You’ll be asked to choose between a real or demo account and select your preferred trading platform. It provides unlimited access, real market data, and complete platform tools. Octa’s Forex demo account suits both beginners and experienced traders.
Opening an account with OctaFX
We do our best to provide fast and efficient processing, but unfortunately, we sometimes experience some shortcomings. I have lost opportunity of being in the market for 6 days and it seems Octa does not care at all despite my plea to them numerous times per day trying to understand what the issue is. No one can give me a precise answer what is happening with my money deposited into their bank account, its been 6 days of agony and anger.4. Placed a deposit but cancelled and haven’t received my refund after almost 2 weeks now the customer support is just an AI and doesn’t ever get to someone real I don’t even know if I’ll get my refund back After carefully reviewing your account, we can confirm that your deposit has now been successfully credited.We regret that the process took longer than expected.
Are there any commissions or hidden fees on Octa?
Octa has struggled with pricing in the past, but has vastly improved in this category and is now gaining on the lowest-cost MetaTrader brokers. By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments. Trust Scores range from 1 to 99 (the higher a broker’s rating, the better). Use our country selector tool to view available brokers in your country. We also review each broker’s regulatory status; this research helps us determine whether you should trust the broker to keep your money safe.
Octa Web Platform
Tailored for both experienced brokers and newcomers, it equips affiliates with the tools and rewards needed to create a consistent, scalable income stream. Traders can fund or access their accounts without worrying about extra transaction costs, making the platform cost-effective and user-friendly. Both OctaTrader and MT5 accounts share this fee model, ideal for traders who value simplicity and transparency. Octa offers broad asset access and customizable leverage to suit various trading objectives. Working like a personal trading coach, it offers actionable insights based on real-time data.
Trading with Octa – Immediate Advantages and Disadvantages
Instant deposit & fast withdrawal. Best is there is additional trading points given for every trade. Brokers giving up to 50% bonus credits for all deposits. Fast withdrawal and deposit!
Why you can trust FXEmpire
As for education, I found Octa https://lunarcapital.vip/ provides a consistent stream of webinars with professional traders through a live trading session aimed at all levels. The broker provides a decent research service through its Space feature on the OctaTrader platform which provides a range of technical analysis ideas on the platform for free. My experience with Octa’s customer service was largely positive thanks to its 24/7 customer support and impressive AI live chat service. I think this is a sweet spot for the majority of traders unless you are seeking less popular markets or specific stocks to trade. Octa has 52 forex pairs for CFD trading including forex majors like USD/JPY, AUD/USD, and EUR/USD as well as minor and exotic pairs. Although the range is limited compared to most brokers, you don’t pay swap fees saving you additional costs if you hold positions longer than 24 hours which is a bonus.
While partners may pay to provide offers or be featured, e.g. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
The broker has been operating for 13 years so far. We hope, with these insights, anyone interested in Octa trading opportunities could decide whether to invest in them or not. This Octa review aims to give a clear view of the broker and its services. Clients using the OctaTrader, MT4 or MT5 account do not have to pay swaps. However, there is a markup on the spreads. Octa does not charge any deposit/withdrawal commissions.
OCTA offers 260 CFD instruments across currency pairs, commodities, shares, indices, and cryptocurrencies. I appreciated that the app is packed with advanced market analytics, helping traders spot potential opportunities even on the go. It supports one-tap trading, watchlist customization, and trading alerts. The ‘Space’ and ‘OctaVision’ tools are nice additions, greatly enhancing the platform’s capabilities.
OctaFx Compared to Other Brokers
I found that Octa is regulated by the Cyprus Securities and Exchange Commission (CySEC) for European traders under its Octa Markets LTD entity based in Cyprus. The broker has also been operating for 12 years, which is a strong signal of safety in my book. It is regulated by the FSC in Mauritius, the LunarCapital cheating Mwali International Services Authority (MISA), and CySEC for European traders. I think having Octa Copy is a good alternative for beginners or those who don’t want to invest their time in learning how to trade.
With approximately 165,000 monthly Google searches, it ranks as the 16th most popular forex broker among the 65 brokers analyzed. A nice feature I liked was the order ticket showing your potential profit and loss in monetary value compared to just in pips like other platforms. I found the signals to clearly demonstrate the trading idea and the market commentary is a nice touch to help explain the move.
- However, its analytical tools and chart configurations are very limited.
- This makes OCTA an attractive option for traders who hold positions overnight.
- Octa’s Invite-a-Friend program lets traders earn extra income by referring friends at no cost.
- Octa provides a secure trading environment through segregated accounts, SSL encryption, and strict verification protocols.
- On the other hand, the broker charges elevated spreads on instruments from certain asset classes, including crude oil and indices.
OCTA has also created a detailed 11-lesson video course that dives deeper into core areas like chart analysis, market fundamentals, and building the right trading mindset. The broker’s YouTube channel hosts over 400 educational videos and past webinars, tackling topics as simple as the ABCs of trading and as complex as Elliott Wave strategies. I liked its innovative market trackers, sophisticated market breakdowns, and featured trading ideas. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage. When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. It also offers support via email and has developed a FAQ section for more general questions.
- Thus, it enables Muslim traders to develop their skills ethically while confidently accessing global markets.
