Octafx.

In octafx, minus more than the deposit amount does not occur. The zero cut system is adopted.

Top-3 forex bonuses

Maximum leverage 500 times！ For FX 「octaFX」, octafx..

Therefore, even beginners can trade with confidence. Only now, we offer a special campaign for a limited time only for those who open an account for the first time.
After opening a new account, you will get a 50% deposit bonus every time you deposit.

Maximum leverage 500 times！
for FX 「octafx」

Deposit bonus 50%

Special campaign for new customers

Only now, we offer a special campaign for a limited time only for those who open an account for the first time.
After opening a new account, you will get a 50% deposit bonus every time you deposit.

Low spread

Reliable FX broker

Bonus per transaction

With zero cut system

Prepare your own platform

Equipped with original platform

Only now, we offer a special campaign for a limited time only for those who open an account for the first time.
After opening a new account, you will get a 50% deposit bonus every time you deposit.

Why choose octafx?

Many customers choose octafx for a reason.

Set low spread

Because octafx has a low spread, traders can trade on superior conditions. Please use octafx by all means if you choose at a low fee.

Safe thanks to the zero-cut system

In octafx, minus more than the deposit amount does not occur. The zero cut system is adopted. Therefore, even beginners can trade with confidence.

Various brands are available

Octafx can trade not only foreign exchange but also products such as stock indices and oils. You can choose your investment from a wide range of options.

Financial license holder

Octafx has a financial license, so you can trust it.

Octafx holds the「"saint vincent IFSA license # 19776IBC2011」.|terms of service

Octafx is completely owned by "octafx"

【RISK WARNING】forex and CFD trading has a very high risk of losing investment. Please read and understand the risk disclosure carefully. Because octafx is not under the supervision of JFSA (japan financial services agency), it does not engage in any activities that may be considered as offering financial products or soliciting financial services, and this website is not intended for residents of japan.

Metatrader 4 free trading software

Download metatrader 4 for all device versions

Download metatrader 4 on your phone

Metatrader 4 web-platform

MT4 web platform allows you to trade from any browser on any operating system with a well-known interface of a desktop platform. All major tools are available including one click trading and chart trading.

Metatrader 4 desktop

Metatrader 4 is highly customisable. It includes charting tools, market indicators, scripts and eas, advanced risk management, real time market execution and more.

Metatrader 4 android

Enjoy a complete set of trade orders, trading history, interactive charts and the widest variety of supported devices - all that is metatrader 4 for android. Wherever you are and whatever you do, forex will always be with you!

Metatrader 4 ios

Widespread trading software is now available for your iphone/ipad. Login to your account and have the opportunity to trade on metatrader 4 from anywhere in the world via your ios device.

THE MOST POPULAR FOREX TRADING PLATFORM

Metatrader 4 (MT4) provides robust technology and high security to enable traders to choose forex or CFD positions without worrying about the stability of the platform. It offers instruments to follow price fluctuations, identify trend patterns through charts and graphs, and also deploy automated trading techniques to manage trades.

Why choose metatrader 4?

This electronic trading platform is used by new and experienced traders alike. It’s trusted by individual traders as well as large introducing brokers and trading companies. It offers excellent trading and analytical tools, and is flexible enough to implement simple as well as highly complex trading strategies. The platform supports trading in forex, cfds and cryptocurrencies.

At octafx, we provide our clients with the MT4 platform to enable them to carry out their trading activities efficiently and with complete peace of mind. We also offer educational material, as well as MT4 demo accounts, so they can practice risk-free trading.

Easier trading with metatrader 4

Flexibility: there are several choices of currency pairs to trade in, as well as cryptocurrencies and cfds.

User-friendly: MT4 has a user-friendly interface that is suitable for traders of all levels.

Customisation: develop your own expert advisors (eas) and technical indicators on metatrader 4, to match your trading needs and practices. Windows and charts can be arranged for each profile according to your preferences.

Efficiency: MT4 doesn’t slow down the performance of your PC or mobile, keeping disruption to a minimum.

Charting tools: advanced charting tools help analyze the technical aspects of the market.

Expert advisors: trading robots enable the automation of trades and access to the platform’s algorithmic trading benefits.

Language: the platform is available in multiple languages.

Learn how to start forex trading in 4 easy steps
learn how to start trading on MT4

Metatrader 4 offers enhanced security

The MT4 platform offers the highest security standards to protect traders’ funds. The client terminal and platform servers exchange data through encrypted servers, and the platform uses RSA digital signatures. Your IP address also remains protected.

