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Trade with a regulated broker that adheres to placing clients' asset protection at the forefront.
Octa markets cyprus ltd offers spot forex and contracts for differences (cfds) on assets including equity indices, spot metals and commodities. Octa markets cyprus ltd offers easy-to-use platforms such as metatrader 5 and ctrader.
Octa markets cyprus ltd is authorised and regulated by the cyprus securities and exchange commission (cysec) with license №372/18. Octa markets cyprus ltd complies with european securities and market authority's (ESMA) regulatory standards as well as with market in financial instruments directive (mifid II)
Explore our platforms
Trading platforms are designed to enhance your trading experience. Access your trading account via mobile and desktop platforms.
Metatrader 5 and ctrader trading platforms are carefully designed to meet your trading needs.
Mobile and desktop trading on demo accounts
Trade markets with unlimited virtual funds. Test our trading platforms and your trading strategies with no risk involved by opening a demo account.
Octa markets cyprus ltd security
Negative balance protection
Octa markets cyprus ltd notice
As an EU member state resident you are currently viewing the website www.Octafx.Eu operated by octa markets cyprus ltd with registration number HE359992. Octa markets cyprus ltd is authorized and regulated by the cyprus securities and exchange commission (cysec) with license number 372/18. The registered office of octa markets cyprus ltd is in the republic of cyprus. The account(s) you may open on this website will be opened with octa markets cyprus ltd.
As an EU member state resident you are currently viewing the website www.Octafx.Eu operated by octa markets cyprus ltd with registration number HE359992. Octa markets cyprus ltd is authorized and regulated by the cyprus securities and exchange commission (cysec) with license number 372/18. The registered office of octa markets cyprus ltd is in the republic of cyprus. The account(s) you may open on this website will be opened with octa markets cyprus ltd.
The website is the property of octa markets cyprus ltd.
Software trading GRATIS metatrader 4
Download metatrader 4 untuk semua jenis perangkat
Download metatrader 4 di ponsel anda
Platform metatrader 4 web
Platform web MT4 memungkinkan anda untuk trade dari browser pada setiap operating system dengan interface yang terkenal dari platform desktop. Semua tool utama tersedia termasuk one click trading dan chart trading
Metatrader 4 desktop
Metatrader 4 dapat disesuaikan dan nyaman. Termasuk alat grafik, indikator market, scripts dan EA, manajemen risikoyang canggih, eksekusi market real-time dan sebagainnya.
Metatrader 4 android
Nikmati satu set lengkap dari trade order, trading history, grafik interaktif dan berbagai perangkat yang mendukung – semua ada dalam metatrader 4 untuk android. Di mana pun anda berada dan apa pun yang anda lakukan, forex akan selalu bersama anda!
Metatrader 4 ios
Software trading yang paling dikenal luas di dunia, sekarang tersedia untuk iphone/ipad anda. Masuk ke akun anda dan trading di mana saja dengan perangkat ios anda. Anda dapat dengan mudah mengakses keuangan anda kapan pun dan tanpa biaya.
PLATFORM TRADING FOREX PALING POPULER
Metatrader 4 (MT4) menyediakan teknologi canggih dan keamanan tinggi untuk memungkinkan para trader memilih posisi forex atau CFD tanpa mengkhawatirkan stabilitas platform. MT4 menawarkan instrumen untuk mengikuti fluktuasi harga, mengidentifikasi pola tren melalui chart dan grafik, dan juga menerapkan teknik trading otomatis untuk mengelola trade.
Mengapa memilih metatrader 4?
Platform trading elektronik ini digunakan oleh trader baru dan berpengalaman. Dipercaya oleh trader individu serta introducing broker dan perusahaan trading yang besar. Platform tersebut menawarkan alat trading dan analitis yang sangat baik, dan cukup fleksibel untuk menerapkan strategi trading yang sederhana dan yang sangat kompleks. Platform ini mendukung trading di forex, CFD, dan cryptocurrencies.
Di octafx, kami menyediakan klien kami dengan platform MT4 untuk memungkinkan mereka melakukan aktivitas trading mereka secara efisien dan dengan penuh ketenangan. Kami juga menawarkan materi edukasi, serta akun demo MT4, sehingga mereka dapat mempraktekkan trading tanpa resiko.
Trading lebih mudah dengan metatrader 4
- Fleksibilitas: ada beberapa pilihan pasangan mata uang yang bisa ditradingkan serta cryptocurrencies dan CFD.
- Ramah pengguna: MT4 memiliki tampilan yang ramah pengguna dan cocok untuk semua trader dari berbagai tingkatan.
- Penyesuaian: kembangkan expert advisors (EA) dan indikator teknis anda sendiri di metatrader 4, untuk menyesuaikannya dengan kebutuhan anda dan mempraktikkannya. Jendela chart dapat diatur untuk setiap profil sesuai pilihan anda.
- Efisiensi: MT4 tidak memperlambat kinerja PC dan ponsel anda, mengurangi gangguan seminimal mungkin.
- Alat charting: alat charting yang canggih dapat membantu menganalisa aspek teknis dari market.
- Expert advisors: robot trading memungkinkan otomatisasi trade dan akses ke manfaat platform trading algoritmik.
- Bahasa: platform tersedia dalam berbagai bahasa.
Pelajari cara memulai trading forex dalam 4 langkah mudah
pelajari cara memulai trading di MT4
Metatrader 4 menawarkan keamanan tingkat tinggi
Platform MT4 menawarkan standar keamanan tingkat tinggi untuk melindungi dana para trader. Terminal klien dan server platform bertukar data melalui server yang terenkripsi, dan platform menggunakan tanda tangan digital RSA. Alamat IP anda juga tetap terlindungi.
Di octafx, keamanan adalah prioritas utama kami. Langkah-langkah yang diambil untuk meningkatkan perlindungan dana yakni:
- Akun terpsiah: sesuai dengan standar regulasi internasional, octafx memisahkan dana pelanggan dari aset perusahaan.
- Personal area dilindungi SSL: data pribadi dan transaksi keuangan pelanggan dilindungi dengan enkripsi 128-bit, yang membuat browsing aman dan data klien tidak dapat diakses oleh pihak ketiga.
