OctaFX Review

OctaFX is recognised globally for offering the lowest spreads in the industry and prides itself on its award-winning trading conditions. OctaFX is an excellent provider of CFD and Forex trading to clients in over 100 countries.

 

5 reasons to trade with OctaFX:

 

     1. Clients love OctaFX for its convenience and reliability
     2. Start trading with minimum $5 deposit
     3. Boost your profitability and get a free 50% bonus with every deposit
     4. Trade at the prices you see with immediate execution
     5. Pay no commission on deposits and withdrawals

 

Regulation

 

After a careful analysis we can say that OctaFX is a trustworthy broker that is properly regulated by the major authorities.This includes a license of the British Financial Conduct Authority (FCA). Octa was also registered in 2011 in Saint Vincent and the Grenadines under license number 19776 IBC 2011. So they act in full compliance with international legislation and regulation standards.

 

OctaFX Copytrading:

 

OctaFX Copytrading offers an opportunity to automatically copy leading traders and forget about long hours of building your own trading strategy. Choose from the best Masters of Forex and diversify your trading portfolio.

 

How it works:

 

  • Surf through the ratings of our Master Traders and select the best ones for you.
  • Invest money, choose your desired income rate, estimate tolerable risks, and that's it—sit back and watch your balance grow.

 

A brief summary of what you'll get with OctaFX Copytrading:

 

  • - Huge return rate: more than 20% monthly gain
  • - No advanced knowledge required - the best traders work for you
  • - No restrictions on the minimum deposit - you can start earning with even 5 USD
  • - No complicated software or downloads required - on tuning is done on the website or through Mobile App

Trading platforms:

 

MetaTrader4

  • Simplistic easy to navigate interface
  • Built-in market for Expert Advisors and Custom Indicators
  • Interactive customisable charts
  • Reliable Virtual Private Server service

 

MetaTrader5

  • Stop Limit orders
  • Built-in economic calendar
  • Advanced one-click trading tools
  • Highly customisable interface
  • Integrated development environment for EAs

 

cTrader

  • Level II quotes
  • Server trailing stop
  • Cloud service to keep all accounts and templates in one place
  • One-click-trading and advanced chart trading
  • FIX API

OctaFX Commissions & Spreads

 

OctaFX offers ultra tight spreads. The quotes at OctaFX are quoted at up to 5 decimal places and start from as low as zero pips for their ECN accounts. There are no commission charges applicable for trades with OctaFX.

 

Instrument Spreads (in pips)

 

  • EUR/USD Minimum 0.4 pips
  • GBP/USD Minimum 0.5 pips
  • AUD/USD Minimum 0.6 pips
  • USD/CHF Minimum 0.4 pips
  • EUR/JPY Minimum 0.6 pips
  • GBP/JPY Minimum 0.7 pips
  • NZD/USD Minimum 0.6 pips

 

Deposit and withdrawal options:


  • Credit/Debit cards
  • Bank wire transfer
  • Neteller
  • Skrill
  • Local payment methods in Indonesia, Malaysia, Bangladesh, Pakistan, India, Thailand, Vietnam

OctaFX Bonus & Promotions

 

To reward their clients’ loyalty, OctaFX offers very generous bonuses and promotional programmes.

  • Deposit Bonus

Both MetaTrader based accounts and the cTrader accounts qualify for fully withdrawable deposit bonuses in the percentage of 10%, 30% and 50%


Conclusion

 

After a careful review of OctaFX services and operations, we can say that we’re impressed with what OctaFX has to offer their traders. They really care about their clients and their customer support team is proven to be the most helpful and professional in the industry. In addition, their bonuses and competition offers are worth mentioning as well. They offer exhaustive Education section and free demo account with exactly the same conditions and execution speed as the real one. It comes in handy for beginners or those who want to test-drive OctaFX services without risking personal funds. What’s more by joining one of their entertaining Demo contests, you can win a real cash prize!

 

All in all everything seems to be quite transparent so we would totally recommend giving OctaFX a try.

 

OctaFX trading information

 

Minimum position size 0.01
Pip spread on majors 0.3-0.7
Spread Type floating
Maximum Leverage 500
ECN, $ 50
STP, $  
Standard account, $ 50
Micro account, $ 5
Popular payment methods Credit Cards, Wire Transfer, Skrill, FasaPay, Neteller, Local banks
Account currencies EUR, USD
Available assets Gold, Silver, Crypto, Indices
Languages English, Indonesian, Chinese, Portuguese, Spanish, Bahasa Malaysia, Hindi, Bengali, Urdu, Vietnamese, German
Platforms Metatrader 4/5, MT4/5 Mobile for Android/iPhone, cTrader, cTrader WEB, cAlgo
Broker type Broker
Regulation FCA UK
Foundation 2011