OCTAFX Review 2018

OPEN ACCOUNTYour capital is at risk


OctaFX Review

OctaFX is a leading online Forex and CFDs broker that was established in 2011. The brand is owned and managed by Octa Markets Incorporated, a company registered on the islands of Saint Vincent and the Grenadines. Their registered office is located at Cedar Hill Crest, P.O. Box 1825, Villa, St. Vincent and the Grenadines. Using the latest technology, OctaFX is able to provide quality brokerage services to clients in more than 100 different countries around the world. Operating with full compliance of international regulatory standards and legislation, OctaFX aims to gain the satisfaction and trust of every client that they serve by fulfilling all their trading needs and requirements.

OctaFX Video Review

OctaFX Reliability

Being a broker that made its appearance in just 2011, it is only natural to ask questions regarding the reliability of this broker. Nevertheless from our research conducted into OctaFX, we noted that they are regulated by several licensed regulators. This includes OctaFx’s first and foremost license to operate in the UK by the British Financial Conduct Authority (FCA) which is a major regulator and regarded as the gold standard of regulation on this side of the Atlantic.

The secondary license is the authorization to offer trading services, given under the International Business Companies Act by the Saint Vincent and the Grenadines regulatory authorities. In addition to these licenses, the broker is also regulated and licensed by the Caribbean Financial Services Authority (FSA).

OctaFX Awards

To bear testimony of the reliability of OctaFX, the broker has been awarded several awards in recognition of their achievements by Global Banking & Finance review. In 2012 just a year after they started operation, they were named the Fastest Growing Micro Forex Broker. OctaFX was also tagged as the Best Customer Service Broker Asia in 2013. In the same year, they also recognized by World Finance Magazines as the Best Broker Central Asia and the Best Broker Central & Eastern Europe. FX Empire also tagged OctaFX as the Best Customer Service Broker. In 2015, OctaFX was nominated by the Forex Report for the brokers “Outstanding Contribution to the FX Industry” and as well as being the Best STP Broker for 2015. In 2016 OctaFX have again reached new peaks as the “Best Broker STP”, “Most Transparent Broker” and other nominations and awards. With so many distinguished awards under its belt, OctaFX has definitely proven its reliability as an online broker to the industry.

OctaFX Trading Platforms

OctaFX has provided their clients with a selection of reliable and sturdy trading platforms to choose from. They consist of the MetaTrader 4 platform, the MetaTrader 5 platform and the CTrader platform.

MetaTrader 4

The most popular trading platform in the online trading industry, the MetaTrader 4 comes fully equipped with a comprehensive charting package and a wide range of technical indicators. It also supports automated trading with the use of Expert Advisors (EAs). It is available in 4 different versions:

  • MetaTrader 4 Desktop
  • MetaTrader 4 WebTrader
  • MetaTrader 4 Android
  • MetaTrader 4 iOS

MetaTrader 5

Added as an alternative to the MetaTrader 4 trading platform in 2016, the MetaTrader 5 is the latest trading platform from MetaQuotes Software. It offers the same kind of robustness as the MetaTrader 4 and supports several types of trade orders such as market orders, pending order, trailing stops and stop orders.


Recently introduced to the world of online trading, cTrader is an ECN trading platform which allows traders to have direct market access. It offers traders deep liquidity and hence allows them to capture the best spreads in the market. The cTrader trading platform is also available in 4 different versions:

  • cTrader Desktop
  • cTrader WebTrader
  • cTrader Android
  • cTrader iOS


OctaFX Account Types

To cater to a diverse group of clients from more than 100 different countries, OctaFX offers 3 different types of trading accounts:


  • Micro Accounts

$100 Minimum Initial Deposit

28 currency pairs + 2 precious metals

MetaTrader 4 platform

Recommended for novices

Up to 1:500 Leverage Ratio

  • Pro Accounts

$500 Minimum Initial Deposit

MetaTrader 5 trading platform

Recommended for experienced traders

Up to 1:200 Leverage Ratio

  • Lot Minimum Trading Volume

Under 0.1 second Market Execution

28 currency pairs + 4 metals, 2 energies and 10 Indices

5 decimal quotes

  • ECN Accounts

$100 Minimum Initial Deposit

35 Currency pairs + 2 precious metals

Floating Spreads

Up to 1:500 Leverage Ratio

OctaFX Commissions & Spreads

OctaFX offers ultra tight spreads. The quotes at OctaFX are quoted at up to 5 decimal places and start from as low as zero pips for their ECN accounts. There are no commission charges applicable for trades conducted through OctaFX. Keep in mind that spreads are subjected to changes.


Spreads (in pips)

EUR/USD Minimum 0.4 pips
GBP/USD Minimum 0.5 pips
AUD/USD Minimum 0.6 pips
USD/CHF Minimum 0.4 pips
EUR/JPY Minimum 0.6 pips
GBP/JPY Minimum 0.7 pips
NZD/USD Minimum 0.6 pips
EUR/CHF Minimum 0.6 pips
USD/CAD Minimum 0.6 pips
GBP/CHF Minimum 0.7 pips


OctaFX Deposits & Withdrawals Options

To facilitate the deposit and withdrawal of funds, OctaFX supports several methods of fund transfers.

