Octa review 2025:
All you need to know
In this review, the FXStreet team presents an independent and comprehensive analysis of Octa, grounded in direct testing and real user experiences. As a leading financial media outlet, our editorial content is driven by rigorous research and data-driven insights, all free from external influence. This assessment delivers a transparent evaluation of Octa’s trading conditions, tools, support, regulatory standing, and overall suitability for traders.
Octa is an international broker ideal for traders looking to operate under competitive conditions. It offers high leverage, a diverse range of instruments, and user-friendly trading platforms. In addition, Octa provides extra services to its clients, including educational content, relevant information, bonuses, and customer support, which are readily available to resolve any issues. One key factor distinguishing Octa is that it does not charge swaps.
Note: When reviewing Octa, it is important to emphasize that they operate several entities across different regions, each with varying levels of regulatory oversight, services, and customer experiences. Therefore, for fairness and accuracy, we have based our scoring on the best-performing region for each factor under review.
Account Conditions
7.8
Tools and Resources
8.5
Customer Service and Support
7.6
Trading Settings
7.9
Trust
6.8
User Experience
8.3
How do we score brokers
Octa (OctaFX) is an international forex broker that offers a variety of trading services across multiple asset classes, including forex, commodities, cryptocurrencies, stocks, and indices. The broker is recognized for its competitive trading conditions. Octa is geared towards beginner and intermediate traders, providing user-friendly platforms such as MetaTrader 4, MetaTrader 5, and its proprietary OctaTrader. It also facilitates copy trading services and offers extensive educational materials. Additionally, the broker provides promotions and bonus programs, along with 24/7 customer support, aiming to enhance the overall user experience and sustain its global presence.
Octa began operating with MetaTrader 4 in 2011. In 2012, it started organizing courses, and in 2013, it introduced its first bonuses. As part of its expansion, Octa launched a program for Introducing Brokers in 2014 and introduced the cTrader platform (currently unavailable). Since 2016, the MetaTrader 5 platform has been available, coinciding with the launch of educational content. In 2017, Autochartist was introduced, along with cryptocurrency trading and the first proprietary apps with market information, which would later evolve into the Octa app in the following year. In 2018, the copy trading service was launched. In 2019, Octa announced that its MT4 and MT5 accounts would not incur swaps or any type of commission.
Over time, Octa has incorporated more trading instruments. In 2022, trading over the weekend was allowed due to the rise of cryptocurrencies. After more than 10 years in the market, the company claims to have opened over 40 million accounts, received more than 70 awards, and paid out over 33 million USD in bonuses.
Octa provides services to clients worldwide and operates under regulatory oversight from authorities, including the Cyprus Securities and Exchange Commission (CySEC), the Mwali International Services Authority (MISA) of Comoros Union, the Financial Services Commission of Mauritius and the Financial Sector Conduct Authority (FSCA) of South Africa.
