Review of the OctaFX Forex and CFD Broker 4.5/5OctaFX is a regulated forex and CFD broker that offers copy-trading and forex trading, as well as stock index and commodity CFDs. Min. deposit $100 Website address https://www.octafx.com/ Demo account Yes Currency EURUSD Supported languages DeuEng Active Yes Payment Methods Credit CardDebit CardFasaPayMastercardNetellerSkrillVisaWire Transfer Instruments CFDsCommoditiescryptocurrenciesForexindices Min. trade price 0.01 lots Regulated By CySECSVGFSA MetaTrader 4 No MetaTrader 5 Yes cTrader No OmniTrader No AlgoTrader No TradingView No Trading Central No Autochartist Yes eSignal No STP Account No ECN Account Yes DMA Account No MAM Account No PAMM Account No LAMM Account No Demat Account No Mobile Apps Yes (iOS & Android) Margin Trading Yes Volatility Index No Spot Trading Yes Perpetual Swaps No ELWs No REITs No AI / Machine Learning No Robo Advisor No P2P Trading No Negative Balance Protection Yes VPS Hosting Yes Tournaments No Demo Competitions Yes Managed Accounts No Market Maker No Auto Trading Yes Social Trading Yes Copy Trading No Trade Signals Yes Islamic Account Yes Inactivity Fee 0 Guaranteed Stop Loss No Stock Exchanges Dow JonesFTSE UK IndexNasdaq Commodities GasolineGoldNatural GasOilSilver Crypto Spread Variable Crypto Lending No Crypto Staking No Crypto Mining No Crypto Auto Market Maker No Crypto Coins AAVE, ADA, ALGO, ATOM, AVAX, BTB, BTC, DASH, DOGE, DOT, ETH, IOTA, LINK, LTC, MANA, MATIC, NEAR, SOL, ZEC Ladder Options No Boundary Options No Show all >>* The amount that will be credited to the account in the case of a successful deal*General Risk Warning: Your capital might be at riskMin. deposit20$Min. trade price1$Website addresshttps://www.octafx.com/Demo accountYesCurrencyEURUSDSupported languagesDeuEngActiveYes * The amount that will be credited to the account in the case of a successful deal Trustpilot Real Time Reviews The Trustpilot rating is 4.5, according to 5310 reviews Ampofo Samuel gh Excellent broker, quality interface, Good customer care, Low Spread, Fast Deposit & Withdrawal! The Payment method, I wish you guys should add more. I'm from Ghana 🇬🇭 in the West African. We find it little difficult to make a Deposit into our account. Try to add ( MTN Mobile Money ) into the Payment Options for Direct Deposit 🙏✅View all Maqsood Ahmed pk Nice experience with octafx plz stable in spread at news time and Sydney session these are so high otherewise it's okView all Muhammad Khawar Sarfraz pk Company doing well with thare client Werry good for those who are interested to forex trade thay should go through to. The octafx.thay sre verry profational &more experienced.have a good experience with octafx thanksView all Ikechukwu Paul Ebirim ng I love the fact that the bonus attached to my deposit is not removed even when I make withdrawals. Octafx is fast and reliable. I am pleased to be on this platform.View all Jose Eduardo Garcia Colin mx I love the way you guys give us the opportunity to copy a master as i don´t know anything about trading and this is a good opportunity for us who wants to earn a little extra of course having in mind that we can also lose but this is a risk. I´m new this is my first weekView all Selvanayagam C in Your service are always welcome one, and i have to earn money because I losed every thing what I have invested even though I have lot of hopeView all Load more Cory Mitchell Author 8 min read Published: November 09, 2018 Updated: February 21, 2023 Views: 401Content Is OctaFX Safe to Deposit and Trade With? What are OctaFX’s Trading Fees? OctaFX Product Offerings OctaFX Promotions and Bonuses What is the Minimum Deposit and Withdrawal Amount at OctaFX? OctaFX Account Types OctaFX Trading Platforms and Apps OctaFX Support and Education OctaFX FAQsOctaFX is a regulated forex and CFD broker that offers copy-trading and forex trading, as well as stock index and commodity CFDs. Cryptocurrency and shares trading are available if you reside outside of Europe. What draws many customers