Octa trading
No, octafx is a no dealing desk (NDD) broker and therefore acts as an intermediary between the trader and the real market.
Free forex bonuses
Octafx review and tutorial 2021
Octafx offers multi-asset trading on a range of platforms and mobile solutions.
Octafx offers leveraged trading on currencies.
Trade popular digital currencies at octafx.
Octafx is a forex, CFD and copy trading broker offering the MT4, MT5 and ctrader platforms. In this broker review, we’ll login to the personal area and uncover the key features, including leverage, demo accounts, regulation and more. Read on to find out if octafx is a good forex broker or not.
Octafx details
Octafx was established in 2011. The company’s headquarters are located in saint vincent and the grenadines, with an additional support office in jakarta, indonesia. The broker’s EU entity, octa markets cyprus ltd, is located in limassol, cyprus, and is regulated by the cysec.
With over 1.5 million trading accounts and a long list of forex industry awards, the founder and owner has ensured the company has amassed a global reach.
Trading platforms
Metatrader 4
The MT4 platform is a trusted software used by both individual traders and institutions, due to its ease of use and flexibility.
The platform allows you to develop your own expert advisors and technical indicators to suit your trading style. In addition to the 30 in-built technical indicators, advanced charting tools allow you to analyse price fluctuations and trends in the market, using 3 customisable chart and graph types.
Note that MT4 is currently only available for non-EU clients.
Octafx metatrader 4
Metatrader 5
MT5 is the next-generation platform that offers all the benefits of its predecessor but with additional speed, accuracy and more advanced features.
Users enjoy 8 types of pending orders, 44 analytical objects including gann and fibonacci retracement, plus additional technical indicators which are unique to MT5, such as trend oscillators and bill williams’ tools. There’s also an economic calendar as well as two major accounting modes for greater flexibility: hedging and netting.
Both platforms come in several languages, including english, arabic and hindi, and are compatible with windows pcs. Octafx provides a useful download guide on the website.
Octafx metatrader 5
Metatrader webtrader
For those using mac pcs, octafx also offers the web terminal version of MT4 and MT5, meaning traders can access the markets straight from an internet browser.
The web platforms are highly functional and customisable, boasting the same features found in the desktop versions, including charting tools, market indicators, scripts and expert advisors, plus access to diverse order types and execution modes.
Ctrader
The ctrader platform is a robust system designed for forex and CFD trading. The platform includes over 26 in-built chart views and up to 50 chart templates on a fully customisable interface. The platform boasts an impressive suite of 70 technical indicators and 28 chart timeframes, plus advanced level scalping and visual back-testing using cbot. With full market depth, traders can also execute advanced online trading strategies as well as programmable algorithms.
The ctrader platform is ready to download from the website once you have completed the registration process. The ctrader web terminal is also available for macos users.
Octafx ctrader
Markets
Octafx offers some of the most popular products, including:
- Forex – 28 currency pairs including EUR/USD and USD/JPY
- Indices – 10 CFD indices available such as US30 and NASDAQ
- Commodities – including spot gold and silver contracts, plus brent and crude oil
- Cryptocurrencies – 3 major digital currencies available; bitcoin, ethereum and litecoin
Trading fees
Typical variable spreads for EUR/USD are around 0.7 pips in both the metatrader and ctrader platforms. Gold spreads (XAUUSD) start from around 2 pips and major indices such as NAS100 are around 3.5 points. Bitcoin spreads (BTCUSD) are around 3.1 pips. Fixed spreads are also available for MT4 USD accounts.
Trading commissions are only charged in the ctrader account, at 0.03 USD per 0.01 lots. There are also rollover rates applied on positions held over 3 days. Details of these fees are listed in the product specifications.
Leverage
Octafx offers generous leverage limits up to 1:500 for currencies in the MT4 and ctrader accounts. Leverage in the MT5 account is available up to 1:200 on currencies. Metals can be leveraged up to 1:200, indices and energies up to 1:50, and cryptocurrencies up to 1:2.
Note that EU clients can only trade with leverage up to 1:30.
Mobile apps
Octafx delivers mobile app versions of the MT4, MT5 and ctrader platforms, available for iphone and android devices. The apps offer many of the essential features found in the desktop applications, including a complete set of orders in metatrader and full balance, margin and P&L information in ctrader. All trading apps come with a customisable mobile interface with clean and accurate trading functions, as well as custom mobile price alerts.
Octafx MT4 mobile app
Octafx (non-EU) also offers a downloadable proprietary copy trading mobile app, currently available only on android (APK) devices. The app allows you to manage and keep track of trading accounts whilst on the go. Users can also activate bonuses, access trader tools and deposit into their accounts. The app download process is quick and can be accessed from the google play store.
Octafx mobile app
Payment methods
Octafx offers a few fast funding methods which vary depending on your origin country, including bank cards, perfect money and bitcoin. Local bank transfers are also available for traders from certain countries, including thailand, india and nigeria.
