Octafx delete account

(risk warning: your capital is at risk)

The first step is a free demo account.
The minimum deposit is only $ 100 or € 100.
Leverage will be between 1:30 and 1: 500.
Spreads from 0.4 points
Different account types available
Platforms: metatrader 4/5, ctrader
Opportunity to execute orders quickly
Short trading possible
No hidden fees
Islamic accounts possible
Trading without swap fees
50% deposit bonus is possible

No deposit forex bonuses

Honest OctaFX review and test for traders, octafx delete account.

Honest octafx review and test for traders

review:	platforms:	spreads from:	leverage:
(5 / 5)	metatrader 4/5, ctrader	spreads from 0.2 pips	up to 1:500

The octafx broker for a long time in european countries has been providing services to traders in more than 100 countries. You might be surprised, the company is currently serving more than 1,500,000 traders. Here, according to the ECN (electronic communication network) model, the platforms can be selected.

In this review, we will show you all the details you need to know about octafx. Is it really worth investing your money there? – find out in our octafx review. Learn about the trading conditions, platforms, and special features for customers. With more than 8 years of experience in the trading industry, we checked octafx in detail.

What is octafx? – the broker presented:

You may know that there is no guarantee of making money in online FX trading. So we think it is very important to move towards the trading platform with your prudence, practical humanity, and knowledge. To be successful in online trading you need to go through many steps like practice, time, patience, and much more. Octafx gives you some of these opportunities so that you can deal with or defeat the market. The broker transmits clear-sighted market knowledge while maintaining the specific skills required to make money online which will give you a much higher balance of profits from losses.

Octafx is one of the best international forex and CFD broker. The main client base of octafx is in europe. This company has been providing opportunities for traders to invest in the market for a long time since 2011. A big advantage of this platform is that traders can easily determine the rate of low wages. Also, octafx helps to guess the speculation about their increasing rate.

More than 2,840,000 of the essential bonus fund was valued in that field. Here octafx is commission-free euro or USD only 0.4 pips! It helps maintain a highly competitive cost structure in emerging markets. The broker supports copy trading to support social businesses. Autochartist pro also supports traders in a wide range of ailments through manual support. Traders come to the octafx offer for the experience of ctrader trading and the metatrader platform.

Facts about the octafx company:

Founded in 2011

Based in cyprus and st. Vincent and the grenadines

Supports copy trading

Professional trading platforms

Low trading costs

Education for new traders

Supports international clients

(risk warning: your capital is at risk)

Regulations and safety octafx

All online trading activities are regulated by government financial authorities, so trades play a very important role. The license used in trading helps to build a confidential relationship with the customer and build a strong foundation. 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 holding plc is regulated by cysec (EU) which can give you maximum benefits. The broker has also a dealer license in mauritius (FSC). In this case, traders can make all their own decisions. There is a huge potential for independent limited business without any leverage.

Octafx is regulated by:

FSC (mauritius)

Cysec (EU)

Trading conditions for octafx traders – what are the offers?

Forex and CFD trading is very popular nowadays. Private traders like these assets a lot because they can access global financial markets using little capital. Also, you will get the opportunity to increase more profit from octafx. Traders get the opportunity to use maximum leverage 1:500 here. With your small capital, you can easily transfer higher numbers to the market.

Octafx trading conditions

The minimum deposit you can invest is 100$ or 100€ which is guaranteed at a much lower price than other brokers in the market. It is the best of octafx to make a conventional offer that you can apply and accept. You can enter the financial market with very little capital (0.01) lot depending on the position. The octafx broker offers different offers to the clients according to the package, based on the account type.

More than 100 assets are available on the platforms. That includes:

Forex (currencies)

Indices

Metals

Cryptocurrencies

Stocks

Investing here means to trade currency, cryptocurrency, any product, stock, and much more. Shares of octafx are excluded from the market subject to the terms of the german stock exchange and the american stock exchange. Many other parties use these shares on favorable terms. Octafx assets are always dependent on the current market.

Although variable spreads are offered in these trade markets, a higher spread may be transmitted depending on the number of customers. You can compare it to the initial or general trading of the stock market. But here the average of the spreads is calculated as 0.4 pip in forex. If you want to get it out of the stock index it will be less than 1 point. Even better if you expect a high rank spread then the black account can help you in this regard. You can use the RAW spread account as an alternative. You will always find many offers here.

See the table for spread comparison at octafx:

In some cases, special offers may be offered in this trade. Such as:

The first step is a free demo account.

