OctaFX

OctaFX

By: OctaFX UK Limited

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.

From: UK
Top OctaFX Alternatives
  • IQ Option
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Top OctaFX Alternatives and Overview

1

IQ Option

IQ Option is among the most popular forex trading platform that is continuously evolving with the current market needs.

By: QOPTION LTD From St. Vincent and the Grenadines
2

Plus500

Plus500 is an online trading software available for Windows that allows users to trade online right from their Personal computers.

By: Plus500UK Ltd. From UK
3

Avatrade

Avatrade is an online broker providing services in foreign exchange (forex) and contract for difference (CFD).

By: Ava Trade Ltd. From Ireland
4

XM.com

XM.com is a brokerage tool offering online Forex trading services to clients all over the world.

By: Trading Point Holdings Ltd. From Cyprus
5

OANDA

Onada is a complete Forex trading platform offering various services including Forex trading, Currency Converter and Exchange Rates services.

By: OANDA Corporation. From USA
Based on 17 Votes
6

eToro

eToro is a social trading and brokerage tool that allows its users and clients to watch online the financial trading activity of other users, learn from them and make their own trades.

By: eToro (Europe) Ltd. From Cyprus
Based on 5 Votes
7

Exness

With the availability in 23 languages, Exness makes it easy for people from different countries...

By: Exness (cy) Ltd From Cyprus
8

Zulu

With an easy to make trading account, you can deal, discuss and trade with users...

By: ZuluTrade Inc. From Greece
9

IFCMarkets

IFCMarkets provides their services in Forex & CFD markets on stocks, commodities, currencies and indices...

By: Ifcmarkets. Corp. From British Virgin Islands
10

Roboforex

The online platform is equipped with a number of services including variety of Forex trading...

By: RoboForex (CY) Ltd From New Zealand
11

SaxoBank

All you need is a single account with SaxoBank and then, you can rely on...

By: Saxo Bank A/S From Denmark
12

XTB

XTB works on a web based trading platform named, xStation that allows users to trade...

By: XTB Limited From UK
13

HotForex

Starting from an easy account to various trading software and tools make it easy for...

By: HF Markets Ltd. From Mauritius
14

FxPro

The company mainly deals on the MetaTrader 4 and its own cTrader trading platforms...

By: FxPro Group Ltd From UK
Based on 1 Vote
15

FXCM

You can start with a practice account that allows you to get familiar with forex...

By: FXCM, Inc From USA
Based on 2 Votes

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.

Unique benefits

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 Information

Company Name: OctaFX UK Limited

Company Address: 2 Devonshire Square, London, UK

Founded in: 2011

Top Features

  • Automated Trading
  • ECN
  • MT4 Trading
  • Web based Trading System
Core Features
  • Analytics