OctaFX Review; is OctaFX a good broker, oxtafx.
Oxtafx
The european brand of octafx operates via the website – octafx.Eu – and abides by the highest regulatory standards.
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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. 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.
Company information
Octafx is an international award-winning forex brokerage with close to 10 years of experience in the market. It previously acted through a UK brand but has now chosen cyprus for its business destination. Octafx provides clients with very attractive trading conditions, as well as a wide range of trading products which include forex pairs, cfds on commodities, indices, precious metals and energies. Clients have at their disposal two of the most popular trading platforms – the metatrader 5 and ctrader – and many enticing bonuses and promotions.
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
Octafx – forex broker rating and review 2021
![]() | octafx UK limited website |
---|---|
status | |
regulation | FCA UK |
trading software | metatrader 4/5, MT4/5 mobile for android/iphone, ctrader, ctrader WEB, calgo |
headquartered | 2 devonshire square, london, england, EC2M 4UJ |
Is octafx scam or legit? Octafx is a trusted global broker that offers a user-friendly platform, and a wide selection of tradable instruments. Octafx acts in full compliance with international legislation and regulation standards and guarantees fund security and negative balance protection to their clients.
The five octafx benefits
This is why we rank octafx as the best forex broker.
- Security. They provide you with a prosperous environment by utilizing the tightest spreads in the industry, providing top market conditions and fixed-rated exchange rates (in some cases). Octafx also offers negative balance protection, the industry’s lowest minimum deposit, no slippage or delays, no swaps, maximum leverage of 1:500, and does not make commission from deposits or withdrawals.
- Convenience. Octafx grants local deposit and withdrawal options. Their customer support speaks your language, so it should come as no surprise that they work with local banks and transfer services that enable you to make deposits and withdrawals seamlessly.
- Peace of mind. Take comfort in knowing that octafx has won many awards from several forex focused publishers, including an accolade naming them the top broker in asia.
- Profit potential. Octafx offers some of the most famous and most lucrative contests. Whether it's for ibs, traders, or demo users, people have been winning huge prizes, like brand new cars, just by trading. There are even weekly random drawings for scooters. They provide a standard 50% deposit bonus, which sometimes climbs to 100% during special events or holidays.
- Rewards. Octafx has two unique programs. A free status program, which unlocks a bevy of benefit like even lower spreads, faster withdrawals, and invitations to VIP events. Additionally, you’re awarded incredible gifts just by trading, like macbooks, and all for free.

This octafx forex broker review is meant to help guide those unsure of how to navigate the murky forex waters. Should you focus on who has the best forex app or which broker offers the best copy trade platform? When searching for a forex broker that is right for you, you need to consider several factors, like: are they trustworthy and reliable, what are their fees, how is their platform, do they offer mobile trading, how is their customer service, do they have copy trading services. In this case, we will examine octafx. Is octafx a scam? No, absolutely not.
Octafx has been in the market for years, servicing clients worldwide, but mainly those residing in asia. They're embedded deep within the fabric of society in countries they work with through charitable initiatives. There is not a single forex broker that can claim to be more reliable or trustworthy than octafx.
Octafx has taken home over 35 awards! Most notably, octafx was named the best forex broker in asia (2020), meaning that they are the best forex broker in india, malaysia, indonesia, pakistan, and elsewhere! To top it off, the best forex app belongs to octafx as well, claiming that award back in 2018 when european CEO magazine bestowed upon them that honor. These awards not only signify their respectability, but they denote an opportunity for potential clients to seek refuge with octafx and earn more.
Regulation
Octafx is a global broker, who acts in full compliance with international legislation and regulation standards and guarantees fund security and negative balance protection to their clients.
Octa markets cyprus ltd, a part of octafx, is authorised and regulated by the cyprus securities and exchange commission (cysec) with license â„–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).
Octafx mobile app
A mobile version is available via the app store, free of charge. In 2019, europe CEO magazine awarded octafx for the best mobile trading app.
The app can used the same way as on desktop. You can modify your leverage, track your contest statistics, make money transfers, activate bonuses, and more. The user interface made the experience fun and easy to maneuver. The app supports nine languages in total.
Education
Whether you live in india, indonesia or pakistan, rest assured that octafx has you covered with daily expert trading advice along with educational insight.
Octafx regularly holds webinars which are beneficial for those new to forex trading and are determined to make a career out of it. While learning on your own is admirable, octafx works with big names in the industry and connects with their base through different mediums.
Copy trading
Several platforms offer services allowing newbies to copy professional traders. Octafx’s program works in a similar way. In fact, according to forex-awards octafx is the ‘best copy trading platform 2020’. What makes octafx’s copy trading platform rise above the rest is the care they put into it.
Of course you can sort through thousands of master traders through the category that appeals to you most and read what they have to say about their trading strategies, but octafx goes a step further. They have in-house experts that closely monitor master trader’s and make sure they’re not engaging in risky trading behavior or misleading copiers.
Customer service
Octafx has first-class customer service, something other brokers could boast about. A representative is available to you 24/7 and they speak your language. When you consider how many countries octafx services, then it becomes even more impressive. Peace of mind may be the most underrated benefit, yet when you need an issue resolved, regardless of the time, octafx is there.
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.
Octafx review
Octafx is a quite recently formed straight through processing (STP) ECN forex broker. Octafx offers both the metatrader and ctrader platforms, all major currency pairs and commodities, leverage 1:500, and a minimum deposit of $5. Octafx has been operating since 2011 out of its main center in jakarta, indonesia. The company is also registered in saint vincent and the grenadines with license number 19776 IBC 2011 issued by the caribbean’s financial services authority or FSA. Octafx is regulated by cysec with the license number 372/18.
Octafx focuses primarily on the asian retail market and has won several notable industry awards, primarily for its service to that sector. In addition to asia, the company has customers in more than 100 countries worldwide, but it does not presently accept U.S. Based clients.
Its official website is located at www.Octafx.Com and a screenshot of its welcome page appears below:

