Octafx sign up

A demo account provides the trader with a practice account that can be used to practice trading in a risk free environment.

No deposit forex bonuses

To access the octafx demo account, traders will have to go through the full registration process of opening a live account.
Navigate to the octafx website and click ‘registration’ on the home page.
The trader will be redirected to a new page where an online application form will appear, and traders must provide their first and last name, email address, and a password.
Alternatively, traders can opt to register their details by using their facebook or google credentials by clicking on the relevant icons provided, respectively.
To complete registration, the trader must check their email for confirmation. As soon as the trader has received the email, the embedded link to ‘confirm’ can be clicked and the trader will receive another email to confirm registration.
In the email, the trader can click on the ‘start trading’ link to be redirected to the octafx website and the registration form.
Traders will need to provide information such as their residential address and employment details, amidst others, along with providing documents to serve as proof of identification and residential address.

Octafx demo account

10 best rated forex brokers

How to set up a octafx demo account – step by step

To register for, and set up a octafx demo account, traders can follow these steps:

To access the octafx demo account, traders will have to go through the full registration process of opening a live account.

Navigate to the octafx website and click ‘registration’ on the home page.

The trader will be redirected to a new page where an online application form will appear, and traders must provide their first and last name, email address, and a password.

Alternatively, traders can opt to register their details by using their facebook or google credentials by clicking on the relevant icons provided, respectively.

To complete registration, the trader must check their email for confirmation. As soon as the trader has received the email, the embedded link to ‘confirm’ can be clicked and the trader will receive another email to confirm registration.

In the email, the trader can click on the ‘start trading’ link to be redirected to the octafx website and the registration form.

Traders will need to provide information such as their residential address and employment details, amidst others, along with providing documents to serve as proof of identification and residential address.

A demo account is often referred to as a practice account due to it providing traders with the ability and freedom to explore the broker’s offering without running the risk of incurring losses through the provision of virtual money with which to practice trading.

Beginner traders can use demo accounts to familiarize themselves with a live trading environment, where they can build up their trading skills by actively participating in trades and develop their own trading strategies.

Demo accounts are not merely intended only for beginners, but it provides more advanced traders the opportunity to explore what octafx has to offer.

Octafx demo account features

The octafx demo account features will depend on the trading platform that the trader uses, whether metatrader 4, ctrader or metatrader 5, in conjunction with the demo account.

In other words, the demo account features can be accessed through the trading platform and will depend on octafx’s offering with regards to asset classes, financial instruments, spreads, leverage, and so on.

Pros and cons

PROS	CONS
1. Metatrader 4, metatrader 5 and ctrader are reliable, user-friendly trading platforms	1. Full registration needed to access demo account

What is the difference between a demo and live trading account?

A demo account provides the trader with a practice account that can be used to practice trading in a risk free environment.

Demo accounts are often suited for beginners who need to build up experience with trading as well as advanced traders who would like to test their trading strategies and explore the offering of a broker before registering a live account.

Does octafx offer a demo account?

Can I convert my demo account to a live trading account with octafx?

No, there is no need for conversion.

You have to complete the full registration before you can access the demo account, so octafx will already have the relevant information and documentation should you wish to open a live account.

Improve your trading experience with ctrader ID

Get access to exclusive features and tools. Extend control over your account. Connect to traders, apps, resources. All with your ctrader ID

Log in

Credentials management

Manage credentials information, such as user name, email and password.

Notifications

Be always informed about changes on your trading account.

Active sessions

View and revoke active sessions. Control which devices are authorized to use ctrader.

Chartshots

Chartshots are a great way to share ideas, trading examples and technical analysis strategies with other traders.

Open API

Build your own applications using ctrader's open API. It’s a free and secure, publicly accessible API for anyone.

Integrations

Ctrader has a solid ecosystem of integrated third-party solutions making it quick and simple to deploy and connect with any existing business.

Community

Be in touch with other traders to get more ideas and succeed in the market together.

Cloud workspaces

Installed new ctrader? Load your favorite workspaces from the cloud.

Benefits of having ctrader ID

All in one
place.

Single secured portfolio for all
your accounts, workspaces,
favorites, and more in a cloud.

You can use ctrader ID to manage
your accounts with native
spotware and third-party social
trading platforms.

Easy to promote your
trading strategy.

Publish your trading performance
with well known online services
like myfxbook, fxblue (former mt4i)
and others.

Membership in ctrader
developers community.

Access to trading robots, additional
indicators base. Connect with
people who specialize in auto‐
trading strategies.

