✅OctaFX Broker Review | Scam Status :✅Safely

✅OctaFX Broker Review | Scam Status :✅Safely

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7/10 (Expert Score)
Product is rated as #10 in category Broker
Broker with a good reputation among years of operations and regulatory obligations imposed by the CySEC
Trading Conditions
8
Trading Fee
8
Trust Rating
7
Deposits and Withdrawal
10
Customer Service
9
APP
7
User friendly
7
PROS:
  • 0$ Withdrawal fee
  • Micro Lot trading available
  • Price alerts and push notifications
  • Fee Report
CONS:
  • Inactivity fee
  • High Indices spread
  • Limited deposit and withdrawal option for European clients
OctaFX Company official website
OctaFX Company official website

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 Cryptocurrencies

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

OctaFX Trading fees
OctaFX Trading fees
OctaFX Deposits and Withdrawal
OctaFX 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 methodCurrencyFee
MastercardMastercardUSD, EUR0%
Visa-CardVisaUSD, EUR0%
Swift國際電匯Bank transferUSD, EURAccording to bank charges
銀聯卡China Union Pay (CUP)CNY0%
NETELLERNETELLERUSD, EUR, INR, BRL0%
SkrillSkrillUSD, EUR0%
✅OctaFX Broker Review | Scam Status :✅Safely world leading stock & Fx broker views platform Get access to the most complete set of independent reviews of Forex brokersBTCUSD 0%
✅OctaFX Broker Review | Scam Status :✅Safely world leading stock & Fx broker views platform Get access to the most complete set of independent reviews of Forex brokersUSDTUSDT 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 tradsfer
withdrawal are spend 3~5 days by Credit card depend bank working days

Trading Platform

OctaFX Copy Trading
OctaFX Copy Trading

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.

Customer Service

OctaFx cutomer support offer 24/7 live support available through live chat email and phone call support base in 12 language

Education

OctaFX education
OctaFX 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

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

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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

More details +
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
Trading Conditions
7
Trading Fee
9
Trust Rating
8
Deposits and Withdrawal
10
Customer Service
10
APP
7
User friendly
7.5
PROS:
  • Various deposits way
  • Support Copy Trade
  • Fully and Free education
  • Free VPS
CONS:
  • Only English education
  • less CFD stocks
Added to wishlistRemoved from wishlist 0

As a typical Swiss bank, Dukascopy bank provides reliable supervision. It also provides a low-latency transaction server while opening an account. You can apply for a bank card and bind Apple Pay or Google Pay. This saves the inconvenience of withdrawing money, although the platform itself It does not provide copy orders and transactions, but this problem can be solved by binding EA automatic trading, and there is a trading community for communication and the trader provides a maximum of 500~1500 trading bonuses per week

Although Dukascopy offers JForex trading platform with a wide range of advantages and impressive features, some beginners may find that it takes more time to learn how to use it compared to other platforms.

Dukascopy also offers a wide range of advanced trading and research tools, including SWFX sentiment index, market news and research, calendar, foreign exchange calculator, COT report and Dukascopy TV.

More details +
As a typical Swiss bank, Dukascopy bank provides reliable supervision. It also provides a low-latency transaction server while opening an account. You can apply for a bank card and bind Apple Pay or Google Pay. This saves the inconvenience of withdrawing money, although the platform itself It does not provide copy orders and transactions, but this problem can be solved by binding EA automatic trading, and there is a trading community for communication and the trader provides a maximum of 500~1500 trading bonuses per weekAlthough Dukascopy offers JForex trading platform with a wide range of advantages and impressive features, some beginners may find that it takes more time to learn how to use it compared to other platforms.Dukascopy also offers a wide range of advanced trading and research tools, including SWFX sentiment index, market news and research, calendar, foreign exchange calculator, COT report and Dukascopy TV.
Trading Conditions
10
Trust Rating
10
Trading Fee
7
Deposits and Withdrawal
5
Customer Service
10
APP
10
User friendly
5
PROS:
  • Bank card instant consumption
  • Support cryptocurrency deposits
  • No withdrawal fees
  • Low latency Trading
CONS:
  • Low leverage
  • The minimum deposit amount is 1000$
  • No copy trading
Added to wishlistRemoved from wishlist 2
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 brokerLite Forex has more than ten years of operating history, and now there are many trader. Its headquarters is in Cyprus
More details +
The trading platform used by Lite Forex is one of the best technological advancements and fascinating features. This enhances the trader's experience when executing trades.
Trading Conditions
10
Trading Fee
9.5
Trust Rating
7
Deposits and Withdrawal
4
Customer Service
9
APP
10
User friendly
9.5
PROS:
  • 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.
CONS:
  • only regulation in CySEC
  • limited Leverage
  • less stock
  • high fee withdraw
Added to wishlistRemoved from wishlist 3
FxPro  are Trading platform base on MT4 adn MT5 broker were offer stock and fx CFD broker  . since 2006 In  UK  now they claim they have 3 million client over world FxPro says they are well‑known throughout the industry as a trustworthy and reliable broker. They are regulated by the FCA, CySEC, FSCA, DFSA, and SCB (Scam) and we don't suggest
More details +
Overall FxPro offer friendly front UI from client , and over 30 languages Customer  , and multiple regulation for Clients  but it doesn't mean this safely for use  , in past some broker even force clients change they are regulation depend what's happen in near future , for broker they can easy switch Clients's regulation if necessary benefit for company  and this why we don't fully trust at FxPro when they own a regulation license from unknowing Fraud regulation 
Trading Conditions
8.5
Trading Fee
8
Trust Rating
3
Deposits and Withdrawal
10
Customer Service
8
APP
8
User friendly
10
PROS:
  • Real-time news
  • Above average product offering
  • Transparent pricing
CONS:
  • Relatively high fees
  • No anonymous demo account
  • Weak educational platform

Reference

MT4 and MT5 Trading platform introduce

OctaFX Cysec

OctaFX wiki

Specification: ✅OctaFX Broker Review | Scam Status :✅Safely

Minimum deposit

100$

Withdrawal fee

0$

Trading platform

cTrader, MT4, MT5

Forex Leverage

500+

CopyTrading

yes

Forex pair

50+



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✅OctaFX Broker Review | Scam Status :✅Safely
✅OctaFX Broker Review | Scam Status :✅Safely
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