Bonus octafx

The company reserves the right to alter, update, or cancel this promotion at any time.

The company will notify the clients about any alterations made by posting such notifications on the company news page. The welcome bonus may be cancelled by the company at any time. In this case, 8 USD will be withheld from your account.

Welcome bonus

This promotion is not currently active.
We’ve gathered our other great promotions, offers, and contests with money and product prizes for you below.

Active offers, promotions, and contests

8 USD for free in your octafx account

How the bonus works

One welcome bonus for everyone:

Anyone can apply for our welcome bonus, but only once. Our smart sign-up system only allows users to open one welcome bonus account.

50% more to your welcome bonus account:

We offer a 50% bonus on each deposit, allowing our clients to open positions of a higher volume. You can add 50% to your welcome bonus and withdraw all these bonus funds. Note that the 50% bonus has its own terms of withdrawal.

Unlimited bonus trading period:

You are free to trade with your welcome bonus account for as long as you like. After trading two lots and making the bonus withdrawable, you can also keep your profit and bonus funds in the account for as long as you like, or withdraw them right away.

Bonus withdrawal:

After trading two lots, you can withdraw the welcome bonus funds and all profit you make above this sum from your trading account, using via the wide variety of options we offer.

Account verification:

To have the bonus credited to your trading account, you need to submit documents for verification. This is a regulatory requirement for providing security for the client funds.

Available for all accounts:

We have three types of account, to meet the needs of all traders. You can request your welcome bonus be credited to an account opened under the trading platform that suits you best.

Get your bonus

Promotion rules

Agent commission is not applied to any activity around welcome accounts.

The welcome bonus is credited to a special separate account (hereinafter—‘welcome account’) and cannot be moved to any other account.

Clients cannot deposit money into the welcome account.

To withdraw funds from the welcome account, the client should complete trades with an aggregate volume of at least two standard lots.

Reverse trading is forbidden and will be subject for blocking the associated welcome accounts permanently. All funds will be withheld from such welcome accounts. Reverse trading means opening the same position in reverse destinations on different welcome accounts. (for instance: opening 0.05 lot buy position on EURUSD under one account and opening 0.05 lot sell position on EURUSD under another account simultaneously.)

Maximum leverage for welcome accounts is 1:500.

Minimum and maximum volume for the welcome account is 0.01 lot.

The maximum number of simultaneously open positions is three.

Opening multiple bonus accounts (including those registered by the client’s relatives, etc.) is forbidden. If the company reasonably suspects that several accounts are managed by the same person or by persons who coordinate their actions, such accounts shall be permanently blocked. All amounts will be withheld from such welcome accounts.

The welcome bonus may be cancelled by the company at any time. In this case, 8 USD will be withheld from your account.

Bonuses cannot be canceled by the client.

Any IP match between two accounts regardless of trading style, name, email, country, etc., shall be considered as multiple account abuse. These welcome accounts will be permanently blocked, and all withdrawals will be declined.

The client can have only one welcome account

The company is entitled to decline the client’s application for the bonus at any time without prior notification or providing any reason.

The company reserves the right to alter, update, or cancel this promotion at any time. The company will notify the clients about any alterations made by posting such notifications on the company news page.

Individuals from certain countries may be restricted from receiving bonuses.

Agent commission is not applied to any activity around welcome accounts.

The welcome bonus is credited to a special separate account (hereinafter—‘welcome account’) and cannot be moved to any other account.

Clients cannot deposit money into the welcome account.

To withdraw funds from the welcome account, the client should complete trades with an aggregate volume of at least two standard lots.

Maximum leverage for welcome accounts is 1:500.

Minimum and maximum volume for the welcome account is 0.01 lot.

The maximum number of simultaneously open positions is three.

The welcome bonus may be cancelled by the company at any time. In this case, 8 USD will be withheld from your account.

Bonuses cannot be canceled by the client.

The client can have only one welcome account

The company is entitled to decline the client’s application for the bonus at any time without prior notification or providing any reason.

