Octafx copy trading review

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.

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 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 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

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.

Octafx copy trading review – follow professional forex traders to make money without trading

Octafx copy trading review :

We have prepared this octafx copy trading review for many traders who just want to invest their money for returns, octafx offers copy trading which is perfect for newbies to make money following professional forex traders without taking risks at beginning of their trading career. You can find here more than 300 pages of forex traders you can follow them depending on many factors

Their performance history ( not less than three months )

Number of his followers , at the end of this page you will see example to one of the traders , acutally number one his name is ( target_pip )

The minimum investement to follow this trader for exaple ( target_pip ) minimum investement is 25 $

Please note: you will lose your money if you didn’t choose the right trader to follow and our advice for you is to depend on yourself in trading without copying other traders, they aren’t better than you and we will try to help our loyal clients with professional forex strategies, books and more to help them in their trading.

Here in this image you can see updated results for traders octafx copy trading

Our advice for all traders and investors again please choose wisely before you copy traders and never forget ( money management )

Octafx copy trading example for number one forex trader you can copy

Gain ( you can check the trader you want to copy for three months to evaluate his performance ).

Profit and loss ( what is the profit or loss for this forex trader )

Copier: like in this example you find the number of followers to the trader (target _pip) increased.

Commission: this commission the trader will take for each standard lot for his work.

Octafx forex broker give you big chance now if you opened account from the link below you get ( 100 % bonus ) on your deposit for copy trading.

Octafx review

Octafx is a forex broker. Octa FX offers the MT4, MT5 and ctrader forex trading top platform. Octafx.Com offers over 25 forex currency pairs, cfds, commodities, stocks, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.

Broker details

deposit methods:

VISA, awepay, bitcoin, fasapay, local bank deposits, local bank transfers, neteller, paytm, skrill, unionpay

withdrawal methods:

VISA, awepay, bitcoin, fasapay, local bank transfers, neteller, paytm, skrill, unionpay

Live discussion

Join live discussion of octafx.Com on our forum

Octafx.Com profile provided by john, may 29, 2012

Octa markets incorporated is a worldwide recognized forex broker. Octafx provides forex brokerage services to its clients in over 100 countries of the world. Octafx uses the most up-to-date technology and knowledge to make your forex trading experience outstandingly convenient. Our top goal is the trust and satisfaction of each client's need and requirements. Octafx sets the highest service level standards and maintains them as well as constantly develops new services and promotions.

Video

Your company video here? Contact ad sales

Let other traders know if this service is worth checking or should be avoided.

Traders reviews

Length of use: over 1 year

Length of use: 0-3 months

DISCLAIMER: this review is not to state that octafx is the best broker in the world. I've traded with a lot of brokers and never had problems with any of them, with respect to deposit and withdrawals.

Herein are the list of transactions that I did on my account with octafx. It has the ID, time the request was created, and the time it was processed.

DEPOSIT
deposit ID 4703156
created dec 27, 2020 03:23 PM
processed on dec 27, 2020 03:50 PM

WITHDRAWALS
withdrawal ID 1930065
created dec 30, 2020 11:51 AM
processed on dec 30, 2020 12:17 PM

Withdrawal ID 1927033
created dec 29, 2020 08:00 PM
processed on dec 29, 2020 09:42 PM

Withdrawal ID 1920756
created dec 28, 2020 05:53 PM
processed on dec 28, 2020 09:43 PM

Withdrawal ID 1919630
created dec 28, 2020 03:09 PM
processed on dec 28, 2020 03:24 PM

SUMMARY:
I made the deposit to their GTB nigeria account, and made withdrawals to my GTB account. This might be the reason why I never had issues with them.

I'll advise traders to ask them [octafx] questions when they have issues, and be ready to hear and understand.

Thank you for such great feedback. We appreciate you taking the time to share it with our community and giving us one more reason to be proud of the work we’re doing with our team. We’re sure they will be excited to read your review, too, as they do their best to ensure fast and secure payment services.

Please send us a direct message if you have other questions or suggestions. Our team is always here to help, and we'll be more than happy to chat whenever you have time for us.

Kind regards,
octafx rep.

Length of use: 3-6 months

Deposit take less than 1sec
withdrawal take forever.

