Octa FX: reliable partner in the forex market
Octa FX is a company that positions itself as a reliable business partner in the forex market. The broker offers users capital management, transparent and favorable trading conditions, as well as operations in popular terminals. Octa FX serves clients worldwide.
Octa FX provides analytical and educational materials, as well as special tools. The broker opens demo accounts that do not require real money deposits.
The full name of the company is Octa Markets Incorporated. It is registered in Saint Vincent and the Grenadines. The registration number is unknown. The presence of permits for financial activities remains questionable, although “authoritative regulation” is mentioned.
Websites owned by the broker: ctafx.com, europeoctafx.com, my.europeoctafx.com, octafx-asia.com. This list is updated as new domains appear.
Octa FX trading conditions
Octa FX clients can use different terminals: MetaTrader 4, MetaTrader 5, and CTrader. The broker provides access to trading in currency pairs, cryptocurrencies, metals, currency pairs, and indices.
Octa FX has developed 4 types of accounts to choose from.
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Demo. The demo account does not require funds.
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Micro. The minimum deposit is $100, leverage is 1:500.
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Pro. Minimum deposit is $500, leverage up to 1:200.
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ECN. Minimum deposit is $100.
The broker has also developed accounts for traders who prefer to work as introducing brokers. The commission is up to $15 per lot.
Octa FX offers its clients transparent trading and low spreads. The broker claims to execute over 97% of orders without slippage.
Depositing and withdrawing funds from Octa FX
Users can open accounts on octafx.com in euros and US dollars. As stated, there is no commission for depositing and withdrawing funds.
Using VISA and MasterCard credit cards, traders should note that the minimum amount to deposit is $5. Other deposit methods include BCP, CashU, FasaPay, Mandiri, Mastercard, Neteller, Skrill, UnionPay, bank transfer.
To withdraw funds, traders must use the same payment method that was used for the initial deposit. If the request is made on business days, processing will occur within three hours. Otherwise, the request will be postponed to the next day. Withdrawal methods: BCP, CashU, FasaPay, Mandiri, Mastercard, Neteller, Skrill, UnionPay, VISA, bank transfer.
Conclusion
Octa FX claims to have been in existence since 2011 and has served over 1.5 million transactions during this time. It is reported that the company’s operations cover more than 100 countries worldwide. It is worth noting that scan copies of the registration certificate and state permits for financial operations are not published on the octafx.com website.