Octa fx

The minimum initial deposit is only $100, more than twice as low as the standard $250,
Extremely low floating spreads,
Flexible leverage with maximum levels which vary according to the regulation in each country the broker operates,
Negative balance protection removes the risk of losses exceeding the initial deposit,
Low-risk trading in micro lots available on all account types.

Top forex bonus list

OctaFX Review; is OctaFX a good broker, octa fx.

Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

Octafx review – is octafx a good broker?

RECOMMENDED FOREX BROKERS

Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

Regulation & safety

The european brand of octafx operates via the website – octafx.Eu – and abides by the highest regulatory standards. It is owned by the cyprus-based company octa markets cyprus ltd which is regulated by the cyprus securities and exchange commission with a registration number HE359992.

Cysec is among the foremost financial regulators in the world and all brokerages licensed by it have to follow strict rules and are subjected to intensive regulatory oversight. This removes any unwanted risk in trading and guarantees that the client’s funds are safe and their interests protected by the respective laws. Such rules include the segregation of accounts which assures that commingling with the client’s money is not possible. Furthermore, a license by cysec entails participation in a financial mechanism by which clients may be compensated if they suffer losses due to fraud or bankruptcy. The compensation goes up to 20 000 euro per person.

Besides the european brand, octafx group also includes octa markets incorporated which operates via octafx.Com website and is registered in saint vincent and the grenadines. It offers a generous leverage up to 1:500, as well as the option of three account types and three different trading terminals.

Negative balance protection (NBP)

An immense advantage in trading with octafx is the fact that both companies of octafx group provide their clients with negative balance protection. This means that if your balance becomes negative due to stop out, the brokerage will compensate the amount and bring your account balance back to zero. We always recommend that readers invest only with brokers who provide NBP, so that there is assurance they many not lose more money that their initial deposit.

Trading conditions

The trading conditions offered by octafx are very attractive and much more favorable that the standard for the industry. Here are some of the highlights:

The minimum initial deposit is only $100, more than twice as low as the standard $250;

Extremely low floating spreads;

Flexible leverage with maximum levels which vary according to the regulation in each country the broker operates;

Negative balance protection removes the risk of losses exceeding the initial deposit;

Low-risk trading in micro lots available on all account types.

Readers have to keep in mind that trading conditions vary a bit according to the broker brand of octafx and the country where it operates. This is, again, a sign of octafx’s commitment to comply with regulatory standards.

Octafx.Eu trading accounts

Trading account	recommended deposit	max. Leverage*	spread (+ commission)	platform
conservative trader	€100	1:30	0.5 pips	MT5
progressive trader	€100	1:30	0.3 pips + $6 /lot	ctrader

Octafx.Com trading accounts

Account type	minimum deposit	minimum trade size	maximum leverage*	spreads
novice	$100	0.01	1:500	from 0.4 pip on EUR/USD
experienced	$500	0.01	1:200	from 0.2 pip on EUR/USD
progressive	$100	0.01	1:500	from 0 pip pips on EUR/USD

Trading platforms

Octa FX provides clients with two popular trading terminals that are sure to meet their expectations: metatrader 5 (MT5) and ctrader. The fact that the metatrader 5 trading platform is supported is something we always consider an advantage since the MT5 is among the foremost trading terminals in forex trading at the moment, close to 80 percent of users prefer it. The platform provides an advanced charting package, lots of technical indicators, extensive back-testing environment and a variety of expert advisors (eas).

On the other hand, the multi-asset trading terminal ctrader provides pure ECN execution and a wide selection of advanced tools. Among them are fast order entry and execution speeds, direct order entry via charts and level II pricing which all contribute to render the platform highly valued among the forex trading community.

Another advantage is virtual private server (VPS) which is offered to both new and existing clients for only $15 per month. VPS hosting allows the execution of orders 24 hours, 5 days a week.

The SVG-based company octa markets incorporated which operates via octafx.Com website, besides the MT5 and ctrader, also provides clients with the metatrader 4 so that clients of octafx may have a wider pick of their preferred trading platform, as well as a copytrading app which we always view favorably.