If you guys want to withdraw the money. Please do 1 year in advance

Thank you for reaching out and sharing your feelings with us. We're sorry to read about your dissatisfaction with our processing times. Please let us remind you that all withdrawal requests at octafx are processed within a few business hours. However, when our financial department handles a high number of requests, in rare cases, we ask to allow extra time, but it does not exceed 24 hours overall.

Please note that since you didn't provide your trading account number, we couldn't look into your previous requests. However, we wish to assure you that we always strive to improve our services and reduce the processing time. We also want you to know that if your payment is delayed or you feel like it’s taking longer than it should, you can send us a message in the live chat available on the website. Our team will be more than happy to update you on your request status.

We’re looking to hearing from you, so please don’t hesitate to get in touch with us anytime. Our team is available 24/7, and they're always here to help you whenever you need it.

Kind regards,
octafx rep.

Length of use: 0-3 months

Thank you for letting us know about the problem. We deeply regret that you were having a hard time trying to deposit, and you couldn't reach out to our support team. Unfortunately, we couldn't identify you on our system and look into your previous inquiries since you didn't provide your account details in your review. If you could contact us directly and share this information with our team, it will help us investigate the issue and understand what happened with your payment.

Please note that generally, it takes a couple of hours for bank transfers to be processed. However, we ask you to allow us extra time when our financial department handles a high number of requests. There could be different causes of why your payment is delayed and not reflected in your account. This requires an investigation, and we strongly encourage you to send us your payment proof if your deposit wasn't credited into your account after 24 hours have passed. These actions could help our team look up your payment and process it.

In the meantime, don’t forget that our team composes of real agents committed to helping you whenever you need it, so please contact us after reading this reply. We’ll make sure to find your payment as soon as possible and keep you updated.

Kind regards,
octafx rep.

Bank negara malaysia

Length of use: over 1 year

Thank you for reaching out and bringing this question to our attention. Unfortunately, we couldn't identify you on our system and look into your review since you didn't provide any details about your trading account or the bank you were using at the time. We’d really appreciate it if you could get in touch with our team and share the necessary details to help us find out what happened and investigate the matter.

We also want to remind you that our support team is always here to help you. They're available 24/7, and we'll be more than happy to hear from you and assist whenever you need it.

We're looking forward to hearing from you soon.

Kind regards,
octafx rep.

Length of use: 6-12 months

I have a lot of experience with various brokers, but octafx is the absolut best.

Low spreads.
Great bonus conditions.
Very fast withdrawal without any fees..
Good customer service.

Thank you for sharing such thoughtful feedback about our brokerage. We try really hard to provide the best trading experience for our customers here at octafx. Reading reviews like yours is a great hint that we’re providing our customers with the services that meet their needs, and we truly couldn’t be happier that that’s the case for you. We appreciate you being our client and want to say that you're always welcome on our chat at any time if you have any questions or suggestions.

Kind regards,
octafx rep.

Length of use: 0-3 months

As we’re already addressed your complaint in the thread you’ve created here on FPA, please allow us to echo what we’ve said here.

Thank you for your patience while we consulted your case with our team. After looking into the matters you brought to our attention, we can see that the cards you used to fund your trading account for the first and second time were different.

Please note that in such cases, our financial department may request verification of the second card to ensure it belongs to you and not to a third party, as all third-party transactions are strictly prohibited here at octafx. Therefore, the procedure is fully in line with our security measures.

We cannot merely block the possibility of conducting further transactions because in cases where funds do belong to a third party, we have to ensure that they’re refunded to the originating account. Therefore, it’s the trading activity that must be restricted to ensure that such money is not used for trading.

Looking into your trading history, we can see that the orders you're referring to were closed 17 hours after you got back access to your account. However, those orders could have been closed before the stop out occurred either in profit or with less loss as the two hours of account locking did not impact them. You decided to trade in the same direction, and it eventually led to the stop out. There were no issues from our side, and your orders were executed as per the market conditions. Unfortunately, there are no grounds for compensation/reimbursement as it was solely your decision to continue trading.

We want to remind you that despite this incident, you're always welcomed to contact us anytime, and we'll be more than happy to hear from you and help with any questions you may have.

Kind regards,
octafx rep.