The minimum deposit is only $ 100 or € 100.

Leverage will be between 1:30 and 1: 500.

Spreads from 0.4 points

Different account types available

Platforms: metatrader 4/5, ctrader

Opportunity to execute orders quickly

Short trading possible

No hidden fees

Islamic accounts possible

Trading without swap fees

50% deposit bonus is possible

(risk warning: your capital is at risk)

Test of the octafx trading platforms

Every professional forex broker must have a reliable trusted trading platform for trading. Traders use several tools to gather information on what kind of analysis traders are using in this trade market. See below to know about the various available platforms of octafx.

These are the available platforms of octafx:

Metatrader 4

Metatrader 5

Ctrader

Metatrader 4

Metatrader 4 is a platform that any user can use with ease. Because this trade is a process that is extremely flexible, fast, secure, responsive. Any customer can also use this platform for forex and CFD trading. It analyzes transactions in financial markets and provides secure and fast access. Users of octafx can ensure traders’ advanced access to trading operations in a reliable environment. Octafx trading is an international broker so it supports many languages. It is also very popular as it can automatically supply trades to the market. Also, MT4 has more advanced charging capabilities, it is fully customizable.

Metatrader 5

Metatrader 5 is one of the most popular trades on one of the most popular platforms in the world. MT 5 is the world’s number one multi-asset platform provider of futures, forex, CFD, exchange-traded instrument trading. Investors choose MT 5 as the best investment platform. This market has a large number of customers because this platform is very easy to use. MT5 includes level 2 pricing, robotic system trading, higher chatting, VPS support, education market. There is also the ability to provide free market data and news. The MT5 can also be said to be an automated trading option.

You can use the metatrader supreme edition platform to improve your business because the most advanced tools are applied here. We believe it improves the customer’s business experience. You can try using live and free demo accounts to enjoy this platform. Octafx MT5 and MT4 have powerful global widgets for feedback. This widget improves forex trading performance. Metatrader 4 and metatrader 5 play a major role in rapid order reversal and hedging promotion.

Ctrader

The ctrader is also offered by octafx. It has similar features to the metatrader platform. Here you can get a deeper look into the order flow and liquidity of the markets (level 2 market depth). Robot trading is supported and several chart types. With the ctrader, you will have access to the ECN market (electronic communication network). With ECN trading the conditions are better than with the metatrader accounts. From our reviews, you should use the ctrader for trading. It also supports customized indicators and tools.

Web trader/charting and analysis

Webtrader is a popular and convenient trading platform like MT4 and MT5. This trade allows traders to trade through browsers from anywhere. You can trade securely at any time in web trader. No download is required to get started. Works very fast without any OS choice. User-friendly (easy to use) can be done on the octafx platform. Web trade is much more advanced. Web trader works much faster.

Mobile trading:

MT4/5 and ctrader is one of the top software on the android platform on mobile. It has been designed by octafx markets for traders in a way that is easily accessible on mobile. Octafx clients allow them to access trading on any android device. Being mobile-friendly, it offers many benefits to clients or merchants. Octafx customers may not be able to place orders using mobile devices, where they will be able to perform basic technical analysis on the full chart. Customers will be able to do candlestick, line chart, bar chart, tick chart using excel on mobile.

Octafx allows mobile trading (app)

Octafx helps customers to know the basics by using the mobile trading app in the market. The mobile trading app encourages the customer to increase investment. See below the benefits you will get in the mobile app for metatrader 4/5.

Opportunity to watch live FX quotes, a chart with the display, platform customized, indicator add, broker’s clients can get a massage, market news, read and see broker news, all types of orders use. Time frames change, access trading history, and mobile access for online trading carry friendly and useful features.

The current market situation is quickly available in the metatrader 4/5 mobile application. The application is of course used for FX trading and it can be said to own a few powerful charting of all mobile applications.

(risk warning: your capital is at risk)

How to trade with octafx

Which market you trade your investment in depends on your choice.

Before any broker enters the market, you should know whether the market is moving upwards or downwards. It is up to you to decide whether to buy or sell stock spreads in this market. If you see a drop in the market price then you need to click on ‘sell’. On the other hand, if you see that the price has increased, then click on the ‘buy’ button.

Octafx order mask metatrader 5

You need to add stop-locks here urgently. Because when you move too far away from your location, you can secure your location through a certain process. Brokers can track trade market prices as well as place their trades in the trade market. You can also focus on real-time gains or losses.