Moreover, alongside metatrader 4 security, octafx provides it’s own measures taking fund security to the next level:

Segregated accounts: as per international regulatory standards, octafx keeps customers' funds separate from the company's balance sheets.

SSL-protected personal area: customers’ personal data and financial transactions are protected with 128-bit encryption, making browsing safe and client data inaccessible to any third party.

Account verification: octafx encourages customers to verify their account by submitting a personal ID scan and proof of address to ensure transactions are authorised and secured.

Secure withdrawal rules: withdrawals require email confirmation and customers are encouraged to use the same payment details for both deposits and withdrawals.

3D secure visa authorisation: 3D secure technology is used for processing credit and debit cards.

Advanced protection: octafx ensures the technical environment is monitored 24/7 by a dedicated team of security engineers and technical specialists.

Metatrader 4: OS and device compatibility

Metatrader 4 is available as a web platform that’s compatible with windows, linux and mac OS. MT4 can also be accessed from a smartphone or tablet, whether it has an ios or android operating system. Trade anytime and anywhere, and have access to trading information 24 hours a day, even while you’re traveling or on vacation. It is super-easy to download and install the terminal on any compatible device.

Metatrader 4: trade execution modes

An order is an instruction to perform a trade. There are three trade execution modes on the MT4 platform:

Execution by market: your order opens a position at the latest price, even if there’s a deviation from what is visible on the platform. This results in much faster execution of orders, as it doesn’t involve requotes. *
* supported by octafx

Instant execution: the system tries to execute your order using the current price on the platform. If the exchange rate changes while the order is being processed, a requote option becomes available, which the trader can accept or reject.

Execution on request: prices are requested before the order is placed. Once the exchange rates come in, order execution can be confirmed or rejected.

Metatrader 4: сharting tools for technical analysis

Metatrader 4 offers advanced charting capabilities to determine entry and exit points with technical analysis, which uses historical price and volume data to help make predictions. It’s also possible to send trading orders straight from the chart.

By default, MT4 opens with four charts, each representing a unique currency pair. On the left of the charts is the market watch window, with two tabs. The symbols tab shows a list of currency pairs with their bid and ask prices, while the tick charts tab shows the real-time price activity of chosen currency pairs. Below this is the navigator window, where traders can view their account(s), indicators and expert advisors.

The appearance of the charts can be customised. Each currency pair on the chart can be seen in nine different timeframes (including one minute, five minutes, one hour, daily, weekly, monthly). Graphical objects can be included in the charts, such as shapes (rectangle, triangle, ellipse), arrows and text.

Trade with a regulated broker that adheres to placing clients' asset protection at the forefront.

Octa markets cyprus ltd offers spot forex and contracts for differences (cfds) on assets including equity indices, spot metals and commodities. Octa markets cyprus ltd offers easy-to-use platforms such as metatrader 5 and ctrader.

Octa markets cyprus ltd is authorised and regulated by the cyprus securities and exchange commission (cysec) with license №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)

Explore our platforms

Trading platforms are designed to enhance your trading experience. Access your trading account via mobile and desktop platforms.

Metatrader 5 and ctrader trading platforms are carefully designed to meet your trading needs.

Mobile and desktop trading on demo accounts

Trade markets with unlimited virtual funds. Test our trading platforms and your trading strategies with no risk involved by opening a demo account.

Octa markets cyprus ltd security

Negative balance protection

Octa markets cyprus ltd notice

As an EU member state resident you are currently viewing the website www.Octafx.Eu operated by octa markets cyprus ltd with registration number HE359992. Octa markets cyprus ltd is authorized and regulated by the cyprus securities and exchange commission (cysec) with license number 372/18. The registered office of octa markets cyprus ltd is in the republic of cyprus. The account(s) you may open on this website will be opened with octa markets cyprus ltd.

The website is the property of octa markets cyprus ltd.

A comparison of commissions: octafx, pepperstone & cityindex

When picking an online broker to invest with, you’ll want to take a close look at their fees, charges and commissions. Some brokers offer a zero-commission model, which sounds like a big positive, but brokers have to make money somehow. A no-commission broker generally takes a profit from the spreads, and might also levy other account charges.

Take the time to check commission charges carefully when you’re making a broker comparison. Today we’re comparing commissions at three popular online brokers: octafx, pepperstone and cityindex.

