Octa
The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.
Octa has won more than 70 awards since its foundation, including the ‘Most Reliable Broker A
Octa
Overall
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.
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Best for scalping?
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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.
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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.
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They have plugin to make delay upto 5 6 pips
please explain that?
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I have negative experience from octafx. They have very draft and bad organisation.
Today, I tried to fund my real EUR account with a minimum amount to demonstate the broker in real conditions. On their page, they are writting that depositing the account using skrill, its free and all the fees are covered by octafx. So, I choose skrill to deposit 80.43 eur on my EUR account. But on my skrill account, I see that it charged me for 83.21 eur. Thats a 3.5% hidden fee!!!
I contacted to chat suppor and they answered me that; "our Skrill wallet is in USD, and a double exchange rate has been applied to your transfer. First your funds were converted to USD according to Skrill rates and then again they were converted to EUR as per Forex."
It is very bad policy from octafx, and it seems that it has hidden commisions and charges. I think that it isnt too difficult to create a EUR wallet on skrill. And if they dont want to create it, they MUST had written that on deposit informations for skrill. But they havent any warning for that.
After that, I met one another bad surprice; I asked for my deposit bonus, and they told me that it is applicable only for MT4 accounts and not for octafx. But in their page, they are wriiting that bonus is applicable on ANY type account and on ANY deposit..
The support of live chat is too bad and they are not mattering to correct the problems that I met.
They give me the impression of a very draft and very bad organisation. They have lost thei reliable for me
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Yes i did some loss and i decided to withdraw all my money from this and i am joining Exness Bye bye Octafx
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Hello Rahadian Dimas!
We highly appreciate your opinion, but in fact, OctaFX has thousands upon thousands of clients around the world, so if the broker was a scam, it would not have such a number of clients. People more often prefer to share their negative experience than the positive one, so, if you see some negative reviews, it is not a reason to charge the broker with a scam.
Thus, if you have any particular issues and constructive feedback, please, share with us, but do not just copy and paste this “scam” messages without any detailed information (name, account number, screenshots).
We properly perceive both negative and positive feedback but we will be glad to see here really useful criticism in order to develop and improve our services and make your trading experience more and more convenient.
Best regards,
OctaFX Rep.
Thank you!
Respectfully yours,
OctaFX Rep.
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who has trading account with the broker?
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Закрыли счет без объяснения причины.
Не арбитраж.
Вывели все заработанные средства.
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this scam dealing center always play with exeqution at profit accounts - i confirm
also you cannot close a part of order there - total scam. In their rules no words about this
Never trade at this scam
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plz vote in fpa against them live cheating record in video
http://www.forexpeacearmy.com/forex-forum/court-case-preparation-folder/39555-case-unassigned-rajivxxx-vs-www-octafx-com.html
http://www.forexpeacearmy.com/forex-forum/scam-alerts-folder/39554-octafx-scam-proof.html#post201130
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Great trading conditions...
Just beware of Sundays when the markets open and Fridays when markets are about to close...they will rip you off on your limit orders...you will get a price away from the actual market prices.
Customer service is no good!
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don't listen to people vontogr@, just keep focus on your trading..😂 your trade performance are amazing.. anyway thanks for your review about this broker.. I also love this broker because they serve very thight spread for their client.. very good broker for me.. very satisfied..!!
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This broker add gap 4-22 pips for open my pending order and add gap again when close my order.
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For now no problems with Octa at all. Very fast execution, fast withdrawal.
Really seldom breakdown of connection.
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Serious things they say about this broker, and passing no one can punish such activities, if for what users say here is evident that there is a manipulation.
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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
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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!
