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OctaFX Review
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OctaFX Review
The recipient of numerous industry awards for its stellar online trading services and platforms, OctaFX has been providing clients with a wide range of trading options with low initial deposits since it was launched in 2011. OctaFX is an umbrella brand used by two independent broker entities.To get more news about octafx review, you can visit wikifx.com official website.
Octa Markets Cyprus Ltd is an investment firm registered in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC) using the domain OctaFX.eu. This enables users to trade with a broker under European regulatory oversight with enhanced levels of safeguards.
The OctaFX.com website is registered under Octa Markets Incorporated established in St. Vincent and the Grenadines which permits its clients to take advantage of higher leverage and bonus promotions. Based in St. Vincent and the Grenadines, OctaFX currently accepts clients from 185 countries.OctaFX.com stands out for its accessibility and excellent spreads. At just $50, the minimum deposit required to open an OctaFX account is among the lowest in the industry. With a low minimum requirement like this, you may be expecting less-than-ideal spreads, but that isn’t the case. OctaFX offers tight spreads on almost all of its currency trading pairs – even on exotic pairs. The three platform types offered by OctaFX – MetaTrader 4, MetaTrader 5, and cTrader – offer a range of features which we’ll cover below in more detail. All three account types are also available as Islamic accounts that are fully Shariah-compliant. There is also a demo account which gives traders the opportunity to test out the OctaFX platform before they commit to a trading account.
Who Is OctaFX Recommended For?
With low opening balance requirements and narrow spreads, OctaFX is ideal for investors who are seeking an affordable way to start trading a wide variety of assets. While the platform is largely geared toward forex, the additional asset classes - including US, UK, and Japanese equities - provide excellent opportunities to diversify your investment portfolio all in one place.OctaFX’s cryptocurrency trading feature will be of particular interest to investors in 2020. As crypto moves more firmly into the mainstream, investors are increasingly using the likes of Bitcoin, Litecoin, Ripple, Bitcoin Cash, and Ethereum to both fund their trading accounts and as investments in their own right. The absence of fees and commissions is a huge incentive for traders to do what they love to do: trade. This active trading approach is further encouraged by OctaFX’s monthly prizes and referral program which encourages a fun, competitive spirit between fellow platform users. Copy trading, which allows traders to copy the patterns of OctaFX’s most successful users, is another strong feature.
Top OctaFX Features
Range of Account Types: Benefit from three account types designed to cater to different trader types and experience levels with the support of Metatrader4, and Metatrader5. This range of accounts and platform adds to the uniqueness of OctaFX’s offering.
Cryptocurrency-Friendly Platform: Between accepting cryptocurrencies as a funding source and the Bitcoin, Ethereum, Ripple and 27 more cryptos trading functionality that it offers traders, OctaFX clients can start trading cryptocurrency pairs with as little as $100 and leverage of up to 1:25.
Highly Competitive Spreads: Enjoy a number of currency pairs available to trade and the inclusion of precious metals - all at an affordable cost per trade with market execution in under 0.1 second.
Follow Top Notch Traders: With Copy trading support available on all account types, all a trader needs to do is log in, select a top trader to copy, and with the click of a button they can replicate the same strategy.
Ample Market Resources: The website provides comprehensive investor education resources along with trading signals, charting tools, and investment articles and webinars that are regularly updated.