OctaFX Review 2022

OctaFX Review 2022 Visit OctaFX
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Nominated in Best Micro Forex Broker
Best Crypto Broker Asia
Best ECN / STP Broker
Best Cryptocurrency Broker
Best Forex Mobile Application
Best Trade Executions
Best Social Trading Network
Best Forex Broker Canada
Fastest Growing Provider
Best Copy Trading Platform
Best Mini Account Provider
Best Introductory Program
Best Trading Experience
Founded 2011
Regulation SVG
Standard account $50
Leverage 1:500
Spread 0.3-0.7
Forex Awards OctaFX Awards
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Written by Stephane Dubois Written by Stephane Dubois
Reviewed by Sandro Pontedra Reviewed by Sandro Pontedra
The rating system featured by Forex Awards is an effective, trustworthy and unbiased tool to find the Best Forex Brokers worldwide. Forex Awards methodology.

OctaFX General Information

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. 

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.

Instrument Spreads (in pips):

OctaFX Trading Information 2022

Address Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines
Trading software MetaTrader4, MetaTrader5 for Android/iPhone
Free Education Webinars Team of industry experts gives daily and weekly webinars, introducing you to trading strategies, fundamental analysis, and more. Market insights Daily and weekly forecast, trading ideas on the hottest currency pairs delivered by the market experts. Education Comprehensive materials to help you get started with Forex trading. Available for every OctaFX client.
Available Assets Gold, Silver, Crypto, Indices
Currencies Why OctaFx is your best choice for currency trading: we don’t charge hidden commission. You can check with our transparent trading conditions and enjoy our highly secure services with the focus on your convenience. We allow you to adjust your trading preferences upon creating your trading account, and we don’t limit you on their number—find the trading platform and condition you like. You can use auto trading. Do you want trading bots to earn money for you? Robots don’t take emotional decisions, they are quicker, and they don’t get distracted. You can apply Expert Advisor, cBot, or other automated system and run it on your OctaFX trading account. Tune them on our limitless demo accounts and then put them to action. WE PROVIDE NEGATIVE BALANCE PROTECTION Even if you put your investment to a maximum risk, and your balance goes negative after an unsuccessful order, we’ll compensate it back to zero. In this case, you won’t owe anything. But nevertheless, we recommend you build a solid strategy and focus on saving your money.
Precious Metals Gold has great transferable value and historically has been proven to be highly dependable for gold traders. Plus, in general, precious metals make an excellent bolster during periods where currencies are depressed, and inflation is high. The most popular traded commodity Excellent hedge against inflation and deflation Historically strong demand
Commodities Сommodities are tradeable physical assets such as metals, including gold, silver, platinum, and copper as well as crude oil, natural gas, and other resources. The value of commodities to a trader is that they have little connection with the ups and downs of currencies and the stock market, helping create a diverse and stable investment portfolio. Modern investment offers a variety of easy ways to take part in commodities trading—the most common of these is trading CFDs (contracts for difference). These let you take a position on a commodity’s price without actually owning the asset. Advantages of CFD trading: The ability to profit from not just strong markets but falling ones as well Speculate within a wide range of markets from just one platform.
Stocks Traders choose to trade stock market indices because, compared to traditional individual stocks, it’s easy, execution is rapid, and short selling and day trading approaches do not imply any restrictions. Some other advantages of trading CFDs on indices include: Bigger profits Higher Profit Potential. As CFD allows for buying and selling indices without prior investment in stocks, you can benefit from both the falling and rising of the stock market if you predict the direction of its movement correctly. Lower Costs and Spreads. Trading indices as CFDs is less costly than trading the underlying index, with similar scope for profits. Moreover, OctaFX provides the lowest spreads on indices in the industry. Faster Execution Speeds. With market execution, orders can be executed without any delay, for faster and more efficient trading.
Indices With OctaFX offering CFDs along with other instruments, you can profit from the 10 most popular indices, including Dow Jones, NASDAQ, Nikkei and Eurostoxx 50.
Cryptocurrencies Cryptocurrencies are available on the MetaTrader 4 and MetaTrader 5 platforms. OctaFX supports trading in Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash.
Investments Portfolios Margin trading lets you create a diverse investment portfolio rather than locking up all your capital within a single transaction.
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.
Trading signals Free Forex signals: Get automated alerts when it's time to open a trade. What you can do with the Autochartist forex signal provider: Follow automated alerts to open and close orders. Optimize your Stop loss and Take profit levels with our volatility analysis tool. React quickly to important price movements. 83% trend prediction accuracy on USD pairs and more. Close up to 50% more orders in profit with automatically identified emerging and completed chart patterns. Stay informed about the market movements and trading opportunities with Autochartist market reports. Using Autochartist is easy. See for yourself! why use autochartist with OctaFX MetaTrader4/5 - compatible. Combine it with a favourite platform. Predictions are based on analysis of OctaFX quotes, not some random. Liquidity provider
Account currencies EUR, USD
Payment Methods Credit Cards, Wire Transfer, Skrill, FasaPay, Neteller, Local banks
Affiliate Program OctaFX Affiliates get much more than an opportunity to attract clients: Quick and easy way to get started; Perfect trading conditions for clients; High affiliate payouts; Tailor-made solutions for top affiliates; Easy and prompt payments; No limits on payouts.
First Deposit Bonus Yes
Commissions Yes
Languages English, Indonesian, Chinese, Portuguese, Spanish, Bahasa Malaysia, Hindi, Bengali, Urdu, Vietnamese, German
Spread Type Variable
Broker Type Broker
Minimum Lot Size 0.01
Digits After Dot 5
ECN Account 50
Mini Account 50
24/5 Trading
Demo account
Daily Analytics
Swaps
Hedging
Scalping
Minus Protection
Mobile Trading
Automated Trading
Promotions
Contests

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