General information

Octa (formerly OctaFX) is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services already utilised by clients from 180 countries with more than 42 million trading accounts.

Regulation

Spanning across the globe, Octa is subject to regulation by several authorities, including the FSCA, MISA, and CySEC, reflecting the diverse regulatory landscape governing the activities conducted by OCTA.

Here is the list of licenses which Octa has:

1. Octa Markets Cyprus Ltd. is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 372/18.
2. Octa Markets Ltd. is authorized and regulated by the Mwali International Services Authority (MISA) with license number HY00623410, and international brokerage and clearing house license number: T2023320.
3. Orinoco Capital (Pty) Ltd. holds a Financial Service Provider (FSP) license number 51913 from the Financial Sector Conduct Authority (FSCA) in South Africa.

What traders value about Octa

• Fast withdrawals 24/7. More than 90% of them are credited within 3 hours.
• Low spreads. Octa offers floating spreads starting from 0.6 pips. During promotions, the spreads can be up to –15% lower.
• Global recognition approved by 70+ international industry awards in 180+ countries. Octa has been named the ‘Most Reliable Broker Asia 2023’ award from Global Forex Awards and the ‘Best Forex Broker 2023’ award from AllForexRating.com.
• No charges at all. No commissions, no overnight or trading charges. Octa’s profit is already included in spreads as a markup. All the profit you make is yours.
• Space to help you make the best possible decision at any moment. It’s a smart feed with customised content: relevant trading ideas and deep analysis. Built into the trading ecosystem, it shows you good ideas—try it, and you won’t miss any worthy profit opportunities.
• OctaTrader. Quick and intuitive trading platform developed with your comfort in mind. Octa equipped its trading terminal with Space, a smart feed with trading ideas and deep analysis. OctaTrader is powered up with price alerts and instant trading notifications—all set to make a profit.
• Security. Octa enforces strict security measures including 128-SSL encryption and adherence to AML/KYC standards to safeguard client data and funds. Withdrawals are limited to deposit methods for added security, and though verification may be inconvenient, it's essential for preventing fraud and ensuring trader safety.
• Involved Customer Support 24/7. Our team is there to help anytime. Human support in Hindi and English will get you answers in under 2 minutes.
• Education that results in your profit. Traders who learn with Octa tend to earn more in the long term.

Where to trade with Octa

Octa mobile apps

Octa trading app is quick, offering low spreads, fast withdrawals, and a 0% commission. A clear and user-friendly interface is perfect for every trader who values comfort. Exclusive content in Space, a smart feed, will help you make the best decision at any given moment—it features deep market analysis and relevant trading ideas you can use instantly as they are integrated into the trading terminal. The app features three trading platforms: OctaTrader, MT4, and MT5. Also, Octa has one of the best no-slippage levels in the market—97.5% of the executed orders.

• 🤖Download for Android, Google Play: https://play.google.com/store/apps/details?id=com.octa8
• 🍏Download for iOS, App Store: https://apps.apple.com/my/app/octa-trading-app/id1552179961

Online desktop platform

Octa web trading platform is located at https://www.octafx.com/. It features the same benefits the mobile apps have: quick response, fast order execution, fast withdrawals, and 24/7 online support. Space, a smart customisable feed with relevant trading ideas and deep analysis, is also available online. Trades you open in the app and on the desktop platform are automatically synchronised, so you can easily switch between the devices.

Security

Octa prioritises strict client funds security rules.

Online data is protected with 128-SSL encryption, which is a protocol that uses a key of 128 bits in length and is considered very hard to crack.

AML/KYC. Octa follows international regulation standards on Anti Money Laundering and Know Your Customer procedures to verify the identity of its clients and prevent illicit activities. All global brokers must adhere to these policies.

Money transfers. Even if unauthorised access occurs, such as losing your device, withdrawals are restricted to the methods used for deposits. While this might seem inconvenient at times, it's essential for ensuring security of your money.

Verification. Traders may find the verification process inconvenient, but it plays a crucial role in ensuring their safety. It serves to prevent money laundering through KYC/AML policies and safeguards against anonymous withdrawals, protecting traders from potential theft. Verification doesn't have to be done immediately upon registration, and traders can initiate it at their convenience.

Octa trading platforms

OctaTrader

Simple and powerful trading platform created with your comfort in mind. The intuitive, lightning-quick app provides a seamless trading experience—no need to lose focus switching between apps. Trading is no place for distractions, and Octa knows it. So just open one app and trade.

Tight spreads from 0.6 pips, 80 trading instruments, including currencies, metals, energies, indices, and cryptocurrencies. No overnight charges and no commissions.

Space—a wow feature of OctaTrader

• Space is a built-in smart feed of trading ideas and market analysis. Designed to help you make the best decisions at any moment, it is also an ultimate source of control over your profits.
• Adjust its content to your needs, creating your own feed and following only your favourite assets and types of analysis. Space is ready to be tailored to your individual trading preferences.
• Every trading idea in Space is clear. It features a clear explanation of why now is a good opportunity, identified Stop Loss and Take Profit levels, and a visual analysis on the chart.
• Open orders directly from Space. No need to switch between tabs and waste time.

What’s also special about OctaTrader?

