General Information & Regulation
OctaFX is a US-registered online Forex and CFD broker, founded in 2011 and opened its MT4 trading platform in the same year, introduced local payments for the first time in 2012, swap-free accounts was released in 2015, and then introduced US crude oil and Brent crude oil in 2020 due to OctaFX's claim to hold a full Cypriot CySEC license, which is suspected to be The full Cyprus CySEC license that OctaFX claims to hold is suspected to be a set of licenses. Octa Markets Cyprus Ltd does not offer its services to residents of USA, Canada, Belgium as well as to other jurisdictions falling outside the European Union.
Market Instruments
OctaFX offers financial trading assets mainly in 32 Forex currency pairs, commodities, 10 indices CFDs, Crypto currencies.
Minimum Deposit
Trading accounts offered by OctaFX include the OctaFX MT5 account (for smart traders with a minimum initial deposit of $1,000), OctaFX MT4 account (for habitual traders with a minimum initial deposit of $100), and OctaFX cTrader account (for progressive traders with a minimum initial deposit of $100).
OctaFX Leverage
The maximum trading leverage offered by OctaFX is 1:500 for Forex currency pairs, 1:200 for gold and silver, 1:50 for CFDs on indices, and 1:10 for cryptocurrencies.
Spreads & Commissions
OctaFX offers floating spreads with a minimum spread of 0.4 pips on EURUSD with commission markup on OctaFX cTrader accounts and 0.6 pips on EURUSD with no commission markup on OctaFX MT4 and MT5 accounts.
Trading platforms
OctaFX offers three trading platform options: MT4, MT5, and cTrader. MT4 trading platform is suitable for both novice and experienced traders, with easy operations and diversified configurations. MT5 has all the positive features of MT4 with some new features added to it, extensive charting time tables, indicators, and images, suitable for more in-depth technical analysis, technical analysis. cTrder has a multi-functional trading environment that allows for more flexible trade execution and can meet the needs of any trader. All three trading platforms support web, desktop, Android, and iOS versions.
Deposit and withdrawal
OctaFX supports traders to deposit and withdraw funds to their investment accounts via VISA credit card (minimum deposit $25, minimum withdrawal $20), Bitcoin, Skrill (minimum deposit $50, minimum withdrawal $5), Neteller (minimum deposit $50, minimum withdrawal $5).
Customer Support
Customer support is available 24/7 and is best reached via live chat or Telegram. A webform is equally accessible, and traders may alternatively call. OctaFX ensures swift access to a customer services representative in case the unlikely need for additional assistance arises.