- Verifikasi akun: octafx merekomendasikan pelanggan unutuk memverifikasi akun mereka dengan mengirimkan ID pribadi dan bukti alamat untuk memastikan transaksi dilakukan secara sah dan aman.
- Aturan penarikan dana yang aman: penarikan dana memerlukan konfirmasi email dan pelanggan dianjurkan untuk menggunakan rincian pembayaran yang sama untuk deposit dan penarikan dana.
- Otorisasi visa/mastercard dengan 3D secure: teknologi 3D secure digunakan untuk memproses kartu debit dan kredit.
- Pelindungan lanjutan: octafx memastikan lingkungan teknis selalu dipantau selama 24/7 oleh tim insinyur keamanan dan spesialis teknis yang berdedikasi.
Metatrader 4: OS dan kompatibilitas perangkat
Metatrader 4 tersedia di platform web yang cocok untuk OS windows, linux dan mac. MT4 juga dapat diakses dari smartphone atau tablet, baik itu memiliki OS ios maupun android. Trade kapan pun dan di mana pun, dan memiliki akses ke informasi trading selama 24 jam sehari, bahkan saat anda bepergian atau berlibur. Sangat mudah untuk download dan install terminal di perangkat apapun yang cocok.
Metatrader 4: mode eksekusi trade
Order adalah instruksi untuk melakukan trade. Ada tiga mode eksekusi trade di platform MT4:
- Eksekusi oleh market: order anda terbuka di harga terkini, bahkan jika ada deviasi dari apa yang terlihat di platform. Ini menghasilkan eksekusi order yang lebih cepat, karena tidak melibatkan requote. *
* didukung oleh octafx - Eksekusi instan: sistem mencoba untuk mengeksekusi order anda menggunakan harga terkini di platform. Jika nilai tukar berubah ketika order sedang diproses, opsi requote menjadi tersedia, yang bisa ditolak atau diterima oleh trader.
- Eksekusi atas permintaan: harga diminta sebelum order dipasang. Begitu nilai tukar masuk, eksekusi order dapat dikonfirmasi atau ditolak.
Metatrader 4: alat charting untuk analisis teknis
Metatrader 4 menawarkan kemampuan charting yang canggih untuk menentukan titik masuk dan keluar dengan analisis teknis, yang menggunakan data harga dan volume historis untuk membantu membuat prediksi. Juga memungkinkan untuk mengirimkan order trading langsung dari chart.
Pada umumnya, MT4 dibuka dengan empat chart, masing-masing mewakili pasangan mata uang yang unik. Di sebelah kiri chart ada jendela market watch, dengan dua tab. Tab symbol menampilkan daftar pasangan mata uang dengan harga bid dan ask, sementara tab tick charts menampilkan pergerakan harga terkini dari pasangan mata uang yang dipilih. Di bawahnya ada jendela navigator, di mana trader dapat melihat akun mereka, indicator dan expert advisors.
Tampilan chart bisa disesuaikan. Setiap pasangan mata uang di chart bisa dilihat dalam sembilan time frame yang berbeda (yakni one minute, five minutes, one hour, daily, weekly, monthly). Objek grafis dapat ditambahkan ke dalam chart, seperti shapes (rectangle, triangle, ellipse), arrow dan text.
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January 2021 signals and results
January 2021 signals and results 29.01.2021 pair action E.Point SL TP1 TP2 TP3 result silver sell 26.12 27.10* 25.80 25.50 24.70 -112 28.01.2021 pair action E.Point SL TP1 TP2 TP3 result gbpjpy sell 142.55 142.90* 142.10 141.80 140.90 -35 28.01.2021 pair action E.Point SL TP1 TP2 TP3 result eurgbp buy .
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December 2020 signals and results
December 2020 signals and results 31.12.2020 pair action E.Point SL TP1 TP2 TP3 result eurchf sell 1.0837 1.0895 1.0800* 1.0770 1.0720 +37 30.12.2020 pair action E.Point SL TP1 TP2 TP3 result eurgbp buy 0.9070 0.8950* 0.9120 0.9160 0.9240 -80 29.12.2020 minimum 2000$ necessary for 0.01 trade pair action E.Point SL .
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Octafx review
Octafx
Leverage: 1:30 | 1:500
Regulation: cysec
Min. Deposit: 100 EUR
HQ: SVG, cyprus
Platforms: MT5, ctrader
Found in: 2011
Octafx licenses
- Octa markets cyprus ltd - authorized by cysec (cyprus) registration no. 372/18
- Octa markets incorporated - authorized by the FSA (SVG)
Top 3 forex brokers
FXTM review
GO markets review
FP markets review
- What is octafx?
- Awards
- Safe or a scam?
- Leverage
- Accounts
- Market instruments
- Fees
- Deposits and withdrawals
- Trading platforms
- Customer support
- Education
- Conclusion
What is octafx?
Octafx is a technology based brokerage company that operates since 2011 and offers industry leading platforms such as metatrader5 and ctrader with numerous investment opportunities and great capabilities.
At the beginning of its establishment octafx walked a path from an offshore brand located in SVG and further on operated in the UK, however since 2017 closed its entity and moved to cyprus.
So, together with the european cysec license broker operates also a global offering from its entity, therefore check on carefully under which regulation you will fall as it may propose different trading conditions.
| Pros | cons |
|---|---|
| forex and cfds offered | phone support not available 24/7 |
| great trading tools | no forex education |
| MT5 and ctrader platforms offered | |
| fast account opening and free demo account | |
| no commission deposits and withdrawal options |
What type of broker is octafx?
Octafx is an STP forex broker also with high standards of secure trading environment, as of the regulation it imposes. The offering to the clients is wide and even comprehensive since proposes the same if not more investment opportunities to the world trading community.
10 points summary
| �� headquarters | broker located in SVG and cyprus |
| ��️ regulation | cysec, FSA SVG |
| �� platforms | MT5, ctrader |
| �� instruments | cfds on commodities, forex, metals, indices and energies |
| �� demo account | available |
| �� minimum deposit | 100$ |
| �� EUR/USD spread | 0.5 pips |
| �� base currencies | USD, EUR |
| �� education | available only through international entity |
| ☎ customer support | 24/5 |
Awards
Octafx already quite known and operates for a while despite a fact that received its european license just recently. So for the years it operates, octafx participates to various exhibitions and received numerous international awards along with the huge number of active traders registered at the company. That all in all confirm its status and reputable position in the industry, which we will also be able to see in detail further in our octafx review.
