OctaFX is an ECN Forex broker, that provides services worldwide. The broker of course is regulated by the financial authorities of St. Vincent and the Grenadines. The broker also offers great spreads as well as the ability to take part in several different promotions. Therefore, you’d want to check this broker every so often in order not to miss another exciting chance.
- Octa Markets Incorporated
- Founded in:
- Cedar Hill Crest, Villa, Kingstown, St. Vincent and the Grenadines, VC0100
|Broker Status||Independent Broker|
|Accept U.S Clients||No|
|Phone||United Kingdom: +44 20 3322 1059
Hong Kong: +852 5808 8865
Indonesia: +62 21 51111801
Whatsapp (Texts only): +34 605 122 333
|Website Languages||English, Indonesian, Chinese, Malaysian, Portugeese, Spanish, Thai, German, Bengali, Hindi|
|Free Demo Account||Yes|
|Trading Platforms||MT4, MT5, cTrader (desktop, Andriod, iOS, web-cased client)|
|Account types||MetaTrader4 Micro; MetaTrader5 Pro; cTrader ECN|
|Minimal Order Volume||0.01|
|Leverage||Up to 1:500|
|Spreads||Floating, starting at 0.0 pips|
|Trading tools||Up to 43 currency pairs, 4 metals, 10 index CFDs, 2 crude oil|
|Account Currencies||USD or Euro|
|Deposit options||Bank Wire, Visa / MasterCard, UnionPay, Indonesia Local Banks, Neteller, Skrill, Pakistan Local Banks, Thai local banks, India Local Banks, Malaysian Local Banks|
|Execution||Market Execution from under 0.1 second|
|Margin Call / Stop Out levels||When account margin level reaches 25% / 15%|
|Promotion||Yes, 50% bonus|
|Trading Contests||Yes, demo|
OctaFX offers 2 trading platforms: MetaTrader4 platforms and cTrader. Both have the ability to be run on your desktop, Android, iPhone, and in the case of cTrader – web-based. Now you can receive the best in FX trading, from any computer with internet access.
The cTrader platform is expanded in order to trade more pairs, and has the ability to operate in a true ECN environment. The floating spread conditions are from 0.2 pips, allowing the trader to take advantage of short-term opportunities with ease.
OctaFX offers several different trading accounts, but spends most of its time working on keeping spreads ultra-tight. Along with that, they do offer Forex news, Forex calculators, and interest-rates around the world. Because of this, less time is needed on “fluff”, and more time on what matters – profits for the client.
Clients can expect live chat as one means of support, as well as social networks. The broker also offers phone, Blackberry, and Yahoo messenger support. And then of course the usual phone support that one would anticipate from a professional broker with numbers in Malaysia and St. Vincent and the Grenadines. Obviously, email is possible for support as well.
OctaFX offers incredibly tight spreads for all account types. They offer an excellent environment for long-term successful trading and have received several awards for their customer support and execution. Because of this, we feel that this broker offers an excellent opportunity for traders around the world, especially professionals that simply worry about execution and tight spreads in order to increase their profits.
The broker also offers a 50% bonus on each deposit, as well as offering different trading contests, such as the monthly demo account “OctaFX champion” and weekly demo account with a prize fund of $400.