Honest OctaFX review and test for traders

Spreads from:
5 out of 5 stars (5 / 5)
MetaTrader 4/5, cTrader
Spreads from 0.2 pips
Up to 1:500
OctaFX logo

The OctaFX broker for a long time in European countries has been providing services to traders in more than 100 countries. You might be surprised, the company is currently serving more than 1,500,000 traders. Here, according to the ECN (electronic communication network) model, the platforms can be selected.

In this review, we will show you all the details you need to know about OctaFX. Is it really worth investing your money there? – Find out in our OctaFX review. Learn about the trading conditions, platforms, and special features for customers. With more than 10 years of experience in the trading industry, we checked OctaFX in detail.

OctaFX official website
OctaFX official website

(Risk warning: Your capital can be at risk)

What is OctaFX? – The broker presented:

You may know that there is no guarantee of making money in online FX trading. So we think it is very important to move towards the trading platform with your prudence, practical humanity, and knowledge. To be successful in online trading you need to go through many steps like practice, time, patience, and much more. OctaFX gives you some of these opportunities so that you can deal with or defeat the market. The broker transmits clear-sighted market knowledge while maintaining the specific skills required to make money online which will give you a much higher balance of profits from losses.

OctaFX is one of the best international Forex and CFD broker. The main client base of OctaFX is in Europe. This company has been providing opportunities for traders to invest in the market for a long time since 2011. A big advantage of this platform is that traders can easily determine the rate of low wages.  Also, OctaFX helps to guess the speculation about their increasing rate.

More than 2,840,000 of the essential bonus fund was valued in that field. Here OctaFX is commission-free Euro or USD only 0.4 pips! It helps maintain a highly competitive cost structure in emerging markets. The broker supports copy trading to support social businesses. Autochartist Pro also supports traders in a wide range of ailments through manual support. Traders come to the OctaFX offer for the experience of cTrader Trading and the MetaTrader platform.

Facts about the OctaFX company: 

  • Founded in 2011
  • Based in Cyprus and St. Vincent and the Grenadines
  • Supports copy trading
  • Professional trading platforms
  • Low trading costs
  • Education for new traders
  • Supports international clients

Regulations and safety OctaFX

All online trading activities are regulated by government financial authorities, so trades play a very important role. The license used in trading helps to build a confidential relationship with the customer and build a strong foundation. Every broker has to meet certain rules and criteria to get this government license. If a broker violates the rules or attempts to commit fraud, the license will be permanently revoked.

OctaFX CySEC regulation
OctaFX CySEC regulation

The OctaFX broker has several licenses, which bring some great benefits for traders. OctaFX Holding plc is regulated by CySEC (EU) which can give you maximum benefits. The broker has also a dealer license in Mauritius (FSC). In this case, traders can make all their own decisions. There is a huge potential for independent limited business without any leverage.

OctaFX is regulated by:

(Risk warning: Your capital can be at risk)

Trading conditions for OctaFX investors – What are the offers?

Forex and CFD trading is very popular nowadays. Private traders like these assets a lot because they can access global financial markets using little capital. Also, you will get the opportunity to increase more profit from OctaFX. Traders get the opportunity to use maximum leverage 1:500 here. With your small capital, you can easily transfer higher numbers to the market.

OctaFX trading conditions
OctaFX trading conditions

The minimum deposit you can invest is 100$ or 100€ which is guaranteed at a much lower price than other brokers in the market. It is the best of OctaFX to make a conventional offer that you can apply and accept. You can enter the financial market with very little capital (0.01) lot depending on the position. The OctaFX broker offers different offers to the clients according to the package, based on the account type.

More than 100 assets are available on the platforms. That includes: 

  • Forex (currencies)
  • Indices
  • Metals
  • Cryptocurrencies
  • Stocks

Investing here means trading currency, cryptocurrency, any product, stock, and much more. Shares of OctaFX are excluded from the market subject to the terms of the German Stock Exchange and the American Stock Exchange. Many other parties use these shares on favorable terms. OctaFX assets are always dependent on the current market.

Although variable spreads are offered in these trade markets, a higher spread may be transmitted depending on the number of customers. You can compare it to the initial or general trading of the stock market.  But here the average of the spreads is calculated as 0.4 pip in Forex. If you want to get it out of the stock index it will be less than 1 point. Even better if you expect a high rank spread then the black account can help you in this regard. You can use the RAW Spread account as an alternative. You will always find many offers here.

