OANDA	Basic Information
Registered Country/Region	Australia
Founded in	1996
Regulation	CFTC, FCA, ASIC, IIROC, MAS, NFA, FSA
Min. Deposit	No minimum deposit
Max. Leverage	1:50 (US), 1:30 (EU), 1:200 (other regions)
Min. Spreads	From 0.6 pips (EUR/USD pair)
Trading Instruments	Forex, CFDs, indices, commodities, bonds
Trading Platforms	OANDA Trade, MetaTrader 4, API Trading
Payment Methods	Bank transfer, credit/debit cards, PayPal
Customer Support	7/24 phone, email, live chat

Overview of OANDA

OANDA is a well-known online forex broker that has been operating for over two decades. With a reputation for transparency and reliability, OANDA offers a wide range of trading products and services, including forex, CFDs, commodities, and indices.

Founded in 1996, OANDA is headquartered in New York City and is regulated in multiple jurisdictions, including the US, UK, Canada, Australia, and Japan. This ensures that OANDA operates within strict regulatory frameworks and offers a high level of security and protection to its clients.

OANDA offers a range of trading platforms, including its proprietary platform, as well as the popular MT4 platform. The broker also provides a range of educational resources and tools to help traders improve their trading skills and stay up-to-date with market developments. In terms of customer support, OANDA has a 24/7 customer service team that can be reached via phone, email, or live chat.

Pros & Cons

OANDA is a well-established forex and CFD broker with a range of features and services that may appeal to traders of all levels. As with any broker, there are both pros and cons to consider before deciding whether to open an account. Some of the key advantages of OANDA include its regulatory status, extensive range of instruments, competitive spreads, and variety of trading platforms. However, it is important to note that OANDA also has some potential drawbacks, such as limited deposit and withdrawal options, high non-trading fees, and a lack of negative balance protection. Understanding both the positives and negatives of trading with OANDA can help traders make informed decisions about whether this broker is the right fit for their needs.

Pros	Cons
Regulated by top-tier authorities	Limited product portfolio
Competitive spreads and low trading fees	High inactivity fees
No minimum deposit requirement	Limited research tools
Variety of trading platforms	Negative reviews and complaints on customer support
Educational resources and tools	Limited payment options
Strong financial background	No professional account offered

Is OANDA legit or a scam？

OANDA is a legitimate forex broker that has been in operation for more than 20 years and is regulated by reputable financial authorities, such as the Financial Conduct Authority (FCA) in the UK, the Commodity Futures Trading Commission (CFTC) in the US, and the Australian Securities and Investments Commission (ASIC). OANDA has also won numerous awards for its trading services and technology, including being named the “Best Forex Broker” by the Financial Times and Investors Chronicle for three consecutive years. However, as with any financial service, it is important for traders to conduct their own research and due diligence before deciding to trade with OANDA or any other broker.

Market Instruments

OANDA offers a wide range of trading instruments to its clients, allowing them to diversify their investment portfolio and take advantage of various market opportunities. The market instruments offered by OANDA include:

• Forex: OANDA provides access to a wide range of currency pairs, including major, minor, and exotic pairs. The forex market is the largest and most liquid market in the world, offering traders the potential for high returns.

• Indices: OANDA offers trading in a variety of global indices, such as the US 500, UK 100, and Germany 30. These indices represent the performance of a basket of stocks and provide traders with exposure to a broader market.

• Commodities: OANDA offers trading in commodities such as precious metals, energy, and agricultural products. These markets can be highly volatile, but they offer the potential for significant returns.

• Bonds: OANDA offers trading in government bonds from a variety of countries, providing traders with exposure to the fixed-income market.

• Cryptocurrencies: OANDA offers trading in popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. The cryptocurrency market is highly volatile and can offer traders significant opportunities.

• Bonds: OANDA also offers a range of bond CFDs to trade, including US Treasury Bonds, UK Gilts, and Euro Bunds. With bond trading, traders can access a wide range of bond markets and potentially benefit from price movements in global interest rates.

Account Types

OANDA offers two live account types to cater to different trading needs and experience levels of traders. Here are the account types offered by OANDA:

• Standard Account: This account type is suitable for new traders who are just starting in the forex market. The minimum deposit requirement for this account is $0, and it offers access to the core features of OANDA's trading platform, including over 70 currency pairs, commodities, and indices.

