Point Summary

Headquarters Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines
Found in 2011
Regulation CySEC
Platforms MT4, MT5, cTrader
Instruments 28 currency pairs + gold and silver + 2 energies + 10 indices + 3 cryptocurrencies
Costs Low
Demo Account Available
Minimum deposit $50
Leverage 1:500
Commission on Trades No
Deposit, Withdrawal options Credit Card, Cryptocurrencies, FasaPay, Neteller, ngan-luong, Skrill, Wire Transfer, etc
Education Good
Customer Support 24/5


Introduction

OctaFX Review

OctaFX is one of the most well-known CFDs and Forex brokers in the world so far. Started in 2011, this company has been incorporated in the financial markets of the Grenadine islands and Sy Vincent.

This platform has clients originating from over 100 nations around the world. It is important to note that the UK’s Financial Conduct Authority considers OctaFX as a legitimate and regulated brokerage.

They are well known for being one of the best STP (Straight Trough Processing) ECN brokers on the market. This means that they do not operate a dealing desk and can therefore give you some of the lowest fees.

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.
The services and features offered by OctaFX are designed for both beginner and professional traders, as well as the OctaFX Copy Trading programme and an impressive range of education and trading research tools including AutoChartist.

In this OctaFX review we will take an in-depth look into this broker by delving into their tech, fees, regulation and Withdrawns, etc . We will also give you some top tips in order to make the most of your experience on their platforms.

Pros Cons
  • Regulated and authorized by CySEC
  • Forex and CFDs offered
  • No commission deposits or withdrawal options and on currency exchange
  • Access copy trading, bonus promotions and a wide range of research tools
  • Lowest spread in the industry
  • Negative balance protection
  • Dont pay swaps
  • Fastest excution and no slippage
 
  • Limited range of instruments and markets
  • Limited deposit and withdrawal options
  • Low Crypto coverage
  • No VPS
  • Telephonic support not available 24/7



Awards

A good fit for beginners and seasoned traders alike it has a reputation for being easy to use and reliable. Building off that secure base and providing a range of ‘nice-to-have’ services has led to them picking up a range of awards including: Best ECN Broker 2020 (World Finance), Best Islamic FX Account 2020 (World Finance), Best Forex Broker Asia 2020, best Forex Broker 2019, Best Forex Broker Asia 2018 (Global Banking and Finance) and Best Trading CondiTion (European CEO Magazine) and Best STP Broker (both, FX Report Awards, 2016), etc

OctaFX Review



Is OctaFX safe or a scam?

It has won so many awards shows that the broker is well liked by traders. It is also interesting to note that this broker is of the handful of brokers in the industry that is willing to be transparent with its trading volume data.”

It is regulated and authorized by CySEC, OctaFX also has operating licences with SVG registration.

OctaFX’s subsidiary is one of the most reputable companies which is registered, regulated, and governed by the laws of both Saint-Vincent and the Grenadines.

In accordance with international regulation standards, OctaFX uses separate accounts to keep protected customers funds segregated from the companys balance sheets. This keeps your funds secure and untouched.

OctaFX offers negative balance protection, so whenever your balance becomes negative we automatically adjust it to zero.

In the unlikely event that the broker is declared insolvent or bankrupt, clients are protected by Investor Protection and Compensation Schemes. In addition, OctaFX is constantly overseen by the relevant authority in terms of safety compliance.

The broker’s OctaFX.eu website is an approved domain registered with the Cyprus Securities and Exchange Commission (CySEC) under Octa Markets Cyprus LtdOctaFX Review

Accounts

There are three main account types that you can use at OctaFX called MetaTrader 4 Micro, MetaTrader 5 Pro and cTrader ECN

They offer unique features for both the beginner and advanced trader.

Micro account is available on MT4 for newbies. A minimum deposit of $100 and maximum leverage of 1:500 come with elevated trading expenses.

Pro account which uses the slightly more advanced MT5 platform and for those with a good understanding of Forex and a willingness to invest for larger profits. This offers slightly lower spreads than the Micro account and will have less trading costs for higher volume. The minimum deposit is slightly higher though.

