OctaFX Reviews & Comments 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  

Most of the instruments provided by this broker are no affordable spreads. No wonder many of the Forex traders never deal with them even once!

bdforext   17 September, 2015  

Dear bdforext,
Thank you for your review. However, as an official representative of OctaFX, I would like to stress that we have the tightest spreads possible (0.2 minimum spread for EUR/USD). I hope you'll have a positive trading experience with us in the future.
Kind regards,
Hanna

OctaFX_Hanna   23 November, 2015

I'm testing OctaFx and first of all (OctaFX pay attention, please)) I am not very satisfied with the payment systems you provide, actually, I would prefer Paypal, but Ok, it is more a preference than a real demand or complaint. Speaking about pluses I would say that the withdrawal process and speed of their services on the whole make me return to OctaFX again and again, more than enough, I was prepared for the worst. Besides I had some issue with their verification process (documents were declined), but their customers service helped me without any delay and much words. I dare say that the withdrawal thing has really surprised me in a positive way, hope that the level of their services will remain the same, any way, I will keep you up to date.

Xian_wei   3 September, 2015  

As for me, I have quite a good experience trading with OctaFX. One of the major advantages for me, which I found while dealing with them, is a smooth and fast withdrawal process, better than expected. Many have some issues about their regulation and have doubts about their reliability, but if you trade legally and follow their terms and conditions, you would not be disappointed with their service, I suppose.

Jack   25 August, 2015  

The phrase "after i won a lot of money" is the first signal to bring this "scam" into a question). What about the details of your trade? Have you contacted with OctaFX, their support?

Jack   24 August, 2015  

Octafx was the best scambroker. Why is it here?
I used to open one account at Octafx. After I won alot of money,Octafx quickly delete transaction history. Then they challenged me to force me to withdraw the amount of money i deposit.

LeoNam   10 February, 2015  

Good broker with tight spread and fast execution. They also held demo contest and weekly prediction contest regularly and from my experiences after participating and successfully withdrawal prize money from both contest without any problem I give them 5 out 5 stars.

j0gy   8 September, 2014  

How to review,
I dont receive my ib comission for 2 day ago and them also cannot confirm when will credited to my account.
Swap free. Yes swap free but they change to charges. Still got charges when you close your trade. But when you trade at demo account, no charges applied.
Client cannot transfer their account under ib now. They said got technical issue but that all nonsense.

psucho   8 May, 2014  

octa fx is very good broker,no requote,low spread,etc

sutrisman   11 February, 2013  

Never heard about them. Where are they regulated? Anybody knows?

Roman   6 February, 2013  

Dear Roman,
OctaFX is regulated by FCA, UK. I hope it helps.
Kind regards,
Hanna,
OctaFX official representative

OctaFX_Hanna   23 November, 2015

With popularity of FX trading moving higher, the demand for the services of the dealing desks and brokerage companies grows subsequently. Thus, the question of making the right choice of a broker constantly remains on the agenda.

In most cases difficulties are experienced by the forex beginners who are unaware of some aspects of the broker's trading operations, therefore new clients tend to seek help from mature fellow traders. We provide an opportunity of getting acknowledged with professionals' viewpoints and learning about their experience of trading with many various brokers.

Of course, it is not wise to make a final choice of a forex broker based just on other's opinions; however, comments and reviews about OctaFX shed some light on how responsible the brokerage company is, and what is the level of the services offered. When making a choice you may seriously take into consideration the amount of happy or unhappy comments about the broker that you have looked through.

Reviews about OctaFXthat are presented in this section may be of different kind: positive, negative, or neutral. All of them have been checked by our moderators for objectivity, but responsibility for their content remains completely with their authors.

We recommend that forex 'freshmen' read all the reviews carefully before making a final decision about a broker to open an account with.


GMOTrading
Test to the strength of major world indices

The role of major world indices is to serve as a gauge in their countries respective stock market using relative weighted average. They have been significant...

Articles for beginners
HYCM
USD/CAD corrects from 1-year tops

A follow through USD retracement prompts some profit-taking on Friday. A goodish pickup in oil prices underpin Loonie and add to...

USD/CAD forecasts
XM
Euro PMIs expected to lose more steam

The Eurozone will see the release of its preliminary PMI figures for June on Friday, at 0800 GMT. Forecasts suggest the surveys may signal a further slowdown...

Forex Forecasts
Learn How to Trade Forex
Learn How to Trade Forex

Get FXCM New to Forex Trading Guide when you sign-up for a FREE $50k practice account. The guide will explain what the forex market is and why to trade it, as well as the numerous advantages it offers and how it differs from traditional markets. The guide will also help you learn the simple steps and skills you need to make your first trade and become a forex trader. Get started and sign up today!
*Risks regarding foreign exchange trading

FxPro
USD weakens as Supreme Court rules

Markets have maintained the themes from yesterday overnight with the USD showing weakness on the back of poor Philly Fed data. The US Supreme Court...

Forex Reviews
FIBO Group
Analysts divided over rates, pound jumps

The British pound received a much-needed boost today after the latest monetary statement earlier today from the Bank of England fueled expectations...

Market analysis
FIBO Group
Traders Fair and Gala Night exhibition

FIBO Group again invites you to visit the next Traders Fair and Gala Night exhibition which will be held this time in Malaysia capital Kuala Lumpur...

Forex Contests, Competitions & Expos
OctaFX
OctaFX

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...

Regulation: FCA UK

OctaFX trading information


Top forex brokers with reviews


Top 10 Forex Brokers 2018

# Broker Review
1easyMarketseasyMarkets88%
2FXTMFXTM87%
3HYCMHYCM85%
4FIBO GroupFIBO Group80%
5FxProFxPro77%
6FXCMFXCM74%
7Alfa-ForexAlfa-Forex72%
8HotForexHotForex71%
9FP MarketsFP Markets70%
10XMXM69%

Popular Forex Reviews

FXCM

Have been trading with FXCM for several months by now. All in all I'm quite satisfied. I don't get huge profits so far, but I'm still learning the...

Review rating - 5 Review rating

FXTM
FXTM

This is the best broker I've been with so far. Fast and easy withdrawals and deposits on...

Review rating - 5 Review rating

WiseTrader Invests in Knowledge
WiseTrader Invests in Knowledge

WiseTrader believes in the importance of education before you start trading, providing extensive learning tools so that you can make the most effective investment - knowledge. WiseTrader offers a comprehensive education center, which includes live webinars, eBooks on Forex, CFDs and crypto trading and in depth tutorials for beginners and more advanced traders. First invest in yourself, and then then start to trade!

HotForex

I am trading with hotforex since January 2017 and did several withdrawal. Every thing is quite normal and i guess they really worth giving a...

Review rating - 5 Review rating

easyMarkets

I was very impressed with their customer support because they are very professional. I spent a lot of time finding the right broker and I am happy that I finally found easy forex...

Review rating - 5 Review rating

Admiral Markets
Admiral Markets

I've been with Admiral Markets for 4 months now... So far, so good. Definitely a reliable...

Review rating - 5 Review rating

  


Share: