OctaFX Review 2023 Review 2023

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OctaFX is an award-winning forex and CFD broker, founded in 2011. The Cyprus-based entity is regulated by the CySEC while the offshore branch is registered with SVGFSA. The ECN broker offers competitive trading conditions on its 80+ financial instruments, with tight spreads from 0.2 pips, fast execution speeds of 0.1 second and flexible leverage. OctaFX also offers two industry-leading platforms in MetaTrader 4 and MetaTrader 5, plus an in-house copy trading solution.


  • Demo account with access to unlimited virtual funds
  • Bonuses and contests available (non-EU)
  • Negative balance protection (Within EU)
  • Comprehensive educational content
  • High Leverage 1:500 (non-EU)
  • Excellent copy trading service
  • No deposit and withdrawal fees
  • Offers Islamic accounts
  • Low minimum deposit
  • Highly rated broker
  • MT4 and MT5 integration
  • Commission-free trading
  • Mobile app compatibility


  • No stock trading
  • Few payment methods
  • Zero pip spreads unavailable
  • The global entity is regulated offshore
  • Most Secure Broker Indonesia 2022- International Business Magazine
  • Best Global Broker Asia 2022- International Business Magazine
  • Best Forex Broker Pakistan 2022- Global Brands
  • Best Forex Broker India 2022- World Finance
  • Best Mobile Trading Platform 2022- FXDailyInfo
  • Best In Class For Social Copy Trading 2022- Forexbrokers.com
  • Best Trading Conditions Asia 2021- World Business Outlook
BonusUp to 50% deposit bonus
InstrumentsForex, CFDs, indices, commodities, cryptocurrencies
Demo AccountYes
Min. Deposit$100
Payment Methods
Min. Trade0.01 Lots
Regulated BySVGFSA, CySEC
MetaTrader 4Yes
MetaTrader 5Yes
Trading CentralNo
STP AccountNo
ECN AccountYes
DMA AccountNo
MAM AccountNo
PAMM AccountNo
LAMM AccountNo
Demat AccountNo
Mobile AppsYes (iOS & Android)
Margin TradingYes
Volatility IndexNo
Spot TradingYes
Perpetual SwapsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionYes
VPS HostingYes
Demo CompetitionsYes
Managed AccountsNo
Market MakerNo
Auto TradingYes
Social TradingYes
Copy TradingYes
Trade SignalsYes (EAs)
Islamic AccountYes
Account Currencies
  • USD
  • EUR
Inactivity Fee$0
Guaranteed Stop LossNo
Stock Exchanges
  • Dow Jones
  • FTSE UK Index
  • Nasdaq
  • Gasoline
  • Gold
  • Natural Gas
  • Oil
  • Silver
CFD TradingOctaFX offers leveraged CFDs on popular asset classes spanning forex, indices, commodities and cryptos. Traders benefit from ultra-fast execution speeds, reliable trading tools and zero commissions. There are also no restrictions on strategies, including hedging, scalping and automated trading.
CFD FTSE Spread1.8
CFD GBPUSD Spread1.1
CFD Oil Spread0.7
CFD Stocks SpreadVariable
CFD Leverage1:30 (EU), 1:500 (Global)
Forex TradingOctaFX offers leveraged trading on dozens of currencies with competitive spreads that average 0.9 pips on the EUR/USD. Clients also benefit from high-quality research from the team's analysts with insights into forex trends and news events, alongside technical analysis.
Forex GBPUSD Spread1.1
Forex EURUSD Spread0.7
Forex EURGBP Spread2.1
Forex Assets35
Crypto TradingTrade 30+ popular digital currencies paired with the USD, including big tokens like Bitcoin and Ethereum. EU traders can access 1:2 leverage while global traders can access rates of up to 1:25 on major tokens. Cryptos can be traded around the clock, including on weekends.
Crypto SpreadVariable
Crypto LendingNo
Crypto StakingNo
Crypto MiningNo
Crypto Auto Market MakerNo
Crypto Coins
  • AAVE
  • ADA
  • ALGO
  • ATOM
  • AVAX
  • BTB
  • BTC
  • DASH
  • DOGE
  • DOT
  • ETH
  • IOTA
  • LINK
  • LTC
  • MANA
  • NEAR
  • SOL
  • ZEC
Risk Warning – Your capital is at risk

OctaFX is a forex, CFD and copy trading broker offering the MT4 and MT5 platforms. In this 2023 broker review, our experts log in to the personal area and uncover the key features, including leverage, demo accounts, regulation and more. Read on to find out whether OctaFX is a good forex broker. Please note that the answer to this  question might depend on where you live.

Quick Facts

Key takeaways

  • OctaFX offers a promising service for beginners and experienced traders.
  • The broker offers fee-free deposits and withdrawals, plus Islamic accounts
  • They offer a free unlimited demo account.
  • Trading through MetaTrader4 and Metatrader 5.
  • Deposit money using VISA, Mastercard, Skrill, Neteller, FasaPay, wire transfer, Cryptocurrency
  • Commissions free trading
  • Offer high leverage. 1:50 EU, 1:500 rest of the world.
  • Mobile app for Android and iOS.
  • Regulated by the Financial Services Authority in St Vincent and the Grenadines (SVGFSA) and the Cyprus Securities and Exchange Commission (CySEC)
  • OctaFX offers a deposit bonus on all deposit. (Non EU only)


Overall score


The overall score might seem lower than what each category’s score indicates. This is due to the fact that OctaFC forex trading is unregulated outside of Europe. We consider it to be very important that a broker is regulated by a regulator who offers strong trader protection. The overall score is therefore adjusted down due to the broker being unregulated. We do not recommend that you use this broker if you live outside the EU. Choose another regulated broker instead.


This broker can be a good choice for you if you live within the EU and are satisfied with its limited selection of tradeable assets. It can also be a good choice if you are looking for a company that makes forex copy trading as easy as possible. If you prefer a broker that gives you access to a large selection of tradeable assets, then you are better off choosing another EU-regulated broker.

Score in each category

Can you trust OCTAFX?

Traders who live within the EU will have their accounts placed under Octa Markets Cyprus Ltd. Octa Markets Cyprus Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) and traders within EU can therefore trust OctaFX.

Traders living outside of EU will have their accounts placed under Octa Markets Incorporated. Octa Markets Incorporated does not have a license to offer forex trading and all trading is therefore unregulated. Traders outside EU can not trust OctaFX and should choose another forex broker instead.

Pros and Cons

Below you can see the most important benefits and drawbacks of trading with this broker.

✅ Pros

Traders enjoy several benefits when trading with OctaFX vs the likes of FBS, IQ Option and Exness:

  • Copy trading
  • Commission-free trading
  • Mobile app compatibility
  • Negative balance protection (Within EU)
  • No deposit & withdrawal fees
  • MetaTrader 4 and 5 platforms
  • Comprehensive educational content
  • Bonuses and contests available (non-EU)
  • High Leverage 1:500 (non-EU)
  • Demo account with access to unlimited virtual funds
  • Offers Islamic accounts


Compared to other brokers such as HotForex, XTB and OlympTrade, OctaFX does fall short in some areas:

  • No global stocks trading
  • Zero pip spreads unavailable
  • The global entity is regulated offshore
  • Few payment methods
  • Small selection of tradeable instruments

How To Place A Trade

Once you have opened and verified your account profile, you can begin trading.

When we used OctaFX’s trading terminals, the new order process was similar and relatively straightforward. First, search for an asset using the navigation bar. You can utilize either market watch or one-click execution.

To open a position, complete the order form by selecting ‘buy’ or ‘sell’ and amend the volume in lots. You can also add stop-loss or take-profit risk management alerts too.

Full editorial review

Tradeable Assets & Markets

OctaFX offers trade in 80+ instruments:

Trading Platforms

OctaFX offers two trading platforms; MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The award-winning terminals are available to download to Windows and Mac devices or can be used as web-based profiles. Useful download links and user guides are available on the broker’s website.

Both platforms are suitable for beginners, though our experts note that MT5 offers more advanced trading features.

