OctaFX review and tutorials


Detailed OctaFX Review 2021: Forex, CFD'S and Crypto Regulated Broker

OctaFX has been in business since 2011 and caters to clients from more than 100 countries. This market-maker focuses mainly on new Forex traders from emerging markets. It represents more than 1.5 million trading accounts on its own account and has completed more than 288 million transactions. Bonuses play a major role in OctaFX, which has received almost 3 million in incentives.

What’s OctaFX?

OctaFX is a tech-based trading company that was founded in 2011 and offers industry-renown platforms such as MetaTrader5 and cTrader with many investment chances and great capabilities.

At the beginning of its establishment, OctaFX was an offshore brand located in SVG and continued to climb as an operator in the United Kingdom, but since 2017 it has closed its entity and moved to Cyprus.

Therefore, together with the European CySEC license broker operates a global offering from its entity, so check carefully under which regulation you will fall under, as it may propose different trading conditions.

Forex and CFDs offeredPhone support not available 24/7
Good trading toolsNo Forex education
MT5 and cTrader platforms offered
Fast account opening and free Demo account
No commission deposits and withdrawal options
octafx website

What kind of broker is OctaFX?

OctaFX is an STP Forex broker with high expectations of a stable trading environment as set out in the Regulations it imposes. The offer to clients is broad and easy to get, as it offers the same, if not more, investment opportunities to the world trading community.

10 Points Summary

HeadquartersBroker located in SVG and Cyprus
Regulation and LicenseCySEC, FSA SVG
PlatformsMT5, cTrader
InstrumentsCFDs on Commodities, Forex, Metals, Indices and Energies
Demo AccountAvailable
Minimum deposit100$
Trading FeesLow Forex fees. Spread only or ECN Account with commission
Base currenciesUSD, EUR
EducationAvailable only through the international entity
Customer Support24/5


OctaFX is already well-known despite the fact that it has only recently earned its European license. Thus, over the years it operated, OctaFX participated in various exhibitions and has received numerous international awards along with a large number of active traders registered with the company. It all reinforces its position and prestige in the industry, which we will be able to see in-depth in our OctaFX Analysis.


Is OctaFX safe or is it a scam?

The main issue and focus of our OctaFX Analysis are, among other things, whether it is a secure trading environment, which is reviewed first because of its regulatory obligation and the license under which the broker operates. Since 2011, OctaFX has embarked on a journey with various operating licenses, including SVG registration and operating the UK branch, yet it has been suspended back in 2017 and is targeting Cyprus as its next operating destination.

CySEC regulated international brokerPreviously operated only offshore entity
Global coverage and years of operation
Negative Balance Protection applied

Is OctaFX legit?

The main gap for these years of operation was the fact that OctaFX was a brand of Octa Markets Licensed, registered and regulated by the Law of Saint Vincent and the Grenadines. Which is offshore heaven for its tax management and the relative ease with which to set up a company. Now that OctaFX has formed its legal entity in Cyprus and has obtained a license from the local CySEC, it imposes regulations in compliance with the European Authority’s requirements.

We can therefore now claim that OctaFX and its entity Octa Markets Cyprus Ltd are showing us a consistent state of compliance with the requisite operating standards.

Since the Regulation requires strict compliance with Forex business operations management, it is considered safe to open an account either with Cyprus or with the international OctaFX body.

octafx lisence

How are you being protected?

The collection of regulatory requirements allows the protection of customers, including the separation of assets, and the implementation of negative balance protection while the broker is continuously monitored by the authority in terms of its safety compliance. In addition, there is confidentiality in the accounts of traders used by the Investor Protection and Compensation Schemes in the event that the broker goes bankrupt.


OctaFX provides leverage as a proven instrument that reduces the initial capital you trade with and can be a very useful tool to increase potential gains. Leverage also raises risks, so you should always know how to use it smartly.

Level of Risk

The level of risk is defined by the level of leverage you use since higher leverage dramatically increases the high risk of losing money.

For this purpose, the global authorities and regulators limit the leverage to be used to define a safer standard for retailers. OctaFX Cyprus offers lower leverage rates as defined by the regulator, together with its operations formed under the ESMA rules. This means that European traders or those customers who are registered with the OctaFX European agency would fall within the scope of the ESMA regulation that recently restricted Leverage.

But, if you still want to use OctaFX’s high international leverage, OctaFX still allows you to do that.

