OctaFx Broker Reviews and Full Information

How does OctaFX work?

Another major broker for trading is OctaFX. OctaFX is a top and trusted name across the globe. OctaFX is a trading firm that is focused on technology. It has been trading since 2011, and offers high-quality services that are industry-leading, including a variety of income streams as well as amazing options, such as cTrader and MetaTrader5.

OctaFX travelled from to an off-shore consistent concentration in the Vector format, or continued to work throughout the UK. The company was in its initial stages of organization, in 2017, the company was shut down and relocated to Cyprus.

Therefore, an international program by its company also works together with its EU CySEC licence distributor.

Pros

Cons

Globally Trusted Broker

The Forex education option is not readily available.

Utilizes both MT4 and the MT5 platforms.

 

10-Points Summary

Headquarters

Broker is located within SVG and Cyprus

Regulation

CySEC, FSA SVG

Platforms

MT5, cTrader

Instruments

CFDs on Commodities, Metals, Forex, Indices, and Energies

Spread EUR/USD

0.5 pip

Demo Account

Available

Minimum deposit

100$

Base currencies

USD, EUR

Education

Only available through an international organization

Customer Care

Available 24/7

Awards

If you've been to the website of OctaFX you would have noticed that at upper right hand corner, on the right side, the name of OctaFX is listed as the Best forex Broker 2019.

We've looked at a number of trading websites before, but one of the things we discovered regarding OctaFX is that each and every claim is true. OctaFX has created a bond of trust among its customers heart.

OctaFX is already well-known and has been in operation for quite some time now. OctaFX has also been granted its EU license in the last few days.

OctaFX participated in numerous competitions throughout the time it has been in operation. It has also won numerous global awards. Additionally, it has a huge number of investors who have been successful who are registered with the company. This all strengthens the role of the company and demonstrates the credibility of the firm.

Pros

Cons

Protection from Negative Balance

Was there an offshore business in the past

 

Regulated by the International Broker "CySEC"

 

OctaFX is secure or is it a scam?

The reason we've put this review together and that you are reading this review is to let you know how genuine OctaFX is. Trading isn't an easy task for children. It is essential to have knowledge and experience before investing into any brokerage.

From 2011 to today, OctaFX has made a living for a lot of people.

 

If you're looking to invest in OctaFX, let us provide you with the facts. Since the year 2011 OctaFX launched a new route using several functional licenses, including SVG enrollment, which serves the UK subsidiary. However, in 2017 the company was closed and targeted the next destination (Cyprus).

 

After the inactivity of these time periods, OctaFX is now verified and is registered with the Law of Saint-Vincent, the Grenadines and Saint-Vincent under Octa Markets Incorporated Company. OctaFX is an offshore corporation and has approved tax-management of OctaFX. Additionally, OctaFX has also established its company with Cyprus.

 

This cartification is an assurance that OctaFX is safe and safe to use. This means that you can make a deposit in OctaFX without worrying about warnings about scams.

How Safe Are You?

OctaFX is committed to providing security to its customers. From account information to your information everything is safe according to the terms and policies of OctaFX.

To protect its customers, OctaFX has a policy (Investor Protection and Compensation Schemes) which keeps the account of investors secure and keeps them out of bankruptcy.

Feel safe and secure to invest in OctaFX.

Leverage

Leverage is one of the most important aspects to be considered when it comes to Forex trading. One mistake at the leverage level could ruin entire effort. The higher your leverage level the higher the risk of losing.

This tool can be extremely helpful in boosting your capital base, however, you must be cautious when making use of it. To protect investors from risk, OctaFX Cyprus under ESMA offers a low leverage.

If you're an European investor, the leverage you be able to use is 1:30 or 1:10 for products. In the case of international traders, leverage can be as high as 1:500.

 

Account

Another striking characteristic of OctaFX is the fact that it offers many different accounts. The two most popular kinds of accounts are however, live and demo accounts. The minimum amount you are required to make is $100.

Different types of accounts

 

Since the trader is described as using the Meta-Trader account, the account that is offered to traders who are moderate is the best option since it accepts all investment methods and collective trading with the trader.

But, cTrader is more appropriate for investors who are more radical. Through a pricing model based on commissions It provides a broad exchange rate.

 

There is also an option to purchase the Demo training account that you can use and then use indefinitely to develop your skills or understand the specifications and frameworks of OctaFX.

 

However, the multi-national effort includes an account on a platform ECN as well as a PRO Account. Alongside, they offer an Nano Login mostly on MT 4.

trading instrument

OctaFX is a firm believer in the latest techniques and the latest technology in trading. OctaFX utilizes trading instruments such as Metals, Energy, Forex currency pairs, and Indices.

It is not a secret that these instruments for trading are among the most utilized in the world of trading. They make the job of investors much easier.

 

Fees

You do not want a trading platform that requires you to are required to pay more than what you earn. In this article, we'll give you the figures for rounding the charges. However, to verify the figures more precisely, you'll be sure to check out the official website.

The amount of taxes you have to pay will depend on the account you select and the service you use. OctaFX is a firm rule that you must pay for each time you use their service.

 

Pros

Cons

No deposition fees

Inactivity is charged with a fee.

No extra charges

 

No withdrawal fees

 

 

Deposit and Withdrawal Methods

What a great idea If you could transfer the money directly to your account at the bank! It's true, OctaFX offers this service. OctaFX lets you transfer your funds directly from your bank account, without charges for deposition! What's not to love?

In the process of withdrawing funds is easy and simple. OctaFX does not charge any fees for withdrawals After confirming the withdrawal you will receive your money within 2 to 3 working days.

