OctaFX is an online Forex trading and broker service with reach in over 100 countries. With a simple forex account, you get access to users and companies from 100 countries and ability to make trades with them. OctaFX operates with multiple trading platforms including, MetaTrader 4 and cTrader. Other remarkable features include 50% bonus on each deposit, No commission fee, low spread from 0.2 pips, leverage up to 1:500 and access to ECN.
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OctaFX Review and Overview
OctaFX is a famous trading service with the lowest spread in the industry. It accepts payments through Paytm, Skrill, Neteller, VISA, and even Bitcoin. It has received many accolades throughout the years of service, such as – Best ECN Broker Asia, Best Forex ECN Broker, Best Customer Service Broker, and Best Mobile Trading App. It provides its trading services through the web and on Android phones through its app.
What makes OctaFX different in Forex Trading
OctaFX has taken top trading service spot rightly by providing users with features that other services have failed to deliver. OctaFX has very low spreads, which adds to the easiness of trade for users. Also, OctaFX charges no commission for trading, yes, it charges no commission on deposit, which gives it a spot ahead of every other service already.
It does not charge the Swap fee either. Swap or rollover fee is often charged by such services when you keep a position open for an extended period. OctaFX has no such provision, which enables everyone to make their mark in Forex Trading.
There have been numerous instances with most services where customers want to get out at a profitable price, but due to slippage error from the service end, the process ends up getting delayed, and it turns out to be a dull affair in case of the profits expected by the customer. OctaFX service has no slippage error record, and customers get the profit they are expecting through value at the instant.
Slippage has been a significant issue in this industry throughout the years, and OctaFX has turned out to be a potential game-changer in this field, which is gradually pushing customers towards it.
Traders or investors always want to go for high margin trades but pull out due to the risk of greater loss. OctaFX provides users with a 50% deposit bonus, and this turns the tables into user’s favor as they can now trade with higher margins without any issue.
In case of loss, users often fear that it might fall to the extent that account balance gets negative, and the next time they start, they’ll have to pay some amount to get the account working by taking the balance to zero. Fortunately, OctaFX protects in such cases as it does not let the balance fall below zero in any case. Negative balance? No worries, it does not exist here.
Company Name: OctaFX UK Limited
Company Address: 2 Devonshire Square, London, UK
Founded in: 2011
- Automated Trading
- MT4 Trading
- Web based Trading System