Trading online can be something highly risky if not done properly and carefully. Utilizing forex trading brokers can serve you well most of the time. Here’s our OctaFX review for 2023.
The OctaFX broker has been offering services for 11 years now. It has a good market reputation and its regulatory work makes it a reliable platform globally.
Traders can enjoy a range of assets and tools, and access various services and customer services. These facilities and features make the platform a good choice for traders.
However, to have a detailed knowledge of the broker, we have discussed this trading app well— OctaFX review.
So, let’s dig into the details.
What is OctaFX?
OctaFX is a financial broker. It was founded in 2011 as a forex service provider. The broker operates under the CySEC license and provides traders with favorable conditions.
It currently has more than 6.6 million users globally. However, the broker is focused on the Asia-Pacific region. It is a popular forex broker in Indonesia, Pakistan, and Malaysia.
The broker aims to provide traders access to the forex market and the best trading services.
OctaFX Review
Official website | www.octafx.com |
Founded in | 2011 |
Minimum deposit | $25 |
Tradable symbols | 80 |
Type of broker | ECN/STP |
Regulation | St. Vincent and the Grenadines and CySEC |
Accepted jurisdiction | 185 countries |
Assets available | Currency pairs, CFDs, Cryptocurrencies, Commodities, and Stocks |
Trading platforms | MetaTrader4, MetaTrader5 and cTrader |
Mobile app | iOS and Android |
Is OctaFX safe?
Yes, the OctaFX trading app is a safe platform. The broker is operating under Octa Markets Incorporated. It has proper registration with the number 19776 IBC 2011. Besides, it has regulation of top authority.
The broker is regulated by Cyprus Securities and Exchange Commission (CySEC) and St. Vincent and the Grenadines. Traders can trust the platform for its reliable services.
In addition, it has various security features for client funds and data safety.
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Assets Available at OctaFX
Traders can access the following markets to trade on the platform:
- Live quotes
- Forex
- Stocks
- Commodities
- Cryptocurrencies
- Indices
- Derivatives for stock and indices
There is the following number of assets in each market:
- 35 currency pairs
- 2 precious metals
- 3 energies
- 10 indices
- 30 cryptocurrencies
Top Features of OctaFX
OctaFX trading app has various features that make it a good choice for financial traders. Below we have discussed the top features that traders can have:
Account Types
The first feature of the OctaFX trading app is its range of account types. The platform provides traders with three account types to trade. These are designed to cater to different types of traders.
Besides, they can have the support of three trading platforms MT4, MT5, and cTrader.
Features | MT4 | MT5 |
Account currencies | USD and EUR | USD and EUR |
Leverage | 1: 200 | 1:500 |
Minimum deposit | $25 | $25 |
Spreads from | 0.6 pips | 0.6 pips |
Commission per trade | $0 | $0 |
Decimal pricing | Up to 5 | Up to 5 |
Copy trading | Available | Available |
Cryptocurrency Available
Another significant feature of OctaFX is the availability of cryptocurrencies. The platform is cryptocurrency-friendly.
Traders can accept cryptos as a funding source and Bitcoin, Ethereum, and other cryptos for trading.
Traders can begin trading in cryptos with a leverage of 1:25 and a deposit of $100.
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Competitive Spreads
The platform provides a range of trading instruments. These include various assets of the market.
The spreads for trading are highly competitive for traders and begin with as low as 0.6 pips. The market execution of trade is within seconds.
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Market Resources
As OctaFX traders can enjoy a range of trading resources, there are educational resources, trading signals, charting tools, live quotes, investment articles, and webinars for client support.
Copy Trading
Users of the platform can have access to copy trading. They can follow top traders to have profitable and successful trades. Thus, it makes trading easy for beginners.
Conclusion
OctaFX is a great trading platform. Traders can trust the platform with the best of services. They can have market resources, account types, best trading platforms, and other services for successful trading.
This article discusses OctaFX services, features, and functions in detail for traders’ understanding— OctaFX review.
A regulated broker with top facilities, security, and competitive client spreads. Thus, a trustworthy forex broker in the market.