Octafx malaysia

Discussions were dedicated to our mutual plans for the future, as well as the hard work our partners have done.

Top forex bonus list

Indonesia, Malaysia and OctaFX, octafx malaysia.

The most interesting topics were: since we have been working with those countries for about 8 years, this trip was filled with meetings with our old friends, as well as new faces who wished to start a productive partnership with us, and we couldn’t be more grateful for such a warm welcome.

Indonesia, malaysia and octafx

We love our partners, and they love us in return. That’s why our visit to indonesia and malaysia was so anticipated.

Since we have been working with those countries for about 8 years, this trip was filled with meetings with our old friends, as well as new faces who wished to start a productive partnership with us, and we couldn’t be more grateful for such a warm welcome.

We have spent 1 week in indonesia and were able to travel all around java. Besides impressive mountain landscapes, ancient temples and breathtaking views of business centres, the cities we visited greeted us with enthusiasm and willingness to share our common love for forex trading.

Discussions were dedicated to our mutual plans for the future, as well as the hard work our partners have done. The most interesting topics were:

Prospects of opening offline education for our clients

Development of copytrading

Courses available for our clients to help them become professional traders and simply learn more about the things they really enjoy.

During our visit, there was an inspiring seminar organised by our partners octafx explorer. More than 200 people gathered to share their experience and knowledge, encourage new traders and see the impressive results of those experienced in trading, uniting traders from our big community all around indonesia.

Malaysia welcomed us with even more enthusiasm. We were glad to meet our old friends and enhance relations with those who want to join our team. Our malaysian partners are numerous, but we are always glad to see new faces and establish new connections. Our goal is to provide you with the possibility to fulfil your desire to make a living out of forex, bring clients and improve your business.

The most memorable event was the discussion of swaps and commissions cancellation. This amazing news became the result of those meetings with our partners, and we are grateful for their feedback that helped us reach this mutually beneficial conclusion.

Not only was our trip dedicated to business questions, but also gave us the possibility to participate in a charity event. Our partnership with our dear friends from bali sports foundation lasts for a long time, and as the result of ramadan charity collection, we donated $6,000 to support their goals.

We would like to thank everyone who greeted us on this memorable trip, we hope to come back soon to make our partnership even better!

Octafx malaysia

ANI
29 dec 2020, 21:37 GMT+10

New delhi [india], december 29 (ANI/newsvoir): octafx, a forex broker that provides online trading services worldwide has come up with an exclusive list of top events that affected the market in 2020.

Rising of coronavirus casesinvestors were watching the spread of the then-unknown disease in china closely earlier this year. How a leading east asian country is handling this problem was of crucial importance. It turned out later that the newly titled coronavirus would not only affect china but soon the entire world. The rising numbers of people in the united states and europe being infected with and dying from this horrific virus led investors to panic, which impacted the currency, stock, and commodities markets.

OPEC and OPEC agree on the largest output cut in historyone of the first assets that experienced the impact of the pandemic was crude oil. On 8 january 2020, the price of 'black gold' already fell from the level of 70.75 dollars per barrel of brent down to 64.38 dollars per barrel, which is almost 9% in a single day. However, the most severe collapse in the entire history of the oil market occurred transitioning from march to april.

Approval of a stimulus package for the U.S. Economyafter the oil, the stock market followed suit spiralling down soon after. Hence, in the period from 20 february to 23 march this year, one of the most popular stock indices in the world, the SPX500, fell to the level of 2,172 USD. This amounts to an almost 36.5% decrease. As a reminder, SPX500 includes 505 selected public companies traded on american stock exchanges with the largest capitalisation.

Gold reaches all-time highsthe gold market struggled immensely at the beginning of the year. Although, since the second half of march, the precious metal has shown steady growth, starting from the level of 1,450 to 2,080 dollars per ounce by the beginning of august, which amounts to almost 43% in gains.

Second coronavirus wave enters the stageat the end of august, disturbing reports flooded the headlines with an ongoing epidemic that followed what seemed to be a calm summer. The total daily increase of infected people in september throughout october exceeded the peak in may by two or three times. In november, several european countries, such as the united kingdom, france, germany, italy, and greece, again announced regional lockdowns and began applying strict sanitary measures.

All this significantly affected bitcoin, which has risen from the levels of 9,700-10,500 USD to a historic record high of 19,920 USD since the beginning of september, before going even further in december by reaching 24,000 USD.

Coronavirus vaccine discoveryin august, mass media reported that authorities in russia registered the first coronavirus vaccine. Positive news like this led to a sharp decline in the prices of gold, which previously reached the earlier mentioned unheard-of high of 2,080 dollars per ounce. This would make sense since gold is usually purchased when critical situations occur in the world, such as an uncontrolled pandemic, large-scale war, or political uncertainty.

