OctaFX Review - Is OctaFX Legit
OctaFX Review - Is OctaFX Legit
Min. Deposit: $25 HQ: SVG, Cyprus Platforms: MT4, MT5
Leverage: 1:30 / 1:500 Regulation: CySEC
OctaFX Licenses
- Octa Markets Cyprus Ltd – authorized by CySEC (Cyprus) registration no. 372/18
The OctaFX Broker has been providing Forex services since 2011,
💰 Save Money with Cashback.
🎁 Best Offers and Gifts.
💰 100% Deposit Bonus.
💳 Weekly Transfers to your accounts.
👇 How To Get Cashback.?
Benefits
OctaFX Overview
OctaFX Trading Broker is a global online forex broker. They offer a range of financial instruments for trading, including currency pairs, commodities, indices, and CFDs. The company was founded in 2011 and is headquartered in Saint Vincent and the Grenadines.
It offers services to traders around the world, including those in the European Union, Asia, and the Middle East. OctaFX is regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. Additionally, OctaFX is regulated by the Cyprus Securities and Exchange Commission (CySEC). The OctaFX Broker claims to offer competitive spreads, fast execution, and a variety of educational resources for traders.
| Broker | OctaFX |
|---|---|
| Trading platform: | MT4, МТ5, MultiTerminal, MT4,MT5 Web Platform, Mobile Platforms |
| Accounts: | Demo Account OctaFX MT4 Account ,OctaFX MT5 Account |
| Account currency: | USD, EUR |
| Minimum deposit: | $25 |
| Deposit / Withdrawal: | Tether , Bitcoin, Skrill, Neteller, Perfect Money, VISA and MasterCard, Cryptocurrency |
| Mobile trading: | Octafx trading app, octafx copy trading app |
| Orders execution: | Market execution |
| Trading features: | Cryptocurrency trade available |
Our OctaFX Review
Your capital is at risk.
What Is OctaFX
Since 2011, OctaFX Broker has been offering Forex services. It operates under the CySEC license. It provides a basic, low-cost MetaTrader platform experience. Additionally, it offers its social copy-trading platform. Regulated from SVG, and CySEC. OctaFX Is today one of the leading online Forex and CFD brokers.
OctaFX Pros and Cons
| Pros | Cons |
|---|---|
| Minimum deposit of $25 To start trading. | Phone support not available 24/7 |
| OctaFX copy trade for those who don't know how to trade. | VPS Services not available. |
| Awards winning broker | Not available to US customers |
| No commission or extra charges on deposits and withdrawals | |
| Multiple trading platforms: MT4, MT5, Web-platform, mobile platform. | |
| No swaps fee for Islamic countries. | |
| Flexible bonus conditions for octafx traders | |
| Instant deposit and withdraw | |
| Instant Execution | |
| Forex 35, Metals, Indices, cryptocurrencies, Energies, Stocks. |
Your capital is at risk.
Is OctaFX Legit Or Scam?
No, OctaFX Trading Forex Broker is not a scam. It is authorized by FSCA South Africa, and operates under the relevant country’s legal requirements. It provides low-risk Forex and CFDs.
“OctaFX is Legit Broker”
In 2011, OctaFX Trading Broker began offering its services worldwide. Since then, it has grown to become one of the top brokers. OctaFX is Popular in Providing service in Asia countries like Indonesia, Malaysia, Pakistan, and other countries
OctaFX Account types
OctaFX trading broker provides two types of accounts. that define trading conditions and different platforms for trading.
- OctaFX MT5 account Recommended for trading on stocks. where you get advanced trading conditions. the spread floats from 0.6 pips. that is good for OctaFX traders. In the OctaFX MT5 account, you will get 35 Forex currency pairs, gold, silver, energies, indices, Stocks, and 30 cryptocurrencies for trading
- OctaFX MT4 account is recommended for beginner traders. the minimum deposit is $25 which is great for OctaFX traders. In the OctaFX MT4 account, you will get 35 Forex currency pairs, gold, silver, energies, indices, and 30 cryptocurrencies for trading
| Features | MT4 | MT5 |
|---|---|---|
| Starting Spreads | 0.6 pips | 0.6 pips |
| LEVERAGE | 1:500 for currencies (1:100 for ZARJPY) 1:200 for metals 1:100 for energies 1:50 for indices 1:25 for cryptocurrencies | 1:500 for currencies (1:100 for ZARJPY) 1:200 for metals 1:100 for energies 1:50 for indices 1:25 for cryptocurrencies 1:20 for stocks |
| Account Currencies | USD, EUR | USD, EUR |
| Comission | $0 | $0 |
| Minimum Deposit | $25 | $25 |
| Min Lot Size | 0.01 | 0.01 |
| Swap | Swap Free/Islamic Account | Swap Free/Islamic Account |
| Demo Account | YES | YES |
| Trading Instruments | 35 currency pairs + gold and silver + 3 energies + 4 indices + 30 cryptocurrencies | 35 currency pairs + gold and silver + 3 energies + 10 indices + 30 cryptocurrencies + 150 stocks |
| TRADING ON STOCKS | NO | YES |
| Copy Trading | YES | YES |
Spreads/Commission in Forex
Live Averaged Spreads and Commissions of OctaFX Trading Broker Accounts. The OctaFX spread is a float at 0.06 pips.OctaFX provides a very good spread in comparison to the industry
Octafx spread live mt4/mt5 accounts
OctaFX Minimum Deposits & Withdrawals
Bitcoin
Minimum Deposit- 0.00037000 BTC
Minimum Withdraw- 0.00009000 BTC
Bank Card Bank Card
Minimum Deposit- -$50
Minimum Withdraw- $10
Skrill
Minimum Deposit–$50
Minumum Withdraw- $5
Neteller Neteller
Minimum Deposit- $50
Minimum Withdraw $5
PerfectMoney
Minimum Deposit- $25
Minimum Withdraw- $5
Tether (USDT TRC-20)
Minimum Deposit- $50
Minimum Withdraw -$20
Tether (USDT ERC20)
Minimum Deposit– $50
Minimum Withdraw- $20
Dogecoin
Minimum Deposit- 230.00000000 DOGE
Minimum Withdraw 75.00000000 DOGE
Litecoin
Minimum Deposit- 0.30000000 LTC
Minimum Withdraw 0.11000000 LTC
OctaFX Minimum Deposit
OctaFX Minimum Withdrawal
OctaFX Copy Trading
Octa Markets Incorporated is a well-established forex trading platform that offers an innovative approach to trading with its copy trading feature. With their mobile trading apps, users can easily copy the trades of experienced traders. This allows them to profit from the same strategies and techniques.
