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OctaFX
OctaFX
Rating
3 reviews

Trading Forex carries high level of risk.

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DESCRIPTION
AtoZForex OctaFX review intends to deliver honest and reliable product review as well as client feedback about famous Forex broker OctaFX. Contribute to our broker reviews. Do you have trading experience with OctaFX?
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OctaFX is a popular Forex and CFDs broker with a client base from over 100 countries. Based on AtoZ Forex Approval test results we can conclude that OctaFX offers substantially low spreads with a special focus on customer service. These are some of the top highlights from our OctaFX review:
  1. OctaFX customer service team is service oriented
  2. Reliability is on top of OctaFX team's agenda
  3. You can test OctaFX with as low as $50 deposit
  4. OctaFX provides real low spreads
  5. Your OctaFX deposits and withdrawals have no commission

OctaFX regulation

Based on AtoZForex OctaFX review, OctaFX was registered in 2011. OctaFX regulation is from Saint Vincent and the Grenadines under the license number 19776 IBC. Despite not having an EU regulation, OctaFX compliance team is strict on international financial regulatory standards. They did surprisingly well during our stress test.

OctaFX account types

The three available OctaFX account types are based on client needs:
  • Micro account: This account type allows traders to start or test OctaFX with as low as $50 deposit. OctaFX Micro account is delivered via the popular MetaTrader 4 platform. With this account you can get 1:500 maximum leverage for currencies 1:200 for metals. OctaFX Micro account margin call is at 25% while the stop out level is at 15%.
  • Pro account: The Pro account is all about low spreads and ultra fast execution. The OctaFX Pro account is available via MetaTrader 5 trading platform. With the Pro account your maximum leverage will be up to 1:200 for currencies, 1:100 for metals and energies 1:50 for indices. OctaFX Pro account margin call is at 45% while the stop out level is at 30%.
  • ECN account: OctaFX ECN account is via cTrader platform. You can get OctaFX ECN cTtrader account with just $100 starting capital. With the ECN account your maximum leverage will be up to up to 1:500 for currencies and 1:200 for metals. Finally, OctaFX ECN account margin call is at 25% while the stop out level is at 15%.

OctaFX review: Bonus & Promotions

OctaFX has an interesting 50% deposit bonus which is running at the time of this review. To reward their clients’ loyalty, OctaFX generally offers various types of promotions. Now, you can get 50% deposit bonus on each one of your deposits. Get 50% deposit bonus with OctaFX | OctaFX review

OctaFX deposit and withdrawal options

OctaFX deposit and withdrawal options are trader oriented. By using one of many deposit and withdrawal options traders can easily fund their accounts and withdraw funds whenever they need. Some of the popular OctaFX deposit and withdrawal methods include credit or debit cards, bank transers, Neteller, Skrill. Meanwhile, if you are from Indonesia, Malaysia, Bangladesh, Pakistan, India, South Africa, Thailand, Brazil and Argentina you can also utilize one of the local payment options. Bare in mind, your withdrawal will be on your deposit method.

OctaFX Customer support

While conducting the OctaFX review, we have enjoyed the special attention from this broker.

Based on a short 2 weeks long AtoZ Forex Approval process, our shadow traders enjoyed the lean and clean structure of OctaFX customer support. They were available to help 24/5.

Based on our short discussion with the company, their support team handles anything between 1500 - 2500 support inquiries on daily basis. You can reach OctaFX customer service via email, direct chat, and toll-free phone lines.

OctaFX review conclusion

During the past two weeks, we have enjoyed our test process. Thus, we can say that OctaFX review conclusion is rather positive, we’re impressed with OctaFX trading services.

Especially, OctaFX customer care and trading environment is of high standards. They care about traders, provide fair market environment for traders from all over the world. Although, they do not hold an EU license any more, their services are still of high quality. Since, many brokers are no longer offer bonuses, their 50% deposit bonus could be helpful for traders with small equity.

At AtoZForex, we also look into risk disclaimers, compliance, education, customer care as well as simple client communication while testing brokers. OctaFX offers a well balanced educational package as well, of course with a free demo account matching their live account price feed.

To conclude OctaFX review, we can say that OctaFX is a reliable Forex broker. The company offers fair opportunity for traders from various backgrounds as well as deposit sizes. While many brokers focus on Big deposit traders, OctaFX provides good value service to traders with even $50 deposit with ultra low spreads. OctaFX received 79 out of 100 points on AtoZ Forex approval test.

