Overall

I runaway from this Broker after they Exequte my 3 SELL orders in -30 pips from Current Ask

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I have been trading with OctaFX for last 2 years and i have a wonderful time so far, as i mostly use their demo contest account like Champion. I have also even won the prize there for the 2nd place of 300 USD and their recently launch weekly contest cTrader is extra ordinary, as there are 400-500 USD to be won and hopefully i will win it again. They also have wonderful payment system where all my payments are given instantly, so i would really rate them high - 5/5!

Overall

be careful with hidden spread and commision 😁

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Overall

this broker manipulating prices, im a scalper very price sensitive. i could strongly feel they always slips 1 or 2 pips every close order. even the market is not volatility.

from their Customer Agreement

they pretty much not hoping you make money, so they are not true ECN. 100% pure dealing desk. and pure lies

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how is it possible to trade 29 ! lots just at the start of a contest with start capital of 10K???

I only arrive at 18,max 20

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But... if you sent your money to FX broker registered in St. Vincent and the Grenadines, they probably correctly assumed that you don't need it anyway 😇

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Do not trust these morons!

As long as I just make a profit with them everything was OK.

I was even allowed to withdraw like $30 via Skrill.

Today I made withdrawal $100 via Skrill and it was rejected for no reason, twice.
I got reply I should use bank account for withdrawal, while I deposit via Skrill
And in their own email where they request me to withdraw via bank account there is a sentence

Please note that you can only withdraw from your account by the same means that you used for depositing it

And I did deposit via CC. Of course I do not have any bank account connected to OctaFX

So be aware of this scum.

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Any comment regarding OctaFX broker? Can I trust it? Many thankz.

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in OctaFX_Customer_Agreement.pdf:

4.5.4. In case the Client uses an EA performing over 30
 requests per minute the Company reserves a right to
 ban such EAs;

4.9. In exceptional cases short-term orders lasting less than 180
seconds can be cancelled should they be considered an abuse.

6.6 Margin Call and Stop Out levels may be increased during
news releases, periods of high market volatility, abnormal market
conditions and other irregular events.

4.8. Using arbitrage strategies on linked markets (e.g. currency
futures and spot currencies) is prohibited. In case the Client uses
arbitrage in either clear or hidden way, the Company reserves a
right to cancel such orders.



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This broker only for very SMAL DEPO ( 50 - 500$ )
Also this broker is not true ECN and not for SCALPING