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A young but already successful international ECN-STP broker, offering traders around the world safe trading in cryptocurrencies, CFDs, etc.
Forex broker
Social media
Date of foundation
Head Office
Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines
The owner of the company
Octa Markets Incorporated
Types of support
Feedback form on the site
WhatsApp: +34 (691) 370-613
Support by phone
English, Spanish, German, Portuguese, Chinese, Malaysian, Thai, Arabic, etc.
MetaTrader 4, MetaTrader 5, c
Min. first deposit
From 100 USD
Broker fee
Lot volume
From 0.01
To 1:500
From 0.2 points
Free Demo Account
IFSA№19776 IBC 2011
Types of accounts
Margin call / Stop out
From 25%/15%
Transaction volume
0.01 lot
Features of trade
Automated Trading
Execution of orders
Market Execution (at market price)
Methods of replenishment
BCP, CashU, FasaPay, Mandiri, Neteller, Skrill, UnionPay, Bank Transfer, Bank Card (Visa/MC)
Withdrawal methods
BCP, CashU, FasaPay, Mandiri, Neteller, Skrill, UnionPay, Bank Transfer, Bank Card (Visa/MC)
Number of assets
Types of assets
Currency pairs
Precious metals
Account currencies
Mobile Trading
Has mobile apps (iOS / Android)
Weekend trading
Tournaments / contests
Champion MT4, cTrader Weekly
Trader training
Instructions, glossary, video lessons, trader's guide, FAQ
Contract Difference Commission
PAMM trading
Market news, analysis, economic calendar, etc.
Margin Trading
Affiliate Program
RegistrationSeveral variants of the affiliate program
Authoritative regulation and awards
The range of reliable trading platforms
Transparent trading, low spreads
Implementation of orders with fast execution
Execution of more than 97% orders without slippage
No deposit or withdrawal fees
Verification failures
There are delays in payments
Company requisites
Date of update
Overall assessment
    Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines

    OctaFX is it a scam? Reviews and description

    Published: 10 July 2019 Updated: 26 April 2022

    OctaFX Forex broker was established in 2011. Its name is a trademark of Octa Markets Incorporated. The company is headquartered in Saint Vincent and the Grenadines and operates in accordance with international rules and legislation. Although the company is registered in this State, its operations centre is located in Jakarta, Indonesia. For this reason, the project focuses on Asia as its main market, but serves customers in more than 100 countries. Access to the platform for American users is currently closed.

    Traders often wonder if Octa FH is a scam or a serious platform for Forex trading? We will try to answer it in our material.

    OctaFX – is it a scam? Reviews

    OctaFX trading conditions

    Of particular note are the solid awards OctaFX. From this point of view the Forex broker can be considered a pattern. Global Banking and Finance Review and Forex Report magazine, two online portals providing the informative and independent news for the global banking and financial industry, noted the high level of recognition of OctaFX by customers. In 2014, he was named the best ECN broker in Asia, as well as the best broker in Central Asia, a platform with «the best trading conditions in 2016». A separate page on the website octafx.com contains at least nine awards received by the project from 2012 to 2017.

    octafx.com STP Forex Trading Broker

    Football fans will be pleased to hear that Octa FC Okta is currently a sponsor of the Southampton Football Club. Those who are not influenced by sports connections will be satisfied that the broker is licensed and regulated. Therefore, he can rightly offer his financial services in almost many countries around the world. As the best provider of trading conditions in 2017 and 2018, the company continues to follow its principles today. In 2017, it introduced to the customers CFD trading on Bitcoin, Ethereum and Litecoin.

    OctaFX operates as a STP (straight through processing) and as a ECN (Electronic Communication Network) broker. Narrow spreads are allowed here, orders are executed quickly, there are no slippages or requotes. All major currency pairs, gold, silver, etc. can trade.

    octafx.com Forex broker benefits

    The broker offers several account options to traders:

    • MetaTrader 4 Micro account. Only requires a minimum deposit of $5, which is great for any beginner or trader with a very limited budget. The minimum order volume is 0.01 lots, the maximum is 10 lots. Leverage is up to 1:500.
    • MetaTrader 5 Pro. For a more experienced trader. Spreads float starting from 0.2 points. Various trading tools are available: 28 currency pairs, 4 cryptocurrencies and others. It is possible to hedge and use EAs.
    • cTrader ECN. Progressive trader’s account, which gives more transparency in pricing. Leverage – up to 1:500 for currencies and 1:200 for metals. The minimum trading volume is 0.1 lots, but the maximum is not limited. The trading tools are: 28 currency pairs, gold and silver.