Individuals from certain countries may be restricted from receiving bonuses.

Octafx deposit bonus review

Platform

Expiration

Min. Volume

As with any other deposit bonus review, it’s important to know about the broker who is actually featuring the service. Therefore we encourage you to actually take a quick look at the octafx review here on forextradingbonus to get a good feeling of what kind of broker we’re dealing with.

If you don’t have time for the details, we generally like what octafx is doing with its service and would recommend it to traders of every caliber. However, we are here to review their deposit bonus, is it good? Is it workable? Let’s find out.

Octafx deposit bonus details

Essentially the deposit bonus is pretty simple to comprehend with octafx. They have a very detailed description of how it works, but let us break it down a bit further.

Depending on how much you deposit as your initial amount, you will be eligible for either a 10%, 30% or a 50% deposit bonus. Meaning you can trade with a lot more funds that you initially deposited. Also considering the broker’s maximum leverage of 1:1000 you’ll be trading with way more than you’ve deposited. Ok, let’s put this into perspective. Say you just deposited $1000 and this makes you eligible for a 50% bonus, so you accept. Now you have $1,500 on your account, but with additional leverage, you can trade a maximum amount of $1.5 million for a single trade.

However, make sure you understand the risks, because not only does this mean large profits, it could also mean horrible losses. There is also one inhibition that you may find with the broker. People eligible for the 1:1000 leverage need to be from the countries of bangladesh, indonesia, malaysia or pakistan. Not only that but, the 1:1000 leverage is also limited to the MT4 accounts. Although this may sound like an issue, it’s no surprise as the broker focuses on those countries mainly, but nevertheless, no matter where you’re from, you’ll still be able to access the 50% deposit bonus.

Octafx deposit bonus and how it works

There is a clear guideline of what a trader needs to do to receive the bonus, let’s bring it up.

Deposit a minimum of $50

Get your bonus with a simple application

Start trading

It is as simple as it sounds, there are no tricks like mandatory emails to the broker and etc. However, for security reasons the broker has full right to cancel your bonus if he finds your account activity suspicious. All of this info is included in the terms & conditions so don’t get surprised if this happens to you. Should it happen, you’re always free to contact one of the best customer service systems of the industry at octafx, and they’ll get back to you as soon as possible.

Also, it’s important to note that the bonus is not permanent. For example, if you deposit $100 and get $50 a bonus, your withdrawal of that $100 will cancel the bonus, so be aware of that as well. However, if you trade regularly, you’ll be able to withdraw your profits from the get-go, without disabling the bonus.

Withdrawing you octafx deposit bonus

Many would think that withdrawing your bonus is a terrible business model, but octafx disagrees with this statement. This broker actually allows you to withdraw the bonus funds once you’ve met the required trading amounts, which will vary depending on the volume that you deposit and receive. However, keep in mind that it is for trading and trading only. It isn’t advised to take the bonus out as it will inhibit your ability to trade at high volumes and make better profits.

Is octafx deposit bonus good?

Considering all of the features it all boils down to the deal being better than most brokers. Obviously, it isn’t the best deal you can find out there, but considering the quality of the broker and its services, it is still a really good idea.

Overall, octafx was able to make a solid feature with its bonus by adding the ability to actually withdraw it after a specific traded amount and most importantly, they’ve made it easily accessible. You may not agree with some of the features, like filtering the customer base for the leverage, but it is still one of the best deals you can get in the industry right now.

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Octafx deposit bonus 50% 2020

Octafx deposit bonus review

Octafx is an ECN broker and offers forex & CFD trading. The broker offers bonuses frequently. The octafx broker providing a deposit bonus for a long time. Forex traders love to take this deposit offer on each deposit. 10% to 100% forex deposit bonus

Octafx deposit bonus details

Essentially the deposit bonus from octafx is simple. The broker made all details descriptions on their official page, it is including what is the deposit bonus, how the deposit bonus offer works, but here we breakdown all details terms.

