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OctaFX

Item: OctaFX
Rating: 1.31

China|2-5 years|

Suspicious Scope of Business|High potential risk|

https://octamarkets.net/landing/earn-more/

Website

Time Machine

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Contact

support@octafx.com

https://octamarkets.net/landing/earn-more/

https://www.facebook.com/octafx

https://twitter.com/octafx

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

40G

Open Now

Disclosure

Danger

MY SCM

2020-01-01

INVESTOR ALERT LIST

OctaFX

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Warning: Low score, please stay away!

Previous Detection : 2024-11-22

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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OctaFX · WikiFX Survey

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OctaFX · Company Summary

OctaFX Review Summary
Founded	2013
Regulation	No regulation
Market Instruments	Forex pairs, Metals, Energies, Indices, Cryptocurrencies, Stocks and Intraday assets
Demo Account	✔
Leverage	Up to 1:1000
Spread	From 0.6 pips
Trading Platform	OctaTrader, MT4 and MT5
Min Deposit	$25
Customer Support	Website: https://octamarkets.net/landing/earn-more/
	Email: support@octafx.com
	Physical Address: 60 Philpot street El 2DWLondon

OctaFX Information

OctaFX, founded in 2013, is an established brokeraged registed in China. It offers three different account types, including demo account and Islamic account. But it is currently unregulated and lacks security.

Pros and Cons

Pros	Cons
Diversified trading products	No regulation
Support MT4 & MT5	The deposit threshold is up to $5,000
Offer Islamic account
Offer demo account

Is OctaFX Legit?

The current information shows that OctaFX has no valid regulation

What Can I Trade on OctaFX?

OctaFX offers traders the opportunity to trade Forex pairs, Metals, Energies, Indices, Cryptocurrencies, Stocks and Intraday assets.

Tradable Instruments	Supported
Forex pairs	✔
Metals	✔
Energies	✔
Indices	✔
Cryptocurrencies	✔
Stocks	✔
Intraday assets	✔
CFDS	❌

Account Types

OctaFX offers a total of 3 different types of accounts to traders - OctaTrader , Meta Trader 4 and Meta Trader 5.

OctaFX Fees

OctaFX offers low spreads from 0.6 pips, don't charge commissions for deposits, and cover the fees applied by payment systems for both deposits and withdrawals.

Leverage

OctaFX's maximum leverage levels is from 1:1000, and it is applied depending on the amount of trading account's personal funds:

Trading Platform

OctaFX's trading platform is MT4, MT5 and their own platform called “OctaTrader”, which supports traders on the web and mobile.

Trading Platform	Supported	Available Devices	Suitable for
MT4 Margin WebTrader	✔	Web, Mobile	Beginner
MT5	✔	Web, Mobile	Experienced
OctaTrader	✔	Web, Mobile	All

Deposit and Withdrawal

The broker supports four payment methods: VISA, bitcoin, skrill and so on. The minimum amount are as follows and the fees are free.

Deposits

Payment method	Minimum amount	Execution time
Neteller	50 USD	Instant
Skrill	50 USD	Instant
Litecoin	0.3 LTC	3-30 minutes
Dogecoin	230 DOGE
Tether	50 USDTE
Ethereum	0.2 ETH
Bitcoin	0.00037 BTC
Mastercard	50 EUR	Instant
Visa	25 USD	1-5 minutes

Withdrawals

Payment method	Minimum amount	Execution time
Neteller	5.00 USD	1-3 hours to approve the withdrawal and up to 5 minutes to transfer the funds.
Skrill	5.00 USD
Litecoin	0.11 LTC	1-3 hours to approve the withdrawal and up to 30 minutes to transfer the funds.
Dogecoin	75 DOGE
Tether	10 USDTE
Ethereum	0.005ETH
Bitcoin	0.00009 BTC
Visa	20 USD	1-3 hours to approve the withdrawal and up to 1 hour to transfer the funds.