Octafx forex

Octafx uses the most up-to-date technology and knowledge to make your forex trading experience incredibly convenient.

Free forex bonuses

Our top goal is the trust and satisfaction of each client’s needs and requirements. Octafx sets the highest service level standards and maintains them, as well as constantly developing new services and promotions. Octa markets incorporated is a forex broker recognized worldwide. Octafx provides forex brokerage services to its clients in over 100 countries around the world.

Octafx

Octa markets incorporated is a forex broker recognized worldwide. Octafx provides forex brokerage services to its clients in over 100 countries around the world.

Octafx uses the most up-to-date technology and knowledge to make your forex trading experience incredibly convenient. Our top goal is the trust and satisfaction of each client’s needs and requirements. Octafx sets the highest service level standards and maintains them, as well as constantly developing new services and promotions.

Octa markets incorporated was registered in 2011 in saint vincent and the grenadines under license number 19776 IBC 2011. The company’s legal and correspondence address is cedar hill crest, P.O. Box 1825, villa, st. Vincent and the grenadines. Octafx acts in full compliance with international legislation and regulation standards. We strongly believe that honesty is the best policy. You can review customer documents as well as AML policy and other important legal documents in the legal agreements section at www.Octafx.Com.

Octafx has developed a variety of options to make your forex trading even more convenient. We offer live ECN accounts as well as micro accounts. The lowest spreads, real-time market execution and true ECN offset are among the top advantages of octafx.

You can also learn how to trade forex with our education section. FAQ section provides answers to most popular questions about forex trading, glossary covers every vital term you need to know, while manuals comprise a set of useful links for those who would like to make the most of using a certain trading platform. Articles in forex basics section from octafx leading experts will tell you which steps you need to take to start trading, and also will expand your knowledge on forex trading sessions, fundamental and technical analysis, trading strategies and risk management.

Octafx is indeed a client-oriented company. This said, we are working hard to further improve our services. Stability, perfection and close attention to detail 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.

Octafx review

Octafx is a forex broker. Octa FX offers the MT4, MT5 and ctrader forex trading top platform. Octafx.Com offers over 25 forex currency pairs, cfds, commodities, stocks, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.

Broker details

deposit methods:

VISA, awepay, bitcoin, fasapay, local bank deposits, local bank transfers, neteller, paytm, skrill, unionpay

withdrawal methods:

VISA, awepay, bitcoin, fasapay, local bank transfers, neteller, paytm, skrill, unionpay

Live discussion

Join live discussion of octafx.Com on our forum

Octafx.Com profile provided by john, may 29, 2012

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.

Video

Let other traders know if this service is worth checking or should be avoided.

Traders reviews

Length of use: over 1 year

Thank you for taking the time to reach out and share your experience with us. We deeply regret that you experienced trouble depositing your funds. After looking into your review, we can confirm that an error had occurred before your payment was processed. Our financial department is currently investigating it, and we'll make sure to keep you updated throughout the process.

Please note that there are many reasons why a transaction could fail. And in cases where your payment was unsuccessful, it’s essential to contact us as soon as possible, as it might require a thorough investigation by our financial department. We want to assure you that you shouldn’t be discouraged, as we’re certain that our team will be able to locate the payment and resolve the issue you’ve experienced.

We appreciate your patience and please, remember that you can get in touch with us anytime to receive an update on the progress. We’re always happy to help our customers and provide them with the necessary information.

We hope that this issue will not affect your overall experience and you’ll enjoy trading with us once again.

DISCLAIMER: this review is not to state that octafx is the best broker in the world. I've traded with a lot of brokers and never had problems with any of them, with respect to deposit and withdrawals.

Herein are the list of transactions that I did on my account with octafx. It has the ID, time the request was created, and the time it was processed.

