OctaFX Review 2025 Is OctaFX Legit or Scam?

OctaFX Review 2025 Is OctaFX Legit or Scam?

The analysis was well presented on the charts and the commentary was easy to understand and follow, even if you’re new. Customer service at Octa is through live chat or a support email address, which is a slight letdown as I prefer when companies offer phone support for urgent questions. Overall, the account opening process took 3 minutes which is the fastest application I have completed for opening a live trading account.

OctaFX Copy Trading

Your satisfaction is our top priority, and it is gratifying to know that we have met your expectations. We wish you all the best in your trading endeavours and hope you continue to enjoy your experience with us! Octa’s trading environment is best for regular market participants for active traders. However, at times High-volume traders or like pattern traders might find it as limitation since commission basis account is preferred for easier calculation of trading costs.

Swift payment and instant market…

In case you don’t, please feel free to contact us via Our dedicated 24/7 support team is available in English, Indonesian, Malay, and more. Octa offers a range of trading opportunitites mostly targeted on Contracts for Difference (CFDs) among several asset classes, however there is no classsic Investment Plans or Opportunitites provided by OctaFX. Octa also keeps a thorough FAQ section on its website to answer often-asked questions about trading and account management. The broker also actively appears on Facebook, Twitter, and Instagram, offering still more means of communication.

Currency Support

Withdrawing from my account was also fast, according to my account manager each withdrawal takes roughly 2 hours to get approved. Once approved you can expect the funds to be in your bank account/wallet within 30 minutes which is extremely good service in my opinion. A nice feature I liked was the order ticket showing your potential profit and loss in monetary value compared to just in pips like other platforms. This is a useful feature if you’re new to trading as you’ll know your monetary risk instead of guessing with a pip conversion which could lead to mistakes and over-risking your trades. One of the key highlights for MetaTrader 4 I like is the option to automate your trades using Expert Advisors (EAs) which is allowed on your Octa account.

• The trading experience is enhanced by the availability of more than 25,000 custom indicators and plugins; the interface is simple, and navigation is easy.
• You want to know someone has your back when you’re getting started.
• It should be noted that traders in the U.S. are restricted from opening an account with OctaFX due to strict U.S. regulations enforced by the CFTC and NFA.
• For example, you have advanced order forms where you can set parameters around your positions.
• Octa (formerly OctaFX) is an international broker that has been providing online trading services worldwide since 2011.

Moreover, the integrated copy trading function lets customers duplicate the winning strategies of seasoned traders, so promoting a cooperative trading atmosphere. For people looking for a sophisticated trading experience, Octa’s MT5 platform offers a strong and flexible trading alternative overall. Octa is best suited for both beginner and intermediate traders due to its easy-to-use platform, educational resources, and low minimum deposit requirement.

• When opening my account I was given the option of only using USD as the account base currency.
• Octa has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos.
• Octa offers the basic options when it comes to funding your account through traditional methods and some crypto options.
• OctaFX seems to offer most of the standard asset classes including Forex, Commodities, Equities and Crypto.
• We are always eager to hear from our valued clients.If you require any assistance, our dedicated support team is available via live chat or email at you for choosing Octa.
• The orders are also processed a lot quickly with no order queues.

MetaTrader 4 is extremely well regarded in the industry as one of the top trading platforms ever. Here you get exactly what you expect with a very robust and extremely powerful and also lightweight trading platform that can run on virtually any device. Here is a more detailed look at the wide range of top trading platforms you can expect to find when you are trading at OctaFX, and what they can provide you with. OctaFX offers a total of 35 forex currency pairs for trading. The OctaFX Masters fee is applied if you are copy trading with the broker. This is the commission fee charged by the Master (Signal Provider) whose trade you are copying, and it is up to the individual provider how much this fee will be.

User Experience

You can look forward to trading with the MT5 trading platform on this account where the spreads start at great value from 0.2 pips. The cost of trading too remains very competitive with spreads starting as low as 0.4 pips floating spread or from a 2 pips fixed spread that is available on some currency pairs and only with a USD base currency account. It is the perfect opportunity to trade in a no-risk environment with virtual funds, but which also perfectly replicates live trading. It is the ideal way to get to know more about a broker or the industry. Furthermore, your funds will always be held in segregated accounts with top-tier banks when you trade with OctaFX. This means that no matter the financial situation of the broker, your funds will always be safe.

Octa Features

OctaFX is known for offering competitive spreads and a commission-free trading environment. Spreads start from 0.4 pips on major currency pairs like EUR/USD. Additionally, OctaFX offers swap-free accounts for traders who want to avoid overnight charges. For traders who want to practice before committing real money, OctaFX offers a free demo account. The demo account is fully functional and provides access to $10,000 in virtual funds, enabling users to test their trading strategies in real market conditions.

The Trustpilot Experience

Luckily, OctaFX offers a decent selection of top cryptocurrencies so I could dive right in. Those are handy e-wallet options many traders like myself rely on. Luckily, OctaFX offers a decent set of deposit and withdrawal options. One of my favorite things about OctaFX is that you aren’t limited to just one trading platform. They give you options to suit different styles and levels of experience. By the end of this review, you’ll know exactly what to expect from OctaFX and whether or not they are a legit and reliable broker to trade with.

These include such concepts as Technical and Fundamental Analysis, charting and indicators. These guides not only include the theory behind the disciplines but they also have helpful images that explain the concepts with examples. Most of these resources are actually available free of charge on their website and can be viewed by you right now. This will give you a good grasp of the trading concepts before you dive in with an account. This is an interesting concept that has been used by other European brokers. Withdrawals are just as simple and all that you need to do is to head to your “withdraw” section in your account.

In my case it was the MetaTrader 5 platform, however, I found that octafx review once your account is open you can select different platforms from within the dashboard. Crypto is the slowest to deposit with 3-30 minutes which is still extremely fast in my books as some brokers can take 24 hours to credit your account. These are two offshore regulators that allow Octa to provide secure financial services in 180 countries.