OctaFX Review: Pros & Cons | for 2024
This OctaFX review has been updated for 2024 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about OctaFX to give you the most comprehensive guide available.
OctaFX is a reputable broker that was founded in 2014. They have around 357 employees that help the company provide , to 30,000+ customers through MT4, MT5, Web Trader, cTrader, Tablet & Mobile apps.
OctaFX Guide – Read our In-Depth OctaFX Review
OctaFX Rating: 3.66 / 10
This OctaFX review page contains information about investing with OctaFX. It is intended for educational purposes only and should never be considered financial advice. comparebrokers.org is not a brokerage or advisory service. We do not recommend or advise that investors buy or sell securities or stocks.
All of the information about the brokers you see reviewed on comparebrokers.org come from our partners, some of whom we have an affiliate relationship with. These partners do not control the content on the page beyond providing us with datapoints to ensure that (as far as possible) the information in our database is accurate. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to their users. Our proprietary rating algorithm takes all of the datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones for their needs.
Please note that due to regulations, the content in this review of OctaFX does not apply to users in Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
This OctaFX review contains the latest information about OctaFX.
If you're a new entrant in the realm of trading online and brokerages, so many details will no doubt be perplexing for you. Getting into the world of trading online requires expert assessing skills and comprehensive knowledge. You'll get adept at all of the concepts of trading online and brokers as you keep trading. For starters, you have to select the ideal agent who will always be transparent with you.
Within this fast-paced universe of stock markets and online trading, you will need guidance to make sensible decisions. A professionally lead investment plan could aid you in minimising any potential losses and maximising any profits. OctaFX is just one such stage which will assist you. It's crucial that you know about any broker before you trust them with your money.
When engaging in online trading with platforms such as OctaFX, it's crucial to meticulously examine OctaFX as your broker, as this choice can determine your success. Selecting the right broker is vital for your OctaFX investments to flourish. However, be cautious of bogus and untrustworthy brokers hiding in the shadows, ready to exploit naive traders.
It's essential to be prudent and methodical in your OctaFX broker selection to protect your hard-earned money. Performing your due diligence and researching the reliability of OctaFX, its track record, and reputation is vital. Moreover, ensure the OctaFX broker's offerings, trading tools, fees, and regulation align with your preferences.
Remember, OctaFX should be a trusted partner on your trading journey.
Our team has worked diligently to simplify the intricate world of trading with OctaFX into easily understandable information in this OctaFX review. Our goal is to equip you with the knowledge necessary to confidently use OctaFX trading tools, ranging from depositing and withdrawing funds to executing trades.
We recognize that well-informed decisions with OctaFX are the cornerstone of successful trading. As such, we've provided this in-depth OctaFX review. So, settle in, grab a cup of coffee, and immerse yourself in learning about OctaFX and how it can work to your advantage, or if OctaFX might not be the right fit for you.
OctaFX Review for 2024 – Quick Overview
| OctaFX Telephone: | |
| OctaFX Support Email: | smm@octafx.com |
| OctaFX Address: | 133 HOUNDSDITCH, London, Greater London EC3A 7BX |
| Year Founded: | 2014 |
| Regulated By: | Financial Conduct Authority (FCA) |
| Hedquarters: | St. Vincent and the Grenadines |
| Minimum Deposit: | $5 |
| Number Of Clients: | 30,000+ OctaFX users and traders |
| OctaFX LinkedIn: | https://www.linkedin.com/company/octafx-official/ |
| OctaFX Facebook: | https://www.facebook.com/octafx |
| OctaFX Facebook Likes: | 481,785 |
| OctaFX Twitter: | @OctaFX |
| OctaFX Twitter Followers: | 9,807 |
| OctaFX Instagram: | https://www.instagram.com/octafx_official/ |
| OctaFX Instagram Followers: | 103,000 |
| OctaFX Youtube: | https://www.youtube.com/octafx |
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Losses can exceed deposits |
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Our entire OctaFX review for beginners covers everything you will need to know about trading via OctaFX. A fantastic broker can use your first investments and help to protect it from losses but also give you a platform that can help to provide you favourable profits. If you would like to make profits, you should trade with a brokerage service that aligns with your investing goals.
