Review Score
Platform
Pricing
Customer service
Features
Live Spreads

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
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
Octa User Reviews
Member Since Sep 26, 2020   2 posts
Jul 19, 2022 at 04:51
OctaFX is one of the best forex broker
Member Since May 08, 2022   1 posts
May 12, 2022 at 09:05
THE ONLY BROKER WITH NO COMMISIION OR SWAP OR ANY IDDEN COST.JOIN OCTAFX
Member Since Apr 27, 2021   1 posts
Apr 27, 2022 at 16:25
Just like the speed of depo and wd
Member Since Jan 18, 2018   6 posts
Mar 31, 2022 at 21:23
Good Brocker
Member Since Jan 20, 2018   1 posts
Mar 29, 2022 at 06:47
Good support.
Member Since Oct 11, 2018   1 posts
Mar 24, 2022 at 00:05
Spread is average and fast transaction and execution
Member Since Feb 19, 2022   1 posts
Feb 27, 2022 at 11:08
excellent for scapling trade
Member Since Sep 10, 2021   2 posts
Jan 24, 2022 at 05:27
Terbaik dan bagus
Member Since Sep 19, 2019   1 posts
Jan 20, 2022 at 08:28
Finest broker in sg no cap
Member Since Jan 10, 2022   1 posts
Jan 11, 2022 at 12:05
Only thing octa fx lack is pricing alerts ,if we can set alerts for price that will me great for all of us
Member Since Oct 24, 2012   1 posts
Jan 07, 2022 at 14:44
Excellent!
Member Since Aug 20, 2018   1 posts
Feb 08, 2020 at 10:35
OCTAFX - Excellent all around offering

i think OCTAFX is the only broker which had fastest withdrawals and deposits and i totally love their website presentation and valuable services like copy trading, demo contests, 50% deposit bonuses, trade and win gifts, Status Program, IB Programs, top execution, low spreads and most important no dealing desk execution even for micro accounts and only problem is with slippage.

OctaFx is very good broker and I highly recommended to use this broker.
Member Since Nov 20, 2013   6 posts
Jun 27, 2017 at 09:49 (edited Jun 27, 2017 at 09:53)
About one year ago, I tried OctaFx. My impressions were negative. They havent skrill wallet in EUR, so if you would to deposit your EUR account, you had to pay conversion fees to Skrill. Also, they told for a 50% bonus on all accounts, but when I opened an account with CTrader platform and asked my bonus, they told me that the bonus are only for MT4 accounts (In their promotion they wrote that bonus is applicable for ANY account). So, I decided to withdrawal all my money and got out from OctaFX
Fortunately, a few months ago they fixed both these problems. They create Skrill wallet in EUR, so the deposit in EUR account hasnt any conversion fee. And they give also the 50% bonus to CTrader accounts.
So, I decided to give a second try to them with a very little deposit.
But.. Unfortunately, I disappointed again. Although they give me the 50% bonus for my CTrader account deposit, they dont calculated correct the traded volume lots, that I have done!! (Only if you trade a min lot size, you can withdraw the bonus)
I contacted them about one week ago, and they told me that they will fix it. But they havent anything!
At least I have see a very scrap work. If you advertise a promotion, you MUST have do the corrrect work, and dont injustice your clients. There isnt any extenuation for that. I told them about their wrong calculation one week ago, and they havent fix anything.
No one trader can accept any inhonestly in broker that he is trading
Member Since Feb 16, 2016   1 posts
Aug 24, 2016 at 08:45
I have been trading with octafx for almost a year now and it's high time to share my review. I'll give you my experience, feelings, hopes and so on. Firstly, about what I don't like:
- spreads are above average (usually between 1.3 - 1.7 pips for EURUSD). It's not a broblem to find a broker with lower one`s. They promise better spreads on their ECN accounts, but I haven`t tried them.
- execution needs to be improved. I trade mostly on MT4 desktop platform and I have experienced connection interruptions.
Things I like about them:
- I use Skrill for deposits and withdrawals and I absolutely like the fact that withdrawals are automatically processed. It takes literary less than a minute to get the money from my trading account into my Skrill account.
Great amount of currencies, exotic either, usually brokers will allow you to have your account either in EUR, USD or GBP.
low deposit and withdrawal fees (for Skrill).
they allow any trading styles - from hedging to scalping.

If Octafx could improve execution and provide tighter spreads I think they would be on the tip of the iceberg, they have some really good features.
Member Since Jul 25, 2015   20 posts
Jul 16, 2016 at 11:23
Best for scalping?
Member Since Feb 08, 2016   1 posts
Apr 16, 2016 at 17:03
Always select a broker that pays instantly, I mean you will know if they cheat, as you won’t get paid instantly, so till they are honest, it is all instant. Octafx has instant money transactions system, so I am very secure with things and having instant payment is like guarantee type of stuff for me. I have been working with them for 2 years, I have 2 accounts one for scalping and other for long term (swapfree), I don’t make massive profits, but at least it is something I can be happy about.
Member Since Feb 03, 2013   22 posts
Mar 16, 2016 at 07:20
Johny_Depp posted:
RoboExpert posted:
greencastle posted:
super posted:
who has trading account with the broker?

3 years using this broker, everything just fine..😄
i used 3 months 3 accounts - everywhere scamm and play with exeqution around spread
broker for accouints not more 50-100 $ deposit. After 100$ they will kill your depo anyway
so i think your depo was about that. Also there not possible to scalp - learn their stoopid rules

r you sure u can have 3 account from one real person? i'm not too sure you can have multiple accounts unless you're trying to cheat.
and as far as i know you can scalp too.

maybe he use arbitrage or something, we know that such strategy is not allowed in any forex broker.. Octafx is good for you if you deposit small amount like 100$ - $500, but you need to becareful if you have huge balance and try to do fast scalping very often below 1 minutes on every trades, if you do that they will kick you out..
Member Since Feb 08, 2016   1 posts
Mar 09, 2016 at 11:15
RoboExpert posted:
greencastle posted:
super posted:
who has trading account with the broker?

3 years using this broker, everything just fine..😄
i used 3 months 3 accounts - everywhere scamm and play with exeqution around spread
broker for accouints not more 50-100 $ deposit. After 100$ they will kill your depo anyway
so i think your depo was about that. Also there not possible to scalp - learn their stoopid rules

r you sure u can have 3 account from one real person? i'm not too sure you can have multiple accounts unless you're trying to cheat.
and as far as i know you can scalp too.
Member Since Aug 26, 2015   5 posts
Feb 12, 2016 at 11:51
Dear hopef,

We sincerely apologize for this incident and would like to inform you that our web-site will be updated as soon as possible. Thank you for your attention to this topic, we hope that you'll have only positive experience with OctaFX in the future.

Best regards,
OctaFX Rep.
Member Since Nov 20, 2013   6 posts
Feb 11, 2016 at 15:56
I am attaching a larger screenshot of the bonus rules from the octafx fake proromotion

Attachments:

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