Pctafx
Octa markets cyprus ltd offers spot forex and contracts for differences (cfds) on assets including equity indices, spot metals and commodities.
Best forex bonuses
Octa markets cyprus ltd offers easy-to-use platforms such as metatrader 5 and ctrader. Metatrader 5 and ctrader trading platforms are carefully designed to meet your trading needs.
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.
Octafx review
Octafx is a forex broker. Octa FX offers the MT4, MT5 and ctrader forex trading top platform. Octafx.Com offers over 25 forex currency pairs, cfds, commodities, stocks, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.
Broker details
deposit methods: | VISA, awepay, bitcoin, fasapay, local bank deposits, local bank transfers, neteller, paytm, skrill, unionpay |
withdrawal methods: | VISA, awepay, bitcoin, fasapay, local bank transfers, neteller, paytm, skrill, unionpay |
Live discussion
Join live discussion of octafx.Com on our forum
Octafx.Com profile provided by john, may 29, 2012
Octa markets incorporated is a worldwide recognized forex broker. Octafx provides forex brokerage services to its clients in over 100 countries of the world. Octafx uses the most up-to-date technology and knowledge to make your forex trading experience outstandingly convenient. Our top goal is the trust and satisfaction of each client's need and requirements. Octafx sets the highest service level standards and maintains them as well as constantly develops new services and promotions.
Video
Let other traders know if this service is worth checking or should be avoided.
Traders reviews
Length of use: over 1 year
Thank you for taking the time to reach out and share your experience with us. We deeply regret that you experienced trouble depositing your funds. After looking into your review, we can confirm that an error had occurred before your payment was processed. Our financial department is currently investigating it, and we'll make sure to keep you updated throughout the process.
Please note that there are many reasons why a transaction could fail. And in cases where your payment was unsuccessful, it’s essential to contact us as soon as possible, as it might require a thorough investigation by our financial department. We want to assure you that you shouldn’t be discouraged, as we’re certain that our team will be able to locate the payment and resolve the issue you’ve experienced.
We appreciate your patience and please, remember that you can get in touch with us anytime to receive an update on the progress. We’re always happy to help our customers and provide them with the necessary information.
We hope that this issue will not affect your overall experience and you’ll enjoy trading with us once again.
DISCLAIMER: this review is not to state that octafx is the best broker in the world. I've traded with a lot of brokers and never had problems with any of them, with respect to deposit and withdrawals.
Herein are the list of transactions that I did on my account with octafx. It has the ID, time the request was created, and the time it was processed.
DEPOSIT
deposit ID 4703156
created dec 27, 2020 03:23 PM
processed on dec 27, 2020 03:50 PM
WITHDRAWALS
withdrawal ID 1930065
created dec 30, 2020 11:51 AM
processed on dec 30, 2020 12:17 PM
Withdrawal ID 1927033
created dec 29, 2020 08:00 PM
processed on dec 29, 2020 09:42 PM
Withdrawal ID 1920756
created dec 28, 2020 05:53 PM
processed on dec 28, 2020 09:43 PM
Withdrawal ID 1919630
created dec 28, 2020 03:09 PM
processed on dec 28, 2020 03:24 PM
SUMMARY:
I made the deposit to their GTB nigeria account, and made withdrawals to my GTB account. This might be the reason why I never had issues with them.
I'll advise traders to ask them [octafx] questions when they have issues, and be ready to hear and understand.
Thank you for such great feedback. We appreciate you taking the time to share it with our community and giving us one more reason to be proud of the work we’re doing with our team. We’re sure they will be excited to read your review, too, as they do their best to ensure fast and secure payment services.
Please send us a direct message if you have other questions or suggestions. Our team is always here to help, and we'll be more than happy to chat whenever you have time for us.
Deposit take less than 1sec
withdrawal take forever.
If you guys want to withdraw the money. Please do 1 year in advance
Thank you for reaching out and sharing your feelings with us. We're sorry to read about your dissatisfaction with our processing times. Please let us remind you that all withdrawal requests at octafx are processed within a few business hours. However, when our financial department handles a high number of requests, in rare cases, we ask to allow extra time, but it does not exceed 24 hours overall.
Please note that since you didn't provide your trading account number, we couldn't look into your previous requests. However, we wish to assure you that we always strive to improve our services and reduce the processing time. We also want you to know that if your payment is delayed or you feel like it’s taking longer than it should, you can send us a message in the live chat available on the website. Our team will be more than happy to update you on your request status.