Ctrader desktop

Includes trade & automate for windows 7, 8 & 10

Ctrader web

Includes trade & copy for any popular browser

Ctrader android

Includes trade for android devices

Ctrader ios

Includes trade for apple devices

The services provided by spotware systems ltd. Are not available to citizens or residents of the USA. Neither is the information on our websites directed toward soliciting citizens or residents of the USA.

Octafx refer and earn – get free ₹20 on sign up + ₹6 per refer

Octafx refer and earn

Octafx refer and earn – get ₹20 on sign up + ₹6 per refer

Octafx refer and earn , octafx referral code , free paytm cash offers 2021, octafx refer and earn offer, octafx earnings proof, octafx trades referral link – H ello trickunlimited readers, hope you guys enjoyed daily earning offers. Here I A back with another new and fresh offer for you. On successful joining of octafx trades, you get ₹20 free paytm cash as a joining bonus, and per refer you get rs.6. Play the virtual stock trading by this website and you can earn rs.200 paytm cash every week.

OFX trades is a virtual stock trading site made with an objective of helping people in enhancing their investment skills. If you are passionate to make a lot of money and believe in tradings, through this site you would be able to make differences in your financial lives. This stock trading platform provides online virtual trading facilities through an online stock market game or stock simulation game.

Get free ₹20 on sign up and ₹6 per refer

2. Open and tap on sign up with google and approve google account.

3. Enter your username or profile name and go ahead.

4. Next step is to enter your paytm registered mobile number and submit it.

5. Must select your location as mumbai.

6. Verify your email address and go to dashboard of the octafxtrades.

7. You will get rs.20 in your wallet instantly.

8. Tap on octafxtrades refer earn banner and share your referral link and get rs.6 for each referral.

9. Minimum withdrawal to your paytm wallet is just rs.50

10. You will receive your amount within 24 hours after making withdrawal request.

OTP verification is not needed just verify your email..

*if you facing any problem and need any help then comment below or contact us via email our E-mail address is: [email protected]

For instant updates join us on telegram channel & follow us on facebook

Octafx

Limited payment options

Apps not very user-friendly

Slightly geared towards clients in southeast asia

Min deposit

Max leverage

Mini account

Bonus

Platforms

Withdrawal options

Review

Comparison

Review

Introduction

Ocatfx is one of the most well-known cfds and forex brokers in the world at present. Started in 2011, this company has been incorporated in the financial markets of the grenadine islands and sy vincent. Keeping the asian financial markets as its main service area, ocatafx has based in jakarta, indonesia. This platform has clients originating from over 100 nations around the world. It is important to note that the UK’s financial conduct authority considers octafx as a legitimate and regulated brokerage.

Trading conditions

Discover the lowest spreads in the entire industry

Octafx traders are able to executive lightning trades at visible prices without any slippage.

Negative balance risk mitigation

Octafx does not charge any commission on services including making deposits or withdrawals. It also does not change a transaction fee for currency exchanges.

Types of accounts on octafx

Octafx offers three different types of accounts:

This account type is meant for traders who wish to have the maximum leveraging options with the least monetary investment. The minimum deposit required to start this type of account is $50.

This account is meant for those with a good understanding of forex and a willingness to invest for larger profits. This account offers the lowest spreads which allow for the maximum length of trade options. You can also engage in CFD trading from this account.

This account type is for professional traders who can make prudent investment decisions. It offers a great deal of mobility as it requires no markup and provides ample liquidity access. For traders looking to earn big, ECN is the right option.

Products

Octafx basically offers two types of trading options – spot market trading and contract for difference or CFD trading. Traders can invest in a range of options on octafx including currency pairs, cryptocurrencies, stocks, market indices, precious metals, and other commodities. This combination of financial investment options allows for great profit potential. Investors can benefit from trading on the most popular market indices such as NASDAQ, eurostoxx 50, dow jones etc.

At present, octafx can support three primary cryptocurrencies – bitcoin, ethereum and litecoin.

Traders on octafx can also use cfds to access trading on stock indexes.

Regulation

As stated earlier, octafx is under the regulatory oversight of the financial conduct authority of the UK. This is one of the most stringent regulatory models in the forex industry. The company was established in 2011 under saint vincent and the grenadines IBC 2011 and granted the license number 19776. The company is in full compliance with international financial regulatory standards.

Platforms

Metatrader4

Octafx allows traders to select from a number of platforms for the biggest cross-section of trading preferences and levels. This platform has a very easy to understand setup and offers inbuilt expert advisors as well as customizable indicators.