How to open an octafx account

You can open a demo account on many topics at octafx. You can open a demo account accordingly by looking at the offers. It is very easy to open a demo account with the octafx and you will get this account quickly. To open an account you need to use your name and an email as well as a strong password. If you do not provide your full name and email address, the account will not be created.

For trading with real money, you will need to verify your account. That means octafx will require some documents to verify your identity. Just answer the questions in the account dashboard and upload the documents. The broker support can help you with that. The process can be over in a few minutes.

Opening account with octafx

Octafx offers different types of account:

The accounts that you can create with octafx are metatrader 4 micro, metatrader 5 pro, and ctrader ECN. We will talk about an account here for your convenience.

Metatrader 4 micro account

You can start with the micro account by depositing only $ 100. The account has floating spreads or fixed spreads. It is the best account for beginners because it offers micro-lots. That means you can open very small positions in the market.

Minimum deposit $ 100

Metatrader 4 platform

Floating spreads from 0.4 pips

Fixed spreads from 2 pips

Leverage up to 1:500

No commission

Micro-lots

Best for beginners with small amounts of money

Metatrader 5 pro account

The pro account is for traders who want to trade with more money and higher volume. The conditions are better than the micro account. The minimum deposit is $ 500 and the spreads are starting from 0.2 pips

Minimum deposit $ 500

Metatrader 5 platform

Floating spread from 0.2 pips

Leverage up to 1:200

No commissions

No swaps

3 days fees

Ctrader ECN account

ECN trading means investing in the market with raw spreads and deep liquidity. The ctrader is a good platform for professional traders who want to trade high volume with order flow. The minimum deposit is only $ 100. You will get real ECN access. The spreads are starting from 0.4 pips and you have to pay a commission per trade.

Minimum deposit $ 100

Ctrader platform

Spreads from 0.4 pips

Commissions from $ 3 / 1 lot trade

No swaps

Weekend fee

Demo account

You can use a free demo account to evaluate the platform first before depositing. Your virtual credit will be included, in the demo account with 10,000$ automatic funding. It will be deleted from the account after 30 days. Octafx clients submit this demo account so that the customer can be aware of all the tools.

Is there a negative balance protection octafx

Trade market clients think about broker protection before investing. The broker provides customers with maximum protection from investing. Octafx eliminates fears by traders by applying the best tools to ensure additional funding. In some cases, account balances can be negative. Because there is no negative balance system. Octafx can lose its unbalance in extreme market conditions. There is no reason to worry, the broker automatically shuts off your positions as soon as it is detected.

Octafx negative balance protection

Deposits and withdrawals with octafx:

As discussed above, the minimum deposit for opening a real trading account is $/€ 100. You can use for the deposit different payment methods. The available payment methods are:

Bank wire

Credit cards

Cryptocurrencies

E-wallets (skrill, neteller, perfectmoney, and more)

On most payment methods there are no fees for depositing and withdrawing money. Octafx will not charge additional fees but the payment provider can do it. The fee is depending on the payment methods but most payment methods are for free. The deposits can be instant by electronic methods. With a bank wire, you have to wait 3-5 days to credit the money into your account. Withdrawals with octafx are very fast too. It is depending on the time of the day, sometime the withdrawal is made in a few hours. The maximum time amount is 3 – 5 days for a withdrawal.

(risk warning: your capital is at risk)

Octafx accepted countries and forbidden countries

See below the countries that can access octafx trading:

For a long time in the octafx trading, argentina, australia, austria, bahrain, belarus, brazil have been trading deposits. Also, bulgaria, china, croatia, cyprus, czech republic, denmark are far ahead in terms of business investment. Renowned european countries such as estonia, france, finland, germany, greece, hungary, india, ireland, israel, and italy are directly involved in octafx investment. Octafx includes many more countries, including kuwait, malaysia, malta, mexico, monaco, the netherlands, norway, latvia, and liechtenstein. However, lithuania, luxembourg, oman, poland, portugal, russia, saudi arabia, slovakia, slovenia, south africa, sweden, spain are still trading here. Octafx allows direct deposit transactions to switzerland, thailand, the united arab emirates, the united kingdom, and qatar.

Octafx trading does not give or receive access to US customers in any way.

Each of the countries you see here has the support to join the broker octafx. This company is a very large trading platform so you can safely place your deposits or assets here. Moreover, there is support for a minimum deposit.

Special offers:

There are some special offers from octafx. It supports copy trading and a deposit bonus of up to 50%. In the following section, we will give you more details on it.

