Headquarter
|
Bonovo Road - Fomboni Island of Moheli Comoros Union |
Broker Type
|
ECN/STP |
Broker Status
|
Independent Broker
|
Accept U.S Clients
|
No
|
Live Chat
|
Yes
|
Regulations
|
CySEC, MISA, FSCA |
Address
|
Bonovo Road â Fomboni Island of Moheli Comoros Union |
Email
|
[email protected]
|
Website Languages
|
English, Spanish, German, Portuguese, Hindi, Chinese, Malaysian, Indonesian, Urdu, Thai, Vietnamese and More
|
Account Information
Free Demo Account
|
Yes |
Min. Deposit
|
100 |
ECN account
|
Yes |
Account Currencies
|
EUR, USD, GBP, SEK, DKK, ZAR, NOK, PLN, AUD, AED, CZK and More |
Maximum Leverage
|
1:500
|
Minimal Order Volume
|
0.01
|
Segregated accounts
|
Yes
|
Swap-free Accounts
|
Yes |
MAM/PAMM accounts
|
Yes |
Managed account
|
Yes |
Interest on margin
|
No |
Deposit/ Withdraw Options
|
Wire Transfer, Credit Card, Debit Card, Crypto, Moneybookers, Perfect Money, WebMoney, Neteller, Skrill, FasaPay, Qiwi, Bitcoin, POLi, Sticpay, VLoad
|
Trading Term Octa Overview
Trading Platforms
|
MetaTrader4, MetaTrader5, cTrader, MT4 WebTerminal, MT4 Android, MT4 iPhone Trader, MT4 iPad Trader, MT4 MultiTerminal, WebTrader, AutoTrade |
Precision pricing
|
5 digits
|
Type of Spread
|
Fixed/Variable |
Commission
|
Yes |
Lowest spread on EURUSD
|
0.0 pips |
Scalping
|
Yes |
Hedging
|
Yes |
Expert Advisors
|
Yes
|
One-click execution
|
Yes |
OCO orders
|
Yes |
Mobile Trading
|
Yes
|
Web Trading
|
Yes |
Gold, Silver
|
Yes
|
CFDs
|
Yes
|
Other Trading Instruments
|
Indices, Commodities, Energies, Shares, CFDs, Cryptocurrency, Precious Metals |
Promotion
|
50% Welcome Bonus
|
Trading Contests
|
No |
Octa General information
Octa
(formerly OctaFX) is an international broker that has been providing
online trading services worldwide since 2011. It offers commission-free
access to financial markets and a variety of services already utilised
by clients from 180 countries with more than 42 million trading
accounts.
Regulation
Spanning across the
globe, OCTA is subject to regulation by several authorities, including
the FSCA, MISA, and CySEC, reflecting the diverse regulatory landscape
governing the activities conducted by OCTA.
Here is the list of licenses which Octa has:
- Octa
Markets Cyprus Ltd. is authorized and regulated by the Cyprus
Securities and Exchange Commission (CySEC) with license number 372/18.
- Octa
Markets Ltd. is authorized and regulated by the Mwali International
Services Authority (MISA) with license number HY00623410, and
international brokerage and clearing house license number: T2023320.
- Orinoco
Capital (Pty) Ltd. holds a Financial Service Provider (FSP) license
number 51913 from the Financial Sector Conduct Authority (FSCA) in South
Africa.
What traders value about Octa
- Fast withdrawals 24/7. More than 90% of them are credited within 3 hours.
- Low spreads. Octa offers floating spreads starting from 0.6 pips. During promotions, the spreads can be up to â15% lower.
- Global recognition
approved by 70+ international industry awards in 180+ countries. Octa
has been named the âMost Reliable Broker Asia 2023â award from Global
Forex Awards and the âBest Forex Broker 2023â award from
AllForexRating.com.
- No charges at all. No
commissions, no overnight or trading charges. Octaâs profit is already
included in spreads as a markup. All the profit you make is yours.
- Spaceto help you make the best possible decision at any moment.
Itâs a smart feed with customised content: relevant trading ideas and
deep analysis. Built into the trading ecosystem, it shows you good
ideasâtry it, and you wonât miss any worthy profit opportunities.
- OctaTrader.
Quick and intuitive trading platform developed with your comfort in
mind. Octa equipped its trading terminal with Space, a smart feed with
trading ideas and deep analysis. OctaTrader is powered up with price
alerts and instant trading notificationsâall set to make a profit.
