OctaFX offers traders a wide range of trading instruments and features, and they can do so in a commission-free environment. Their EUR/USD spread, for example, starts at 0.6 pips or about $6 for 1 standard lot. This is comparable to commission-based brokers that offer raw spreads of 0 pips for $6 commission. The company stands by its promise to provide traders with the best possible trading experience, and they certainly deliver.
OctaFX provides three trading platforms to users, including MT4 Micro, MT5 Pro, and cTrader ECN. To trade using MT4 and cTrader, users must have a live account. However, demo accounts are not available, and there are no cent accounts available for demo trading.
Traders can deposit and withdraw funds using Bitcoin. Both deposits and withdrawals are free of commissions, and the entire process only takes between one and three hours. In addition, OctaFX offers How Are Forex Currencies Traded and shariah-compliant accounts for clients who adhere to Islamic rules.
Security is an important issue with OctaFX. free mt4 download for pcs customers are assured that their accounts are completely secure. In addition, they will not lose their invested funds even if the account is in the negative. They will also be notified through email if there are any problems with their account.
OctaFX also provides educational resources for traders. They provide webinars, platform tutorials, and educational articles that are available in several languages. Traders can also get help from their support team by contacting them via live chat, email, and telephone. They also have a dedicated FAQ section where you can ask any questions you may have.
Besides offering negative balance protection, OctaFX is fully regulated by the Cyprus Securities and Exchange Commission CySEC. They are a reputable, worldwide broker and have been serving clients from more than a decade. However, you should be aware that the company does not have a regulated financial institution in the UK. Hence, it is crucial to understand the implications of such a situation before signing up with them.
The OctaFX platform offers a free demo account where traders can test the platform before investing. By doing this, you can get a feel for whether the platform is right for you or not. Then, you can commit to a live trading account with them if you want to do so.
One of the most attractive features of OctaFX is its low deposit and opening balance requirements. Its low fees are perfect for traders who are just getting started in forex trading. It also offers a range of trading instruments and currency pairs. The OctaFX platform supports all the major tools and strategies, including one-click trading, advanced charting, and technical analysis. The platform also uses modern technologies to protect its customers data and information. Its servers use 128-bit encryption, and its online payment system is secure using 3D secure technology.
Aside from the MT4 desktop platform, OctaFX also provides a lightweight web-based trading portal and mobile app. Its proprietary mobile trading platform has over 10 million downloads on Android devices. The company has also developed proprietary signal providers and a proprietary copy trading service.