Promotions

By the time of writing this review, octafx provides clients with the following promotions:

Copytrading app which allows clients to automatically copy leading traders;

50 percent bonus on each deposit;

Free forex trading signals: autochartist which allows clients to follow automated alerts to open and close trades;

Status program; allows clients access to new benefits such as accelerated transfers, lower spreads, personal manager and many more at every new level

Keep in mind that trading bonus, copytrading app and other promotions may not be eligible for clients of octa markets cyprus ltd.

Methods of payment

Octafx supports the standard payment methods of forex, as well as a popular e-wallet. Clients of the brokerage may deposit or withdraw via visa, mastercard, bankwire, as well as skrill.

Furthermore, the brokerage does not charge any withdrawal or deposit fees which lower the cost of trading and only requires the formal 5 euro minim withdrawal amount for withdrawals via skrill.

Conclusion

Octafx is a reliable award-winning FX and cfds broker that offers pretty good trading conditions and has air-tight regulation. To sum up the above, here are the advantages and drawbacks with regards to this broker:

Pros cons

Solid regulation no significant disadvantages

Metatrader 4 free trading software

Download metatrader 4 for all device versions

Download metatrader 4 on your phone

Metatrader 4 web-platform

MT4 web platform allows you to trade from any browser on any operating system with a well-known interface of a desktop platform. All major tools are available including one click trading and chart trading.

Metatrader 4 desktop

Metatrader 4 is highly customisable. It includes charting tools, market indicators, scripts and eas, advanced risk management, real time market execution and more.

Metatrader 4 android

Enjoy a complete set of trade orders, trading history, interactive charts and the widest variety of supported devices - all that is metatrader 4 for android. Wherever you are and whatever you do, forex will always be with you!

Metatrader 4 ios

Widespread trading software is now available for your iphone/ipad. Login to your account and have the opportunity to trade on metatrader 4 from anywhere in the world via your ios device.

THE MOST POPULAR FOREX TRADING PLATFORM

Metatrader 4 (MT4) provides robust technology and high security to enable traders to choose forex or CFD positions without worrying about the stability of the platform. It offers instruments to follow price fluctuations, identify trend patterns through charts and graphs, and also deploy automated trading techniques to manage trades.

Why choose metatrader 4?

This electronic trading platform is used by new and experienced traders alike. It’s trusted by individual traders as well as large introducing brokers and trading companies. It offers excellent trading and analytical tools, and is flexible enough to implement simple as well as highly complex trading strategies. The platform supports trading in forex, cfds and cryptocurrencies.

At octafx, we provide our clients with the MT4 platform to enable them to carry out their trading activities efficiently and with complete peace of mind. We also offer educational material, as well as MT4 demo accounts, so they can practice risk-free trading.

Easier trading with metatrader 4

Flexibility: there are several choices of currency pairs to trade in, as well as cryptocurrencies and cfds.

User-friendly: MT4 has a user-friendly interface that is suitable for traders of all levels.

Customisation: develop your own expert advisors (eas) and technical indicators on metatrader 4, to match your trading needs and practices. Windows and charts can be arranged for each profile according to your preferences.

Efficiency: MT4 doesn’t slow down the performance of your PC or mobile, keeping disruption to a minimum.

Charting tools: advanced charting tools help analyze the technical aspects of the market.

Expert advisors: trading robots enable the automation of trades and access to the platform’s algorithmic trading benefits.

Language: the platform is available in multiple languages.

Learn how to start forex trading in 4 easy steps
learn how to start trading on MT4

Metatrader 4 offers enhanced security

The MT4 platform offers the highest security standards to protect traders’ funds. The client terminal and platform servers exchange data through encrypted servers, and the platform uses RSA digital signatures. Your IP address also remains protected.

Moreover, alongside metatrader 4 security, octafx provides it’s own measures taking fund security to the next level:

Segregated accounts: as per international regulatory standards, octafx keeps customers' funds separate from the company's balance sheets.

SSL-protected personal area: customers’ personal data and financial transactions are protected with 128-bit encryption, making browsing safe and client data inaccessible to any third party.

