This OctaFX review was created by Forex industry specialists with over 20 years of expertise.

The information in this OctaFX review does not apply to users in the United States.

What exactly is OctaFX?

OctaFX is a global online financial trading platform and multi asset broker that was established in 2011.

After more than 11 years, OctaFX has expanded to provide Forex trading to individual clients.

OctaFX is a worldwide broker. OctaFX is headquartered in St. Vincent & the Grenadines.

It might take a long time to locate a broker that suits your demands while investing in the financial markets.

In this OctaFX review, we will delve deep and examine how effectively the OctaFX platform operates as an international multiple financial asset trading platform for traders in 2022.

Frequently, you must browse and read various broker websites, each of which utilizes a different language. The language can be somewhat perplexing. It might be tough to select an online broker such as OctaFX. The first few challenges for a newcomer might be what looks to be a sophisticated mobile or online trading platform, difficult to comprehend financial lingo, and perplexing cost arrangements. In our OctaFX review, we discuss the benefits and drawbacks. What OctaFX can provide, and which countries OctaFX is accessible in. Who regulates OctaFX and more.

Having a trustworthy and qualified broker is critical to your online trading success. To avoid losing your investment, ensure that your broker is not a fraud or untrustworthy. To have a solid functioning lucrative partnership, be sure that your needs match the profile of your broker.

This is why we took the time to examine just the top brokerage companies, their methods, their fee structure, and all other key factors. We want you to assess, analyze, and place your money with only the safest and finest brokers. We hope you found our OctaFX review to be informative.

This OctaFX platform review is quite extensive. If you are considering trading with OctaFX in any capacity, please read and investigate the whole OctaFX review.

We have attempted to explain the intricacies of financial trading via the OctaFX platform as simply as possible so that you, the trader, are as knowledgeable as possible before you begin using the OctaFX trading tools and depositing and withdrawing monies from OctaFX.

Online investing can be just as dangerous as any other type of offline investment. As with any investment, it is critical to understand and investigate the firm with whom you are dealing. When trading financial assets such as Forex with OctaFX. You should have faith in OctaFX and know that your financial investments on the OctaFX platform are in capable hands.

We hope that this OctaFX review will assist you in determining whether OctaFX is a suitable fit for you.

It is a prevalent misconception that internet trading is simple. Online trading is complex, and traders must conduct their own research and understand exactly what they are doing. This post will teach you vital facts about OctaFX that will help you get started in the world of online trading.

OctaFX is a Multi-Asset Trading Platform that offers over 50 different assets.

OctaFX is a multi-asset trading platform with over 50 tradable assets. Forex is one of the assets accessible on OctaFX.

OctaFX trades a variety of financial assets. A financial asset is any security or asset with monetary worth, whether tangible or intangible. This means that Forex is classified as a financial asset.

OctaFX Advantages

A virtual portfolio, often known as a Demo account,

OctaFX provides tools for comparing Advanced Financial Charts.

OctaFX provides professional experts’ research-backed insight on financial markets and investments.

The OctaFX platform is accessible via a variety of platforms, including iOS devices such as iPhones and iPads, Android smartphones, and online via a Web Browser.

OctaFX provides an easy-to-use trading platform with features for both new and experienced traders.

OctaFX users benefit from the OctaFX platform being available in over 1 language.

What you should be aware of

OctaFX only provides one trading option: Forex. The assets and products offered on the OctaFX trading platform are determined by your location and the entity with whom you hold an account.

A $5 minimum deposit is required with OctaFX. You can Sign up for a demo account to get a feel for the OctaFX platform.

OctaFX can accommodate traders of all levels, whether experienced or inexperienced.

Is OctaFX secure?

When selecting a broker, such as OctaFX, the administrative body and regulatory status of the broker are critical considerations. Brokers who trade without the oversight of a regulating organization do so at their own risk. Any money you invest is at risk.

OctaFX was founded in 2011 and has been in business for 11 years, with headquarters in St. Vincent and the Grenadines.

OctaFX is governed. This implies that OctaFX is overseen and monitored by the Financial Conduct Authority (FCA) regulatory organizations.

Because of the laws in place, regulated brokers are extremely unlikely to influence market pricing. This will be recognized if you file a withdrawal request to OctaFX. OctaFX’s regulated status may be revoked if they breach any regulatory restrictions.

Is my money secure at OctaFX?

Traders’ payments to OctaFX accounts are stored in a separate bank account.

For enhanced safety, OctaFX use tier-1 banks for this purpose. Tier 1 is the standard metric for assessing a bank’s financial health and strength.

