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OctaFX Review

This is a detailed octafx review meant to inform you of their pros and cons providing the fair picture. The article will approach the key subjects including tools, fees, payment options, and much more. We have tried to carry out an insightful analysis of this broker to prove its brilliant reputation, but still remain fact-based and neutral.

OctaFX was founded in 2011 and since that it has built trust and credibility providing the well-arranged CFD and Forex trading for users from over 100 countries, but mostly it is focused on Asia or be more exact: Thailand, Vietnam, India, Pakistan, Malaysia, Indonesia, and Bangladesh. This really good Forex broker is known by it quite low spreads compared to other brokers involved in the business and its award-winning trading conditions. It is based in St Vincent & The Grenadines (Anglo-Caribbean country) with the headquarters of its holding company, Octa Markts Ltd, located in Kingstown. The number of its business license is 19776 IBC 2011. Also there is octafx affiliate located in Cyprus and known as Octa Markets Cyprus Ltd.

Octa FX

Top Takeaways for 2019


  • This year the broker’s status program was created to boost the traders’ experience.
  • They launched the OctaFX Trading Platform available via the company’s mobile application, providing fast and secure trading in MT 4 accounts.
  • They won “Best ECN/STP Broker in 2019” title established by Fx Daily Info.
  • They won “Best Forex Broker Asia in 2019” title established by Fx Daily Info.


Is OctaFX Safe?

Octafx trading is safe. It is protected from any unforeseen events and even the trader’s own thrill of the race if it happens. For instance, they offer the negative balance protection when you use leverage. You can apply the debt prevention option or set the stop loss. The broker resets back to zero automatically and uses leverage responsibility taking care of your trading volumes preventing you from losing more than you have on your deposit account. Here they have a powerful risk management.

Still there are some concerns because the broker is not publicly traded.

Is OctaFX regulated?

The company is regulated by the British Financial Conduct Authority (FCA) known for its very strict requirements in the Forex industry. Thus, OctaFX complies with the international financial regulatory standards.

Its subsidiary based in Cyprus regulated by the Cyprus Securities and Exchange Commission (CySec) that is a European license allowing the broker to deliver its services in EC countries. This is a quite powerful organization demanding to pass a range of tests to get that license and even then it continues monitoring the activities of the licensed forex brokers, which are expected to meet a range of the requirements. But you should know that OctaFX is not authorized in the European Union. Also it is not publicly listed and does not operate a bank.

Is OctaFX a Scam?

No, it is not a scam. The broker is highly reliable being recognized all over the world.

TrustPilot rating

Trading Conditions

The broker provides 24 hour trading without slippage or re-quotes.

Their trading conditions are as follows:


  • Spread. OctaFX has rather low floating spreads that are different for various assets and in accordance with the type of account. In particular, they are lower for ECN accounts. You can compare just some of them


  Micro Pro ECN
EUR/USD 0.9 0.8 0.8
USD/JPY 1.3 1.1 0.8
EUR/CHF 2.2 1.4 1.2
AUDCAD 2.7 1.5 1.7
Gold 2.7 3.3 3.0
Bitcoin 1.7 1.7 NA


  • Minimum amount. There is a standard account from $ 50. There is a mini account from $ 5. Thus, you can start trading with $ 5 only.
  • Leverage. This CFD broker suggests you to do a deal using leverage multiplying your income by this factor (but be careful because the losses grow also). The performance varies in accordance with an account and asset you are trading with. Its maximum is 1:500 for currency pairs while you can count on 1:200 for metals and so on. The limits for the cryptocurrency are very low making just 1:2. Here there is a negative balance protection.
  • Commissions & Fees. They are different depending on the account you choose. The broker can rebate octafx’s commission or charge it. The MT4 Micro account is the most expensive one. Here you should pay a swap fee. Trading on the MT5 Pro account is performed with low spreads. Also there are no swaps but there are “Three Days Fee” charged every third night. Choosing an ECN account, you can forget about swaps and overnight fees, but you will have to pay the fixed “Lot commission” accumulated in accordance with the lots which you trade.


Types of Options

OctaFX suggests traders to choose between two types of trading options. You can enjoy immediate delivery of spot market trading on a public financial market. In addition, you are suggested to benefit from the contracts for difference (the so-called, CFD trading).

There are almost all asset classes: Forex, Equities, Commodities, and Crypto. But each category is not rich in choice. There are 28 currency pairs, while some important market currencies are not presented in this list. There are 42 CFDs. And you can trade with Gold and Silver on the micro account. As to the crypto, just three pairs are available Bitcoin (BTC), Litecoin (LTC) and Ethereum (ETH).

Trading Platforms

The broker’s platforms are:


  • MT4. It has a user-friendly interface with simple navigation and interactive charts which can be easily customized. There is a built-in market for Expert Advisors and Custom Indicators.
  • MT5. This trading platform offers the Stop Limit orders and accurate economic calendar. You can apply the trading tools with a single click. Another vital feature is the integrated development environment for EAs.
  • cTrader. It has the cloud service where you can keep your content, apk files, accounts, and more safely. We’d mention its easy trading including the advanced chart trading. There are also cAlgo and Spotware Systems.


Demo Account

The broker provides access to a demo account where you cannot lose or earn money as you would do in a real account – this is a nice possibility to master a new strategy in a risk-free environment. OctaFX with its demo account arranges the trading competitions like Champion and Weekly cTrader demo contests bringing you money prizes if you win.

Account types

Being Forex and CFD broker, OctaFX has three account types:


  • ECN account on cTrader platform allowing for STP with a wide range of commissions;
  • Micro account suiting the entry level being available on MT4 and requiring the smallest minimum deposit;
  • Pro account for the advanced traders choosing MT5 delivering lower spreads but higher minimum deposit.