MetaTrader 4

OctaFX broker review
MetaTrader 4

The MT4 platform is a trusted software used by both individual traders and institutions, due to its ease of use and flexibility.The terminal allows users to develop expert advisors (EAs) and technical indicators to suit individual trading styles. In addition to the 30 in-built technical indicators, advanced charting tools allow you to analyze price fluctuations and trends in the market, using three customizable chart and graph types. Additionally, MT4 offers nine timeframes, four pending order types and one-click trading.

Quick Facts MT4

Min Deposit $25

Min Position 0.01 lot

Spread Variable


Expert Advisors ✅

Hedging ✅

Trailing stop ✅

 Pending orders ✅

One-click trading ✅

Automated trading ✅


MetaTrader 5

OctaFX MetaTrader 5 review
MetaTrader 5

MT5 is the next-generation platform that offers all the benefits of its predecessor but with additional speed, accuracy and more advanced features.Users can enjoy eight pending order types, 44 analytical objects including Gann and Fibonacci Retracement, plus additional technical indicators which are unique to MT5, such as Trend Oscillators and Bill Williams’ tools. There is also an integrated economic calendar as well as two major accounting modes for greater flexibility; hedging and netting.

Quick Facts MT5

Min Deposit $25

Min Position 0.01 lot

Spread Variable


Expert Advisors ✅

Hedging ✅

Trailing stop ✅

 Pending orders ✅

One-click trading ✅

Automated trading ✅


Both platforms are compatible with several languages, including English, Arabic and Hindi.

Spreads & Fees

Trading fees vary depending on the account type and instrument, though when we used OctaFX, it was good to see no commissions. Instead, costs are integrated into the bid-ask spreads. These are floating rather than a fixed rate spread, therefore they may fluctuate during periods of high liquidity.

The average spread for the EUR/USD currency pair is 0.7 pips, while the USD/CAD is offered at 0.8 pips. Major indices, including the NASQAQ, are offered at an average 0.6 points, which is competitive. Spot gold and silver were offered at an average of 1.8 pips.

In June 2022, OctaFX also removed swap fees. This is a significant advantage for investors using mid-term and long-term strategies as charges will not be applied for any positions held overnight.

There is also no inactivity fee for dormant accounts or commission charges for deposits, withdrawals or currency exchange.

Trading fees

Fee Charged by OctaFX
Spreads Yes, between 0.6 pips to 1.0 pips on majors
Commission ❌ No put markups on raw spreads
Overnight fees ❌ No.
Live Price Feed / Stamp Duty/ Settlement Fee ❌ No.  Does not offer trading on financial instruments with this type of fee.
Currency Conversion Fee Might be added on certain spreads.

None trading fees/ account fees

Fee Charged by OctaFX
Deposit Fee ❌ No,  Your payment processor might charge a fee.
Withdrawal Fee ❌ No,  Your payment processor might charge a fee.
Inactivity Fee ❌ No.  OctaFX does not charge inactivity fees and does not try to pressure you to trade,
Account Fee
❌ No, all accounts are free

OctaFX Leverage

Score:   (Non-EU)
Score:   (EU)
When using the OctaFX platform, our experts were offered generous leverage limits up to 1:500. This means a $50 deposit would provide $50,000 in purchasing power. Although trading with significant leverage can increase profit prospects, it can also increase losses. Ensure you apply appropriate risk management strategies. The margin call/stop-out level is 25/15%.

Note that EU clients will be subject to ESMA leverage capping introduced in 2018. Investors can access maximum leverage of 1:30.

Internationale traders can enjoy the following leverages.

Mobile Apps

Both MetaTrader platforms are available as mobile apps, with a free download to iOS and Android (APK) devices. When using the MT4 and MT5 interfaces on mobile, you can be assured of platform stability, with fast execution speeds.

You can access all the tools, features and functionality found on the web terminals including one-click trading, chart customization and full order management.