Account verification: octafx encourages customers to verify their account by submitting a personal ID scan and proof of address to ensure transactions are authorised and secured.

Secure withdrawal rules: withdrawals require email confirmation and customers are encouraged to use the same payment details for both deposits and withdrawals.

3D secure visa authorisation: 3D secure technology is used for processing credit and debit cards.

Advanced protection: octafx ensures the technical environment is monitored 24/7 by a dedicated team of security engineers and technical specialists.

Metatrader 4: OS and device compatibility

Metatrader 4 is available as a web platform that’s compatible with windows, linux and mac OS. MT4 can also be accessed from a smartphone or tablet, whether it has an ios or android operating system. Trade anytime and anywhere, and have access to trading information 24 hours a day, even while you’re traveling or on vacation. It is super-easy to download and install the terminal on any compatible device.

Metatrader 4: trade execution modes

An order is an instruction to perform a trade. There are three trade execution modes on the MT4 platform:

Execution by market: your order opens a position at the latest price, even if there’s a deviation from what is visible on the platform. This results in much faster execution of orders, as it doesn’t involve requotes. *
* supported by octafx

Instant execution: the system tries to execute your order using the current price on the platform. If the exchange rate changes while the order is being processed, a requote option becomes available, which the trader can accept or reject.

Execution on request: prices are requested before the order is placed. Once the exchange rates come in, order execution can be confirmed or rejected.

Metatrader 4: сharting tools for technical analysis

Metatrader 4 offers advanced charting capabilities to determine entry and exit points with technical analysis, which uses historical price and volume data to help make predictions. It’s also possible to send trading orders straight from the chart.

By default, MT4 opens with four charts, each representing a unique currency pair. On the left of the charts is the market watch window, with two tabs. The symbols tab shows a list of currency pairs with their bid and ask prices, while the tick charts tab shows the real-time price activity of chosen currency pairs. Below this is the navigator window, where traders can view their account(s), indicators and expert advisors.

The appearance of the charts can be customised. Each currency pair on the chart can be seen in nine different timeframes (including one minute, five minutes, one hour, daily, weekly, monthly). Graphical objects can be included in the charts, such as shapes (rectangle, triangle, ellipse), arrows and text.

Octafx

Predictions and analysis

This pattern has a 90% success rate. So dont miss the breakout. Trade when an upside breakout happens. This is a swing and intraday pick. Note: avoid the stock if a big gap up or gap down is seen enter after the breakout happens and not before it do not chase the market, i.E., do not get involved in late entries only enter with strict stop-loss and target .

The euro has started to firm test towards the 1.1100 level against the greenback as expected, following another round of weakness in the US dollar index. Buyers now need to rally the EURUSD pair above the 1.1110 resistance level to provoke a major technical breakout. Overall, buying any dips lower in the EURUSD pair appears to be the best option while the US.

The US dollar remains under downside pressure against the japanese yen, following the release of more weak data from the US economy. From a technical perspective, the USDJPY pair is extremely weak while trading below the 108.60 support level. Going forward, a break under the 108.20 level exposes the USDJPY pair to heavy technical selling towards the 107.50 level.

Ethereum is struggling to recover above the $150.00 resistance level, following last weeks sudden drop towards the $135.00 support zone. ETHUSD bulls need to rally the cryptocurrency above the $170.00 level to change the short-term bearish outlook. Ethereum continues to have a high correlation to bitcoin and could trade sideways until BTCUSD bulls return. • if.

The US dollar has fallen back under the 108.90 level against the japanese yen currency, making the pair technically bearish over the short-term. Continued weakness under this key area could provoke further losses towards the 108.20 level. The USDJPY pair could capitulate to technical selling if the 108.20 support level is broken. • the USDJPY pair is only.

The british pound has moved to a fresh six-week trading high against the US dollar, with the pair moving above the psychological 1.3000 level. Buyers need to hold price above the 1.3000 level to maintain the bullish medium-term range breakout. The GBPUSD pair could easily advance towards the 1.3100 level at this stage, with the 1.3200 level the ultimate upside.