• Premium Account: This account is designed for more experienced traders who require additional features and services. The minimum deposit requirement for this account is $20,000, and it offers tighter spreads, lower trading costs, and a dedicated relationship manager.

Apart from two live trading accounts, OANDA also offers a free demo account, which allows traders to practice trading with virtual funds in a risk-free environment. The demo account provides access to all the features and tools of the OANDA platform, allowing traders to test their strategies and trading skills without risking real money.

Pros	Cons
No minimum deposit requirement	Limited leverage offered
Multiple account types to choose	No professional accounts available
Wide range of trading instruments	Inactivity fee charged after 12 months of inactivity
Commission-free trading
Negative balance protection
Free demo account available

How to open an account？

1. Visit the official OANDA website and click on the “Open an Account” button.

1. Choose the type of account you want to open.

2. Fill in your personal information, including your name, address, date of birth, and employment status.

1. Provide some additional information, such as your trading experience, investment goals, and financial status.

2. Agree to the terms and conditions of the account and submit your application.

3. Once your application is approved, you will receive an email with instructions on how to fund your account.

4. Follow the instructions to deposit funds into your account and start trading.

Leverage

OANDA offers leverage up to 50:1 for major currency pairs and up to 20:1 for minor currency pairs, commodities, and indices. However, leverage may vary based on the regulatory requirements of the country where the trader is located. It is important to note that high leverage can increase both profits and losses, and traders should carefully consider their risk tolerance before using leverage.

Spreads & Commissions (Trading Fees)

OANDA charges variable spreads that start from as low as 0.1 pips on major currency pairs. OANDA's spreads can vary depending on market volatility and liquidity, but they tend to be lower than the industry average.

In terms of commissions, OANDA does not charge any commissions on trades. Instead, the broker earns revenue from the spreads on trades. This can be a plus for traders who prefer to avoid paying commissions.

It's worth noting that OANDA also offers a range of order types, including limit, stop-loss, and take-profit orders, which can help traders manage their risk and maximize their profits.

Here is the combined data for EUR/USD, gold, and UK100 spreads from three brokers:

Broker	EUR/USD	Gold	UK100
OANDA	0.9 pips	25 cents	1.4 pips
FP Markets	0.0 pips	35 cents	1.0 pips
Exness	0.3 pips	35 cents	0.5 pips

Non-Trading Fees

OANDA also charges certain non-trading fees, which include:

• Inactivity fee: OANDA charges an inactivity fee of 10 units of the account's base currency per month if there has been no trading activity for a period of 12 months or more. This fee can be avoided by simply placing a trade during this period.

• Financing/rollover fees: If a position is held overnight, OANDA charges a financing/rollover fee. This fee is based on the interest rate differential between the two currencies involved in the trade and is calculated using the following formula: (trade size x interest rate differential x 1/365).

• Deposit/withdrawal fees: OANDA does not charge deposit fees, but some withdrawal methods may incur a fee. For example, bank wire withdrawals within the US incur a $20 fee, while international wire withdrawals incur a $35 fee.

• Conversion fees: If you are depositing or withdrawing funds in a currency other than your account's base currency, OANDA charges a conversion fee. This fee varies depending on the currency and the amount being converted.

Trading Platform

OANDA offers multiple choices of trading platforms, namely MetaTrader 4 (MT4), OANDA Web Trading Platform, and OANDA Trade.

MetaTrader 4 (MT4): This is a widely used trading platform in the forex industry, popular for its advanced charting tools and automated trading capabilities. OANDA offers MT4 to its clients as a downloadable desktop application and mobile app.

OANDA offers a proprietary trading platform called OANDA Trade, which is available in both web-based and mobile versions. The platform is highly customizable and offers a wide range of charting tools, technical indicators, and order types.

OANDA Web Trading Platform: This is a web-based platform accessible from any device with internet connectivity. It offers a user-friendly interface and customizable features for traders to analyze the market and execute trades.

