OctaFX

Operational Since:

2011

Country where domiciled:

Saint Vincent and Grenadines

International offices:

Headquarters: Cedar Hill Crest, P.O. Box 1825, Villa, St. Vincent and the Grenadines; 2 Devonshire Square, London, England, EC2M 4UJ, Live Chat, Phone: "United Kingdom: +44 20 3322 1059 - Hong Kong: +852 5808 8865 - Indonesia: +62 21 51111801 - Whatsapp (Texts only): +34 605 122 333", Email: support@octafx.com, Website Languages: English, Indonesian, Chinese, Malaysian, Portugeese, Spanish, Thai, German, Bengali, Hindi.

Regulation:

YES - FCA, CySEC (License number 372/18)

Broker Status:

Independent broker -

Broker Type:

ECN/STP

US Clients Accepted:

Average Monthly Volume In USD:

Source To Prove Volume:

BROKER WEBSITE

Accounts

Mini Account:	YES	Minimum Deposit ($US):	$50
Standard Account:	YES	Minimum Deposit ($US):	$50
ECN Account:	YES	Minimum Deposit ($US):	$50
VIP Account:	YES	Minimum Deposit ($US):	$500
Micro Account (MT4):	YES	Minimum Deposit ($US):	$50
PRO Account (MT5):	YES	Minimum Deposit ($US):	$500
ECN Account (cTrader):	YES	Minimum Deposit ($US):	$50
Base account Currencies offered:	USD, EUR

Leverage

Maximum Leverage for Mini Account:	500/1 (Up to)
Maximum Leverage for a Standard account:	500/1 (Up to)
Maximum Leverage for an ECN account:	500/1 (Up to)
Maximum Leverage for a VIP account:	200/1 (Up to)
Maximum Leverage for Micro Account (MT4):	500/1 (Up to)
Maximum Leverage for PRO Account (MT5):	200/1 (Up to)
Maximum Leverage for ECN Account (cTrader):	500/1 (Up to)

Lot Size

Minimal lot size for a Mini account:	0.01	Increments:	-
Minimal lot size for a Standard account:	0.01	Increments:	-
Minimal lot size for an ECN account:	0.01	Increments:	-
Minimal lot size for a VIP account:	0.01	Increments:	-
Minimal lot size for Micro Account (MT4):	0.01	Increments:	-
Minimal lot size for PRO Account (MT5):	0.01	Increments:	-
Minimal lot size for ECN Account (cTrader):	0.01	Increments:	-

Payment Options

Deposit Options:	Bank Wire, Visa / MasterCard, UnionPay, Indonesia Local Banks, Neteller, Skrill, Pakistan Local Banks, Thai local banks, India Local Banks, Malaysian Local Banks, FasaPay, PayTM, Nganluong, Help2pay
Withdrawal Options:	Bank Wire, Visa / MasterCard, UnionPay, Indonesia Local Banks, Neteller, Skrill, Pakistan Local Banks, Thai local banks, India Local Banks, Malaysian Local Banks, FasaPay, PayTM, Nganluong, Help2pay

Products

Products for Mini Account:	FX, Metals, Indices, Cryptocurrencies
Products for Standard Account:	FX, Metals, Indices, Cryptocurrencies
Products For ECN Account:	FX, Metals, Indices, Cryptocurrencies
Products For VIP Account:	FX, Metals, Indices, Cryptocurrencies
Products for Micro Account (MT4):	FX, Metals, Indices, Cryptocurrencies
Products for PRO Account (MT5):	FX, Metals, Indices, Cryptocurrencies
Products for ECN Account (cTrader):	FX, Metals, Indices, Cryptocurrencies

Spread & Commission

Commission:	NO	Account:	-
Commission Fees:	-
Spread type (Fixed,Variable):	Variable	Accounts:	All Accounts
Spread on EURUSD on a Mini account:	0.4 pips (Starting)
Spread on EURUSD on Standard account:	0.4 pips (Starting)
Spread on EURUSD on ECN account:	0.0 pips (Starting)
Spread on EURUSD on VIP account:	0.2 pips (Starting)
Spread on EURUSD on Micro Account (MT4):	0.4 pips (Starting)
Spread on EURUSD on PRO Account (MT5):	0.2 pips (Starting)
Spread on EURUSD on ECN Account (cTrader):	0.0 pips (Starting)

VIP Benefits

Premium Trading Conditions For VIP Clients Both Retail And Institutional:	YES
Premium Trading Conditions Offered:	Lower spreads, Free Autochartist signals, Prioritized deposits/withdrawals, Discount on branded merchandise.
Briefly describe main Advantages:	-

