OctaFX Review
A well- know broker on Forex and CDF, OctaFX was established in 2011. The company gained popularity for comfortable trading conditions. The company is registered in the islands of Saint Vincent and the Grenadines, and its main customer base is in Europe.
Regulations and licenses
OctaFX provides online trading platforms such as OctaFX Holding plc. The company’s business is supervised by CySEC, an authority in EU regulations. The company is acknowledged to be owned by ARlear Inc OU Group based in Tallin, Estonia. The company also has an FSC license in Mauritius. The overall licensing policy makes the broker a reliable market dealer meeting various European regulations. OctaFX is allowing great investing opportunities with comfortable co-operation. Octafx.com offers user data protection and security guaranteed by the encryption protocol TLS/SSL. The resource authorities guarantee that the data of the clients’ location is also not stored and not used in the OctaFX environment.
OctaFX website
The official website of the company octafx.com suggests easy navigation through the sections of the site. A user-friendly interface allows locating all the information needed for a start. The website sources contain sections on trading platforms’ availability and descriptions, best conditions for brokers, promotional and referral programs, education and analysis section. Download trading software directly on a website — MetaTrader4, MetaTrader5, cTrader app. Step by step tutorial on how to start trading is available. The website presents
video guides on ‘how to open an account and start Forex trading’, ‘how to
install trading software, ‘how to place the first deposit and withdraw funds’ — everything is there for best experiences and understanding of how trading and the Forex market works. Choose from multiple language panels: English, Vietnamese, Chinese, Thai, Spanish, German, Portuguese, Indonesian, Malay, Arabic and many others. Live chat with customers and technical support is available on the website.
OctaFX trading platforms
The company has been providing traders with the opportunity to invest in the market for 10 years, since 2011, helping traders easily determine income and trade profitably. The comfort of trading starts with options of using a desktop version and an application for smartphones based on iOS and Android. The company used to have MetaTrader 4 and now has a modern MetaTrader 5 trading platform. OctaFX has several types of accounts, additionally, to the main types on octafx.com, there is also demo-account, available for free of charge unlimited practice. This attracts brokers with a variety of preferences. The trading platform cTrader app is also recognized by OctaFX.
MetaTrader4
A MetaTrader4 Micro platform is a great option for brokers who are not ready to risk and implement strategies with large investments or prefer a more traditional terminal. The deposit for launching and trading with MetaTarder4 starts at 100 USD. For more results and convenient use, OctaFX suggests starting training and trading with MT4. This experience is necessary for understanding the techniques and strategies. The company even runs demo account contests each month and awards winners with real money prizes of 100, 300 and 500 dollars. You have a chance to make money while practising with a demo account and competing with other participants. Looks like a great start with no investements.
The new MetaTrader5 platform
OctaFX allows connection to trade platform for Forex market and CFD contracts. In addition to Forex, it includes trading indices and commodities. MT5 for OctaFX allows access to currency calculators, financial analysis, market indicators, trading history and technical support. Trading advantages include advanced features for trading cryptocurrency, testing strategies tools with expert advisers and strong analytical instruments for timeframes charting.
MT4 features are getting more advanced in an MT5 version, which demonstrates an advanced platform functionally. The number of analytical tools increased alongside charts and timeframes are getting more advanced. MetaTrader5 App is offered as a super-fast solution for trading multiple assets. Available to download and use directly from all devices and platforms including iPhones, IPad and Android.
The use of MT5 with its integrated features opens new opportunities for more experienced traders. OctaFX company recommends it as the more advanced platform with a minimum required deposit of 500 USD. This type of account allows the widest
set of assets and features. Both demo and real accounts are available.
OctaFX trading opportunities
The broker has several popular assets in the list of offers including trading: currencies(Forex), indices, crypto, metals and more. In addition to Forex trading, there is access to stock trading with global companies, commodities, and CFD contracts.
The other offerings include a 50% bonus on big transactions, narrow spreads and no commissions. The website is convenient allowing quick access to the most valuable and advanced features.
OctaFX reviews
The review of the company’s clients are mostly positive and suggest comfortable trading conditions and an informative website with quick access to all features. Most respondents also notice profitable partner programs, strong analytics and small initial deposit. Beginners notice unlimited opportunities for practice and easy registration. Despite some neutral reviews on the internet, overall the users are happy with the work of the broker. Many noted the professionalism of the OctaFX team and recommend the company for cooperation.
OctaFX trading advantages and summary
-professional trading platform
-support new traders and international clients
— FSC (Mauritius) and CySEC (EU) licensed
— low trading costs and narrow spreads
— a demo account and advanced training for beginners
— deposit starting at 100USD
— millions of traders and over 10 years of experience
— offers various packages for different account types
— free training and unlimited use demo-account
— special features for customers
— 1:30 and 1:500 leverage
— spreads starting at 0.2 pips
-MT4, MT5 and cTrader app trading platforms
-trading apps available on Google Play and App Store
— best Exchange rates for Forex brokers are available
— 0% commission for deposits and withdrawals
— no hidden fees
— swap-free Islamic account available
— trading without swap fees
— covers over 150 countries and multiple languages
— trade of around 100 assets available
— over 10million accounts opened with Forex
— fast deposits and withdrawals
— easy sign up with your name and e-mail address
— trade any time with 24 /7 trade and technical support
Open Account
OctaFX, a broker in operation since 2011 out of St. Vincent and the Grenadines, serves over 1,500,000 traders from more than 100 countries; they report that order execution exceeded 288,000,000.