Additionally, the broker also offers a proprietary mobile app. When we used the OctaFX app, it was easy to integrate an existing MetaTrader profile into the branded app. You can set SMS price alerts and app notifications of market movers. The application also permits full account management including live deposits and withdrawals and copy trading services.

octafx android app

Payment Methods



OctaFX does not have a deposit fee for any payment methods. Additionally, the broker covers any third-party charges that may be incurred from some services. Retail clients can deposit in all currencies, though account denominations are available in EUR and USD only. Live market currency conversion fees apply. Available deposit methods:

Deposit methods:

Payment Method Fee Minimum Amount Execution Time
Bitcoin Free 0.00037000 BTC 3 – 30 minutes
Skrill Free 50.00 USD Instant
Neteller Free 50.00 EUR Instant
Ethereum Free 0.020ETH 3 – 30 minutes
VISA / MasterCard Free 50.00 EUR Instant
Tether TRC-20 Free 50 USDTT 3 – 30 minutes
Tether ERC-20 Free 50 USDTE 3 – 30 minutes
Dogecoin Free 230 DOGE 3 – 30 minutes
Litecoin Free 0.30 LTC 3 – 30 minutes

Note, some local payment methods may also be offered depending on your country of residency. This includes international bank wire transfers for citizens of Thailand, India and Nigeria, for example.

All bank transfers are processed within 1-3 hours of a request. Other payment methods offer instant funding.

There is no maximum deposit limit.

ways to deposit money


Our experts were pleased to see no withdrawal fees at OctaFX. There are, however, minimum withdrawal limits for all payment methods, though these are minimal, including $5 for Skrill and Neteller.

All withdrawal requests are processed within 1-3 hours during business hours, though the time taken for funds to clear back to the original payment method may vary.

Withdrawal Methods

Withdrawal Method Minimum Amount Fee Execution Time
Bitcoin 0.00009000 BTC Free 1-4 hours
Skrill 5.00 USD Free 1-4 hours
Neteller 5.00 USD Free 1-4 hours
Ethereum 0.00500000 ETH Free 1-4 hours
Tether TRC-20 10.00000000 USDTT Free 1-4 hours
Tether ERC-20 10.00000000 USDTE Free 1-4 hours
Dogecoin 75.00000000 DOGE Free 1-4 hours
Litecoin 0.11000000 LTC Free 1-4 hours

Withdrawal Usually require 1-3 hours for the withdrawal to be approved and then up to 30 minutes for the funds to be transfered

Demo Account

A free demo account is available to OctaFX day traders on both MT4 and MT5. Clients can register and switch to a demo profile via the client portal.

When we used the OctaFX demo account, it was good to see emulated live market conditions and real-time prices. Paper trading accounts are a great way to practice investment strategies risk-free and learn platform terminal features and tools. Users can access unlimited virtual equity with flexible leverage.

Our experts were also offered the chance to win real funds by participating in the OctaFX Champion demo contest. Upcoming competitions, duration and rules can be found on the broker’s website.

Note, demo accounts are deactivated after 30 days of inactivity.

OctaFX Deals & Promotions

OctaFX (non-EU) offers several deposit bonus deals, including a 10, 30 or 50% bonus on each deposit. In addition, there are occasional Trade & Win promotions where traders can win gifts such as OctaFX t-shirts or gadgets. There are also contest opportunities, including the OctaFX 16 Cars contest where traders are entered into a car prize draw every three months, as well as the Champion Demo Contest for MT4 users.

Make sure to check all bonus terms and conditions before participating. When we used OctaFX’s deposit bonus scheme, we were only permitted to withdraw a reward after completing the minimum volume requirement. This is calculated as; bonus amount/2 standard lots. So, if you claim the 50% bonus on a $100 deposit, the minimum volume requirement will be 25 standard lots.

Regulation & Licensing

Score:  (Non-EU)
Score:   (EU)
license octafx

Octa Markets Incorporated is registered in St Vincent and the Grenadines. The online broker is licensed and regulated by the Financial Services Authority (SVGFSA). Our experts confirmed incorporation on 15th September 2011 and found an active regulatory registration under the trading name. It is important to note that SVGFSA does not regulated Forex trading nor binary options trading.[1] This means that all Forex trading done through OctaFX.com is unregulated.