DEPOSIT
deposit ID 4703156
created dec 27, 2020 03:23 PM
processed on dec 27, 2020 03:50 PM

WITHDRAWALS
withdrawal ID 1930065
created dec 30, 2020 11:51 AM
processed on dec 30, 2020 12:17 PM

Withdrawal ID 1927033
created dec 29, 2020 08:00 PM
processed on dec 29, 2020 09:42 PM

Withdrawal ID 1920756
created dec 28, 2020 05:53 PM
processed on dec 28, 2020 09:43 PM

Withdrawal ID 1919630
created dec 28, 2020 03:09 PM
processed on dec 28, 2020 03:24 PM

SUMMARY:
I made the deposit to their GTB nigeria account, and made withdrawals to my GTB account. This might be the reason why I never had issues with them.

I'll advise traders to ask them [octafx] questions when they have issues, and be ready to hear and understand.

Thank you for such great feedback. We appreciate you taking the time to share it with our community and giving us one more reason to be proud of the work we’re doing with our team. We’re sure they will be excited to read your review, too, as they do their best to ensure fast and secure payment services.

Please send us a direct message if you have other questions or suggestions. Our team is always here to help, and we'll be more than happy to chat whenever you have time for us.

Deposit take less than 1sec
withdrawal take forever.

If you guys want to withdraw the money. Please do 1 year in advance

Thank you for reaching out and sharing your feelings with us. We're sorry to read about your dissatisfaction with our processing times. Please let us remind you that all withdrawal requests at octafx are processed within a few business hours. However, when our financial department handles a high number of requests, in rare cases, we ask to allow extra time, but it does not exceed 24 hours overall.

Please note that since you didn't provide your trading account number, we couldn't look into your previous requests. However, we wish to assure you that we always strive to improve our services and reduce the processing time. We also want you to know that if your payment is delayed or you feel like it’s taking longer than it should, you can send us a message in the live chat available on the website. Our team will be more than happy to update you on your request status.

We’re looking to hearing from you, so please don’t hesitate to get in touch with us anytime. Our team is available 24/7, and they're always here to help you whenever you need it.

Thank you for letting us know about the problem. We deeply regret that you were having a hard time trying to deposit, and you couldn't reach out to our support team. Unfortunately, we couldn't identify you on our system and look into your previous inquiries since you didn't provide your account details in your review. If you could contact us directly and share this information with our team, it will help us investigate the issue and understand what happened with your payment.

Please note that generally, it takes a couple of hours for bank transfers to be processed. However, we ask you to allow us extra time when our financial department handles a high number of requests. There could be different causes of why your payment is delayed and not reflected in your account. This requires an investigation, and we strongly encourage you to send us your payment proof if your deposit wasn't credited into your account after 24 hours have passed. These actions could help our team look up your payment and process it.

In the meantime, don’t forget that our team composes of real agents committed to helping you whenever you need it, so please contact us after reading this reply. We’ll make sure to find your payment as soon as possible and keep you updated.

Bank negara malaysia

Length of use: over 1 year

Thank you for reaching out and bringing this question to our attention. Unfortunately, we couldn't identify you on our system and look into your review since you didn't provide any details about your trading account or the bank you were using at the time. We’d really appreciate it if you could get in touch with our team and share the necessary details to help us find out what happened and investigate the matter.

We also want to remind you that our support team is always here to help you. They're available 24/7, and we'll be more than happy to hear from you and assist whenever you need it.

We're looking forward to hearing from you soon.

Length of use: 6-12 months

I have a lot of experience with various brokers, but octafx is the absolut best.

Low spreads.
Great bonus conditions.
Very fast withdrawal without any fees..
Good customer service.

Thank you for sharing such thoughtful feedback about our brokerage. We try really hard to provide the best trading experience for our customers here at octafx. Reading reviews like yours is a great hint that we’re providing our customers with the services that meet their needs, and we truly couldn’t be happier that that’s the case for you. We appreciate you being our client and want to say that you're always welcome on our chat at any time if you have any questions or suggestions.

As we’re already addressed your complaint in the thread you’ve created here on FPA, please allow us to echo what we’ve said here.

Thank you for your patience while we consulted your case with our team. After looking into the matters you brought to our attention, we can see that the cards you used to fund your trading account for the first and second time were different.

