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OCTAFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-25 19:58

Abstract:OCTAFX is a broker. The tradable instruments, with three account types with a maximum leverage of 1:1000, such as Octa Trader, MetaTrader 5, and MetaTrader, include currency pairs, commodities, indices, stocks, and shares. The minimum spread is from 0.6 pips and the minimum deposit is $25. OCTAFX is still risky due to its unregulated status and high leverage.

OCTAFXReview Summary
Founded2-5 years
Registered Country/RegionChina
RegulationUnregulated
Market InstrumentsCurrency pairs, Commodities, Indices, Stocks, and Shares
Demo Account✔
LeverageUp to 1:1000
SpreadFrom 0.6 pips
Trading PlatformMT4/MT5(Web, Android, Windows, macOS)/Octa Trader(Web, Android, iOS)
Min Deposit$25
Customer SupportSocial Media: Facebook, Twitter, Instagram, YouTube

OCTAFX Information

  OCTAFX is a broker. The tradable instruments, with three account types with a maximum leverage of 1:1000, such as Octa Trader, MetaTrader 5, and MetaTrader, include currency pairs, commodities, indices, stocks, and shares. The minimum spread is from 0.6 pipsand the minimum deposit is $25. OCTAFX is still risky due to its unregulated status and high leverage.

OCTAFX Information

Pros and Cons

Pros Cons
Leverage up to 1:1000Unregulated
Spread from 0.6 pipsNo phone calls or online chat
Demo account available
MT4/MT5 available
24/7 customer support

Is OCTAFX Legit?

  OCTAFX is not regulated, which makes it less safe than regulated brokers.

Is OCTAFX Legit?
Is OCTAFX Legit?

What Can I Trade on OCTAFX?

  Traders can choose different investment directions because the broker provides currency pairs, commodities, indices, stocks, and shares.

Tradable Instruments Supported
Currency pairs✔
Commodities✔
Indices✔
Stocks✔
Shares✔
Shares❌
ETFs❌
Bonds❌
Mutual Funds❌
What Can I Trade on OCTAFX?

Account Type

  Traders open an account with the same minimum deposit for Octa Trader, MetaTrader 5, or MetaTrader. Traders who want more instruments can choose a MetaTrader 5 account.

Account Type OctaTraderMetaTrader 5MetaTrader
Spread from0.6 pips0.6 pips0.6 pips
Trading commission$0$0$0
No deposit or withdrawal feeYesYesYes
Mini. deposit$25$25$25
Instruments8027780
Account Type

OCTAFX Fees

  NO commission and swaps and the spread starts from 0.6 pips.

OCTAFX Fees

Leverage

  The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.

Trading Platform

  OCTAFX provides Octa Trader, a build-in platform, for Web, Android, and iOS, along with an authoritative MT4/MT5 trading platform for Web, Android, Windows, and macOS versions.

Trading PlatformSupported Available Devices
MT4✔Web, Android, Windows, macOS
MT5✔Web, Android, Windows, macOS
Octa Trader✔Web, Android, iOS
Trading Platform

Deposit and Withdrawal

  The minimum deposit is $25. OCTAFX offers multiple deposit and withdrawal methods, including Visa, Mastercard, local banks, skrill, Neteller, Bitcoin, Ethereum, and many more. Withdrawals usually take no longer than 3 hours.

Deposit and Withdrawal

Customer Support Options

  OCTAFX provides 24/7 customer support, and traders can learn via social media, such as Facebook, Twitter, Instagram, YouTube, and more.

Contact Options Details
Social Media Facebook, Twitter, Instagram, YouTube
Supported Language English
Website Language English
Physical Address Not mentioned
Customer Support Options
Customer Support Options

  

Related broker

No Regulation
OCTAFX
Company name:OCTAFX
Score
1.38
Website:https://octafxmarkets.top/#/
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.38

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