OctaFX

Details

Broker OctaFX UK Limited
Website URL octafx.com
Founded 2011
Headquarters London, England
Support Number 44 20 3322 1059; 4001-200970 (China); 1-800-815-304 (Malaysia); +17844574224 (St. Vincent and the Grenadines)
Support Types Live Chat, Filling in the online Contact form, Email (support@octafx.com), Phone
Languages English, Chinese (Mandarin), Indonesia/Malaysia , Spanish, Portuguese
Trading Platform cTrader , MetaTrader 4
Minimum 1st Deposit $5
Minimum Account Size $5
Bonus 50% Bonus On Each Deposit
Leverage 500:1
Spread start from 0.2 pips
Free Demo Account Open Demo
Regulated Yes
Regulation FCA
Account Types OctaFx MT4 Micro, MT4 ECN, cTrader ECN
Deposit Methods Bank Wire Transfer, Credit Card, FasaPay, Neteller, Skrill, Union Pay
Withdrawal Methods Bank Wire Transfer, FasaPay, Neteller, Skrill, Union Pay
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 4.4/5

Pros

  • Regulated by FCA
  • Demo Accounts Available
  • Great ongoing deposit bonuses
  • Fast Reliable Executions
  • Free Market Analysis
  • High Quality Customer Support
  • Low Minimum Deposit Requirement
  • MT4 and cTrader platforms
  • True ECN/STP Services

Cons

  • They do not allow customers from US

Octa Markets Incorporated is a forex broker recognized worldwide. OctaFX provides forex brokerage services to its clients in over 100 countries around the world. Octa Markets Incorporated was registered in 2011 in Saint Vincent and the Grenadines under license number 19776 IBC 2011. The Company’s legal and correspondence address is Cedar Hill Crest, P.O. Box 1825, Villa, St. Vincent and the Grenadines. OctaFX acts in full compliance with international legislation and regulation standards. Forex brokers love football clubs – at the time of writing, OctaFX is the sponsor of Southampton Football Club. This ECN/STP broker has got a lot of exciting things going for it. They have successfully won a whole collection of awards. To call this an award winning broker is an understatement. Additionally, they offer unparalleled trading conditions, which include a minimum deposit of just $5, floating spreads from just 0.02 pips and trade execution in under 0.1 seconds. If that wasn’t enough, every time you make a deposit with this broker you will receive a 50% match bonus into your trading account. If you’re looking for a forex broker to trade with, we consider OctaFX who are regulated by the FCA, to be a very good option.

Account types comparison

You can compare the features of the OctaFX Micro, ECN and Swap-free accounts here.
Min. deposit
5 USD 50 USD 5 USD
Order volume
Minimum 0.01 lot, maximum 10 lots, step is 0.01 Minimum 0.1 lot, maximum unlimited, step is 0.1 Minimum volume – 1K of base currency / maximum volume – unlimited / step – 1K of base currency
Leverage
Up to 1:500
Spreads
Floating, starting at 0.2 pips
Precision
5 digits
Trading tools

12 currency pairs + Gold and Silver

28 currency pairs + Gold and Silver

48 currency pairs + Gold and Silver

Deposit currency
USD or Euro
Deposit options
Bank Wire, Visa / MasterCard, UnionPay, Indonesia Local Banks, Neteller, MoneyBookers
Swap-free accounts
Allowed No Swap. Weekly Rollover
Execution
Market Execution from under 0.1 second
Margin Call / Stop Out levels
When account margin level reaches 25% / 15%
Scalping
detail-available detail-available detail-available
Expert Advisors
detail-available detail-available detail-available
Hedging
detail-available detail-available detail-available
Open Real account

Open Demo account

Open Real account

Open Demo account

Open Real account

Open Demo account

 

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