Octafx binary options

With $500 minimum deposit required, this account type is the most expensive one.

Free forex bonuses

Traders can use it on a metatrader 5 platform, and trade floating spreads starting at 0.2 pips. The selection of assets is more limited in quantity, but of greater quality: 8 currency pairs, 4 metals, 2 energies, 10 indices, and 3 cryptos. The margin call is 45%. Octafx also organizes different competitions for traders. You can win great prizes, sometimes even a car! Contests are usually organized by platform type, so you won’t be able to enter all of them. However, we find concerning that there are no terms and conditions for every contest. Traders should never enter a promotion or a competition they don’t fully understand or don’t have all T&C in written before they even enter.

Octafx review

Octafx is an unregulated broker that offers forex trading, demo accounts, and copy trading. They accentuate that they charge no fees for depositing and withdrawing and that they offer 3 different trading platforms traders can choose from. All this made us more than intrigued, so we decided to write an octafx review to help traders in south africa make their final decision on this broker. In octafx review, we will cover all important aspects of trading with this broker such as accounts, features, demo, bonuses, leverage, special offers, customer support, as well as fees and other factors that may affect trader’s liquidity. Read this review and you will find out a lot of useful information.

Octafx demo account

Octafx created three different paid account types and one free demo account for traders from south africa.

This account type requires $100 deposit. Traders with micro account can use MT4 platform and get access to 28 currency pairs, 4 indices, 3 cryptos, gold and silver. Also, the pay no commissions and can trade floating spreads (starting at 0.4 pips) or fixed spreads (0.2 pips). Octafx explains how this account is created with beginners and smaller investors in mind.

Pro account

With $500 minimum deposit required, this account type is the most expensive one. Traders can use it on a metatrader 5 platform, and trade floating spreads starting at 0.2 pips. The selection of assets is more limited in quantity, but of greater quality: 8 currency pairs, 4 metals, 2 energies, 10 indices, and 3 cryptos. The margin call is 45%.

ECN account

This account type also requires a minimum deposit of $100, but gives you a chance to use ctrader platform. The broker is advertising this account as one that gives traders “more transparency in pricing”. Floating spreads start at 0 pips and traders get access to 30 assets, but no cfds or cryptocurrencies.

Octafx also offers a free demo account. In order to get one, simply click the button on the website and you will be redirected to the online registration form. Fill out the form with basic data. The second step is providing more information, not only on you but also on the features of your demo. For example, you can choose your test platform and the amount of virtual money you want to be added to the demo. You can also choose some other features like fixed spreads and leverage. However, if you choose any of the metatrader platforms, you will also have to finish additional verification process.

We appreciate the fact that octafx added a free demo account to their portfolio, however, it can be a little bit complicated to figure all the steps, especially if you are a newcomer to the trading scene.

Tip: consider IQ option south africa instead – the best regulated broker for south african traders with a minimum deposit of only $10!

Octafx trading platform

As it can be seen on the accounts overviews, there are three different trading platforms. Traders can’t switch between platforms but must stick to one dedicated to their account type. The platforms are:

Ctrader

Octafx metatrader 4

This platform is among the most popular in the industry, and traders who already have some experience have probably encountered it before. It supports expert advisors, custom indicators, customizable charts, cfds trading, crypto trading, 9 timeframes and comes as web-based or desktop based.

Octa FX metatrader 5

This popular version of metatrader comes with a deposit of $500. It offers stop limit orders, has integrated economic calendar and one-click trading tools. Traders can enjoy 21 timeframes and a highly customizable trading platform.

ECN accounts are available with ctrader platform that offers level II quotes. Also, you can experience advanced chart trading, 26 timeframes, and one-click trading. Also, this platform can be easily accessed without any apps, directly from the mobile browser.

Octafx mobile trading

Octafx offers three platforms, but only one platform is accessible directly from the mobile browser – ctrader. Metatrader 4 and metatrader 5 require you to download special apps. Even though this is not the most convenient solution, metatrader apps are so popular that traders don’t mind this. Octafx south african traders can either download the app, or decide on another broker.

Octafx copytrading

Octafx review must state how this broker offers copy trading as well. Copy trading is type of trading where traders can copy trades placed by more successful traders. Unfortunately, in this case, traders must pay to copy trades. There is either a fixed fee or a revenue share. Also, some traders who are promoting their trades can offer you a 7-day trial. But even if you decide to use free trials to copy trades, you won’t be able to do it in the long run.

Octafx scam

Octafx customer support relies heavily on live chat. Traders can choose live chats for several specific countries: indonesia, malaysia, china, india, and pakistan. Also, you can talk to customer support in english, and there are also some specific categories of support depending on the issue. For example, if you need to verify your account, you have to select that specific category in the live chat. This allows traders to connect with the department they need. We did not receive any complaints about octafx scam.

Octafx doesn’t charge any fees for deposits or withdrawals, but that doesn’t mean there are no additional commissions that can add up before you realize.

Swap fee for trading on MT4 accounts

Fee for opened positions during weekend on ECN account

Fee for opening and closing positions on ECN accounts

Fee for keeping positions opened for longer than 3 days on MT5 account

Octafx offers up to 50% bonus for every deposit. Traders can choose whether they want a 10%, 30% or 50% bonus. It is important to know how bonuses don’t add up. When it comes to withdrawals, every bonus stands for itself, so you have to fulfil trading conditions for the first bonus before you even think of withdrawing the second bonus. You can have more than one bonus at the time. The required trading volume is the bonus amount divided by 2. So, if you had $100 bonus, you have to trade 50 lots before a withdrawal.

Octafx also organizes different competitions for traders. You can win great prizes, sometimes even a car! Contests are usually organized by platform type, so you won’t be able to enter all of them. However, we find concerning that there are no terms and conditions for every contest. Traders should never enter a promotion or a competition they don’t fully understand or don’t have all T&C in written before they even enter.

Octafx review also showed how this broker is organizing many competitions and contests with great prizes. Some are related to a specific platform, while some are limited to a certain account type. We were trying to find specific terms and conditions for every contest, but failed to do so. Traders should always know all terms and conditions before they participate in a contest. The lack of this document is something that raises a concern.

Octafx is owned by octa markets incorporated.

Octafx – overview of the trading platform

Overview of leading online brokers: octafx

The question of choosing a company that provides access to the tools of the global financial market is relevant not only for novice traders, but also for many experienced professionals in this field of activity. Anyone who wants to earn decent money must constantly analyze the situation on the financial services market. It is possible that the broker, with which you have been working for more than one year, the trading conditions are significantly different (not for the better) from the proposals of the newly created company. Internet trading refers to those activities where you always need to carefully analyze all the most important parameters of a trading platform before registering your account on it. For example, work experience and good business reputation are not an indication that a given company has the largest selection of assets or a low cost of services. We will conduct a small analysis of the octafx trading platform known on the market. This will allow at least two tasks to be solved: one of the readers will probably find a broker who is ideally suited to them by their characteristics, and this review can be used as an example for traders who are looking for a trading platform that meets certain criteria.

What does octafx administration promise to its customers?

The company under consideration was registered in 2011 (the first plus is experience in the financial markets) on the islands of saint vincent and the grenadines. All rights to this brand belong to octa markets incorporated.

Less than a year after the creation of the trading platform, it received its first award (in the category of the fastest growing micro forex broker). Since 2012 and to this day, octafx has repeatedly won a wide variety of titles, which testified to the high quality of the services provided and the reliability of this company.

