Research tools provided by OctaFX include a well-detailed economic calendar which keeps you updated with all significant economic events and how they may impact you. Should you need it though, the customer service team is available through live chat, phone, and email to deal efficiently with any problems that may arise. It also provides for detailed analysis with market reports and more to offer. During this period you will be featured on a leaderboard for your virtual trades with the aim to reach the top where real prizes of up to $1,000 withdrawable money on MT4. All of the same withdrawal methods are also available as your deposit method.

This lets you adapt your charts depending on your strategy, whether you use multi-time frame analysis or are a scalper with tick charts you’ll find it easy to switch on MT4. Even at 0.90 pips, I found it’s roughly 18% cheaper than my industry average tests of 1.11 pips for EUR/USD, positioning Octa as a low-spread broker. Our broker reviews are reader supported and we may receive payment when you click on a partner site. Bitcoin, Ethereum, and Litecoin are available on the MetaTrader 4 platform. Market volatility presents several attractive profit-making opportunities when you use Forex robots, as they provide greater accuracy and speed in trading. EAs are programmed to monitor fluctuations in various currencies and automatically enter and exit market orders with trading logic used in the trading system.

If you’re unsure which platform is for you, I’ve created this 5-step questionnaire that will match your answers to help find the best forex trading platform for your trading style. Amongst the new features and platform improvements, you can still automate your trades with MetaTrader 5 and Expert Advisors. If you are interested in automating share CFDs, MT5 is the only platform on Octa to provide this. I was curious to know why they offer this as other brokers are not so generous when it comes to absorbing the swap costs. Octa said that offering swap-free accounts aligns with its business goal of serving a global clientele. You can develop your own set of rules for trade entries and exits with the help of automated trading robots (Expert Advisors), which help avoid instinctual blunders while trading.

The broker has a generous selection of high-quality trading tools which can be vital for analysing the markets and making informed decisions. There are some educational materials to assist beginners and help you to improve your trading knowledge. Regardless of your preferred trading strategy, they have accounts for all styles of trader, with differing levels of investment and experience. Opening a MetaTrader 4 demo account is the best way for a new trader to check out the platform, get familiar with the tools, and learn trading techniques. The account works like a real account, except it allows you to trade with virtual funds rather than real money.

OctaFX offers a great demo account that is easy to sign up for, just needing the most basic of your personal information and an email address. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local itrader review law or regulation. We do not provide financial advice, offer or make solicitation of any investments. Trading and investing in financial instruments comes with a high degree of risk and you can lose money. You should only engage in any such activity only if you are fully aware of the relevant risks.

• The CompareForexBrokers team created a trading platform selector so you can work out what trading software best matches your trading needs.
• The variable spreads start from 0.2 – 0.4 pips with a commission already rolled in and no other mark-up to worry about on your MT4 Micro, or MT5 Pro Account.
• I prefer seeing a broker regulated by multiple authorities, especially local regulators where clients are accepted such as CySEC.
• The designers create OctaFX platforms to suit traders of all skill levels, from beginners to seasoned professionals.
• It is great to see the broker supports clients with different religious beliefs although this is pretty standard nowadays.

OctaFX Tools

Information on the TopForx.com website is for informational purposes only and does not constitute any motive or suggestion for visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested, and only 11-25% of traders earn a profit. OctaTrader is a built-in trading platform available on the web and as an app. It provides currency rates and tools to track markets, news, and events like the Economic Calendar. They offer many investment opportunities to traders around the world.

Copy trading with OctaFX is perfect for beginners who are just starting with forex trading. By following experienced traders, you can learn the ropes of the market and develop your own trading skills. Meanwhile, experienced traders can use the platform to share their knowledge and expertise with others while earning additional income. OctaFX, a renowned broker in the industry, offers competitive trading conditions with its low plus500 review spreads and minimal commission structures. Both account types offered by OctaFX cater to different trading preferences and goals.

What Demo Account Does Octa Offer?