Octa Markets Cyprus Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), under license number 372/18.[2] Octafx.eu, octamarkets.eu and their subdomains are regulated to offer forex trading.

OctaFX acts in full compliance with international legislation and regulation standards. With this, the broker guarantees segregated client funds and negative balance protection.

The broker accepts clients in 150+ countries, though it is worth checking which entity you will receive services from.

Additional Features

Traders benefit from a range of additional educational features and trading tools at OctaFX, including video tutorials and webinars, plus regular forex market insights and news. The brokerage also offers profit and margin calculators, as well as a forex signal service with the Autochartist plugin and live quotes.

After using the educational resources offered by OctaFX, we are confident that there is plenty of information for both beginners and experienced investors.

OctaFX trading review
Economic Calendar

Copy Trading

OctaFX also offers a copy trading service, available via an Android (APK) compatible mobile app or integrated into the MetaTrader platform. Users can benefit from stable earnings from a diversified portfolio by copying the most profitable traders.

The bespoke software enables users to track master traders and their live performance, control portfolios on the go, view how their funds are invested and manage risk in real-time.

How to use OctaFX mobile copy trading

  1. Download the OctaFX copy trading app: Download the app for Android from the Google Play Store.
  2. Launch the app on your mobile device: You will be prompted to sign up. Important: If you already have an account with OctaFX for manual trading, you can use that for copy trading as well. Simply enter your email and password, or sign in using Google or Facebook.
  3. Log in to the start screen; (When you have begun using OctaFX for copy trading, your present and past copy trading subscriptions will be displayed there.)
  4. Deposit money to your account:  to begin copy trading for real money, you must have enough money in your copy trading OctaFX account. If you already have money in your standard OctaFX account, you can quickly transfer it to your copy trading account within OctaFX. The other option is to make a deposit using any of the available deposit methods. You press the menu icon on the top left of the screen and tap “Deposit”. Select a deposit method and follow the on-screen instructions.
  5. Choose a trader to copy: It is up to you to decide which Master Traders to follow (copy). Go to the left-hand menu, then to “Copier Area” → “Go to Master Traders” Rating. You will now see a selection of available Master Traders and their respective ratings. They are sorted by risk score, but the filter feature allows you to sort them based on other factors, such as popularity or gain.To find out more about a Master Trader, simply tap on their name. You will now see information such as gain, profit and loss, order history, risk score, number of followers (copiers), and commission. Please note that the minimum permitted investment amount differs between the various Master Traders, so make sure you select Master Traders that are suitable for your bankroll and preferences.
  6. Start copy trading: When you are ready to begin investing, tap “Set up copying” at the top of the screen. Adjust the settings in accordance with your preferences, and then press Start Copying.

Account Types

There are two account types available at OctaFX, which are determined by the trading platform you are using; Micro (MT4) and Pro (MT5). Accounts are available in USD or EUR denominations. The minimum trade volume across all accounts is 0.01 lots and both profiles benefit from market execution in under 0.1 seconds.

The minimum deposit is USD100, regardless of what type pf account you choose to open.

Below you can compare the brokers two accounts:


  • $100 recommended deposit
  • Maximum trade size of 200 lots
  • Floating spreads, no commissions
  • Access to most trading instruments


  • $100 recommended deposit
  • Maximum trade size of 500 lots
  • Floating spreads, no commissions
  • Access to all trading instruments

There is also an Islamic swap-free account for those worried about whether trading is haram or halal.

Trading Hours

Trading times in the MT4 and MT5 platforms are 24/5, from 00:00 on Monday to 23:59 on Friday server time (EET/EST time zone). Cryptocurrency can be traded 24 hours per day, 365 days a year.

It could also be worth viewing the published session timetable via the broker’s terminal interface. This is particularly useful to stay up to date with upcoming market closures such as public holidays.

Security & Safety

OctaFX uses 128-bit SSL encryption and PIN codes in the personal area and trading platforms, which is the industry-standard security requirement for protecting personal data.

The broker also applies 3D secure Visa authorization when processing credit and debit card transactions. Also ensure you add additional security settings such as two-factor authentication (2FA) when using OctaFX platforms.