What exactly are Tier 1 banks, and why should OctaFX rely on them?

A Tier 1 bank is the safest and most secure in terms of customer capital. Tier 1 is a word used to describe a bank’s financial strength. A Tier 1 bank often has high core capital reserves and can tolerate unexpected losses.

What does it mean for your OctaFX funds to be placed in a Tier 1 bank?

Any money you deposit with OctaFX is maintained in a bank that has adequate capital to meet your withdrawal requests even if OctaFX goes out of business for any reason.

As a result, we can say that OctaFX is reasonably secure and safe.

However, please keep in mind that dealing in financial assets might result in a loss of capital. Accounts can lose money due to a lack of effort in researching the markets, a lack of knowledge, or a failure to use the tools given by the brokerage platform.

Losing money quickly due to Forex trading is not unusual when investing in financial investments. Only trade when you realize that your invested cash is at danger at all times due to market volatility. OctaFX’s platform also plainly states that losses might surpass deposits.

Now that we’ve addressed several critical OctaFX questions.

When dealing with OctaFX, try creating two accounts. The first is your genuine account, which contains your real money, and the second is your demo account. The demo account is your testing account.

More information about OctaFX Regulation and Licensing

We investigated and discovered that OctaFX is controlled and overseen by reliable organizations. You can look into each OctaFX supervisory and regulatory authority listed below. For individuals who have concerns with OctaFX, regulation provides some remedy. Regulatory agencies safeguard traders by instituting programs such as reimbursement plans that return the client’s money if the broker goes insolvent.

In order to remain licensed and continue operations in such countries, brokerage companies must follow a set of regulations and criteria established by the regulatory authorities. The goal of regulation is to safeguard OctaFX traders and offer a more secure trading environment. Financial oversight and license approval are critical.

Reputable financial regulatory authorities control, manage, and supervise OctaFX. Regulatory organizations monitor broker behavior and will take appropriate measures if something goes wrong. Before trading online with a broker like OctaFX, be sure they are a genuine online agency.

Is OctaFX a global company?

OctaFX is really worldwide, as it is available in over 194 countries.

OctaFX is a worldwide trading platform because it works in 194 countries across Europe, Asia, Oceania, and Africa. OctaFX’s major markets include the United Kingdom, Germany, Australia, South Africa, Thailand, and China. OctaFX has almost 30,000 registered users.

OctaFX Honors

OctaFX has received several industry accolades throughout their 11 years of operation as a financial broker. The most noteworthy OctaFX awards and mentions are shown here:

Fx Daily Info Best ECN/STP Broker 2019
Fx Daily Info Best Forex Broker Asia 2019
Global Banking and Finance Review Best Forex Broker Asia 2018
European CEO Magazine Best FX Broker 2018
European CEO Magazine Best Trading Conditions 2018
Forex Awards Best Copy trading Platform 2018
Forex Awards Best Trades Execution 2017
European CEO magazine Best Trading Conditions 2017
UK Forex awards Best Forex ECN Broker 2017
European CEO magazine Most Transparent Broker 2017
Forex Report Magazine Best Trading Conditions 2016
FX Empire Best International Broker 2015
Forex Traders Best Islamic Account Forex Broker 2015
European CEO magazine Best STP Broker 2015
FX Empire Most Reliable Broker 2014
Global Banking and Finance Review Best ECN Broker Asia 2014
World Finance magazine Best Broker Central Asia
Global Banking and Finance Review Fastest Growing Micro Forex Broker 2012

OctaFX Pricing Described

OctaFX does not charge withdrawal fees.

Inactive accounts are not charged a fee by OctaFX.

Deposit fees are not charged by OctaFX.

Brokers provide cutting-edge internet trading platforms, mobile trading apps, financial research tools, and instructional materials. For a brokerage to keep these services and generate income as a business. Brokers may charge clients a variety of trading fees, which you should be aware of because they may influence your bottom line.

Minimum Deposit at OctaFX

When creating an OctaFX trading account, a minimum deposit of 5 GBP/USD/EUR is required.

OctaFX’s minimum deposit is the amount of money necessary to create a new online brokerage account with them.

Don’t be put off by brokers that need a minimum deposit to create a trading account, such as OctaFX. Brokers with higher minimum deposit requirements frequently provide extra premium services on their platforms that are not available for free on other platforms.

Brokers with lower minimum deposits are typically aimed at a broader audience that does not require some of the more specialized services and research tools.

Brokers who do not need minimum deposits frequently do so to attract new clients. Because they must earn a profit in some manner, transaction commissions and other trading costs may be greater with a low minimum deposit account.