Please note that in such cases, our financial department may request verification of the second card to ensure it belongs to you and not to a third party, as all third-party transactions are strictly prohibited here at octafx. Therefore, the procedure is fully in line with our security measures.

We cannot merely block the possibility of conducting further transactions because in cases where funds do belong to a third party, we have to ensure that they’re refunded to the originating account. Therefore, it’s the trading activity that must be restricted to ensure that such money is not used for trading.

Looking into your trading history, we can see that the orders you're referring to were closed 17 hours after you got back access to your account. However, those orders could have been closed before the stop out occurred either in profit or with less loss as the two hours of account locking did not impact them. You decided to trade in the same direction, and it eventually led to the stop out. There were no issues from our side, and your orders were executed as per the market conditions. Unfortunately, there are no grounds for compensation/reimbursement as it was solely your decision to continue trading.

We want to remind you that despite this incident, you're always welcomed to contact us anytime, and we'll be more than happy to hear from you and help with any questions you may have.

I have been trading with this useless trader for 3 months now and im becoming more and more worried about the way this company handles my query or any issues.
1. They say there will be no swaps charged to accounts having funded more than 10k.
But they still keep charging the swaps and later asks me to provide details against the wrongly charged swaps. As in I'm working for octa FX and I will keep all this information ready for them.

2. They don't have a trading practice called partially closing a trade. If you are making losses on the trade you cant close it partially to minimize the loss. Rather it will book the entire loss and again open a new trade of the remaining lot. This is so weird and when I spoke to my account manager he gave fake promises of being working on the resolution.

3. They treat their customer with the least priority and I'm still to get my money reversed from them which now more than 50 days.

Nov 6, 2020 - 1 star octafx is a fraud company.. Beware.. You can lose money even without trading. There is no way you can contact there finance team. It's only the customer support team that never has any clue of what is happening.. In my case, 2 transactions of INR50000 got debited from my account on the 5th october 2020 but did not credit to my trading account. Since then I'm chatting with them every day.. But getting the same response .." madam we have requested for update sorry for the delay".. Every single day they are responding with the same message. After 1 month today on 05th nov, I asked them to arrange a call back from the account manager, when that human called me he was clueless about what is happening on my issue. He said he is following up with the finance team but he was not ready to provide a single email communication regarding the same. Still, no one knows what will happen to my funds. They don't have a call-in number. Only chat support. I have been trading with multiple traders and this is the worst of all. You cant talk to them at all. They don't respond to emails.. I'm very frustrated..

Reply by octafx rep submitted nov 20, 2020 dear shaziya shaikh,

Thank you for taking the time to share your experience with us. We're sorry to read that you had trouble depositing your funds at octafx. We've looked into your review, and as we can see, it is still being investigated by our financial department. We can also see that you've recently mentioned on social media that one of the transactions got back successfully, but there's still one missing. We're extremely sorry that it's taking so long, and we apologize for all the inconvenience you may have faced as a result. Please note that we’re still exchanging with the payment processor and are waiting for updates to provide you with as soon as new information reveals itself.

We wish to assure you that we’re committed to resolving this issue as soon as possible but want to ask you to allow us a bit more time. We understand how uncomfortable you may feel about the matter, and we want to tell you that we take it very seriously. We'll do everything that it takes to prevent such cases in the future and reduce the processing times. Please bear with us and remember that our customer support is constantly checking your case and they will be more than happy to provide you with the latest details.

We're looking forward to hearing from you soon. And we hope that it won't take much time to receive your funds back.

We deeply regret to read about your dissatisfaction with our services. We'll be more than happy to receive feedback from you about what could be improved, considering that the issue with swaps has been resolved and you were compensated.

As for the partial order closure, we're aware of the issue. However, it's not something we could influence and fix immediately as it would require an extensive amount of time and effort once such feedback is passed to the relevant department. However, we want to ensure you that we take your suggestions and recommendations very seriously, and we'll make sure they're all addressed and considered by our team.

We would also appreciate it if you could share what could be improved regarding our customer support services to meet your standards. It's one of our top priorities to ensure that we provide the most convenient trading experience to our customers and everything is done to your satisfaction.

