OctaFX-Overview of OctaFX

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

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.

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.

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.

Non-Trading Fees

Trading Platform

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

Withdrawal Options