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.

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Updated on: 24 January, 2022

  • Pros
  • Trade on MetaTrader 4, MetaTrader 5 or cTrader.
  • No fees on deposits or withdrawals.
  • Negative balance protection.
  • Copy trading platform.
  • Cons
  • You cannot buy shares or cryptocurrency (only CFDs).
  • No CFDs on commodities, stocks or ETFs.
  • Account base currencies: USD, EUR.
  • Awards
  • Best Forex Broker India, 2021
  • Best Forex Broker Asia, 2021
  • Best ECN Broker, 2020

OctaFX Accounts (2)


Micro 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) ?
  • 1.1 Pips (EUR/USD)
  • $ 0 Commission / lot
  • More ▼
  • Open account ▷


Pro Account
  • Trade Forex, crypto-currencies, indices, precious metals and energies on tight floating spreads. This account, designed for experienced traders, supports MetaTrader 5.
  • $ 500 Minimum deposit
  • 1:200 Leverage (EUR/USD) ?
  • 0.5 Pips (EUR/USD)
  • $ 0 Commission / lot
  • 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 28 currency pairs, which include the Majors and well as crosses between the AUD, EUR, GBP, USD and JPY. Trade on MetaTrader 4, MetaTrader 5 or cTrader 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)
  • Asset classes (#)
  • Forex (CFD)28
  • Cryptos (CFD)5
  • Indices (CFD)10
  • Metals (CFD)2
  • Energy (CFD)2

OctaFX Trading platforms

OctaFX.com supports the world's three most popular trading platforms: MetaTrader 4, MetaTrader 5 and cTrader. MetaTrader 5 offers the widest selection of instruments: 28 currency pairs + 4 metals + 2 energies + 10 indices + 3 crypto-currencies. In comparison cTrader offers the most restrictive choice: 28 currency pairs + gold and silver.

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 three trading accounts, each associated with a different platform:

  • Micro Account with MetaTrader 4: trade with small positions on fixed or floating spreads. This account is designed for novice traders.
  • Pro Account with MetaTrader 5: trade on tigher floating spreads without commission. This account is designed for experienced traders.
  • ECN Account with cTrader: trade on spreads plus commission. Access Level II market depth information, namely the number of lots available across different price points. This account will appeal if you are looking to implement scalping or news trading strategies.

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: 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.

  • Deposits and withdrawals
  • Bank transfer
  • Credit card
  • Debit card
  • Bitcoin
  • Skrill
  • 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.
  • Company information
  • Head officeSt. Vincent and the Grenadines
  • Regulators
  • CySECNo. 372/18
  • Saint Vincent and the GrenadinesIBC No. 19776

OctaFX Alternatives