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
CySEC (Europe) & FCA(UK):
- x30 for major currency pairs
- x10 for commodities
- x5 for CFD stocks
- x2 for Crypto currencies
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
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:
|Bank transfer||USD, EUR||According to bank charges|
|China Union Pay (CUP)||CNY||0%|
|NETELLER||USD, EUR, INR, BRL||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 transfer
withdrawal are spend 3~5 days by Credit card depend bank working days
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.
OctaFx customers support offer 24/7 live support available through live chat email and phone call support base in 12 language
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
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
- 0$ Withdrawal fee
- Micro Lot trading available
- Price alerts and push notifications
- Fee Report
- Inactivity fee
- High Indices spread
- Limited deposit and withdrawal option for European clients
Specification: ✅OctaFX Broker Review | Scam Status :✅Safely