Broker forex octafx

Broker forex octafx

About OctaFX. Headquarters: Nicosia, Cyprus. Octa Markets Cyprus Ltd. 47 Strovolou. 5th floor. Nicosia. Cyprus. Founded OcatFX is one of the most well-known CFDs and Forex brokers in the world at present. Started in , this company has been incorporated in the financial markets of the Grenadine islands and Sy Vincent. Keeping the Asian financial markets as its main service area, OcataFX has based in Jakarta, Indonesia. This platform has clients originating from Inroducing Broker Program (IB Brokers) from #1 Forex Broker OctaFX. Participate in the best Forex Affiliate program

OctaFX - Forex Broker Reviews

OctaFX is a well established CFD and Forex broker that has grown considerably over the past few years. Through a combination of low fees, broker forex octafx, advanced technology and efficient customer support, broker forex octafx, OctaFX has managed to expand into over countries.

While this is impressive, can they really be trusted? In this OctaFX review we will take an in-depth look into this broker by delving into their tech, fees, regulation and reputation.

We will also give you some top tips in order to make the most of your experience on their platforms. The holding company that controls the broker is called Octa Markets Ltd and their offices are at suiteGriffith Corporate Centre, Kingston. They also have a subsidiary company that is based in Cyprus and is called Octa Markets Cyprus Ltd.

This is the entity that holds their CySec regulatory licence more on this below. They are well known for being one of the best STP Straight Trough Processing ECN brokers on the market. This means that they do not operate a dealing desk and can therefore give you some of the lowest fees. Moreover, given that they are using the STP technology, their execution is well known in the industry and they have some of the lowest rates of slippage on the market.

Leverage on the broker can be as high as broker forex octafx some of the Broker forex octafx pairs and they make a market in a number of different assets. Although they are a global broker that is able to accept clients from over countries, the bulk of their traders come from Asia, broker forex octafx. There are also some jurisdictions where they cannot accept clients and these include the likes of the USA etc.

This is one of the most important questions for any trader. You need to make sure that you are trading with a broker that has all the right protections in place in case of unforeseen circumstances. As mentioned above, OctaFX has a subsidiary entity that is based in Cyprus.

This means that they will fall under the jurisdiction of this authority. Given that this is a Broker forex octafx licence it means that they are allowed to offer their services to clients across the EU. In order to get a CySec licence there are a number of tests and checks that the broker must pass, broker forex octafx. They are also monitored on an ongoing basis to make sure they are in compliance of these:. Apart from all of the above benefits that come from regulation, broker forex octafx, there is also the comfort that comes from knowing that you have someone to turn to.

If ever you have any complaints about the broker then CySEC has a self reporting portal, broker forex octafx. Something else that OctaFX does that helps protect clients is their use of segregated funds, broker forex octafx. This essentially keeps the funds in a bank account that is seperate from that of the main broker operations.

This means that the broker cannot use client funds for their own business, broker forex octafx. It also means that the broker can easily meet all client withdrawal requests the moment that they are instituted without any sort of liquidity crunch. OctaFX seems to offer most of the standard asset classes including Forex, Commodities, Equities and Crypto. However, delving into the assets themselves shows the coverage to be rather lacking.

On the broker forex octafx side, there are a number of minor forex crosses that are not included. Most emerging market currencies are excluded. With respect to equities, they only offer indices with no single stocks and on the commodities side, they only have Gold and Silver on the micro account. Moreover, on the crypto side they only have three cryptocurrency pairs being Bitcoin BTCbroker forex octafx, Litecoin LTC and Ethereum ETH.

Given that OctaFX is a CFD broker, this means that broker forex octafx will be trading on margin and with leverage. This means that your gains and losses are multiplied by this leverage factor.

The amount of leverage that you can take out on each trade depends on the account that you have created as well as the asset that you are trading. At OctaFX you have a maximum of leverage that can be attained on their currency pairs as well as for metals and for indices. We were, however, broker forex octafx, quite disappointed with the leverage on the cryptocurrency assets. OctaFX only allows you leverage of on these pairs. If you are looking for a broker with higher limits on crypto then you can look at IQ Option.

Having said that though, OctaFX does offer their traders negative balance protection. This will help ease the fear of traders as it means that they will never lose more than they have deposited into their accounts. When trading at a broker with leverage, one of the most important factors to consider is the asset spreads as well as any other fees that may apply. In general, OctaFX has some pretty low spreads when compared to the competition.

