OctaFX Review
WARNING: Our recent unsatisfactory dealings with this company suggest that it is advisable that traders use an abundance of Caution and extra Due Diligence when dealing with them. There are many other trustworthy brokers listed on our site, who offer better trading terms - you may find them a better choice.
Typical Spread on Majors - Live
| EUR/USD | 1 |
| GBP/USD | 1.5 |
| USD/JPY | 1 |
- Company Info
- Swap Comparison
- Volume Comparison
| Headquarters | Kingstown, St. Vincent and the Grenadines |
| Type of Broker | STP & ECN/STP |
| Founded | 2011 |
| Regulated By | Regulated By None |
| Offices In | Saint Vincent and the Grenadines, Indonesia, United Kingdom, Spain |
| Supported Languages | English, Indonesian, Chinese, Malaysian, Portugeese, Spanish, Thai, German, Bengali, Hindi |
| ESMA Regulation ? | This broker is not regulated within the E.U and is not subject to ESMA's new Forex and CFD trading restrictions. To find out more about these restrictions, please see this article |
| Currencies Swap | |||
|---|---|---|---|
| Short | Long |
Type
| |
| Swap Chart for EURUSD for different FX Brokers |
|---|
| Change Currency | ||||
|---|---|---|---|---|
| Volume | ||||
| AUDCAD | 169 | |||
| AUDCHF | 107 | |||
| AUDJPY | 198 | |||
| AUDNZD | 143 | |||
| AUDUSD | 46 | |||
| CADCHF | 23 | |||
| CADJPY | 82 | |||
| CHFJPY | 117 | |||
| EURAUD | 228 | |||
| EURCAD | 66 | |||
| EURCHF | 115 | |||
| EURGBP | 182 | |||
| EURJPY | 308 | |||
| EURNZD | 142 | |||
| EURUSD | 78 | |||
| GBPAUD | 82 | |||
| GBPCAD | 138 | |||
| GBPCHF | 69 | |||
| GBPJPY | 127 | |||
| GBPNZD | 99 | |||
| GBPUSD | 145 | |||
| NZDCAD | 175 | |||
| NZDCHF | 73 | |||
| NZDJPY | 213 | |||
| NZDUSD | 149 | |||
| USDCAD | 92 | |||
| USDCHF | 77 | |||
| USDJPY | 60 | |||
| XAUUSD | 130 | |||
| XAGUSD | 8 | |||
| BTCUSD | 176 | |||
| BCHUSD | 33 | |||
| ETHUSD | 101 | |||
| XRPUSD | 65 | |||
| LTCUSD | 10 | |||
| Volume Chart |
|---|
- Account Details
| Account Currencies | USD, EUR |
| Minimum Deposit | $5 |
| Traders from USA Allowed | No |
| Clients Funds Segregated | Yes |
| Interest on Margin | No |
| Islamic Accounts | Yes |
| Islamic Account Restrictions | 0 |
| ECN / STP Accounts Offered | Yes |
| Commission on STP or ECN | $6/Lot (cTrader ECN accounts) |
| VIP Accounts Offered | No |
| Mini Accounts Offered | Yes |
| PAMM / MAM Solutions | No |
| API Solutions | No |
| Mobile Trading | Yes |
| Web Based Trading | Yes |
| Funding Methods | Credit/Debit Cards, Wire Transfer, Skrill, Neteller, China UnionPay, Boleto bancario, FasaPay, Rapipago |
| Withdrawal Methods | Wire Transfer, Skrill, Neteller, China UnionPay, FasaPay |
- Platform Details
| Platforms Offered | MetaTrader 4, MetaTrader 4 Mobile, MetaTrader 4 iOS, MetaTrader 4 Android, MetaTrader 5, MetaTrader 5 iOS, MetaTrader 5 Android, cTrader |
| NO of Pairs | 43 |
| Pricing Digits | 5 |
| Trade off Charts | Yes |
| One-click Execution | Yes |
| Email Alerts | Yes |
| Mobile Alerts | No |
| MetaTrader Server Time | GMT + 2 |
| Demo Account Expiry | Non-Expiring |
| VPS Offered | No |
- Trading Details
| Dealing Desk | No |
| Maximum Leverage | 500:1 |
| Minimum Contract Size | 0.01 |
| Execution | Market Execution |
| Hedging | Yes |
| Scalping | Yes |
| Scalping Restrictions | No |
| Negative Balance Protection | Yes |
- Additonal Instruments
| CFD's | Yes |
| Metals | Yes |
| Oil | Yes |
| Indices | Yes |
- Currencies Swap
| Short | Long | Type  |
|
| AUDCAD | 0.00 | 0.00 | 0 |
| AUDCHF | 0.00 | 0.00 | 0 |
| AUDJPY | 0.00 | 0.00 | 0 |
| AUDNZD | 0.00 | 0.00 | 0 |
| AUDUSD | 0.00 | 0.00 | 0 |
| CADCHF | 0.00 | 0.00 | 0 |
| CADJPY | 0.00 | 0.00 | 0 |
| CHFJPY | 0.00 | 0.00 | 0 |
| EURAUD | 0.00 | 0.00 | 0 |
| EURCAD | 0.00 | 0.00 | 0 |
| EURCHF | 0.00 | 0.00 | 0 |
| EURGBP | 0.00 | 0.00 | 0 |
| EURJPY | 0.00 | 0.00 | 0 |
| EURNZD | 0.00 | 0.00 | 0 |
| EURUSD | 0.00 | 0.00 | 0 |
| GBPAUD | 0.00 | 0.00 | 0 |
| GBPCAD | 0.00 | 0.00 | 0 |
| GBPCHF | 0.00 | 0.00 | 0 |
| GBPJPY | 0.00 | 0.00 | 0 |
| GBPNZD | 0.00 | 0.00 | 0 |
| GBPUSD | 0.00 | 0.00 | 0 |
| NZDCAD | 0.00 | 0.00 | 0 |
| NZDCHF | 0.00 | 0.00 | 0 |
| NZDJPY | 0.00 | 0.00 | 0 |
| NZDUSD | 0.00 | 0.00 | 0 |
| USDCAD | 0.00 | 0.00 | 0 |
| USDCHF | 0.00 | 0.00 | 0 |
| USDJPY | 0.00 | 0.00 | 0 |
| XAUUSD | 0.00 | 0.00 | 0 |
| XAGUSD | 0.00 | 0.00 | 0 |
| BTCUSD | 0.00 | 0.00 | 0 |
| BCHUSD | 0.00 | 0.00 | 0 |
| ETHUSD | 0.00 | 0.00 | 0 |
| XRPUSD | 0.00 | 0.00 | 0 |
| LTCUSD | 0.00 | 0.00 | 0 | Compare Swap rates from other Brokers |
OctaFX Reviews
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Lucas
Country: Canada
Nov 25, 2015
My experience with octafx was positive as it comes to the execution time and spreads. They have amazing conditions here. However, I wasn't too happy about spreads changing from time to time. The support service told me it happens because of the liquidity providers and they personally can't do anything about it. I heard about this problem with the liquidity providers so I guess I can' really blame the broker. So all in all I'm happy that I've chosen this broker.