Metatrader 5

An increasingly popular platform on octafx, MT5 has been considered by many as a potential replacement for MT4. In addition to the MT4 features, it provides a far more customizable interface, stop limit orders and native economic calendar.

Ctrader is the top-level trading platform for ECN brokers. Naturally, it provides level II quotes, server trailing stops, single-click trading and sophisticated charting options. It utilizes cloud servers to back up accounts and keep a centralized tab on all of them.

Mobile trading

Octafx is also available on mobile and has dedicated apps for both ios and android. There is virtually no performance difference between these mobile apps and desktop apps. Traders can easily use them to make trades while on the move.

The octafx trading app is an officially acknowledged forex trading software. It permits all financial transactions available through conventional desktop apps. Users can access the in-app settings to control their octafx trader profile and all activities related to that account. The apps provided fulfill the needs of traders, but we have seem apps from other brokerages that have been easier to use.

Pricing

Octafx has a commission model based on trading. The actual commission charge is based on a mixture of standard prices and markup spreads. For ECN accounts, the charge is 3 cents per 0.01 lot. The table below provides a general idea of the spreads typically seen across octafx’s platforms.

Instrument

Spreads (in pips)

Deposits & withdrawals

Octafx offers multiple channels for investment including credit/debit cards, bank wires, skrill, neteller etc. Traders from specific countries can also opt for local bank transfers. Octafx is constantly adding new payment methods. The deposits must be in USD or EUR and must be at least $5 or equivalent for micro account balances.

For withdrawal requests, the processing time is almost instantaneous and validated through an email. However, this will only happen provided personal information about the withdrawer in available and verified. As per the international anti-money laundering laws, forex brokers need to follow specific rules and octafx complies to them all.

In addition, octafx also keeps user funds distinct from that of the company. Thus, it is in compliance with international forex trading standards. Further, it uses an authentication model through 3D secure technology for extra protection to online payments.

Customer support

Octafx offers customer service round the clock on all workdays i.E. 24/5. Customers can choose between email, direct change and free calling options. The company will also provide a range of market new along with research and economic calendar.

Research & education

Octafx offers several trader tools such as an economic calendar, market insights, forex news, profit calculator, trading calculator, monitoring, live quotes, interest rates, and national holidays. More tools include:

Signals: these tools include MQL5 community settings, signal settings, signal subscribers, and signal providers.

EAS: EAS tools include tester parameters, code basetoolbox, experts tab, experts advisors launch, expert advisors setup, expert advisors shutdown, and autochartist installation manual.

Noteworthy points

· octafxcopytrading provides traders the chance to directly mimic the investment patterns of successful traders. This strategy is a failsafe against customized trading practices and ensures a reasonable degree of success.

· octafxhas been a supporter of the bali sports foundation which takes care of disabled sportsmen in bali and east indonesia.

· octafx supported rip curl cup padang-padang event in bali, indonesia.

· from july 1st, 2015 to 30th june 2016 octafx sponsored of southampton FC, a top-level football club in the UK.

Awards won by them:

· best trades execution 2017

· best trading conditions 2017

· from european CEO magazine

· best forex ECN broker 2017

· most transparent broker 2017

· from european CEO magazine

· best trading conditions 2016

Conclusion

Octafx has a truly impressive array of features and options to offer to traders. Their personal support is also genuine and customer care executives seem to eagerly resolve client queries and problems.

Additionally, their competitions and trading bonuses add an edge to their brokerage. Most other forex brokers do not offer such benefits. For novice and even experienced brokers, octafx offers a wide range of educational materials.

Novice traders also have the option of honing their skills with demo accounts which perfectly mimic live trade conditions.All in all, octafx is a very viable forex brokerage that offers a good experience and can be used profitably by smart traders.

Comparison

Broker comparison maecenas porta rhoncus dui ut congue. Donec luctus non sem eu euismod. Ut rhoncus mauris non bibendum congue. Donec maximus ipsum a lectus sollicitudin.

How to become an affiliate/IB of octafx?

Sign up to become a partner (introducing broker) of octafx.

Join octafx’s referral program

Do you have a blog or website?

Are you an influencer on facebook, twitter or instagram?

Then you may join octafx’s referral program and start promoting octafx to earn some extra income online.

The registration is free, and you can start referring FX traders to octafx from today.

What are the main advantages of becoming a partner with octafx?