ECN account which is run on the OctaFX cTrader platform. This is the platform that allows for STP and the lowest execution latency. These do come with lot commissions though

Some of the features are listed below:

MICRO
MOST COMMON OPTION
RECOMMENDED FOR:
NOVICE
TRADER
for small investment
PRO
RECOMMENDED FOR:
EXPERIENCED TRADER
for lowest spreads and less trading costs
ECN
RECOMMENDED FOR:
PROGRESSIVE TRADER
for more transparency in pricing
SPREAD
Floating, starting at 0.4 pips
Fixed, starting at 2 pips.
Floating, starting at 0.2 pips Floating, starting at 0 pips
COMMISSION/SPREAD MARKUP
No сommission, Markup No сommission, Markup No markup, Commission
RECOMMENDED DEPOSIT
100 USD 500 USD 100 USD
INSTRUMENTS
28 currency pairs + gold and silver + 2 energies + 4 indices + 3 cryptocurrencies 28 currency pairs + gold and silver + 2 energies + 10 indices + 3 cryptocurrencies 28 currency pairs + gold and silver
LEVERAGE
Up to 1:500 for currencies
1:200 for metals
1:50 for indices and energies
1:2 for cryptocurrencies
Up to 1:200 for currencies
1:100 for metals and energies
1:50 for indices
1:2 for cryptocurrencies
Up to 1:500 for currencies 1:200 for metals
MINIMUM VOLUME
0.01 lot
MAXIMUM VOLUME
Unlimited
EXECUTION
Market execution in under 0.1 second
PRECISION
5 digits
ACCOUNT CURRENCY
USD or EUR
MARGIN CALL/STOP OUT LEVEL
25% / 15% 45% / 30% 25% / 15%
HEDGING
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SCALPING
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EXPERT ADVISORS
OctaFX Review OctaFX Review OctaFX Review
SWAPS
Optional No swap No swap
OVERNIGHT COMMISSIONS
Swap / Swap free commission 3 days fee Weekend fee
CFD TRADING
OctaFX Review OctaFX Review OctaFX Review
CRYPTOCURRENCY TRADING
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Moreover, you are allowed to hedge your positions, use scalping techniques as well as code your own Expert Advisors (EAs) on all of these trading accounts.




Islamic Account

OctaFX is also known for offering one of the best Islamic accounts in the industry.
Islamic account has no swap applied during a rollover but a fixed fee instead. This fee is not an interest and primarily depends on the direction of your position.

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.

You can calculate the commission for your particular trade using the tool here. It has a handy tool at the bottom where you can select the asset, trade size and account type. This will tell you how much you are likely to pay.
OctaFX Review
Demo Account


The Forex market offers attractive opportunities for traders, but also involves risk. That’s why before diving into Forex trading with a live account, it’s best to open a risk-free Forex demo account. The OctaFX Demo Account provides the same Forex trading experience as real accounts. The only difference is that the funds on the Forex demo account are simulated. You don’t trade with real money, so it is completely risk-free.

OctaFX Review

Practicing with unlimited demo dollars helps you better understand how to execute trades, as well as your risk exposure. While being equipped with all the real account features, it allows you to:
  • Use it completely free of charge: Test your trading strategies and bots for scalping, and execute trades completely risk free as many times as necessary
  • Trade with virtual money: Even though it’s a trading simulation, They still provide you with real trading signals that are also free of charge
  • Discover all the features of the trading platform: Learn to read charts and use graphic objects, levels, Fibonacci retracements, and more
  • Experiment with different order types.
In order to turn your learning steps into a more rewarding process, we’ve developed several demo contests that will allow you to earn real money. You can practice reversal trading, use automated trading, or show your newly built skills to get the first prize.
OctaFX Review

How to open an account at OctaFX

Opening an account with OctaFX is quick and easy. Users just go to octafx.com and first fill out name, email and password information.
OctaFX Review
After that, confirm your email
OctaFX Review
Then a new screen pops up asking for an address, phone and date of birth details, as shown below:

OctaFX Review

Shortly after, users are then asked with account platform they would like to open, as well as the additional settings such as real/demo, Islamic swap-free accounts, base currency, leverage and other features as shown below:

OctaFX Review
Once the user has selected their chosen options, they are navigated towards the OctaFX Personal Area where users can deposit and withdraw funds, enter contests and open new accounts, as shown below:
OctaFX Review
Personal Area is impressive as users can operate many functions from here, such as keeping track of live and demo accounts, opening new accounts, viewing contests and promotional offers as well as copy trading services.


Instruments


Traders can invest in a range of options on OctaFX including currency pairs, cryptocurrencies, stocks, market indices, precious metals, and other commodities. Investors can benefit from trading on the most popular market indices such as NASDAQ, Eurostoxx 50, Dow Jones etc.