    The commission and fees of Octa vary according to one of these accounts. For comparison, spreads are the highest in an MT4 Micro account, where the broker offers only 37 traded tools; a typical EUR/USD spread is shown as 1.1 pips, while an MT5 Pro account provides a full range of traded products and spreads are slightly reduced to 0.9 pips.

    Compared to other account types, cTrader ECN is more limited in its asset range to only 28 Forex pairs and two metals, using a standard commission structure of $6 per round-turn ($3 per side), which is added to the typical spreads of 0.3 pips, resulting in a total value of 0.9 pips. Thus, MT5 Pro is distinguished by the price, similar to the cTrader ECN account price, but here almost twice as much as the traded tools.

    Accounts can be opened in euros and US dollars. There are also IB accounts for traders who want to work for OctaFX as representing brokers with a maximum of $15 per lot. On a site octafx.com the broker offers extensive educational center with page of frequently asked questions, and also the management, the glossary and some useful articles about Forex (all truth about Forex).

    octafx.com copy trades of successful traders

    The broker offers its users to earn, not only realizing their own trading, but also copying transactions of successful traders (Forex robots). FX Octa Copytrading function increases the total profit potential and provides additional fund management capabilities for all customers. There is a great opportunity to create a balanced and diversified trading portfolio by selecting any number of Forex strategies from professional traders on the website octafx.com. Later on, such a portfolio can become a source of permanent income.

    Traders confident in their success and eager to earn more can now become masters by creating their own profile in the service, describing their strategy and setting a commission for those who will copy it. The master profile aggregates the work of professional traders, showing it to broker customers and allowing them to promote it. For the most professional it will bring additional profit.

    Forex broker statistics on octafx.com

    The amount of leverage that the user can choose for each transaction depends on the type of account and the traded asset. In OctaFX, the maximum leverage for currency pairs is 1:500, 1:200 for metals and 1:50 for indices. Thus the size of the lever for cryptocurrency assets leaves much to be desired: only 1:2. Nevertheless, OctaFX offers its traders protection of negative balance. It is guaranteed to limit the loss of traders. The possible loss will never exceed the deposit size. OctaFX also offers customers one of the best Islamic Forex accounts. It 100% corresponds to the principles of Sharia and traders will not pay a commission for the transfer of the position to the next trading day. To do this, check the «Swap Free» box when registering on the website octafx.com.

    Support representatives are ready to provide their services to customers in several languages. They can be available 24×5 every working day. Octa notes that they process more than 2000 queries every day and solve issues in five minutes on average, which indicates their professionalism. On the site, the company publishes market news, Forex analytics, a convenient economic calendar, as well as AutoChartist signals.

    octafx.com open an account with a Forex broker

    octafx.com platform

    OctaFX is first of all, MetaTrader broker offering a number of platforms of MetaQuotes Software Corporation: MetaTrader 4 and 5. Although both platforms are standard with little difference in functionality between brokers, there may be significant differences in how the platform is configured for trading spreads and commissions, bet execution, functions and administrative areas. Both platforms can be used on a desktop, laptop or mobile device. In general, the broker offers such terminals for work:

    • MetaTrader 4 – this convenient platform has become a favorite for many traders and brokers. For many years it has proved to be a reliable terminal for a wide range of players. There are a number of useful tools, such as indicators for Forex, charting tools, advanced risk management, execution of transactions in real time, etc.
    • cTrader – this software solution is a relative beginner in the market, but is already gaining popularity among many interested traders. The terminal is similar to MT4, but it has several additional tools that make it unique and safe.
    • MetaTrader 5 – this universal platform offers outstanding opportunities for trading and market analysis. Here can oscillators for Forex be used, along with the news, automated trading systems, including the ones in the «Market» etc.

    octafx.com Forex Trading

    Octa FX broker quotations

    Actual asset quotes significantly affect the result of speculators’ trading operations. OctaFX does everything to improve the quality of data transfer for its traders. Thanks to it they have possibility to observe only the actual and best price of assets. The company implements ECN/STP-trading, in which user requests are sent directly to one or more liquidity providers for final execution. Such providers are companies, banks or financial institutions.

