What further he mentions is OCTAFX being such a big brand caught him off guard. OCTAFX allegedly unfairly accuses him of bad trading when he trades profitably. For instance, OCTAFX finds a justification to trade against their restrictions for each profitable trade. He is hoping that OCTAFX will change and give him back his $5327 profit. Furthermore to this, some of the platforms like Sitejabber do not recommend users to invest in OctaFX due to its low rating and irresponsible service team. Over 50 various payment methods, including Visa, Neteller, Fasapay, and Bitcoin, are available with OctaFX, in addition to a wide range of regional bank transfers.
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Your reliable partner in the financial market
With their mobile trading apps, users can easily copy the trades of experienced traders. This allows them to profit from the same strategies and techniques. We are thrilled to hear that you have been satisfied with our services over the years. It’s great to know that our team has provided you with fast responses and polite assistance, and that communication in both English and Malay has been easy and effective for you. Dear Jan,We’re sorry to hear that you didn’t have the best experience with our payment processing.
Is OctaFX A Good Broker?
Our team has compiled a series of detailed OctaFX comparison articles, pitting the OctaFX platform against some of the best-rated OctaFX competitors in the market. Dive into our informative OctaFX Vs pages below to find out how OctaFX stacks up against other leading brokers. However, remember https://forexbroker-listing.com/ that you won’t be able to make trades on OctaFX until you have passed compliance, which may take several days, depending on your circumstances. It’s essential to complete the OctaFX KYC compliance process as soon as possible to avoid any delays in accessing the OctaFX platform’s features.
OctaFX Deposit Fees
Copytrading gives you the ability to copy some of the most successful traders on the OctaFX platform. You can take a look at the leaderboard of all of these master traders and examine their trading history. In terms of the customer support options at OctaFX, they offer 24 hour a day service 5 days of the week. You can reach them either through live chat, email, ticket support or a dedicated phone number. If you are going to be making a local bank payment then there are three options at your disposal. These are either through an online transfer, with an ATM or via a standard deposit at your bank account.
📵 What deposit and withdrawal methods OctaFX supports?
You can top up your demo funds on request while you refine your trading strategies or test your trading bots. As mentioned before, there are three main account types that you can use at OctaFX. The choice of these accounts will determine the platform that you trade on and the fees that are applied.
If you deposit at least $50 then they will give you half of the initial deposit as bonus funds. They were relatively easy to follow and could help supplement the demo account if you are starting out. There are some simple videos that are provided in the education section that will help you to set up your MT4 account. These include both on the PC version as well as the mobile apps.
- With OctaFX you will need a minimum deposit of $5.You can sign up for a demo account to acquaint yourself with OctaFX platform.
- It is common to experience rapid losses when trading financial investments like Forex due to market volatility.
- Given that this is a European licence it means that they are allowed to offer their services to clients across the EU.
- The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version.
- Looking at the fiat side deposits, you can pay in either EUR or USD.
- If it’s not mentioned there, most likely, you are about to be scammed.
Octa Trading Information 2024
Your feedback serves as a great encouragement to our team, and we are genuinely grateful for your support. Customer service at Octa is 24/7 not 24/5 like many trading brokers. They have customer service reps who speak various languages so that everyone is covered.I also love the OCTA custom trading platform. They utilise many of the Tradingview indicators and charting with OCTA’s platform is the same as Tradingview, a condensed version. This shines in their trading platform because you can learn and pick up on the run various trading ideas and trades you might take.
Octafx please do something about this aspect of your app and you will receive 10 stars. I had a problem one time with transaction, and their support team helped me super fast. I guess anything can happen, so its good their customer support is helpful.
Through a combination of low fees, advanced technology and efficient customer support, OctaFX has managed to expand into over 100 countries. They have opened up to 300,000 accounts and achieve $4bn in daily volume. Overall, strict financial regulation is essential for ensuring that trading platforms like OctaFX operate fairly, transparently, and responsibly, which ultimately benefits all OctaFX stakeholders involved. It is important to note that OctaFX may request additional documents or information to verify your identity or comply with regulations.
Moreover, you can code your own trading algorithms and bots on the MT4 platform. This is through the use of the their MQL4 programming language which was developed octafx broker reviews specifically for this platform. If you are on the MT5 Pro account then you won’t pay a swap fee but you will have to incur what they call their “Three Days Fee”.
OctaFX also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go. OctaFX may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing OctaFX terms and conditions to understand the commission fees and any other charges that may apply is essential. However, it’s important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it’s essential to research and compares different brokers to determine which best suits your trading needs and budget.
The platform was developed by traders for traders and has a plethora of tools and charting. This is perhaps the most well-known trading platform on the market and is used by countless brokers around the world. Finally, you will be happy to know that there are no withdrawal / deposit fees at OctaFX and they will cover all fees that are incurred by their payment processors. In this OctaFX review we will take an in-depth look into this broker by delving into their tech, fees, regulation and reputation. We will also give you some top tips in order to make the most of your experience on their platforms.
