OCTAFX Forex Broker

OCTAFXReview SummaryFounded2-5 yearsRegistered Country/RegionChinaRegulationUnregulatedMarket InstrumentsCurrency pairs, Commodities, Indices, Stocks, and SharesDemo Account✔LeverageUp to 1:1000SpreadFrom 0.6 pipsTrading PlatformMT4/MT5(Web, Android, Windows, macOS)/Octa Trader(Web, Android, iOS)Min Deposit$25Customer SupportSocial Media: Facebook, Twitter, Instagram, YouTubeOCTAFX Information OCTAFX is a broker. The tradable instruments, with three account types with a maximum leverage of 1:1000, such as Octa Trader, MetaTrader 5, and MetaTrader, include currency pairs, commodities, indices, stocks, and shares. The minimum spread is from 0.6 pipsand the minimum deposit is $25. OCTAFX is still risky due to its unregulated status and high leverage.Pros and ConsPros Cons Leverage up to 1:1000UnregulatedSpread from 0.6 pipsNo phone calls or online chatDemo account availableMT4/MT5 available24/7 customer supportIs OCTAFX Legit? OCTAFX is not regulated, which makes it less safe than regulated brokers.What Can I Trade on OCTAFX? Traders can choose different investment directions because the broker provides currency pairs, commodities, indices, stocks, and shares.Tradable Instruments Supported Currency pairs✔Commodities✔Indices✔Stocks✔Shares✔Shares❌ETFs❌Bonds❌Mutual Funds❌Account Type Traders open an account with the same minimum deposit for Octa Trader, MetaTrader 5, or MetaTrader. Traders who want more instruments can choose a MetaTrader 5 account.Account Type OctaTraderMetaTrader 5MetaTrader Spread from0.6 pips0.6 pips0.6 pipsTrading commission$0$0$0No deposit or withdrawal feeYesYesYesMini. deposit$25$25$25Instruments8027780OCTAFX Fees NO commission and swaps and the spread starts from 0.6 pips.Leverage The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.Trading Platform OCTAFX provides Octa Trader, a build-in platform, for Web, Android, and iOS, along with an authoritative MT4/MT5 trading platform for Web, Android, Windows, and macOS versions.Trading PlatformSupported Available Devices MT4✔Web, Android, Windows, macOSMT5✔Web, Android, Windows, macOSOcta Trader✔Web, Android, iOSDeposit and Withdrawal The minimum deposit is $25. OCTAFX offers multiple deposit and withdrawal methods, including Visa, Mastercard, local banks, skrill, Neteller, Bitcoin, Ethereum, and many more. Withdrawals usually take no longer than 3 hours.Customer Support Options OCTAFX provides 24/7 customer support, and traders can learn via social media, such as Facebook, Twitter, Instagram, YouTube, and more.Contact Options DetailsSocial Media Facebook, Twitter, Instagram, YouTubeSupported Language EnglishWebsite Language EnglishPhysical Address Not mentioned