OctaFX Video Review
Forex brokers love football clubs – at the time of writing, OctaFX is the sponsor of Southampton Football Club. This ECN/STP broker has got a lot of exciting things going for it. They have successfully won a whole collection of awards. To call this an award winning broker is an understatement. Additionally, they offer unparalleled trading conditions, which include a minimum deposit of just $5, floating spreads from just 0.02 pips and trade execution in under 0.1 seconds. If that wasn’t enough, every time you make a deposit with this broker you will receive a 50% match bonus into your trading account. If you’re looking for a forex broker to trade with, we consider OctaFX who are regulated by the FCA, to be a very good option.
OctaFX offers a choice of two main platforms. These are the industry standard MetaTrader 4 (MT4) and the advanced cTrader.
Highly customizable and stable, the MT4 trading platform is fully equipped with various technical tools designed to make the trader’s job in analyzing the market easier. The MT4 trading platform is also available for mobiles devices like iPhones, Android and Window Powered mobile devices.
All features of the standard version of MT4 trading platform are also available on the mobile version.
The cTrader platform available as a web-based platform in addition to the download option, gives traders direct market access. The interface is user friendly and highly customizable. Looking at the comparison above you can see the difference between both platforms. Both are available to trade through a demo account.
There are three types of trading account provided by OctaFx, MT4 Micro and ECN trading accounts and cTrader ECN.
Micro Trading Accounts:
ECN Trading Accounts:
Commission & Spreads
The spreads that OctaFx charges are floating and they all start from 0.2 pips regardless of the type of trading account.
OctaFx prides itself with a high quality support team that is always within the reach of traders 24/5. To get in touch with the support team, traders can either do it through:
+17844574224 (St. Vincent and the Grenadines)
OctaFX serves clients across 100 countries, however their main client base is across China and South East Asia, so multi-lingual support is available in the following languages:
In terms of reliability, OctaFX have made this one of its priorities. This is easily demonstrated by the fact that this England and Wales company is regulated by the FCA, a very stringent regulator. Some of the measures that they have in place include:
OctaFx keeps its corporate funds separate from the clients’ trading funds. This is in accordance to international regulations and accounting standard.
Personal Data and online financial transactions are protection by encryption with SSL encryption technology.
All trading accounts have to go through a stringent verification process.
All withdrawal requires an email confirmation thus preventing unauthorized withdrawal by a third party.
3D secure technology is used to process all transaction from Visa and MasterCard to ensure the integrity of the transaction.
The backoffice of OctaFx technical environment is monitored 24/7 by a team of security engineers to ensure top level protection.
The advantages of dealing with OctaFx are numerous. They include:
So far, I can’t seem to find anything wrong with this broker.
To conclude, the awards that OctaFX has garnered are well deserved. OctFX is winning hearts and minds of traders across the globe. This company are going from strength to strength through the sheer effort and dedication that they put into providing top notch services to their clients. For those who are in the market for a reliable and efficient forex broker, OctaFx certainly come highly recommended.
|Broker Name||Regulation||Min. Deposit||Leverage||Broker's Promotions|
|1||DMM FX REVIEW||ASiC||$200||600:1||100% + 30% Deposit Bonus,up to $30,500 - EUR/USD 0.7 pips||OPEN ACCOUNT|
|2||AVATRADE REVIEW||ASiC , BVI , Central Bank of Ireland , FSA||100 $/€/£||400:1||Get your 100% bonus with AvaTrade||OPEN ACCOUNT|
|3||PLUS500 REVIEW||ASiC , CySEC , FCA||€100||Shares Up to 1:20 Forex Up to...||Get up to a 30% bonus on first deposit with Plus500! *T&Cs apply, Your...||OPEN ACCOUNT|
|4||FXCM REVIEW||ASiC , BaFin , CFTC , CONSOB , FCA , FCM , NFA , RFED , SFC||$2000||50:1||Learn how to trade Forex!||OPEN ACCOUNT|
|5||OCTAFX REVIEW||FCA||$5||500:1||50% bonus on each deposit||OPEN ACCOUNT|