We’re looking to hearing from you, so please don’t hesitate to get in touch with us anytime. Our team is available 24/7, and they're always here to help you whenever you need it.
Thank you for letting us know about the problem. We deeply regret that you were having a hard time trying to deposit, and you couldn't reach out to our support team. Unfortunately, we couldn't identify you on our system and look into your previous inquiries since you didn't provide your account details in your review. If you could contact us directly and share this information with our team, it will help us investigate the issue and understand what happened with your payment.
Please note that generally, it takes a couple of hours for bank transfers to be processed. However, we ask you to allow us extra time when our financial department handles a high number of requests. There could be different causes of why your payment is delayed and not reflected in your account. This requires an investigation, and we strongly encourage you to send us your payment proof if your deposit wasn't credited into your account after 24 hours have passed. These actions could help our team look up your payment and process it.
In the meantime, don’t forget that our team composes of real agents committed to helping you whenever you need it, so please contact us after reading this reply. We’ll make sure to find your payment as soon as possible and keep you updated.
Bank negara malaysia
Length of use: over 1 year
Thank you for reaching out and bringing this question to our attention. Unfortunately, we couldn't identify you on our system and look into your review since you didn't provide any details about your trading account or the bank you were using at the time. We’d really appreciate it if you could get in touch with our team and share the necessary details to help us find out what happened and investigate the matter.
We also want to remind you that our support team is always here to help you. They're available 24/7, and we'll be more than happy to hear from you and assist whenever you need it.
We're looking forward to hearing from you soon.
Length of use: 6-12 months
I have a lot of experience with various brokers, but octafx is the absolut best.
Low spreads.
Great bonus conditions.
Very fast withdrawal without any fees..
Good customer service.
Thank you for sharing such thoughtful feedback about our brokerage. We try really hard to provide the best trading experience for our customers here at octafx. Reading reviews like yours is a great hint that we’re providing our customers with the services that meet their needs, and we truly couldn’t be happier that that’s the case for you. We appreciate you being our client and want to say that you're always welcome on our chat at any time if you have any questions or suggestions.
As we’re already addressed your complaint in the thread you’ve created here on FPA, please allow us to echo what we’ve said here.
Thank you for your patience while we consulted your case with our team. After looking into the matters you brought to our attention, we can see that the cards you used to fund your trading account for the first and second time were different.
Please note that in such cases, our financial department may request verification of the second card to ensure it belongs to you and not to a third party, as all third-party transactions are strictly prohibited here at octafx. Therefore, the procedure is fully in line with our security measures.
We cannot merely block the possibility of conducting further transactions because in cases where funds do belong to a third party, we have to ensure that they’re refunded to the originating account. Therefore, it’s the trading activity that must be restricted to ensure that such money is not used for trading.
Looking into your trading history, we can see that the orders you're referring to were closed 17 hours after you got back access to your account. However, those orders could have been closed before the stop out occurred either in profit or with less loss as the two hours of account locking did not impact them. You decided to trade in the same direction, and it eventually led to the stop out. There were no issues from our side, and your orders were executed as per the market conditions. Unfortunately, there are no grounds for compensation/reimbursement as it was solely your decision to continue trading.
We want to remind you that despite this incident, you're always welcomed to contact us anytime, and we'll be more than happy to hear from you and help with any questions you may have.
I have been trading with this useless trader for 3 months now and im becoming more and more worried about the way this company handles my query or any issues.
1. They say there will be no swaps charged to accounts having funded more than 10k.
But they still keep charging the swaps and later asks me to provide details against the wrongly charged swaps. As in I'm working for octa FX and I will keep all this information ready for them.
2. They don't have a trading practice called partially closing a trade. If you are making losses on the trade you cant close it partially to minimize the loss. Rather it will book the entire loss and again open a new trade of the remaining lot. This is so weird and when I spoke to my account manager he gave fake promises of being working on the resolution.
3. They treat their customer with the least priority and I'm still to get my money reversed from them which now more than 50 days.