Here is a comparison table of the trading platforms offered by OANDA, Avatrade, and IC Markets:

Broker	Trading Platform	Desktop	Web	Mobile
OANDA	OANDA Platform	✔	✔	✔
	MetaTrader 4	✔	✔	✔
	MetaTrader 5	✔	✔	✔
Avatrade	AvatradeGO	✖	✔	✔
	MT4	✔	✔	✔
	MT5	✔	✔	✔
IC Markets	cTrader	✔	✔	✔
	MetaTrader 4	✔	✔	✔
	MetaTrader 5	✔	✔	✔
	WebTrader	✖	✔	✔

Trading Tools

OANDA provides several trading tools to its clients, including:

Advanced Charting: OANDA's advanced charting tools offer technical analysis and indicators to help traders make informed decisions.

Economic Calendar: OANDA's economic calendar provides real-time updates on important economic events and news releases that can affect the markets.

Partners & VPS: OANDA partners with TradingView, a leading charting platform, to provide its clients with advanced charting and analysis tools. OANDA also partners with MotiveWave, a professional trading platform, to offer advanced technical analysis tools and trading strategies. In addition, OANDA offers a virtual private server (VPS) service to traders who require uninterrupted trading connectivity.

Deposit & Withdrawal

Deposit

OANDA offers several deposit methods, including:

• PayNow/QR Pay: This payment method is available for Singapore residents only. It allows for instant deposits into your trading account. Deposits from the following banks in Singapore: DBS/POSB, Bank of China, Citi, HSBC, Maybank, OCBC, Standard Chartered and UOB, are accepted.

• DBS Bill Pay (SGD only): Another payment method available only for Singapore residents, DBS Bill Pay allows you to make SGD-denominated deposits into your trading account.

• PayPal: PayPal is a popular online payment system that is accepted by OANDA. It allows you to make instant deposits and withdrawals from your trading account.

• FAST: FAST (Fast and Secure Transfers) is a real-time interbank payment and settlement system in Singapore. It allows for instant SGD-denominated deposits into your trading account.

• Bank wire transfer: You can also fund your trading account via bank wire transfer. This method typically takes 1-2 business days to process.

• Cheques: Cheques are accepted for deposits only, and they must be in SGD currency.

Withdrawal

While withdrawals that can be done are limited to three channels: PayPal, Bank Wire Transfer, and Cheque.

• Paypal: This is an online payment system that allows you to send and receive money electronically. To use this method for withdrawal, you will need to have a verified Paypal account that is linked to your OANDA trading account. Withdrawals are typically processed within 1-2 business days.

• Bank Transfer: This method involves transferring funds from your OANDA trading account directly to your bank account. The time it takes to receive your funds will depend on your bank's processing time. OANDA does not charge any fees for bank transfers, but your bank may have its own fees.

• Cheque: You can request to receive your funds via cheque, which will be sent to your registered address. It typically takes around 7-10 business days to receive your cheque. However, there may be additional fees for this method, depending on your location.

Pros	Cons
Multiple deposit methods offered	Limited withdrawal methods
No fees charged on deposits	Withdrawals may take longer to process
Fast processing time for most deposit methods	Minimum withdrawal amount may vary by method
Deposit amounts in multiple currencies	No option to withdraw to credit/debit cards

Customer Support

OANDA offers customer support services through various channels, including email, live chat, phone, and social media. The support team is available 24/7 to assist traders with any issues they may encounter during their trading journey.

One notable feature of OANDA's customer support is its multilingual support, which is available in several languages, including English, Chinese, French, German, Italian, Japanese, Korean, Portuguese, Russian, Spanish, and Turkish.

In addition to its customer support services, OANDA provides a comprehensive FAQ section on its website, which covers various topics, including account management, trading platforms, technical analysis, and more. The FAQ section is a valuable resource for traders who may have common questions and want quick answers without contacting customer support.

Educational Resources

OANDA offers a wealth of educational resources to its clients, enabling them to develop their trading skills and stay up-to-date with the latest market trends. Whether you are a beginner or an experienced trader, OANDA's educational resources cater to your needs.

One of OANDA's important educational resources is the OANDA Academy, which offers a range of educational materials, including videos, tutorials, webinars, and articles, covering a wide range of trading topics, from the basics of forex trading to advanced trading strategies.

Additionally, OANDA provides clients with a variety of market analysis tools and resources, including market news, economic indicators, and trading signals, enabling traders to stay informed about the latest market trends and make informed trading decisions.