| 🗺️ Regulated geos/regions |
Cyprus (via CySEC), Comoros Union (via MISA), South Africa (via FSCA) |
|
| ✅ Deposit/Withdrawal Currencies/Crypto |
Octa offers trading accounts denominated exclusively in US Dollars (USD). Deposits made through Visa, Mastercard, Skrill, Neteller, or Perfect Money that use a currency other than the US Dollar will be converted to USD by the payment provider at their internal exchange rate and may charge additional fees. Cryptocurrencies: Dogecoin, Litecoin, Tether, Bitcoin, and Ethereum. |
|
| 💰 Minimum deposit |
$25 USD - $50 USD for cryptocurrencies |
|
| 💱 Bonuses/promotions |
50% deposit bonus: This bonus adds 10% to 50% of each deposit amount to your account as credit. To withdraw the bonus, you must trade an amount equal to half of the bonus in standard lots. Octa Status Program: This program allows traders to unlock various benefits based on their trading account balance. It consists of four levels: Bronze, Silver, Gold, and Platinum. Benefits include lower spreads, faster transfer and withdrawal times, access to personal account experts, and various rewards based on their trading activity. Invite-a-Friend: Earn commission based on the trading volume generated by referrals. |
|
| 💸 Costs (spreads, fees, commissions) |
Account spreads from: EUR/USD 0.6 pips, GBP/USD 0.9 pips, USD/JPY 1.0 pips, XAU/USD (Gold) 1.8 points, BTC/USD (Bitcoin), 2.8 points. No commissions. No fees. No swaps. No charge for deposits or withdrawals. |
|
| 💱 Tradable asset classes |
MT4 account: 35 Forex, gold and silver, 3 energies, 6 indices and 34 cryptos. MT5 account: 52 Forex, gold and silver, 3 energies, 10 Indices, 34 cryptos, 150 Stocks and 26 Intraday assets. Octa Trader account: 35 currency pairs, gold and silver, 3 energies, 10 indices and 30 cryptocurrencies. |
|
| 💹 Leverage |
International Account: Forex up to 1000:1, Indices up to 400:1, Commodities up to 400:1, Energies up to 400:1, Cryptocurrencies up to 200:1. European Accounts (CySEC): Major Currency Pairs (e.g., EUR/USD) up to 30:1, Minor Currency Pairs up to 20:1, Gold up to 10:1, Commodities and Indices vary, Stocks up to 5:1, Cryptocurrencies up to 2:1. |
|
| 🏗️ Trading platforms allowed |
OctaTrader MetaTrader 4 MetaTrader 5 |
|
| ⛔ Restricted regions |
United States, Canada, Spain, Belgium, India, Iran, Myanmar, North Korea, Pakistan, the Philippines and the United Kingdom. |
|
| 🗣️ Customer service languages available |
English, Hindi, Malay, Indonesian, Spanish, Portuguese, Chinese. |
Octa Account Conditions Score
Account Conditions
7.8
Regulated regions
Octa operates under various regulatory authorities in different regions.
Tier 1 regulators
Cyprus: Octa Markets Cyprus Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC), providing services within the European Union, registration number 359992, address at Agias Zonis and Thessalonikis Corner, Nicolaou Pentadromos Center, Block: B', Office: 201, 3026, Limassol, Cyprus.
Tier 2 regulators
South Africa: Orinoco Capital (Pty) Ltd. holds a Financial Service Provider (FSP) license number 51913 from the Financial Sector Conduct Authority (FSCA) in South Africa. Orinoco acts as an intermediary between clients and Octa Markets Incorporated.
Tier 3 regulators
Comoros Union: Octa Markets LTD is regulated by the Mwali International Services Authority (MISA), Autonomous Island of Mwali (Mohéli), Comoros Union, registration number: HY00623410, international brokerage and clearing house license number: T2023320, registered address: Bonovo Road – Fomboni, Island of Moheli, Comoros Union, and a business address: Foti Kolakidi 16, 1st Floor, Agia Zoni, 3031, Limassol, Cyprus.
Mauritius: Uni Fin Invest is regulated by the Financial Services Commission (FSC), Mauritius, with сompany registration number: C186509, registration address at Rue De La Democratie, office 306, 3rd floor, Ebene Junction, Ebene 72201, Mauritius and a business address at 90 St Jean Road, Office Number 104, Palm Court Offices, 1st Floor, Quatre Bornes, Mauritius.
Saint Lucia: Octa Markets Incorporated is registered and governed by the law of Saint Lucia under business reg. number 2023-00092, registered address at 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia and a business address at Parcel 132/1, Block 2938B, Road Town, VG1110 Wickham's Cay II, Tortola, British Virgin Islands.
Octa does not provide services to citizens of the United States (US) and residents of Canada, Spain, Belgium, India, Iran, Myanmar, North Korea, Pakistan, the Philippines, the United Kingdom, and the US.
Currencies accepted for deposits/withdrawals
Octa offers trading accounts denominated exclusively in US Dollars (USD). While you can deposit funds in various currencies, these will be converted to USD at the exchange rate set by the payment system you use.