Of course, there is no sure-fire way to ensure profits; thus, you should carefully analyze your agent before you select them. It is a frequent misconception that all brokers will be exactly the same, but that's not correct. Wrong judgment, in the beginning, can set your investments at risk.
OctaFX is a trading partner which has paved its way successfully to the broker world. In this review, we've tried to collate some of the important facets of OctaFX. This guide can allow you to learn whether OctaFX is a great match for your own investments or not. We've tried to breakdown all the features and fees for your convenience.
Who are OctaFX?
OctaFX is a forex broker with its headquarters in St. Vincent and the Grenadines and provides a range of instruments for trading. Since its inception in 2014 they have emerged as a top-tier player in the field of online trading. OctaFX has a highly aggressive and full-featured trading website that is focused on forex, indices, metals, stocks , commodities.
Over the past 10 years, OctaFX has become one of the best online brokers available to the public.
After launching in 2014, their consumer base has increased to 30,000+ clients.
OctaFX is the favourite of many traders because of its negative balance protection. Our OctaFX account review discovered that they're a reputable solution for online trading solutions. They are most appropriate for investors who are looking for an assortment of assets. Social and easy to use trading options are the core at OctaFX.
Technology plays a substantial role at OctaFX. They offers trading on MT4, MT5, Web Trader, cTrader, Tablet & Mobile apps. OctaFX is fair, transparent, and also a well-regulated agent by the Financial Conduct Authority (FCA). Their outstanding array of tools will be beneficial for most traders. Third-party partnerships also provide in-house research.
The trader resource department at OctaFX is very comprehensive for new dealers since it allows them to have a closer look at the financial markets. OctaFX caters to all sorts of traders and are a must-have broker for any well-diversified method of trading.
OctaFX Review Videos
Benefits of trading with OctaFX in 2024
Trading with OctaFX includes numerous benefits. These benefits are what sets OctaFX ahead of the rest of the online brokers. You need to check all of the advantages listed so that you have a better comprehension of OctaFX.
The broker goes to great lengths to understand what dealers need. As a result, the support, fast, and convenient. The agent also provides a variety of programs for all types of traders. OctaFX helps to ensure that the individual needs of all traders are met to the best of their ability.
OctaFX also features excellent trading conditions which are readily available to all and not only an elite class of institutional clients. The tight spreads and quick executions are a fantastic benefit for all traders. The technology adopted by OctaFX is of the highest caliber, ensuring that it's fast, dependable, and effective.
OctaFX admits the significance of having a quick order execution. A quick implementation enables users to trade without worrying about slippage safely. It is going to also aid the dealers to grab any opportunities.
Copy trading is another important facet of OctaFX. A new dealer can learn from business experts using the automatic copy trading option. This allows you to monitor the best performing brokers and instantly mirror their trades and benefit from their expertise
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, OctaFX offers social trading which encompasses leading traders sharing their knowledge with the community. OctaFX's social trading platform allows traders to share their expertise with others to build a community of investors and traders. What stocks they are monitoring, what to buy, what to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. It is a more independent version of copy trading
OctaFX has over trading instruments to support all kinds of traders. These instruments are dynamic and convenient for both new and seasoned traders. All traders can set aside all their concerns when trading using OctaFX.
OctaFX Overview
Year Founded: 2014
Regulated By: Financial Conduct Authority (FCA)
Hedquarters: St. Vincent and the Grenadines
Minimum Deposit: $5
Number Of Clients: 30,000+
Losses can exceed deposits
If you feel that OctaFX is not right for you then at the bottom of this OctaFX review you will find a lot of alternatives to OctaFX.
Everything you ought to know about trading using OctaFX
OctaFX is a lively platform that offers various techniques of trading. These tools cover the monetary markets substantially. The Majority of the brokerage platforms provide less methods than OctaFX
If you wish to trade with OctaFX, you'll require a minimum deposit of $5. This deposit is required if you want to start trading using OctaFX. This 2024 OctaFX review will direct you easily about trading with them.
OctaFX is as flexible as any other broker platform. OctaFX is ideal for traders that want a manageable array of low-cost services. The platforms offered by OctaFX are third-party, white-label offerings. All traders can select from MT4, MT5, Web Trader, cTrader, Tablet & Mobile apps
Together with everything, OctaFX has multiple benefits to new and verteran traders and should be investigated. There's no minimum time over which a transaction has to be kept available. The brokers offer premium customer service which rewards customers with advantages.