Bitcoin is starting to push lower in early wednesday trade after the buyers failed to gain traction above the $7,300 level earlier this week. A bearish head and shoulders pattern remains valid on the lower time frames while price trades below the $7,800 level. Overall, traders may use any pullbacks in price as a chance to short the BTCUSD pair, with the $6,600.

The euro is rising against the US dollar, following comments from US president donald trump surrounding more interest rate cuts from the federal reserve and weak US data. The EURUSD pair needs to hold price above the 1.1045 level to encourage fresh technical buying interest. A daily price close above the 1.1075 resistance level should be considered bullish for the.

Litecoin has failed to receive buying interest above the $50.00 resistance level, placing the emphasis on further downside. With the broader cryptocurrency market remaining under pressure, traders should be aware that a quick drop towards the $36.00 level could occur. Overall, only a sustained move above the $57.00 resistance level can change the short-term.

The british pound is firming above the 1.2940 level against the US dollar as the greenback comes under a fresh round of selling pressure. A sustained break above the 1.2960 resistance level exposes a potential technical test of the psychological 1.3000 level. Once above the 1.3000 level, the GBPUSD pair could quickly trade higher, with the 1.3200 resistance level.

The euro is trading back above the 1.1000 level against the US dollar after the pair bounced fairly sharply from the 1.0980 level on friday. A daily price above the 1.1070 level is now needed to confirm that a major technical bottom is in place for the EURUSD. Looking at the downside potential, a daily price close under the 1.0990 level should encourage bears to.

Bitcoin is under slight downside pressure in early week trade after being technically rejected just before the $8,000 resistance level. The BTCUSD pair was rejected from the top of a large falling wedge pattern on the daily time frame, currently located around the $7,800 level. Going, buyers need to maintain daily price closes above the $7,300 level to encourage.

The british pound continues to firm above the 1.2900 level against the US dollar, following a bullish weekly and monthly price close. Technical analysis shows that GBPUSD buyers have the upper hand while price closes above the 1.2890 level on a daily basis. Risk-averse traders may await a move above the 1.3000 level in order to confirm a range break and a.

The euro has once again been rejected from the 1.1020 resistance level against the US dollar, as short-term buyers fail to take back control of the pair. A bullish double-bottom is still in place, although the EURUSD pair could break the november if weakness under the 1.1000 level persists. Going forward, a sustained breakout from the 1.0990 to 1.1020 trading.

The US dollar continues to target towards 110.00 level against the japanese yen as the greenback remains well-supported across the board. The recent high around the 109.60 level provided a signal that the USDJPY intends to push higher over the shor-term. The 110.90 level could be the overall upside objective for medium-term bulls if the 110.00 resistance level is.

Litecoin remains vulnerable to further downside on the cryptocurrency market as buyers struggle to reclaim the $50.00 resistance level. The LTCUSD pair still has the potential to fall towards the $36.00 level before medium-term buyers start to move. A sustained rally above the $50.00 level could see the LTCUSD pair testing back towards the technically important.

The british pound has staged a strong rebound from the 1.2830 level against the US dollar after selles failed to break under the current weekly trading low. Going forward, a series of bullish price close is needed above the 1.2900 level is needed to encourage medium-term buying. A new high above the important 1.2960 level would also be extremely bullish for the.

Bitcoin has staged a strong bounce back from its recent dip under the $7,000 level, with bulls performing a solid breakout above the $7,400 level. Short-term technical analysis shows that a recovery above the $7,400 level could lead to a rally back towards the $8,000 level. Only a sustained decline below the recent swing-low, at $6,850 can negate the possibility.

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 reviews

416 • excellent

Write a review

Reviews 416

It's good and real trade thanks octafx…

It's good and real trade thanks octafx but plzz don't cheat me and don't loss me thank you. I love octafx if it's profit me.

Thank you for your honest review and a generous five-star rating.

We want all traders to remember while everyone in investing wants to profit, losses are also possible, as they're as native to the market as gains. That's why trader performance and risk management are so important. We can assure you that we'll do our best to keep providing you with the right tools to take full advantage of the forex market.

And if there's anything we can help you with, like risk management educational materials, or other please, let us know. We'd be more than happy to hear from you.