The offer is depending on initially how much you deposit. The percentage of deposit bonus is 10%, 20%, or 50%. Also, octafx offering the maximum leverage that up to 1:1000 and octafx forex demo contest and forex live contest

Peoples are eligible to take leverage up to 1:1000 if they from malaysia, indonesia, bangladesh, and pakistan. The leverage depends on the country but the bonus is available for all countries. 10% to 100% forex deposit bonus

You can choose any types of accounts from micro MT4, PRO MT5, and ECN ctrader.

Check how octafx deposit bonus works

Joining or getting a bonus is very simple. Here is the guideline of what a trader needs to do:

Verify your account completely

Make a minimum $50 deposit using any payment method you like

Get your bonus thorough a simple application

Get the bonus and start trading 10% to 100% forex deposit bonus

There is cancelation with the withdrawal. Like if you deposit $50 and get $25, then you withdraw $50 the offer will be canceled, so be aware. 10% to 100% forex deposit bonus

You can trade regularly after trade regularly you will be able to withdraw profit without disabling the bonus.

Octafx deposit bonus withdrawal

Often, we see some broker, and all fraud brokers make withdraw is a terrible model, but octafx deposit bonus withdrawal is simple.

After meeting the required trading condition that depends on the deposit volume, you will be able to withdraw your profit. 10% to 100% forex deposit bonus

Standard lot number bonus amount in USD / 2, you can withdraw profit as this term.

Terms and conditions

A client has to deposit at least $50.

The withdrawal condition is (bonus amount)/2 (bonus amount divided by two) standard lots.

After getting the offer amount is not available to any internal transfer. Also not allowed to deposit from any other promotion or contest. 10% to 100% forex deposit bonus

Octafx reserve to right cancel or change the bonus without any notice.

Octafx REVIEW 2020

Octafx summary

Who is octafx

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

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

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

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

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

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

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

Octafx sign up bonus

A first time octafx sign up bonus is not offered by octafx.

Traders who register a real account with octafx are not offered with either a first time sign up bonus, or a welcome bonus.

Octafx offers a 100% deposit bonus on each deposit which applies to both new and existing traders when a deposit of at least US dollar 50 is made into the trading account.

To make the deposit withdrawable, traders will have to comply to the trading requirements of a certain amount of lots to be traded. This will be determined by the amount that the trader deposits into the trading account.

Brokers often offer these broker bonusses to new traders in an effort to draw in more customers in addition to encouraging trading activities. Offering a deposit or welcome bonus is the best way in which to assure traders that they will receive some money back depending on the initial deposit made.

Various brokers also offer no deposit bonuses to traders in the same effort to draw in more customers and bonuses like this may aid not only the broker in acquiring new clients, but also traders who have strict budgetary restrictions.

Referral bonus

Octafx does not currently offer referral bonuses to new or existing traders who make use of the products and services offered by octafx. The only referral program which is offered, is only available to introducing brokers.

Referral bonuses are offered by brokers to traders in an attempt to draw in new clients and expand their customer base.

Often these types of bonuses have strict criteria that will have to be fulfilled before the trader can benefit from referring a friend or family member.

Some of the criteria includes, but is not limited to:

The referral has to register a real account with the broker using a unique referral link so that the registration can be traced back to the trader.

The referral bonus is only applicable should referrals register a real account as these bonuses are not available when using a demo account.

A certain minimum deposit amount has to be made by the referral.

The referral may be required to execute a certain number of trades on the new account before the trader becomes eligible to receive the referral bonus

Referral bonuses may also have a limited time in which they can be utilized by traders, perhaps in a given month that brokers see a decrease in activity and attempts to counter it by providing such bonuses.

Additional bonuses, promotions and rewards

Octafx does not currently cater for trading bonuses and there are no current initiatives to reward loyal customers.

Trading bonuses serve the purpose of encouraging traders to increase their trading activity in addition to trading higher volumes to gain access to bonuses that offer some cashback.