Nov 6, 2020 - 1 star octafx is a fraud company.. Beware.. You can lose money even without trading. There is no way you can contact there finance team. It's only the customer support team that never has any clue of what is happening.. In my case, 2 transactions of INR50000 got debited from my account on the 5th october 2020 but did not credit to my trading account. Since then I'm chatting with them every day.. But getting the same response .." madam we have requested for update sorry for the delay".. Every single day they are responding with the same message. After 1 month today on 05th nov, I asked them to arrange a call back from the account manager, when that human called me he was clueless about what is happening on my issue. He said he is following up with the finance team but he was not ready to provide a single email communication regarding the same. Still, no one knows what will happen to my funds. They don't have a call-in number. Only chat support. I have been trading with multiple traders and this is the worst of all. You cant talk to them at all. They don't respond to emails.. I'm very frustrated..
Reply by octafx rep submitted nov 20, 2020 dear shaziya shaikh,
Thank you for taking the time to share your experience with us. We're sorry to read that you had trouble depositing your funds at octafx. We've looked into your review, and as we can see, it is still being investigated by our financial department. We can also see that you've recently mentioned on social media that one of the transactions got back successfully, but there's still one missing. We're extremely sorry that it's taking so long, and we apologize for all the inconvenience you may have faced as a result. Please note that we’re still exchanging with the payment processor and are waiting for updates to provide you with as soon as new information reveals itself.
We wish to assure you that we’re committed to resolving this issue as soon as possible but want to ask you to allow us a bit more time. We understand how uncomfortable you may feel about the matter, and we want to tell you that we take it very seriously. We'll do everything that it takes to prevent such cases in the future and reduce the processing times. Please bear with us and remember that our customer support is constantly checking your case and they will be more than happy to provide you with the latest details.
We're looking forward to hearing from you soon. And we hope that it won't take much time to receive your funds back.
We deeply regret to read about your dissatisfaction with our services. We'll be more than happy to receive feedback from you about what could be improved, considering that the issue with swaps has been resolved and you were compensated.
As for the partial order closure, we're aware of the issue. However, it's not something we could influence and fix immediately as it would require an extensive amount of time and effort once such feedback is passed to the relevant department. However, we want to ensure you that we take your suggestions and recommendations very seriously, and we'll make sure they're all addressed and considered by our team.
We would also appreciate it if you could share what could be improved regarding our customer support services to meet your standards. It's one of our top priorities to ensure that we provide the most convenient trading experience to our customers and everything is done to your satisfaction.
Please send us a message anytime soon. Our team is always here for you, and we'll be happy to hear from you whenever you have any questions.
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.
Octafx review
Octafx is a forex broker. Octa FX offers the MT4, MT5 and ctrader forex trading top platform. Octafx.Com offers over 25 forex currency pairs, cfds, commodities, stocks, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.
Broker details
deposit methods: | VISA, awepay, bitcoin, fasapay, local bank deposits, local bank transfers, neteller, paytm, skrill, unionpay |
withdrawal methods: | VISA, awepay, bitcoin, fasapay, local bank transfers, neteller, paytm, skrill, unionpay |
Live discussion
Join live discussion of octafx.Com on our forum
Octafx.Com profile provided by john, may 29, 2012
Octa markets incorporated is a worldwide recognized forex broker. Octafx provides forex brokerage services to its clients in over 100 countries of the world. Octafx uses the most up-to-date technology and knowledge to make your forex trading experience outstandingly convenient. Our top goal is the trust and satisfaction of each client's need and requirements. Octafx sets the highest service level standards and maintains them as well as constantly develops new services and promotions.
Video
Let other traders know if this service is worth checking or should be avoided.
Traders reviews
Length of use: over 1 year
Thank you for taking the time to reach out and share your experience with us. We deeply regret that you experienced trouble depositing your funds. After looking into your review, we can confirm that an error had occurred before your payment was processed. Our financial department is currently investigating it, and we'll make sure to keep you updated throughout the process.
Please note that there are many reasons why a transaction could fail. And in cases where your payment was unsuccessful, it’s essential to contact us as soon as possible, as it might require a thorough investigation by our financial department. We want to assure you that you shouldn’t be discouraged, as we’re certain that our team will be able to locate the payment and resolve the issue you’ve experienced.
We appreciate your patience and please, remember that you can get in touch with us anytime to receive an update on the progress. We’re always happy to help our customers and provide them with the necessary information.
We hope that this issue will not affect your overall experience and you’ll enjoy trading with us once again.