Brokers with a higher minimum deposit amount typically provide a broader selection of trading facilities on their platforms. These brokers frequently include more comprehensive technical analysis and research capabilities, as well as superior risk management measures.

As additional online trading platforms have joined the market, the minimum amount required to create a live trading account has decreased as many brokers compete for new clients.

Depending on the type of trading account you choose, some brokers ask as much as a 6500 GBP/USD minimum deposit. Some brokers will go up to 10,000 GBP/USD.

Withdrawal Fees at OctaFX

OctaFX does not charge withdrawal fees.

Each broker has its own set of withdrawal regulations that govern how cash may be taken from trading accounts.

This is due to the fact that each brokerage business will have various withdrawal options, and each payment provider may have varying transfer processing costs, processing durations, and perhaps a currency conversion fee. The conversion price varies according on your base currency, receiving currency, and payment provider.

For example, OctaFX allows you to withdraw cash to credit cards, VISA, MasterCard, debit cards, bank transfers, electronic wallets (eWallets), Neteller, Skrill, Fasapay, UnionPay, Bitcoin, BCA, Mandiri, BNI, BRI, FasaPay, and others.

Inactivity Fees at OctaFX

Inactive accounts are not charged a fee by OctaFX.

A registered brokerage client is charged an account inactivity fee.

Brokers may have certain trading activity criteria that clients must meet under the terms and conditions of their accounts.

If a client’s trading account is inactive for a length of time specified by the broker, an inactivity charge may be imposed.

Online trading accounts are not exempt from inactivity penalties. Many banking institutions may levy inactivity fees. Please review the broker’s website to ensure you are informed of and satisfied with all of the services and fees you may be paid.

If you no longer use your trading account, notify the broker’s customer service. Also, ensure that you have documentation that any outstanding costs are not owed.

Inactivity fees can only be imposed under specified conditions, depending on the sort of account you have signed up for. Brokers are obligated to properly disclose any inactivity fees as part of their regulation.

In order to compensate for the lack of commission income from your trading, certain brokerage firms may levy inactivity fees for maintaining your account on their pricey trading platforms.

Deposit Fees at OctaFX

Deposit fees are not charged by OctaFX. However, bank and third-party merchant fees may apply.

Deposit costs should always be reviewed since certain brokers may impose a fee when you deposit funds from your payment method to your trading account. This is due to the fact that the payment method you select to fill your account may include a cost.

When you deposit a certain fiat currency into your account, the cost may be set. When depositing cash using a credit card, for example, fees are known to be high. This is true if your broker allows credit card deposits.

Commissions at OctaFX

On CFD instruments, OctaFX does not charge a commission.

A commission fee may be charged by a broker as a service charge for enabling the purchase and sale of financial assets through your trading account.

The majority of a brokerage’s revenue may come from charging registered traders a commission charge on client transactions.

Commission rates might vary based on the trade style, financial asset type, and trading account level.

Broker commissions are payable when a brokerage fulfills, cancels, or adjusts an order on your behalf.

If your brokerage does not fill a market order, normally no commission is paid.

Be advised that your brokerage may impose a commission fee if your transaction is amended or canceled.

OctaFX website platforms and other apps for trading

OctaFX is one of the few brokers that provides both the MetaTrader 4 and MetaTrader 5 platforms. To discover how the two systems differ, check out our MT4 versus MT5 comparison.

OctaFX is one of just a few brokers that provides the cTrader trading platform. Check out our MT4 broker comparison for a list of forex brokers that provide the cTrader platform.

OctaFX now provides mobile apps for Android and iOS, making it easy to monitor and execute transactions while on the go.

Is the OctaFX Trading Platform Trustworthy?

OctaFX protects its clients’ personal information using SSL encryption on both its PC and mobile platforms. OctaFX also advises its clients to constantly seek for the SSL security indicator (a lock sign) on the browser while using OctaFX.

Options for the OctaFX Trading Platform

After logging into your OctaFX account, you will see the trading platform choices shown below.

cTrader

MetaTrader 4 (MT4)

MetaTrader 5 (MT5)

Let’s take a closer look at each of these trading platforms and the alternatives OctaFX provides.

MetaTrader 4 OctaFX (MT4)

MetaTrader 4, usually known as MT4, is one of the most widely used trading systems, having been in use in financial markets since 2005. The MetaTrader 4 program provides a feature-rich, user-friendly interface as well as an incredibly customizable trading environment, all of which are designed to meet all of your trading demands and improve your trading success. Advanced order management tools and charting functionality

Understand that the MetaTrader 4 (MT4) trading platform was designed primarily to trade Forex, but you may also trade CFDs and Spread Betting to trade other forms of financial assets. Stocks, Indices, Commodities, ETFs, and Futures cannot be traded on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. Because you are speculating on price fluctuations with OctaFX, you will not own any underlying assets with CFDs or Spread bets.