Honestly ..

Honestly . Your spread is killing traders, your customer support does not reply request. Although I like your platform settings. But with your kind of spread I don't think any beginner trader can succeed. I wish u guys all d best.

Dear omotayo michael ajayi,

We're sorry to read that you're dissatisfied with our spreads, and thank you for your honest input.

We offer one of the tightest spreads on the market, so we'd be more than happy to understand where we could improve. As user feedback helps us understand how we can better our services for all traders, we'd like to welcome you to get in touch with us.

Kind regards,
octafx rep.

Very easy software

Thank you so much for your five-star rating and short yet delightful review. We hope you'll continue to enjoy trading with octafx and if there's anything we can do for you please, do not hesitate to get in touch with us.

Deposit and payment process is very…

Deposit and payment process is very slow. My deposit not show in my account
A/c 12191873
mob 9693870926
name chandan kumar

We're very sorry to read about your dissatisfaction with our deposits. We noted that you've had an issue with one of our payment methods, and we're working towards resolving the issue as soon as possible. While we do so we'd like to remind you that you can use other instant deposit methods as well as local banks.

Should you have any questions, please do not hesitate to contact us anytime. We'll be happy to help.

Very good broker I have seen many but…

Very good broker I have seen many but octafx is too good in all process deposit withdraw and even support looking for long term business with octafx

Thank you for your kind and insightful feedback. We hope you'll continue enjoying our services and if there's anything we can do for you please, do not hesitate to get in touch with us. We're always here for our traders.

Kind regards,
octafx rep.

I am happy with the service of octa

I am happy with the service of octa. The only thing I will say is that, the app should be worked upon, to reduce buffering and displaying the error when you want to close either trade or login

Dear martin adimoramma okwuegbu,

Thank you for taking the time to share your input with us. We genuinely value our users' feedback, and we'll make sure to forward yours to our team, as it'll certainly help us improve our services. We hope you'll continue being happy with octafx, and if there's anything we can do for you please, don't hesitate to get in touch with us.

Kind regards,
octafx rep.

Honestly I think this app is not honest

We're extremely sorry to read that's how you feel about our app. We looked into your account and it appears that you've experienced losses due to bonus cancellation. Please note that bonuses can be cancelled and it's vital to make sure that you familiarise yourself with the promotion rules beforehand. We'd love to explain them to you if you'd like to get in touch with us.

Hopefully, we can make your experience with octafx a better one.

You are very good with low spread and…

You are very good with low spread and speedy deposit and withdraw but I would like it if more indices are added

Dear olawale oluwaseun rachael,

Thank you for sharing your input. Traders' feedback helps us continuously improve our services, and we're thankful for all the insights you've shared in your review.

We wish you could have given us more stars, but we understand that indices must be important to you as a trader, so we'll make sure to forward your feedback to the relevant department.

If there's anything you'd like to add with regards to your review, or anything we can do for you please, do not hesitate to contact us anytime.

Fast for deposit and withdraw but…

Fast for deposit and withdraw but spread some time very high, poor for profit

Thank you for sharing your honest feedback with us. While we offer one of the tightest spreads on the market, it's vital for us to understand our traders' needs and we'd be more than happy to hear from you regarding our spreads, to know what you're referring to and see what can be improved.

Once again thank you for taking the time to leave your review and we hope to hear from you soon!

Good luck

Thank you taking the time to share your valuable feedback with us. We're the best, because our traders make us the best. We hope you'll continue to enjoy trading with us.

If we can do anything for you please, do not hesitate to contact us anytime.

Fraudsters.

Dear mbanandi muyangana,

We're sorry that's how you feel about our services. Our clients must understand promotion rules before claiming deposit bonuses, as they can be cancelled. As a result of your bonus cancellation, your account margin level fell below 15% and consequently, you've experienced a stop out.

Keep in mind that the purpose of our deposit bonuses is to help traders open trades of a bigger volume, and once volume requirements are completed to withdraw that bonus. You cannot trade using bonus funds solely, as they won't help you avoid a margin call.

Should you have any questions please, do not hesitate to contact us.