The minimum withdrawal and deposit amounts are 5 USD for perfect money, 0.00096000 for bitcoin and 50 EUR for cards. All deposits methods are generally processed instantly or within a few minutes.
There are no commissions charged on deposits, withdrawals or currency exchange rates, except for 0.5% on perfect money deposits. The withdrawal time for all methods is 1 to 3 hours to approve and up to 30 minutes to transfer the funds. There is no withdrawal limit on earnings.
Demo account review
Octafx traders can open a demo account which provides the same trading experience as a live account but without risking any real investment. Each demo account is loaded with unlimited demo dollars and opportunities to participate in the broker’s demo contest to be one of the next champions. You can sign up for a free demo account in just a few minutes.
Octafx bonuses & promo codes
Octafx (non-EU) offers several deposit bonus deals, including a 50% bonus and a 100% bonus during special offer periods. In addition, there’s the trade & win promotion where traders can win gifts such as octafx t-shirts or gadgets. There are also contest opportunities, including the octafx 16 cars contest where traders are entered into a car prize draw every 3 months, as well as the champion demo contest 2020 for MT4 users.
Make sure to check all bonus terms and conditions before participating.
Regulation review
Octa markets cyprus ltd is authorised and regulated by the cyprus securities and exchange commission (cysec), under license number 372/18. EU member state residents are therefore protected by strict regulatory standards, including segregated client accounts and protection by the investor compensation fund.
The non-EU entity also claims to provide segregated client accounts to protect trader funds, as well as negative balance protection which ensures that trader account balances never fall below zero.
Additional features
Traders benefit from a range of additional education features and trading tools at octafx, including video tutorials and webinars, plus regular forex market insights and news. The brokerage also offers profit and margin calculators, as well as a forex signal service with the autochartist plugin and live quotes.
Octafx also offers a copy trading service, which is available on the desktop terminal and through the android mobile app. The copy trading services allows clients to automatically copy leading traders based on the equity and leverage of both the master trader and the copier’s accounts.
Octafx economic calendar
Account types
There are 3 account types available at octafx, which are determined by the trading platform you are using: micro (MT4), pro (MT5) and ECN (ctrader). Accounts are available in USD or EUR. The minimum trade volume across all accounts is 0.01 lots and there is no maximum.
The main differences between the accounts is the assets available to trade, the spreads and the minimum deposit amounts. The micro and ECN minimum deposit is 100 USD. The minimum deposit in the pro account is 500 USD. Commissions are also charged in the ECN account.
Account opening is easy and requires the submission of ID documents in line with KYC requirements. In most cases, if your documents are submitted clearly, verification should only take up to 3 hours.
There is also an islamic swap-free account for those worried about whether trading is haram or halal. Note clients from the united states are not accepted at octafx or octa markets cyprus ltd.
Benefits
Traders enjoy several benefits when trading with octafx vs the likes of FBS, IQ option and exness:
- Metatrader and ctrader platforms
- Bonuses and contests (non-EU)
- Commission-free trading
- EU regulation
Drawbacks
Compared to other brokers such as hotforex, XTB and olymptrade, octafx does fall short in some areas:
- Not FCA regulated
- Limited funding methods
- Zero pip spreads unavailable
- No copy trading on ios devices
Trading hours
Trading times in the MT4 and MT5 platforms are 24/5, from 00:00 on monday to 23:59 on friday server time (EET/EST). The ctrader server time zone is UTC +0, though you can set other time zones, such as GMT, for charts and trading information.
Customer support
For telephone support, non-EU clients can contact the helpline, +44 20 3322 1059, between 00:00 and 24:00, monday to friday (EET). For EU clients, the number to call is +357 25 251 973 between 09:00 and 18:00, monday to friday (EET).
There is also an email form, however, the fastest way to get in touch is via the 24/7 live chat service, which you can access by clicking on the chat logo at the bottom of the website. The support team are helpful if you need to know your withdrawal pin, any platform problems, VPS questions, or you want to delete an account.
In addition, you can find updates on the broker’s social media pages, as well as the octafx youtube channel.
The broker’s head office addresses are:
- Octafx, suite 305, griffith corporate centre, beachmont, kingstown, st vincent and the grenadines
- Octa markets cyprus ltd, 1 agias zonis and thessalonikis corner, nicolau pentadromos center, block: B’, office: 201, 3026, limassol, cyprus
The broker’s website is available in a number of languages for clients from indonesia, malaysia, pakistan and india.
Security
Octafx uses 128-bit SSL encryption and PIN codes in the personal area and trading platforms, which is the industry-standard security requirement for protecting personal data. The broker also applies 3D secure visa authorisation when processing credit and debit card transactions.
Octafx verdict
Octafx offers a promising trading service for novices and experienced traders, with a choice of metatrader or ctrader platforms as well as the copytrading app. The broker offers fee-free deposits and withdrawals, plus islamic accounts and a demo solution. The ECN spreads are also decent, though not as competitive as the zero spread accounts offered at other brokers like XM, for example.