Octafx offers a copy trading service to its clients. That means you can copy the trades of other traders or get copied. You do not have to be a forex expert to make money with octafx. You can search for a profitable trader and invest in their trader one by one. It is also possible to diversify your portfolio by invest in more than one trader for better risk management.

With octafx you have always control over your portfolio and the copied trades. It is very easy to manage. Just deposit money into your account, pick a successful trader, and start invention.

Copy professional traders 1 by 1

Full control over your investment

Follow the best traders

Earn money automatically

Get copied and earn additional money

Easy to use

Deposit bonus

Octafx offers a 50% deposit bonus. You will get additional money to increase your margin if you activate the bonus. But first of all, you can not pay out the bonus, you can only use it to make more profit. For withdrawal of the bonus, you have to do a certain turnover in trading volume (the bonus amount in lots divided 2).

50% deposit bonus

Increase the free margin

You can withdraw the bonus after doing the bonus conditions

The bonus is available for all deposits over $ 50

Conclusion on the octafx review: recommended broker

By now you must have got a great idea about octafx. We would say from our experience that this broker has its license so you can use deposits or assets in this market. Octafx has long been involved in investing and it is directly regulated by the government.

The number of customers of this company is increasing day by day. So octafx proves that it is a reliable trading platform. If you search for it in online brokers, you will first see the name of the octafx. It also controls everything through the provision of powerful software and allows customers to access the account through the mobile app. If you want to gain a transparent trading experience, create an account with octafx broker. You can get something great, from the offers of this company. You will even get the opportunity to get involved in the business with very little profit.

Overall it is a professional provider for forex and CFD trading. The trading conditions are very good and the trading fees are low. In addition, copy trading and a deposit bonus are offered. Deposits and withdrawals are working very fast.

Advantages of octafx:

Regulated and safe broker

Free demo account

Minimum deposit only $ 100

High leverage up to 1:500

Different account types

Metatrader 4/5, ctrader

Spreads from 0.2 pips

Low commissions

Professional support

Copy trading

Deposit bonus

Octafx is a good broker for traders who want to trade with tight spreads and low commissions. We can recommend its service and offers. (5 / 5)

Octafx eat my 22000$+ trading profits

Muhammad siddique

Private, 1st class

Fxmaster

Lt. Colonel

Muhammad siddique

Private, 1st class

4evermaat

2nd lieutenant

Octafx rep

Octafx.Com representative

We wish to address your complaint accordingly as we have via other channels.

First of all, your account was not simply disabled. As you are fully aware, server real 2 was newly released at the time of your trades. When an error occurred, you took advantage of it and used a delay in quotes updates to abuse it, which is strictly forbidden by our customer agreement.

8.2. Any kind of abusing and/or taking unfair (direct or indirect) advantage of the company's trading conditions may be a subject of investigation. Should facts of such abuses arise, the profit and/or loss gained with this advantage may be canceled by the company's sole decision. The client fully acknowlegdes this.

Moreover, you used arbitrage trading, which is also prohibited under our customer agreement.

4.8. Using arbitrage strategies on linked markets (e.G. Currency futures and spot currencies) is prohibited. In case the client uses arbitrage in either clear or hidden way, the company reserves a right to cancel such orders.

You provided so-called evidence, but none of it relates to your case, and we are bound by privacy policy not to discuss third-party matters with anyone except for the persons of interest. Sharing random screenshots cannot constitute any form of evidence unless it is directly connected to your trading account and complaint.

Besides, after explaining very clearly to you the situation you're resorting to blackmailing our team members, which we will not tolerate. Not to mention that your case has violated more than two customer agreement provisions.

We feel that it is vital for the community to know that you not only engaged in malpractices to earn profit but used the very same IP address as the person you're referring to in your complaint, which is also a violation of our customer agreement.

At this point, we'd like to stress that it's our company's discretion to be communicating with you after you abused our customer agreement with utmost precision.

How to delete a ctrader account

Unlink or delete a ctrader account

All of your forex trading accounts on the ctrader platform get linked to your ctrader ID. Previously this was not the case, and you could choose if you wanted to link an account or not. You could also choose to delete a ctrader account (live or demo) if you no longer needed it. Now the situation is that all trading accounts must be linked to a ctrader ID and this is done automatically. Moreover, there is no option to remove a ctrader account, delete them or discard them in any way. That’s just how the platform is designed. It’s simply impossible for a ctrader account to be unassigned to a ctrader ID.