• Instant notifications about everything happening to your account
• Price alerts on any instruments
• Draw, analyse, and manage trades directly on the chart
• Up to 50% deposit bonus

Octa MT4 and MT5 trading platforms

These two are known by every trader. MT4 is simple and popular, while MT5 is technically advanced. Spreads on both start from 0.6 pips, but the number of assets differs: you can trade 76 of them on MT4 and 273 of them on MT5. Octa offers trading both on mobile and on desktop MetaTrader.

Unique benefits you get with Octa

🚀 Space

• Space is the only trading partner you will ever need. This is a smart feed with timely analysis of your favourite trading instruments. What asset to trade now? Where to set Stop Loss and Take Profit? It helps you make informed decisions and control your profits.
• No more anxiety when deciding what asset to trade. Compare trading ideas, read explanations, and open orders directly on the chart. Use global experience even if you’re a beginner.
• With Space, you’ll never miss good ideas. All you need is integrated into one screen. Multiply your trading skills and potential profits, saving time on your own analysis.

📈 Daily fundamental analysis

Every trader values relevant info. With Octa, you’ll get a clear and concise fundamental analysis from Monday to Friday delivered to your inbox. Which assets will be volatile? Which market events will affect the market? It’s not about long plain copies. Only the most important things so you don’t miss any event that might affect your profit.

The most popular trading assets at Octa

• Forex: EURUSD, GBPUSD, USDJPY, GBPJPY, USDCHF, AUDUSD.
• Indices: NAS100, US30, GER40, SPX500, JPN225
• Cryptocurrencies: Bitcoin, Ethereum, Ripple, Solana, Bitcoin Cash
• Metals: Gold XAUUSD, Silver XAGUSD
• CFDs on stocks: Apple, Tesla and other assets from 16 stock exchanges
• Energies: crude oil XBRUSD, gas XNGUSD.

See full list →

Commissions and fees

• No commissions on deposits and withdrawals.
• No trading commissions. Octa profits from markup included in spreads, still keeping spreads among the lowest worldwide.
• All accounts on Octa are swap-free—there is no overnight fee.

Leverage

• Up to 1:500 for currency pairs, 1:1000 in the period of special promotions and contests
• Up to 1:200 for commodities
• Up to 1:50 for indices
• Up to 1:20 for CFDs on stocks
• Up to 1:25 for cryptocurrencies

Education

Octa has good educational and training tools for beginners as well as expert traders. According to our data, traders using Octa’s educational content tend to make a larger profit. The broker’s focus on providing comprehensive education, assuring its client’s best understanding of the market, has resulted in two ‘Best Education Broker 2023’ awards from Forexing.com and Holiston Media.

• Forex Basic Course—short videos about Forex basics. Good for beginners.
• Weekly webinars and live trading sessions are published here https://www.octafx.com/webinars/.

Contests and offers

• Deposit bonus. You can get from 10% to 50% bonus on every deposit. In times of special offers, traders usually get a 100% deposit bonus.
• Trade and Win program. You collect prize lots for trading with Octa and spend them on iPhones, other gadgets, and merch packs in the Octa Trade and Win gift collection.
• Champion Demo Contest. Trade on a demo account, get in the top 5 with the highest balance by the end of the contest round and win up to $500.

Octa affiliate programs

• In Invite-a-Friend, invite friends to trade via your referral link and get 1 USD for every lot they trade.
• Octa IB program is for those who are ready to make attracting new clients a business. In 2023, Octa paid out more than $63 million to its partners. Octa offers the highest commission for the most popular assets: for example, for 1 lot of EURUSD your client trades with Octa, you can get $12, while other brokers offer from $4 to $6.
• Status program offers new benefits at every level, such as lower spreads, trading signals by Autochartist, more expensive gadgets in the Trade and Win collection, a personal manager, and more.

Octa Copytrading

Single app and web service, integrated into the Octa ecosystem, that lets you earn like an experienced trader without any specific knowledge. You simply start following some pro trader you’ve picked, and Octa CopyTrading app automatically copies their trades.

It is perfect for beginners and those who want to profit without devoting much time to managing their portfolios.

To start, you only need to pick a Master Trader based on several criteria: their overall profit, number of copiers, and risk score. Every Master Trader sets up the percentage of commission they take. Some of them offer a free 7-day trial, so you can test as many Master Traders as you want.

• 🤖Download for Android: https://play.google.com/store/apps/details?id=com.octafx.copytrade

Charity

The company is involved in a comprehensive network of charitable and humanitarian initiatives, supplying several schools and colleges in Tamil Nadu, Uttar Pradesh, and other Indian states with computers, textbooks and other school supplies. See for further reference: Providing water purification plants to rural Indian schools, Bringing modern equipment for rural educational institutions in India.

Deposits & Withdrawals

Octa accepts all the most popular payment methods

Deposits:

Withdrawals:

Support and Contacts

Email: support@octafx.com 24/7 for traders;

Live Chat option 24/7;

• Both Live Chat and Email are available in Bengali, Chinese, English, Hindi, Indonesian, Malay, Portuguese, Spanish, and Thai languages;
• Social media accounts: Facebook, Twitter, YouTube, Telegram, Instagram, and TikTok;
• Office Correspondence at: Bonovo Road – Fomboni, Island of Moheli, Comoros Union.

Restricted countries:

Octa does not accept the clients from the following countries: Russia, Cyprus, Belarus, Kazakhstan, Ukraine, Puerto Rico, United States, U.S. Virgin Islands, U.S. Outlying Islands, American Samoa, North Mariana Island, Guam