Octa fx demo

Forex demo accounts are not just there to learn the basics. They help experienced traders test highly intensive strategies.

Actual forex bonuses

For example, a trader can practice trading on indicators—the technique involves sorting out different indicators in search of a perfect set, which trend forecasts will confirm across all indicators in the set and correctly predict real market behaviour. Automated trading strategies using advanced eas are needed to continuously monitor fluctuations across different currencies. Even strategies requiring extensive use of tools and a high level of trading discipline can be practiced on a demo account. Although the octafx demo account does not involve real money, trading takes place in real market environment with actual trading and quoting data, as it is viewed in the real accounts. You’ll see live trading signals, charts, and trading assets absolutely free!

Free forex demo account

Learn forex completely risk-free

The forex market offers attractive opportunities for traders, but also involves risk. That’s why before diving into forex trading with a live account, it’s best to open a risk-free forex demo account. The octafx demo account provides the same forex trading experience as real accounts. The only difference is that the funds on the forex demo account are simulated. You don’t trade with real money, so it is completely risk-free.

Access the demo account without deposit

The octafx forex demo account is essentially a practice account. You just need to sign up and create one in a couple of clicks to get started. With it, you can get accustomed to a variety of features of the forex trading platform and get familiar with the dynamics of the forex market before committing any real funds. Practicing with unlimited demo dollars helps you better understand how to execute trades, as well as your risk exposure. While being equipped with all the real account features, it allows you to:

Use it completely free of charge: test your trading strategies and bots for scalping, and execute trades completely risk free as many times as necessary

Trade with virtual money: even though it’s a trading simulation, we still provide you with real trading signals that are also free of charge

Discover all the features of the trading platform: learn to read charts and use graphic objects, levels, fibonacci retracements, and more

Experiment with different order types.

Practicing at your own pace

We understand that new traders need time to get familiar with tools and market specifics, and we consider it very important to provide learners with demo accounts; the performance of inexperienced, new traders might be far from their expectations without prior learning or practicing. For experienced traders who wish to forward test or back test their strategies and practice their trading skills, our demo accounts offer even more, providing an unlimited balance and full support of various trading robots. Test trend following, breakout, momentum, and other strategies on your way to create the best trading plan.

Real market conditions

Although the octafx demo account does not involve real money, trading takes place in real market environment with actual trading and quoting data, as it is viewed in the real accounts. You’ll see live trading signals, charts, and trading assets absolutely free!

Access to MT4 and MT5

Metatrader 4 web-platform

MT4 web platform allows you to trade from any browser on any operating system with a well-known interface of a desktop platform. All major tools are available including one click trading and chart trading.

Metatrader 4 desktop

Metatrader 4 is highly customisable. It includes charting tools, market indicators, scripts and eas, advanced risk management, real time market execution and more.

Metatrader 4 android

Enjoy a complete set of trade orders, trading history, interactive charts and the widest variety of supported devices - all that is metatrader 4 for android. Wherever you are and whatever you do, forex will always be with you!

Metatrader 4 ios

Widespread trading software is now available for your iphone/ipad. Login to your account and have the opportunity to trade on metatrader 4 from anywhere in the world via your ios device.

Metatrader 5 web-platform

Trade with the metatrader 5 web platform without installing or downloading any software application. You can trade on the forex market with any browser and operating system with an internet connection. Access your trading account with metatrader 5 web platform right now.

Metatrader 5 desktop

Download metatrader 5 and start trading with amazing functionality, technical and fundamental market analysis, copy trading and automated trading features incorporated into this platform. This version offers a diversity of order types and execution modes. Metatrader 5 features an unlimited amount of charts with 21 timeframes and one-minute history of quotes along with analytical tools not to mention 80 built-in technical indicators plus much more.

Metatrader 5 android

Download metatrader 5 on your android phone or tablet and trade currencies with cfds. Metatrader 5 is available for android allowing you to trade and check your account from wherever you are. Using your smartphone or tablet you can access the main features of the platform.

Metatrader 5 ios

The new metatrader 5 platform offers mobile online trading on the forexmarket.Trade forex directly from your iphone and ipad! This new application allows you to connect to octafx servers, receive currency quotes, analyze financial markets using charts and technical indicators, trade and view the history of your trading operations.

Perfect for testing trading strategies

Forex demo accounts are not just there to learn the basics. They help experienced traders test highly intensive strategies. For example, a trader can practice trading on indicators—the technique involves sorting out different indicators in search of a perfect set, which trend forecasts will confirm across all indicators in the set and correctly predict real market behaviour. Automated trading strategies using advanced eas are needed to continuously monitor fluctuations across different currencies. Even strategies requiring extensive use of tools and a high level of trading discipline can be practiced on a demo account.

Learn with demo contests and win prizes

In order to turn your learning steps into a more rewarding process, we’ve developed several demo contests that will allow you to earn real money. You can practice reversal trading, use automated trading, or show your newly built skills to get the first prize.

Champion demo contest

Ctrader weekly
demo contest

Moving forward to real trading

The retail part of the forex market is all about making profit. When you feel like you have enough experience in trading on demo accounts, and when you make steady profits from session to session, we recommend you move on to making real money on real trading accounts.

Metatrader 4 free trading software

Download metatrader 4 for all device versions

Download metatrader 4 on your phone

Metatrader 4 web-platform

Metatrader 4 desktop

Metatrader 4 is highly customisable. It includes charting tools, market indicators, scripts and eas, advanced risk management, real time market execution and more.

Metatrader 4 android

Metatrader 4 ios

Widespread trading software is now available for your iphone/ipad. Login to your account and have the opportunity to trade on metatrader 4 from anywhere in the world via your ios device.