Accepted countries
Octafx accepts traders from australia, thailand, canada, united kingdom, south africa, singapore, hong kong, india, france, germany, norway, sweden, italy, denmark, united arab emirates, saudi arabia, kuwait, luxembourg, qatar and most other countries.
Traders can not use octafx from united states.
Is octafx a legit company and regulated broker?
Octafx is a legit company registered in saint vincent and the grenadines. The EU entity is registered in limassol, cyprus and regulated by cysec. If you’re unsure whether a broker is a scam or legit company, you can always check out customer reviews online.
Is octafx a market maker?
No, octafx is a no dealing desk (NDD) broker and therefore acts as an intermediary between the trader and the real market. Octafx receives commissions from its liquidity providers for each transaction.
How do I delete my octafx account?
To delete your account, you will need to get in touch with the customer support team. Note accounts are automatically deactivated if you never deposit or sign in to them.
How do I open a copytrading account at octafx?
You can sign up and login to the copytrading account in a few easy steps. Once you login to your personal area, you can set up your copytrading profile and make a deposit to your wallet. You can also sign in to your new account using the android app.
Why was my octafx withdrawal rejected?
If you encounter a withdrawal problem, you will receive a notification in your email explaining the issue. Alternatively, if you need to cancel a withdrawal, you can do this within your personal area.
Does octafx offer any free bonus deals?
At the time of writing, octafx is not offering any free bonus deals, no deposit bonus deals or promo codes. There are other promotions available for non-EU clients. Make sure to check the bonus conditions before participating.
Is octafx legal in india and pakistan?
Yes, you can legally open an octafx account from 100 countries, including india, pakistan, singapore, ghana and the UAE.
Octafx_official
About me octafx makes forex and CFD trading accessible for everyone. Ultra-low spreads and no commissions allow traders earn more with octafx than with other brokers.
Ethereum is struggling to recover above the $150.00 resistance level, following last weeks sudden drop towards the $135.00 support zone. ETHUSD bulls need to rally the cryptocurrency above the $170.00 level to change the short-term bearish outlook. Ethereum continues to have a high correlation to bitcoin and could trade sideways until BTCUSD bulls return. • if.
The euro has started to firm test towards the 1.1100 level against the greenback as expected, following another round of weakness in the US dollar index. Buyers now need to rally the EURUSD pair above the 1.1110 resistance level to provoke a major technical breakout. Overall, buying any dips lower in the EURUSD pair appears to be the best option while the US.
The US dollar remains under downside pressure against the japanese yen, following the release of more weak data from the US economy. From a technical perspective, the USDJPY pair is extremely weak while trading below the 108.60 support level. Going forward, a break under the 108.20 level exposes the USDJPY pair to heavy technical selling towards the 107.50 level.
Bitcoin is starting to push lower in early wednesday trade after the buyers failed to gain traction above the $7,300 level earlier this week. A bearish head and shoulders pattern remains valid on the lower time frames while price trades below the $7,800 level. Overall, traders may use any pullbacks in price as a chance to short the BTCUSD pair, with the $6,600.
The british pound has moved to fresh six-week trading high against the US dollar, with the pair moving above the psychological 1.3000 level. Buyers need to hold price above the 1.3000 level to maintain the bullish medium-term range breakout. The GBPUSD pair could easily advance towards the 1.3100 level at this stage, with the 1.3200 level the ultimate upside.
The US dollar has fallen back under the 108.90 level against the japanese yen currency, making the pair technically bearish over the short-term. Continued weakness under this key area could provoke further losses towards the 108.20 level. The USDJPY pair could capitulate to technical selling if the 108.20 support level is broken. • the USDJPY pair is only.
The british pound is firming above the 1.2940 level against the US dollar as the greenback comes under a fresh round of selling pressure. A sustained break above the 1.2960 resistance level exposes a potential technical test of the psychological 1.3000 level. Once above the 1.3000 level, the GBPUSD pair could quickly trade higher, with the 1.3200 resistance level.
Litecoin has failed to receive buying interest above the $50.00 resistance level, placing the emphasis on further downside. With the broader cryptocurrency market remaining under pressure, traders should be aware that a quick drop towards the $36.00 level could occur. Overall, only a sustained move above the $57.00 resistance level can change the short-term.
The euro is rising against the US dollar, following comments from US president donald trump surrounding more interest rate cuts from the federal reserve and weak US data. The EURUSD pair needs to hold price above the 1.1045 level to encourage fresh technical buying interest. A daily price close above the 1.1075 resistance level should be considered bullish for the.
The british pound continues to firm above the 1.2900 level against the US dollar, following a bullish weekly and monthly price close. Technical analysis shows that GBPUSD buyers have the upper hand while price closes above the 1.2890 level on a daily basis. Risk-averse traders may await a move above the 1.3000 level in order to confirm a range break and a.