All is not lost. There is still a way to remove a ctrader account from your ctrader ID. However, you cannot do this by yourself. You need the help of your broker to unlink your ctrader account or delete it. Usually, it’s not allowed to delete live accounts, due to brokers regulatory obligations. According to spotware, if you contact your broker and request them to delete a ctrader demo account, they will be able to do it for you. Just because they technically can do it, doesn’t mean they will, or even know how to do it.

This is very frustrating since it’s common to open many demo accounts with different brokers. These accounts that you will eventually stop using are going to clutter your screens. The bottom line is if you want to delete a ctrader account you need to ask your broker to do it on your behalf. Spotware will not it for you.

Best ctrader brokers is an information portal focused on the ctrader platform and the community of brokers and traders who use the multi-award-winning platform on a daily basis.

Octafx scam - eat my profit 74000$+

Ayisha rajasekhar

Private

I was cheated by octafx, octafx eat my profit money 74000$+. I believe forexpeacearmy can help me in this case. I have all proofs with me. My account number 6058799.

On 25th march 2020 I made profit around 68000$+ on XAUUSD, I made a withdrawal request 3600$ and showed complete status, but after I made 55000$ withdrawal request that 3600$ request changed to pending status, than I ask to customer support they said some time it’s take 3 days, I never get that 3600$ till date (I have trade history .Html and .Csv files contain this detail), the same day’s night I got whatsapp chat and call from mr.Tarun (IB) he talk nicely and congratulate me as “sir you made good profit” and explain about my gifts like android phone and ear pod etc. ( I have whatsapp chat history proof)

On 26th march 2020 I made profit on EURUSD than my account balance 74000$+, suddenly my account blocked, than they said investigation, arbitrage, TCD team, customer agreement.

On 9th april 2020. They just give back my deposit money around 600$ & after 2 weeks their XAUUSD chart runs on mt5. What this means?

1. You are using cysec license number for octafx.Com but that license number only for octafx.Eu. Why you are cheating traders while you are not regulated by cysec

2. Your so called arbitrage! Give evidence and prove my trade uses arbitrage strategy.

3. Your customer agreement p 4.8 said you can cancel only arbitrage orders. How you cancel all orders? Please prove with my trade history.

4. I come to know octafx.Com is B-book broker company (mr. Tarun octafx IB confirms) everything fine with your company until make profits, you are happy while clients lose their money because it’s come to your pocket directly, but while clients made profit you are not ready to give. But this time you need to give!

I ask forexpeacearmy admins and users to support and protect ordinary traders like me.

I am ready to produce all proofs from my side including trade history ( I download that before octafx delete )

Honest octafx review and test for traders

review:	platforms:	spreads from:	leverage:
(5 / 5)	metatrader 4/5, ctrader	spreads from 0.2 pips	up to 1:500

What is octafx? – the broker presented:

Facts about the octafx company:

Founded in 2011

Based in cyprus and st. Vincent and the grenadines

Supports copy trading

Professional trading platforms

Low trading costs

Education for new traders

Supports international clients

(risk warning: your capital is at risk)

Regulations and safety octafx

Octafx is regulated by:

FSC (mauritius)

Cysec (EU)

Trading conditions for octafx traders – what are the offers?

Octafx trading conditions

More than 100 assets are available on the platforms. That includes:

Forex (currencies)

Indices

Metals

Cryptocurrencies

Stocks

See the table for spread comparison at octafx:

In some cases, special offers may be offered in this trade. Such as:

The first step is a free demo account.

The minimum deposit is only $ 100 or € 100.

Leverage will be between 1:30 and 1: 500.

Spreads from 0.4 points

Different account types available

Platforms: metatrader 4/5, ctrader

Opportunity to execute orders quickly

Short trading possible

No hidden fees

Islamic accounts possible

Trading without swap fees

50% deposit bonus is possible

(risk warning: your capital is at risk)

Test of the octafx trading platforms

These are the available platforms of octafx:

Metatrader 4

Metatrader 5

Ctrader

Metatrader 4

Metatrader 5

Ctrader

Web trader/charting and analysis

Mobile trading:

Octafx allows mobile trading (app)

(risk warning: your capital is at risk)

How to trade with octafx

Which market you trade your investment in depends on your choice.

Octafx order mask metatrader 5

How to open an octafx account

Opening account with octafx

Octafx offers different types of account:

The accounts that you can create with octafx are metatrader 4 micro, metatrader 5 pro, and ctrader ECN. We will talk about an account here for your convenience.

