Octa FX DETAILED REVIEW

    4.8
    Rated 4.8 out of 5
    4.8 out of 5 stars (based on 4 reviews)
    Excellent75%
    Very good25%
    Average0%
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    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 
    Bitcoin Forex Brokers

    Pretty good broker for newbie

    Rated 4.0 out of 5
    January 6, 2024

    Easy to register, good ui, fast execution

    Avatar for Iko
    Iko

    Torres

    Rated 5.0 out of 5
    January 6, 2024

    So far so good with this broker

    Avatar for Boujon
    Boujon

    HOW TO RECOVER YOUR LOST OR STOLEN CRYPTO

    Rated 5.0 out of 5
    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.

    Avatar for PENELOPE BARROWS
    PENELOPE BARROWS

    So far there are no problems for WD, (REALLY?!)

    Rated 5.0 out of 5
    July 27, 2022

    Overall good

    Avatar for Cak Noris
    Cak Noris