Deposits and withdrawals can be made using the following cryptocurrencies: Dogecoin, Litecoin, Tether, Bitcoin, and Ethereum.
Account types
Octa offers three types of accounts: OctaTrader, MetaTrader 4, and MetaTrader 5. These accounts differ in the types of instruments that can be traded and the trading platforms used. All three accounts can be managed through the Octa app.
All accounts are swap-free, meaning they comply with Islamic law. Scalping, hedging, and the use of expert advisors (EAs) for algorithmic trading are permitted. However, certain practices are restricted. For instance, arbitrage trading is prohibited under their Customer Agreement.
Copy trading is also available, allowing clients to automatically replicate the trades of other selected traders. Furthermore, through MetaTrader, clients have the opportunity to become "Master Traders," enabling their trades to be copied by others, for which they receive an income.
During the account opening process, clients must choose a type of account. However, once the process is completed, they can easily add additional accounts with just one click.
Minimum deposit
The minimum deposit is $25, while for several cryptocurrencies, the amount is approximately $50. During the review, we faced a minimum deposit of 50 USDT (Tether).
Costs and fees
Octa does not charge fees for deposits or withdrawals, nor does it impose commissions on trades. One of the standout features of Octa is that it does not charge swap fees. Positions held overnight are not subject to fees, whether positive or negative, which is a distinctive aspect of Octa. Additionally, there are no inactivity fees.
Octa offers competitive floating spreads across various trading instruments, with no additional commissions on their account types. Here's a snapshot of typical spreads for some popular instruments:
- EUR/USD from 0.6 pips
- GBP/USD from 0.9 pips
- USD/JPY from 1.0 pips
- XAU/USD (Gold) from 1.8 points
- BTC/USD (Bitcoin) from 2.8 points
Octa’s variable spreads align with industry standards. During our review, the average spread for EUR/USD was 0.9 pips. The floating spreads for currency pairs involving the yen ranged from 1.9 to 2.6 pips, while major pairs (excluding EUR/USD) average around 1.5 pips. Spreads across different account types are similar, with OctaTrader accounts offering slightly lower spreads for Forex.
Octa provides live quotes and detailed spread information on its website.
Bonus and promotions
Octa offers a bonus program called "50% Bonus”, allowing users to select the percentage they wish to add to their account, ranging from 10% to 50% of each deposit. This amount appears on the account as a credit and becomes available on the balance once a specified volume of lots has been traded.
To withdraw the bonus, the client must trade a number of lots equal to half of the bonus amount. For example, if the bonus totals USD 400, the client must trade 200 lots to be able to withdraw it. The threshold to access the bonus is high and requires a substantial trading volume. The Octa dashboard clearly displays the progress of these lots and the application of the bonus in a detailed manner. Accessing the bonus is a straightforward process and can also be configured automatically.
One question that arises during the review is what happens with the bonus (credit) if the account balance falls below zero. In such cases, if the account balance turned negative, the credit from the bonus would be automatically cancelled, preventing the account from going negative.
During certain events, Octa offers a bonus where you can claim up to a 100% deposit bonus.
Another program offered by Octa is a tiered loyalty program (without fees), where traders advance through categories based on their account balance, gaining access to benefits and rewards. The Octa Status Program allows traders to unlock various benefits based on their trading account balance. It consists of four levels (Bronze, Silver, Gold, and Platinum). Benefits include lower spreads, faster transfer and withdrawal times, access to personal account experts, and various rewards based on their trading activity. For every standard lot traded, you earn prize lots, which can be redeemed for items like T-shirts, gadgets, or even a MacBook. Higher account statuses (Silver, Gold, Platinum) help you earn prize lots faster. To keep your prize lots active, you must trade at least once every 30 days. Gifts are limited and available on a first-come, first-served basis.
Periodically, Octa offers the OctaFX Champion Demo Contest, a monthly, risk-free trading competition using virtual funds. Participants compete for real cash prizes ranging from $40 to $500, with winners determined by the highest account balance after four weeks.
