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Octa Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.octa.co...., the company's legitimate regulatory information IndonesiaBAPPEBTIRetail Forex License to enhance the security of the company's address Millennium Centennial Center, lantai 37 C-H, Jl. Jenderal Sudirman No.Kav. 25, Kuningan, Karet, Kecamatan Setiabudi, Kota Jakarta Selatan, Daerah Khusus Ibukota Jakarta 12920

Octa Forex Broker

Basic Information

Registered Region
Indonesia
Operating Period
--
Company Name
PT Octa Investama Berjangka
Abbreviation
Octa
Company employee
--
Customer Service Email Address
support@octa.co.id
Contact Number
+622139708801
Company Website
Company address
Millennium Centennial Center, lantai 37 C-H, Jl. Jenderal Sudirman No.Kav. 25, Kuningan, Karet, Kecamatan Setiabudi, Kota Jakarta Selatan, Daerah Khusus Ibukota Jakarta 12920
Keywords
2-5 years
Regulated in Indonesia
Retail Forex License
Suspicious Scope of Business

Company profile

Octa Review SummaryFounded2022-09-22Registered Country/RegionIndonesiaRegulationRegulatedMarket InstrumentsForex, Commodities, Stocks index, and MetalsDemo Account/LeverageUp to 1:100SpreadFrom 0.9 pipsTrading PlatformMT5Min Deposit100 US dollarsCustomer Support+62 (21) 39708801+62 811-1050-0202 (WhatsApp)support@octa.co.idFacebook, Instagram, YouTube, TwitterMillennium Centennial Center Lt.37 C-H Jl. Jenderal Sudirman Kav.25, Setiabudi, Jakarta Selatan, DKI Jakarta 12940 IndonesiaOcta Information Octa Investama Berjangka is a legitimate trading platform licensed by the Commodity Futures Trading Regulatory Agency (BAPPEBTI) of Indonesia and has been in operation since 2012. It offers a wide range of trading products, such as foreign exchange, metals, stock indices, etc. Relying on the MetaTrader 5 platform, it can achieve fast trade execution and professional analysis. The spread can be as low as 0.9 pips, and the leverage can be as high as 1:100. However, commodity futures trading carries a relatively high risk, and the Expert Advisors system is not supported.Pros and ConsPros Cons RegulatedHigh risk (for commodity futures)Multiple trading instrumentsDoes not support Expert AdvisorsMetaTrader 5 availableFloating spread as low as 0.9 pipsLeverage up to 1:100Is Octa Legit? Octa Investama Berjangka is a legal and compliant trading platform. It has obtained a license from BAPPEBTI (License number: 54/BAPPEBTI/SI/05/2013) since 2012, and investors can trade on this platform with confidence.What Can I Trade in Octa? On the Octa platform, investors can conduct a wide variety of transactions, covering global forex trading, metal trading, stock index trading, and commodity trading. The specific trading underlying assets include 27 currency pairs, 2 precious metals, 5 indices, etc.Tradable Instruments Supported Forex✔Commodities✔Stocks index✔Metals✔Shares❌ETFs❌Bonds❌Mutual Funds❌Octa Fees Octa offers floating spreads, with a minimum of 0.9 pips. When investors trade, a fee of 1 US dollar per lot is charged upon opening a position.Leverage The maximum leverage ratio provided by the Octa platform is 1:100, enabling investors to use leverage to amplify their trading capital.Trading Platform The MetaTrader 5 trading platform is adopted, which is equipped with complete analysis tools and is suitable for investors with different trading levels.Deposit and WithdrawalProjectMinimum AmountMaximum AmountDeposit100 US dollars100,000 US dollarsWithdrawal5 US dollars100,000 US dollarsBonus The Octa platform has launched attractive bonuses and promotional activities. For example, there are deposit bonuses. Investors can receive corresponding bonus rewards after meeting certain deposit conditions, which, to a certain extent, increases investors' profit opportunities and trading enthusiasm.

