OctaFX Review : Scam or legit forex broker?


OctaFX minimum deposit is $25 allowing you to open an account and start trading. However, the minimum deposit amount may vary depending on your region and the payment method you choose. Being able to access your funds at any time with ease and convenience is another point with a regulated broker and our OctaFX Review. So together with its strict money management rules, you may fund your account by deposit through a bank account with no complication.

octafx scam or legit

Unfortunately, we couldn’t identify you on our system and verify your account since you didn’t provide your OctaFX account information. Thus we’d appreciate it if you could reach out to us at and share this data with our team. You can also message us via social media, and we’ll be happy to look into this for you. By taking this chance, we want to underline that OctaFX is a reliable Forex brokerage that always complies with its payment obligations and values its customers. We ensure the fastest order execution and aim to offer one of the most competitive trading conditions in the industry.

Moreover, they provide detailed educational resources as many other brokerages also offer. With excellent support to accompany its ample trader education resources and regulated approach, OctaFX represents a great place to start trading or deploy an existing strategy. OctaFX MetaTrader 5MetaTrader 5 is one of the most popular trades on one of the most popular platforms in the world. MT 5 is the world’s number one multi-asset platform provider of futures, forex, CFD, exchange-traded instrument trading.

To make it easier for traders to withdraw funds, OctaFX has set a low minimum withdrawal threshold of $ 5. OctaFX also does not charge any withdrawal fees, although the trader may have to pay a third-party fee when processing the payment. OctaFX was founded in 2011, and today is one of the leading online Forex and CFD brokers. The brand rights and all reins of management are concentrated in Octa Markets Incorporated, registered in the islands of Saint Vincent and the Grenadines.

The range of products offered, while it does cover all of the major areas for trading which may be of interest, is not as extensive as offered by many other brokers of a similar stature. This is particularly true of the forex currency pairs being offered. OctaFx Copy Trading is a great way for new investors to get started in the forex market.

Trading conditions

OctaFX was also named “Best Brokerage Support” by FX Empire. In 2015, the OctaFX broker was nominated by Forex Report for the title of “Significant Contribution to the Development of the FX Industry” and received the title of “Best STP Broker of 2015”. In 2016, OctaFX again received awards – the tags “Best STP Broker,” “Most Open Broker,” was added to its piggy bank, and the company was also nominated for other titles.

  • WebTrader is a popular and convenient trading platform like MT4 and MT5.
  • MT 5 is the world’s number one multi-asset platform provider of futures, forex, CFD, exchange-traded instrument trading.
  • They also have an incentive because they get the option to redeem 100% deposit bonus instead of 50%.
  • The functionality that has made MetaTrader a market leader is the ability to use Expert Advisor bots for automated trading.
  • Select one or more of these brokers to compare against OctaFX.

Every broker has to meet certain rules and criteria to get this government license. If a broker violates the rules or attempts to commit fraud, the license will be permanently revoked. You may know that there is no guarantee of making money in online FX trading. So we think it is very important to move towards the trading platform with your prudence, practical humanity, and knowledge. To be successful in online trading you need to go through many steps like practice, time, patience, and much more.

FAQ – The most asked questions about OctaFX :

OctaFX broker does have permission to operate within the EU based on its CySEC license. They can operate only partially in the UK, without a possibility to offer CFD Crypto trading to UK clients. As previously mentioned, this company, or better said its branch Octa Markets Cyprus Ltd, has a CySEC regulation. This gives the company the authority to trade with EU clients and to provide limited trading to the UK clients. In addition to the cash prizes for the winners themselves, the competition also allows traders to hone their trading skills without risking account balances.

octafx scam or legit

If local law allows them, clients can use the services of the offshore company through the domain. Withdrawing profits to a designated bank account or ewallet is a simple process with OctaFX and can be done with a few clicks of your mouse. One of the best benefits of OctaFX is its speedy transfer times for both deposits and withdrawals along with no commissions for either of these activities or currency exchange. You can use a free demo account to evaluate the platform first before depositing.

Kindly rest assured that our team is always happy to help in case our traders face any struggles. Since the rules are set for a reason, the purpose of the rules within the forex market regulations is to protect against the risk of a complete loss of capital. Also protection to the investor against fraud and untrusted brokers. Generally, regulation is the most important and critical point within a forex broker and so it’ll be our first point to discuss within this review. The minimum deposit according to an OctaFX rep is $20, but they recommend $100 across all types of account.

OctaFX allows mobile trading (app)

Minimum deposits at OctaFX will vary depending on your country of residence and your chosen payment method. They can go as low as $25 when funding with Visa/Mastercard, to 50 euros when using Skrill/Neteller to as much as 500,000 Indian rupees . It’s important to note that minimum deposits and trading costs will also depend on which OctaFX entity you choose for establishing your trading account.

OctaFX offers multiple trading tools to make you more convenient such as a trading calculator to calculate the pip prices and swaps for the particular position. Moreover, they have a profit calculator embedded in their platform from where you can calculate your profits by putting in some inputs only. Live quotes are also there so that you can keep your eye on each asset.

octafx scam or legit

OctaFX Copy Trading is a great way to get started in the world of online trading. With a minimum deposit of just $25, you can start copying other traders and earning profits from their successful trades. OctaFX also offers a demo account so that you can try out their platform before committing to live trading. OctaFX trading conditionsThe minimum deposit you can invest is 100$ or 100€ which is guaranteed at a much lower price than other brokers in the market. It is the best of OctaFX to make a conventional offer that you can apply and accept.

Market maker broker

Note that US clients are currently not permitted to register with OctaFX. OctaFX is one of the best platforms where traders and investors will have many advantages. First, it charges no commission, and the spreads are also tight to ensure everyone knows the details. OctaFX broker is very specific when it comes to trading instruments. They offer 28 currency pairs, 10 different indicies, several commodities, and 3 major cryptocurrencies – BTC, ETH, and LTC. Withdrawals from the account are usually carried out using the same payment method as the first deposit.

With low opening balance requirements and narrow spreads, OctaFX is ideal for investors who are seeking an affordable way to start trading a wide variety of assets. You will get additional money to increase your margin if you activate the bonus. But first of all, you can not pay out the bonus, you can only use it to make more profit. For withdrawal of the bonus, you have to do a certain turnover in trading volume . All online trading activities are regulated by government financial authorities, so trades play a very important role. The license used in trading helps to build a confidential relationship with the customer and build a strong foundation.

They are available on every platform to make it convenient to trade from anywhere 24/7. offers another option that is very suitable for beginners or for people who do not have a lot of time – copy trading. This service, also known as social trading, allows you to automatically copy the trades of a proven trader of your choice and thus benefit from their flair and experience. It should be noted that the entire range of trading platforms is only available to clients. Those trading through can do so only through MetaTrader 5. provides investors with a very solid selection of trading software.

Overall, we found OctaFX stable and easy to use, with all the platform’s essential features functioning smoothly. The accounts that you can create with OctaFX are MetaTrader 4 Micro, MetaTrader 5 Pro, and cTrader ECN. OctaFX is running a scam in India, which even Indian national news warned about. OctaFX is an offshore broker, which is usually a sign that the broker cannot be trusted. Therefore, we can say that the company is considered not safe, which you can see in our professional OctaFX review.

Let me tell you through this Octa fx review that the broker was authorized and regulated by the UK’s Financial Conduct Authority until recently. That is, FCA requires some strict octafx broker reviews rules that agents must adhere to in order to obtain the license. For instance, the brokers must hold at least £730,000 in tangible assets to prove their financial stability.

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