HELLO and HY to all of our viewers from Chaudhary Hammad. I am the developer of this great site. The website is totally designed to share the actual Online Earning tricks and tips to our viewers. Today, we are going to talk about One of the most famous Digital Currency Platform. The topic for today’s article is EXPLORING THE POWERHOUSE THAT IS OCTAFX.
So, let’s start:
Since its debut in 2011, exploring the powerhouse that is OctaFX has offered clients a broad selection of trading alternatives with cheap initial deposits. The company has won various industry honors for its outstanding online trading services and platforms.
exploring the powerhouse that is OctaFX, The Cyprus the Securities and Exchange Commission (CySEC) regulates Octa Markets Cyprus Ltd., an investment firm with a Cyprus registration. Users are now able to trade with a broker who is overseen by heightened levels of regulatory protection in Europe.
BASIC INFORMATION:
The OctaFX.com website is registered under the St. Vincent and the Grenadines-based Octa Markets Incorporated, which enables its clients to benefit from increased leverage and bonus promotions. OctaFX, a St. Vincent and the Grenadines-based company, currently welcomes customers from 185 different nations.
Because of its accessibility and superior spreads, OctaFX.com distinguishes out. The minimum deposit needed to start an OctaFX account is one of the lowest in the business at just $50. You may anticipate less-than-ideal spreads with such a modest minimum requirement, but that isn’t the case. Even for unusual currency pairs, OctaFX has tight spreads on almost all of its trading pairs. The three OctaFX platform types—MetaTrader 4, MetaTrader 5, and cTrader—offer a variety of features that we’ll go over in greater detail below. All three account types are also available as fully Shariah-compliant Islamic accounts. Additionally, there is a demo account that traders may use to test the OctaFX platform before opening a trading account.
INTRODUCTION:
| PROS:- | CONS:- |
| ● Simple account setup & a negligible starting balance need | ● No longer accessible to US consumers |
| ● All types of accounts are accessible with shariah-compliant alternatives. | |
| ● Access negative balance protection and leverage up to 500:1. | ● Some currencies and asset classes cannot be traded. |
| ● No commissions or enrollment costs. |
For whom is OctaFX advised?
OctaFX is the best option for investors looking for an economical way to start trading a variety of assets because of its low opening balance requirements and tight spreads. Despite the fact that the platform is primarily focused on forex, the various asset classes, including as US, UK, and Japanese shares, offer fantastic opportunity to diversify your investing portfolio in one location.
Investors will be particularly interested in the OctaFX bitcoin trading option in 2020. Investors are increasingly embracing cryptocurrencies like Bitcoin, Litecoin, Ripple, Bitcoin Cash, and Ethereum to both finance their trading accounts and as standalone investments as cryptocurrency enters the mainstream. The lack of fees and commissions provides traders with significant motivation to pursue their passion for trading. The referral program and monthly rewards offered by OctaFX, which foster a friendly, competitive atmosphere among platform users, serve as additional incentives for this active trading strategy. Another strong feature of OctaFX is copy trading, which enables traders to mimic the strategies of the platform’s most profitable users.
OctaFX’s Top Features:
Different types of accounts:
Take advantage of three account kinds that are supported by Metatrader4 and Metatrader5. These account types are made to accommodate various trader types and levels of experience. The range of supported platforms and accounts adds to OctaFX’s distinctiveness.
Cryptocurrency-Friendly Platform:
OctaFX clients can start trading cryptocurrency pairs from as little as $100 and leverage of up to 1:25, and it accepts cryptocurrencies as a method of funding in addition to offering trading capability for Bitcoin, Ethereum, Ripple, and 27 other cryptocurrencies.
Highly Competitive Spreads:
Trade a variety of currency pairs, including precious metals, for a low cost per trade with a market execution time of under 0.1 seconds.
Top Notch Traders to follow:
A trader only needs to log in, choose a successful trader to copy, and click a button to copy their approach because copy trading assistance is available on all account types.
Ample of market resources:
This are available on the internet, including extensive investor education materials, trading signals, charting tools, investment articles, and webinars that are continuously updated.
Overview of OctaFX:
- Variety of BrokerLicenses & Regulations for ECN/STP BrokersFSCA (South Africa), Cysec (OctaFX.eu), and St. Vincent and the Grenadines
- Accepted Jurisdictions185 nations around the world
- Payment MethodsBank Transfer, Credit/Debit Card, Skrill, Neteller, FasaPay, PayTM, Nganluong, PerfectMoney, Bitcoin, Help2pay, and Billplz
- Various PlatformsMobile Compatibility for MetaTrader 4, MetaTrader 5 iOS and Android Supported
Compliance & Regulation by OctaFX:
The Caribbean country of St. Vincent and the Grenadines is where OctaFX is headquartered. The company’s website OctaFX.com is under the control of the country’s financial regulations. The governance of OctaFX.eu is under the direction of CySec.