Octafx features
Octafx offers a professional quality execution service in all of the major currency pairs, plus precious metals like gold and silver. Furthermore, octafx’s decision to act as a STP ECN broker has allowed it to offer customers very tight dealing spreads, quick execution times, no slippage on orders and no re-quotes. Those key features — plus the numerous interesting promotions and contests the broker offers — makes theirs a notably attractive package for most retail traders, especially those that wish to trade more actively.
Furthermore, the broker’s very modern dealing network offers state of the art connectivity to the markets. This helps give its clients greater assurance about stability, execution, reliability and excellent liquidity from international banks. In addition, the broker conscientiously segregates its operating capital from client deposits, thereby complying with regulatory requirements and giving customers great financial security. With respect to data security, the broker uses 128-bit SSL protection when encrypting trading and personal information.
The company also offers demo accounts, as well as three different live account types that include micro and ECN for metatrader 4 and ECN for ctrader. All account types can trade silver and gold, but the number of currency pairs allowed for each live account type differs, with 12 currency pairs allowed for the micro MT4 accounts, 28 pairs for the ECN MT4 accounts and 48 pairs for the ECN ctrader accounts. In addition, swap free accounts are allowed for both of the metatrader 4 account types, while ctrader accounts are swap free unless a trader leaves their position open over a weekend, in which case they are charged a rollover fee.
In terms of the amount of leverage available to traders, octafx offers leverage ratios of up to 500:1, and this ratio applies even to micro lot positions. Last, but certainly not least, those traders who wish to use strategies like scalping, hedging, news trading and expert advisers will not be disappointed in octafx, since all of those are permitted.
The broker also supports a demo account, which beginners can use to assess the platforms and the overall trading at the site.
Platforms & tools
Octafx will greatly please many forex traders since it offers support for the very popular metatrader4 and metatrader 5 online trading platform and its mobile apps. In addition to trade execution and order placement, these platforms offer extensive charting, technical analysis and portfolio management features. They also allow traders to use or write expert advisers that can automate dealing activities.
The screenshot shown below illustrates the basic functions of the octafx installation of metatrader 4, which includes market monitoring, charts and technical analysis, on screen trade execution, trade history and account management features.
The broker also supports the increasingly popular series of desktop and mobile app trading platforms offered by ctrader, which has interesting features that metatrader does not offer.

