Forex Brokers

OctaFX

Octa Markets was established in 2017 and is committed to developing into a reputable, reliable, fair and transparent foreign exchange dealer.

Octa Markets was established in 2017 and is committed to developing into a reputable, reliable, fair and transparent foreign exchange dealer. The broker was fully licensed by the Cyprus Securities and Exchange Commission in 2018 (license number: 372/18).

Security Analysis

Octa Markets holds a CySEC full license in Cyprus. The regulatory agency has stricter supervision on foreign exchange, so the security is guaranteed to a certain extent. In addition, the broker has activated a negative balance protection policy for each account, which completely separates client funds from the company's operating funds to protect the safety of client funds.

Main business

Octa Markets provides investors with popular trading products in the financial market, mainly including spot foreign exchange, stock index CFDs, spot metal CFDs, and commodity CFDs.

Leverage & Account

Octa Markets has two different account types for conservative and aggressive traders: MetaTrader5 account and cTrader account. The maximum leverage of the account is set based on the amount deposited by the trader registration. The default maximum leverage is 1:20 for major currency pairs, 1:20 for minor currency pairs, gold and major indices, and 1:10 for commodities other than gold and non-major stock indices.

Spread & Commission Fees

The minimum spread is 0.4 pips on EURUSD, 0.5 pips on GBPUSD and 0.6 pips on EURGBP. The minimum spread for spot gold is 0.8 pips, and the minimum spread for spot silver is 1.0 pips

The minimum spread for a MetaTrader5 account is 0.3 pips, and no commission is charged for foreign exchange and precious metal transactions. The minimum spread for a cTrader account starts from 0.0 pips, and a certain commission is charged for trading. The commission includes the opening fee of one party and the closing fee of the other party. Both accounts are traded without overnight interest.

Trading Platform

Octa Markets provides traders with two market-leading, high-performance trading software: MT5 and cTrader5. MT5 is the latest version of the multi-functional trading platform. The trading system is powerful and supports various trading order types, including market, pending orders and stop-loss orders. The trading platform supports desktop, web, Android and iOS versions. cTrader5 features secondary quotes, server tracking stops, cloud services to put all accounts and templates in one place, one-click trading and advanced charting capabilities. Traders can flexibly choose trading software according to their needs.

Deposits

Octa Markets users do not charge any fees for deposits and withdrawals, and the company is also responsible for the fees charged by third-party organizations. The company supports wire transfer deposits and withdrawals, with a minimum deposit and withdrawal amount of 50 euros, which arrives within 3 to 7 working days.

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