Metatrader 4 micro account

Minimum deposit $ 100

Metatrader 4 platform

Floating spreads from 0.4 pips

Fixed spreads from 2 pips

Leverage up to 1:500

No commission

Micro-lots

Best for beginners with small amounts of money

Metatrader 5 pro account

Minimum deposit $ 500

Metatrader 5 platform

Floating spread from 0.2 pips

Leverage up to 1:200

No commissions

No swaps

3 days fees

Ctrader ECN account

Minimum deposit $ 100

Ctrader platform

Spreads from 0.4 pips

Commissions from $ 3 / 1 lot trade

No swaps

Weekend fee

Demo account

Is there a negative balance protection octafx

Octafx negative balance protection

Deposits and withdrawals with octafx:

As discussed above, the minimum deposit for opening a real trading account is $/€ 100. You can use for the deposit different payment methods. The available payment methods are:

Bank wire

Credit cards

Cryptocurrencies

E-wallets (skrill, neteller, perfectmoney, and more)

(risk warning: your capital is at risk)

Octafx accepted countries and forbidden countries

See below the countries that can access octafx trading:

Octafx trading does not give or receive access to US customers in any way.

Special offers:

There are some special offers from octafx. It supports copy trading and a deposit bonus of up to 50%. In the following section, we will give you more details on it.

With octafx you have always control over your portfolio and the copied trades. It is very easy to manage. Just deposit money into your account, pick a successful trader, and start invention.

Copy professional traders 1 by 1

Full control over your investment

Follow the best traders

Earn money automatically

Get copied and earn additional money

Easy to use

Deposit bonus

50% deposit bonus

Increase the free margin

You can withdraw the bonus after doing the bonus conditions

The bonus is available for all deposits over $ 50

Conclusion on the octafx review: recommended broker

Advantages of octafx:

Regulated and safe broker

Free demo account

Minimum deposit only $ 100

High leverage up to 1:500

Different account types

Metatrader 4/5, ctrader

Spreads from 0.2 pips

Low commissions

Professional support

Copy trading

Deposit bonus

Octafx is a good broker for traders who want to trade with tight spreads and low commissions. We can recommend its service and offers. (5 / 5)

Octafx reviews

466 • excellent

Write a review

Reviews 466

Hi octafx

What has happened to your UK clients, what is a new regulation that stops octafx being viewed or used by UK clients?

Had a bad experience ,it wasn’t easy…

Had a bad experience ,it wasn’t easy for me until I met this recovery expert company.
I will highly recommend this company
www. Officialdebtsreclaim.Net
they are sincere and honest in all way round, getting back lost assets is their priority

The web page is not working now

The web page is not working now. There's no response from them. I have already lost the money by them. Now again I tried it's totally useless.

Thank you for reaching out and sharing your experience!

We apologize for the inconvenience and would like to assure that your funds are not lost.
Unfortunately, we’re undergoing unexpected maintenance on our side, hence you might not be able to access our main website at this moment. Octafx team is aware of this case and is going to resolve it as soon as possible, most likely before the end of today.
We kindly ask you to follow octafxmy.Com link to be able to login your personal area at the moment. Also, you can use our mobile app which is working stable now.

In case you would like to contact us via email, please kindly send all your questions to support@octafx.Zendesk.Com email address and our managers will surely assist you.

Good application for new brokers

Thank you for sharing your sincere feedback with us. We are glad to hear you are enjoying octafx!

If there is anything we can do to make your experience worth five stars, please let us know. We're always here to help.

Fastt

Thank you so much for your five-star rating and sincere review.

We hope you'll continue to enjoy trading with octafx and if there's anything we can do for you please, do not hesitate to get in touch with us. We are always ready to help our traders:)

Octafx review

Review

Octafx, a broker in operation since 2011 out of st. Vincent and the grenadines, serves over 1,500,000 traders from more than 100 countries; they report that order execution exceeded 288,000,000. This market maker deploys a straight-through processing (STP) model and offers traders the choice of the MT4, MT5, and ctrader trading platforms. New retail traders from emerging markets are a primary focus, and generous bonuses fulfill an essential role in growing the client base, with over $2,840,000 in bonus funds paid out to date. Octafx maintains a highly competitive cost structure with a commission-free EUR/USD spread of just 0.4 pips. The broker supports social trading via octafx copytrading and autochartist pro supports manual traders.

