Octa FX

4.2
Rated 4.2 out of 5
4.2 out of 5 stars (based on 6 reviews)
Excellent50%
Very good33%
Average0%
Poor17%
Terrible0%

 

 

Is OctaFX scam or legit? OctaFX is a trusted global broker that offers a user-friendly platform, and a wide selection of tradable instruments. OctaFX acts in full compliance with international legislation and regulation standards and guarantees fund security and negative balance protection to their clients.

The five OctaFX benefits

This is why we rank OctaFX as the best Forex broker.

  • Security. They provide you with a prosperous environment by utilizing the tightest spreads in the industry, providing top market conditions and fixed-rated exchange rates (in some cases). OctaFX also offers negative balance protection, the industry’s lowest minimum deposit, no slippage or delays, no swaps, maximum leverage of 1:500, and does not make commission from deposits or withdrawals.
  • Convenience. OctaFX grants local deposit and withdrawal options. Their customer support speaks your language, so it should come as no surprise that they work with local banks and transfer services that enable you to make deposits and withdrawals seamlessly.
  • Peace of Mind. Take comfort in knowing that OctaFX has won many awards from several Forex focused publishers, including an accolade naming them the top broker in Asia.
  • Profit potential. OctaFX offers some of the most famous and most lucrative contests. Whether it’s for IBs, traders, or demo users, people have been winning huge prizes, like brand new cars, just by trading. There are even weekly random drawings for scooters. They provide a standard 50% deposit bonus, which sometimes climbs to 100% during special events or holidays.
  • Rewards. OctaFX has two unique programs. A free status program, which unlocks a bevy of benefit like even lower spreads, faster withdrawals, and invitations to VIP events. Additionally, you’re awarded incredible gifts just by trading, like MacBooks, and all for free.

OctaFX detailed information and reviews

This OctaFX Forex broker review is meant to help guide those unsure of how to navigate the murky Forex waters. Should you focus on who has the best Forex app or which broker offers the best copy trade platform? When searching for a Forex broker that is right for you, you need to consider several factors, like: Are they trustworthy and reliable, what are their fees, how is their platform, do they offer mobile trading, how is their customer service, do they have copy trading services. In this case, we will examine OctaFX. Is OctaFX a scam? No, absolutely not.

OctaFX has been in the market for years, servicing clients worldwide, but mainly those residing in Asia. They’re embedded deep within the fabric of society in countries they work with through charitable initiatives. There is not a single Forex broker that can claim to be more reliable or trustworthy than OctaFX.

OctaFX has taken home over 35 awards! Most notably, OctaFX was named the Best Forex Broker in Asia (2020), meaning that they are the best Forex broker in India, Malaysia, Indonesia, Pakistan, and elsewhere! To top it off, the best Forex app belongs to OctaFX as well, claiming that award back in 2018 when European CEO Magazine bestowed upon them that honor. These awards not only signify their respectability, but they denote an opportunity for potential clients to seek refuge with OctaFX and earn more.

OctaFX is an umbrella brand used by two independent broker entities. Octa Markets Cyprus Ltd is an investment firm registered in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC) using the domain OctaFX.eu. This enables users to trade with a broker under European regulatory oversight with enhanced levels of safeguards. The OctaFX.com website is registered under Octa Markets Incorporated established in St. Vincent and the Grenadines which permits its clients to take advantage of higher leverage and bonus promotions.

OctaFX Mobile App

A mobile version is available via the app store, free of charge. In 2019, Europe CEO Magazine awarded OctaFX for the Best Mobile Trading App. The app can used the same way as on desktop. You can modify your leverage, track your contest statistics, make money transfers, activate bonuses, and more. The user interface made the experience fun and easy to maneuver. The app supports nine languages in total.

Whether you live in India, Indonesia or Pakistan, rest assured that OctaFX has you covered with daily expert trading advice along with educational insight.

OctaFX regularly holds webinars which are beneficial for those new to Forex trading and are determined to make a career out of it. While learning on your own is admirable, OctaFX works with big names in the industry and connects with their base through different mediums.

Copy trading

Several platforms offer services allowing newbies to copy professional traders. OctaFX’s program works in a similar way. In fact, according to Forex-Awards OctaFX is the ‘Best Copy Trading Platform 2020’. What makes OctaFX’s copy trading platform rise above the rest is the care they put into it.