Depositing ease
Octa affirms that deposits can be made via bank wire, credit card, digital wallet, and cryptocurrency. The available methods vary depending on the client's residence and may include local bank transfers. Octa does not charge deposit fees, and processing times range from instant to a few days.
In our review, we only had the option to use Neteller, Skrill, and cryptocurrencies. Even after verifying our identity, those were the only methods available to us. We consulted customer service, and they confirmed that these were the available methods for our accounts.
We made the deposit through Tether via the TRC20 network, which has the lowest fees. In this case, the network charges 1 USDT, and Octa does not impose any additional fees. While there is no minimum deposit from the virtual wallet, Octa advises that the minimum deposit using this method is 50 USDT. The network charged a fee of 1 USDT, and the remaining amount was credited to our account in USD within minutes. For those familiar with cryptocurrency wallets, this process is very simple and quick.
Internal transfers between different accounts can be done from the dashboard and are nearly instantaneous. There is also the option to transfer funds to a wallet outside of these accounts but within Octa.
Withdrawing ease
Withdrawals must be made using the same methods as deposits, meaning all available deposit methods can also be used for withdrawals. Octa does not charge fees for withdrawals. To enable multiple withdrawal methods, a new deposit using a different method is required. The processing time can vary from 30 minutes to three business days, depending on the method and conditions. Withdrawals can be initiated from the website dashboard or through the mobile app.
In our review, the entire withdrawal process took less than 35 minutes. We accessed the withdrawal section in the dashboard, where we entered the amount and selected the method, in this case, Tether (TRC20). The options mirrored those available for deposits, although, as expected, the only method available for withdrawals was the one we used for depositing funds. Upon consulting customer service about using Bitcoin for a withdrawal, we were informed that "Cryptocurrencies" is not categorized as a method to withdraw via Bitcoin, a deposit using Bitcoin would be necessary first.
We requested the withdrawal through USDT. After selecting this option, we entered the amount, wallet address, and a security PIN (sent via email during the account setup with Octa). The request was completed in under a minute and did not require sending an email or notifying customer service.
A few minutes after submitting the withdrawal, we received a confirmation email. At that point, we could see our withdrawal status as "pending" in the dashboard. Less than 30 minutes later, the withdrawal was successfully completed, with the amount credited to our cryptocurrency wallet. The amount experienced a slight deduction due to conversion fees, but no additional charges were applied.
Octa Trading Experience Score
Trading Experience
7.9
Tradeable asset classes
Octa offers more than 300 trading instruments across its accounts, including 52 Forex pairs and 277 CFDs, encompassing indices, commodities, and cryptocurrencies. Additionally, approximately 30 cryptocurrency assets are available (also during weekends).
Lot sizes
Using Octa allows clients to trade in micro and mini lots on its platforms, which is particularly beneficial for new traders or those seeking a more cautious approach in their risk-management strategy.
Leverage
Octa offers varying leverage ratios across different regulatory regions. Depending on the applicable regulatory framework, leverage can be as high as 1:1,000 for international accounts, while European traders are limited to a maximum of 1:30 for major currency pairs.
When opening an account, you can choose the type of leverage you prefer, with options ranging from 1:1,000 to 1:1. The selected amount represents the maximum leverage available, as the actual leverage may vary depending on the trading instrument.
The maximum leverage possible in Forex is up to 1,000:1, Energy, Metals, and Indices 400:1, and Cryptocurrencies 200:1. Not all currency pairs and cryptocurrencies are permitted to use the maximum leverage – for certain exotic currency pairs and specific cryptocurrencies, the maximum leverage is significantly lower.
In the European Union, the allowed leverage is 30:1 for currencies, 20:1 for Gold and Silver, 10:1 for Natural Gas, Brent Oil, and WTI, and 20:1 for indices.
Execution quality
In our review, the execution quality was positive across all accounts. Entry and exit orders were executed as intended, with only minor slippage observed. Limit orders were adjusted almost exactly to the specified price without jumps, though a small percentage of stop orders did experience some variation.