Length of use: 0-3 months

I have been trading with this useless trader for 3 months now and im becoming more and more worried about the way this company handles my query or any issues.
1. They say there will be no swaps charged to accounts having funded more than 10k.
But they still keep charging the swaps and later asks me to provide details against the wrongly charged swaps. As in I'm working for octa FX and I will keep all this information ready for them.

2. They don't have a trading practice called partially closing a trade. If you are making losses on the trade you cant close it partially to minimize the loss. Rather it will book the entire loss and again open a new trade of the remaining lot. This is so weird and when I spoke to my account manager he gave fake promises of being working on the resolution.

3. They treat their customer with the least priority and I'm still to get my money reversed from them which now more than 50 days.

Nov 6, 2020 - 1 star octafx is a fraud company.. Beware.. You can lose money even without trading. There is no way you can contact there finance team. It's only the customer support team that never has any clue of what is happening.. In my case, 2 transactions of INR50000 got debited from my account on the 5th october 2020 but did not credit to my trading account. Since then I'm chatting with them every day.. But getting the same response .." madam we have requested for update sorry for the delay".. Every single day they are responding with the same message. After 1 month today on 05th nov, I asked them to arrange a call back from the account manager, when that human called me he was clueless about what is happening on my issue. He said he is following up with the finance team but he was not ready to provide a single email communication regarding the same. Still, no one knows what will happen to my funds. They don't have a call-in number. Only chat support. I have been trading with multiple traders and this is the worst of all. You cant talk to them at all. They don't respond to emails.. I'm very frustrated..

Reply by octafx rep submitted nov 20, 2020 dear shaziya shaikh,

Thank you for taking the time to share your experience with us. We're sorry to read that you had trouble depositing your funds at octafx. We've looked into your review, and as we can see, it is still being investigated by our financial department. We can also see that you've recently mentioned on social media that one of the transactions got back successfully, but there's still one missing. We're extremely sorry that it's taking so long, and we apologize for all the inconvenience you may have faced as a result. Please note that we’re still exchanging with the payment processor and are waiting for updates to provide you with as soon as new information reveals itself.

We wish to assure you that we’re committed to resolving this issue as soon as possible but want to ask you to allow us a bit more time. We understand how uncomfortable you may feel about the matter, and we want to tell you that we take it very seriously. We'll do everything that it takes to prevent such cases in the future and reduce the processing times. Please bear with us and remember that our customer support is constantly checking your case and they will be more than happy to provide you with the latest details.

We're looking forward to hearing from you soon. And we hope that it won't take much time to receive your funds back.

We deeply regret to read about your dissatisfaction with our services. We'll be more than happy to receive feedback from you about what could be improved, considering that the issue with swaps has been resolved and you were compensated.

As for the partial order closure, we're aware of the issue. However, it's not something we could influence and fix immediately as it would require an extensive amount of time and effort once such feedback is passed to the relevant department. However, we want to ensure you that we take your suggestions and recommendations very seriously, and we'll make sure they're all addressed and considered by our team.

We would also appreciate it if you could share what could be improved regarding our customer support services to meet your standards. It's one of our top priorities to ensure that we provide the most convenient trading experience to our customers and everything is done to your satisfaction.

Please send us a message anytime soon. Our team is always here for you, and we'll be happy to hear from you whenever you have any questions.

Octafx copy trading review – follow professional forex traders to make money without trading

Octafx copy trading review :

Their performance history ( not less than three months )

Number of his followers , at the end of this page you will see example to one of the traders , acutally number one his name is ( target_pip )

The minimum investement to follow this trader for exaple ( target_pip ) minimum investement is 25 $

Please note: you will lose your money if you didn’t choose the right trader to follow and our advice for you is to depend on yourself in trading without copying other traders, they aren’t better than you and we will try to help our loyal clients with professional forex strategies, books and more to help them in their trading.

Here in this image you can see updated results for traders octafx copy trading

Our advice for all traders and investors again please choose wisely before you copy traders and never forget ( money management )

Octafx copy trading example for number one forex trader you can copy

Gain ( you can check the trader you want to copy for three months to evaluate his performance ).

Profit and loss ( what is the profit or loss for this forex trader )

Copier: like in this example you find the number of followers to the trader (target _pip) increased.

Commission: this commission the trader will take for each standard lot for his work.