Conclusion

OANDA is a well-established online broker that offers a variety of trading instruments, account types, and platforms to its clients. The broker is regulated by multiple reputable authorities and has been operating for more than two decades, which gives it credibility and reliability. Additionally, OANDA provides several trading tools, educational resources.

However, it is important to note that OANDA has received a significant number of complaints regarding its customer support, trading platforms, and pricing policies. While the broker has taken steps to address these issues, they still raise concerns about the overall quality of its services.

Overall, OANDA is a legitimate and reputable broker that offers a range of benefits to its clients. However, potential traders should be aware of the complaints and consider them before making a decision to open an account with OANDA. As with any investment, it is important to conduct thorough research and due diligence to ensure that the broker aligns with your trading needs and preferences.

Frequently Asked Questions (FAQs)

• Q: Is OANDA regulated？

A: Yes, OANDA is regulated by multiple financial regulatory authorities around the world, including the Financial Conduct Authority (FCA) in the UK, the Commodity Futures Trading Commission (CFTC) in the US, the Australian Securities and Investments Commission (ASIC), and the Monetary Authority of Singapore (MAS).

• Q: What is the minimum deposit required to open an account with OANDA？

A: The minimum deposit required to open an account with OANDA varies depending on the account type and the regulatory jurisdiction. In general, it ranges from $0 to $20,000.

• Q: What trading instruments are available on OANDA's platform？

A: OANDA offers a wide range of trading instruments, including forex, CFDs, commodities, bonds, and stock indices.

• Q: Does OANDA charge commissions on trades？

A: OANDA does not charge commissions on trades. Instead, they make money from the spread, which is the difference between the bid and ask price.

Registered in	Cyprus
Regulated by	CYSEC
Year(s) of establishment	2-5 years
Trading instruments	28 Currency pairs + 2 metals + 2 energies + 10 indices
Minimum Initial Deposit	100 euro
Maximum Leverage	1:30
Minimum spread	0.3 pips onwards
Trading platform	MetaTrader 5
Deposit and withdrawal method	VISA, skrill, Swissquote Bank SA, Rietumu Bank, BlueOrange Bank.
Customer Service	Email, address, live chat
Fraud Complaints Exposure	Yes
Negative balance protection	Yes

It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

Pros and Cons of OctaFX

Pros:

• Wide range of trading instruments available, including 28 currency pairs, 2 metals, 2 energies, and 10 indices.

• Competitive spreads, starting from as low as 0.3 pips, with zero commission charges.

• Convenient and feasible payment methods, with no extra fees charged by the company.

• MetaTrader 5 platform available for trading, with a user-friendly interface and a variety of features.

• Back office support available from 9:00 to 18:00 EET Monday to Friday, and live chat service also provided for customers.

• Regulated by the CYSEC, ensuring a high level of safety and security for clients' funds.

• Straightforward and detailed website, making it easy for clients to navigate and find the information they need.

Cons:

• Limited educational resources, with only a few calculators available.

• No other account types are offered besides the MetaTrader 5 account.

• Maximum leverage is relatively low, only up to 1:30.

• Limited customer support options, with only email and live chat available.

• No physical office or phone support available, which may be inconvenient for some clients.

• Limited bonuses or promotions offered compared to other brokers.

• No mobile app available for trading, which may be a disadvantage for clients who prefer to trade on-the-go.

What type of broker is OctaFX？

Advantages	Disadvantages
OctaFX offers tight spreads and fast execution due to its Market Making model.	As a counterparty to its clients' trades, OctaFX has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients.

OctaFX is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, OctaFX acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that OctaFX has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with OctaFX or any other MM broker.

General information and regulation of OctaFX

OctaFX is a Cyprus-based forex broker regulated by the CYSEC. The company offers trading in 28 currency pairs, 2 metals, 2 energies, and 10 indices with a maximum leverage of up to 1:30. OctaFX has only one MetaTrader 5 account type with zero commission and a minimum deposit requirement of 100 euros. Deposits and withdrawals are feasible through a variety of payment methods, with no extra fees charged by OctaFX. Customer support is available through email and live chat, and the broker's correspondence address is in Limassol, Cyprus.

In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.