While Octa usually confirms withdrawals within 1-2 business days, remember to allow extra time for your bank to process the transaction. Trading hours are the times when a particular asset is available for trading. With OctaFX every asset except for crypto is available for trading on a 24/5 basis, Monday – Friday. This applies to all markets including forex, commodities, and cryptos. Managing risk is of course a vital element for any forex trader and broker combination.

Customer support is provided via online chat, telephone and email in English, Indonesian, Malay, Thai, Hindi, Urdu. They claim that a small percentage of clients actually contact customer support as their services are usually smooth and reliable enough. However, should you need them, they are there to answer your general and technical questions in a prompt and efficient manner.

• The Financial Services Authority (FSA) of Saint Vincent and the Grenadines regulates OctaFX.
• The platform itself is easy to use on both sides and provides you with a good ability to see the performance of other traders and a number of metrics.
• The accounts can be opened in a limited choice of currencies, USD and EUR.
• Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey.
• But if you need help or have questions, you can easily reach the Octa customer support team through live chat.
• Due to that, we highly recommend OctaFX as a great place to copy trade but caution you to remember that due to a limited number of assets, your portfolios can be less diversified.

Easier trading with MetaTrader 4

Out of the options available, I think MT5 is the best option with Octa as it has the most technical features while also offering all of the broker’s financial products. This is the first time I’ve seen swap-free accounts for all traders, regardless of location and beliefs, making Octa a truly low-cost broker by avoiding these fees. The other feature I liked was that you do not pay swap fees on your CFD positions, saving you money should you keep your trades open longer than 24 hours. This makes Octa an attractive option for stock trading CFDs as you won’t need to worry about swap fees cancelling any day’s profits, so you can keep the positions open. We strive to offer the best trading conditions on the market to make trading more effective for our traders.

I think having Octa Copy is a good alternative for beginners or those who don’t want to invest their time in learning how to trade. At least this way, you can copy an experienced trader and benefit from leveraged products such as forex, crypto or commodities like gold. Out of the platforms available, I believe MT5 is your best option overall as it allows you to trade all asset classes and improves on the features of the MT4. For example, the MT5 is faster thanks to being rebuilt using 64-bit architecture which means your execution times and price feeds are faster, and now allows you to trade stocks.

OctaFX Web Platform

This service is offered worldwide, regardless of whether it is hycm review required by the regulators or not. The spreads when trading here are also kept as tight as possible. The combination oflow spreads and fast execution speeds make this broker a great choice for scalpers. When choosing a broker, regulation is one of the first things that I look for. I would always prefer to trade with a regulated broker as it gives me the peace of mind that they will operate in an honest manner and can be trusted with my funds.

Here is a more detailed look at the wide range of top trading platforms you can expect to find when you are trading at OctaFX, and what they can provide you with. Taking a look at the CFD markets available from OctaFX, it is noted that they offer a little more than 70 assets in total. Some of them may not be available within every region or account type.

Which Markets does OctaFX offer?

You can diversify your portfolio with the broker offering gold, silver, crude oil and other commodities. You can trade from 10 of the most popular indices, including Dow Jones, NASDAQ, Nikkei and Eurostoxx 50. Octa Markets Cyprus Ltd does not offer its services to residents of the USA, Canada, Belgium, and the UK, as well as other jurisdictions outside the European Union. You have a selection of alerts you can receive, so I set it up to show all trading signals like candlestick patterns and chart patterns such as head and shoulders. I found the signals to clearly demonstrate the trading idea and the market commentary is a nice touch to help explain the move.

On mobile, press the + button on the first tab from the left and select all cryptocurrencies you would like to add to your instruments list. The margin calculator will then display the required margin for your trade. You can use this information to ensure that you have enough funds in your account to cover potential losses. It is perfect for those who want to diversify and use advanced tools for analysis and trading. Account opening is very much a standard process these days, but Octa does offer a particularly neat twist to the situation.

Bitcoin and cryptocurrencies can be traded on OctaFx but not bought outrightly. With this knowledge, we created our platform to help you make money through smart and well-controlled investments.

The client terminal and platform’s servers exchange data secured by RSA digital signatures through encrypted servers. OctaFX provides the tools and instruments to help you succeed in trading. Octa has made significant progress in a relatively short period of time.