Only the MT5 account offers all assets; the other two feature a reduced total.

ACCOUNT INSTRUMENTS EXAMPLE INSTRUMENTS
MetaTrader 4 Micro 28 Currency Pairs
Gold and Silver
2 Energies
4 Indices
3 Cryptocurrencies
EURUSD, GBPCAD, AUDCHF, NZDJPY, Gold, BTC/USD, DAX 30 Index, Dow Jones 30 Index and more…
MetaTrader 5 Pro 28 Currency Pairs
Gold and Silver
2 Energies
10 Indices
3 Cryptocurrencies
AUDUSD, GBPUSD, EURNZD, Gold, BTC/USD, Brent Crude Oil, IBEX 35 Index, Nikkei 225 Index and more…
cTrader ECN 28 Currency Pairs
Gold and Silver
EURJPY, GBPCHF, CADJPY, XAUUSD, XAGUSD and more…



Overall, The range of instruments on offer is relatively limited


Trading Platforms

OctaFX offers two different trading platforms for your use

First, OctaFX grants access to the highly popular MetaTrader series of forex trading platforms.
Secondly, the firm also provides “cTrader”, what the company states as the new standard in forex trading

The latest technology in 128-bit SSL protection routines are utilized to encrypt all trading session and personal data, providing peace of mind from any unexpected compromise from the hacking community.

Here is the comparison difference between MT4, MT5 and cTrader

PLATFORM
MOBILE BROWSERS TRADING
OctaFX Review OctaFX Review OctaFX Review
LEVEL II MARKET DEPTH
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VOLUME CALCULATION IN UNITS
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SIGNALS TRADING
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FULL-SIZE TICK CHART
OctaFX Review OctaFX Review OctaFX Review
CREATE AND SHARE CHART SCREENSHOTS AUTOMATICALLY
OctaFX Review OctaFX Review OctaFX Review
REVERSE POSITION IN ONE CLICK
OctaFX Review OctaFX Review OctaFX Review
DOUBLE POSITION IN ONE CLICK
OctaFX Review OctaFX Review OctaFX Review
SCALING OUT OF POSITIONS
OctaFX Review OctaFX Review OctaFX Review
CLOSE ALL OPEN POSITIONS IN A SINGLE CLICK
OctaFX Review OctaFX Review OctaFX Review
BUILT-IN REAL-TIME MARKET NEWS
OctaFX Review OctaFX Review OctaFX Review
ECONOMIC CALENDAR
OctaFX Review OctaFX Review OctaFX Review
TIMEFRAMES
9 Timeframes 21 Timeframes 26 Timeframes
CUSTOMISABLE PLATFORM TIME OFFSET
OctaFX Review OctaFX Review OctaFX Review
PARTIAL FILLS
OctaFX Review OctaFX Review OctaFX Review
CFD TRADING
OctaFX Review OctaFX Review OctaFX Review
CRYPTOCURRENCY TRADING
OctaFX Review OctaFX Review OctaFX Review


Web and Desktop Platform

Users can access their chosen trading platform from the Trading section in the OctaFX Personal Area

OctaFX Review

MetaTrader4

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.

OctaFX Metatrader4 features:

  • Lowest spreads in the industry: Starting as low as 0.4 pips
  • Low cost: No commissions
  • Low minimum deposit requirement: Start trading with as little as $50
  • Bonus deposits: Get up to 50% bonus on each deposit
  • Wide range of instruments: 28 currency pairs, gold and silver, 4 indices and 3 cryptocurrencies
  • High leverage: Up to 1:500 for currencies, 1:200 for metals, 1:2 for cryptocurrencies
  • Volume options: Minimum of 0.01 lot size, unlimited maximum
  • High precision: 5 digits
  • Several options: Hedging, Scalping, Expert Advisors, CFD Trading
  • No swaps: No need to pay swaps on orders held overnight


MetaTrader 5

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.

OctaFX Metatrader5 features:
  • Built-in Real Time Market News
  • Lowest Spreads in the Industry: Starting as low as 0.4 pips
  • Wide range of instruments: 28 currency pairs, 4 metals, 10 indices, 4 energies, and 3 cryptocurrencies
  • Low Cost: No commissions, but markup
  • Volume Calculation in units
  • Volume options: Minimum of 0.01 lot size, unlimited maximum
  • High leverage: Up to 1:200 for currencies, 1:100 for metals and energies, 1:50 for indices, 1:2 for cryptocurrencies
  • High precision: 5 digits
  • Signals Trading
  • Bonus Deposits: Get up to 50% bonus on each deposit


cTrader

cTrader is the top-level trading platform for ECN brokers. Naturally, it provides Level II quotes, server trailing stops, single-click trading and sophisticated charting options. It utilizes cloud servers to back up accounts and keep a centralized tab on all of them.