User security

The applications and platforms used on octafx (metatrader 4, metatrader 5, ctrader) ensure that tasks are performed equally quickly, as well as the security of personal information and money of its customers. The procedure for registering an account on the company’s website provides for a thorough verification of the identity of a potential client. This makes it possible to protect users from fraudsters and money launderers.

The representative offices opened in different countries of the world make it possible to personally verify that octafx is an honest broker and its services can be used without fear of various “pitfalls”.

Using modern means of communication, users can contact the support service 24 hours a day (except weekends) to solve financial, technical or any other issues that are relevant to the operation of the trading platform.

Regulators

For those who, after studying the above information, do not dare to register a login to octafx, the organizations controlling the work of the company will probably be more convincing evidence.

● british financial institutions review board (FCA).

● the controlling institutions of saint vincent and the grenadines.

● caribbean financial supervision authority.

If you look, then for experienced traders as a proof of the reliability of the company is quite enough the british inspectorate, which enjoys prestige in almost all european countries.

Training

On the web resource of this broker, a whole section is devoted to the education of its clients. Here you will find educational materials on the forex market, general and personalized video lessons, a glossary, reviews on how to start trading in foreign exchange markets, etc.

Even experienced traders will be useful at least occasionally to view new educational materials, as well as economic news, analysis of various trading strategies or the “questions and answers” section.

With the help of a demo account developed on octafx, novice users of the resource can learn all the practical nuances of online trading without risking their personal savings. One of the features of the site are championships among owners of training accounts, the winners of which often receive substantial cash rewards.

What conditions must octafx customers comply with?

Before starting to register an account, each future client of the trading platform must choose an account type for making deals. The site administration offers the following options:

● micro. Works on the MT4 platform, recommended for beginners.

● PRO. For this type of accounts used trading platform MT5. As a rule, they are chosen by experienced traders.

● ECN. Special account for ctrader platform.

Studying reviews prepared about the broker octafx, it is hard not to notice the fact that even those users who have a negative attitude to the presented service have to admit that the cost of services on the site has always been affordable even for traders from poor countries.

Trading conditions

● the minimum deposit amount is $ 5.

● maximum leverage is 500: 1.

● account currencies – euro, american dollar.

● affiliate program – there is.

Deposit and withdrawal of funds

Based on the reviews compiled about octafx, it can be concluded that this broker stands out among competitors, who offered their clients two ways to withdraw money and replenish the deposit. In this case, users can use: plastic cards, neteller, skrill, fasapay, unionpay, local banks, as well as bank transfers.

Assets used

For trading, the administration of web resources offers the following assets: currency pairs, precious metals, indices, stocks, cryptocurrencies, as well as cfds.

Based on the above information, we can conclude that octafx is a broker who can be trusted with their savings. Of course, it is not included in the TOP 10 trading platforms of the world, but in such parameters as currency pairs and cfds it occupies rather high positions.

7 binary options

Octafx

Octafx is a relatively new online forex broker that offers its services to over 100 countries around the globe. Read our detailed review of octafx to find out its main features, its advantages and disadvantages, and discover whether this broker will be right for you.

Octafx regulation

Octafx was founded in 2011, with the operating company being octa markets incorporated. Octa markets incorporated was registered in the saint vincent and grenadines.

This means that its first financial regulatory authority is its license under the international business companies act of saint vincent and grenadines. It also subsequently obtained a license from the caribbean financial services authority.

In april 2015, octafx established a UK operating company, octafx UK limited managed to obtain a license from the UK’s financial conduct authority (“FCA”). This was a definite boost to the broker’s credibility given that the FCA is considered to be one of the most stringent and reputable financial regulators in the world.

This was particularly notable for octafx as while it was already regulated by the financial authorities in saint vincent and grenadines as well as the caribbean, those are not considered to be strict countries in terms of financial regulation and have a reputation for being very lax in that area.

Despite not being regulated, octafx has won many awards

Unfortunately, according to the official FCA website, as of 27 april 2017, octafx UK limited’s status is listed as ‘no longer authorized’, meaning that octafx can no longer provide regulated products and services, but was previously authorized by the prudential regulatory authority and/or FCA.

While this could potentially be an administrative mishap, such as octafx not renewing their license in time, we note that octafx’s official website does not list anything about FCA regulation. This means that more likely than not, octafx has decided to cease offering its services in the UK.

The loss of octafx’s FCA license is nothing short but a hard negative for the broker. In the overcrowded world of forex brokerage, many of which are either unregulated or are registered under weak regulatory bodies, the brokers that stand out are those that make the effort to obtain licenses from legitimate financial authorities such as the FCA. Without the FCA license, it looks like octafx rejoins the sea of weakly regulated forex brokers, which do little to inspire trust and confidence.

In conclusion, octafx’s current status as a ‘weakly regulated’ broker is a definite negative and potential traders should be aware that due to this lack of strong regulation, legal recourse against this broker will be weak or non-existent.

Octafx account types and minimum balances

Octafx offers three different types of accounts, each one tied to a particular trading platform. Some of their salient features and their minimum balances are described below.

Metatrader 4 micro account: this is the account that octafx recommends beginners and novices use. The recommended minimum deposit is only $100. Only allows trading for forex plus gold and silver. No commission is charged but spread markups are applicable. As it is for newer traders, the margin call and stop out level is set at a lower 25% and 15%, respectively.

Metatrader 5 pro account: this is what octafx recommends for the more experienced trader, consequently the recommended minimum deposit is a much higher $500. Allows for trading in all available asset classes.

There are 3 different accounts, one per platform

No commission is charged but spread markups, which are lower compared to the micro account, are applicable. As it is expected to be used by more experienced traders, the margin call and stop out level is set at a higher level of 45% and 30%, respectively.

Ctrader ECN account: this one is recommended for the ‘progressive trader’ who wants the maximum amount of transparency in pricing. As an electronic communication network account, it provides direct market access, giving traders access to full market liquidity and the most transparent pricing.

Accordingly, it does not have any spread markups but rather charges based on commission instead. The recommended minimum deposit amount if $100 and traders can trade in forex, gold, and silver. The margin call and stop out level is set at 25% and 15%, respectively.

Octafx also gives its traders the option of having a shariah compliant islamic account that can be applied to any of the three account types above. When converting any of the above account types to an islamic account, there will be no swap fee applied during a rollover but a fixed fee instead.

The fee is not considered as interest, which is not permitted under islamic law, but depends on the direction of a trader’s position. Octafx has conveniently provided a commission calculator on their website which traders can use to determine how much the fee will be depending on the asset traded, the volume, and account currency.

As with many brokers, octafx also offers a demo account. A demo account can be opened for any of the three types of accounts above and has a virtual balance of $5,000.

While it is good that octafx offers a demo account, we note that the relatively low balance of $5,000 is below average compared to its competitors, some of which offer automatically replenishing demo accounts.

Octafx trading platform

As mentioned in the account types section above, octafx has three different trading platforms: metatrader 4, metatrader 5, and ctrader. We will highlight the salient features and differences between each trading platform below.

Metatrader 4: the leading trading platform in the industry. Available on web, desktop, ios, and android. Offers signal trading, one click trading, advanced chart trading, and even auto-trading through its expert advisors feature. 9 possible timeframes. However, does not offer level II market depth or partial fills. Also has a reliable virtual private server service for lower latency and faster execution.

