This OctaFX review covers the global brand operating under the trading name Octa. OctaFX serves millions of clients worldwide through its offshore entity, Octa Markets Ltd, and is known for commission-free trading, competitive spreads, and access to both MetaTrader and proprietary platforms. The broker targets retail traders with a simplified account structure and a strong emphasis on mobile-first technology.

Regulation and Safety

OctaFX operates under Octa Markets Ltd, which is registered in Saint Vincent and the Grenadines (SVG), registration number 19776. This is an offshore jurisdiction and does not offer the same regulatory protections as top-tier regulators.

• Not regulated by FCA, ASIC, or CySEC
• No investor compensation or protection schemes
• Client funds are reportedly held in segregated accounts
• Mandatory KYC checks and 2FA for account access

Execution Model and Trading Platforms

OctaFX uses a market execution model with no dealing desk (NDD). Trades are executed at live market prices sourced from liquidity providers.

Supported platforms:

• MetaTrader 4 (MT4): For forex and CFD trading with EAs
• MetaTrader 5 (MT5): Expanded asset access and depth of market
• OctaTrader: Proprietary web and mobile platform with advanced UI

Copy trading is available via Octa’s standalone app. VPS hosting is free for active traders. FIX API is not provided.

Markets and Instruments

OctaFX offers CFD trading across a wide range of markets:

• Forex – 35+ pairs including majors and minors
• Commodities – Gold, silver, oil
• Indices – NASDAQ, S&P 500, DAX, Nikkei
• Cryptocurrencies – BTC, ETH, LTC, ADA, XRP
• Stocks – CFD trading on leading US equities

The total instrument count is around 150, depending on platform selection.

Accounts, Spreads and Leverage

OctaFX offers a simplified account model:

• Standard Account: Spreads from 0.6 pips, no commissions

Key trading conditions:

• Leverage: Up to 1:500 for forex, 1:50 for indices, 1:25 for crypto
• Minimum deposit: $25
• Islamic swap-free accounts available
• Stop-out level: 15%

Funding and Base Currencies

OctaFX supports a wide variety of funding methods:

• Visa/Mastercard
• Skrill, Neteller, Perfect Money
• Cryptocurrency – BTC, USDT, ETH
• Local bank transfers in select countries

Accepted base currencies include USD, EUR, IDR, INR, NGN. Most deposits are instant; withdrawals are typically processed within 1–3 hours without internal fees.

Client Protections and Features

Although not regulated under a major jurisdiction, OctaFX offers several client safety features:

• Negative balance protection
• Segregated funds handling (claimed)
• Two-factor authentication and biometric login
• Educational resources and trading guides
• Octa Copy Trading platform with rating system

Institutional and Retail Offering

OctaFX focuses exclusively on retail clients. There are no white-label, FIX API, or institutional liquidity services offered. Retail users benefit from cashbacks, contests, and active promotions tied to trading volume and deposits.

Pros

• Commission-free trading with tight spreads
• Supports MT4, MT5, and proprietary OctaTrader
• Fast deposits and withdrawals with no fees
• Copy trading with performance-based filtering
• Multi-currency and crypto funding options

Cons

• Unregulated offshore registration
• No investor protection scheme or compensation
• Limited transparency on execution and liquidity
• No institutional or API offering

Frequently Asked Questions

Is OctaFX regulated?

No, OctaFX operates under Octa Markets Ltd, registered in Saint Vincent and the Grenadines. It is not regulated by any tier-1 authority.

What trading platforms does OctaFX support?

OctaFX offers MetaTrader 4, MetaTrader 5, and its own OctaTrader web and mobile platform.

What is the minimum deposit at OctaFX?

The minimum deposit is $25 for all accounts.

Does OctaFX offer copy trading?

Yes, OctaFX provides a dedicated Copy Trading app allowing users to follow experienced traders.

How fast are OctaFX withdrawals?

Withdrawals are processed within 1–3 hours, and there are no internal processing fees.