Is octafx safe or a scam?
The main issue and topic of our octafx review among others if its safe trading environment, which is checked as first due to its regulatory obligation and license under which the broker operated. Octafx launched since 2011 walked a path with various operation licenses including SVG registration, operating the UK branch, yet suspended this entity back in 2017 and target cyprus as its next destination of operation.
| Pros | cons |
|---|---|
| cysec regulated international broker | previously operated only offshore entity |
| global coverage and years of operation | |
| negative balance protection applied |
Is octafx legit?
So, the main gap for these years of operation was the fact that octafx was a brand of the octa markets incorporated company that is registered, regulated and governed by the law of saint-vincent and the grenadines. Which is offshore heaven for its tax-management as well as relative ease to establish a company. Now, since octafx established its legal entity in cyprus and respectively got a license from the local cysec, which also impose regulation according to european ESMA standards.
Therefore, now we can state that octafx and its octa markets cyprus ltd entity shows us a clear state of the compliance to the necessary operation standards.
Since the regulation demands strict follow of forex business operations management, it is considered safe to open an account either with cyprus or international octafx entity.
How are you protected?
The set of regulatory requirements enables protection to the clients and including – funds segregation, application of negative balance protection while the broker is constantly overseen by the authority in terms of its safety compliance. In addition, there is a security of the traders’ accounts applied by the investor protection and compensation schemes in case the broker goes bankrupt.
Leverage
As for the leverage as a known instrument that increases the initial capital you trading with and can be a very useful tool to magnify potential gains is offered by the octafx broker as well. However, along with its great capabilities, leverage increases risks together with its benefits, so you should always learn how to use tools smartly.
Risk level
The risk level is defined also by the leverage level you use since higher leverage dramatically increases your high risk to lose money as well.
For this reason, world authorities and regulators restrict leverage to use to specify, safer levels for retail traders. Therefore, octafx cyprus entity together with its operations established under ESMA rules offers lower leverage levels as defined by the regulator. This means that european traders or those clients that are registered with octafx european entity will fall under ESMA regulation that recently limited leverage.
Yet, if you still prefer to use high leverage international entity of octafx still allows so.
- European traders leverage is maximum 1:30 for major currency pairs, 1:10 for commodities
- International traders can still use leverage until 1:500
Accounts
Another important note within octafx review is a range of account types through which you will access trading. Eventually, the broker offers two account types that also define trading conditions and the platform that is used for trading itself.
| Pros | cons |
|---|---|
| fast digital account opening | none |
| single account for metatrader5 or ctrader platforms | |
| demo account offered | |
| option between trading fee models |
Types of accounts
As the broker defines by itself the MT5 account offered for a conservative trader as it is suitable for the majority of investors also supporting all trading styles and social trading as well. While ctrader will be more suitable for progressive traders or professionals as offers comprehensive trading conditions with commission based fee structure.
Besides, there is an option to submit for a demo practice account and use its unlimited sources to polish strategy or get to know platforms and octafx conditions better.
Yet, the international proposal includes also ECN and PRO account based on the platforms, besides micro account on metatrader4 platform is offered too. It is recommended for novice traders and allows micro lot trading with floating spreads starting at 0.4 pips or fixed spread at 2 pips.
Trading instruments
So what you can trade with octafx? The market range offers you the most demanded instrument while base on the CFD trading model and offering you an opportunity to speculate on the price movement on forex currency pairs, metals, energies and indices.
Another good point at octafx is its pricing strategy or a fee which you will need to pay for the usage of the octafx trading service. There are two options according to the account type you choose and the platform you use, offered by the octa markets.
While an international brand may offer slightly different conditions, which you may check from the site better.
| Pros | cons |
|---|---|
| low forex fees | inactivity fee |
| options between spread only or commission fee basis | |
| 0$ withdrawal fee | |
| micro lot trading available |
Our find on CFD fees
So fee strategy is different according to the platforms while MT5 offers you spread only basis with a minimum spread of EUR USD 0.2 pips, which is a very good offering compared to industry standards.
And ctrader brings you access to raw spread from 0 pip for EUR USD pair plus the commission charge of 3$ pet lot.
Also, see below the comparison table with a typical octafx spread and compare brokers to other CFD brokers with CFD fees, commission or inactivity fee if applicable.
Trading fees of octafx vs similar brokers
| asset/ pair | octafx fees | avatrade fees | etoro fees |
|---|---|---|---|
| EUR USD | 0.5 pips | 1.3 pips | 3 pips |
| crude oil WTI | 2 pips | 3 pips | 5 pips |
| gold | 20 | 40 | 45 |
| inactivity fee | yes | yes | yes |
| fee ranking | low | average | high |
Here is a snapshot of octafx fees
Overnight fee
Also, always consider overnight charge or swap in case you’re holding the position longer than a day. It is always defined by the instrument you trade and may be visible either through a website or platform while trading. See the example on the snap above.
Deposits and withdrawals
Being able to access your funds at any time with ease and convenience is another point with a regulated broker and our octafx review. So together with its strict money management rules, you may fund your account by deposit through a bank account with no complication.
| Pros | cons |
|---|---|
| no deposit fees | limited deposit and withdrawal option for european clients |
| withdrawals free of charge | no credit card supported for cyprus entity |
| wide range of payment methods supported by an international entity |
Deposit fees and options
As a licensed broker that obliges to safety measures, octafx cyprus offers only bank wire transfer for its european clients. While international entity includes also credit cards, e-wallets and other methods which you may check with customer service before any transfer is done.
- Bank wire transfer
What is also great, there is no charges for deposits so you won’t pay any commission, however always define it with your payment provider or bank itself as an international rule vary from jurisdiction to another.
Minimum deposit requirement
By the octafx policy, the minimum deposit set to a EUR100 allowing you to open any account type from the two offered by the broker.
Money withdrawal
Money withdrawal is the same smooth process, while octafx also covers fees so you may access your moany at any time and receive it relatively quickly. Usually, octafx confirms withdrawals within 1-2 business days, but allow extra days for you bank to process the transaction.
Here are the steps to withdraw money from octafx
By a simple follow of instructions, you may access your account and submit a withdrawal. And of course, you may always count on a great help center which is remaining at your assistance.
