OctaFx Review

OctaFx is a CFDs broker and an online leading Forex broker. It has been in existence since 2011. The Octa Markets Incorporated owns and manages this brand. They are registered on the Grenadines and the Islands of Saint Vincent.

They use the latest technology to offer quality brokerage services to customers all over the world. You can trust their trustworthy because they work with international regulatory standards as well as the legislation. They work towards gaining your trust and gain your satisfaction as well by offering all your trading requirements and needs.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Features

This broker will offer you sturdy and reliable platforms to trade with. If you choose OctaFX, all you have to do is select your platform of choice. They have three platforms, MetaTrader4, MetaTrader5, and CTrader.

The most popular is the MetaTrader 4. It has many technical indicators and a very comprehensive charting package. It uses Expert Advisors that allow it to support automated trading. It comes with versions for the desktop, WebTrader, Android and iOS.

The MeteTrader 5 on the other hand will give you the same features as the MetaTrader 4. It goes a step further to support other types of trade orders like pending orders, market orders, stop orders, and trailing stops.

The CTrader platform however, offers you direct access to the market. Seeing that it is an ECN platform it wil allow you to capture the most favorable spreads and offer you deep liquidity in the market. It also has the Desktop, WebTrader, Android, and iOS versions.

This broker has three different account sufficient enough to serve clients all over the universe. With a minimum deposit of $100 you qualify for a Micro account. It is run by MetaTrader 4 platform and has 2 precious metals and 28 currency pairs. If you are a novice, we recommend this account. The leverage ratio is up to 1:500.

You can also make a minimum initial deposit of $500 for the Pro account. This account is run by the MetaTrader 5 platform with a leverage ratio of up to 1:200. We recommend this for experienced traders. It has 5 decimal quotes, 28 currency pairs, 2 energies, 4 metals, and 10 indices.

The last account is the ECN account. This one requires a minimum deposit of $100. It has floating spread, 35 currency pairs, and 2 precious metals. The leverage ratio is up to 1:500.

This broker supports several funds transfer methods that will allow you to deposit and withdraw funds. Methods available for deposit include: Bank wire transfer, major credit cards with a $5 dollar minimum deposit, Instant deposit with a $50 minimum deposit, NETELLER with a $50 dollar minimum deposit and Liberty Reserve.

You can also use the same methods to make withdrawals. The minimum amount you can withdraw with this broker is $5. If you are loyal trader you can also get promotional programs and bonuses. You can get bonuses in 10%, 30% and 50%.

Pros

  • Reliable broker
  • Has competitive spreads
  • Have won awards
  • Multiple trading platforms
  • Offer regular trading competitions

Cons

  • Customer support service available on weekdays only

Conclusion

OctaFX is a reliable trader because it has won many awards based on their services and its well regulated. It has proven to offer impressive services to the clients. They have also provided many channels of communications that allow you to request for assistance whenever you run into a problem.

Leave a Reply

Your email address will not be published. Required fields are marked *

Real Time Web Analytics