OctaFX Review
  • Pros
  • Trade without restrictions on MetaTrader 4 or 5.
  • Crypto deposit and withdrawal options are available.
  • Negative balance protection.
  • Copy trading platform.
  • Cons
  • You cannot buy shares or cryptocurrency (only CFDs).
  • Only supports 2 account base currencies: USD, EUR.
  • Awards
  • Best Global Broker Asia, 2022
  • Best Forex Broker India, 2021
  • Best Forex Broker Asia, 2021
About the author

Author pictureStefan started his career in investment banking in 2005, and trades in his own time. He graduated from the London School of Economics and HEC Paris.

Updated on: 26 May, 2023

OctaFX Accounts (2)


MT4 Account
  • Trade Forex, crypto-currencies, indices and precious metals on fixed or floating spreads. This account, designed for novice traders, supports MetaTrader 4.
  • $ 100 Minimum deposit
  • 1:500 Leverage (EUR/USD)
  • 0.6 Pips (EUR/USD)
  • $ 0 Commission
  • More ▼
  • Open account ▷


MT5 Account
  • Trade Forex, crypto-currencies, indices, stocks, precious metals and energies on tight floating spreads. This account, designed for experienced traders, supports MetaTrader 5.
  • $ 100 Minimum deposit
  • 1:500 Leverage (EUR/USD)
  • 0.6 Pips (EUR/USD)
  • $ 0 Commission
  • More ▼
  • Open account ▷
OctaFX Offers (1)

Important: please visit the broker's website for their terms and conditions.

Get a 50% bonus whenever you deposit at least $50 to your trading account. The bonus will be credited to your account automatically and may be withdrawn once you've met volume requirements.

Visit website ▷

OctaFX Markets

Trade CFDs on currency pairs or diversify across stocks, indices, precious metals and energies:

  • Forex: trade CFDs on the price of 35 currency pairs on leverage up to 1:500. These include the Majors and well as crosses between AUD, EUR, GBP, USD and JPY.
  • Crypto-currency: trade CFDs on the price of 30 crypto-currencies, including Bitcoin and Ethereum, with leverage up to 1:25.
  • Stocks: trade CFDs on the price of 150 individual stocks, with leverage up to 1:20. These include popular names such as Tesla, Apple and Amazon, as well as companies listed in the UK, Europe, Australia and Asia.
  • Indices: trade CFDs on 10 stock indices, with leverage up to 1:50. These include the Dow Jones 30, the NASDAQ 100, the DAX 30 and ASX SPI 200 Index.
  • Metals: trade CFDs on the price of Gold and Silver against the US Dollar, with leverage up to 1:200.
  • Energies: trade CFDs on the price of Natural Gas, Brent Crude Oil, and West Texas Intermediate crude oil, with leverage up to 1:100.
  • Asset classes
  • Forex (CFD)
  • Cryptos (CFD)*
  • Stocks (CFD)
  • Indices (CFD)
  • Metals (CFD)
  • Energy (CFD)

* Availability subject to regulation.

  • Asset classes (#)
  • Forex (CFD)35
  • Cryptos (CFD)*30
  • Stocks (CFD)150
  • Indices (CFD)10
  • Metals (CFD)2
  • Energy (CFD)2
OctaFX Trading platforms

MetaTrader 4 and 5

OctaFX.com supports MetaTrader 4 and 5, two of the world's most popular trading platforms. If you're new to trading, we suggest using MetaTrader 5, because it supports a wider range of instruments, order types and time frames for your charts.

OctaFX supports all trading styles, including hedging, scalping and automated trading. If you have an interest in programming, you could write and run your own trading robots inside MetaTrader. Otherwise, you may download trading robots, paid and free, from the MetaTrader Market.

MetaTrader 4 and 5 are available for download to your computer or Android/iOS mobile device from OctaFX.com. You may also trade over the Internet, through your browser, with no download required.


If you're short on time, or simply lack the confidence to trade Forex, the OctaFX copytrading service could be of interest. Find the most profitable traders to follow, and allocate a percentage of your funds to copy their trades automatically. Review their performance, and either pause or end the copy relationship at any time.

Swap-free accounts

OctaFX accounts are available in Islamic format for clients of Muslim faith. These accounts neither pay, nor receive interest, on positions held open overnight. Instead, OctaFX applies a fixed fee that is not interest. In 2020, OctaFX won the award for Best FX Islamic Account.

  • Platforms
  • MT4
  • MT5
  • Copy trading
  • Other platformsOctaTrader
  • Operating systems
  • Web trading
  • Android
  • iOS
OctaFX Deposits and withdrawals

Note: the choice of payment methods depends on the company that you open an account with, and your country of residence. Please visit the company's website for a list of all payment methods.

You can fund your OctaFX account through a bank transfer, Visa or Mastercard payment, the Skrill or Neteller electronic wallets and even crypto-currency. OctaFX accepts Bitcoin, Ethereum, Litecoin, Dogecoin and Tether payments.

OctaFX won't charge you when you make a deposit or a withdrawal. It will even go further and cover third-party deposit and withdrawal fees (such as that charged by Skrill, Neteller or others). Please contact OctaFX.com for more information.

As payment options will vary based on your country of residence, we encourage you to create a free account on OctaFX.com to see for yourself. In India for example, local payment include the UPI faster payments scheme.

  • Deposits and withdrawals (Fiat)
  • Bank transfer
  • Credit card
  • Debit card
  • Skrill *

* Availability subject to regulation.

  • Deposits and withdrawals (Crypto)
  • BTC - Bitcoin
  • DOGE - Dogecoin
  • ETH - Ethereum
  • LTC - Litecoin
  • USDT - Tether
  • Account base currencies
  • EUR - Euro
  • USD - U.S. Dollar
OctaFX Regulators

OctaFX is an umbrella brand used by two independent entities:

  • The OctaFX.com website is associated with Octa Markets Incorporated, a company established in St. Vincent and the Grenadines. OctaFX.com, which is the focus of this review, is able to offer its clients high leverage and bonus promotions.
  • The OctaFX.eu website is associated with Octa Markets Cyprus Ltd, an investment firm registered in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC). This enables users to trade with a broker under European regulatory oversight, with enhanced safeguards, including access to an investor compensation fund.

Your funds will be held in segregated accounts, and you'll also enjoy negative balance protection, no matter which entity you open an account with it. Negative balance protection means that OctaFX will re-set your balance to zero, should it ever become negative.

Customer support is available 24/7, in English, Spanish and South-Asian languages. OctaFX aspires to keep you waiting no more than 30 seconds.

OctaFX Alternatives

Are you looking for an alternative to OctaFX? See how OctaFX compares against each of the following brokers.