I wrongly put personal info

I wrongly put personal info. Now i have problem upon my verification. Im 1st timer. Never know that i should verified before deposit. The ads say simply, register n depsit n trade. Simple as that. Now when im in problem, all i get are reply from bot. If there could be anyone i could contact to settle my problem. It would b great. Until i get to trade or refund my money. I would say this platform is scam.

We're very sorry to read about your experience. You can correct your information by contacting our customer support team, who will also be able to assist you with your account verification.
While we understand the inconvenience, please remember that verification allows us to keep our traders' account secure, so we'll do our best to help you with it.

We hope that once everything is resolved you'll get to enjoy trading with us to the fullest.

You can reach out to our team via live chat here: www.Octafx.Com/contact-us/

Stay away, trying to scam you in to deposit

Accidentally made a deposit in to the account which they directed me to upon registration, and they refused to move the bonus over to the intended account, even though I'd done no trading and the offer was available on both account types. Following that, they then blocked my account because they said they don't serve my country, even though they knew what country I was in from the moment I registered. How can you let somebody deposit if they aren't even in a country you serve. Bad customer service and scam.

We've attempted to contact you here on trustpilot to obtain your trading account details, which would help us identify your trading account and understand what happened.

Since we didn't hear back from you, allow us to address some of the concerns you've listed within your review generically.

Firstly, bonuses cannot be transferred between accounts.

Secondly, if you connected from a location where octafx offers its services, but upon verification, it turned out that for example, you're a national from a country to which we do not provide our services to, we reserve the right to block your account. Yet again, since we haven't heard from you, we cannot be sure that this was, in fact, the case.

Lastly, we're sure that if you made a deposit and your account was blocked, the said transaction was refunded back to you.

If you'd be so kind as to respond to us, we'd be happy to look into your complaint and provide you with definite answers.

Cryptocurrency news at octafx: trading upgrades and new entries (BCH & XRP)

Right on time, if you consider the current cryptocurrency bull market and bitcoin itself, reaching an all-time high of $24,209 on 20 december 2020. Many altcoins have already had decisive price runs, whereas the blockchain community expects other altcoins to have theirs very soon.

After the american cryptocurrency ripple just had an impressive run, octafx deemed it the right time to add this crypto asset to its trading pool. Just to remind anyone who missed last month’s news: ripple jumped from the beginning of november to 25 november 2020, from $0.239 to $0.692: an increase of almost 300% in the course of merely twenty days.

The second entry is bitcoin cash. Brought to life in 2017 by a hard fork from the original bitcoin, it managed to assert its own position on the market. In the course of the last three years, it was trading in price ranges down from $75 and up to $4,355.

Both ripple, as well as bitcoin cash, will be available to trade on octafx via the platforms metatrader 4 and metatrader 5.

Another significant upgrade concerns the cryptocurrencies already in use at octafx, like bitcoin (BTC), litecoin (LTC) and ethereum (ETH): where there was leverage to trade them at the ratio of 1:2, soon the forex broker will introduce leverage of up to 1:10. A meaningful incentive to trade more actively with these new assets.

Octafx is a forex broker providing online trading services worldwide since 2011. It offers a state-of-the-art trading experience to more than 3.5 million traders. Octafx has won more than 30 awards since its foundation, including the best ECN broker 2020 award from world finance.

Octafx review

Octafx is a new forex broker. I noticed it in the year 2013. When I saw a high alexa ranking, less than 40 000, for this broker. Octafx company is based in saint vincent and the grenadines. The main platform is metatrader 4 with all additions for android, windows, and other cell phones.

What I like here :
1) mt4 platform
2) great support and chat
3) this broker offers multiple deposit withdrawal options such as skrill, neteller, bank wire, fast pay, credit cards, etc. You can deposit even $5 at micro-accounts. There are no high limits for deposit and withdrawal.
4) excellent user area – personal area section. Here you can easily make requests, track whole your accounts, rebates, etc.

Octafx promotion – win a free car
octafx “win a free car” promotion is a special promotion at the end of 2020. All real account traders that own micro account can win in this competition. The trader with biggest gain, win the prize.