For many of their major Forex pairs these spreads are close to zero and are especially low for their ECN accounts. When it comes to the exact spreads that you will be charged on the broker forex octafx, it will vary slightly according to the type of account that you have chosen, broker forex octafx. Of course, these are not the minimum spreads that you will sometimes see being quoted.

You can see a complete list of the spreads that are applied to the different assets on their spreads page. For example, if you are on the Micro account then you may have to pay a swap fee. This could be a fee or a rebate as it is tied to interest rate differentials outside of the control of OctaFX. This is charged every third rollover, that is, every third night at Midnight.

As mentioned before, there are three main account types that you can use at OctaFX. The choice of these accounts will determine the platform that you trade on and the fees that are applied. Starting with the entry level, you have the Micro account. Then you have the Pro account which uses the slightly more advanced MT5 platform.

This offers slightly lower spreads than broker forex octafx Micro account and will have less trading costs for higher volume. The minimum deposit is slightly higher though. Finally, you have the ECN account which is run on the OctaFX cTrader platform.

This is the platform that allows for STP and the lowest execution latency, broker forex octafx.

These do come with lot commissions though, broker forex octafx. It is also important to point out that all of these accounts have a minimum lot size of 0. Moreover, you are allowed to hedge your positions, use scalping techniques as well as code your own Expert Advisors EAs on all of these trading accounts, broker forex octafx. OctaFX is also known for offering one of the best Islamic accounts in the industry. Their Islamic account is available on all of their trading accounts that they have listed above.

If you wanted to see the commission that you would pay on particular Islamic compliant trades then you can visit this page. It has a handy tool at the bottom where you can select the asset, trade size and account type.

This will tell you how much you are likely to pay. If you would like to give OctaFX a try in a risk-free environment then you could always set up a demo account, broker forex octafx. These replicate the live trading platform but you will be given demo money to initially trade with. You broker forex octafx have free access to all of the trading accounts and these are unlimited.

You can top up your demo funds on request while you refine your trading strategies or test your trading bots, broker forex octafx. Something else that we found quite exciting about the demo platforms at OctaFX broker forex octafx that they have a range of trading competitions. These include their champion demo contest as well as the weekly cTrader demo contest. These have real money prizes that are attached to them. You can read more about these competitions on their demo page.

We were quite impressed with the selection of online and computer-based trading platforms at OctaFX. These include the MT4, the MT5 and the cTrader platforms. What is surprising though is that they have split the platforms according to the account type that you hold. We have gone over these above and if you are looking to use broker forex octafx particular platform then you will have to open that account.

This is perhaps the most well-known trading broker forex octafx on the market and is used by countless brokers around the world. The MT4 platform broker forex octafx developed by the Metaquotes company as third-party trading software. The platform was developed by traders for traders and has a plethora of tools and charting.

For example, you have advanced order forms where you can set parameters around your positions. You also have numerous technical analysis indicators and studies that you can overlay your charts with.

Moreover, you can code your own trading algorithms and bots on the MT4 platform. This is through the use of the their MQL4 programming language which was developed specifically for this platform. The MT4 platform is available in three different formats. There is the web based platform, a PC and Mac based version as well as a mobile version that is available in iOS and Android. For the most efficient trading experience we will advise you to use their computer based trading software.

These are likely to give you the most tools and functionality, broker forex octafx. You are also likely to have less latency as you are connected directly to their servers, broker forex octafx. For those traders who have chosen the pro account, you will be able to use the slightly more advanced MT5 platform. As you would most likely have guessed, this is the latest generation trading software that has been developed by MetaQuotes. This has a different layout to the MT4 platform so it may take a bit of time getting used to.

However, there are a range of different features that are have been packed into the MT5 platform. These include things such as market depth charts as well as an economic calendar right there on the platform. Moreover, there is much more functionality when it comes to coding your EAs.

This is because the MT5 uses an object orientated language called MQL5. You also have one-click trading on the MT5 platform which is not available on MT4.

OCTAFX: El Mejor Broker sin comisiones para invertir en forex

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Forex Broker | OctaFX

About OctaFX. Headquarters: Nicosia, Cyprus. Octa Markets Cyprus Ltd. 47 Strovolou. 5th floor. Nicosia. Cyprus. Founded OctaFX is one of the very few Forex brokers that offer local deposit options in countries like Indonesia, Pakistan, Malaysia, Thailand, India, Vietnam, and Nigeria. Traders in these countries can simply go to a local bank and make a deposit to their Forex accounts with OctaFX Comparison. Broker Comparison Maecenas porta rhoncus dui ut congue. Donec luctus non sem eu euismod. Ut rhoncus mauris non bibendum congue. Donec maximus ipsum a lectus sollicitudin