See the table for spread comparison at OctaFX:

Spreads from:

In some cases, special offers may be offered in this trade. Such as:

  • The first step is a free demo account.
  • The minimum deposit is only $ 100 or € 100.
  • Leverage will be between 1:30 and 1: 500.
  • Spreads from 0.4 points
  • Different account types are available
  • Platforms: MetaTrader 4/5, cTrader
  • Opportunity to execute orders quickly
  • Short trading possible
  • No hidden fees
  • Islamic accounts possible
  • Trading without Swap fees
  • 50% deposit bonus is possible

(Risk warning: Your capital can be at risk)

Test and review of the OctaFX trading platforms

Every professional forex broker must have a reliable trusted trading platform for trading. Traders use several tools to gather information on what kind of analysis traders are using in this trade market. See below to know about the various available platforms of OctaFX.

These are the available platforms of OctaFX:

  • MetaTrader 4
  • MetaTrader 5
  • cTrader

MetaTrader 4

OctaFX MetaTrader 4
OctaFX MetaTrader 4

MetaTrader 4 is a platform that any user can use with ease. Because this trade is a process that is extremely flexible, fast, secure, responsive. Any customer can also use this platform for Forex and CFD trading. It analyzes transactions in financial markets and provides secure and fast access. Users of OctaFX can ensure traders’ advanced access to trading operations in a reliable environment. OctaFX trading is an international broker so it supports many languages. It is also very popular as it can automatically supply trades to the market. Also, MT4 has more advanced charging capabilities, it is fully customizable.

MetaTrader 5

OctaFX MetaTrader 5
OctaFX MetaTrader 5

MetaTrader 5 is one of the most popular trades on one of the most popular platforms in the world. MT 5 is the world’s number one multi-asset platform provider of futures, forex, CFD, exchange-traded instrument trading. Investors choose MT 5 as the best investment platform. This market has a large number of customers because this platform is very easy to use. MT5 includes Level 2 Pricing, Robotic System Trading, Higher Chatting, VPS Support, Education Market. There is also the ability to provide free market data and news. The MT5 can also be said to be an automated trading option.

You can use the MetaTrader Supreme Edition platform to improve your business because the most advanced tools are applied here. We believe it improves the customer’s business experience. You can try using live and free demo accounts to enjoy this platform. OctaFX MT5 and MT4 have powerful global widgets for feedback. This widget improves forex trading performance. MetaTrader 4 and MetaTrader 5 play a major role in rapid order reversal and hedging promotion.

(Risk warning: Your capital can be at risk)


OctaFX cTrader
OctaFX cTrader

The cTrader is also offered by OctaFX. It has similar features to the MetaTrader platform. Here you can get a deeper look into the order flow and liquidity of the markets (level 2 market depth). Robot trading is supported and several chart types. With the cTrader, you will have access to the ECN market (electronic communication network). With ECN trading the conditions are better than with the MetaTrader accounts. From our reviews, you should use the cTrader for trading. It also supports customized indicators and tools.

Web trader/charting and analysis

WebTrader is a popular and convenient trading platform like MT4 and MT5. This trade allows traders to trade through browsers from anywhere. You can trade securely at any time in web trader. No download is required to get started. Works very fast without any OS choice. User-Friendly (easy to use) can be done on the OctaFX platform. Web Trade is much more advanced. web trader works much faster.

Mobile trading:

MT4/5 and cTrader are one of the top software on the Android platform on mobile. It has been designed by OctaFX Markets for traders in a way that is easily accessible on mobile. OctaFX clients allow them to access trading on any Android device. Being mobile-friendly, it offers many benefits to clients or merchants. OctaFX customers may not be able to place orders using mobile devices, where they will be able to perform basic technical analysis on the full chart. Customers will be able to do Candlestick, Line Chart, Bar Chart, Tick Chart using Excel on mobile.

OctaFX allows mobile trading (app)

OctaFX helps customers to know the basics by using the mobile trading app in the market. The mobile trading app encourages the customer to increase investment. See below the benefits you will get in the mobile app for MetaTrader 4/5.

OctaFX mobile trading
OctaFX mobile trading

Opportunity to watch Live FX Quotes, a chart with the display, platform customized, Indicator add, Broker’s clients can get a massage,  market news, read and see broker news, all types of orders use. Time Frames change, Access Trading History, and Mobile access for online trading carry friendly and useful features.

The current market situation is quickly available in the MetaTrader 4/5 mobile application. The application is of course used for FX trading and it can be said to own a few powerful charting of all mobile applications.

(Risk warning: Your capital can be at risk)

How to trade with OctaFX

Which market you trade your investment in depends on your choice.

Before any broker enters the market, you should know whether the market is moving upwards or downwards. It is up to you to decide whether to buy or sell stock spreads in this market. If you see a drop in the market price then you need to click on ‘Sell’. On the other hand, if you see that the price has increased, then click on the ‘Buy’ button.