Octafx forex broker give you big chance now if you opened account from the link below you get ( 100 % bonus ) on your deposit for copy 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 review: updated octafx forex broker overview

This is a different and updated octafx review as we have our loyal clients with octafx since 2013 from more than10 countries.

So, please read carefully as we will give an honest review and all the information you need about octafxforex broker.

Let’s start with the most common questions about octafx broker and at the end, you will get our final octafx review

Octafx broker scam or legit?

This is one of the most common questions about octafx broker, traders like you want to start trading and make money but afraid asking himself if I made profits will I get these profits or not.

That’s why we made this honest octafx review and we will be honest with you. Just please keep reading the full article. But to summerise octafx is not SCAM and you will know why! And will know the pros and cons of octafx.

Octafx spread

Octafx spread is really competitive, there are three account types with octafx with different spread for example :

Micro account: floating, starting at 0.4 pips fixed, starting at 2 pips. ( no commission )

Pro account: floating, starting at 0.2 pips ( no commission )

Ecn account: floating, starting at 0 pips ( but please note there is commission )

Please check our octafx spread review here : octafx spread review

Can I start trading with octafx broker in my country?

The answer is yes, octafx is available for all countries except

Octafx available account types :

Demo account: octafx offers an excellent unlimited demo account option, available on MT4, MT5, and ctrader. It offers real market conditions and a chance to win real money in a monthly champion demo contest.

MT4 (micro) account	MT5 (pro) account	ctrader (ECN) account:
with the MT4 (micro) account, you can choose either a floating spread, starting at 0.4 pips or a fixed spread, at 2 pips, depending on your preference. This account requires a minimum deposit of 50 USD (though 100 USD is recommended) and no commission is charged on trades. Leverage is fixed at 1:500 for forex trading and the margin call/stop out is 25%/15%. Metals, indices, and cryptocurrencies can also be traded (though leverage will be lower and is set at 1:2 for cryptos).	The MT5 (pro) account only offers a floating spread, starting at 0.2 pips, and requires a minimum deposit of 500 USD. No commission is charged on this account either but leverage for forex trading is fixed at 1:200 and the margin call/stop out is set at 45%/30%. There are no swaps on this account and overnight commissions are charged after 3 days. As with the MT4 account, both CFD and cryptocurrencies can also be traded.	The ctrader (ECN) account also only offers a floating spread, but this starts at 0 pips. A commission is charged on trades and a minimum deposit of 100 USD is required. Leverage is fixed at 1:500 for currencies and 1:200 for metals – cryptocurrencies and cfds are unavailable with this account. Margin call/stop out is set at 25%/15% and overnight commissions are only charged over weekends.

Octafx regulation

Founded in 2011 and regulated by cysec since 2018 (license 372/18), octafx is a well-respected and secure broker. All funds are properly segregated, and the company has received many awards over the years for its quality of service.

The company was briefly regulated by the FCA (the UK’s financial conduct authority) from 2015 to 2017 (ref: 679306) but decided to not renew its license after the brexit referendum and instead kept its focus on the EU market.

Octafx office locations :

United kingdom, hong kong, indonesia, cyprus, malaysia, thailand

Octafx copy trading review :

For many traders who just want to invest their money for returns, octafx offers copy trading which is perfect for newbies to make some money following professional forex traders without taking risks at beginning of their trading career.

Please note: you will lose your money if you didn’t choose the right trader to follow and our advice for you is to depend on yourself in trading without copying other traders, they aren’t better than you and we will try to help our loyal clients with professional forex strategies, books and more to help them in their trading.

What is octafx minimum deposit?

The minimum deposit amount is $50.00, please note that you can get a 50 % bonus on your deposit. The bonus on deposit can help you in your trading as it helps you to open more trades.

There is no commission on your deposits or withdrawals when you use payment methods neteller or skrill.

You can use neteller, skrill, and bitcoin with no commission, yes no commission.

Octafx available leverage

Octafx has no dealing desk with leverage up to 1:500

Octafx deposits

Octafx withdrawals

Negative balance protection

Please before you start trading with any broker not just octafx broker ask support using live chat or support ticket if they are protecting your from negative balance protection or not. If not leave them immediately because in some cases you will be asked to pay more than your investment. Octafx protect you from negative balance protection.

Here is a question from the octafx broker website about the negative balance protection and the answer from octafx, so you are totally safe from negative balance protection.

