This rich video content is complemented by 70+ written articles on the OCTA website, giving traders multiple ways to learn. Its library is packed with webinars, videos, articles, and courses covering everything from technical and fundamental analysis to trading psychology and risk management. OCTA delivers a well-rounded and diverse educational hub, giving beginners a complete 360° view of the trading world.
Octa emphasizes trader safety through segregated accounts, SSL encryption, and stringent withdrawal procedures. Octa empowers traders with free educational resources such as webinars, articles, and advanced analysis tools. 🛡️Regulated and trusted by CySEC, MISA, FSC, and FSCA🛡️3158 new traders chose this broker in the last 90 days.🛡️Available for global Traders. What sets Rational FX apart is its rigorous evaluation process, which considers over 30 different criteria when selecting forex brokers.
With 24/7 availability, multilingual support, and comprehensive resources, OctaFX ensures traders receive the guidance and help they need at any time. By offering a range of payment methods with swift processing times and zero fees, OctaFX ensures that managing your trading funds is both efficient and economical. OctaFX offers a variety of deposit and withdrawal methods to accommodate traders worldwide, ensuring transactions are convenient, fast, and cost-effective. OctaFX offers highly competitive trading conditions designed to enhance the trading experience for both beginners and professionals. They also offer real-time market updates, one-click trading, and multiple order execution options to enhance trading efficiency.
- Once approved you can expect the funds to be in your bank account/wallet within 30 minutes which is extremely good service in my opinion.
- @Octafx No response even after submitting documents multiple times.
- The OctaTrader account offers the best overall conditions of the bunch, but it doesn’t support algorithmic or stock trading.
- Octa attracts traders with a low minimum deposit, zero trading fees, and high leverage.
- Octa Cyprus entity together with its operations established under ESMA rules offers lower leverage levels as defined by the regulator.
Trading Conditions
Yes, Octa offers beginner-friendly features like demo accounts, educational resources, and copy trading. Octa offers a single account type with adjustable leverage, Islamic account options, and low spreads. These platforms support advanced charting, automation via Expert Advisors (EAs), and mobile trading through Android and iOS devices. These educational resources make Octa an ideal platform for traders looking to learn, practice, and improve their trading skills in a structured and supportive environment. With fast processing times and a generous 50% deposit bonus, Octa makes funding and managing your trading account seamless and rewarding. Octa offers a broad range of trading instruments suited for both casual and professional traders.
MT4 moved to Web trader without my knowledge
With a low minimum deposit of $25, zero commissions, and tailored instrument access, traders can select the platform that best matches their trading style. Octa does not charge trading commissions or fees on deposits and withdrawals, allowing traders to retain more of their profits and manage their funds more efficiently. Octa offers a reliable and accessible trading platform for traders globally. Though Octa provides access to its proprietary OctaTrader web trading platform, Octa is primarily a MetaTrader broker, offering MetaQuotes Software Corporation’s suite of platforms that include MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Octa has made great strides with innovation in its web platform, and new educational content, but offers a limited range of tradeable instruments compared to the best multi-asset brokers. Octa (formerly OctaFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform.
Overall, Octa’s mobile apps provide a flexible and convenient trading experience, allowing traders to manage accounts and execute strategies effectively from anywhere in the world. Octa offers Islamic trading accounts built for Muslim traders who follow Sharia law. All Octa accounts have a minimum deposit of just $25 and carry no deposit, withdrawal, or trading commission fees.
OCTA Main Features
WE’re genuinely sorry you’re facing difficulties on the Octa platform after the maintenance. Dear DR,Thank you for taking the time to share your feedback. We’re here to review every detail and make sure everything on your account works exactly as it should.Kind regards,Octa Rep. Your past trading history remains intact and is available in your Personal Area under the Closed Accounts section; funds and bonuses were transferred together with your positions.Please note that while we do our best to ensure a seamless transfer, occasional errors can occur.
Insights from Real Traders
With perks like low spreads and no swaps, it’s a win-win for both partners and traders. As a long-time trader, I’ve recently started promoting Octa, and it’s been a great experience. Octa’s low spreads and 50% deposit bonus make it easy to attract clients. Octa’s affiliate program offers a profitable opportunity for Introducing Brokers (IBs) and marketers to earn passive income. No, Octa does not charge any fees for deposits or withdrawals. From bank transfers to cryptocurrencies and e-wallets, traders enjoy quick transactions and a 50% deposit bonus, making Octa both convenient and rewarding.
How does OctaVision enhance trading performance?
Octa is a trusted broker that offers Contracts for Difference (CFDs) and competitive spreads across 300 trading instruments. Overall, Octa has made significant progress even though it still has a long way to go if it wants to compete with the trading platforms offered by the best forex brokers in the industry. Our researchers open personal brokerage accounts and test all available platforms on desktop, web, and mobile for each broker reviewed on ForexBrokers.com. I worst experience ever i made deposit around 100 usdt in LunarCapitalfx account. It offers commission-free access to financial markets and a variety of services already utilised by clients from 160 countries with more than 42 million trading accounts.
Octa Desktop MetaTrader 4 Platform
Please be assured that Octa operates as a regulated broker and follows strict security and compliance procedures to protect our clients and their funds.At the moment, we’re unable to locate your details in our system. Please don’t put all hard money in this platform. We’re also sorry about the one-off deposit delay after the scheduled maintenance. We’re delighted to hear that you find our app smooth and easy to use, and glad to know that our supportive community have been helpful for you. Dear Summer F,Thank you for sharing your positive experience with Octa. I also like the nice supporting community.