For deposits, available methods include:

  • Major Credit Cards such as VISA and MasterCard. The minimum amount for deposits conducted through credit cards is $5.
  • Bank Wire Transfer
  • Minimum required deposit through NETELLER is $50.
  • Instant Deposit with a minimum deposit amount of $50.
  • Liberty Reserve


For traders in Malaysia and Indonesia, local deposits are also available.


The withdrawals of funds are typically channeled through the same methods by which the deposit was first made. All withdrawal requests made from Monday-Friday 06:00-15:00 (EET) are processed within 3 hours. Withdrawal requests made after the stipulated time window are processed by the next business day. To make it easy for traders to withdraw their money, OctaFX only imposes a low minimum withdrawal amount of $5. OctaFX also doesn’t charge any fee for withdrawals made although the trader can still be liable for processing fees imposed by a 3rd party payment processor.

OctaFX Bonus & Promotions

To reward their clients’ loyalty, OctaFX offers very generous bonuses and promotional programmes.

  • Deposit Bonuses

Both MetaTrader based accounts and the cTrader accounts qualify for deposit bonuses in the percentage of 10%, 30% and 50%. The bonuses are only awarded after the trading account has been verified and the minimum deposit made. One good thing about OctaFX having different percentages of deposit bonus is that the trader has the discretion to select which percentage that he/she wants to claim.

Nevertheless, the requirements for OctaFX’s deposit bonuses are quite flexible and generous. The trader is entitled to claim a deposit bonus each time he makes a deposit. Even if the trader claims a second deposit bonus before he fulfills his first bonus trading volume requirements, it will not affect his first bonus trading volume calculation. Trading volume requirement calculation runs consecutively meaning that the calculation for the second bonus only starts after the first bonus is cleared. The best part about meeting the trading volume requirement is the fact that there is no expiry on the bonus. This means you can take as long as necessary to complete the trading volume requirement.

  • Demo Champion Competition

Every month, OctaFX conducts a Demo Champion competition which any of OctaFX’s traders can join. Prizes offered are as follows:

  • 1st prize gets $500
  • 2nd prize gets $300
  • 3rd prize gets $100
  • Last place $100

*Prizes may vary according to OctaFX.

Each round of the competition last for 4 weeks and even the trader that comes in last place get a prize of $100.



  • CTrader Weekly Champion

The cTrader Weekly trading competition is another promotion conducted by OctaFX on a regular basis. The prizes are as follows:

  • 1st place winner $150
  • 2nd place winner $100
  • 3rd place winner $75
  • 4th place winner $50
  • 5th place winner $25

*Prizes may vary according to OctaFX.

The winners of the competition will have their prizes credited to their trading account and can be withdrawn anytime without any restrictions.


OctaFX Customer Support

Customer support at OctaFX is available 24/5 from Monday to Friday. Traders can contact the support team through email, live chat, or calling the provided support telephone numbers. In addition, OctaFX also interacts with their traders through social media ensuring that their traders are kept up to date with any developments affecting their trading activities. In addition for the benefits of non English speaking traders, OctaFX’s website supports several different languages.

OctaFX Pros & Cons


  • Regulated and reliable broker
  • Award Winning Broker
  • Choices of Trading Accounts
  • Competitive Spreads
  • Flexible Deposit Bonuses Requirements
  • Multiple Trading Platforms
  • Regular Trading Competitions
  • Available to traders based in China


  • Limited Localized Telephone Support Numbers
  • Their FAQ could be more detailed
  • Support services are only available during weekdays

OctaFX Q&A

  • Is OctaFX regulated?

Yes, OctaFX is a regulated broker in 3 different jurisdictions. For Europe, OctaFX is regulated by the UK’s FCA. On Saint Vincent and the Grenadines, they are regulated under the International Business Companies Act. For the Caribbean region, regulatory oversight is provided by the Caribbean’s Financial Services Authority (FSA).

  • How safe is OctaFX – Is OctaFX a scam?

OctaFX has proven itself as a reliable broker in the industry. They operate in compliance with international laws and standards. This is emphasized by the fact that Octa have chosen to become regulated in three major jurisdictions. Perhaps the most important of these is the FCA which provides OctaFX with the ability to offer regulated trading to investors not only in the UK but across the whole of the Eurozone.

  • Where is OctaFX based?

OctaFX is based on the islands of Saint Vincent and the Grenadines. In additional, the company has branches around the globe in order to assist clients in their local area.

  • How does OctaFX make money?

OctaFx makes money through the difference in the buy and sell price, also known as the spread. On the ECN account it makes money through the difference in the price received from the liquidity providers to the prices it charges its traders.

  • How to deposit in OctaFX account?

There are 3 main ways of depositing money at OctaFX: by credit cards, by bank wire transfer and through online web wallets. Please note that you will need to open an account before you deposit, this also means verifying your user identity.

  • How to withdraw money from OctaFX?

