OctaFX review by - TopAsiaFX

OctaFX stands tall as one of the most renowned names in the realm of brokerages. With an impressive count of over 1.5 million live trading accounts, this brokerage came into existence in 2011 and proudly operated from Saint Vincent and the Grenadines.

But that's not all; OctaFX has established a second operational base nestled in the heart of Jakarta, Indonesia. Moreover, across the European continent, the brokerage operates as Octa Markets Cyprus Ltd, strategically positioned in Limassol, Cyprus, and regulated by CySEC.

Now, let's dive deeper into the remarkable journey of this broker, uncovering the numerous accolades it has earned and the monumental growth it has achieved.

OctaFX Pros & Cons


  • Wide range of trading instruments
  • Competitive spreads and commissions
  • User-friendly trading platforms (MT4 and MT5)
  • Excellent customer support
  • Comprehensive educational resources


  • Limited availability of trading platforms (MT4 and MT5 only)
  • No support for social trading platforms

OctaFX Account Types

Accounts Currencies Min. deposit Leverage Starting Spreads Demo Account Rollover Free Decimal Pricing Commission per trade Max. Lot Size Per Trade Min. Lot Size Per Trade
OctaTrader 32 currency pairs $25 Forex 1:500 (ZARJPY 1:100) Metals 1:200 Energies 1:100 Indices 1:50 Crypto 1:25 0.6 pips Yes Yes $0 50 lots 0.01 lot
mt5 32 currency pairs $25 Forex 1:500 (ZARJPY 1:100) Metals 1:200 Energies 1:100 Indices 1:50 Crypto 1:25 Stocks 1:20 Intraday assets 1:200 0.6 pips Yes Yes $0 500 lots 0.01 lot
mt4 32 currency pairs $25 Forex 1:500 (ZARJPY 1:100) Metals 1:200 Energies 1:100 Indices 1:50 Crypto 1:25 0.6 pips Yes Yes $0 200 lots 0.01 lot

Account Options

Broker Type Minimum Deposit Forex Majors Spread Maximum Leverage Min. Trade Size Scalping Hedging Free Demo USA Traders
ECN 20 0.1 500:1 0.01 lots Yes Yes Yes No

OctaFX Trading Platforms, Fees & Regulation

When it comes to trading platforms, OctaFX undoubtedly takes the lead with its extensive range of options, including:

  • MetaTrader 4 (MT4)
  • MetaTrader 5 (MT5)
  • WebTrader
  • cTrader

Let's explore each platform in more detail.

MT4 stands out as one of the most versatile and user-friendly trading platforms available. It offers a wide array of features, including the ability to use personalized Expert Advisors (EAs), over 30 trading indicators, advanced charts and graphs, market trends analysis, and much more! It's important to note that OctaFX exclusively provides the MT4 platform to its non-EU clients.

On the other hand, MT5 is accessible to all traders and is renowned as a next-generation platform for its exceptional performance and speed. MT5 offers over 8 pending orders, more than 44 analytical tools, various trading indicators, trading calendars, comprehensive trend analysis, and more!

In addition to MT4 and MT5, OctaFX also offers a web trader platform that is tailored for both MT4 and MT5 users. Furthermore, traders can access cTrader, a specialized platform designed specifically for Forex and CFD trading. cTrader boasts over 26 trading charts, more than 70 types of technical indicators, a wide range of timeframes, and numerous other features.

Mobile Trading:

OctaFX provides mobile trading apps for both Android and iOS devices, supporting MetaTrader 4 and cTrader platforms. Although the mobile trading app is highly customizable, it is worth noting that MT4 support is not available on this app.

Android AppYes
Apple iOS AppYes
Alerts - Basic FieldsYes
Watch ListYes
Watch List SyncingNo
Charting - Indicators / Studies30
Charting - Draw TrendlinesYes
Charting - Trendlines MoveableNo
Charting - Multiple Time FramesYes
Charting - Drawings AutosaveNo
Forex CalendarYes


In summary, OctaFX offers a seamless trading experience on both cTrader and MT4 platforms, making it an excellent choice for traders seeking quality and versatility.