Asset classes
Octafx supports an impressive range of tradable asset taxonomies. CFD trading is one, followed by cryptocurrencies, commodities, stocks and currency pairs.
As far as cfds go, scores of tradable assets are supported, on MT4 as well as MT5. The maximum available leverage on this asset class is 1:50.
The broker currently supports 3 cryptocurrencies (paired with the USD): BTC, ETH and LTC. Be aware that octafx does not sell any cryptocurrencies to its traders. Only CFD-based trading is possible on this asset class. The maximum leverage available on crypto cfds is 1:2.
Commodity-wise, octafx offers gold and silver as well as crude oil, among a number of other tradable assets. The spreads are quite decent, although in some cases they may shoot up above 3 pips.
A total of 4 indices are available on MT4 and 10 on MT5, in addition to an impressive number of individual stocks. The leverage is 1:50 on this category.
Currency pair trading carries the best trading conditions. The maximum available leverage here is 1:500 in most cases. Some 28 currency pairs are available on all account types. Spreads start from 0.4 pips on major pairs but they can go as low as 0 pips on the ECN account.
Commission & fees
The floating spreads on the micro account start from 0.4 pips, while the fixed ones start at 2 pips. On the pro account, spreads start from 0.2 pips and on the ECN one, from 0 pips.
Unlike the other two account types, the ECN one does charge a commission. It does not feature a markup however. The ECN account comes with a weekend fee.
Research & education
Education-wise, the official site of the broker offers a decent selection of video tutorials, as well as access to some basics on FX trading and strategies.
The tutorials section covers every featured trading platform and it goes into details on most of the available functionalities.
Customer service
Octafx offers 24/5 customer service that includes a live chat feature with a selection of three departments, in addition to support via e-mail and phone. The company also uses social networking sites like facebook, twitter, youtube and instagram to communicate with its clients.
With respect to educational materials, octafx offers various manuals to assist clients in using the two main trading platforms supported by the broker, which are metatrader 4, metatrader 5 and ctrader. These manuals cover such things as: basic trading platform functionality; ways to navigate around the platform’s interface; and tips on making successful trades. The company also offers a glossary and various tutorials for new traders on their website.
Mobile trading
The octafx trading app provides access to most of the tradable assets and it looks great on smaller screens.
It lets traders deposit and withdraw funds, enable swap-free options, modify leverage and edit and restore passwords. In word, it is a standalone trading solution, which lets traders handle every aspect of their octafx trading account on the go.
Conclusion
Although a relatively new broker on the scene, octafx has received several industry awards and overall good reviews from its clients, making it seem like a decent choice for a forex broker. This favorable perspective is further strengthened by their decision to offer an ECN/STP broker service, making their dealing spreads and order execution top notch.
Another positive factor for octafx is its support for the popular metatrader 4 trading platform and its newer competitor ctrader that offers some exciting and innovative features.
On the downside, this broker is very focused on currencies and precious metals, so those traders who also wish to trade stocks, other commodities and indices will probably have to find another outlet for trading those asset classes.
Octafx is an online forex brokerage, offering three trading platforms and access to scores of tradable assets. FX daily info named the brokerage “the best ECN/STP broker of 2019.” brokers using an electronic communication network and straight-through processing do indeed have a fair business model. They do not act as market makers or parties involved in trading against their clients.
In light of these facts, yes, octafx is indeed a legitimate online brokerage.
On the other hand, octafx used to offer binary options, a trading instrument now out of favor, that was not exactly the best herald of legitimacy. Again, the broker no longer features such a trading product.
In 2015/16, octafx was one of the sponsors of the UK football club southampton FC.
Letting the users decide whether a broker is a good one or not is the only reasonable way to answer that question.
Octafx is in an interesting situation on the user feedback front. They have good reviews and bad. Their score at most of the major review portals reflects this fact. This is what one would expect from a broker as old and reputable as octafx.
Most of their user reviews seem genuine, unlike those of some of their peers.
• some like the trading conditions. The spreads are low, execution is quick and ECN trading is inherently fair.
• the availability of a swap-free account option is a major plus.
• the beginner-friendly nature of the broker.
• the quality of octafx support.
There are about as many complaints concerning octafx’s services as there are positive reviews.
• some allege that the broker charges a hefty fee on withdrawals, despite advertising otherwise.
• spread manipulation.
• problems with the trading platforms.
Octafx does have the potential to be a good broker. Not all users will agree with that assessment, however.
The minimum deposit with an octafx micro account is $5. If you intend to trade for profits, however, you should deposit more. The minimum deposit for a pro account is $500.
Yes. Octafx is regulated in several jurisdictions. In estonia, where its european base of operations is located, it is regulated by the local financial authorities. It used to possess a cysec license in the past as well.
In st. Vincent and the grenadines, it is licensed by the SVGFSA. Its license number is 19776.
Octafx currently maintains offices in estonia and st vincent and the grenadines. The exact addresses of these offices are:
• harju maakond, tallinn, lasnamae linnaosa, sepise tn 9// valukoja tn 8-110, estonia.
• suite 305, griffith corporate centre, beachmont, kingstown.
James west
Having started his online career back in 2005, over the years, james has written for scores of websites, covering online poker, esports, forex trading, binary options, and digital ledger technology. Continued
Comments on octafx
Im so annoid. Like some how you know how to trick people. I have been waiting for my withdrawals for 5 days now. This is not what terms say. This is violation.
Worst part I do the follow ups. You just sit there and claim you keep good work ethics . I want my money octa fx
Hi,
have you contacted their support and asked?
Best regards,
fxexplained.
$3000usd fee for withdrawal!
After making 12.5 lots and requesting a withdrawal request, they are charging me 3000USD of commission for deposit and withdrawal where their page is full of ads that are free.
Thank you for your comment.
Have you spoken to their support regarding this?
We asked our team to look into your complaint. If we’re not mistaken, the commission was reimbursed back to you.
If there’s anything we can do for you please, do not hesitate to contact us.
What is octafx? And how it works?
What is octafx? | india | demo | sign up: hello folks….In this article I will talk about one of the most famous and trending trading brokers i.E octafx.
In this article, I will cover.
- What is octafx
- How octafx works?
- How to get started with octafx?
What is octafx?
If you are an instagram or a facebook user. I bet you must have seen octafx ad. Where a former cricket suresh raina used to come and talk about how to make money via octafx very easily?
But the real question that arises is is it that easy to make money via octafx?
Well, don’t worry I am 2 old experienced trader and I am surely going to cover all your doubt’s in this and upcoming articles.
Let’s get started with what is octafx?
Octafx is forex trading platform. Which allows you to trade i.E BUY or SELL commodities, gold, silver & more.
In case you don’t know:
Foreign exchange market or forex or currency market is a global decentralized or over the counter market for the trading of currencies.
This market determines the foreign exchange rates for every currency. It includes all the aspects of buying, selling and exchanging currencies at current or determined prices.
To be honest, this is by far the largest market in the world then, followed by the credit market.
The main participants in the forex market are the larger international banks & more.
How to get started with octafx?
Getting started with octafx is damn very easy.


Now, you need to confirm your mail.

Secondly, enter your address details like given below.

Now, select your account and click on continue.

Now, enter your profile avatar. Download from google or just upload your image and click on open account.