Pros and cons

PROS	CONS
1. Deposit bonus offered to new and existing traders	1. Welcome bonus, , no deposit bonus , and first time sign up bonus not offered
2. No referral bonus offered
3. No trading bonus for loyal customers

Conclusion

Octafx offers traders who either register a real account, or those who already possess one, the chance of receiving a bonus every time they fund their trading account.

The conditions involved are stricter than when compared to other brokers who offer this type of bonus. Although there are no other bonusses offered, octafx has a competitive offering in addition to catering for both beginner and expert traders.

Octafx review

Editors summary

Octafx is relatively well established in relation to some of the other forex brokers; however, they don't hold any licensing and regulation from recognised sources. This doesn't appear to have done them any harm, and they have over 100,000 traders with new members signing up regularly. They state that they are committed to providing excellent customer service and there doesn't seem to be any reason not to trust them.

Risk warning: the products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad disclosure: some of the links that you will find on this website are advertisements for which we do receive financial gain for referring new customers.

Introduction

Octafx or octa markets inc. Was established in 2011 in st. Vincent and the grenadines. Since then, they have grown to provide their forex trading services in over 100 countries worldwide and claim to offer the lowest spreads in the industry. They use the most up-to-date technology to provide a "convenient" trading experience for their many clients.

With convenience and high standards being two of their core values, they are continually striving to improve the user experience and make sure they stay at the forefront of the forex market. Their team of experts are always working to provide new services and new promotions while retaining their commitment to the customer experience.

While you may like the look of octafx, how can you be sure that they are the broker for you? Do they offer the right trading experience and how much do you need to invest to open an account? These are all of the things that we research on your behalf so that you can make an informed decision based on our findings.

Account types

While some brokers offer one or two accounts and other brokers as many as eight, octafx seems to fall somewhere in the middle with an offering of three main accounts plus a demo. We take a look at each of these accounts and their trading features:

Micro account

The micro account is designed for the novice trader and is perfect for those just starting. It is built for the MT4 platform and requires a deposit of $100. The spreads available start from 0.4 pips and leverage of up to 1:500 can be achieved.

Pro account

For the slightly more experienced trader, the pro account requires a recommended deposit of $500. For this, you can enjoy spreads from 0.2 pips and up to 1:200 leverage. The account holder then has access to the MT5 platform with various charts and data analysis.

ECN account

Built on the ctrader platform, the ECN account is for the progressive trader. With a $100 deposit, you can enjoy spreads of 0 pips and up to 1:500 leverage. The ctrader platforms mean that you can customise your experience.

Demo account

It wasn't easy to access the demo account as there were no apparent links or promotion of it, however after some searching we discovered the link in the practice area. You can open as many demo accounts as you want to practise and test your strategy.

Trade features and payouts

What can you expect from trading with octafx in terms of payouts, leverage and other trading features?

Leverage

The amount of leverage you can use depends on the account type you open. Leverage is another way of describing how you can multiply your funds. Using leverage of up to 1:500 you can increase your trading capital but remember, the more you leverage, the more of your investment you risk.

Spreads

Octafx claims to offer the lowest spreads available. They certainly seem very low when you look at what can be achieved ranging from 0-0.4 pips for the various account types.

Stop loss

To limit your loss on a position, you can exercise the stop loss feature. Often this is coupled with a take profit option as well. It allows you to trigger an exit from the trade when a specific price is reached. It doesn't require you to be online; you activate it when you have executed the trade.

Platform types

Many brokers use the metatrader platforms unless they have their proprietary software, and octafx is no exception. They offer three types of platform all with their own associated accounts:

Bonuses and promotions

There is a standard bonus offer that is available when you open an account with octafx and when you continue to make deposits. Open an account with a minimum deposit of $50 and get 50% bonus. That's a $75 bonus available to trade with straight away. Every time you make a further deposit you continue to receive the bonus.

In addition to the bonus, there are also two contests available; the champion demo contest with cash prizes of up to $500 and the ctrader weekly contest that offers cash prizes up to a value of $150.

Mobile trading

With octafx you can choose your mobile trading experience. If you are new to trading, then you may prefer the micro account on the MT4 platform which gives you a much more minimalistic view of the platform. If you are feeling a little more confident or have a bit more experience, the charts available with MT5 may be more what you are looking for.

