OctaFX

OctaFX is a forex broker that was established in 2011. It is regulated by CySEC (Cyprus) since 2018 and holds a license from FSA (St. Vincent and Grenadines) for non-EU clients. OctaFX offers trading on the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are available in desktop, mobile, and web versions. They also offer their own proprietary social trading platform OctaTrader.

OctaFX offers a variety of additional trading features, such as the online Copy trading platform and the AutoChartist trading and research tools. OctaFX trading fees, spreads, and commissions start from as low as 0.0 pips. 

Regulation

OctaFX is only regulated by a single tier 2 regulator: CySEC (Cyprus Securities and Exchange Commission) in Europe.

There is also a subsidiary, Octa Markets Incorporated, registered with the Saint Vincent and the Grenadines FSA, which is not a regulator and does not control trading or protect traders.

Countries of presence

180+ countries covered, 21M+ forex trading accounts opened in:

Singapore 

Mexico 

South Africa

Indonesia 

Pakistan 

India 

Malaysia 

Nigeria 

Awards

60 forex industry awards received, such as:

Most Secure Trading Platform Singapore 2023

Broker with the fastest withdrawal Singapore 2023

Best Copy Trading Platform 2022

Best Broker Asia 2022

Best Online Broker Global 2022

Most Reliable Broker South Africa 2022

Best Trading Platform Mexico 2022

Best Crypto Trading Mobile App 2022

Trading platforms

MetaTrader 4: Web platform, Android, Windows, macOS – for “traditional traders” with easy start.

MetaTrader 5: Web platform, Android, Windows, macOS – for “innovative traders” with the possibility of trading on stocks.

OctaTrader: Web platform, Android, iOS – for one-click trading.

Trading accounts

All of OctaFX accounts are Islamic friendly. According to Islamic standards, there is no accumulation, collection, or payment of interest rates.

• Real account — allows you to operate real funds. All your profit and loss is real money.
• Demo account — has simulated funds but real market conditions. Users can use it to check our service, get familiar with trading tools, or test trading strategy risk-free.
• Champion Demo Contest account — available on MT4 to participate in Champion Demo Contest.

Trading instruments

Currency pairs: 35 most volatile pairs with 1:500 maximum leverage

Stock derivatives: 150 stocks from 16 exchanges with 1:20 maximum leverage

Indices: up to 10 most popular indices with 1:50 maximum leverage

Commodities:

• Gold and silver with 1:200 maximum leverage
• United States Natural Gas, Brent Crude Oil, and West Texas Intermediate crude oil with 1:100 maximum leverage

Cryptocurrencies: 30 well-known cryptocurrencies with 1:25 maximum leverage

Registration process

Only an email is required to register.

Verification

OctaFX recommends verifying user accounts by submitting a personal ID scan and an address proof.

Deposits and withdrawals

OctaFX does not charge clients any fees. OctaFX also covers the deposit and withdrawal fees that third parties (like Skrill, Neteller, and others) may apply. 

Deposits and withdrawal payment method:

• Bitcoin
• Skrill
• Neteller
• Ethereum
• MasterCard
• Tether TRC-20
• Tether TRC-20
• Dogecoin
• Litecoin

Support

The broker’s website is available in 13 languages. Support is available 24/7 via live chat and email.

Promo & Bonuses

50% deposit bonus — depositing at least $50 into the trading account, users can increase the deposit by half with a broker bonus.

Trade & win giveaway — traders participate in drawings of valuable prizes: smartphones, laptops, etc.

Status program — OctaFX provides extra benefits based on user balance.

Champion MT4 Demo contest — the participant with the highest balance at the end of round wins the main prize $500.

Affiliate program

IB program — stands for ‘Introducing broker’, a person or a company that refers clients to OctaFX and receives commission for their trading activity. OctaFX pays up to 12 USD per lot. IB commission paid depends on the number of active clients.

Invite-a-friend program — users can earn 1 USD per each standard lot traded by their referral friends, while they get a unique 100% deposit bonus.

Training

OctaFX offers users the following educational and training tools and programs:

Traders tools:

• Trading calculator
• Profit calculator
• Live quotes
• Monitoring

Analytics:

• Market information
• Economic calendar
• Market insights
• Forex news
• Interest rates
• Holiday calendar

Education:

• Webinars
• Forex basics: articles
• Forex basics: video course
• Platform tutorials: videos
• Platform tutorials: articles
• Glossary
• FAQ