Octa provides daily and weekly reports of trading activity. Additionally, the app allows users to view the history of each operation, including changes made to orders, with great clarity.
You can enjoy all the positive features of MT4 and MT5. During our testing, we confirmed that no swap fees are charged for maintaining open positions not only overnight but also during the weekend for several days.
Automated trading and scalping are permitted.
Octa offers negative balance protection, which means that if a market slippage results in a negative balance, Octa will adjust the balance to zero. This feature ensures that traders cannot lose more than their initial investment.
One negative aspect we encountered while trading with MT4 was that it does not allow for regular partial closes. For example, when we attempted to close 0.3 lots from a position of 0.5 lots, the entire 0.5 lots were closed, and a new position of 0.2 lots was opened instead. However, when we performed the same operation for the same MT4 account from the Octa app, we found that this partial closing was allowed.
Octa Tools and Resources
Tools and Resources
8.5
Trading platform
Available trading platforms include MetaTrader 4 (Web, App, and Desktop), MetaTrader 5 (Web, App, and Desktop), and the proprietary web-based OctaTrader, along with the Octa Copytrading app. The Octa mobile app allows users to manage all their accounts. Octa currently cannot be connected with TradingView.
The Octa platform provides a web-based and mobile alternative, but there is no desktop version, which can be inconvenient for traders who prefer a dedicated program over a web browser. The web-based platform offers quality charts, allows for the placement of technical indicators and lines, and supports alerts that arrive as notifications from the broker. Timeframes range from 1 minute to 1 day, covering the basics. However, it lacks weekly and monthly time frames and does not offer an intuitive zoom tool.
Additionally, the Octa platform features a one-click trading button that cannot be removed, which poses a risk since clicking it executes trades without confirmation. Capital amounts, margin, and other details are clearly visible. Alerts and each executed order are notified through browser notifications.
The Octa mobile app can be downloaded and quickly recognizes and retrieves data after entering the username, requiring no further action. From the Octa app, users can open positions in the Octa account as well as in MT4 and MT5, which can also be done using those specific applications. This means the app provides complete control over all open accounts and displays the full trading history. It features attractive charts for all three account types, allowing trading and modifications. From a trading perspective, the app is comprehensive, including an economic calendar and a section called "Space," which features posts about different market assets filtered according to the trader's interests.
The app is more feature-rich than the web version of Octa Trader. The economic calendar, pip calculator, and other tools are integrated within the app, while the web version contains links directing users to external pages. The "Space" section allows users to see posts on various topics directly on the web, but the configuration for the topics is set in the mobile app.
MT4 and MT5 are well-known platforms that can be used with all available functions. The client portal or dashboard is extensive, showing trading history, and positions, including all modifications made, such as stop and limit adjustments. You can view the status of bonuses, invite friends, manage accounts, engage in copy trading, and perform deposits and transfers.
Trading tools
Octa provides a variety of educational resources aimed at enhancing trading skills. These resources are crucial for developing a solid foundation in trading principles and practices.
How-to Videos: These instructional videos cover various trading strategies, platform usage, and market analysis techniques, catering to both beginners and advanced traders.
Webinars: Regularly scheduled webinars feature expert traders discussing market trends and trading strategies while answering participant questions in real-time. This interactive format allows for immediate feedback and community engagement.
Tutorials: Comprehensive tutorials guide users through specific trading tools and techniques, ensuring they can effectively utilize the platform's features.
In addition to educational resources, Octa provides various tools to assist traders, including a pip calculator, profit calculator, live quotes, trading monitors, economic calendar, news, and a market analysis section. A standout feature is "Space," which offers direct access via the app or the web-based Octa platform to analyses containing trading ideas, technical analysis, and the potential impact of economic events on various assets.
The dashboard includes a “Monitoring” area where users can view and share their performance, charts, profits, orders, and history with others. Both the user and any interested party can access this section to see the performance of accounts that have opted for public visibility.