Please send us a message anytime soon. Our team is always here for you, and we'll be happy to hear from you whenever you have any questions.

Octafx complete guide for beginners | forex trading

Octafx is a forex ECN broker offering trade on forex, indices, metals, and cryptocurrencies via cfds, across the metatrader and ctrader suite of trading platforms as well as their own octafx trading app.

OCTAFX IS A GOOD BROKER

As we all know by its name that it is one of those forex brokers that are having stable status in financial markets due to their unmatched service offerings. As for as it is concerned with octafx, they kept it simple for the new arrivals in trading fields. It ensures satisfactory and good results in customer satisfaction services and structure offered by octafx are for both initials and professional traders.

OCTAFX OFFICE IN PAKISTAN

If you need any help related to octafx in pakistan you can contact us:

Phone: +92-3007933076 (amir sohail)

Email address sajaval7272@gmail.Com

Open your real trading account with octafx.Com

There are three methods of deposit and withdrawal in pakistan.

E-currency (if you have ever gone through skill so it is possible to withdraw and deposit your currency). If not so you have to deal with a little bit of difficulty. To use E-currency you have to pass both levels of forex verification.

As before you can easily deposit or withdraw your currency in PAKISTAN via bank but nowadays STATE BANK restricted it due to some reasons so you are not able to withdraw/deposit. If you any ATM card with you along with the bank’s permission so you can go through it.

We have an international team from the USA and UK who can withdraw/deposit, for this, we give account number to the customer in which they can deposit their amount in rupees. After depositing in local bank customer informs us and provides FOREX number and other required details to us, within one hour we deposit your amount to the forex account. As this is through the international bank so there include some extra charges which customer has to pay. This is somehow costly but there is only a legal and secure way. Customers mostly go with the third step.

OCTAFX PROFIT CALCULATOR

It is a simple tool to help forex traders to buy and invest something big. For this you need to select the currency pair and volume you want to trade, the way you want to trade, toggle the open and close both prices to calculate your profit potentials. To get familiar with this app you need to go through it keenly and observe so that you will be able to know the movements of the market and deal with your trading with this handy machine. This calculator shows a breakdown of your net profit, including gross profit, swaps, and trading fees.

OCTAFX DEPOSIT METHODS:

To engage yourself with trading on the forex account you need to deposit. Before deposit, keep in mind that there is no commission on withdrawal or deposit. It also does not limit the number of deposits for twenty four hours. Deposit with local banks is processed within 1-3 hours.

OCTAFX LOCAL DEPOSIT

Deposits of local banks are processed within 1-3 hours, credit/debit card and E-wallet deposits are on time. Minimum deposits for pro accounts on metatrader 5 are $500. Many countries including PAKISTAN, INDONESIA, and MALAYSIA can use local banks for forex trading. Octafx helps a variety of banks for trading purposes.

OCTAFX WITHDRAWAL OPTIONS

For this process, you need to undergo further steps.

Wallet account

Trading account.

Have a look on withdrawing from your wallet-open the app and view the main menu by entering the icon in the right-top of the screen. Then press “withdraw” under your wallet balance.

Another way is by the trading center: select the account from which you want to withdraw money on the screen, and then press withdraws you will be able to see different options mentioned in your area. Select which is perfect for you.

Octafx

Octa markets incorporated is a forex broker recognized worldwide. Octafx provides forex brokerage services to its clients in over 100 countries around the world.

Octafx

Limited payment options

Apps not very user-friendly

Slightly geared towards clients in southeast asia

Min deposit

Max leverage

Mini account

Bonus

Platforms

Withdrawal options

Review

Comparison

Review

Introduction

Ocatfx is one of the most well-known cfds and forex brokers in the world at present. Started in 2011, this company has been incorporated in the financial markets of the grenadine islands and sy vincent. Keeping the asian financial markets as its main service area, ocatafx has based in jakarta, indonesia. This platform has clients originating from over 100 nations around the world. It is important to note that the UK’s financial conduct authority considers octafx as a legitimate and regulated brokerage.