See personal area octafx for payment – excellent design:

Trusting a new broker with your deposit always brings a lot of questions, especially if you are new to this sort of business. Therefore, we should find all the sources about the broker that we want to trust with our money.
Global banking and finance review has awarded octafx broker that was the fastest-growing 2012, with the fastest growing micro forex broker award in 2012.
Micro forex broker is dealing with micro-accounts. The popularity of micro accounts among investors is there due to the allowance of small amounts of stock to be sold and bought in one package, as the size of the lot is up to a thousand units. In comparison with mini accounts, which have ten thousand units, this really is micro. Standard accounts count up to a hundred thousand units.
The official octafx website offers lots of optimism. Should you skip thorough reading and analyzing, you could miss seeing some “bugs” that are to be found there. Octafx tries to focus on novice forex traders and they offer interesting options to that group.
Well, especially newcomers are to be careful, always, with everything.

The first thing that points out as “suspicious” is that the minimum deposit they offer is of 5USD, which is not realistic. Regardless is it micro, or mini-micro account, it is too low to be possibly dealt with. When it’s the standard account, in order to develop a strategy with regular risk conducting procedures, the minimum deposit should wary around 1000 USD. Compared to that, in the micro account, that should be compared to 10USD of a deposit.
Because of that, octafx gives a bonus account of 8USD for novice users to get started. You can withdraw your profits upon closing 2 lots.

It is not visible on their website if they had any re-quotes besides their claim that they don’t. But there is nothing to really support that claim they displayed to readers on their webpage.
Their micro account had only 12 currencies to offer, and their next account was some ECN account that had the minimum deposit of 50USD. The platform they operate with is metatrader 4, which is not necessarily bad if conducted right, but since there was no ECN bridge it was very confusing and definitely not satisfactory to potential clients. Especially to those who are careful enough to thoroughly exam everything before depositing their money to this broker.
At least, they should have open information, displayed for newcomers to see about their services.

Whatever the reason for hiding certain information and the lack of transparency is, they should offer more insight for potential clients. This is the way that possibly closes the door to people whose money you want to be deposited on your accounts.

Whoever only works with newcomers, one of the reasons might be that the novice traders might not be informed about the business enough and possibly could be false guided to waste money and to “invest” wrongly. Therefore, whoever is not transparent about their services should not be trusted. And please, if you are new to online trading, research well before you invest. Even if it’s 5 USD, with which you cannot gain anything anyway, even if you trade well with it.

Trade with a regulated broker that adheres to placing clients' asset protection at the forefront.

Octa markets cyprus ltd offers spot forex and contracts for differences (cfds) on assets including equity indices, spot metals and commodities. Octa markets cyprus ltd offers easy-to-use platforms such as metatrader 5 and ctrader.

Octa markets cyprus ltd is authorised and regulated by the cyprus securities and exchange commission (cysec) with license №372/18. Octa markets cyprus ltd complies with european securities and market authority's (ESMA) regulatory standards as well as with market in financial instruments directive (mifid II)

Explore our platforms

Trading platforms are designed to enhance your trading experience. Access your trading account via mobile and desktop platforms.

Metatrader 5 and ctrader trading platforms are carefully designed to meet your trading needs.

Mobile and desktop trading on demo accounts

Trade markets with unlimited virtual funds. Test our trading platforms and your trading strategies with no risk involved by opening a demo account.

Octa markets cyprus ltd security

Negative balance protection

Octa markets cyprus ltd notice

As an EU member state resident you are currently viewing the website www.Octafx.Eu operated by octa markets cyprus ltd with registration number HE359992. Octa markets cyprus ltd is authorized and regulated by the cyprus securities and exchange commission (cysec) with license number 372/18. The registered office of octa markets cyprus ltd is in the republic of cyprus. The account(s) you may open on this website will be opened with octa markets cyprus ltd.

The website is the property of octa markets cyprus ltd.

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 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.

So, let's see, what we have: octafx review – is octafx a good broker? RECOMMENDED FOREX BROKERS don’t put all your eggs in one basket. Open trading accounts with at least two brokers. Company information octafx at octa fx