Octafx Review

OctaFX review conducted by the team of ForexSQ.com for those who want to know all about the OctaFX.com broker. In 2001, OctaFX was established and it is an online Forex broker that is based in UK. It was recognized by Finance Review and Global Banking as the wildest increasing micro broker in 2012 founded on the high quality facilities which it offers to its customers.

It is promptly come to be one of the foremost providers of CFDs and Forex trading both in the United Kingdom and out of the country. Established in UK, this broker is regulated via the FCA or Financial Conduct Authority, which confirms the skilfully of their work.

Moreover, they provide incomparable trading situations, which comprise a minimum deposit of just 5 dollars, execution of trade in under 0.1 seconds and floating spreads from just 0.02 pips.

Octafx.com Trading Platforms

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OctaFx broker provides the MT4, MT5 and Ctrader trading platform. When you need to trade from your mobile device, desktop or laptop, it accommodates your requirements with the newest technology from MetaTrader. The MT4 and Mt5 will moreover support your iPhone, android, or some Win Mobile OS compliant device. For the new standard in forex trading This Company also provides cTrader platform.

Account Types

OctaFx provides three types of account such as: cTrader ECN, MT4 Micro and ECN trading accounts.

Micro Trading Accounts:

  • 5 Digits Quotes
  • 12 currency pairs plus Silver and Gold
  • Expert Advisors and Scalping allowable
  • Margin Call Level is 25%
  • Leverage level is equal to 1:500
  • Stop Out Level is 15%
  • Necessitate a minimum of $5 deposit to open

ECN Trading Accounts:

  • 5 Digits Quotes
  • Up to 48 currency pairs + Gold and Silver
  • Need a minimum deposit of $50
  • Expert Advisors and Scalping allowed
  • Margin Call Level is 25%
  • Leverage level is up to 1:500
  • Stop Out Level is 15%
  • Requires a minimum of $5 deposit to open

Deposits and Withdrawals

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The process of Deposit comprise Visa / MasterCard, Bank Wire, CashU and Skrill (Moneybookers). From time to time the other local payment procedures are being added. Your deposit might be in EUR or USD, and for a Micro account the balance of minimum deposit is 5 dollars. A usual withdrawal request takings one hour to process, and is trailed through an email confirmation to guarantee that no mistaken withdrawal requests can be subtracted from your account.

Customer Support

The Customer service representatives are actually expert and positioned in Jakarta, Indonesia wherever they deliver support 24X5. Terminated 2,000 inquiries are managed daily. They provide access through phone, Email and direct chat. The company as well supplies research, market news, and a useful economic calendar.

Octafx Review Conclusion

From the review we found that OctaFX forex company is reputable and trustworthy broker. In spite of being a new broker on the Forex trading part, they have managed the hearts and minds of several of their customers with the determination and dedication that they put into provided best facilities to their customers.

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