OctaFX - Forex Broker information, rating, reviews

OctaFXOctaFX website
Status
Regulation FCA UK
Trading software Metatrader 4/5, MT4/5 Mobile for Android/iPhone, cTrader, cTrader WEB, cAlgo
Headquartered 2 Devonshire Square, London, England, EC2M 4UJ

Octa Markets Incorporated is a worldwide recognized forex broker. OctaFX provides forex brokerage services to its clients in over 100 countries of the world. OctaFX uses the most up-to-date technology and knowledge to make your forex trading experience outstandingly convenient. Our top goal is the trust and satisfaction of each client's need and requirements. OctaFX sets the highest service level standards and maintains them as well as constantly develops new services and promotions.

Octa Markets Incorporated was registered in 2011 in Saint Vincent and the Grenadines under the license number 19776 IBC 2011. Company's legal and correspondence address is Cedar Hill Crest, P.O. Box 1825, Villa, St. Vincent and the Grenadines. OctaFX activity is supervised and regulated by the authorities of Saint Vincent and the Grenadines under the International Business Companies (Amendment and Consolidation) Act, chapter 149 of the revised laws of Saint Vincent and the Grenadines, 2009, section 5(1). OctaFX acts in full compliance with international legislation and regulation standards. We strongly believe that honesty is the best policy. You can review the Customer Documents as well as AML policy and other important legal documents in Legal Agreements section of www.octafx.com.

OctaFX has developed a variety of options to make your forex trading even more convenient. We offer real ECN accounts as well as micro accounts. The lowest spreads, real market execution, true ECN offset are among the top advantages of OctaFX. OctaFX forex broker offers legal forex trading in Malaysia, Indonesia, Spain, China and many other countries. OctaFX forex company is one of the few FCA UK regulated forex brokers which makes Octa Markets Incorporated a reliable company to trade with. Besides OctaFX is one of the few forex brokers offering really low spreads. Besides the broker offers forex education to its customers.

OctaFX offers trading at both real and demo accounts on a variety of trading platforms including mt4 platform and cTrader. Besides the company is one of the real ecn forex brokers operating currently on the market of currency trading.

OctaFX is indeed a client-oriented company. This said, we are working hard to further improve our services. Stability, perfection and attention to details is what makes OctaFX different from our competitors. Our highly educated and well-trained Customer Care Department works 24/5 to answer your inquiries and help you. We are always open to suggestions and feedback. All these facts let OctaFX broker be always one of the leaders in various forex broker ratings and charts. And doubtless this makes OctaFX stand apart from scam forex companies operating on the financial markets.

On the company’s profile page at our site you can read OctaFX reviews by other traders as well as write your personal OctaFX review of your personal experience with the broker. To add a forex review you need to login to the site. The gold stars signify reviews ratings according to their usefulness as considered by other visitors of the site.

OctaFX trading information

WWW https://www.octafx.com/
Address 2 Devonshire Square, London, England, EC2M 4UJ
Headquarters London
Free phone +17844574224
24 hour support
Partnership programs
Expert advisors
Free education
Bonuses, Promotions
Forex contests, competitions
1st deposit bonus
Mobile trading
Automated trading
Demo account
Swaps
24 hour trading
Scalping
Hedging
Digits after the dot in quotes 5
Minimum position size 0.01
Spread Type floating
Pip spread on majors 0.3-0.7
Leverage 500
ECN, $ 50
Standard account, $ 50
Mini account, $ 5
Popular payment methods Credit Cards, Wire Transfer, Skrill, FasaPay, Neteller, Local banks
Account currencies EUR, USD
Other instruments Gold, Silver, Crypto, Indices
Languages English, Indonesian, Chinese, Portuguese, Spanish, Bahasa Malaysia, Hindi, Bengali, Urdu, Vietnamese, German
Platforms Metatrader 4/5, MT4/5 Mobile for Android/iPhone, cTrader, cTrader WEB, cAlgo
Broker type Broker
Regulation FCA UK
Foundation 2011
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OctaFX
OctaFX copytrading: a whole new opening

We've released a new service that expands your options for making a profit in both active and passive ways - OctaFX Copytrading. Novice traders...

