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Overall, OctaFX can be summarized as a trustworthy and worthwhile broker with a solid trust score of 90 out 99. OctaFX offers world-class online support and educational material. OctaFX developed an easy-to-use copy trading platform.
85-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money.
Overall, OctaFX can be summarized as a trustworthy and worthwhile broker with a solid trust score of 97 out 99. OctaFX offers world-class online support and educational material. OctaFX developed an easy-to-use copy trading platform.
OctaFX is one of the top brokers in the financial market with the Overall Score of 9.6 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by OctaFX clients on our website, Forex Broker Inspect believe that we can recommend this company because the majority of reviews prove that the broker’s clients are fully satisfied with the company. OctaFX ranks high among the 270+ companies featured in the Forex Broker Inspect Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
Broker’s Name
OctaFX
Overall Rating
4.8/5
Year Founded
2011
Headquartered
Saint Vincent and The Grenadines
Countries not accepted for trade
The United States of America
Regulators
FSA (SVG)
Islamic account (swap-free)
Yes
Institutional Accounts
No
Maximum Leverage
1:500
Minimum Deposit
$5
Bonus Types
50% Deposit Bonus
Demo Account
Yes
Account Activation Time
Less Than 24 Hours
Trading Platform
MT4, MT5
Total Pairs
80
Crypto
Yes
Islamic Account
Yes
Trading Fees
Low
Deposit Options
Withdrawal Options
Tradable assets offered
Forex Currency Pairs, Index CFDs, Commodities, Cryptocurrencies.
Base Currency
USD/EUR
Customer Service Hours
24/5
Good for Beginners
Good for Experts
Copy Trading
Bonuses
Regulations and Safety
Low Spread
Low Commissions
Negative Balance
Protection
$10 Minimum
Deposit
Unlimited
Leverage
Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. It is important that you do not trade any money that you can’t afford to lose because regardless of how much research you have done, or how confident you are in your trade, there will always be a risk of loss.
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