OctaFX Review, Rating and Comparison

Overview

OctaFX Trading Accounts

Rank
5.75/10
Based on 12 Reviews
Position in Rating
53
Since 06 August, 2015
Vote
Company Reviews
«I Trust» 0% (0) Standart 100% (12) «Scam Alert» 0% (0)
Official Name
OctaFX
Headquarters
Cedar Hill Crest, Villa, Kingstown, St. Vincent and the Grenadines, VC0100
Offices in
Saint Vincent and the Grenadines
Year founded
2011
Official Website
Official e-mail
Phone numbers
+85258088865
+442033221059

OctaFX broker started its activities in 2011, and is owned by the Octa Markets Incorporated. The company is registered in St. Vincent and the Grenadines and has a license to provide brokerage services. During its work Octa FX repeatedly received prestigious awards in Central and Eastern Europe and in Central Asia. Also broker holds regular contests with various prizes.

Rating chart

Detailed Information

Min. Position Size, lot:
0.01
Min. Account Size, $:
5
Max. Leverage
1:500
Spread:
0.2
Payment Options:
FasaPay, Neteller, Skrill (Moneybookers), Bank Wire Transfer, Visa \ MasterCard
Regulation:
SVGFSA
US Traders:
Demo Platforms:
MetaTrader 4, Own platform
Account Currency:

USD, EUR, GBP, AUD, CAD, CHF, DKK, JPY, NZD, PLN, SGD, CCK, HKD, HUF, MXN, NOK, SEK, TRY, ZAR, HRK, XAU, XAG, RUB

Website Languages:
English, Spanish, Portuguese, Indonesian, Chinese
Support Languages:
English, Indonesian
Support Methods:
Callback, Phone, Email, Live chat
Trading Server Timezone:
GMT +2
VPS for Traders:
Use VPS straight from MT4 terminal.
Micro
ECN
Min. Position Size, lot:
0.01
Min. Account Size, $:
5
Maximum leverage, 1:
500
Spread Type:
Variable
Typical spread on EUR/USD, pips:
0.8
Min. spread on EUR/USD, pips:
0.2
Trading Instruments:
Forex — 1:500
Gold & silver — 1:500
Trading Platforms:
MetaTrader 4
Digits after the decimal point in quotes:
5
Margin Call Level, %:
25
Stop-out Level, %:
15
Additional Features:
  • Swap Free
  • Telephone dealing
  • Scalping
  • Expert advisors
Min. Position Size, lot:
0.1
Min. Account Size, $:
50
Maximum leverage, 1:
500
Spread Type:
Variable
Typical spread on EUR/USD, pips:
0.8
Min. spread on EUR/USD, pips:
0.2
Trading Instruments:
Forex — 1:500
Gold & silver — 1:500
Trading Platforms:
MetaTrader 4
Digits after the decimal point in quotes:
5
Margin Call Level, %:
25
Stop-out Level, %:
15
Additional Features:
  • Swap Free
  • Telephone dealing
  • Scalping
  • Expert advisors

OctaFX Reviews

avatar
10 July, 2018

Tamir from Turkey

2

It's a terrible platform. After the platform was rebooted, the money from my account somehow disappeared. There wasnt deal in history. I dont advise.

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14 June, 2018

Rabiye B from Europe

1

Here gathered thieves and goons SCAM. DO NOT LISTEN to these MISTERERS, they have the opportunity to REMOVE MONEY. U CAN LOSE ALL MONEY

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20 March, 2018

Roald Veerag from Ireland

4

I must warn everyone that OctaFx is a Scam Broker that forcibly closes the account to winning clients and after that, blocks clients profit withdrawal requests. I made a deposit on this broker and after that they blocked my account and demanded to send hard copies of my documents with government notarial assurance! It like other broker scammer, i thought this a good broker...

avatar
01 March, 2017

Pin from Hong Kong

9

I've benn trading with this broker for 11 months, so I tradied a lot of their services. Withdrawal takes up to 2-3 days, also their support helps me on technical issues. I dont need any bonuses, just trading with reliable broker. It's very important to me to know that broker doesn't trade against me

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28 April, 2016

MelisKay from France

5

Nothing fantastic about this broker as some people write but no serious bad stuff that I encountered while trading with them. Good and can be dealt with - that's my say.

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30 March, 2016

Absolute from Netherlands

8

I switched to Octa from an older broker because their conditions seemed to worsen and worsen over time, and Octa so far gives a pretty good picture. I'm not super amazed so nothing too special (exactly as one of other reviewers here stated) but no unpleasanties neither. Stability is the key for me in forex trading so I'm pretty positive and calm with Octa. Also I traded in one of the demo contests and won a small prize which is cool.

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23 October, 2015

Sergio Mattos from Brazil

8

First I tested the broker manually. Then tested it with the EA. Execution is same on orders of both small and large lots. Stuffing was not observed. Same with "stops hunting". At a low volatility all the ticks are drawn, without any additional movements.

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15 October, 2015

Dominic from Mexico

7

I'd like to post my review about this company. I would give A mark for helpfullness and informativeness of their support service. Spreads for main currency pairs deserve respect. Personal cabinet is a bit inconvenient, but I am rather pleased with everything else.

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24 September, 2015

TOMAS LUKAC from United Kingdom

7

Frankly speaking I am not that good of a trader and I don't have enough for investing. But their sweet IB partner program have allowed me to get money on a new shiny car. In just half a year I was able to buy a Porsche Panamera. Now all girls want get a ride. And I don't mind at all.

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15 September, 2015

Ricardo Alfredo Anaya Borja from Mexico

8

Many people take forex as a market for big companies, but not for individuals. I think that is totally wrong. I think trading is the same as interacting with people. You just have to understand in what way swing. Of course if your broker has huge spreads than your swings have to be on orbital scale. Good thing that broker has it's 0,1.

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