OCTAFX – OVERVIEW OF THE TRADING PLATFORM Min. deposit 5$ Min. trade price 0.01$ Website address https://www.octafx.com/ Demo account No Currency EUR USD Supported languages Eng Active Yes * The amount that will be credited to the account in the case of a successful deal Trustpilot Real Time Reviews The Trustpilot rating is 4.6, according to 3330 reviews vishmay vaidya in This is my second review after my widrawal problem happened earlier with octafx. They has solved the problem now. Few drawbacks which still need to be improve by octafx: 1. Try to lower your spread. 2. Please deliver trade and win product on time. It is taking 2 months to delievr it. 3. lower your deposite time period. many broker use to credit amount within 15 mins.View all Israel mx Está súper fácil de utilizarView all ADEDAYO MUYIWA THOMAS ng OCTAFX is a very helpful, educative and reliable FX company. They encourage traders and sound alarms when accounts are about to enter red.View all Mohamad Amin Bin Abdullah my trusted broker,very fast deposit and vert fast for withdrawView all Sucahyono Trader id Excellent trading with easy appView all Jaxx ph Octafx has a nice trading platform both its trading platform itself and copytrading platform. I think no one can compete with their rebates or incentive of the IB partner. Easy also to switch IB and I've noticed a lot of mentors. I have experienced fast withdrawal and deposit as a first time to withdraw. One thing I don't like is the high spread. I will come back again to be active using Expert Advisor soon.View all Load moreContent WHAT ARE OCTAFX REGULATIONS? WHAT CAN I TRADE? WHAT ARE THE ACCOUNT OPTIONS AT OCTAFX? WHICH TRADING PLATFORMS ARE AVAILABLE AT OCTAFX? WHAT’S THE MAX LEVERAGE I CAN GET? WHAT ARE THE FEES AND SPREADS? WHAT ARE OCTAFX TRADING CONDITIONS? WHAT ARE OCTAFX’S DEPOSITS AND WITHDRAWALS?Today I’m going to talk about OctaFX.The brokerage firm provides one of the best trading environments.Its features cater to every level of trader.Let’s take a deep dive into what OctaFX is and its key features.OVERVIEW OF OCTAFX Founded in 2011 in Saint Vincent and Grenadines, OctaFX is one of the top brokers.It offers various features to anyone who wants to enter the financial markets.The company promises to provide high-quality trading services to its clients.OctaFX spans over 100 countries and is a service provider for thousands of traders.The firm offers plentiful tradable assets along with efficient trading platforms.Learn how to differentiate real trading platforms!The leverage and commissions are some of the best in the industry.When talking about educational content, OctaFX stands out.OctaFX homepageIt offers trading content for every level of trader.I’ll dig deeper into everything later, so don’t worry!Since its foundation, it has received several awards for its services.Recently, OctaFX received the best broker of Asia award in 2021.It has also partnered with Southampton FC.Let’s go into details, shall we?WHAT ARE OCTAFX REGULATIONS? Having a license from a reputable regulatory body is necessary for any broker.Regulations ensure that your trading funds are secure with the broker.Let’s find out what is the regulation for OctaFX.As I mentioned, OctaFX has its main branch in Saint Vincent and Grenadines.So, it has regulations from SVG’s Financial Services Authority.The broker also has regulations from CySEC.Having CySEC regulations means OctaFX complies with European laws.The broker recently became a member of the UK’s FCA (Financial Conduct Authority).FCA is one of the top regulatory bodies on the planet.While talking about regulations, you need to consider a few things.Here I’ll give you details about them.PROTECTION OF FUNDSEvery broker must comply with regulatory bodies’ investors’ protection funds.FCA and CySEC require brokers to protect investors’ funds in case of bankruptcy.So, with OctaFX, you have a protection of $20,000 if the broker doesn’t protect your funds.CAPITAL SPECIFICATIONS Brokers must meet minimum capital requirements.It is the amount brokers must have if they can’t pay you.It’s the protection of your funds.It acts as a buffer between your funds.If a broker does anything suspicious, you can file a complaint against it.You can complain about the regulatory bodies’ websites.OctaFX is licensed from CySEC.So, in case of any doubt, you can contact CySEC authority.Also, OctaFX is a member of FCA.FCA is one of the hardest regulatory bodies in the world.Brokerage firms must comply with strict policies when they become a member of FCA.Therefore, OctaFX complies with all of FCA policies.SEGREGATED FUNDS Segregated funds help in keeping clients’ money separate.It means that the broker can’t use your money.A broker can’t tap into our account and use your profits or account balance.OctaFX complies with the segregated funds’ policy.So, rest assured your funds are in safe hands.Having segregated funds also means fast processing of withdrawals.You can instantly request withdrawals and OctaFX will price it.Further reading Building Small Profits, Fast: How to Use a Scalping Strategy for Options Trading Intrade.Bar is a transparent binary options broker MBA Forex Blamed CBN