Skip to content
  • Home
  • About
  • Contact
  • Page
  • ​Master SEO Tactics
  • Top 9 Finance News Websites Ranking
wikifx

wikifx

  • Home
  • About
  • Contact
  • Page
  • ​Master SEO Tactics
  • Top 9 Finance News Websites Ranking
  • Toggle search form
  • Still no sign of AFX Capital as NY lawsuit continues forex news
  • Swissquote adds Decarbonisation to Themes Trading offering forex news
  • Exclusive: Spain looking to ban Cyprus and UK CFD brokers forex news
  • Eddie Jordan group given until January 5 to make a bid for Playtech forex news
  • FCA to accept London Capital & Finance complaints until March 17, 2022 forex news
  • Singapore police arrest 3 Samtrade FX execs amid unlicensed operating probe forex news
  • OTC Markets Group welcomes The Naga Group AG to OTCQX forex news
  • Italy’s Consob adds CryptoIFX and AlphaTradeplus to list of blocked websites forex news

OctaFX Review(2022) :How about the OctaFX platform?

Posted on 2022-02-25 By xiaoya No Comments on OctaFX Review(2022) :How about the OctaFX platform?

What is OctaFX?
OctaFX is a technology based brokerage company that operates since 2011 and offers industry leading platforms such as MetaTrader5 and cTrader with numerous investment opportunities and great capabilities.

At the beginning of its establishment OctaFX walked a path from an offshore brand located in SVG and further on operated in the UK, however since 2017 closed its entity and moved to Cyprus.

So, together with the European CySEC license broker operates also a global offering from its entity, therefore check on carefully under which regulation you will fall as it may propose different trading conditions.

OctaFX Pros and Cons
OctaFx account opening is easy to follow, trading conditions are good for platform selection and rang of instrument types.

From the negative side, there is no good education, also make sure to check the proposal of the particular OctaFX entity as international brand and a Cyprus one offers slightly different conditions. While obviously, OctaFX Cyprus is more trusted the international proposal features more comprehensive tools and conditions along with education and research materials also MT4 availability.

Is OctaFX safe or a scam
OctaFX provides safe trading environment. OctaFX launched since 2011 walked a path with various operation licenses including SVG registration, operating the UK branch, yet suspended this entity back in 2017 and target Cyprus as its next destination of operation.

Is OctaFX legit?
So, the main gap for these years of operation was the fact that OctaFX was a brand of the Octa Markets Incorporated company that is registered, regulated and governed by the Law of Saint-Vincent and the Grenadines. Which is offshore heaven for its tax-management as well as relative ease to establish a company. Now, since OctaFX established its legal entity in Cyprus and respectively got a license from the local CySEC, which also impose regulation according to European ESMA standards.

Therefore, now we can state that OctaFX and its Octa Markets Cyprus Ltd entity shows us a clear state of the compliance to the necessary operation standards.

Since the regulation demands strict follow of Forex business operations management, it is considered safe to open an account either with Cyprus or international OctaFX entity.

How are you protected?
The set of regulatory requirements enables protection to the clients and including – funds segregation, application of negative balance protection while the broker is constantly overseen by the authority in terms of its safety compliance. In addition, there is a security of the traders’ accounts applied by the Investor Protection and Compensation Schemes in case the broker goes bankrupt.


Account types
OctaFX broker offers two account types that also define trading conditions and the platform that is used for trading itself. Cyprus entity offers MT5 account offered for a conservative trader as it is suitable for the majority of investors also supporting all trading styles and social trading as well. While cTrader will be more suitable for progressive traders or professionals as offers comprehensive trading conditions with commission based fee structure.

Besides, there is an option to submit for a Demo practice account and use its unlimited sources to polish strategy or get to know platforms and OctaFX conditions better.

Yet, the international proposal includes also ECN and PRO account based on the platforms, besides Micro Account on MetaTrader4 platform is offered too. It is recommended for novice traders and allows micro lot trading with floating spreads starting at 0.4 pips or fixed spread at 2 pips.

Customer Service
Also, OctaFX customer support provides its clients with 24-hour live support available through live chat, email and phone support in various languages. Eventually, AvaTrade offers some of the greatest quality support with fast and reliable answers and a huge range of free of charge lines all around the world.

Conclusion
Overall, OctaFX provides quality trading strategy, flexibility in terms of conditions, platforms and instruments it proposes. Before we had some concerns due to its operation only through offshore entity now OctaFX is regulated by the European CySEC aligned with MiFID directive. Therefore means its operation aligned to the necessary protection level. We admit high-tech access to a range of the instrument and multiple platforms either for manual, algorithmic or social trading. It is definitely great advantage that OctaFX offers both industry popular MetaTrader platform and powerful cTrader which is highly regarded by the professional traders.

forex news Tags:Forex Brokers, Forex trading, fxtrading, OctaFX Review

Post navigation

Previous Post: MOEX Moscow Exchange suspends all market transactions
Next Post: Russian c-bank says all bank cards continue to work normally in Russia

Related Posts

  • Refinitiv launches Matching in Indonesia forex news
  • brokersview:Is OspreyFX a legit or scam forex broker? forex news
  • Cboe to implement automated halt process for certain options during GTH forex news
  • Morgan Stanley insists on arbitration of compensation claims brought by ex-advisor forex news
  • 5 brokers have had important changes to their regulation October forex news
  • eToro becomes official partner of RB Leipzig forex news

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • EUR/USD Holds Near 1.05 as Fed, ECB Policies Shape Market Sentiment
  • Gold Prices Hold Steady Amid Global Economic Uncertainty
  • Australian Dollar: How RBA Policies, Commodity Prices, and Global Tensions Are Shaping the AUD’s Market Performance
  • EUR/USD: Understanding the Currency Pair’s Trends
  • USD Under Pressure: Navigating Economic Data and Global Uncertainties

TAG

Axiory Review 2022 B2B B2Broker News Basic Forex Knowledge broker brokers brokers in the UK Brokersview Broker tools CFDs coin News cryptocurrency Cryptocurrency News Crypto News dogecoin FCA news finance forex forex-news Forex Broker Forex Brokers Forex Demo Account Forex market forex news forex scams forex time Forex trading fx fxtrader fxtrading Global Forex Gold Analysis HotForex InstaForex LiteForex Review 2022 markets work MT4 MT5 news OctaFX Review Samtrade FX South Africa trade Forex traders Trading Forex
  • SEC, BTIG continue settlement talks forex news
  • CLSA Premium sees losses widen in H1 2021 forex news
  • Fiserv registers 11% Y/Y rise in revenues in Q4 2021 forex news
  • Philip Johnson to step down as CFO of Hargreaves Lansdown forex news
  • Schwab introduces Schwab Starter Kit to support first-time investors forex news
  • What’s the Difference Between a Forex Demo Account and a Live Account? forex news
  • DOJ names 34 witnesses in lawsuit against ex-JPMorgan traders forex news
  • PVM launches Natural Gas & LNG desk forex news

Copyright © 2025 wikifx.

Powered by PressBook News WordPress theme