OctaFX Review 2024 (Expert Review)

OctaFX Review Summary

The customer service of OctaFX is one of the best in the industry. This company offers multiple communication methods, including live chat, phone, and WhatsApp. In addition to being available twenty-four hours a day, the customer support representatives are available in a variety of languages.The company has a great reputation for its excellent customer support. They provide round-the-clock support and will always be available to help you. Moreover, they offer a free demo account that lets you practice and make trades without any risk. Another positive feature of OctaFX is its support and education resources. These features make it a good choice for any online trading enthusiast.

OctaFX review
OctaFX Platform Features

OctaFX main features and highlights
๐Ÿ—บ๏ธ Country of regulation Unregulated
๐Ÿ’ฐ Trading fees No
๐Ÿ’ฐ Inactivity fee No
๐Ÿ’ฐ Withdrawal fee No
๐Ÿ’ฐ Minimum deposit 100
๐Ÿ•– Time to open a OctaFX account 1-3 Days. *A OctaFX demo account can be opened in a few minutes, but live OctaFX trading account creation times will vary depending on how long it takes to process your OctaFX KYC documents.
๐Ÿ’ณ Wire Transfer No
๐Ÿ‘› Depositing with electronic wallet No
๐Ÿ’ฑ Number of base currencies supported 2
๐ŸŽฎ Demo account provided Yes
๐Ÿ›๏ธ Financial Instruments offered Forex, Commodities, Indices, Stocks, Crypto, Futures

OctaFX review
OctaFX Financial Regulation

OctaFX is regulated by Unregulated.

OctaFX review
OctaFX Pros And Cons

Regardless of how you trade, there is always a risk to online trading, as well as some key advantages to using such a method. Below are some key pros and cons. The pros of using OctaFX include a large choice of assets that are available to be traded 24/7; and a modern website and mobile app; video guides and chart reading tools to help you carry out fundamental and technical analysis; community features to help you learn from and integrate with other platform users. On the other hand, the cons of using OctaFX can be that the spreads offered on trading cryptocurrencies (Availability subject to regulation) are relatively wide; no mutual funds available to invest in; high risk meaning it is not often a suitable platform for new traders.

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OctaFX Advantages

One of the main advantages of using OctaFX is around the clock service and support as well as research offerings. Not only this, but OctaFX has reduced transaction costs and fees that are often associated with traditional brokerage firms. This provides users of OctaFX with greater flexibility and more control - time is of the essence when trading, and where traditional brokers require appointments just to initiate a trade, trading with OctaFX makes the process a lot quicker. Finally, users have the ability to monitor their investments in real time. OctaFX offers stock quotes and trade information, making it easy for users to view how their investments are doing.

  • OctaFX has been in business over 10 years.
  • OctaFX offers Neteller as a payment method.
  • OctaFX offers Skrill as a payment method.
  • OctaFXoffers Islamic Accounts.
  • OctaFX offers Hedging.
  • OctaFX offers Scalping.
  • OctaFX does not have inactivity fees.

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OctaFX Disadvantages

Although OctaFX has a lot of good points OctaFX does not offer the below.

OctaFX Review Risk Warning: Losses can exceed deposits.

OctaFX Review

OctaFX review
Things to understand when trading with OctaFX

Online trading on trading platforms like OctaFX have seen huge growth in the last 3 years. Trading with OctaFX requires that you take the time to learn how financial markets work and are able to trade with OctaFX using in depth technical analysis and OctaFX risk management trading tools. Trading with OctaFX involves risk. You should only risk capital with OctaFX that you can afford to lose. Understand your risk tolerance with OctaFX, and have a trading strategy that OctaFX is able to help you execute. OctaFX is a very accessible trading platform but you must take the time to be able to effective use the trading tools and financial instruments OctaFX give you access too.

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OctaFX Trading Fees

Trading fees on OctaFX are taken in the form of the spreads OctaFX offers when buying and selling financial instruments like stocks, commodities, fiat currencies and indexes on OctaFX. OctaFX fees vary depending on the financial instruments traded and can include, OctaFX overnight funding fees, spreads, margins and OctaFX inactivity fees, currency conversion fees, and a spread for applying a guaranteed stop order. There may be some fees when transfering money to and from your OctaFX account charged by your 3rd party payment provider if your OctaFX base currency is different from your OctaFX withdrawal method.

NameOctaFXIC MarketsRoboforex
Account FeesNoNo
Withdrawal FeesNoNoYes
Deposit FeesNo
Inactivity FeeNoNoNo
riskwarningTry Now

Losses can exceed deposits
Try Now

Losses can exceed deposits
Try Now

Losses can exceed deposits

OctaFX review
OctaFX Financial Instrument Fees

OctaFX fees for Forex, Commodities, Indices, Stocks, Crypto, Futures are listed below.