THE MOST POPULAR FOREX TRADING PLATFORM

Metatrader 4 (MT4) provides robust technology and high security to enable traders to choose forex or CFD positions without worrying about the stability of the platform. It offers instruments to follow price fluctuations, identify trend patterns through charts and graphs, and also deploy automated trading techniques to manage trades.

Why choose metatrader 4?

This electronic trading platform is used by new and experienced traders alike. It’s trusted by individual traders as well as large introducing brokers and trading companies. It offers excellent trading and analytical tools, and is flexible enough to implement simple as well as highly complex trading strategies. The platform supports trading in forex, cfds and cryptocurrencies.

At octafx, we provide our clients with the MT4 platform to enable them to carry out their trading activities efficiently and with complete peace of mind. We also offer educational material, as well as MT4 demo accounts, so they can practice risk-free trading.

Easier trading with metatrader 4

Flexibility: there are several choices of currency pairs to trade in, as well as cryptocurrencies and cfds.

User-friendly: MT4 has a user-friendly interface that is suitable for traders of all levels.

Customisation: develop your own expert advisors (eas) and technical indicators on metatrader 4, to match your trading needs and practices. Windows and charts can be arranged for each profile according to your preferences.

Efficiency: MT4 doesn’t slow down the performance of your PC or mobile, keeping disruption to a minimum.

Charting tools: advanced charting tools help analyze the technical aspects of the market.

Expert advisors: trading robots enable the automation of trades and access to the platform’s algorithmic trading benefits.

Language: the platform is available in multiple languages.

Learn how to start forex trading in 4 easy steps
learn how to start trading on MT4

Metatrader 4 offers enhanced security

The MT4 platform offers the highest security standards to protect traders’ funds. The client terminal and platform servers exchange data through encrypted servers, and the platform uses RSA digital signatures. Your IP address also remains protected.

Moreover, alongside metatrader 4 security, octafx provides it’s own measures taking fund security to the next level:

Segregated accounts: as per international regulatory standards, octafx keeps customers' funds separate from the company's balance sheets.

SSL-protected personal area: customers’ personal data and financial transactions are protected with 128-bit encryption, making browsing safe and client data inaccessible to any third party.

Account verification: octafx encourages customers to verify their account by submitting a personal ID scan and proof of address to ensure transactions are authorised and secured.

Secure withdrawal rules: withdrawals require email confirmation and customers are encouraged to use the same payment details for both deposits and withdrawals.

3D secure visa authorisation: 3D secure technology is used for processing credit and debit cards.

Advanced protection: octafx ensures the technical environment is monitored 24/7 by a dedicated team of security engineers and technical specialists.

Metatrader 4: OS and device compatibility

Metatrader 4 is available as a web platform that’s compatible with windows, linux and mac OS. MT4 can also be accessed from a smartphone or tablet, whether it has an ios or android operating system. Trade anytime and anywhere, and have access to trading information 24 hours a day, even while you’re traveling or on vacation. It is super-easy to download and install the terminal on any compatible device.

Metatrader 4: trade execution modes

An order is an instruction to perform a trade. There are three trade execution modes on the MT4 platform:

Execution by market: your order opens a position at the latest price, even if there’s a deviation from what is visible on the platform. This results in much faster execution of orders, as it doesn’t involve requotes. *
* supported by octafx

Instant execution: the system tries to execute your order using the current price on the platform. If the exchange rate changes while the order is being processed, a requote option becomes available, which the trader can accept or reject.

Execution on request: prices are requested before the order is placed. Once the exchange rates come in, order execution can be confirmed or rejected.

Metatrader 4: сharting tools for technical analysis

Metatrader 4 offers advanced charting capabilities to determine entry and exit points with technical analysis, which uses historical price and volume data to help make predictions. It’s also possible to send trading orders straight from the chart.

By default, MT4 opens with four charts, each representing a unique currency pair. On the left of the charts is the market watch window, with two tabs. The symbols tab shows a list of currency pairs with their bid and ask prices, while the tick charts tab shows the real-time price activity of chosen currency pairs. Below this is the navigator window, where traders can view their account(s), indicators and expert advisors.

The appearance of the charts can be customised. Each currency pair on the chart can be seen in nine different timeframes (including one minute, five minutes, one hour, daily, weekly, monthly). Graphical objects can be included in the charts, such as shapes (rectangle, triangle, ellipse), arrows and text.

Octafx demo account

How to set up a octafx demo account – step by step

To register for, and set up a octafx demo account, traders can follow these steps:

To access the octafx demo account, traders will have to go through the full registration process of opening a live account.

Navigate to the octafx website and click ‘registration’ on the home page.

The trader will be redirected to a new page where an online application form will appear, and traders must provide their first and last name, email address, and a password.

Alternatively, traders can opt to register their details by using their facebook or google credentials by clicking on the relevant icons provided, respectively.

To complete registration, the trader must check their email for confirmation. As soon as the trader has received the email, the embedded link to ‘confirm’ can be clicked and the trader will receive another email to confirm registration.

In the email, the trader can click on the ‘start trading’ link to be redirected to the octafx website and the registration form.

Traders will need to provide information such as their residential address and employment details, amidst others, along with providing documents to serve as proof of identification and residential address.

A demo account is often referred to as a practice account due to it providing traders with the ability and freedom to explore the broker’s offering without running the risk of incurring losses through the provision of virtual money with which to practice trading.

Beginner traders can use demo accounts to familiarize themselves with a live trading environment, where they can build up their trading skills by actively participating in trades and develop their own trading strategies.

Demo accounts are not merely intended only for beginners, but it provides more advanced traders the opportunity to explore what octafx has to offer.

Octafx demo account features

The octafx demo account features will depend on the trading platform that the trader uses, whether metatrader 4, ctrader or metatrader 5, in conjunction with the demo account.