Many unprofessional brokers attempt to pressurise consumers into larger funding for premium services. OctaFX, however, is much more focused on trading volume. Dealers can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the more advantages will come along.
OctaFX accounts are available all over the world and provides outstanding service everywhere they have customers. There are some select few countries where OctaFX accounts are not available. Traders in the following countries cannot open or use a OctaFX account:
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Is OctaFX Safe To Trade With In 2024?
Founded in 2014, OctaFX has been operating for 10 years, they are headquarted in St. Vincent and the Grenadines
OctaFX is regulated by Financial Conduct Authority (FCA). These figures have rules that make sure that trading platforms have ploicies in place to maintain investor's resources procured. This means that OctaFX users don't need to be worried about their money since it is segregated and safely stored in established banks. SSL encryption secures every user's personal information as well.
You are able to make use of an option for 2 Factor Authentications (2FA) with OctaFX for increased safety. An SMS with the confirmation code will be sent to your mobile phone. You will be required to input this code to log in to your accounts.
Another concern with online trading brokers with regards to safety may be manipulation of trading. This is highly disadvantageous to consumers on these platforms. Nonetheless, this is more widespread in the case of Market Maker agents who compete with users on the platform.
OctaFX Risk Disclaimer
Losses can exceed deposits
Pro's & Con's Of Trading With OctaFX
Every online trading platform will have some pros and cons OctaFX review would be complete without having a balanced approach. This OctaFX review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
OctaFX Pro's
OctaFX is regulated by Financial Conduct Authority (FCA).
OctaFX offers customer support over the phone.
OctaFX provides customer support over email.
OctaFX gives access to customer support over livechat.
OctaFX offers guaranteed stop loss.
OctaFX offers negative balance protection.
OctaFX has a low minimum deposit requirement.
OctaFX doesn't charge withdrawal fees.
OctaFX doesn't charge inactivity fees.
OctaFX has over 100 employees.
OctaFX offers social trading.
OctaFX offers copy trading.
You can trade metals with OctaFX.
You can trade energies with OctaFX.
OctaFX Con's
OctaFX is not highly rated by us. OctaFX hasn't won any awards. OctaFX doesn't have a wide range of trading instruments. You can't trade Cryptocurrencies with OctaFX. OctaFX doesn't allow scalping. OctaFX doesn't allow hedging. OctaFX doesn't allow commodity trading.Compare Brokers Similar To OctaFX
Regulation And Licencing In More Detail
OctaFX is regulated by Financial Conduct Authority (FCA).
OctaFX, as a company, has a strong set of rules for ensuring honest trading on its own platform. For data encryption functions, it supplies an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, client data is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
OctaFX Awards
At the time of writing this OctaFX review, and despite OctaFX’s impressive offering, the company has surprisingly not garnered any awards to date.OctaFX Trading Platforms
OctaFX are a trustworthy brokerage that has been trading for over 10 years. They offer a wide range of options in their user accounts.
In the following table we take the main parts of any professional online trading platform and compare OctaFX against Startrader, and freetrade.
Trading With OctaFX MetaTrader 4 On iOS Devices
You can download the OctaFX app or also trade with OctaFX through the MetaTrader 4 application on the Apple app store.
Download the OctaFX MetaTrader 4 Program free of charge from Apple's App Store. OctaFX customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go.
Trading With OctaFX MetaTrader 4 On Android Devices
Andorid mobile devices and tablets are used by millions of people globally. OctaFX provides its clients access to the MetaTrader 4 platform on Android supported devices so that their 30,000+ customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android OctaFX MetaTrader 4 application enables traders to make the most of multiple advanced trading features which enables them to monitor and trade quickly on the go, simply and securely.
Minimum Deposit Required
The minimum deposit that you need to begin on OctaFX is $5. This is an adequate amount for people just starting out. It's possible to make more advanced residue as you cooperate. But, ensure that you understand how to make the most of your money before investing larger amounts.
Commission And Fees Explained
OctaFX is an online brokerage platform, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled much better. That is, an internet broker is not necessarily affected by the number of clients they have.
However, this does not necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to make money. There are primarily 3 types of fees for this purpose.