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Broker Information
Octa Markets Incorporated
OctaFX.com
Saint Vincent and the Grenadines
Villa
2011
FSA (St. Vincent and the Grenadines)
STP, ECN
English, Indonesian, Malaysian, Spanish, Portuguese,
No
Telephone, Email, Adress, SMS, Live Chat, Call back request
N/A
24/5
No
No
USA
Afghanistan, Albania, Algeria, Andorra, Angola, Antigua and Barbuda, Argentina, Armenia, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Bulgaria, Burkina Faso, Burundi, Cabo Verde, Cambodia, Cameroon, Canada, Central African Republic, Chad, Chile, China, Colombia, Comoros, Congo, Costa Rica, Cote d'Ivoire, Croatia, Cuba, Cyprus, Czech Republic, Denmark, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Fiji, Finland, France, Gabon, Gambia, Georgia, Germany, Ghana, Greece, Grenada, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Italy, Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, Kosovo, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Mauritania, Mauritius, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montenegro, Morocco, Mozambique, Myanmar (Burma), Namibia, Nauru, Nepal, Netherlands, New Zealand, Nicaragua, Niger, Nigeria, North Korea, Norway, Oman, Pakistan, Palau, Palestine, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Rwanda, St. Kitts and Nevis, St. Lucia, St. Vincent and The Grenadines, Samoa, San Marino, Sao Tome and Principe, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Korea, South Sudan, Spain, Sri Lanka, Sudan, Suriname, Swaziland, Sweden, Switzerland, Syria, Taiwan, Tajikistan, Tanzania, Thailand, Timor-Leste, Togo, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Tuvalu, Uganda, Ukraine, UAE, UK, Uruguay, Uzbekistan, Vanuatu, Vatican City, Venezuela, Vietnam, Zambia, Zimbabwe
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Trading Information
MT4, MT5, cTrader
GMT+2
No
Variable
0.0 < 1.0
0.0 < 1.0
$0.00 < $0.25
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Never
Yes
Yes
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Account Advantage
No
No
Yes
No
Yes to all
No
Tradable Bonus, Withdrawable Bonus
Demo Account
No
No
Yes - Funded trader accounts only
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
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Account Information
Up to $10,000
Below $2,500
Below $,2500
Below $20,000
< $5,000
1:500
1:500
1:200
1:200
25%
Market
0.001
5 digit
EUR, USD
EURUSD, GBPUSD, USDJPY, USDCHF, AUDUSD, NZDUSD, USDCAD, EURGBP, EURJPY, EURCHF, EURAUD, EURNZD, EURCAD, GBPJPY, GBPCHF, GBPAUD, GBPNZD, GBPCAD, CHFJPY, AUDJPY, AUDCHF, AUDNZD, AUDCAD, NZDJPY, NZDCHF, AUDNZD, AUDCAD, NZDJPY, NZDCHF, NZDCAD, CADJPY, CADCHF
AUS200, UK100, FRA40, GER30, ESP35, EUSTX50, US30, NAS100, SPX500, JPN225
XAGUSD, XAUUSD, XPDUSD, XPTUSD, XBRUSD, XTIUSD
No
No
Credit card, Debit card, Bank wire, FasaNeteller, Skrill, Fasapay, Local payment methods in Indonesia, Malaysia, Bangladesh, Pakistan, India, South Africa, Thailand, Brazil and Argentina
Bank wire, Credit card, Neteller, Skrill, Fasapay, Local payment methods in Indonesia, Malaysia, Bangladesh, Pakistan, India, South Africa, Thailand, Brazil and Argentina
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Is OctaFX a scam? YES NO
OctaFX is a Reliable Forex Broker 6
OctaFX is a scam Forex Broker 4
Rating
Jamie Forex Crawler
August 8, 2017
Thank you AtoZ team for the review. I got my answer already.
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Rating
Analisa Pasar
August 8, 2017
I have a great experience with OctaFX broker's account so far. I think their 1.1 pips on EUR/USD offer is the good conditions for me. I use their MT4 trading platform which provided much fastest trade execution than my other broker. I experienced that sometimes their liquidity is faster than other brokers. I am doing scalping with them, so the 1.1 pips EUR/USD pair and spread on other pairs is so valuable to me. another big advantage is that withdrawals are very fast with Octa. Hey, I am not a big trader though :). My last withdrawal request 126$ process was 4 hours through the ewallet. So I think Octa is cool. Just my opinion
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Rating
Jamie Forex Crawler
November 11, 2015
I heard good news about Octafx, but their regulation is pushing me away. Octafx St Vincent regulation is no brainer for me to consider. If they have anybody here, maybe tyey want to comment about Octafx account safety? Are they really getting the CySEC license?
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