From among the trading systems known as « Master Traders » to copy on Octa’s Copytrading app, there are 1,390 newcomers, 986 growing talent, 703 high achievers, 360 experts, and 223 legends. I was impressed with this feature and its most recent AI-powered performance analytics, known as Octa Vision which was in beta when I tested it in the platform. Check out my picks for the best mobile trading apps in the industry. Octa does have a proprietary mobile app for trading, as well as for social copy trading (the Octa Copytrading app), yet it still trails behind industry leaders such as IG and Saxo. That said, with no date range available for its average spread data, I was unable to make a precise comparison to the best brokers. » Octa has improved its pricing and appears to keep pace with the lowest-cost MetaTrader brokers.
Octa’s demo account gives traders a realistic, zero-risk environment to explore Forex markets. Octa’s trading accounts deliver flexibility with low entry costs and commission-free trading. It uses segregated accounts, encrypts transactions, and offers negative balance protection. Octa protects client funds by holding them in segregated accounts, keeping trader deposits separate from company assets.
Deposit and Withdrawal
For a wider selection of products with thousands of instruments we would advise selecct other Broker then. CopyTrading is perfect for beginners and those who want to profit without devoting much time to managing their portfolios. Single app and web service integrated into the Oct lets you earn like an experienced trader without any specific knowledge. The simple interface of the program ensures quick navigation, which qualifies for both new and expert traders. With 30 technical indicators and 15 drawing tools, the app allows efficient chart analysis right away. With trades usually handled in under 0.1 seconds, MT5 showed enhanced order execution speeds during testing—a critical ability for busy traders.
INGOT Brokers Review
At least this way, you can copy an experienced trader and benefit from leveraged products such as forex, crypto or commodities like gold. Octa offers Octa Copy for copy trading giving you access to 1,500+ copy traders on Octa. If you’re unsure which platform is for you, I’ve created this 5-step questionnaire that will match your answers to help find the best forex trading platform for your trading style.
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It aims to simplify the process for beginners while still providing flexible tools for more experienced traders. Octa is a global online broker offering trading services in forex, commodities, indices, and cryptocurrencies. Many traders report slow or delayed withdrawals, sudden leverage reductions, and execution issues such as slippage or account freezes. Octa offers a wide range of educational tools and resources to help traders improve their knowledge and skills.
Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. Octa Markets Ltd is the brand’s international entity based in Mwali, and it provides limited regulatory protection, as the Mwali International Services Authority (MISA) is not known to be an efficient regulator of forex brokers. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.
Customers appreciate the user-friendly platform, highlighting its ease of navigation and accessibility, even for beginners. Reviewers had a great experience with this company.
I have been using the OctaFX trading platform and my experience has been very smooth and reliable. My only concern is your MT5 platform hiccup during trading real account. Some traders trade only one instrument, while I pay attention to multiple if not a number.Especially stocks, coz different market sectors behave and move differently.With this broker the process…
Indices
I like that you LunarCapital company reviews don’t have to fill out a questionnaire for support, you are taken directly to help in the form of AI. The live chat is 24/7 which is great to see, but the experience I’d say is a mixed bag. 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. Unfortunately, I found that the stock CFDs are limited to the MetaTrader 5 platform only. The bulk of the broker’s financial products are from its 150 share CFDs across 16 exchanges in the US, UK, Europe, Japan, Singapore and Australia. Octa has a decent selection of 34 cryptocurrencies covering Bitcoin, Ethereum, Ripple, and Litecoin which is a healthy selection of highly liquid crypto markets.
To assist you properly and review your case in detail, we kindly ask that you contact us through our official support channels, such as social media, email, or live chat. Please be assured that Octa operates as a regulated broker and follows strict security and compliance procedures to protect our clients and their funds.Unfortunately, we are unable to verify the information you mentioned. However, at Octa, we aim to assist every trader who experiences difficulties. They didn’t solve this issue till now, I want my amount to be credit to trading amount. It appears that this specific transaction cannot be credited to your account due to technical limitations.The Customer Care team should have requested additional details to process a refund for you.
The quality of Octa’s research material is a touch above with what you’d typically find with the average broker, although still trails behind the rich content offered by the best brokers in this category. My favorite features were the interest rates tracker, daily and weekly forecast articles, and the economic calendar – which was useful for keeping track of national holidays and global trading hours. I was also pleased to see a risk score assigned to each trader, to help users differentiate between traders with historically conservative results versus those that have had more volatility and risk.
