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Octa Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.octafx.c..., the company's legitimate regulatory information CyprusCYSECMarket Maker (MM) to enhance the security of the company's address Foti Kolakidi 16, 1st Floor, Agia Zoni, 3031, Limassol, Cyprus

Octa Forex Broker

Basic Information

Registered Region
Cyprus
Operating Period
--
Company Name
Octa Markets LTD
Abbreviation
Octa
Company employee
--
Customer Service Email Address
support@octafx.com
Company Website
Company address
Foti Kolakidi 16, 1st Floor, Agia Zoni, 3031, Limassol, Cyprus
Keywords
5-10 years
Regulated in Cyprus
Market Maker (MM)
MT4 Full License
MT5 Full License
Global Business
High potential risk

Company Summary

Octa is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services already utilised by clients from 180 countries with more than 42 million trading accounts.At the moment, Octa offers over 300 trading instruments, including:CFDs on stocks: 150 (Apple, Google, Amazon, etc.)Forex currency pairs: 52 (EURUSD, GBPUSD, GBPJPY and other popular ones)Gold and silverEnergies: 3 (XBRUSD, XTIUSD, XNGUSD)Indices: 10 (US30, NAS100, SPX500, etc.)Cryptocurrencies: 34 (BTC, ETH, LTC, etc.)Spanning across the globe, Octa is subject to regulation by several authorities, reflecting the diverse regulatory landscape governing the activities conducted by Octa.Octa holds the following licenses:Octa Markets Cyprus Ltd. is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 372/18.Octa Markets Ltd. is authorised and regulated by the Mwali International Services Authority (MISA) with license number HY00623410, and international brokerage and clearing house license number: T2023320.Orinoco Capital (Pty) Ltd. holds a Financial Service Provider (FSP) license number 51913 from the Financial Sector Conduct Authority (FSCA) in South Africa.Octa offers three account types: MT4, MT5 and account on its own proprietary trading platform OctaTrader. The average spread for EURUSD is 0.7 pips for all accounts with no additional charges or hidden fees. All accounts are swap-free—there are no overnight fees for traders.OctaTrader platform elevates traders' experience by offering a one-stop solution with features like Space—a dynamic feed with real-time analysis, collaborative tools, and educational resources, all in one place. A library of webinars and tutorials ensures continuous learning for traders at all levels. Another unique tool is OctaVision, powered by AI, which acts as a digital mentor, providing personalised analysis of past trading actions and giving data-driven recommendations to help users refine their trading strategies.

Rating Index

VISA

Minimum Deposit
25.00 USD

MASTER

Minimum Deposit
50.00 EUR
How to login to Octa?
OctaFX Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a OctaFX Account Registering for an OctaFX account is a straightforward process that can be completed in just a few minutes. The following steps outline how to suc

  

OctaFX Broker - Complete Information Guide

  

1. Broker Overview

  OctaFX, officially known as Octa Markets Incorporated, was established in 2011. The broker's headquarters is located in Saint Vincent and the Grenadines, with a significant operational base in Cyprus through its subsidiary, Octa Markets Cyprus Ltd. The company is privately owned and is not publicly traded.

  Since its inception, OctaFX has focused on providing online trading services primarily to clients in the Asia-Pacific region, including countries like Indonesia, India, and Malaysia. Over the years, the broker has achieved significant milestones, including the expansion of its customer base to over 6.6 million traders globally and handling a daily trading volume exceeding $4 billion.

  In terms of its business model, OctaFX operates as a retail forex broker, catering to individual traders by offering a range of financial instruments, including forex, CFDs, and cryptocurrencies. The broker has positioned itself as a competitive player in the forex market, emphasizing low trading costs and user-friendly trading platforms.

  

2. Regulatory and Compliance Information

  OctaFX operates under multiple regulatory jurisdictions, ensuring a degree of security and compliance for its clients. The primary regulatory bodies overseeing OctaFX include:

  • Cyprus Securities and Exchange Commission (CySEC): License Number 372/18
  • Financial Sector Conduct Authority (FSCA) in South Africa: License Number 51913
  • Mwali International Services Authority (MISA): License Number HY00623410
  • Saint Vincent and the Grenadines Financial Services Authority (SVG FSA): License Number 19776

  These licenses allow OctaFX to provide trading services in accordance with local laws and regulations. The broker ensures client funds are held in segregated accounts, thereby protecting them from operational risks. Furthermore, OctaFX adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies to prevent illicit activities.

  

3. Trading Products and Services

  OctaFX offers a diverse array of trading products, catering to various trader preferences. The broker provides access to:

  • Forex Trading: Over 35 currency pairs, including major pairs like EUR/USD, GBP/USD, and USD/JPY.
  • CFDs: A wide range of CFDs on indices, commodities, and stocks, totaling over 150 instruments.
  • Cryptocurrencies: Trading options for popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.