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OctaFX Stock Trading Fees

The majority of OctaFX trading fees, commission is either a flat fee per trade or calculated based on the number of traded shares. Several brokers do also offer zero-commission trading for stocks, ETFs, and options. A OctaFX stock trading fee is a brokerage fee that is charged when you buy or sell stocks. A trader may also pay commission or a fee for buying and selling other investments, like options or exchange-traded funds.

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OctaFX Forex Fees

Commission on OctaFX Forex trading can either be a fixed fee (i.e., a fixed sum regardless of volume) or a relative fee: the higher the trading volume, the higher the commission. The amount of money that a trader is charged for OctaFX Forex fees is based on their trade size. To calculate OctaFX Forex fees, one would subtract the bid price from the ask price to find the spread. A Forex broker keeps this spread as their fee/commission.

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OctaFX Cryptocurrency Fees

Aside from the price of the cryptocurrency itself, each cryptocurrency exchange adds a fee for trading, when customers purchase and sell coins. OctaFX cryptocurrency fees can vary, but most exchanges charge between 0.1% to 1% or more per trade. That means that if you've used $1,000 to invest in a certain crypto, the fee you will eventually pay for that transaction could be anywhere between $100 and $1,000. OctaFX cryptocurrency fees include a fee for the Maker (which adds to the order book liquidity through limit orders) and Taker (which subtracts liquidity from an order book through market orders).

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OctaFX Non Trading Fees

OctaFX non-trading fees include a variety of OctaFX brokerage fees and charges that a trader will pay which are not related to buying and selling financial instruments using the OctaFX trading platform. The most common non-trading fees include OctaFX withdrawal fees, OctaFX deposit fees and OctaFX inactivity fees.

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OctaFX Deposit Fees

OctaFX does not charge deposit fees. Some brokers charge a deposit fee for some payment methods, OctaFX does not do this.

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OctaFX Inactivity Fees

OctaFX does not charge traders inactivity fees. OctaFX does not charge for dormant inactive trading accounts. Brokers typically attempt to compensate for lack of commissions by charging inactivity fees.

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OctaFX Withdrawal Fees

OctaFX does not charge withdrawal fees. Withdrawals fees vary between OctaFX and OctaFX alternatives depending on where you are located and how much money you are withdrawing.

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OctaFX Account Fees

OctaFX does not charge account fees. Account fees charged differ between OctaFX and other brokers. An account is a fee that OctaFX and other brokers assesses on all accounts for the ability to keep an account on their platform.

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OctaFX Account Opening

The OctaFX account registration process is simple, user-friendly, and quick. Within 1-3 Days most OctaFX trading accounts are ready for live trades. Our OctaFX account was validated in 1 day, but live OctaFX trading account verification times will vary depending on the time it takes to process your KYC documents and OctaFX trading account application. A OctaFX demo account can be opened in a few minutes.

OctaFX trading accounts are available in over 194 countries. OctaFX is restricted in the following countries.

Apart from the restricted countries a OctaFX trading account can be opened globally.

The OctaFX trading platform is available for residents in US. Some financial instruments OctaFX offer may be restricted in your country.

  • Fast OctaFX account opening.
  • OctaFX accounts can be opened and KYC can be verified digitally.
  • OctaFX minimum deposit is 100 USD / GBP / EURO.
  • OctaFX trading account verification may be held up for longer than a day if there is an issue with verifying your account.

OctaFX review
OctaFX Deposit And Withdrawal

OctaFX Account Base Currencies

A base currency is the currency in which your account is denominated. In other words, it is the currency you use to trade. Base currencies are used for accounting purposes to refer to the currency in which an investor maintains their book of accounts. For foreign exchange market purposes, a base currency refers to the first currency in a currency pair and the second, the quote currency.

USD, EUR are supported by OctaFX as account base currencies. However, in each country, only two or three account base currencies are accessible, usually the local currency plus USD. In the United Kingdom, for example, only GBP, EUR, and USD are accessible for UK traders.

OctaFX offers the following account USD, EUR.

When trading make sure your OctaFX trading account currency is the same currency as your withdrawal and deposit bank account otherwise there may be some additional currency conversion fees levied by your bank. OctaFX has no control over the fees your bank may charge for currency conversions or withdrawals and deposits to from and to your bank account.

NameOctaFXIC MarketsRoboforex
Number Of Currencies2104
riskwarningTry Now

Losses can exceed deposits
Try Now

Losses can exceed deposits
Try Now

Losses can exceed deposits

OctaFX review
OctaFX Deposit Fees and Deposit Methods

Investors can log in to their OctaFX trading account, type in their credit card information and the funds required will be posted in a number of business days. Investors can also transfer funds into their OctaFX trading accounts from an existing bank account or send the funds through a wire transfer or online check.

OctaFX Deposit Fees

Making a deposit on your OctaFX account is free.