How do you withdraw money from account?
1. Login to your account. Select on withdraw funds’ at the menu tab
2. Fill in the form and enter the desired withdraw amount
3. Choose the withdrawal method
4. Complete the necessary form requirements
5. Confirm withdrawal details and submit
Trading platforms
Lastly and what we like the most is the octafx platform offering, while you may select either industry leading software also its newer version metatrader5 with all benefits included and not restricted, also with copy trading option. Or to use advanced and very powerful capabilities of ctrader platform.
The choice between the platform is always your and they are indeed very different, also bringing different price model and more suitable trading strategy. Metatrader5 is good for everyone and more trader friendly software, also copy trading available through it.
While ctrader platform is more sophisticated technology also the one that offering ECN direct market access which might be a better option for professionals. Besides, if you open an account with the international brand of octafx there is an option to use metatrader4 and operate through an account with micro lot trading option.
Scores & availability of different platforms
| pros | cons |
|---|---|
| option between metatrader5 and ctrader | no education or video support for european entity, but available through international site |
| user friendly design | |
| price alerts and push notifications | |
| fee report | |
| supporting various languages | |
| web, mobile and desktop versions | |
| MT4 offered only by international entity |
Web trading platform
Both platforms supporting various versions that you may access either just by the load through your browser without any installation which is very useful. Metatrader will bring you all the benefits and powerful capabilities it offers, while ctrader webtrader is also featuring great design and look.
Desktop platform
However, advanced traders would prefer the desktop version as it feature much more customization capabilities and tools to use. So here both platforms also available for download and suitable for any operating system either ios or windows.
Look and feel
Both platforms are with clear look and feel, indeed ctrader is more complex to understand as it is packed with advanced tools yet the design is easy to navigate and customize.
Automated trading
Octafx automated trading capabilities are also useful for either beginning or professional trading through the use of popular eas. You may either create your own once or follow a specified strategy available through the community or in the market place.
Mobile trading platform
The mobile app is also offered for both platforms, while apps are simple to use and offer a wide range of tools at the same time. MT5 mobile offers various charting capabilities also customization which is fantastic for mobile trading along with full management of your account.
Customer service
Also, octafx customer support provides its clients with 24-hour live support available through live chat, email and phone support in various languages. Eventually, avatrade offers some of the greatest quality support with fast and reliable answers and a huge range of free of charge lines all around the world.
Education
Unfortunately, there is no education center or any learning materials about the trading process offered by cyprus entity, either octafx does not provide webinars or analytical research which is not so good for complete beginners.
However, octafx provides education and analysis through its international brand along with unlimited demo platforms allowing to practice strategies and test the offered systems. So if you’re beginning trader maybe you can see competition or participate to the course using other sources.
Yet, we can forgive this missing point to octafx as there are truly many benefits on the trading conditions they provide.
| Pros | cons |
|---|---|
| free unlimited demo account available | no education videos, webinars or learning materials provided by the cyprus entity. All education and analysis tools included in the international offering |
| wide range of trading tools | |
| trading ideas and social trading options | |
| economic indicators and news feed |
Research
In addition to its some of the good quality trading offerings among industry, all clients can enjoy absolutely stunning research tools and trading tools that are accessible directly through the platforms. Along with other user-friendly tools including calculator, fantastic and clear charting with built-in news feed and other essential trading data for your better trading.
Conclusion
Overall, octafx review shows us a broker with a quality trading strategy which offers also flexibility in terms of conditions, platforms and instruments it proposes.
While before we had some concerns due to its operation only through offshore entity now the trust is on a certain good level as octafx is regulated by the european cysec aligned with mifid directive. Therefore means its operation aligned to the necessary protection level through its either entity.
Read more about octafx license through our news by the link.
What we also admit is high-tech access to a range of the instrument and multiple platforms either for manual, algorithmic or social trading. It is definitely a great advantage that octafx offers both industry popular metatrader platform and powerful ctrader which is highly regarded by the professional traders.
Nevertheless, make sure to check the proposal of the particular octafx entity as an international brand and a cyprus one offers slightly different conditions. While obviously, octafx international proposal features more comprehensive tools and conditions along with education and research materials also MT4 availability.
Yet, it is always great to hear your personal opinion about octafx. So you may share your experience or thoughts or discuss them below or ask us for additional information.
Octafx review
Review
Octafx, a broker in operation since 2011 out of st. Vincent and the grenadines, serves over 1,500,000 traders from more than 100 countries; they report that order execution exceeded 288,000,000. This market maker deploys a straight-through processing (STP) model and offers traders the choice of the MT4, MT5, and ctrader trading platforms. New retail traders from emerging markets are a primary focus, and generous bonuses fulfill an essential role in growing the client base, with over $2,840,000 in bonus funds paid out to date. Octafx maintains a highly competitive cost structure with a commission-free EUR/USD spread of just 0.4 pips. The broker supports social trading via octafx copytrading and autochartist pro supports manual traders.
| ��️ headquarter | UK |
| ⚖️ regulations | SEBI |
| �� type of broker | ECN/STP |
| �� minimum deposit | $50 |
| �� maximum leverage | 1:500 |
| �� type of platform | metatrader 4, metatrader 5, ctrader |
| �� deposit with credit card | yes |
| �� depositing with wire transfer | no |
| �� demo account provided | yes |
| ��️ instruments traded | cfds, commodities, metals, oil, gold, indices |
Regulation and security
Octafx operates out of st. Vincent and the grenadines, where registration of octa markets incorporated exists with the financial services authority (SVGFSA). It is important to note that while the FSA is responsible for policing international business companies (ibcs), it does not regulate forex brokers. Therefore, octafx remains effectively unregulated; that in itself does not suggest malpractice or fraudulent activity by this broker. Octafx has expanded its operations since 2011, testament to its trader-friendly operations. In fact, more than 1,500,000 traders trust octafx, which should be taken into consideration when evaluating octafx.
Negative balance protection, the segregation of client deposits from corporate funds, and compliance with anti-money laundering (AML) directives enhance the security of traders. From this octafx review we can see that this broker does attempt to strike a balance between offering security as an unregulated entity and operating out of a business-friendly jurisdiction that allows it to execute its successful business model.