Octa also offers social trading through its Copy Trade Service. However, it does not provide Percentage Allocation Management Module (PAMM) accounts or Multi-Account Manager (MAM) services.
Octa Trust
Trust
6.8
Regulation tiers
Octa operates under various regulatory frameworks depending on the entity through which an account is opened. Residents of the European Union receive the highest level of regulatory protection, as Octa Markets Cyprus LTD is regulated by the Cyprus Securities and Exchange Commission (CySEC). However, this stricter regulation limits clients' access to higher leverage levels.
Octa Markets Ltd serves its clients in the Americas and other parts of the world and is regulated by the Mwali International Services Authority (MISA) in the Comoros. This regulation does not provide significant protection for consumers. On the positive side, it allows Octa greater flexibility in leverage and instruments while still serving clients from around the globe.
Octa offers services through Orinco Capital (Pty) Ltd, primarily for clients located in Africa. This entity is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, which is a more stringent regulatory body, though not top-tier.
Octa also provides services through Uni Fin Invest, which is based in Mauritius and operates under the regulations of the local financial authority.
Octa also operates under other entities that are regulated by lower-reputation organizations. This situation requires clients to place more trust in Octa itself than in its regulators, as these regulations are more focused on preventing terrorism and money laundering than on execution-related issues.
Octa affirms that, in accordance with international regulatory standards, it uses separate accounts to keep traders' funds segregated from the company's balance sheets.
Awards and Recognition
Octa showcases the following awards won in 2024*:
- Best Islamic-friendly Broker in Indonesia 2024 - Finance Derivative
- Best Funds Security Indonesia 2024 - Brands and Business Magazine
- Most Reliable Broker Global 2024 - Global Forex Awards Retail 2024
- Best Trading Platform Malaysia 2024 - Brands and Business Magazine
- Best Trading Experience Broker 2024 - FXDailyInfo.com
- Best Forex Customer Service 2024 - FXDailyInfo.com
- Best Trading Conditions in Africa 2024 - Finance Magnates
- Best Forex Broker for Beginners 2024 - FX Empire
- Best Hedging Broker 2024 - FX Empire
- Best App for Copy Trading 2024 - FX Empire
- Best Crypto Broker 2024 - FX Empire
- Best Demo Contest 2024 - FX Empire
- Best Forex Broker Indonesia 2024 - FX Empire
- Best No Swap Fees Broker 2024 - FX Empire
- Best MT4 Broker 2024 - FX Empire
- Best STP Broker 2024 - FX Empire
- Best Trading App India 2024 - FX Empire
- Best Trading Experience South Africa 2024 - International Business Magazine
- Most Trusted Broker South Africa 2024 - International Business Magazine
- Best CFD Broker South Africa 2024 - International Business Magazine
- Best Mobile Trading Platform 2024 - Global Brands Magazine
- Best Professional Trading Platform 2024 - World Business Stars Magazine
Octa Customer Service and Support
Customer Service and Support
7.6
Schedule/Time to reply
Octa has a live chat available 24/7 on their website. The chatbot appears first, followed by a human representative. They take questions quickly, but it may take some time to receive a response. Clients can also contact customer service via email and phone.
Additionally, there is an extensive Frequently Asked Questions (FAQ) section. When opening an account, no specific account manager is assigned. However, any doubts or questions can be addressed through the chat on the website, with a prompt response expected.
Languages available
Octa’s website can be accessed in multiple languages: English, Indonesian, Chinese, Malay, Portuguese, Spanish, Thai, Bengali, German, and Hindi. The customer support is offered in English, Indonesian, Malay, Thai, Hindi, and Urdu.
User reviews
User Experience
8.3
FPA page to see more user experiences with this broker.
gil380 – Indonesia
Good connection, fast withdrawal, good spread
4/5
teamcity – Malaysia
Excellent with this broker withdrawal very fast
5/5
Mehrab Saifur Rohman – India
Good
5/5
Klndstk – Indonesia
Withdrawal issue
3/5
Octa final thoughts
Octa offers the basics and more to retail traders. Opening an account is fast and straightforward. Deposits and withdrawals are also quick. However, the range of available methods for the region where the review was conducted from is not very broad, as transfers and credit cards (debit) are not available. Still, the experience with cryptocurrencies was quick, successful, and efficient.