European traders leverage a maximum of 1:30 for major currency pairs, 1:10 for commodity pairs.

International traders can still use leverage up to 1:500.


Another important note in the OctaFX Review is the range of account types through which you will have access to trading. The broker offers two types of accounts that define trading conditions and a platform that is used for trading.

Fast digital account openingNone
Single Account for MetaTrader5 or cTrader platforms
Demo Account provided
Option between trading fee models
account types

Account Types

The broker defines itself by the MT5 account offered to the conservative trader is ideal for the majority of investors, but it also embraces all trading types and social trading. While cTrader will be more suitable for progressive traders or professionals as it offers comprehensive trading conditions with a commission-based fee structure.

In addition, it is possible to apply a Demo Practice Account and use its unlimited sources to refine the technique or to get to know the platforms and OctaFX conditions better.

Nevertheless, the international plan includes a platform-based ECN and PRO account, as well as Micro Account on the MetaTrader4 web. It is recommended for beginners and allows micro lot trading with floating spreads starting at 0.4 pips or fixed spread at 2 pips.

Trading Instruments

So what can you do with OctaFX? The market range offers you the most requested instrument based on the CFD trading model and offers you an opportunity to trade on the price movements of Forex currency pairs, commodities, resources and indices.


Another good thing at OctaFX is its pricing strategy, the price that you will have to pay for using the trading service. There are two options, depending on the type of account and the platform you use, provided by Octa Markets.

An international brand can offer slightly different terms, which you can test better from the web.

Low Forex feesInactivity fee
Options between spread only or commission fee basis
0$ Withdrawal fee
Micro Lot trading available

CFD fees

So the fee strategy varies according to the sites – while MT5 gives you a spread-only basis with a minimum spread of USD 0.2 pips, which is a very good offer compared to industry norms.

cTrader gives you access to a raw spread from 0 pip to EUR USD pair plus a commission fee of $3 per amount.

See also below the comparison table with the standard OctaFX spread and compare brokers with other CFD brokers with rates for CFD, commission or inactivity fees, if applicable.

Trading Fees of OctaFX vs Similar Brokers

Asset/ PairOctaFX FeesAvaTrade FeeseToro Fees
EUR USD0.5 pips1.3 pips3 pips
Crude Oil WTI2 pips3 pips5 pips
Inactivity FeeYesYesYes
Fee rankingLowAverageHigh

Here’s a snapshot of the OctaFX fees

octafx spreads

Overnight Fees

Often expect an overnight fee or a swap if you hold a position longer than a day. It is always defined by an instrument that you trade and can be viewed either through a website or through a platform while trading. See the example above.

Deposits and Withdrawals

Being able to access your funds at any time with ease and convenience is another matter for the controlled broker and our OctaFX review. Along with its strict money management laws, you can deposit your savings through a bank account without any hassle.

No deposit feesLimited deposit and withdrawal option for European clients
Withdrawals free of chargeNo Credit card supported for Cyprus entity
Wide range of payment methods supported by an international entity

Deposit Fees and Options

As a licensed broker requiring security measures, OctaFX Cyprus only offers bank wire transfers to its European clients. While the international organization also provides credit cards, e-wallets and other options that you can test with the customer service prior to any transfer.

  • Transfer via bank wire

What is also important is that there are no charges for deposits and that you will not pay any fee, but always identify it with your payment provider or the bank itself as an international rule that differs from jurisdiction to jurisdiction.

Minimum Requirement for Deposit

Under the OctaFX scheme, a minimum deposit of EUR 100 will allow you to open any type of account of the two provided by the broker.

payment options

Withdrawal of Capital

Money withdrawal is the same smooth process, although OctaFX also covers fees so that you can access your deposit at any time and receive it relatively quickly. Usually, OctaFX confirms withdrawals within 1-2 business days but allows the bank extra days to process the transaction.

Here are the ways to remove your money from OctaFX:

You can access your account and submit a withdrawal by simply following the instructions. You can always count on a great help center to assist.

How do you remove money from your account?

  1. Login to your account. Pick ‘Withdraw Funds’ from the menu tab
  2. Fill in the form and enter the amount of withdrawal requested
  3. Choose the method of withdrawal
  4. Fill the appropriate form specifications
  5. Confirm the withdrawal details and submit it

Trading Platforms

Last but not least, what we like the most is the OctaFX platform offering -you can choose either industry-leading software as well as its newer version of MetaTrader5 with all the benefits included and not limited, also with a copy trading option. Using the advanced and very powerful abilities of the cTrader platform.