Octafx operates out of st. Vincent and the grenadines.
Negative balance protection exists, ensuring traders cannot lose more than they deposit.
Client deposits remain segregated from corporate funds.
Octafx fees
Octafx charges a combination of spreads, commissions, and swap rates. While the overall cost structure is extremely competitive, it is a bit complicated. To make things easier, we'll simplify it all in this ocatfx review. The MT4 micro account commences with a commission-free 0.4 pips minimum mark-up on the EUR/USD, which ranks among the best available offers in today’s industry. Swap rates apply, and islamic accounts face an equal cost, only labeled differently; the islamic account structure complies with sharia law. While the MT5 pro account continues with a similar minimum pricing environment, the current spread is significantly higher. A fixed three-day fixed cost applies, but no swap rates exist. Then there is the ctrader account, where the current mark-up is lower than in the MT5 but higher than in the MT4. The commission of $3 per lot is outstanding, and a fixed weekly rollover fee applies, again without daily swap rates.
Octafx does not levy charges for deposits, withdrawals, and currency conversions. No additional costs exist, making octafx one of the least costly brokers to trade with, fulfilling its mission statement of creating a low-cost broker for new traders and professionals alike.
MT4/MT5 traders can easily access swap rates from their platform by following these steps:
- Right-click on the desired symbol in the market watch window and select symbols.
- Select the desired currency and then click on properties located on the right side.
- Scroll down until you see swap long and swap short.
The commission-free MT4 account lists a minimum spread of just 0.4 pips.
The MT5 account comes with a fixed rollover cost which is deducted every three days.
The ctrader account offers a very competitive commission of $3 per lot, but spreads are higher than in the MT4 alternative.
Islamic accounts face fixed costs equal to swap rates.
The overall pricing environment is low, benefiting traders.
What can I trade
Octafx offers 28 currency pairs, four commodities, ten index cfds, and three cryptocurrency pairs, traders have limited choices. As far as we could see during this octafx review, the complete availability of assets remains confined to the MT5 account; the MT4 account features fewer assets, and ctrader offers the least. As such, cross-asset diversification is would be difficult, but it's possible to overlook this if you're a new trader and a solid cost structure is important to you.
Octafx maintains 45 assets in total.
Account types
Octafx maintains three account types. The broker claims the MT4 micro is the most common choice and confirms its popularity among new retail traders from emerging and frontier markets. With a minimum deposit of $100, traders have access to 39 assets with a maximum leverage of 1:500. The MT5 pro account offers all 45 trading instruments but requires a $500 deposit, with increased margin requirements. Both choices are commission-free. The commission-based ctrader account is available for just $100. It features the least number of assets with 30, but the maximum leverage is 1:500, unlike 1:200 in the MT5 account. Hedging and scalping face no restrictions in either choice.
Traders may choose from among three account types.
Islamic accounts are a cornerstone at octafx and are high in demand. While swap rates do not apply, fixed costs exist.
Octafx trading platforms
Traders may choose from the three leading trading platforms in the forex market. The market-favorite MT4, with over 20,000 third-party customized technical indicators and electronic advisors (eas), many free of charge, remains the most flexible version. MT4 maintains its leadership position for automated trading, the fastest-growing sector of the financial system. Traders must invest in necessary upgrades to unlock the complete functionality of MT4 and transform it into a competitive, cutting-edge version. Octafx also offers the MT5 trading platform, which remains the only one where all assets are available for trading. The best out-of-the-box alternative is ctrader, designed for trading via the electronic communications network (ECN).
All three platforms support automated trading and are available as a desktop client, a webtrader, and a mobile version. Autochartist pro enhances the MT4/MT5 trading platforms, granting traders one of the most widely used automated chart pattern recognition software. Social trading support exists via octafx copytrading, which allows traders without the time to manage their portfolios to diversify across strategies from one user-friendly platform.
MT4 maintains its leadership position among retail trading platforms.
Octafx traders who wish to trade all 45 assets must do so on the MT5.
The ctrader platform offers the best out-of-the-box trading experience.
Octafx copytrading supports the resurging popularity of social trading.
Unique features
There are three unique features worth noting.
Autochartist pro offers manual traders an excellent automated trading assistant. It is available only to clients who achieve silver status and above. Information about what is required to achieve this status appears to be available only to registered traders from inside their back-office.
Since 2017, octafx has revamped and improved its educational portal. It is supported via weekly and monthly demo contests, which allows new traders to earn between $500 and $1,000 in real cash, which is then deposited into a live trading account. Traders should enter trading contests at their own risk while understanding they may not win.
The octafx copytrading platform allows so-called master traders to earn an additional revenue stream from their strategy. It is ideal for those traders with smaller portfolios to leverage their income potential. Professional traders interested in tapping into the social trading scene will also benefit from it. Traders can create multiple master accounts for different strategies, and the freedom to adjust commissions adds to the flexibility.
Autochartist pro is an excellent trading tool available at octafx.
Demo contests with real cash prizes appeal to new retail traders.
Master traders can boost their income potential at octafx via the octafx copytrading platform.
Research and education
Octafx grants traders a comprehensive analytics section under trader’s tools. It consists of eleven sub-categories and a user-friendly design. Besides trading signals from autochartist, traders will discover in-house research and market commentary published by octafx under market insights, forex news, and technical analysis. They are updated frequently, consist of written content and charts, and represents a quality addition to the products available at this broker. A quick overview of market-related events exists under the economic calendar, interest rates, and national holidays. The profit and trading calculators allow traders to manage their trading strategy before placing trades. Overall, with the revamped research and education portal, octafx delivers a genuine auxiliary trading service.
The trader’s tools section features eleven sub-categories, which combine for quality service, especially for new retail traders.
Octafx updates three sections several times throughout the day, with trading ideas and market commentary.
Education at octafx consists of nineteen topics under forex basics. They consist of quality written content, charts, and some include numerous videos. While often brief, the content has educational value and offers new retail traders an excellent introduction to trading. The tutorials section focuses on octafx-specific guides, and video tutorials cover MT4/MT5, the personal area of octafx, and octafx copytrading. An FAQ section and a glossary aim to answer the most common questions and introduce terminology. Traders may access the manuals to obtain more specific assistance regarding the three trading platforms, related tools and services, and autochartist. Webinars hosted by octafx complete a well-rounded educational portal.
