- Easier trading with metatrader 4
- Metatrader 4 offers enhanced security
- Metatrader 4: OS and device compatibility
- Metatrader 4: trade execution modes
- Metatrader 4: сharting tools for technical analysis
- Octafx demo account
- How to set up a octafx demo account – step by step
- Octafx demo account features
- Pros and cons
- What is the difference between a demo and live trading...
- Does octafx offer a demo account?
- Can I convert my demo account to a live trading account...
- Metatrader 4 free trading software
- Download metatrader 4 for all device versions
- Download metatrader 4 on your phone
- THE MOST POPULAR FOREX TRADING PLATFORM
- Why choose metatrader 4?
- Easier trading with metatrader 4
- Metatrader 4 offers enhanced security
- Metatrader 4: OS and device compatibility
- Metatrader 4: trade execution modes
- Metatrader 4: сharting tools for technical analysis
- Octafx demo account
- How to set up a octafx demo account – step by step
- Octafx demo account features
- Pros and cons
- What is the difference between a demo and live trading...
- Does octafx offer a demo account?
- Can I convert my demo account to a live trading account...
- octafx | champion MT4 demo contest
- Latest promotions:
- Extra promotions:
- Demo octafx
- Kebolehcapaian dagangan forex untuk semua
- Mengapa memilih dagangan forex dengan octafx
- Octafx review
- What are octafx's spreads & fees?
- What can you trade with octafx?
- What’s the octafx trading experience like?
- 1) platforms and apps
- Still not sure?
- 2) executing trades
- Trading features:
- Accounts offered:
- Funding methods:
- 3) client support
- 4) what you’ll need to open an account with octafx
- Octafx not quite right?
- OPEN FREE FOREX DEMO ACCOUNT WITH OCTAFX
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