Octa Review 182
OctaTrader... REAL MIRACLE! It's advanced and it doesn't concede to the MetaTrader. These guys managed to devise a good platform packed with instruments and with a quick response.
I opened a sell USDJPY position on OctaFX to hedge import costs. Despite generating a profit for 15615 USD, OctaFX accused me of arbitrage and seized my funds. I provided ample evidence to prove that my hedging was legitimate, and multiple OctaFX agents confirmed this. However, OctaFX's compliance department insisted otherwise. I tried filing a complaint with CySEC, but they responded that OctaFX is no longer regulated by them. I urge other traders to be cautious when using swap-free accounts, as there's a risk of your profits being unfairly seized.OctaFX's actions were unjustified and have damaged my trust in the company.
I decided to join Octa because they are quite trustworthy and prominent broker in the trading circles. They were even awarded as “ the best global broker Asia 2022” and I think it is not surprising why they have millions of customers from different countries. The trading conditions are also great and I have no issues with them!
Trading on the octa platform is very easy, most especially because of the spaces... payments too are really easy to complete. There are local payment methods available, so it is even possible to transfer funds with your phone. Using spaces, you can also follow channels that share information about different instruments, just like the image.
This broker provides unique opportunity to combine CFD trading with trading without leverage. Do I like it? Yes! Does it have risks? Yes...
I know many traders, especially beginners, struggle to find a working trading strategy, but I have great news for them. Octa provides ready-made and working trading strategies. All you need to do is explore them thoroughly and find one that aligns with your trading style. I recommend the one with Boinger bands and RSI. It worked out for me.
OctaTrader, which I use, is dope,there's a real battle between it and MT 🤪
Recently I found out that trading during economic releases causes severe slippage. I understand that news releases can cause slippage but not this much! In the first pic attached, I placed my sell stop order at 161.620. But it was filled at close to 161.385. That was a 23 pip difference! In the second pic attached, I placed my buy stop at 0.90110. But it was filled 0.90274. That was a 16 pip difference!