Demo contests

Octafx runs two separate demo account contests, one on the MT4 platform and the other on the ctrader platform. The ctrader demo contest runs for one week and the participant with the largest demo account balance at the end of the week will win 150 USD, with smaller prizes for the rest of the top five. The MT4 demo contest works the same way, except it runs for four weeks and the grand prize is 500 USD.

Weekly octafx broker rewards ( cash prizes )

You can win cash prizes. More than 5000 trader competing to win octafx rewards .

What are the prizes?

1st prize gets 500 USD

2nd prize gets 400 USD

3rd prize gets 300 USD

4th place gets 60 USD

5th place gets 40 USD

Prize funds are credited to the client`s wallet and can be withdrawn anytime.

Only five easy steps to join

Octafx ctrader contest for cash prizes

If you use ctrader you can find the second contest and next chance to win cash prizes

Can I trust octafx to start trading?

Segregated accounts

Octafx uses separate accounts to keep protected customers’ funds segregated from the company’s balance sheets. This keeps your funds secure and untouched.

SSL-protected personal area

Your data is safe and can’t be accessed by third party

Octafx uses highly secure technology to protect your personal data and financial transactions.

3D secure visa authorization

Octafx applies 3D secure technology when processing credit and debit cards. This technology makes all visa transactions transparent and safe.

Octafx awards since 2012

Best FOREX BROKER ASIA 2020

Best FOREX BROKER INDIA 2020

Fx daily info best ECN/STP broker 2019

Best ECN BROKER 2020

Fx daily info best forex broker asia 2019

Global banking and finance review best forex broker asia 2018

European CEO magazine best FX broker 2018

European CEO magazine best trading conditions 2018

Forex awards best copy trading platform 2018

Forex awards best trades execution 2017

European CEO magazine best trading conditions 2017

UK forex awards best forex ECN broker 2017

European CEO magazine most transparent broker 2017

Forex report magazine best trading conditions 2016

FX empire best international broker 2015

Forex traders best islamic account forex broker 2015

European CEO magazine best STP broker 2015

FX empire most reliable broker 2014

Global banking and finance review best ECN broker asia 2014

World finance magazine best broker central asia

Global banking and finance review fastest growing micro forex broker 2012

Note: yes these awards are indicators that octafx is growing fast and trusted broker but these can’t be the only reason to start trading using octafx broker. There are other reasons to choose the broker like spreads, commissions on deposits and withdrawals, NO SWAP, and more will be discussed here on www.Octafxreview.Com …

Octafx trading benefits :

Allows scalping

Allows hedging

Offers STP

Low min deposit

Guaranteed stop loss is one of best benefits you can find .

Offers negative balance protection

Where is octafx based?

Octafx’s registered address is suite 305, griffith corporate centre, beachmont, kingstown, st. Vincent and the grenadines.

Does octafx use metatrader?

Yes, octafx does offer metatrader 4 and metatrader 5 for desktop, web and mobile.

Can I make deposit with bitcoin ?

All of us love cryptocurrencies , and yes you can make your deposit and withdraw with bitcoin .

Finally this is our review for octafx broker

Our experts found that octafx brokers can be reliable and trusted forex brokers . Why ?

For newbies and professional traders both, for newbies they can find unlimited easy registration for demo accounts so they can learn and that’s what we suggest they do practice first and learn with demo accounts when they are able to make money then make a deposit and start trading, for professional traders they can find everything available mobile application to trader everywhere, all strategies are available except the abuse of using arbitrage, fast and friendly support ready to help you

( live support) , experts are allowed , simply everything helps you succeed in forex is available .

Auto chartist: don’t depend on it completely but really can help you take decisions and it is FREE with OCTAFX.

Instant deposit ( for neteller and skrill ) minutes for bitcoin.

One of the most important deposits and withdrawals with bitcoin which isn’t available in most brokers.

Contests with CASH PRIZES, yes weekly contests which will help you make more money and improve your trading skills.

We tried to answer all your questions but we are here if you have any questions not answered yet just leave a comment down and we will help .

As we really help our clients and want you succeed please leave a comment or just send e-mail to us to send ( free gifts ) that help you master the markets and trade successfully .

Octafx reviews

440 • excellent

Write a review

Reviews 440

It's great

Thank you for your kind words about octafx. We are happy to have you as a part of our community.

