✅Review【octafx】broker is scam or safe? Fee、App、pros、cons
- 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
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
Leverage
CySEC (Europe) & FCA(UK):
- x30 for major currency pairs
- x10 for commodities
- x5 for CFD stocks
- x2 for Crypto currencies
Trading fees
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:
| Deposit/Withdrawal method | Currency | Fee |
|---|---|---|
| Mastercard | USD, EUR | 0% |
| Visa | USD, EUR | 0% |
| Bank transfer | USD, EUR | According to bank charges |
| China Union Pay (CUP) | CNY | 0% |
| NETELLER | USD, EUR, INR, BRL | 0% |
| Skrill | USD, EUR | 0% |
| BTC | USD | 0% |
| USDT | USDT | 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
Trading Platform
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.
One of the key strengths of OctaFX’s trading platform is its user-friendly interface, carefully crafted to cater to both novice and experienced traders. The platform’s intuitive design facilitates seamless navigation, ensuring users can access a variety of trading tools, charts, and account features with ease and efficiency.
Customer Service
OctaFx customers support offer 24/7 live support available through live chat email and phone call support base in 12 language
Education
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
OctaFX is a forex trading platform that offers a range of educational resources to help traders improve their knowledge and skills. These resources include a variety of articles, tutorials, webinars, and videos, covering topics such as market analysis, technical analysis, trading psychology, and risk management.
One of the main benefits of the educational resources offered by OctaFX is that they are designed to be accessible to traders of all levels of experience. Beginners can learn the basics of forex trading, while more advanced traders can deepen their understanding of more complex topics.
OctaFX also offers a demo account that allows traders to practice their skills in a risk-free environment. This can be a valuable tool for new traders who want to test their strategies before committing real funds.
In addition, OctaFX offers a range of trading tools to help traders make informed trading decisions. These include real-time market analysis, economic calendars, and trading signals.
Overall, the educational resources offered by OctaFX are a valuable resource for traders who want to improve their skills and knowledge of forex trading. The range of resources and tools available, combined with the accessibility of the platform, make it a popular choice for traders of all levels of experience.
Summary
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
- User-friendly platform: Plus500 offers a simple and intuitive platform that is easy to use even for beginners.
- Wide range of financial instruments: Plus500 provides access to a diverse range of financial instruments, making it easy for traders to diversify their portfolios.
- No commissions: Plus500 does not charge commissions on trades, which can make trading more cost-effective.
- Limited research and educational resources: Plus500 provides minimal research and educational resources for traders, which can make it difficult for beginners to learn about trading strategies and techniques.
- Inactivity fees: Plus500 charges an inactivity fee if you do not log in to your account for a certain period of time, which can be a disadvantage for occasional traders.
- Limited customization options: Plus500 offers limited customization options, which can be a disadvantage for advanced traders who want to tailor the platform to their needs.
MultiBank Financial Bank provides a well-regulated trading platform and spreads, and has multi-country supervision, which basically ensures that your capital is generally recognized as safe on this trading platform. The only drawback is that it must be conservative in innovation in order to comply with supervision. Concessions have also led to the fact that although they are ahead of their competitors in the early trading interface, emerging competitors also provide better customer experience. However, MultiBank Chase Financial Bank is rushing to catch up with these competitors. By focusing on customer experience as a priority, the platform provides excellent Customer service.
The platform is suitable for traders who have been trading for many years, and is suitable for medium and long-term investment advice, and because the platform has restrictions on scalping banned, this trader is suitable for companies to invest in hedging transactions as a hedge market A volatile trading broker
- Excellent customer service
- Excellent trading interface
- Multinational supervision regulation
- High financial security
- Lack of trading signals
- No novice teaching
- Prohibition of scalping trade
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
overall we talking about VanTage FX it's worth to use ? for first level regulation they getting reducing leverage low as 30 below , but in VanTage FX you can feel free flexible change your regulation between second level regulation up to 500 leverage , Overall VanTage FX are in list
- Various deposits way
- Support Copy Trade
- Fully and Free education
- Free VPS
- Only English education
- less CFD stocks
5 different trading platform to choice , than also consider copy trading make trading more relax to balance your Work and trading multiple languages online Support compare with other trading broker ,avatrade spend more attention on the costumer service , which they give more information and help for newbie Trusted deposit by famous bank from european , and also offer Highly rank regulation which mean you can enjoy your capital safely with government guarantee your money.
- multiple choice copy trading
- Well customer support
- Friendly mobile trading app
- less Stock
- Expensive Trading Stock fee
Reference
MT4 and MT5 Trading platform introduce
OctaFX wiki
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