It is a smart trading platform combining everything a trader needs in an easy-to-use app. You can make fast deposits and withdrawals, instantly log in to your trading profile and access your terminal to trade simultaneously in all of your accounts. As well as controlling your trading accounts and monitoring balance statistics, they’ve added integrations with trading platforms, axitrader review so you can start trading with no effort at all. Simply choose an account, choose the trading application and access it via OctaFX Trading App Accounts. This lightning-fast application with an attractive and easy-to-use design will make everything straightforward from the first tap. The core mission of OctaFX is to ensure clients get a genuine and profitable experience.
The demo contest runs for 4 weeks and the participant with the largest demo account balance at the end of the period will win 500 USD, with smaller prizes for the rest of the top five. The main benefit of using third-party platforms such as MT4 and MT5 is that traders can keep their own customised versions of the platforms should they choose to migrate to another broker. Both MT4 and MT5 are available for Windows, Android, iOS, and web browser. While you can’t trade with the OctaFX Trading App – you will need to have the MT4 or MT5 app installed for that – it is a functional trading management app with a slick and easy-to-use layout.
Next, new traders are directed to fill in their personal details . New traders will have to click on the “Open Account” button at the top of the page where they will be directed to register an account. Trading costs at other brokers tend to be 9 USD per lot of EUR/USD, making OctaFX one of the lowest-cost brokers in the industry. FXScouts has been the UK’s most trusted Forex broker review site since 2019.
The firm has expanded its reach successfully with its combination of low fees, responsive customer support, and advanced technology. Today, the firm serves customers across 100 countries, and has opened up around 300,000 accounts with an impressive daily volume of $4bn. All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team. Neither our writers nor our editors receive direct compensation of any kind to publish information on tokenist.com. Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website. Click here for a full list of our partners and an in-depth explanation on how we get paid.
Lastly, anyone looking for an automated trading strategy can utilize the cTrader automate to help you develop custom robots. This has an extensive baak-testing capability with its suite of tools. Like the MT4 platform, this platform allows coinbase exchange review you to trade on a computer, and mobile, either on iOS or Android. This initial deposit will also be eligible for an OCtaFX bonus of 50%. If $50 is deposited then you will receive half of the initial deposit as a bonus to your funds.
Just deposit money into your account, pick a successful trader, and start an invention. The current market situation is quickly available in the MetaTrader 4/5 mobile application. The application is of course used for FX trading and it can be said to own a few powerful charting of all mobile applications. Investing here means trading currency, cryptocurrency, any product, stock, and much more. Shares of OctaFX are excluded from the market subject to the terms of the German Stock Exchange and the American Stock Exchange.
responses to OctaFX
Spreads are widest on the MT4 Micro account and there are also fewer instruments to trade through this account. Typically, the spread on a EUR/USD trade might be 1.1 pips, but if the same trade is made through the MT5 Pro account, this might drop to 0.9 pips. An increasingly popular platform on OctaFX, MT5 has been considered by many as a potential replacement for MT4. In addition to the MT4 features, it provides a far more customizable interface, stop limit orders and native economic calendar.
While obviously, OctaFX Cyprus is more trusted the international proposal features more comprehensive tools and conditions along with education and research materials also MT4 availability. We would say from our experience that this broker has its license so you can use deposits or assets in this market. OctaFX has long been involved in investing and it is directly regulated by the government.
A Variety of Trading Account Type
OctaFX trading does not give or receive access to US customers in any way. Now, you must be wondering about “How to withdraw profited money, right? ” The answer is pretty simple, and you’ve to follow the instructions to withdraw/deposit your money. So, these are the spreads that OctaFX Broker is working with, and you can choose the perfect fit for you by selecting the right account.
A representative is available to you 24/7, and they speak your language! When you consider how many countries OctaFX is serving, it becomes even more impressive. Peace of mind may be the most underrated benefit, yet when you need an issue resolved, regardless of the time, OctaFX is there to help swiftly. Whether you live in Indonesia or Pakistan, OctaFX has you covered and provides you with daily expert trading advice along with educational insight in your language.
This account is available on all of their trading accounts that they have listed above. All that you will need to do is to check the “Swap Free” box when you are signing up at the broker. They serves over 1.5 million trading accounts and has executed more than 288.0 million trades. Bonuses fulfill a significant role at OctaFX, which has paid out nearly 3.0 million in incentives.
Octafx Broker Faqs
OctaFX spreads are higher on the MT4 account with only 37 tradable instruments on offer. A typical spread for the EUR/USD currency pair is stated as 1.1 pips, while the MT5 Pro account provides the complete range of tradable products, with slightly lower spreads of 0.9 pips. As OctaFX is regulated by CySec, the firm is authorized to offer its services to customers in EU member states.