to OctaFX? It doesn’t charge commissions on trades.OctaFX operates two websites, .com and .eu. The .com website is unregulated but offers more assets to trade, including stocks. The .eu domain is regulated and has a much smaller selection of assets to trade.ProsConsOctaFX.eu is regulated in Cyprus.OctaFX.com is not regulated anywhere.No commission costs.Few trading assets when registered through the regulated website (.eu). No stock trading. Stock trading is available on OctaFX.comIf looking for a forex broker, all commonly traded pairs are available.OctaFX.eu only offers the MetaTrader5 trading platform.OctaFX.com offers MetaTrader4 and 5, and the OctaTrader platform (though it is unregulated).Spreads can be high compared to other forex brokers.All client deposits are held in a segregated account.No fees on deposits or withdrawalsFree demo account and deposit bonuses.Is OctaFX Safe to Deposit and Trade With? OctaFX’s .eu website is regulated in Cyprus by the Cyprus Securities and Exchange Commission (CySec).A downside of the broker is if you register through the OctaFX.com website, it is unregulated. Regardless of which website you sign up through, client funds are held in a segregated account. This is important because your funds are held in trust, separate from the business accounts of OctaFX.This means if OctaFX were to fail, your funds are protected. Another advantage of OctaFX is that it offers negative balance protection, which means if you lose more money than you deposited, you are not liable for paying back the debt. The company was founded in 2011, which means it has been in operation for more than a decade.All combined, your money is likely safe with this broker. However, keep in mind that trading with a broker that is regulated in multiple locations, especially a major global market like Canada, Japan, Australia, the US, or the UK, is generally preferred. OctaFX.com has a 4.4 out of 5 rating on Trustpilot.Further reading Building Small Profits, Fast: How to Use an Options Scalping Strategy for Trading Intrade.Bar Review: Is this Forex Broker Worth The Squeeze for Binary Options? The Story Behind the MBA Forex Scam and Closure What Is a Forex Cent Account? Learn the Basics! Pocket Option review 2023: pros & cons Pip calculatorWhat are OctaFX’s Trading Fees? OctaFX doesn’t charge commissions; their fee is included in the spread, which is the difference between the price you can buy and sell at.The spreads offered by OctaFX are competitive compared to other no-commision brokers, although they are definitely not the cheapest. I also found that while their advertised spread is quite low, the actual spread you receive while trading (or even on their quotes page) is quite a bit higher.For example, the OctaFX website says the typical EUR/USD spread is 0.5 pips. That is quite good for a non-commission broker. In actual trading, it tends to range between 1.0 and 1.5 pips. Here are the spreads witnessed during the US session:EUR/USD1.0 – 1.5 pipsGBP/USD1.0 – 1.5 pipsUSD/JPY1.0 – 1.5 pipsNas1002.0 – 2.5 pipsBitcoin (.com website only)$20 – $25Gold2.0 – 30 pips ($0.2 -$0.30)Further reading FEATURES OF ISLAMIC ACCOUNTS FOR TRADING IN BINARY OPTIONS AND FOREX What is Forex? Unknown Facts & Figures (The Ultimate Guide) How long to learn binary options trading in 2023? 10TRADEFX REVIEW 2023: IS IT WORTH IT? What does a forex trader do? What is forex trading? MetaTrader 4 Review: A Free Comprehensive Trading Platform for Experts and NovicesOctaFX Product Offerings The products offered by OctaFX vary depending on whether you sign up through their .eu or .com website.OctaFX.com offers more than 230 instruments to trade, including forex, crypto, stock indices, commodities, and stocks. OctaFX.eu offers 42 assets to trade, including 28 forex pairs, 10 stock indices, and 4 commodities (gold, silver, Brent oil, and West Texas oil).This should be enough to satisfy most forex traders. If you specifically want to trade CFDs, then other brokers have more options.Further