OctaFX order mask MetaTrader 5
OctaFX order mask MetaTrader 5

You need to add stop-locks here urgently. Because when you move too far away from your location, you can secure your location through a certain process. Brokers can track trade market prices as well as place their trades in the trade market. You can also focus on real-time gains or losses.

How to open an OctaFX account

You can open a demo account on many topics at OctaFX. You can open a demo account accordingly by looking at the offers. It is very easy to open a demo account with the OctaFX and you will get this account quickly. To open an account you need to use your name and an email as well as a strong password. If you do not provide your full name and email address, the account will not be created.

For trading with real money, you will need to verify your account. That means OctaFX will require some documents to verify your identity. Just answer the questions in the account dashboard and upload the documents. The broker support can help you with that. The process can be over in a few minutes.

Opening account with OctaFX
Opening account with OctaFX

(Risk warning: Your capital can be at risk)

OctaFX offers different types of account:

The accounts that you can create with OctaFX are MetaTrader 4 Micro, MetaTrader 5 Pro, and cTrader ECN. We will talk about an account here for your convenience.

MetaTrader 4 Micro account

You can start with the Micro account by depositing only $ 100. The account has floating spreads or fixed spreads. It is the best account for beginners because it offers micro-lots. That means you can open very small positions in the market.

  • Minimum deposit $ 100
  • MetaTrader 4 platform
  • Floating spreads from 0.4 pips
  • Fixed spreads from 2 pips
  • Leverage up to 1:500
  • No commission
  • Micro-lots
  • Best for beginners with small amounts of money

MetaTrader 5 Pro account

The Pro Account is for traders who want to trade with more money and higher volume. The conditions are better than the Micro Account. The minimum deposit is $ 500 and the spreads are starting from 0.2 pips

  • Minimum deposit $ 500
  • MetaTrader 5 platform
  • Floating spread from 0.2 pips
  • Leverage up to 1:200
  • No commissions
  • No swaps
  • 3 days fees

cTrader ECN account

ECN trading means investing in the market with raw spreads and deep liquidity. The cTrader is a good platform for professional traders who want to trade high volume with order flow. The minimum deposit is only $ 100. You will get real ECN access. The spreads are starting from 0.4 pips and you have to pay a commission per trade.

  • Minimum deposit $ 100
  • cTrader platform
  • Spreads from 0.4 pips
  • Commissions from $ 3 / 1 lot trade
  • No swaps
  • Weekend fee

Demo account

You can use a free demo account to evaluate the platform first before depositing. Your virtual credit will be included, in the demo account with 10,000$ in automatic funding. It will be deleted from the account after 30 days. OctaFX clients submit this demo account so that the customer can be aware of all the tools.

(Risk warning: Your capital can be at risk)

Is there a Negative balance protection OctaFX

Trade market clients think about broker protection before investing. The broker provides customers with maximum protection from investing. OctaFX eliminates fears by traders by applying the best tools to ensure additional funding. In some cases, account balances can be negative. Because there is no negative balance system. OctaFX can lose its unbalance in extreme market conditions. There is no reason to worry, the broker automatically shuts off your positions as soon as it is detected.

OctaFX negative balance protection
OctaFX negative balance protection

Deposits and withdrawals with OctaFX:

As discussed above, the minimum deposit for opening a real trading account is $/€ 100. You can use for the deposit different payments methods. The available payment methods are:

  • Bank wire
  • Credit cards
  • Cryptocurrencies
  • E-Wallets (Skrill, Neteller, PerfectMoney, and more)

On most payment methods there are no fees for depositing and withdrawing money. OctaFX will not charge additional fees but the payment provider can do it. The fee is depending on the payment method but most payment methods are free. The deposits can be instant by electronic methods. With a bank wire, you have to wait 3-5 days to credit the money into your account. Withdrawals with OctaFX are very fast too. It is depending on the time of the day, sometimes the withdrawal is made in a few hours. The maximum time amount is 3 – 5 days for a withdrawal.

(Risk warning: Your capital can be at risk)

OctaFX accepted countries and forbidden countries

See below the countries that can access OctaFX trading:

For a long time in the OctaFX trading, Argentina, Australia, Austria, Bahrain, Belarus, Brazil have been trading deposits. Also, Bulgaria, China, Croatia, Cyprus, Czech Republic, Denmark are far ahead in terms of business investment.  Renowned European countries such as Estonia, France, Finland, Germany, Greece, Hungary, India, Ireland, Israel, and Italy are directly involved in OctaFX investment. OctaFX includes many more countries, including Kuwait, Malaysia, Malta, Mexico, Monaco, the Netherlands, Norway, Latvia, and Liechtenstein. However, Lithuania, Luxembourg, Oman, Poland, Portugal, Russia, Saudi Arabia, Slovakia, Slovenia, South Africa, Sweden, Spain are still trading here. OctaFX allows direct deposit transactions to Switzerland, Thailand, the United Arab Emirates, the United Kingdom, and Qatar.