You can download an app for ios and android with whichever version you choose, and the apps are suitable for mobile phones and tablets. This is the perfect portfolio of options for those who have varying degrees of experience and like to trade on the move.

Octafx is fairly well established in relation to some of the other forex brokers.

Deposits and withdrawals

Right at the top of the website is a link to "deposit and withdrawal". Click on this and takes you to a page where you can find all of the information that you need. There are no fees charged on deposits and withdrawals, and there are various methods of making a deposit. If you are using a credit card you will need to deposit a minimum of $5. With skrill and neteller it is $50.

Once you are ready to make a withdrawal request the amount you want to withdraw and the funds will be returned to the method of withdrawal. The minimum amount you can withdraw is limited to $5 with neteller and skrill.

Special features

Often certain features make a broker stand out or that give them an edge. Sometimes there are offered by other brokers because it is hard to be unique, but even so, there are those things that draw you to a particular broker. Trading with octafx offers the following:

Customer support

A good test of a broker is how visible they are and what sort of customer support they offer. If you are a new trader, you want to know that you can get answers to your questions and queries. Octafx provides many methods to get hold of support including a live chat box in the bottom of the screen, telephone numbers and even a what's app number for texts.

In addition to this there is an address for correspondence and email addresses for the various departments. There are telephone numbers for different countries as well. If you want to make your queries a little more public, they also offer links to their social media pages.

We want to help our readers in any way we can, but sometimes it's better to talk directly with your investing site to get the answers you need. For example if you have a specific query about your account you'll need to contact them in person due to security.

Alternatively, if you find that contacting your investing partner isn't working, you can contact us and we will be more than happy to try on your behalf. We have excellent working relationships with many of the sites we list and recommend.

Octafx

Email: [email protected]

Phone: +44 0203 322 1059

Address: octafx, suite 305, griffith corporate centre, beachmont, kingstown, st. Vincent and the grenadines

Conclusion

Octafx is fairly well established in relation to some of the other forex brokers however they don't hold any licensing and regulation from recognised sources like cysec and the FCA. They do state that they act following international legislation and regulation standards. This doesn't appear to have done them any harm, and they have over 100,000 traders with new members signing up regularly. They state that they are committed to providing good customer service, and there doesn't seem to be any reason to believe that they aren't a broker that you should trust.

Their technology and trading platforms offer everything for the new to the more experienced trader, and they are continually looking at ways to improve and update their platforms. With competitive spreads, robust trading features and regular bonuses, octafx seems to offer what many of you are looking for.

Our review rating system (more info)

To ensure our readers know how our experts get to their conclusions, we feel it's essential to be transparent about the rating system we use. All our ratings focus on seven key factors which are shown below. Some of these factors carry more weight than others due to their importance. The importance of a factor has ultimately been decided by our readers and years of their feedback.

50% forex bonus by octafx

With its new promotion program octafx grants its clients a 50% trading bonus on each new deposit.

More news about octafx

FXTM a regulated forex broker (regulated by cysec, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

Fxpro is a broker we are particularly keen on: it’s regulated in the UK, offers metatrader 4 (MT4) and ctrader – where the spreads start at 0 pips, level II pricing and full market depth. And the best part? With fxpro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS mastercard is also available for faster deposits and withdrawals.

Fxchoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

Hotforex is a EU regulated broker, offering wide variety of trading accounts, including auto, social and zero spread accounts. The minimum intial deposit for a micro account is only $50 and is combined with 1000:1 leverage - one of the highest in the industry.

