General Information& Regulation
OCTA is a broker regulated by the Commodity Futures Trading Supervisory Agency (BAPPEBTI), with the licence number 54/BAPPEBTI/SI/05/2013.
Market Instruments
OCTA offers investors a range of financial instruments including 27 currency pairs, 2 metals, and 5 indices.
Account & Leverage
OCTA offers the Islamic account option to investors. The maximum leverage is 500:1. OCTA doesnt charge swaps or other interest-based commissions.
Spreads & Commissions
OCTA‘s spreads are floating and always depend on market volatility. The minimal spread for EURUSD is 0.6 pips, GBPUSD from 0.8 pips, USDJPY from 0.8 pips, AUDUSD from 0.9 pips and USDCAD from 0.7 pips. OCTA charges the commission upon closing every order, deducting it from clients’ equity. The rate is 5 USD per lot, and the exact amount is calculated proportionally to the order volume.
Trading Platform
OCTA provides clients with the MetaTrader 4 (MT4) platform of Windows, iOS and Android version.
Deposit & Withdrawal
Clients can make any number of deposits and withdrawals, but the amount of each apply certain limits. The maximum limits for both deposits and withdrawals are 100,000 USD. The minimum limit for deposits is 100 USD, and 5 USD for withdrawals. No commission is charged for making deposits or withdrawals.
Trading Hours
MetaTrader 4 trading hours are 24 hours a day Monday through Friday. Starting at 12:00 a.m. on Monday and closing at 11:59 p.m. on Friday, EET/EST.
Risk
Trading CFD with leverage may bring a high profit, but can also cause loss of all invested funds.