OctaFX cTrader features:
OctaFX Review
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.

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.


Mobile Platform

OctaFX is also available on mobile and has dedicated apps for both iOS and Android. There is virtually no performance difference between these mobile apps and desktop apps. Traders can easily use them to make trades while on the move.

The OctaFX Trading App is an officially acknowledged Forex trading software. It permits all financial transactions available through conventional desktop apps. Users can access the in-app settings to control their OctaFX trader profile and all activities related to that account. The apps provided fulfill the needs of traders, but we have seem apps from other brokerages that have been easier to use.


MetaTrader4

The OctaFX MetaTrader 4 Mobile Trading App offers a variety of order types and execution modes, three types of chart view (bars, candlesticks and line) as well as nine different viewable timeframes and thirty different trading indicators and useful instructions on how to get started from their website:
OctaFX Review

However, trading functionality is quite simple on the OctaFX MetaTrader 4 mobile trading app. For example, from the homepage in the mobile trading app it is simple to access different areas such as quotes, charts and history:


OctaFX Review
Trading functionality is also easy to access, as is a snapshot of your account, as shown below:

OctaFX Review


MetaTrader5

The OctaFX MetaTrader 5 Mobile Trading App offers a full set of order functionality including pending and stop-orders, market depth and netting and hedging account options and useful instructions on how to get started from their website:
OctaFX Review

cTrader

OctaFX Review
The proprietary cTrader app is easy to use, robust and well set out to assist mobile trade execution. Whilst it does allow users to keep on top of administrative tasks such as withdrawing and depositing funds it has the feeling of something that in essence was designed to help traders trade.

As with the desktop platform, the default watch list offers only a limited range of markets and focuses on currency pairs. Nor are there very many analytical tools to use on the mobile app. Maybe it’s because these areas have been scaled down that the cTrader mobile experience has such a clean and crisp feel. It’s easy to get into a position to execute trades: one click trading is available as are fully functioning order screens which allow for trade instructions to be set up with trailing stop losses and take profit targets built in.

The mobile trading apps on offer from OctaFX are useful for both beginner and advanced traders to trade on the move. Another useful feature from OctaFX is their very own OctaFX Trading App which allows users to manage their trading accounts and finances,



Commissions Spreads

OctaFX’s commission and fees vary depending on one of the three available account types chosen Micro, Pro and ECN accounts
OctaFX has some of the lowest spreads when compared to other brokers

MetaTrader 4 Micro Account

This account is a commission-free trading account where users can choose from fixed spreads starting at 2 pips or floating spreads starting from 0.4 pips
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.
OctaFX Review

MetaTrader 5 Pro Account

This account is also a commission-free trading account where users can trade with floating spreads starting at just 0.2 pips
When considering both price structure and range of instruments to trade, the MT5 Pro account is generally the best of the three options.

OctaFX Review
cTrader ECN Account

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.

With OctaFX there is no slippage or requotes and commissions on FX pairs are close to zero particularly for traders who have an ECN account.

The amount of commission depends on the instrument and while there are no swap fees there is a weekly rollover fee
OctaFX Review


Deposits Withdrawals

OctaFX offers multiple channels for investment including credit/debit cards, bank wires, Skrill, Neteller etc. Traders from specific countries can also opt for local bank transfers. OctaFX is constantly adding new payment methods.


Deposit

Depositing and withdrawing funds from OctaFX are commission-free and the broker, in some cases, offers a 50% deposit bonus as shown in the Deposit section of the OctaFX Personal Area below:

OctaFX Review

How long do deposit take?

OctaFX Review

Withdrawal

For withdrawal requests, the processing time is almost take from 1 -3 hours and validated through an email. However, this will only happen provided personal information about the withdrawer in available and verified. As per the international anti-money laundering laws, Forex brokers need to follow specific rules and OctaFX complies to them all.

OctaFX Review

How do you withdraw money from account?