The first kind of charges to look out for are trading charges. When you make a genuine trade, like purchasing a stock or an ETF, you are charged trading fees. In such cases, you are spending a spread, financing rate, or even a commission. The sorts of trading charges and the rates differ from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the other hand, a spread refers to the gap between the buying and selling price. Financing or overnight prices are people that are billed when you hold a leveraged position for more than daily.
Aside from trading charges, online agents also bill non-trading fees. These are dependent on the actions you undertake in your account. They're charged for things like depositing cash, not investing for lengthy periods, or withdrawals.
In general, OctaFX doesn't charge high fees compared to other online brokers. For operations other brokers fee for, they either do not charge a brokerage fee, or they charge a smaller sum. This is beneficial for people who regularly trade, such as weekly or daily trading.
However, non-trading fees charged by OctaFX are relatively greater. Consequently, you're billed more for non-trading actions in your trading account, like withdrawal and deposits. These are not related to the purchase and sale of assets.
This OctaFX review breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees Of OctaFX
OctaFX Withdrawal Fees Explained
OctaFX doesn't charge withdrawal fees.Withdrawal of cash is possible at any time from your OctaFX account. It's possible to draw up sums to the amount of your account balance, keeping aside the perimeter used. One thing to remember is that you don't always need to have any cash in your accounts.
Moreover, the withdrawn money will be transferred directly to the accounts you use to create deposits. Therefore, if you used a credit card for deposits, the withdrawn cash is going to be sent to the cardOctaFX will ask you to offer other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you're withdrawing money in various currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the money you are opting to withdraw in.
OctaFX Inactivity Fees Explained
OctaFX doesn't charge inactivity fees so you are free to use your account as needed
Even if no charges are indicated by OctaFX, it's better for you to close the account if you are inactive. Inactivity fees aren't only charged by brokerage companies but also many financial services.
For additional trading platforms, the inactivity fee is contingent upon the type of account you've chosen. The inactivity fee is subjected to a lot of circumstances and should be revealed clearly by the agent beforehand.
OctaFX Deposit Fees Explained
When you transfer money into your trading account by the bank account, a deposit fee can be charged by the broker. Most brokers don't charge too much money for this particular operation.
OctaFX doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the OctaFX trading platform is simple. You simply have to complete a single-user profile survey to begin depositing money into your trading account. You'll have to provide an identity proof and proof of residency to deposit substantial amounts.
Compare OctaFX Vs Other Broker Deposit Methods
What Can You Trade With OctaFX in 2024?
Note: OctaFX offers many different trading instruments due to regulatory restrictions in many countries. Trading instruments offered may differ based on the country of residence of the client.
OctaFX has a wide variety of over instruments available for you to trade with.
If trading forex pairs is of interest to you then OctaFX offer over forex pairs.
Compare OctaFX, Startrader & freetrade below.
OctaFX Trading App Review
Note: OctaFX's mobile app has a lot of functionality and is being developed all the time. The table below was accurate at the time of writing this OctaFX broker review.
Understand the capabilities of the mobile apps of OctaFX, Startrader & freetrade below.
Trading Education Available At OctaFX
Understand the trading resources available with OctaFX, Startrader & freetrade below.
OctaFX Customer Support
In our OctaFX broker review we examined the options for customer service as well as response times. on the OctaFX trading platform problems solution effectiveness. OctaFX supports various languages including English
OctaFX Live Chat Support
We have tested the livechat experience with OctaFX, and it was very effective. We sent messages via OctaFX livechat through their app and website and got a reply in less than 20 seconds. Sometimes , there was no response.
We have tested communication through OctaFX support in multiple languages and in various countries. OctaFX were successful in resolving customers' issues.
OctaFX Phone Support
We phoned OctaFX and the call was answered extremely quickly. We were able to have the call answered within less than five to ten minutes.
The OctaFX phone support team was able to effectively address our questions and issues on the phone. We tried the multi-lingual OctaFX team by calling them in various languages. OctaFX made an effort to ensure all of our questions were answered.
The overall support via phone from OctaFX was satisfactory.
OctaFX Email Support
We sent several email to OctaFX and responses were generally good. The fastest email response from OctaFX was 3 hours, while the slowest response was 12 days! There were times when there was no response. Support response times may vary for you with OctaFX, however, we've had the experience of sending 10 emails at varying times.
