OctaFX

The Company. Funds security

OctaFX operates in Europe under the name OctaFX.eu and globally with OctaFX.com.

OctaFX.eu

Octa Markets Cyprus Ltd, which runs OctaFX through the European market, is authorised and is regulated under the Cyprus Securities and Exchange Commission (CySEC) with license number 372/18. The headquarters for Octa Markets Cyprus Ltd is located in Cyprus. Republic of Cyprus. Octa Markets Cyprus Ltd complies with the European Securities and Market Authority’s (ESMA) regulations as well as the Market in Financial Instruments Directive (MiFID II).

This CySEC license also allows OctaFX to operate in nearly every EU members, with the exception of some, like Belgium where trading in foreign exchange is completely prohibited.

Conservative Trader MetaTrader5 Account

This OctaFX Conservative Trader MetaTrader5 Account offers floating spreads at as low as 0.3 pip, with no commissions for trading and the choice to select among 28 currencies such as crude oil, silver gold natural gas, crude oil and 10 important indexes. The minimum trade size is only 0,01 lot and the maximum volume of trade permitted is 100 standard lots.

The margin close-out rule for each account can be set to 50%. This means that when you find that the Stop Out Level on the account is lower than 50 percent, then any open accounts will be shut. Be aware that Margin Calls are activated at 60 percent. Market execution will be under 0.1 sec. and scalping and hedging are permitted.

The maximum leverage permitted is in line with rules of the European Union and is limited to 1:30 on the major forex pairs, and 1:20 for most other CFDs. However, if you are an expert trader and are able to prove that, you could receive leverage up to 1:500. The minimum deposit required will be 100 EUR.

Progressive Trader cTrader Account

It is a Progressive Trader cTrader Account comes with no spreads, and a minimal commission that is 3 dollars per transaction for a normal lot. If you calculate it into the cost of trading, it provides an average spread of 0.6 per cent, which is appealing.

The trading instruments are smaller than those available with the MetaTrader5 Account You can trade only precious metals and currency pairs however, not indices or energy commodities.

Market execution is also assured to take less than one second. Also, the margin call as well as the stop-out level are set at 60 % and 50 percent. Scalping and hedges are permitted also as the minimum and maximum amount of trades is the same the conservative Trader MetaTrader5 Account – 0.01 lot, and 100 tons, respectively. Maximum leverage of 1:30, as for the MetaTrader5 Account while the minimal deposit amount is 100 EUR.

OctaFX.com Accounts

We have already mentioned the company’s international division OctaFX.com provides 3 trading platforms as well as three different types of accounts each – the Novice Trader MetaTrader4 Small Account as well as the MetaTrader5 Pro Experienced Account, and the Progressive Trade CTrader ECN Account.

Novice Trader MetaTrader4 Micro Account

The MetaTrader4 Micro Account for Novice traders offers floating spreads beginning at 0.4 pips and fixed spreads beginning at 2 pip. There’s no commission on trading and, in addition to the choice of currency pairs as well as popular CFDs for gold, silver crude oil, indices and more Additionally, you’ll be in a position to trade a few of crypto currencies as well.

The leverage that is available for any of the fiat currency pairs is significantly higher than one we have on OctaFX.eu 1:500 and all the CFDs have higher leverage also. The precious metals are traded at a leverage of up 1:200, and indexes and all energy commodities are traded are offered at 1:50. The leverage for cryptocurrency coins is only 1:2, however, this is because the cryptocurrency market is more unstable.

Similar to the OctaFX.eu account, the minimum trading volume is just one micro lot, whereas the maximum volume of trade is unlimitable. The execution of the market is less than 0.01 seconds and, unlike OctaFX.eu you’ll be able to establish an account for trading with both EUR as well as USD. With OctaFX.eu your only choice is EUR.

However, be aware you must be aware that Margin Call and the Stop Out Level are set much less than those of the EU OctaFX regulation – 25 percent and 15%, respectively. Scalping and hedges are both permitted. The minimum deposit amount is 100 USD.

Experienced Trader MetaTrader5 Pro Account

The Experienced Trader MetaTrader5 Professional Account is available with floating spreads as low as 0.2 pip, and no trading commission. Maximum leverage can be set to 1:200 for the most popular currencies, 1:100 for commodities such as energy and metals 1:50 for indices, and 1:1 for cryptocurrency currencies.