  • ( CySEC, SVGFSA )
  • Yes
  • MT4, MT5, cTrader

OctaFX Top Features

OctaFX offers a wide selection of market assets, ensuring that traders have access to an extensive range of trading options. Here are the key categories and assets available:

  • Forex: OctaFX provides over 30 currency pairs for trading, offering ample opportunities to participate in the foreign exchange market.
  • Indices: Traders can choose from more than 10 indices, including prominent ones such as US30 and NASDAQ. These indices allow traders to speculate on the performance of various stock markets.
  • Commodities: OctaFX offers trading opportunities in precious metals like gold and silver, as well as energy commodities such as brent and crude oil. These commodities are popular among traders seeking diverse investment options.
  • Cryptocurrencies: Traders can delve into the world of cryptocurrencies with OctaFX. The platform supports the three most traded cryptocurrencies: BTC (Bitcoin), ETH (Ethereum), and LTC (Litecoin). This enables traders to participate in the dynamic and evolving crypto market.

With this diverse range of trading assets, OctaFX ensures that traders have access to various markets and instruments to suit their trading preferences and strategies.

OctaFX Compliance & Regulation

OctaFX, also recognized as Octa Markets Ltd, is a reputable brokerage company specializing in Foreign Exchange. It operates under the supervision of one of the most stringent regulatory bodies, CySEC. This regulatory authority empowers OctaFX to provide secure and reliable trading services to its clients. Operating under license number 372/18, OctaFX is headquartered in St. Vincent and the Grenadines.

In addition to CySEC regulation, Octa Markets Ltd is also subject to oversight by the Financial Services Authority (FSA). Although the FSA is not primarily known for regulating Forex brokers, OctaFX ensures that its clients enjoy negative balance protection, offering an additional layer of security for their trading activities.

OctaFX Service Details

Supported Languages English, Indonesian, Chinese, Malay, Portuguese, Spanish and Thai
Customer Service By Live Chat, Email
Service Hours 24/7
Email Response support@octafx.com

OctaFX Trading And Investment Tools

One Click Trading Yes
Stop Order Yes
Limit Order Yes
Trade off Charts No
Market Order Yes
24hr Trading Yes
Email Alerts Yes
Trailing Stop Order Yes
Charting Package Yes
Mobile Alerts Yes
OCO Orders Yes
Streaming News Feed Yes

OctaFX Pricing

Account Types and Spreads:

OctaFX offers three distinct types of trading accounts tailored for retail market traders:

  • Micro Trading Account
  • Pro Trading Account
  • ECN Trading Account

It's important to note that all trading accounts provided by OctaFX have a minimum trading volume of 0.01 lots.

The variations between these trading accounts lie in the spreads, available assets, and deposit amounts. The Micro and ECN accounts require a minimum deposit of 100 USD, while the PRO trading account has a minimum deposit requirement of 500 USD.

Additionally, OctaFX provides Islamic swap-free accounts, ensuring that Muslim traders can engage in trading without concerns related to halal or haram practices.

OctaFX is recognized for its competitive spreads, and they continue to deliver on that expectation. For example, they offer around 0.7 pips for EUR/USD, 2 pips for XAU/USD, 3.5 pips for NAS100, and 3.1 pips for BTC/USD. Moreover, they also offer fixed spreads accounts for MT4 trading accounts.

In terms of leverage, OctaFX provides up to 1:500 leverage for currency trading in MT4 accounts, while in MT5 accounts, it is set at 1:200. However, it's important to note that for European traders, the leverage rate is limited to 1:30 to comply with regulatory requirements.

Competitive spreads and transparent pricing are important factors for traders when choosing a broker. OctaFX offers tight spreads starting from 0 pips for certain account types, ensuring that traders can execute trades at favorable prices. Additionally, the broker operates on a commission-based structure for ECN accounts, which allows for greater transparency in pricing.

Deposit and Withdrawal Options:

The available transaction methods offered by OctaFX may vary depending on your country of residence. Generally, OctaFX supports the following methods:

  • Debit and Credit Cards
  • Perfect Money
  • BTC (Bitcoin)

However, the specific availability of these methods may differ based on your country.

For traders from Thailand, India, and Nigeria, OctaFX provides local bank transactions as an additional option for depositing and withdrawing funds.

