OctaFx Review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.

Octafx Offers Traders A Mostly Vanilla Metatrader And Ctrader Trading Platforms Experience. Beyond Its European License In Cyprus, Octafx Lacks Regulation In Major Jurisdictions, Which Puts It At A Severe Disadvantage Compared To Other Trusted Forex Brokers. Octafx Is Only Regulated In Cyprus, We Consider The Broker A Higher Risk Compared To Firms That Are Regulated In Numerous Tier-1 Jurisdictions, When It Comes To Trust Factors And Keeping Your Money Safe.

3.5/5

3.5/5

OctaFx Regulation

Octafx Is Regulated, Governed And Supervised By Reputable Financial Regulatory Bodies. Regulatory Bodies Monitor The Behavior Of The Brokers And If Things Go Wrong They Will Take Necessary Action. The Non-eu Entity Also Claims To Provide Segregated Client Accounts To Protect Trader Funds, As Well As Negative Balance Protection Which Ensures That Trader Account Balances Never Fall Below Zero.

  • Founded In 2011, Octafx Is Regulated In Only One Tier-2 Jurisdiction (Cyprus), Making It A High-risk Broker For Forex And Cfd Trading.
  • Every Broker Has To Meet Certain Rules And Criteria To Get This Government License. If A Broker Violates The Rules Or Attempts To Commit Fraud, The License Will Be Permanently Revoked.
  • The Octafx Broker Has Several Licenses, Which Bring Some Great Benefits For Traders.

OctaFx Summary

📝Ratings
⭐Trust Score61
🌐Websitehttps://www.octafx.com/
⚖️Regulation StatusRegulated
🏠Established2011
📉InstrumentsForex Currency, Commodities, Crypto., Indices, Metal
📊Trading platformsMT4, cTrader, MT5
📱Contact NoUnknown
📧Emailsupport@octafx.com

Is OctaFx Safe?

Octafx Is An Up-and-coming Broker That Continues To Expand Its Products And Services As A Result Of Its Company Growth After Nearly 10 Years In Operation. Adding Additional Regulatory Licenses In Tier-1 Jurisdictions Would Be A Welcome Addition To Help Octafx Win Even More Clients’ Trust. Octa Markets Cyprus Ltd, Regulated By The Cyprus Securities And Exchange Commission (Cysec).

Regulations Comparison

Year Founded2011
Publicly Traded (Listed)
RegulationFSA
Tier-1 Licenses✔️
Tier-2 Licenses✔️
Tier-3 Licenses✔️

OctaFx Leverage

The Octafx Broker Leverage Is A Digital Credit Provided By The Firm. The Higher The User’s Leverage, The Lower Marginal Compliances Will Be.

For All Octafx Account Types, The Access Leverage Is At 500:1. However, This Access Leverage Comes With Negative Balance Protection. With The Balance Protection Measure, The User Will Not Lose More Than The Funds They Deposit. The Balance Protection Assures The User’s Account Does Not Fall Below A Zero Valuation.

OctaFx offering of investments:

Forex Trading✔️
CFD Trading✔️
Currency Pairs 35
Cryptocurrency Pairs 5
Commodities and Metals 5
Maximum Retail Leverage ✔️
Maximum Pro Leverage
Bonds
ETFs ✔️
Social Trading / Copy-Trading✔️

OctaFx Commissions and Fees

Octafx Broker Doesn’t Charge Users Fees When They Register With Their Trading Platform. Additionally, There Are No Pre-mandate Trading Fees Applicable On Joining The Platform. Octafx Fees Spread And Commissions Start From Us Dollar 7 With Spreads As Low As 0.0 Pips.

Octafx Broker Has A Low And Incredibly Competitive Spread When Compared To What Other Brokers Offer By Offering A Spread List That Starts From 0.0 Pips Along With Commissions Charged From Us Dollar 0.02 Per 0.01 Lot Using The Ecn Ctrader Account.

Minimum Deposit$100.00
Average Spread EUR/USD - Standard0.6
Automated Trading ✔️
cTrader
Negative Balance Protection ✔️
Inactivity Fee

OctaFx Platforms and Tools

OctaFX offers traders the out-of-the-box MT4/MT5 trading platforms and upgrades the trading experience with the Autochartist Pro plugin. MT4 remains the market leader for algorithmic trading and is the most versatile trading platform with 25,000 custom indicators, plugins, and EAs. Both come with an integrated copy trading service.

MT4/MT5 trading platforms exist as a desktop client, supporting all features, a lightweight web-based trading portal for manual traders, and a mobile app.

A proprietary mobile trading platform is also available, allowing traders to manage their OctaFX portfolios. It has more than 10 million downloads from Android-based devices. The success of the proprietary OctaFX copy trading service resulted in the launch of a dedicated mobile app.

OctaFx Metatrader 4 Download

This account is a commission-free trading account where users can choose from fixed spreads starting at 2 pips or floating spreads starting from 0.4 pips. Spreads are marked up and there are swap-fees to hold trades overnight which can be found in the MetaTrader 4 trading platform.

OctaFx Metatrader 5 Download

This account is also a commission-free trading account where users can trade with floating spreads starting at just 0.2 pips. Spreads are marked up and, according to the broker’s website, there are no swap fees just three-day fees, as shown below:

 

 

Don’t Have OctaFx Account Yet?

Choose Now From Various Forex Account Typesx, Based On Your Trading Strategy, Experience, And Capital Designed For Investment. Choices Include Standard, Cent, Or Ecn Trading Account.

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