Octa — Forex Broker Rating, Reviews 2024

OctaOcta
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.

The five Octa benefits

This is why we rank Octa as the best Forex broker. 

  • Security. They provide you with a prosperous environment by utilizing the tightest spreads in the industry, providing top market conditions and fixed-rated exchange rates (in some cases). Octa also offers negative balance protection, the industry’s lowest minimum deposit, no slippage or delays, no swaps, maximum leverage of 1:500, and does not make commission from deposits or withdrawals.
  • Convenience. Octa grants local deposit and withdrawal options. Their customer support speaks your language, so it should come as no surprise that they work with local banks and transfer services that enable you to make deposits and withdrawals seamlessly.
  • Peace of Mind. Take comfort in knowing that Octa has won many awards from several Forex focused publishers, including an accolade naming them the top broker in Asia. 
  • Profit potential. Octa offers some of the most famous and most lucrative contests. Whether it's for IBs, traders, or demo users, people have been winning huge prizes, like brand new cars, just by trading. There are even weekly random drawings for scooters. They provide a standard 50% deposit bonus, which sometimes climbs to 100% during special events or holidays.
  • Rewards. Octa has two unique programs. A free status program, which unlocks a bevy of benefit like even lower spreads, faster withdrawals, and invitations to VIP events. Additionally, you’re awarded incredible gifts just by trading, like MacBooks, and all for free.

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.

Octa Mobile App

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.

Octa Trading Terms and Conditions

WWW https://www.octafx.com/
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
Octa

Octa Rating

92 %   8 %


Octa
29 May, 2024   Octa sponsors three charity projects in celebration of Ramadan

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.

Octa
28 Dec, 2023   Octa is the Best Forex Broker 2023

Being the best is a challenging task, especially in the ever-changing world we are living in. All the more so, we are happy to receive such a prestigious...

Octa
2 Dec, 2023   Octa is Best Client Funds Security Indonesia 2023

Safety of funds brings our traders peace of mind. We value their trust more than anything else, so we are glad to receive this award—it shows that our traders feel safe trading with us.

Octa
1 May, 2023   Dividend announcement for stock derivatives, May 2023

When a company pays shareholders dividends, it reduces its value by the dividend amount. The dividend payout leads to the share price reduction...

Octa
12 Dec, 2022   Celebrate 2023 with OctaFx

Where will the Festive Express take you? To 2,023 prizes for the 2023 New Year! We have prepared three stations to pass from 28 November to 26 December: 1-lot station, 3-lot station, and 5-lot station...