Octafx Review: Updated Octafx Forex Broker Overview

Octafx Logo

This is a Different and Updated Octafx Review as we Have our  Loyal clients with OctaFX since 2013 From more than10 Countries. 

So, Please Read Carefully as we will give an Honest Review and all the information you need about octafxForex Broker.

Let’s start with The most common questions about octaFX Broker and at the end, you will get Our Final  octafx Review 

OctaFX Broker Scam or Legit?

This is one of the most common questions about octafx Broker, Traders Like you want to start Trading and make money but afraid asking himself If I made profits will I get these Profits or Not.

That’s why we made This Honest OctaFX Review and we will be honest with you. Just Please keep Reading the full article. But to summerise OctaFX Is Not SCAM and you will know why! and will know the Pros and Cons of OctaFX.

Octafx Spread

OctaFx Spread is really competitive, There are Three account Types with octafx with Different Spread For Example :

Micro Account: Floating, starting at 0.4 pips Fixed, starting at 2 pips. ( No Commission )

Pro   Account: Floating, starting at 0.2 pips  ( No Commission )

Ecn   Account: Floating, starting at 0 pips ( But Please Note There is Commission )

Please check Our Octafx Spread Review Here : Octafx Spread Review

Can I start Trading with Octafx Broker in My Country? 

The Answer is Yes, octafx Is Available For All Countries Except 

Belarus | Brazil | Cuba | Cyprus | Iran | Iraq | Kazakhstan | Libya | Niger | North Korea | Russia | Sudan | Syrian Arab Republic | Ukraine | United States | Virgin Islands, U.S.

OctaFx Available Account Types :

Demo Account: octafx offers an excellent unlimited Demo Account option, available on MT4, MT5, and cTrader. It offers real market conditions and a chance to win real money in a monthly Champion Demo Contest.

MT4 (Micro) Account MT5 (Pro) Account cTrader (ECN) Account
With the MT4 (Micro) Account, you can choose either a floating spread, starting at 0.4 pips or a fixed spread, at 2 pips, depending on your preference. This account requires a minimum deposit of 50 USD (though 100 USD is recommended) and no commission is charged on trades. Leverage is fixed at 1:500 for Forex trading and the margin call/stop out is 25%/15%. Metals, indices, and Cryptocurrencies can also be traded (though leverage will be lower and is set at 1:2 for cryptos). The MT5 (Pro) Account only offers a floating spread, starting at 0.2 pips, and requires a minimum deposit of 500 USD. No commission is charged on this account either but leverage for Forex trading is fixed at 1:200 and the margin call/stop out is set at 45%/30%. There are no swaps on this account and overnight commissions are charged after 3 days. As with the MT4 account, both CFD and Cryptocurrencies can also be traded. The cTrader (ECN) Account also only offers a floating spread, but this starts at 0 pips. A commission is charged on trades and a minimum deposit of 100 USD is required. Leverage is fixed at 1:500 for currencies and 1:200 for metals – cryptocurrencies and CFDs are unavailable with this account. Margin call/stop out is set at 25%/15% and overnight commissions are only charged over weekends.

OctaFx Regulation

Founded in 2011 and regulated by CySEC since 2018 (license 372/18), OctaFX is a well-respected and secure broker. All funds are properly segregated, and the company has received many awards over the years for its quality of service.

The company was briefly regulated by the FCA (the UK’s Financial Conduct Authority) from 2015 to 2017 (ref: 679306) but decided to not renew its license after the Brexit referendum and instead kept its focus on the EU market.

OctaFx Regulation

OctaFx Office Locations : 

Octafx Office Loctations

United Kingdom, Hong Kong, Indonesia, Cyprus, Malaysia, Thailand

OctaFx Copy Trading Review :

For many Traders who just want to invest their money for returns, OctaFx offers Copy Trading which is perfect For Newbies to Make some money following professional Forex Traders without taking risks at Beginning of their Trading Career.

  • Please Note: You will lose your Money If you didn’t choose the right Trader To Follow and our advice for you is to depend on yourself in Trading without copying other Traders, They aren’t better Than you and we will Try To Help Our Loyal Clients with Professional Forex Strategies, Books and more to Help Them in their Trading.

What is Octafx Minimum Deposit?

  • The minimum deposit amount is $50.00, PLease note that you Can Get a 50 % bonus on Your deposit. The Bonus on deposit can help you in your trading as it helps you to open more Trades.
  • There is no Commission On your Deposits Or Withdrawals when you use payment methods Neteller Or Skrill.
  • You can use Neteller, Skrill, and Bitcoin with No Commission, Yes No Commission.

OctaFx Available Leverage 

  • OctaFx Has no dealing Desk with Leverage up to 1:500 

OctaFx Deposits 

OctaFx Deposits

OctaFx Withdrawals 

OctaFx Withdrawals

Negative Balance Protection

  • Please Before you start trading with any broker not just OctaFx broker ask support using Live Chat or Support Ticket If they are protecting your from Negative Balance Protection Or not. If Not leave them Immediately because in some cases you will be asked to pay more than your investment.  Octafx Protect you From Negative Balance Protection.
OctaFx Negative Balance Protection

Here is a question From the OctaFx Broker website about the Negative Balance Protection and the Answer From OctaFx, So you are Totally Safe From Negative Balance Protection.