Rating Index

How to login to Octa?
octa Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a octa Account Creating an account with octa is a straightforward process that allows you to access the trading platform and start your trading journey. Below are th

  

Octa Forex Broker - Complete Information Guide

  

1. Broker Overview

  Octa, formerly known as OctaFX, was established in 2011 and has since become a prominent player in the online trading industry. Headquartered in Saint Vincent and the Grenadines, the company operates under various regulatory frameworks, including the Cyprus Securities and Exchange Commission (CySEC) and the Financial Sector Conduct Authority (FSCA) in South Africa. As a privately held entity, Octa focuses on providing retail forex trading services, catering to a diverse clientele across 180 countries, with a significant presence in regions such as Southeast Asia and Africa.

  Over the years, Octa has achieved several important milestones, including the launch of its proprietary trading platform, the Octa Trader, and the introduction of innovative features such as copy trading and advanced market analysis tools. The broker has amassed over 21 million trading accounts, reflecting its popularity and reliability in the forex market. As part of its commitment to enhancing user experience, Octa also emphasizes educational resources and customer support, making it an attractive option for both novice and experienced traders.

  The business model of Octa is primarily focused on providing retail forex and CFD trading services, allowing clients to trade a variety of financial instruments, including currency pairs, commodities, indices, and cryptocurrencies. This extensive range of offerings positions Octa as a versatile broker capable of meeting the diverse needs of its trading community.

  

2. Regulation and Compliance Information

  Octa operates under a robust regulatory framework, holding licenses from several reputable authorities. The primary regulatory bodies include:

  • Cyprus Securities and Exchange Commission (CySEC) - License Number: 372/18
  • Financial Sector Conduct Authority (FSCA) - License Number: 51913
  • Mwali International Services Authority (MISA) - License Number: HY00623410

  These regulatory licenses ensure that Octa adheres to stringent financial standards and operational guidelines, promoting transparency and integrity in its trading practices. The CySEC regulation, in particular, provides clients with additional protections, including negative balance protection and access to the Investor Compensation Fund (ICF), which covers up to €20,000 in case of insolvency.

  Octa's commitment to client safety is further demonstrated through its segregated accounts policy, which ensures that client funds are kept separate from the company's operational funds. This practice protects client money in the event of unforeseen company issues. Additionally, Octa complies with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations to prevent financial crimes, ensuring a secure trading environment for its clients.

  

3. Trading Products and Services

  Octa offers a wide range of trading products, primarily focusing on forex and CFDs. The broker provides access to:

  • Currency Pairs: Over 52 currency pairs, including major, minor, and some exotic pairs.
  • CFDs on Commodities: Trading in precious metals such as gold and silver, as well as energy products.
  • Indices: Access to major global indices for diversified trading opportunities.
  • Cryptocurrencies: A selection of 34 cryptocurrency CFDs, allowing traders to speculate on popular digital assets like Bitcoin and Ethereum.

  While Octa has made strides in expanding its product offerings, it currently does not provide trading in stocks, ETFs, futures, or bonds. The broker frequently updates its product lineup to meet market demands, ensuring that traders have access to a diverse range of instruments.

  In addition to retail trading services, Octa also offers features tailored for institutional clients, such as white-label solutions and asset management services. This versatility allows Octa to cater to both individual traders and larger financial entities.

  

4. Trading Platforms and Technology

  Octa provides its clients with multiple trading platforms, including the widely recognized MetaTrader 4 (MT4) and MetaTrader 5 (MT5), as well as its proprietary platform, Octa Trader.

  • MetaTrader 4: Known for its user-friendly interface, MT4 supports algorithmic trading through Expert Advisors (EAs) and offers a range of technical analysis tools, making it suitable for both novice and experienced traders.
  • MetaTrader 5: This advanced platform includes additional features such as an economic calendar, more technical indicators, and improved charting capabilities. MT5 is ideal for traders looking for sophisticated trading tools and enhanced market analysis.
  • Octa Trader: A web-based platform designed for ease of use, Octa Trader incorporates features like one-click trading, real-time market analysis, and customizable alerts. It is particularly popular among beginners due to its intuitive design.

