OCTAFX Information
OCTAFX is a broker. The tradable instruments, with three account types with a maximum leverage of 1:1000, such as Octa Trader, MetaTrader 5, and MetaTrader, include currency pairs, commodities, indices, stocks, and shares. The minimum spread is from 0.6 pipsand the minimum deposit is $25. OCTAFX is still risky due to its unregulated status and high leverage.
Pros and Cons
Is OCTAFX Legit?
OCTAFX is not regulated, which makes it less safe than regulated brokers.
What Can I Trade on OCTAFX?
Traders can choose different investment directions because the broker provides currency pairs, commodities, indices, stocks, and shares.
Account Type
Traders open an account with the same minimum deposit for Octa Trader, MetaTrader 5, or MetaTrader. Traders who want more instruments can choose a MetaTrader 5 account.
OCTAFX Fees
NO commission and swaps and the spread starts from 0.6 pips.
Leverage
The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.
Trading Platform
OCTAFX provides Octa Trader, a build-in platform, for Web, Android, and iOS, along with an authoritative MT4/MT5 trading platform for Web, Android, Windows, and macOS versions.
Deposit and Withdrawal
The minimum deposit is $25. OCTAFX offers multiple deposit and withdrawal methods, including Visa, Mastercard, local banks, skrill, Neteller, Bitcoin, Ethereum, and many more. Withdrawals usually take no longer than 3 hours.
Customer Support Options
OCTAFX provides 24/7 customer support, and traders can learn via social media, such as Facebook, Twitter, Instagram, YouTube, and more.
