octafx-service-review-online-forex-cfd-broker-mt4-mt5-ctrader octafx-service-review-online-forex-cfd-broker-mt4-mt5-ctrader

OctaFX Review – MT4, MT5 and cTrader platforms

OctaFX is an online Fore and CFD broker founded in 2011.

The broker is registered as BVI IBC.

OctaFX acts in compliance with international standards keeping customers’ funds segregated from company’s assets.

OctaFX focuses on providing better execution quality:

  • Market execution in under 0.1 second
  • 97.5% of orders executed without slippage

Go to OctaFX Official Website

What you can invest in with OctaFX?

OctaFX provides traders with MT4 (MetaTrader4), MT5 (MetaTrader5) and cTrader trading platforms.

The available financial instruments are 28 Forex currency pairs, 4 Metals, 2 Energies, 10 Indices and 3 Cryptocurrencies.

cTrader trading platform is provided with ECN execution and Level 2 market depth.

The minimum spread starts from 0.0 pip.

The maximum leverage is 1:500 with NBP (Negative Balance Protection) supported.

OctaFX guarantees that your risk is limited only to the funds you have deposited into your account.

Traders can trade with no swaps and no commissions on deposits and withdrawals.

You can start investing with OctaFX from $100 (USD or EUR) of minimum deposit.

With OctaFX, traders can use automated signal trading service through OctaFX Copytrading and MQL4/5.

Open an account with OctaFX

How is OctaFX comparing to other online brokers?

In terms of trading conditions, OctaFX is better than majority of online brokers.

There is only a few brokers with all 3 popular trading platforms MT4, MT5 and cTrader.

Trading cost, leverage and order execution and other trading conditions are very competitive.

OctaFX has a complete set of educational materials for novice traders to get started. They also have manuals for each trading tool for all trading platforms.

Their own copy trading platform can also be useful for all kinds of traders.

In terms of bonus promotions, the numbers are limited but may meet all kinds of traders’ needs.

Overall, OctaFX is one fine Forex broker, and there are reasons why over 1.5 million trading accounts are opened over the years.

For more information about OctaFX, visit the Official Website today.

Go to OctaFX Official Website

Which OctaFX’s Account Type (Platform) is the Best?

OctaFX offers 3 main trading platforms which are MT4, MT5 and cTrader trading platforms.

Each trading platform of OctaFX has one trading account type, and you can choose any of them as you prefer.

All 3 trading platforms, MT4, MT5 and cTrader are some of the most popular trading platforms in the Forex market.

With OctaFX, you can use these advanced trading software to invest in the Forex and CFD markets efficiently.

To trade with OctaFX, you can choose to use only one trading platform or all 3 trading platforms to see which one is best suited for your trading style.

Below we like to show you main characteristic and advantage of each trading platform of OctaFX.

Note that in order to use OctaFX’s trading platforms, you must have a trading account (live or demo).

To open an account with OctaFX, go to the registration page below.

Open OctaFX Real or Demo Account

1. OctaFX MT4 (MetaTrader4) trading platform

MT4 trading platform is the most popular Forex trading platform in the world.

You can download OctaFX MT4 for free from the Official Website, and it is compatible with many types of devices including Windows, MAC, iPhone, iPad, Android and Tablet.

With OctaFX Metatrader 4 Android, you can enjoy a complete set of trade orders, trading history, interactive charts and the widest variety of supported devices – all that is MetaTrader 4 for Android.

Wherever you are and whatever you do, Forex will always be with you.

OctaFX Metatrader 4 for iOS, a widespread trading software is now available for your iPhone/iPad.

Login to your account and have the opportunity to trade on Metatrader 4 from anywhere in the world via your iOS device.

There is also a Metatrader 4 Web-platform provided directly through OctaFX Official Website.

MT4 web platform allows you to trade from any browser on any operating system with a well-known interface of a desktop platform.

All major tools are available including one-click trading and chart trading.

Trade on OctaFX MT4 trading platform

2. OctaFX MT5 (MetaTrader5) trading platform

MT5 is the next generation trading platform with many advanced features after MT4.

You can download OctaFX MT5 to your Windows and MAC computers, iOS and Android devices for free from OctaFX Official Website.

With OctaFX, you can download MetaTrader 5 on your Android phone or tablet and trade currencies with CFDs.

MetaTrader 5 is available for Android allowing you to trade and check your account from wherever you are.

Using your smartphone or tablet you can access the main features of the platform.

MetaTrader 5 iOS, the new MetaTrader 5 platform offers mobile online trading on the Forex market, so you can trade Forex and CFDs directly from your iPhone and iPad.

This new application allows you to connect to OctaFX servers, receive currency quotes, analyze financial markets using charts and technical indicators, trade and view the history of your trading operations.

With OctaFX, you can also trade Forex and CFDs with the MetaTrader 5 web platform without installing or downloading any software application.

You can trade on the Forex market with any browser and operating system with an internet connection.

Access your trading account with MetaTrader 5 web platform right now.

Trade on OctaFX MT5 platform

3. OctaFX cTrader trading platform

OctaFX cTrader gives you with a different trading experience.

OctaFX cTrader is also available for any popular devices, including Windows, MAC, Android, Tablet, iPhone and iPad.

With OctaFX cTrader for Android devices, you can stay connected and manage your trading account while on the move.

This portable version of cTrader can be accessed from any Android device, so you’re never more than a touch away from the world’s most liquid market.

cTrader gives you efficient FX trading as a native app too.

With OctaFX cTrader for iOS devices, you can enjoy fast execution for FX and commodities and an easy-to-use interface with full balance, margin and P&L information.

On OctaFX Official Website, cTrader Web brings transparent pricing, lightning-fast speed, and all the features of cTrader to your browser.

Now you can receive the best in FX trading, from any computer with internet access.

Trade on OctaFX’s cTrader platform

Comparison of OctaFX’s trading account types

With OctaFX, you can choose from MT4 and MT5 account types.

For the difference of trading conditions between these 2 account types, see the table below.

Account Type OctaFX MT5 OctaFX MT4
Spread Type Floating Floating
Minimum Spread 0.6 pips 0.6 pips
Trading Commission None None
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
Maximum Leverage 1:500 1:500
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%
Hedging Strategy Allowed Allowed
Scalping Strategy Allowed Allowed
Use of EAs Allowed Allowed
Swap Points None None
Cryptocurrency Trading Available Available
Sign Up Link Open OctaFX MT5 Account Open OctaFX MT4 Account
1

XMXM

4.9 rating based on 1,166 ratings
4.9/5 1166
2

DerivDeriv

4.9 rating based on 143 ratings
4.9/5 143
3

LQDFXLQDFX

3.5 rating based on 93 ratings
3.5/5 93
4

FBSFBS

3.6 rating based on 99 ratings
3.6/5 99
5

FXTMFXTM

3.9 rating based on 43 ratings
3.9/5 43
1

PrimeBitPrimeBit

3.9 rating based on 7,130 ratings
3.9/5 7130
2

BinanceBinance

4.3 rating based on 7,662 ratings
4.3/5 7662
3

bybitbybit

4.2 rating based on 3,323 ratings
4.2/5 3323
4

XBTFXXBTFX

1.9 rating based on 4,449 ratings
1.9/5 4449
5

BitMEXBitMEX

3.8 rating based on 6,911 ratings
3.8/5 6911