Platform/account MT4, Micro MT5, Pro cTrader, ECN
Commission Markup Markup Commission
CFD Trading + +
Spread Floating (the highest level). Fixed spreads. Floating (the EURO or USD average level) Floating (the lowest level)
Options 28 currency pairs, 4 indices, 3 cryptocurrencies, metals (silver, gold) 28 currency pairs, 4 indices, 3 cryptocurrencies, metals (silver, gold) 28 currency pairs, metals (silver, gold)
Leverage (maximum) 1:500 for currencies
1:200 for metals
1:2 for cryptocurrencies
1:200 for currencies
1:100 for metals and energies
1:50 for indices
1:2 for cryptocurrencies
Margin Call/Stop Level 25%/15% 45%/30% 25%/15%

When decide on one of the above accounts, think of the platform you want to use and the fees you are ready to pay. Look for the rebate octafx programs on their site.

And we should mention the Islamic account with handy tools and various assets. It is considered to be the best one compared with all existing in the industry. It complies with Shariah to the fullest extent being available on all types of the above mentioned accounts.


OctaFX Forex broker suggests to use the Autochartist technical indicators which are usually combined with fundamental analysis allowing to gain more.

How to Trade on OctaFX

First, you should register with OctaFX and open an account deciding on the platform and following the instruction. After verification you get access to your profile with the stats, bonuses, and payment details. Then, you are expected to deposit the money part of it should be regarded as the amount you will not risk. Now it is time to sign in to the platform which should not be installed meaning that you can trade from any device you like. Go to File->Login, enter the number of your account and password into the “Login” and “Password” boxes respectively. Choose OctaFX-Real or enjoy your trading directly from your desktop, Android, iOS device.

Additional Features


  • OctaFX copytrading is available allowing copying the successful traders automatically. This is a nice solution for the beginners and those who have no time to monitor the market. Just look through the ratings of the suggested Master Traders, select the most interesting ones and launch copy trading.
  • Also, it is possible to apply the automated trading, scalping, and hedging strategies.
  • There is a detailed and helpful research content like the daily comments on the overall situation, market information, economic and holiday calendars, Forex news, and interest rates.
  • You also have a range of useful tools like trading and profit calculators.


Mobile Integration

Octafx app
Octafx mobile app

There are mobile trading applications developed both for iOS and Android devices suiting Metatrader and cTrader platforms. You can find them on the Google Play or iTunes store.

There is Octafx trading app allowing a trader to create trading accounts, view the stats and trading history.

One of the most downloaded mobile trading applications are developed by Metaquotes. They can be used on MT5 and MT4.

cTrader has its apps for Android and iOS. Thus, you can easily trade on the go.


There is the educational content on the web-site (in the education section). You can benefit from OctaFX free resources like:


  • Videos. There are some videos tutorials which are well done and easy to understand. You can find a comprehensive guide helping to set up the MT4 account, for instance.
  • Forex Basics. Read the articles with images introducing to Forex trading. You will find out the key concepts in trading on financial markets, the details of Technical and Fundamental Analysis, and the ways to interpret charts and indicators.
  • Glossary and Manuals. Take advantages of the suggested trading glossary with terms and their definitions. Also, there are manuals with deeper information about the interface of the platforms, signals, EAs, and Autochartist.


Payment Methods

Deposit and withdrawal options are rather diverse. You can use credit and debit cards or choose bank wire transfer, which is probably the fastest method. Also Neteller and Skrill are available. Finally, if you are located in Indonesia, Malaysia, Bangladesh, Pakistan, India, Thailand, Vietnam, you can enjoy the local banks. This way has three options: with an ATM, through an online transfer, or via a standard deposit on the bank account.

Mind that minimum withdrawal is $ 5. The available currencies are EUR and USD. Thus, you can open EUR or cent account.

Enjoy withdrawing and depositing without any fees on the part of OctaFX. Moreover, all fees incurred by payment processors are covered by the broker.


There are various promotional programs and bonuses Octafx rewards its traders with. You can count on a deposit bonus for any new accounts of 50%. Mind that you cannot withdraw it until you trade the minimum amount of lots. Also, they provide new clients with a $8 Welcome Bonus on opening an account. This forex no deposit bonus can be used for trading before spending the trader’s own funds.

Customer support

The broker provides the 24/5 multilingual support with a helpful 7 second response. You can reach them through e-mail, live chat, ticket support or the following phone numbers:

United Kingdom: +44 20 3322 1059

Hong Kong: +852 5808 8865

Indonesia: +62 21 3110 6972

WhatsApp (Texts only) +34 605 122 333

You can turn for help if you need some withdrawal or website information, risk management, an introduction to trading and everyday trading issues, quality control, and improvements.

Also there is a FAQ section on their site where a trader can find the needed information.


OctaFX is regulated by the major authorities like the British Financial Conduct Authority and the Cyprus Securities and Exchange Commission (its subsidiary). Thus, it complies with the strict regulatory standards. You can benefit from regulation and feel confident because you can turn to the above organizations if there are claims or complaints of any nature.

Pros and Cons



  • The regulated broker provides perfect execution without any requotes.
  • The web site is comprehensive containing the helpful content.
  • It is possible to trade with $5 Octafx minimum deposit.
  • You should not pay any commission on deposits and withdrawals.
  • There are best forex bonuses here.




  • The asset coverage is lacking.
  • There is no cryptocurrency available on cTrader platform.
  • OctaFX is not available for some regions including the USA.



OctaFX is a reliable and reputable CFD and Forex broker providing STP (straight-through processing) account, a choice of options, platforms, payment methods, and more. They continue to develop enhancing their services. It is popular almost all over the world thanks to the advanced technologies applied, diverse trading conditions, low fees, immediate customer support – everything described in this broker review.