There is however an option to withdraw money. You must fill out an application. Here are the required fields for the form,

 

Complete the form and then add the amount you want to withdraw,

Choose the method to withdraw,

Complete the other requirements,

Fill out the form and then watch for the transaction to be completed,

The process is is as easy as we described in the previous paragraph.

Pros

Cons

Depositions of all kinds and withdrawal options

The form must be filled in to withdraw

Direct bank transfer available

Doesn't accept credit cards for Cyprus entity

 

trading platforms

The world of trading today uses the most recent trading platforms, such as Meta-Trader 4 and 5. OctaFX like we said earlier, is a believer in the latest and most convenient trading. It also offers these platforms.

OctaFX provides Meta-Trader 4 and 5 in addition, OctaFX also provides the cTrader. The selection of the platform determines the performance of your trading.

The cTrader is more sophisticated than these two. It gives you an immediate entry to market providing ECN.

Pros

Cons

Efficient platforms

None

For international investors only

 

Support different languages

 

Customer Care

Reviewing OctaFX without not mentioning the Customer Support department is not a good review even! Live chat has proven to be extremely accommodating and beneficial to users. OctaFX also offers this service to users.

Live chat is available 24 hours a day. Live chat chat representatives are helpful and prompt in responding. The greatest thing about their team is that they are able to please a customer with the right details.

 

Pros

Cons

Live chat is now accessible

None

Staff of the highest quality

 

Rapid in response

 

Education

When you hear the word "education", you could imagine that OctaFX might offer classes to its traders. However, there is no evidence of this. In this case, the word "education" refers to the efforts of OctaFX in helping its traders follow a most successful route.

OctaFX organizes educational programmes and events to help novice traders on trading tools and strategies they should employ.

Review of the educational events organized by OctaFX, we conclude that it received positive feedback from students. They are very impressed with the information provided.

 

Pros

Cons

Unlimited access to the service

No cons were found.

Economic and trading news for the week available

 

Different educational tools available

 

Conclusion

After reading this lengthy article Let us summarize this. Many brokers claim that they are the top daily. However, when we look into them, we find the opposite.

In a world rife with scammers, be sure to trust OctaFX. OctaFX is a secure and secure trading platform. All of their terms and policies are easy to understand.

The minimum amount that you must make is $100. Select the type of account you'd like and then begin trading. If you're a novice you don't have to worry as you can open an account with a demo. By doing this, you will be able to improve your trading skills. You can also take part in the educational programs offered by OctaFX to help its investors.

Summary
Properties Values
Name
OctaFx
Minimum Diposit
$ $25
Leverage
1:30 | 1:500
Regulation
CySEC (Cyprus),FCA (United Kingdom),,,,,,,,,,,,
Headquarters
SVG, Cyprus
Established
2011
Address
Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent And Grenadines
Platform
MT4,MT5,MT4 WebTerminal,MT5 WebTerminal,,,
Payment Method
Visa,Wire,Western Union,Skrill,Neteller,Bitcoin,Fasa Pay,PayTM,,,,,,,,,,,,
Overview
Properties Values
Spreads
0.5 pips
Min Position size
0.01
Broker Type
STP (Straight Through Processing),ECN (electronic communications networks),NDD (Non Dealing Desk),,,
Account Type
Mini account,Scalping,Standard,,,
Brokers by Country
US Forex Brokers,Cyprus Forex Brokers,,,,,,,,,,,,
Techniques
Scalping Forex Brokers,Spread Betting Brokers,Mobile Trading Brokers,,,,,,,,,,,,
Instruments
Gold Trading Brokers,Stock Trading Broke,Oil Trading Brokers,Metal Trading Brokers,Indexes Trading Brokers,,,,,,,,,,,,
Account currency
USD,EUR,,USD,,USD,,USD,,USD,,USD,,USD,,USD,,USD,,USD,,USD,,USD,
Tools
Economic Calendar,Charting Software,Pip Calculator,Margin Calculator,Profit Calculator,,,,
Website Languages
,en,en-AU,en-CA,en-IN,en-NZ,en-ZA,en-GB,en-US,,,,,,,,,,,,
Support languages
,en,en-AU,en-CA,en-IN,en-NZ,en-ZA,en-GB,en-US,,,,,,,,,,,,
Bonus
55%
Reviews Rating
4.8
Withdrawal Fee
No
Trading Signals
No
Free Education
Yes
Daily News
No
Demo account
Yes
Swapsr
No
Pors
1. Option between MetaTrader5 and cTrader
2. User friendly design	
3. Price alerts and push notifications	
4. Fee Report	
5. Supporting various languages	
6. Web, Mobile and Desktop versions	
7. MT4 offered only by international entity
Cors
1. No education or video support for European entity, but available through international site
Display Analysis
Yes
Serving country
BY,BR,CU,CY,IR,IQ,KZ,KR,LY,NE,RU,SD,SY,UA,US,VI,,,,,,,,,,,,
Not Serving country
,,,,,,,,,,,,
Contests
Yes
Market analysis
No
Copy Trading Brokers
Yes
Bitcoin Forex Brokers
Yes
Social trading
No
Web trading
Yes
Forex pairs
No
CFDs
Yes
Crypto
Yes
Hedging
Yes
PAMM
Copytrading,,,,,,
Mobile Trading
Yes
Scalping
Yes
Automated Trading
Yes
Partnership Programs
Yes
Free Phone
+44 20 3322 1059
Customer Support
24/7
Exness Broker reviews & comments (0)
Add a review

Your email address will not be published. Required fields are marked *