While monitoring the spreads the broker’s EUR/USD spread fluctuated between 0.80 and 0.90, which is slightly more than the minimum advertised. This plays well into your hands as you will always receive the best available price from the network, leading to cheaper trading fees and better profit potential. This makes Octa an attractive option for stock trading CFDs as you won’t need to worry about swap fees cancelling any day’s profits, so you can keep the positions open. Firstly, Octa uses ECN technology so you get excellent execution speeds with tight spreads of 0.90 pips and is commission-free, which is rare for ECN brokers.
Octa provides a secure trading environment through segregated accounts, SSL encryption, and strict verification protocols. Its spreads start at 0.6 pips, and without hidden charges, it offers an affordable way to trade various markets while maintaining strong performance and flexibility. These spreads include no additional commissions, making the spread the sole trading cost, which adjusts dynamically with market conditions. It provides a wide variety of financial instruments, educational materials, and operates without commissions, making it a strong choice for both beginners and experienced traders. Octa provides commission-free trading, allowing users to trade without extra charges, although spreads and overnight financing fees may still apply. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
I made internal transfer between account. They asked me to follow several steps, all of which were completely incorrect and a waste of time.What’s most concerning is that the transaction they couldn’t help me with was only a couple of dollars. If you need any support or have questions, our team is always here to help.Best regards,Octa Rep. Providing a stable and efficient trading environment for our clients is always our priority.We’re glad to have you with us at Octa. Our dedicated support team is available 24/7.
Which platform is best for beginners?
It supports all traders – new or experienced – by identifying patterns, tracking progress, and offering insights to help improve trading results. Each platform provides powerful tools to support profitable trading. It offers an intuitive interface, built-in market insights via “Space,” and seamless order execution – all within one streamlined platform designed to simplify trading from the start. Octa offers three top-tier platforms – MetaTrader 4, MetaTrader 5, and its proprietary OctaTrader – each designed to meet different trader needs with powerful tools and features. Spreads start from 0.6 pips on all platforms, providing a cost-effective trading environment for every account type.
- I deposited amount to my trading account but it didn’t added, I asked customer support assistance but it didn’t help there are bots saying the same answers even after a 150+ mails and more live chat bots.
- Octa offers zero-commission trading, broad global access, and a diverse range of instruments.
- Octa’s low spreads and 50% deposit bonus make it easy to attract clients.
- My favorite features were the interest rates tracker, daily and weekly forecast articles, and the economic calendar – which was useful for keeping track of national holidays and global trading hours.
The broker operates under multiple regulatory frameworks to ensure compliance with international financial standards. OctaFX is committed to providing a secure and transparent trading environment for its clients. This diverse portfolio makes it a popular choice among retail and professional traders alike.
OCTA Swaps
- Copy Trading further enhances its appeal by simplifying trading for beginners and providing passive income opportunities.
- The broker offers excellent deposit and withdrawal speeds that are fulfilled within the same business day during the week.
- We also review each broker’s regulatory status; this research helps us determine whether you should trust the broker to keep your money safe.
- Orbex is a credible and trustworthy broker with an overall average risk rating.
- While we’ve tested thoroughly, issues may still occur.If you notice any errors or issues accessing your account, please report them to our Customer Care team via email.
By analyzing individual trades and overall trading patterns, OctaVision highlights strengths, weaknesses, and habits. OctaVision is an AI-based performance analysis tool that serves as a digital trading mentor. OctaVision is an AI-driven performance analysis tool built to improve trading results.
We only list trading platforms regulated by tier 1 and tier 2 institutions including CySEC, FCA, ASIC, NFA. With its wealth of experience, transparent review process, and outstanding customer feedback, Rational FX is a trusted source for anyone seeking reliable information on forex brokers. Whether you are a novice exploring the markets or a professional looking for advanced tools, OctaFX provides the necessary resources to achieve your trading goals. Established in 2011, it has built a strong reputation for offering competitive trading conditions, robust platforms, and a user-friendly environment. OctaFX stands out as a versatile and cost-effective broker, appealing to traders of all experience levels.
Sometimes delay by review 5 to 10 mins.😁😁.But seriously there is a issue of partial closure of position….Suppose if I have taken https://lunarcapital.net/ trade of lot size 1 and if want to close .5 from… I have been trading with OctaFx for more than 5 years. No need to search for anything just need to be able to organize all instruments in ALPHABETICAL ORDER..
Does OCTA Fit Your Trading Style?
Recognized as a reliable broker as Octa operates for many years, it is fit for most traders, especially International traders since OctaFX proposal internationally is much wider and better quality too. It is definitely a great advantage that Octa offers both industry popular MetaTrader platform and its own proprietary App. On the negative side, traders should make sure to check the proposals, as Octa is an international brand and a Cyprus one offers slightly different conditions.