The euro is trading back above the 1.1000 level against the US dollar after the pair bounced fairly sharply from the 1.0980 level on friday. A daily price above the 1.1070 level is now needed to confirm that a major technical bottom is in place for the EURUSD. Looking at the downside potential, a daily price close under the 1.0990 level should encourage bears to.
Bitcoin is under slight downside pressure in early week trade after being technically rejected just before the $8,000 resistance level. The BTCUSD pair was rejected from the top of a large falling wedge pattern on the daily time frame, currently located around the $7,800 level. Going, buyers need to maintain daily price closes above the $7,300 level to encourage.
Litecoin remains vulnerable to further downside on the cryptocurrency market as buyers struggle to reclaim the $50.00 resistance level. The LTCUSD pair still has the potential to fall towards the $36.00 level before medium-term buyers start to move. A sustained rally above the $50.00 level could see the LTCUSD pair testing back towards the technically important.
The euro has once again been rejected from the 1.1020 resistance level against the US dollar, as short-term buyers fail to take back control of the pair. A bullish double-bottom is still in place, although the EURUSD pair could break the november if weakness under the 1.1000 level persists. Going forward, a sustained breakout from the 1.0990 to 1.1020 trading.
The US dollar continues to target towards 110.00 level against the japanese yen as the greenback remains well-supported across the board. The recent high around the 109.60 level provided a signal that the USDJPY intends to push higher over the shor-term. The 110.90 level could be the overall upside objective for medium-term bulls if the 110.00 resistance level is.
The euro currency remains at risk of further losses against the US dollar, with the pair continuing to make bearish daily lower price lows. Going forward, a sustained loss of the 1.0990 support level would be extremely bearish for the EURUSD pair this week. At present, a daily price close above the 1.1070 level is needed to confirm that a new short-term bullish.
The british pound has staged a strong rebound from the 1.2830 level against the US dollar after selles failed to break under the current weekly trading low. Going forward, a series of bullish price close is needed above the 1.2900 level is needed to encourage medium-term buying. A new high above the important 1.2960 level would also be extremely bullish for the.
Bitcoin has staged a strong bounce back from its recent dip under the $7,000 level, with bulls performing a solid breakout above the $7,400 level. Short-term technical analysis shows that a recovery above the $7,400 level could lead to a rally back towards the $8,000 level. Only a sustained decline below the recent swing-low, at $6,850 can negate the possibility.
Octafx review and tutorial 2021
Octafx offers multi-asset trading on a range of platforms and mobile solutions.
Octafx offers leveraged trading on currencies.
Trade popular digital currencies at octafx.
Octafx is a forex, CFD and copy trading broker offering the MT4, MT5 and ctrader platforms. In this broker review, we’ll login to the personal area and uncover the key features, including leverage, demo accounts, regulation and more. Read on to find out if octafx is a good forex broker or not.
Octafx details
Octafx was established in 2011. The company’s headquarters are located in saint vincent and the grenadines, with an additional support office in jakarta, indonesia. The broker’s EU entity, octa markets cyprus ltd, is located in limassol, cyprus, and is regulated by the cysec.
With over 1.5 million trading accounts and a long list of forex industry awards, the founder and owner has ensured the company has amassed a global reach.
Trading platforms
Metatrader 4
The MT4 platform is a trusted software used by both individual traders and institutions, due to its ease of use and flexibility.
The platform allows you to develop your own expert advisors and technical indicators to suit your trading style. In addition to the 30 in-built technical indicators, advanced charting tools allow you to analyse price fluctuations and trends in the market, using 3 customisable chart and graph types.
Note that MT4 is currently only available for non-EU clients.
Octafx metatrader 4
Metatrader 5
MT5 is the next-generation platform that offers all the benefits of its predecessor but with additional speed, accuracy and more advanced features.
Users enjoy 8 types of pending orders, 44 analytical objects including gann and fibonacci retracement, plus additional technical indicators which are unique to MT5, such as trend oscillators and bill williams’ tools. There’s also an economic calendar as well as two major accounting modes for greater flexibility: hedging and netting.
Both platforms come in several languages, including english, arabic and hindi, and are compatible with windows pcs. Octafx provides a useful download guide on the website.
Octafx metatrader 5
Metatrader webtrader
For those using mac pcs, octafx also offers the web terminal version of MT4 and MT5, meaning traders can access the markets straight from an internet browser.
The web platforms are highly functional and customisable, boasting the same features found in the desktop versions, including charting tools, market indicators, scripts and expert advisors, plus access to diverse order types and execution modes.
Ctrader
The ctrader platform is a robust system designed for forex and CFD trading. The platform includes over 26 in-built chart views and up to 50 chart templates on a fully customisable interface. The platform boasts an impressive suite of 70 technical indicators and 28 chart timeframes, plus advanced level scalping and visual back-testing using cbot. With full market depth, traders can also execute advanced online trading strategies as well as programmable algorithms.