  All platforms are accessible across desktop and mobile devices, ensuring that traders can manage their accounts and execute trades on the go. Octa also supports automated trading and API access for traders interested in algorithmic strategies.

  

5. Account Types and Trading Conditions

  Octa offers three primary account types, each designed to meet different trading needs:

  • Micro Account (MT4): Requires a minimum deposit of $25, with floating spreads starting from 0.6 pips. This account is suitable for beginners looking to start trading with a small investment.
  • Pro Account (MT5): Designed for more experienced traders, this account type requires a minimum deposit of $500 and offers tighter spreads, advanced trading tools, and the ability to trade larger volumes.
  • Octa Trader Account: This account type provides access to the proprietary Octa Trader platform, with similar trading conditions as the Micro and Pro accounts.

  All accounts are swap-free, catering to traders who wish to avoid overnight fees. The leverage offered by Octa varies depending on the account type and regulatory entity, with a maximum leverage of 1:1000 for forex trading in certain jurisdictions.

  

6. Funds Management

  Octa supports a variety of deposit and withdrawal methods, ensuring that clients can easily manage their funds. The available options include:

  • Deposit Methods: Bank wire transfers, credit/debit cards, e-wallets (such as Skrill and Neteller), and cryptocurrencies (including Bitcoin and Ethereum). The minimum deposit requirement is $25, with no fees charged for deposits.
  • Withdrawal Methods: Similar to deposit options, withdrawals can be processed through bank wires, credit cards, e-wallets, and cryptocurrencies. Octa does not impose withdrawal fees, making it cost-effective for traders. The processing time for withdrawals typically ranges from 1 to 3 hours, depending on the method used.

  Overall, Octa has streamlined its funds management process, allowing for quick and efficient transactions without hidden fees, which enhances the trading experience for its clients.

  

7. Customer Support and Educational Resources

  Octa offers robust customer support available 24/7 through multiple channels, including live chat, email, and social media. The support team is multilingual and can assist clients in various languages, including English, Urdu, Hindi, and Indonesian.

  In addition to responsive customer service, Octa provides a wealth of educational resources aimed at helping traders improve their skills. These resources include:

  • Webinars: Regularly hosted sessions covering various trading topics, strategies, and market analysis.
  • Tutorials: Detailed guides and video content on using the trading platforms and understanding market dynamics.
  • Market Analysis: Daily insights and research reports generated by in-house analysts to keep traders informed about market trends and opportunities.

  By offering comprehensive educational materials, Octa empowers traders to enhance their knowledge and trading strategies, contributing to their overall success in the market.

  

8. Regional Coverage and Restrictions

  Octa serves a global market, with clients from over 180 countries. However, there are specific regions from which it does not accept clients, including:

  • United States
  • Ukraine
  • Russia
  • Kazakhstan
  • Belarus

  The broker operates through various regional entities, ensuring compliance with local regulations. While Octa has a strong presence in Asia, South Africa, and other regions, it does not cater to clients in certain jurisdictions due to regulatory restrictions.

  In conclusion, Octa is a well-established broker that provides a comprehensive trading experience for both novice and experienced traders. With its competitive trading conditions, wide range of instruments, and strong educational support, Octa continues to be a popular choice in the online trading community. As always, potential clients should conduct their own research to ensure that Octa aligns with their trading needs and objectives.

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Latest Reviews

FX1703072597

FX1703072597

Nigeria

Octa fx is a flexible broker and I recommend it to all traders willing to grow their income.

Positive

03-13

No deifiques una basura

No deifiques una basura

United Kingdom

OctaFX is a reputable forex broker based in Indonesia, offering a wide range of trading products and competitive trading conditions. However, it is important to note that their services are only available in non-English languages, which may be a limitation for some traders. In terms of trading conditions, OctaFX provides a stable trading platform with low spreads and fast execution times. However, some users have reported instances of slippage during volatile market conditions...

Positive

2023-04-04

Octa Forex Broker has an overall rating of 5.62, Regulatory Index 4.94, License Index 5.08, Business Index 5.97, Software Index 4.44 Risk Control Index 9.41.