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OctaFX Reviews and User Ratings

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OctaFX Special Bonus


Special Deposit Bonus

Receive 10% to 50% bonus of your deposit!

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OctaFX General Information


Broker Name
OctaFX
Established
2011
Country
Saint Vincent and Grenadines
Min Deposit
$5
Max Leverage
1:500
Regulation
No Regulation
Email
support@octafx.com
Telephone
+17844574224
Fax
-
Website Language
English, Chinese, Spanish, Malay, Portuguese, Indonesian
Support Methods
Email
Telephone
Live Chat
Skype
24/7 Support
Deposit Options
Credit Cards, Debit Cards, Wire Transfer, Bank Transfer, Skrill, Neteller, FasaPay, China Union Pay
Withdraw Options
Wire Transfer, Bank Transfer, Skrill, Neteller, FasaPay, China Union Pay

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Description


OctaFX Background

Octa FX was registered in 2011. This ECN/STP broker provides Forex services to its clients in over 100 countries around the world. Based in Saint Vincent and the Grenadines, OctaFX was awarded the Global Banking and Finance Review titles of Fastest Growing Micro Broker 2012 and Best Asia and Europe Broker 2013. They’ve received four other industry standard awards between 2012 and 2014.  The awards and rapid growth of this broker are in no small part attributable to the high quality services the broker provides. Making trading easy and convenient is the prime focus at OctaFX, so they keep their account types limited to two: Micro and ECN. The Micro offers 12 currency pairs besides Gold and Silver, while ECN has 28.  The company supplies the standard educational services, including market news, research, and a convenient economic calendar, but spends most of its time working on keeping spreads tight.

Features of OctaFX

OctaFX uses the ever popular MT4 platform because of its fast execution, instant connectivity and advanced charting options. A mobile version is available as well as the Mac and PC versions. OctaFX offers high quality customer service. The customer representatives are located in Jakarta, Indonesia and are exceptionally professional. Support is provided “24X5” every business day via Live Chat, Email and telephone.The company has an open policy for suggestions and feedback, which they appear to take seriously and utilize for consistent improvements.

Conclusion

Though still relatively new, based on industry awards and favorable testimonials, OctaFX looks like a standout company and a solid bet for any trader. They offer an opportunity for long-term successful trading which would make OctaFX a good home for professionals worried about execution and tight spreads to increase profits.

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Features and Trading Instruments


Features
Hedging
Scalping
Margin Interest Rate
Trailing Stop
Web Based Trading
Pending Orders
One Click Execution
Mobile Trading
US Traders
Automated Trading
Islamic Account
Swaps
Segregated account
Affiliate Program
Trading Contest
PAMM
Trading Instruments
Oil
Gold
Metal
Indices
ETFs
CFDs
Stocks
Commodities
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Pros


PROS:
  • Overall, it’s hard to find a negative to anything OctaFx does.
  • They offer their clients fast trade execution, exceptional customer service and some of the best contests and promotions in the industry.
  • Traders get low spreads, true ECN offset and real-time market execution.
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Account Type


  • Minimum Account Size: $5
  • Spread: Low/ Fixed
  • Trading Instruments: Forex
  • Trading Platforms: MT4, Mobile Trader,Web Trader, cTrader
  • Margin Call Level: 25%
  • Stop-Out Level: 15%

  • Minimum Account Size: $50
  • Spread: Low/ Fixed
  • Trading Instruments: Forex
  • Trading Platforms: MT4, Mobile Trader,Web Trader, cTrader
  • Margin Call Level: 25%
  • Stop-Out Level: 15%

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OctaFX Review Score


OctaFX Reviews and User Ratings
7.1 Total Score
6 reviews
Add your review
Web Design
7.5
Reliability
6.8
Platform
7.1
Customer Support
7.3
Withdrawal
7.1
Broker Name
OctaFX
Established
2011
Country
Saint Vincent and Grenadines
Min Deposit
$5
Max Leverage
1:500
Regulation
No Regulation
Email
support@octafx.com
Telephone
+17844574224
Fax
-
Website Language
English, Chinese, Spanish, Malay, Portuguese, Indonesian
Support Methods
Email
Telephone
Live Chat
Skype
24/7 Support
Deposit Options
Credit Cards, Debit Cards, Wire Transfer, Bank Transfer, Skrill, Neteller, FasaPay, China Union Pay
Withdraw Options
Wire Transfer, Bank Transfer, Skrill, Neteller, FasaPay, China Union Pay
Features
Hedging
Scalping
Margin Interest Rate
Trailing Stop
Web Based Trading
Pending Orders
One Click Execution
Mobile Trading
US Traders
Automated Trading
Islamic Account
Swaps
Segregated account
Affiliate Program
Trading Contest
PAMM
Trading Instruments
Oil
Gold
Metal
Indices
ETFs
CFDs
Stocks
Commodities
OctaFX Reviews and User Ratings
7.1 Total Score
6 reviews
Add your review
Web Design
7.5
Reliability
6.8
Platform
7.1
Customer Support
7.3
Withdrawal
7.1

