OctaFX

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OctaFX Review

Author bio.

St├ęphane BottineSt├ęphane has worked in financial services since 2005, within capital markets and investment banking. He graduated from the London School of Economics and HEC Paris.

FCA Register

Updated on: 25 November, 2022

  • Pros
  • Trade on MetaTrader 4 or MetaTrader 5.
  • Negative balance protection.
  • Copy trading platform.
  • Cons
  • You cannot buy shares or cryptocurrency (only CFDs).
  • No CFDs on commodities, stocks or ETFs.
  • Doesn't support bank transfers, credit or debit card payments.
  • Only supports 2 account base currencies: USD, EUR.
  • Awards
  • Best Forex Broker India, 2021
  • Best Forex Broker Asia, 2021
  • Best ECN Broker, 2020

OctaFX Accounts (2)

OctaFX

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 ▷

OctaFX

MT5 Account
  • Trade Forex, crypto-currencies, indices, 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 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, which include the Majors and well as crosses between the AUD, EUR, GBP, USD and JPY. Trade on MetaTrader 4 or 5 with leverage up to 1:500.
  • Crypto-currency: trade CFDs on the price of 5 crypto-currencies against the US Dollar, including Bitcoin, Ethereum and Litecoin. Trade on MetaTrader 4 or MetaTrader 5 with leverage up to 1:10.
  • Indices: trade CFDs on up to 10 stock indices, namely the Dow Jones 30, the NASDAQ 100, the DAX 30 and ASX SPI 200 Index. Trade on MetaTrader 4 or MetaTrader 5 with leverage up to 1:50.
  • Commodities: trade CFDs on the spot price of Gold and Silver against the US Dollar on MetaTrader 4 or cTrader. In addition, trade CFDs on the WTI and Brent crude with Metrader 5.
  • Asset classes
  • Forex (CFD)
  • Cryptos (CFD)*
  • Indices (CFD)
  • Metals (CFD)
  • Energy (CFD)

* Availability subject to regulation.

  • Asset classes (#)
  • Forex (CFD)35
  • Cryptos (CFD)*30
  • Indices (CFD)10
  • Metals (CFD)2
  • Energy (CFD)2

OctaFX Trading platforms

OctaFX.com supports MetaTrader 4 and 5, two of the world's most popular trading platforms. MetaTrader 5 offers the widest selection of instruments: 28 currency pairs, 4 metals, 2 energies, 10 indices and 30 crypto-currencies.

When you create an account with OctaFX, you can choose to open a live or demo account on any of its platforms. You may also trade from several accounts simultaneously if you chose to.

All platforms are available either through a web-based interface, as a download to your Desktop computer or as an app for your Android or iOS devices.

OctaFX offers two accounts, each associated with a different platform:

  • MT4 Account: trade with small positions on fixed or floating spreads. This account is designed for novice traders.
  • MT5 Account: trade on tighter floating spreads without commission. This account is designed for experienced traders.

OctaFX supports all trading styles without restrictions, including trading bots known as Expert Advisors on MetaTrader, and cBots on cTrader. In addition, all accounts enjoy negative balance protection. This means that OctaFX will reset your balance to zero if it becomes negative after an unsuccessful order.

All accounts are available in Islamic format for clients of Muslim faith. Pay no interest on positions held overnight. Instead, OctaFX applies a fixed fee that is not interest and depends on the direction of your position.

  • Trading platforms
  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • Currenex
  • Copy trading
  • Mirror trading
  • Operating systems
  • Web trader
  • Android
  • iOS

OctaFX Account funding

Note: payment methods depend on the entity with which you open an account, as well as your country of residence. Please visit the company's website for all payment methods.

OctaFX only supports deposits and withdrawals through Skrill, Neteller and the following crypto-currencies: Bitcoin, Ethereum, Litecoin, Tether USDT (ERC20, TRC20) and Dogecoin.

Deposit and withdrawal fees depending on the funding method: USD 50 with Neteller and Skrill, 0.00096 BTC, 0.02 ETH, 0.3 LTC, USDT 50 and 230 DOGE.

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

* Availability subject to regulation.

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

OctaFX Regulators

OctaFX is an umbrella brand used by two independent broker entities:

  • Octa Markets Cyprus Ltd is an investment firm registered in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC) using the domain OctaFX.eu. This enables users to trade with a broker under European regulatory oversight, with enhanced safeguards.
  • The OctaFX.com website is registered under Octa Markets Incorporated established in St. Vincent and the Grenadines, which permits its clients to take advantage of higher leverage and bonus promotions. This review focusses on the OctaFX.com domain.
  • Regulated entities
  • Cyprus (EU)Octa Markets Cyprus Ltd (CySEC No. 372/18)
  • Saint Vincent and the GrenadinesOcta Markets Incorporated (IBC No. 19776)

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