OctaFX Review

Regulation : IFSA (St. Vincent and Grenadines)

Accepts US Clients: No

Min. Deposit : $5

Leverage : 1:500

Platforms : MT4 (PC,Mac,iOS,Android,Mobile)

We Like

  • True ECN/STP service
  • Trade execution is one of the best
  • Free market analysis and attractive promotional offers

We Don't Like

  • No automated trading
  • Do not provide charting packages and trading signals
  • Absence of OCO orders
The Verdict :

Trading with an ECN/STP broker with low spread is an opportunity for scalpers. There are many brokers offer STP/ECN trading, but those require higher initial deposit than OctaFX. The execution speed of this broker is just superb. They are also very active in case of customer support.

  • Expert Opinion
  • User reviews
  • Specifications
Platform:
Trading PlatformsMetatrader 4 for PC, Metatrader 4 for iOS, Metatrader 4 for Android, Metatrader 4 Mobile
OS CompatibilityMac, Windows, Mobile, Web, iPhone, iPad
Mobile TradingYes
Web Based TradingYes
Platform LanguagesChinese, English, Indonesian
Addition ServicesStreaming News Feed, Charting Packages, Trading Signals
Other Tradable InstrumentsNA
HedgingYes
ScalpingYes
Trailing StopYes
One Click TradingYes
Automated TradingNo
OCO OrdersNo
Account Details :
Max Leverage1:500
Min. Initial DepositECN Account - $50
Micro Account - $5
CommissionsNo
Typical Spread (Majors)EUR/USD – 1 pip
Deposit OptionsCredit Cards, MoneyBookers, Wire Transfer, Indonesia Local Banks, FasaPay, Perfect Money, CashU
Withdrawal OptionsMoneyBookers, Wire Transfer, Indonesia Local Banks, Perfect Money
Demo AccountYes
Account TypesECN, Micro, IB, Swap Free
Number of pairs offered28
Dealing DeskECN/STP
Additional FeaturesFree education, Economic Calendar, Forex Calculator, Trading Contents, World Banks Interest Rates
Bonus and Promotion:
No Deposit Bonus$8
First Deposit Bonus30% of initial deposit
Other Promotional OffersOctaFx Champion Demo Contest, King of the Road Real Contest
Company Information :
Headquarter InCedar Hill Crest, P.O. Villa, St. Vincent and the Grenadines
Established Year2011
Regulating AuthorityIFSA (St. Vincent and Grenadines)
Websitewww.octafx.com
US Clients AcceptedNo
Customer Support LanguagesEnglish, Chinese, Bahasa Indonesia
Support by24/5 Phone, Email, Live Chat