In other words, the demo account features can be accessed through the trading platform and will depend on octafx’s offering with regards to asset classes, financial instruments, spreads, leverage, and so on.

Pros and cons

PROS	CONS
1. Metatrader 4, metatrader 5 and ctrader are reliable, user-friendly trading platforms	1. Full registration needed to access demo account

What is the difference between a demo and live trading account?

A demo account provides the trader with a practice account that can be used to practice trading in a risk free environment.

Demo accounts are often suited for beginners who need to build up experience with trading as well as advanced traders who would like to test their trading strategies and explore the offering of a broker before registering a live account.

Does octafx offer a demo account?

Can I convert my demo account to a live trading account with octafx?

No, there is no need for conversion.

You have to complete the full registration before you can access the demo account, so octafx will already have the relevant information and documentation should you wish to open a live account.

Octafx review

Editors summary

Octafx is relatively well established in relation to some of the other forex brokers; however, they don't hold any licensing and regulation from recognised sources. This doesn't appear to have done them any harm, and they have over 100,000 traders with new members signing up regularly. They state that they are committed to providing excellent customer service and there doesn't seem to be any reason not to trust them.

Risk warning: the products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad disclosure: some of the links that you will find on this website are advertisements for which we do receive financial gain for referring new customers.

Introduction

Octafx or octa markets inc. Was established in 2011 in st. Vincent and the grenadines. Since then, they have grown to provide their forex trading services in over 100 countries worldwide and claim to offer the lowest spreads in the industry. They use the most up-to-date technology to provide a "convenient" trading experience for their many clients.

With convenience and high standards being two of their core values, they are continually striving to improve the user experience and make sure they stay at the forefront of the forex market. Their team of experts are always working to provide new services and new promotions while retaining their commitment to the customer experience.

While you may like the look of octafx, how can you be sure that they are the broker for you? Do they offer the right trading experience and how much do you need to invest to open an account? These are all of the things that we research on your behalf so that you can make an informed decision based on our findings.

Account types

While some brokers offer one or two accounts and other brokers as many as eight, octafx seems to fall somewhere in the middle with an offering of three main accounts plus a demo. We take a look at each of these accounts and their trading features:

Micro account

The micro account is designed for the novice trader and is perfect for those just starting. It is built for the MT4 platform and requires a deposit of $100. The spreads available start from 0.4 pips and leverage of up to 1:500 can be achieved.

Pro account

For the slightly more experienced trader, the pro account requires a recommended deposit of $500. For this, you can enjoy spreads from 0.2 pips and up to 1:200 leverage. The account holder then has access to the MT5 platform with various charts and data analysis.

ECN account

Built on the ctrader platform, the ECN account is for the progressive trader. With a $100 deposit, you can enjoy spreads of 0 pips and up to 1:500 leverage. The ctrader platforms mean that you can customise your experience.

Demo account

It wasn't easy to access the demo account as there were no apparent links or promotion of it, however after some searching we discovered the link in the practice area. You can open as many demo accounts as you want to practise and test your strategy.

Trade features and payouts

What can you expect from trading with octafx in terms of payouts, leverage and other trading features?

Leverage

The amount of leverage you can use depends on the account type you open. Leverage is another way of describing how you can multiply your funds. Using leverage of up to 1:500 you can increase your trading capital but remember, the more you leverage, the more of your investment you risk.

Spreads

Octafx claims to offer the lowest spreads available. They certainly seem very low when you look at what can be achieved ranging from 0-0.4 pips for the various account types.

Stop loss

To limit your loss on a position, you can exercise the stop loss feature. Often this is coupled with a take profit option as well. It allows you to trigger an exit from the trade when a specific price is reached. It doesn't require you to be online; you activate it when you have executed the trade.

Platform types

Many brokers use the metatrader platforms unless they have their proprietary software, and octafx is no exception. They offer three types of platform all with their own associated accounts:

Bonuses and promotions

There is a standard bonus offer that is available when you open an account with octafx and when you continue to make deposits. Open an account with a minimum deposit of $50 and get 50% bonus. That's a $75 bonus available to trade with straight away. Every time you make a further deposit you continue to receive the bonus.

In addition to the bonus, there are also two contests available; the champion demo contest with cash prizes of up to $500 and the ctrader weekly contest that offers cash prizes up to a value of $150.

Mobile trading

With octafx you can choose your mobile trading experience. If you are new to trading, then you may prefer the micro account on the MT4 platform which gives you a much more minimalistic view of the platform. If you are feeling a little more confident or have a bit more experience, the charts available with MT5 may be more what you are looking for.

You can download an app for ios and android with whichever version you choose, and the apps are suitable for mobile phones and tablets. This is the perfect portfolio of options for those who have varying degrees of experience and like to trade on the move.

Octafx is fairly well established in relation to some of the other forex brokers.

Deposits and withdrawals

Right at the top of the website is a link to "deposit and withdrawal". Click on this and takes you to a page where you can find all of the information that you need. There are no fees charged on deposits and withdrawals, and there are various methods of making a deposit. If you are using a credit card you will need to deposit a minimum of $5. With skrill and neteller it is $50.

Once you are ready to make a withdrawal request the amount you want to withdraw and the funds will be returned to the method of withdrawal. The minimum amount you can withdraw is limited to $5 with neteller and skrill.

Special features

Often certain features make a broker stand out or that give them an edge. Sometimes there are offered by other brokers because it is hard to be unique, but even so, there are those things that draw you to a particular broker. Trading with octafx offers the following:

Customer support

A good test of a broker is how visible they are and what sort of customer support they offer. If you are a new trader, you want to know that you can get answers to your questions and queries. Octafx provides many methods to get hold of support including a live chat box in the bottom of the screen, telephone numbers and even a what's app number for texts.