That’s it. You are done with opening your account. Now it’s time to start trading journey with octafx.
How octafx works?
As said above the forex market is run by global networks of banks spread over four major trading centres in different time zones: london, new york, sydney tokyo.
There are basically three types of forex markets:
- Spot forex market: the physical pair of a currency pair. Which takes place at the exact point the trade is settled – on the spot” within a spot of time”.
2. Foreward forex market: it means a contract is agreed to buy or sell a set amount of currency to be settled at a set date in the future or within a range of future dates.
3. Future forex market: it means a contract is agreed to buy or sell a set amount of currency at a set price and date in future. Unlike forward, a future contract is legally binding.
If you are newbie and wanna learn forex market properly, I highly suggest you to complete octafx classes which is completely FREE.
You just need to click this link and you land to the homepage octafx trading academy.
Winding up:
I hope you have found this article helpful. This article was all about what is octafx?, octafx india, octafx demo, octafx sign up, how to get started with octafx?, how octafx works?.
One thought on “ what is octafx? And how it works? ”
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Octafx review
Octafx is a quite recently formed straight through processing (STP) ECN forex broker. Octafx offers both the metatrader and ctrader platforms, all major currency pairs and commodities, leverage 1:500, and a minimum deposit of $5. Octafx has been operating since 2011 out of its main center in jakarta, indonesia. The company is also registered in saint vincent and the grenadines with license number 19776 IBC 2011 issued by the caribbean’s financial services authority or FSA. Octafx is regulated by cysec with the license number 372/18.
Octafx focuses primarily on the asian retail market and has won several notable industry awards, primarily for its service to that sector. In addition to asia, the company has customers in more than 100 countries worldwide, but it does not presently accept U.S. Based clients.
Its official website is located at www.Octafx.Com and a screenshot of its welcome page appears below:

Octafx features
Octafx offers a professional quality execution service in all of the major currency pairs, plus precious metals like gold and silver. Furthermore, octafx’s decision to act as a STP ECN broker has allowed it to offer customers very tight dealing spreads, quick execution times, no slippage on orders and no re-quotes. Those key features — plus the numerous interesting promotions and contests the broker offers — makes theirs a notably attractive package for most retail traders, especially those that wish to trade more actively.
Furthermore, the broker’s very modern dealing network offers state of the art connectivity to the markets. This helps give its clients greater assurance about stability, execution, reliability and excellent liquidity from international banks. In addition, the broker conscientiously segregates its operating capital from client deposits, thereby complying with regulatory requirements and giving customers great financial security. With respect to data security, the broker uses 128-bit SSL protection when encrypting trading and personal information.
The company also offers demo accounts, as well as three different live account types that include micro and ECN for metatrader 4 and ECN for ctrader. All account types can trade silver and gold, but the number of currency pairs allowed for each live account type differs, with 12 currency pairs allowed for the micro MT4 accounts, 28 pairs for the ECN MT4 accounts and 48 pairs for the ECN ctrader accounts. In addition, swap free accounts are allowed for both of the metatrader 4 account types, while ctrader accounts are swap free unless a trader leaves their position open over a weekend, in which case they are charged a rollover fee.
In terms of the amount of leverage available to traders, octafx offers leverage ratios of up to 500:1, and this ratio applies even to micro lot positions. Last, but certainly not least, those traders who wish to use strategies like scalping, hedging, news trading and expert advisers will not be disappointed in octafx, since all of those are permitted.
The broker also supports a demo account, which beginners can use to assess the platforms and the overall trading at the site.
Platforms & tools
Octafx will greatly please many forex traders since it offers support for the very popular metatrader4 and metatrader 5 online trading platform and its mobile apps. In addition to trade execution and order placement, these platforms offer extensive charting, technical analysis and portfolio management features. They also allow traders to use or write expert advisers that can automate dealing activities.
The screenshot shown below illustrates the basic functions of the octafx installation of metatrader 4, which includes market monitoring, charts and technical analysis, on screen trade execution, trade history and account management features.
The broker also supports the increasingly popular series of desktop and mobile app trading platforms offered by ctrader, which has interesting features that metatrader does not offer.