DISCLAIMER: this review is not to state that octafx is the best broker in the world. I've traded with a lot of brokers and never had problems with any of them, with respect to deposit and withdrawals.
Herein are the list of transactions that I did on my account with octafx. It has the ID, time the request was created, and the time it was processed.
DEPOSIT
deposit ID 4703156
created dec 27, 2020 03:23 PM
processed on dec 27, 2020 03:50 PM
WITHDRAWALS
withdrawal ID 1930065
created dec 30, 2020 11:51 AM
processed on dec 30, 2020 12:17 PM
Withdrawal ID 1927033
created dec 29, 2020 08:00 PM
processed on dec 29, 2020 09:42 PM
Withdrawal ID 1920756
created dec 28, 2020 05:53 PM
processed on dec 28, 2020 09:43 PM
Withdrawal ID 1919630
created dec 28, 2020 03:09 PM
processed on dec 28, 2020 03:24 PM
SUMMARY:
I made the deposit to their GTB nigeria account, and made withdrawals to my GTB account. This might be the reason why I never had issues with them.
I'll advise traders to ask them [octafx] questions when they have issues, and be ready to hear and understand.
Thank you for such great feedback. We appreciate you taking the time to share it with our community and giving us one more reason to be proud of the work we’re doing with our team. We’re sure they will be excited to read your review, too, as they do their best to ensure fast and secure payment services.
Please send us a direct message if you have other questions or suggestions. Our team is always here to help, and we'll be more than happy to chat whenever you have time for us.
Deposit take less than 1sec
withdrawal take forever.
If you guys want to withdraw the money. Please do 1 year in advance
Thank you for reaching out and sharing your feelings with us. We're sorry to read about your dissatisfaction with our processing times. Please let us remind you that all withdrawal requests at octafx are processed within a few business hours. However, when our financial department handles a high number of requests, in rare cases, we ask to allow extra time, but it does not exceed 24 hours overall.
Please note that since you didn't provide your trading account number, we couldn't look into your previous requests. However, we wish to assure you that we always strive to improve our services and reduce the processing time. We also want you to know that if your payment is delayed or you feel like it’s taking longer than it should, you can send us a message in the live chat available on the website. Our team will be more than happy to update you on your request status.
We’re looking to hearing from you, so please don’t hesitate to get in touch with us anytime. Our team is available 24/7, and they're always here to help you whenever you need it.
Thank you for letting us know about the problem. We deeply regret that you were having a hard time trying to deposit, and you couldn't reach out to our support team. Unfortunately, we couldn't identify you on our system and look into your previous inquiries since you didn't provide your account details in your review. If you could contact us directly and share this information with our team, it will help us investigate the issue and understand what happened with your payment.
Please note that generally, it takes a couple of hours for bank transfers to be processed. However, we ask you to allow us extra time when our financial department handles a high number of requests. There could be different causes of why your payment is delayed and not reflected in your account. This requires an investigation, and we strongly encourage you to send us your payment proof if your deposit wasn't credited into your account after 24 hours have passed. These actions could help our team look up your payment and process it.
In the meantime, don’t forget that our team composes of real agents committed to helping you whenever you need it, so please contact us after reading this reply. We’ll make sure to find your payment as soon as possible and keep you updated.
Bank negara malaysia
Length of use: over 1 year
Thank you for reaching out and bringing this question to our attention. Unfortunately, we couldn't identify you on our system and look into your review since you didn't provide any details about your trading account or the bank you were using at the time. We’d really appreciate it if you could get in touch with our team and share the necessary details to help us find out what happened and investigate the matter.
We also want to remind you that our support team is always here to help you. They're available 24/7, and we'll be more than happy to hear from you and assist whenever you need it.
We're looking forward to hearing from you soon.
Length of use: 6-12 months
I have a lot of experience with various brokers, but octafx is the absolut best.
Low spreads.
Great bonus conditions.
Very fast withdrawal without any fees..
Good customer service.
Thank you for sharing such thoughtful feedback about our brokerage. We try really hard to provide the best trading experience for our customers here at octafx. Reading reviews like yours is a great hint that we’re providing our customers with the services that meet their needs, and we truly couldn’t be happier that that’s the case for you. We appreciate you being our client and want to say that you're always welcome on our chat at any time if you have any questions or suggestions.
As we’re already addressed your complaint in the thread you’ve created here on FPA, please allow us to echo what we’ve said here.