The instruments available for trading are the same as the Novice Trader MetaTrader4 micro account The minimum amount of trading is 1 micro lot, as is the case with all other accounts with OctaFX. The maximum volume of trade is unlimitable.

The minimum deposit required is, however, a little higher at 500 USD. The requirements will be those who are Margin Call and the Stop Out Level which are 30 and 45 percent, respectively. Scalping and hedges are permitted.

Progressive Trader cTrader ECN Account

With the OctaFX Progressive Trade the cTrader ECN Spreads on accounts start at zero, however there is a tiny commission for trading of 3 USD per lot. This is the same as the cTrader account that is available through the European branch that is part of the brokerage.

The range of instruments for trading is restricted to currency pairs as well as precious metals, and the leverage is restricted to 1:500 and 1:200 , respectively.

Hedging and scaling is permitted as is the case with all OctaFX accounts The execution of the market is less than a second and the Margin Call as well as the Stop-Out Level are the same those of the Novice Trader MetaTrader4 Micro Account. The Micro Account is 25 percent and 15 percent respectively. The minimum amount to deposit for the account is $100 USD.

Spreads and Commissions

Each of OctaFX.eu and OctaFX.com both offer a an adjustable spread that fluctuates based on the market’s conditions. The broker gives clear prices and the most slender spreads by simply passing the highest bid-ask price to their liquidity supplier. It means OctaFX spreads are accurate and reflect the current market conditions. The major benefit for floating spreads over standard spreads is the fact that they tend to be less expensive than average. However, are advised to be aware that floating spreads can increase as the market opens and rollovers, or when news breaking stories are announced as well as when the market becomes volatile.

OctaFX provides Fixed spreads only for their MetaTrader4 Novice Account, accessible through their subsidiary in the world – Octafx.com. With this account type, you can choose fixed spreads beginning at 2 pip.

It is worth noting that OctaFX has strict no requotes policy, and their system is designed to process orders at the lowest possible price whenever the slippage happens.

Maximum Leverage

The leverage that is available at OctaFX is contingent upon the type of trade you make with the company’s European subsidiary or the international counterpart. Due to the stringent limitations on leverage imposed by the European Securities and Markets Authority (ESMA) in the year 2018 the level of leverage available in Europe are considerably smaller. This is also one of the primary reasons for why top brokers such as OctaFX have subsidiaries that are registered internationally that can provide traders much higher leverage levels.

Leverage offered by OctaFX.eu

The highest leverage OctaFX can offer for you if you are trading using their EU controlled subsidiary is 1:30 in the case of major currency pairs.

Major Currencies are currency pairs made up of two or more of the currencies listed below: USD, EUR, JPY GBP, CAD and CHF. They have a an obligation to maintain a fixed margin of 3.33 percent..

Major currency pairs that are not major as well as major indices are available with leverage as high as 1:20 and a minimum limit of margins to 5%. all commodities other than major equity indices can have the maximum leverage of 1:10 with an obligation to maintain a margin of 10 percent.

It is important to note that the margin close-out policy on a per-account basis is set at 50 percent. This means that should your Limit Out Level on the account is lower than 50 percent, then any open positions will be shut. We have noted that the entire process is in line with current regulations on forex which were issued on the ESMA in August of 2018.

If you do have the qualifications for professional traders, you may receive a higher leverage – up to 1:500.

Leverage offered by OctaFX.com

Through the international subsidiary of OctaFX the company OctaFX.com traders have access to more leverage since OctaFX.com isn’t subject to regulations that are in force in Europe

According to the type of account leverage up to 1:500 can be obtained with all currency pairs while precious metals are traded at leverages of up to 1:200 , and energy commodities and indices with leverages of up to 1:50. Crypto currencies, which are only available through OctaFX.com are able to be traded using leverage as high as 1:1.

Minimum initial deposit

The minimum amount to deposit for trading with OctaFX is less than other brokers, both on OctaFX.eu as well as OctaFX.com

Minimum deposit required at OctaFX.eu

Whatever account type or platform you select the minimum deposit required is only 100 EUR and is significantly less than 250 dollars minimum required by the majority of brokers in the forex market. Be aware the fact that on OctaFX.eu you are able to open trading accounts with only Euro.

