Octa Markets Incorporated (OctaFX) is an online forex broker for the retail market, available in over 100 countries. Asia is its strongest market, and in 2012 OctaFx moved its main office to Jakarta, Indonesia. In addition to English, OctaFXss services are offered in major native Asian languages such as Mandarin Chinese, Bahasa Indonesia and Bahasa Melayu, and in the colonial languages Spanish and Portuguese.
OctaFX was founded in Saint Vincent and the Grenadines in 2011.
Short facts about OctaFX
| Accepts U.S. clients | No |
| Platforms | MetaTrader4, cTrader |
| Minimum deposit | 5 USD |
| Leverage | 1:500 |
| Regulation | FCA, CySEC |
Platforms
You can chose between two different platforms: MetaTrader4 and cTrader.
MetaTrader4 (MT4) is available in a downloadable version, a web version, and several mobile app versions for iOS, Android and Windows Mobile.
cTrader is available in a downloadable version, a web version, and mobile apps for iOS and Android.
Accounts
You can create demo accounts on both MetaTrader4 and cTrader to check them out before you decide which one you prefer (or both) and make deposits.
When you sign up for a real-money account, there are four main accounts available:
- MetaTrader4 Micro Account
- MetaTrader4 ECN Account
- cTrader ECN Account
Micro Account
- Minimum deposit of just 5 USD!
- Leverage is up to 1:500
- Stop Out Level is 15 percent
- Margin Call Level is 25 percent
- 12 fx currency pairs
- Gold trade
- Silver trade
- 5-digit quotes
- Expert Advisors (trading robots) allowed
- Scalping allowed
ECN Account
- Minimum deposit 50 USD
- Leverage is up to 1:500
- Stop Out Level is 15 percent
- Margin Call Level is 25 percent
- 48 fx currency pairs
- Gold trade
- Silver trade
- 5-digit quotes
- Expert Advisors (trading robots) allowed
- Scalping allowed
Spreads, etc
OctaFX charges floating spreads, starting from 0.02 pips. This is true for all trading accounts.
Promotions
There is usually a deposit bonus offer available, e.g. 50% bonus on your deposit.
Other features and services
- Market Analysis
- True ECN/STP Services
- Segregated client funds
- SSL Data Encryption of sensitive data
Regulation
FxPro Financial Services Limited is regulated by the Cyprus Securities and Exchange Commossion (CySEC). Cyprus is a part of the European Union, so EU’s Markets in Financial Instruments Directive (MiFID) applies.
FxPro UK Limited is a wholly owned subsidiary of FxPro Group Ltd. FxPro UK Limited is regulated in the United Kingdom by the Financial Conduct Authority (FCA).
Customer support
Customer support is available around the clock, Monday – Friday.
You can reach the support by phone, email or live chat.
National phone numbers to the OctaFx support are available in certain countries, so you might not have to make a call abroad to get phone support.
Examples of available support languages are English, Mandarin Chinese, Spanish, Portuguese, Bahasa Indonesia and Bahasa Malaysia.
Transactions
Examples of transaction methods accepted by OctaFx:
- VISA
- MasterCard
- Bank transfer
- Perfect money
- Skrill
- Neteller
- Country specific:
- Unionpay card (China)
- Local deposit (Malaysia)