In addition to this there is an address for correspondence and email addresses for the various departments. There are telephone numbers for different countries as well. If you want to make your queries a little more public, they also offer links to their social media pages.

We want to help our readers in any way we can, but sometimes it's better to talk directly with your investing site to get the answers you need. For example if you have a specific query about your account you'll need to contact them in person due to security.

Alternatively, if you find that contacting your investing partner isn't working, you can contact us and we will be more than happy to try on your behalf. We have excellent working relationships with many of the sites we list and recommend.

Octafx

Email: [email protected]

Phone: +44 0203 322 1059

Address: octafx, suite 305, griffith corporate centre, beachmont, kingstown, st. Vincent and the grenadines

Conclusion

Octafx is fairly well established in relation to some of the other forex brokers however they don't hold any licensing and regulation from recognised sources like cysec and the FCA. They do state that they act following international legislation and regulation standards. This doesn't appear to have done them any harm, and they have over 100,000 traders with new members signing up regularly. They state that they are committed to providing good customer service, and there doesn't seem to be any reason to believe that they aren't a broker that you should trust.

Their technology and trading platforms offer everything for the new to the more experienced trader, and they are continually looking at ways to improve and update their platforms. With competitive spreads, robust trading features and regular bonuses, octafx seems to offer what many of you are looking for.

Our review rating system (more info)

To ensure our readers know how our experts get to their conclusions, we feel it's essential to be transparent about the rating system we use. All our ratings focus on seven key factors which are shown below. Some of these factors carry more weight than others due to their importance. The importance of a factor has ultimately been decided by our readers and years of their feedback.

Octafx MT4 demo trading contest

Octafx runs metatrader4 demo trading competition with cash prizes every month.

Join the risk-free trading competition on MT4 (metatrader4) platform, and win real cash prizes.

Trading contest details

Monthly virtual trading contest to win real cash prizes!

Join the demo competition and trade on octafx MT4.

Contest information

contest type	metatrader4 demo
who can join?	All traders of octafx
round duration	1 month
withdrawal of contest prize	available at anytime

How to join the contest

1. Log in or sign up on octafx

Sign up or log in to your personal area on octafx, then open the menu on the right and click open champion demo contest account.

During the registration period anyone above the right legal age can register for the contest.

2. Open a new champion demo contest account

Each contest account has the same trading conditions, which are 28 currency pairs, gold and silver available for trading.

Minimal volume is 0.01 lot, maximum is not limited, initial deposit is 1000 USD and leverage is 1:500.

3. Download the MT4 trading platform or use the browser version

You can download the trading platform from octafx official website.

4. Wait until contest period and start trading on MT4 using a contest account

Contest round length is four weeks from start to finish.

To login, use the octafx-demo server, and your trader password but not your investor one.

5. Get the highest balance and win a prize

All trading techniques or eas (robot trading) are allowed.

But any kind of arbitrage trading or any other abuse with pricing and/or quotes will be subject to disqualification from the contest.

To win one of the prizes you should have the highest balance when the contest round ends—the gain percentage does not influence winning.

Usually, it takes from couple of days to a week. To get your prize you’ll need to answer a couple of questions for site news.

Also your account must be verified. Prize funds will be credited to your wallet.

Funding and withdrawal conditions

The funds in your contest account are virtual, so you can’t withdraw them.

You are free to withdraw the prize or make more money from trading on your real account.

In case prize funds are used for real trading, the withdrawal limit is 300% of the prize funds (including both the prize funds and profit).

Terms and conditions

Find the full terms and conditions of the contest below.

The contest name is octafx champion, hereinafter referred to as the contest.

The contest is organized and run by octa markets incorporated, hereinafter referred to as the company.

The contest duration is 1 month from the start date to the finish date.

Registration for the contest is announced prior to its start. During the registration period anyone can register for the contest.

Contest prizes:
- 1st place gets 500 USD
- 2nd place gets 300 USD
- 3rd place gets 100 USD
- The last place gets another 100 USD

Only persons of legal age are able to take part in the contest.

Each participant must register a new demo account for each contest round.

Each participant agrees to provide real data during the registration. Providing fake data may result in disqualification from the contest.

ANY KIND of IP match will be subject to disqualification.

Any kind of arbitrage trading or any other abuse with pricing and/or quotes will be subject to disqualification from the contest.

The company reserves the right to reject or disqualify any participant without explaining the reason. Reasons for disqualification may include opening big volume opposite orders with the same currency pairs in different trading accounts at approximately the same time, as well as the usage of failures in the quote flow for getting guaranteed profit, or any other kinds of cheating.

Each contest account has the same trading conditions, that is:
- Account type – similar to similar to octafx micro account
- Trading tools – similar to similar to octafx micro account
- Initial deposit – 1,000 USD
- Leverage: 1:500
- Minimum volume – 0.01 lot, maximum volume is not limited

All trading techniques or eas are allowed.

All the current contest stats are available at octafx website.

On the contest finish date all the open orders will be automatically closed at the current market rate.

The participant with the highest balance wins the contest.

Winners agree to publication of their names in the company news.

Each contestant agrees that some of his/her registration data (including but not limited to country of residence) will be published in the official website.

The prize is paid into the client’s wallet and can be withdrawn.

In case two or more contest winners have equal balances in the end of the contest, they will share the prize equally.

In case the prize funds are used for real trading, the withdrawal limit is 300% of the prize funds (including both the prize funds and profit).

The company reserves the right to declare any prize already given invalid and subject to cancellation upon direct or indirect evidence of attempted fraudulent operations with the prize funds.

