Website: Visit Website
Year Established: 2011
Headquarter: St. Vincent and the Grenadines
Regulation: CySEC Licence Number: 372/18
|International Offices||St. Vincent and the Grenadines|
|Broker Status||Independent Broker|
|Accept U.S Clients||Yes|
|Phone||+44 20 3322 1059 and +17844574224|
|Website Languages||Chin, English, Indonesian, Russian, Spanish|
|Free Demo Account||Yes|
|Minimum Deposit||5 USD|
|Account Currencies||USD, AED, EURO, AUD, GBP, JPY, NZD|
|Minimal Order Volume||0.01|
|Interest on Margin||Yes|
|Deposit/Withdraw Options||Wire Transfer, Credit Card, Debit Card, Perfect Money, WebMoney, Neteller, Skrill , Paypal, MoneyBookers, MasterCard , Cashu|
|Trading Platforms||MetaTrader4, MetaTrader5, cTrader|
|Precision Pricing||5 digits|
|Type of Spread||Fixed and even Negative|
|Lowest Spread on EURUSD||No|
|Special Promotion||50% Deposit Bonus|
|Trading Url||Start Trading|
Overview of OctaFX
There are a lot of Forex brokers available in the world, few themes grow their business quickly. The broker Octafx one of the growing broker in the whole world. They were started their journey in the year of 2011, today, they are one of the successful broker in the world. The main office of the broker in St. Vincent and the Grenadines. They are offering a total of 47 trading instruments including Forex, CFDs, Cryptocurrencies, and metals. You will be glad to know that, the broker is attached with the latest Forex platform MT4 and also c platforms.
Regulation of OctaFX
The broker OctaFX failed to show their license on their website. We have done complete research about them but, unfortunately, we have to say that, the broker is not well regulated. Some of the reviews company says they have a license from FCA. But we didn’t see any of the licenses from FCA providing to them.
Trading instruments of OctaFX
The broker brings a lot of trading instruments for their clients. A client of OctaFX can trade almost 28 Forex currency pairs, 3 cryptocurrencies, and 4 CFDs metals. They are providing access to trade 28 Forex currency pairs including all major fx pairs such as EUR/USD, AUD/USD, USD/JPY, GBP/USD, EUR/GBP, AUD/CAD, CHF/JPY, EUR/JPY, USD/CAD, and others.
Trading Platforms & Tools from OctaFx:
As we mentioned already the broker is attached to the popular Forex trading platforms. Nowadays almost 90% of brokers and traders are trying to trade with the most popular Forex trading platforms such as MT4/MT5, Ninja Trader, Web-Trader, etc. The broker OctaFX brings a connection between MT4/MT5 and themselves. The broker also brings a connection to trade from the c-trader platform. Its pleasure that trading with a trusted platform.
It’s important to get access to trading platforms from computers. Clients of OctaFX can trade from their computers by downloading the desktop apps from the web servers. Also, there is another chance to trade from a computer, clients also can use a web trading platform. You don’t need to download apps if you want to get access from the web. Just open a browser and go to the platform website to get full access. Clients of OctaFX can trade from MT4/MT5 web or also they can use c-trader web service to trade from a web browser.
Mobile Trading in OctaFX:
We all know that peoples are trying to do their works by using smartphones. Day by day we are getting more attracted to mobiles. As a result of that, traders are also trying to trade from mobile phones. OctaFX broker also providing the service to its traders. Any of the clients can download the mobile apps of MT4/MT5 to get access to mobile phones. Traders also can download the c-trader platform to trade from mobile. You will be glad to know that, these apps are completely free to use. And, the best thing is it is very easy to download and install on your mobile phone. Just get access to any of the biggest app stores to get these apps. These apps are available on Google play store, Apple Store, and others.
Account Types of OctaFX:
OctaFX brings variety in their trading account types. Basically they are offering 3 types off accounts and these are Micro, Pro, and ECN. But there is also one Islamic account available. If you want to open a swap-free account you can open an Islamic account. The broker also providing demo account services to learn Forex trading. Here is the detailed information to trade with them.
Micro Account type:
If a client newbie in Forex he/she can open this type of account. It’s a perfect model for newbies. A client can open a Micro account to get access to 28 currency pairs. In a micro account, clients will get 1:500 leverage. The spread is starting from 2 pips in the micro account and floating starts from 0.4 pips. Clients also can Hedging from this type of accounts. And margin call is 25%/15% on the Micro account. If you want to open a micro account with OctaFX you have to deposit at least $100 in your account.
Pro account type:
These types of accounts are designed for Pro traders. To open a pro account with the broker clients need to deposit $500. By opening a pro account client will get up to 1:200 leverage, spread floating will starts from 0.2 pips. Clients will get a 45%/30% margin call. Hedging is allowed in this type of trading account.
ECN account type:
For more transparency in pricing, you can open an ECN account. On opening an ECN account floating starts from 0 pips and maximum leverage will be 1:500 for currencies and 1:200 for metals. You have to operate your account using through c-Trader.
Deposit and Withdrawals systems of OctaFX:
It’s required to keep various transaction ways for traders. Because traders will come from various countries, and every country has different laws in transactions. The broker OctaFX keep many transaction ways to keep it easier for their traders. The broker accepting bank wire transfers and popular e-wallet payments and also for withdrawing. They are accepting popular e-wallets including Skrill, Neteller, Bitcoin, and Perfect-Money.
Customer Supports of OctaFX:
It’s very important to make a bridge between a client and a service provider. The broker OctaFX is trying to make it easier for their clients. There is a live chatting option available on the broker’s website. It’s helping to get instantly any information or web support. Also, they have a phone call customer support team. The team is providing its service 24/5 in a week. And obesely, there is an Email service available. Clients also can contact the broker using social media including Facebook, Instagram, Youtube, and also Twitter.
2020 Jun 15, 06:22 pm