reading Trading Strategy: ALMA with Moving Averages TRADING STRATEGY ON A FRACTAL REVERSAL WITH THE RSI FILTER How Long Does It Take To Get One Bitcoin? Top Binary Options Brokers Reviewed in 2023 EXANTE BROKER REVIEW 2023: FEES AND BENEFITS The Story Behind the MBA Forex Scam and ClosureOctaFX Promotions and Bonuses Bonuses vary depending on which OctaFX website you sign up with.OctaFX.com offers more than 230 instruments to trade, including forex, crypto, stock indices, commodities, and stocks. OctaFX.eu offers 42 assets to trade, including 28 forex pairs, 10 stock indices, and 4 commodities (gold, silver, Brent oil, and West Texas oil).This should be enough to satisfy most forex traders. If you specifically want to trade CFDs, then other brokers have more options.Further reading How to make money on binary options without any investment? CXMARKETS BROKER REVIEW 2023: COST AND BENEFITS What to Do if a Broker Refuses to Pay – 3 Effective Methods Investors take Forex platform ROFX and its founders to court 11 BEST PAPER TRADING APPS (TRADE WITH NO RISK) Trader’s profitability CalculatorWhat is the Minimum Deposit and Withdrawal Amount at OctaFX? The minimum deposit amount is $50 or €50. Regardless of the deposit method, the minimum deposit amount is the USD or EUR equivalent. For example, if depositing Bitcoin, be sure to send at least $50 worth.The minimum withdrawal amount is $5 or €5, or the equivalent in crypto. The minimum to withdraw via Tether is 20. If withdrawing to a bank, the minimum withdrawal is €50 (only applicable to .eu customers). With OctaFX.com, you can deposit and withdraw EUR, USD, or crypto. With OctaFX.eu, you can only deposit and withdraw EUR.OctaFX Deposit and Withdrawal MethodsOctaFX has a solid assortment of deposit and withdrawal methods. Here are the deposit methods for OctaFX.com. Note that you can’t withdraw to Mastercard (only deposit).BitcoinMastercardSkrillTether (TRC-20, ERC-20)NetellerDogecoinEthereumLitecoinThe deposit and withdrawal methods for OctaFX.eu are more limited:Visa/MastercardRietumu BankSkrillBlueOrange BankSwissquote BankYou may deposit and withdraw to your credit card (up to the amount deposited with it).Further reading The Most Popular Trading Assets For Binary Options How to Buy Stripe Stock Take-profit and stop-loss on the IQ option platform! Cryptocurrency trading and binary options EasyOption Review 2023: Is It Worth It? E-Trade feedback on the trading platformOctaFX Account Types With OctaFX.com there is only one account type, and that is a MT5 account. With OctaFX.eu there are two account types. The only difference is the trading platform: MT4 or MT5.Scalping, hedging, and news trading are allowed. The minimum deposit is €50 or $50. There are no commissions and no withdrawal or deposit fees. Here are the MT5 account details for an OctaFX.eu account:Further reading Close Option - binary options broker review Moon Bitcoins Review 2023 (Legit Or Scam) Convert Satoshi To BTC Bitcoin | 100% Free Online Tool Learn to Use the Economic Calendar: Binary Options Trading Volume Based Trading Techniques (Volume Indicators) What Is Online Wealth Market (The Full Review 2023)OctaFX Trading Platforms and Apps Once again, the trading platforms and apps you have access to depend on the website you sign up with. In all cases, you have access to the MT5 trading platform.With OctaFX.com, you have access to the MetaTrader 4 and 5 trading platforms. These are offered by most forex brokers. WithOctaFX.com you also have access to the OctaTrader platform, which is created by OctaFX.MetaTrader is available on Windows computers. All the platforms are also available via an app on your Android or Apple device.For OctaFX.eu users, only the MetaTrader5 platform is available. It is available on desktop (Windows) and via an online version for Apple computers. It is available for download on Android and Apple phones. If you are interested in trading stocks with OctaFX.com, you will need MT5.Further reading What Is AdvCash Or An Off-shore