DESCRIPTIONAtoZForex 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?
>> Share your OctaFX review with us. <<<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:
- OctaFX customer service team is service oriented
- Reliability is on top of OctaFX team's agenda
- You can test OctaFX with as low as $50 deposit
- OctaFX provides real low spreads
- Your OctaFX deposits and withdrawals have no commission
OctaFX regulationBased 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 typesThe 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 & PromotionsOctaFX 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.
OctaFX deposit and withdrawal optionsOctaFX 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 supportWhile 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 conclusionDuring 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.