1.    Login to your account. Select on Withdraw Funds’ at the menu tab
2.    Fill in the form and enter the desired withdraw amount
3.    Choose the withdrawal method
4.    Complete the necessary form requirements
5.    Confirm withdrawal details and Submit


Verify your account to withdraw funds. Submit your documents for verification.
OctaFX Review


*Available options for the following countries:

  • Indonesia: Local banks, Visa, FasaPay, Bitcoin, Help2Pay
  • Malaysia: Local banks, Visa, Neteller, Skrill, Bitcoin, Help2Pay, Billplz
  • Vietnam: Local banks, Visa, Neteller, Skrill, Bitcoin, NganLuong
  • India: Local banks, Visa, Neteller, Skrill, Bitcoin
  • Pakistan: Local banks, Visa, Neteller, Skrill, Bitcoin, Billplz
  • South Africa, Nigeria: Local banks, Visa, Neteller, Skrill, Bitcoin, Billplz

In addition, OctaFX also keeps user funds distinct from that of the company. Thus, it is in compliance with international Forex trading standards. Further, it uses an authentication model through 3D secure technology for extra protection to online payments


 

Bonus and Promotions

There are several different bonuses and promotional offers. However, these may change over time.

A great benefit of OctaFX is the 50% bonus on deposits that the platform offers for non-EU clients. If you deposit at least $50 then they will give you half of the initial deposit as bonus funds.

It is also important to point out that this deposit bonus cannot be withdrawn until you have traded the minimum amount of lots. This minimum lot number is determined according to the following:

Standard lot number = Bonus amount in USD/2

Exp:

Your deposit amount $400
50% bonus we provide $200
Divide your bonus by half $200/2
Number of lots to trade 100 lots


OctaFX Review
Beside that, OctaFX.com are offering the following bonuses and promotions:

Trade and Win
OctaFX is giving you the chance to win a ("the Gift") as below
OctaFX Review
How to enter
  • You can join TradeWin any time by opening a real account with OctaFX.
  • Clients can claim gifts any time depending on their ‘prize lots’ balance.
  • To be entered into the Promotion, users must trade on their real accounts using any trading instrument we provide.
  • Trades on demo accounts do not qualify users to enter the Promotion.
  • Order duration is not limited, unless it is stated in the Customer Agreement.
  • Only closed trades participate in volume counts.


OctaFX 16 Cars contest?
This is a trading contest on real accounts for both novice and experienced traders. In this contest, you can win cars, MacBook laptops, smartphones, and smartwatches every three months.
OctaFX Review
How do I win?
To win a prize you need to achieve the highest results possible across all three categories before the prize drop arrives. The traders performing best will win the main prizes. When the winners are determined, all results are reset, and all participants can start competing for the next drop.

Regardless when you enter the race, you can win.

New deposits made to your contest account do not negatively affect your current Gain, can positively affect your future Gain, and increase your chances in the Traded Volume category!

Champion MT4 Demo Contest

The four-week MT4 demo contest awards withdrawable cash prizes:
The participant with the highest balance at the end of round wins the main prize
OctaFX Review
How to joun next round
  1. Log in or sign up on OctaFX
  2. Open a new Champion contest account
  3. Download the MT4 trading platform or use the browser version
  4. Wait until 31 Aug and start trading on MT4 using a contest account
  5. Get the highest balance and win a prize!

cTrader Weekly Demo Contest

The participant with the highest balance at the end of round wins the main prize
OctaFX Review
How to join next round
  1. Log in or sign up on OctaFX
  2. Open a new cTrader weekly contest account
  3. Download the cTrader trading platform or use the browser version
  4. Wait until 7 Sep and start trading on cTrader using a contest account
  5. Get the highest balance and win a prize!



Trading Features

Copier area

OctaFX Copytrading offers an opportunity to automatically copy leading traders and forget about long hours of building your own trading strategy. Choose from the best Masters of Forex and diversify your trading portfolio.

You can take a look at the leaderboard of all of these master traders and examine their trading history.

The compensation is either charged as a commission per lot that you trade or a piece of the spread as a revenue share. You can think of this as the fee that the master is charging to let you follow them.

You can see the rankings of the various “masters” and their return over the past year as well as the copiers that they have and the compensation they would likeOctaFX Review

How It Works
  1. Create an account and make a deposit
  2. Find Masters you want to follow and click ‘Copy’.
  3. Monitor and profit!
You have full control over the process and can modify/stop copying trades at any given time.

When you unsubscribe, all funds invested in the Master, and any profit from copying return back to your Wallet.

Before unsubscribing, please make sure all current trades are closed.

This is a new tool that helps traders earn additional stable income by copying more experienced traders.