Minimum deposit on OctaFX.com

The minimum amount you can deposit at OctaFX is 100 USD for both an Novice Trader MetaTrader4 Micro Account as well as the Progressive Trader cTrader ECN Account. There is only one exception to this: for the MetaTrader5 Pro Account for experienced traders that requires you to make a deposit of 500 USD. Note that using Octafx.com you can create trading accounts in Euro as well as USD.

Copytrading

OctaFX Copytrading gives you the chance to copy traders’ strategies automatically even if you don’t have the time to create your own strategy for trading. By using OctaFX Copytrading you can pick from the most successful Masters of Forex and diversify your portfolio of trading.

The feature is only available through Octafx.com However, if you choose to try it initially, you’ll need decide which Master Traders you would prefer to follow. This can be done through comparing the master statistics that include their gains, copiers commissions and the trading pairs that the Master Trader employs, their profit percentage and order instructions along with various other elements that you should consider before making the choice to copy someone else. Before copying can begin, you need to decide on the deposit percentage and select the amount of money to invest in a particular Master Trader.

The amount of trade copied is dependent on the Master account as well as the Copier accounts leverage and equity. It is calculated in terms of volume (copied trade) = Equity (Copier) (Master) / Equity (Master) (Master) x Leverage (Copier) or Leverage (Master) + Volume (Master).

With an infinite number of Masters to copy, you are able to make a well-balanced and diverse trading portfolio that earns steady income. You have complete power over your copying process, and you can change or stop copies of trades any moment. You can see complete statistics on trading activity for the copied Master Traders within the Copier Area.

Additionally, OctaFX does not charge additional commissions. The only fee you pay is Master’s commission. This is a separate charge and calculated in dollars per trade volume.

Keep in mind that there’s the option of a deposit percentage that you decide to set prior to copying. This allows you to manage the risk. The deposit percentage can be anywhere between 1% to 100 percent. This parameter can be set and any new trades will not be copied if your equity drops by a certain amount from your account using the formula that is: Equity (Copier) = (100 percent + the deposit percentage) + Balance (Copier). You are able to alter the deposit percentage after copying has begun.

And you are able to unsubscribe out of master Trader as well as stop copying trades at any time. After that, all the money you have invested with master Trader and any earnings from copying will go back into your Wallet. Prior to unsubscribing, make sure that all trades in the current session have been closed.

Additionally, there’s the OctaFX Copytrading application that can help you understand the investment strategy of your funds and manage risk in real-time.

Of course , if you’re professional trading like you normally and earn revenue from other traders who copy you. Your profile on the web provides daily and monthly statistics about your trading performancePromote it to attract new fans.

Keep in mind you must remember that Master Trader commission can not exceed 15 USD per lot. In addition, you must have an OctaFX MetaTrader4 Account. The Master Trader Commissions will be paid each week.

Trading Platforms

Within Europe Octa FX provides its clients the option between two platforms for trading: MetaTrader 5 (MT5) and cTrader in which the real trading servers are located. The location of the OctaFX MT5 trading platform is Strasburg, France and for the OctaFX cTrader platform, it’s situated in London, United Kingdom. MT4 is available only to customers of OctaFx.com that operate outside of the EU.

MetaTrader5

The majority of the indicators and Expert Advisors aren’t supported in the MT5 platform, it is behind its main competitor, MetaTrader4 (MT4). With the numerous improvements that were made to MT5 in recent time (and the option of hedging was added) It has gained popularity with traders and brokers alike.

MetaTrader5 provides a robust trading system that is able to handle every kind of trade order such as stop, market and pending orders as well as the trailing stop. It also allows trading CFDs through this platform.

MetaTrader5 is a simple interface that combines the counterpart MT4 with a variety of features that meet the requirements of both basic and technical traders. an array of indicators, chart timeframes and graphical objects that allow for greater depth in analysis of technical aspects. Its main features include the Stop Limit orders, an integrated economic calendar, sophisticated trading tools that are one-click that are highly customizable as well as an integrated environment to develop Expert Advisors which are trading robots, which enable the user to automate trading sessions.

