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OctaFX Review Scores


Overall score: 3.3 / 5

Total votes: 78
Platform
1
Pricing
1
Customer service
1
Features
1
1 - worst 5 - best

OctaFX Discussion

EAFXProfit
Feb 02 2014 at 18:17
87 posts
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

mrnick (mrnick)
Mar 04 2014 at 19:53
1 posts
Any comment regarding OctaFX broker? Can I trust it? Many thankz.

Have the courage to follow your heart & intuition, they somehow already know what you truly want to become.
togr (togr)
Apr 10 2014 at 11:38
4862 posts
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.



marx64
Jun 04 2014 at 13:34
28 posts
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 😇

togr (togr)
Jun 04 2014 at 14:22
4862 posts
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

mcrious
Jun 16 2014 at 13:39
18 posts
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

kanon103
Jul 25 2014 at 07:50
99 posts
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

badzsoxy
Aug 01 2014 at 12:33
30 posts
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

kanon103
Aug 09 2014 at 07:57
99 posts
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.

denmaspaidjo (denmaspaidjo)
Sep 18 2014 at 20:15
16 posts
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 😁

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