Contrary to certain trading platforms that severely restrict access by foreign citizens, OctaFX is available to consumers in more than 180 countries.
OctaFX Pricing:
Instead of collecting commissions or set fees, OctaFX makes money by levying a spread on the numerous asset classes it provides. Even with this ECN/STP broker configuration, the spreads on currencies & other assets are exceptionally low and are on par with many online trading platforms.
Apart from trading fees, OctaFX excels in the absence of charges for its quick deposits and withdrawals.
Reliability & Security with OctaFX:
A reliable platform is essential for forex trading, and OctaFX excels in this area. You may utilize the platform with confidence from almost any device because to its support for multiple platforms, including desktop and online apps, quick execution speeds, and support for Android and iOS mobile devices. Without a hitch, the mobile apps run well, and charts & real-time price updates can both be easily accessible. Users have not encountered many connectivity or stability issues, which attests to the platform’s trustworthiness.
Traders can be confident that they are getting the best trading conditions because there are no requotes, 97.5% of all orders execute in less than 0.1 seconds, and there is no slippage. In addition to these trustworthy qualities, OctaFX has won numerous major awards for the excellence of its customer service and the dependability of its platform. These include the 2019 Best Mobile Trading App Award from European CEO Magazine and the following recognitions:
User Experience with OctaFX:
Users must create an account before they may trade on the OctaFX system. Simple registration for the demo account only needs a working email address and a few personal details. However, you’ll need to submit personal ID verification and a few additional documents if you want to register for a full account. A current utility bill to serve as proof of residency, your photo ID, and a trading authentication process that determines your level of experience trading forex and other assets are some examples of these.
Once your OctaFX account is operational, you can begin trading on the platform of your choosing. Users of OctaFX can pick from a number of payment options to fund their trading accounts. There are many different electronic payment systems available as well as conventional payment methods like credit card, bank transfer, or direct deposit in 100 different countries. Popular payment processors including Skrill, Neteller, and PerfectMoney are all accepted. The 50% bonus on deposits that OctaFX provides for non-EU customers is a wonderful perk.
OTHER FEATURES:
With OctaFX, you may easily and quickly withdraw winnings to a specified bank account or eWallet with just a few mouse clicks. One of OctaFX’s biggest features is its quick transfer times for withdrawals and deposits, along with the absence of commissions on either of these services or currency conversion.
Additionally, OctaFX has made a significant effort to offer instructional resources. The broker has made a significant investment in the educational resources for clients. Including the addition of cutting-edge tools like Autochartist, trading signals, market research and news, manuals, and tutorials. Importantly, the OctaFX customer care team is readily accessible thanks to 24-hour support. Monday through Friday should users run into any issues or have inquiries. The helpful FAQ section is especially valuable for anyone who feel comfortable looking up answers on their own.
Bottom line:
Overall, exploring the powerhouse that is OctaFX is a fantastic trading platform with low minimum deposits. And a wide selection of trading options and asset classes. The OctaFX product, which provides excellent features at a very affordable price, stands out for its leverage. Copy trading assistance, and 50% deposit bonus for non-EU clients. Thanks to 24-hour availability Monday through Sunday, the OctaFX customer care team is very reachable.
OctaFX offers superb support along with its wealth of trader education tools and regulated approach. Making it a fantastic spot to begin trading or apply an existing technique.
OctaFX FAQs:
Do I need to send compliance documents and fund my account in order to test a demo account?
A: No, however complete accounts must have documentation. Simply enter your first and last names, country of residence. Address. email address, and phone number to get started with a demo account. You can set up a demo account by logging into OctaFX’s user dashboard after confirming your email.
Do US citizens have the option to sign up for OctaFX?
A: Although OctaFX accepts users from more than 180 nations. The company is still waiting for regulatory approval to provide services to US clients.
OctaFX supports automated trading techniques, right?
A: A variety of techniques, including automated ones in the form of Expert Advisors (EAs), are supported by OctaFX. In addition to this compatibility, users of any accessible OctaFX account type can also engage in copy trading.
Is it possible to add or remove cryptocurrency from the OctaFX trading platform?
A: OctaFX accepts Bitcoin for platform deposits and withdrawals. While deposits take between 3 and 30 minutes and are commission-free. withdrawals take between 1 and 3 hours to complete and an additional 30 minutes to transmit Bitcoin, which is also commission-free.
Does OctaFX offer possibilities for swap-free accounts?
A: Yes, there are swap-free account choices, but only for specific account kinds. Additionally, shariah-compliant accounts are accessible. Please contact a customer service agent or account manager to learn more.
So, that’s the end of our today’s article about EXPLORING THE POWERHOUSE THAT IS OCTAFX.
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So, that was all about our today’s article of EXPLORING THE POWERHOUSE THAT IS OCTAFX.
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