Octa
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Octa
Minimum deposit ($)
5.0
Commission
0.0
Accepting US clients?
Swap free accounts
Segregated accounts
Interest on margin
Managed accounts
Accounts for money managers (MAM, PAMM)
One click trading
API
OCO orders
Trading over the phone
Hedging allowed
Trailing stops
Mobile trading
Scalping allowed
Bonuses
Demo Accounts
Web based trading
Contests
Decimals
5
Minimum lot size
0.01
Maximum lot size
1000.0
Spread
Fixed, Variable
Broker type
STP, ECN
Maximal leverage (1:?)
500
Phone
-
Fax
-
Availability
Phone, Chat, Email, Skype, Whatsapp
Email
Address
Cedar Hill Crest, Villa, Kingstown, St. Vincent and the Grenadines, VC0100
Regulation
CySEC (Cyprus), FSCA (South Africa)
Trading Platforms
MetaTrader 4, MetaTrader 5, Octa Trader
Funding/Withdrawal methods
Wire Transfer, Credit Card, Debit Card, Moneybookers, Perfect Money, Neteller, Skrill, FasaPay, Local Deposits, Bitcoin
Account Currency
USD, EUR
Languages
English, Spanish, German, Portuguese, Mandarin, Chinese, Indonesian, Malay, Thai, Arabic, Vietnamese, Hindi
Country
Saint Vincent and the Grenadines
International offices
Saint Vincent and the Grenadines
Trading platform(s) timezone
(GMT +1:00 hour) Brussels, Copenhagen, Madrid, Paris
Other trading instruments
Indices, Commodities, Energies, CFDs, Cryptocurrency, Precious Metals
Member Since Mar 04, 2011
37 posts
Dec 06, 2014 at 17:35
These are real theives/ If they found any investor make money, they put plugin to put delay in execution and loose all deposit + profit. If we ask the reason, the animals will reply it is normal exeuction slippage.
Very bad broker, Their main business is robbery, not forex
Very bad broker, Their main business is robbery, not forex
Member Since Nov 07, 2014
2 posts
Nov 16, 2014 at 08:11
roller posted:Anubavsheik posted:YOus this Kitchen for demo guys like you))
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!
Sorry mate, but i am not able to understand what you meant by guys like me. It is not that demo should be used by all and it is also obvious that it is way too boring, therefore why anyone not trade with such amazing contest if available without any joining fees. If i am not required to pay any fees for joining OctaFX's cTrader contest then i would love to join, as 400 USD is a huge amount for me and it is worth 1 month's salary, so it might not be so cool for you, but newbies like me are huge lovers of such contest.
forex_trader_173939
Member Since Jan 27, 2014
48 posts
Nov 10, 2014 at 13:46
Anubavsheik posted:YOus this Kitchen for demo guys like you))
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!
forex_trader_173939
Member Since Jan 27, 2014
48 posts
Nov 10, 2014 at 12:22
I runaway from this Broker after they Exequte my 3 SELL orders in -30 pips from Current Ask
Member Since Nov 07, 2014
2 posts
Nov 08, 2014 at 17:22
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!
Member Since Apr 01, 2013
16 posts
Sep 18, 2014 at 20:15
kanon103 posted:
same signal same EA on 5 different brokers (trader's way, ICMarket, armada , fxopen, octafx) ONLY octafx does not profit. apparently they might have manipulated price or something. because there is no way other broker can profit and octafx does not. using same signal and EA. stay away from this broker.
be careful with hidden spread and commision 😁
Aug 09, 2014 at 07:57
same signal same EA on 5 different brokers (trader's way, ICMarket, armada , fxopen, octafx) ONLY octafx does not profit. apparently they might have manipulated price or something. because there is no way other broker can profit and octafx does not. using same signal and EA. stay away from this broker.
Aug 01, 2014 at 12:33
EAFXProfit posted:
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.
======================================
This broker only for very SMAL DEPO ( 50 - 500$ )
Also this broker is not true ECN and not for SCALPING
Jul 25, 2014 at 07:50
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
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
Member Since Feb 22, 2011
4862 posts
Jun 04, 2014 at 14:22
togr posted:mrnick posted:
Any comment regarding OctaFX broker? Can I trust it? Many thankz.
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.
At the end I di withdrawal. The issue was the support was not able answer simple question why was my withdrawal rejected, why am I forced to withdraw to bank account, etc..
So OctaFx as broker seems to be OK.
OctaFx support sucks a lot
Member Since Feb 22, 2011
4862 posts
Apr 10, 2014 at 11:38
mrnick posted:
Any comment regarding OctaFX broker? Can I trust it? Many thankz.
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 $100 via Skrill and it was rejected for no reason, twice.
I got reply I should use bank account for withdrawal, while I deposit via Skrill
And in their own email where they request me to withdraw via bank account there is a sentence
Please note that you can only withdraw from your account by the same means that you used for depositing it
And I did deposit via CC. Of course I do not have any bank account connected to OctaFX
So be aware of this scum.
forex_trader_108204
Member Since Jan 21, 2013
87 posts
Feb 02, 2014 at 18:17
(edited Feb 02, 2014 at 18:24)
in OctaFX_Customer_Agreement.pdf:
4.5.4. In case the Client uses an EA performing over 30
requests per minute the Company reserves a right to
ban such EAs;
4.9. In exceptional cases short-term orders lasting less than 180
seconds can be cancelled should they be considered an abuse.
6.6 Margin Call and Stop Out levels may be increased during
news releases, periods of high market volatility, abnormal market
conditions and other irregular events.
4.8. Using arbitrage strategies on linked markets (e.g. currency
futures and spot currencies) is prohibited. In case the Client uses
arbitrage in either clear or hidden way, the Company reserves a
right to cancel such orders.
======================================
This broker only for very SMAL DEPO ( 50 - 500$ )
Also this broker is not true ECN and not for SCALPING
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.
======================================
This broker only for very SMAL DEPO ( 50 - 500$ )
Also this broker is not true ECN and not for SCALPING