OctaFX Deposit Methods

There are several methods through which you can deposit money into your OctaFX account. One can use a credit or debit card and OctaFX accepts payments from credit and debit cards provided by MasterCard and Visa. You can use PayPal, funding your OctaFX account using a personal PayPal account. One can also use bank wire or electronic bank transfer. If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your OctaFX account. Funding methods for OctaFX include Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Fasapay, UnionPay, Bitcoin, BCA, Mandiri, BNI, BRI, FasaPay,.

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OctaFX Withdrawal Fees and Withdrawal Methods

You can withdraw cash from your OctaFX brokerage account if you have available funds. If you want to withdraw more than you have available as cash, you may need to close open OctaFX positions before doing so. Remember that after you close your orders, you may have wait for the trade to settle before you can withdraw that money from your OctaFX account.

NameOctaFXIC MarketsRoboforex
Funding MethodsCredit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Fasapay, UnionPay, Bitcoin, BCA, Mandiri, BNI, BRI, FasaPay,Credit Cards, VISA, MasterCard, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, Cheque, BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Electronic wallets (eWallets), Broker to Brokers, Thai Internet Banking, Vietnamese Internet Banking,Credit cards, VISA, MasterCard, JCB, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Perfect Money, AdvCash, BPAY, China UnionPay, FasaPay, CashU, WeChat Pay, ecoPayZ, AstroPay, Sofort, Giropay, Poli, Wepay, iDEAL, Payoneer,
Withdrawal FeeNoNoYes
Deposit FeeNoVariesNo
riskwarningTry Now

Losses can exceed deposits
Try Now

Losses can exceed deposits
Try Now

Losses can exceed deposits

OctaFX Fees When Withdrawing Your Account Balance

OctaFX do not charge withdrawal fees. Some withdrawal fees are out of the control of OctaFX and may be due to 3rd party payment providers and your account base currency.

OctaFX Withdrawal Methods

Log into your OctaFX trading account, which is connected to your bank account. Go to the section that says โ€œfundsโ€ or โ€œaccountsโ€ and click on it. You will be given two choices: either to add funds or withdraw funds. Click 'withdraw funds' to start transferring money from your OctaFX account to your bank account. To withdraw money from your OctaFX account you can use credit or debit cards. OctaFX processes withdrawals to credit and debit cards provided by MasterCard and Visa. One can also use PayPal, as OctaFX processes withdrawals to PayPal accounts. Finally, you can also withdraw funds straight to your bank account via bank transfer.

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OctaFX Trading Platforms

As there are a number of tradable financial instruments available on the OctaFX trading platform. Before investing in the OctaFX platform, there are important factors to consider. Some platforms are designed for the more advanced trader, thus offering more research and analytical tools. The OctaFX platform has a demo account and educational resources, but it may not be designed for new traders so focuses less on those educational features. OctaFX offer phone, and email support.

If you struggle with technology, you need to consider the level of support on OctaFX is available. Another thing to consider is your financial goals. Make sure that a OctaFX account fulfils these goals. Several platforms offer commission-free trading, but some require a minimum fee for opening an account.

There can also be additional fees, such as inactivity charges, withdrawals and transfers. Make sure that you have enough funds to trade via a OctaFX account. Ensure that OctaFX allows you to focus on the type of trading that you want to focus on.

Make sure OctaFX is correct for your investment purposes. Markets change quickly, and you need to be able to execute an order instantly. on your platform. Before using OctaFX, think about how easy it is to use for your personal needs. Does the OctaFX platform offer real-time updates or delayed updates that are more informed? Remember to check if OctaFX is well regulated, and what tradeable financial instruments OctaFX has. Security is very important when it comes to trading with OctaFX.

OctaFX Web Trading Platform

A OctaFX web trading platform is a piece of software that is used for trading. This includes opening, closing, and managing market positions through OctaFX which acts as a financial intermediary. OctaFX is a web trading platform through which Forex traders can open and close positions online, without downloading any software. Via a web browser, traders can follow Bid-Ask spreads, place Stop Loss and Take Profit orders, as well as track all past and current positions executed.

Mobile Trading Platform

Both Android and iOS devices are supported by the OctaFX mobile trading platform.

OctaFX Apple IOS Trading Platform

A OctaFX iOS trading platform is the application software that enables investors and traders to place trades and monitor accounts through iOS apps on Apple devices, such as an iPhone.

OctaFX Google Play Android Trading Platform

A OctaFX Google Play trading platform is the application software that enables investors and traders to place trades and monitor accounts through Google Play apps on Android devices, such as an Android mobile smartphone.

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OctaFX Mobile Trading User Experience

OctaFX mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device. This is because orders can be placed quickly and effortlessly. OctaFX mobile trading refers to trading using a mobile phone.

Leading brokerages like OctaFX offer mobile trading apps to their clients who are able to use them to trade and even monitor their entire OctaFX portfolio. All an investor needs is a Web-enabled smartphone and a trading account with OctaFX. Once you have download the OctaFX trading app, you are ready to begin.