Let us know if you ever have any questions or concerns. We're always eager to help.

The best

Dear ignatius tri joko nursanto,

Thank you so much for sharing your experience and giving us a five-star rating. We are happy to hear you are enjoying trading with octafx!

If you ever have any questions or concerns, please reach out to us. We're always here to help.

Good broker yes

Thank you so much for your candid feedback! We hope that your trading journey with octafx will continue in future.

If you ever have any questions, don't hesitate to contact us. We are always ready to help our traders!

Yours unique response is commendable

Yours unique response is commendable,
it's such a one needed in a developed world as this, keep it up we're with you all, such an excellent broadcast

Dear ubachukwu goodluck,

Thank you so much for your encouraging feedback about our services! We are incredibly happy to hear such kind words from our loyal trader.

The feedback of our clients is highly important for us as it helps us to understand our their needs better and improve our services accordingly. If there is anything you are not satisfied with, please share your concerns with us and we'd be more than happy to check.

Feel free to get in touch with us anytime, our team is always here to help you out!

Thank you for giving us 5 stars! We appreciate your support and couldn’t be happier to have you with us.

Should you have any concerns os suggestions, please don't hesitate to contact us anytime. We'll be looking forward to hearing from you.

Oke bingit

Terima kasih banyak atas rating dan komentar baik anda. Apabila ada yang bisa kami bantu, silakan hubungi kami kembali.

Maintain standards and promises

Maintain standards and promises, keeping every thing clear to customers.

Dear bhaskara rao talari,

Thank you very much for your review and recognition. We truly appreciate it!

Should you ever have any questions or concerns on how we can improve our services, please do not hesitate to reach out to us. We're always happy to have a chat with a loyal trader.

Octafx it is very good and it is very…

Octafx it is very good and it is very easy for me to enter a deposit to trade. I will not use another broker other than octafx. I make sure my life is better trading with octafx

Dear muhammad redzuan bin azman,

Thank you so much for sharing your experience and giving us a five-star rating. We are grateful to hear that you enjoy using our services and hope that it will continue for more years to come.

Should you have any questions or concerns, don't hesitate to get in touch with us. We are always happy to help or have a good chat with our loyal traders!

Octafx is the best broker

Octafx is the best broker, it following islamic rules in muslim countries which is best and another best thing is that octafx let us deposit and withdraw money in local bank, everything is best in octafx but there should be video tutorials for new traders in easy way.

Dear muhammad osama hussain,

Thank you for your encouraging and kind words about octafx. We are happy to have you as a part of our community.

Your feedback is valuable and important for us and we will make sure to forward your suggestions to our team and to create new neat tutorials for novices.

Let us know if you have any other questions, we are always ready to hear from our loyal trader!

It's really good.

We are happy to read that you are satisfied with our services! Thank you very much for sharing your feedback about octafx.

We hope you'll continue to use our services in future and if there's anything we can do for you please, let us know. We're always here for our traders.

Nice broker but please change deposit…

Nice broker but please change deposit minimum RM50 to RM10 for increase balance per day.. Thank you octafx for giving trader chance

Easy to use

Easy to use. Love it! But, sometimes its slow.

Thank you for sharing your sincere feedback with us. We are glad to hear you are enjoying octafx!

We'd like to understand what exactly you found slow about our services, so please contact us and specify the complications you've encountered. We'll take them into consideration and do our best to enhance your experience with us to 5 stars.

Should you have other questions or suggestions, don't hesitate to get in touch. We are always happy to hear from our fellow trader!

Yes this is best broker

Thank you very much for your generous review and 5-star rating!

We hope you'll continue to enjoy our services and if there's anything we can do for you please, let us know. We're always here for our loyal traders.

Very good broker.

Thank you so much for your kind words and sincere feedback. We are happy to read that your trading journey with octafx is going great and hope that it will continue for more years to come.

We'd like to know how to improve your experience and get 5 stars from you, so please don't hesitate to share your suggestions anytime and we'll make sure to forward them to the relevant department.

Best of trade broker ever

Thank you for your warm feedback and high rating! We are happy to have you with us and hope that your trading journey with octafx will continue in future.

If you ever have any questions, don't hesitate to contact us. We are always ready to help our traders!