Of course you can sort through thousands of Master Traders through the category that appeals to you most and read what they have to say about their trading strategies, but OctaFX goes a step further. They have in-house experts that closely monitor Master Trader’s and make sure they’re not engaging in risky trading behavior or misleading copiers.

OctaFX has first-class customer service, something other brokers could boast about. A representative is available to you 24/7 and they speak your language. When you consider how many countries OctaFX services, then it becomes even more impressive. Peace of mind may be the most underrated benefit, yet when you need an issue resolved, regardless of the time, OctaFX is there.

OctaFX offers ultra tight spreads. The quotes at OctaFX are quoted at up to 5 decimal places and start from as low as zero pips for their ECN accounts. There are no commission charges applicable for trades with OctaFX.

Instrument Spreads (in pips):

  • EUR/USD Minimum 0.4 pips
  • GBP/USD Minimum 0.5 pips
  • AUD/USD Minimum 0.6 pips
  • USD/CHF Minimum 0.4 pips
  • EUR/JPY Minimum 0.6 pips
  • GBP/JPY Minimum 0.7 pips
  • NZD/USD Minimum 0.6 pips

OctaFX Trading Information 2022


WWWhttps://www.octafx.com/
AddressSuite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines
HeadquartersSt. Vincent and the Grenadines
Free phone 
24 hour support 
Partnership programs 
Expert advisors 
Free education 
Bonuses, Promotions 
Sponsorship contests, competitions 
1st deposit bonus 
Mobile trading 
Automated trading 
Demo account 
Swaps 
24/5 trading 
Scalping 
Hedging 
Digits after the dot in quotes5
Minimum position size0.01
Pip spread on majors0.3-0.7
Spread TypeVariable
Maximum Leverage500
ECN, $ 
STP, $ 
Standard account, $50
Mini account, $50
Popular payment methodsCredit Cards, Wire Transfer, Skrill, FasaPay, Neteller, Local banks
Account currenciesEUR, USD
Available assetsGold, Silver, Crypto, Indices
LanguagesEnglish, Indonesian, Chinese, Portuguese, Spanish, Bahasa Malaysia, Hindi, Bengali, Urdu, Vietnamese, German
PlatformsMetaTrader4, MetaTrader5 for Android/iPhone
Broker typeBroker
RegulationSVG
Foundation2011
Copy Trading Brokers 
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January 6, 2024

I will forever be grateful to the team of hackers at REFUND POLICY after they successfully helped me recover $ 61 k worth of bitcoin that I had lost to a fake crypto investment platform I found on Facebook. I got really depressed and suicidal having lost such amount of money, I then discussed my predicament with my younger sibling who then introduced me to this hacker they went to college together. At first, I was reluctant to contact the hacker as I thought it will be impossible for the bitcoin I had sent to be recovered, but I am so glad that I did contact them because it was like magic after only 18-20hrs they were able to help me recover my lost bitcoin. They even told me that it took the long 18-20 hrs because the sc^mmers had moved the bitcoin from the wallet i paid to into another one. I will forever be grateful to REFUND POLICY, that’s why I am going to drop their contact details here incase anyone has been a victim of any crypto scam, it is not too late at all. Email: refund policy 82 at g mail dot com and their whats app is : + 1. 626. 770. 9574. Do not hesitate to get in touch with them.

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I invested $30k

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I invested $30k with lexatrade, and they refuse to release my deposit and profit, I have to contact a recovery expert called Mrs. Doris Ashley, I got in touch with her and make my report, I gave her some information and in 3 days time I got back my lost money to lexatrade scam , you can reach out Mrs. Doris Ashley company email on dorisashley52@gmail.com or WhatsApp him directly on +1 847. 238. 1880.

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I got my lost fund back

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January 6, 2024

Coinfx is a big scam broker, I paid a huge amount with nothing in return, They scammed me, into putting my hard earned money with hope to get some profits in return, they won’t allow me to withdrawal my investment. All because all they wanted is to steal my money. I went ahead to seek a refund case against them, to my greatest surprise, they helped me withdraw my money, I contacted (rogermartin860@gmailcom) and his team of experts, they were able to assist me with the withdrawal of my investment, and restore my funds, they are responsive, you can reach out to him for help also,I guess am not the only victim many people might need this information…

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