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Octa

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WELL-PERFORMING BROKER
8.6
(88 Reviews)

Founded: 2011 Min Deposit: 20 USD

Headquarters: Comoros Max Lev: 1 : 1000

Score
Business Scope
8.6
Trading Cost
8.6
Trading Platforms
8.6
Support
8.6
Licence Status

regulated by CySEC

CySEC 372/18
FSCA 51913
MISA T2023320
Authorised
Authorised
Authorised
Contact
support@octafx.com
https://www.octafx.com/
https://www.facebook.com/octaworldwide
Multiple Base Currencies Support
Deposit/withdrawal Problems
Multilingual Support
Fast Deposit
Fast Withdrawal
Multiple Account types
Tight Spread
Low Commission
Not for US Customers
High Leverage
Mohammad
2023-01-20
OctaFX is a reliable broker, I have been with them for a long time, and they fulfilled the obligations they gave me from the beginning. I regularly withdraw funds, open orders and complete transactions immediately. I think these are indicators of a good and reliable broker.
Oscar Adams
2022-11-24
Low spreads, fast execution, useful personal area and withdrawal funds. octafx is great!
Christoph Pratschke
2022-12-22
I have extensive experience in OctaFX trading. It is an honest and trustworthy broker who always serves customers. The service provided is excellent, the execution speed is also very fast, and there is no need to re-quote
EllenRodger
2022-10-20
octafx is a very good broker, but the spread is very high. Please consider carefully
Broker News Updates Account & Cost Deposit & Withdrawal Company & Service Related Complaints Reviews

Broker News

OctaFX Rebrands to Octa 2023-09-26
The rebranding is part of a bigger transformation process, OctaFX says.
5 Best Nigerian Forex Brokers for Leverage 2023-04-25
Looking for Nigerian forex brokers that offer high leverage for your trading needs? Check out our guide to the 5 best forex brokers in Nigeria that provide leverage to traders.
Deposit Rate Comparison Between Forex Brokers in Nigeria 2022-05-09
Here is a list of the top 7 popular forex brokers that offer relatively good deposit exchange rates and trading platforms to Nigerian traders.

Updates

Octa offers reduced spreads during the U.S. election

The broker will lower spreads on most assets for a whole month between 31 October and 15 November to provide traders with extra opportunities during high market activity before and after the elections.

2024-10-25

Deposit and Withdrawal

8.6

Very Good

support crypto wallets

Features

Deposit/withdrawal Problems
Fast Deposit

See more
See more

Company and Service

8.6

Very Good

high spreads & good customer support

Features

Quick Response
Good Customer Service
Fast Registration
Profile
Headquarters Address
Bonovo Road – Fomboni, Island of Moheli, Comoros Union
Founded 2011
Broker Type
STP
Time Zone GMT+3
Credit Profile No information
Trading Platforms
MT4
OctaTrader,  MT4
MT5
OctaTrader,  MT5
Contact
No Data
Others
Website Language
Bengali,  Chinese(Simplified),  Chinese(Traditional),  English,  German,  Hindi,  Indonesian,  Malay,  Portuguese,  Spanish,  Thai,  Turkish,  Vietnamese
Customer Service By
Email,  Live Chat
Supported Language
Bengali,  Chinese(Simplified),  Chinese(Traditional),  English,  German,  Hindi,  Indonesian,  Malay,  Portuguese,  Spanish,  Thai,  Turkish

Related Complaints

Q&A Complaints

Can I, as an experienced trader, become trading provider in the copy trading service of this broker?

Vega Saputra
Indonesia
2024-08-21
ANSWER Dear Investor,Thank you for reaching out. You may apply to become a Master Trader on OctaFX by creating a Master Account. For more information, please visit the "Master Account" page on their official website and contact OctaFX customer service.
See more

What's the lowest deposit here?

Felix
Spain
2022-10-14
ANSWER OctaFX is owned and operated by Octa Markets Cyprus Ltd, a company authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 372/18.As for the question you asked, we recommend that you ask the official customer services directly for a more accurate answer. For more details on this broker, please check our full OctaFX review.
See more

Overall Score

8.6
88 Reviews

Cost 8.6

Platforms 8.6

Deposit & Withdrawal 8.6

Customer Support 8.6

Indicates the average level of Brokers

Keywords for selection
High Spreads Bad/Unprofessional Customer Support Good/Professional Customer Support Reliable & Reputable

86 Reviews Clear filter

Sort by
Intan Wahyuni
0-6 months Indonesia
Octa have pretty good conditions. especelly I note support team, fast answers and can solve problems, actually.
2024-11-18
Reply
Jenab bin Hayati
Over 3 years Malaysia
While Octa Forex is a trader-friendly and generous platform with all the apps and tools they have (like a calculator and lush education materials), I find a beginning of trade with 50 EUR a bit costly, it bites your wallet, right? Again, other than that I feel here like a fish in the sea.
2024-11-14
Reply
Nirmala Sinurat
Dear Jenab bin Hayati, Thank you for your thoughtful review! We're glad you enjoy Octa's trader-friendly features, including our tools, apps, and educational resources. We also appreciate your feedback on the 50 EUR starting amount — we understand it might feel like a bigger investment, and we value your perspective. Feel free to reach out if you have any further questions or suggestions. We're here to support you and are excited to have you in the Octa community. Kind regards, Octa Rep.
2024-11-18
Reply
Lee Yong Zu
7-12 months Singapore
Almost a year for me. Earned $800 rn, good? ... but $200 of them were from bonuses, to be fair...
2024-11-06
1
Reply
Angkiat Kang
7-12 months Indonesia
I went through some octa reviews and my experience with Octa has also been great! Their educational materials really helped me understand trading better. I’ve been trading for about 10 months, and I appreciate the analytical tools available. The support is responsive, and I’ve had no issues with my account.
2024-11-02
Reply
Kuning Murni
7-12 months Malaysia
I like trading the S&P 500 index and I think the price will reach an all time high near the new year, probably 6500 points. Nevertheless, I think the swap commissions are kind of expensive for me. :)
2024-10-27
Reply
Seah Ruo Jiang
1-3 years Malaysia
Been using this broker for over 1 year now and I haven’t had delays with my money withdrawals so it’s a YESS…
2024-10-25
Reply
Chander Cheema
0-6 months India
so far, Octa FX has been good I got a standard account, and all was fine with deposits and withdrawals, quick though at certain times slower support is always responsive and helpful Judging by the Octa reviews, everything I’ve seen seems fair
2024-10-18
Reply
Arnoud Rehatta
Over 3 years Indonesia
Been trading with them for liek 4 years, go to say that it an excellent platform...
2024-10-13
Reply
Ramzi A.
0-6 months Malaysia
Feels like tyhere are not much really weak sides, everything seems to be in order with conveinent conditions for trading. Just open an account and start trading, its as easy here.
2024-10-10
Reply
Zaad Thaman
1-3 years India
Octa forex broker has both advantages and disadvantages in my personal opinion. I want to say that for some traders, some services of this company may be a disadvantage, and for others its advantage. For example, I recently wrote a question to customer support. And I liked that detailed answer. Although I can't say that I got it quickly. so, for some traders it's essential and for others it's not
2024-10-05
Reply

1-10 of 86 comments

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.