I like this broker and I will keep…

I like this broker and I will keep trading with you. Please also try to be more efficient in crediting account once deposit has been made. I will prefer instant crediting or at most 30 minutes.

Dear benedict kantiok solomon,

Thank you very much for your detailed and sincere feedback! We highly appreciate your trust and support as well as your recommendations.

If you want your funds to be credited way faster, you can use instant payment methods such as skrill and neteller. We'll be happy to get in touch and explain how they work, so please don't hesitate to contact us anytime.

Should you have other concerns or suggestions, feel free to shoot a note to our customer care department. We are always happy to hear from our loyal trader!

First time work with octa so its good…

First time work with octa so its good experience

Thank you for taking the time to share your thoughts about octafx services.

The feedback of our clients is highly important for us as it helps us to understand our their needs better and improve our services accordingly. We'd like to know the reasons for giving us 3 stars and how can we earn 5 from you. If there is anything you are not satisfied with, please share your concerns with us and we'd be more than happy to check.

Feel free to get in touch with us anytime, our team is always here to help you out!

I don't how to do trading but yesterday I made 37 rupees so it is good

Thank you for sharing your experience with our trading platforms. We are glad to read that you've chosen octafx for your trades.

We'd like to highlight that education plays a significant role in forex trading. Education of our traders is one of the top priorities for us, that is why we organize plenty of events in order to provide octafx clients with as much neat information about forex as we can.

We'll be more than happy to assist you with free educational materials including guides, webinars, in-depth articles etc., so, please, don't hesitate to get in touch anytime. We are always ready to help our traders.

Fast respons and friendly

Fast respons and friendly. Success to octafx.

Copytrader

Copytrader review

We’ve spent what feels like ages trying to find a profitable auto-trading robot… you know, that thing where you simply press a few buttons and software makes you rich without much effort from your part. But robot after robot, they all proved to be either scam or simply a gimmick designed to make you deposit with a certain broker. Either way, they all failed to do what they promised…

Thus, it’s probably time for a new approach: to look for some sort of auto-trading feature provided by a well-known and well-respected online broker. Can we find something like that?

Yes: etoro copytrader!! This is not your regular “robot”, because you will copy other traders’ actions, but it’s all automated, so after setting a few things up, it will feel like a robot, trading without much interference from you. Let’s get to know more about it, shall we?

What is etoro copytrader?

Etoro is one of the first major brokers to offer copy trading features and because they’ve been doing it for so long, they’ve had time to fine-tune it, which is one of the reasons why it works so smooth and why currently etoro’s copytrader is regarded as the best one available.

So, what is it? It’s a tool to copy other traders, just how the name suggests and the big, obvious difference between it and a robot is that you will rely on people’s trading skills, not on some algorithm. On one hand, an algorithm will perform the same always, with no emotions involved, while people can have bad days and if the trader you are copying is having one of those, it will directly affect your balance.

On the other hand, we haven’t found any algorithms or robots with a positive track record, but there are plenty of profitable traders on etoro’s copytrader. So take your pick: man or machine.

How to use etoro copytrader?

To start using the copytrader, you will have to open an account with etoro and go through the verification process (if you just want to see the stats of different traders, you can use a demo account). Once you’ve done that, you can choose the traders you want to copy, decide how much you want to invest, and then copy their trades automatically. The minimum amount to invest in any copied trader is 200 USD, but the minimum trade is 1 USD, which allows you to manage risk.

The maximum number of traders that you can copy at once is 100 and the maximum investment in one trader is 2,000,000 USD, so it’s needless to say that if you have deep pockets, you can really invest big at etoro. Of course, that kind of investment is not for everyone and in fact, you should be very careful when investing any sum. But to help you with the decision, etoro offers extensive stats of the users available to be copied:

The picture above shows three years’ worth of data but you can choose to display their entire track record (since they first registered with etoro). Apart from this general profit and loss chart, you can see the maximum drawdown of the user, as well as the number of the traders already copying him/her and the AUM (assets under management), which tells a lot about the trader’s performance:

Copytrader main features

You have several choices to make when starting to copy a trader and we will briefly explain what you need to know so you can successfully start investing:

Copy all trades

If you choose this option, you will copy the trades that are already open on the copied trader’s account, as well as any new trades he/she opens from the moment you started copying. There are several things you need to know about this feature:

