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Independent rating of Forex broker OctaFX

3/10 (votes 100)

On-line since
2011
Country of origin
Saint Vincent and the Grenadines
Regulation
IFSC
Payment options
Visa cards, MasterCard cards, Skrill, CashU, Neteller, FasaPay, UnionPay, BCA, Mandiri, BNI, bank transfers
Minimum account size
$5
Minimum lot size
0,01
Leverage
1:500
Spreads
from 0.2 pips
OctaFX has developed a wide range of services for convenient and high yield forex trading. The company offers live ECN accounts, micro accounts, swap-free accounts, and IB accounts with low spreads.  Real-time market execution of clients’ orders is one of the main advantages of OctaFX.
OctaFX presents MetaTrader4 and cTrader trading platforms designed for personal computers as well as for smartphones.  As the broker says, stability, perfection, and close attention to details sets OctaFX apart from its competitors. At present, thousands of traders use OctaFX services around the world and customer support specialists are available 24/5 to provide clients with a professional help.
Below you can find feedback on the company’s activity and clients’ independent assessment of the broker. If you have already cooperated with OctaFX, please, find time to leave your own feedback to help other traders draw a conclusion about OctaFX.

Comments

Author: Celice Date: 2021-02-15 08:05:25 (UTC+3)
One of the best things about OctaFX is the convenience that they provide. Having a lot of choices for payment options allows investors to pick whichever they prefer the most. Also, their platform is very easy to use and their customer support team is highly reachable.
Author: Bashrat Date: 2021-02-05 02:45:42 (UTC+3)
I like to trade with OctaFX. Their platform works nicely and makes me able to earn a profit. The platform is stable even during market volatility. Everything is instant here, they have fast order executions also fast withdrawal process. I like to trade with them because they have a low trading cost, and they are always transparent for the commission. They don't have a hidden commission. OctaFX is a reliable and recommended broker.
Author: Emoska Date: 2020-12-27 08:10:26 (UTC+3)
My first impressions with OctaFX was good for the reason that I was running my scalping EA profitably. I made profit around $600 within two months using my scalping EA. But from last month my EA is not working anymore. I couldn't resolve the problem, so I contact with their technical support and they said I can’t use this expert advisor but they did not reveal the actual reason. Maybe because my scalping EA is profitable. Its looks a bit weird. So I am thinking to withdraw my all fund from OctaFX broker.
Author: Nikol Date: 2020-10-20 06:37:24 (UTC+3)
Not only is it very easy to open an account at OctaFX, it is also very affordable. Unlike with other broker, this company does not require a huge capital. You can start an account with whatever money you have. What's also great is that they have an education section wherein the traders could further learn about the market. If you are a small trader with little knowledge about Forex trading, then this broker is perfect for you.
Author: Justin Date: 2020-10-09 02:18:01 (UTC+3)
My trading with OctaFX has always been pleasant. Their cTraders platform work well, real time prices and no re-quotes, it makes me easy to get profit. Withdrawal process always fast approved without any hidden commissions. Customer support also always respond quickly and answer all of my questions. They are an excellent and honest broker. I would recommend this broker.
Author: Bob Date: 2016-10-07 00:21:50 (UTC+3)
I joined OctaFX a couple of week ago with some small amount to check their system deposit/withdrawal etc, i made around 100% profit within a week as i have been trading since 4 years, two days before i was busy in trading when i found an older bid which was ended in profit started suddenly with 2700 pips different and almost wash out my account, when i contacted their technical team they told me that last night suddenly gold rate gone up and it was some technical issue so your profit bids are cancel and this bid restored but i asked them why it did not active when the rate was reasonable close and it started after 20 hours and 2700 pips, if it would have started after few hours i could have closed it easily they said it happens and you have to bear this loss, i was busy with some other broker i am trading and i did not see this happening so its entirely their fault but they restored it eventually so I am hoping it will not happen again and i am now going to focus in my trading so it wopnt happen again..God protect all of us, thanks.
Author: pipmaniani Date: 2016-09-14 10:46:08 (UTC+3)
This broker is not very professional i try to deposit with BCA very complicated process. to much term and condition then finnaly i didn't deposit. I tested their demo account. Their trading conditions are bad and the execution of orders in their platform is ridiculous. I try to call support but i can not reach their supoort very busy. i'm very disappointed and i'm searching for a more serious and professional broker.
Author: Raimund Date: 2016-09-13 07:03:55 (UTC+3)
This broker is a disaster. I don't recommend it to trade in forex market. There are slippages all the time and several times, my orders and positions in trading platform have been closed without any reason.
Author: Yumi Date: 2016-09-08 05:55:14 (UTC+3)
I had try this broker since April 2014 till now, they have the best trading platform cTrader, where I am able to trade smoothly with all my trading orders executed instantly without any frustrating quotes happening. Getting 50% on every single deposit is an amazing offer. It encourages me to stay trading with OctaFX.
Author: Tomiwa Date: 2016-08-04 16:11:26 (UTC+3)
My experience about OctaFX is not good at all, very slow execution time, sometimes 5 seconds. I was banned without explanation. I lost all my partnership program and trading account, what a company!

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