Octa Cyprus entity together with its operations established under ESMA rules offers lower leverage levels as defined by the regulator. For this reason, world authorities and regulators restrict leverage to use to specify safer levels for retail traders. However, along with its great capabilities, leverage increases risks together with its benefits, so you should always learn how to use tools smartly. Overall, the range is suitable for most traders either beginners or tradrs with experience, also we would mark that range of Products vary by the platoform you use also the entity of OctaFx. The incorporation of a mobile economic calendar and customizable alerts—which enable traders to remain updated about market events—was much valued by users. The program showed amazing capability during testing, letting users access more than eighty trading instruments and make swift trades.
- Offering 277 trading instruments across various asset classes and free educational resources, it provides a broad, skill-enhancing environment for both beginner and advanced traders.
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- With 24/7 availability, multilingual support, and comprehensive resources, OctaFX ensures traders receive the guidance and help they need at any time.
- One of the key highlights for MetaTrader 4 I like is the option to automate your trades using Expert Advisors (EAs) which is allowed on your Octa account.
- Firstly, Octa uses ECN technology so you get excellent execution speeds with tight spreads of 0.90 pips and is commission-free, which is rare for ECN brokers.
This was frustrating when asking questions about their services and trading accounts as I felt they didn’t answer the question. The broker offers excellent deposit and withdrawal speeds that are fulfilled within the same business day during the week. In my case it was the MetaTrader 5 platform, however, I found that once your account is open you can select different platforms from within the dashboard. Crypto is the slowest to deposit with 3-30 minutes which is still extremely fast in my books as some brokers can take 24 hours to credit your account.
For people looking for a sophisticated trading experience, Octa’s MT5 platform offers a strong and flexible trading alternative overall. Advanced tools and features on the Octa Desktop MetaTrader 5 (MT5) platform improve trading experience. In addition, there is a security of the traders’ accounts applied by the Investor Protection and Compensation Schemes in case the broker goes bankrupt. However, at times High-volume traders or like pattern traders might find it as limitation since commission basis account is preferred for easier calculation of trading costs. We admit high-tech access to a range of instruments and multiple platforms either for manual, algorithmic, or social trading.
I did find that you can only access all 52 pairs using the MetaTrader 5 platform, while the OctaTrader and MT4 only offer 32 pairs. I was impressed with the efficiency and low-cost approach to depositing and withdrawing with Octa. Once approved you can expect the funds to https://lunarcapital.space/ be in your bank account/wallet within 30 minutes which is extremely good service in my opinion. Withdrawing from my account was also fast, according to my account manager each withdrawal takes roughly 2 hours to get approved. Although you can deposit with your local currency, it gets converted to USD regardless.
Moreover, the integrated copy trading function lets customers duplicate the winning strategies of seasoned traders, so promoting a cooperative trading atmosphere. It includes 21 timeframes and over 80 technical indicators, therefore enabling thorough market analysis. Generally, Octa’s integration of MT4 offers a strong trading solution that combines extensive features with user-friendly usability, so it’s a great fit for several trading approaches. The trading experience is enhanced by the availability of more than 25,000 custom indicators and plugins; the interface is simple, and navigation is easy. By means of Expert Advisors (EAs), MT4 supports automated trading, therefore improving trading efficiency and facilitating users to apply algorithmic techniques effortlessly. The software showed robust charting tools Lunar Capital scammers and broad technical analysis capabilities throughout testing, therefore enabling users to personalize their trading environment properly.
Fees
It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more. That being said, there isn’t much educational content for learning how to trade or understand market dynamics. I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading. Octa has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos.
Octa provides robust mobile trading solutions for traders who prefer trading on the go. You can monitor performance, stop copying anytime, and distribute funds across multiple traders to minimise exposure. Octa Copy is a social trading app that allows users to copy the strategies of experienced Master Traders. OctaVision evaluates your trading history, highlights key metrics, and offers tailored performance reports.
This means you can hold CFD positions overnight without being charged interest or fees like non-Islamic accounts do, making the broker a solid pick if you trade stocks. As you can see from the above table all the accounts offer the same regarding trading costs, the only difference is the trading platform. The broker offers EUR/USD from 0.90 pips which is some of the tightest spreads for a Standard account I’ve tested.
Your choice should depend on your trading strategy and experience level. Whether you are learning, trading frequently, or scaling up, there is an incentive designed to support your trading journey. Traders earn a lot of prizes by closing trades on real accounts.
MT4 represents the best choice for those who have just started trading. The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities. @Octafx No response even after submitting documents multiple times. I am very satisfied with Octa broker and I highly recommend it.
The ‘OctaVision’ AI tool helps traders track their performance and learn from their mistakes. I tested the OctaTrader web platform and was impressed by its seamless design, high-definition charts, and, especially, its ‘Space’ and ‘OctaVision’ features. It’s packed with AI-powered insights and educational webinars, and also comes in a mobile version for trading on the go. This makes OCTA an attractive option for traders who hold positions overnight. Commodities and indices also came in on the pricier side, with crude oil, the German DAX, and the US 30 index showing particularly elevated spreads. When broken down by asset class and compared to the industry average, OCTA delivers low spreads on share CFDs and average spreads on Bitcoin.
All in all, Octa has improved its pricing and appears to keep pace with the lowest-cost MetaTrader brokers, but with no date range available for its average spread claim, we were unable to make an exact comparison. It’s worth noting that Octa does not provide a date range for its typical spread data listed on its website, and thus the values don’t carry as much weight as spreads that have a corresponding date reference. European clients will choose the broker’s EU entity, whereas international clients are served either from South Africa, or from Octa’s offshore entity in Mwali. In addition, Octa boasts no slippage on 97.5% of its executed orders, and no overnight carry costs, yet has restrictions in place that can hinder high-frequency traders.
