As an online Forex broker, OctaFX started its operations from Grenadines and Saint Vincent in 2011. Octa Markets Incorporated is the company behind OctaFX. The company soon started spreading all around Europe and Asia. In 2015, they also opened their London office to better serve European traders. The company has license from Britain's Financial Conduct Authority (FCA) as well as the Caribbean's Financial Services Authority.
OctaFX made it in the headlines for the first time in 2012 when it was appreciated for its high-quality service by Global Banking and Finance Review. The platform was tagged as fastest growing micro broker during first and second year of its operations.
Types of accounts available on trading platform
Three of the most popular types of accounts available on this platform are MetaTrader4 ECN, cTrader ECN, and MetaTrader4 Micro account. Micro one requires $5 of minimum deposit, and trader can trade with gold, silver, and 12 currency pairs. On the other hand, ECN account needs minimum deposit of $50. Trader can use gold, silver, and 28 currency pairs. cTrader ECN's minimum deposit amount is $5 and trader can use gold, silver, and 48 different currencies while trading.
Every account comes with different bonuses and promotional offers for individuals opening new account. Withdrawals can be done using bank account as well as skrill account. This may differ from one country to the other.
Platform offers world class features
Features like real time market execution tools, advanced risk management tools, market indicators, and charting tools are offered with OctaFX's Metatrader 4 platform. All these tools are highly customizable. It offers impressive combination of great design with latest technology to help traders in day to day affairs. Metatrader 4 works on desktop browsers as well as on Android devices in the form of app.
cTrader platform offered by OctaFX is also user-friendly. This is popular because of its capabilities like Direct Market Access brokerage. cTrader FX trading platform is one of the solutions that offer super-fast execution for commodities and FX trading. Information related to P & L, margin, and full balance is displayed in the most user-friendly way possible. cTrader can be accessed from desktop browser as well as with several android devices.
Demo accounts are available with both platforms, and are suited for traders who plan to trade for the first time.
What about customer support?
OctaFX offers 24*7 chat, telephone, and email support. The company also offers SMS support to traders in some countries. The company claims to process around 2000 queries per day and resolution is offered within five minutes in most cases. Customer care team consists of experienced and highly trained individuals who not only offer resolution but also offer suggestions.
Octa Markets Incorporated offers its forex services in more than 100 countries. As the company has implemented the best and latest technology in OctaFX, its platforms offer incredible convenience to traders. Promotional offers and customer service add the necessary sugar to attract new traders every day. Overall, these client-oriented platforms are definitely worth trusting.