OctaFX Review: Is OctaFX Trading App Safe? (2023)

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 review

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.