OctaFX Review
Updated: 24 Jan, 2025 - globalforexinfo.comOctaFX is a globally recognized forex and CFD broker, established in 2011, known for its cost-efficient trading environment, low spreads, and user-friendly features. With over a decade of experience, OctaFX has gained popularity for offering flexible account types, bonus programs, and advanced trading tools, making it suitable for both beginners and experienced traders.
Brokers Highlights
| Brokers Name | OctaFX |
|---|---|
| Trading Desk | ECN |
| Year Founded | 2011 |
| Headquarters | Limassol, Cyprus |
| Regulation | CYSEC |
| US Clients | NO |
| 247 Support | ✔️ |
| Support Email | [email protected] |
| Telephone | 00 3572 5251 973 |
| Address | Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines |
| Languages | English, Malay, Portuguese, Indonesian, Arabic, Thai, Chinese, Vietnamese, Bangla |
Accounts Details
| Commission | 0 |
|---|---|
| Accounts | MT4, MT5 Account |
| Min. Deposit | 25 USD |
| Currencies | USD, EUR |
| Execution | Market Еxecution |
| Leverage | 1:500 |
| Spreads | From 0.6 pips |
| Trade Size | 0.01 lot |
| Instruments | Commodities, Stock CFDs, ETFs, Forex, Indices, Metals |
| Demo Trading | ✔️ |
| Swap-Free | ✔️ |
| CopyTrading | ✔️ |
| Crypto Trading | ✔️ |
Platforms
| Platform | MetaTrader 4/5, OctaTrader |
|---|---|
| Mobile Trading | ✔️ |
| Web Trading | ✔️ |
| Affiliate | ✔️ |
Funding
| Deposit | Visa, Local banks, Instant bank transfers, Perfect Money, Bitcoin, Skrill, Neteller, Dogecoin, Tether ERC-20, Tether TRC-20, MasterCard, Litecoin |
|---|---|
| Withdrawal | Visa, Local banks, Instant bank transfers, Perfect Money, Bitcoin, Skrill, Neteller, Dogecoin, Tether ERC-20, Tether TRC-20, MasterCard, Litecoin |
Pros |
Cons |
|---|---|
|
Low Spreads and Fees |
Limited Asset Selection |
OctaFX is registered in Saint Vincent and the Grenadines and operates under an offshore regulatory framework. While it doesn’t hold licenses from top-tier regulators like the FCA or ASIC, the broker ensures security through robust measures, including negative balance protection, SSL encryption, and segregated accounts for client funds.
OctaFX offers high leverage, up to 1:500, allowing traders to manage larger positions with a smaller initial investment.
The broker provides educational content, including webinars, tutorials, and a detailed FAQ section, to help traders enhance their skills and knowledge.
OctaFX offers 24/7 customer support via live chat, email, and social media, ensuring quick resolution of queries.
OctaFX combines affordability, user-friendliness, and attractive promotional offers to create a well-rounded trading experience. While its offshore regulatory status may be a drawback for some, the broker’s focus on low trading costs, negative balance protection, and excellent customer support makes it a reliable option for many traders.