Trading Terms

News Trading:	YES
Mirror/Social Trading:	NO	Mirror Trading Providers:	-
Scalping:	YES
Hedging:	YES
Expert Advisors:	YES
Trading platforms available:	MT4, MT5, cTrader (desktop, Andriod, iOS, web-cased client)
Trading platform's Time zone:	EET
Decimal Pricing:	5 Digits
Execution:	Market execution	Accounts:	All Accounts, Market Execution from under 0.1 second
Total Number Of Liquidity Providers:	15 (and More)
ECN/STP Liquidity Provider:	-
ECN/STP Working With:	-
Trailing Stops:	YES
OCO Orders:	NO
One-Click Execution:	YES
Mobile Trading:	YES
Web-Based Trading:	YES
API Solutions:	NO
Currency Pairs Total:	43	Exotic Pairs Included:	7
Gold, Silver:	Both
Oil:	YES
CFD’s:	YES
MAM/ PAMM solutions For Fund Managers:	NO
Managed Account Services For Investors:	NO
Swap-Free Accounts:	YES
- Available To Anyone:	NO
- Islamic Clients:	YES
- Restrictions Applied:	YES
Segregated Accounts:	YES
Interest On Unused Margin:	NO
Bonuses Or Rewards:	YES
Trading Contests:	YES
Binary Options:	NO
Spread Betting:	NO
Trading On Bitcoin:	NO
Affiliate Program:	YES
Affiliate Programs Offered:	CPA
Conditions For Affiliates:	https://www.octafx.com/ib/conditions/
Awards won:	2019 - BEST MOBILE TRADING APP 2019 2019 - BEST FX BROKER 2019 2019 - BEST ECN/STP BROKER 2019 2019 - BEST FOREX BROKER ASIA 2015 - Best STP Broker. Outstanding Contribution to the FX Industry - Forex Report Magazine 2014 - Most Reliable Broker - FX Empire 2014 - Best Broker Eastern Europe. Best Broker Central Asia - Forex Report Magazine 2014 - Best ECN Broker Asia - Global Banking and Finance Review 2013 - Best Customer Service Broker - FX Empire 2013 - Best Broker Central Asia. Best Broker Central & Eastern Europe - World Finance magazine 2013 - Best Customer Service Broker Asia - Global Banking and Finance Review 2012 - Fastest Growing Micro Forex Broker - Global Banking and Finance Review For more information please visit the link: https://www.octafx.com/company/awards

4 customer reviews

4.5 out of 5 stars

From 4 to 5

2
From 3 to 4

2
From 2 to 3

0
From 1 to 2

0
From 0 to 1

0

Platform - Performance, Usability

96%
Pricing - Spreads, Fees

98%
Features - API, News Service

96%
Support - Fund Options, Integrity

96%

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Susan Bell

Public Review

2 ratings

1 helpful voted.

Allow me to help

1 year ago

Broker Review - Overall

I've used them and they seemed very reliable at first, but I now understand why people are worried about dealing with them. They first gain your trust by making small deals, and then deny your transactions for no apparent reason when you deal in large amounts. My advice to anyone, stay away from them. I lost about $350,000 dealing with them. Although, I’m glad I've had all my funds returned including profits, thanks to a Recovery Pro. You can reach me to share my experience and refer you for help if you’re in a similar situation; Susiebell2009 {at} gmail_, com

Overall Trading Experience

4 years live

Trading Experience with this Broker

Over a few months before I realized what they were up to.

Platform - Performance, Usability
100%
Pricing - Spreads, Fees
100%
Features - API, News Service
100%
Support - Fund Options, Integrity
100%

0 of 0 people found the following review helpful

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Thomas Franklin

Public Review

1 rating

how i got back my loss funds

2 years ago.

Broker Review - Overall

wth the help of Mrs Grace LILO and with his assistant and guidance I Reach out to Mrs Grace. She has helped me a lot when it comes to trading as I ran into a lot of losses with different brokers. I lost more than £29,000,400 to two different brokers but I got all my lost funds recovered and have been able to make good trade with her and it has been highly profitable to me. If there is anyone in need of an account manager who will show you how to best trade and make formidable profit weekly using good and professional signals, Reach out on her Email lilograce75@gmail.come or whatApp her +35196894256

Broker Advantages

i loss my funds

Broker Disadvantages

6 months

Overall Trading Experience

6 months

Trading Experience with this Broker

good

Platform - Performance, Usability
90%
Pricing - Spreads, Fees
90%
Features - API, News Service
90%
Support - Fund Options, Integrity
90%

0 of 0 people found the following review helpful

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Summer Heck

Public Review

4 ratings

Bank wire transfer.

2 years ago.

Broker Review - Overall

What are the requirements and procedure for making a bank wire transfer?

Overall Trading Experience

6 months

Trading Experience with this Broker

zero

Platform - Performance, Usability
100%
Pricing - Spreads, Fees
100%
Features - API, News Service
100%
Support - Fund Options, Integrity
100%

0 of 0 people found the following review helpful

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Christopher Mannings

Public Review

1 rating

1 helpful voted.

Good!

7 years ago.

Broker Review - Overall

Octafx is my broker for the last half a year and I think I'm gonna stay there for a while. so far, everything is fine and no problems with withdrawals. Slippage is nothing serious. Customer support is pretty fast, quite surprising.

Broker Advantages

Support
Spreads
Platforms

Broker Disadvantages

slippage happens

Overall Trading Experience

2,5 years (6 months demo, 24 months live)

Trading Experience with this Broker

1 month demo, 5 months live (half a year in total)