Payment Card Alternative Is Quotex a scam? Read this before trying the broker in 2023 BINARYCENT REVIEW: IS IT WORTH IT? The 80/20 rule In Trading. How To Implement It? 110 Trading Quotes to Set You on the Road to Success Free Online Interactive Binary Options Charts and Why You Should Use ThemOctaFX Support and Education OctaFX offers around the clock support, as well as educational resources where traders can learn about trading.When researching brokers, it’s important to choose one with a responsive customer service team in case you run into any issues. OctaFX offers support 24/7. You can access support via live chat on the site or through the following contact choices:Phone number (Cyprus): +357 25 251 973Customer support:clientsupport@octafx.euMarketing & Partnership: marketing@octafx.euFor OctaFX.com, you can send them an email via the Contact Us page. Educational resources on OctaFX.eu are limited, but there is a wide array of articles, webinars, and daily market updates on OctaFX.com.OctaFX Copy TradingCopy trading is when you copy the trades of someone you have opted to follow. The trades can be automatically placed in your account.With the OCtaFX CopyTrading program you can become a master trader by sharing your track record and letting other people copy your trades – or, you can choose to copy the trades of master traders. Copy trading offers a simple way to follow trade signals of more experienced traders.If you become a master trader and other traders copy your trades, you can earn an extra income by charging your clients/copiers a commission on each trade.Further reading Top Binary Options Brokers Reviewed in 2023 How Сan Binary Options Brokers Cheat You? Top Five Richest and Most Influential Traders Today Top 10 Fun Facts About Forex Trading Live Currency Heat Map How to Buy Stripe Stock OctaFX FAQsFrom what countries does OctaFX accept clients?OctaFX.eu accepts clients from Europe, excluding Belgium and the UK. OctaFX.com doesn’t accept clients from Canada and the US.How long do OctaFX withdrawals take?Once a withdrawal is submitted, it is typically processed within several minutes. Bank transfers may take 3-7 days to reach their destination.Does OctaFX requote prices?A requote is when a broker rejects your order and then asks if you would like to make the transaction at a different price. OctaFX does not requote.What leverage does OctaFX offer?OctaFX.eu offers up to 30:1 leverage on forex pairs, 20:1 on stock index CFDs, and 10:1 on commodity CFDs. OctaFX.com offers up to 500:1 on forex pairs, 200:1 on metals, 100:1 on energies, 50:1 on indices, 25:1 on crypto, and 20:1 on stocks.Does OctaFX allow scalping, hedging, and news trading?Yes, you can use these trading styles with OctaFX.What account currencies does OctaFX offer?OctaFX.eu only offers euro accounts. OctaFX.com offers euro and US dollar accounts.Final Thoughts on OctaFXOctaFX offers reasonable trading conditions. They don’t charge commissions, but their spreads are not the cheapest. They offer a limited number of trading platforms, but MT4 and MT5 are suitable for most traders’ needs.OctaFX.eu is regulated in Cyprus, but OctaFX.com is not regulated at all. Ideally, brokers are regulated in a major financial center, although since it has been in operation since 2011, funds are likely safe with this broker. For other broker options, check out our list of Forex Broker Reviews.Further reading Grand Capital Broker Overview - Pros, Cons, and Warnings Binomo Review 2023: Is It Worth a Try? Orbex Broker Overview What Is Swap (XWP) And Why You Should Invest In It Free Online Interactive Binary Options Charts and Why You Should Use Them How To Identify Stocks Gaps Properly? (The 4 Gap Types)