    OctaFX demo account

    Forex broker demo account in many ways predetermines the further success of its traders. Testing of certain strategies, choice of trading tools, all this is implemented without the risk of financial losses on the demo account. The company gives its customers the opportunity to try the platform in a risk-free environment. Users will also have unlimited free access to all trading accounts. Demo funds can be replenished on request, checking strategies or testing your bots.

    Moreover, the broker holds a demo contest «МТ4 Champion», during which any trader can register on the website octafx.com and, having opened a virtual account, to take part in this competition. They will see the trading results in their personal cabinet. The contest duration is 1 month. Winners of prize places receive various monetary rewards. The weekly demo contest on cTrader platform also takes place with a competitive spirit, and the winners also receive money prizes.

    OctaFX mobile application

    Octa FX provides traders with mobile applications iOS and Android for Metatrader and cTrader platforms available directly from these developers. Applications for MT4 support Android, iPhone or any device compatible with the OS WinMobile.

    As a whole, assortment of mobile appendices at OctaFX is impressive. Here it is possible to download and own application of the broker which can be used for management of accounts. It will allow speculators to create new accounts, to replenish them, and also to change a leverage and other parameters of trading, being thus in any point of the world. If you wish, you can read both the history of trading and statistics here. The applications have rather good feedback from users. In case of negative reviews, the OctaFX team never ignores this information.

    octafx.com mobile application

    OctaFX bonuses

    The company does everything to make it profitable for its traders to work with it, so bonuses are always offered here. Advertising programs and competitions here also abound and cause interest of users. The whole team of the company, from the general director to the average employee, follows such principle: «perfectionism in its best sense, professionalism and purposefulness». Traders can count on the following bonuses and contests of the company:

    • Total deposit bonus of at least 10% and up to 50% of the replenishment amount. This bonus is automatically available for all users who deposit to their trading accounts. When depositing funds to the account by the most convenient way of payment, the customer can choose the percentage that wants to add to the deposit amount. Finally, the bonus can be withdrawn from the account not only by trading, but even by referrals.
    • Octafx Demo Champion contest. The game is to get the biggest profit on the demo account. The first 4 traders will be able to get a real prize from the fund of $1000 ($500, $300, $100 and $100). It takes place monthly.
    • King of the Road Real Contest gives away presents to the best traders. This contest uses real funds for trading. As gifts may be used iPads, iPhones, computers and a Porsche Panamera car.
    • The Word It Out Review contest allows traders to publish a review of OctaFX of 1500 words on the broker’s forum and get a chance to win a star prize. It is held monthly.

    Deposit and withdrawal

    Broker accepts deposits via Visa/Mastercard bank cards, bank transfers, Skrill, Neteller, transfers in the local banks of Indonesia and other countries. The minimum deposit amount is $5 for the Micro account balance. As for the withdrawal of funds, OctaFX is one of the very few brokers that actually processes all withdrawal requests within 1-3 hours. A typical withdrawal request will be processed immediately with confirmation by email if the player’s personal identification information is in order.

    International anti-money laundering legislation requires each global Forex broker to follow certain rules before any withdrawal request can be approved by them. The minimum withdrawal limits here are the same as the deposit limits, except for payments through banks and Neteller, which are $5 and $4 respectively. There are no upper limits on the withdrawal of capital. Transactions Skrill, Perfect Money, PayWeb, Neteller и WebMoney are instant. OctaFX uses segregated accounts to protect customers’ funds, which ensures that capital is kept in the bank account, which is separated from the main brokerage operations. It means that the company cannot use means of the customer for its own business.