There are many, actually. To name a few:

2-level commission scheme;

Daily commission payouts;

24/5 support;

Outstanding trading conditions for your clients (tight spreads, ECN/STP orders execution within less than a second);

Engaging promotions for you and your clients;

Copytrading service for those clients who are not ready to trade by themselves;

Personal approach towards your requests and assistance with establishing your business.

Once you refer a trader to octafx, the broker will take care of the rest.

There are many great merits to join octafx for any type of traders and partners.

How is the commission calculated and paid?

You receive an affiliate commission based on the volume traded by your clients.

Your affiliate commission rate depends on 2 key factors: quantity of your active clients and their trading volume.

The more active clients you have and the more they trade, the more your commission is.

You can always see your commission rate on octafx official website.

Affiliate commission is paid once in 24 hours. If your client trades today, you will receive your payment tomorrow.

You can withdraw your commission from your wallet anytime without any fees applied.

Earn from any trading account types

With octafx, you can earn from traders’ activities on any account type.

But the rate of the payout for metatrader 5 pro accounts is reduced to half.

For example, imagine your commission is set at 12 USD per 1 lot.

Here’s the payout you get for 1 lot traded by your client on different accounts:

Metatrader 4 micro — 12 USD

Ctrader ECN — 12 USD

Octafx copytrading — 12 USD

Metatrader 5 pro — 6 USD

Metatrader 5 pro still brings high profit: its tight spreads motivate clients to trade more actively, and its deposit requirement of 500 USD prompts them to set higher volumes.

Your clients don’t know how to trade FX?

If your clients are new to forex trading, you can invite them to pass the trading tiger academy education course.

It consists of 10 fascinating lessons that will help your clients to learn basic terms and get an overview of the forex market in general.

Clients who open trading accounts while completing the education course will automatically become your clients.

Copytrading service also allows to invest funds and automatically copy positions executed by experienced traders.

Clients who use this service don’t have to download any trading platform, for everything is processed through octafx official website while your referral commission is paid under regular conditions.

Octafx

Post tags

Octafx with low spreads, no swaps, no commissions. The online broker made for serious investors.

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Who is hercules.Finance?

Hercules.Finance is a financial education website powered by a team of financial specialists and IT experts, mainly introduce solutions of forex, CFD and commodity investment, and a number of payment services. With more than 30 partnered companies all over the world, hercules.Finance offers trusted and timely information for investors and users of the services. By referring to hercules.Finance, you can find all latest news/information, financial technical/fundamental analysis, main/exclusive bonus promotions of partnered companies and a number of educational materials of finance. For the list of all partnered companies, please visit here. For more latest information of the website, please visit hercules.Finance.

Risk warning

Foreign exchange and contracts for difference ("cfds") are complex financial products that are traded on margin. Trading forex & cfds carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, forex & cfds may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved taking into account your investment objectives and level of experience. Past performance of forex & cfds is not a reliable indicator of future results. All information on hercules is only published for general information purposes. We do not present any guarantees for the accuracy and reliability of this information. Please note the spreads displayed in the website are all included extra trading commissions, as it shows the whole commissions charged by each broker. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in connection with the use of our website.

Octafx sign up

Octafx in nigeria

9gforex.Com is a fast-paced channel through which octafx is serving forex to nigerians in the most convenient way!

With us, you are able to enjoy seamless forex services from brokers that are worth it. This is what we mean in 3 simple steps

Create a profile with us here

Don't know much about forex? Take the forex 101 beginner course and set yourself up for raining pips. It is FREE!

Open a trading account with any listed broker of your choice.

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The educational tutorials are intended to take beginners from their level to the professional and profitable trader level using definite step by step and actionable plans.

The more you learn, the more you earn.
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RISK WARNING : foreign exchange trading and investments is not suitable for many members of the public, it has large potential rewards, but also large potential risks. Please do not trade with borrowed money or money you cannot afford to lose. This website does not take into account special investment goals, situations or specific requirements of individual users. All information on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.

Octafx review

Octafx is a forex broker. Octa FX offers the MT4, MT5 and ctrader forex trading top platform. Octafx.Com offers over 25 forex currency pairs, cfds, commodities, stocks, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.

Broker details

deposit methods:

VISA, awepay, bitcoin, fasapay, local bank deposits, local bank transfers, neteller, paytm, skrill, unionpay

withdrawal methods:

VISA, awepay, bitcoin, fasapay, local bank transfers, neteller, paytm, skrill, unionpay

Live discussion

Join live discussion of octafx.Com on our forum

Octafx.Com profile provided by john, may 29, 2012

Octa markets incorporated is a worldwide recognized forex broker. Octafx provides forex brokerage services to its clients in over 100 countries of the world. Octafx uses the most up-to-date technology and knowledge to make your forex trading experience outstandingly convenient. Our top goal is the trust and satisfaction of each client's need and requirements. Octafx sets the highest service level standards and maintains them as well as constantly develops new services and promotions.

