Min. deposit
5$
Min. price
0.01$
Website address
www.octafx.com
Profitability
*
Demo account
No
Currency
,
Supported languages

* “The amount that will be credited to the account in the case of a successful deal
www.octafx.com
General Risk Warning: Binary options trading carry a high level of risk and can result in the loss of all your funds

  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.

 

OctaFX – forex and ECN broker review

 

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.

● Bid size – 0.01 lot.

● Maximum leverage is 500: 1.

● Account currencies – Euro, American dollar.

● Bonuses – provided.

● Automatic. trade – yes.

● Contests – held.

● 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.

OctaFX – overview of the trading platform
Rate this post
Start trading
General Risk Warning: Binary options trading carry a high level of risk and can result in the loss of all your funds

Pin It on Pinterest

Share This