    Complaints against OctaFX

    There are adequate complaints against OctaFX broker in the network, but not that much. The only dissatisfaction of traders is related to the delay in the withdrawal of profits, the verification procedure, and the failure of the Internet connection. However, to a greater extent, all this is explained by incompetence of individual traders, who make mistakes when making requests for withdrawal of money and inattention during registration on the website octafx.com. Undoubted advantages of OctaFX:

    • Authoritative regulation and awards.
    • Range of reliable trading platforms.
    • Transparent trading, low spreads.
    • Implementation of orders with fast execution.
    • Execution of more than 97% of orders without slippage.
    • No commissions for deposit and withdrawal of funds.

    Octa FX broker regulator

    OctaFX is regulated by the British Financial Conduct Authority (FCA), one of the strictest brokerage firms in the Forex industry. So, OctaFX is registered in 2011 in Saint Vincent and the Grenadines under the number 19776 IBC 2011 and fully complies with international standards of financial regulation. For authorized FCA brokers the basic capital is €730,000, and the funds of customers must be kept in separate accounts separately from the operating funds of the company.

    Most importantly, all FCA customers are covered by Financial Services Compensation Scheme (FSCS). This means that this structure can compensate traders if the broker is unable to meet its financial obligations to them (compensation is limited to €50,000 per trader).

    octafx.com User agreement

    Knowledge of the rules of the user agreement will always be useful to any speculator and will protect him from possible problems of the platform, including financial losses. At OctaFX the given agreement is called customer agreement. Though the company also is considered rather reliable, but to users will not be superfluous to study documents regulated by it at all.

    In point 3.11 the broker informs that it reserves the right to itself to refuse to the customer in cooperation, having returned to it its initial deposit (that is the full sum brought on the account) at any time in case the company considers it appropriate and necessary (for example, illegal, fraudulent or other unacceptable actions of the customer):

    octafx.com user agreement

    Clause 4.4 of the Customer Orders and Transactions section states that the customer may only cancel a shipped order in a queue with the status of «Order Accepted». In this case he should press the «Cancel order» button. Due to the specifics of the customer terminal, the cancellation of the order in this case cannot be guaranteed:

    octafx.com trader can cancel a shipped order

    Clause 8.2 of the «Trading Conditions» section warns the trader that the subject of investigation may be any abuse and/or use of unfair (direct or indirect) advantages of the trading conditions of the company. In the event of such abuse, profits and/or losses derived from this advantage may be reversed at the discretion of the company, and the customer automatically agrees to it:

    octafx.com Forex trading conditions

    Is OctaFX a scam?

    OctaFX has already received a number of prestigious industry awards and positive feedback from traders, which is a good basis for its choice for trading as a relatively new, but successful participant in the Forex and CFD (CFD-broker rating). Octa is one of those companies with which it is possible to trade in cryptocurrencies, on Forex and in other markets, using very favorable working conditions. The broker should be given credit, because he offers a quick execution, quite acceptable spreads without extensions in a calm market, adequate algorithmic trading and trading on the news, bonuses and contests. It also offers several reliable and functional terminals, which the user can find on the website octafx.com.

    OctaFX can be called one of the few brokers who publishes data about their customers. For example, on the average at it 500 new customers daily are registered, 50 000 profitable transactions are made, the turn – 4 billion dollars. The broker acts in full conformity with the international legislation and standard standards, has a number of serious licences, than also is interesting to the modern speculator.

    In general, the company is actively developing, doing everything to ensure that trading on its platform was comfortable and profitable for its customers. Fxempire, the authoritative Forex website in London noted that «OctaFX has managed to win the hearts and minds of many of its customers with the efforts and dedication that it invests in providing first-class services». In general, this can be considered the answer to the question whether OctaFX is a scam.


    The licensed and regulated trading firm OctaFX has been providing its customers with an impressive service in the financial market since 2011. Transparency of its activity does not cause doubts at its customers and proves to be true numerous positive responses of traders about the broker. Is it worth working with this company? It seems, it is necessary to try to trade in its platform, however initially it is better to put on the deposit the minimum sum to be convinced of its honesty.

    Trading tools and assets
    Withdrawal speed
    Broker fee
    Technical support


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