Video

Let other traders know if this service is worth checking or should be avoided.

Traders reviews

Length of use: over 1 year

Thank you for taking the time to reach out and share your experience with us. We deeply regret that you experienced trouble depositing your funds. After looking into your review, we can confirm that an error had occurred before your payment was processed. Our financial department is currently investigating it, and we'll make sure to keep you updated throughout the process.

Please note that there are many reasons why a transaction could fail. And in cases where your payment was unsuccessful, it’s essential to contact us as soon as possible, as it might require a thorough investigation by our financial department. We want to assure you that you shouldn’t be discouraged, as we’re certain that our team will be able to locate the payment and resolve the issue you’ve experienced.

We appreciate your patience and please, remember that you can get in touch with us anytime to receive an update on the progress. We’re always happy to help our customers and provide them with the necessary information.

We hope that this issue will not affect your overall experience and you’ll enjoy trading with us once again.

DISCLAIMER: this review is not to state that octafx is the best broker in the world. I've traded with a lot of brokers and never had problems with any of them, with respect to deposit and withdrawals.

Herein are the list of transactions that I did on my account with octafx. It has the ID, time the request was created, and the time it was processed.

DEPOSIT
deposit ID 4703156
created dec 27, 2020 03:23 PM
processed on dec 27, 2020 03:50 PM

WITHDRAWALS
withdrawal ID 1930065
created dec 30, 2020 11:51 AM
processed on dec 30, 2020 12:17 PM

Withdrawal ID 1927033
created dec 29, 2020 08:00 PM
processed on dec 29, 2020 09:42 PM

Withdrawal ID 1920756
created dec 28, 2020 05:53 PM
processed on dec 28, 2020 09:43 PM

Withdrawal ID 1919630
created dec 28, 2020 03:09 PM
processed on dec 28, 2020 03:24 PM

SUMMARY:
I made the deposit to their GTB nigeria account, and made withdrawals to my GTB account. This might be the reason why I never had issues with them.

I'll advise traders to ask them [octafx] questions when they have issues, and be ready to hear and understand.

Thank you for such great feedback. We appreciate you taking the time to share it with our community and giving us one more reason to be proud of the work we’re doing with our team. We’re sure they will be excited to read your review, too, as they do their best to ensure fast and secure payment services.

Please send us a direct message if you have other questions or suggestions. Our team is always here to help, and we'll be more than happy to chat whenever you have time for us.

Deposit take less than 1sec
withdrawal take forever.

If you guys want to withdraw the money. Please do 1 year in advance

Thank you for reaching out and sharing your feelings with us. We're sorry to read about your dissatisfaction with our processing times. Please let us remind you that all withdrawal requests at octafx are processed within a few business hours. However, when our financial department handles a high number of requests, in rare cases, we ask to allow extra time, but it does not exceed 24 hours overall.

Please note that since you didn't provide your trading account number, we couldn't look into your previous requests. However, we wish to assure you that we always strive to improve our services and reduce the processing time. We also want you to know that if your payment is delayed or you feel like it’s taking longer than it should, you can send us a message in the live chat available on the website. Our team will be more than happy to update you on your request status.

We’re looking to hearing from you, so please don’t hesitate to get in touch with us anytime. Our team is available 24/7, and they're always here to help you whenever you need it.

Thank you for letting us know about the problem. We deeply regret that you were having a hard time trying to deposit, and you couldn't reach out to our support team. Unfortunately, we couldn't identify you on our system and look into your previous inquiries since you didn't provide your account details in your review. If you could contact us directly and share this information with our team, it will help us investigate the issue and understand what happened with your payment.

Please note that generally, it takes a couple of hours for bank transfers to be processed. However, we ask you to allow us extra time when our financial department handles a high number of requests. There could be different causes of why your payment is delayed and not reflected in your account. This requires an investigation, and we strongly encourage you to send us your payment proof if your deposit wasn't credited into your account after 24 hours have passed. These actions could help our team look up your payment and process it.

In the meantime, don’t forget that our team composes of real agents committed to helping you whenever you need it, so please contact us after reading this reply. We’ll make sure to find your payment as soon as possible and keep you updated.