Trading conditions

Discover the lowest spreads in the entire industry

Octafx traders are able to executive lightning trades at visible prices without any slippage.

Negative balance risk mitigation

Octafx does not charge any commission on services including making deposits or withdrawals. It also does not change a transaction fee for currency exchanges.

Types of accounts on octafx

Octafx offers three different types of accounts:

This account type is meant for traders who wish to have the maximum leveraging options with the least monetary investment. The minimum deposit required to start this type of account is $50.

This account is meant for those with a good understanding of forex and a willingness to invest for larger profits. This account offers the lowest spreads which allow for the maximum length of trade options. You can also engage in CFD trading from this account.

This account type is for professional traders who can make prudent investment decisions. It offers a great deal of mobility as it requires no markup and provides ample liquidity access. For traders looking to earn big, ECN is the right option.

Products

Octafx basically offers two types of trading options – spot market trading and contract for difference or CFD trading. Traders can invest in a range of options on octafx including currency pairs, cryptocurrencies, stocks, market indices, precious metals, and other commodities. This combination of financial investment options allows for great profit potential. Investors can benefit from trading on the most popular market indices such as NASDAQ, eurostoxx 50, dow jones etc.

At present, octafx can support three primary cryptocurrencies – bitcoin, ethereum and litecoin.

Traders on octafx can also use cfds to access trading on stock indexes.

Regulation

As stated earlier, octafx is under the regulatory oversight of the financial conduct authority of the UK. This is one of the most stringent regulatory models in the forex industry. The company was established in 2011 under saint vincent and the grenadines IBC 2011 and granted the license number 19776. The company is in full compliance with international financial regulatory standards.

Platforms

Metatrader4

Octafx allows traders to select from a number of platforms for the biggest cross-section of trading preferences and levels. This platform has a very easy to understand setup and offers inbuilt expert advisors as well as customizable indicators.

Metatrader 5

An increasingly popular platform on octafx, MT5 has been considered by many as a potential replacement for MT4. In addition to the MT4 features, it provides a far more customizable interface, stop limit orders and native economic calendar.

Ctrader is the top-level trading platform for ECN brokers. Naturally, it provides level II quotes, server trailing stops, single-click trading and sophisticated charting options. It utilizes cloud servers to back up accounts and keep a centralized tab on all of them.

Mobile trading

Octafx is also available on mobile and has dedicated apps for both ios and android. There is virtually no performance difference between these mobile apps and desktop apps. Traders can easily use them to make trades while on the move.

The octafx trading app is an officially acknowledged forex trading software. It permits all financial transactions available through conventional desktop apps. Users can access the in-app settings to control their octafx trader profile and all activities related to that account. The apps provided fulfill the needs of traders, but we have seem apps from other brokerages that have been easier to use.

Pricing

Octafx has a commission model based on trading. The actual commission charge is based on a mixture of standard prices and markup spreads. For ECN accounts, the charge is 3 cents per 0.01 lot. The table below provides a general idea of the spreads typically seen across octafx’s platforms.

Instrument

Spreads (in pips)

Deposits & withdrawals

Octafx offers multiple channels for investment including credit/debit cards, bank wires, skrill, neteller etc. Traders from specific countries can also opt for local bank transfers. Octafx is constantly adding new payment methods. The deposits must be in USD or EUR and must be at least $5 or equivalent for micro account balances.

For withdrawal requests, the processing time is almost instantaneous and validated through an email. However, this will only happen provided personal information about the withdrawer in available and verified. As per the international anti-money laundering laws, forex brokers need to follow specific rules and octafx complies to them all.

In addition, octafx also keeps user funds distinct from that of the company. Thus, it is in compliance with international forex trading standards. Further, it uses an authentication model through 3D secure technology for extra protection to online payments.

Customer support

Octafx offers customer service round the clock on all workdays i.E. 24/5. Customers can choose between email, direct change and free calling options. The company will also provide a range of market new along with research and economic calendar.