The ctrader platform is ready to download from the website once you have completed the registration process. The ctrader web terminal is also available for macos users.
Octafx ctrader
Markets
Octafx offers some of the most popular products, including:
- Forex – 28 currency pairs including EUR/USD and USD/JPY
- Indices – 10 CFD indices available such as US30 and NASDAQ
- Commodities – including spot gold and silver contracts, plus brent and crude oil
- Cryptocurrencies – 3 major digital currencies available; bitcoin, ethereum and litecoin
Trading fees
Typical variable spreads for EUR/USD are around 0.7 pips in both the metatrader and ctrader platforms. Gold spreads (XAUUSD) start from around 2 pips and major indices such as NAS100 are around 3.5 points. Bitcoin spreads (BTCUSD) are around 3.1 pips. Fixed spreads are also available for MT4 USD accounts.
Trading commissions are only charged in the ctrader account, at 0.03 USD per 0.01 lots. There are also rollover rates applied on positions held over 3 days. Details of these fees are listed in the product specifications.
Leverage
Octafx offers generous leverage limits up to 1:500 for currencies in the MT4 and ctrader accounts. Leverage in the MT5 account is available up to 1:200 on currencies. Metals can be leveraged up to 1:200, indices and energies up to 1:50, and cryptocurrencies up to 1:2.
Note that EU clients can only trade with leverage up to 1:30.
Mobile apps
Octafx delivers mobile app versions of the MT4, MT5 and ctrader platforms, available for iphone and android devices. The apps offer many of the essential features found in the desktop applications, including a complete set of orders in metatrader and full balance, margin and P&L information in ctrader. All trading apps come with a customisable mobile interface with clean and accurate trading functions, as well as custom mobile price alerts.
Octafx MT4 mobile app
Octafx (non-EU) also offers a downloadable proprietary copy trading mobile app, currently available only on android (APK) devices. The app allows you to manage and keep track of trading accounts whilst on the go. Users can also activate bonuses, access trader tools and deposit into their accounts. The app download process is quick and can be accessed from the google play store.
Octafx mobile app
Payment methods
Octafx offers a few fast funding methods which vary depending on your origin country, including bank cards, perfect money and bitcoin. Local bank transfers are also available for traders from certain countries, including thailand, india and nigeria.
The minimum withdrawal and deposit amounts are 5 USD for perfect money, 0.00096000 for bitcoin and 50 EUR for cards. All deposits methods are generally processed instantly or within a few minutes.
There are no commissions charged on deposits, withdrawals or currency exchange rates, except for 0.5% on perfect money deposits. The withdrawal time for all methods is 1 to 3 hours to approve and up to 30 minutes to transfer the funds. There is no withdrawal limit on earnings.
Demo account review
Octafx traders can open a demo account which provides the same trading experience as a live account but without risking any real investment. Each demo account is loaded with unlimited demo dollars and opportunities to participate in the broker’s demo contest to be one of the next champions. You can sign up for a free demo account in just a few minutes.
Octafx bonuses & promo codes
Octafx (non-EU) offers several deposit bonus deals, including a 50% bonus and a 100% bonus during special offer periods. In addition, there’s the trade & win promotion where traders can win gifts such as octafx t-shirts or gadgets. There are also contest opportunities, including the octafx 16 cars contest where traders are entered into a car prize draw every 3 months, as well as the champion demo contest 2020 for MT4 users.
Make sure to check all bonus terms and conditions before participating.
Regulation review
Octa markets cyprus ltd is authorised and regulated by the cyprus securities and exchange commission (cysec), under license number 372/18. EU member state residents are therefore protected by strict regulatory standards, including segregated client accounts and protection by the investor compensation fund.
The non-EU entity also claims to provide segregated client accounts to protect trader funds, as well as negative balance protection which ensures that trader account balances never fall below zero.
Additional features
Traders benefit from a range of additional education features and trading tools at octafx, including video tutorials and webinars, plus regular forex market insights and news. The brokerage also offers profit and margin calculators, as well as a forex signal service with the autochartist plugin and live quotes.
Octafx also offers a copy trading service, which is available on the desktop terminal and through the android mobile app. The copy trading services allows clients to automatically copy leading traders based on the equity and leverage of both the master trader and the copier’s accounts.
Octafx economic calendar
Account types
There are 3 account types available at octafx, which are determined by the trading platform you are using: micro (MT4), pro (MT5) and ECN (ctrader). Accounts are available in USD or EUR. The minimum trade volume across all accounts is 0.01 lots and there is no maximum.
The main differences between the accounts is the assets available to trade, the spreads and the minimum deposit amounts. The micro and ECN minimum deposit is 100 USD. The minimum deposit in the pro account is 500 USD. Commissions are also charged in the ECN account.