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OctaFX Desktop Computer Trading Platform

A OctaFX computer trading platform is a software which one can use to research, place, monitor and edit trades on your desktop computer. You can choose from many platforms, including desktop platforms, trading apps, web-based platforms and third-party programs. The OctaFX desktop computer trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. The OctaFX desktop trading platform offers other features to its users, such as real-time quotes, charting tools, news feeds.

OctaFX MetaTrader 4

MetaTrader 4, known as MT4, is a trading platform used by online retail foreign exchange traders. MetaQuotes Software developed and released this programme in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. It is a free-of-charge Forex trading platform, offering wide technical analysis options, flexible trading system, and algorithmic and mobile trading. MT4 is a popular online trading platform that can be used to automate one's trading. Its simple user interface provides users with access to advanced technical analysis and flexible trading systems.

OctaFX MetaTrader 5

MetaTrader 5 is a free application for traders allowing to perform technical analysis and trading operations in the Forex and exchange markets. MetaTrader 5 is a multi-asset platform suitable for trading in the Stocks and Futures markets too. It is a multi-asset platform that allows trading Forex, stocks and futures, and it also offers superior tools for comprehensive price analysis. There are many benefits at MT5, as the platform represents an all-in-one concept, offers impressive analytical tools and a modern look with the allowance to open hundreds of charts and perform analysis through truly advanced institutional grade features.

OctaFX cTrader

cTrader is a trading platform allowing CFD and currency pair trading. cTrader offers advanced technical analysis charting tools and very fast market order execution. cTrader is available on multiple devices. cTrader offers more complex configurable trading tools for more advanced traders.

OctaFX PC Trading Platform

One needs a computer with high performing hardware if their plan is to be a full time trader using OctaFX. A trading computer with access to a OctaFX PC trading platform is a superior, extremely fast computer which is designed and customized to maximize a traders ability to interface with markets and make decisions in real time. There are four key ingredients to a great Trading Computer: speed, reliability, multiple monitors, and post-sale service & support.

OctaFX Apple Mac Trading Platform

Apple Macs and MacBooks can easily handle the most important requirements when using the OctaFX trading platform. This includes the ability to have multiple browser tabs or trading apps open, a high quality display or monitor (high definition Retina displays with True Tone technology, adjusting and adapting to ambient lighting), an accurate trackpad or mouse, lightweight design, and long battery life. Macs are easy to set up, start up, use and even maintain. A Mac can go from cold boot to live trading using just a couple of mouse clicks and in well under a minute. Therefore, the OctaFX trading platform is very user friendly on a Mac device.

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OctaFX Trading Look And Feel

The OctaFX user interface (UI) is what OctaFX traders will see and interact with first when trading with the OctaFX trading platform. The OctaFX is well designed. The goal of the OctaFX trading UI is to make the OctaFX user's experience intuitive. The OctaFX application has good user experience and a good level of customer satisfaction.

OctaFX Security

OctaFX is a secure trading platform. OctaFX offers traders security via 2 factor authentication, SSL encription when trading with OctaFX. OctaFX trading accounts are masked and encrypted using cutting-edge encryption and masking technology to secure your personal and financial information when trading with OctaFX. Rate limitation on OctaFX suspicious account activities is another layer of protection that is provided for OctaFX trading accounts, for example multiple failed login attempts with OctaFX. You have the option to further safeguard your account by using OctaFX Two-Factor Authentication (2FA), which provides an extra layer of security.

The OctaFX trading infrastructure is constantly watched and guarded by a trained team at OctaFX In addition, OctaFX never send sensitive information without first encrypting on the OctaFX trading platform using transport layer security (TLS) and SSL.

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Placing A Buy Or Sell Order On OctaFX

Available OctaFX order types. # market, limit, stop, stop limit, Good until end of day / canceled.

OctaFX Market Order

A OctaFX market order is an order to buy or sell a stock at the market's current best available price. A market order usually ensures an execution, but it does not guarantee a specified price. Market orders are optimal when the primary goal is to execute the trade immediately. OctaFX market orders are executed by a broker or brokerage service on behalf of clients who wish to take advantage of the best price available on the current market. OctaFX market orders are popular as they are a fast and reliable method of either entering or exiting a trade.

OctaFX Limit Order

A OctaFX limit order is an order to buy or sell a stock with a restriction on the maximum price to be paid or the minimum price to be received. If the order is subsequently filled, it will only be at the specified limit price or better. However, having said this, there is no assurance of execution.

OctaFX Stop Order

A OctaFX stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. A sell stop order is entered at a stop price below the current market price. If the stock reaches the stop price, the order becomes a market order and is filled at the next available market price.

OctaFX Stop Limit Order

A OctaFX stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better). The OctaFX stop-limit order triggers a limit order when a stock price hits the stop level. A OctaFX stop-limit order can be helpful when trading if you are unable to watch your trades all day.

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OctaFX Alerts And Notifications

Price alerts and notifications can be established for executed orders, important news, and margin calls, for example. On the online platform, these notifications appear as pop-up messages. It would be preferable if you could set up email or SMS notifications as well.

