On-line since: About company: OctaFX is a leading online Forex and CFD broker founded in 2011. The brand belongs to Octa Markets Inc. OctaFX was given several prestigious awards. The company was acknowledged by Global Banking and Finance Review as the fastest growing broker a year after it started to operate. In 2013, World Finance magazine awarded it the Best Broker in Central & Eastern Europe title. In 2015 and 2016, OctaFX was acknowledged as the best STP broker. Investors’ protection OctaFX is regulated by the UK-based Financial Conduct Authority (FCA), one of the strictest financial regulatory bodies. The company was registered in 2011 in Saint Vincent and the Grenadines (license number 19776 IBC 2011). For FCA-authorized brokers, the base capital requirement is €730,000 with client funds must be kept on segregated accounts separate from the company’s operating funds. Most importantly, all clients of the FCA- authorized financial services firms are covered by the Financial Services Compensation Scheme (FSCS). This means that the FSCS can pay traders compensation if a broker is unable to meet its financial obligations. The compensation is limited to £50,000 per person. Trading platforms OctaFX offers reliable trading platforms MetaTrader 4, MetaTrader 5 and CTrader . MetaTrader 4 MetaTrader 4 is the most popular trading platform. It has the function of charts plotting and a wide range of technical indicators. It also supports the use of trading robots (Expert Advisors). MetaTrader 4 is available in PC and mobile versions. MetaTrader 5 MetaTrader 5 is the latest trading software developed by MetaQuotes Software Corp. It supports several types of orders (market orders, pending orders, trailing stop and stop orders). CTrader All transactions on the CTrader platform are executed through the ECN technology providing traders with direct market access. CTrader is also available in PC and mobile versions. Trading conditions OctaFX offers various account types, including Micro, Pro and ECN accounts. Trading assets include forex, metals and commodities. The minimum initial deposit amount for OctaFX clients is $100. This is an average amount required by brokers in general. A typical spread is 0.6 pips for the EUR/USD pair, which is a fairly good deal as most brokers offer spreads from 1 to 1.5 pips. The highest leverage provided by the broker is 1:500. The quotes at OctaFX are quoted at up to 5 decimal places. Payment methods OctaFX payment options include wire transfer, credit cards, Neteller. Withdrawals are made the same way as deposits. Client support service OctaFX client support is available 24/5. Traders can ask their questions by email, in chat rooms or by phone. Advantages:
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2/10
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I can't run my forex business with OctaFX, As the platform's execution is poor and always delayed. So I can't deal perfectly where I want to make an order. Also, I have failed to withdraw my profit of $120. I am worried about my money back. while I haven't gotten OctaFX's support service so far.
I'm impressed with OctaFX's platform performance. Really, it has fast execution and the pricing is live. So I have been satisfied after earning $565 so far. As many times I have deposited and withdrawn my profit within a day via Skrill. I know that their trading model is as an ECN using integral as the liquidity provider. So I was risk-free. OctaFX is the best profitable broker for me.
I can't trade well on the Ctrader platform at OctaFX broker. As their spread could go high and pricing quotes are different from the live market. It is so weird for run my business. So As I've withdrawn my Investment.
OctaFX is a well-regulated broker with promising trading services. I did not hesitate at all to open an account with them because I know that they can be trusted. It has been three years since I started trading with the broker and my whole experience has been amazing and productive. The company never failed to take good care of their clients.
I love my trading experience with OctaFX. OctaFX is a well-regulated broker so I don't need to worry about investing my money with them. Besides that, they provide excellent services for traders. Advanced tools, analysis, and news are also provided. They have some trading platforms, but I'm using their MT4. So far, my trading executed instantly properly. Have earned a profit and withdraw it at low cost. All I can say Thumbs up for OctaFX.
OctaFX has a platform that is very easy to use. I can say that this broker is really suitable to new traders because I was also a beginner when I opened an account with them. The main reason I chose this broker is their low minimum initial deposit. Then I realized that their tools and platforms are not complicated to use to I was able to trade comfortably. That is why I think that this would be great for beginners.
OctaFX is scam broker. I started with their demo trading with an EA and it made really good result and after 1 month later and I have started live trading with $640. The first week of my trading on their MT4 with EA, I made $205 profit. Immediately after this, their MT4 began to freeze, requotes, EA stopped working, and I finally lost $412 within one month. So I do not recommend this broker. At the beginning, they will allow to make profit but after that they will take all of your funds suing such kind of activity.
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