OctaFX offer one way to trade: Forex.
To open a live account, you’ll need a minimum deposit of at least $5. Alternatively, OctaFX offer a demo account that you can use to practice and familiarise yourself with their platform.
Regulated by . OctaFX puts all client funds in a segregated bank account and uses tier-1 banks for this. OctaFX have been established since 2011, and have a head office in St. Vincent and the Grenadines.
Before we dive into some of the more detailed aspects of OctaFX’s spreads, fees, platforms and trading features, you may want to open OctaFX‘s website in a new tab by clicking the button below in order to see the latest information directly from OctaFX.
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
What are OctaFX's spreads & fees?
The spreads displayed below are based on the minimum spreads listed on OctaFX’s website. The colour bars show how competitive OctaFX’s spreads are in comparison to other popular brokers featured on BrokerNotes.
EUR/USDNot offered $0 per lot
The average spread for EUR/USD across all brokers on BrokerNotes is 0.81 pips. See popular brokers for trading EUR/USD
USD/JPYNot offered $0 per lot
The average spread for USD/JPY across all brokers on BrokerNotes is 0.91 pips. See popular brokers for trading USD/JPY
GBP/USDNot offered $0 per lot
The average spread for GPB/USD across all brokers on BrokerNotes is 1.18 pips. See popular brokers for trading GBP/USD
The average spread for Bitcoin across all brokers on BrokerNotes is 37.92 pips. See popular brokers for trading Bitcoin
The average spread for gold across all brokers on BrokerNotes is 8.62 pips. See popular brokers for trading gold
The average spread for DAX30 across all brokers on BrokerNotes is 14.95 pips. See popular brokers for trading DAX30
Example: How much would it cost to trade 1 lot of EUR/USD?
If you were to buy one standard lot of EUR/USD (100k units) at an exchange rate of 1.1719 and then sell it the next day at the same price you could expect these fees:
|Typical overnight fee:||$0.00||$5.00||$9.40|
|Total cost of a 100k trade:||$0||$12||$15.4|
|+$12.00 more||+$15.40 more|
|Visit OctaFX||Visit AvaTrade||Visit Plus500|
All fees/prices are for informational purposes and are subject to change. Last updated: 17/11/2017.
What instruments can you trade with OctaFX?
|FX / Currencies||OctaFX||AvaTrade||Plus500|
|# of forex pairs offered||59||61|
|Major forex pairs||Yes||Yes||Yes|
|Minor forex pairs||Yes||Yes|
|Exotic forex pairs||Yes||Yes|
|# of commodities offered||16||17|
|Indiced & Stock CFDs||OctaFX||AvaTrade||Plus500|
|# of Stocks offered||99||1816|
|See OctaFX's Instruments||See AvaTrade's Instruments||See Plus500's Instruments|
What's the OctaFX trading experience like?
1) Platforms and apps
OctaFX is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here.OctaFX is one of a handful of brokers that offer the cTrader platform developed for traders looking for a STP/ECN solution. For a list of forex brokers that offer the cTrader platform, check out our comparison of MT4 brokers.
OctaFX also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you‘re on the move.See OctaFX's platforms
2) Executing Trades
OctaFX allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. OctaFX allow you to execute a maxium trade of 10 Lot.As OctaFX offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, OctaFX offer margin up to 2.12% on currencies.
Finally, we‘ve listed some of the popular funding methods that OctaFX offers its traders on the right.
3) Client support
OctaFX support a limited number including English
OctaFX have a BrokerNotes A support rating because OctaFX offer over three languages and email and phone support.
CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.octafx.co.uk/ on November 21, 2017.