In merely two days, from 11 august to 12 august, the yellow metal lost almost 8.3% in value, sinking its price to 1,862 dollars per ounce. Subsequently, in november, the three largest companies in pfizer (together with biontech), moderna and astrazeneca announced the successful final phases of testing their coronavirus vaccines.

United states presidential electionthe 2020 U.S. Presidential election, held on 3 november, is recognised as the most controversial in history. As usual, two candidates emerged in the final race. Donald trump again represented the U.S. Republican party in hopes for a second term in office. His democratic counterpart, former vice president and U.S. Senator joe biden, was challenging trump's re-election.

The OPEC / OPEC december agreementthe approval of new parameters within the OPEC / OPEC deal was a significant reason for optimism in the oil market in early december. According to the previous agreement, which the member countries accepted amidst the price collapses taking place almost a year ago, they expected the quota for their oil production to increase by almost 2 million barrels per day from 1 january 2021.

The brexit trade dealthe E.U. And the U.K. Have pledged to sign a deal on trade and security that will finalise the U.K. Leaving the european union by 31 december 2020. According to a study by the german economic institute IFO, the U.K. Will suffer more financial losses as a result of brexit than the E.U. Currently, both sides are focused on an agreement to develop a mechanism to ensure that neither side can distort trade by undermining european standards. Up to that point, negotiations on the post-brexit trade deal between london and brussels have been stalling for several months.

2020 has become a great challenge for millions of people on the planet. However, from the trader's point of view, the crisis gives great opportunities for making money, too.

In hindsight, the value of almost all FOREX trading instruments has fallen significantly over this year. Most currency pairs and commodities have updated their historic lows and are still experiencing high volatility, which, with the right approach, can be exploited to make a profit. From the viewpoint of fundamental and technical analysis, the upcoming 2021 will be the year of recovery for the global economy. In turn, traders will have numerous opportunities to make lots of profitable orders.

This story is provided by newsvoir. ANI will not be responsible in any way for the content of this article. (ANI/newsvoir)

Octafx

Octafx review

Author bio.

Stéphane has worked in financial services since 2005, within capital markets and investment banking. He graduated from the london school of economics and HEC paris.

Updated on: 14 december, 2020

Awards

Best CFD broker asia pacific, 2020 - CFI.Co

Best ECN broker, 2020 - world finance

Best forex broker asia 2020 - world finance

Pros

Trade on metatrader 4, metatrader 5 or ctrader.

No fees on deposits or withdrawals.

Negative balance protection.

Copy trading platform.

Cons

You cannot buy shares or cryptocurrency (only cfds).

No cfds on commodities, stocks or etfs.

Account base currencies: USD, EUR.

Octafx accounts (2)

Micro account

Trade forex, crypto-currencies, indices and precious metals on fixed or floating spreads. This account, designed for novice traders, supports metatrader 4.

$ 100 minimum deposit

1:500 leverage (EUR/USD) ?

1.1 pips (EUR/USD)

$ 0 commission / lot

More ▼

No dealing desk (NDD), STP, market execution

Fixed and variable spreads

25% margin call (%)

15% stop out level (%)

Hedging, scalping, algorithmic trading

Swap-free account

Less ▲

Open account ▷

Pro account

Trade forex, crypto-currencies, indices, precious metals and energies on tight floating spreads. This account, designed for experienced traders, supports metatrader 5.

$ 500 minimum deposit

1:200 leverage (EUR/USD) ?

0.5 pips (EUR/USD)

$ 0 commission / lot

More ▼

No dealing desk (NDD), STP, market execution

Variable spreads

45% margin call (%)

30% stop out level (%)

Hedging, scalping, algorithmic trading

Swap-free account

Less ▲

Open account ▷

Octafx markets

Trade cfds on currency pairs or diversify across stocks, indices, precious metals and energies:

Forex: trade cfds on the price of 28 currency pairs, which include the majors and well as crosses between the AUD, EUR, GBP, USD and JPY. Trade on metatrader 4, metatrader 5 or ctrader with leverage up to 1:500.

Crypto-currency: trade cfds on the price of 3 crypto-currencies against the US dollar, namely bitcoin, ethereum and litecoin. Trade on metatrader 4 or metatrader 5 with leverage up to 1:2.

Indices: trade cfds on up to 10 stock indices, namely the dow jones 30, the NASDAQ 100, the DAX 30 and ASX SPI 200 index. Trade on metatrader 4 or metatrader 5 with leverage up to 1:50.