Asset classes
Octafx supports an impressive range of tradable asset taxonomies. CFD trading is one, followed by cryptocurrencies, commodities, stocks and currency pairs.
As far as cfds go, scores of tradable assets are supported, on MT4 as well as MT5. The maximum available leverage on this asset class is 1:50.
The broker currently supports 3 cryptocurrencies (paired with the USD): BTC, ETH and LTC. Be aware that octafx does not sell any cryptocurrencies to its traders. Only CFD-based trading is possible on this asset class. The maximum leverage available on crypto cfds is 1:2.
Commodity-wise, octafx offers gold and silver as well as crude oil, among a number of other tradable assets. The spreads are quite decent, although in some cases they may shoot up above 3 pips.
A total of 4 indices are available on MT4 and 10 on MT5, in addition to an impressive number of individual stocks. The leverage is 1:50 on this category.
Currency pair trading carries the best trading conditions. The maximum available leverage here is 1:500 in most cases. Some 28 currency pairs are available on all account types. Spreads start from 0.4 pips on major pairs but they can go as low as 0 pips on the ECN account.
Commission & fees
The floating spreads on the micro account start from 0.4 pips, while the fixed ones start at 2 pips. On the pro account, spreads start from 0.2 pips and on the ECN one, from 0 pips.
Unlike the other two account types, the ECN one does charge a commission. It does not feature a markup however. The ECN account comes with a weekend fee.
Research & education
Education-wise, the official site of the broker offers a decent selection of video tutorials, as well as access to some basics on FX trading and strategies.
The tutorials section covers every featured trading platform and it goes into details on most of the available functionalities.
Customer service
Octafx offers 24/5 customer service that includes a live chat feature with a selection of three departments, in addition to support via e-mail and phone. The company also uses social networking sites like facebook, twitter, youtube and instagram to communicate with its clients.
With respect to educational materials, octafx offers various manuals to assist clients in using the two main trading platforms supported by the broker, which are metatrader 4, metatrader 5 and ctrader. These manuals cover such things as: basic trading platform functionality; ways to navigate around the platform’s interface; and tips on making successful trades. The company also offers a glossary and various tutorials for new traders on their website.
Mobile trading
The octafx trading app provides access to most of the tradable assets and it looks great on smaller screens.
It lets traders deposit and withdraw funds, enable swap-free options, modify leverage and edit and restore passwords. In word, it is a standalone trading solution, which lets traders handle every aspect of their octafx trading account on the go.
Conclusion
Although a relatively new broker on the scene, octafx has received several industry awards and overall good reviews from its clients, making it seem like a decent choice for a forex broker. This favorable perspective is further strengthened by their decision to offer an ECN/STP broker service, making their dealing spreads and order execution top notch.
Another positive factor for octafx is its support for the popular metatrader 4 trading platform and its newer competitor ctrader that offers some exciting and innovative features.
On the downside, this broker is very focused on currencies and precious metals, so those traders who also wish to trade stocks, other commodities and indices will probably have to find another outlet for trading those asset classes.
Octafx is an online forex brokerage, offering three trading platforms and access to scores of tradable assets. FX daily info named the brokerage “the best ECN/STP broker of 2019.” brokers using an electronic communication network and straight-through processing do indeed have a fair business model. They do not act as market makers or parties involved in trading against their clients.
In light of these facts, yes, octafx is indeed a legitimate online brokerage.
On the other hand, octafx used to offer binary options, a trading instrument now out of favor, that was not exactly the best herald of legitimacy. Again, the broker no longer features such a trading product.
In 2015/16, octafx was one of the sponsors of the UK football club southampton FC.
Letting the users decide whether a broker is a good one or not is the only reasonable way to answer that question.
Octafx is in an interesting situation on the user feedback front. They have good reviews and bad. Their score at most of the major review portals reflects this fact. This is what one would expect from a broker as old and reputable as octafx.
Most of their user reviews seem genuine, unlike those of some of their peers.
• some like the trading conditions. The spreads are low, execution is quick and ECN trading is inherently fair.
• the availability of a swap-free account option is a major plus.
• the beginner-friendly nature of the broker.
• the quality of octafx support.
There are about as many complaints concerning octafx’s services as there are positive reviews.
• some allege that the broker charges a hefty fee on withdrawals, despite advertising otherwise.
• spread manipulation.
• problems with the trading platforms.
Octafx does have the potential to be a good broker. Not all users will agree with that assessment, however.
The minimum deposit with an octafx micro account is $5. If you intend to trade for profits, however, you should deposit more. The minimum deposit for a pro account is $500.
Yes. Octafx is regulated in several jurisdictions. In estonia, where its european base of operations is located, it is regulated by the local financial authorities. It used to possess a cysec license in the past as well.
In st. Vincent and the grenadines, it is licensed by the SVGFSA. Its license number is 19776.
Octafx currently maintains offices in estonia and st vincent and the grenadines. The exact addresses of these offices are:
• harju maakond, tallinn, lasnamae linnaosa, sepise tn 9// valukoja tn 8-110, estonia.
• suite 305, griffith corporate centre, beachmont, kingstown.
James west
Having started his online career back in 2005, over the years, james has written for scores of websites, covering online poker, esports, forex trading, binary options, and digital ledger technology. Continued
Comments on octafx
Im so annoid. Like some how you know how to trick people. I have been waiting for my withdrawals for 5 days now. This is not what terms say. This is violation.
Worst part I do the follow ups. You just sit there and claim you keep good work ethics . I want my money octa fx
Hi,
have you contacted their support and asked?
Best regards,
fxexplained.
$3000usd fee for withdrawal!
After making 12.5 lots and requesting a withdrawal request, they are charging me 3000USD of commission for deposit and withdrawal where their page is full of ads that are free.
Thank you for your comment.
Have you spoken to their support regarding this?
We asked our team to look into your complaint. If we’re not mistaken, the commission was reimbursed back to you.
If there’s anything we can do for you please, do not hesitate to contact us.
Octafx review


- Is octafx safe?
- Trading conditions
- Account types
- Spreads and commissions
- Deposits and withdrawal fees
- Octafx for beginners
- Educational material
- Analysis material
- Customer support
- Trading platforms
- Trading tools
- Mobile trading apps
- Octafx in their own words
- Octafx risk statement
- Overview
Summary
Octafx is a cysec-regulated STP broker founded in 2011 that will appeal to both beginners and professionals.В they have an excellent analytical section and offer a range of useful trading tools such as autochartist, copy trading, and an account monitoring service so you can learn anonymously from other successful traders.В
Trader education for beginners is well-presented and platform support is almost unbeatable, with MT4, MT5 and ctrader all offered вђ“ but platforms are linked to account type and trading conditions.
Reviews
Account information
Trading conditions
Company details
Deposit & withdrawal methods






