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 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|