Cory Mitchell Author 8 min read Published: November 09, 2018 Updated: February 21, 2023 Views: 401Content Is OctaFX Safe to Deposit and Trade With? What are OctaFX’s Trading Fees? OctaFX Product Offerings OctaFX Promotions and Bonuses What is the Minimum Deposit and Withdrawal Amount at OctaFX? OctaFX Account Types OctaFX Trading Platforms and Apps OctaFX Support and Education OctaFX FAQsOctaFX is a regulated forex and CFD broker that offers copy-trading and forex trading, as well as stock index and commodity CFDs. Cryptocurrency and shares trading are available if you reside outside of Europe. What draws many customers to OctaFX? It doesn’t charge commissions on trades.OctaFX operates two websites, .com and .eu. The .com website is unregulated but offers more assets to trade, including stocks. The .eu domain is regulated and has a much smaller selection of assets to trade.ProsConsOctaFX.eu is regulated in Cyprus.OctaFX.com is not regulated anywhere.No commission costs.Few trading assets when registered through the regulated website (.eu). No stock trading. Stock trading is available on OctaFX.comIf looking for a forex broker, all commonly traded pairs are available.OctaFX.eu only offers the MetaTrader5 trading platform.OctaFX.com offers MetaTrader4 and 5, and the OctaTrader platform (though it is unregulated).Spreads can be high compared to other forex brokers.All client deposits are held in a segregated account.No fees on deposits or withdrawalsFree demo account and deposit bonuses.Is OctaFX Safe to Deposit and Trade With? OctaFX’s .eu website is regulated in Cyprus by the Cyprus Securities and Exchange Commission (CySec).A downside of the broker is if you register through the OctaFX.com website, it is unregulated. Regardless of which website you sign up through, client funds are held in a segregated account. This is important because your funds are held in trust, separate from the business accounts of OctaFX.This means if OctaFX were to fail, your funds are protected. Another advantage of OctaFX is that it offers negative balance protection, which means if you lose more money than you deposited, you are not liable for paying back the debt. The company was founded in 2011, which means it has been in operation for more than a decade.All combined, your money is likely safe with this broker. However, keep in mind that trading with a broker that is regulated in multiple locations, especially a major global market like Canada, Japan, Australia, the US, or the UK, is generally preferred. OctaFX.com has a 4.4 out of 5 rating on Trustpilot.Further reading Building Small Profits, Fast: How to Use an Options Scalping Strategy for Trading Intrade.Bar Review: Is this Forex Broker Worth The Squeeze for Binary Options? The Story Behind the MBA Forex Scam and Closure What Is a Forex Cent Account? Learn the Basics! Pocket Option review 2023: pros & cons Pip calculatorWhat are OctaFX’s Trading Fees? OctaFX doesn’t charge commissions; their fee is included in the spread, which is the difference between the price you can buy and sell at.The spreads offered by OctaFX are competitive compared to other no-commision brokers, although they are definitely not the cheapest. I also found that while their advertised spread is quite low, the actual spread you receive while trading (or even on their quotes page) is quite a bit higher.For example, the OctaFX website says the typical EUR/USD spread is 0.5 pips. That is quite good for a non-commission broker. In actual trading, it tends to range between 1.0 and 1.5 pips. Here are the spreads witnessed during the US session:EUR/USD1.0 – 1.5 pipsGBP/USD1.0 – 1.5 pipsUSD/JPY1.0 – 1.5 pipsNas1002.0 – 2.5 pipsBitcoin (.com website only)$20 – $25Gold2.0 – 30 pips ($0.2 -$0.30)Further reading FEATURES OF ISLAMIC ACCOUNTS FOR TRADING IN BINARY OPTIONS AND FOREX What is Forex? Unknown Facts & Figures (The Ultimate Guide) How long to learn binary options trading in 2023? 