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OCTAFX FOREX REVIEW

Start Trading Your capital is at risk

Basic Info

Company Name: Octa Markets Incorporated
Founded: 2011
Country: Saint Vincent And Grenadines
Phone: +44 20 3322 1059
Regulators: FCA
Funding Methods: Credit card, Debit Card, Bank Wire transfer, Neteller, Moneybooker Skrill, Bitcoin
Platforms: cTrader, MetaTrader 4, MetaTrader 5
Minimum Deposit: $5

Screenshot

Screenshot

Funding Methods

Deposit Options: bank wire transfer, Bitcoin, credit card, Debit card, Moneybooker Skrill, Neteller
Withdrawal Options: bank wire transfer, Bitcoin, Moneybooker Skrill, Neteller

Hits and Misses

  • Fast deposit and withdraws
  • Whatsup support
  • Asian Focus
  • No EEA Traders

OctaFX

OctaFX – An Award-Winning Broker

OctaFX is a leading online forex and CFD-broker, established in 2011. The brand is owned by Octa Markets Incorporated, which is registered on the Caribbean islands of Saint Vincent and Grenadines. By making use of the latest technology, OctaFX delivers a high-quality broker service to customers from over 100 countries around the world.

Their operations are in accordance with international regulatory standards and laws. OctaFX aims to achieve the satisfaction and trust of every customer they serve by fulfilling all trading needs and requirements.

If you prefer trading with a broker, who can prove how outstanding it is with an award or two, then you have come to the right place. OctaFX has been recognised as “Best ECN Brоkеr іn Aѕіа – 2014” аnd the “Best Forex ECN Broker 2017”. If you visit their homepage, you might be content with the fact that this broker has won no less than six different awards from 2012 through 2017.

With OctaFX you get tight spreads, fast execution, no slippage, as well as no re-quotes. According to the broker’s statistics, more than 99% of all transactions are executed in less than a second. The available trading offers consist of the major currency pairs, stocks, indices, cryptocurrency, as well as silver and gold.

Reliability

When choosing a broker, there are some questions that are of greater importance than others. The broker’s reliability is certainly an important one. The first thing you should do is to look at the licenses a broker holds if any. OctaFX has several of these. The first and most important one is from the Brіtіѕh Financial Conduct Authоrіtу (FCA). This allows the company to operate in the UK.

Their second license comes from the authorities in Saint Vincent and the Grenadines, where the company is located. This license gives OctaFX authorisation to offer trading services. OctaFX is also regulated by FSA, the Cаrіbbеаn Financial Services Authority.

Safety

When it comes to protecting client’s funds, OctaFX complies with strict industry standards. Thus, creating a safe trading environment. When you deposit money, it will be kept in a separate bank account. This ensures that your money can’t be used for other purposes by the broker.

In times with extreme fluctuations, OctaFX provides you with protection from negative balance. This means that you don’t have to pay under these circumstances. Last, but not least, they use the latest encryption technology, so that all your information is always safe.

A Long List Of Awards

As mentioned earlier, the broker has received several awards for its services. It has been named “The Fastest Growing Micro Forex Broker”, won the title as “Best Customer Service Broker Asia – 2013”, and been nominated as “Outstanding Contribution to the FX Industry”. These, as well as several other nominations and awards, are a good sign that this broker offers a service that is both regulated and of high quality.

Unique Features – Flexible Trading Environment And Bonuses

OctaFX offers a flexible trading environment, and a variety of tools that can help traders to make a profit on their investment. A trader who keeps a keen eye on his costs will find that OctaFX is eager to reduce its costs so that its traders can earn more.

The OctaFX-team consists of administrators, analysts and market experts, that are top of their field. This way the broker ensures that its traders are provided with the best services. To make sure that every trader, from beginner to expert, stay on top of the game, OctaFX offers educational tools for all levels. The material includes instructional videos, e-books and webinars. The user-friendly webpage is available in multiple languages.

Bоnuѕ & Prоmоtіоnѕ

It’s hard to find those who don’t appreciate a good bonus or a chance to receive some benefits. OctaFX knows this and provides its traders with rewards and promotions.

When trading on MetaTrader and CTrader platforms, you can receive different deposit bonuses. To claim a bonus, you must verify your trading account and make a minimum deposit. The best part is that you can claim a deposit bonus each time you make a deposit. There is a trading volume requirement attached to the bonuses, but you can take the time needed to fulfil them.

