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OctaFX Review – OctaFX Broker Profile

OctaFX licences, accounts, trading terms and deposit methods in one place.

2 regulators Since 2012 MT4 & cTrader Spreads from 0.0 pips
Regulated broker

OctaFX Broker Overview at a Glance

  • Website: www.octafx.com
  • Founded: 2012
  • Headquarter: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines
  • Company: cta Markets Incorporated
  • Regulation: CySEC (Cyprus), SVG FSA (Saint Vincent and the Grenadines)
$100Min. deposit
1:500Max leverage
0.0 pipsEUR/USD from
0.01Min. lot size

OctaFX Company, Account & Trading Information

Headquarter

Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines

Broker Type

ECN/STP

Broker Status

Independent Broker

Accept U.S Clients

No

Live Chat

Yes

Regulations

CySEC (Cyprus), SVG FSA (Saint Vincent and the Grenadines)

Address

Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines

Email

[email protected]

Website Languages

English, Spanish, German, Portuguese, Hindi, Chinese, Malaysian, Indonesian, Urdu, Thai, Vietnamese and More

Account Information

Free Demo Account

Yes

Min. Deposit

100

ECN account

Yes

Account Currencies

 EUR, USD, GBP, SEK, DKK, ZAR, NOK, PLN, AUD, AED, CZK and More

Maximum Leverage

1:500

Minimal Order Volume

0.01

Segregated accounts

Yes

Swap-free Accounts

Yes

MAM/PAMM accounts

Yes

Managed account

Yes

Interest on margin

No

Deposit/ Withdraw Options

 

 Wire Transfer, Credit Card, Debit Card, Crypto, Moneybookers, Perfect Money, WebMoney, Neteller, Skrill, FasaPay, Qiwi, Bitcoin, POLi, Sticpay, VLoad

Trading Term OctaFX Overview

Trading Platforms

 MetaTrader4, MetaTrader5, cTrader, MT4 WebTerminal, MT4 Android, MT4 iPhone Trader, MT4 iPad Trader, MT4 MultiTerminal, WebTrader, AutoTrade

Precision pricing

5 digits

Type of Spread

Fixed/Variable

Commission

Yes

Lowest spread on EURUSD

0.0 pips

Scalping

Yes

Hedging

Yes

Expert Advisors

Yes

One-click execution

Yes

OCO orders

Yes

Mobile Trading

Yes

Web Trading

Yes

Gold, Silver

Yes

CFDs

Yes

Other Trading Instruments

 Indices, Commodities, Energies, Shares, CFDs, Cryptocurrency, Precious Metals

Promotion

50% Welcome Bonus

Trading Contests

No

OctaFX Broker Review

OctaFX is a forex and CFD’s broker, provide currency trading solution in the global market. They provide Metatrader and ctrader platforms. The broker was established in 2011. They are well regulated and a favored broker for good services. You can trade forex currency pairs, CFD, cryptocurrency, stocks, metals, etc. Let’s see their every detail you can choose as your trading broker or not.

OctaFX Overview: why should you choose the company?

The broker was founded in 2011, and the headquarter is located at Saint Vincent and the Grenadines;

The company is Regulated by SVGFSA license no.19776 IBC 2011

They achieve many industry awards for exemplary services;

The offers STP/ECN service ensures no slippage, tight spreads, fast execution, and no re-quotes;

Client support provides 24/7 on market days to fulfill client needs and solve client problems;

Offer four different types of account for all level of traders, ranging from beginners to advanced level of traders;

Metatrader trading platform and cTrader platform for advanced trading features;

Good network stability, and excellent execution;

They offer spreads starts as low as 0.6 pips;

A client can take leverage up to 1:500 leverage with micro-lots (0.01 size);

Trading on the news, EAs, Scalping, and hedging are permitted at OctaFX.

Client deposits are held on different accounts from the company account.

Regulation and Security

As their regulation and base, they are providing service worldwide,

OctaFX is registered in Saint Vincent and the Grenadines. SVGFSA license no.19776 IBC 2011

They provide Negative balance protection and client funds are held from the company funds.

Account types

OctaFX offers two different types of accounts. These accounts are designed for all levels of traders to provide full features and a special experience. Here are features of all trading accounts:

OctaFX MT5

Recommended for: Smart trader

Floating, starting at 0.6 pips

32 currency pairs, three energies, ten indices, five cryptocurrencies, gold and silver

Maximum trading volume 500 lots

Margin call/stop out level 25% / 15%

Leverages are

  • 1:500 for currencies
  • (1:100 for ZARJPY)
  • 1:200 for metals
  • 1:100 for energies
  • 1:50 for indices
  • 1:10 for cryptocurrencies

OctaFX MT4

Recommended for: Habitual trader

Floating, starting at 0.6 pips

32 currency pairs, three energies, four indices, five cryptocurrencies, gold and silver

Maximum trading volume 200 lots

Margin call/stop out level 25% / 15%

Leverages are

  • 1:500 for currencies
  • (1:100 for ZARJPY)
  • 1:200 for metals
  • 1:100 for energies
  • 1:50 for indices
  • 1:10 for cryptocurrencies

Leverages are

  • Up to 1:500 for currencies
  • 1:200 for metals

Demo account

The broker offers a demo account. It’s completely free to start. The account mostly designed to practice trading but sometimes experts also play to check services. Both MT4 and MT5 platforms are available for demo traders. A fantastic thing is they offer demo contests regularly to make their clients happy.

Islamic account

It’s a swap-free trading account. The account is designed for Islamic traders. It also offers negative balance protection. MT4, MT5 and cTrader platforms are available for this account.

