OctaFX Broker Review 2025

OctaFX is a financial broker with more than 40 million accounts opened on it. Also, the company has paid over $33M in bonuses to its clients.

The minimum deposit on this brokerage is $25 and the floating spreads start from 0.6 pips.

OctaFX forex broker (Company Information + Regulation)

OctaFX is a global forex and CFD broker that has been providing online trading services since 2011. Headquartered in Saint Lucia, the company has grown to serve over 12 million client accounts from more than 180 countries. OctaFX is regulated by several decent financial authorities and has a good record in that regard.

Key points about the broker's regulation and company information:

• Regulated by the Financial Sector Conduct Authority (FSCA) and Mwali International Services Authority (MISA)
• Offers trading in forex, cryptocurrencies, indices, metals, and CFDs on energy sources and stocks
• Follows an ECN/STP execution model
• Offers trading on MT4, MT5, and exclusive platform

OctaFX is also regulated by the Cyprus Securities and Exchange Commission (CySEC), through its European entity, Octa Markets Cyprus Ltd (License No. 372/18), which we've discussed thoroughly on the OctaFX EU review.

OctaFX Broker Summary

OctaFX has positioned itself as an innovative, client-focused Forex broker that provides a comprehensive trading experience across various asset classes. Here's a quick summary of what OctaFX offers:

Account Types

OctaFX offers three main account types tailored to different trader preferences:

• MT4 Account: A standard account using the MetaTrader 4 platform, ideal for traders seeking simplicity and familiarity;
• MT5 Account: Designed for more advanced users, this account provides enhanced charting tools and depth-of-market features via MetaTrader 5;
• OctaTrader Account: Built on the broker's proprietary OctaTrader platform, this account includes innovative tools like Space and OctaVision.

All accounts come with:

• Commission-free trading
• Tight spreads, averaging 0.7 pips on EUR/USD
• Swap-free accounts, meaning no overnight charges

This account structure makes OctaFX attractive for both new and experienced traders looking for cost-effective, flexible, and tech-enhanced trading options. OctaFX account type comparison:

Opening an account with OctaFX requires a minimum deposit of only $25, making the platform accessible to beginner traders and those who prefer starting with smaller capital commitments.

Pros & Cons

Let's take a look at the advantages and disadvantages of trading with OctaFX:

OctaFX forex broker account registration and verification

Setting up an account takes just a few minutes and allows access to either a Standard or Custom trading environment.

The OctaFX registration process requires email verification, basic identity details, and account preferences—no documents needed upfront.

#1 Visit OctaFX Website

Click the "Go to Website" button on this page to reach the broker's application form.

#2 Register Your Email & Create Password

Provide your email address and choose a strong password that includes:

• Letters
• Numbers
• Symbols

At the end, check the box regarding the company's terms and conditions.

#3 Verify Your Email

Check your inbox for OctaFX's confirmation email. Click the verification link to activate your account.

#4 Enter Personal Info & Choose Account Type

Complete your profile by entering the following information:

• First and last name
• Date of birth
• Country
• Phone number

Finally, choose between a Standard or Custom account, then finalize the process.

#5 KYC Verification

For OctaFX verification, you'll need to submit the following documents:

• Proof of Identity: Passport, Driver's license, or National ID card
• Proof of Residence: Utility bill or Bank statement (not older than 3 months)

Simply take clear photos of these documents and upload them through the OctaFX dashboard. The verification process typically takes a few minutes to a couple of hours.

What Platforms and Applications does OctaFX Forex broker offer?

OctaFX provides a range of trading platforms to suit different trader preferences:

• MetaTrader 4 (MT4)
• MetaTrader 5 (MT5)
• OctaTrader
• Octa Copy

MetaTrader 4

MetaTrader 4 remains one of the most popular trading platforms in the forex industry. This platform is known for its user-friendly interface and extensive features. On OctaFX, MT4 offers:

• Availability across multiple devices (web, Android, Windows, macOS)
• Enhanced security features, including segregated accounts and SSL protection
• Flexible trading options
• 30+ built-in technical indicators and robust charting tools
• Support for automated trading using Expert Advisors (EAs)

MetaTrader 5

MetaTrader 5 is the more advanced successor to MT4, offering additional features and improvements. On OctaFX, MT5 users can enjoy:

• Low spreads starting from 0.6 pips
• High leverage up to 1:1000 for currencies
• No commissions, only markup on spreads
• Access to various assets, instruments, and currencies

TradingFinder has developed a comprehensive list of MT4 indicators and MT5 indicators that you can use for free.