OctaFX Review


Become a master?

OctaFX Copytrading offers their client an additional source of income: open a Master Trader Account, describe your strategy, and set your commission to let others copy your trades.
This will allow you to show off your trading prowess as well as build up a community. Of course, it will also give you an opportunity to earn passive income from the commission.

How It Works

  1. Click on Master Area and create a Master Account—start a new one or assign an existing one as your master account.
  2. Get your Master Account ready for copiers: set your commission amount and describe your strategy.
  3. Monitor and profit!



Autochartist

Users of OctaFX can gain access to AutoChartist trading signals which offers a variety of benefits to both beginner and advanced traders, such as:

  • Follow automated alerts to open and close trades
  • Advanced volatility analysis tool to optimise stop-loss and take-profit levels
  • React quickly to important price movements. 83% trend prediction accuracy on USD pairs and more
  • Close up to 50% more orders in profit with automatically identified emerging and completed chart patterns
  • Stay informed about the market movements and trading opportunities with Autochartist market reports

However, to get the AutoChartist trading signals tool, users must deposit more than 1000 USD in their trading accounts:


Customer Support

OctaFX offers customer service round the clock on all workdays 24/5. Customers can choose between email or live chat, or phone. The languages supported by the customer support staff are English, Indonesian, Spanish, and Polish.

Phone:
United Kingdom +44 20 3322 1059
Hong Kong +852 5808 8865
Indonesia +62 21 3110 6972

Alternatively, there is an option on the ‘Contact Us’ section that makes provision to contact OctaFX either through WhatsApp or Telegram (although these are limited to texting only).
OctaFX Review

In addition, there is a FAQ section under ‘Education’ which handles a variety of topics.
OctaFX Review

OctaFX also has a social media platform presence on Facebook, Twitter, Instagram, and YouTube.

According to the broker, ZenDesk reports that OctaFX is 87.1% better than the industry average for customer support, boasting a 7 second response time and a 96% customer satisfaction rate.


Research Education

OctaFX offers several trader tools such as an economic calendar, market insights, forex news, profit calculator, trading calculator, monitoring, live quotes, interest rates, and national holidays. More tools include:

OctaFX Review
OctaFX has an excellent Market Insights section which is updated frequently but is only available in English. Regular posts include a Daily Forecast, a Daily Review and Weekly Review. These posts frequently offer predictions of future market movements.

The Market Insights section also has a daily video series, uploaded to the OctaFX YouTube channel, called Market in a Minute, which covers all the big news from the Forex markets for the preceding trading day. In addition to all these regular updates, there are irregular short pieces published in reaction to trading events with detailed technical insight.
OctaFX Review

The site features a range of short tutorials covering everything you need to know to get started – from Forex Fundamentals to Predicting the Market. Each tutorial is a mix of video and text and is well-packaged and easy to understand; learners are tested frequently on the material and the entire website is free of charge.

Also on the main site, there is a short Tutorial section covering the MetaTrader platforms, CopyTrading, Autochartist and CFDs and a Video Tutorial section focused on getting started with MetaTrader.
OctaFX Review

Overall, The educational material at OctaFX and its alternative website is good but focused on new traders; for more experienced traders there is little in the way of educational support.


Conclusion

OctaFX is a highly competitive broker which has a global reach and is reputable and trustworthy. In addition, it has a competitive offering of low spreads, reasonable pricing, and advanced technology.

OctaFX has a truly impressive array of features and options to offer to traders. Their personal support is also genuine and customer care executives seem to eagerly resolve client queries and problems.

Additionally, their competitions and trading bonuses add an edge to their brokerage. Most other Forex brokers do not offer such benefits. For novice and even experienced brokers,

Novice traders also have the option of honing their skills with demo accounts which perfectly mimic live trade conditions.All in all, OctaFX is a very viable Forex brokerage that offers a good experience and can be used profitably by smart traders.

OctaFX has an excellent analytical section, well-designed education for beginners, world-class trading tools
The limited ways of making deposits and withdrawals is another negative factor, especially when compared to other similarly sized players in the market who offer a much greater variety

OctaFX is already making available a range of neat and unique features which improve the trading experience. Providing even more of these innovative tools will help them stand out from the crowd and continue to make them a broker that is definitely worth considering.

Yet, we would be glad to know your personal opinion about OctaFX, you may share your experience in the comment area below, or ask us for some additional information if required.
Thank you for rating.
Source: https://octafxblog.com/octafx-review
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