Customer Support

customer service

When using the services of OctaFX, day traders can be assured of 24/7 customer support. Contact methods include:

Note, the OctaFX website is available in a number of languages for clients from Indonesia, Malaysia, Pakistan and India.

How To Sign Up

The account opening process is simple and fast. ID documentation must be submitted in line with KYC requirements. In most cases, if your documents are submitted correctly, verification should only take up to three hours.

Note clients from the United States or the UK are not accepted at OctaFX or Octa Markets Cyprus Ltd.

OctaFX company details

OctaFX was established in 2011. The company’s mission is to provide outstanding forex and CFD trading services, via cost-effective, transparent conditions on a worldwide scale. The broker offers 80+ trading instruments including currency pairs, commodities, indices and cryptocurrencies.

The broker operates under three subsidiaries:

corporate structure octafx

Octa Markets Incorporated

Octa Markets Incorporated is the international branch of the broker. The company was established in St. Vincent and the Grenadines and is regulated with licensing from the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA). OctaFX uses this company to operate in 185 countries. The Saint Vincent and the Grenadines Financial Services Authority (SVGFSA) offer weak trader protection. Opening an account from one of the 185 countries where this license is used is considered high risk.

Octa Markets Cyprus Ltd

Octa Markets Cyprus Ltd is a Cyprus-based company regulated with licensing from the Cyprus Securities and Exchange Commission (CySEC). This is the company that OctaFX uses to offer forex trading within the European Union. Accounts belonging to traders who reside within the European Union will be placed within this company and will see their accounts regulated by CySEC. CySEC offers much better legal protection, and your legal protection is, therefore, a lot stronger if you open an account with Octa Markets Cyprus Ltd.

Octafx India Private Limited:

Octafx India Private Limited is an Indian company that Octa Markets incorporated and opened in 2019. The company is not licensed, and traders who open an account on Octafx India will see their accounts regulated under the license from the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA)

Market position

OctaFX has achieved a solid position in the financial trading markets, executing an impressive 1+ billion trades from over 10 million live customer accounts. The founder and owner have ensured the brand has amassed a global reach, with trading services now spanning 185+ countries. Most of the traders who use this broker are located in Indonesia, India or Malaysia.


Octa Markets Cyprus Ltd and Octafx India Private Limited are owned by Octa markets incorporated. Octa markets incorporated is a privately owned company and the exact owner and ownership structure are unknown.


  1. Financial Services Authority, St Vincent & The Grenadines. (February 3, 2022). UNLICENSED FOREX/BINARY OPTIONS – Financial Services Authority. https://svgfsa.com/unlicensed-forex-binary-options/
  2. Cyprus Securities and Exchange Commission. (n.d.) Octa Markets Cyprus Ltd. Retrieved December 14, 2022, from https://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/81668/

Accepted Countries

OctaFX accepts traders from Australia, Thailand, Canada, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use OctaFX from United States, United Kingdom.

Compare OctaFX

Compare OctaFX with similar brokers that accept traders from your location. Among available brokers these are the most similar to OctaFX:

  1. IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
  2. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
  3. Just2Trade – Just2Trade is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. The company has 155,000 clients from 130 countries and stands out for its huge suite of instruments and additional features, including a social network, robo advisors and a funded trader programme.
  4. Kwakol Markets – Kwakol Markets is a Nigerian headquartered broker with strong regulatory oversight in Australia and Canada. A great selection of asset classes are available, including synthetic products that simulate realistic market activity. Clients can trade on the MT4, MT5 and cTrader platforms, as well as a copy trading solution whereby a fee is only paid on profitable trades.