Octafx highlights

��️ headquarter	UK
⚖️ regulations	SEBI
�� type of broker	ECN/STP
�� minimum deposit	$50
�� maximum leverage	1:500
�� type of platform	metatrader 4, metatrader 5, ctrader
�� deposit with credit card	yes
�� depositing with wire transfer	no
�� demo account provided	yes
��️ instruments traded	cfds, commodities, metals, oil, gold, indices

Regulation and security

Octafx operates out of st. Vincent and the grenadines, where registration of octa markets incorporated exists with the financial services authority (SVGFSA). It is important to note that while the FSA is responsible for policing international business companies (ibcs), it does not regulate forex brokers. Therefore, octafx remains effectively unregulated; that in itself does not suggest malpractice or fraudulent activity by this broker. Octafx has expanded its operations since 2011, testament to its trader-friendly operations. In fact, more than 1,500,000 traders trust octafx, which should be taken into consideration when evaluating octafx.

Negative balance protection, the segregation of client deposits from corporate funds, and compliance with anti-money laundering (AML) directives enhance the security of traders. From this octafx review we can see that this broker does attempt to strike a balance between offering security as an unregulated entity and operating out of a business-friendly jurisdiction that allows it to execute its successful business model.

Octafx operates out of st. Vincent and the grenadines.

Negative balance protection exists, ensuring traders cannot lose more than they deposit.

Client deposits remain segregated from corporate funds.

Octafx fees

Octafx charges a combination of spreads, commissions, and swap rates. While the overall cost structure is extremely competitive, it is a bit complicated. To make things easier, we'll simplify it all in this ocatfx review. The MT4 micro account commences with a commission-free 0.4 pips minimum mark-up on the EUR/USD, which ranks among the best available offers in today’s industry. Swap rates apply, and islamic accounts face an equal cost, only labeled differently; the islamic account structure complies with sharia law. While the MT5 pro account continues with a similar minimum pricing environment, the current spread is significantly higher. A fixed three-day fixed cost applies, but no swap rates exist. Then there is the ctrader account, where the current mark-up is lower than in the MT5 but higher than in the MT4. The commission of $3 per lot is outstanding, and a fixed weekly rollover fee applies, again without daily swap rates.

Octafx does not levy charges for deposits, withdrawals, and currency conversions. No additional costs exist, making octafx one of the least costly brokers to trade with, fulfilling its mission statement of creating a low-cost broker for new traders and professionals alike.

MT4/MT5 traders can easily access swap rates from their platform by following these steps:

Right-click on the desired symbol in the market watch window and select symbols.

Select the desired currency and then click on properties located on the right side.

Scroll down until you see swap long and swap short.

The commission-free MT4 account lists a minimum spread of just 0.4 pips.

The MT5 account comes with a fixed rollover cost which is deducted every three days.

The ctrader account offers a very competitive commission of $3 per lot, but spreads are higher than in the MT4 alternative.

Islamic accounts face fixed costs equal to swap rates.

The overall pricing environment is low, benefiting traders.

What can I trade

Octafx offers 28 currency pairs, four commodities, ten index cfds, and three cryptocurrency pairs, traders have limited choices. As far as we could see during this octafx review, the complete availability of assets remains confined to the MT5 account; the MT4 account features fewer assets, and ctrader offers the least. As such, cross-asset diversification is would be difficult, but it's possible to overlook this if you're a new trader and a solid cost structure is important to you.

Octafx maintains 45 assets in total.

Account types

Octafx maintains three account types. The broker claims the MT4 micro is the most common choice and confirms its popularity among new retail traders from emerging and frontier markets. With a minimum deposit of $100, traders have access to 39 assets with a maximum leverage of 1:500. The MT5 pro account offers all 45 trading instruments but requires a $500 deposit, with increased margin requirements. Both choices are commission-free. The commission-based ctrader account is available for just $100. It features the least number of assets with 30, but the maximum leverage is 1:500, unlike 1:200 in the MT5 account. Hedging and scalping face no restrictions in either choice.

Traders may choose from among three account types.

Islamic accounts are a cornerstone at octafx and are high in demand. While swap rates do not apply, fixed costs exist.

Octafx trading platforms

Traders may choose from the three leading trading platforms in the forex market. The market-favorite MT4, with over 20,000 third-party customized technical indicators and electronic advisors (eas), many free of charge, remains the most flexible version. MT4 maintains its leadership position for automated trading, the fastest-growing sector of the financial system. Traders must invest in necessary upgrades to unlock the complete functionality of MT4 and transform it into a competitive, cutting-edge version. Octafx also offers the MT5 trading platform, which remains the only one where all assets are available for trading. The best out-of-the-box alternative is ctrader, designed for trading via the electronic communications network (ECN).

