OctaFX is an online Forex and CFD broker registered as IBC (International Business Company) in SVG.
In accordance with international regulation standards, OctaFX uses separate accounts to keep protected customers’ funds segregated from the company’s balance sheets. This keeps your funds secure and untouched.
OctaFX focuses on providing high quality execution, and all orders are processed with Market execution in under 0.1 second.
OctaFX allows scalping, hedging and other strategies.
What is OctaFX?
OctaFX is a forex and CFD trading platform that provides cryptocurrency trading as well. They offer traders the opportunity to trade various cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Ripple against the US dollar or other fiat currencies, or against other cryptocurrencies.
OctaFX provides the popular trading platforms MetaTrader 4 and MetaTrader 5, which can be accessed on both desktop and mobile devices, enabling traders to execute trades from anywhere.
To ensure user safety, OctaFX implements several security measures like SSL encryption, two-factor authentication, and segregated client accounts.
For customer support, OctaFX offers assistance 24/7 via phone, email, and live chat. They also provide a comprehensive FAQ section on their website to answer common questions.
Additionally, OctaFX offers educational resources to help traders learn about cryptocurrency trading and other financial markets. They provide market analysis and news to keep traders updated on the latest developments in the cryptocurrency market.
What you can invest in with OctaFX?
With OctaFX, you can trade BTCUSD (Bitcoin/US Dollar), ETHUSD (Ethereum/US Dollar) and LTCUSD (Litecoin vs. US Dollar).
These cryptocurrency pairs are available on MT4 (MetaTrader4) and MT5 (MetaTrader5).
You can also trade Forex pairs, Metals and Indices on MT4 and MT5 platforms.
Cryptocurrency pairs are offered with 1:2 leverage, and NBP (Negative Balance Protection).
With the leverage, you can start trading BTC with as little as $100 of margin.
Swap charge is $2 per traded lot for all cryptocurrency pairs.
Comparison of OctaFX’s trading account types
OctaFX mainly offers MT4 and MT5 trading account types.
See the table below to know the difference between these trading account types
|Account Type||OctaFX MT5||OctaFX MT4|
|Minimum Spread||0.6 pips||0.6 pips|
|Minimum Deposit||100 USD||100 USD|
|Available Markets||35 currency pairs + gold and silver
+ 3 energies + 10 indices + 30 cryptocurrencies
|35 currency pairs + gold and silver
+ 3 energies + 4 indices + 30 cryptocurrencies
|Minimum Trading Volume||0.01 lots||0.01 lots|
|Maximum Trading Volume||500 lots||200 lots|
|Execution Model||Market Execution||Market Execution|
|Execution Speed||Less Than 0.1 seconds||Less Than 0.1 seconds|
|Account Currency||USD and EUR||USD and EUR|
|Margin Call Level||25%||25%|
|Stop Out Level||15%||15%|
|Use of EAs||Allowed||Allowed|
|Sign Up Link||Open OctaFX MT5 Account||Open OctaFX MT4 Account|
Trading Cryptocurrency pairs with OctaFX
Cryptocurrency trading has been gaining popularity in recent years, and OctaFX is here to help you get in on the action. As a leading financial brokerage firm, OctaFX offers a range of cryptocurrency trading services that cater to both novice and experienced traders.
At OctaFX, you’ll have access to real-time price quotes and charts for popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple. You can trade these cryptocurrencies on their trading platform using low spreads and leverage up to 1:2. The platform also features two of the most popular trading software in the world, MetaTrader 4 and MetaTrader 5, which allows you to access a range of analytical tools, indicators, and trading strategies.
For those who are new to cryptocurrency trading, OctaFX provides educational resources to help you get started. They have a vast library of articles, tutorials, and webinars that cover everything from the basics of cryptocurrency trading to more advanced topics such as technical analysis and risk management.
Furthermore, OctaFX provides excellent customer support, with a team of knowledgeable professionals who are always ready to assist you. Whether you have questions about your account or need help navigating the platform, their customer service team is available 24/5 via phone, email, or live chat.