Broker	country	regulation	platform	min deposit	review
	cyprus, UK, mauritius	cysec, FCA, FSC, FSCA	MT4, MT5, web	$10	review website
	australia, cyprus	ASIC, cysec	MT4, MT5, iress	$100	review website
	cyprus,belize, australia	cysec, IFSC, ASIC	MT4, MT5	$5	review website
	UK, australia, south africa	FCA, ASIC, FSCA, cysec	MT4, trading station, ninjatrader	$50	review website
	UK, cyprus, UAE, south africa	FCA, cysec, DFSA, FSB	MT4, MT5, fxpro markets, ctrader	$100	review website
	cyprus	cysec	MT4, MT5, web	$1	review website
	belize	IFSC	MT4, MT5	$100	review website
	cyprus, UK, south africa, UAE	cysec, FCA, FSCA, DFSA	MT4, MT5, web	$5	review website

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Octafx deposit bonus

Platform

Expiration

Min. Volume

One of the clear-cut ways of making traders excited and pleased with the trading experience is to offer them a good bonus. With a promotion, brokers make high-level trading a bit more accessible and lucrative for their clients.

Octafx is known for its outstanding trading platform on the internet. The vast majority of online reviews talk about how its offerings are true to life and offer great opportunities to the traders. One of their main discussing points is the octafx deposit bonus which promises the clients to increase their every deposit by up to half of the initial size.

If you are already intrigued, let’s not waste any of your time anymore and jump right into reviewing this bonus.

A brief review

Unlike other deposit bonuses, the octafx deposit bonus is a recurring promotion. This means that no matter how many times you make a deposit on the platform, you’re still eligible for the bonus. We cannot imagine any single trader who wouldn’t be excited about such an offer.

Another great feature of this bonus, as well as the broker itself, is the fact that traders can choose from three different account types on the website. For example, if they want a micro-account with smaller deposits and position sizes, they can choose a metatrader 4 account which, as the name suggests, features MT4 trading software.

The more experienced traders can easily go with the pro account that features metatrader 5, or the ECN account that offers ctrader for better flexibility and direct connection with the liquidity providers. And for all three accounts, the 50% bonus is readily available at any time.

On top of that, traders can deposit their money using the most sophisticated platforms existing today. For instance, if they prefer cryptocurrencies, they can use bitcoin to deposit cash, but if they don’t trust digital tokens, they can always use e-wallets like skrill or regular credit cards.

How to get the octafx deposit bonus?

After this brief overview, let’s see how you can participate in this bonus program and increase your deposits, as well as possible profits. The very first thing any trader needs to do is create a micro, pro, or ECN account on the platform. While all of those accounts are available for any trader, people must make sure that they are choosing the one most suitable for their needs.

So, after the account is opened, the next thing is to actually make a deposit on the account balance. One of the great things about the octafx broker is that it has a very low minimum deposit requirement and certainly more so when considering other brokers’ requirements.

Traders can deposit as low as $50 on their trading account, whereas other brokers demand hundreds, even thousands of dollars to be transferred. This is a great feature for beginner traders who want to minimize risks and maximize profits. And as mentioned earlier, traders can use credit cards, as well as e-wallets and even cryptocurrencies to make the actual deposit.

And that’s pretty much it: once you’ve opened up an account on octafx and made your first deposit, you’re already eligible for the 50% deposit bonus that will greatly improve your trading outcomes.

How to actually use the bonus with a margin?

Next up, let’s discuss how you can use the octafx 50% deposit bonus in real life and how you can incorporate additional features to make your positions even more lucrative. To illustrate this point more clearly, let’s use an example:

Let’s say you want to open the pro account on octafx. The minimum deposit amount necessary for it is $500. So, you’ve deposited the cash and are ready to start trading right away. For the sake of this example, let’s first assume that you didn’t claim any bonus and proceeded without any promotions.

Now, say that you want to trade the EUR/USD currency pair. As the broker mentions, traders can use the leverage up to 1:200 for the forex pairs, therefore, you can use your $500 and turn it into a $100,000 trading position. Right away, you can see that your chances of getting a higher profit have increased quite a lot – 200 times, actually.

Now, let’s say that you did choose to enroll in the bonus system. As we’ve discussed above, you’re already eligible for a deposit bonus program where you can choose a bonus from 10% up to 50%. For this example, let’s say you chose 50% and received $250 more on your account.