Research & education

Octafx offers several trader tools such as an economic calendar, market insights, forex news, profit calculator, trading calculator, monitoring, live quotes, interest rates, and national holidays. More tools include:

Signals: these tools include MQL5 community settings, signal settings, signal subscribers, and signal providers.

EAS: EAS tools include tester parameters, code basetoolbox, experts tab, experts advisors launch, expert advisors setup, expert advisors shutdown, and autochartist installation manual.

Noteworthy points

· octafxcopytrading provides traders the chance to directly mimic the investment patterns of successful traders. This strategy is a failsafe against customized trading practices and ensures a reasonable degree of success.

· octafxhas been a supporter of the bali sports foundation which takes care of disabled sportsmen in bali and east indonesia.

· octafx supported rip curl cup padang-padang event in bali, indonesia.

· from july 1st, 2015 to 30th june 2016 octafx sponsored of southampton FC, a top-level football club in the UK.

Awards won by them:

· best trades execution 2017

· best trading conditions 2017

· from european CEO magazine

· best forex ECN broker 2017

· most transparent broker 2017

· from european CEO magazine

· best trading conditions 2016

Conclusion

Octafx has a truly impressive array of features and options to offer to traders. Their personal support is also genuine and customer care executives seem to eagerly resolve client queries and problems.

Additionally, their competitions and trading bonuses add an edge to their brokerage. Most other forex brokers do not offer such benefits. For novice and even experienced brokers, octafx offers a wide range of educational materials.

Novice traders also have the option of honing their skills with demo accounts which perfectly mimic live trade conditions.All in all, octafx is a very viable forex brokerage that offers a good experience and can be used profitably by smart traders.

Comparison

Broker comparison maecenas porta rhoncus dui ut congue. Donec luctus non sem eu euismod. Ut rhoncus mauris non bibendum congue. Donec maximus ipsum a lectus sollicitudin.

Octafx

Limited payment options

Apps not very user-friendly

Slightly geared towards clients in southeast asia

Min deposit

Max leverage

Mini account

Bonus

Platforms

Withdrawal options

Review

Comparison

Review

Introduction

Trading conditions

Discover the lowest spreads in the entire industry

Octafx traders are able to executive lightning trades at visible prices without any slippage.

Negative balance risk mitigation

Octafx does not charge any commission on services including making deposits or withdrawals. It also does not change a transaction fee for currency exchanges.

Types of accounts on octafx

Octafx offers three different types of accounts:

This account type is meant for traders who wish to have the maximum leveraging options with the least monetary investment. The minimum deposit required to start this type of account is $50.

Products

At present, octafx can support three primary cryptocurrencies – bitcoin, ethereum and litecoin.

Traders on octafx can also use cfds to access trading on stock indexes.

Regulation

Platforms

Metatrader4

Metatrader 5

Mobile trading

Pricing

Instrument

Spreads (in pips)

Deposits & withdrawals

Customer support

Research & education

Signals: these tools include MQL5 community settings, signal settings, signal subscribers, and signal providers.

EAS: EAS tools include tester parameters, code basetoolbox, experts tab, experts advisors launch, expert advisors setup, expert advisors shutdown, and autochartist installation manual.

Noteworthy points

· octafxhas been a supporter of the bali sports foundation which takes care of disabled sportsmen in bali and east indonesia.

· octafx supported rip curl cup padang-padang event in bali, indonesia.

· from july 1st, 2015 to 30th june 2016 octafx sponsored of southampton FC, a top-level football club in the UK.

Awards won by them:

· best trades execution 2017

· best trading conditions 2017

· from european CEO magazine

· best forex ECN broker 2017

· most transparent broker 2017

· from european CEO magazine

· best trading conditions 2016

Conclusion

Comparison

Broker comparison maecenas porta rhoncus dui ut congue. Donec luctus non sem eu euismod. Ut rhoncus mauris non bibendum congue. Donec maximus ipsum a lectus sollicitudin.

Octafx

Octa markets incorporated is a forex broker recognized worldwide. Octafx provides forex brokerage services to its clients in over 100 countries around the world.