OctaTrader

OctaTrader is OctaFX's proprietary web-based platform, designed to provide a user-friendly and efficient trading experience:

• Advanced charting tools powered by TradingView
• One-touch trading directly from charts
• Seamless integration of trading activities, accounts, and financial transactions
• Multi-platform experience for trading from any device
• Regular market analytics and trading ideas
• Easy-to-use interface suitable for beginners and experienced traders alike

OctaTrader Analytical Tools

The proprietary platform provides access to AI-powered market and performance analysis tools, including:

• Space: An interactive hub offering real-time market analysis, collaborative trading tools, and educational materials
• OctaVision: An AI-powered mentor that analyzes past trading behavior to provide tailored performance feedback and strategy tips

Octa Copy

Octa Copy is OctaFX's social trading platform, allowing users to copy the trades of experienced "Master Traders" automatically:

• Wide selection of Master Traders to choose from
• Easy setup process - fund your account, select a Master Trader, and set the copying proportion
• Diversification of the trading portfolio through copying multiple traders
• Ability to stop copying and withdraw profits at any time

Commissions and Spreads

OctaFX provides swap-free conditions across all account types, aligning with Shariah principles. This makes every account suitable for Islamic traders, as there are no interest-based overnight rollover charges on any open positions.

OctaFX offers competitive trading conditions. This broker charges no trading commissions. Here are the key points about OctaFX fee structure:

• Spreads from 0.6 pips
• $0 Commission
• No inactivity fees
• Swap-free trading

Deposit and Withdrawal Options

The broker provides a variety of deposit and withdrawal methods to cater to traders worldwide. OctaFX deposit and withdrawal options:

• Credit/Debit cards (Visa, Mastercard)
• Bank transfers
• E-wallets (Skrill, Neteller)
• Cryptocurrencies (Bitcoin, Ethereum, Litecoin, Dogecoin, Tether)

Copy Trade and Investment Options

OctaFX copy trading platform offers an excellent opportunity for novice traders or those with limited time to benefit from the expertise of experienced traders:

• Browse and select from a list of Master Traders based on performance metrics
• Copy an unlimited number of Master Traders to diversify your portfolio
• Flexible investment options with different risk levels and commission structures
• Full control to start/stop copying, adjust investment amounts, and withdraw profits at any time
• Mobile app available for convenient portfolio management

tradable markets and Symbols

OctaFX offers access to 277 tradable instruments across five asset classes, from the Forex market to digital assets.

• Forex: Over 50 currency pairs, including majors, minors, and exotics
• Indices: 10 popular global indices
• Commodities: Gold, Silver, and energy sources
• Cryptocurrencies: 34 cryptocurrencies available
• Stocks: 150+ CFDs

This diverse asset selection allows for multi-strategy trading and portfolio diversification.

Bonus and promotions

OctaFX offers several attractive bonuses and promotions to enhance the trading experience:

• 50% Deposit Bonus: Automatically credited to the account after meeting the required trading volume
• Limited-time Promotions: Higher bonus amounts of up to 100% on deposits
• Status Program: A leveling system that has benefits and rewards for traders based on performance

The OctaFX 50% deposit bonus can be used to increase free margin and open higher-volume positions. The bonus is withdrawable once the required trading volume is completed.

OctaFX Broker support and customer services

OctaFX prides itself on providing exceptional customer support:

• 24/7 customer support available via live chat and email
• Support available via ticket
• Support on messaging services
• Multilingual support team (13 languages)
• Fast response time

OctaFX's support team assists with various inquiries, including:

• Deposit/withdrawal information
• Risk management
• Website information
• Account verification
• Trading-related queries

Banned Countries on OctaFX

While OctaFX operates globally, it's important to note that the broker's services may not be available in all countries due to regulatory restrictions. Some of the countries restricted from the broker's services:

• United States
• United Kingdom
• Philippines
• Kazakhstan
• Iran

Referral programs

OctaFX offers an Introducing Broker (IB) program under the brand "Octapartners" that allows individuals and companies to earn commissions by referring clients:

• Competitive conversion rates
• Efficient marketing tools provided
• Flexible commission structure up to 80%
• Transparent reporting
• Daily commission payouts via various methods
• Available in multiple languages
• 5 different ranks based on the number of active clients

OctaFX Trust Scores

OctaFX has established a strong reputation in the industry over a decade of operation. We will check out the scores of reliable websites for this broker in the following list:

• Trustpilot: 4.5 out of 5 based on +7000 reviews
• OctaFX Forex Peace Army: 2.9 out of 5

Education

OctaFX provides a comprehensive educational platform to support traders at all levels. This broker provides educational material in different forms such as:

• Trading tutorials covering forex basics, technical analysis, and trading strategies
• Platform tutorials for MT4, MT5, and OctaTrader
• Video lessons for visual learners
• Forex glossary for understanding industry terminology
• Regular webinars
• Daily market analysis and trading ideas

You can also check TradingFinder's Forex education and Crypto tutorials sections for additional resources.

OctaFX Comparison Table

Let's compare OctaFX features and services with some popular Forex brokers:

TF expert suggestions

OctaFX's proprietary platform, OctaTrader, has facilitated the execution of +97% of orders without slippage. The broker offers over 50 Forex currency pairs and +150 stock CFDs for trading. The company is regulated by 2 financial authorities [FSCA, MISA.]