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OCTAFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-25 19:58

Abstract：OCTAFX is a broker. The tradable instruments, with three account types with a maximum leverage of 1:1000, such as Octa Trader, MetaTrader 5, and MetaTrader, include currency pairs, commodities, indices, stocks, and shares. The minimum spread is from 0.6 pips and the minimum deposit is $25. OCTAFX is still risky due to its unregulated status and high leverage.

OCTAFXReview Summary
Founded	2-5 years
Registered Country/Region	China
Regulation	Unregulated
Market Instruments	Currency pairs, Commodities, Indices, Stocks, and Shares
Demo Account	✔
Leverage	Up to 1:1000
Spread	From 0.6 pips
Trading Platform	MT4/MT5(Web, Android, Windows, macOS)/Octa Trader(Web, Android, iOS)
Min Deposit	$25
Customer Support	Social Media: Facebook, Twitter, Instagram, YouTube

OCTAFX Information

　　OCTAFX is a broker. The tradable instruments, with three account types with a maximum leverage of 1:1000, such as Octa Trader, MetaTrader 5, and MetaTrader, include currency pairs, commodities, indices, stocks, and shares. The minimum spread is from 0.6 pipsand the minimum deposit is $25. OCTAFX is still risky due to its unregulated status and high leverage.

Pros and Cons

Pros	Cons
Leverage up to 1:1000	Unregulated
Spread from 0.6 pips	No phone calls or online chat
Demo account available
MT4/MT5 available
24/7 customer support

Is OCTAFX Legit?

　　OCTAFX is not regulated, which makes it less safe than regulated brokers.

What Can I Trade on OCTAFX?

　　Traders can choose different investment directions because the broker provides currency pairs, commodities, indices, stocks, and shares.

Tradable Instruments	Supported
Currency pairs	✔
Commodities	✔
Indices	✔
Stocks	✔
Shares	✔
Shares	❌
ETFs	❌
Bonds	❌
Mutual Funds	❌

Account Type

　　Traders open an account with the same minimum deposit for Octa Trader, MetaTrader 5, or MetaTrader. Traders who want more instruments can choose a MetaTrader 5 account.

Account Type	OctaTrader	MetaTrader 5	MetaTrader
Spread from	0.6 pips	0.6 pips	0.6 pips
Trading commission	$0	$0	$0
No deposit or withdrawal fee	Yes	Yes	Yes
Mini. deposit	$25	$25	$25
Instruments	80	277	80

OCTAFX Fees

　　NO commission and swaps and the spread starts from 0.6 pips.

Leverage

　　The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.

Trading Platform

　　OCTAFX provides Octa Trader, a build-in platform, for Web, Android, and iOS, along with an authoritative MT4/MT5 trading platform for Web, Android, Windows, and macOS versions.

Trading Platform	Supported	Available Devices
MT4	✔	Web, Android, Windows, macOS
MT5	✔	Web, Android, Windows, macOS
Octa Trader	✔	Web, Android, iOS

Deposit and Withdrawal

　　The minimum deposit is $25. OCTAFX offers multiple deposit and withdrawal methods, including Visa, Mastercard, local banks, skrill, Neteller, Bitcoin, Ethereum, and many more. Withdrawals usually take no longer than 3 hours.

Customer Support Options

　　OCTAFX provides 24/7 customer support, and traders can learn via social media, such as Facebook, Twitter, Instagram, YouTube, and more.

Contact Options	Details
Social Media	Facebook, Twitter, Instagram, YouTube
Supported Language	English
Website Language	English
Physical Address	Not mentioned