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OctaFX

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5.7
(68 Reviews)

Founded: 2018 Min Deposit: 25 EUR/USD

Headquarters: Cyprus Max Lev: 1 : 500

Risk Level I

OctaFX has been warned by Malaysia SC, BNM and CNMV for carrying on unlicensed activities.

Score
Business Scope
6.4
Trading Cost
5.5
Trading Platforms
5.6
Support
5.7
Licence Status

regulated by CySEC

CySEC 372/18
FSCA 51913
Authorised
Authorised
Contact
+357 25251973
clientsupport@octaeu.com
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
2023-01-20
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
2022-11-24
Low spreads, fast execution, useful personal area and withdrawal funds. octafx is great!
Christoph Pratschke
2022-12-22
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
2022-10-20
octafx is a very good broker, but the spread is very high. Please consider carefully

Deposit and Withdrawal

5.0

Score

support crypto wallets

Features

Deposit/withdrawal Problems
Fast Deposit

See more
See more

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
MT4
iOS,  Android,  Webtrader
MT5
iOS,  Android,  Webtrader
Contact
No Data
Others
Website Language
English,  German,  Norwegian
Customer Service By
Phone,  Email,  Live Chat
Supported Language
English,  German,  Norwegian

Related Complaints

Q&A Complaints

Overall Score

5.7
68 Reviews

Cost 5.5

Platforms 5.6

Deposit & Withdrawal 5.0

Customer Support 5.7

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

68 Reviews

Ibrahim Ball

2024-01-23 7-12 months
After making 125 lots and requesting withdrawal, they would charge me a deposit and withdrawal commission of $3,000, which was not stated on their advertisement page before.
Yemen
1

Mpho

2024-01-17 0-6 months
I was using their demo account to check the spreads, and found that their spreads were too high at night, which was inconsistent with their promise
Gabon
1

Ivan

2024-01-11 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?
Saint Lucia
1

AllisWong

2024-01-05 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
United States of America
1

Vasil

2023-12-25 7-12 months
I used VISA to withdraw but was rejected. They told me that they encountered a problem on VISA, I want to know when it can be solved?
Kenya
1

aria

2023-12-20 0-6 months
I deposited 1500INR of my funds into my trading account. Due to certain Octafx internal name issues, my money was not credited to my Octafx account. I am waiting for the last two days, until now my money has not been returned to my bank account
India
1

Geoffrey

2023-12-14 0-6 months
When trading with OctaFx, your money can only be in but not out. Keep trying to make excuses
Monaco
1

Jocelle

2023-12-01 0-6 months
I'm not sure what happened! Everything was fine at first, until there were 2 transactions that I did not execute, which caused me to lose 50% of my account! The transaction is not shown in my transaction log, but on the Trader tab! I lost 50% of my account and no one responded!
El Salvador
1

bunga

2023-09-14 0-6 months
stay away from this broker, very horrible and slippages will make you loss your money.
Malaysia
1

William

2023-01-25 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
1

1-10 of 68 comments

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