Metatrader 5: the successor to the popular metatrader 4 platform. Available on web, desktop, ios, and android. In addition to having all the features of metatrader 4 such as signal trading, one click trading, advanced chart trading, and auto-trading, it also offers traders the options of volume calculation in units as well as lots, the ability to create and share chart screenshots automatically, and a built in economic calendar. It also has more timeframes, 21 in total but still does not allow partial fills or provide level II market depth. Its expert advisors feature also has a more integrated development environment which means programming savvy traders have the ability to program their own customized trading robot.

Ctrader: A highly popular ECN / DMA platform. Available on web, desktop, ios, android, and mobile browser. Gives level II market depth, auto-trading, full size tick charts, one click trading, and advanced chart trading. Its one click trading feature is also more advanced, allowing traders to reverse position in one click, double position in one click, and close all open positions in one click. Has 26 timeframes and allows for partial fills. However it does not allow for signal trading and has no real time market news or economic calendar. Comes with a cloud service to keep all accounts and templates in one place.

The ctrader platform is popular, despite being more complex and advanced than others

Like all forex brokers, octafx offers leveraged trading and the maximum amount of leverage depends on which account and associated trading platform a trader signs up for. The maximum amount of leverage is 500:1 however this depends also on which asset is being traded.

500:1 leverage is only offered for currencies on the metatrader 4 and ctrader platform. 200:1 leverage is offered for metals on the metatrader 4 and ctrader platform and for currencies on the metatrader 5 platform.

100:1 leverage and 50:1 leverage is provided for metals / energies and indices on the metatrader 5 platform, respectively. As you can see, maximum leverage on the metatrader 5 platform is significantly lower compared to the other two platforms.

While leveraged trading can increase returns, it also amplifies risk. As such, traders should be wary about highly leveraged trading as it can easily go south and wipe out most of the account’s equity or even wipe out more than the account’s equity, sending it into negative territory.

Fortunately in the latter case, octafx offers negative balance protection meaning that if a trader’s account balance moves into the negative, octafx brings it back up to zero. So a trader’s maximum loss is always capped at his or her deposit amount.

Octafx trading tools

The live quotes tool can help you optimize your trading

To assist with trading, octafx also provides traders with several trading tools that can be used to optimize the trading experience. Directly from the octafx website, traders can access the global economic calendar to view important events such as non-farm payrolls.

There’s also a ‘forex news’ section, a trading calculator to calculate figures such as pip value, trading fees, and swap values. Of course, there’s also another calculator for the most important metric, profit. You can also view central bank interest rates, national holidays, and live quotes from each trading platform.

Octafx also has an interesting ‘account monitoring’ feature, which allows you to see each account details such as profit and loss, open trades, traded volume etc.

This is sort of a social trading feature where other traders will be able to monitor successful traders and possibly emulate their trades. Note that accounts are listed according to number only and no identifying trader information is shown.

Another feature that octafx offers is a trading signal service known as autochartist. This service provides buy or sell recommendations based on four technical analysis patterns: triangles, channels and rectangles, wedges, and head and shoulders. These signals are delivered via email up to thrice daily.

Octafx asset classes

Octafx allows trading in four broad asset classes; currencies, metals, energies, and indices. In total there are 35 currency pairs, 4 metals, 2 energies, and 10 indices.

While most traders will be more than satisfied with this selection, the number of instruments available to trade with octafx is definitely significantly less compared to its competitors, which is a minus point.

Octafx trading spreads and commissions

Octafx makes its own profits via spread markups and commissions, depending on which account type a trader signs up for. When using the metatrader 4 and metatrader 5 platforms, no commissions are charged and a spread markup is applied instead.

Octafx has quite low spreads compared to it’s competitors

The opposite is applicable for the ctrader platform, where there are no spread markups but a commission is applied instead. The amount of spread markups that octafx charges vary, however, they are some of the tightest in the market.

On average, the minimum spreads range from 0.4 pips to 0.7 pips for currency pairs. You can view the current spreads live on the octafx website. For the commission when using the ECN / DMA ctrader platform, the trading commission is $2 – $3 per lot.

Octafx deposits and withdrawals

Octafx allows deposits and withdrawals through the following methods: visa, mastercard, bank transfer (traders in malaysia and indonesia can opt for a direct bank debit), neteller, and skrill. All currencies will be converted either to USD or EUR.

All deposits and withdrawals will be processed within a few hours if within operating hours or by the next business day. There is no minimum or maximum amount but note that withdrawal amounts cannot exceed the amount of free margin in an account. Octafx also does not charge any fees for deposits or withdrawals, however fees might be charged by the respective payment processor.

Octafx trader education

The octafx is useful, but not as extensive as it’s competitors

Like most forex brokers, octafx also maintains a trader education section, accessible via its website. Unfortunately, its trader education section is not very extensive, focusing only on forex basics and is basically text only. Other than that, octafx provides a handy glossary as well as manuals for each trading platform.

Overall octafx’s trader education section, while helpful, pales in comparison to that provided by its competitors.

Octafx bonuses and promotions

Octafx has one main type of bonus, which it calls its 50% deposit bonus. This bonus is applicable only to the metatrader 4 micro and metatrader 5 pro accounts and must have a minimum deposit amount of $50. Traders do not have to claim the full 50%, they can elect to claim 10% or 30% as well.

Just like most bonuses, it come with terms and conditions and attached. In this case, in order for a trader to withdraw the bonus, there is a minimum trading volume which is calculated using the following formula: (bonus amount)/2 (bonus amount divided by two) standard lots.

Octafx is currently running a 50% bonus promotion

Once those amounts have been traded, only then can the bonus be withdrawn. Bonuses can also be cancelled by the trader at any time. Bonuses will not be credited if account free margin is less than the bonus amount and if the account equity falls below the bonus amount, the bonus will also be cancelled. Bonuses have no time limit and do not expire.

In addition to the bonus, octafx also runs various contests. The current contests it is running as of may 2017 are the ‘octafx champion demo contest’ and the ‘ctrader weekly demo contest’.

In the first contest, traders who have the most successful demo account trades according to the contest can win prizes of $500 ($300 for the 2nd place and $100 for two 3rd places). The second contest, which happens weekly has prizes of up to $150 ($100 for 2nd place, $75 for 3rd place, $50 for 4th place and $25 for 5th place).

Who is octafx suitable for?

Octafx, having its center of operations in indonesia, is clearly targeting the asian market, and south east asia in particular. As such, traders from that region may enjoy certain advantages such as direct bank debiting, and perhaps being able to communicate better with any company staff.

Other than that, octafx is a fairly standard forex broker, with traders likely enjoying their choice of trading platforms and tight spreads. That said, traders who are concerned with broker regulation should probably not trade with octafx, which is as we have previously mentioned, very weakly regulated after having lost its FCA license.

Frequent traders might also find the lack of incentives off-putting; for example there is no reduced commission or spread markups for higher volume trading.

Also octafx does not offer any VIP accounts, likely because they are targeting the relatively inexperienced retail traders, as can be seen by their contests. Nonetheless, the fact that octafx is targeting this target market without offering an unlimited demo account is also a definite negative.

Conclusion

Octafx provides tight spreads, a good variety of trading platforms as well as various trading tools to assist traders. That being said, their lack of strong regulation is probably their largest drawback, and more than a few traders will likely be put off from trading with them due to this alone.

Of course, if octafx manages to get is FCA license back, that will change and bring octafx back into the ranks of the highly regulated and trustworthy brokers.

