OctaFX Review 2021

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. Traders that like the MetaTrader platforms can choose between both the MetaTrader4 and MetaTrader5 platforms at OctaFX.

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

50%
Trust
66%
Instruments
100%
Features
BonusNone
InstrumentsForex, CFDs, indices, commodities, cryptocurrencies
Demo Account
Min. Deposit$100
Min. Trade0.01 lots
Regulated ByCySEC
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.

Leverage1:30 (EU), 1:500 (Non-EU)
FTSE Spread1.8
GBPUSD Spread1.1
Oil Spread1.1
Stocks SpreadVariable

Forex Trading

OctaFX offers leveraged trading on currencies.

GBPUSD Spread1.1
EURUSD Spread0.7
EURGBP Spread2.1
Assets28

Cryptocurrency Trading

Trade popular digital currencies at OctaFX.

SpreadVariable
CoinsBTC, 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
Risk Warning – Your capital is at risk

FAQ

Is OctaFX Safe?

Yes, most likely, as we gave OctaFX a trust score of 50% in our 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
OctaFX offers multi-asset trading on a range of platforms and mobile solutions.