OctaFX trading does not give or receive access to US customers in any way.

Each of the countries you see here has the support to join the broker OctaFX. This company is a very large trading platform so you can safely place your deposits or assets here. Moreover, there is support for a minimum deposit.

Special offers:

There are some special offers from OctaFX. It supports copy trading and a deposit bonus of up to 50%. In the following section, we will give you more details on it.

Copy Trading (Social Trading)

OctaFX offers a copy trading service to its clients. That means you can copy the trades of other traders or get copied. You do not have to be a forex expert to make money with OctaFX. You can search for a profitable trader and invest in their trader one by one. It is also possible to diversify your portfolio by investing in more than one trader for better risk management.

OctaFX copy trading
OctaFX copy trading

With OctaFX you have always control over your portfolio and the copied trades. It is very easy to manage. Just deposit money into your account, pick a successful trader, and start an invention.

  • Copy professional traders 1 by 1
  • Full control over your investment
  • Follow the best traders
  • Earn money automatically
  • Get copied and earn additional money
  • Easy to use

(Risk warning: Your capital can be at risk)

Deposit bonus

OctaFX offers a 50% deposit bonus. You will get additional money to increase your margin if you activate the bonus. But first of all, you can not pay out the bonus, you can only use it to make more profit. For withdrawal of the bonus, you have to do a certain turnover in trading volume (The bonus amount in lots divided 2).

  • 50% deposit bonus
  • Increase the free margin
  • You can withdraw the bonus after doing the bonus conditions
  • The bonus is available for all deposits over $ 50

By now you must have got a great idea about OctaFX. We would say from our experience that this broker has its license so you can use deposits or assets in this market. OctaFX has long been involved in investing and it is directly regulated by the government.

The number of customers of this company is increasing day by day. So OctaFX proves that it is a reliable trading platform. If you search for it in online brokers, you will first see the name of the OctaFX. It also controls everything through the provision of powerful software and allows customers to access the account through the mobile app. If you want to gain a transparent trading experience, create an account with OctaFX Broker. You can get something great, from the offers of this company. You will even get the opportunity to get involved in the business with very little profit.

Overall it is a professional provider for forex and CFD trading. The trading conditions are very good and the trading fees are low. In addition, copy trading and a deposit bonus are offered. Deposits and withdrawals are working very fast.

Advantages of OctaFX: 

  • Regulated and safe broker
  • Free demo account
  • Minimum deposit only $ 100
  • High leverage up to 1:500
  • Different account types
  • MetaTrader 4/5, cTrader
  • Spreads from 0.2 pips
  • Low commissions
  • Professional support
  • Copy Trading
  • Deposit bonus

OctaFX review

Overview and test of the broker OctaFX.

Trusted Broker Reviews

OctaFX logo
Trading offers
Customer support


OctaFX is a secure trading platform with competitive spreads and no hidden fees.


OctaFX is a good broker for traders who want to trade with tight spreads and low commissions. We can recommend its service and offers. 5 out of 5 stars (5 / 5)

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Trusted Broker Reviews

(Risk warning: Your capital can be at risk)

Read our other articles about OctaFX: 

FAQ – The most asked questions about OctaFX :

Is OctaFX worthy of investment?

OctaFX is worthy of investment, and there are various reasons to believe so. First, it was founded in 2011 and offered excellent opportunities to traders and investors so they could efficiently work on the trades. Plus, it charges only 0.4 pips for the commission on the account. It also supports copy trading, one of the prime advantages of dealing with this online brokerage platform.

Does OctaFX have any license?

Yes, OctaFX comes with licenses from several regulatory authorities. First, it is guarded by the CySEC body to ensure traders and investors from the EU can easily continue with their operations. In addition, it has also earned a license from FSC for traders and investors from Mauritius.

What are the benefits of choosing OctaFX?

OctaFX is one of the best platforms where traders and investors will have many advantages. First, it charges no commission, and the spreads are also tight to ensure everyone knows the details. Plus, traders have to make only 50% of the deposit. 

Does OctaFX have any mobile applications?

Yes, OctaFX has a mobile application, so traders and investors can quickly get the advantage of working on the trades and positions from the comfort of their phones only.