Forex broker OctaFX

16.10.2020

Year of foundation

2011

Site

http://www.octafx.com/

Software

Metatrader 4, MT4 Mobile for Android/iPhone, cTrader, cTrader WEB, cAlgo

Payment systems

Plastic cards, bank transfer, Moneybookers, UnionPay, FasaPay, Neteller, Local banks

Affiliate program

Да

Rating

6.5

  1. Detailed review of the broker
  2. Trading conditions for traders
  3. Contact

OctaFX is an international broker working on the market since 2011. The company is focused on traders of the Asia-Pacific region. OctaFX provides comfortable conditions for trading in Forex, commodities, cryptocurrency markets.

The address is Suite 305, Griffith Corporate Center, Beechmont, Kingstown, St. Vincent and the Grenadines
Regulator

CySEC

License number: 372/18

Types of accounts Standard, Demo, Islamic account
Affiliate Program Yes
Deposit / withdrawal methods Wire transfer, Neteller, Skrill, Visa card, Bitcoin, Cryptocurrency
Software MT4, MT5, cTrader
First deposit bonus Yes
Demo account Yes
Spread from 0.6
Swaps Yes
Training Yes
Support languages Бенгальский, китайский, английский, хинди, индонезийский, малайский, португальский, испанский, тайский
Account currency EUR, USD
Minimum deposit $100
Automated trade Yes
Mobile application +
Leverage 1:500 - for currency pairs
1:200 - for gold and silver
1:50 - for gas, oil, CFD on Indices
1:10 - for cryptocurrencies
Customer Service 24/7, phone/email/online chat
Insurance against negative balance Yes

Detailed review of the broker

Trading servers and information processing systems OctaFX are located in many European and Asian countries. This allows the company to quickly provide investors with quotes and relevant data on the market situation in real time. OctaFX trading conditions are suitable for hedging and scalping, as well as for investments aimed at the long-term perspective.

 

Ratio of OctaFX scores

When compiling a review of the broker, we analyzed the reviews of traders. Investors note the availability of bonuses, most popular terminals, comfortable conditions for trading. The reasons for complaints are often the ill-conceived system of trade information presentation and insufficient number of investment instruments.

 

OctaFX reviews

Trading conditions for traders

OctaFX provides services to customers from Russia, but the official website of the broker does not have a Russian-language version. All popular assets and financial instruments are available to traders: cryptocurrencies, currency pairs, indices, CFDs, commodities. For all types of accounts, the minimum deposit is $100. The company offers a bonus program with contests, deposit bonuses and other incentives for traders for active trading.

The broker provides useful materials and tools for market analysis and forecasting:

  • economic calendar;
  • profit and trade calculators;
  • Forex news;
  • professional analytics.

One of the advantages of OctaFX is the ability to copy trades. To create a diversified and balanced portfolio traders can subscribe to an unlimited number of strategy providers. Clients who regularly make a lot of successful trades can pass into the category of masters and earn when their trades are copied by other platform users. 

OctaFX Benefits

  • A wide range of trading instruments and assets.
  • Availability of an official license.
  • Scalping and hedging.
  • Protection of personal accounts and personal information of clients via SSL-protocol.
  • Professional analytics and training materials free of charge.
  • Bonus program for new and returning customers.
  • Tight spreads.
  • Withdrawal of funds in fiat money or cryptocurrency.

Disadvantages of OctaFX 

  • Absence of some popular assets: stocks, ETFs.
  • Accounts in only two currencies.
  • A periodically changing list of deposit/withdrawal methods. 

Contact

Official website https://www.octafx.com/ 
Social media

Facebook

Twitter.com

Youtube

Instagram 

E-mail [email protected]
Phone +18558371853
Online Chat On the official website 

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