OctaFX
- Trust score
- 4/10
- Legal simplicity
- 4/10
- Min. deposit
- 100
- Regulations
- Payment systems
Features
- Free seminars and trader training
- Daily market analysis
- Low initial deposit
- Copy trading
- Islamic (swap-free) accounts
- Deposit bonus
- Segregated accounts
- ECN accounts
- Scalping allowed
- Affiliate program
- Wide range of trading instruments
Pros
- Regulated internationally by CySEC
- MT4 trading platform
- MT5 and cTrader platforms also available
- No commission on deposits or withdrawals
Cons
- Limited deposit and withdrawal options for European clients
- Operated only as an offshore broker before 2017
- European regulation under CySEC is relatively recent
Updated:
OctaFX is a technology-focused forex and CFD broker operating since 2011. It began as an offshore brand based in Saint Vincent and the Grenadines and, in 2017, relocated to Cyprus and obtained a license from CySEC, which applies European ESMA standards. The broker runs an STP (Straight Through Processing) model with a $100 minimum deposit.
OctaFX offers seminars and training, daily market analysis, a low initial deposit, copy trading, Islamic accounts, a replenishment bonus, segregated funds, ECN accounts, scalping, an affiliate program, and a wide range of trading instruments.
OctaFX Broker Overview
OctaFX is a technology-focused forex and CFD broker that has operated since 2011.
History and Regulatory Transition
OctaFX started as an offshore brand based in Saint Vincent and the Grenadines. In 2017, the company closed its London office and relocated to Cyprus, where it obtained a license from CySEC (the Cyprus Securities and Exchange Commission), which operates under European ESMA standards.
Business Model
OctaFX operates as an STP (Straight Through Processing) broker, routing client orders to liquidity providers rather than trading against them.
Leverage
European clients get leverage of up to 1:30 on major currency pairs and 1:10 on commodities, in line with ESMA rules. Clients trading under OctaFX's international entity can access leverage of up to 1:500.
Trading Accounts
- MICRO: floating spreads from 0.4 pips or fixed spreads from 2 pips, leverage up to 1:500, on MetaTrader 4.
- PRO: floating spreads from 0.2 pips, leverage up to 1:200, on MetaTrader 5.
- ECN: floating spreads from 0 pips plus a $3 per lot commission, leverage up to 1:500, on cTrader.
Trading Instruments
OctaFX offers CFDs on forex, metals, energy, and indices.
Minimum Deposit
The minimum deposit is $100.
Verdict
OctaFX moved from an offshore entity to CySEC regulation in Cyprus while keeping three account tiers across MT4, MT5, and cTrader. The $100 minimum deposit and tiered accounts suit traders moving from beginner to ECN-level trading.
