Company
Contacts![]() | https://www.octafx.com/?utm_campaign=logo2017&utm_source=forex-ratings.com&utm_content=338&utm_medium=bnr |
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Status | |
Regulation | SVG |
Software | MetaTrader4, MetaTrader5 for Android/iPhone |
Address | Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines |
Is Octa scam or legit? Octa is a trusted global broker that offers a user-friendly platform, and a wide selection of tradable instruments. Octa acts in full compliance with international legislation and regulation standards and guarantees fund security and negative balance protection to their clients.
This is why we rank Octa as the best Forex broker.
This Octa Forex broker review is meant to help guide those unsure of how to navigate the murky Forex waters. Should you focus on who has the best Forex app or which broker offers the best copy trade platform? When searching for a Forex broker that is right for you, you need to consider several factors, like: Are they trustworthy and reliable, what are their fees, how is their platform, do they offer mobile trading, how is their customer service, do they have copy trading services. In this case, we will examine Octa. Is Octa a scam? No, absolutely not.
Octa has been in the market for years, servicing clients worldwide, but mainly those residing in Asia. They're embedded deep within the fabric of society in countries they work with through charitable initiatives. There is not a single Forex broker that can claim to be more reliable or trustworthy than Octa.
Octa has taken home over 35 awards! Most notably, Octa was named the Best Forex Broker in Asia (2020), meaning that they are the best Forex broker in India, Malaysia, Indonesia, Pakistan, and elsewhere! To top it off, the best Forex app belongs to Octa as well, claiming that award back in 2018 when European CEO Magazine bestowed upon them that honor. These awards not only signify their respectability, but they denote an opportunity for potential clients to seek refuge with Octa and earn more.
Octa is an umbrella brand used by two independent broker entities. Octa Markets Cyprus Ltd is an investment firm registered in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC) using the domain Octa.eu. This enables users to trade with a broker under European regulatory oversight with enhanced levels of safeguards. The Octa.com website is registered under Octa Markets Incorporated established in St. Vincent and the Grenadines which permits its clients to take advantage of higher leverage and bonus promotions.
A mobile version is available via the app store, free of charge. In 2019, Europe CEO Magazine awarded Octa for the Best Mobile Trading App. The app can used the same way as on desktop. You can modify your leverage, track your contest statistics, make money transfers, activate bonuses, and more. The user interface made the experience fun and easy to maneuver. The app supports nine languages in total.
Whether you live in India, Indonesia or Pakistan, rest assured that Octa has you covered with daily expert trading advice along with educational insight.
Octa regularly holds webinars which are beneficial for those new to Forex trading and are determined to make a career out of it. While learning on your own is admirable, Octa works with big names in the industry and connects with their base through different mediums.
WWW | https://www.octafx.com/ |
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Address | Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines |
Headquarters | St. Vincent and the Grenadines |
Free phone | |
24 hour support | |
Partnership programs | |
Expert advisors | |
Free education | |
Bonuses, Promotions | |
Forex contests, competitions | |
1st deposit bonus | |
Mobile trading | |
Automated trading | |
Demo account | |
Swaps | |
24 hour trading | |
Scalping | |
Hedging | |
Digits after the dot in quotes | 5 |
Minimum position size | 0.01 |
Spread Type | Variable |
Pip spread on majors | 0.3-0.7 |
Leverage | 500 |
ECN, $ | 50 |
Standard account, $ | 50 |
Mini account, $ | 5 |
Other payment methods | |
Popular payment methods | Credit Cards, Wire Transfer, Skrill, FasaPay, Neteller, Local banks |
Account currencies | EUR, USD |
Other instruments | Gold, Silver, Crypto, Indices |
Other languages | |
Languages | English, Indonesian, Chinese, Portuguese, Spanish, Bahasa Malaysia, Hindi, Bengali, Urdu, Vietnamese, German |
Platforms | MetaTrader4, MetaTrader5 for Android/iPhone |
Broker type | Broker |
Regulation | SVG |
Foundation | 2011 |
92 % 8 %
Octa does not participate in the rating
Charity activities are an essential part of Ramadan celebrations. Octa seized this opportunity to implement a series of socially beneficial initiatives worldwide. Read about the projects the broker carried out in Indonesia, Malaysia, and Nigeria.
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