OctaFX offers the MetaTrader 4 platform in a variety of versions, including an online web platform and a downloaded program for Windows PCs and Apple Macintosh computers. OctaFX MetaTrader 4 is now compatible with macOS Mojave. OctaFX allows traders to trade on mobile devices such as the iPhone and Android smartphones.

OctaFX’s Metatrader 4 Webtrader

As more and more traders continue to trade online, MetaTrader 4 has become the most popular trading platform in the world. Metatrader 4 is offered as a web-based program that can be used using your web browser. MetaTrader 4 web software offers the same simple performance as the desktop version, with powerful charting, a highly customizable trading environment, simple online trading tools, and a wide range of indicators. You may trade without a Dealing Desk in our Raw Pricing environment from anywhere in the globe.

OctaFX MetaTrader 4 Trading on iOS Devices

You may trade with OctaFX by downloading the OctaFX app or by using the MetaTrader 4 app from the Apple app store.

The Metaquotes MetaTrader 4 Program is available for free download from Apple’s App Store. Customers of OctaFX get rapid access to these financial markets, as well as the opportunity to comprehensively manage a Portfolio on the move.

OctaFX MetaTrader 4 Trading on Android Devices

Millions of people across the world use Android mobile devices and tablets. OctaFX gives its clients access to the MetaTrader 4 platform on Android-enabled devices, allowing them to monitor the financial markets and trade directly from their Android-based Smartphones and tablets. The Android OctaFX MetaTrader 4 Android application allows traders to take use of a variety of advanced trading tools, allowing them to monitor and trade Forex on the move in a simple and secure manner.

MetaTrader 4 Trading Central OctaFX

Trading Centrals Alpha Generation Indicators are a collection of three major indicators, which include:

Analyst Perspectives – A go-to resource for executives and important personnel.

Adaptive Candlesticks – identifies chart patterns that show significant changes in demand and supply.

Adaptive Divergence Convergence (ADC) – Similar to MACD, but beneficial at shorter time intervals and offers more immediate signals.

MetaTrader 4 Advanced Trading Tools by OctaFX

The OctaFX advanced trading tools for MetaTrader 4 are designed to enhance the overall trading experience and provide traders a competitive advantage. OctaFX provides access to 20 distinct tools, including feature-rich trade execution and administration programs, intelligent notification alarms, communications capabilities, cutting-edge market data, and much more.

OctaFX MetaTrader 4 MultiTerminal Trading

MetaTrader 4 MultiTerminal has a user-friendly interface where traders may manage and monitor several trading accounts. MultiTerminal allows you to handle up to 100 accounts at the same time, allowing you to place market orders, pending orders, monitor live market prices, and track all accounts and equity in real time. All trading accounts must be registered with the same MetaTrader server. Expert Advisors and other automated trading scripts are not supported by MultiTerminal.

AutoChartist OctaFX MetaTrader 4 & MetaTrader 5

OctaFX Autochartist offers the world’s first Market Scanner for MT4 and MT5, which uses a non-trading Expert Advisor script. Scan markets for trading opportunities while seeing all symbols and time periods on one graph. Gone are the days of displaying a plethora of graphs on which you can’t recall which currency you’re looking at. Autochartist is a basic user interface that may be tailored to your trading style.

MetaTrader 5 OctaFX (MT5)

MetaTrader 5, or MT5, is a multi-asset trading platform that offers a variety of trading capabilities and financial research tools. MT5 also supports the use of automated trading systems (trading robots) and copy trading. Additional periods and advanced charting tools, for example, can provide you a competitive advantage in the financial markets.

MetaTrader 5 was published in 2010 as an upgrade to MetaTrader 4.

MetaTrader 4 was designed exclusively for trading Forex and CFDs, but MetaTrader 5 allows you to trade Forex, Futures, Stocks, Algorithmic Trading, ETFs, and Indices.

MetaTrader 5 WebTrader OctaFX Trading

Any web browser may access your OctaFX MetaTrader 5 accounts. It includes a wide range of tools, such as different periods and the most recent technical indicators, to provide you with all of the trading resources you need to trade and analyze financial markets.

