OctaFX, registered in 2011, is an ECN / STP broker domiciled in Saint Vincent and the Grenadines. OctaFX was awarded by Global Banking and Finance Review as the fastest growing Micro Broker 2012 and Best Asia and Europe Broker 2013. They are regulated by IFSA (Saint Vincent and the Grenadines). OctaFX provides Forex brokerage services to its clients in more than 100 countries around the world.
Min. Security Deposit: $ 5
Lever: 1: 500
Languages: English, Bahasa Indonesia, Bhasa Melayu, Portuguese, Spanish, Chinese
Accounts and platforms
There are currently three types of trading accounts at OctaFX different. The Micro account requires a minimum deposit of $ 5 and offers 12 currency pairs plus gold and silver. The ECN account is suitable for experienced scalpers who need fast speed of execution with a low initial deposit of $ 50 and leverage ratio. 28 currency pairs are available as well as Gold and Silver.
The free account swap is available on Micro and ECN accounts and the commission is equal to the exchange value. Quotations 5 digits, a level of 15% Stop-Out, leverage up to 1: 500 and Call level of 25% margin are offered for all accounts
. A demo account is mentioned, but there are some details.
OctaFX uses the Meta Trader 4 Platform standards for faster execution, instant connectivity and advanced graphics options. Currently, they have four different platforms and they are all based Meta Trader. These are: Meta Trader 4 for PC, Meta Trader 4 for iOS, Meta Trader 4 for Android and Meta Trader 4 Mobile
.OctaFX MetaTrader 4
OctaFX uses small deviations from 0.2 pips for EUR / USD with STP / ECN trading in its Meta Trader based platforms. They also offer an attractive leverage ratio of 1: 500. They provide news reports, expert advisors and as well as market analysis and premiums from 10% to 50% on all deposits. There are no restrictions to scalping or covering.
OctaFX offers the best promotions in the industry. The OctaFX Champion has incredible prizes for the winners of their demo trading contest which involves the use of all possible trading techniques, including environmental assessments, scalping or coverage. A total monthly price of 1000 USD is encouraged.
Prize at the OctaFX King of the Road contest, a contest for the most profitable trades include a Panorama Porsche, travel for two to Nice, Italy, laptops and more.
When it comes to customer support, OctaFX offers its customers a high quality customer service. They provide 24/5 active customer support via Live Chat, Email and Phone. Their execution of trade is one of their best qualities.
Overall, OctaFX offers a whole FX trader might want and then some. Their promotions are exciting and lucrative and their commercial execution is fast and accurate.