The team was able to resolve and answer our queries. The overall average of email support provided by OctaFX was outstanding.
Alternatives To OctaFX
If, after reading this OctaFX review, they don't meet your requirements check out these OctaFX alternatives.
We've scoured the web to find the best alternatives to OctaFX. Click the hyperlinks below to learn more.
Frequently Asked Questions
Can I try OctaFX before I buy?
Absolutely! you can most definitely try OctaFX before you buy. OctaFX offers demo accounts for the convenience of inexperienced traders. You may use this feature to build your faith in the machine and yourself and your trading strategies.
If you register to get a demonstration account with OctaFX, you will set out with a decent amount of virtual money. It's to establish a feeling of safety and confidence in you before you choose to invest your own money.
With a virtual OctaFXdemo account, you can experiment in any way, to whatever period you desire. You can even start positions, test different trading approaches, and more.
OctaFX shows on its official site how you are able to exchange real time stocks in a demo account.
Is OctaFX safe?
You can drop all of your worries since we believe that OctaFX is completely safe to use. It's in compliance with all the rules of Financial Conduct Authority (FCA).
Luckily, OctaFX does provide assured stop-loss protection.
Why does OctaFX ask for my passport?
The reason that OctaFX asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, OctaFX has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, OctaFX must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with OctaFX?
The process to start trading with OctaFX is super simple. You need to begin by signing up on the OctaFX website. It will require you to fill in details pertaining to the credibility and security of your account. You will probably also have top go through the standard KYC (Know Your Customer) checks but OctaFX are normally pretty quick with this.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with OctaFX is $5. You should have a good {understanding of|hold over} the {details|nuances} of online trading before you set out and trade with real money as losses can exceed deposits.
If you are confident of your knowledge and understanding, you can open an account with OctaFX.
The best way to kickstart your trading career with OctaFX is to open a demo account facility before risking any real money
What funding methods do OctaFX accept?
There are multiple ways to fund your accounts with OctaFX. The process is effortless and quick, with different payment methods in your fingertips.
You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You must keep in mind that PayPal is not available in all place. The currencies OctaFX accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD.
Other deposit techniques you can adopt are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is an opportunity as well, even though it takes approximately 4-7 days.
Is my money safe with OctaFX?
Yes, your cash is safe and secure with OctaFX. As you know, OctaFX works with good conformation to regulations. It's established plenty of measures to guard all of its own investors.
OctaFX safeguards its customers' personal and sensitive information under SSL encryption. Your capital will be kept highly secure in top-tier banks.
If you want to further safeguard your accounts, you can empower Two-Step Verification as well. It takes an SMS confirmation for you to access your account.
Is OctaFX trading good?
Yes, trading via OctaFX is a pleasant and decent experience indeed. It's an excellent and intuitive platform with useful features for your simplicity. Moreover, you can also gain access to a vast selection of educational tools and assistive material to kickstart your trading expertise.
If you are still skeptical, it is possible to open a eToro demo account and evaluate the credibility of the platform for yourself.
Which Countries do OctaFX support?
OctaFX operates around the globe. However, due to regulations OctaFX can't accept clients resident in Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Is OctaFX legit?
OctaFX is a legit company headquarted in St. Vincent and the Grenadines since 2014. They are regulated by Financial Conduct Authority (FCA). OctaFX is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is OctaFX a good broker?
OctaFX is a great broker, and its own users can vouch for it. The highlight of the platform is its fast order execution on transactions.
You will find the clean layout of the platform along with the admirable features that are pleasant to work with.
Is OctaFX a trustworthy broker?
Yes, OctaFX is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 30,000+ users registered with them can affirm to their trustworthy nature.
What is the minimum deposit for OctaFX?
The minimum deposit to open a live account with OctaFX is $5
How long do OctaFX withdrawals take?
Normally, withdrawal of money from OctaFX is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for a withdrawal from OctaFX to show in your bank account and withdrawls are available in any of the following currencies.
USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD
Is OctaFX regulated?
OctaFX are regulated by Financial Conduct Authority (FCA)
Is OctaFX a market leading broker?