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OctaFX Trading Platform Features

Online trading platforms like OctaFX are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key when trading live financial markets with OctaFX. The OctaFX trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button using OctaFX.

OctaFX Margin Trading

OctaFX margin trading means borrowing money from the brokerage firm in order to carry out trades. When trading on margin, investors first deposit cash that then serves as collateral for the loan, and then pay ongoing interest payments on the money they borrow. In essence, OctaFX margin trading is a facility under which one buys and sells stocks that they cannot afford. You are allowed to buy and sell stocks by paying a marginal amount of the actual value. This margin is paid either in cash or in shares as security. Your broker funds your margin trading transactions.

OctaFX Auto Trading

OctaFX auto trading is a trading strategy where buy and sell orders are automatically placed based on an underlying OctaFX system or programme and actioned by set criteria set by the OctaFX trader. These OctaFX orders are placed when the trade conditions in the underlying OctaFX system or program are met. It is a method of participating in financial markets by using OctaFX, which executes a pre-defined set of rules for both entering and exiting trades on OctaFX. If you are a OctaFX trader, you are able to use detailed OctaFX technical analysis with the setting of parameters for OctaFX one's positions. This includes orders to open OctaFX, trailing stops, and guaranteed stops.

OctaFX Social Trading

OctaFX social trading is a form of social trading that enables OctaFX traders or investors to copy and execute the strategies of their peers or more experienced traders on the OctaFX platform. Social trading on OctaFX allows you to communicate with other OctaFX investors in a Facebook-style social network manner. The main premise is that you are able to share and discuss potential OctaFX investment opportunities with traders on the OctaFX platform.

OctaFX Copy Trading

Copy trading with OctaFX allows users to copy trades executed by other OctaFX investors in the financial markets. The goal of copy trading is for a OctaFX trader to have the same positions as the OctaFX investor they are copying. When copying another OctaFX trader, you do not receive the plan of the traders OctaFX strategy, but simply follow their trades they execute on OctaFX. OctaFX copy trading is one way to automate your investment strategy. Copy trading trades on OctaFX must still be monitored and copy trading on OctaFX still has risk of trading loss.

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OctaFX Account Types

OctaFX Demo Account

OctaFX offers demo accounts that gives traders the ability to purchase and sell OctaFX financial instruments in a practice environment, using fake OctaFX digital money and live market conditions and data. When you practise on a OctaFX demo account, one of the many advantages you'll enjoy is the opportunity to get acquainted with the more technical parts of the OctaFX platform. OctaFX demo accounts allow you to experience and practice a variety of market charts, OctaFX trading indicators, and trading strategies using OctaFX.

OctaFX Standard Account

OctaFX offers a standard trading account, allowing OctaFX traders to trade a wide range of financial instruments, with competitive spreads, using the feature rich OctaFX trading platform.

OctaFX STP Account

OctaFX STP (Straight Through Processing) account is a OctaFX trading feature that involves sending OctaFX client orders directly to the market without passing them through a dealing desk. A OctaFX STP account is considered to be more of a hybrid of the ECN and market maker (dealing desk) models.

OctaFX Islamic Accounts

OctaFX islamic accounts respect Islamic finance law. OctaFX swap free accounts do not accumilate interest and OctaFX transactions are actioned immediately. A OctaFX Islamic Forex account is a halal trading account that is offered to clients who respect the Quran and wish to invest in Islamic compliant financial instruments, using OctaFX following the principles of Islamic finance. As Sharia law prohibits the accumulation of interest, traders with OctaFX Islamic accounts do not pay or receive interest rates.

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OctaFX Tradable Financial Instruments

OctaFX tradable financial instruments are the financial instruments that are specifically available to trade on the OctaFX trading platform. This refers to the different types of financial markets you can trade with through OctaFX. Sometimes called securities , they range from commodity futures to stocks and CFDs, to currencies and metals, and more on OctaFX.

NameOctaFXIC MarketsRoboforex
CFD TradingYesYesYes
Stock MarketsNo210053
Fractional SharesNoYes
riskwarningTry Now

Losses can exceed deposits
Try Now

Losses can exceed deposits
Try Now

Losses can exceed deposits

OctaFX review
OctaFX Trading Stocks

Stock trading with OctaFX is the act of purchasing and selling shares in a corporation listed on a stock exchange available for trading with OctaFX; if you possess the stock on OctaFX, you own a piece of the corporation and may be entitled to voting rights where applicable.

Stock trading on OctaFX involves purchasing and selling stocks and share using OctaFX periodically in order to time trades against the stock markets, with the aim of using OctaFX to profit from your stock trading. OctaFX stock traders look to profit from the short-term market developments by selling stocks for a profit or buying stocks at a cheap price on OctaFX. Stock traders on OctaFX conduct significant study, frequently dedicating several hours every day to market monitoring using OctaFX trading tools.

