OctaFX
OctaFX is a Forex ECN Broker offering trade on Forex, Indices, Metals, and Cryptocurrencies via CFDs, across the MetaTrader and cTrader suite of trading platforms as w...
Tags:Forex BrokerBasic Information
Full Company Name: Trading Point of Financial Instruments Ltd
Country: Cyprus
Founded: 2009
Minimum Deposit: $5
Trading Platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), XM WebTrader
Minimum Trade Size: 0.01 lots
Business Model: Market Maker (MM)
Deposit Methods: Supports multiple funding options, including credit cards, debit cards, bank wire transfers, and e-wallets (such as Skrill, Neteller)
Server Time Zone: GMT+2 (Daylight Saving Time applicable)
Email: [email protected]
Phone: +357 25029933
Headquarters Address: 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus
Regulatory Information
- Cyprus Securities and Exchange Commission (CySEC)
- License Number: 120/10
- Regulatory Details: The parent company of XM, Trading Point of Financial Instruments Ltd, is regulated by CySEC, ensuring its operations comply with EU financial regulations.
- Australian Securities and Investments Commission (ASIC)
- License Number: 443670
- Regulatory Details: XM’s Australian entity, Trading Point of Financial Instruments Pty Ltd, is regulated by ASIC, ensuring its operations in the Australian market are legal and compliant.
- Belize International Financial Services Commission (IFSC)
- License Number: 000261/397
- Regulatory Details: XM’s international entity, XM Global Limited, is regulated by IFSC, ensuring its operations in global markets are legal and compliant.
Account Types
| Account Type | Standard Account | Micro Account | Zero Account |
|---|---|---|---|
| Minimum Deposit | $5 | $5 | $100 |
| Spreads | From 1.0 pips | From 1.0 pips | From 0 pips |
| Commission | None | None | $5 per $100,000 traded |
| Tradable Instruments | Forex, Metals, Energies, Indices, Stocks | Forex, Metals, Energies, Indices, Stocks | Forex, Metals |
| Trading Platforms | MT4, MT5, XM WebTrader | MT4, MT5, XM WebTrader | MT4, MT5, XM WebTrader |
| Leverage | Up to 1:888 (depending on account balance) | Up to 1:888 (depending on account balance) | Up to 1:500 |
| Order Execution | Market Execution | Market Execution | Market Execution |
| Swap-Free Option | Available | Available | Available |
| Hedging Margin | 50% | 50% | 50% |
| Margin Call Level | 50% | 50% | 50% |
| Stop-Out Level | 20% | 20% | 20% |
| Minimum Trade Lot Size | 0.01 lots | 0.01 lots | 0.01 lots |
| Maximum Trade Lot Size | 50 lots | 100 lots (1 standard lot = 1000 units) | 50 lots |
| Maximum Number of Positions | No limit | No limit | No limit |