Who owns OctaFX?
Georgios D. Pantzis is the CEO / General Manager at OctaFX .
With its advanced order protection, it is possible to cover all negative balance by compensating it back to zero. CTrader can be used both on mobile phones and desktop smoothly. It has a web application as well as a mobile application compatible with both android and iOS.
Forex Trading Accessibility for Everyone
Almost 1.5 million traders around the world have chosen OctaFX as a reliable broker to work with. It is a Straight-through processing broker that provides the traders with platforms like MetaTrader 4, MetaTrader 5, and cTrader. Octa Fx was established in 2011 in St. Vincent and the Grenadines. OctaFX is offering access to CFD trading, ECN trading, commodity trading, and trading with prize-winning Forex trading conditions. They are reliable to use on mobile via their own trading app and Microsoft windows. The online broker deactivates MT5 and MT4 demo accounts if you leave them inactive for 30 days.
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OctaFX offers revenue share, in which copiers pay a fee on profitable trades and fixed revenue per lot only, where a trading fee is applied regardless of the outcome. They can also use the filter to find the most pfizer stock holders suited Master Traders based on the structure of commission. The flexibility of MT4 and MT5 accounts allows traders to choose their deposit amount and leverage, resulting in more realistic demo experience.
With ECN trading the conditions are better than with the MetaTrader accounts. The minimum deposit you can invest is 100$ or 100€ which is guaranteed at a much lower price than other brokers in the market. It is the best of OctaFX to make a conventional offer that you can apply and accept. You can enter the financial market with very little capital (0.01) lot depending on the position. The OctaFX broker offers different offers to the clients according to the package, based on the account type. The forex market is a worldwide trading market that trades currencies.
Regardless of your preferred trading strategy, they have accounts for all styles of trader, with differing levels of investment and experience. To conclude this CommSec review, OctaFX offers the best online forex brokers trading costs on the market. Its protected measures are regulated by the Cyprus Securities and Exchange Commission CySec, and it employs high-grade SSL encryption practices to safeguard users’ funds. With this feature, if the user’s account turns negative, the platform will convert it to a standard amount of zero mechanically. With this in place, the user will not lose out on funds that were invested originally at the start.
But we have a lot of iPhone users on our team, so we were particularly annoyed that the app was only available on Android. Overall, OctaFX has fewer instruments to trade than most other brokers, which may leave some traders dissatisfied. We consider OctaFX to be a high-risk broker because British traders have no recourse in the event of a dispute with the company. Of course, if you receive the credit for offering the best Forex app, you should probably be able to back it up. Having used the app extensively, it is undoubtedly great because it was available in our native language and had a fluid and intuitive user interface!
It is like having the power of your desktop right on your phone. The OctaFX Trading App is available on all Google Android products. A mobile version of the OctaFX desktop trading program is available as the OctaFX Trading App via the Google Play app store, free of charge. In 2019, European CEO Magazine anointed its mobile app for the ‘Best Mobile Trading App’. Also, the Forex broker has a wide choice of banks in all major regions of its presence to make transfers much more convenient.
The cTrader ECN account is not far off but is limited to 28 forex pairs and 2 metals markets but offers a differential by being a commission-based account. OctaFX allows traders to select from a number of platforms for the biggest cross-section of trading preferences and levels. This platform has a very easy to understand setup and offers inbuilt expert advisors as well as customizable indicators. In accordance with international regulation standards, OctaFX uses separate accounts to keep protected customers funds segregated from the companys balance sheets. To begin, the firm has its own proprietary app that allows you to create trading accounts, fund these accounts and modify the leverage as well as other trading parameters. This is quite surprising considering bonuses have been recently made illegal in Europe prompting regulatory bodies including CySec to restrict brokers from offering them.
Is OctaFX Regulated?
With this unique feature of storage away from an investment company, assets allow less access for additional purposes that are detrimental. The mobile trading apps are available for download on iOS and Android from google play. Traders can access all their registered trading accounts in one OctaFX app through their mobile apps. Additionally, they can even download separate apps for MetaTrader 4 , MetaTrader 5 , and cTrader, depending on their trading environment. Deposits with local banks are processed within one or three hours, credit/debit card, bank transfer, Skrill Neteller and e-wallet deposits are instant.
Trading Platforms at OctaFX
To get the most out of this functionality you will probably want to download cTrader to your PC although it can be used in a browser or traded through your mobile phone. Finally, if you would prefer to automate your trading strategy then you can use the cTrader automate which will help you develop custom robots. You have extensive back-testing capability with this suite of programming tools. In the unlikely event that the broker is declared insolvent or bankrupt, clients are protected by Investor Protection and Compensation Schemes.