Octafx review

Used by 300,000+ traders

Established in 2011

Regulated by FSA

Min. Deposit from £5

To open a live account, you’ll need a minimum deposit of at least £5. Alternatively, octafx offers a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by . Octafx puts all client funds in a segregated bank account and uses tier-1 banks for this. Octafx has been established since 2011, and have a head office in st. Vincent and the grenadines.

Before we dive into some of the more detailed aspects of octafx’s spreads, fees, platforms and trading features, you may want to open octafx’s website in a new tab by clicking the button below in order to see the latest information directly from octafx.

Full disclosure: we may receive a commission if you sign up with a broker using one of our links.

Losses can exceed deposits

What are octafx's spreads & fees?

Like most brokers, octafx takes a fee from the spread, which is the difference between the buy and sell price of an instrument.

The commisions and spreads displayed below are based on the minimum spreads listed on octafx’s website. The colour bars show how competitive octafx's spreads are in comparison to other popular brokers featured on brokernotes.

Octafx
EUR/USD (average: 0.7 pips)	0.4 pips + $0.00	0.7 pips	0.1 pips
GBP/USD (average: 1.1 pips)	0.5 pips + $0.00	1.7 pips	0.1 pips
USD/JPY (average: 1.1 pips)	0.4 pips + $0.00	0.6 pips	0.1 pips
AUD/USD (average: 0.8 pips)	0.6 pips + $0.00	0.6 pips	0.2 pips
USD/CHF (average: 2.3 pips)	0.4 pips + $0.00	2.3 pips	0.2 pips
USD/CAD (average: 2.9 pips)	0.6 pips + $0.00	0.5 pips	0.3 pips
NZD/USD (average: 3.6 pips)	0.8 pips + $0.00	2.8 pips	0.3 pips
EUR/GBP (average: 2.4 pips)	0.6 pips + $0.00	0.5 pips	0.1 pips

Spreads are dynamic and are for informational purposes only.

As you can see, octafx’s minimum spread for trading EUR/USD is 0.4 pips - which is relatively low compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with octafx vs. Similar brokers.

How much does octafx charge to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) with octafx at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $0. Here’s a rough breakdown of the fees and how this compares against IG & XTB .

Octafx	IG	XTB
spread from :	$ 0.00	$ 6.00	$ 2.00
commission :	$0.00	$0.00	$0.00
total cost of a 100k trade:	$ 0.00	$ 6.00	$ 2.00
$6 more	$2 more
visit octafx	visit IG	visit XTB

All fees/prices are for informational purposes and are subject to change.

What can you trade with octafx?

Octafx offers over 40 different instruments to trade, including over 28 currency pairs. We’ve summarised all of the different types of instruments offered by octafx below, along with the instruments offered by IG and XTB for comparison.

FX / currency cfds	octafx	IG	XTB
# of forex pairs offered	28	90	48
major forex pairs	yes	yes	yes
minor forex pairs	yes	yes	yes
exotic forex pairs	yes	yes
cryptocurrencies	yes	yes	yes

commodity cfds	octafx	IG	XTB
# of commodities offered	2	34	21
metals	yes	yes	yes
energies	yes	yes	yes
agricultural	no	yes	yes

index & stock cfds	octafx	IG	XTB
# of stocks offered	0	8000	1606
UK shares	no	yes	yes
US shares	no	yes	yes
german shares	yes	yes	yes
japanese shares	yes	yes	yes
see octafx's instruments	see IG's instruments	see XTB's instruments

What’s the octafx trading experience like?

1) platforms and apps

Octafx is one of the few brokers that offer both of the metatrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here. Octafx is one of a handful of brokers that offer the ctrader platform developed for traders looking for a STP/ECN solution. For a list of forex brokers that offer the ctrader platform, check out our comparison of ctrader brokers.

Octafx also offer mobile apps for android and ios, making it easier to keep an eye on and execute your trades while you are on the move.

Still not sure?

2) executing trades

Octafx allows you to execute a minimum trade of 0.01 lot. This may vary depending on the account you open. Octafx allows you to execute a maximum trade of 10 lot. As octafx offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

As a market maker, octafx may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.

Finally, we’ve listed some of the popular funding methods that octafx offers its traders below.

Trading features:

Accounts offered:

Demo account

Micro account

Mini account

Standard account

Zero spread account

Islamic account

Funding methods:

3) client support

Octafx support a limited number including english.

Octafx has a brokernotes triple AAA support rating because they offer a wide range of languages and support options.

4) what you’ll need to open an account with octafx

As octafx is regulated by FSA , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

A scanned colour copy of your passport, driving license or national ID

A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore octafx’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with octafx you can visit their website here.

Marcus founded brokernotes in 2014 after trying hard to find a broker for himself to trade and struggling to compare brokers like-for-like. You can find more about brokernotes & marcus here.

Cfds are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.Octafx.Co.Uk/ on 01/01/2021.

Octafx not quite right?

Compare these octafx alternatives or find your next broker using our free interactive tool.

Akaun demo forex percuma

Belajar forex secara bebas risiko sepenuhnya

Pasaran forex menawarkan peluang menarik kepada pedagang, tetapi masih melibatkan risiko yang tinggi. Itulah sebabnya sebelum anda menyelami dunia dagangan forex dengan akaun sebenar, penting untuk anda membuka akaun demo forex yang bebas risiko terlebih dahulu. Akaun demo octafx membekalkan pengalaman dagangan forex sebagai akaun sebenar, satu-satunya perbezaan adalah dana yang digunakan merupakan dana simulasi dalam akaun demo forex. Anda tidak perlu mendagangkan wang sebenar, jadi kemenangan dan kerugian anda juga bukan yang sebenar.

