Global Broker Regulation Inquiry App
WikiFX
Counterfeit Dealer
OCTAFX
ChinaEntry Time 2023-01-03
2023-01-03Input
https://octafxmarkets.top/#/
https://octafxmarkets.top/#/
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OCTAFX · Company Summary
| OCTAFXReview Summary | |
| Founded | 2-5 years |
| Registered Country/Region | China |
| Regulation | Unregulated |
| Market Instruments | Currency pairs, Commodities, Indices, Stocks, and Shares |
| Demo Account | ✔ |
| Leverage | Up to 1:1000 |
| Spread | From 0.6 pips |
| Trading Platform | MT4/MT5(Web, Android, Windows, macOS)/Octa Trader(Web, Android, iOS) |
| Min Deposit | $25 |
| Customer Support | Social Media: Facebook, Twitter, Instagram, YouTube |
OCTAFX Information
OCTAFX is a broker. The tradable instruments, with three account types with a maximum leverage of 1:1000, such as Octa Trader, MetaTrader 5, and MetaTrader, include currency pairs, commodities, indices, stocks, and shares. The minimum spread is from 0.6 pipsand the minimum deposit is $25. OCTAFX is still risky due to its unregulated status and high leverage.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:1000 | Unregulated |
| Spread from 0.6 pips | No phone calls or online chat |
| Demo account available | |
| MT4/MT5 available | |
| 24/7 customer support |
Is OCTAFX Legit?
OCTAFX is not regulated, which makes it less safe than regulated brokers.
What Can I Trade on OCTAFX?
Traders can choose different investment directions because the broker provides currency pairs, commodities, indices, stocks, and shares.
| Tradable Instruments | Supported |
| Currency pairs | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Shares | ✔ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
Traders open an account with the same minimum deposit for Octa Trader, MetaTrader 5, or MetaTrader. Traders who want more instruments can choose a MetaTrader 5 account.
| Account Type | OctaTrader | MetaTrader 5 | MetaTrader |
| Spread from | 0.6 pips | 0.6 pips | 0.6 pips |
| Trading commission | $0 | $0 | $0 |
| No deposit or withdrawal fee | Yes | Yes | Yes |
| Mini. deposit | $25 | $25 | $25 |
| Instruments | 80 | 277 | 80 |
OCTAFX Fees
NO commission and swaps and the spread starts from 0.6 pips.
Leverage
The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.
Trading Platform
OCTAFX provides Octa Trader, a build-in platform, for Web, Android, and iOS, along with an authoritative MT4/MT5 trading platform for Web, Android, Windows, and macOS versions.
| Trading Platform | Supported | Available Devices |
| MT4 | ✔ | Web, Android, Windows, macOS |
| MT5 | ✔ | Web, Android, Windows, macOS |
| Octa Trader | ✔ | Web, Android, iOS |
Deposit and Withdrawal
The minimum deposit is $25. OCTAFX offers multiple deposit and withdrawal methods, including Visa, Mastercard, local banks, skrill, Neteller, Bitcoin, Ethereum, and many more. Withdrawals usually take no longer than 3 hours.
Customer Support Options
OCTAFX provides 24/7 customer support, and traders can learn via social media, such as Facebook, Twitter, Instagram, YouTube, and more.
| Contact Options | Details |
| Social Media | Facebook, Twitter, Instagram, YouTube |
| Supported Language | English |
| Website Language | English |
| Physical Address | Not mentioned |