Octafx complete guide for beginners | forex trading

OCTAFX IS A GOOD BROKER

OCTAFX OFFICE IN PAKISTAN

If you need any help related to octafx in pakistan you can contact us:

Phone: +92-3007933076 (amir sohail)

Email address sajaval7272@gmail.Com

Open your real trading account with octafx.Com

There are three methods of deposit and withdrawal in pakistan.

E-currency (if you have ever gone through skill so it is possible to withdraw and deposit your currency). If not so you have to deal with a little bit of difficulty. To use E-currency you have to pass both levels of forex verification.

As before you can easily deposit or withdraw your currency in PAKISTAN via bank but nowadays STATE BANK restricted it due to some reasons so you are not able to withdraw/deposit. If you any ATM card with you along with the bank’s permission so you can go through it.

We have an international team from the USA and UK who can withdraw/deposit, for this, we give account number to the customer in which they can deposit their amount in rupees. After depositing in local bank customer informs us and provides FOREX number and other required details to us, within one hour we deposit your amount to the forex account. As this is through the international bank so there include some extra charges which customer has to pay. This is somehow costly but there is only a legal and secure way. Customers mostly go with the third step.

OCTAFX PROFIT CALCULATOR

OCTAFX DEPOSIT METHODS:

OCTAFX LOCAL DEPOSIT

OCTAFX WITHDRAWAL OPTIONS

For this process, you need to undergo further steps.

Wallet account

Trading account.

Have a look on withdrawing from your wallet-open the app and view the main menu by entering the icon in the right-top of the screen. Then press “withdraw” under your wallet balance.

Octafx forex broker broker review

Reviewer : justin freeman

Broker information

Company name: octafx

Founded: 2011

Country: st vincent & the grenadines

Platform info

Platform: metatrader 4, metatrader 5, ctrader

Dealing desk: no

Web based: yes

Mobile trading: yes

Broker services

Regulators: cysec

Bonus: first time deposit match: 50% up to max deposit: any

Minimum deposit: $5

Leverage: 1:500

US clients: no

Funding methods: credit cards, wire, neteller, skrill

Open free
demo account

Bonus offer for forexfraud visitors

Expert summary

Octafx belongs to a group of companies that include arlear inc OU, octa markets inc, and octa markets cyprus limited.

Incorporated in 2011, the CFD broker comes under the stringent regulations of the cyprus securities and exchange commission (cysec) in europe. To expand its services to include international clients, octa markets inc has included a registered office in st. Vincent and the grenadines.

The CFD broker offers investors the choice of three account types- micro, pro and ECN. The account types broadly dictate the platform, minimum deposit, products, and trading conditions. It is effortless and inexpensive to register with octafx.

All you have to do is choose your kind of trading account, select your platform, make a minimum deposit from $20-500 and start trading.

The broker offers a choice of three trading platforms that include the metatrader 4 & 5, plus the ctrader. All the platforms come with multiple order types, support manual/automated trading, feature several cutting-edge trading tools, and are accessible across all computers and mobile devices.

When it comes to the trading conditions, the broker’s retail clients in europe receive max leverage of 30:1 while professional and international clients receive leverage up to 500:1.

Octafx provides several educational resources for beginners. These comprise video tutorials, forex education, glossary and frequently asked questions.

To benefit experienced traders, the broker has included numerous analytical features and tools like the autochartist, live economic calendar, market insight, forex news, and a trading calculator. Most of them are directly accessible from the website. In terms of customer support, you can get in touch with the broker 24/5 via phone, email and live chat.

Octafx is an STP-ECN broker, offers tight spreads, negative balance protection, ultra-fast order execution, zero slippage, and no requotes.

The broker’s multiple deposits/withdrawal methods come at zero cost, the choice of two base currencies for fund transfers and immediate processing of withdrawal requests. Clients outside the european union also receive bonuses and promotional offers from time to time.

Octafx is the recipient of several industry awards for excellence in customer support, services, superior trading apps and others. A couple of the accolades are for the ‘best forex broker asia’ in 2018 and the ‘best forex ECN broker’ in 2017.