Supported platforms for octafx




Is octafx safe?
Octafx is a relatively new broker, founded in indonesia in 2011 and regulated by cysec since 2018 (license 372/18). It was regulated by the FCA (the ukвђ™s financial conduct authority) from 2015 to 2017 (ref: 679306) but allowed its regulatory status to lapse once the brexit referendum was passed and it became clear that the EU was the more important regulatory market.
Octafx has been widely recognised by the industry, recently winning best forex broker asia 2018 (global banking and finance review)В best FX broker 2018 and best trading conditions 2018 (european CEO magazine) as well as best mobile trading app 2019 (european CEO magazine) and best FX broker 2019 (fxexplained).
Like all regulated brokers, octafx has segregated accounts (client funds and broker funds are kept in separate accounts in case of broker bankruptcy) and offers negative balance protection for all clients – so you can never lose more money that you have in your account.
Trading conditions
Octafx markets itself as a true ECN/STP broker and offers three different accounts depending on which platform you use.
Trading conditions – including spread, commission, leverage and margin call level – vary depending on which platform/account you decide to go with. All accounts are market execution in under 0.1 seconds and they all allow for hedging, scalping and eas. В
Account types
Octafx has three different account types (along with an unlimited demo account) depending on which platform you decide to use.
This is an unusual approach; if you are familiar with a specific platform and wish to continue using it, you are going to be restricted in your account choice. I firmly believe that platform preference should not arbitrarily affect trading conditions, which seems to be the case here.

Demo account
Octafx offers an excellent unlimited demo account option, available on MT4, MT5 and ctrader. It offers real market conditions and a chance to win real money in a monthly champion demo contest.
MT4 (micro) account
With the MT4 (micro) account, you can choose either a floating spread, starting at 0.4 pips or a fixed spread, at 2 pips, depending on your preference. This account requires a minimum deposit of 50 USD (though 100 USD is recommended) and no commission is charged on trades.
Leverage is fixed at 1:500 for forex trading and the margin call/stop out is 25%/15%. Swaps are optional and cfds and cryptocurrencies can also be traded (though leverage will be much lower).
MT5 (pro) account
The MT5 (pro) account only offers a floating spread, starting at 0.2 pips, and requires a minimum deposit of 500 USD. No commission is charged on this account either but leverage for forex trading is fixed at 1:200 and the margin call/stop out is set at 45%/30%.
There are no swaps on this account and overnight commissions are charged after 3 days. As with the MT4 account, both CFD and cryptocurrencies can also be traded.
Ctrader (ECN) account
The ctrader (ECN) account also only offers a floating spread, but this starts at 0 pips. A commission is charged on trades and a minimum deposit of 100 USD is required.
Leverage is fixed at 1:500 for currencies and 1:200 for metals – cryptocurrencies and cfds are unavailable with this account. Margin call/stop out is set at 25%/15% and overnight commissions are only charged over weekends.
Spreads and commissions
The spreads on the different account types vary by account type. Commission on the ctrader account is charged at 0.03 USD per 0.01 lot.
Deposits and withdrawal fees
Octafx only accepts deposits in EUR or USD. It charges no deposit or withdrawal fees but, unusually, only accepts deposits and withdrawals via the following methods:
- Bitcoin: minimum deposit is 0.00096 BTC and the minimum withdrawal is 5 USD
- Neteller: minimum deposit is 50 USD and the minimum withdrawal is 5 USD
- Skrill: minimum deposit if 50 USD and the minimum withdrawal is 5 USD
Octafx also offers a deposit bonus scheme (up to 50% of your deposit) though withdrawing the bonus is conditional on trading activity, using the following formula.

Octafx for beginners
The educational material at octafx and its alternative website is good but focused on new traders; for more experienced traders there is little in the way of educational support. Customer support is competitive but where octafx really shines is in the research and market analysis available.
Educational material
Octafx has recently launched tradingtiger.Pro, an online trading academy for new traders. The site features a range of short tutorials covering everything you need to know to get started – from forex fundamentals to predicting the market. Each tutorial is a mix of video and text and is well-packaged and easy to understand; learners are tested frequently on the material and the entire website is free of charge. Overall, an excellent resource for beginners traders and we hope octafx considers expanding it to include intermediate and advanced courses and brings the course in-house.В

Back on octafx’s main website, the in-house education section is anchored by a collection of articles collectively called forex basics. Article topics range from explainers on ECN trading and risk management to technical analysis and trading strategies as well as more advanced concepts such as pair correlations and fibonacci retracements. These articles are detailed and well-written and offer valuable advice for new and intermediate traders – unfortunately, these topics arenвђ™t available in video format.
Also on the main site, there is a short tutorial section covering the metatrader platforms, copytrading, autochartist and cfds and a video tutorial section focused on getting started with metatrader. Finally, there is a FAQ section and a useful glossary of forex trading terms. The education section also has links to the manuals for the different platforms octafx supports (MT4, MT5 and ctrader)
Analysis material
Octafx has an excellent market insights section which is updated frequently. Regular posts include a daily forecast, a daily review and weekly review. These posts frequently offer predictions of future market movements – but be cautious and do your own research before acting on any predictions.
The market insights section also has a daily video series, uploaded to the octafx youtube channel, called market in a minute, which covers all the big news from the forex markets for the preceding trading day. In addition to all these regular updates, there are irregular short pieces published in reaction to trading events with detailed technical insight.