Octafx

Octafx offer a commission free model when you trade with them using their MT4 and MT5 platforms. This means you don’t have to worry about commission charges on these platforms, but do keep an eye on the spreads. As already mentioned, that’s how you pay your broker fees, when you trade commission free.

Octafx do charge commission when you trade using their ctrader platform. Trading commission on ctrader is USD0.03/0.01 lot for most major forex pairs such as EUR/USD and GBP/USD. Remember, there will also be spreads to consider, alongside the commission fee, so factor all costs in to avoid any unpleasant surprises.

Pepperstone

At pepperstone, commission charges depend on the type of account you open, the platform you use, and what you are trading. With the standard account, there are no commissions. With the razor account, you will pay a small commission, which will be reflected in the fact that spreads will generally be considerably lower. In fact, pepperstone boast that during times of high liquidity, spreads can go as low a 0 pips with your razor account, on many popular forex pairs.

The razor account, however, charges a set commission fee of $3.50 for each standard lot that you buy, and a further $3.50 when you sell. This is calculated pro-rata for those trading mini lots or micro lots. Pepperstone, like octafx, also charge a commission when you trade with ctrader (as opposed to using the MT4 and MT5 platforms). The ctrader commission is charged at 3.5% of the base currency being traded.

Cityindex

With cityindex, commissions will again depend on a number of factors. This broker operates a commission free model on most contracts for difference (cfds), forex trading and spread betting. With these instruments, broker profits will be taken from the spreads.

They do, however, charge a commission on CFD equities, which vary by market. For most UK and european equities, there is a 0.08% commission, and for most asian equities it is 0.2%. There is variation between equities, markets and platforms, so it is important to check commission rates within the market information sheets which can be found on each trading platform.

Things to remember

We hope you found our comparison of commission fees helpful, but remember commissions are just one type of fee, and it’s important to assess all the costs you’re likely to incur with any online broker. Factor in the spreads on top of commission fees, where necessary, and also look for other hidden fees such as administration, inactivity or withdrawal fees.

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Your next move…

Find your broker trading carries risk. There is no getting away from that. Making the right choice of broker and platform will help you trade better and combined with experience, tools, research and a helping of luck your trading adventure could take you places you only ever dreamed of.

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Nothing on this site constitutes advice or a recommendation – you use the site and its contents at your own risk. Trade wisely. Spread bets and cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading cfds.

Octafx review and tutorial 2021

Go to the brokers list for alternatives

Octafx offers multi-asset trading on a range of platforms and mobile solutions.

Octafx offers leveraged trading on currencies.

Trade popular digital currencies at octafx.

Octafx is a forex, CFD and copy trading broker offering the MT4, MT5 and ctrader platforms. In this broker review, we’ll login to the personal area and uncover the key features, including leverage, demo accounts, regulation and more. Read on to find out if octafx is a good forex broker or not.

Octafx details

Octafx was established in 2011. The company’s headquarters are located in saint vincent and the grenadines, with an additional support office in jakarta, indonesia. The broker’s EU entity, octa markets cyprus ltd, is located in limassol, cyprus, and is regulated by the cysec.

With over 1.5 million trading accounts and a long list of forex industry awards, the founder and owner has ensured the company has amassed a global reach.

Trading platforms

Metatrader 4

The MT4 platform is a trusted software used by both individual traders and institutions, due to its ease of use and flexibility.

The platform allows you to develop your own expert advisors and technical indicators to suit your trading style. In addition to the 30 in-built technical indicators, advanced charting tools allow you to analyse price fluctuations and trends in the market, using 3 customisable chart and graph types.

Note that MT4 is currently only available for non-EU clients.

Octafx metatrader 4

Metatrader 5

MT5 is the next-generation platform that offers all the benefits of its predecessor but with additional speed, accuracy and more advanced features.

Users enjoy 8 types of pending orders, 44 analytical objects including gann and fibonacci retracement, plus additional technical indicators which are unique to MT5, such as trend oscillators and bill williams’ tools. There’s also an economic calendar as well as two major accounting modes for greater flexibility: hedging and netting.

Both platforms come in several languages, including english, arabic and hindi, and are compatible with windows pcs. Octafx provides a useful download guide on the website.

Octafx metatrader 5

Metatrader webtrader

For those using mac pcs, octafx also offers the web terminal version of MT4 and MT5, meaning traders can access the markets straight from an internet browser.

The web platforms are highly functional and customisable, boasting the same features found in the desktop versions, including charting tools, market indicators, scripts and expert advisors, plus access to diverse order types and execution modes.

Ctrader

The ctrader platform is a robust system designed for forex and CFD trading. The platform includes over 26 in-built chart views and up to 50 chart templates on a fully customisable interface. The platform boasts an impressive suite of 70 technical indicators and 28 chart timeframes, plus advanced level scalping and visual back-testing using cbot. With full market depth, traders can also execute advanced online trading strategies as well as programmable algorithms.

The ctrader platform is ready to download from the website once you have completed the registration process. The ctrader web terminal is also available for macos users.

Octafx ctrader

Markets

Octafx offers some of the most popular products, including:

Forex – 28 currency pairs including EUR/USD and USD/JPY

Indices – 10 CFD indices available such as US30 and NASDAQ

Commodities – including spot gold and silver contracts, plus brent and crude oil

Cryptocurrencies – 3 major digital currencies available; bitcoin, ethereum and litecoin

Trading fees

Typical variable spreads for EUR/USD are around 0.7 pips in both the metatrader and ctrader platforms. Gold spreads (XAUUSD) start from around 2 pips and major indices such as NAS100 are around 3.5 points. Bitcoin spreads (BTCUSD) are around 3.1 pips. Fixed spreads are also available for MT4 USD accounts.

Trading commissions are only charged in the ctrader account, at 0.03 USD per 0.01 lots. There are also rollover rates applied on positions held over 3 days. Details of these fees are listed in the product specifications.

Leverage

Octafx offers generous leverage limits up to 1:500 for currencies in the MT4 and ctrader accounts. Leverage in the MT5 account is available up to 1:200 on currencies. Metals can be leveraged up to 1:200, indices and energies up to 1:50, and cryptocurrencies up to 1:2.

Note that EU clients can only trade with leverage up to 1:30.

Mobile apps

Octafx delivers mobile app versions of the MT4, MT5 and ctrader platforms, available for iphone and android devices. The apps offer many of the essential features found in the desktop applications, including a complete set of orders in metatrader and full balance, margin and P&L information in ctrader. All trading apps come with a customisable mobile interface with clean and accurate trading functions, as well as custom mobile price alerts.

Octafx MT4 mobile app

Octafx (non-EU) also offers a downloadable proprietary copy trading mobile app, currently available only on android (APK) devices. The app allows you to manage and keep track of trading accounts whilst on the go. Users can also activate bonuses, access trader tools and deposit into their accounts. The app download process is quick and can be accessed from the google play store.

Octafx mobile app

Payment methods

Octafx offers a few fast funding methods which vary depending on your origin country, including bank cards, perfect money and bitcoin. Local bank transfers are also available for traders from certain countries, including thailand, india and nigeria.

The minimum withdrawal and deposit amounts are 5 USD for perfect money, 0.00096000 for bitcoin and 50 EUR for cards. All deposits methods are generally processed instantly or within a few minutes.

There are no commissions charged on deposits, withdrawals or currency exchange rates, except for 0.5% on perfect money deposits. The withdrawal time for all methods is 1 to 3 hours to approve and up to 30 minutes to transfer the funds. There is no withdrawal limit on earnings.

Demo account review

Octafx traders can open a demo account which provides the same trading experience as a live account but without risking any real investment. Each demo account is loaded with unlimited demo dollars and opportunities to participate in the broker’s demo contest to be one of the next champions. You can sign up for a free demo account in just a few minutes.

Octafx (non-EU) offers several deposit bonus deals, including a 50% bonus and a 100% bonus during special offer periods. In addition, there’s the trade & win promotion where traders can win gifts such as octafx t-shirts or gadgets. There are also contest opportunities, including the octafx 16 cars contest where traders are entered into a car prize draw every 3 months, as well as the champion demo contest 2020 for MT4 users.

Make sure to check all bonus terms and conditions before participating.

Regulation review

Octa markets cyprus ltd is authorised and regulated by the cyprus securities and exchange commission (cysec), under license number 372/18. EU member state residents are therefore protected by strict regulatory standards, including segregated client accounts and protection by the investor compensation fund.

The non-EU entity also claims to provide segregated client accounts to protect trader funds, as well as negative balance protection which ensures that trader account balances never fall below zero.