Screenshot of the OctaFX Website Home Page

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Octafx trading features

Why trade with octafx.Com? The firm lists these reasons:

Founded in 2011 and headquartered in saint vincent and the grenadines;

Regulated by cysec.

Six major industry awards received for services in 2012 through 2014;

STP/ECN format ensures no slippage, no re-quotes, tight spreads, and fast execution;

No trading room or dealing desk in ECN environment trading against you;

Four account types are offered, ranging from micro to mini for beginners, and to ECN for advanced traders;

Customer service reps work “24X5” on market days to fulfill your every need for assistance;

Metatrader4 versions available, together with a “ctrader” platform containing additional enhancements;

State of the art network ensures stability, great execution, reliability, and deep liquidity from global banking providers;

ECN fixed spreads begin as low as 0.2 pips;

Up to 1:500 leverage with micro-lots (0.01 size) available for everyone;

Client deposits are always held in safe and secure accounts, segregated from the firm’s operating capital;

Scalping, hedging, trading on the news, and eas are permitted at octafx.

The firm is always conducting a contest or a new promotion for the benefit of its clients.

Octafx leverage and spreads

As a non-dealing desk STP/ECN broker, octafx can guarantee very tight spreads from 0.2 pips, no slippage, and no re-quotes. Leverage up to 500:1 is also offered, even on small micro lot positions.

Octafx trading platform

Octafx offers two different trading platforms for your use, each allowing for unlimited access from your desktop, laptop, or mobile device. First, octafx grants access to the highly popular metatrader series of forex trading platforms. The MT4 set will support your android, iphone, or any winmobile OS compliant device. Secondly, the firm also provides “ctrader”, what the company states as the new standard in forex trading. Access is similar to MT4, including apple compatibility, but there are a few additional bells and whistles that make it worth your wile to test out on their free demo system. The latest technology in 128-bit SSL protection routines are utilized to encrypt all trading session and personal data, providing peace of mind from any unexpected compromise from the hacking community.

** MT5 platform now available!

Low minimum deposit - $5!

Octafx deposits and withdrawals

Octafx accepts deposits via visa/mastercard, bank wire, skrill, neteller, and also local banks transfers in indonesia and various other countries. Other domestic payment methods are also supported with new ones being added monthly. Your deposit may be in USD or EUR, and the minimum deposit for octafx is $5 for a micro account balance. A typical withdrawal request will be processed immediately with a confirming email following, as long as personal ID information is on file and in order. International anti-money laundering legislation requires that every global forex broker follow specific rules before any withdrawal request can be approved.

Beginner traders and customer support with octafx

Customer service representatives in jakarta, indonesia are eager to provide support in several languages. They can be accessed “24X5”, each and every business day. Octafx notes that these reps handle over 2,000 inquiries each day and resolve queries in five minutes on average, a testament to their professional ability to respond in a timely fashion. Email, live chat, and toll-free phone lines provide access. The company also supplies market news, research, and a convenient economic calendar.

Octafx review conclusion

Octafx has already garnered a number of prestigious industry awards and favorable testimonials, a good basis for choosing this relatively new entrant in the forex broker arena. They are also one of the few brokers willing to share volume data online. For example, on average, 500 new clients, 50,000 profitable trades, and $4 billion in value traded happen on a daily basis. Octafx also acts in full compliance with international legislation and regulatory standards, in addition to local oversight. Fxempire, a reputable forex site in london offered these words of praise, “octafx have managed to conquer the hearts and minds of many of their clients with the effort and dedication that they put into providing top notch services to their clients. For those who are in the market for a reliable and efficient forex broker, octafx certainly comes highly recommended.”

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About the author : justin freeman

Justin has twenty-two years' of experience working in the financial markets with brokers. He's held trading and risk management positions at boutique asset managers and large investment banks. Justin helps people understand their trading options in a clear, jargon-free manner.

So, let's see, what was the most valuable thing of this article: octafx octa markets incorporated is a forex broker recognized worldwide. Octafx provides forex brokerage services to its clients in over 100 countries around the world. Octafx uses the most at octafx forex