OctaFx Review 2023 – Pros and Cons

UPDATED ON :

OctaFX is a leading online forex broker that provides trading services to clients all over the world. The company was founded in 2011 and has since grown into a global brand, offering cutting-edge technology, superior customer service, and a wide range of trading instruments.

With a mission to empower people to trade with confidence, OctaFX offers an array of educational resources, including webinars, video tutorials, and trading guides. The company also provides a user-friendly trading platform that is equipped with advanced charting tools and customizable features to help traders of all levels execute trades with ease.

OctaFX is renowned for its tight spreads, fast execution speeds, and high-quality customer support. The company is committed to maintaining the highest standards of transparency and fairness in all its operations, and it operates in full compliance with global regulations.

With a diverse range of trading instruments, including forex, commodities, indices, and cryptocurrencies, OctaFX caters to the needs of all traders. Whether you’re a beginner or an experienced trader, OctaFX has the tools and resources you need to succeed in the dynamic world of online trading.

OctaFX

Brokers Name

OctaFX

Regulation

Octa Markets Incorporated, registration number: 19776 IBC 2011

Established

2011

Headquarters

Trading Desk

ECN/DMA

USA Clients

No

24H Support

Yes

Weekend Support

No

Website Language

English, Malay, Portuguese, Indonesian, Arabic, Thai, Chinese, Vietnamese

Account Details

Accounts

Min. Deposit

$100

Base Currencies

EUR, USD

Leverage

1:1000

Spreads

From 0.6 pips

Fixed Spread

No

Margin Call / Stop Out

25% / 15%

Trading Platform

MT4, MT5, OctaTrader

Trading Instruments

Commodities, Cryptocurrencies, Forex, Indices, Metals, Stock CFDs

Pros

  • Tight spreads, fast execution speeds.
  • User-friendly trading platform.
  • Educational resources.
  • Excellent customer support.

Cons

  • Limited range of assets
  • Restrictive account types

Trading Features

Commission

Yes

Mini Accounts

No

Standard Accounts

Yes

VIP Accounts

No

Pro Accounts

No

Islamic Accounts

Yes

Segregated

No

Managed Accounts

No

Demo Accounts

Yes

Trading Services

Hedging

Yes

News Trading

Yes

Scalping

Yes

Automated Trading

No

Trading Signals

No

Educational Service

Yes

Copy Trading

Yes

Mobile Trading

Yes

Trading Markets

Indices

Yes

Forex

Yes

CFDs

Yes

Commodities

Yes

ETFs

Yes

Stocks

Yes

Bonds

Yes

Crypto

Funding

Deposit

Bank Transfer, e-wallets, and crypto wallets

Withdrawal

Bank Transfer, e-wallets, and crypto wallets

Contacts

Phone

+357 25 251 973

Email

support@octafx.com

Address

EU – 1, Agias Zonis and Thessalonikis Corner, Nicolaou Pentadromos Center, Block: B’, Office: 201, 3026, Limassol, Cyprus

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