MetaTrader 5 for OctaFX on iOS Devices

OctaFX MetaTrader 5 is compatible with iOS devices such as the iPhone and iPad. MetaTrader 5 requires either a mobile internet connection or a Wi-Fi connection. It is recommended that you update the iOS MetaTrader 5 app on a regular basis. New versions have enhanced functionality and stability. OctaFX MetaTrader 5 gives traders access to market information for financial instruments transacted in market execution mode.

MetaTrader 5 for OctaFX on Android Devices

MetaTrader 5 for Android is compatible with any Android smartphone or tablet running Android 5.0 or above. In addition, to connect to the OctaFX trading server. Take your time learning about all of the Android MetaTrader 5 features. Metatrader 5 for Android allows you to trade a variety of financial assets at any time and from any location.

Features of the OctaFX Metatrader Mobile Application

MetaQuotes, the Metatrader creators, responded to the comments of its millions of customers and created the world’s most popular mobile trading platform. MetaTrader has the following features:

Quotes for financial instruments

View detailed price charts for financial products.

Manage open transactions and positions

Examine your trading history

View market news and internal MetaTrader messages

View and investigate OctaFX financial instrument market statistics.

Opening and closing positions

In the quotations section, look up symbols.

Deals are displayed on graphs.

Graph and chart timeframe selection

Additional graph vertical scaling

Accounts may be transferred to other devices using QR codes.

Only information offered by OctaFX is accessible.

Use FaceID or your fingerprint to access the OTP generator.

MetaTrader 5 Advanced Trading Tools by OctaFX

For expert traders, OctaFX MetaTrader 5 includes a plethora of advanced trading tools. Understanding these tools can provide you with a competitive advantage.

Market bids and requests depth
Futures, Forex Advanced Technical Analysis, Price Data Margin Calculation
Spread trading with a single click
Reports on Futures Trading

cTrader OctaFX

CTrader is a complete trading platform solution that Forex and CFD brokerages may offer to their clients. The platform is jam-packed with options that cater to every investing preference conceivable.

OctaFX offers the cTrader Premium Charting and Manual Trading Platform

cTrader is a well regarded multi-asset Forex and CFD trading platform. Advanced order types, charting capabilities, amount II pricing, and rapid entry and execution are all available in cTrader. It is linked to cutting-edge infrastructure and has an incredible looking layout and dashboard that can be viewed from a variety of devices.

OctaFX now has a copy of cTrader

CTrader Copy enables everyone on the site to share their investment and trading strategies for a charge or commission. Other dealers may look for and copy the accessible strategies, allowing them to enjoy risk-free investing. Traders can also apply their own risk management setups.

OctaFX now offers cTrader Automate.

CTrader Automate allows traders to build algorithmic trading robots to automate financial trading plans. Dealers may build code within the IDE using cTrader’s modern C# API; the IDE lets developers to optimize and test their financial robots.

OctaFX now offers the cTrader Open API

Using the cTraders Open API, you may create your own applications. It is a free, secure, and publicly accessible API for everyone. Developers may use cTrader’s proven infrastructure to build desktop, mobile, and web products. The open API enables developers to communicate with any cTrader account.

Advantages of OctaFX Trading

Allows for scalping

Allows for hedging STP

Low minimum deposit

Offers with a guaranteed stop loss Negative Balance Defense

OctaFX Trading Accounts Are Available

The account kinds offered by OctaFX are summarized below. Whatever you want to trade, the various OctaFX account kinds will be able to meet your needs.

Micro account

Mini account

Demo account

Standard account

Zero spread account

Account for STP

Islamic bookkeeping

Can I experiment with OctaFX?

OctaFX provides a demo account for you to test before committing to paying payments.

Methods of withdrawal and funding at OctaFX

Please keep in mind that the OctaFX payment options listed below are dependent on the OctaFX Entity and the Client’s country of residence.

All OctaFX payment methods are available to you in your OctaFX members area and on the OctaFX website.

OctaFX accepts the following financial payment options. If accessible in your area, you can utilize any of the deposit alternatives listed below.

Payment Options at OctaFX

Credit cards are accepted by OctaFX.

VISA is accepted at OctaFX.

MasterCard is accepted at OctaFX.

Debit cards are accepted by OctaFX.

OctaFX takes bank transfers.

Electronic wallets are accepted by OctaFX (eWallets)

OctaFX allows Neteller payments.

Skrill is accepted by OctaFX.

Fasapay is accepted by OctaFX.

UnionPay is accepted by OctaFX.

OctaFX accepts Bitcoin as payment.

BCA is accepted by OctaFX.

Mandiri is accepted by OctaFX.

BNI is accepted by OctaFX.

BRI is accepted by OctaFX.