Market instruments

Advantages	Disadvantages
Wide range of currency pairs and other instruments available for trading	Limited selection of commodities and cryptocurrencies
Option to trade indices	No individual stock trading available
Competitive spreads	Limited selection of exotic currency pairs
Access to trading gold and silver	No access to other precious metals such as platinum or palladium

OctaFX offers a diverse range of instruments for traders to choose from, including 28 currency pairs, 2 metals, 2 energies, and 10 indices. Traders can access major currency pairs such as EUR/USD and USD/JPY, as well as less commonly traded pairs like USD/TRY and USD/HKD. In addition, OctaFX offers trading in gold and silver, as well as energies such as Brent crude oil and natural gas. Traders can also access indices such as the FTSE 100 and the Nikkei 225. However, OctaFX's instrument selection does have some limitations, such as a limited selection of cryptocurrencies and no individual stock trading available. Overall, the range of instruments offered by OctaFX is competitive, with a strong focus on forex trading.

Spreads and commissions for trading with OctaFX

Advantages	Disadvantages
No commission fees	Limited account types
Low spreads for major currency pairs	Higher spreads for minor and exotic pairs
Detailed information on spreads, SWAPs, and stop levels	No variable spreads
No hidden fees or charges	Limited transparency on rollover costs

OctaFX offers a no-commission fee trading model with a single account type, which can be an advantage for traders who prefer simplicity and transparency. The broker offers competitive spreads for major currency pairs, with spreads for EURUSD ranging from 0.4 to 0.5 pips. In addition, OctaFX provides detailed information on spreads, SWAPs, and stop levels for each trading instrument, which can help traders make informed decisions. However, there are some disadvantages to consider, such as higher spreads for minor and exotic currency pairs, limited transparency on rollover costs, and the lack of variable spreads, which may not suit some traders' needs. Overall, the costs and fees of OctaFX are relatively low, and the broker provides transparency and clarity in its pricing structure.

Trading accounts available in OctaFX

Advantages	Disadvantages
Only one account type makes it simple and easy to choose and use	Limited options for traders who may want more customization
Zero commission allows for more cost-effective trading	Potentially limited profit margins for the broker, which could affect service quality
Low minimum deposit of 100 euro makes trading accessible to more individuals	Some traders may prefer higher deposit requirements for increased credibility and access to more features
Competitive spreads from 0.3 pips can result in better trading conditions	Spread may widen during news releases and other market events, resulting in increased trading costs

Regarding the account types dimension, OctaFX offers a single account type using the popular MetaTrader 5 trading platform. This simplicity may appeal to traders looking for an uncomplicated trading experience. Additionally, the absence of commissions and competitive spreads starting from 0.3 pips may result in more cost-effective trading for clients. However, the single account type may not be ideal for traders looking for more customization, and some may prefer higher minimum deposit requirements for increased credibility and access to additional features. It's worth noting that spreads may widen during news releases and other market events, which could result in increased trading costs.

Trading platform(s) that OctaFX offers

Advantages	Disadvantages
Advanced Trading Tools	May be overwhelming for beginner traders
Flexible Trading Options	No mobile or web-based platforms available
Customizable Interface	Limited access to third-party plugins and add-ons
Supports Automated Trading	Limited educational resources for platform-specific features
Access to Market Depth Information	Limited charting tools and technical indicators

OctaFX offers the popular MetaTrader 5 (MT5) platform as their sole trading platform. MetaTrader 5 is well-known in the forex industry for its advanced trading tools, customizable interface, and support for automated trading. With MetaTrader 5, traders can access flexible trading options, including access to market depth information, as well as a wide range of trading instruments. However, the platform may be overwhelming for beginner traders and it currently lacks mobile or web-based platforms. Additionally, while MetaTrader 5 does offer some charting tools and technical indicators, it may be limited compared to other trading platforms. Finally, there is also a limited number of third-party plugins and add-ons available for the platform, and there are limited educational resources for platform-specific features.

Maximum leverage of OctaFX

Advantages	Disadvantages
Allows for potentially larger profits with smaller account balances	Can increase the risk of large losses for inexperienced traders
Provides flexibility in trading strategies	May lead to overleveraging and margin calls
Enables traders to take larger positions in the market	Can amplify market volatility and increase the likelihood of slippage
Can be useful for hedging or risk management purposes

OctaFX offers a maximum leverage of 1:30, which can provide traders with the opportunity to potentially increase profits with smaller account balances and take larger positions in the market. However, it is important to note that high leverage can also significantly increase the risk of large losses, especially for inexperienced traders who may be more susceptible to overleveraging and margin calls. It is crucial for traders to use leverage wisely and implement proper risk management strategies to mitigate these risks. Additionally, not all trading instruments or account types may offer the maximum leverage, so traders should be aware of the limitations and requirements for each instrument and account type.

