OctaFX
Year Founded:
2011
Minimum Deposit:
CySEC (Cyprus)
FSC (Saint Vincent and the Grenadines)
Account Types:
Micro
Pro
ECN
Spreads:
Micro Account: From 0.8 pips
Pro Account: From 0.2 pips
ECN Account: From 0.0 pips
Commission Fees:
Micro/Pro Account: No commission
ECN Account: $5 per lot per side
Account Currencies:
USD, EUR, GBP, JPY, AUD, CAD, CHF, PLN, NZD, ZAR
Deposit Options:
Bank Transfer, Credit/Debit Card, Skrill, Neteller, PayPal, Cryptocurrency
Withdrawal Options:
Bank Transfer, Credit/Debit Card, Skrill, Neteller, PayPal, Cryptocurrency
Leverage:
Up to 500:1
Regulation:
CySEC (Cyprus)
FSC (Saint Vincent and the Grenadines)
Platforms:
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
OctaFX Mobile App
Tradable Instruments:
Forex, Indices, Commodities, Shares, Metals, Cryptocurrencies
Customer Support:
24/5 Live Chat, Email, Phone
Research & Education:
Webinars, trading guides, market analysis, video tutorials
Website Languages:
English, Chinese (Simplified), Arabic, Spanish, Portuguese, German, French, Italian, Japanese, Korean
Swap-Free Accounts:
Available (Islamic Account)
Scalping Allowed:
☑ Yes
Hedging Allowed:
☑ Yes
Automated Trading:
☑ Yes (via EAs and other automated trading tools)
Current Promotions:
Various promotions including deposit bonuses and trading contests (check the website for current details)
Bonus Offers:
Available, varies by region and promotion period
Negative Balance Protection:
English, Chinese (Simplified), Arabic, Spanish, Portuguese, German, French, Italian, Japanese, Korean
Educational Resources:
Webinars, video tutorials, trading guides, market analysis
Trust Score:
High (regulated by CySEC and FSC; known for its competitive trading conditions and diverse account types)
Official Website:
Additional Notes:
Low Minimum Deposit: OctaFX has a relatively low minimum deposit requirement of $25, which makes it accessible for both beginner and experienced traders.
Diverse Account Types: The broker offers several account types, including Micro, Pro, and ECN accounts, catering to different trading preferences and strategies.
High Leverage: OctaFX provides leverage of up to 500:1, allowing traders to manage positions with significant flexibility and amplify their trading potential.
Competitive Trading Conditions: With spreads starting from 0.0 pips on the ECN account, OctaFX offers competitive trading conditions, particularly suited for traders seeking low trading costs and tight spreads.
Advanced Trading Platforms: OctaFX supports popular trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), as well as its own mobile app, providing a wide range of tools and features for effective trading.
Comprehensive Customer Support: The broker offers reliable customer support through live chat, email, and phone, available 24/5, ensuring that traders can get assistance when needed.
Educational Resources: OctaFX provides various educational resources, including webinars, video tutorials, trading guides, and market analysis, to help traders enhance their skills and stay informed about market trends.
Global Accessibility: The broker’s services and website are available in multiple languages, making it accessible to traders from different regions around the world.
Promotions and Bonuses: OctaFX frequently updates its promotions and bonus offers, including deposit bonuses and trading contests, offering additional value to both new and existing clients.
Negative Balance Protection: OctaFX provides negative balance protection, ensuring that traders cannot lose more than their account balance, which adds an extra layer of security to their trading experience.