Copy trading with OctaFX is simple and straightforward.
- All you need to do is select a trader to follow.
- Allocate a portion of your funds.
- Let the platform do the rest.
The platform automatically copies the trader’s trades in real-time, ensuring that you never miss an opportunity to profit.
Copy trading with OctaFX is perfect for beginners who are just starting with forex trading. By following experienced traders, you can learn the ropes of the market and develop your own trading skills. Meanwhile, experienced traders can use the platform to share their knowledge and expertise with others while earning additional income.
Overall, OctaFX’s copy trading feature is a game-changer for the forex trading industry. With its ease of use and accessibility, anyone can now participate in the exciting world of forex trading. Mobile trading apps make it even easier to access markets and potentially earn significant profits.
OctaFX Fee
OctaFX Trading Broker never charges its clients. OctaFX Says to their Clients. Best conversation rate of currencies for deposit and withdrawal. No Commission and No Hidden charges.
Your capital is at risk.
How to open octaFX account
2. Enter your name, email and add your password. Agree you are not a US citizen or resident. then click on Open Account.
3. After click on open account you will get confirmation mail on entered email address. open that mail and press Confirm.
4. Here you need to fill out your personal information like your country, phone no, and date of birth. make sure you have entered the correct details. because when you will upload your document for KYC. it will be checked.
5. Now you can select here your account OctaFX mt4/ OctaFX mt5. set your leverage according to your trading strategy. and press the continue button. now you are in the OctaFX personal area.
6. Now you are in octaFX personal area dashboard. now you have access to upload your documents for KYC. you will find your name on the right top.
There is no verified badge. press on the setting icon and go to your details.
7. Here you will get your Verification status is unverified. press on unverified and upload your documents.
After uploading the document, wait for the verification process. You will receive a confirmation email. Now you can check the verified badge under your name on the top right. now you can deposit and trade with OctaFX.
Your capital is at risk.
OctaFX Tools
OctaFX Margin Calculator
If you’re a forex trader, you already know that calculating margin is an important part of risk management. Margin is the amount of money required to open a new position. It is typically expressed as a percentage of the trade size. “It’s important to calculate the margin before opening a new trade.”
OctaFX offers a powerful margin calculator that makes it easy to calculate the margin for any forex trade. Here are some of the key features of the OctaFX margin calculator:
- Easy to Use: The OctaFX margin calculator is simple and intuitive to use. “Just enter” the currency pair you want to trade, the trade size, and the leverage. The calculator will “automatically calculate” the required margin.
- Accurate Calculations: The margin calculator takes into account three important factors to calculate the required margin. These include the current exchange rate, the size of the trade, and the leverage. This ensures that your margin calculations are accurate and reliable.
- Multiple Account Types: OctaFX offers multiple account types, each with different margin requirements. The margin calculator takes into account the account type you have selected to ensure that your margin calculations are accurate.
- “Real-Time Updates”: The margin calculator updates in real-time. This allows you to quickly and easily calculate margin for any forex trade.
Using the OctaFX margin calculator is simple. Here’s how to use it:
- Go to the OctaFX website and click on the “Margin Calculator” link.
- Select the currency pair you want to trade from the drop-down menu.
- Enter the trade size in lots.
- Select the leverage you want to use.
- Click on the “Calculate” button.
The margin calculator will then display the required margin for your trade. You can use this information to ensure that you have enough funds in your account to cover potential losses.
In conclusion, the OctaFX margin calculator is an essential tool for any forex trader. It’s easy to use, accurate and provides real-time updates. “By using the margin calculator, you can ensure that you have enough funds in your account to cover potential losses.”
“This way, you can trade with confidence.”