Akses akaun demo tanpa deposit atau kredit diperlukan

Akaun demo forex octafx secara asasnya ialah akaun latihan. Anda hanya perlu mendaftar dan mencipta akaun dengan beberapa klik untuk bermula. Melalui akaun ini, anda boleh menyesuaikan diri dengan pelbagai ciri platform dagangan forex dan memahami tentang dinamik pasaran forex sebelum menggunakan dana sebenar. Membuat latihan dengan dolar demo tanpa had membantu anda memahami cara melaksanakan dagangan dan juga pendedahan risiko anda dengan lebih baik. Akaun ini memberi anda semua ciri akaun sebenar dan membolehkan anda :

Menggunakannya secara percuma sepenuhnya: uji strategi dagangan anda dan bot untuk scalping, dan laksanakan dagangan sebanyak mungkin tanpa sebarang risiko

Berdagang dengan wang maya: walaupun ia merupakan simulasi dagangan, kami masih lagi membekalkan anda dengan isyarat secara percuma

Terokai semua ciri-ciri platform dagangan: ketahui cara untuk membaca carta dan menggunakan objek grafik, tahap, penarikan fibonacci dan banyak lagi

Eksperimen pelbagai jenis perintah yang berlainan

Berlatih mengikut kemampuan anda

Kami faham bahawa pedagang baru memerlukan masa untuk membiasakan diri dengan perincian alat dan pasaran dan kami mengetahui sangat penting untuk menyediakan akaun demo kepada mereka yang ingin belajar; prestasi pedagang baru yang tidak berpengalaman mungkin jauh daripada jangkaan tanpa membuat latihan terlebih dahulu. Bagi pedagang berpengalaman yang ingin membuat ujian ke hadapan atau ujian ke belakang bagi strategi mereka dan melatih kemahiran dagangan mereka, akaun demo kami menyediakan lebih banyak manfaat, baki tanpa had dan sokongan penuh bagi pelbagai robot dagangan. Uji strategi mengikut trend, penembusan, momentum dan strategi lain dalam usaha anda untuk menghasilkan rancangan dagangan yang terbaik.

Syarat pasaran sebenar

Walaupun akaun demo octafx tidak melibatkan wang sebenar, dagangan dilakukan dengan data dan pasaran dan memberikan simulasi syarat dagangan sebenar. Anda akan melihat isyarat dagangan, carta dan aset dagangan sebenar yang sememangnya percuma untuk digunakan!

Octafx review: updated octafx forex broker overview

This is a different and updated octafx review as we have our loyal clients with octafx since 2013 from more than10 countries.

So, please read carefully as we will give an honest review and all the information you need about octafxforex broker.

Let’s start with the most common questions about octafx broker and at the end, you will get our final octafx review

Octafx broker scam or legit?

This is one of the most common questions about octafx broker, traders like you want to start trading and make money but afraid asking himself if I made profits will I get these profits or not.

That’s why we made this honest octafx review and we will be honest with you. Just please keep reading the full article. But to summerise octafx is not SCAM and you will know why! And will know the pros and cons of octafx.

Octafx spread

Octafx spread is really competitive, there are three account types with octafx with different spread for example :

Micro account: floating, starting at 0.4 pips fixed, starting at 2 pips. ( no commission )

Pro account: floating, starting at 0.2 pips ( no commission )

Ecn account: floating, starting at 0 pips ( but please note there is commission )

Please check our octafx spread review here : octafx spread review

Can I start trading with octafx broker in my country?

The answer is yes, octafx is available for all countries except

Octafx available account types :

Demo account: octafx offers an excellent unlimited demo account option, available on MT4, MT5, and ctrader. It offers real market conditions and a chance to win real money in a monthly champion demo contest.

MT4 (micro) account	MT5 (pro) account	ctrader (ECN) account:
with the MT4 (micro) account, you can choose either a floating spread, starting at 0.4 pips or a fixed spread, at 2 pips, depending on your preference. This account requires a minimum deposit of 50 USD (though 100 USD is recommended) and no commission is charged on trades. Leverage is fixed at 1:500 for forex trading and the margin call/stop out is 25%/15%. Metals, indices, and cryptocurrencies can also be traded (though leverage will be lower and is set at 1:2 for cryptos).	The MT5 (pro) account only offers a floating spread, starting at 0.2 pips, and requires a minimum deposit of 500 USD. No commission is charged on this account either but leverage for forex trading is fixed at 1:200 and the margin call/stop out is set at 45%/30%. There are no swaps on this account and overnight commissions are charged after 3 days. As with the MT4 account, both CFD and cryptocurrencies can also be traded.	The ctrader (ECN) account also only offers a floating spread, but this starts at 0 pips. A commission is charged on trades and a minimum deposit of 100 USD is required. Leverage is fixed at 1:500 for currencies and 1:200 for metals – cryptocurrencies and cfds are unavailable with this account. Margin call/stop out is set at 25%/15% and overnight commissions are only charged over weekends.

Octafx regulation

Founded in 2011 and regulated by cysec since 2018 (license 372/18), octafx is a well-respected and secure broker. All funds are properly segregated, and the company has received many awards over the years for its quality of service.

The company was briefly regulated by the FCA (the UK’s financial conduct authority) from 2015 to 2017 (ref: 679306) but decided to not renew its license after the brexit referendum and instead kept its focus on the EU market.

Octafx office locations :

United kingdom, hong kong, indonesia, cyprus, malaysia, thailand

Octafx copy trading review :

For many traders who just want to invest their money for returns, octafx offers copy trading which is perfect for newbies to make some money following professional forex traders without taking risks at beginning of their trading career.

Please note: you will lose your money if you didn’t choose the right trader to follow and our advice for you is to depend on yourself in trading without copying other traders, they aren’t better than you and we will try to help our loyal clients with professional forex strategies, books and more to help them in their trading.