Octafx – overview of the trading platform

Overview of leading online brokers: octafx

What does octafx administration promise to its customers?

User security

Regulators

For those who, after studying the above information, do not dare to register a login to octafx, the organizations controlling the work of the company will probably be more convincing evidence.

● british financial institutions review board (FCA).

● the controlling institutions of saint vincent and the grenadines.

● caribbean financial supervision authority.

If you look, then for experienced traders as a proof of the reliability of the company is quite enough the british inspectorate, which enjoys prestige in almost all european countries.

Training

What conditions must octafx customers comply with?

Before starting to register an account, each future client of the trading platform must choose an account type for making deals. The site administration offers the following options:

● micro. Works on the MT4 platform, recommended for beginners.

● PRO. For this type of accounts used trading platform MT5. As a rule, they are chosen by experienced traders.

● ECN. Special account for ctrader platform.

Trading conditions

● the minimum deposit amount is $ 5.

● maximum leverage is 500: 1.

● account currencies – euro, american dollar.

● affiliate program – there is.

Deposit and withdrawal of funds

Assets used

For trading, the administration of web resources offers the following assets: currency pairs, precious metals, indices, stocks, cryptocurrencies, as well as cfds.

Octafx review: is octafx.Com legit or another scam?

Octafx.Com review: at octafx, clients are promised a reduced risk. The broker is said to be “owned by a group of companies” and one of them is located at an offshore address. The other holds an operating license in cyprus.

This brokerage claims to be the best in forex trade and cfds as it gives the “lowest spreads in the industry”. There are awards published on the page supposedly won by octa FX.

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It offers to brodge the gap between traders that has been caused by “short balances” and “lack of global access to the global exchange market”. A demo account is offered to test the running of the broker.

Further, octafx promises a 50% bonus on deposit, to help the user “start forex trading on higher margins, increasing their account balance”. There is negative balance protection offered as well.

Octafx trading platform

The trading platform used by octafx trading software is the metatrader4. Metatrader5 and ctrader are also available. Clients are promised all the advantages that comes with this platform. Trading is offered on cfds, commodities and indices.

There are three account types offered by this broker and the deposits are quite within the average minimum. It ranges from $100 to $500.

Octafx offers trading on 28 currency pairs and other products like gold, silver, indices, and cryptocurrencies. The broker gives a leverage of up to 1:500.

Spreads on the brokerage on the accounts can be 1.1 pips, 0.5 pips, or 0.7 pips. It depends on what account the client uses.

Deposit and withdrawal methods on octafx

Deposit and withdrawal are available via credit cards, fasapay, neteller, skrill, wire transfer. Deposit minimum can get as low as $100.

Octafx does not charge any commission on transactions. The spreads are fixed for this broker. Some cases leads to a 50% deposit bonus.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is octafx licensed?

No. Octafx is owned by a company located in st. Vincent and the grenadines. The cyprus securities and exchange commission however licenses octa markets ltd, this company owns octafx.Eu.

This information means that misappropriation of funds by the broker is not under the watch and jurisdiction of this authority.

Support

To reach the customer care representative of octafx, clients can send emails or text at +34 651 769 010. To call, dial: +44 20 3322 1059 (UK), +852 5808 8865 (hong kong), and +62 21 3110 6072 (indonesia).

Conclusion

There are wide ranges of trading tools offered. It has educational tools for traders to learn from. Lack of license from any regulatory body is a disadvantage to the broker. Deposit minimums are affordable as well.

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Octafx review

Review

Octafx, a broker in operation since 2011 out of st. Vincent and the grenadines, serves over 1,500,000 traders from more than 100 countries; they report that order execution exceeded 288,000,000. This market maker deploys a straight-through processing (STP) model and offers traders the choice of the MT4, MT5, and ctrader trading platforms. New retail traders from emerging markets are a primary focus, and generous bonuses fulfill an essential role in growing the client base, with over $2,840,000 in bonus funds paid out to date. Octafx maintains a highly competitive cost structure with a commission-free EUR/USD spread of just 0.4 pips. The broker supports social trading via octafx copytrading and autochartist pro supports manual traders.

Octafx highlights

��️ headquarter	UK
⚖️ regulations	SEBI
�� type of broker	ECN/STP
�� minimum deposit	$50
�� maximum leverage	1:500
�� type of platform	metatrader 4, metatrader 5, ctrader
�� deposit with credit card	yes
�� depositing with wire transfer	no
�� demo account provided	yes
��️ instruments traded	cfds, commodities, metals, oil, gold, indices

Regulation and security

Octafx operates out of st. Vincent and the grenadines, where registration of octa markets incorporated exists with the financial services authority (SVGFSA). It is important to note that while the FSA is responsible for policing international business companies (ibcs), it does not regulate forex brokers. Therefore, octafx remains effectively unregulated; that in itself does not suggest malpractice or fraudulent activity by this broker. Octafx has expanded its operations since 2011, testament to its trader-friendly operations. In fact, more than 1,500,000 traders trust octafx, which should be taken into consideration when evaluating octafx.

Negative balance protection, the segregation of client deposits from corporate funds, and compliance with anti-money laundering (AML) directives enhance the security of traders. From this octafx review we can see that this broker does attempt to strike a balance between offering security as an unregulated entity and operating out of a business-friendly jurisdiction that allows it to execute its successful business model.

Octafx operates out of st. Vincent and the grenadines.

Negative balance protection exists, ensuring traders cannot lose more than they deposit.

Client deposits remain segregated from corporate funds.

Octafx fees

Octafx charges a combination of spreads, commissions, and swap rates. While the overall cost structure is extremely competitive, it is a bit complicated. To make things easier, we'll simplify it all in this ocatfx review. The MT4 micro account commences with a commission-free 0.4 pips minimum mark-up on the EUR/USD, which ranks among the best available offers in today’s industry. Swap rates apply, and islamic accounts face an equal cost, only labeled differently; the islamic account structure complies with sharia law. While the MT5 pro account continues with a similar minimum pricing environment, the current spread is significantly higher. A fixed three-day fixed cost applies, but no swap rates exist. Then there is the ctrader account, where the current mark-up is lower than in the MT5 but higher than in the MT4. The commission of $3 per lot is outstanding, and a fixed weekly rollover fee applies, again without daily swap rates.

Octafx does not levy charges for deposits, withdrawals, and currency conversions. No additional costs exist, making octafx one of the least costly brokers to trade with, fulfilling its mission statement of creating a low-cost broker for new traders and professionals alike.

MT4/MT5 traders can easily access swap rates from their platform by following these steps:

Right-click on the desired symbol in the market watch window and select symbols.

Select the desired currency and then click on properties located on the right side.

Scroll down until you see swap long and swap short.

The commission-free MT4 account lists a minimum spread of just 0.4 pips.

The MT5 account comes with a fixed rollover cost which is deducted every three days.

The ctrader account offers a very competitive commission of $3 per lot, but spreads are higher than in the MT4 alternative.

Islamic accounts face fixed costs equal to swap rates.

The overall pricing environment is low, benefiting traders.

What can I trade

Octafx offers 28 currency pairs, four commodities, ten index cfds, and three cryptocurrency pairs, traders have limited choices. As far as we could see during this octafx review, the complete availability of assets remains confined to the MT5 account; the MT4 account features fewer assets, and ctrader offers the least. As such, cross-asset diversification is would be difficult, but it's possible to overlook this if you're a new trader and a solid cost structure is important to you.