OctaFX is indisputably among the industry leaders. It has over 30,000+ registered customers and over 10 years of expertise on its own record. They're one of the world's top trading platforms and a prominent figure in the Fintech revolution.
It simplifies this standing to its incredible platform and wide range of resources plus tools so you may invest in capital markets.
Is OctaFX a con?
No, OctaFX is not a con. They are regulated by Financial Conduct Authority (FCA) and must adhere to their rules. Thus, it is safe to say that OctaFX is not a scam.
Can you make money with OctaFX?
Using OctaFX, several traders make a lot of money. But, just like all online brokerages, it is important to note that traders can also lose money. In particular, Losses can exceed deposits
This may seem to be a small number, but over the year, this adds to a substantial amount of gains. While OctaFX supply you all of the tools to make money, they cannot guarantee you will gain.
Does OctaFX have fees?
Yes. To start trading using OctaFX, you need to deposit $5. Certain commissions while trading also apply. Any processing fees from your bank will need to be incurred by you.
When was OctaFX founded?
OctaFX was founded in 2014 in St. Vincent and the Grenadines. OctaFX is regulated by Financial Conduct Authority (FCA).
How many people use OctaFX?
OctaFX is a globally recognised broker with 30,000+ customers.
Where is the OctaFX head office?
OctaFX has its head office in St. Vincent and the Grenadines
Does OctaFX offer negative balance protection?
Yes, OctaFX has Negative Balance Protection. It's especially offered when the market volatility prevents clients from allowing their accounts go in the red. In a situation like this, OctaFX offers the ability to reset a clients account balance to zero.
You can go through the critical conditions on OctaFX's site to comprehend their policies.
Does OctaFX offer guaranteed stop loss?
Yes, OctaFX provide a guaranteed Stop Loss order.
If there's absolutely no free margin left together with the client, OctaFX will cease your own positions. If the losses in the ceased out location exceeds your account balance, you may encounter a negative account balance.
Does OctaFX allow scalping?
No, the stipulations of OctaFX do not allow scalping. It's a trading technique which isn't permitted on the agent's platform. You can consult with OctaFX's terms and conditions to see more about its policies.
Does OctaFX allow hedging?
No, unfortunately OctaFX does not allow hedging.
Can you trade energies with OctaFX?
Yes, you can trade energy stocks with OctaFX
Can you trade agricultural shares with OctaFX?
No, unfortunately you cannot trade agricultural stock with OctaFX
Can you trade cryptocurrency with OctaFX?
No, unfortunately you cannot trade cryptocurrency with OctaFX
Can you trade metals with OctaFX?
Yes, you can trade metals with OctaFX
Can you trade UK Shares with OctaFX?
No, unfortunately you cannot trade UK shares with OctaFX
Can you trade US Shares with OctaFX?
No, unfortunately you cannot trade US shares with OctaFX
Can you trade Japanese Shares with OctaFX?
Yes, you can trade Japanese shares with OctaFX
Can you trade German Shares with OctaFX?
Yes, you can trade German shares with OctaFX
Does OctaFX accept bank transfers?
Yes, OctaFX accepts bank transfers for depositing money.
Does OctaFX accept credit cards?
Yes, OctaFX accepts credit cards for depositing money.
Does OctaFX accept PayPal?
No, OctaFX does not accept PayPal.
Does OctaFX accept Skrill?
No, OctaFX does not accept Skrill.
Does OctaFX accept Payoneer?
No, OctaFX does not accept Payoneer.
Does OctaFX accept Neteller?
Yes, OctaFX accepts Neteller for depositing money.
Does OctaFX offer Live Chat customer support?
Yes, OctaFX offers customer support through live chat.
Does OctaFX offer phone customer support?
Yes, OctaFX offers customer support over the telephone.
Does OctaFX offer email customer support?
Yes, OctaFX offers customer support through email.
What languages can OctaFX communicate in?
OctaFX has the ability to communicate and support customers who speak: English
Does OctaFX have a wikipedia page?
No, OctaFX does not have an official wikipedia page.
Does OctaFX offer demo accounts?
Yes, OctaFX offers demo accounts so you can learn their systems before risking any real capital. Newbie traders can open a demo account in order to better understand the aspects of Forex trading and test out some of the company’s features before getting a live account.
Compare OctaFX To All Our Other Brokers