10TRADEFX REVIEW 2023: IS IT WORTH IT? What does a forex trader do? What is forex trading? MetaTrader 4 Review: A Free Comprehensive Trading Platform for Experts and NovicesOctaFX Product Offerings The products offered by OctaFX vary depending on whether you sign up through their .eu or .com website.OctaFX.com offers more than 230 instruments to trade, including forex, crypto, stock indices, commodities, and stocks. OctaFX.eu offers 42 assets to trade, including 28 forex pairs, 10 stock indices, and 4 commodities (gold, silver, Brent oil, and West Texas oil).This should be enough to satisfy most forex traders. If you specifically want to trade CFDs, then other brokers have more options.Further reading Trading Strategy: ALMA with Moving Averages TRADING STRATEGY ON A FRACTAL REVERSAL WITH THE RSI FILTER How Long Does It Take To Get One Bitcoin? Top Binary Options Brokers Reviewed in 2023 EXANTE BROKER REVIEW 2023: FEES AND BENEFITS The Story Behind the MBA Forex Scam and ClosureOctaFX Promotions and Bonuses Bonuses vary depending on which OctaFX website you sign up with.OctaFX.com offers more than 230 instruments to trade, including forex, crypto, stock indices, commodities, and stocks. OctaFX.eu offers 42 assets to trade, including 28 forex pairs, 10 stock indices, and 4 commodities (gold, silver, Brent oil, and West Texas oil).This should be enough to satisfy most forex traders. If you specifically want to trade CFDs, then other brokers have more options.Further reading How to make money on binary options without any investment? CXMARKETS BROKER REVIEW 2023: COST AND BENEFITS What to Do if a Broker Refuses to Pay – 3 Effective Methods Investors take Forex platform ROFX and its founders to court 11 BEST PAPER TRADING APPS (TRADE WITH NO RISK) Trader’s profitability CalculatorWhat is the Minimum Deposit and Withdrawal Amount at OctaFX? The minimum deposit amount is $50 or €50. Regardless of the deposit method, the minimum deposit amount is the USD or EUR equivalent. For example, if depositing Bitcoin, be sure to send at least $50 worth.The minimum withdrawal amount is $5 or €5, or the equivalent in crypto. The minimum to withdraw via Tether is 20. If withdrawing to a bank, the minimum withdrawal is €50 (only applicable to .eu customers). With OctaFX.com, you can deposit and withdraw EUR, USD, or crypto. With OctaFX.eu, you can only deposit and withdraw EUR.OctaFX Deposit and Withdrawal MethodsOctaFX has a solid assortment of deposit and withdrawal methods. Here are the deposit methods for OctaFX.com. Note that you can’t withdraw to Mastercard (only deposit).BitcoinMastercardSkrillTether (TRC-20, ERC-20)NetellerDogecoinEthereumLitecoinThe deposit and withdrawal methods for OctaFX.eu are more limited:Visa/MastercardRietumu BankSkrillBlueOrange BankSwissquote BankYou may deposit and withdraw to your credit card (up to the amount deposited with it).Further reading The Most Popular Trading Assets For Binary Options How to Buy Stripe Stock Take-profit and stop-loss on the IQ option platform! Cryptocurrency trading and binary options EasyOption Review 2023: Is It Worth It? E-Trade feedback on the trading platformOctaFX Account Types With OctaFX.com there is only one account type, and that is a MT5 account. With OctaFX.eu there are two account types. The only difference is the trading platform: MT4 or MT5.Scalping, hedging, and news trading are allowed. The minimum deposit is €50 or $50. There are no commissions and no withdrawal or deposit fees. Here are the MT5 account details for an OctaFX.eu account:Further reading Close Option - binary options broker review Moon Bitcoins Review 2023 (Legit Or Scam) Convert Satoshi To BTC Bitcoin | 100% Free Online Tool Learn to Use the Economic Calendar: Binary Options Trading Volume Based Trading Techniques (Volume Indicators) What Is Online Wealth Market (The Full Review 2023)OctaFX Trading Platforms and Apps Once again, the trading platforms and apps you have access to depend on the website you sign up with. In all cases, you have access to the MT5 trading platform.With OctaFX.com, you have access to the MetaTrader 4 and 5 trading platforms. These are offered by most forex brokers. WithOctaFX.com you also have access to the OctaTrader platform, which is created by OctaFX.MetaTrader is available on Windows computers. All the platforms are also available via an app on your Android or Apple device.For OctaFX.eu