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No valid regulatory information, please be aware of the risk!
Registered in the United Kingdom, OctaFX is a forex broker providing easy access to a massive financial market, Currency Pairs, CFD Trading, CFD, Commodity, Index. With the OctaFX platform, two types of trading accounts are available: Smart Trader and Habitual Trader, with the minimum deposit to trade with this broker starting at $100.
OctaFX is not authorized or regulated by any regulatory authority. Please be aware of the risk.
OctaFX provides a series of trading instruments, including 35 currency pairs, gold and silver, 3 energies, 10 indices, 30 cryptocurrencies.
Two live trading accounts are available: Smart Trader and Habitual Trader, with the minimum deposit for these two accounts is $100, which sounds acceptable for most regular traders. Minimum Volume: 0.01 lot, Maximum Volume: 200 lots for Smart Trader account, 500 lots for Habitual Trader account.
Apart from live accounts, demo accounts and Islamic accounts are also available for beginners to gain a feel of this platform and practice their trading skills.
How to open an account with OctaFX？
Opening an account with OctaFX is an easy and simple process:
1. Click the “OPEN ACCOUNT” link on the OctaFX website, and fill up some required details on the popping-up page.
2. Upload your personal data for this company to verify your details.
3. Choose the preferable payment methods, fund your account and start to trade with this forex broker.
On the OctaFX platform, trading leverage varies depending on particular trading instrument: leverage up to 1:500 for currencies, 1:200 for metals, 1:100 for energies, 1:50 for indices, 1:25 for cryptocurrencies.
Leverage can amplify gains as well as losses, therefore, it is wise for clients to choose the smaller size until they gain more trading experience.
Spreads & Commissions
Spreads and commissions are tightly associated with account types. No commission is applied, with the spreads offered by these two trading accounts from 0.6 pips.
OctaFX provides both MT4 and MT5 trading platforms for its clients, which both can be accessed on any device, Desktop, Android, IOS.
The OctaFXs official website is available in multiple languages, and you can turn to this broker for help with any inquiries or trading-related issues:
Registered Company Address: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines
Customer support hour: 00:00-24:00 (EET)
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
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