With the help of advanced technology, great commission & fee, and super Customer Service, OctaFX has managed to expand its arms into more than 100 countries. Now, they have more than 300k live accounts and achieved the milestone of $4 Billion in daily volume. Read the complete OctaFX Review now.
Regulated by CySEC, SVGFSA
OctaFX is one of the widely known names among all the brokerages across the trading sphere. Possessing more than 1.5 M live trading accounts, the brokerage was fabricated back in 2011 and is located at Saint Vincent along with in the Grenadines.
Not only that, they have formed a 2nd operational base which is located at Jakarta inside Indonesia. Moving on, at the EU continent, the brokerage is known by Octa Markets Cyprus Ltd which is located at Limassol in Cyprus with a regulation rendered by CySEC.
Now, let's get a closer look at how the broker has won several awards as well as gaining a HUGE takeover.
VISA, awepay, Bitcoin, FasaPay, Local Bank Deposits, Local Bank Transfers, Neteller, paytm, Skrill, UnionPay
VISA, awepay, Bitcoin, FasaPay, Local Bank Transfers, Neteller, paytm, Skrill, UnionPa
OctaFX is offering three types of trading accounts to the retail market traders which include:
Note: The minimum trading volume is 0.01 lots and which is accounted for by all the trading accounts provided by OctaFX.
Besides, it's the spreads, available assets, and deposit amounts that make the actual variations between the trading accounts provided by OctaFX. A minimum amount of 100 USD is required for the micro and ECN accounts. On the other hand, the PRO trading accounts require a minimum deposit amount of 500 USD.
Note: OctaFX also provides Islamic swap-free accounts so that Muslims all across the globe don't have to face any halal or haram-related delusions while trading.
Besides, OctaFX is known for providing decent spreads, and living up to that expectation they are providing around 0.7 pips for EUR/USD, 2 pips for XAU/USD, 3.5 pips on NAS100, 3.1 pips for BTC/USD. Apart from that, you'll also be getting fixed spreads accounts for MT4 trading accounts.
As per the leverage, it's up to 1:500 for currency trading in the MT4 accounts, and in MT5, it's 1:200.
Note: For the European traders the leverage rate is 1:30.
OctaFX provides all the essential market assets for the traders so that they can experience an ultra-wide range of trading assets.
Specifically, they are providing,
Forex: More than 30 currencies to choose from.
Indices:10+ indices are available to trade which obviously include the US30 along with NASDAQ
Commodities: You'll be able to choose from gold as well as silver, and also brent along with crude oil.
Cryptocurrencies: You'll be able to choose from the 3 most traded cryptocurrencies including BTC, ETH, and LTC.
OctaFX or also known as Octa Markets Ltd is a regulated Foreign exchange brokerage company that is empowered by one of the tightest regulatory bodies CySEC itself. Besides, the brokerage is regulated under license number 372/18 which is operational at St. Vincent and the Grenadines.
Hold on a bit.. that’s not it!
Additionally, Octa Markets Ltd is also regulated by the FSA (Financial Services Authority). Though sometimes it doesn't count as FSA is not known for regulating Forex brokers. Apart from that, you'll be getting negative balance protection from OctaFX.
When it comes to trading platforms, OctaFX literally comes top of the list with their wide range of trading platforms which obviously includes:
Let's break it down in a bit...
The MT4 trading platform is probably the most flexible and easy-to-use trading platform out there. It will give you access to use your personalized EA's, 30+ trading indicators, advance charts, and graphs, market trends, and much more!
Note: OctaFX only provides the MT4 trading platform to their non-EU clients.
On the other hand, the MT5 is available for all traders and it is known as the next-gen platform through its prominence performance and speed accuracy. In the MT5 you'll be getting 8+ pending orders, 44+ analysis, various trading indicators, trading calendars, trends, and much more!
Moving on, OctaFX also provides a web trader platform that is customized for both MT4 and MT5 trading platforms. Additionally, you'll also be getting access to cTrader which is specially designed for Forex and CFD trading. The platform contains 26+ trading charts, up to 70 types of technical indicators, more than 28 timeframes, and much more!
For mobile trading, OctaFX provides the MetaTrader 4 and cTrader platforms for both android and IOS devices. Though the mobile trading app is heavily customizable, it only lacks one thing that is you won't be getting any MT4 support on this app.
Besides, it features:
Source:Forexbrokers.com
So, if you want to experience a fluent c trader and MT4 trading experience then it might prove to be the ideal choice for you.
Like many other regulated brokerages, OctaFX also provides various trading bonuses from time to time. At certain time periods, OctaFX provides both 50% and 100% trading bonuses to its clients across the trading sphere.
Moving on, you can participate in the Trade&Win competition where you'll be able to win attractive gift packages including t-shirts and gadgets. Despite that, they also hold a car contest every 3 months.