Octafx also hosts a forex news section, with short briefings on all the major news stories affecting the forex markets, this is updated over the weekend and the articles are well-written and concise. These briefings are offered without any suggestion of how the events will affect the markets.
Customer support
Octafx customer support is open 24 hours a day, 5 days a week via live chat, phone (with local numbers for the UK, hong kong and indonesia), email and whatsapp.
Additionally, the finance department is open from 06:00 – 22:00 (EET) and the customer verification department is open from 08:00 – 17:00 (EET) for account setup and troubleshooting queries.
Trading platforms
As mentioned above, octafx offers MT4, MT5 and ctrader – though platform choice is tied to account type and, as such, will greatly affect trading conditions.
Trading tools
Alongside industry standards such as an economic calendar, profit and trading calculators, octafx also offer an account monitoring tool whereby you can monitor any other octafx traders account and sort by balance, gain, trades and account type. This tool also allows you to dig into the history of an account so you can learn how the account holder has managed their success. Accounts are only represented by numbers so all holders remain anonymous.
Octafx also offers a copy trading function free for all accounts, allowing beginners to copy experienced, successful traders for a small fee per traded lot. This function is also available through the mobile app.
Octafx also supports autochartist, the industry-standard trading signals provider. Autochartist provides traders with automated alerts for opening and closing trades, a volatility analysis tool which allows you to better optimise take-profit and stop-loss levels and integrated market reports. Autochartist is available on MT4/5 (but not on ctrader) and requires a minimum balance of 500 USD in your octafx account.
Mobile trading apps
All the platforms offered by octafx are also available on mobile devices and tablets. In additions, octafx offers its own octafx trading app (only for android) which gives you access to all your octafx accounts (including your demo account) and comes with market insights fully integrated.