So, the leverage will be applied not to the $500 initial deposit but to $750 which, in this case, will become $150,000. As you can see, now you can get 300 times more profit than your initial position, and 1.5 times more than the one with the leverage but no bonus.

All of that applies to the real-world results. For instance, if you were to gain 10 pips as a profit, the first non-bonus option would yield $100 of profit. But if you chose the 50% bonus, then your profit would reach $150. You can decide for yourself which one is better.

How to withdraw the bonus money?

It seems that the benefits with the octafx bonus don’t stop. This next point is about the ability to actually withdraw the bonus funds. Now, while you can certainly do that, there are some requirements that you need to fulfill first.

Here’s the thing: when you receive the 50% bonus – or whatever your choice is – the broker will set a certain traded volume that you’ll need to reach before being able to actually withdraw the bonus funds.

Here’s how it works: when you deposited that $500 on your account and received a $250 bonus, that amount automatically set you a minimum traded limit of 125 lots that you need to complete. The calculation is pretty straight-forward: the bonus amount in USD must be divided by 2 and you’ll get your required volume.

So, basically you need to keep trading and not rendering your account inactive if you want to actually withdraw the bonus money. But still, even with this requirement present, the octafx deposit bonus is way more beneficial than other bonuses because it allows you to really take that money and not have it locked on a virtual account.

Some additional benefits

Now that we’ve discussed all the main benefits of this bonus, let’s discuss some of the smaller ones that are also pretty advantageous. The first one is the ability to actually choose the amount of bonus that you want to apply to your deposits. You can choose from 10% all the way up to 50% bonus which can definitely prove useful on some occasions.

Another benefit is the ability to choose when to apply the bonus: at any time of the trading can you use the octafx deposit bonus to increase your trading outcomes. On top of that, you’re also able to cancel the bonus at any time. But you need to keep in mind that the bonus amount will be deducted from your margin fee in its entirety.

Octafx deposit bonus – a roundup

So, what’s the bottom line of this octafx bonus review? Does it hold up against some of the most competitive deposit bonuses on the market? We think that yes, it certainly does and even offers some of the better options. For starters, the bonus adds an additional half to your initial deposits and increase your prospective profits.

Not only that, you can apply for this bonus as many times as you want. As long as you meet the certain requirements listed above, you’ll be able to increase your deposits every single time. And with the help of margin trading, even larger profits will come flying to your account balance – that’s, of course, if your trades are successful.

All in all, the octafx deposit bonus is a very good promotion and is certainly worth trying out!

Octafx review and tutorial 2021

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

Octafx offers leveraged trading on currencies.

Trade popular digital currencies at octafx.

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

Octafx details

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

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

Trading platforms

Metatrader 4

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

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

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

Octafx metatrader 4

Metatrader 5

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

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

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

Octafx metatrader 5

Metatrader webtrader

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

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

Ctrader

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

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

Octafx ctrader

Markets

Octafx offers some of the most popular products, including:

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

Indices – 10 CFD indices available such as US30 and NASDAQ

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

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

Trading fees

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

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

Leverage

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

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

Mobile apps

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

Octafx MT4 mobile app

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

Octafx mobile app

Payment methods

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

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

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

Demo account review

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

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

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

Regulation review

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

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

Additional features

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

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

Octafx economic calendar

Account types

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

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

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

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

Benefits

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

Metatrader and ctrader platforms

Bonuses and contests (non-EU)

Commission-free trading

EU regulation

Drawbacks

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

Not FCA regulated

Limited funding methods

Zero pip spreads unavailable

No copy trading on ios devices

Trading hours

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

Customer support

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

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

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

The broker’s head office addresses are:

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

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

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

Security

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

Octafx verdict

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

Accepted countries

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

Traders can not use octafx from united states.

Is octafx a legit company and regulated broker?

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

Is octafx a market maker?

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

How do I delete my octafx account?

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

How do I open a copytrading account at octafx?

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

Why was my octafx withdrawal rejected?

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

Does octafx offer any free bonus deals?

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