Octafx Review Overview

OctaFX was established in 2011 and they offers ECN trading, CFD trading, Cryptocurrencies, on the MetaTrader and cTrader suite of trading platforms for Windows Desktop.

Our mission We’re here to create a cost-effective trading experience where Forex traders, new and professional, can earn more with the same investment. We maintain high standards for secure trading environments, and offer the best and fairest trading conditions for every Forex trader. Every year we improve our conditions and standards in an ongoing effort to make trading with the #1 Forex broker OctaFX more cost-effective than anyone else In the market. We help Forex traders develop the knowledge and skills they need to trade efficiently and responsibly.

Octafx has +1,5M forex trading accounts opened, 288M trades executed, 28 forex industry awards received, 100 countries covered, find out more octafx review india
 
Educating and Empowering Forex Traders We’re investing in the Forex trader An educated trader is a more empowered Forex trader. In 2017, we launched a set of educational materials and Forex Academy videos. We’re helping traders build stronger futures by offering a wide variety of educational videos as well as Unlimited Demo training accounts. These include the opportunity to earn from $500-1000 on a weekly or monthly basis trading in a training mode with no deposits required, and learn basic trading skills for secure trading.
 
General Information
  • Leverage: 1:30 | 1:500

  • Regulation: CySEC

  • Min. Deposit: 100 EUR

  • HQ: SVG, Cyprus

  • Platforms: MT5, cTrader

  • Found in: 2011

OctaFX Licenses

  • Octa Markets Cyprus Ltd – authorized by CySEC (Cyprus) registration no. 372/18
  • Octa Markets Incorporated – authorized by the FSA (SVG)

Rating Summary

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Leverage octafx review india

The octafx broker provides the leverage from the size of 1:30 to 1:500 So before you depost in octafx make sure you understand how trading works. It is good to learn about leverage, how to use it and what is the best way for a particular instrument. Indeed, leverage in your trading size  play a important role in either potential gains or losses. lower the leverage better you trade.

Types of Accounts

MetaTrader4, MetaTrader5 and cTrader suite of trading platforms for Windows Desktop. Octfax has their own trading app which is suitable for beginners.

Trading Instruments

Currencie: (25+)

Cryptocurrencies: (3) Bitcoin, Litecoin, Ethereum

CFD: (10+) Gold, Silver, Stocks, Stock Indexes, Oil, Other Commodities

Deposits 

Octafx supports VISA, awepay, Bitcoin, FasaPay, Local Bank Deposits, Local Bank Transfers, Neteller, paytm, Skrill, UnionPay. The best part of using a regulator broker is that your money will always be safe.

Withdrawals

Octafx supports these methods for the withdrawls VISA, awepay, Bitcoin, FasaPay, Local Bank Transfers, Neteller, paytm, Skrill, UnionPay

Customer Service

OctaFX customer support provides its clients with 24-hour live support available through live chat, email and phone support in various languages.

Education

Octafx provides a lots of educational materials to its customers, you can make use of various resources that has been listed on the octafx official website.

Octafx Is this a scam or not ? octafx broker review

Most of the Reviews are authentic reviews. Octafx response team is doing a good job by answering the questions on octafx broker review.

White Paper Review

We analysed the issues and postive points on octafx review (octafx broker review).

From the investigation we found that octafx is regulated broker based on UK.

The major issue that customer points out that they will mention eye catching spreads but in reality that’s not really the case. During the opening sessions of the market the spreads go crazy.

Other than the spread issue we couldn’t find anything. Overall broker is good to trade with.

Octafx

4.2

Reliability

4.0/5

User Friendly

4.5/5

Features

4.5/5

Chat support

4.3/5

Instruments

3.7/5

Pros

  • Wide range of trading accounts (Micro, ECN, Pro, Sharia) for beginners and advanced traders
  • Can access Forex ECN with 1:500 leverage
  • Trade on MT4, MT5 and cTrader across Desktop, Web and Mobile
  • Access copy trading, bonus promotions and a wide range of research tools

Cons

  • Decision between CySEC regulated OctaFX.eu, or St.Vincent and the Grenadines registered OctaFX.com
  • Limited commodity markets, no individual Stock CFDs