The deposit and withdrawal options offered by this broker are fairly limited, but it’s still enough of a selection for the majority of traders. With its demo learning account, users compete in a weekly contest in which beginners are able to earn real cash up to $1000. This cash is then deposited in the real account with which you can trade live in a global market. Great tools and charting options for more experienced tradersHowever, Autochartistis available for users who have achieved a Silver badge.
Can I buy Bitcoin with OctaFX?
Can I trade cryptocurrency at OctaFX? Yes, you can trade cryptocurrency pairs at OctaFX. You can trade bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple.
Lastly, you can choose the ECN account which uses the OctaFX cTrader platform. This platform allows for STP and the lowest execution latency. That said, keep an eye out for higher commission with these accounts.
But first of all, you can not pay out the bonus, you can only use it to make more profit. For withdrawal of the bonus, you have to do a certain turnover in trading volume . Time Frames change, Access Trading History, and Mobile access for online trading carry friendly and useful features.
The economic calendar displays a list of up and coming financial news releases including the country and level of impact. You can also see the actual, forecast and previous results of these releases. The calendar has advanced filters to only show news that is relevant to you. I think this is a vital tool and always like to check if there is any pending news before taking a trade. You will also find an economic calendar built-in the MT5 platform which could be more convenient to access and save you the hassle of switching between tabs.
It permits all financial transactions available through conventional desktop apps. Users can access the in-app settings to control their OctaFX trader profile and all activities related to that account. The apps provided fulfill the needs of traders, but we have seem apps from other brokerages that have been easier to use. First, OctaFX grants access to the highly popular MetaTrader series of forex trading platforms.
One interesting fact is that trading incentives have paid out more than $6 million to date. The broker also has the Autochartist MT4 and MT5 plugin for users. The OctaFX cTrader ECN account has a smaller product selection than its other account types, with 28 forex pairs and 2 metals available. For a broker that has only been operating for 5 years, it has already gained quite a reputation and a loyal following.
OctaFX Best Countries by Traders
Unlike the UK-based Octa Fx which offers just MT4, the Octa Fix Brokers offers three types of trading platforms. These platforms come in handy as they allow you to choose your preferred option, depending on your level of trading. OctaFX pricing strategy or a fee which you will need to pay for the usage of the OctaFX trading service based on two options according to the account type you choose and the platform you use.
OctaFX customers may not be able to place orders using mobile devices, where they will be able to perform basic technical analysis on the full chart. Customers will be able to do Candlestick, Line Chart, Bar Chart, Tick Chart using Excel on mobile. MetaTrader 5 is one of the most popular trades on one of the most popular platforms in the world. MT 5 is the world’s number one multi-asset platform provider of futures, forex, CFD, exchange-traded instrument trading. This market has a large number of customers because this platform is very easy to use.
With OctaFX, users can avail CFDs of the ten most promising indices. The CFDs at OctaFX currently include markets such as NASDAQ, Dow Jones, and Euro Stoxx 50, to name a few. The CFDs are issued by a host of prominent stock market companies. As per forex market research,74-89% of retail investor accounts lose money when trading CFDs.
MT4 is the complete platform to get started trading online and is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). This is my platform of choice as it was the first that I became accustomed to and I have never felt the need to make the permanent switch to any other. Before diving into Forex trading with a live trading account, it’s best to open a risk-free Forex demo account. As OctaFX review suggests, its Demo Account provides the same Forex trading experience as real accounts.
However, the Pro Account Type does have a compensation of only three days for algorithmic trading swaps. OctaFX broker facilitates the MetaTrader 5 Pro Account, the most profitable amongst C-Suite investors and novice traders as well. This Metatrader 4 functionality allows a seamless process for digital trade vantage fx broker review ventures with an array of exchange tools to choose from. The regulated broker compensation for a cTrade account depends on the changes in the market news. Traders need to analyze the current market while selecting this type of OctaFX broker account for their FinTech exchanges and business ventures.