- Please don’t put all hard money in this platform.
- Octafx is a tested and trusted broker.Instant deposit and instant withdrawal made this broker, a must broker to trade with.The bonuses offer of LunarCapitalfx is a great support for traders like us with s…
- If you still encounter any issues, please provide more details about the deposit you’re referring to on our official social media in DM.
- With Octa being an ECN broker, I found MetaTrader 5 can utilise its advanced features like depth of markets tool for you to analyse market order flow.
His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. Overall, OCTA’s offering is well-suited for long-term traders, investors, day traders, and copy traders alike. While spreads on EURUSD and share CFDs are impressively tight, costs on commodities and indices—especially crude oil—are noticeably higher than average. When stacked against competitors, OCTA lands in the mid-range for fees.
What Can You Trade on Octa’s Platform?
Service wisely super good but on deposit and withdrawal your company using others account… A few users have also mentioned issues with the MT5 platform and concerns about spreads.See more However, some reviewers have reported inconsistencies in deposit verification times and a discrepancy between deposit and withdrawal rates. The availability of responsive and helpful customer support also stands out, with users noting the clear and professional assistance they receive.People value the platform’s improvements and the convenience of managing trades on the go through the mobile app. Many consumers have reported smooth and timely deposits and withdrawals, with some specifically mentioning the speed and transparency of these processes. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.
OCTA has developed a sophisticated OctaTrader platform integrated with AI-powered market research. The OctaTrader platform combines a sleek design with detailed, easily scalable charts, making it a great fit for day traders. OCTA doesn’t charge swap fees for all available instruments, so you can trade overnight at no extra cost. When reviewing a broker, we assess whether it suits different trading strategies and trader profiles. Notwithstanding the areas in which OCTA is yet to make improvements, I deem the broker an excellent fit for long-term traders, investors, day traders, and copy traders. Octa broker provides transparent conditions, and when I heard about zero fees on swaps, I thought they were just kidding on us.
The platform is easy to use, even for beginners, and it offers fast execution with almost no sli… I have had good experience until recently (last Sunday) when I was withdrawing funds from my account. Prevention of copy traders Stop-losses Octafx is a good app to invest or trade in forex. I have been using OCTA FX for many years yet recently I felt NOT SATISFIED with OCTA MT4 platform spread which is much BIGGER than other well known brokers so the result is some EA’s will result eithe…
The OctaTrader account offers the best overall conditions of the bunch, but it doesn’t support algorithmic or stock trading. The main difference between OCTA’s accounts lies in the trading platform they use. OCTA also supports the popular MT4 and MT5 platforms, both of which are ideal for algorithmic trading. On the plus side, the broker offers swap-free trading and doesn’t charge any non-trading fees. OCTA has also carved a reputation for itself as a broker that offers swap-free trading for all available instruments and at no extra cost.
However, the minimum deposit amount may vary depending on your region and the payment method you choose. What is also great, there are no charges for deposits so you won’t pay any commission, however always define it with your payment provider or Bank itself as an international rule varies from one jurisdiction to another. Yet, if you still prefer to use high leverage, the international entity of Octa Leverage still allows so. This means that European traders or those clients that are registered with Octa European entity will fall under ESMA regulation Leverage. The risk level is defined also by the leverage level you use since higher leverage dramatically increases your high risk of losing money as well.
How to open Octa Live account?
You can open a demo account with unlimited funds and no expiration giving you ample time to test each platform to see which suits you best. One of Octa’s impressive features I found was the no swap fees on all of its accounts. If you want to see how Octa’s spreads compete with other Malaysian brokers, I created a simple trading cost tool that you can use. The spreads on the MT5 account were stable in my tests during the New York and Asian trading sessions. I opened an MT5 Trading Account to test the broker’s trading conditions and I was impressed with the spreads Octa supplied. Unlike most ECN brokers, Octa only provides spread-only Standard accounts (i.e. a commission-free account).
However, as the company developed the broker Octa established its legal entity in Cyprus and respectively got a license from the local CySEC, which also imposes regulations according to European ESMA standards. Octa International is useful since it provides a complete learning center, including webinars, videos, and articles, also various research and promotional tools are appealing too. While obviously, Octa Cyprus is more trusted, the international proposal features more comprehensive tools and conditions along with education and research materials and MT4 availability.
With zero commissions, no deposit or withdrawal fees, and tight floating spreads from 0.6 pips, it provides affordable trading. Both platforms are secure, mobile-compatible, and designed for modern trading, enabling traders to choose the interface that matches their skills and objectives. Octa delivers two robust trading platforms tailored to different experience levels. Octa offers 277 trading instruments, including CFDs on 150 global stocks, 52 forex pairs, precious metals, energies, indices, and 34 cryptocurrencies. Octa is a well-regulated and dependable CFD broker offering competitive spreads across more than 300 trading instruments. OctaFX’s no-fee policy for deposits and withdrawals, combined with its competitive spreads and high leverage, creates a cost-effective trading environment.
OctaVision is Octa’s intelligent AI tool built to help traders boost their performance. Thus, traders can work with the software that best meets their needs. Octa lets you select a platform that fits your style – whether it’s the beginner-friendly OctaTrader, the classic MetaTrader 4, or the advanced MetaTrader 5.