Bank negara malaysia

Length of use: over 1 year

Thank you for reaching out and bringing this question to our attention. Unfortunately, we couldn't identify you on our system and look into your review since you didn't provide any details about your trading account or the bank you were using at the time. We’d really appreciate it if you could get in touch with our team and share the necessary details to help us find out what happened and investigate the matter.

We also want to remind you that our support team is always here to help you. They're available 24/7, and we'll be more than happy to hear from you and assist whenever you need it.

We're looking forward to hearing from you soon.

Length of use: 6-12 months

I have a lot of experience with various brokers, but octafx is the absolut best.

Low spreads.
Great bonus conditions.
Very fast withdrawal without any fees..
Good customer service.

Thank you for sharing such thoughtful feedback about our brokerage. We try really hard to provide the best trading experience for our customers here at octafx. Reading reviews like yours is a great hint that we’re providing our customers with the services that meet their needs, and we truly couldn’t be happier that that’s the case for you. We appreciate you being our client and want to say that you're always welcome on our chat at any time if you have any questions or suggestions.

As we’re already addressed your complaint in the thread you’ve created here on FPA, please allow us to echo what we’ve said here.

Thank you for your patience while we consulted your case with our team. After looking into the matters you brought to our attention, we can see that the cards you used to fund your trading account for the first and second time were different.

Please note that in such cases, our financial department may request verification of the second card to ensure it belongs to you and not to a third party, as all third-party transactions are strictly prohibited here at octafx. Therefore, the procedure is fully in line with our security measures.

We cannot merely block the possibility of conducting further transactions because in cases where funds do belong to a third party, we have to ensure that they’re refunded to the originating account. Therefore, it’s the trading activity that must be restricted to ensure that such money is not used for trading.

Looking into your trading history, we can see that the orders you're referring to were closed 17 hours after you got back access to your account. However, those orders could have been closed before the stop out occurred either in profit or with less loss as the two hours of account locking did not impact them. You decided to trade in the same direction, and it eventually led to the stop out. There were no issues from our side, and your orders were executed as per the market conditions. Unfortunately, there are no grounds for compensation/reimbursement as it was solely your decision to continue trading.

We want to remind you that despite this incident, you're always welcomed to contact us anytime, and we'll be more than happy to hear from you and help with any questions you may have.

I have been trading with this useless trader for 3 months now and im becoming more and more worried about the way this company handles my query or any issues.
1. They say there will be no swaps charged to accounts having funded more than 10k.
But they still keep charging the swaps and later asks me to provide details against the wrongly charged swaps. As in I'm working for octa FX and I will keep all this information ready for them.

2. They don't have a trading practice called partially closing a trade. If you are making losses on the trade you cant close it partially to minimize the loss. Rather it will book the entire loss and again open a new trade of the remaining lot. This is so weird and when I spoke to my account manager he gave fake promises of being working on the resolution.

3. They treat their customer with the least priority and I'm still to get my money reversed from them which now more than 50 days.

Nov 6, 2020 - 1 star octafx is a fraud company.. Beware.. You can lose money even without trading. There is no way you can contact there finance team. It's only the customer support team that never has any clue of what is happening.. In my case, 2 transactions of INR50000 got debited from my account on the 5th october 2020 but did not credit to my trading account. Since then I'm chatting with them every day.. But getting the same response .." madam we have requested for update sorry for the delay".. Every single day they are responding with the same message. After 1 month today on 05th nov, I asked them to arrange a call back from the account manager, when that human called me he was clueless about what is happening on my issue. He said he is following up with the finance team but he was not ready to provide a single email communication regarding the same. Still, no one knows what will happen to my funds. They don't have a call-in number. Only chat support. I have been trading with multiple traders and this is the worst of all. You cant talk to them at all. They don't respond to emails.. I'm very frustrated..

Reply by octafx rep submitted nov 20, 2020 dear shaziya shaikh,

Thank you for taking the time to share your experience with us. We're sorry to read that you had trouble depositing your funds at octafx. We've looked into your review, and as we can see, it is still being investigated by our financial department. We can also see that you've recently mentioned on social media that one of the transactions got back successfully, but there's still one missing. We're extremely sorry that it's taking so long, and we apologize for all the inconvenience you may have faced as a result. Please note that we’re still exchanging with the payment processor and are waiting for updates to provide you with as soon as new information reveals itself.