users, only the MetaTrader5 platform is available. It is available on desktop (Windows) and via an online version for Apple computers. It is available for download on Android and Apple phones. If you are interested in trading stocks with OctaFX.com, you will need MT5.Further reading What Is AdvCash Or An Off-shore Payment Card Alternative Is Quotex a scam? Read this before trying the broker in 2023 BINARYCENT REVIEW: IS IT WORTH IT? The 80/20 rule In Trading. How To Implement It? 110 Trading Quotes to Set You on the Road to Success Free Online Interactive Binary Options Charts and Why You Should Use ThemOctaFX Support and Education OctaFX offers around the clock support, as well as educational resources where traders can learn about trading.When researching brokers, it’s important to choose one with a responsive customer service team in case you run into any issues. OctaFX offers support 24/7. You can access support via live chat on the site or through the following contact choices:Phone number (Cyprus): +357 25 251 973Customer support:clientsupport@octafx.euMarketing & Partnership: marketing@octafx.euFor OctaFX.com, you can send them an email via the Contact Us page. Educational resources on OctaFX.eu are limited, but there is a wide array of articles, webinars, and daily market updates on OctaFX.com.OctaFX Copy TradingCopy trading is when you copy the trades of someone you have opted to follow. The trades can be automatically placed in your account.With the OCtaFX CopyTrading program you can become a master trader by sharing your track record and letting other people copy your trades – or, you can choose to copy the trades of master traders. Copy trading offers a simple way to follow trade signals of more experienced traders.If you become a master trader and other traders copy your trades, you can earn an extra income by charging your clients/copiers a commission on each trade.Further reading Top Binary Options Brokers Reviewed in 2023 How Сan Binary Options Brokers Cheat You? Top Five Richest and Most Influential Traders Today Top 10 Fun Facts About Forex Trading Live Currency Heat Map How to Buy Stripe Stock OctaFX FAQsFrom what countries does OctaFX accept clients?OctaFX.eu accepts clients from Europe, excluding Belgium and the UK. OctaFX.com doesn’t accept clients from Canada and the US.How long do OctaFX withdrawals take?Once a withdrawal is submitted, it is typically processed within several minutes. Bank transfers may take 3-7 days to reach their destination.Does OctaFX requote prices?A requote is when a broker rejects your order and then asks if you would like to make the transaction at a different price. OctaFX does not requote.What leverage does OctaFX offer?OctaFX.eu offers up to 30:1 leverage on forex pairs, 20:1 on stock index CFDs, and 10:1 on commodity CFDs. OctaFX.com offers up to 500:1 on forex pairs, 200:1 on metals, 100:1 on energies, 50:1 on indices, 25:1 on crypto, and 20:1 on stocks.Does OctaFX allow scalping, hedging, and news trading?Yes, you can use these trading styles with OctaFX.What account currencies does OctaFX offer?OctaFX.eu only offers euro accounts. OctaFX.com offers euro and US dollar accounts.Final Thoughts on OctaFXOctaFX offers reasonable trading conditions. They don’t charge commissions, but their spreads are not the cheapest. They offer a limited number of trading platforms, but MT4 and MT5 are suitable for most traders’ needs.OctaFX.eu is regulated in Cyprus, but OctaFX.com is not regulated at all. Ideally, brokers are regulated in a major financial center, although since it has been in operation since 2011, funds are likely safe with this broker. For other broker options, check out our list of Forex Broker Reviews.Further reading Grand Capital Broker Overview - Pros, Cons, and Warnings Binomo Review 2023: Is It Worth a Try? Orbex Broker Overview What Is Swap (XWP) And Why You Should Invest In It Free Online Interactive Binary Options Charts and Why You Should Use Them How To Identify Stocks Gaps Properly? (The 4 Gap Types)