OctaFX Review & User Rating 2020
OctaFX (Octa Markets Incorporated) is a brokerage company founded in 2011 in Saint Vincent and the Grenadines on the Caribbean islands.
- Start year:2011
- Country of origin:Saint Vincent and the Grenadines
- Payment options:Visa cards, MasterCard cards, Skrill, CashU, Neteller, FasaPay, UnionPay, BCA, Mandiri, BNI, bank transfers
- Minimum account size:$5
- Minimum lot size:0,01
- Spreads:from 0.2 pips
Owing to its quality services, the company has won several prestigious titles at international exhibitions. So, the company was recognized as the Fastest Growing Micro Forex Broker of the year in 2012. It was awarded the titles of the Best Broker Central & Eastern Europe and the Best Broker Central Asia in 2013. OctaFx won the titles of the best ECN Broker Asia and the Best Broker Eastern Europe and Central Asia in 2014.
OctaFX provides its clients with access to Forex through the MetaTrader4 and cTrader platforms. Among the trading instruments there are over 40 currency pairs, precious metals, shares, and futures.
A trader is given a choice between three types of accounts, all of them allow scalping and hedging. For example, a Micro account requires a minimum deposit of $5, leverage up to 1:500, and floating spreads from 0.2 pips. An ECN account suggests a minimum deposit of $50, leverage up to 1:500, and floating spreads from 0.2 pips. Besides, a trader can practice on a demo account.
The broker holds regular contests on the official website. A winner in every contest is rewarded with a valuable prize. So holders of demo accounts can take part in a contest and obtain good cash prizes. With a live account, you can compete for a Porsche Panamera.