OctaFX Comparison Table

Compare OctaFX With Similar Brokers
OctaFX IG Group World Forex Just2Trade Kwakol Markets
Rating 4.1 4.4 4 3.5 4.5
Markets Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit $100 $0 $1 $100 $1
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Bonus Up to 50% deposit bonus 100% Deposit Bonus Up to $2,000 for professional accounts
Education Yes Yes No No No
Platforms MT4, MT5 MT4 MT4, MT5 MT4, MT5 MT4, MT5
Leverage 1:30 (EU), 1:500 (Global) 1:30 (Retail), 1:250 (Pro) 1:1000 1:20 1:1000
Payment Methods 8 6 10 20 4
Detailed Comparison OctaFX vs IG Group OctaFX vs World Forex OctaFX vs Just2Trade OctaFX vs Kwakol Markets
Review OctaFX
IG Group
World Forex
Kwakol Markets

Compare Trading Instruments

Compare OctaFX Trading Instruments
OctaFX IG Group World Forex Just2Trade Kwakol Markets
CFD Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Stocks Yes Yes Yes Yes Yes
Commodities Yes Yes Yes Yes Yes
Oil Yes Yes Yes Yes Yes
Gold Yes Yes Yes Yes Yes
Copper No Yes No No Yes
Silver Yes Yes Yes Yes Yes
Corn No No No No No
Crypto Yes Yes Yes Yes Yes
Futures No Yes No Yes No
Options No Yes No Yes No
ETFs No Yes No Yes No
Bonds No Yes No Yes No
Warrants No Yes No No No
Spreadbetting No Yes No No No
Volatility Index No Yes No No No

OctaFX vs Other Brokers

Compare OctaFX with any other broker by selecting the other broker below.

OctaFX vs

The most popular OctaFX comparisons:

  1. OctaFX vs eToro
  2. Eightcap vs OctaFX
  3. OctaFX vs XM
  4. OctaFX vs Pepperstone
  5. FBS vs OctaFX
  6. OctaFX vs IQ Option
  7. OctaFX vs Exness
  8. HotForex vs OctaFX
  9. OctaFX vs Olymp Trade


Is OctaFX A Legit Company And Regulated Broker?

OctaFX is a legitimate company registered in Saint Vincent and the Grenadines and regulated by the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA). The EU entity is registered in Limassol, Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC). If you’re unsure whether a broker is a scam or a legit company, read our guide and check out customer reviews online.

Is OctaFX A Market Maker?

OctaFX is a No Dealing Desk (NDD) broker and therefore acts as an intermediary between the trader and the market. OctaFX receives commissions from its liquidity providers for each transaction.

How Do I Delete My OctaFX Trading Account?

To delete your OctaFX trading account, you will need to get in touch with the customer support team. Note, accounts are automatically deactivated if you never deposit or sign in to them.

How Do I Open A Copy Trading Account At OctaFX?

You can sign up and login to the OctaFX copy trading service in a few easy steps. Once you login to your personal area, you can set up your copy trading profile and deposit to your wallet. You can also sign in to your new account using the Android app.

Why Was My OctaFX Withdrawal Rejected?

If you encounter a withdrawal problem when using the OctaFX trading platform, you will receive a notification in an email explaining the issue. Alternatively, if you need to cancel a withdrawal, you can do this within your personal area.

Does OctaFX Offer Any Free Bonus Deals?

OctaFX offers a 10%, 30% or 50% deposit bonus deal. No other promo codes or no-deposit bonus deals are currently available. Check out the bonus terms and conditions before participating.

No. OctaFX does not have authorization from the Reserve Bank of India (RBI). They are not authorized to offer forex trading in India. In September 2022, the Indian Enforcement Directorate (ED) froze several bank accounts belonging to OctaFX India and related companies for illegal forex trading. It is not illegal for you to use OctaFX to trade forex, but it is illegal for them to offer forex trading, and this causes extra risk for you as a trader as you risk losing money due to the Indian Enforcement Directorate (ED) freezing more of the brokers’ accounts.

Similarly, the State Bank of Pakistan has declared forex trading platforms illegal in Pakistan.

OctaFX is an award-winning forex and CFD broker, founded in 2011. The Cyprus-based entity is regulated by the CySEC while the offshore branch is registered with SVGFSA. The ECN broker offers competitive trading conditions on its 80+ financial instruments, with tight spreads from 0.2 pips, fast execution speeds of 0.1 second and flexible leverage. OctaFX also offers two industry-leading platforms in MetaTrader 4 and MetaTrader 5, plus an in-house copy trading solution.

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