OCTAFX

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Advantages:

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Disadvantages:

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About company:

OctaFX is a leading online Forex and CFD broker that was established in 2011. The brand is owned and operated by Octa Markets Incorporated. OctaFX has received a number of prestigious awards. After a year of operation, Global Banking & Finance Review marked the company as rapidly growing. In 2103, World Finance Magazines recognized the broker as the best in Central and Eastern Europe. In 2015 and 2016 OctaFX was named the best STP broker.

Safety

OctaFX is regulated by the British Financial Authority (FCA), one of the most stringent in the industry. The company was registered in 2011 in Saint Vincent and the Grenadines (license ｹ 19776 IBC 2011).

To obtain an FCA license, brokerage companies must have a minimum of EUR 730,000 in their accounts and maintain this capital. In addition, customer assets should be held in bank accounts separate from the company's operating funds.

Most importantly, all companies licensed by the FCA are members of the FSCS program, which provides for the return of funds to traders in the event that the broker cannot fulfill its financial obligations. The maximum compensation is £ 50,000 per person.

Trading terminal

OctaFX provided its clients for trading with reliable trading platforms: MetaTrader 4, MetaTrader 5 and CTrader.

MetaTrader 4

The most popular trading platform in the industry. MetaTrader 4 is equipped with charting functions and a wide range of technical indicators. It also supports Expert Advisor Automated Trading (EAS). Available on PC and mobile devices.

MetaTrader 5

Latest development from MetaQuotes Software. The terminal is considered as reliable as MetaTrader 4 and supports several types of trading orders (market orders, pending orders, trailing stops and stop orders).

CTrader

All transactions are carried out using ECN technology, providing traders with direct access to the market. The cTrader trading platform is also accessible from desktop and mobile devices.

Trading conditions

OctaFX offers the following accounts: Micro, Pro, ECN. They can trade currencies, metals, goods.

The minimum initial deposit for Octa FX clients is $ 100. This is not the largest, but also not the smallest amount that brokers offer.

The typical spread is 0.6 pips for the EUR / USD pair, which is a really good deal, while most brokers offer spreads in the 1.0 to 1.5 pip range.

The maximum leverage provided by this broker is up to 1: 500.

OctaFX quotes are quoted up to 5 decimal places.

Ways of payment

OctaFX supports several ways to transfer funds: bank transfer, credit cards, Neteller. You can withdraw money in the same way as the deposit was made.

Customer support

Customer support at OctaFX is available from Monday to Friday 24/5. Traders can contact via email, chat or phone.

Pros:

regulated broker; average spreads; execution of orders using STP / ECN technology; high speed of execution of transactions.

Minuses:

does not offer CFD trading.

FAQ - BROKER QUESTIONS OCTAFX

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Can the broker OCTAFX be considered honest?
Before any trading and choosing a broker, you should always read reviews on our portal, as well as on other resources. Brokers that are honest have a rating above 3.8. There is also always a risk of losing investments when trading CFDs. Be careful and read the risk warning on the broker's website. OCTAFX received a rating of 1 out of 5 on our resource.