- Security.Octa
enforces strict security measures including 128-SSL encryption and
adherence to AML/KYC standards to safeguard client data and funds.
Withdrawals are limited to deposit methods for added security, and
though verification may be inconvenient, it's essential for preventing
fraud and ensuring trader safety.
- Involved Customer Support 24/7. Our team is there to help anytime. Human support in Hindi and English will get you answers in under 2 minutes.
- Education that results in your profit. Traders who learn with Octa tend to earn more in the long term.
Where to trade with Octa
Octa mobile apps
Octa
trading app is quick, offering low spreads, fast withdrawals, and a 0%
commission. A clear and user-friendly interface is perfect for every
trader who values comfort. Exclusive content in Space, a smart feed,
will help you make the best decision at any given momentâit features
deep market analysis and relevant trading ideas you can use instantly as
they are integrated into the trading terminal. The app features three
trading platforms: OctaTrader, MT4, and MT5. Also, Octa has one of the
best no-slippage levels in the marketâ97.5% of the executed orders.
đ€Download for Android, Google Play: https://play.google.com/store/apps/details?id=com.octa8
đDownload for iOS, App Store: https://apps.apple.com/my/app/octa-trading-app/id1552179961
Online desktop platform
Octa web trading platform is located at https://www.octafx.com/.
It features the same benefits the mobile apps have: quick response,
fast order execution, fast withdrawals, and 24/7 online support. Space, a
smart customisable feed with relevant trading ideas and deep analysis,
is also available online. Trades you open in the app and on the desktop
platform are automatically synchronised, so you can easily switch
between the devices.
Security
Octa prioritises strict client funds security rules.
Online data
is protected with 128-SSL encryption, which is a protocol that uses a
key of 128 bits in length and is considered very hard to crack.
AML/KYC.
Octa follows international regulation standards on Anti Money
Laundering and Know Your Customer procedures to verify the identity of
its clients and prevent illicit activities. All global brokers must
adhere to these policies.
Money transfers. Even
if unauthorised access occurs, such as losing your device, withdrawals
are restricted to the methods used for deposits. While this might seem
inconvenient at times, it's essential for ensuring security of your
money.
Verification. Traders may find the
verification process inconvenient, but it plays a crucial role in
ensuring their safety. It serves to prevent money laundering through
KYC/AML policies and safeguards against anonymous withdrawals,
protecting traders from potential theft. Verification doesn't have to be
done immediately upon registration, and traders can initiate it at
their convenience.
Octa trading platforms
OctaTrader
Simple and powerful trading platform created with your comfort in mind.
The intuitive, lightning-quick app provides a seamless trading
experienceâno need to lose focus switching between apps. Trading is no
place for distractions, and Octa knows it. So just open one app and
trade.
Tight spreads from 0.6 pips, 80 trading
instruments, including currencies, metals, energies, indices, and
cryptocurrencies. No overnight charges and no commissions.
Spaceâa wow feature of OctaTrader
- Space
is a built-in smart feed of trading ideas and market analysis. Designed
to help you make the best decisions at any moment, it is also an
ultimate source of control over your profits.
- Adjust its content
to your needs, creating your own feed and following only your favourite
assets and types of analysis. Space is ready to be tailored to your
individual trading preferences.
- Every trading idea in Space is
clear. It features a clear explanation of why now is a good opportunity,
identified Stop Loss and Take Profit levels, and a visual analysis on
the chart.
- Open orders directly from Space. No need to switch between tabs and waste time.
Whatâs also special about OctaTrader?
- Instant notifications about everything happening to your account
- Price alerts on any instruments
- Draw, analyse, and manage trades directly on the chart
- Up to 50% deposit bonus
Octa MT4 and MT5 trading platforms
These
two are known by every trader. MT4 is simple and popular, while MT5 is
technically advanced. Spreads on both start from 0.6 pips, but the
number of assets differs: you can trade 76 of them on MT4 and 273 of
them on MT5. Octa offers trading both on mobile and on desktop
MetaTrader.
Unique benefits you get with Octa
đ Space
- Space is the only trading partner you will ever need.
This is a smart feed with timely analysis of your favourite trading
instruments. What asset to trade now? Where to set Stop Loss and Take
Profit? It helps you make informed decisions and control your profits.
