OctaFX Review and Profile
OctaFX Profile
OctaFX is one of the best Forex brokers on the market, for all traders around the world. OctaFX offers access to CFD, commodity and index trading with award-winning trading conditions. As well as access to the Forex market, OctaFX offers various promotions that can help you such as deposit bonuses and No Deposit bonuses (NDB). For today’s Forex traders, this means they no longer need to feel deprived because of a small balance, or lack of access to global exchange markets.
OctaFX Forex brokers ensure reliable Forex trading conditions to provide opportunities for traders of all levels to get more profit. This can happen because: There is no commission on each deposit and withdrawal of funds, there are no swaps, there is no slippage and there is no delay in order execution.
OCTAFX COMPANY INFORMATION:
- Company name : Octa Markets Inc.
- Founded : 2011
- Headquarters : Saint Vincent and the Grenadines
- Regulatory Agency : FSA (St. Vincent and Grenadines)
- Broker Type : ECN/NDD
OCTAFX ADVANTAGES:
- Negative balance protection
- There is no commission for each deposit and withdrawal of funds
- There is no swap
- There is no slippage
- There is no delay execution
ACHIEVEMENTS OF OCTAFX:
OctaFX has received several awards including: FASTEST GROWING MICRO FOREX BROKER 2012 by Global Banking and finance review, BEST CUSTOMER SERVICE ASIA BROKER 2013 by Global Banking and finance review, BEST BROKER CENTRAL ASIA, CENTRAL & EASTERN EUROPE 2013 by Word Finance magazine, BEST CUSTOMER SERVICE BROKER 2013 by FX Empire, BEST BROKER EASTERN EUROPE, ASIA CENTRAL 2014 by Forex Report Magazine, BEST ECN BROKER ASIA 2014 by Global Banking and finance review and many others, for more awards please see here
OctaFX Account Types Comparison
OctaFX provides Micro, Pro and ECN account types. Following is the comparison between each type of account:
| Micro | Pro | ECN | |
|---|---|---|---|
| Min. Deposit | $100 | $500 | $100 |
| Max. Leverage | 1:500 | 1:200 | 1:500 |
| Spread Type | Floating | ||
| Commission Perlot | None | ||
| Lot Size | 100.000 Unit | ||
| Min. Trade | 0.01 lot | ||
| Decimal Price | 5 Digit | ||
| Execution Type | Market | ||
| Stop Out | 15% | 30% | 15% |
| Margin Call | 25% | 45% | 25% |
| Hedging | Yes | ||
| Expert Advisor (EA) | Yes | ||
| Server Time | GMT+2 | ||
OctaFX Trading Instrument
OctaFX provides trading instruments with 28+ currency pairs, 2+ gold and silver pairs, 4 indexes and 3+ crypto currency pairs that can be accessed on one platform.
OctaFX Islamic Account
OctaFX provides an Islamic account or free swap specifically for Muslims, the free swap feature will automatically be active for Muslim traders after verifying documents.
OctaFX Trading Platforms
OctaFX provides trading platforms: MT4, MT5 and CTrader which are available for PC users. Whereas the mobile platform is available for Android and iOS users, besides that WebTrade available for the web base platform.
Social Trading
OctaFX Copytrading offers the opportunity to automatically copy featured traders without spending much time creating their own strategies. Choose the best Forex Master and diversify your trading portfolio.
OctaFX Deposit and Withdrawal Methods
OctaFX provides various types of deposit and withdrawal methods between FasaPay, Credit / debit cards, Neteller, Skrill, Wire transfer, for other methods please see here.
OctaFX Support Services
OctaFX Provides 24-hour support services in 5 working days, available in Email, Live Chat, Phone. Language of services available in Indonesian English, Chinese, Spanish, to contact please visit OctaFX contact page here.
OctaFX Regulatory Information
FSA (St. Vincent and Grenadines)
| Link | http://svgfsa.com/ |
| Short Name | SVGFSA |
| Country | St. Vincent and Grenadines |
| Address | 2nd Floor, Reigate Building P.O. Box 356, Kingstown St. Vincent, West Indies |
| Description | The Financial Services Authority was established on November 12, 2012 by the Parliamentary Act, the Financial Services Authority Act. The FSA is responsible to the Government of St. Vincent and the Grenadines for the administration and enforcement of regulations determined under the governing laws. |