Thank you for your patience while we consulted your case with our team. After looking into the matters you brought to our attention, we can see that the cards you used to fund your trading account for the first and second time were different.
Please note that in such cases, our financial department may request verification of the second card to ensure it belongs to you and not to a third party, as all third-party transactions are strictly prohibited here at octafx. Therefore, the procedure is fully in line with our security measures.
We cannot merely block the possibility of conducting further transactions because in cases where funds do belong to a third party, we have to ensure that they’re refunded to the originating account. Therefore, it’s the trading activity that must be restricted to ensure that such money is not used for trading.
Looking into your trading history, we can see that the orders you're referring to were closed 17 hours after you got back access to your account. However, those orders could have been closed before the stop out occurred either in profit or with less loss as the two hours of account locking did not impact them. You decided to trade in the same direction, and it eventually led to the stop out. There were no issues from our side, and your orders were executed as per the market conditions. Unfortunately, there are no grounds for compensation/reimbursement as it was solely your decision to continue trading.
We want to remind you that despite this incident, you're always welcomed to contact us anytime, and we'll be more than happy to hear from you and help with any questions you may have.
I have been trading with this useless trader for 3 months now and im becoming more and more worried about the way this company handles my query or any issues.
1. They say there will be no swaps charged to accounts having funded more than 10k.
But they still keep charging the swaps and later asks me to provide details against the wrongly charged swaps. As in I'm working for octa FX and I will keep all this information ready for them.
2. They don't have a trading practice called partially closing a trade. If you are making losses on the trade you cant close it partially to minimize the loss. Rather it will book the entire loss and again open a new trade of the remaining lot. This is so weird and when I spoke to my account manager he gave fake promises of being working on the resolution.
3. They treat their customer with the least priority and I'm still to get my money reversed from them which now more than 50 days.
Nov 6, 2020 - 1 star octafx is a fraud company.. Beware.. You can lose money even without trading. There is no way you can contact there finance team. It's only the customer support team that never has any clue of what is happening.. In my case, 2 transactions of INR50000 got debited from my account on the 5th october 2020 but did not credit to my trading account. Since then I'm chatting with them every day.. But getting the same response .." madam we have requested for update sorry for the delay".. Every single day they are responding with the same message. After 1 month today on 05th nov, I asked them to arrange a call back from the account manager, when that human called me he was clueless about what is happening on my issue. He said he is following up with the finance team but he was not ready to provide a single email communication regarding the same. Still, no one knows what will happen to my funds. They don't have a call-in number. Only chat support. I have been trading with multiple traders and this is the worst of all. You cant talk to them at all. They don't respond to emails.. I'm very frustrated..
Reply by octafx rep submitted nov 20, 2020 dear shaziya shaikh,
Thank you for taking the time to share your experience with us. We're sorry to read that you had trouble depositing your funds at octafx. We've looked into your review, and as we can see, it is still being investigated by our financial department. We can also see that you've recently mentioned on social media that one of the transactions got back successfully, but there's still one missing. We're extremely sorry that it's taking so long, and we apologize for all the inconvenience you may have faced as a result. Please note that we’re still exchanging with the payment processor and are waiting for updates to provide you with as soon as new information reveals itself.
We wish to assure you that we’re committed to resolving this issue as soon as possible but want to ask you to allow us a bit more time. We understand how uncomfortable you may feel about the matter, and we want to tell you that we take it very seriously. We'll do everything that it takes to prevent such cases in the future and reduce the processing times. Please bear with us and remember that our customer support is constantly checking your case and they will be more than happy to provide you with the latest details.
We're looking forward to hearing from you soon. And we hope that it won't take much time to receive your funds back.
We deeply regret to read about your dissatisfaction with our services. We'll be more than happy to receive feedback from you about what could be improved, considering that the issue with swaps has been resolved and you were compensated.
As for the partial order closure, we're aware of the issue. However, it's not something we could influence and fix immediately as it would require an extensive amount of time and effort once such feedback is passed to the relevant department. However, we want to ensure you that we take your suggestions and recommendations very seriously, and we'll make sure they're all addressed and considered by our team.
We would also appreciate it if you could share what could be improved regarding our customer support services to meet your standards. It's one of our top priorities to ensure that we provide the most convenient trading experience to our customers and everything is done to your satisfaction.