FasaPay is accepted by OctaFX.

How can I begin trading with OctaFX?

You must join up here to start a trading account with OctaFX. After you have received your login information through email, submitted your identity papers for account confirmation, and made a deposit, the following step is to download your preferred trading platform. Here you may find complete information on OctaFX trading platforms. As part of OctaFX onboarding and standard KYC identification checks, you will be required to supply some basic evidence to establish your identity. These checks are routine procedure and assist OctaFX in providing a secure financial environment for its 30,000 consumers.

Making deals with OctaFX

OctaFX allows you to trade with as little as 0.01 lot. This may differ based on the type of account you establish. OctaFX allows you to trade a maximum of 10 lots. Because OctaFX provides STP execution, you may anticipate narrower spreads and greater transparency in the price you pay to execute your transactions.

Margin requirements vary based on the instrument, as they do with most brokers.

OctaFX offers CFD trading

Let’s go through some of the fundamentals of using OctaFX leverage.

OctaFX provides CFDs, which are leveraged products with 10 times leverage in this case.

So you have a $10,000 position, but you only tie up $1,000, or one-tenth of the account’s worth. You have a circumstance in which a tiny amount of money controls a much larger financial position. This is your advantage.

So, how does leverage affect your earnings and losses? Simply put, it multiplies them in both directions.

When trading, OctaFX leverage multiplies both gains and losses.

Assume you buy/sell $10,000 worth of General Electric (GE) using contracts for difference (CFDs) on the OctaFX trading platform.

Let’s imagine General Electric (GE) climbs 10% because its earnings are favorable, and your $10,000 holding is now worth $11,000 dollars.

It has increased in value by $1000 (10%), representing a 100 percent gain on the cash initially pledged on your leverage CFD transaction.

Our initial investment of $10,000 for the deal has resulted in a $1,000 profit because the price has increased by 10%.

OctaFX leverage works in both directions. If General Electric (GE) falls 10% on the week’s results, your stake, which was worth $10,000, is now worth only $9,000. It has decreased by a thousand bucks.

OctaFX CFDs are primarily utilized for trading in the short to medium term. For instance, OctaFX offers intraday CFD trading. Although CFD transactions are high risk since they are not part of the financial markets, they might be more flexible than typical market trading in which you hold the underlying asset. CFD transactions allow you to access CFD fractional shares, CFD overseas marketplaces, and CFD short selling. CFDs can also be used to hedge by more experienced traders.

Always keep in mind that CFDs are sophisticated securities with a significant risk of losing money quickly owing to leverage. Deposits may be exceeded by losses.

Using OctaFX Negative Balance Protection to Reduce Your Risk When Trading

We should discuss negative balance protection with OctaFX. When trading with leverage, a bad move might cost you more than your trading account balance at OctaFX. Negative Balance Protection should be set up as standard if your broker is regulated by the FCA. Your OctaFX account might possibly go negative. We recommend that you employ negative balance protection. When you use negative balance protection, your losses are always restricted to the current balance of money in your account.

OctaFX Education Resources

To trade efficiently with OctaFX, you must first have a thorough grasp of the OctaFX trading tools and markets. Make full use of all educational resources. This covers both OctaFX and external education tools.

OctaFX provides a wide range of instructional tools. Take your time and study about the financial markets. Take the time to understand how to use your trading platform. Make buy/sell trades, learn how to capitalize on global trading opportunities, and most crucially, understand how to reduce and manage investment risk.

An analytical approach to trading with OctaFX may be advantageous.

Take some time to explore the OctaFX platforms and practice thinking more methodically and rationally about the markets. It’s a new skill set for many, but it’s what the market demands.

OctaFX Customer Service

As part of our OctaFX review, we look at customer support choices, response times, and the effectiveness of OctaFX trading platform problem solutions.

OctaFX supports a limited number of languages, including English.

OctaFX has a triple AAA support and customer service rating because they provide assistance in a variety of languages, live chat, email, and phone.

OctaFX customer care is available in a variety of languages from across the world. Having a broker that can recruit people from all over the world who can interact with you in your native language is a great benefit when dealing with problems.

To efficiently trade the financial markets on the OctaFX platform, you must have a favorable customer service experience with OctaFX. OctaFX should ensure that all of your queries are answered and that any OctaFX platform difficulties are resolved. When an OctaFX customer has a question about OctaFX, the OctaFX customer care team should take these concerns seriously and provide a prompt and effective response. OctaFX has an excellent client support team, which is why we strongly recommend them.

OctaFX offers live chat support

OctaFX does not provide LiveChat assistance.

Contact OctaFX Support through email

We wrote multiple emails to OctaFX, and their response times were generally outstanding. OctaFX’s fastest reaction time was less than 2 minutes, while its worst response time was 3 hours. OctaFX support response times may vary for you, however this was our experience after sending 10 emails at various times.

Our questions were handled and answered by the staff. OctaFX provides excellent email support.

OctaFX Phone Support

When we phoned OctaFX, we received a prompt response. The call was answered in within a minute.

The OctaFX phone support crew answered our queries and resolved our difficulties over the phone. We put the multilingual OctaFX crew to the test by phoning in different languages. OctaFX made an attempt to respond to our questions.

OctaFX provides excellent phone service.

What you’ll need to establish an OctaFX account

Because OctaFX is regulated by the Financial Conduct Authority (FCA), every new client must go through a few simple compliance checks to confirm that you understand the risks of trading and are permitted to trade. When you establish an account, you will most likely be asked for the following information, so have it handy:

Be advised that the expiration date of the Proof of Address document for each entity under the OctaFX Brand may change.

A color scanned copy of your passport, driver’s license, or national ID

A utility bill or bank statement from the previous three months that shows your address

You’ll also need to answer a few basic compliance questions to prove your trading expertise, so allow at least 5 minutes to finish the account opening procedure.

While you may browse OctaFX’s site right immediately, it’s crucial to realize that you won’t be allowed to trade until you pass compliance, which might take several days depending on your scenario.

To begin the process of creating an account with OctaFX, go to the OctaFX trading site.

CFDs are leveraged products that can result in large losses that exceed your initial investment. All trading entails risk. Only risk capital that you are willing to lose. Past results do not guarantee future outcomes.

This material is intended to be informative and should not be construed as investment advice. On July 18, 2022, all information was gathered from https://www.octafx.co.uk/.

Is OctaFX a Reliable Broker?

We investigated OctaFX for over three months. Although we discovered several extremely beneficial parts of the OctaFX platform that may be valuable to some traders.

OctaFX has a solid track record of providing Forex services.

OctaFX has been in business for almost 11 years.

OctaFX has at least ten customer service representatives.

The Financial Conduct Authority regulates OctaFX (FCA). This implies OctaFX is governed by a jurisdiction that may hold a broker accountable for its mistakes, or at best act as an arbitrator in larger disputes.

OctaFX is regulated by respected agencies.

Deposits and withdrawals can be completed within 2 to 3 days at OctaFX. When withdrawing monies, this is critical.

OctaFX has a global presence in a number of nations. This includes OctaFX seminars and training in your area.

OctaFX has the ability to recruit people from all around the world who are fluent in your native language.

Commonly Asked Questions about OCTAFX

Read our comprehensive OctaFX FAQ Section, which has been revised for 2022.

Can I experiment with OctaFX?

OctaFX provides a sample account so that you may test the OctaFX platform with virtual trading before committing to a payment. OctaFX virtual trading carries no risk.

OctaFX accepts which payment methods?

Please keep in mind that the payment options listed below are dependent on the OctaFX Entity and the Client’s country of residence.

OctaFX accepts the following payment options for funding: Payment options include credit cards, VISA, MasterCard, debit cards, bank transfers, electronic wallets (eWallets), Neteller, Skrill, Fasapay, UnionPay, Bitcoin, BCA, Mandiri, BNI, BRI, and FasaPay, among others.

Is OctaFX secure?

OctaFX is regarded safe since it is licensed and monitored by the Financial Conduct Authority (FCA). Traders’ payments to OctaFX accounts are stored in a separate bank account. OctaFX uses tier-1 banks for extra protection. Tier 1 is the standard metric for assessing a bank’s financial health and strength.

Is OctaFX trading reliable?

Trading with OctaFX is deemed safe and reliable. Over 30,000 traders and OctaFX users utilize OctaFX. OctaFX provides Forex trading services. OctaFX’s minimum deposit is $5.

Is OctaFX trading safe?

OctaFX was created in 2011 in St. Vincent and the Grenadines. OctaFX has been enabling financial market transaction for over 11 years. OctaFX provides Forex trading to its clients. To ensure security, all cash placed with OctaFX are maintained in separate bank accounts. OctaFX is regulated by the Financial Conduct Authority (FCA) and hence may be trusted.

Is OctaFX a reputable broker?

OctaFX is a good broker since it is supervised by the top tier financial authorities, the Financial Conduct Authority (FCA). OctaFX provides Forex trading.

Is OctaFX a reliable broker?

