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OctaFX Review Scores


Overall score: 3.5 / 5

Total votes: 107
Platform
1
Pricing
1
Customer service
1
Features
1
1 - Worst 5 - Best

OctaFX Discussion

37 posts
togr posted:
fxinvestment posted:
togr posted:
fxinvestment posted:
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


I do not have such problems with any accounts of mine with them
https://www.myfxbook.com/members/togr/octafx-5k-test/1086930
Moreover they have servers all over the world so with VPS in e.g. London the sllipage is minimal

Why you deleted the account? Show your account

Here you go
https://www.myfxbook.com/members/togr/caesar-5-k-test/1096205

16% profit is not big profit. I am not talking about such kind of small profit, There are scalpers make 50-100% per week. You can test a scalper that make profit . Then you will realise how they play with you...
4862 posts
fxinvestment posted:
togr posted:
fxinvestment posted:
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


I do not have such problems with any accounts of mine with them
https://www.myfxbook.com/members/togr/octafx-5k-test/1086930
Moreover they have servers all over the world so with VPS in e.g. London the sllipage is minimal

Why you deleted the account? Show your account

Here you go
https://www.myfxbook.com/members/togr/caesar-5-k-test/1096205
16 posts
be careful guys, if you trading using EA with high profit
its hard to withdraw deposit and profit
37 posts
togr posted:
fxinvestment posted:
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


I do not have such problems with any accounts of mine with them
https://www.myfxbook.com/members/togr/octafx-5k-test/1086930
Moreover they have servers all over the world so with VPS in e.g. London the sllipage is minimal

Why you deleted the account? Show your account
37 posts
I can show account that made slippage after made very good profit. 5-6 pips slippage opening and closing trades
4862 posts
fxinvestment posted:
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


I do not have such problems with any accounts of mine with them
https://www.myfxbook.com/members/togr/octafx-5k-test/1086930
Moreover they have servers all over the world so with VPS in e.g. London the sllipage is minimal
37 posts
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

2 posts
roller posted:
Anubavsheik posted:
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!
YOus this Kitchen for demo guys like you))

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.
48 posts
Anubavsheik posted:
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!
YOus this Kitchen for demo guys like you))
48 posts
I runaway from this Broker after they Exequte my 3 SELL orders in -30 pips from Current Ask
2 posts
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!
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 😁
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.
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
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
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
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
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 😇
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.


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