Be sure to participate in all of them!
Well, the transaction method of OctaFX varies from country to country. Therefore you'll be eligible to use Debit and Credit cards, Perfect Money, BTC, i.e but it will be dependent on your country of residence.
Besides, for Thailand, Indian, and Nigerian traders local bank transactions are available. But keep in mind that the minimum deposit or withdrawal amount is 5 usd for Perfect money, 50 euro or equivalent for both BTC and bank cards.
No commission is charged while undergoing transactions except Perfect Money charges 0.5% on deposits and the withdrawal process takes generally 1-3 hours max.
OctaFX offers 24/7 effective and active customer support for all its clients so that they can get the best help possible. If you want to contact them via telephone then use the following contact numbers instead:
Besides, you can also mail them for any queries along with hop on a live chat with them whichever you prefer. Also, you can follow their social media pages for all the updates regarding bonuses and necessary updates.
Thinking about all the new and advanced traders of the Foreign exchange industry, OctaFX has created a dedicated educational program.
Though it's mostly blogs and tutorials for the market traders, there are also few things that even PRO's should look out:
They feature:
Source:Forexbrokers.com
Besides, the broker does have its own youtube channel which is really worth following. If you like you can check it out.
Let's start a combing camparison between Two brokers' widely used tools, mobile apps, platforms, spreads, and more.
Yes, simply switch on the Islamic option when opening a new trading account. Please note that swap-free accounts do not offer any benefits over regular accounts. There is a fixed fee for using swap-free accounts.
Commission = pip price * swap value of the currency pair.
The fee does not count as interest and depends on the direction of the position (i.e. buy or sell).
MT4 and MT5 trading hours are 24/5, starting at 00:00 on Monday and closing at 23:59 on Friday server time (EET/EST). cTrader server time zone is UTC +0, however, you can set your own time zone for charts and trading information in the right bottom corner of the platform.
3 hours
We usually process withdrawal requests for 1–3 hours, but it's up to your payment system how long it will take the money to reach the destination. For different local banks, these limits may vary.
Open MT4, then click "File" > "Login with trading account". In the pop-up window, enter your account number, trader password and select "OctaFX-Real' for real accounts or "OctaFX-Demo" if you log in with a demo account.
OctaFX offers CFDs on 10 of the most popular indices, including Dow Jones, NASDAQ, Nikkei, and EuroStoxx.
OctaFX trading servers are in London. OctaFX has a wide network of servers and data centers located throughout Europe and Asia that ensures low latency and stable connection.
OctaFX is one of those Forex brokers that have an excellent reputation in the financial markets due to their unique service offering, which caters to the different requirements of a wide variety of retail traders.
Please note: Make sure your credentials match your documents as you'll be asked to confirm your personal data during verification. Please also bear in mind that since you can only use your own bank account, credit/debit card, or e-currency wallet, your personal info should match the account or cardholder's name as well.
Over the two years of trading with LiteFinance, I've found their support team and dealing department to be respectful and responsive to all my questions. Withdrawal requests are processed swiftly as well!
Trading with Litefinance since 2014 has been a satisfying experience. Their fast automatic fund withdrawal, convenient web terminal and mobile app, low spreads on ECN accounts, and good trade performance have impressed me. Even during problematic situations, Litefinance has quickly resolved issues in my favor. I highly recommend trading with this broker.
A great and safe broker with transparent live chat for sharing trading ideas. Keep it up, Litefinance!
Litefinance's daily transaction receipts help me track my account effectively. I recommend them.
I'm a recent user, and though I can't comment on profits yet, their customer service has been impressive.
I recently joined FPMarkets, and I can already say that I highly recommend it. The withdrawal process took less than 2 days, and I'm very pleased with FP Markets.
Fast withdrawal and excellent service! The Customer Support team is not responsive.
I've explored FP MARKETS, and I must say it's pretty cool with high-quality tools and features. With a rating of about 4.7 points and being a regulated company, I consider it trustworthy. Keep up the good work, FP MARKETS!
The interface is excellent, and I've always found their customer support to be responsive. Deposits and withdrawals are fast and smooth. I've been using Exness for a year now and couldn't be happier with their service.
I have had a great experience with this broker, and their market analysis tools are easy to use. Thanks, AssetsFX!
I really wish they offered a cent account on the mt5 platform; it would make them the best broker out there. That's why just putting a star off the rating.
This broker is incredibly user-friendly, and their withdrawal process is straightforward and hassle-free.
