OctaFX

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.

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.

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.

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.