Octafx delivers a well-rounded educational portal.
Webinars add value, and new traders should take advantage of them.
Customer support
Customer support is available 24/7 and is best reached via live chat or telegram. A webform is equally accessible, and traders may alternatively call. Octafx ensures swift access to a customer services representative in case the unlikely need for additional assistance arises.
Bonuses and promotions
Bonuses and promotions remain an essential part of the octafx strategy, and traders have access to various offers. The 50% withdrawable bonus on each deposit represents an excellent offer for traders to build their portfolio through a series of monthly deposits, while two demo contests award real cash. The trade & win incentive rewards clients for trading activity with various prizes.
The withdrawable 50% bonus on each deposit represents the best offer at octafx.
Trade & win is another excellent reward program based on trading volume.
A four-tier status program grants additional improvements to the trading environment.
Traders can use the four-week MT4 demo account to win cash.
Smaller cash prizes await in the one-week ECN demo contest.
Octafx also hosts a 16 car global trading contest.
Opening an account
An online application form processes new accounts, and traders may use their facebook or google account to complete the process. Account verification is mandatory to comply with AML/KYC requirements. A copy of the trader's ID and one proof of residency document will satisfy this final step.
The account opening process complies with industry standards.
Deposits and withdrawals
Octafx supports credit/debit cards, skrill, neteller, and bitcoin. While the selection remains limited, it is suitable for most traders. No deposit or withdrawal fees exist from octafx, but third-party costs may apply. The processing times of deposits and withdrawals are fast, but it may take additional time to arrive in the trader’s account or e-wallet.
Octafx offers a limited but acceptable choice for payment processing.
Octafx review
Octafx
Leverage: 1:30 | 1:500
Regulation: cysec
Min. Deposit: 100 EUR
HQ: SVG, cyprus
Platforms: MT5, ctrader
Found in: 2011
Octafx licenses
- Octa markets cyprus ltd - authorized by cysec (cyprus) registration no. 372/18
- Octa markets incorporated - authorized by the FSA (SVG)
Top 3 forex brokers
FXTM review
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- What is octafx?
- Awards
- Safe or a scam?
- Leverage
- Accounts
- Market instruments
- Fees
- Deposits and withdrawals
- Trading platforms
- Customer support
- Education
- Conclusion
What is octafx?
Octafx is a technology based brokerage company that operates since 2011 and offers industry leading platforms such as metatrader5 and ctrader with numerous investment opportunities and great capabilities.
At the beginning of its establishment octafx walked a path from an offshore brand located in SVG and further on operated in the UK, however since 2017 closed its entity and moved to cyprus.
So, together with the european cysec license broker operates also a global offering from its entity, therefore check on carefully under which regulation you will fall as it may propose different trading conditions.
| Pros | cons |
|---|---|
| forex and cfds offered | phone support not available 24/7 |
| great trading tools | no forex education |
| MT5 and ctrader platforms offered | |
| fast account opening and free demo account | |
| no commission deposits and withdrawal options |
What type of broker is octafx?
Octafx is an STP forex broker also with high standards of secure trading environment, as of the regulation it imposes. The offering to the clients is wide and even comprehensive since proposes the same if not more investment opportunities to the world trading community.
10 points summary
| �� headquarters | broker located in SVG and cyprus |
| ��️ regulation | cysec, FSA SVG |
| �� platforms | MT5, ctrader |
| �� instruments | cfds on commodities, forex, metals, indices and energies |
| �� demo account | available |
| �� minimum deposit | 100$ |
| �� EUR/USD spread | 0.5 pips |
| �� base currencies | USD, EUR |
| �� education | available only through international entity |
| ☎ customer support | 24/5 |
Awards
Octafx already quite known and operates for a while despite a fact that received its european license just recently. So for the years it operates, octafx participates to various exhibitions and received numerous international awards along with the huge number of active traders registered at the company. That all in all confirm its status and reputable position in the industry, which we will also be able to see in detail further in our octafx review.
Is octafx safe or a scam?
The main issue and topic of our octafx review among others if its safe trading environment, which is checked as first due to its regulatory obligation and license under which the broker operated. Octafx launched since 2011 walked a path with various operation licenses including SVG registration, operating the UK branch, yet suspended this entity back in 2017 and target cyprus as its next destination of operation.
| Pros | cons |
|---|---|
| cysec regulated international broker | previously operated only offshore entity |
| global coverage and years of operation | |
| negative balance protection applied |
Is octafx legit?
So, the main gap for these years of operation was the fact that octafx was a brand of the octa markets incorporated company that is registered, regulated and governed by the law of saint-vincent and the grenadines. Which is offshore heaven for its tax-management as well as relative ease to establish a company. Now, since octafx established its legal entity in cyprus and respectively got a license from the local cysec, which also impose regulation according to european ESMA standards.
Therefore, now we can state that octafx and its octa markets cyprus ltd entity shows us a clear state of the compliance to the necessary operation standards.
Since the regulation demands strict follow of forex business operations management, it is considered safe to open an account either with cyprus or international octafx entity.
How are you protected?
The set of regulatory requirements enables protection to the clients and including – funds segregation, application of negative balance protection while the broker is constantly overseen by the authority in terms of its safety compliance. In addition, there is a security of the traders’ accounts applied by the investor protection and compensation schemes in case the broker goes bankrupt.
Leverage
As for the leverage as a known instrument that increases the initial capital you trading with and can be a very useful tool to magnify potential gains is offered by the octafx broker as well. However, along with its great capabilities, leverage increases risks together with its benefits, so you should always learn how to use tools smartly.
Risk level
The risk level is defined also by the leverage level you use since higher leverage dramatically increases your high risk to lose money as well.
For this reason, world authorities and regulators restrict leverage to use to specify, safer levels for retail traders. Therefore, octafx cyprus entity together with its operations established under ESMA rules offers lower leverage levels as defined by the regulator. This means that european traders or those clients that are registered with octafx european entity will fall under ESMA regulation that recently limited leverage.
Yet, if you still prefer to use high leverage international entity of octafx still allows so.