  The broker frequently updates its product offerings to meet market demands, ensuring that clients have access to the latest financial instruments. While primarily focused on retail trading, OctaFX also provides services for institutional clients, although this segment is less emphasized.

  

4. Trading Platforms and Technology

  OctaFX supports several trading platforms, primarily focusing on the widely-used MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The broker also offers its proprietary Octa Trader platform, designed to enhance user experience with real-time market data and advanced charting tools.

  • MetaTrader 4: Known for its user-friendly interface and extensive features, including automated trading capabilities through Expert Advisors (EAs).
  • MetaTrader 5: An upgraded version of MT4, offering additional functionalities such as more timeframes and advanced order types.
  • Octa Trader: A web-based platform that provides a seamless trading experience without the need for software installation.

  The broker's servers are strategically located to ensure fast execution speeds, with over 97% of orders executed without slippage. Additionally, OctaFX offers API access for automated trading solutions, catering to algorithmic traders.

  

5. Account Types and Trading Conditions

  OctaFX offers several account types tailored to different trading needs:

  • Standard Account (MT4/MT5): Minimum deposit of $25 with variable spreads starting from 0.6 pips and no commissions.
  • Pro Account (MT5): Requires a minimum deposit of $500, offering tighter spreads and advanced trading tools.
  • cTrader ECN Account: Ideal for professional traders, this account type requires a minimum deposit of $100 and charges commissions based on trading volume.

  All accounts support a minimum trade size of 0.01 lots, and the broker provides Islamic swap-free accounts for clients adhering to Shariah law. Leverage options vary, with a maximum of 1:1000 for forex trading, depending on the account type.

  

6. Funds Management

  OctaFX offers a variety of deposit and withdrawal methods, including:

  • Deposit Methods: Visa, Mastercard, Skrill, Neteller, and bank transfers. The minimum deposit requirement is $25, although it may vary based on the account type.
  • Withdrawal Methods: Similar to deposit methods, with no internal fees charged by the broker. However, third-party processing fees may apply.

  Deposits are typically processed instantly, while withdrawals are completed within 1-3 hours, depending on the payment method used. OctaFX does not charge any fees for deposits or withdrawals, enhancing its attractiveness as a low-cost broker.

  

7. Customer Support and Educational Resources

  OctaFX provides robust customer support, available 24/7 through various channels, including:

  • Live Chat
  • Email Support
  • Social Media Platforms

  The support team is multilingual, catering to a diverse client base. Additionally, OctaFX offers a range of educational resources, including webinars, video tutorials, and a comprehensive FAQ section to assist traders in developing their skills.

  The broker also provides market analysis services, including daily updates and insights, helping traders make informed decisions.

  

8. Regional Coverage and Restrictions

  OctaFX primarily serves clients in the Asia-Pacific region, with a strong presence in Indonesia, India, and Malaysia. The broker has regional offices in Jakarta and Cyprus, enhancing its service capabilities.

  However, OctaFX does not accept clients from several countries, including the United States, Canada, the United Kingdom, and certain other jurisdictions. This limitation may affect potential clients seeking to trade with the broker.

  In conclusion, OctaFX is a well-established broker with a solid reputation in the forex trading community. With its competitive trading conditions, diverse product offerings, and strong regulatory oversight, it presents a viable option for traders looking to navigate the financial markets. Whether you are a beginner or an experienced trader, OctaFX provides the tools and resources necessary to succeed in the dynamic world of forex trading.

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Latest Reviews

GardaSaragih

GardaSaragih

Indonesia

This has been really nice and I like how I easily can work with this broker and not feel overwhelmed. :-) The support has been helpful for the few times I reached out to them.

Positive

07-16

Ka_small44

Ka_small44

Malaysia

Octa buys with its transparency and affordability of forex trading. But still I can’t call their spreads the lowest I’ve seen. For example, attached picture from the Asian session I usually trade. 1 pip seems a good deal still expected it lower IDK Still a suitable choice for me. Good platform, fast withdrawal approvals by email, I like my experience here anyway Just opinion

Positive

07-12

AhmadSaputra

AhmadSaputra

Indonesia

Really one of the best brokers when it concerns costs of trading Basically, only spreads which are lower than market average My theme was swaps, precisely lack of swaps allowing me to trade in swing style for almost free paying small amount for spreads😉 But what about being versatile?! For swing traders is safe heaven but for scalpers… Major problem, no zero spreads accounts. I wanted to expand my strategies there!

Positive

07-05

Octa Forex Broker has an overall rating of 6.24, Regulatory Index 6.67, License Index 6.32, Business Index 7.33, Software Index 9.99 Risk Control Index 0.00.