Commodities: trade cfds on the spot price of gold and silver against the US dollar on metatrader 4 or ctrader. In addition, trade cfds on the WTI and brent crude with metrader 5.

Asset classes

Forex (CFD)

Cryptos (CFD)

Indices (CFD)

Metals (CFD)

Energy (CFD)

Asset classes (#)

Forex (CFD) 28

Cryptos (CFD) 3

Indices (CFD) 10

Metals (CFD) 2

Energy (CFD) 2

Octafx trading platforms

Octafx.Com supports the world's three most popular trading platforms: metatrader 4, metatrader 5 and ctrader. Metatrader 5 offers the widest selection of instruments: 28 currency pairs + 4 metals + 2 energies + 10 indices + 3 crypto-currencies. In comparison ctrader offers the most restrictive choice: 28 currency pairs + gold and silver.

When you create an account with octafx, you can choose to open a live or demo account on any of its platforms. You may also trade from several accounts simultaneously if you chose to.

All platforms are available either through a web-based interface, as a download to your desktop computer or as an app for your android or ios devices.

Octafx offers three trading accounts, each associated with a different platform:

Micro account with metatrader 4: trade with small positions on fixed or floating spreads. This account is designed for novice traders.

Pro account with metatrader 5: trade on tigher floating spreads without commission. This account is designed for experienced traders.

ECN account with ctrader: trade on spreads plus commission. Access level II market depth information, namely the number of lots available across different price points. This account will appeal if you are looking to implement scalping or news trading strategies.

Octafx supports all trading styles without restrictions, including trading bots known as expert advisors on metatrader, and cbots on ctrader. In addition, all accounts enjoy negative balance protection: octafx will reset your balance to zero if it becomes negative after an unsuccessful order.

All accounts are available in islamic format for clients of muslim faith. Pay no interest on positions held overnight. Instead, octafx applies a fixed fee that is not interest and depends on the direction of your position.

Indonesia, malaysia and octafx

We love our partners, and they love us in return. That’s why our visit to indonesia and malaysia was so anticipated.

Discussions were dedicated to our mutual plans for the future, as well as the hard work our partners have done. The most interesting topics were:

Prospects of opening offline education for our clients

Development of copytrading

Courses available for our clients to help them become professional traders and simply learn more about the things they really enjoy.

We would like to thank everyone who greeted us on this memorable trip, we hope to come back soon to make our partnership even better!

Octafx malaysia - octafx forex broker review

Octafx, a multi-award-winning forex broker founded in 2011, is licensed by cysec (cyprus) and registered by IBC (SVG).

As an experienced STP broker with over 1.5 million trading accounts opened from 100 countries all around the world, octafx serves its clients with tighter spreads (as low as 0 pips) and faster order execution with no slippage, no delays, and no re-quotes. Octafx offers easy and convenient forex trading for all types of traders with the minimum deposit of $5, fixed/floating spreads with no commission, and leverage up to 1:500. Octafx also uses the most popular trading platforms in the currency market namely metatrader 4, metatrader 5, and ctrader.

At octafx malaysia, clients can benefit from various deposit and withdrawal methods (visa, neteller, skrill, bitcoin, and local malaysian banks) and a wide range of tradable markets (forex, metals, energies, indices, and cryptocurrencies).

Octafx allows its traders to use all types of strategies. Novice traders may enjoy the benefits of octafx MICRO account on metatrader 4 with the help of various educational tools and tutorials, experienced traders may choose the PRO account on metatrader 5, and expert traders are welcome to use the ECN account on the ctrader platform.

Octafx provides optimal customer care through its comprehensive FAQ on the companyвђ™s multilingual website, along with a live customer support available 24 hours from monday to friday via phone call, live chat, social media platforms (facebook, twitter, and instagram), as well as social chatting applications such as whatsapp and telegram in 12 languages, including english, indonesian, chinese, spanish, and dutch, to make sure its clients will have a satisfactory trading experience. Moreover, as a newcomer or experienced trader, you can participate in octafx monthly trading contests on both demo and real accounts or benefit from welcome bonuses that are offered by the broker.

Octafx malaysia

Licenses

Overview

Octa markets cyprus ltd.

Country/area of registry:

Cyprus

Customer service email address:

Customer service phone number:

Wikifx APP!

Global forex broker regulatory inquiry APP!

Scam scam investors

I lost my funds. The broker can manipulate their market.

Unable to withdraw I lost my money in OCTAFX. They asked me to pay more money to withdraw my account balance.

I lost my money in OCTAFX. They asked me to pay more money to withdraw my account balance.