Octafx in their own words
Evaluation method
We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the FXTM offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.
Octafx risk statement
Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, acts of nature and other factors, all of which may substantially affect the price or availability of one or more foreign currencies.
Speculative trading is a challenging prospect, even to those with market experience and an understanding of the risks involved. Only funds that a person would allocate to high-risk investments (i.E., funds that if lost would not affect the person’s standard of living or financial well-being) should be used in trading.
In cases where a client has used only conservative forms of investment in the past, forex trading might not be appropriate for the client. A client must understand that a total loss of all funds deposited can occur, should the market go against the client’s position(s).
Overview
Octafx is a good ECN broker with varied account options, platforms, and trading conditions. Because these account options, platforms and trading conditions are all tightly linked, new customers may feel arbitrarily restricted.
That said, octafx has an excellent analytical section, well-designed education for beginners, world-class trading tools and a range of exciting bonus options.
Oxtafx
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Octafx releases list of top 2020 events
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 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
- Limited payment options
- Apps not very user-friendly
- Slightly geared towards clients in southeast asia
Min deposit
Max leverage
Mini account
Bonus
Platforms
Withdrawal options
Review
Comparison
Review
Introduction
Ocatfx is one of the most well-known cfds and forex brokers in the world at present. Started in 2011, this company has been incorporated in the financial markets of the grenadine islands and sy vincent. Keeping the asian financial markets as its main service area, ocatafx has based in jakarta, indonesia. This platform has clients originating from over 100 nations around the world. It is important to note that the UK’s financial conduct authority considers octafx as a legitimate and regulated brokerage.
Trading conditions
Discover the lowest spreads in the entire industry
Octafx traders are able to executive lightning trades at visible prices without any slippage.
Negative balance risk mitigation
Octafx does not charge any commission on services including making deposits or withdrawals. It also does not change a transaction fee for currency exchanges.
Types of accounts on octafx
Octafx offers three different types of accounts:
This account type is meant for traders who wish to have the maximum leveraging options with the least monetary investment. The minimum deposit required to start this type of account is $50.
This account is meant for those with a good understanding of forex and a willingness to invest for larger profits. This account offers the lowest spreads which allow for the maximum length of trade options. You can also engage in CFD trading from this account.
This account type is for professional traders who can make prudent investment decisions. It offers a great deal of mobility as it requires no markup and provides ample liquidity access. For traders looking to earn big, ECN is the right option.
Products
Octafx basically offers two types of trading options – spot market trading and contract for difference or CFD trading. Traders can invest in a range of options on octafx including currency pairs, cryptocurrencies, stocks, market indices, precious metals, and other commodities. This combination of financial investment options allows for great profit potential. Investors can benefit from trading on the most popular market indices such as NASDAQ, eurostoxx 50, dow jones etc.
At present, octafx can support three primary cryptocurrencies – bitcoin, ethereum and litecoin.
Traders on octafx can also use cfds to access trading on stock indexes.
Regulation
As stated earlier, octafx is under the regulatory oversight of the financial conduct authority of the UK. This is one of the most stringent regulatory models in the forex industry. The company was established in 2011 under saint vincent and the grenadines IBC 2011 and granted the license number 19776. The company is in full compliance with international financial regulatory standards.
Platforms
Metatrader4
Octafx allows traders to select from a number of platforms for the biggest cross-section of trading preferences and levels. This platform has a very easy to understand setup and offers inbuilt expert advisors as well as customizable indicators.
Metatrader 5
An increasingly popular platform on octafx, MT5 has been considered by many as a potential replacement for MT4. In addition to the MT4 features, it provides a far more customizable interface, stop limit orders and native economic calendar.
Ctrader is the top-level trading platform for ECN brokers. Naturally, it provides level II quotes, server trailing stops, single-click trading and sophisticated charting options. It utilizes cloud servers to back up accounts and keep a centralized tab on all of them.
Mobile trading
Octafx is also available on mobile and has dedicated apps for both ios and android. There is virtually no performance difference between these mobile apps and desktop apps. Traders can easily use them to make trades while on the move.
The octafx trading app is an officially acknowledged forex trading software. It permits all financial transactions available through conventional desktop apps. Users can access the in-app settings to control their octafx trader profile and all activities related to that account. The apps provided fulfill the needs of traders, but we have seem apps from other brokerages that have been easier to use.
Pricing
Octafx has a commission model based on trading. The actual commission charge is based on a mixture of standard prices and markup spreads. For ECN accounts, the charge is 3 cents per 0.01 lot. The table below provides a general idea of the spreads typically seen across octafx’s platforms.
Instrument
Spreads (in pips)
Deposits & withdrawals
Octafx offers multiple channels for investment including credit/debit cards, bank wires, skrill, neteller etc. Traders from specific countries can also opt for local bank transfers. Octafx is constantly adding new payment methods. The deposits must be in USD or EUR and must be at least $5 or equivalent for micro account balances.
For withdrawal requests, the processing time is almost instantaneous and validated through an email. However, this will only happen provided personal information about the withdrawer in available and verified. As per the international anti-money laundering laws, forex brokers need to follow specific rules and octafx complies to them all.
In addition, octafx also keeps user funds distinct from that of the company. Thus, it is in compliance with international forex trading standards. Further, it uses an authentication model through 3D secure technology for extra protection to online payments.
Customer support
Octafx offers customer service round the clock on all workdays i.E. 24/5. Customers can choose between email, direct change and free calling options. The company will also provide a range of market new along with research and economic calendar.
Research & education
Octafx offers several trader tools such as an economic calendar, market insights, forex news, profit calculator, trading calculator, monitoring, live quotes, interest rates, and national holidays. More tools include:
Signals: these tools include MQL5 community settings, signal settings, signal subscribers, and signal providers.
EAS: EAS tools include tester parameters, code basetoolbox, experts tab, experts advisors launch, expert advisors setup, expert advisors shutdown, and autochartist installation manual.
Noteworthy points
· octafxcopytrading provides traders the chance to directly mimic the investment patterns of successful traders. This strategy is a failsafe against customized trading practices and ensures a reasonable degree of success.
· octafxhas been a supporter of the bali sports foundation which takes care of disabled sportsmen in bali and east indonesia.
· octafx supported rip curl cup padang-padang event in bali, indonesia.
· from july 1st, 2015 to 30th june 2016 octafx sponsored of southampton FC, a top-level football club in the UK.
Awards won by them:
· best trades execution 2017
· best trading conditions 2017
· from european CEO magazine
· best forex ECN broker 2017
· most transparent broker 2017
· from european CEO magazine
· best trading conditions 2016
Conclusion
Octafx has a truly impressive array of features and options to offer to traders. Their personal support is also genuine and customer care executives seem to eagerly resolve client queries and problems.
Additionally, their competitions and trading bonuses add an edge to their brokerage. Most other forex brokers do not offer such benefits. For novice and even experienced brokers, octafx offers a wide range of educational materials.
Novice traders also have the option of honing their skills with demo accounts which perfectly mimic live trade conditions.All in all, octafx is a very viable forex brokerage that offers a good experience and can be used profitably by smart traders.
Comparison
Broker comparison maecenas porta rhoncus dui ut congue. Donec luctus non sem eu euismod. Ut rhoncus mauris non bibendum congue. Donec maximus ipsum a lectus sollicitudin.
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 oxtafx
Contents
- Top forex bonus list
- Octafx review – is octafx a good broker?
- RECOMMENDED FOREX BROKERS
- Company information
- Regulation & safety
- Negative balance protection (NBP)
- Trading conditions
- Trading platforms
- Promotions
- Methods of payment
- Conclusion
- Octafx – forex broker rating and review 2021
- The five octafx benefits
- Regulation
- Octafx mobile app
- Education
- Copy trading
- Customer service
- Octafx commissions & spreads
- Octafx review
- Platforms & tools
- Asset classes
- Commission & fees
- Research & education
- Customer service
- Mobile trading
- Conclusion
- What is octafx? And how it works?
- What is octafx?
- How to get started with octafx?
- How octafx works?
- Winding up:
- Octafx review
- Platforms & tools
- Asset classes
- Commission & fees
- Research & education
- Customer service
- Mobile trading
- Conclusion
- Octafx review
- Summary
- Reviews
- Account information
- Trading conditions
- Company details
- Deposit & withdrawal methods
- Supported platforms for octafx
- Is octafx safe?
- Trading conditions
- Octafx for beginners
- Trading platforms
- Trading tools
- Octafx in their own words
- Overview
- Oxtafx
- Octafx releases list of top 2020 events
- Octafx review
- Broker details
- Live discussion
- Octafx.Com profile provided by john, may 29, 2012
- Video
- Traders reviews
- Bank negara malaysia
- Octafx
- Review
- Introduction
- Trading conditions
- Products
- Regulation
- Platforms
- Mobile trading
- Pricing
- Deposits & withdrawals
- Customer support
- Research & education
- Noteworthy points
- Conclusion
- Comparison
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