OctaFX Trading platforms

The broker offers MetaTrader trading platforms:

MetaTrader4

It’s one of the most popular trading platforms. The platform was established in 2005 by MetaQuotes Software. This platform features are:

  • CFD and Cryptocurrency trading
  • Clear and beginner’s friendly interface
  • Reliable Virtual Private Server service
  • Interactive, customizable charts
  • Expert Advisors and Custom Indicators

MetaTrader5

It is an updated version of the Mt4 platform. It is designed to provide more and advanced features. The most important components are:

  • Integrated development environment for EAs
  • Unique interface which is known as highly customizable
  • Stop Limit orders and built-in economic calendar
  • one-click trading tools and ultra-fast execution

All platforms can be accessed via web browser, and the downloadable version available for both pc and mobile devices. Additionally, you can download apps from their website, apple app storeandgoogle play store. All apps and web version are completely free to download and access.

OctaFX Deposits and Withdrawals

The broker offers flexible payment options for their clients. They accept a wide range of payment options, including local and global. In addition, they get both crypto and fiat currency payments. Traders are eligible to use Skrill, Neteller, debit cards, credit cards, cryptocurrency and Bitcoin.

The offers commission-free deposit and withdrawal, and there are no hidden charges. The deposit and withdrawal processing times are faster, but it may take up to 30 minutes to process deposits through bitcoin and cryptocurrency. The withdrawal time is up to 3 hours for every gateway.

Promotions and bonuses

This forex broker is well known for a different type of bonuses. The provides fantastic bonuses such as welcome bonus, deposit bonus and contests. They regularly offer a 50% deposit bonus on every deposit and superb competitions which prizes are cars, iPhone, trips and more.

Client support

OctaFX is a popular forex broker for good client service. They provide 24/7 client service on the market days. They provide client support via different mediums. Clients can get support via live chat, contact form, telegram and a few supports via social media. The contacts are:

Also, there is a FAQ section on their website covering all common question answers, including the company, payment options, account options, etc.

‘OctaFX is a trusted experienced global broker that offers a user-friendly platform and a wide selection of trading instruments. OctaFX acts in full compliance with international legislation and regulation standards and guarantees fund security and negative balance protection to over 6.6 million trading accounts worldwide.’The OctaFX Trading App and the OctaFX Copytrading App are cherished by investors and traders for their intuitive interface—proven by corresponding awards and users' reviews in Google Play.

 

OctaFX Review: Is OctaFX a Good Broker?

OctaFX has been active since 2012. It runs as an ECN/STP broker (independent broker).

Is OctaFX safe? Regulation and licences

OctaFX is regulated by CySEC (Cyprus), SVG FSA (Saint Vincent and the Grenadines). Your protection level depends on which entity opens your account, so check the entity name during registration. OctaFX does not accept residents of the USA.

OctaFX accounts, spreads and minimum deposit

You can open a live account from $100 with EUR, USD, GBP, SEK, DKK, ZAR, NOK, PLN, AUD, AED, CZK and More base currencies and trade from 0.01 lots. Spreads on EUR/USD start from 0.0 pips, with leverage up to 1:500 for eligible clients. Swap-free (Islamic) accounts are available. Want to start without risking your own money? See our updated list of forex no deposit bonus offers.

OctaFX trading platforms: MT4 & cTrader

OctaFX supports MetaTrader4, MetaTrader5, cTrader, MT4 WebTerminal, MT4 Android, MT4 iPhone Trader, MT4 iPad Trader, MT4 MultiTerminal, WebTrader, AutoTrade. Scalping, hedging, Expert Advisors are permitted. To see how OctaFX stacks up against other brokers, use our forex brokers comparison.

OctaFX pros

  • Licensed by 2 regulators
  • Low $100 minimum deposit
  • Spreads from 0.0 pips on EUR/USD
  • MT4 & cTrader trading platforms
  • Scalping, hedging and EAs allowed
  • Free demo account
  • Swap-free accounts available
  • Regular bonus promotions

OctaFX cons

  • No accounts for U.S. residents
  • Bonus availability varies by region
  • High leverage increases risk of loss

How to Open an OctaFX Account

  1. Register. Click Open Live Account and fill in your name, email and country.
  2. Verify your identity. Upload a passport or national ID and a recent proof of address.
  3. Choose your account. Pick the account type, base currency and leverage that suit your strategy.
  4. Fund your account. Deposit from $100, then download MT4 or cTrader and start trading.

OctaFX Frequently Asked Questions

Is OctaFX a regulated broker?

Yes. OctaFX is regulated by CySEC (Cyprus), SVG FSA (Saint Vincent and the Grenadines). The licence that applies to you depends on your country of residence.

What is the minimum deposit at OctaFX?

The minimum deposit at OctaFX starts from $100, depending on the account type and payment method.

What is the maximum leverage at OctaFX?

OctaFX offers leverage of up to 1:500 for eligible clients. Lower limits can apply under some regulators.

Does OctaFX accept US clients?

No. OctaFX does not accept clients who are residents of the United States.

Which trading platforms does OctaFX offer?

OctaFX offers MetaTrader4, MetaTrader5, cTrader, MT4 WebTerminal, MT4 Android, MT4 iPhone Trader, MT4 iPad Trader, MT4 MultiTerminal, WebTrader, AutoTrade.

What bonuses does OctaFX offer?

Current OctaFX promotions include 50% Welcome Bonus. Each offer has its own terms and eligible regions.

!Risk warning: Trading leveraged products such as forex and CFDs carries a high level of risk and may not be suitable for all investors. You could lose more than your initial investment. Information on this page is provided by FXNewBonus for comparison only.