Cyprus securities and exchange commission (CYSEC)

The cyprus securities and exchange commission (cysec) was established in accordance with section 5 of the securities and exchange commission (establishment and responsibilities) law of 2001 as a public legal entity. It is an independent public supervisory authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in the republic of cyprus and the collective investment and asset management sector. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the cyprus bar association.

Market making(MM)

Regulated in country/area

Cyprus

Octa markets cyprus ltd

Email address of licensed institution :

Website of licensed institution :

Address of licensed institution :

Strovolou 47, KYROS TOWER, 5th floor, nicosia 2018

Phone number of licensed institution :

Licensed institution certified documents :

Most visited countries/areas

The data are from

WIKI research 2021.01.13 updated

This broker's score is relatively low.

Please choose wisely! Please avoid unnecessary loss

OCTAFX · choose VR

Wikifx only provides the legal URL of the platform published by the regulatory website.

Wikifx will not disclose your personal information to third parties.

In order to prevent users from being spoofed by phishing websites, fake urls or domain name hijackings, wikifx doesn't provide the content though this app.

The use of any service by the client through the official website access channel provided by wikifx is a personal behavior. Please ensure that you've undergone sufficient preparation and risk management before use.

Octafx review

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

Broker details

deposit methods:

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

withdrawal methods:

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

Live discussion

Join live discussion of octafx.Com on our forum

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

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

Video

Your company video here? Contact ad sales

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

Traders reviews

Length of use: 0-3 months

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

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

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

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

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

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

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

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

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

Length of use: 3-6 months

Deposit take less than 1sec
withdrawal take forever.

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

Length of use: 0-3 months

Bank negara malaysia

Length of use: over 1 year

Length of use: 6-12 months

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

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

Length of use: 0-3 months

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

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

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

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

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

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

Kind regards,
octafx rep.

Length of use: 0-3 months

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

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

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

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

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

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

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

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

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

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

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

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

Octafx malaysia

The wikifx score of this broker is reduced because of too many complaints! The wikifx score of this broker is reduced because of too many complaints! The wikifx score of this broker is reduced because of too many complaints!

Licenses

Overview

Country/area of registry:

United states

Customer service email address:

Customer service phone number:

Wikifx APP!

Global forex broker regulatory inquiry APP!

Warning: this platform is a ponzi scheme. Please stay away!

Previous detection: 2021.01.13 risk: 4 item

This broker bas been verified to be illegal and all of its licences have been expired, and it has been listed in wikifx's scam brokers list; please be aware of the risk!

The platform is a ponzi scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

The number of the complaints received by wikifx have reached 15 for this broker in the past 3 months, please be aware of the risk and the potential scam!

The cypruscysec regulatory (license number: 372/18) claimed by this broker is a suspicious clone, please be aware of the risk!

External chain proportion

Unable to withdraw I wasn't able to withdraw my money back and they told me that it's the best broker

I wasn't able to withdraw my money back and they told me that it's the best broker

Others fake stop lose

31 august 2020 open sell with stop lose 1.09680 (picture no 1 history open) 1 september 2020 in morning i got stop lose (picture no 2 grafik candle bearish and never touched 1.09680 note : already check other platform (tradingview.Com, FBS, icmarkets, oanda, etc) at 1 september 2020 never touch 1.09680

Unable to withdraw octafx would not want to withdrew the profit and it did not send me the message that money was successful sent to my bank account

Octafx must withdraw the profit I made and must immediately send a message of successful approving the withdrawal

Scam did not recieved withdrawn

Did not recieved withdrawn. The post is written withdrawn succesful but did not recieved dollars yet since 30 hours

Scam the trick of the fraud

I showed the information of the fraud in order that you can avoid being cheated by him.The process of the scam is so dramatic, he used many different identities to induce others to invest and made other people reach the point of no return. The so-called teacher in the stock group focuses on customers who made a loss and recommend shares, futures or other investments to you. That’s a scam. The teacher has many different QQ in the name of analysis teacher, investment consultant of future, businessman or top operator. Let you profit, then let you lose money again and again.Torment you by inch. And you will lose all the money in the end without noticing the scam.Please polish your eyes, don’ be cheated like me, my whole family has been ruined.

Cyprus securities and exchange commission (CYSEC)

Market making(MM)

Regulated in country/area

Cyprus

Octa markets cyprus ltd

Octafx malaysia - octafx forex broker review

Octafx, a multi-award-winning forex broker founded in 2011, is licensed by cysec (cyprus) and registered by IBC (SVG).

So, let's see, what we have: we are always glad to visit our partners in indonesia and malaysia, and each meeting is special. This time we discussed a lot, got to revisit our favourite places and meet old friends - and, of course, make new ones! At octafx malaysia