What is OctaFx?
OctaFx Started since 2011 offer Forex trading investment is kind new brand of forex trader in market , unfortunately and fortunately under CySEC(EU) regulation therefore only offer low leverage Forex trading , which is limit risk for client for beginner there so important to learn and use to in low leverage
OctaFX Safe or a scam?
We have checked that OctaFX is subject to national/regional and government regulations, so it is also suitable for safe transactions and negative balance protection. Therefore, if your loss exceeds your deposit, your loss of funds will not exceed your own capital, if In the event of certain uncontrollable market risks, you will not need to pay additional losses in excess of the principal
CySEC (Europe):Company Registration Number: 372/18
CySEC (Europe) & FCA(UK):
- x30 for major currency pairs
- x10 for commodities
- x5 for CFD stocks
- x2 for Crypto currencies
So fee strategy is different according to the platforms while MT5 offers you spread only basis with a minimum spread of EUR USD 0.2 pips, which is a very good offering compared to industry standards. And cTrader brings you access to raw spread from 0 pip for EUR USD pair plus the commission charge of 3$ pet lot. Also, see below the comparison table with a typical OctaFX Spread and compare brokers to other CFD Brokers with CFD fees, commission or inactivity fee if applicable.
Deposits and Withdrawal
Minimum deposit :100$ fee are 0 %
amount is only 100$ allowing to open either Micro Account or a Standard One, in case you wish to trade with Zero account minimum deposit is competitive also, demanding 100$ as a start. However, the amount varies according to the chosen payment method and trading account validation status. Yet, you can read and find all the necessary info in the Members Area.
list of support deposit:
|Bank transfer||USD, EUR||According to bank charges|
|China Union Pay (CUP)||CNY||0%|
|NETELLER||USD, EUR, INR, BRL||0%|
Minimum Withdrawal: 25$ fee is 0$
no matter how much money you withdraw is Free each time, but by wire, transfer bank could be take up to 20 $ this has taken by the bank
withdrawal are spend 3~8 days by wire transfer
withdrawal are spend 3~5 days by Credit card depend bank working days
MT5 is major platform for trading on OctaFX which can gain more low fee spread for trading , but also you can use MT4 Or to use advanced and very powerful capabilities of cTrader.
more trader friendly software while cTrader is more sophisticated technology also the one that offering ECN Direct Market Access which might be a better option for professionals.
OctaFx customers support offer 24/7 live support available through live chat email and phone call support base in 12 language
OctaFx offer fully education for beginner user about the trading process, webinars or analytical research also available with user friendly , on main page you can easy to find out ,Free Forex signals Get automated alerts , also you can find out Copy Trading service combine with Monitoring , which enough for trader earning more money when they offer someone copy they trading math , Analytics also offer time counter which you can easy to get know what’s next big event in market
Overall OctaFx offer clean high quality trading experience also flexibility in terms of conditions, platforms and instruments it proposes. one of pity is there only offer 30x leverage use which mean is under regulation at CySEC (Europe) , but also reduce trader low risk trading environment
More Trading Broker Platform You Might Interesting
The full name of FXTM is Forextime Ltd was founded in 2011 by Andrey Dashin, who is also a major shareholder of online broker Alpari. Since the launch of FXTM, the platform has been expanded to include the MT4 and MT5 platforms developed by MetaQuotes Software, headquarter local at Cyprus 35, Lamprou Konstantara Street, FXTM Tower, Kato Polemidia, CY-4156 Limassol.
- Provide multiple execution strategies by account type
- Regulated by several agencies
- Including regulation outside the EU
- Provide crypto currency CFDs
- FXTM Invest supports automated trading
- ECN accounts have leverage limit requirements and margin limits
- Certain market areas are divided by account type
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- The maximum order volume per transaction is 30 standard lots
eToro is founded at 2007 in Israel by Yoni Assia, Ronen Assia, David Ring, from beginning they aiming Stock and forex trading platform for every person in the world, with friendly innovation web-trading platform make every person can easily get started without deep financial acknowledge, now eToro serves more than 13 million users from around 150 worldwide countries.
- Great Social trading environment
- Free Stock and ETF trading options
- demo Account available for practice
- Quick response and relevant answers
- Availability of Live Chat
- Customer-friendly layout
- Supporting Android and iOS
- Standard login without Face ID option
- No MetaTrader4 offered
- Limited range of tools and analysis
- Only Web Version of the platform
Pepperstone founded in 2010 offer forex and CFD stock trading service base on Asia-pacific, office and headquarter located in Australia, offer low ping and high quality price quote without slippage. In average Pepperstone is not one of broker which offer fantastic trading app but reliable and fairly trading broker platform, why said like it ? Because most broker usually going price slippage but in pepperstone such report are no usually happened, so for day-trdaer and mass Quantitative Trader are really important even your small trader that's one of crucial priosity.
- Low slippage
- Low ping support VPS
- High speed respown time
- less CFD stock
FBS Broker founded in 2009 , operation main is Asia located at 89, Vasileos Georgiou Street, 1st Floor, Office 101, Potamos Germasogeias, 4048 Limassol service over 700 thousand people in the worldwide including China Indonesia, Russia, the Philippines and even Malaysia has operated office ,FBS is also regulated by Cyprus, a subsidiary of Tradestone Limited, which is a popular jurisdiction for foreign exchange transactions. Tradestone Limited is regulated by the Cyprus Securities and Exchange Commission. According to the MiFID directive, all brokerage companies regulated by CySEC have the right to conduct business in the EU. This makes FBS a safe company that currency traders can invest in.
- friendly user App
- Provide multiple account types
- homepage user Friendly
- well education
- less Stock CFD
- Limited product portfolio
- less regulation broker
Lite FX is an international broker that provides favorable and transparent trading conditions and various services for global clients, including STP and ECN accounts. Customers can use various trading tools, such as CFDs、currency pairs、exchange rates、 precious metals、world stock indexes and oil . they offer trader well trading UI without downloand MT4 or MT5 which is convenient than traditional broker Lite Forex has more than ten years of operating history, and now there are many trader. Its headquarters is in Cyprus
- Easy to use.
- Have advanced charting and drawing tools.
- Allow social Copy Trading
- It is suitable for mobile phones and desktop computers.
- It is easy to customize.
- Let traders get FX news from reliable sources.
- only regulation in CySEC
- limited Leverage
- less stock
- high fee withdraw
- 0$ Withdrawal fee
- Micro Lot trading available
- Price alerts and push notifications
- Fee Report
- Inactivity fee
- High Indices spread
- Limited deposit and withdrawal option for European clients
Specification: ✅OctaFX Broker Review | Scam Status :✅Safely