- European traders leverage is maximum 1:30 for major currency pairs, 1:10 for commodities
- International traders can still use leverage until 1:500
Accounts
Another important note within octafx review is a range of account types through which you will access trading. Eventually, the broker offers two account types that also define trading conditions and the platform that is used for trading itself.
| Pros | cons |
|---|---|
| fast digital account opening | none |
| single account for metatrader5 or ctrader platforms | |
| demo account offered | |
| option between trading fee models |
Types of accounts
As the broker defines by itself the MT5 account offered for a conservative trader as it is suitable for the majority of investors also supporting all trading styles and social trading as well. While ctrader will be more suitable for progressive traders or professionals as offers comprehensive trading conditions with commission based fee structure.
Besides, there is an option to submit for a demo practice account and use its unlimited sources to polish strategy or get to know platforms and octafx conditions better.
Yet, the international proposal includes also ECN and PRO account based on the platforms, besides micro account on metatrader4 platform is offered too. It is recommended for novice traders and allows micro lot trading with floating spreads starting at 0.4 pips or fixed spread at 2 pips.
Trading instruments
So what you can trade with octafx? The market range offers you the most demanded instrument while base on the CFD trading model and offering you an opportunity to speculate on the price movement on forex currency pairs, metals, energies and indices.
Another good point at octafx is its pricing strategy or a fee which you will need to pay for the usage of the octafx trading service. There are two options according to the account type you choose and the platform you use, offered by the octa markets.
While an international brand may offer slightly different conditions, which you may check from the site better.
| Pros | cons |
|---|---|
| low forex fees | inactivity fee |
| options between spread only or commission fee basis | |
| 0$ withdrawal fee | |
| micro lot trading available |
Our find on CFD fees
So fee strategy is different according to the platforms while MT5 offers you spread only basis with a minimum spread of EUR USD 0.2 pips, which is a very good offering compared to industry standards.
And ctrader brings you access to raw spread from 0 pip for EUR USD pair plus the commission charge of 3$ pet lot.
Also, see below the comparison table with a typical octafx spread and compare brokers to other CFD brokers with CFD fees, commission or inactivity fee if applicable.
Trading fees of octafx vs similar brokers
| asset/ pair | octafx fees | avatrade fees | etoro fees |
|---|---|---|---|
| EUR USD | 0.5 pips | 1.3 pips | 3 pips |
| crude oil WTI | 2 pips | 3 pips | 5 pips |
| gold | 20 | 40 | 45 |
| inactivity fee | yes | yes | yes |
| fee ranking | low | average | high |
Here is a snapshot of octafx fees
Overnight fee
Also, always consider overnight charge or swap in case you’re holding the position longer than a day. It is always defined by the instrument you trade and may be visible either through a website or platform while trading. See the example on the snap above.
Deposits and withdrawals
Being able to access your funds at any time with ease and convenience is another point with a regulated broker and our octafx review. So together with its strict money management rules, you may fund your account by deposit through a bank account with no complication.
| Pros | cons |
|---|---|
| no deposit fees | limited deposit and withdrawal option for european clients |
| withdrawals free of charge | no credit card supported for cyprus entity |
| wide range of payment methods supported by an international entity |
Deposit fees and options
As a licensed broker that obliges to safety measures, octafx cyprus offers only bank wire transfer for its european clients. While international entity includes also credit cards, e-wallets and other methods which you may check with customer service before any transfer is done.
- Bank wire transfer
What is also great, there is no charges for deposits so you won’t pay any commission, however always define it with your payment provider or bank itself as an international rule vary from jurisdiction to another.
Minimum deposit requirement
By the octafx policy, the minimum deposit set to a EUR100 allowing you to open any account type from the two offered by the broker.
Money withdrawal
Money withdrawal is the same smooth process, while octafx also covers fees so you may access your moany at any time and receive it relatively quickly. Usually, octafx confirms withdrawals within 1-2 business days, but allow extra days for you bank to process the transaction.
Here are the steps to withdraw money from octafx
By a simple follow of instructions, you may access your account and submit a withdrawal. And of course, you may always count on a great help center which is remaining at your assistance.
How do you withdraw money from account?
1. Login to your account. Select on withdraw funds’ at the menu tab
2. Fill in the form and enter the desired withdraw amount
3. Choose the withdrawal method
4. Complete the necessary form requirements
5. Confirm withdrawal details and submit
Trading platforms
Lastly and what we like the most is the octafx platform offering, while you may select either industry leading software also its newer version metatrader5 with all benefits included and not restricted, also with copy trading option. Or to use advanced and very powerful capabilities of ctrader platform.
The choice between the platform is always your and they are indeed very different, also bringing different price model and more suitable trading strategy. Metatrader5 is good for everyone and more trader friendly software, also copy trading available through it.
While ctrader platform is more sophisticated technology also the one that offering ECN direct market access which might be a better option for professionals. Besides, if you open an account with the international brand of octafx there is an option to use metatrader4 and operate through an account with micro lot trading option.
Scores & availability of different platforms
| pros | cons |
|---|---|
| option between metatrader5 and ctrader | no education or video support for european entity, but available through international site |
| user friendly design | |
| price alerts and push notifications | |
| fee report | |
| supporting various languages | |
| web, mobile and desktop versions | |
| MT4 offered only by international entity |
Web trading platform
Both platforms supporting various versions that you may access either just by the load through your browser without any installation which is very useful. Metatrader will bring you all the benefits and powerful capabilities it offers, while ctrader webtrader is also featuring great design and look.
Desktop platform
However, advanced traders would prefer the desktop version as it feature much more customization capabilities and tools to use. So here both platforms also available for download and suitable for any operating system either ios or windows.
Look and feel
Both platforms are with clear look and feel, indeed ctrader is more complex to understand as it is packed with advanced tools yet the design is easy to navigate and customize.
Automated trading
Octafx automated trading capabilities are also useful for either beginning or professional trading through the use of popular eas. You may either create your own once or follow a specified strategy available through the community or in the market place.
Mobile trading platform
The mobile app is also offered for both platforms, while apps are simple to use and offer a wide range of tools at the same time. MT5 mobile offers various charting capabilities also customization which is fantastic for mobile trading along with full management of your account.
Customer service
Also, octafx customer support provides its clients with 24-hour live support available through live chat, email and phone support in various languages. Eventually, avatrade offers some of the greatest quality support with fast and reliable answers and a huge range of free of charge lines all around the world.