OctaFx Negative Balance Protection

Demo Contests

OctaFX runs two separate demo account contests, one on the MT4 platform and the other on the cTrader platform. The cTrader demo contest runs for one week and the participant with the largest demo account balance at the end of the week will win 150 USD, with smaller prizes for the rest of the top five. The MT4 demo contest works the same way, except it runs for four weeks and the grand prize is 500 USD.

Weekly OctaFX Broker Rewards ( Cash Prizes ) 

OctaFX Broker Rewards

You Can Win Cash Prizes. More than 5000 Trader competing to win OctaFx Rewards

What are the prizes?

  • 1st prize gets 500 USD
  • 2nd prize gets 400 USD
  • 3rd prize gets 300 USD
  • 4th place gets 60 USD
  • 5th place gets 40 USD

Prize funds are credited to the client`s Wallet and can be withdrawn anytime.

Only Five Easy Steps To Join  

OctaFx Ctrader Contest For Cash Prizes

If you Use Ctrader you Can Find the second contest and next chance to Win Cash Prizes 

OctaFx Ctrader Contest For Cash Prizes

Can I Trust OctaFx to Start Trading?

  • Your Funds Is Secure and untouched.

Segregated accounts

  • OctaFX uses separate accounts to keep protected customers’ funds segregated from the company’s balance sheets. This keeps your funds secure and untouched.
  • SSL-protected personal area
  • Your Data is safe and can’t be accessed by Third Party 
  • OctaFx uses Highly secure technology to protect your personal data and financial transactions.
  • 3D secure Visa authorization
  • OctaFx applies 3D secure technology when processing credit and debit cards. This technology makes all Visa transactions transparent and safe.

OctaFx Awards Since 2012

  • Best FOREX BROKER ASIA 2020
  • Best FOREX BROKER INDIA 2020
  • Fx Daily Info Best ECN/STP Broker 2019
  • Best  ECN BROKER 2020
  • Fx Daily Info Best Forex Broker Asia 2019
  • Global Banking and Finance Review Best Forex Broker Asia 2018
  • European CEO Magazine Best FX Broker 2018
  • European CEO Magazine Best Trading Conditions 2018
  • Forex Awards Best Copy trading Platform 2018
  • Forex Awards Best Trades Execution 2017
  • European CEO magazine Best Trading Conditions 2017
  • UK Forex awards Best Forex ECN Broker 2017
  • European CEO magazine Most Transparent Broker 2017
  • Forex Report Magazine Best Trading Conditions 2016
  • FX Empire Best International Broker 2015
  • Forex Traders Best Islamic Account Forex Broker 2015
  • European CEO magazine Best STP Broker 2015
  • FX Empire Most Reliable Broker 2014
  • Global Banking and Finance Review Best ECN Broker Asia 2014
  • World Finance magazine Best Broker Central Asia
  • Global Banking and Finance Review Fastest Growing Micro Forex Broker 2012
  • Note: Yes these awards are indicators that OctaFx is Growing Fast and Trusted Broker but these can’t be the only reason to start Trading using Octafx broker. There are other reasons to choose the broker like spreads, commissions on deposits and withdrawals, NO SWAP, and more will be discussed here On www.octafxreview.Com  … 

OctaFX Trading benefits :

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss is one of best benefits you can find .
  • Offers Negative Balance Protection

Where is OctaFX based?

OctaFX’s registered address is Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines.

Does OctaFX use MetaTrader?

Yes, OctaFX does offer MetaTrader 4 and MetaTrader 5 for Desktop, Web and Mobile.

Can I Make Deposit With Bitcoin  ?

All Of Us Love Cryptocurrencies , And Yes You can make your Deposit and withdraw With Bitcoin

Finally This is Our Review For Octafx Broker

Our Experts Found that OctaFx Brokers Can Be Reliable and Trusted Forex Brokers . Why ? 

  • For Newbies and Professional Traders both, For Newbies They Can find unlimited easy registration for Demo Accounts so they can learn and that’s what we suggest they do practice first and learn with Demo Accounts when they are able to make money Then make a deposit and Start Trading, For Professional Traders they can find everything available Mobile application To Trader Everywhere, All Strategies are available except the abuse of using Arbitrage, Fast and Friendly support ready to help you 

( Live Support) , Experts are Allowed , Simply Everything helps you Succeed in Forex Is available . 

  • Auto Chartist: Don’t depend on it completely But really can help you Take Decisions and it is FREE with OCTAFX.
  • Instant Deposit ( For Neteller and Skrill ) Minutes For Bitcoin.
  • One Of The Most Important Deposits and withdrawals With Bitcoin which isn’t available in most Brokers.
  • Contests with CASH PRIZES, Yes weekly contests which will help you make more money and improve your trading skills.

We tried to Answer all your questions But we are here if you Have any questions Not answered Yet just leave a comment down and we will help  .

As we really help our clients and want you succeed please leave a comment or just send e-mail to us To Send ( Free Gifts ) That help You Master The Markets and Trade Successfully .

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