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OctaFX

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6.5
( 32 Reviews )

Founded: 2018 Min Deposit: 100 EUR

Headquarters: Cyprus Max Lev: 1 : 30

Score
Business Scope
6.4
Trading Cost
6.1
Trading Platforms
6.3
Support
6.6
Licence Status

regulated by CySEC

CySEC 372/18
Contact
+357 25251973
clientsupport@octafx.eu
https://www.octafx.eu/
Multiple Base Currencies Support
Deposit/withdrawal Problems
Multilingual Support
Fast Deposit
Fast Withdrawal
Multiple Account types
Tight Spread
Low Commission
Not for US Customers
High Leverage
Mohammad
2021-01-20
OctaFX is a reliable broker, I have been with them for a long time, and they fulfilled the obligations they gave me from the beginning. I regularly withdraw funds, open orders and complete transactions immediately. I think these are indicators of a good and reliable broker.
Oscar Adams
2020-11-24
Low spreads, fast execution, useful personal area and withdrawal funds. octafx is great!
Christoph Pratschke
2020-12-22
I have extensive experience in OctaFX trading. It is an honest and trustworthy broker who always serves customers. The service provided is excellent, the execution speed is also very fast, and there is no need to re-quote
EllenRodger
2020-10-20
octafx is a very good broker, but the spread is very high. Please consider carefully
Account & Cost Deposit & Withdrawal Company & Service Broker News Related Complaints Reviews

Deposit and Withdrawal

6.0

Average

support crypto wallets

Features

Deposit/withdrawal Problems
Fast Deposit

Company and Service

6.6

Average

high spreads & good customer support

Features

Quick Response
Good Customer Service
Fast Registration
Profile
Headquarters Address
1, Agias Zonis and Thessalonikis Corner, Nicolaou Pentadromos Center, Block: B', Office: 201, 3026, Limassol, Cyprus
Founded 2018
Broker Type
STP,  MM/DD
Time Zone GMT+3
Credit Profile No information
Trading Platforms
MT5
Windows,  iOS,  Android,  Webtrader
Contact
No Data
Others
Website Language
English,  German,  Norwegian
Customer Service By
Phone,  Email,  Live Chat
Supported Language
English,  German,  Norwegian

Broker News

Caution! Investors Reported Withdrawal Problems With OctaFX 2022-06-03
OctaFX is known for its massive advertisement campaigns to lure investors. However, the majority of OctaFX customers are experiencing withdrawal problems with the company.
Deposit Rate Comparison Between Forex Brokers in Nigeria 2022-05-09
Here is a list of the top 7 popular forex brokers that offer relatively good deposit exchange rates and trading platforms to Nigerian traders.
OctaFX Increases Leverage for Cryptocurrency to 1:25 2021-07-07
OctaFX, a worldwide recognized forex brokerage firm, recently announced that it has increased its leverage for cryptocurrency from 1:10 to 1:25, allowing users to take advantage of the increased leverage option to maximise their potential profit. Wanna Know How to Reach Our Audience of Millions at F

Related Complaints

Q&A

What's the lowest deposit here?

Felix
Spain
2022-10-14
ANSWER OctaFX is owned and operated by Octa Markets Cyprus Ltd, a company authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 372/18.As for the question you asked, we recommend that you ask the official customer services directly for a more accurate answer. For more details on this broker, please check our full OctaFX review.
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Is OctaFX a reliable broker?

Johnson
France
2022-05-24
ANSWER OctaFX is owned and operared by Octa Markets Cyprus Ltd, a company regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number: 372/18. For more details on this broker, please check our full OctaFX review.Cyprus joined the European Union in 2004, and as an EU member state, CySEC's financial regulations and operations comply with the European MiFID financial harmonization law. As a licensed broker overseen by reputable watchdog CySEC, OctaFX is required to follow a series of rigorous rules and obligations, therefore operating in a relatively credible and transparent way with a secure trading environment. Hence, this broker is considered to be a reliable broker by comparison with unregulated and weak-regulated brokers.
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Overall Score

6.5
32 Reviews

Cost 6.1

Platforms 6.3

Deposit & Withdrawal 6.0

Customer Support 6.6

Indicates the average level of Brokers

Keywords for selection
High Spreads Deposit/Withdrawal Problems Bad/Unprofessional Customer Support Terrible Deposit/Withdrawal Transfer Fees Good/Professional Customer Support Reliable & Reputable

32 Reviews

Sort by

Samuel Kwadwo Acquaah

2021-01-11 0-6 months cTrader Account
I have been trading with them in the past few months . OctaFX is definitely not a bad broker. So far, they have provided good execution without requotes and sliding opportunities. Spreads and swaps.
Estonia
Helpful
Not helpful

HelenNoble

2022-08-27 Not used yet MT5 Account
Not used myself but a friend had real problems with this broker. Seems to be very difficult to get your money out.
Helpful
Not helpful

PitterVolf

2021-02-02 1-3 years
What I am satisfied with OctaFX is their immediate response to any query, which is the best for me. They offer various withdrawals and deposits, which is also great.
China
Helpful
Not helpful

Mohamed Amine

2021-01-31 7-12 months MT5 Account
Their deposit and withdrawal payment methods are very simple, and their customer service is not professional
Vietnam
Helpful
Not helpful

Kian Lloyd

2021-01-28 0-6 months
I'm very satisfied with trading with octafx. They immediately gave me a welcome bonus of $8, and the time interval is very short, which can help me practice trading.
China
Helpful
Not helpful

William

2021-01-25 7-12 months
I have tried to open XTIUSD transactions many times, but it has not been opened yet. Are there any problems with this currency pair?
Japan
Helpful
Not helpful

Mohammad

2021-01-20 1-3 years cTrader Account
OctaFX is a reliable broker, I have been with them for a long time, and they fulfilled the obligations they gave me from the beginning. I regularly withdraw funds, open orders and complete transactions immediately. I think these are indicators of a good and reliable broker.
Germany
Helpful
Not helpful

Olya Martynova

2021-01-20 0-6 months MT5 Account
Under the easy-to-understand trading conditions of the broker OctaFX, although I did not win the competition, I got a bonus of 10 dollars
San Marino
Helpful
Not helpful

LIM

2021-01-17 1-3 years
OctaFx is a legit broker where deposit and withdrawals are fast. Spreads are a bit wide but nothing terrible except for scalpers. The only issue is there is too few deposit/withdrawal methods now that neteller and skrill have been removed...I wish they were back so I could trade more with this broker.
Italy
Helpful
Not helpful

Masood Hussain

2021-01-10 7-12 months
I have not received the Bitcoin withdrawal a few hours ago. They keep telling me that they have encountered a Bitcoin problem. Please solve this problem as soon as possible, thank you
Egypt
Helpful
Not helpful

1-10of 32 comments

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.