Octafx maintains 45 assets in total.

Account types

Octafx maintains three account types. The broker claims the MT4 micro is the most common choice and confirms its popularity among new retail traders from emerging and frontier markets. With a minimum deposit of $100, traders have access to 39 assets with a maximum leverage of 1:500. The MT5 pro account offers all 45 trading instruments but requires a $500 deposit, with increased margin requirements. Both choices are commission-free. The commission-based ctrader account is available for just $100. It features the least number of assets with 30, but the maximum leverage is 1:500, unlike 1:200 in the MT5 account. Hedging and scalping face no restrictions in either choice.

Traders may choose from among three account types.

Islamic accounts are a cornerstone at octafx and are high in demand. While swap rates do not apply, fixed costs exist.

Octafx trading platforms

Traders may choose from the three leading trading platforms in the forex market. The market-favorite MT4, with over 20,000 third-party customized technical indicators and electronic advisors (eas), many free of charge, remains the most flexible version. MT4 maintains its leadership position for automated trading, the fastest-growing sector of the financial system. Traders must invest in necessary upgrades to unlock the complete functionality of MT4 and transform it into a competitive, cutting-edge version. Octafx also offers the MT5 trading platform, which remains the only one where all assets are available for trading. The best out-of-the-box alternative is ctrader, designed for trading via the electronic communications network (ECN).

All three platforms support automated trading and are available as a desktop client, a webtrader, and a mobile version. Autochartist pro enhances the MT4/MT5 trading platforms, granting traders one of the most widely used automated chart pattern recognition software. Social trading support exists via octafx copytrading, which allows traders without the time to manage their portfolios to diversify across strategies from one user-friendly platform.

MT4 maintains its leadership position among retail trading platforms.

Octafx traders who wish to trade all 45 assets must do so on the MT5.

The ctrader platform offers the best out-of-the-box trading experience.

Octafx copytrading supports the resurging popularity of social trading.

Unique features

There are three unique features worth noting.

Autochartist pro offers manual traders an excellent automated trading assistant. It is available only to clients who achieve silver status and above. Information about what is required to achieve this status appears to be available only to registered traders from inside their back-office.

Since 2017, octafx has revamped and improved its educational portal. It is supported via weekly and monthly demo contests, which allows new traders to earn between $500 and $1,000 in real cash, which is then deposited into a live trading account. Traders should enter trading contests at their own risk while understanding they may not win.

The octafx copytrading platform allows so-called master traders to earn an additional revenue stream from their strategy. It is ideal for those traders with smaller portfolios to leverage their income potential. Professional traders interested in tapping into the social trading scene will also benefit from it. Traders can create multiple master accounts for different strategies, and the freedom to adjust commissions adds to the flexibility.

Autochartist pro is an excellent trading tool available at octafx.

Demo contests with real cash prizes appeal to new retail traders.

Master traders can boost their income potential at octafx via the octafx copytrading platform.

Research and education

Octafx grants traders a comprehensive analytics section under trader’s tools. It consists of eleven sub-categories and a user-friendly design. Besides trading signals from autochartist, traders will discover in-house research and market commentary published by octafx under market insights, forex news, and technical analysis. They are updated frequently, consist of written content and charts, and represents a quality addition to the products available at this broker. A quick overview of market-related events exists under the economic calendar, interest rates, and national holidays. The profit and trading calculators allow traders to manage their trading strategy before placing trades. Overall, with the revamped research and education portal, octafx delivers a genuine auxiliary trading service.

The trader’s tools section features eleven sub-categories, which combine for quality service, especially for new retail traders.

Octafx updates three sections several times throughout the day, with trading ideas and market commentary.

Education at octafx consists of nineteen topics under forex basics. They consist of quality written content, charts, and some include numerous videos. While often brief, the content has educational value and offers new retail traders an excellent introduction to trading. The tutorials section focuses on octafx-specific guides, and video tutorials cover MT4/MT5, the personal area of octafx, and octafx copytrading. An FAQ section and a glossary aim to answer the most common questions and introduce terminology. Traders may access the manuals to obtain more specific assistance regarding the three trading platforms, related tools and services, and autochartist. Webinars hosted by octafx complete a well-rounded educational portal.

Octafx delivers a well-rounded educational portal.

Webinars add value, and new traders should take advantage of them.

Customer support

Customer support is available 24/7 and is best reached via live chat or telegram. A webform is equally accessible, and traders may alternatively call. Octafx ensures swift access to a customer services representative in case the unlikely need for additional assistance arises.

Bonuses and promotions

Bonuses and promotions remain an essential part of the octafx strategy, and traders have access to various offers. The 50% withdrawable bonus on each deposit represents an excellent offer for traders to build their portfolio through a series of monthly deposits, while two demo contests award real cash. The trade & win incentive rewards clients for trading activity with various prizes.

The withdrawable 50% bonus on each deposit represents the best offer at octafx.

Trade & win is another excellent reward program based on trading volume.

A four-tier status program grants additional improvements to the trading environment.

Traders can use the four-week MT4 demo account to win cash.

Smaller cash prizes await in the one-week ECN demo contest.

Octafx also hosts a 16 car global trading contest.

Opening an account

An online application form processes new accounts, and traders may use their facebook or google account to complete the process. Account verification is mandatory to comply with AML/KYC requirements. A copy of the trader's ID and one proof of residency document will satisfy this final step.

The account opening process complies with industry standards.

Deposits and withdrawals

Octafx supports credit/debit cards, skrill, neteller, and bitcoin. While the selection remains limited, it is suitable for most traders. No deposit or withdrawal fees exist from octafx, but third-party costs may apply. The processing times of deposits and withdrawals are fast, but it may take additional time to arrive in the trader’s account or e-wallet.

Octafx offers a limited but acceptable choice for payment processing.

Octafx

Что представляет собой компания octafx?

Брокерская компания octafx была основана в 2011 году для осуществления онлайн-торговли популярными валютами на международных финансовых рынках и позиционирует себя в качестве надежного, успешного лидера в онлайн-торговле. Бренд является частью собственности инвестиционных компаний octa markets incorporated, и все права принадлежат данной корпорации, зарегистрированной на островах сент-винсента и гренадин. Основные направления деятельности - торговля бинарными опционами и форекс-трейдинг , а среди своих главных миссий брокер определяет приобретение рентабельного опыта, благодаря которому новички и профессионалы смогут получать прибыль с небольшими инвестициями. На сайте есть описание преимуществ, которые подчеркивают репутацию и опыт оказания услуг сервисом:

Обучение трейдингу на бинарных опционах и помощь в развитии навыков, что популяризовало платформу среди 1,5 миллиона трейдеров по всему миру;

Безопасная торговая среда благодаря высокоскоростным аналитическим инструментам;

288 миллионов выполненных сделок;

Функционирование в 100 странах мира;

28 наград;

2,5 млн $ бонусов выплачено трейдерам.

Комментарий smartguide: не стоит слепо доверять баснословным цифрам, которые указывает не известный брокер, ведь они могут не соответствовать действительности и проверить данную информацию невозможно. Тщательно проверяйте данные, указанные на сайте, ведь зачастую их накручивают для привлечения внимания и доверия среди трейдеров.

Как развивался брокер бинарных опционов octafx?