Account opening is easy and requires the submission of ID documents in line with KYC requirements. In most cases, if your documents are submitted clearly, verification should only take up to 3 hours.
There is also an islamic swap-free account for those worried about whether trading is haram or halal. Note clients from the united states are not accepted at octafx or octa markets cyprus ltd.
Benefits
Traders enjoy several benefits when trading with octafx vs the likes of FBS, IQ option and exness:
- Metatrader and ctrader platforms
- Bonuses and contests (non-EU)
- Commission-free trading
- EU regulation
Drawbacks
Compared to other brokers such as hotforex, XTB and olymptrade, octafx does fall short in some areas:
- Not FCA regulated
- Limited funding methods
- Zero pip spreads unavailable
- No copy trading on ios devices
Trading hours
Trading times in the MT4 and MT5 platforms are 24/5, from 00:00 on monday to 23:59 on friday server time (EET/EST). The ctrader server time zone is UTC +0, though you can set other time zones, such as GMT, for charts and trading information.
Customer support
For telephone support, non-EU clients can contact the helpline, +44 20 3322 1059, between 00:00 and 24:00, monday to friday (EET). For EU clients, the number to call is +357 25 251 973 between 09:00 and 18:00, monday to friday (EET).
There is also an email form, however, the fastest way to get in touch is via the 24/7 live chat service, which you can access by clicking on the chat logo at the bottom of the website. The support team are helpful if you need to know your withdrawal pin, any platform problems, VPS questions, or you want to delete an account.
In addition, you can find updates on the broker’s social media pages, as well as the octafx youtube channel.
The broker’s head office addresses are:
- Octafx, suite 305, griffith corporate centre, beachmont, kingstown, st vincent and the grenadines
- Octa markets cyprus ltd, 1 agias zonis and thessalonikis corner, nicolau pentadromos center, block: B’, office: 201, 3026, limassol, cyprus
The broker’s website is available in a number of languages for clients from indonesia, malaysia, pakistan and india.
Security
Octafx uses 128-bit SSL encryption and PIN codes in the personal area and trading platforms, which is the industry-standard security requirement for protecting personal data. The broker also applies 3D secure visa authorisation when processing credit and debit card transactions.
Octafx verdict
Octafx offers a promising trading service for novices and experienced traders, with a choice of metatrader or ctrader platforms as well as the copytrading app. The broker offers fee-free deposits and withdrawals, plus islamic accounts and a demo solution. The ECN spreads are also decent, though not as competitive as the zero spread accounts offered at other brokers like XM, for example.
Accepted countries
Octafx accepts traders from australia, thailand, canada, united kingdom, south africa, singapore, hong kong, india, france, germany, norway, sweden, italy, denmark, united arab emirates, saudi arabia, kuwait, luxembourg, qatar and most other countries.
Traders can not use octafx from united states.
Is octafx a legit company and regulated broker?
Octafx is a legit company registered in saint vincent and the grenadines. The EU entity is registered in limassol, cyprus and regulated by cysec. If you’re unsure whether a broker is a scam or legit company, you can always check out customer reviews online.
Is octafx a market maker?
No, octafx is a no dealing desk (NDD) broker and therefore acts as an intermediary between the trader and the real market. Octafx receives commissions from its liquidity providers for each transaction.
How do I delete my octafx account?
To delete your account, you will need to get in touch with the customer support team. Note accounts are automatically deactivated if you never deposit or sign in to them.
How do I open a copytrading account at octafx?
You can sign up and login to the copytrading account in a few easy steps. Once you login to your personal area, you can set up your copytrading profile and make a deposit to your wallet. You can also sign in to your new account using the android app.
Why was my octafx withdrawal rejected?
If you encounter a withdrawal problem, you will receive a notification in your email explaining the issue. Alternatively, if you need to cancel a withdrawal, you can do this within your personal area.
Does octafx offer any free bonus deals?
At the time of writing, octafx is not offering any free bonus deals, no deposit bonus deals or promo codes. There are other promotions available for non-EU clients. Make sure to check the bonus conditions before participating.
Is octafx legal in india and pakistan?
Yes, you can legally open an octafx account from 100 countries, including india, pakistan, singapore, ghana and the UAE.
Octafx_official
About me octafx makes forex and CFD trading accessible for everyone. Ultra-low spreads and no commissions allow traders earn more with octafx than with other brokers.
Ethereum is struggling to recover above the $150.00 resistance level, following last weeks sudden drop towards the $135.00 support zone. ETHUSD bulls need to rally the cryptocurrency above the $170.00 level to change the short-term bearish outlook. Ethereum continues to have a high correlation to bitcoin and could trade sideways until BTCUSD bulls return. • if.
The euro has started to firm test towards the 1.1100 level against the greenback as expected, following another round of weakness in the US dollar index. Buyers now need to rally the EURUSD pair above the 1.1110 resistance level to provoke a major technical breakout. Overall, buying any dips lower in the EURUSD pair appears to be the best option while the US.
