HomeOctaFX

    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.