Withdrawal at OctaFX is done through the same manner as deposits(credit cards, bank wire transfer and online web wallets), meaning how you deposited is how you will withdrawal.

  • How to open an account with OctaFX?

Account opening requires filling out the registration form, verifying your identity and making a deposit of trading funds. OctaFX will show you how to verify your identity, it is quite simple and works the same with all regulated brokers in order to follow KYC protocol (Know your Customer).

  • Is OctaFX reliable?

Yes, OctaFX is regulated and has won numerous awards in recognition of the quality services that it provides traders with. To learn more about the OctaFX regulation please read the regulation section of the review or read the is OctaFX regulated question in the FAQ’s above.

  • Does OctaFX use Metatrader?

Yes. OctaFX supports both award winning trading platforms – MetaTrader 4 and MetaTrader 5.

  • What is OctaFX’s leverage?

The leverage offered by OctaFX can go as high as 1:500. Please note that increased leverage means potential risk as well as higher reward, so if you are a new trader you may stick to the minimum or no leverage to avoid getting into a negative balance.


OctaFX provide an impressive services to offer their traders. We noted that this broker is particularly friendly for beginner traders. The low minimum deposit requirement of $100 ensures that anyone can open a live trading account at OctaFX. In addition, their bonuses and competition offers are worth mentioning as well. The bonuses have no expiry period hence giving traders a free hand in deciding how fast they want to fulfill the minimum trading volume for the bonus cash payout. Apart from the attractive cash prizes given out to winners of the trading competitions, the regularity of these competitions enables traders to use them to enhance their trading skills at no risk to their account balance. OctaFX have also taken considerable effort to make it easy to request assistance by providing multiple channels of communication. The fact that their website is available in various languages is an added plus for non-English traders wishing to sign up with OctaFX.


Company Information

Broker DetailsInfo
Regulated byFCA, FSA
Headquarters CountrySaint Vincent and the Grenadines
Foundation Year2011
Publicly TradedNo
Number Of Employees150

Deposit Options

Credit Card, Local Deposit, Moneybookers, Neteller, Skrill, Wire Transfer

Withdrawal Options

Moneybookers, Neteller, Skrill, Wire Transfer

Contact Information

Trading Account Options

Account TypeInfo
Min. Deposit$50
Max. Leverage1:500
Mini AccountYes
Demo AccountYes
Premium AccountYes
Segregated AccountNo
Islamic AccountYes
Managed AccountNo

OCTAFX Trading Features

Suitable For

Trader LevelYes/No
Day TradingYes
Weekly TradingYes
Swing TradingYes
Social TradingYes

Customer Service

24 Hours SupportYes
Support During WeekendsNo

Customer Support Languages

Chinese, English, Indonesian, Spanish

Trading Services

Supported Trading PlatformscTrader, MT4, MT5
Educational ServiceYes
Email AlertsYes
Guaranteed Stop LossYes
Guaranteed Limit OrdersYes
Guaranteed Fills/LiquidityYes
Trailing SP/TPYes
Automated TradingYes

Supported Instruments

Instrument TypeYes/No


octafx-awards-2015 octa fx-awards-2014 octafx -awards

OCTAFXBonus & Promotions

Bonus infoOfficial Site
50% Bonus on Each Deposit
Open a position of higher volume - Get your bonus instantly after trading the required volume - Withdraw your bonus funds with your preferred
Claim Now
Your capital is at risk

OCTAFXUser Reviews

Rate this broker
  • 4.0
    I like this thing
    Weekly and Monthly Trading Competitions
  • 5.0
    Low Spreads
    They do have low spreads
  • 5.0
    My experience with OctaFX

    I am testing OctaFX now as for me their advantage is a good withdrawal process and speed of their services on the whole, better then I expected. Firstly, I found about them not very positive feedback and their promotion thing rouse some doubts, but finally I decided to try (all brokers have bad reviews) by getting some recommendation and actually haven't found some scam things. I suppose that this broker will suite someone with particular requirements (leverage, deposit) cause it is not the top one, but to the level it presents it is rather optimal. Moreover, I've recently had some issue with payment but their customers service helped me without any delay and much words. So, the reason for chosing was mostly based on my own preferences and expectations, the right thing while choosing, I suppose, is not to re-rate the broker and to know all of its pros and cons. According to my practice and feedback there is no a broker who could provide you a 100% reliability in any case.

  • 4.0
    Demo account on both platforms

    Wanted to compare the MT4 with cTrader so I opened a demo account on both platforms. I decided I much prefer cTrader.

    Chiaffredo Iadanza
  • 4.0
    Trade with just $5

    As a new trader this is great, trading with $5 enables me to practice trading without risking capital.

    Celestyn Wiśniewski
Read More OCTAFX User Reviews

Latest Tweets by @OctaFX

Open Account at OCTAFXYour capital is at risk


SymbolLast PriceChange
Crude Oil
S&P 500
DAX 30
Live Quotes

Top Promotions

Top Brokers

Don't miss a thing!

Discover what's moving the markets sign up for a daily update delivered to your inbox