The existing positions will be opened on your account at the price (market rate) available at the time of copying, not at the price the copied trader opened them

The stop loss and take profit will be the same as the copied trader’s (as the original trade)

If the market for one of the trades is closed when you start copying, a market order will be created and the trade will be opened at the first available price when the market for that asset opens

All future actions taken by the copied trader will be mirrored on the copier’s account (including any changes made to SL and TP)

Copy only new trades

As the name suggests, this option will only copy new trades of the copied trader, from the moment you’ve started to copy him/her. A few things you need to know:

New trades will be opened at the same market price as the copied trader’s

The trades will have the same stop loss (SL) and take profit (TP) as the ones of the copied trader

Changes in SL and TP value will also be mirrored on your account

If the copied trader closes a trade, it will also be automatically closed on your account.

Copy stop-loss (CSL)

This is probably the most important risk management tool: the CSL will fully stop a copy relationship with a trader when the loss reaches a certain percentage, defined by you. This next scenario was one of my biggest fears with copy trading: let’s assume the copied trader sets a normal stop loss, which is automatically copied on my trade. I see it and I can accept that potential loss. But obviously my eyes are not glued to the screen because I am not watching charts all day if I am copy trading, so what if that trader decides to widen said stop loss in the middle of the night? It can blow my account!!

The perfect “shield” against this scenario is etoro’s copy stop-loss. It is by default set at 40% of your copy value per copy relationship but can be changed to any value between 5% and 95%. Thus, if you allotted 1,000 USD to a trader and the CSL is set to 40% (meaning 400 USD), when your equity is reduced to 400 USD, the entire copy relationship with that trader will be terminated and the remaining 400 USD returned to your balance. Of course, all other trades from that “relationship” will be closed.

Pause copy

This neat little feature allows you to stop copying the trades of a trader, without terminating the entire copy relationship with that trader. It is self-explanatory and there are no extra tips and tricks I can give you. Hit pause, you won’t copy any new trades; hit it again and you start copying the trader again. For the trades opened before you’ve hit pause, the SL, TP and close actions will be replicated on your account.

Wrapping it up – should you use etoro copytrader?

There are several things that I like a lot about etoro’s copytrader. The detailed trader stats are a great addition because being able to see a trader’s entire performance history is reassuring (a trader with 5 years in the green is surely not a lucky trader but a skilled one).

Then there’s the copy stop-loss feature, which allows solid risk management, then there’s the option to divide your investment between several traders, and then there’s the etoro name, which is one of the biggest in the business. There are lots of brokers who offer copy/social trading but to be honest, some are missing even the most basic of features, such as a performance history of the trader you are copying.

So all in all, if you’ve been spending time and money on all those robots that promise $10K per day, you better stop and give etoro’s copytrader a closer look. And if you’re looking for fully automated trading, this is exactly that because after deciding who to copy and setting up a few things, you won’t have to do anything else, unless you want to trade on your own of course. As always, be careful, invest small in the beginning and always use risk management tools.

**etoro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading cfds.
Please note that cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via cfds, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
Etoro USA LLC does not offer cfds and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about etoro.

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For detailed complaints – please use our complaints system on homepage.

2 secrets in copy trading | top masters review by tani forex in urdu

2 secrets in copy trading top masters review by tani forex in urdu and hindi. Copy trading is one of the best forex profitable way for beginners. If you are new and not know about forex trading business very easy for you that trade on best and professional traders of the world.

Octafx trading broker give special copy trading service. But bad luck this is truth in topper masters not professional. Some trader invest 5$ or 10$ and trade now balance 1000+$. And per trade very high and these traders not withdraw money. If one master account balance 1000$ and you invest same payment and master not withdraw after some days master balance increase 1500$ but your balance low. Because in every trade master trader balance charge commission. So best for you first check deposit of master.

If master deposit 10$ and now balance 1000$ then understand this master is not professional and in this master very difficult profit. Because when this master profit 5$ and balance increase 1000$ to 1005$ then show in history 100$ profit. And 2nd thing if master profit and not withdraw then leave this master and choose any other. All information about masters in copy trading in urdu and hindi by tani forex. For more information about copy trading must watch below video tutorial or join join us on you tube .

1000+ pips forex free signals

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 octafx copy trading review