OctaFX-Overview of OctaFX

WikiFX | 2025-05-12 15:09

Ikhtisar：OctaFX is a Forex and CFD broker that offers trading services to clients globally. The company was founded in 2011, and it is headquartered in Saint Vincent and the Grenadines. OctaFX has gained popularity among traders due to its user-friendly trading platform, low spreads, and high leverage options. However, it is worth noting that OctaFX has faced allegations of operating illegally in certain jurisdictions. For example, in 2020, the Financial Services Authority of Seychelles (FSA) issued a warning against OctaFX, stating that the broker was not licensed to provide financial services in the country. Despite these allegations, OctaFX continues to operate and offer trading services to clients globally, including Forex, CFDs, and cryptocurrency trading. The broker's website features a range of educational resources, including video tutorials, market analysis, and a comprehensive trading guide, aimed at helping traders improve their knowledge and skills.

Octa Review Summary
Founded	2011
Registered Country/Region	Cyprus
Regulation	CySEC
Market Instruments	Forex, Commodities, Crypto, CFD, Indexes, Stock Derivatives, Shares
Demo Account	✅
Leverage	Up to 1:1000
Spread	EUR/USD: 0.8 pips
Trading Platform	OctaTrader, MetaTrader 4, MetaTrader 5
Min Deposit	25 USD
Customer Support	support@octacs.one

Octa Information

Founded in 2011 and regulated by CySEC, Octa is a Cyprus-based broker offering access to over 300 assets, including forex, crypto, and shares. It supports commission-free trading, swap-free accounts, and a choice of MT4, MT5, or OctaTrader platforms.

Pros and Cons

Pros	Cons
Regulated by CySEC	Stock leverage limited to 1:40
Zero commission, zero swap policy	Shares not available on all account types
Multiple trading platforms and asset types

Is Octa Legit?

Yes, Octa is a legitimate and regulated broker. It is licensed by the Cyprus Securities and Exchange Commission (CySEC) under the license number 372/18. The license type is Market Maker (MM), and the regulated entity is Octa Markets Cyprus Ltd.

What Can I Trade on Octa?

Octa offers a diverse range of tradable instruments across global markets, including 35 currency pairs, 34 cryptocurrencies, 10 indices, over 100 shares, and more than 150 stock derivatives. The broker supports high leverage on most asset classes, making it suitable for both beginner and experienced traders.

Tradable Instruments	Supported
Forex	✅
Commodities	✅
Crypto	✅
CFD	✅
Indexes	✅
Stock Derivatives	✅
Shares	✅
ETF	❌

Account Types

Octa offers three types of live trading accounts—OctaTrader, MetaTrader 5 (MT5), and MetaTrader 4 (MT4)—all with a minimum deposit of $25 and leverage up to 1:1000 for forex. Each account supports Islamic (swap-free) trading and demo accounts. MT5 stands out for having the broadest asset access, including stocks and intraday assets.

Account Type	Spread From	Commission	Min Deposit	Leverage (Max)	Assets Supported	Suitable For
OctaTrader	0.6 pips	No	$25	Forex 1:1000, Crypto 1:200	Forex, Metals, Energies, Indices, Crypto	Beginners wanting simplicity
MetaTrader 5	0.6 pips	No	$25	Forex 1:1000, Stocks 1:40	Forex, Metals, Energies, Indices, Crypto, Stocks, Intraday Assets	Experienced traders needing full access
MetaTrader 4	0.6 pips	No	$25	Forex 1:1000, Crypto 1:200	Forex, Metals, Energies, Indices, Crypto	MT4 loyalists and EA users

Leverage

Octa offers maximum leverage of up to 1:1000 for forex pairs, with lower leverage caps for other asset classes (e.g., 1:400 for metals and indices, 1:200 for crypto, 1:40 for stocks).

Octa Fees

Octas fee structure is competitive in the retail trading industry. The broker offers tight spreads starting from 0.6 pips, no commissions on trades (except in rare overnight/arbitrage cases), zero swap fees, and instant deposits and withdrawals with no hidden charges.

Symbol	Description	Bid	Ask	Spread (pips)	Pip Value (USD)
EUR/USD	Euro vs. US Dollar	1.1325	1.1325	0.8	10
GBP/USD	British Pound vs. US Dollar	1.3329	1.333	1.3	10
USD/JPY	US Dollar vs. Japanese Yen	144.2	144.22	1.8	6.93
XAU/USD	Gold Spot	3,233.30	3,233.50	2.2	10
BTC/USD	Bitcoin vs. US Dollar	95,076	95,099	2.3	10
ETH/USD	Ethereum vs. US Dollar	1,815	1,817	2.2	10

Non-Trading Fees

Non-Trading Fee Type	Details
Deposit Fee	$0 (Free, all methods)
Withdrawal Fee	$0 (Instant withdrawals, no fees)
Inactivity Fee	Not charged

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for What Kind of Traders
OctaTrader	✔	Web, Android, iOS, Mobile Browser	Beginners looking for ease of use and built-in tools
MetaTrader 5 (MT5)	✔	Web, Android, iOS	Experienced traders needing advanced features
MetaTrader 4 (MT4)	✔	Web, Android, iOS	All levels; simple and familiar interface

Deposit and Withdrawal

Octa does not charge deposit or withdrawal fees. The minimum deposit starts from 25 USD (or crypto equivalent), depending on the selected payment method.

Deposit Options

Deposit Method	Min. Deposit	Fees	Processing Time
Neteller	50 EUR	Free	Instant
Skrill	50 USD	Free	Instant
Litecoin	0.30 LTC	Free	3–30 minutes
Dogecoin	230 DOGE	Free	3–30 minutes
Tether (ERC20)	50 USDT	Free	3–30 minutes
Tether (TRC20)	50 USDT	Free	3–30 minutes
Ethereum	0.02 ETH	Free	3–30 minutes
Bitcoin	0.00037 BTC	Free	3–30 minutes
Mastercard	50 EUR	Free	Instant
Visa	25 USD	Free	1–5 minutes

Withdrawal Options

Withdrawal Method	Min. Withdrawal	Fees	Processing Time
Neteller	5 USD	Free	1–3 hours approval + up to 5 min transfer
Skrill	5 USD	Free	1–3 hours approval + up to 5 min transfer
Litecoin	0.11 LTC	Free	1–3 hrs approval + up to 30 min transfer
Dogecoin	75 DOGE	Free	1–3 hrs approval + up to 30 min transfer
Tether (ERC20)	10 USDT	Free	1–3 hrs approval + up to 30 min transfer
Tether (TRC20)	10 USDT	Free	1–3 hrs approval + up to 30 min transfer
Ethereum	0.005 ETH	Free	1–3 hrs approval + up to 30 min transfer
Bitcoin	0.00009 BTC	Free	1–3 hrs approval + up to 30 min transfer
Visa	20 USD	Free	1–3 hrs approval + up to 1 hr transfer