- No more anxiety when deciding what asset to trade. Compare
trading ideas, read explanations, and open orders directly on the
chart. Use global experience even if youâre a beginner.
- With Space, youâll never miss good ideas. All
you need is integrated into one screen. Multiply your trading skills
and potential profits, saving time on your own analysis.
đ Daily fundamental analysis
Every
trader values relevant info. With Octa, youâll get a clear and concise
fundamental analysis from Monday to Friday delivered to your inbox.
Which assets will be volatile? Which market events will affect the
market? Itâs not about long plain copies. Only the most important things
so you donât miss any event that might affect your profit.
The most popular trading assets at Octa
- Forex: EURUSD, GBPUSD, USDJPY, GBPJPY, USDCHF, AUDUSD.
- Indices: NAS100, US30, GER40, SPX500, JPN225
- Cryptocurrencies: Bitcoin, Ethereum, Ripple, Solana, Bitcoin Cash
- Metals: Gold XAUUSD, Silver XAGUSD
- CFDs on stocks: Apple, Tesla and other assets from 16 stock exchanges
- Energies: crude oil XBRUSD, gas XNGUSD.
Commissions and fees
- No commissions on deposits and withdrawals.
- No trading commissions. Octa profits from markup included in spreads, still keeping spreads among the lowest worldwide.
- All accounts on Octa are swap-freeâthere is no overnight fee.
Leverage
- Up to 1:500 for currency pairs, 1:1000 in the period of special promotions and contests
- Up to 1:200 for commodities
- Up to 1:50 for indices
- Up to 1:20 for CFDs on stocks
- Up to 1:25 for cryptocurrencies
Education
Octa
has good educational and training tools for beginners as well as expert
traders. According to our data, traders using Octaâs educational
content tend to make a larger profit. The brokerâs focus on providing
comprehensive education, assuring its clientâs best understanding of the
market, has resulted in two âBest Education Broker 2023â awards from Forexing.com and Holiston Media.
- Forex Basic Courseâshort videos about Forex basics. Good for beginners.
- Weekly webinars and live trading sessions are published here https://www.octafx.com/webinars/.
Contests and offers
- Deposit bonus. You can get from 10% to 50% bonus on every deposit. In times of special offers, traders usually get a 100% deposit bonus.
- Trade and Win program.
You collect prize lots for trading with Octa and spend them on iPhones,
other gadgets, and merch packs in the Octa Trade and Win gift
collection.
- Champion Demo Contest. Trade on a demo account, get in the top 5 with the highest balance by the end of the contest round and win up to $500.
Octa affiliate programs
- In Invite-a-Friend, invite friends to trade via your referral link and get 1 USD for every lot they trade.
- Octa IB program is for those who are ready to make attracting new clients a business. In 2023, Octa paid out more than $63 million
to its partners. Octa offers the highest commission for the most
popular assets: for example, for 1 lot of EURUSD your client trades with
Octa, you can get $12, while other brokers offer from $4 to $6.
- Status program
offers new benefits at every level, such as lower spreads, trading
signals by Autochartist, more expensive gadgets in the Trade and Win
collection, a personal manager, and more.
Octa Copytrading
Single
app and web service, integrated into the Octa ecosystem, that lets you
earn like an experienced trader without any specific knowledge. You
simply start following some pro trader youâve picked, and Octa
CopyTrading app automatically copies their trades.
It is perfect for beginners and those who want to profit without devoting much time to managing their portfolios.
To
start, you only need to pick a Master Trader based on several criteria:
their overall profit, number of copiers, and risk score. Every Master
Trader sets up the percentage of commission they take. Some of them
offer a free 7-day trial, so you can test as many Master Traders as you
want.
đ€Download for Android: https://play.google.com/store/apps/details?id=com.octafx.copytrade
Support and Contacts
Both
Live Chat and Email are available in Bengali, Chinese, English, Hindi,
Indonesian, Malay, Portuguese, Spanish, and Thai languages;
- Social media accounts: Facebook, Twitter, YouTube, Telegram, Instagram, and TikTok;
- Office Correspondence at: Bonovo Road â Fomboni, Island of Moheli, Comoros Union.
Restricted countries:
Octa
does not accept the clients from the following countries: Russia,
Cyprus, Belarus, Kazakhstan, Ukraine, Puerto Rico, United States, U.S.
Virgin Islands, U.S. Outlying Islands, American Samoa, North Mariana
Island, Guam