This is way below the market average that stands at around $100.

OctaFX offers traders the out-of-the-box MT4/MT5 trading platforms and upgrades the trading experience with the Autochartist Pro plugin. MT4 remains the market leader for algorithmic trading and is the most versatile trading platform with 25,000 custom indicators, plugins, and EAs. While OctaFX operates without a regulator, it remains a duly registered international business company in Saint Vincent and the Grenadines with registration number IBC 2011. It does segregate client deposits from corporate funds and offers negative balance protection. OctaFX also has been catering to clients from over 100 countries for over a decade. You can make deposits and withdrawals without paying any commission to the online broker.

The number of trading instruments available with the MT4 Micro account includes 28 currency pairs as well as gold and silver. This live chat feature is available to Forex traders on the platform on the mobile devices app, WhatsApp, Social Media channels, Email, and most definitely on their website 24/7. Before diving into Forex trading with a live trading account, it’s best to open a risk-free Forex demo account.

Actually, the Octa Fx Broker sets its minimum deposit at just $5 for all UK clients, a symbolically low amount. This is way below the market average that stands at around $100. International Forex broker, OctaFX, produces a report that discusses the rising trends of Online Forex Trading in Nigeria. This report examines the trends in the Nigerian forex exchange market, key players, threats to mainstream participation and measures to maximise opportunities in mainstream forex trading. Once again, we wish to state our regret and apologize for waiting. One of our goals at OctaFX is to provide a fast and smooth withdrawal process, and what happened doesn’t reflect the services we aim to deliver completely.

Deposit & Withdrawal Methods

The reason for MT4 being ideal for new traders is because it allows them to invest small funds, thus the term ‘Micro Account’. Cryptocurrencies https://www.plus500.com/en-US/Trading/Forex are available on the MetaTrader 4 and MetaTrader 5 platforms. OctaFX supports trading in Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash.

As always, we encourage you to research whether OctaFX is ideal for your individual preferences and needs. Having said this, this broker should probably be top of your list of considerations.

Should You Accept The Bonus?

The broker maintains the highest industry standards of safety and security and attempts to improve its standards and conditions with every passing year. The FEMA investigation revealed that the aforesaid online trading app and website are operating in India in association with India base entity OctaFx India Pvt Ltd, ED said in a statement. This forex trading platform is widely promoted on social networking sites and is also following referral-based incentive models for acquiring users to their platforms. My experience says if you keep loosing they won’t have a problem but by mistake if you made any profit they will start invesgation of your account.

• Octa Fx Brokers has collected some significant awards including the Best Broker Central Asia 2014 and the Best ECN Broker in Asia 2014.
• OctaFX presents traders with a competitively priced, commission-free pricing environment.
• Beginners simply find the Strategy Providers they want to follow and click “Copy.” Their positions will be copied automatically.
• OctaFX has a greater range of useful trading tools than other similar brokers.

Platform tutorials are equally available, guiding beginners through the initial steps. I highly recommend the MT5 trading account, as the cost savings from the absence of swap rates makes a notable difference in profitability. OctaFX classifies the MT4 trading account for the Habitual Trader and MT5 for the Smart Trader. OctaFX developed a proprietary copy trading service, expanding into a sector that is gaining popularity, especially among younger traders. Its mobile trading and copy trading service apps remain highly popular, with over 10 million downloads. We´re saddened to read your review regarding us, we’re indeed not what you called us. OctaFX has been providing its services for over 10 years, and our traders can vouch for our trustworthiness and reliability.

Segregated Accounts

Plus, you can maximize your profits by copying the trades of expert traders through the CopyTrading App. On the one hand, it has very low trading costs, charges no fees for deposits and withdrawals, and has a great copy trading service. The said accumulated funds, after defrauding these investors/users, were simultaneously transferred to multiple e-wallet accounts such as Neteller, Skrill or to bank accounts of dummy entities. Further, it is also revealed that a major portion of the defrauded amount on this trading app was used to purchase cryptocurrencies/assets through Zanmai Labs Pvt Ltd. The cTrader platform will give you STP access and offers some of the tightest spreads in the market. CTrader is quite sophisticated and allows access to a host of different features. For example, traders will get level 2 quotes in addition to access to the FIX API. The orders are also processed a lot quickly with no order queues.

Octafx Faqs

Copiers can also manually close open positions and retain complete control over their portfolios. INR 9.8 Cr was frozen as part of the overarching probe into multiple illegal loan apps and the HPZ token scam.

You can put your investment objectives to work with the OctaFX mobile trading app by viewing the Master Rating to decide whom to invest with. This Metatrader 4 functionality allows a seamless Forex process for digital trade ventures with an array of exchange tools to choose from. To get the best features, a user needs to have an OctaFXplatforms, and select the top web trader strategy.

This will mean that although your gains will be higher, unfortunately your losses will be too, due to the leverage. It should be noted that traders in the U.S. are restricted from opening an account with OctaFX due to strict U.S. regulations enforced by the CFTC and NFA. If you require professional help to recover your stolen cryptocurrency, forgot your password, or sent to the wrong wallet address, contact easybinarysolutions AT gmail com for assistance. The gender www octa and the number of years of trading forex significantly affect the likelihood of people’s change in online and general behaviour and attitude to Forex Trading. We regret to read about your dissatisfaction with our services and that your access was limited. Other websites of this company include OctaFX.eu, OctaFX.net, Octapk.net, OctaFX.pro. Great amount of currencies, exotic either, usually brokers will allow you to have your account either in EUR, USD or GBP.

How Your Trading Account Works

OctaFX has necessarily provided over four million traders steady access to global financial markets. OctaFX’s top priority is making the user experience great by providing negative balance protection to all their clients. Apart from trading costs, one area where OctaFX really stands out is the absence of fees for its speedy deposits and withdrawals. Most reviews recognize OctaFX focuses on delivering top-quality service, strong customer support, and cost-effective trading conditions. Guaranteed stop loss no negative balance protection would be provided. Final thoughts of OctaFX will give full Metatrader suite, with fairly limited offering. The decade of achievements, awards, and steady access to global financial markets for over four million traders.

Who Is Octafx Recommended For?

We use dedicated people and clever technology to safeguard our platform. Aside from exchanging costs, one region where OctaFX truly stands apart is the shortfall of charges for its fast stores and withdrawals. OctaFX is an umbrella brand utilized by two free intermediary elements. The broker has a team of technical specialists and security engineers who monitor its technical environment round the clock to prevent loss or damage of data https://forexreviewdaily.com/octafx/ and other technical issues. OctaFX recommends that you submit copies of your identification documents to verify your account. Stocks and Indices– You can make profits on the price movements of 10 indices without actually have to purchase the stocks. Platinum players get to enjoy all the benefits of the previous levels plus advantages such as expert advice, zero trading charges, invites to VIP events, and personal account managers.