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OctaFX Trading ETFs

What Are ETFs

OctaFX does not offer ETF trading. An ETF is a collection of assets whose shares are traded on a stock market. They blend the characteristics and potential benefits of stocks, mutual funds, and bonds. ETF shares, like individual stocks, are traded throughout the day at varying prices based on supply and demand.

What Are Fractional Shares

OctaFX does not offer fractional share trading.

Investors can buy fractional shares of a stock, making it easier to diversify even with modest amounts of money. Investors can buy stock in fractional shares by specifying a dollar amount rather than the price of a whole share.

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OctaFX Trading Cryptocurrencies

OctaFX does not offer cryptocurrency trading.

Cryptocurrency trading is not offered by OctaFX, so you will need to find a OctaFX alternative that allows you to buy and sell the underlying cryptocurrency assets. OctaFX CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if CFD cryptocurrency trading is allowed in your region with a OctaFX alternative and make sure you undertand the risks fully before trading.

OctaFX review
OctaFX Forex Trading

Forex trading with OctaFX is a method through which to invest money which involves trading one currency for another in a Forex currency pair with OctaFX. The main aim of OctaFX Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. You can trade major, minor and exotic currency pairs with OctaFX. As a OctaFX Forex trader, one buys and sells currencies on a foreign exchange market. Their duties include performing research or analysis on a currency pair using a trading platform like OctaFX. In general, Forex traders can either work for banks and hedge funds or trade independently using trading platforms like OctaFX. Some traders use charts and indicators for Forex analysis, while others rely on news and economic data available on OctaFX.

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OctaFX Commodities Trading

Commodity trading is a type of trading available on OctaFX where individuals or businesses buy and sell financial instruments using OctaFX related to commodities, such as metals or oil.

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OctaFX Options Trading

OctaFX options trading is the trading of instruments that gives someone the right to buy or sell a specific security on a specific date at a specific price. If one decides to complete that purchase or sale, they are know to be exercising the option. OctaFX option strategies are the simultaneous, often mixed, buying or selling of one or more options which differ in one or more of the options' variables.

OctaFX review
OctaFX Futures Trading

Futures trading with OctaFX is where derivative financial contracts obligate a buyer to purchase an asset or a seller to sell an asset at a predetermined future date and set price using OctaFX to facilitate the trade. A OctaFX futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument available on OctaFX. Typically, futures contracts are traded on an exchange such as OctaFX; one trader agrees to buy a given quantity of securities or a commodity, and take delivery on a certain date. The selling OctaFX trader to the contract agrees to provide it.

OctaFX review
OctaFX Bonds Trading

Bonds trading on OctaFX is a way of making profit from fluctuations in the value of corporate or government bonds. The government will pay a defined interest rate on an investment for the duration of the issued bond, and then give the original sum back at the end of the loan's term to the OctaFX trader. Bonds can be bought and sold on OctaFX after they are issued. While some bonds are traded publicly through OctaFX, most trade over-the-counter between large broker-dealers like OctaFX acting on their clients' or their own behalf. Yield is therefore based on the OctaFX purchase price of the bond as well as the coupon.

OctaFX CFD Trading

A contract for difference (CFD) allows traders to speculate on the future market movements of an underlying item without owning it or taking physical delivery of it. CFDs can be used to trade a variety of underlying assets, including stocks, commodities, and foreign exchange.

NameOctaFXIC MarketsRoboforex
Forex CFD6135
Index CFD2530
Stock CFD1108400
Commodity CFD2020
Crypto CFDNoYesNo
riskwarningTry Now

Losses can exceed deposits
Try Now

Losses can exceed deposits
Try Now

Losses can exceed deposits

OctaFX review
OctaFX Trading Research Tools

Taking advantage of OctaFX trading research tools which are designed to help traders analyse potential investments using the OctaFX trading platform. Some OctaFX research tools include charts, technical analysis, and OctaFX trading indicators.

OctaFX Trading News

Traders can follow the markets and make wise investment decisions on OctaFX by using the news to help form a strategy when it comes to choosing investments. A OctaFX news trading strategy involves trading based on news and market expectations, both before and following news releases. Traders need to assess the news immediately after it is released and make a quick judgement on how to trade as a result.

OctaFX Economic Calendar

An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are usually announced or released in a report, have a high probability of impacting the financial markets. A OctaFX economic calendar is a resource that allows traders to learn about important economic information scheduled to be released throughout the major economies. Events may include indicators such as GDP, the consumer price index (CPI), and the Non-Farm Payroll (NFPs) report.

OctaFX Fundamental Data On Financial Instruments & Companies

Fundamental research does not usually generate findings that have immediate applications in a practical level. Fundamental research aims to answer the questions of why, what or how and tend to contribute to the pool of fundamental knowledge in a research area. OctaFX fundamental analysis research data looks at the price movement of a security and uses this data to attempt to predict future price movements. Fundamental analysis, on the other hand, looks at economic and financial factors that influence a business. Fundamental analysis therefore evaluates securities by attempting to measure their intrinsic value.