Deposit and Withdrawal: methods and fees

Advantages	Disadvantages
Various payment methods available	Limited payment options
Detailed information on deposit and withdrawal	No local payment options
No extra fees charged	Long processing times for some payment methods
Quick and efficient processing times	High minimum deposit amount of €50
Secure payment options	No cryptocurrency payment options

OctaFX provides a wide range of payment methods, making it convenient for traders to deposit and withdraw funds. They also provide detailed information on the deposit and withdrawal process, which makes it easy for traders to understand the process. Another advantage is that there are no extra fees charged by OctaFX for any payment method. Additionally, the processing times are quick and efficient. However, the payment options are limited, with no local payment options available. Some payment methods may also have long processing times. The minimum deposit amount of €50 is also relatively high compared to some other brokers. Finally, OctaFX doesn't accept cryptocurrency payments, which might be a disadvantage for some traders.

Educational resources in OctaFX

Advantages	Disadvantages
Basic calculators	Limited educational resources
Easy to use	No webinars or tutorials available
Helpful for beginners	No market analysis or trading ideas provided

OctaFX has a limited selection of educational resources available for its customers, with only basic calculators provided to help with trading. While these tools may be helpful for beginners, the lack of other educational resources such as webinars, tutorials, market analysis, and trading ideas may make it challenging for more experienced traders to improve their skills and stay up-to-date with market trends. The absence of educational articles or eBooks may also be a disadvantage for traders looking to expand their knowledge and gain a deeper understanding of the market. Overall, OctaFX's educational resources are limited and may not be suitable for traders seeking a more comprehensive learning experience.

However, if you're not limited to their website, you can see more educational resources on their official YouTube channel. Here is a video of a market analysis.

Customer service of OctaFX

Advantages	Disadvantages
Multiple ways to contact customer support including email and live chat	No 24/7 customer support
Back office service available during regular business hours	No phone support
Physical correspondence address provided for customer inquiries	Limited availability on weekends

OctaFX provides a range of customer care options for its clients, including email support and live chat. They also offer a back office service during regular business hours for additional assistance. A physical correspondence address is also provided for clients to send inquiries. However, OctaFX does not offer 24/7 customer support and phone support is not available. Additionally, their customer support availability is limited on weekends.

Conclusion

In conclusion, OctaFX is a reputable forex broker that provides traders with access to a wide range of trading instruments, including currency pairs, metals, energies, and indices. The company offers a user-friendly MetaTrader 5 platform, low spreads, and no commissions, which makes it an attractive choice for traders. OctaFX also provides a detailed deposit and withdrawal process with a range of feasible payment methods. However, the company's educational resources are limited, and the maximum leverage offered is relatively low compared to some other brokers. Overall, OctaFX is a reliable option for traders who value a simple and straightforward trading experience, with efficient customer support available via email and live chat.

Frequently asked questions about OctaFX

• What is OctaFX？

• OctaFX is a forex broker that offers online trading services to customers around the world. It is a Cyprus registered company regulated by the CYSEC.

• What trading platforms does OctaFX offer？

• OctaFX offers the popular MetaTrader 5 trading platform, which is available for desktop and mobile devices.

• What instruments can I trade with OctaFX？

• OctaFX offers a range of trading instruments, including 28 currency pairs, 2 metals, 2 energies, and 10 indices.

• Does OctaFX charge any commissions？

• No, OctaFX does not charge any commissions on trades.

• What is the minimum deposit required to open an account with OctaFX？

• The minimum deposit required to open an account with OctaFX is 100 euro.

• What payment methods are available for deposits and withdrawals？

• OctaFX accepts a variety of payment methods, including VISA, Skrill, Swissquote Bank SA, Rietumu Bank, and BlueOrange Bank.

• What customer support options are available at OctaFX？

• OctaFX offers customer support via email at clientsupport@octafx.eu, live chat, and a back office service available from 9:00 to 18:00 EET Monday to Friday.