We wish to assure you that we’re committed to resolving this issue as soon as possible but want to ask you to allow us a bit more time. We understand how uncomfortable you may feel about the matter, and we want to tell you that we take it very seriously. We'll do everything that it takes to prevent such cases in the future and reduce the processing times. Please bear with us and remember that our customer support is constantly checking your case and they will be more than happy to provide you with the latest details.

We're looking forward to hearing from you soon. And we hope that it won't take much time to receive your funds back.

We deeply regret to read about your dissatisfaction with our services. We'll be more than happy to receive feedback from you about what could be improved, considering that the issue with swaps has been resolved and you were compensated.

As for the partial order closure, we're aware of the issue. However, it's not something we could influence and fix immediately as it would require an extensive amount of time and effort once such feedback is passed to the relevant department. However, we want to ensure you that we take your suggestions and recommendations very seriously, and we'll make sure they're all addressed and considered by our team.

We would also appreciate it if you could share what could be improved regarding our customer support services to meet your standards. It's one of our top priorities to ensure that we provide the most convenient trading experience to our customers and everything is done to your satisfaction.

Please send us a message anytime soon. Our team is always here for you, and we'll be happy to hear from you whenever you have any questions.

Octafx fees and spreads

Octafx fees spreads and commissions start from US dollar 7 with spreads as low as 0.0 pips.

Octafx has a low and incredibly competitive spread when compared to what other brokers offer by offering a spread list which starts from 0.0 pips along with commissions charged from US dollar 0.02 per 0.01 lot using the ECN ctrader account.

Octafx trading fees are according to the type of account that the trader chooses and the options along with the spread list, leverage, minimum deposit required, and commissions are as follows:

MT4 micro account – minimum deposit of US dollar 100, leverage up to 1:500 for forex, 1:200 for metals, 1:50 for indices, and 1:2 for cryptocurrencies, floating spreads from 0.4 pips, fixed spreads at 2 pips, zero commissions charged on trades.

MT5 pro account – minimum deposit of US dollar 200, leverage of up to 1:200 for forex, 1:100 for metals and energies, 1:50 for indices, 1:2 for cryptocurrencies, floating spreads from 0.2 pips and zero commissions.

Ctrader ECN account – minimum deposit of US dollar 100, leverage of up to 1:500 for forex and 1:200 for metals, floating spreads from 0 pips and commissions from US dollar 0.02 per 0.01 lot.

The minimum deposit that octafx requires to open an account is US dollar 100 which is average when compared to other brokers who offer similar trading conditions.

Other fees

Traders should note that certain financial instruments can only be traded during a certain time of the day, especially when considering different time zones, and additional fees may be charged should they hold these positions after they have closed.

Traders should always note that overnight fees, otherwise known as swap fees or rollover fees, may be charged for positions held open for longer than a day.

Octafx offers the option of an islamic account to traders who are of muslim faith and who operate under the sharia law.

Octafx does not offer traders with spread betting and therefore spread betting fees are not applicable to this broker.

Broker fees

Octafx does not charge any deposit fees or withdrawal fees.

There is no indication that octafx waives any additional broker fees such as inactivity fees or fees pertaining to account maintenance and management. Before opening an account, traders will have to verify the possibility of additional fees with the broker.

Pros and cons

PROS	CONS
1. Tight and competitive spreads	1. None noted
2. Low minimum initial deposit amount
3. Fixed commissions on trades
4. Low commissions when compared to other brokers

How many instruments can I trade with octafx?

You can trade the following instruments:

Forex

Cfds

Cryptocurrencies

Commodities, and

Stocks

Which platforms are supported by octafx?

Octafx provides the following popular trading platforms:

Metatrader 4

Metatrader 5

Ctrader

Does octafx offer leverage?

Depending on the type of account the trader uses, leverage varies from 1:5 up to 1:500.

What spreads can I expect with octafx?

Spreads from as little as 0.0 pips.

Does octafx charge commission?

Commissions are charged when making use of the ctrader ECN account at US dollar 0.02 per 0.01 lot traded.

Is octafx regulated?

Yes, octafx is regulated by the highly reputed cysec in cyprus and FSA in SVG.

Is octafx a recommended forex trading broker for experts and beginners?

Yes, octafx is suitable for both beginner and expert traders.

Octafx review

Used by 300,000+ traders

Established in 2011

Regulated by FSA

Min. Deposit from £5

To open a live account, you’ll need a minimum deposit of at least £5. Alternatively, octafx offers a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by . Octafx puts all client funds in a segregated bank account and uses tier-1 banks for this. Octafx has been established since 2011, and have a head office in st. Vincent and the grenadines.

