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.

FXTRADING.com Review Summary in 10 Aspects
Founded	2014
Headquarters	Sydney, Australia
Regulation	ASIC
Market Instruments	Forex, Crypto, CFDs, Share CFDs, Commodities, Spot Metals, Energies, Indices
Demo Account	Available
Leverage	500:1
EUR/USD Spread	From 0.1 pips
Trading Platforms	MT4, IRESS
Minimum deposit	$200
Customer Support	24/5 live chat, phone, email

What is FXTRADING.com？

FXTRADING.com is an online brokerage firm that offers trading services for various financial instruments such as forex, cryptocurrencies, shares, commodities, spot metals, energies, and indices. The company was established in 2014 and is headquartered in Sydney, Australia. FXTRADING.com is regulated by the Australian Securities and Investments Commission (ASIC). The broker provides its clients with a range of trading platforms including MetaTrader4 (MT4) and IRESS, and offers several trading tools and educational resources. FXTRADING.com also has a 24/5 customer support team that can be reached via phone, email, and live chat.

Pros & Cons

FXTRADING.com has a lot of advantages, including a wide range of trading instruments, reliable trading platforms, and a variety of trading tools and educational resources. The broker also offers several account types to cater to different trading needs, and its customer support team is available 24/5 to assist clients.

However, there are some disadvantages to consider, such as high minimum deposit requirements for some account types.

Pros	Cons
• Regulated by ASIC	• No 24/7 customer support
• Wide range of trading instruments	• Clients from the USA, Ontario Province inside Canada, North Korea, Iran and New Zealand are not accepted
• Multiple trading platforms and tools available	• High minimum deposits for IRESS account types
• Comprehensive education resources
• Variety of payment methods

Please note that the above table is not exhaustive and may not include all the pros and cons of FXTRADING.com.

Regulatory Status

FXTRADING.com is a regulated and licensed broker, authorized by Australia Securities & Investment Commission (ASIC), and as such, it is considered a legitimate broker to trade with. However, as with any investment, there are always risks involved, and traders should be aware of these risks before investing their money.

How are you protected？

Protection Method	Description
Regulation	ASIC
Segregated Accounts	Client money is kept separate from the broker's own operating funds, which helps to protect clients' funds in the event of the broker's insolvency
SSL Encryption	To protect clients' personal and financial information from unauthorized access or theft
Two-Factor Authentication	As an extra layer of security for clients' accounts, which helps to prevent unauthorized access to accounts even if a client's login credentials are compromised
Negative Balance Protection	Clients' accounts cannot go into negative balance, ensuring that clients will not be responsible for any losses beyond their account balance
KYC/AML Procedures	To verify clients' identities and prevent money laundering or other illegal activities, which helps to ensure the integrity of the trading platform and protect clients' funds

Note that this table is not exhaustive and there may be other protections or security measures in place at FXTRADING.com.

Our Conclusion on FXTRADING.com Reliability:

Based on the provided information on FXTRADING.com, the broker seems to prioritize its clients' safety and security by implementing various measures such as regulation by top-tier authorities, account segregation, negative balance protection, and SSL encryption. Overall, FXTRADING.com appears to be a reliable broker for traders.

However, as with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.

Market Instruments

FXTRADING.com offers a diverse range of trading instruments for their clients, covering over 10,000 instruments. These instruments include Forex, Crypto CFDs, Share CFDs, Commodities, Spot Metals, Energies, and Indices. Clients have access to a variety of popular trading pairs in the forex market, as well as a selection of cryptocurrencies and share CFDs from leading global companies.

Additionally, they offer various spot metals such as gold and silver, as well as energies like crude oil and natural gas, and indices from around the world. This variety of instruments allows clients to diversify their trading portfolio and take advantage of different market opportunities.

Accounts

Demo Account: FXTRADING.com provides a demo account that allows you to try out the financial markets without the risk of losing money.

MT4 Live Account: FXTRADING.com offers a total of 2 account types: Standard and Pro. The minimum deposit to open an account is $200 and $500 respectively. If you are still a beginner and don't want to invest too much money in Forex trading, a Standard account will be the most suitable option for you. However, we should also realize that too little capital not only reduces losses, but also reduces profitability. Therefore, you may find it “unexciting” or unprofitable. In addition, accounts with smaller initial deposits tend to have poorer trading conditions.

IRESS Live Account: On the TRESS trading platform, FXTRADING.com offers three different accounts types, namely Silver, Gold, and Platinum, with minimum deposit requirements of $10,000 AUD, $50,000 AUD, and $100,000 AUD respectively. For the Silver and Gold accounts, there is a platform fee of $60 AUD, while no platform fee on the Platinum account.

Leverage

FXTRADING.com offers a maximum leverage of up to 1:500, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.

Spreads & Commissions

The spreads and commissions depend on accounts and instruments. For clients on the Standard account, they can have variable spreads from 1 pip and there is no commission, while for clients on the Pro account, they can enjoy raw spreads from 0 pips but have to pay a commission of $3.5 per lot.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker	EUR/USD Spread	Commission
FXTRADING.com	1 pip	No
Admiral Markets	0.5 pips	No
Pepperstone	0.16 pips	AUD 3.5/lot
Tickmill	0.0 pips	USD 2/lot

Note: Spreads can vary depending on market conditions and volatility.

Trading Platforms

FXTRADING.com offers a range of trading platforms to suit the needs of its clients. One of the most popular platforms is the MetaTrader4 (MT4) platform, which is available for PC, Mac, iOS, Android and WebTrader. MT4 is a user-friendly platform that comes with advanced charting tools, technical indicators, and automated trading options.

