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Octa Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-01-23 14:08

Abstract:Founded in 2011, Octa a regulated broker registered in Cyprus, offering trading in currrency pairs, gold/silver, commodities, indices, and cryptos on OctaTrader, Web platform, and Android platforms.

Quick Octa Review Summary
Founded2011
Registered Country/RegionCyprus
RegulationRegulated by CYSEC
Market InstrumentsCurrrency pairs, gold/silver, commodities, indices, cryptos
Demo Account✅
Min Deposit50 EUR
LeverageUp to 1:30
EUR/USD SpreadFloating around 1.1 pips
Trading PlatformOctaTrader, Web platform, Android
Payment MethodsSwissquote, BluOr Bank, RIETUMU
Deposit & Withdrawal Fee❌
Customer Support9 a.m. – 6 p.m. UTC+3
Email: clientsupport@octaeu.com
Regional RestrictionsBelgium, the USA, Canada, Spain, and the UK, as well as to jurisdictions outside the European Economic Area (EEA) except Switzerland

Octa Information

  Founded in 2011, Octa a regulated broker registered in Cyprus, offering trading in currrency pairs, gold/silver, commodities, indices, and cryptos on OctaTrader, Web platform, and Android platforms.

OctaFX's home page

Pros and Cons

Pros Cons
Regulated by CYSECRegional restrictions
Various tradable instrumentsMT4/MT5 unavailable
Demo accounts availableLimited payment options
Tight EUR/USD spreadNo 24/7 customer support
No fees for deposits and withdrawals

Is Octa Legit?

  Yes. Octa is currently regulated by Cyprus Securities and Exchange Commission (CySEC).

Regulated CountryRegulated byRegulated EntityLicense TypeLicense Number
Cyprus
CySECOcta Markets Cyprus LtdMarket Making (MM)372/18
Is Octa Legit?
Is Octa Legit?

What Can I Trade on Octa?

  Octa offers trading in currrency pairs, gold/silver, commodities, indices, and cryptos.

Tradable Instruments Supported
Currency pairs✔
Gold & Silver✔
Commodities✔
Indices✔
Cryptos✔
Stocks❌
Bonds❌
Options❌
ETFs❌

Leverage

  The maximum leverage vary on the asset class. Detailed info can be found in the table below:

Asset ClassMax Leverage
Currency pairs1:30
Gold & Silver1:20
Commodities1:10
Indices1:20
Cryptos1:25

  It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Leverage

Spread and Commission

  Octa offers commission-free trading and the EUR/USD spread is floating around 1.1 pips. If you are interested in spreads on other trading instruments, you can visit https://www.octaeu.com/spreads/

Spread

Trading Platform

  Octa has a built-in proprietary trading platform - OctaTrader available on the Web, Desktop, and Android versions.

OctaTrader

Deposit and Withdrawal

  Octa supports very limited payment options, only Swissquote, BluOr Bank, and RIETUMU.

  The minimum deposit or withdrawal amount are both 50 EUR.

  All deposits and withdrawals are free of charge, and can be processed within 3-7 business days.

Deposit details
Withdrawal details

Customer Support Options

  Octa provides email instead of phone or live chat contact, which will result in traders being unable to deal with emergencies on time. You can also follow them on some social platforms, such as Facebook, Twitter, and Instagram.

Contact Options Details
Email clientsupport@octaeu.com
Social Media Facebook, Twitter, Instagram
Website Language English, Italian
Physical Address 1 Agias Zonis and Thessalonikis Corner, Nicolaou PentadromosCenter, Block: B', Office: 201,3026, Limassol, Cyprus
Customer Support Options

Related broker

Regulated
Octa
Company name:Octa Markets LTD
Score
6.24
Website:https://www.octafx.com/
5-10 years | Regulated in Cyprus | Market Maker (MM) | MT4 Full License
Score
6.24

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