All three platforms support automated trading and are available as a desktop client, a webtrader, and a mobile version. Autochartist pro enhances the MT4/MT5 trading platforms, granting traders one of the most widely used automated chart pattern recognition software. Social trading support exists via octafx copytrading, which allows traders without the time to manage their portfolios to diversify across strategies from one user-friendly platform.

MT4 maintains its leadership position among retail trading platforms.

Octafx traders who wish to trade all 45 assets must do so on the MT5.

The ctrader platform offers the best out-of-the-box trading experience.

Octafx copytrading supports the resurging popularity of social trading.

Unique features

There are three unique features worth noting.

Autochartist pro offers manual traders an excellent automated trading assistant. It is available only to clients who achieve silver status and above. Information about what is required to achieve this status appears to be available only to registered traders from inside their back-office.

Since 2017, octafx has revamped and improved its educational portal. It is supported via weekly and monthly demo contests, which allows new traders to earn between $500 and $1,000 in real cash, which is then deposited into a live trading account. Traders should enter trading contests at their own risk while understanding they may not win.

The octafx copytrading platform allows so-called master traders to earn an additional revenue stream from their strategy. It is ideal for those traders with smaller portfolios to leverage their income potential. Professional traders interested in tapping into the social trading scene will also benefit from it. Traders can create multiple master accounts for different strategies, and the freedom to adjust commissions adds to the flexibility.

Autochartist pro is an excellent trading tool available at octafx.

Demo contests with real cash prizes appeal to new retail traders.

Master traders can boost their income potential at octafx via the octafx copytrading platform.

Research and education

Octafx grants traders a comprehensive analytics section under trader’s tools. It consists of eleven sub-categories and a user-friendly design. Besides trading signals from autochartist, traders will discover in-house research and market commentary published by octafx under market insights, forex news, and technical analysis. They are updated frequently, consist of written content and charts, and represents a quality addition to the products available at this broker. A quick overview of market-related events exists under the economic calendar, interest rates, and national holidays. The profit and trading calculators allow traders to manage their trading strategy before placing trades. Overall, with the revamped research and education portal, octafx delivers a genuine auxiliary trading service.

The trader’s tools section features eleven sub-categories, which combine for quality service, especially for new retail traders.

Octafx updates three sections several times throughout the day, with trading ideas and market commentary.

Education at octafx consists of nineteen topics under forex basics. They consist of quality written content, charts, and some include numerous videos. While often brief, the content has educational value and offers new retail traders an excellent introduction to trading. The tutorials section focuses on octafx-specific guides, and video tutorials cover MT4/MT5, the personal area of octafx, and octafx copytrading. An FAQ section and a glossary aim to answer the most common questions and introduce terminology. Traders may access the manuals to obtain more specific assistance regarding the three trading platforms, related tools and services, and autochartist. Webinars hosted by octafx complete a well-rounded educational portal.

Octafx delivers a well-rounded educational portal.

Webinars add value, and new traders should take advantage of them.

Customer support

Customer support is available 24/7 and is best reached via live chat or telegram. A webform is equally accessible, and traders may alternatively call. Octafx ensures swift access to a customer services representative in case the unlikely need for additional assistance arises.

Bonuses and promotions

Bonuses and promotions remain an essential part of the octafx strategy, and traders have access to various offers. The 50% withdrawable bonus on each deposit represents an excellent offer for traders to build their portfolio through a series of monthly deposits, while two demo contests award real cash. The trade & win incentive rewards clients for trading activity with various prizes.

The withdrawable 50% bonus on each deposit represents the best offer at octafx.

Trade & win is another excellent reward program based on trading volume.

A four-tier status program grants additional improvements to the trading environment.

Traders can use the four-week MT4 demo account to win cash.

Smaller cash prizes await in the one-week ECN demo contest.

Octafx also hosts a 16 car global trading contest.

Opening an account

An online application form processes new accounts, and traders may use their facebook or google account to complete the process. Account verification is mandatory to comply with AML/KYC requirements. A copy of the trader's ID and one proof of residency document will satisfy this final step.

The account opening process complies with industry standards.

Deposits and withdrawals

Octafx supports credit/debit cards, skrill, neteller, and bitcoin. While the selection remains limited, it is suitable for most traders. No deposit or withdrawal fees exist from octafx, but third-party costs may apply. The processing times of deposits and withdrawals are fast, but it may take additional time to arrive in the trader’s account or e-wallet.

Octafx offers a limited but acceptable choice for payment processing.

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