OctaFX is a trustworthy broker. All funds transferred to OctaFX are held in a separate bank account. This implies that OctaFX does not directly hold your funds. Because the broker does not have direct access to your cash, he or she cannot misappropriate them. OctaFX is also governed by the Financial Conduct Authority (FCA).

What is the OctaFX minimum deposit?

OctaFX requires a minimum deposit of $5 to begin trading.

How long does it take to withdraw money from OctaFX?

Withdrawing money from OctaFX takes 2-5 days on average, depending on the method.

Is OctaFX a regulated broker?

The Financial Conduct Authority regulates OctaFX (FCA). As part of OctaFX’s regulatory status, regulatory organizations undertake frequent assessments and audits. More information on these reviews may be found on the regulator’s websites.

OctaFX is a market maker.

OctaFX operates as a market maker. OctaFX will acquire stocks, money, and other commodities and instruments even if no buyer is found.

How can I begin trading with OctaFX?

You must join up here to start a trading account with OctaFX. After you have received your login information through email, submitted your identity papers for account confirmation, and made a deposit, the following step is to download your preferred trading platform.

Is my money secure at OctaFX?

The Financial Conduct Authority regulates OctaFX (FCA). The regulatory body and regulatory status of the broker are crucial considerations for traders when selecting a broker like OctaFX. Brokers that do business without regulation do so at their own risk and endanger the security of their clients’ funds.

Because of the laws in place, regulated brokers are extremely unlikely to influence market pricing. This will be recognized if you file a withdrawal request to OctaFX. They may lose their regulated status if they breach any regulatory requirements.

Is OctaFX a sham?

OctaFX is a regulated and well-established company that has been in operation for over 11 years. OctaFX is not a swindle.

Is it possible to generate money using OctaFX?

Despite the fact that traders have had remarkable success with OctaFX. OctaFX trading in the financial markets is not a get-rich-quick program. Your chances of success will skyrocket if you educate yourself, practice with a demo account, and properly plan your trade. Never invest money that you cannot afford to lose. Deposits might be exceeded by losses.

Does OctaFX charge any fees?

OctaFX does not levy withdrawal fees. OctaFX does not levy inactivity fees. Deposit fees are not charged by OctaFX.

OctaFX was started when?

OctaFX was established in 2011.

How popular is OctaFX?

Over 30,000 registered OctaFX users use OctaFX.

What is the nation of OctaFX’s headquarters?

OctaFX is headquartered in St. Vincent & the Grenadines.

Is there negative balance protection with OctaFX?

OctaFX protects against negative balances. Negative balance protection ensures that traders cannot lose more money than they deposit.

Is OctaFX’s stop loss guaranteed?

OctaFX provides stop loss protection that is guaranteed. Risk is handled with assured stop loss protection. Traders are guaranteed to close your deal at the price you choose. Only during market hours and under normal trading conditions are stop loss orders guaranteed.

Is scalping permitted at OctaFX?

OctaFX provides scalping.

Does OctaFX support hedging?

OctaFX provides hedging.

Is CFD trading available at OctaFX?

OctaFX provides CFD trading.

Is STP available at OctaFX?

OctaFX provides STP trading.

How popular is OctaFX?

Over 30000 OctaFX users and traders utilize OctaFX.

OctaFX is an ECN broker.

ECN trading is not available at OctaFX.

Is there a demo account available at OctaFX?

OctaFX provides a free demo account.

Is there an Islamic account available at OctaFX?

OctaFX has an Islamic account available.

What are OctaFX’s funding options?

Please keep in mind that the financing methods and funding alternatives accessible with OctaFX may be found in the OctaFX Members section and vary depending on the country of residency of the OctaFX client. Please check the OctaFX website for your individual accessible payment methods. Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Fasapay, UnionPay, Bitcoin, BCA, Mandiri, BNI, BRI, FasaPay are all acceptable payment options at OctaFX.

Andrew Blumer and Mark Hansen wrote the OctaFX review. We hope you found our OctaFX brokerage business review informative. Mark Hansen and Andrew Blumer, our finance editor, wrote this story. Mark formerly worked at the Kiel Institute and has experience working with financial institutions in Europe, Australia, South East Asia, South Africa, and the Middle East. Mark has more than 15 years of expertise in financial research, forecasting, and financial modeling, as well as identifying new market possibilities in stocks, CFDs, Forex, and commodities. Andrew has a long history in fintech and founded comparebrokers.co to make financial trading more open and accessible. We can help you choose the best online broker for you among 400+ brokers for clients in the UK, Europe, Asia, South Africa, and Australia, whether you want to trade Forex, Stocks, Commodities, or Indices.