Trading Experience
“OctaFX offers a variety of trading accounts, trading tools and trader education that is suited for both beginner and advanced traders.”
From our observations, OctaFX offers a wide range products that are suitable for both beginner and advanced traders. Beginner traders will enjoy the simplicity of the MetaTrader 4 Micro and MetaTrader 5 Pro commission-free trading accounts, whereas advanced Forex traders may enjoy the cTrader ECN account for direct access to the broker’s liquidity provider to trade with no mark-up on spreads.
While some features such as the AutoChartist signal programme requires a higher minimum deposit of $500, traders can get started with low minimum deposit accounts and access some of the world’s best-known trading platforms which are easy to download and install thanks to the broker’s wealth of supportive material.
FAQ
Is OctaFX regulated?
OctaFX.eu is owned by Octa Markets (Cyprus) Ltd who is regulated by the Cyprus Securities and Exchange Commission (CySEC). OctaFX.com is owned by Octa Markets Incorporated which is not regulated by CySEC but has a registered business licence from St. Vincent and the Grenadines.
Where is OctaFX based?
OctaFX’s registered address is Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines.
How does OctaFX make money?
As OctaFX offers a blend of trading accounts, with some offering fixed spreads and some offering a Straight Through Process (STP) / ECN trading environment, the broker makes money through spreads, swaps and commissions on certain trading instruments.
How do I deposit in OctaFX account?
Funds can be deposited commission-free through Neteller, Skrill and Bitcoin with varying minimum deposit amounts (Neteller and Skrill minimum deposit is 50 USD).
What is the min. deposit for OctaFX?
The minimum deposit varies depending on the account being opened. MetaTrader 4 Micro Account = 100 USD, MetaTrader 5 Pro Account = 500 USD and cTrader ECN Account = 100 USD.
How do I withdraw money from OctaFX?
Withdrawals can be made from logging into the OctaFX Personal Area and selecting the Withdraw option. Accounts need to be verified before withdrawals can take place and are subject to varying minimum amounts, albeit commission-free.
What is the max leverage in OctaFX?
The maximum leverage offered by OctaFX is 1:500 and is available on the MT4 Micro Account and cTrader ECN Account.
How do I open an account with OctaFX?
An account can be opened at the click of a button on the OctaFX website, through clicking the ‘Open Account’ tab.
Does OctaFX use MetaTrader?
Yes, OctaFX does offer MetaTrader 4 and MetaTrader 5 for Desktop, Web and Mobile.
Conclusion
“OctaFX provides a unique blend of trading accounts and platforms, with supportive education, that is suitable for both beginner and advanced traders. Users can enjoy a range of asset classes with leverage and spread options, as well as bonus and promotional offers.”
OctaFX offers a wide range of different trading accounts including the MT4 Micro Account, MT5 Pro Account and the cTrader ECN Account. The broker also offers a free demo trading account, access to the OctaFX Copy Trading Programme and wealth of trading research tools and educational materials.
Each of these accounts come with unique benefits and advantages for both beginner and advanced traders, such as commission free trading on the MT4 Micro and MT5 Pro Accounts, and no spread mark-ups on the cTrader ECN account, all with different leverage amounts on different instruments up to 1:500 (with OctaFX.com).
Traders of OctaFX can trade on multiple asset classes including Forex, Indices, Metals, Energies and Cryptocurrencies but the instruments available to trade vary between accounts. Users can trade on the globally recognised trading platforms of MetaTrader 4, MetaTrader 5 and cTrader across Windows Desktop, Web and their Mobile Trading App, as well as enjoy different bonuses and promotional offers (with OctaFX.com)
- A unique blend of different account types offering a variety of commission-free trading, varying leverage amounts, no spread mark-ups and copy trading access.
- Trade on multiple asset classes such as Forex, Metals, Indices and Cryptocurrencies.
- Access globally recognised trading platforms MetaTrader 4, MetaTrader 5 and cTrader on Desktop, Web and on the Mobile Trading App.
- Enjoy bonus and promotional offers for OctaFX.com users, as well as impressive trader research tools and advanced programs such as AutoChartist.
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