Среди прочих достижений и информации о наградах за годы становления компании, на сайте представлена история развития бренда, в том числе информация о запуске трейдинга на бинарных опционах и другие инновации. Компания основана в 2011 году, и сразу осуществила следующие цели:

Запустила передовую платформу для трейдинга metatrader 4;

В 2012 году появилась возможность оплаты в банках и вывода средств в местной валюте;

Следующим сдвигом в 2013 году стало введение 50% бонуса на депозит;

Выпущена партнерская программа IB broker;

2015 - введение в работу исламского торгового счета, можно запускать аккаунт в соответствии с законами шариата;

2017 - активирован сервис autochartist, позволяющий принимать обоснованные торговые решения, благодаря своевременным торговым сигналам;

Запуск программы “приведи друга” в 2018 году;

Активация программы лояльности.

Smartguide предупреждает: история изложена в мультимедийной формате, это видно на скриншоте внизу, что привлекает внимание пользователей, но нет никаких подтверждений и официальных регуляторов, которые осуществляют протекцию средств и интересов трейдеров, поэтому доверять данной информации также не стоит.

Какие типы счетов предлагает брокер?

Для выгодных стратегий трейдинга бинарными опционами, бренд octafx предлагает три различных типа счетов:

Микро счет - рекомендуется для трейдинга с небольшими инвестициями. Условия его следующие: минимальный депозит 100$, возможность торговать 28 валютными парами и 2 металлами на платформе MT4 с кредитным плечом до 1:500;

“pro” - с низкими спредами и средними капиталовложениями. Условия: депозит не менее 500$, доступна платформа MT5, кредитное плечо 1:200, мин. Размер сделки - 1 лот, 28 валютных пар + 4 метала, 2 энергоносителя и 10 индексов, котировки точны на 5 знаков после запятой;

ECN аккаунт - депозит 100$, 35 валютных пар и 2 металла, плавающий спред, кредитное плечо 1:500.

Комментарий smartguide: обратите внимание, что платформа бинарных опционов octafx предоставляет не лучшие условия для новичков: минимальный взнос 100$, это не маленькая инвестиция, учитывая отсутствие опыта и навыков. К тому же высокое кредитное плечо, которое якобы повышает шансы и вероятную сумму, одновременно повышая риски.

Кроме того, существует эксклюзивный исламский торговый аккаунт, которые дает доступ к трейдингу странам, живущим по предписаниям шариата. Вторая функция для новичков - это учебный счет, где неопытные трейдеры смогут разобраться в бинарных опционах демо -версии, не рискуя реальными деньгами, используя виртуальную валюту.

Насколько надежен трейдинг с брокером octafx?

На сайте указана информация о годе основания - 2011, что говорит о долгосрочности существования и как правило о прозрачности деятельности брокера, но мы не нашли никаких официальных лицензированных регуляторов. Информация, представленная на сторонних сайтах свидетельствует о том, что бинарные опционы онлайн доступны для трейдинга, благодаря:

Получению лицензии на ведение деятельности в пределах великобритании от британской инспекции по контролю за деятельностью финансовых организаций (FCA);

Наличию лицензии на трейдинговые услуги в соответствии с международным законом о коммерческих компаниях от регуляторных институтов сент-винсента и гренадин;

Регулированию и лицензированию карибским управлением финансового надзора (FSA).

Но данные не подтверждены никакой документацией и на официальном сайте это тоже не указано.

В качестве саппорта брокер предоставляет по его словам круглосуточную поддержку по будням. Со специалистами можно связаться с помощью онлайн-чата, также есть возможность посетить офис, его расписание указано на скриншоте снизу.

Там же представлена контактная информация, которая отсылает на:

Whatsapp мессенджер: +34691370613;

Youtube channel с 30 тыс.Подписчиками;

Twitter с более, чем 4000 читателей;

Instagram , где около 31 000 фолловеров.

Осуществить популяризацию платформы в соцсетях разработчикам явно удалось, но войти в топ брокеров бинарных опционов 2020 нет, ведь есть масса недочетов в работе и несоответствие информации с достоверной.

Какие варианты пополнения и вывода средств доступны на сайте?

Компания постаралась максимально упростить снятие и пополнение счета, представив несколько популярных платежных систем:

Карты visa и mastercard - минимальная сумма пополнения 5$;

Перевод с помощью банка;

Neteller - минимум 50$;;

Bitcoin кошелек от 3-30 минут на зачисление;

Scrill.

Для вывода средств используется тот же способ, что и при пополнении, запросы на вывод средств, которые поступили в период с понедельника по пятницу с 06:00 до 15:00 обрабатываются в течение трех часов, остальные на следующий день. Минимальный порог для вывода - 5$.

Smartguide предупреждает: при выводе средств могут быть включены скрытые комиссии, поэтому следует выводить более крупные суммы, дабы не переплачивать третьей стороне за обработку платежа.

В чем особенности торговли на платформе octafx?

На платформе представлены самые популярные активы, которыми можно торговать онлайн, в том числе: валютные пары, бинарные опционы, облигации, криптовалюта, сырьевые товары, на которые поставляются CFD-контракты и live котировки. На сайте можно отслеживать график бинарных опционов, тем самым успевая совершать выгодные сделки. Для того. Чтобы корректно оценить результативность будущей сделки, можно воспользоваться рядом инструментов, таких как:

Калькулятор трейдера для принятия выгодного решения о сделке;

Профит калькулятор рассчитывает прибыльность;

Мониторинг действующих аккаунтов с данными про онлайн-торговлю;

Autochartist - сервис, предоставляющий оповещения о трендах той или иной валютной пары и якобы корректные показатели направления рынков.

Smartguide обращает внимание, что все вышеуказанные сервисы имеют относительную точность, ведь не существует идеально определяющих исход инструментов анализирования цен и изменений рынка.

Кроме того, компания предоставляет учебный материал в виде вебинаров, книг, отчетов, которые отвечают на вопрос: “ как заработать на бинарных опционах ?”, с информацией о форекс-торговле и функционировании системы.

Какие поощрения предоставляет брокер?

Кроме бонуса за депозит, который стартует от 30 до 50% при наличии верифицированного аккаунта, пользователь может принять участие в турнире среди учебных счетов, который проводится ежемесячно. Призовые предусмотрены для:

Первого места в размере $500

Второго места — $300;

Третьего места— $100;

Последнего места — $100.

Тур длится в течение 4 недель, и все это время вычисляется самый успешный демо-счет.

Отзывы и мнения о octafx

На официальном сайте брокера octafx на главной странице с информацией “about us” комментарии трейдеров из различных арабских стран, африки, которые довольны работой брокера, но это и не мудрено, кто опубликует негативные отзывы на собственном сайте, их можно увидеть на скриншоте снизу.

Если поискать сторонние форумы бинарных опционов и форекс-брокеров, можно наткнуться на положительные и отрицательные отклики.

Мнение smartguide о octafx

По нашему мнению, octafx не входит в рейтинг брокеров бинарных опционов по ряду причин. Можно выделить весомые плюсы компании:

Гибкие бонусы;

Низкие спреды;

Множество торговых платформ с передовыми технологиями;

Трейдерские турниры.

Но все это становится не столь важно, если есть высокие риски, нет официального подтверждения информации о регулировании, высокий депозит для входа - 100$, ограниченный выбор телефонов для связи, работа службы поддержки осуществляется по будням.

Выводы от smartguide

Учитывая все вышеуказанные сведения, следует отказаться от рисков и не вкладывать инвестиции в сомнительную, хотя и поляризованную компанию. Несмотря на широкий круг подписчиков нельзя быть уверенным в отсутствии мошенничества и рисков трейдинга.

