Octafx Review 2021
Because the platform has a demo and a high-quality training base, trading here will be comfortable even for beginners. As far as payment discipline is concerned, I have no questions to ask the broker. It is immediately clear that the company is working to expand its customer base and is trying to maintain a positive reputation. You can OctaFX Broker Review open a demo account on each of the available trading platforms. I perfectly understand that in terms of the range of investment offers and even the variety of assets, OctaFX, perhaps, is inferior to some other brokers. Spreads are adequate, I did not notice slippage when opening or closing deals, and there is access to social trading.
We have covered allot in this OctaFX review, If you want to see how OctaFX compares side by side with other brokers check out our OctaFX Vs pages. Foreign exchange market Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.
Briefly About Octa Fx Brokers
You should consider whether you can afford to take the high risk of losing your money Please read our full legal disclaimer. 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. The lowest spreads, real-time market execution and true ECN offset are among the top advantages of OctaFX.
I guess it’s because yesterday Monday 5 April was the Easter holiday, and 3rd, 4th April were weekend so banks were closed. However, if I don’t get my money today Foreign exchange autotrading or by tomorrow I will come and update my observations here. So my advice is don’t make withdrawal requests close to weekends cos they handle it very slowly.
Octafx Is Nominated In
Also, OctaFX does not charge fees for deposits or withdrawals. 74-89% of retail investor accounts lose money when trading CFDs. You should ensure you are aware of the risks involved in trading and if you can afford to take the high risk of losing your money. OctaFX MT4 is a standard account for trading 32 currency pairs, CFDs, gold, silver, energy, four indices, and five cryptocurrencies.
Reprint of the materials is available only with the permission of the editorial staff. MetaTrader 5 Pro– This is the account to choose for the more experienced trader. There are various instruments available eur like 28 currency pairs, 4 cryptocurrencies and many more. Please note, the availability of cryptocurrencies is subject to regulations. OctaFX offers traders two trading platforms to choose from.
OctaFx became my broker in March 2020 when I thought that switching things up a bit would be beneficial. I have several problems with Octafx and I would like to share all of them here.
At OctaFX the given agreement is called customer agreement. Though the company also is considered rather reliable, but to users will not be superfluous to study documents regulated by it at all. The broker offers its users to earn, not only realizing their own trading, but also copying transactions of successful traders .
It won’t hurt to mention that they were recently lowered up to 14 points for specific pairs. As for withdrawal fees , it’s important to note that we cover all expenses by ourselves – there are no hidden fees or whatsoever as providing transparent services to clients is among our main values. The spreads of regulated brokers start with as low as 0 pips for the popular pair of EUR/USD. The live trading accounts of OctaFx suffer overnight changes in the spread. The high performing assets of the trading accounts suffer changes in the spreads as well. This is the cheap policy of the broker which aims to steal as much as possible from the trader. Tight spreads are permitted, execution of orders is swift, there is no slippage or requotes.
- Also, regulation usually stipulates a limited range of competitive advantages, offers, and a narrow client base, depending on the region to which regulation applies.
- According to the statistics, 75-89% of customers lose the funds invested and only 11-25% of traders earn a profit.
- We at Yore Oyster believe that everyone should be able to try out a broker without having to deposit thousands of dollars to get the opportunity to do so.
- A young but already successful international ECN-STP broker, offering traders around the world the safe trading of cryptocurrencies, CFDs, etc.
- The winners of the competition, who take the first five prizes, receive real money to their trading account.
- Our Financial Department completed this payment on April 2, but we ask to allow up to one business day for your funds to be displayed in your bank account.
OctaFX is a broker that offers favorable trading conditions to traders of any experience. Useful tools, such as profit and trade calculators, real-time quotes, and rating of the best trading accounts available for copying are offered. OctaFX has been providing brokerage services for over 10 years and is constantly increasing the number of its active users. The broker works with a large number of liquidity providers around the world, so his clients receive the best-aggregated prices. OctaFX trade servers and data centers are located throughout Europe and Asia, ensuring low latency and stable connections.
Information on the TradersUnion.com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested and only 11-25% of traders earn a profit. In principle, I am not a fan of passive investing, so the lack of a wide selection of such offers at OctaFX did not concern me in any way. The main thing is that the broker honestly fulfills all agreements and pays profit. I have never seen delays or some kind of scam with commissions.
Octafx Regulation And Licensing In More Detail
I think it’s cool when a company cares so much about its traders. Before that, I tried to register on the platforms of more eminent and well-known brokers, but they really got arrogant with me. Either the trade requirements are inadequate, or there is no Russian-language version on the terminal website. This option did not suit me, so I was looking for an alternative. OctaFX not only offers active trading on favorable terms, but also allows me to earn money by copying trades from more successful users. Yes, this is not PAMM or MAM, where nothing needs to be done at all, but the exhaust is also excellent. OctaFX was my first broker as I have been trading Forex for only three months.
Unlike the UK-based Octa Fx which offers just MT4, the Octa Fix Brokers offers three types of trading platforms. These are the MetaTrader4, the MetaTrader5, and the cTrader.
OctaFX is an international broker that strives to provide favorable and transparent conditions to all Forex traders, regardless of their experience and trading skills. So, spreads start from 0.6 pips, there are no commissions for replenishment and withdrawal of funds, and all trading strategies are allowed.
OctaFX is certainly worth a shot, as traders can take advantage of an ECN account using a small deposit, but as a trader, you should be careful about using the high leverage offered by the company. OctaFX is also prompt with its payments, and FCA regulation apparently goes a long way into ensuring that all client funds are kept safe and secure to offer complete peace of mind to the trader. Both the MT4 and cTrader platforms are available for iOS and Android devices, and can be downloaded from the respective iTunes and Google Play stores. OctaFX was founded in St. Vincent and the Grenadines in 2011. OctaFX has been facilitating trade on the financial markets for over 10 years.