You will even get the opportunity to get involved in the business with very little profit. Be at ease if you are a beginner; OctaFX is a beginner friendly broker. Since OctaFX is offering three different types of platforms, that is, MetaTrader 4, MetaTrader 5, and cTrader, the conditions of commissions and costs vary depending upon the account. This OctaFX broker also offers social trading through Copy Tradingwith special research tools and AutoChartist trading. They are claiming to provide several facilities that do not include any swaps, slippage, or delays.
The minimum deposit amount required to register an OctaFX live trading account is $100 USD. OctaFX provides two live trading accounts – the OctaFX MT5 and OctaFX MT4 accounts. Founded in 2011, Octa Fx Brokers is a relatively new firm in the industry of forex trading but it has already made positive headlines within the short time it has operated.
How do I choose a copy trader?
- Proven track record. Check out a trader's performance over the last 12 months or more.
- Returns. The best trader to follow must show consistent rather than sporadic results.
- Confidence. Follow a signal provider who trades with a real account and risks their own money.
- Number of followers.
- Risk level.
- Historical drawdown.
OctaFX is a forex broker in business since 2011 and regulated by CySEC since 2018. OctaFX caters to most international traders, including India, Pakistan, Malaysia, Nigeria, Singapore, and Indonesia. A ranking system is also in place, evaluating the trading history of the Master Trader with OctaFX. rubix fx review In-depth details on the trading strategy and performance of each Master Trader are equally available. OctaFX does make an affiliate program available in the form of Invite-a-Friend and IB options. By sharing a referral link the trader will receive a commission per volume traded by their friends.
A risk management tool is also available, called the drawdown percentage . Should the Master Trader face losses, the DDP will close the copiers position. Copiers can also manually close open positions and retain complete control over their portfolios. After all the required details have been completed and submitted, a confirmation email will be sent to the applicant’s account. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. Since I started using your platform,it has been a great and wonderful experience.thank you So much.OctaFX you guys are the best.
This can help to prepare trades if you are in a rush or just not that good at maths. Octa Markets Cyprus Ltd does not offer its services to residents of the USA, Canada, Belgium, and the UK, as well as other jurisdictions outside the European Union. OctaFX is a relative newcomer to the world of Forex trading, but it has already managed to pick up some significant industry awards.
The trading conditions are very good and the trading fees are low. Trade market clients think about broker protection before investing. The broker provides customers with maximum protection from investing. OctaFX eliminates fears by traders by applying the best tools to ensure additional funding. There is no reason to worry, the broker automatically shuts off your positions as soon as it is detected. Every professional forex broker must have a reliable trusted trading platform for trading.
Is OctaFX a good broker?
These trading spreads in the Pro Account are economically feasible when it comes to exchanging compensations. Furthermore, the mt4 account has the facility of 28 fiscal currency sets, leverages of gold and silver asset classes, three prominent cryptocurrencies, and four well-known indices. Since stock indices are not physical assets, they can be traded via products that reflect their price movements via the OctaFX CFD trading platform. After all the user identity provided is authorized by the accounts unit, the user can start trading on the platform.
MetaTrader will bring you all the benefits and powerful capabilities it offers, while cTrader webtrader is also featuring great design and look. As a licensed broker that obliges to safety measures, OctaFX Cyprus offers only Bank Wire Transfer for its European clients. While international entity includes also Credit Cards, e-wallets and other methods which you may check with customer service before any transfer is done. Being able to access your funds at any time with ease and convenience is another point with a regulated broker and our OctaFX Review. So together with its strict money management rules, you may fund your account by deposit through a bank account with no complication.
After downloading the app we found it easy to open new real and demo accounts, manage our leverage, and deposit and withdraw funds. Switching to the MT4 app to access our trading account was a simple and quick process. Spreads average at 0.7 pips on the EUR/USD, umarkets and no commissions are charged. The MT5 trading platform has some extra features, including depth of market, an integrated economic calendar, and full-size tick charts. The other difference is that swaps only apply from the third night a position is held open.
Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results. OctaFX does not levy charges for deposits, withdrawals, and currency conversions.