2020 in retrospect: OctaFX looks back on a unique year

22 January, 2021

In the years ahead, many will think about how it was precisely the year 2020 that ushered in serious change across the whole world. Some would come to call it The Great Reset, others would go with the term ‘The New Normal’. In either case, the coronavirus pandemic has shifted circumstances dramatically in the last twelve months. We backed up our clients by improving our trading conditions, for instance, by lowering our spreads.

Endeavours, efforts, and events


This year brought forth many opportunities to help local communities in various countries. We assembled joint aid ventures in Indonesia, Pakistan, and other countries with leading charity foundations and philanthropists to raise funds throughout the year.

Regardless of the intense coronavirus crisis, we also managed to organise a few memorable and festive events as promotional initiatives.

  • OctaFX’s birthday celebrations
  • Our continuous OctaFX 16 Cars trading contest for the best traders among our clients
  • Introducing Broker (IB) promotion—6 contests to win 6 cars.

Improvements and growth


In spite of the tectonic economic shifts, we still had grown our user base by three times compared to 2019, which alone shows how eager people became to learn the art of Forex trading.

We also expanded and curated our educational content, releasing new features online like Forex webinars in several languages. We also experimented with new educational formats and launched a YouTube show about finances and trading, spanning across three countries and three languages.

This year, we upgraded our infrastructure to 16 trading servers, which significantly enhanced our services’ traffic and volume.

Furthermore, we managed to improve and optimise the company’s inner dynamics and workflow to surpass past flaws found in the user experience. These had immediate positive effects on the client’s experience with our services:

  • Out of all client requests for deposits and withdrawals, we managed to process 80% of them within one hour. For 2021 we aim to reach 90%.
  • We added new features, like automated withdrawals within 15 minutes of the request, thanks to the new ‘template option’.
  • We introduced e-wallets across the Asian continent, making transactions much faster.
  • We significantly increased our deposit speeds, throttling the processing time down to 2 – 5 minutes.
  • We added new assets to our trading pool: American and British crude oil (WTI, Brent) and two new cryptocurrencies in Ripple and Bitcoin Cash (XRP, BTH).

What the future holds


We are looking forward to launching our brand new OctaFX Trading App for Apple iOS, and by doing so, we will make our services available to even more people.

Our hope is to uphold the current trend of tapping into new regions and extending our offers further into the African, Asian and European continents for 2021.

Essential gratitude 


Who would have thought twelve months ago, that we find ourselves reviewing the strangest and most uncertain year in recent memory? Nevertheless, we are still here, more assertive and well prepared, thanks to our team and our clients.

We wish you not only happy trading but good health and success for you and your families, for 2021 and well beyond.


Source  
Trade more cryptocurrencies with a higher leverage1 Jan, 2021  

We are thrilled to announce that we've introduced two new cryptocurrencies to MetaTrader 4, MetaTrader 5, and our trading app. In addition to BTC, ETH, and LTC...

Trading schedule changes due to the end of daylight saving time19 Oct, 2020  

The OctaFX team would like to let you know that daylight saving time ends in Europe. Our server time will be changed to EET (Eastern European Time) on Sunday, 25 October...

Indian villages received help during COVID-1911 Jun, 2020  

As the communities around the world are faced with the threats of COVID-19, many businesses and foundations unite to help those in need...


Oil is now available for trading on MetaTrader 49 Jun, 2020  

We are thrilled to announce that you can now trade crude oil CFDs on the MetaTrader 4 platform. All of our clients can take advantage of this highly volatile...

OctaFX is donating 25,000 USD to COVID-19 relief20 Apr, 2020  

OctaFX is a Forex broker implementing online trading services globally since 2011. It offers a state-of-the-art trading experience to over one million users. OctaFX has won more...

COVID-19: unrivaled reductions to spreads31 Mar, 2020  

The fight against COVID-19 has deeply impacted people across the world. We've decided to take action by dramatically lowering spreads while you...


Introducing reductions to spreads25 Mar, 2020  

The fight against COVID-19 has deeply impacted people across the world. We've decided to take action by dramatically lowering spreads while you may...

The Twelfth Man: ICEA Premier League 6 Feb, 2020  

Whenever the opportunity presents itself, we like to become involved with causes that align with our core beliefs. Whether it's local charities...

OctaFX: Year of new achievements8 Jan, 2020  

With 2020 on the verge of concluding, we want to take the time to acknowledge our team and passionate user base for their help in making...

Top 10 Forex Brokers 2021

200+ Forex Brokers
Top 10 Profitable Forex Advisors
The Most Profitable Forex Advisors

Automated trading systems are an opportunity to create passive earnings in the financial markets for all users. Successful and proven strategies are integrated into the algorithm of advisers, which will make it possible to earn on the pricing of assets without delving into the subtleties of technical analysis. We present the Top 10 Forex Advisors including Equilibrium, Excalibur, Night Owl...

Top 10 Forex Advisors 2021

Forex Advisor Yield, %
1Flex300
2Fortnite135
3FX Classic Trader335
4Happy Frequency1163
5FX BlasterPRO180
6Trade Manager65.39
7FXCharger77.31
8Forex Truck246
9Alfa Scalper49.36
10XFXea180
All Forex Advisors
TOP 10 Best Forex Trading Platforms
Best Forex Platforms 2021

A variety of web terminals and specialized software makes a choice of a trading platform a difficult one for a novice trader. What should be this vital decision based on? To begin with, it is necessary to highlight the main criteria that high-quality software must meet for making money on financial markets...

Top 10 Forex Platforms 2021

All Forex Platforms