Additional features

Traders benefit from a range of additional education features and trading tools at octafx, including video tutorials and webinars, plus regular forex market insights and news. The brokerage also offers profit and margin calculators, as well as a forex signal service with the autochartist plugin and live quotes.

Octafx also offers a copy trading service, which is available on the desktop terminal and through the android mobile app. The copy trading services allows clients to automatically copy leading traders based on the equity and leverage of both the master trader and the copier’s accounts.

Octafx economic calendar

Account types

There are 3 account types available at octafx, which are determined by the trading platform you are using: micro (MT4), pro (MT5) and ECN (ctrader). Accounts are available in USD or EUR. The minimum trade volume across all accounts is 0.01 lots and there is no maximum.

The main differences between the accounts is the assets available to trade, the spreads and the minimum deposit amounts. The micro and ECN minimum deposit is 100 USD. The minimum deposit in the pro account is 500 USD. Commissions are also charged in the ECN account.

Account opening is easy and requires the submission of ID documents in line with KYC requirements. In most cases, if your documents are submitted clearly, verification should only take up to 3 hours.

There is also an islamic swap-free account for those worried about whether trading is haram or halal. Note clients from the united states are not accepted at octafx or octa markets cyprus ltd.

Benefits

Traders enjoy several benefits when trading with octafx vs the likes of FBS, IQ option and exness:

Metatrader and ctrader platforms

Bonuses and contests (non-EU)

Commission-free trading

EU regulation

Drawbacks

Compared to other brokers such as hotforex, XTB and olymptrade, octafx does fall short in some areas:

Not FCA regulated

Limited funding methods

Zero pip spreads unavailable

No copy trading on ios devices

Trading hours

Trading times in the MT4 and MT5 platforms are 24/5, from 00:00 on monday to 23:59 on friday server time (EET/EST). The ctrader server time zone is UTC +0, though you can set other time zones, such as GMT, for charts and trading information.

Customer support

For telephone support, non-EU clients can contact the helpline, +44 20 3322 1059, between 00:00 and 24:00, monday to friday (EET). For EU clients, the number to call is +357 25 251 973 between 09:00 and 18:00, monday to friday (EET).

There is also an email form, however, the fastest way to get in touch is via the 24/7 live chat service, which you can access by clicking on the chat logo at the bottom of the website. The support team are helpful if you need to know your withdrawal pin, any platform problems, VPS questions, or you want to delete an account.

In addition, you can find updates on the broker’s social media pages, as well as the octafx youtube channel.

The broker’s head office addresses are:

Octafx, suite 305, griffith corporate centre, beachmont, kingstown, st vincent and the grenadines

Octa markets cyprus ltd, 1 agias zonis and thessalonikis corner, nicolau pentadromos center, block: B’, office: 201, 3026, limassol, cyprus

The broker’s website is available in a number of languages for clients from indonesia, malaysia, pakistan and india.

Security

Octafx uses 128-bit SSL encryption and PIN codes in the personal area and trading platforms, which is the industry-standard security requirement for protecting personal data. The broker also applies 3D secure visa authorisation when processing credit and debit card transactions.

Octafx verdict

Octafx offers a promising trading service for novices and experienced traders, with a choice of metatrader or ctrader platforms as well as the copytrading app. The broker offers fee-free deposits and withdrawals, plus islamic accounts and a demo solution. The ECN spreads are also decent, though not as competitive as the zero spread accounts offered at other brokers like XM, for example.

Accepted countries

Octafx accepts traders from australia, thailand, canada, united kingdom, south africa, singapore, hong kong, india, france, germany, norway, sweden, italy, denmark, united arab emirates, saudi arabia, kuwait, luxembourg, qatar and most other countries.

Traders can not use octafx from united states.

Is octafx a legit company and regulated broker?

Octafx is a legit company registered in saint vincent and the grenadines. The EU entity is registered in limassol, cyprus and regulated by cysec. If you’re unsure whether a broker is a scam or legit company, you can always check out customer reviews online.

Is octafx a market maker?

No, octafx is a no dealing desk (NDD) broker and therefore acts as an intermediary between the trader and the real market. Octafx receives commissions from its liquidity providers for each transaction.

How do I delete my octafx account?

To delete your account, you will need to get in touch with the customer support team. Note accounts are automatically deactivated if you never deposit or sign in to them.

How do I open a copytrading account at octafx?