It’s all a scam , I invested 90,750 US dollars with scam broker FXG trade and never got my money back and they kept asking for more which I couldn’t meet up with their demands, so they never got back to me anymore and i was so desperately in need of help to recover all the money back to me, fortunately I came across a colleague that introduced me to a binary options trade funds recovery expert who goes by the name Mr Maxwell Devine when i met him i did not believe that he could get back my money because i have been scammed a lot already and didn’t know what to do, but my spirit told me to give it a try and i did, feel free to contact him via his email address:{devinemaxwell28 (@) gmail.com}. and he will help you to recover all your lost investment that was denied from you by your scam broker.
My experience with AssetsFX has been positive. For EAs, scalpers, and auto-trading, provide outstanding virtual private server (VPS) solutions. This is a terrific chance for the trader. I have a special place in my heart for this broker. For a long time, I want to trade with them.
AssetsFX is a simple-to-use broker, to put it simply. AssetsFX is a fantastic place to start if you are new to this industry because they feature upper-edge customer service, a live chat option that promptly resolves your issue, blogs, and instructional seasons. Additionally, new users can benefit from their Demo account setup too. In short, it's an amazing broker.
The main obstacles to trade are middlemen and an absence of dealer control. The broker without a tracking desk to oversee traders is AssetsFX. Traders are able to use their own trading methods. My interest in collaborating with them is mostly motivated by this. Thanks for the best service.
I'm a U.S user, and while exploring brokers heard about AssetsFX. But unfortunately, like so many brokers, AssetsFX doesn’t accept US clients. For me, It's the most disappointing thing. Why you don't accept the U.S client.
I chose AssetsFX because it offers to trade on consistently low spreads from 0.0 pips, and it's authentic. Along with that, they don't prefer any kinds of hidden fees.
Multi traders like me who want to keep an eye on all trading platforms can choose AssetsFX because you can easily control Forex, Crypto, Indices & Commodities from here. Thanks! Team for the best service.
The main thing that attracts me to trade with AssetsFX is the multilingual customer support. I think it is essential for a broker because all clients are not comfortable with a fixed language, and it is beneficial to find out the problems and solve them quickly.
The extensive Liquidity supported by 20 central banks and hedge funds is covered by AssetsFX. The trade is made simple for me by this feature. But the mobile trading app ought to be bilingual.
Recently I learned about Assetsfx. This broker offers so many facilities to their clients. They provide a 20% Deposit bonus. I like their approach.
Assetsfx provides a wide range of trading options. There is also excellent customer service and an Instant Cash Back option.
I've traded with various well-known brokers, and I can tell that Assetsfx is a trustworthy broker, especially their Web Trading system. You should DEFINITELY check that out!
I heard that AssetsFX pays a $1 reward for each lot traded when you register a new live account with a minimum deposit of $500, which is real. Thanks, team for providing the best service!
AssetsFX accepts a wide range of trading techniques and assures that you can trade as you choose. In my opinion, trading should be done according to one's preferences. It comes highly recommended from me.
PerfectMoney, Bitcoin, Ether/Ethereum, Ripple, Tether (USDT), and Other Crypto Currencies, as well as Local Transfer alternatives, are all available for deposit and withdrawal at AssetsFX. This is huge for a trader, in my opinion.
AssetsFX does not offer the MetaTrader 5 trading platform. I'd want it to be here, though. I think adding this broker will bring extra facilities.
Many brokers have limitations, but AssetsFX has none. You can make as many payments per month or per client as you want. For me, it is the most visible aspect of this broker.
I have been trading on this platform for just a few months. I'm very pleased with their online service and quick customer feedback.
I've been using this platform for a long. And in this time, I have seen remarkable changes in their system. FBS uplifted its platform to another level. Looking forward to their further progress.
It's an average broker.
I've only collected positive ideas during my nearly two years on Tradersway. I've had great customer service and a simple withdrawal and deposit process.
XM Trading is straightforward. However, it is simple to use. It has simplified my trading experience. The customer service personnel is friendly and helpful. They provide outstanding service.
Their Customer Service is effective and efficient in general. They delivered my verified account in a quick period of time, which is impressive. I'd like to stick with it.
Avatrade broker, in my opinion, is a hassle-free way to purchase and sell. After using it, I am completely satisfied and would recommend it to friends.
I noticed that OctaFX, a forex broker, had won 35 awards! It is also Asia's best broker. It demonstrates that it is a reliable Forex Trading Broker. OctaFX is something I use frequently, which is why I strongly suggest it to everyone.
It's a fantastic platform. The best thing is that withdrawals and deposits are processed quickly with no charge. Exness deserves praise.
The best product on the market is provided by FP Market. It's both unusual and smooth. It's my favorite.
Litefinance was a good experience because they offer a wide range of trading options, which caught my curiosity. In addition, compared to other places, admission fees are low.
The best thing about IC Market is that there are no trading restrictions and the spread is global. A minimal amount can be traded. As a result, anyone can effortlessly select this broker.