Часто задаваемые вопросы

�� Я потерял(а) деньги в интернете, возможно ли вернуть?

Каждый случай потери средств по вине мошенников в интернете, является абсолютно уникальным, иногда деньги можно вернуть легко, иногда нет. Подробнее можно разобраться перейдя в раздел помощи.

�� что нужно для того, что бы начать зарабатывать в интернете?

Оформив заявку, вы получите бесплатную консультацию ведущих специалистов, которые помогут определить ваши цели и подобрать наиболее подходящий для вас вариант.

�� Я хочу сам обучится заработку в интернете, с чего мне начать?

Начните с изучения информации для новичков. На нашем портале собрана информация про бинарные опционы, форекс, тотализаторы, криптовалюту, сетевые компании, хайпы и пирамиды. Тут вы найдете ответы на свои вопросы!

Octafx review

Rating

28 industry awards.

Zero commission.

50% deposit bonus.

Fast banking.

24/7 support.

Visit site

Octafx is a forex broker that claims to deliver the best FX trading conditions in the market. It offers a cost-effective trading experience, which both beginners as well as seasoned traders greatly appreciate. The broker maintains the highest industry standards of safety and security and attempts to improve its standards and conditions with every passing year.

Octafx fact sheet 2021

Octafx fact sheet 2021

Open a demo account at octafx

Promotions – bonus offers and contests at octafx.Com

List of assets at octafx

Trading platforms at octafx
- Metatrader 4
- Metatrader 5
- Ctrader

Types of accounts at octafx.Com
- MT4 micro account
- Metatrader 5 pro account
- Ctrader ECN account
- Islamic accounts

Trader tools and analytics at octafx

Account monitoring

Free forex trading signals from autochartist

Get the best trading education at octafx

Making deposits and withdrawals at octafx – banking information

Customer support at octafx

Octafx faqs
- What do I do after opening an account at octafx?
- What is the personal area at octafx.Com?
- What can I do with account monitoring at octafx.Com?
- Why should I verify my account at octafx.Com?
- What currencies does octafx support?
- What is the status program at octafx.Com?
- How long do demo accounts last at octafx.Com?

Should you sign up at octafx?

Octafx does not charge swaps on orders held overnight.

The online broker executes 97.5% of the trade orders without slippage.

You don’t have to pay commissions on withdrawals and deposits.

Over 1.5 million traders have opened accounts at octafx.

The company has executed over 288 million trades so far.

Octafx is the winner of over 28 industry awards.

The online broker has expanded into 100 countries.

Traders have received $2,847,729 in bonus funds so far.

Low spreads allow you to earn 25% more than at other forex brokers.

Enjoy features such as 0% commissions, 50% deposit bonus, and loyalty program.

Open a demo account at octafx

If you want to practice forex trading without risking your own money, you can open a demo account at octafx. As the holder of a demo account, you qualify to participate in a number of contests with real money prizes.

If you are a beginner, you can use your demo account to learn trading. If you are a seasoned trader, you can use your demo account to test new forex strategies. Demo accounts are free and unlimited at octafx.Com.

The steps to opening a demo account at octafx.Com are as follows:

Clicking “open demo account” starts the registration procedure.

This opens the sign in form on the left of the website.

Enter your name and email address.

Create a strong password.

Submit your details by clicking “open account.”

Alternatively, you can sign up to your demo account with facebook and google.

You can switch to a live trading account whenever you wish. If you want to open a live trading account right away, you will find that the sign in procedure is the same.

Promotions – bonus offers and contests at octafx.Com

Octafx.Com offers a number of contests for demo account holders. You can also participate in a status program and claim a bonus of 50% every time you deposit.

The following are the interesting details:

Contests: if you hold a demo account at octafx, you can participate in contests and win cash prizes that can be withdrawn. Octafx runs these contests on its MT4 platform.

Ctrader weekly demo contests: also designed for demo account holders, this contest is run on octafx.Com’s ctrader platform and gives demo account holders a chance to win cash prizes that can be withdrawn.

50% bonus: the steps to claim your 50% bonus are as follows:

Choose a suitable type of account.

Load your account with at least $50.

Activate your free 50% bonus on your deposit amount.

You have to trade lots equal in number to half the bonus amount to become eligible to withdraw your bonus.

Status program: com’s status program includes levels such as bronze, gold, silver, and platinum. Each level has its own benefits, which you can unlock when you level up.

Bronze players get commission-free transfers and 24/5 customer support.

Silver players get all the benefits of bronze players along with trading signals by autochartist.

In addition to bronze and silver benefits, gold players get benefits such as faster bonus withdrawals, lower spreads, and accelerated transfers.

Platinum players get to enjoy all the benefits of the previous levels plus advantages such as expert advice, zero trading charges, invites to VIP events, and personal account managers.

List of assets at octafx

Octafx offers the following markets to trade on:

Currency pairs– trading currency pairs can bring you huge returns in the shortest time frame. Trade currency pairs such as EUR/USD, USD/JPY, GBP/USD, and AUD/USD, to mention just a few.

Cfds– trade cfds on MT5 pro accounts and MT4 micro accounts. Among the available instruments are nasdaq, london stock exchange, euronext, nikkei, and stoxx, to mention just a few.

Cryptocurrencies– octafx supports trading in digital currencies such as litecoin, ethereum, and bitcoin.

Commodities– trade a variety of commodities such as crude oil, silver, and gold on the octafx trading platform.

Stocks and indices– you can make profits on the price movements of 10 indices without actually have to purchase the stocks.

Trading platforms at octafx

Octafx offers three major trading platforms—metatrader 4, metatrader 5, and ctrader for a variety of devices, including desktop computers, android, and ios.

Metatrader 4

This is the most popular trading platform in the world and you can download it free of charge at octa FX.

The MT4 web platform allows you to trade in browser on any operating system. You can access all the major trading tools, including chart trading and one-click trading.

You can download MT4 for desktop. It is a highly customizable platform, including features such as market indicators, charting tools, eas, scripts, real-time market execution, and advanced risk management, among others.

MT4 for android and ios allows you to manage your trades on the move. You can download the apps on the google play store and the apple app store, respectively.

Metatrader 5

Though not as popular as MT4, it is still the most used trading platform in the industry. You can download MT5 for in-browser trading, desktop, android, and ios.

Ctrader

This is the most advanced customizable and chart-rich forex trading software in the world. You can download ctrader for in-browser trading, desktop, and mobile devices.

The following are some of the features of ctrader:

26+ pre-built ctrader chart views

Fully customizable trading interface

50 chart templates that can be saved for creating trading strategies

Process different orders at the same time

Transparency in pricing

Level II quotes

Advanced risk management

Types of accounts at octafx.Com

You can choose the following types of accounts based on your trading requirements, level of expertise, and trading styles and strategies:

MT4 micro account

Highly recommended for novice traders, this account has the following features:

Floating spreads start at 0.4 pips and fixed spreads start at 2 pips

No commission

Recommended deposit is $100

Trade 28 pairs of currencies, 3 cryptocurrencies, 4 indices, and 2 metals

Up to 1:500 leverage for currencies, 1:200 for metals, 1:50 for indices, and 1:2 for cryptocurrencies

Optional swap

Metatrader 5 pro account

Highly recommended for experienced traders, this type of account is popular for its lower trading costs and low spreads. Here are the basic features:

Spreads start at 0.2 pips

No commission

Deposit at least $500

Trade 28 currency pairs, 4 metals, 2 energies, 10 indices, and 3 cryptocurrencies

Get up to 1:200 leverage for currencies, 1:100 for energies and metals, 1:50 for indices, and 1:2 for cryptocurrencies

Trade a minimum volume of 0.01 lot to an unlimited volume

Market execution in less than 0.1 second

No swap

Ctrader ECN account

This type of account is highly recommended for progressive traders because of its transparent pricing models. The following are the basic features of this account:

Spreads start at 0 pips

No commission

Deposit at least $100

Trade 28 pairs of currencies, 2 metals

Get leverage of up to 1:500 for currencies and 1:200 for metals

No swap

Islamic accounts

Octafx claims to deliver the best islamic accounts in the industry. It is the winner of forextraders.Com best islamic account forex broker award. The basic features of this account include the following:

You don’t have to pay interest on positions held overnight.