Education
Unfortunately, there is no education center or any learning materials about the trading process offered by cyprus entity, either octafx does not provide webinars or analytical research which is not so good for complete beginners.
However, octafx provides education and analysis through its international brand along with unlimited demo platforms allowing to practice strategies and test the offered systems. So if you’re beginning trader maybe you can see competition or participate to the course using other sources.
Yet, we can forgive this missing point to octafx as there are truly many benefits on the trading conditions they provide.
| Pros | cons |
|---|---|
| free unlimited demo account available | no education videos, webinars or learning materials provided by the cyprus entity. All education and analysis tools included in the international offering |
| wide range of trading tools | |
| trading ideas and social trading options | |
| economic indicators and news feed |
Research
In addition to its some of the good quality trading offerings among industry, all clients can enjoy absolutely stunning research tools and trading tools that are accessible directly through the platforms. Along with other user-friendly tools including calculator, fantastic and clear charting with built-in news feed and other essential trading data for your better trading.
Conclusion
Overall, octafx review shows us a broker with a quality trading strategy which offers also flexibility in terms of conditions, platforms and instruments it proposes.
While before we had some concerns due to its operation only through offshore entity now the trust is on a certain good level as octafx is regulated by the european cysec aligned with mifid directive. Therefore means its operation aligned to the necessary protection level through its either entity.
Read more about octafx license through our news by the link.
What we also admit is high-tech access to a range of the instrument and multiple platforms either for manual, algorithmic or social trading. It is definitely a great advantage that octafx offers both industry popular metatrader platform and powerful ctrader which is highly regarded by the professional traders.
Nevertheless, make sure to check the proposal of the particular octafx entity as an international brand and a cyprus one offers slightly different conditions. While obviously, octafx international proposal features more comprehensive tools and conditions along with education and research materials also MT4 availability.
Yet, it is always great to hear your personal opinion about octafx. So you may share your experience or thoughts or discuss them below or ask us for additional information.
So, let's see, what we have: free forex education at octaforex
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- GBPJPY best free forex indicator and strategy
- Top 5 best forex trading strategies 2020
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- Best top 3 no loss forex trading strategies 2020...
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- Best indices forex trading strategy and free...
- Best free indicator for gold ( XAU USD ) trading
- 1.2 best moving average crossover trading strategy
- 25% daily profit, best forex trading indicator...
- 3$ daily confirm profit, best forex GBPUSD...
- No swap, top 3 forex trading strategies of the...
- 100% win, no loss world most secret & profitable...
- Top 2 world most secrets & no loss forex trading...
- US 30, D1 time frame, price action simple forex...
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- 100% win, no loss ripple trading strategy 2021 |...
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- December 2020 signals and results
- 7 brokers, 30 gifts tani forex best forex trading...
- Trade with a regulated broker that adheres to...
- Explore our platforms
- Mobile and desktop trading on demo accounts
- Software trading GRATIS metatrader 4
- Download metatrader 4 untuk semua jenis perangkat
- Download metatrader 4 di ponsel anda
- PLATFORM TRADING FOREX PALING POPULER
- Mengapa memilih metatrader 4?
- Trading lebih mudah dengan metatrader 4
- Metatrader 4 menawarkan keamanan tingkat tinggi
- Metatrader 4: OS dan kompatibilitas perangkat
- Metatrader 4: mode eksekusi trade
- Metatrader 4: alat charting untuk analisis teknis
- Tani forex free forex education
- 100% win, no loss ripple trading strategy 2021 |...
- GBPJPY best free forex indicator and strategy
- Top 5 best forex trading strategies 2020
- 100% win NGAS no loss forex trading strategy |...
- Best top 3 no loss forex trading strategies 2020...
- Crude oil trading, no loss, best trading strategy
- What is indicator in forex ? Definition, repaint...
- Best indices forex trading strategy and free...
- Best free indicator for gold ( XAU USD ) trading
- 1.2 best moving average crossover trading strategy
- 25% daily profit, best forex trading indicator...
- 3$ daily confirm profit, best forex GBPUSD...
- No swap, top 3 forex trading strategies of the...
- 100% win, no loss world most secret & profitable...
- Top 2 world most secrets & no loss forex trading...
- US 30, D1 time frame, price action simple forex...
- How to trade through forex gain formula 7...
- 10000$ investment, never loss, professional...
- 15 minute time frame secret forex trading tips &...
- Williams’ percent range special strategy | tani...
- January 2021 signals and results
- FBS no deposit bonus 2021 | levelup review by...
- Forex no deposit bonus and brokers scams | tani...
- Swap free forex broker in india , UK and all over...
- Best forex trading free and paid course | tani FX...
- My three secrets of being rich | mery success k 3...
- 100% win, no loss ripple trading strategy 2021 |...
- No deposit bonus and trader thinking | best forex...
- December 2020 signals and results
- 7 brokers, 30 gifts tani forex best forex trading...
- Octafx review
- Top 3 forex brokers
- What is octafx?
- Awards
- Is octafx safe or a scam?
- Leverage
- Accounts
- Trading instruments
- Deposits and withdrawals
- Deposit fees and options
- Minimum deposit requirement
- Money withdrawal
- Here are the steps to withdraw money from octafx
- How do you withdraw money from account?
- Trading platforms
- Scores & availability of different platforms
- Web trading platform
- Desktop platform
- Look and feel
- Automated trading
- Mobile trading platform
- Customer service
- Education
- Research
- Conclusion
- Octafx review
- Review
- Regulation and security
- Octafx fees
- What can I trade
- Account types
- Octafx trading platforms
- Unique features
- Research and education
- Customer support
- Bonuses and promotions
- Opening an account
- Deposits and withdrawals
- Octafx review
- Top 3 forex brokers
- What is octafx?
- Awards
- Is octafx safe or a scam?
- Leverage
- Accounts
- Trading instruments
- Deposits and withdrawals
- Deposit fees and options
- Minimum deposit requirement
- Money withdrawal
- Here are the steps to withdraw money from octafx
- How do you withdraw money from account?
- Trading platforms
- Scores & availability of different platforms
- Web trading platform
- Desktop platform
- Look and feel
- Automated trading
- Mobile trading platform
- Customer service
- Education
- Research
- Conclusion
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