OctaFX Charting

Technical analysis indicators such as MACD,RSI, Stochastics, OBV, and Fibonacci are vital for trading. The primary types of chart used by traders on OctaFX are the Candlestick Chart, Line Chart, Point and Figure charts, and Renko Chart. Charts such as these are plotted either on an arithmetic or logarithmic scale and the analyst then goes with either one depending on the information acquired.

OctaFX portfolios

Trading portfolios are useful when trading with OctaFX.

A trading portfolio is made up of various investment vehicles. Distinct trading portfolios, each tailored toward a different investing strategy, might be owned by an investor.

A OctaFX trading portfolio is a traders collection of investments, which may include a variety of OctaFX financial instruments.

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OctaFX Payment Methods

A OctaFX payment method is required to fund your OctaFX trading account before placing a buy or sell order on a financial instrument.

When trading with OctaFX, there are a variety of payment options accessible; different brokers support different deposit and withdrawal methods. Each trade payment option has its own set of benefits and cons in terms of costs, processing times, and limits. Some thing to be aware of is if your bank accounts base currency is different to the base currency of your trading account, your bank may add additional transfer fees that OctaFX do not have any control over.

NameOctaFXIC MarketsRoboforex
Payment MethodsCredit Card, Doku Wallet, Mastercard, MoneyGram, Paysafecard, Perfect Money, Vietcombank Transfer, Visa, Western Union, Wire Transfer, WorldPayBPAY, Credit Card, FasaPay, Giropay, Mastercard, Neteller, PayPal, POLi, QIWI, Rapid Transfer, Skrill, UnionPay, Visa, Wire Transfer, Yandex MoneyADVcash, Alipay, Bitcoin Payments, Cashu, FasaPay, Giropay, iDeal, MoneyGram, Neteller, Perfect Money, POLi, QIWI, Rapid Transfer, SafeCharge, Skrill, Sofort, Trustly, Vietcombank Transfer, Visa, Webmoney, WeChat Pay, Wire Transfer, Yandex Money
riskwarningTry Now

Losses can exceed deposits
Try Now

Losses can exceed deposits
Try Now

Losses can exceed deposits

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OctaFX Withdrawl Methods

When trading with OctaFX at some point you will want to release your funds back to your bank account or other withdrawal method. Many modern trading platforms offer withdrawal of your trading account balance to digital wallets and direct bank transfers. Depending on your geo region certain withdrawal methods may be more convenient to you. Each withdrawal method has its own withdrawal time which you will have to check before withdrawing your OctaFX account balance. OctaFX may have minimum withdrawal limits that you will need to check before withdrawing.

You may be charged a currency conversion fee by your withdrawal method if you withdraw your OctaFX account balance in a currency other than GBP, or whatever your withdrawal method account base currency is.

OctaFX Withdrawals Times

The time it takes for your withdrawal to arrive is determined by the method you used to make it. It's important to remember that this is the payment method you used to fund your OctaFX account.

Withdrawal requests can take up to three business days to be processed by OctaFX.

You may anticipate to receive your money within three business days for bank transfers, credit/debit cards, and digital wallets.

If you're having a withdrawal transferred to your digital wallet account, your OctaFX should arrive in less than 24 hours.

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OctaFX Customer Support

Customer support represents the resources within the OctaFX company that provides technical assistance to its customers after they use the OctaFX service. A customer may often need to seek out support when they are in need of help, so a customer support team must be easy to contact, available, and responsive.

OctaFX offer email, phone, customer support.

OctaFX Email Support

OctaFX offers email support.

Email support is a a convenient method of OctaFX customer service but responses to support queries are not quick. You may have to wait between 1 - 3 days for a response from OctaFX regarding your support request.

OctaFX Livechat Support

OctaFX offers livechat support.

OctaFX live chat support is a way for customers to obtain help from OctaFX through an instant messaging platform. It happens at a one-to-one level, often via the company's website. It can be a proactive chat pop-up, with a chat box appearing on the screen and asking if you need help. Clicking on it would then connect you to a live agent. Livechat is great if you require a reponse to your support request withing 15 minutes.

OctaFX Telephone Support

OctaFX offers telephone support.

OctaFX telephone Support is often used for pre-sale queries, order taking, or even upselling and cross-selling, and troubleshooting. Outbound calls are calls made to customers from the OctaFX call centre to give or take information.

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OctaFX Educational Resources

OctaFX educational resources are used throughout the OctaFX learning environment to help and assist with customer's development and learning of trading on OctaFX. They are designed to reinforce learning and in some cases allow people to put their knowledge to the test using OctaFX trading tools. Educational resources are brilliant for educators to help deliver the best quality lessons.

OctaFX Trading Platform Tutorials

OctaFX offer a range of learning resources and tutorials and guides made available to registered OctaFX users. The OctaFX guides are usually broker down into indepth articles explaining varioius trading topics, quizes and video explainers which aim to educate OctaFX users on basic trading principles.