Forex brokers news
OctaFX
GBP bulls now eyeing a sustained move

The GBP/USD pair built on its steady intraday climb and refreshed session tops in the last hour, recovering a major part of Friday's corrective slide...

Forex Forecasts
OctaFX
GBP/USD scope for a move to 1.3170

We expected a higher GBP yesterday but the break of the strong 1.3105 resistance came as a surprise (overnight high of 1.3124). While the rally has moved...

GBP/USD forecasts

OctaFX
GBP/USD clings to gain around mid 1.3

BoE MPC votes 9-0 to leave interest rates/asset purchase facility unchanged. Brexit optimism continues to underpin the British Pound and remain...

GBP/USD forecasts
OctaFX
EUR/USD fails again above 1.1600

The EUR/USD pair extends its choppy trend into the European session, unable to sustain the bounce once again above the 1.16 handle, as the bulls remain...

EUR/USD forecasts
OctaFX
Gold bears await a convincing break

The precious metal has managed to defend a short-term ascending trend-line support on the 1-hourly chart, albeit has struggled to gain any meaningful traction...

Market analysis

Current Rating: 83 %, 17 %


Traders Rating:


OctaFX latest reviews

Day Light Robbery or Standard Practice by OctaFX? Submitted the following email to support twice so far with no response. Hello OCTAFX Support/Management, Following our multiple communications we recently joined OCTAFX with the intention of trading fundamentals. Today we had 10 precisely synchronised trades running across 5 global brokers including OCTAFX and found the most astonishing results! With precisely measured trades 0.1 LOTS and 5 PIPS SL we had a nice mix of profits averaging $10 USD per trade or losses averaging $7 USD per trade from all other ECN and NON ECN brokers - except yourselves which generated $78 USD in losses! The spreads measured at execution with OCTAFX were precisely EURCAD 3.4 PIPS and CADJPY 2.6 PIPS and yet with the 5 PIP Stop Losses we incurred losses of up to $35 on a single trade without any chart evidence whatsoever! Can you please explain clearly what is going on here?

Ben   1 August, 2018  

Dear Ben, We have reviewed your complaint thoroughly, and our team has provided you with detailed results of their investigation, explaining what occurred during your news trading. We're sorry to hear about your discontent with our services and the fact that you do not wish to acknowledge that news trading involves higher risk and result in gaps which you've experienced. We would like to remind you that all rules concerning the execution of pending orders can be found in our Customer Agreement and in accordance with the said document we did not find any abnormalities in your trades.

OctaFX Rep.   31 August, 2018

I can see people make comments here that broker is regulated. Regulated doesn't mean well operated. Time after time, I face problems with order execution. Of course, broker doesn't violate any rules or standards but it makes me feel uncertain about broker itself. I can confirm from my statements that OctaFX has much higher spreads. Limited orders are not executed properly. 1 of 3 pending orders are canceled by broker due to price fluctuations or high volatility. These are all signs of bad broker.

Sean   6 June, 2017  

OctaFX is regulated broker and that is a proof of its reliability. I affirm that it is true. Mostly I am trading here with shares on CDF contracts. Gain profit with exotic currency pairs several times trading on forex market on the MetaTrader 4 platform. Here I get spread compensation or rather spread decrease due to an active trading. Have tried non-dealing desk with direct bank access. It really provides the fastest execution ever and the best pricing. Like this broker.

Darius   15 June, 2016  

I started a month ago and should confess that the things go not so well with this broker as I expected. It doesn’t mean it is bad, but the low spreads seem to be its only strong point. Perhaps one can be impressed by the fast execution but it is not a peculiarity - most brokers do their best to show the high speed. At the same time there is a lack of tools and bonuses. Yeah…they offer a deposit bonus for MT4 account but that is not enough. Within the periods of high volatility I face slippage. The same is observed during news release. So, I could not recommend it but still I would not recommend against it also. Take a try if you want to know more about brokers.

Ed   11 June, 2016  

OctaFX is worth to trade with. Thank you for the German version (Danke schon!), it makes things easier. Their spreads grew only with news releases, because I traded with other brokers and their spreads grew for now reason, this is unfair I think. And withdrawals are really mean profit which you can get, not just a word, you know.

Dangerous   15 December, 2015  
  


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