Because Of Inability To Return Funds What Is A Forex Cent Account? Learn About The Basics! THE POCKET OPTION REVIEW 2022: PROS & CONS Pip calculatorWHAT CAN I TRADE? OctaFX offers a plethora of tradable products.So, you can diversify your portfolio.Let’s see what OctaFX has to offer.OctaFX offers over 32 forex pairs.The pairs include forex majors, minors, and some exotics.There’s confusion that OctaFX is exclusively a forex broker.However, that’s not the case.OctaFX does offer forex pairs, but it isn’t limited to forex.It also offers various assets.These include stocks, commodities, cryptos, metals, and energies.You can trade stocks like FAANG (Facebook, Apple, Amazon, Netflix, and Google) and others.OctaFX forex tradingOctaFX indices panel includes Dow Jones, NASDAQ, Eurostoxx, and Nikkei.When talking about cryptos, you can trade Bitcoin, Ethereum, and Litecoin.You can also trade precious metals like gold and silver, along with energies like gas.Further reading Features of Islamic accounts for trading in binary options and Forex The "Roof" strategy of trading on the futures market What Is FOREX? Unknown Facts & Figures (The Ultimate Guide) How long does it take to learn to trade binary options? 10TRADEFX REVIEW 2022: IS IT WORTH IT? What does a forex trader do? What is forex trading?WHAT ARE THE ACCOUNT OPTIONS AT OCTAFX? OctaFX provides you with three main accounts.These accounts differ in terms of fee, leverage, and platform.Let’s find out which account is best for you.The first type of account is the micro account.It has a minimum deposit of $5.It is basically what you can call a beginner account.On opening the account, you can trade on OctaFX’s MT4 platform.In this account, spreads start from 0.4 pips, and there is no commission.The leverage on the micro account is 1:500 for forex pairs.However, as I’ll explain in detail later, that leverage depends on your location.Next comes the Pro account.You can open it with a minimum deposit of $500.The spreads on the account start from 0.2 pips and there is no commission.The leverage for this account is set at 1:200 for forex pairs.OctaFX provides you with their MT5 platform when you open a Pro account.The Pro account is suitable for all types of traders.Thirdly, we have an ECN account.The account has a minimum deposit of $100 and spreads start at 0 pips.You get access to the OctaFX cTrader platform when you sign up with this account.The maximum leverage you can get is 1:500 for forex pairs.OctaFX account typesBesides the three main accounts, OctaFX also has an Islamic account.The Islamic account complies with Sharia law.The account doesn’t have an overnight fee for opening positions.OctaFX has a reputation for providing the best Islamic account.When talking about account types, OctaFX also offers a demo account.The demo account is a great choice for anyone starting trading.You can have the feel of the real account and can learn a lot.ACCOUNT OPENING PROCESSThe OctaFX account opening process isn’t a hassle.You can open an account in less than 10 minutes.All you need to do is:Sign up with your preferred account type and deposit funds.You need to provide your name, email, and password.After that, you can have a trader’s dashboard.You can download the OctaFX platform or use it as a browser and start trading.Further reading Trading Strategy Using The MA ALMA Trading strategy on a fractal reversal with the RSI filter How Long Does It Take To Get One Bitcoin? Binary Options Brokers FinmaxFX Review 2022: Is It Worth It? EXANTE BROKER REVIEW 2022: COST AND BENEFITSWHICH TRADING PLATFORMS ARE AVAILABLE AT OCTAFX? Trading platforms define a broker’s ability.The number of trading platforms a broker has, the more it is flexible for users.OctaFX offers three platforms; MT4, MT5, and cTrader.The Micro account comes with the MT4 platform.The MT5 comes with a Pro account, and the ECN has cTrader access.All of these platforms offer plenty of trading features for your use.The MT4 and MT5 are the benchmarks of trading platforms.Most traders use these platforms for trading.cTrader is new in the platform’s town.It works with ECN brokers like OctaFX.Besides the web or the download version, OctaFX comes with the mobile app.You can access these platforms through a mobile app and trade whenever you like.Further reading How to make money on binary options without any investment? 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Leverage plays an important factor in determining your trade’s profitability.It acts as a booster for your positions.However, high leverage can also backfire.OctaFX has a maximum leverage of 1:500.The maximum leverage depends on your account type and your location.By location, I mean from where you open your account.For instance, if you open an account from Singapore, you can leverage 1:500.But if you open an account from the UK, the maximum leverage you can get is 1:100.It’s because when you open an account with the UK, you are under the regulations of FCA.And FCA limits brokers in providing high leverage.The same goes for CySEC regulations.The maximum leverage you can get is 1:200 if you open an account from Europe.If you open an account besides the UK and Europe, you can have a leverage of 1:500.Read our article about leverage trading to learn more.Further reading The Most Popular Trading Assets For Binary Options How to Buy Stripe Stock Take-profit and stop-loss on the IQ option platform! 