What is octafx minimum deposit?

The minimum deposit amount is $50.00, please note that you can get a 50 % bonus on your deposit. The bonus on deposit can help you in your trading as it helps you to open more trades.

There is no commission on your deposits or withdrawals when you use payment methods neteller or skrill.

You can use neteller, skrill, and bitcoin with no commission, yes no commission.

Octafx available leverage

Octafx has no dealing desk with leverage up to 1:500

Octafx deposits

Octafx withdrawals

Negative balance protection

Please before you start trading with any broker not just octafx broker ask support using live chat or support ticket if they are protecting your from negative balance protection or not. If not leave them immediately because in some cases you will be asked to pay more than your investment. Octafx protect you from negative balance protection.

Here is a question from the octafx broker website about the negative balance protection and the answer from octafx, so you are totally safe from negative balance protection.

Demo contests

Octafx runs two separate demo account contests, one on the MT4 platform and the other on the ctrader platform. The ctrader demo contest runs for one week and the participant with the largest demo account balance at the end of the week will win 150 USD, with smaller prizes for the rest of the top five. The MT4 demo contest works the same way, except it runs for four weeks and the grand prize is 500 USD.

Weekly octafx broker rewards ( cash prizes )

You can win cash prizes. More than 5000 trader competing to win octafx rewards .

What are the prizes?

1st prize gets 500 USD

2nd prize gets 400 USD

3rd prize gets 300 USD

4th place gets 60 USD

5th place gets 40 USD

Prize funds are credited to the client`s wallet and can be withdrawn anytime.

Only five easy steps to join

Octafx ctrader contest for cash prizes

If you use ctrader you can find the second contest and next chance to win cash prizes

Can I trust octafx to start trading?

Segregated accounts

Octafx uses separate accounts to keep protected customers’ funds segregated from the company’s balance sheets. This keeps your funds secure and untouched.

SSL-protected personal area

Your data is safe and can’t be accessed by third party

Octafx uses highly secure technology to protect your personal data and financial transactions.

3D secure visa authorization

Octafx applies 3D secure technology when processing credit and debit cards. This technology makes all visa transactions transparent and safe.

Octafx awards since 2012

Best FOREX BROKER ASIA 2020

Best FOREX BROKER INDIA 2020

Fx daily info best ECN/STP broker 2019

Best ECN BROKER 2020

Fx daily info best forex broker asia 2019

Global banking and finance review best forex broker asia 2018

European CEO magazine best FX broker 2018

European CEO magazine best trading conditions 2018

Forex awards best copy trading platform 2018

Forex awards best trades execution 2017

European CEO magazine best trading conditions 2017

UK forex awards best forex ECN broker 2017

European CEO magazine most transparent broker 2017

Forex report magazine best trading conditions 2016

FX empire best international broker 2015

Forex traders best islamic account forex broker 2015

European CEO magazine best STP broker 2015

FX empire most reliable broker 2014

Global banking and finance review best ECN broker asia 2014

World finance magazine best broker central asia

Global banking and finance review fastest growing micro forex broker 2012

Note: yes these awards are indicators that octafx is growing fast and trusted broker but these can’t be the only reason to start trading using octafx broker. There are other reasons to choose the broker like spreads, commissions on deposits and withdrawals, NO SWAP, and more will be discussed here on www.Octafxreview.Com …

Octafx trading benefits :

Allows scalping

Allows hedging

Offers STP

Low min deposit

Guaranteed stop loss is one of best benefits you can find .

Offers negative balance protection

Where is octafx based?

Octafx’s registered address is suite 305, griffith corporate centre, beachmont, kingstown, st. Vincent and the grenadines.

Does octafx use metatrader?

Yes, octafx does offer metatrader 4 and metatrader 5 for desktop, web and mobile.

Can I make deposit with bitcoin ?

All of us love cryptocurrencies , and yes you can make your deposit and withdraw with bitcoin .

Finally this is our review for octafx broker

Our experts found that octafx brokers can be reliable and trusted forex brokers . Why ?

For newbies and professional traders both, for newbies they can find unlimited easy registration for demo accounts so they can learn and that’s what we suggest they do practice first and learn with demo accounts when they are able to make money then make a deposit and start trading, for professional traders they can find everything available mobile application to trader everywhere, all strategies are available except the abuse of using arbitrage, fast and friendly support ready to help you

( live support) , experts are allowed , simply everything helps you succeed in forex is available .

Auto chartist: don’t depend on it completely but really can help you take decisions and it is FREE with OCTAFX.

Instant deposit ( for neteller and skrill ) minutes for bitcoin.

One of the most important deposits and withdrawals with bitcoin which isn’t available in most brokers.

Contests with CASH PRIZES, yes weekly contests which will help you make more money and improve your trading skills.

We tried to answer all your questions but we are here if you have any questions not answered yet just leave a comment down and we will help .

As we really help our clients and want you succeed please leave a comment or just send e-mail to us to send ( free gifts ) that help you master the markets and trade successfully .

RECOMMENDED FOREX BROKERS

Octatfx has a highly informative and accessible website that aims to promote their services in layman terms. And it achieves that, yet can it can it practice what it preaches?

The broker website is operated by the following companies:

Octa markets cyprus ltd is tightly regulated by the cyprus securities and exchange commission (cysec), carrying all necessary investigations in order to ensure fraud-free market operations. As regulated by cysec, OCTAFX is part of the ICF allowing for a compensation of up to €20 000 to be attributed to clients, if the broker fails or becomes insolvent.

