OctaFX Review: Your Gateway to Affordable and Diverse Trading

OctaFX Review: Your Gateway to Affordable and Diverse Trading

Live chat is the main means of contact; it provides quick help and is open 24/7 in English, Hindi, and Urdu, among other languages. Traders can email the support staff at for non-urgent questions. The mobile app is also offered for both platforms, while apps are simple to use and offer a wide range of tools at the same time. MT5 mobile offers various charting capabilities and customization which is fantastic for mobile trading along with full management of your account.

🕌 Islamic Accounts

The broker offers excellent deposit and withdrawal speeds that are fulfilled within the same business day during the week. This allows you to start trading faster with instant deposits and receive your funds faster through the same-day withdrawals. Octa scored highly in my trust test with 12 years of industry experience and licences from CySEC, MSC, and MISA delivers a secure and transparent forex broker. I think the broker’s trust is supported by its 60+ awards from the forex industry and 8,000+ positive TrustPilot reviews demonstrating that its clients are happy with its operations.

TRUSTED BROKERS & TRADING PLATFORMS

Through InvestinGoal, Ucchino helps users navigate the world of online investing and trading by providing trading guides, best brokers rankings, broker reviews, and broker comparisons. In addition to the markets offered, as an OctaFX trader, it is likely that you may come across some of these extra octafx review products that the broker makes available depending on your location. These are all useful and important tools to utilize for any forex trader on all platforms and brokers.

• Our competitive spreads and comprehensive educational content, including tutorials, webinars, and videos on platforms like YouTube, are designed to support traders at all levels of experience.
• This means they adhere to strict laws and oversight designed to protect traders.
• Overall, Octa has streamlined the deposit and withdrawal process, making it convenient and efficient, without imposing any extra fees.
• Octa is an STP Forex Broker also runs high standards of secure trading environment, as of the regulation it imposes.
• If there are any specific features or improvements you’d like to see, feel free to let us know.
• This is the platform that allows for STP and the lowest execution latency.

Copy Trading 🎛

Any profits that exceed this funding level will need to be received through an alternate method like bank wire or e-wallet. We would also like to point out that all accounts come with a minimum lot size of 0.01 with no maximum lot size. Master Traders will receive payment from their Copiers every week, on Mondays at 12am. Copiers will be charged commission the moment a trade is opened, and you will receive the commission through a special Wallet. This profile aggregates professional traders’ performance, displaying it to the public and letting them promote it. As OctaFX is a CFD broker, you will be trading on margin and using leverage.

How are Execution, leverage and position sizing with OctaFX?

This means they adhere to strict laws and oversight designed to protect traders. Yep, this forex broker is still a spring chicken compared to some of the old dinosaurs in the industry. But in its short life, OctaFX has already made quite a name for itself. Research tools provided by OctaFX include a well-detailed economic calendar which keeps you updated with all significant economic events and how they may impact you.

Available for Android and iOS smartphones, the Octa MobileTrader app offers a flawless trading experience. The program showed amazing capability during testing, letting users access more than eighty trading instruments and make swift trades. With 30 technical indicators and 15 drawing tools, the app allows efficient chart analysis right away. OctaFX’s revenue model relies on spreads, with no commissions or fixed fees. Despite this, the platform offers highly competitive spreads that are on par with other leading online trading platforms. Deposits and withdrawals are swift and fee-free, a notable advantage.

• To properly increase their trading skills, the platform provides thorough instructional tools, including webinars, beginning and advanced trading videos, and trading glossary.
• He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.
• Octa has over 50 different payment options, such as Visa, Neteller, Fasapay, and bitcoin, as well as a large variety of local bank transfers.
• Looking at the fiat side deposits, you can pay in either EUR or USD.
• The minimum deposit on this type of account starts from only $25.
• Here will have an account that is totally Sharia law compliant and benefit from the award-winning service of OctaFX in the area.
• Octa offers a mere 257 tradeable instruments, which varies by platform, with the most on its MT5 offering.

For beginners or casual traders like myself, they offer their own proprietary web-based platform called OctaFX WebTrader. The company was founded in 2011 by a team of fintech enthusiasts who wanted to make trading accessible for everyone. Their goal was to create an open and welcoming platform for newbies and experienced traders alike. Their website promises trading on low spreads, fast execution, and reliable service. So we needed to take a closer look to see if OctaFX could be trusted or if they were just blowing smoke. This effectively means that they can provide the very fastest order executions in the industry, along with direct access to a number of liquidity providers to give you the best possible prices on each asset offered.

That said, keep an eye out for higher commission with these accounts. Reductions on spreads of up to 14 points include the following currency pairs; EUR/USD, GBP/USD, USD/JPY, NZD/USD, USD/CHF, and USD/CAD as well as EUR/AUD, EUR/GBP, GBP/JPY, GBP/CAD, NZD/JPY, among others. To help support traders currently impacted by COVID-19 across the world, OctaFX is reducing spreads to enable higher profits.