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Fees and spreads play an important role.High spreads and fees can drain your account.Let’s find out how OctaFX performs in this regard.OctaFX offers some low spreads and fees.It beats some of its competitors in low spreads and fees.The ECN account has zero spreads on major forex pairs.But there is a commission on the ECN account.The Micro and Pro account also has low spreads as I mentioned earlier.These accounts come with zero commissions.OctaFX spreads pageSpreads and fees also depend on the platform.For example, the MT4 platform has higher spreads than MT5 or cTarder.Spreads on MT4 start at 1.1 pips for major forex pairs, which is fairly high.On the MT5 platform, you can spread from 0.9 pips.Further reading Close Option - binary options broker review Moon Bitcoin Review 2022 (True Or Fake) Convert Satoshi to Bitcoin and Bitcoin to Satoshi Calculator Learning to use the Economic calendar in binary options trading Volume Based Trading Techniques (Volume Indicators) What Is Online Wealth Market (The Full Review 2022)WHAT ARE OCTAFX TRADING CONDITIONS? Trading conditions define if the broker is suitable for you.OctaFX provides favorable as I mentioned earlier.Let’s dig deeper into OctaFX trading conditions.OctaFX provides floating spreads that change according to market conditions.OctaFX basically passes on the best bid/ask price from the liquidity provider.The primary advantage of a floating spread is that it is usually lower than the average.However, anticipate it to broaden at market open.For instance, spreads can widen during important news releases or during high volatility.Slippage is another phenomenon that comes with trading conditions.When slippage occurs, the OctaFX system configures to fill orders at the best price.Further reading What Is AdvCash Or An Off-shore Payment Card Alternative IS QUOTEX A SCAM?? READ THIS BEFORE TRYING THE BROKER IN 2022 Binarycent an automated binary options broker review (US, CA, AU) The 80/20 rule In Trading. How To Implement It? 110 Trading Quotes to Set You on the Road to Success Live Binary Options ChartWHAT ARE OCTAFX’S DEPOSITS AND WITHDRAWALS? OctaFX offers a vast majority of deposits and withdrawal methods.In addition, the broker doesn’t charge a deposit and withdrawal fees.Here’s how OctaFX’s deposits and withdrawals work:You can deposit funds in EUR and USD as base currencies.The deposit methods include; bank transfers, credit/debit cards, Skrill, Neteller, and Bitcoin.All payments are instant accept bank transfers.It can take up to 3 business days.You can use all of the above-mentioned methods to withdraw funds.Again bank transfers can take 2 to 3 days.FAQsHow much do I need to start trading with OctaFX?You can open an account with a minimum deposit of $5. However, you may need a decent capital to invest so that you can earn a handsome profit. The reason is, your profit depends on your capital as this all runs in terms of percentage.Has OctaFX got any regulations?OctaFX has regulations from CySEC and FSA, while it is a member of FCA. Moreover, the broker is engaged with several local authorities to enhance its footprint worldwide. As time proceeds, the broker is gaining repute across the globe.How many types of accounts can I open with OctaFX?You can open three types of accounts; Micro, Pro, and ECN. Each account has peculiar trading conditions, minimum deposit requirement, spread and other variables. As a beginner, you may go for a micro account with minimum deposit.Which trading platform is best on OctaFX?All trading platforms are unique, and one isn’t better than the other. It depends on your trading style and your account type. You are entitled to use MetaTrader4 with OctaFX. However, the broker is attempting to move towards MetaTrader5 and perhaps offers other platforms as well.Which maximum leverage I can choose?You can have a maximum leverage of 1:500 if you are not from Europe or UK. For European and UK clients, OctaFX offers max leverage of 1:200. You have the ability to choose the custom leverage. Also, the leverage offered are linked to the account types as well.Should I open an account with OctaFX?The choice of opening an account with the broker depends on you. This review can act as a guide on the broker’s services. Give it a try with a demo account, observe the trading conditions and then jump with your real money.FINAL THOUGHTS OctaFX is a good all-around broker that offers various services for its clients.As with other brokers, you must do proper research before opening an account with OctaFX.Overall, the broker provides a suitable trading environment that satisfies all your trading needs.Further reading Binotrade - binary options broker review How Сan Binary Options Brokers Cheat You? Top Five Richest and Most Influential Traders Today Top 10 Fun Facts About Forex Trading Live Currency Heat Map Should I register an account on the Block Option?