OctaFX Review 2021
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| OctaFX offers multi-asset trading on a range of platforms and mobile solutions. | ||
OctaFX is a multiple award-winning broker that offers traders Forex, CFDs, indices, commodities, cryptocurrencies. With OctaFX traders can use both the MetaTrader4 and MetaTrader5 platforms.
OctaFX also gives traders access to 3 cryptocurrencies: BTC, LTC and ETH.
OctaFX is regulated, but not by the FCA here in the UK. While this is not necessarily an issue, very careful traders might want the extra safety of using an FCA-regulated broker.
OctaFX Summary
OctaFX offers multi-asset trading on a range of platforms and mobile solutions.
Ratings
| Bonus | None |
|---|---|
| Instruments | Forex, CFDs, indices, commodities, cryptocurrencies |
| Demo Account | ✓ |
| Min. Deposit | $100 |
| Min. Trade | 0.01 lots |
| Regulated By | CySEC |
| MetaTrader 4 | ✓ |
| MetaTrader 5 | ✓ |
| cTrader | ✓ |
| DMA Account | ✗ |
| ECN Account | ✓ |
| Mobile Apps | ✓ |
| Auto Trading | ✓ |
| Trade Signals | ✓ |
| Social Trading | ✓ |
| Copy Trading | ✓ |
| Islamic Account | ✓ |
CFD Trading
Trade on the financial markets with CFDs.
| Leverage | 1:30 (EU), 1:500 (Non-EU) |
|---|---|
| FTSE Spread | 1.8 |
| GBPUSD Spread | 1.1 |
| Oil Spread | 1.1 |
| Stocks Spread | Variable |
Forex Trading
OctaFX offers leveraged trading on currencies.
| GBPUSD Spread | 1.1 |
|---|---|
| EURUSD Spread | 0.7 |
| EURGBP Spread | 2.1 |
| Assets | 28 |
Cryptocurrency Trading
Trade popular digital currencies at OctaFX.
| Spread | Variable |
|---|---|
| Coins | BTC, LTC, ETH |
Payment Methods
OctaFX accepts the following payment methods:
- Perfect Money
- WorldPay
- Western Union
- MoneyGram
- Paysafecard
- Credit Card
Awards
OctaFX is a multiple award-winning broker, with 8 awards received so far.
- Best ECN/STP Broker 2019 - FXDaily Info
- Best Forex Broker Asia 2019 - FXDaily Info
- Best Forex Broker Asia 2018 - Global Banking & Finance Review
- Best FX Broker 2018 - European CEO Magazine
- Best Trading Conditions 2018 - European CEO Magazine
- Best Copy Trading Platform 2018 - Forex-Awards.com
- Best Forex ECN Broker 2017 - UK Finance Awards
- Best Trading Conditions 2016 - Forex Report Magazine
FAQ
Is OctaFX Safe?
Yes, most likely, as we gave OctaFX a trust score of 50% in this review. The main negative factor in this score is that OctaFX is not FCA regulated. However, very careful traders might want to find an alternative in our top list of UK brokers.
Does OctaFX Accept PayPal?
No, OctaFX does not accept PayPal payments.
Is OctaFX Halal?
Yes, OctaFX does offer an Islamic trading account and should thus be Halal to trade with.
What trading platforms does OctaFX support?
With OctaFX you can trade on 3 different platforms: MetaTrader 4, MetaTrader 5 and cTrader.
Is OctaFX Regulated?
Yes, OctaFX is regulated by CySEC.
The fact that OctaFX is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for options.
OctaFX vs Other Brokers
If you want to compare OctaFX with other brokers, use the detailed comparisons below.
- OctaFX vs FXOpen
- ProfitiX vs OctaFX
- Spectre.ai vs OctaFX
- TP Global FX vs OctaFX
- XGlobal Markets vs OctaFX
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| OctaFX offers multi-asset trading on a range of platforms and mobile solutions. | ||