In terms of tools, traders can choose the most convenient platform among Octa Trader, MT4, and MT5. With the mobile Octa app, you can manage all accounts without downloading MT4 and MT5 on your phone. However, not all platforms have the same instruments available for trading.
When opening an account, you have the option to select your leverage level. Here, Octa offers great flexibility, allowing you to choose leverage as high as 1000:1 for those who desire an extreme level of leverage (not available to all instruments). At the same time, it can be limited to lower levels, which can be useful for new traders or those who wish to limit the size of their trades, thus contributing to reduced risks.
The dashboard, or client portal, provides relevant information and tools regarding the account. Numerous sections focus on customer services related to accounts and administration rather than market-related issues. From the dashboard, you can make withdrawals and internal transfers, view promotions, invite friends, check account records, manage accounts, participate in contests, view user statuses, and engage in copy trading. A status program is offered where clients, based on their deposited funds, can access different levels that provide enhanced services.
The 50% bonus is more applicable to experienced traders or those confident in a long-term relationship with the broker. For new traders, this could incentivize overtrading. On the other hand, there is also a rewarding loyalty program.
Regarding trading conditions, spreads are at the industry level. Notably, they do not charge or pay swap fees. This is a distinct characteristic that avoids surprises, which are mostly negative for traders, especially on certain days when swaps can be doubled.
Regulation is a balancing act between the obligation to serve certain clients, which requires significant regulatory authorization, and having greater flexibility in service offerings, albeit at the cost of being regulated by less trustworthy institutions.
About Octa
Octa is a broker that has operated for over 10 years and has been expanding during this time. It is a global company with several entities responding to different regulatory needs.
FAQs
Octa is a broker that has been operating for over 10 years. It has several entities around the world and provides services by industry standards. Notably, it stands out for not charging swap fees.
The headquarters of Octa is located in Cyprus at 1 Agias Zonis and Thessalonikis Corner, Nicolaou Pentadromos Center, Block: B', Office: 201, 3026, Limassol.
With Octa, you can trade a total of 300 trading instruments, including 52 Forex pairs and 277 CFDs, covering indices, commodities, and cryptocurrencies.
- Account Registration: Go to the official Octa website and click on either the "Sign Up," "Join Us," or "Go Trading" button located at different places on the page. You will be prompted to create an Octa account using your email or to sign up with Facebook, Apple, or Google. You will then be asked to create your profile, including details of your country of residence and phone number.
- Accept the customer agreement: The next step is to read through and accept Octa’s terms and conditions.
- Choose your account type: You can choose a standard or custom account. You can add other accounts later without charge and with just a simple click. During this process, you will set up account details, choosing between a demo or a real account. Within the real account, you have three options: OctaTrader, MetaTrader 4, and MetaTrader 5. You will also need to choose the leverage level. If you choose a demo account, you will have the same options and can specify the desired balance for the account.
- Your account is ready: After this step, your account is ready, and you can go to the dashboard in the client area.
- Fund your account: Once in the dashboard, you can fund your account. There are several methods available that vary depending on your region of residence. At this point, you can also open other accounts; for example, if you choose an Octa account, you can open a Metatrader 5 account and/or Metatrader 4. You can also confirm the bonus percentage here.
- Trading platform: Download and install your preferred platform: MetaTrader 4 or MetaTrader 5. If you use OctaTrader, you can click on the dashboard to access the web version or install the mobile app on your phone.
- Start Trading: After funding your account and setting up the trading platform, you can begin trading with the instruments determined by the type of account opened. You can trade simultaneously in any of the open accounts.
- Verify your identity: To comply with the registration process and to be able to make withdrawals, you need to complete the identity verification process. You will need to upload scanned copies or photos of identification documents (like a passport, driver's license or national ID).
About the authors