The decision between the two is still yours and they are both very different, offering a different pricing model and a more effective trading strategy. MetaTrader5 is good for everyone, and a more trader-friendly software, while it is also available for copy trading.

Although the cTrader platform is a more advanced technology, it is also one that provides ECN Direct Market Access, which may be a safer choice for professionals. In addition, if you open an account with the international OctaFX brand, there is an option to use MetaTrader4 and operate through an account with a micro lot trading option.

Scores & Availability of different platforms

Option between MetaTrader5 and cTraderNo education or video support for European entity, but available through international site
User-friendly design
Price alerts and push notifications
Fee Report
Supporting various languages
Web, Mobile and Desktop versions
MT4 offered only by the international entity

Platform for Web Trading

All platforms support different versions that you can access either by loading through your browser without any installation that is very useful. MetaTrader will bring you all the advantages and powerful capabilities it provides, while cTrader webtrader also features a great design and look.

octafx trading platforms

Desktop Platform

Advanced traders would prefer a desktop version because it has much more customization capabilities and tools to use. Here, however, both apps are also available for download and are suitable for any operating system, iOS or Windows.

Look and Feel

Both platforms have a nice look and feel, but cTrader is more complex to understand as it is filled with advanced tools, yet the interface is easy to navigate and customize.

trading platform

Automated Trading

OctaFX Automated Trading capabilities are also useful for starting or skilled trading through the use of common EAs. You can either build your own one time or follow a specific strategy that is accessible through the group or on the marketplace.

The Mobile Trading Platform

The ios app is also available on both devices, while the applications are easy to use and offer a wide range of resources at the same time. MT5 mobile also offers various charting capabilities that are fantastic for mobile trading along with the full management of your account.

Customer Services

OctaFX Customer Support also provides its clients with 24-hour online support available via live chat, email and phone support in a variety of languages. It offers some of the best quality support with fast and reliable responses and a wide range of free lines around the world.

Quality customer support with live chatSupport not available 24/7
Fast response
octafx customer service

Training and Education

Unfortunately, there is no educational center or learning materials on the trading process provided by the Cyprus organization. OctaFX does not provide webinars, research and analysis, so they are not so good for complete beginners.

Nevertheless, OctaFX provides education and analysis through its international brand, along with limitless demo platforms that allow techniques to be implemented and the systems provided to be tested. So if you’re starting to be a trader, you might be able to see competition or take part in a course using other outlets.

However, we can forgive this missing point for OctaFX because there are really many benefits to the trading conditions they provide.

Free Unlimited Demo account availableNo education videos, webinars or learning materials were provided by the Cyprus entity. All education and analysis tools are included in the International offering.
Wide range of trading tools
Trading ideas and social trading options
Economic Indicators and News Feed


In addition to some of its high-quality trading offerings among the industry, all customers can enjoy stunning research tools and trading tools that are directly accessible via platforms. Along with other easy-to-use devices, including a calculator, a fantastic and transparent graph with a built-in News Feed and other important trading data for better trading.

Final Word

Overall, OctaFX Review shows us a broker with a high-quality trading strategy that also provides flexibility in terms of words, platforms and instruments that it proposes.

While before we had some concerns due to its operation only through an offshore entity, the trust is now at a certain good level as OctaFX is regulated by the European CySEC in line with the MiFID directive. It, therefore, means that its operation is aligned with the level of protection required by either of its entities.

What we also admit is high-tech access to a range of tools and multiple platforms for either manual, algorithmic or social trading. It is definitely a great benefit that OctaFX provides both the industry’s popular MetaTrader platform and the strong cTrader that is highly regarded by professional traders.

However, make sure to check the proposal of the particular OctaFX entity as the international brand offers slightly different terms than the Cyprus one. OctaFX’s international proposal includes more comprehensive tools and conditions, and MT4 materials for education and research.

OctaFX trading information

Deposit Bonus
Forex, Gold, Silver, Crypto, Indices
Demo Account
Min. Deposit
Min. Trade
0,01 lots
Regulated By
MT4 Integration
Mobile Apps
Auto Trading
Trade Signals
Islamic Account


0.5 pips
0.9 pips
0.9 pips


FTSE Spread
Oil Spread
Stocks Spread



Official OctaFX Registration



If you are the owner of this platform you can manage this account. First you need to claim the ownership of the platform.

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