One of the greatest sites for newbies, especially those looking for quick results. It's safe and well-suited to trade.
This platform is ideal for anyone wishing to grow their Forex trading network. It also has collaboration programs.
JustForex is an excellent site to invest in overall, although the interface should be improved.
I've only collected useful ideas during my nearly two years on Tradersway. I've had great customer service and a simple withdrawal and deposit process.
XM trading platform is easy and the deposit and withdrawal process is fast. Traded with their bonus and it was easy without encumbrances. I will recommend XM to anyone any day and their customer service is efficient.
Tickmill is, in my opinion, the better option, but it will be even better if ECN introduces a $50 minimum credit requirement.
AVA Trade provides poor service. They only told me to put down more and more money. Withdrawal is destructive. Do not waste your time with an ineffective agent.
OctaFX offers so many opportunities that anyone can benefit from them, which is its best feature.
Exness is one of the most outstanding online trading platforms I've seen. However, I believe that some things should be added.
When trading with any currency, the FP Marketing broker is simple to use. Withdrawals and deposits continue to flow unabated. This is the broker I like.
The most important aspect of forex trading is order processing speed, which this broker provides in spades. As a result, I give it a thumbs up.
The market sentiment indicator on the IC Markets broker displays how other people are trading. It is very beneficial to new traders in terms of developing strategies. So far, it's been a fantastic broker.
As a Muslim trader, I prefer FBC because they provide swap-free accounts (known as Islamic accounts) which don't contradict the teaching of Islam. It is the best part of this broker I think.
From my side, Robo Forex is a great place to earn profit by promoting the materials they provide on other websites. Good to have knowledge about them.
My overall perception of Just Forex is good. I didn't need that much time to verify my account, also my every deposit and withdrawal experience was smooth. They offered broad resources to explore.
It's been a year since I'm using this trading platform. TradersWay provides the best rates and low spreads, and fast execution. Happy with service.
The motive of XM brokers is to provide the best service to its clients. Trust me they do what they say. I am fully satisfied with their ministry.
Tickmill brokers are very professional and sincere. I have been using Tickmill since 2019 and with time, their services are getting better and better.
First time using this site. Everything is working smoothly. But some features need to be improved. Above all, it’s the best broker.
OctaFX is an official forex trading platform. Settings helped me to manage my profile and deposits. It also has a demo option for beginners.
Exness a perfect brokerage platform for a good investment. I've tested the platform with a demo version and had a good experience. Now I'm about to start with a real account.
On its YouTube channel, FP Market has a number of educational videos that serve as a guide for its users. In my opinion, it is the best aspect of this broker.
Using LiteFinance as a day-to-day FX broker was indeed a worthy experience as they provide a lot of trading opportunities. Also my funds have grown in this broker platform. Finally, after a lot of hassle, I've succeeded in getting a trusted company that pays instantly. This is the best place at the right moment everyone must invest.
Excellent broker for both Forex and CFD trading. Its fast functionality and easy navigation amazed me most.
The best thing about FBS that amazed me most is its diversity. They value all clients, understand them, and fulfill their different demands. In a word, they have good management.
Robo Forex has a great reputation for providing 24/5 currency exchange service and customer care, which nobody can deny. They keep their customers happy by giving them access to their forecasts and educational materials.
Truly satisfied with Just Forex's leverage for deposit and its fastest withdrawal process. Looking forward to building my career as a trader with Just Forex.
Tradersway is a great platform for trading, I started my trading journey with them and there is no looking back since then.
Trust me XM is really a good Forex broker. This broker is trustworthy. Withdrawals are always fast and smooth. But it needs to be updated. Hopefully, they update it soon and ensure the best version.
Tickmill has very professional brokers. I have worked with many brokers, but they are the best. And their fast deposit and withdrawal process is very convenient.
Avatrade has many options to explore not only buying and selling shares. I can choose the perfect platform to invest in by comparing the industry. Worthy to use.
For beginners, it's a great platform to start their forex journey since OctaFX offers comprehensive video tutorials and articles. They also have manuals, traders' tools, and many more features.
I started my forex journey with Exness, and it's very user-friendly. It provides Fast-paced transactions and instant withdrawals, which I appreciate.
FP Markets is most known for its Forex trading, but it also offers CFD trading in equities, metals, commodities, and indices. It is equipped with cutting-edge online trading software designed exclusively for CFD trading. Consider it to be an excellent trading option.
LiteFinance is a really good Foreign exchange broker. This broker is trustworthy. Withdrawals are always fast and without any additional checks. I would also like to note the fast execution of trade orders. Hopefully, in the future, their market analysis app will get better.
IC Market ensures the best and the most transparent trading experience. For a long time, I've been with IC and wish to be with them.