The US dollar remains under downside pressure against the japanese yen, following the release of more weak data from the US economy. From a technical perspective, the USDJPY pair is extremely weak while trading below the 108.60 support level. Going forward, a break under the 108.20 level exposes the USDJPY pair to heavy technical selling towards the 107.50 level.
Bitcoin is starting to push lower in early wednesday trade after the buyers failed to gain traction above the $7,300 level earlier this week. A bearish head and shoulders pattern remains valid on the lower time frames while price trades below the $7,800 level. Overall, traders may use any pullbacks in price as a chance to short the BTCUSD pair, with the $6,600.
The british pound has moved to fresh six-week trading high against the US dollar, with the pair moving above the psychological 1.3000 level. Buyers need to hold price above the 1.3000 level to maintain the bullish medium-term range breakout. The GBPUSD pair could easily advance towards the 1.3100 level at this stage, with the 1.3200 level the ultimate upside.
The US dollar has fallen back under the 108.90 level against the japanese yen currency, making the pair technically bearish over the short-term. Continued weakness under this key area could provoke further losses towards the 108.20 level. The USDJPY pair could capitulate to technical selling if the 108.20 support level is broken. • the USDJPY pair is only.
The british pound is firming above the 1.2940 level against the US dollar as the greenback comes under a fresh round of selling pressure. A sustained break above the 1.2960 resistance level exposes a potential technical test of the psychological 1.3000 level. Once above the 1.3000 level, the GBPUSD pair could quickly trade higher, with the 1.3200 resistance level.
Litecoin has failed to receive buying interest above the $50.00 resistance level, placing the emphasis on further downside. With the broader cryptocurrency market remaining under pressure, traders should be aware that a quick drop towards the $36.00 level could occur. Overall, only a sustained move above the $57.00 resistance level can change the short-term.
The euro is rising against the US dollar, following comments from US president donald trump surrounding more interest rate cuts from the federal reserve and weak US data. The EURUSD pair needs to hold price above the 1.1045 level to encourage fresh technical buying interest. A daily price close above the 1.1075 resistance level should be considered bullish for the.
The british pound continues to firm above the 1.2900 level against the US dollar, following a bullish weekly and monthly price close. Technical analysis shows that GBPUSD buyers have the upper hand while price closes above the 1.2890 level on a daily basis. Risk-averse traders may await a move above the 1.3000 level in order to confirm a range break and a.
The euro is trading back above the 1.1000 level against the US dollar after the pair bounced fairly sharply from the 1.0980 level on friday. A daily price above the 1.1070 level is now needed to confirm that a major technical bottom is in place for the EURUSD. Looking at the downside potential, a daily price close under the 1.0990 level should encourage bears to.
Bitcoin is under slight downside pressure in early week trade after being technically rejected just before the $8,000 resistance level. The BTCUSD pair was rejected from the top of a large falling wedge pattern on the daily time frame, currently located around the $7,800 level. Going, buyers need to maintain daily price closes above the $7,300 level to encourage.
Litecoin remains vulnerable to further downside on the cryptocurrency market as buyers struggle to reclaim the $50.00 resistance level. The LTCUSD pair still has the potential to fall towards the $36.00 level before medium-term buyers start to move. A sustained rally above the $50.00 level could see the LTCUSD pair testing back towards the technically important.
The euro has once again been rejected from the 1.1020 resistance level against the US dollar, as short-term buyers fail to take back control of the pair. A bullish double-bottom is still in place, although the EURUSD pair could break the november if weakness under the 1.1000 level persists. Going forward, a sustained breakout from the 1.0990 to 1.1020 trading.
The US dollar continues to target towards 110.00 level against the japanese yen as the greenback remains well-supported across the board. The recent high around the 109.60 level provided a signal that the USDJPY intends to push higher over the shor-term. The 110.90 level could be the overall upside objective for medium-term bulls if the 110.00 resistance level is.
The euro currency remains at risk of further losses against the US dollar, with the pair continuing to make bearish daily lower price lows. Going forward, a sustained loss of the 1.0990 support level would be extremely bearish for the EURUSD pair this week. At present, a daily price close above the 1.1070 level is needed to confirm that a new short-term bullish.
The british pound has staged a strong rebound from the 1.2830 level against the US dollar after selles failed to break under the current weekly trading low. Going forward, a series of bullish price close is needed above the 1.2900 level is needed to encourage medium-term buying. A new high above the important 1.2960 level would also be extremely bullish for the.
Bitcoin has staged a strong bounce back from its recent dip under the $7,000 level, with bulls performing a solid breakout above the $7,400 level. Short-term technical analysis shows that a recovery above the $7,400 level could lead to a rally back towards the $8,000 level. Only a sustained decline below the recent swing-low, at $6,850 can negate the possibility.