In addition to MT4, FXTRADING.com also offers IRESS ViewPoint and IRESS Mobile, which are more advanced platforms designed for professional traders. These platforms come with additional features such as advanced order types, news and research, and real-time market data.

Overall, FXTRADING.com's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

Broker	Trading Platform
FXTRADING.com	MT4
Admiral Markets	MT4, MT5, WebTrader
Pepperstone	MT4, MT5, cTrader
Tickmill	MT4, MT5, WebTrader

Trading Tools

FXTRADING.com provides its clients with a wide range of trading tools to enhance their trading experience. These tools include FXT Navigator, which allows traders to view market data and analyze it through a customizable interface. Trading Central offers daily technical analysis and market insights, while the Economic Calendar provides traders with the latest economic news and announcements that can impact the financial markets. Market Sentiment offers a view on how other traders are positioned on various instruments, while API Trading and VPS are advanced tools designed for more experienced traders who use algorithmic trading strategies and need reliable and fast connectivity. Overall, these trading tools can help traders make more informed trading decisions and improve their overall performance in the financial markets.

Deposits & Withdrawals

In terms of deposit and withdrawal, like many good brokers, FXTRADING.com provides a detailed form with important information about currency, payment method, minimum amount, arrival date, fees, etc. Deposits include PayPal, VISA, MasterCard, Neteller, UnionPay, Local Internet Banking, POLi, International Bank Wire Transfer and Local Bank Transfer.

FXTRADING.com minimum deposit vs other brokers

	FXTRADING.com	Most other
Minimum Deposit	$200	$100

The minimum deposit requirement is $200 to open an account. Most deposits are instant and no fees are charged.

By contrast, Clients can withdraw with PayPal, VISA, MasterCard, Neteller, International Bank Wire Transfer, UnionPay and Local Bank Transfer. Please note that withdrawal processing times may vary depending on the selected method and any applicable fees or restrictions may apply. Most withdrawals can be processed in 24 hours without any fees.

FXTRADING.com Money Withdrawal

To withdraw funds from FXTRADING.com, you can follow these steps:

Step 1: Log in to your account on the FXTRADING.com website.

Step 2: Click on the “Withdrawal” button in the “My Account” section.

Step 3: Select the account you want to withdraw funds from and choose the withdrawal method.

Step 4: Enter the amount you wish to withdraw and follow the on-screen instructions to complete the process.

Fees

FXTRADING.com does not charge any deposit and withdrawal fees, but there may be additional fees charged by banks or other intermediaries involved in the transfer of funds.

There is an inactivity fee of $10 per month after 6 consecutive months of inactivity. This fee will be charged to any account with no trading activity for more than 6 months. However, it's important to note that this fee is subject to change and may vary depending on the type of account and the jurisdiction of the client.

See the fee comparison table below:

Broker	Deposit Fees	Withdrawal Fees	Inactivity Fees
FXTRADING.com	No	No	$10/month after 6 consecutive months of inactivity
Admiral Markets	No	No (except for bank transfers)	No
Pepperstone	No	No	$20/month after 12 months
Tickmill	No (except for bank transfers)	$2 for credit/debit cards, 1% for other methods	$5/month after 6 months

Note: Fees may vary depending on account type and payment method. Please refer to each broker's website for the latest information.

Customer Service

FXTRADING.com offers customer support 24/5 via email, phone, and live chat. It supports both English and Chinese. Their website also includes a FAQ section with answers to commonly asked questions. You can also follow them on some social networks including Facebook, Twitter, LinkedIn, Instagram and Twitter.

Overall, FXTRADING.com's customer service is considered reliable and responsive, with various options available for traders to seek assistance.

Pros	Cons
• Offers multilingual support 24/5	• Limited availability during weekends and public holidays
• Live chat support available on the website
• Quick response time to email inquiries
• Knowledgeable and helpful customer service representatives

Note: These pros and cons are subjective and may vary depending on the individual's experience with FXTRADING.com's customer service.

Educational Resources

FXTRADING.com offers a range of educational resources to help traders improve their knowledge and skills. The Market News section provides the latest updates on market events and trends, while the FXT Analysis section offers expert analysis and commentary. The Trading Insight section contains a variety of educational materials, including trading strategies and tutorials on technical and fundamental analysis. The FXT Navigator Guide is a comprehensive guide for traders on how to use the platform's features and tools. Additionally, FXTRADING.com offers webinars hosted by industry experts, providing traders with the opportunity to learn directly from experienced professionals.

Conclusion

In conclusion, FXTRADING.com is a well-regulated broker offering a wide range of trading instruments, powerful trading platforms, and comprehensive trading tools and resources. The broker's low spreads, flexible leverage options, and multiple account types cater to traders of all levels. The customer support team is professional and responsive, and the educational resources are valuable for beginner and experienced traders alike. While there are some fees associated with trading, overall, FXTRADING.com provides a competitive and reliable trading environment.

Frequently Asked Questions (FAQs)

Question 1:	Is FXTRADING.com regulated？
Answer 1:	Yes. It is regulated by ASIC.

Question 2:	At FXTRADING.com, are there any regional restrictions for traders？
Answer 2:	Yes. Restricted Countries: the USA, Ontario Province inside Canada, North Korea, Iran and New Zealand.

Question 3:	Does FXTRADING.com offer demo accounts？
Answer 3:	Yes.

Question 4:	Does FXTRADING.com offer the industry-standard MT4 & MT5？
Answer 4:	Yes. It supports MT4 and IRESS.

Question 5:	What is the minimum deposit for FXTRADING.com？
Answer 5:	The minimum initial deposit to open an account is $200.

Question 6:	Is FXTRADING.com a good broker for beginners？
Answer 6:	Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 platform. Also, it offers demo accounts that allow traders to practice trading without risking any real money.