It's important to note that the minimum deposit or withdrawal amounts vary depending on the chosen method. For Perfect Money, the minimum amount is 5 USD. For BTC and bank cards, the minimum deposit or withdrawal amount is 50 EUR or its equivalent in other currencies.

OctaFX does not charge any commissions for transactions, except when using Perfect Money, which applies a 0.5% fee on deposits. The withdrawal process for Perfect Money typically takes 1 to 3 hours to complete.

Please bear in mind that the availability and specific details of transaction methods may be subject to change and may vary based on your country of residence.

Deposit Methods

Withdrawl Methods

FAQ Section


Yes, simply switch on the Islamic option when opening a new trading account. Please note that swap-free accounts do not offer any benefits over regular accounts. There is a fixed fee for using swap-free accounts.
Commission = pip price * swap value of the currency pair.

The fee does not count as interest and depends on the direction of the position (i.e. buy or sell).


MT4 and MT5 trading hours are 24/5, starting at 00:00 on Monday and closing at 23:59 on Friday server time (EET/EST). cTrader server time zone is UTC +0, however, you can set your own time zone for charts and trading information in the right bottom corner of the platform.


3 hours

We usually process withdrawal requests for 1–3 hours, but it's up to your payment system how long it will take the money to reach the destination. For different local banks, these limits may vary.


Open MT4, then click "File" > "Login with trading account". In the pop-up window, enter your account number, trader password and select "OctaFX-Real' for real accounts or "OctaFX-Demo" if you log in with a demo account.


OctaFX offers CFDs on 10 of the most popular indices, including Dow JonesNASDAQ, Nikkei, and EuroStoxx.


OctaFX trading servers are in London. OctaFX has a wide network of servers and data centers located throughout Europe and Asia that ensures low latency and stable connection.


OctaFX is one of those Forex brokers that have an excellent reputation in the financial markets due to their unique service offering, which caters to the different requirements of a wide variety of retail traders.

  1. Submit the signup form to open your first account. Fill in all the required information and click "Open account", or simply sign up with your Facebook or Google account.
  2. Check your email for a message titled "Confirm your email address" and click the button "Confirm email" and you will be redirected to our site.
  3. Fill in all the required information and click "Continue", then select the trading platform: MT4, MT5, and cTrader. You can see Trading platform comparison here
  4. Select Make a deposit into the account. During this step, you'll get an email titled Welcome to OctaFX! It contains your trading account credentials and OctaFX PIN. Make sure you keep this email.
  5. Your trading account has been opened successfully! Select one of the deposit options to make a deposit, or click Or verify my identity to verify your Personal Area.

Please note: Make sure your credentials match your documents as you'll be asked to confirm your personal data during verification. Please also bear in mind that since you can only use your own bank account, credit/debit card, or e-currency wallet, your personal info should match the account or cardholder's name as well.

OctaFX User Experience

Customer Support:

OctaFX values its clients and provides 24/7 effective and active customer support to ensure they receive the best assistance. If you wish to contact OctaFX, you have various options available:

Telephone Support:

  • For non-EU clients: Dial +44 20 3322 1059
  • For EU clients: Dial +357 25 251 973

Email Communication:

You can reach out to OctaFX by sending an email with your queries or concerns. Their dedicated support team will respond promptly.

Live Chat:

Engage in a live chat with the OctaFX support team directly through their website. This enables you to get real-time assistance and quick responses to your inquiries.

Additionally, OctaFX maintains an active presence on social media platforms. By following their social media pages, you can stay updated on bonuses, promotions, and other important information.

OctaFX strives to provide comprehensive customer support, ensuring that clients have multiple channels to connect with them and receive the assistance they require.


OctaFX is a reliable and reputable brokerage firm that provides traders with comprehensive trading experience. With its diverse range of account types, user-friendly platforms, competitive pricing, and dedicated customer support, OctaFX is well-positioned to cater to the needs of both beginner and experienced traders. Whether you are looking to trade forex, commodities, indices, or cryptocurrencies, OctaFX offers a wide range of trading instruments to choose from. Take the opportunity to explore OctaFX and enhance your trading journey today.

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