Users can decide to view prices of their chosen trading instruments in advanced mode, showing its spread and daily highs or in simple mode without the extra information. The term forex broker rating leverage is the ability to have access to added funds – margin – when trading financial instruments. Although increasing your margin could boost your market exposure, it also raises your vulnerability to losses.

MetaTrader 4 for Android

• We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews.
• It is the ideal way to get to know more about a broker or the industry.
• To start trading, you need to create a Trading Account in your Personal Area.
• With the reliability of MetaTrader and the flexibility of the web platform, traders can have a smooth trading experience.
• OctaFX, a renowned broker in the industry, offers competitive trading conditions with its low spreads and minimal commission structures.

They also cover the deposit and withdrawal fees that third parties (like Skrill, Neteller and others) may apply. However, with deposits using bank cards, your card issuer may charge some fee for processing the transactions. The spread for all available currency pairs offered by OctaFx – including major, minor and exotic pairs are listed in the table below.

MT4 Account

They are available with trading through MT4 and MT5, though the broker does charge an additional mark-up fee to cover for the rollover fee which is not in place. OctaFX Islamic accounts are available quickly and conveniently where needed by simply clicking “swap-free” when you open a new account. If you need an OctaFX Islamic account, then these are also available.

I also found an interesting feature called Spaces where you can customise an area with trading alerts and real-time news announcements. MetaTrader 5, and OctaTrader giving you a decent choice for personalising the way you can trade with the broker. For example, by choosing one of nine different timeframes (including one minute, five minutes, one hour, daily, weekly, monthly, and more). You can also add graphical objects to the charts, such as shapes (rectangle, triangle, ellipse), arrows, and text.

OctaFX Pros and Cons

MetaTrader 4 is available as a web platform compatible with Windows, Linux, and macOS. MT4 can also be accessed via Android, Windows, iOS, and macOS apps. For those seeking a cost-efficient and transparent broker, OctaFX sets itself apart by prioritizing its clients’ financial interests. The Cyprus Securities and Exchange Commission (CySEC) regulates OctaFX.

Again the platform is available on all mediums and a webtrader is offered. MT5 is also equally lightweight and can run on almost any device. Overall, this is an excellent hybrid combination that can secure the best market prices, lowest spreads, and fastest trade execution.

MetaTrader 4 free trading software

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. In fact, the platform and broker have won many awards for this service. 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. You will also find fixed spreads available on the MT4 Micro account that start from 2 pips. You can request a human agent who was surprisingly not as helpful as the AI with canned answers and no depth of product knowledge.

I recommend you complete the short 5 step questionnaire which will help you determine your most suitable forex platform. If you want to see how Octa’s spreads compete with other Malaysian brokers, I created a simple trading cost tool that you can use. It’s easy to add cryptocurrencies to your list of instruments on the MT4 platform. On desktop, simply right-click on the list of symbols and select the Show All option.

Whether you are an experienced trader or a beginner, OctaFX has what you need. Many traders recognize OctaFX for its low spreads and easy-to-use platforms. It focuses on customer needs, making it a top choice for new and experienced traders. axitrader review Upgrading to a live account requires a bit more leg-work but is by no means arduous.

What is the minimum deposit for OctaFX?

The OctaTrader platform is innovative, modern, and very well suited for beginners. There is an element of simplicity that you find in many of the more bespoke platforms designed for the modern user that many will enjoy. Our expert guides and analysis have everything you need to hit the ground running.

The in-house Octa copy trading function is a welcome addition to the suite of services. Its OctaFX.eu arm is regulated by CySec (Cyprus Securities and Exchange Commission) and has offices worldwide. The firm has a strong foothold in the Asian market through its offering an outstanding trade execution service that appeals to traders from all corners of the world. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

• Filippo Ucchino is the founder and CEO of the brand InvestinGoal and the owning company 2FC Financial Srl.
• The OctaTrader platform is innovative, modern, and very well suited for beginners.
• Choose from 300+ trading instruments, including shares, commodities, and indices.
• It is known to be quite popular among intraday trading pros and algorithmic traders thanks to its advanced features.
• Scope Markets is a global online trading broker that offers institutional and retail trading services to businesses and traders.

A lot of brokers consider them mutually exclusive, so only offer one, if any at all. This section includes details of the basic operations of the financial markets. There is an economic calendar, daily analysis posts, as well as trading signals and market insights.

All of this confirms Octa’s status and reputation in the industry. It has operated under various licenses, including one from SVG, ran a branch in the UK, but stopped it in 2017 and chose Cyprus as its next base. The platform can be accessed through Windows, Mac, iOS, or Android, and is an excellent and very well-respected trading platform among the community.

The broker takes advantage of some of its clients being domiciled in regions that still permit promotions, and those clients can benefit from a range of offers. Account security — in line with the guidelines provided by the better regulators, Octa keeps client funds in segregated accounts. Octa is so confident about its pricing that there is a section of its homepage dedicated to sharing the live spread on some major forex pairs.

Depending on the market’s volatility, clients can expect to pay a minimum spread of 0.6 pips on trading pairs like GBP/USD and EUR/USD. Commodities like Gold and Silver are on the other hand, tradable on spot for a minimum spread of 1.9 pips and 2.0 pips respectively. Octa MetaTrader 5 offers automated trading indicators and important trading patterns. Traders get 21 timestamps, graphs, and support for additional order products. The exclusive MT5 Pro account offers 45 trading tools with a $500 deposit and meets higher margin requirements.

The live chat is 24/7 which is great to see, but the experience I’d say is a mixed bag. I like that you don’t have to fill out a questionnaire for support, you are taken directly to help in the form of AI. I was impressed with the etoro efficiency and low-cost approach to depositing and withdrawing with Octa. The range of deposit methods is decent, covering traditional, e-wallet and crypto, giving you a great choice of how to deposit (and withdraw) with no fees. Crypto is the slowest to deposit with 3-30 minutes which is still extremely fast in my books as some brokers can take 24 hours to credit your account. I prefer seeing a broker regulated by multiple authorities, especially local regulators where clients are accepted such as CySEC.