You can sign up and login to the copytrading account in a few easy steps. Once you login to your personal area, you can set up your copytrading profile and make a deposit to your wallet. You can also sign in to your new account using the android app.

Why was my octafx withdrawal rejected?

If you encounter a withdrawal problem, you will receive a notification in your email explaining the issue. Alternatively, if you need to cancel a withdrawal, you can do this within your personal area.

Does octafx offer any free bonus deals?

At the time of writing, octafx is not offering any free bonus deals, no deposit bonus deals or promo codes. There are other promotions available for non-EU clients. Make sure to check the bonus conditions before participating.

Is octafx legal in india and pakistan?

Yes, you can legally open an octafx account from 100 countries, including india, pakistan, singapore, ghana and the UAE.

Octafx review and tutorial 2021

Go to the brokers list for alternatives

Octafx offers multi-asset trading on a range of platforms and mobile solutions.

Octafx offers leveraged trading on currencies.

Trade popular digital currencies at octafx.

Octafx details

With over 1.5 million trading accounts and a long list of forex industry awards, the founder and owner has ensured the company has amassed a global reach.

Trading platforms

Metatrader 4

The MT4 platform is a trusted software used by both individual traders and institutions, due to its ease of use and flexibility.

Note that MT4 is currently only available for non-EU clients.

Octafx metatrader 4

Metatrader 5

MT5 is the next-generation platform that offers all the benefits of its predecessor but with additional speed, accuracy and more advanced features.

Both platforms come in several languages, including english, arabic and hindi, and are compatible with windows pcs. Octafx provides a useful download guide on the website.

Octafx metatrader 5

Metatrader webtrader

For those using mac pcs, octafx also offers the web terminal version of MT4 and MT5, meaning traders can access the markets straight from an internet browser.

Ctrader

The ctrader platform is ready to download from the website once you have completed the registration process. The ctrader web terminal is also available for macos users.

Octafx ctrader

Markets

Octafx offers some of the most popular products, including:

Forex – 28 currency pairs including EUR/USD and USD/JPY

Indices – 10 CFD indices available such as US30 and NASDAQ

Commodities – including spot gold and silver contracts, plus brent and crude oil

Cryptocurrencies – 3 major digital currencies available; bitcoin, ethereum and litecoin

Trading fees

Leverage

Note that EU clients can only trade with leverage up to 1:30.

Mobile apps

Octafx MT4 mobile app

Octafx mobile app

Payment methods

The minimum withdrawal and deposit amounts are 5 USD for perfect money, 0.00096000 for bitcoin and 50 EUR for cards. All deposits methods are generally processed instantly or within a few minutes.

Demo account review

Make sure to check all bonus terms and conditions before participating.

Regulation review

The non-EU entity also claims to provide segregated client accounts to protect trader funds, as well as negative balance protection which ensures that trader account balances never fall below zero.

Additional features

Octafx economic calendar

Account types

Account opening is easy and requires the submission of ID documents in line with KYC requirements. In most cases, if your documents are submitted clearly, verification should only take up to 3 hours.

There is also an islamic swap-free account for those worried about whether trading is haram or halal. Note clients from the united states are not accepted at octafx or octa markets cyprus ltd.

Benefits

Traders enjoy several benefits when trading with octafx vs the likes of FBS, IQ option and exness:

Metatrader and ctrader platforms

Bonuses and contests (non-EU)

Commission-free trading

EU regulation

Drawbacks

Compared to other brokers such as hotforex, XTB and olymptrade, octafx does fall short in some areas:

Not FCA regulated

Limited funding methods

Zero pip spreads unavailable

No copy trading on ios devices

Trading hours

Customer support

In addition, you can find updates on the broker’s social media pages, as well as the octafx youtube channel.

The broker’s head office addresses are:

Octafx, suite 305, griffith corporate centre, beachmont, kingstown, st vincent and the grenadines

Octa markets cyprus ltd, 1 agias zonis and thessalonikis corner, nicolau pentadromos center, block: B’, office: 201, 3026, limassol, cyprus

The broker’s website is available in a number of languages for clients from indonesia, malaysia, pakistan and india.

Security

Octafx verdict

Accepted countries

Traders can not use octafx from united states.

Is octafx a legit company and regulated broker?

Is octafx a market maker?

How do I delete my octafx account?

To delete your account, you will need to get in touch with the customer support team. Note accounts are automatically deactivated if you never deposit or sign in to them.