Check the box against “swap free” when you open your islamic account.

Islamic accounts are available for all types of accounts.

Instead of swap, octafx charges a fixed fee.

Trader tools and analytics at octafx

Use the following trader tools and analytics to improve your trading skills, create better trading strategies, and boost your trading profits at octafx:

Trading calculator

Profit calculator

Live quotes

Economic calendar

Market insights

Forex news

World bank’s interest rates

National holidays calendar

Account monitoring

The account monitoring feature allows you to view the charts, performance, orders, history, and profits of an account. You can view the account of any trader at octafx so that you can learn the secrets of their trading success. You can also allow other traders to monitor your account and learn from you.

Free forex trading signals from autochartist

First you have to participate in octafx’s status program and achieve at least the silver level. Then you have to download and install the autochartist plugin. You will now receive free automated alerts with a trend prediction accuracy of 83%.

Get the best trading education at octafx

Octafx offers the best trading education through the following:

Forex basics:check out the section to learn the basics of ECN trading, risk management, trading strategies, technical analysis, and forex trading.

Video tutorials:octafx offer several video tutorials that provide valuable information to traders.

Step-by-step guides:you will find plenty of how-tos at octafx.Com. You can get started with guides such as “how to make a deposit at octafx forex trading account” and “how to start trading metatrader 4/5 desktop.”

Glossary:check the glossary to get the meanings of commonly used trading terms and expressions.

FAQ:visit the frequently asked questions (FAQ) section for answers to commonly asked trader questions.

Making deposits and withdrawals at octafx – banking information

Octafx accepts all the popular payment methods across the world, but their availability depends on your country of residence. You can use the following methods to load your online trading account at octafx.

Perfect money

Visa

Bitcoin

Skrill

Neteller

The minimum deposit amount varies according to currency and payment method; so does the processing time frame. Most of the banking options at octafx are instant, but some may take a few hours to a few days.

Banking at octafx has three features:

No hidden charges and no commission

Advantageous fixed rates for currency conversion

50% bonus boost on each of your deposits

In addition, octafx provides negative balance protection to all its clients, ensuring that no client can lose more than his/her initial investments. Even if the balance goes negative because of stop out, the company will make the required compensation and reset the balance to zero.

Your funds are safe and secure at octafx because the CFD & forex broker takes the following measures:

In compliance with financial regulations, octafx maintains client deposits in separate bank accounts.

The forex broker secures your personal area with the latest 128-bit digital encryption technology.

Octafx recommends that you submit copies of your identification documents to verify your account. This ensures complete security for all your transactions.

Only you can access your octafx account to withdraw funds as every fund withdrawal requests email confirmation.

Octafx applies 3D secure technology while processing credit/debit card transactions.

The broker has a team of technical specialists and security engineers who monitor its technical environment round the clock to prevent loss or damage of data and other technical issues.

Customer support at octafx

We could identify the following methods to get help and information at octafx:

Visit the FAQ:the FAQ section provides answers to commonly asked questions. So you are likely to find the information you are looking for in this section.

Social media interaction:you can interact with fellow traders and octafx staff on the social networking sites facebook, twitter, instagram, and youtube.

Live chat:this is the fastest way to get in touch with a customer support agent. Click on the blue-and-white icon at the bottom right of the website to open the live chat window. Fill in the required details to initiate chat.

Telephonic support:you can call the number +442033221059 (UK), +85258088865 (hong kong), and +622131106972 (indonesia).

Whatsapp:send a whatsapp message to +34691370613

Telegram:send a telegram message to @octafx_bot.

Write to:write to octafx at suite 305, griffith corporate centre, beachmont, kingstown, st. Vincent and the grenadines.

Octafx customer support is available 24/5 from monday to friday. You can rest assured of immediate responses to your queries as the FX broker gives top priority to customer satisfaction.

Octafx faqs

What do I do after opening an account at octafx?

Octafx.Com will send you an email with your account credentials as soon as you open an account. After that, you have to download and install a trading platform. You will find the download links and instructions on the website. Also, you will find plenty of information on opening accounts and trading in the education section.

What is the personal area at octafx.Com?

The personal area is a feature that allows you to open accounts, manage existing accounts, request payouts, deposit funds, initiate account-to-account fund transfers, retrieve forgotten passwords, and claim bonus offers. You can sign in to your personal area through your personal area password and registration email address.

What can I do with account monitoring at octafx.Com?

You can use account monitoring to share your charts, profits, performance, history, and trade orders with other traders. All you have to do is add your account to monitoring. You can also use this feature to compare the stats of successful traders and learn their secrets.

Why should I verify my account at octafx.Com?

Here are the reasons to verify your account at octafx.Com: • verification protects you from fraud and makes sure that your details are accurate. • it also ensures authorized and secure transactions. • you can withdraw your profits only after verifying your account. The verification procedure takes just a few minutes at octafx. If you submit your supporting documents at weekends or overnight, the online broker may take up to three hours to verify your account.

What currencies does octafx support?

You can deposit in any currency of your choice, but octafx will convert it into USD or EUR. You can open separate EUR and USD accounts if you wish. The online broker does not charge a commission for making deposits and withdrawals.

What is the status program at octafx.Com?

Status program is octafx.Com's way of rewarding loyal traders. You can achieve a higher status by maintaining a higher balance. When you level up, you will unlock special benefits such as priority customer support, deposits and withdrawals with zero commission, premium gifts, low spreads, personal manager, VIP events, and others. Octafx.Com's status program is free to join.

How long do demo accounts last at octafx.Com?

The online broker deactivates MT5 and MT4 demo accounts if you leave them inactive for 30 days. It deactivates ctrader accounts if you leave them inactive for 90 days and demo contest accounts at the end of the round.

Should you sign up at octafx?

We recommend octafx because it gives you the maximum opportunities to profit from your trading activities. You can profit more because of its low spreads, fast execution, and no swaps on overnight trades.

Octa forex executes as many as 97.5% orders without slippage. You can make deposits and withdrawals without paying any commission to the online broker. Plus, you can maximize your profits by copying the trades of expert traders through the copytrading app.

There are a few cons to trading at octafx. Many traders feel that the list of assets is too small. The company offers customer support only 24/5 and not round the clock. But the benefits of trading at octafx are definitely more than the disadvantages.

We suggest that you explore the various trading opportunities at the FX & CFD broker and sign up if you like what you see.

So, let's see, what we have: read our octafx broker review and find out how to get a octafx demo account! Deposit only $100 and start real trading on MT4 platform! At octafx binary options