OctaFX Trading Videos

OctaFX offer a selection of online trading videos.

Trading videos on OctaFX help new and even more experienced investors gain insights into OctaFX technical analysis tools and how the different financial markets work when trading on OctaFX.

OctaFX trading videos cover the basics of financial instruments like stocks, Forex, commodities, ETFs and cryptocurrencies. Some OctaFX training videos help widen your trading knowledge. The more trading knowledge you have the better you will be able to mitigate and understand trading risks when using OctaFX to trade live financial markets.

OctaFX Webinars

OctaFX offers access to online webinars. A webinar is an interactive online event in which a speaker (or a small group of speakers) delivers a presentation to a large audience of OctaFX clients who participate by asking questions, replying to polls, and using other interactive technologies available on the OctaFX trading platform.

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OctaFX Financial Regulation When Trading

Financial regulations on OctaFX protect consumers' investments. Regulations prevent financial fraud and limit the risks that OctaFX as a financial institution can take with their investors' money. Financial regulators oversee three main financial sectors: banking, financial markets, and consumers. A well-functioning financial system is vital for the economy, businesses and consumers. OctaFX financial regulation is part of ensuring the safety and soundness of the financial system and protecting consumers.

Is OctaFX Regulated?

OctaFX is regulated by Unregulated.

OctaFX is licensed by financial regulators in certain jurisdictions. You can find out if brokers like OctaFX are licensed in your country, if they have had run-ins with regulators, or received serious complaints from OctaFX investors, directly with financial regulators in your country.

OctaFX Regulatory Protection Limits

When registering with OctaFX you must check with regulatory body your OctaFX trading account falls under. Even though you are a resident of the UK for example your account may fall under regulatory rules outside the jurisdiction of the FCA. Check which company entity and regulation your OctaFX account is over seen by. OctaFX client funds are stored in segregated 3rd party bank account in accordance with OctaFX financial regulators.

Client country Investor protection amount Regulator
United Kingdom ยฃ85,000 Financial Conduct Authority (FCA)
EU Investor Compensation Scheme max โ‚ฌ50,000 Directive of The European Parliament and European Commission
Other countries 90% of your funds, max โ‚ฌ20,000 Bulgarian Financial Supervision Commission (FSC)

OctaFX Trading Signals

OctaFX does not offer trading signals in any form.

Make sure you understand the risks of trading signals.

How does OctaFX make money?

Because OctaFX acts as an intermediary, OctaFX gets compensated on buy and sell transactions of financial instruments. As a result, OctaFX profit is determined by the volume and number of transactions. OctaFX earns revenue to fund their OctaFX platforms and wide range of trading services through market spreads.

Can you buy shares on OctaFX?

OctaFX does not provide customers with real company shares trading. OctaFX offers CFD stock trading. When trading CFD stocks you are not trading real stocks as you do not own any underlying stock assets. A CFD stock is a leveraged deal between the trader and OctaFX on the speculative up or down price movement on an agreed stocks price movement.

Does OctaFX offer Cryptocurrency?

OctaFX does not offer cryptocurrency trading. The offering of crypto CFDs was stopped by most trading platforms on November 27, 2020, as a result of the Financial Conduct Authority of the UKs restrictions on cryptocurrency. While buying and selling Bitcoin and other cryptocurrencies is still lawful, the UK financial regulator, the Financial Conduct Authority (FCA), has made trading cryptocurrencies illegal for UK residents. This is because the FCA considers crypto CFD trading to be a high-risk activity. You'll need to see if trading crypto CFDs are allowed in your country.

OctaFX Lower fees, lower costs?

OctaFX have reasonable trading fees and costs. OctaFX may charge a deposit fee. OctaFX may charge a withdrawal fee. Some withdrawal fees are out of the control of OctaFX and may be due to 3rd party payment providers and your account base currency.

What about the minimum deposit?

OctaFX minimum deposit is 100 USD / GBP / EUR.

How to start your OctaFX account?

You can sign up for a live or demo OctaFX trading account by visiting OctaFX and signing up. Enter your details, upload proof of ID, fund your account and you should be up and trading within a few hours. Open an OctaFX account here.

How's the OctaFX trading app?

OctaFX allow traders to trade financial markets on iOS, Android supported mobile devices.

You can tryout the OctaFX trading app here. Losses can exceed deposits

Is the quality of OctaFX customer service satisfactory?

OctaFX have average customer support offering support through email, phone, support options.

Is this broker good for new traders?

OctaFX do offer a demo account but OctaFX is aimed at more experienced traders.

How do you withdraw money from OctaFX?

OctaFX offer a good selection of withdrawal options. Once OctaFX have confirmed and approved your withdrawal information, withdrawals are usually processed within 1 to 3 days.

Best OctaFX Alternatives Reviews

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Ashly Chole - Senior Finance & Technology Editor

OctaFX Review 2024 (Expert Review) guide updated 17/06/24