Also, OctaFX provides its OctaFX Trading App that is equipped with built-in tools that assist you in managing all of your OctaFX individual profiles. You can monitor real contest, demo and demo accounts, and track deposits. In addition, the application has an appealing and user-friendly layout, which is another reason to try it.

cTrader

Multi-asset trading platform cTrader provides the most complete ECN execution as well as a variety of cutting-edge tools. Speedy execution and order entry speeds, order entry direct through charts, as well as Level II price are some of the reasons so many traders are choosing cTrader as their primary platform.

The cTrader trading platform was specifically designed to give Direct Market Access (DMA). It is free of restrictions regarding Stop/Limit limits and allows the user to reverse, double or close any position with just one click. The Level II market depth in cTrader gives more clarity on the liquidity available. Additionally, the platform allows the use of one-click trade and chart-based trading with advanced features.

CTrader comes with a variety of features that allow greater flexibility when making trades. In addition, the platform can be highly customized and, thanks to its Cloud service, all accounts as well as templates are stored all in one location.

Like MetaTrader5, cTrader has mobile applications available similar to MetaTrader5 and has mobile apps for iOS along with Android. The most recent mobile version – CTrader Mobile 3.12 comes with an “Sign in with Apple” option to quickly authenticate.

CTrader Mobile 3.12 beta is now available to download from Google Play and App Store.

MetaTrader4

Only available on OctaFX.com MetaTrader4 is indisputably the most well-known trading platform in the world of forex. We have already mentioned that its popularity is due to the large quantity of trading software specifically designed for it , including Expert Market Indicators and Advisors that you are able to modify with an integrated in compiler, as well as using the scripting language that is proprietary MQL4.

Trading contest

The contests for trading OctaFX offers its clients are only available on OctaFX.com. They are held on a regular basis and are backed by a fixed prize fund. If you’re the winner of the contest to trade at OctaFX you can make a withdrawal of your winnings.

Champion contest

The Champion contest, in which you trade using virtual money and a demo account the player with the best balance at the final round is awarded the principal price. The time frame for the contest is four weeks. The major prize is 500 USD. However, there are also four additional prizes: 400 USD for second place $300 USD to be awarded for third position and sixty dollars for fourth spot while 40 USD is awarded for the 5th position.

To take part in the Champion contest, you must sign up for an MetaTrader4 Demo account.

Each contest account is subject to the identical trading conditions. These include 28 currency pairs plus Silver and Gold that are that are available for trading. Minimum quantity can be 0.01 lot, the maximum amount is not restricted, the beginning deposit is 1 000 USD The leverage ratio is 1:500.

cTrader Weekly

The cTrader Weekly contest is similar to similar to Champions competition, however with CTrader. It also has a duration of only one week long and the prizes are less 150 USD, 100 USD 50 USD, 75 USD, and 25 USD for the top spot to fifth position, in each category.

Bonus on deposits

Trading bonuses are a different feature that is only available on OctaFX.com since the regulatory rules in Europe doesn’t permit these kinds of promotions.

A bonus on trading gives the opportunity of trading using a higher amount. It is important to remember however that to cash out the bonus, you’ll be required to meet a minimum volume of trade. If, for instance, the bonus amount is 200 dollars, you’ll need to make 100 trades before being allowed to withdraw it.

Your earnings are, however, readily available to withdraw anytime. Promotions for bonuses like leverage are another reason OctaFX has established their International subsidiary.

Payment Methods

The payment options available at OctaFX will depend on the exchange you make using OctaFX.eu and OctaFX.com.

OctaFX.eu

Within Europe OctaFX accepts debit and credit cards, such as VISA and MasterCard as well as bank wires and Skrill. The minimum amount you can withdraw with banks wires and cards is 50 EUR for bank wire, whereas using Skrill the limit is 5 EUR. Remember that OctaFX doesn’t charge fees for withdraw or deposit regardless of what payment method you use.

In addition, the broker will also cover any costs that the third party provider could charge – like your bank or bank’s credit card firm.

Furthermore the broker takes every step to ensure the security of your money. The 3-D Secure security technology offered by OctaFX is another layer of security that is used that is used for online payments. It has been accepted by VISA and MasterCard.

OctaFX.com

Through the international affiliate of OctaFX and the website OctaFX.com you can make deposits through Perfect Money – a popular online wallet, bitcoins as well as credit cards such VISA or MasterCard.