Before we dive into some of the more detailed aspects of octafx’s spreads, fees, platforms and trading features, you may want to open octafx’s website in a new tab by clicking the button below in order to see the latest information directly from octafx.

Full disclosure: we may receive a commission if you sign up with a broker using one of our links.

Losses can exceed deposits

What are octafx's spreads & fees?

Like most brokers, octafx takes a fee from the spread, which is the difference between the buy and sell price of an instrument.

The commisions and spreads displayed below are based on the minimum spreads listed on octafx’s website. The colour bars show how competitive octafx's spreads are in comparison to other popular brokers featured on brokernotes.

Octafx
EUR/USD (average: 0.7 pips)	0.4 pips + $0.00	0.7 pips	0.1 pips
GBP/USD (average: 1.1 pips)	0.5 pips + $0.00	1.7 pips	0.1 pips
USD/JPY (average: 1.1 pips)	0.4 pips + $0.00	0.6 pips	0.1 pips
AUD/USD (average: 0.8 pips)	0.6 pips + $0.00	0.6 pips	0.2 pips
USD/CHF (average: 2.3 pips)	0.4 pips + $0.00	2.3 pips	0.2 pips
USD/CAD (average: 2.9 pips)	0.6 pips + $0.00	0.5 pips	0.3 pips
NZD/USD (average: 3.6 pips)	0.8 pips + $0.00	2.8 pips	0.3 pips
EUR/GBP (average: 2.4 pips)	0.6 pips + $0.00	0.5 pips	0.1 pips

Spreads are dynamic and are for informational purposes only.

As you can see, octafx’s minimum spread for trading EUR/USD is 0.4 pips - which is relatively low compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with octafx vs. Similar brokers.

How much does octafx charge to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) with octafx at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $0. Here’s a rough breakdown of the fees and how this compares against IG & XTB .

Octafx	IG	XTB
spread from :	$ 0.00	$ 6.00	$ 2.00
commission :	$0.00	$0.00	$0.00
total cost of a 100k trade:	$ 0.00	$ 6.00	$ 2.00
$6 more	$2 more
visit octafx	visit IG	visit XTB

All fees/prices are for informational purposes and are subject to change.

What can you trade with octafx?

Octafx offers over 40 different instruments to trade, including over 28 currency pairs. We’ve summarised all of the different types of instruments offered by octafx below, along with the instruments offered by IG and XTB for comparison.

FX / currency cfds	octafx	IG	XTB
# of forex pairs offered	28	90	48
major forex pairs	yes	yes	yes
minor forex pairs	yes	yes	yes
exotic forex pairs	yes	yes
cryptocurrencies	yes	yes	yes

commodity cfds	octafx	IG	XTB
# of commodities offered	2	34	21
metals	yes	yes	yes
energies	yes	yes	yes
agricultural	no	yes	yes

index & stock cfds	octafx	IG	XTB
# of stocks offered	0	8000	1606
UK shares	no	yes	yes
US shares	no	yes	yes
german shares	yes	yes	yes
japanese shares	yes	yes	yes
see octafx's instruments	see IG's instruments	see XTB's instruments

What’s the octafx trading experience like?

1) platforms and apps

Octafx is one of the few brokers that offer both of the metatrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here. Octafx is one of a handful of brokers that offer the ctrader platform developed for traders looking for a STP/ECN solution. For a list of forex brokers that offer the ctrader platform, check out our comparison of ctrader brokers.

Octafx also offer mobile apps for android and ios, making it easier to keep an eye on and execute your trades while you are on the move.

Still not sure?

2) executing trades

Octafx allows you to execute a minimum trade of 0.01 lot. This may vary depending on the account you open. Octafx allows you to execute a maximum trade of 10 lot. As octafx offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

As a market maker, octafx may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.

Finally, we’ve listed some of the popular funding methods that octafx offers its traders below.

Trading features:

Accounts offered:

Demo account

Micro account

Mini account

Standard account

Zero spread account

Islamic account

Funding methods:

3) client support

Octafx support a limited number including english.

Octafx has a brokernotes triple AAA support rating because they offer a wide range of languages and support options.

4) what you’ll need to open an account with octafx

As octafx is regulated by FSA , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

A scanned colour copy of your passport, driving license or national ID

A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore octafx’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with octafx you can visit their website here.

Marcus founded brokernotes in 2014 after trying hard to find a broker for himself to trade and struggling to compare brokers like-for-like. You can find more about brokernotes & marcus here.

Cfds are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.Octafx.Co.Uk/ on 01/01/2021.

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