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Cryptocurrency news at octafx: trading upgrades and new entries (BCH & XRP)
Right on time, if you consider the current cryptocurrency bull market and bitcoin itself, reaching an all-time high of $24,209 on 20 december 2020. Many altcoins have already had decisive price runs, whereas the blockchain community expects other altcoins to have theirs very soon.
After the american cryptocurrency ripple just had an impressive run, octafx deemed it the right time to add this crypto asset to its trading pool. Just to remind anyone who missed last month’s news: ripple jumped from the beginning of november to 25 november 2020, from $0.239 to $0.692: an increase of almost 300% in the course of merely twenty days.
The second entry is bitcoin cash. Brought to life in 2017 by a hard fork from the original bitcoin, it managed to assert its own position on the market. In the course of the last three years, it was trading in price ranges down from $75 and up to $4,355.
Both ripple, as well as bitcoin cash, will be available to trade on octafx via the platforms metatrader 4 and metatrader 5.
Another significant upgrade concerns the cryptocurrencies already in use at octafx, like bitcoin (BTC), litecoin (LTC) and ethereum (ETH): where there was leverage to trade them at the ratio of 1:2, soon the forex broker will introduce leverage of up to 1:10. A meaningful incentive to trade more actively with these new assets.
Octafx is a forex broker providing online trading services worldwide since 2011. It offers a state-of-the-art trading experience to more than 3.5 million traders. Octafx has won more than 30 awards since its foundation, including the best ECN broker 2020 award from world finance.
Octafx a trading style of octa markets incorporated
We believe this firm has been providing financial services or products in the UK without our authorisation. Find out why to be especially wary of dealing with this unauthorised firm and how to protect yourself from scammers.
Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us.
However, some firms act without our authorisation and some knowingly run investment scams.
This firm is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorisation.
Octafx a trading style of octa markets incorporated
Address: suite 305, griffith corporate centre, beachmont, kingstown, st. Vincent and the grenadines
Website: www.Octafx.Com
Instagram: @octafx_official
Twitter: @octafx
Facebook: www.Facebook.Com/octafx
Youtube: www.Youtube.Com/user/octafx
Be aware that scammers may give out other false details or change their contact details over time to new email addresses, telephone numbers or physical addresses.
How to protect yourself
We strongly advise you to only deal with financial firms that are authorised by us, and check the financial services register to ensure they are. It has information on firms and individuals that are, or have been, regulated by us.
If a firm does not appear on the register but claims it does, contact our consumer helpline on 0800 111 6768.
There are more steps you should take to avoid scams and unauthorised firms.
If you use an unauthorised firm, you won’t have access to the financial ombudsman service or financial services compensation scheme (FSCS) so you’re unlikely to get your money back if things go wrong.
If you use an authorised firm, access to the financial ombudsman service and FSCS protection will depend on the investment you are making and the service the firm is providing. If you would like further information about protection, the authorised firm should be able to help.
Report an unauthorised firm
If you think you have been approached by an unauthorised firm or contacted about a scam, you should contact our consumer helpline on 0800 111 6768. If you were offered, bought or sold shares, you can use our reporting form.
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Contents of the article
- Free forex bonuses
- Octafx review and tutorial 2021
- Octafx details
- Trading platforms
- Markets
- Trading fees
- Leverage
- Mobile apps
- Payment methods
- Demo account review
- Octafx bonuses & promo codes
- Regulation review
- Additional features
- Account types
- Benefits
- Drawbacks
- Trading hours
- Customer support
- Security
- Octafx verdict
- Accepted countries
- Is octafx a legit company and regulated broker?
- Is octafx a market maker?
- How do I delete my octafx account?
- How do I open a copytrading account at octafx?
- Why was my octafx withdrawal rejected?
- Does octafx offer any free bonus deals?
- Is octafx legal in india and pakistan?
- Octafx_official
- Octafx review and tutorial 2021
- Octafx details
- Trading platforms
- Markets
- Trading fees
- Leverage
- Mobile apps
- Payment methods
- Demo account review
- Octafx bonuses & promo codes
- Regulation review
- Additional features
- Account types
- Benefits
- Drawbacks
- Trading hours
- Customer support
- Security
- Octafx verdict
- Accepted countries
- Is octafx a legit company and regulated broker?
- Is octafx a market maker?
- How do I delete my octafx account?
- How do I open a copytrading account at octafx?
- Why was my octafx withdrawal rejected?
- Does octafx offer any free bonus deals?
- Is octafx legal in india and pakistan?
- Octafx_official
- Octafx a trading style of octa markets...
- How to protect yourself
- Report an unauthorised firm
- Trade with a regulated broker that adheres to...
- Explore our platforms
- Mobile and desktop trading on demo accounts
- Cryptocurrency news at octafx: trading upgrades...
- Octafx a trading style of octa markets...
- How to protect yourself
- Report an unauthorised firm
- Octa trading
- We are here to grow your investments
- Our process
- Our commitment
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