Octa markets incorporated is regulated by the FSA SVG in st. Vincent and the grenadines. This body’s main duties are to ensure that financial institutions are well supervised and that all threats are acted upon with the appropriate force of action. Unlike cysec, this license issuer has no reimbursement scheme to speak of. Another significant drawback is that there is no regulation dedicated to foreign exchange (forex) trading and cryptocurrency, nor are there licenses issued for these two assets:

Spreads depend on the account the client has chosen. So for the MICRO account the EUR/USD spread is 1.1 pips, for the PRO it’s 0.8-1.1 pips, and for the ECN account it’s typically 0.7-0.8 pips. We would like to remind readers that in the UK and EU the current imposed maximum spread limit is 1:30. For those outside the jurisdiction of ESMA the spread reaches 1:500.

Currently, octatfx offers the following assets to trade with: forex pairs, cryptocurrencies, commodities, stocks. In the bustling, competitive world of forex today, this number of assets is considered low.

The broker is available in the following languages: english, spanish, arabic, indonesian, thai, vietnamese, chinese, german, malay, bengali, portuguese and hindi.

Octatfx offers three platform for trade: MT4, MT5 and ctrader. What’s interesting is that each platform acts also as a separate account.

METATRADER 4

Here we are again with this renowned platform, and for a reason! MT4 stands tall against other trading terminals. Consider using expert advisors to set your automated trading while you do other business, or take full advantage of what MT4 has to offer: multiple chart management, trading directly from the chart, customized trading indicators, huge selection of trading options and much more.

The MT4 acts as the MICRO account type. So, the spread for EUR/USD 1.1 pips, while the leverage for the EU/UK is 1:30 (due to ESMA), and reaches 1:500 for those outside these zones.

There are no commissions attached to this account.

MT4 is available on smartphones (iphone, android), on any browser and as a standalone desktop version.

METATRADER 5

MT5 strives to replace MT4 but fails to do so, not because it’s inferior but because most brokers nowadays use MT4 as the default terminal. Nevertheless, MT5 comes with new and handy features that traders will surely find useful. There are auto trading bots, plus VPS (same as MT4).

The MT5 acts as the PRO account type. So, the spread for EUR/USD 0.8-1.1 pips, while the leverage for the EU/UK is 1:30 (due to ESMA), and reaches to 1:500 for those outside these zones.

The are no commissions attached to this account.

MT5 is available on smartphones, on any browser and as a standalone desktop version.

The functional ctrader has been included by octafx. This platform handles with ease and possesses a much better visual style than both MT4/5. The interface is highly customizable, giving end users a much needed aesthetic touch of their own. One of the main features of ctrader is the ability for traders to access provider’s liquidity making room for better pricing and lower spreads. There is also automated trading, and great back testing facilities.

Ctrader acts as the ECN account type. So, the spread for EUR/USD 0.7-0.8 pips, while the leverage for the EU/UK is 1:30 (due to ESMA), and reaches to 1:500 for those outside these zones.

Ctrader has a commission structure attached to it. For one standard lot a round turnof $6 will be feed. So this changes the EUR/USD spread from 0.7-0.8 pips to 1.3-1.4 pips.

Ctrader is available: for download as a standalone software for desktop, to mobile users, and can be accessed via a browser.

COPYTRADING

The broker offers for the opportunity to copy expert traders, automatically, without spending time on building a strategy or being constantly glued to a screen. This is a superb opportunity for those who do not have the time, or have little of it, to dedicate to online trading. To start, just browse through the many expert traders, set your preferences, invest and voila! Note that, even if the trader dealing for you gets a bonus if your investment turns to profit, this system does not guarantee 100% wins all of the time.

OCTAFX MINIMUM DEPOSIT

The minimum deposit is $50, immediately making room for smaller or casual traders. Typically, a higher minimum deposit limit has the ability to intimidate many novice traders.

The methods for depositing are: neteller, skrill and bitcoin. In this day and age of online currency and cfds trading these options are significantly low than bar. When considering the instruments in circulation by admiral markets and, especially, FX choice, the assortment that this here broker has seems laughable in comparison.

The base currencies are limited to only EUR and USD. The same comment as above can be applied here. A global broker should include more base currencies.

All methods of funding are instant. Here, however, octafx shines, as it falls in the niche of swift deposit methods, a niche that grows ever so tighter.

There are no fees attached. Fees commissioned by thirds parties will be covered by octafx.

OCTAFX WITHDRAWAL TIME AND FEES

Cysec regulation reassures that no harm will come to clients withdrawals.

The withdrawal methods are: neteller, skrill and bitcoin. Again, significantly fewer withdrawal methods that your standard broker.

Withdrawals are instant. This is a rare sight to see in an industry of long process times, and unexpected delays.

There are no fees attached to withdrawal. Fees commissioned by thirds parties will be covered by octafx. This makes us even more agitated at the fact that octafx has not included more payment options.

The minimum withdrawal amount is $5.

BONUSES AND PROMOTIONS

Bonuses are solely offered by octatfx’s offshore entity, due to cysec banning them in europe.

There is a 50% bonus with every deposit.

The most active and successful traders will have the opportunity to win smartphones/smartwatches, as well as a 3 luxury cars at the end of the year.

There is the opportunity to win $500 while trading with your DEMO account.

Trade suing a ctrader DEMO account, and finish with the highest profit at the end of the week to get $150.

BOTTOM LINE

First and foremost, octafx is regulated by one of the best institutes for the job in the world (cysec), as well as one of the shadier ones where many suspicious brokers get their licenses from- FSA SVG, making things rather ambiguous.

Second, there is a very limited number of payment methods, which in this day and age of online trading is unsatisfactory. However, there are no fees attached to said methods, and to top that the broker offers great and detailed trading platforms.

So, let's see, what we have: practice trading for free with $5000 USD or more in demo account with currencies, cfds, stocks, metals, crypto, and other assets. At octa fx demo