Each month the broker arranges a competition called Demo Chаmріоn Cоmреtіtіоn. Here, traders can win up to $500. Each round last for four weeks and even last place is awarded a $100 prize.

CTrаdеr Wееklу Chаmріоn is yet another promotion hosted by OctaFX. The prize pot is divided like this:

  •         1ѕt рlасе receives $150
  •         2nd рlасе receives $100
  •         3rd place receives $75
  •         4th place receives $50
  •         5th рlасе receives $25

The broker also hosts its own loyalty program. Through this, you will receive a commission whenever you invite others to open an account with OctaFX. You will also receive a portion of these traders’ profit.

More Than 200 Financial Instruments To Trade

Let’s talk trade. OctaFX allows you to trade on more than 200 different financial instruments. These are divided into six groups, where Forex is one of them. You will find more than 50 different currency pairs available for trading. The spreads are starting at 0.4, and the offered leverage goes up to 1:500.

If you are interested in cryptocurrencies, you will be pleased to learn that OctaFX has listed many of the most popular ones. You are, therefore, able to trade with the likes of Bitcoin and Ethereum, to mention two of the most famous cryptocurrencies on the market.

You can choose between 3 types of accounts, Micro, Pro and ECN. The difference in these accounts is mainly about the minimum deposit, allowed leverage, as well as spread.

Trading Software – Choose Between 3 Platforms

OctaFX offers you 3 different platforms to trade on. These are:

  •         Thе MеtаTrаdеr 4 рlаtfоrm
  •         The MetaTrader 5 рlаtfоrm
  •         Thе CTrаdеr platform

The MetaTrader 4 platform is widely popular throughout the trading industry. It supports automated trading and offers you a wide range of trading tools. This platform is available in no less than 4 versions:

  •         MetaTrader 4 Dеѕktор
  •         MetaTrader 4 WebTrader
  •         MеtаTrаdеr 4 Andrоіd
  •         MеtаTrаdеr 4 iOS

The cTrader platform is also a popular choice. On this platform you can make use of tools like trading volume and market platform.

Mobile Trading – Trading On The Go

OctaFX gives you the opportunity to trade using your smartphone. All the platforms are suitable for trading on the go. You can execute orders, modify them, control charts and use technical indicators. You will also be able to follow up on all the latest market developments at any time. Mobile trading is supported by all operating systems, like Andrоіd, iOS and BlackBerry.

Withdrawals And Deposits – Also Possible With Bitcoin

OctaFX offers you multiple ways to make your deposit and withdrawals. These options include, bank transfer, credit cards and a selection of e-wallets. It is also one of the few companies that allow traders to make withdrawals and deposits using Bitcoin.

There are no added commission on deposits or withdrawals. The minimum deposit is $5. To make the payment process more secure, OctaFX requires that you withdraw money through the same method you used for deposit.

Outstanding Customer Support 5 Days A Week

OctaFX is a broker that takes its clients seriously, and, therefore, they provide Customer Support 24 hours a day, five days a week. Help is available in 12 different languages. You can reach Customer Support through live chat, email or by calling them. Your inquiries are answered within a maximum of 7 seconds. That’s is quite impressive when you learn that they handle more than 2000 calls every day.

This broker also has a humanitarian side and sponsors several activities in many in many different fields, such as education and health. It also aids several philanthropic institutions. This means that by trading through OctaFX, you support essential charitable organisations that help those in need.

To Sum It Up

Looking back to the OctaFX’s record of achievements and the services it provides, as well as the awards it has received throughout the years, we can say that this is a broker to count on. It offers you all the currency pairs, as well as cryptocurrency, and you can do your trading from 3 different platforms. All of them are widely popular throughout the Forex industry.

You can also trade on the go, which is a great plus. Then you don’t need to miss out on an opportunity just because you are sitting on a bus or waiting for your dentist appointment.

What makes OctaFX even more interesting as a broker, is the fact that it spices up your time with it by offering bonuses and competitions. It also rewards you for referring friends. This means that there are more ways to earn money.

If you want to start Forex trading, you should take the time to visit its website and take a closer look for yourself. You are also welcome to open a free demo account. This way you can see all the services this broker has to offer.

Start Trading

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