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6 Comments
Show all Most Helpful Highest Rating Lowest Rating Add your review
  1. Reply
    iGalaxy9
    June 14, 2016 at 12:48 pm
    4.7
    Web Design
    90
    Reliability
    100
    Platform
    90
    Customer Support
    100
    Withdrawal
    90

    Personally, I’ve been searching far and wide for a reliable broker based in South East Asia, mainly because I distrust westerners and that if I get scammed I can easily run after them. I fell in love in OctaFX, the moment I laid eyes on it. Amazing regional customer support in Mandarin and Indonesian, stable and reliable trading platform, a demo account for beginners; OctaFX just had everything I was looking for.

    Helpful(0) Unhelpful(0)You have already voted this
  2. Reply
    Johnny Real
    September 11, 2015 at 5:15 pm
    3.8
    Web Design
    80
    Reliability
    70
    Platform
    70
    Customer Support
    80
    Withdrawal
    80

    OctaFX is a nice and stable forex broker that I have worked with since 2013; they have fast withdrawal and provide quality services. My only problem with OctaFX is that you can’t withdraw your funds to a debit or a credit card. This just makes it really cumbersome for me and hopefully they get a chance to allow this in the future.

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  3. Reply
    GoogleBroker
    April 17, 2015 at 8:15 pm
    2.3
    Web Design
    50
    Reliability
    40
    Platform
    50
    Customer Support
    40
    Withdrawal
    50

    I get that this OctaFX makes it a point to identify all their account holders and ensure that they are all law-abiding citizens with no evil intentions, but my god, do they really have to take so long?! I mean I’ll understand a couple of days, maybe even five, but over a week is just plain ridiculous. I understand that my name is very common which could lead to a lot of confusion but unless you have monkey’s doing the verification it shouldn’t have taken so long.

    Helpful(0) Unhelpful(0)You have already voted this
  4. Reply
    Mad_Max
    March 8, 2015 at 1:50 pm
    4.2
    Web Design
    90
    Reliability
    70
    Platform
    80
    Customer Support
    100
    Withdrawal
    80

    This broker made me to revise my prejudices against both brokers and Forex. Cause I’ve seen amount of market makers, but these guys do not do the same, I’ve checked, transactions with requotes are not their story. I’ve seen this feedback about OctaFX and requotes, but these traders, I guess, do not know about market conditions, actually, many traders do not know what they are talking about)) I was not sure about the withdrawal process, firstly, but I passed through it several times without being interrupted) But I will recommend to check the information about their office hours, cause the withdrawal which was made within their working hours would be faster in comparison with the withdrawal made beyond these hours. By the way, my experience allows me rather to recommend them than not, hope that I am not an exception…

    Helpful(0) Unhelpful(0)You have already voted this
  5. Reply
    HulkSmash99
    December 8, 2014 at 7:21 am
    2.3
    Web Design
    50
    Reliability
    40
    Platform
    50
    Customer Support
    40
    Withdrawal
    50

    I just find this incredibly moronic, a support team that doesn’t work on weekends? I mean sure they provide good services during their uptime, but honestly, does it really cost that much to have a skeleton support team up during weekends? There are some problems that need to be settled over the weekend! Even banks have customer support during weekends despite not being open.

    Helpful(0) Unhelpful(0)You have already voted this
  6. Reply
    Rose Cullen
    August 2, 2014 at 8:25 pm
    4.3
    Web Design
    90
    Reliability
    90
    Platform
    90
    Customer Support
    80
    Withdrawal
    80

    I joined OctaFX because of their very attractive promotional offers for everyone willing to setup an account with them. So far so good, 100% of my withdrawals have been coming in on time and on the money, having no discrepancies when it comes to my expected values. Overall, OctaFX is just a great broker to start and stay with.

    Helpful(0) Unhelpful(0)You have already voted this

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