Please send us a message anytime soon. Our team is always here for you, and we'll be happy to hear from you whenever you have any questions.
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Octafx — forex broker rating, reviews 2021
Octa markets incorporated is a worldwide recognized forex broker. Octafx provides forex brokerage services to its clients in over 100 countries of the world. Octafx uses the most up-to-date technology and knowledge to make your forex trading experience outstandingly convenient. Our top goal is the trust and satisfaction of each client's need and requirements. Octafx sets the highest service level standards and maintains them as well as constantly develops new services and promotions.
Octa markets incorporated was registered in 2011 in saint vincent and the grenadines under the license number 19776 IBC 2011. Company's legal and correspondence address is cedar hill crest, P.O. Box 1825, villa, st. Vincent and the grenadines. Octafx activity is supervised and regulated by the authorities of saint vincent and the grenadines under the international business companies (amendment and consolidation) act, chapter 149 of the revised laws of saint vincent and the grenadines, 2009, section 5(1). Octafx acts in full compliance with international legislation and regulation standards. We strongly believe that honesty is the best policy. You can review the customer documents as well as AML policy and other important legal documents in legal agreements section of www.Octafx.Com.
Octafx has developed a variety of options to make your forex trading even more convenient. We offer real ECN accounts as well as micro accounts. The lowest spreads, real market execution, true ECN offset are among the top advantages of octafx. Octafx forex broker offers legal forex trading in malaysia, indonesia, spain, china and many other countries. Octafx forex company is one of the few FCA UK regulated forex brokers which makes octa markets incorporated a reliable company to trade with. Besides octafx is one of the few forex brokers offering really low spreads. Besides the broker offers forex education to its customers.
Octafx offers trading at both real and demo accounts on a variety of trading platforms including mt4 platform and ctrader. Besides the company is one of the real ecn forex brokers operating currently on the market of currency trading.
Octafx is indeed a client-oriented company. This said, we are working hard to further improve our services. Stability, perfection and attention to details is what makes octafx different from our competitors. Our highly educated and well-trained customer care department works 24/5 to answer your inquiries and help you. We are always open to suggestions and feedback. All these facts let octafx broker be always one of the leaders in various forex broker ratings and charts. And doubtless this makes octafx stand apart from scam forex companies operating on the financial markets.
On the company’s profile page at our site you can read octafx reviews by other traders as well as write your personal octafx review of your personal experience with the broker. To add a forex review you need to login to the site. The gold stars signify reviews ratings according to their usefulness as considered by other visitors of the site.
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.
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Contents of the article
- Best forex bonuses
- Trade with a regulated broker that adheres to...
- Explore our platforms
- Mobile and desktop trading on demo accounts
- Octafx review
- Broker details
- Live discussion
- Octafx.Com profile provided by john, may 29, 2012
- Video
- Traders reviews
- Bank negara malaysia
- Trade with a regulated broker that adheres to...
- Explore our platforms
- Mobile and desktop trading on demo accounts
- Octafx review
- Broker details
- Live discussion
- Octafx.Com profile provided by john, may 29, 2012
- Video
- Traders reviews
- Bank negara malaysia
- Improve your trading experience with ctrader ID
- Log in
- Credentials management
- Notifications
- Active sessions
- Chartshots
- Open API
- Integrations
- Community
- Cloud workspaces
- Benefits of having ctrader ID
- All in one place.
- Access to multi‐platform social trading.
- Easy to promote yourtrading strategy.
- Membership in ctraderdevelopers community.
- Ctrader desktop
- Ctrader web
- Ctrader android
- Ctrader ios
- Octafx — forex broker rating, reviews 2021
- 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 indonesia
- Broker forex ECN terbaik
- Faktor yang mempengaruhi pasar forex
- Jenis transaksi forex
- Kontes demo octafx & myfxbook berhadiah $5000
- Octafx resmi menjadi sponsor PERSIB bandung
- Pengertian forex trading
- Improve your trading experience with ctrader ID
- Log in
- Credentials management
- Notifications
- Active sessions
- Chartshots
- Open API
- Integrations
- Community
- Cloud workspaces
- Benefits of having ctrader ID
- All in one place.
- Access to multi‐platform social trading.
- Easy to promote yourtrading strategy.
- Membership in ctraderdevelopers community.
- Ctrader desktop
- Ctrader web
- Ctrader android
- Ctrader ios
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