How do I open a copytrading account at octafx?

Why was my octafx withdrawal rejected?

Does octafx offer any free bonus deals?

Is octafx legal in india and pakistan?

Yes, you can legally open an octafx account from 100 countries, including india, pakistan, singapore, ghana and the UAE.

Cryptocurrency news at octafx: trading upgrades and new entries (BCH & XRP)

Right on time, if you consider the current cryptocurrency bull market and bitcoin itself, reaching an all-time high of $24,209 on 20 december 2020. Many altcoins have already had decisive price runs, whereas the blockchain community expects other altcoins to have theirs very soon.

After the american cryptocurrency ripple just had an impressive run, octafx deemed it the right time to add this crypto asset to its trading pool. Just to remind anyone who missed last month’s news: ripple jumped from the beginning of november to 25 november 2020, from $0.239 to $0.692: an increase of almost 300% in the course of merely twenty days.

The second entry is bitcoin cash. Brought to life in 2017 by a hard fork from the original bitcoin, it managed to assert its own position on the market. In the course of the last three years, it was trading in price ranges down from $75 and up to $4,355.

Both ripple, as well as bitcoin cash, will be available to trade on octafx via the platforms metatrader 4 and metatrader 5.

Another significant upgrade concerns the cryptocurrencies already in use at octafx, like bitcoin (BTC), litecoin (LTC) and ethereum (ETH): where there was leverage to trade them at the ratio of 1:2, soon the forex broker will introduce leverage of up to 1:10. A meaningful incentive to trade more actively with these new assets.

Octafx is a forex broker providing online trading services worldwide since 2011. It offers a state-of-the-art trading experience to more than 3.5 million traders. Octafx has won more than 30 awards since its foundation, including the best ECN broker 2020 award from world finance.

Octafx.

Language support: bengali, chinese, english, hindi, indonesian, malay, portuguese, spanish, thai

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Forex trading accessibility for everyone

Octafx - one of the best forex brokers on the market, for traders all round the world. Octafx offers access to CFD trading, commodity trading and indices trading with award-winning forex trading conditions. As well as access to the forex market, octafx offers a variety of promotions that can help you:

50% bonus on deposit

Negative balance protection

Why choose forex trading with octafx

Octafx forex broker ensures reliable forex trading conditions to provide traders of all skill levels with an opportunity to earn more. This is possible due to:

No commissions on deposits and withdrawals

No swaps

No slippage

No delays

Cryptocurrency news at octafx: trading upgrades and new entries (BCH & XRP)

ANI | updated: jan 05, 2021 14:17 IST

New delhi [india], january 5 (ANI/newsvoir): after having bitcoin (BTC), litecoin (LTC) and ethereum (ETH) on offer for some time, the forex broker octafx has decided to include some more. Bitcoin cash (BCH) and ripple (XRP) are the most recent entries.
Right on time, if you consider the current cryptocurrency bull market and bitcoin itself, reaching an all-time high of USD 24,209 on 20 december 2020. Many altcoins have already had decisive price runs, whereas the blockchain community expects other altcoins to have theirs very soon.
After the american cryptocurrency ripple just had an impressive run, octafx deemed it the right time to add this crypto asset to its trading pool. Just to remind anyone who missed last month's news: ripple jumped from the beginning of november to 25 november 2020, from USD 0.239 to USD 0.692. An increase of almost 300 per cent in the course of merely twenty days.
The second entry is bitcoin cash. Brought to life in 2017 by a hard fork from the original bitcoin, it managed to assert its own position on the market. In the course of the last three years, it was trading in price ranges down from USD 75 and up to USD 4,355.

Both ripple, as well as bitcoin cash, will be available to trade on octafx via the platforms metatrader 4 and metatrader 5.
Another significant upgrade concerns the cryptocurrencies already in use at octafx, like bitcoin (BTC), litecoin (LTC) and ethereum (ETH). Where there was leverage to trade them at the ratio of 1:2, soon the forex broker will introduce leverage of up to 1:10. A meaningful incentive to trade more actively with these new assets.
Octafx is a forex broker providing online trading services worldwide since 2011. It offers a state-of-the-art trading experience to more than 3.5 million traders.
Octafx has won more than 30 awards since its foundation, including the best ECN broker 2020 award from world finance.
This story is provided by newsvoir. ANI will not be responsible in any way for the content of this article. (ANI/newsvoir)

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.

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

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