Overall, OctaFX can be summarised as a trustworthy and highly regulated Forex Broker that is very competitive in terms of its trading fees. OctaFX offers multiple trusted trading platforms with excellent customer support. OctaFX has a trust score of 79 out of 99.
🔎 Order Execution | 4/5 |
📈 Commissions and Fees | 4/5 |
📉 Range of Markets | 3/5 |
📊 Variety of Markets | 3/5 |
⏱️ Withdrawal Speed | 3/5 |
🥰 Customer Support | 4/5 |
💻 Trading Platform | 4/5 |
🖍️ Education | 4/5 |
🗂️ Research | 4/5 |
🔒 Regulation | 3/5 |
📱 Mobile Trading | 4/5 |
💯 Trust Score | 79% |
OctaFX Review – Analysis of Brokers’ Main Features
- ☑️ OctaFX Overview
- ☑️ OctaFX Detailed Summary
- ☑️ OctaFX Advantages over Competitors
- ☑️ Who will Benefit from Trading with OctaFX?
- ☑️ OctaFX Safety and Security
- ☑️ OctaFX Bonus Offers and Promotions
- ☑️ OctaFX Affiliate Program Features
- ☑️ OctaFX Minimum Deposit
- ☑️ OctaFX Account Types and Features
- ☑️ OctaFX Base Account Currencies and Basic Order Types
- ☑️ How to Open and Close an OctaFX Account
- ☑️ Social Trading with OctaFX
- ☑️ OctaFX Trading Platforms
- ☑️ Which Markets Can You Trade with OctaFX?
- ☑️ OctaFX Fees, Spreads, and Commissions
- ☑️ OctaFX Deposits and Withdrawals
- ☑️ OctaFX Education and Research
- ☑️ OctaFX Customer Support
- ☑️ OctaFX VPS Review
- ☑️ OctaFX Cashback Rebates Features and Conditions
- ☑️ OctaFX Web Traffic Report
- ☑️ OctaFX Geographic Reach and Limitations
- ☑️ Best Countries by Traders
- ☑️ OctaFX vs BDSwiss vs Capital.com – A Comparison
- ☑️ OctaFX Alternatives
- ☑️ OctaFX Awards and Recognition
- ☑️ Our Experience with OctaFX
- ☑️ Recommendations according to our in-depth review of OctaFX
- ☑️ OctaFX Customer Reviews
- ☑️ Pros and Cons of Trading with OctaFX
- ☑️ In Conclusion
- ☑️ Frequently Asked Questions
OctaFX Overview
OctaFX is a global online forex broker established in 2011 and has since expanded to serve more than 6 million trading accounts. The maximum leverage ratio offered by the company is 1:500, allowing traders to hold positions 500 times the size of their initial investment.
This high leverage could result in substantial profits for traders. Numerous account types are available to traders, including demo and Islamic accounts. The demo account allows novices to practice trading strategies without risking real funds.
In contrast, the Islamic account is designed for traders who adhere to Sharia law and do not wish to earn or pay interest on trades. Multiple trading platforms, including MT4, MT5, OctaFX, and CopyTrade, are supported by OctaFX.
These platforms provide various tools and features for market analysis and trade execution. The company is governed by the Cyprus Securities and Exchange Commission (CySEC), and the Saint Vincent and Grenadines Financial Services Authority (SVG FSA). It has its headquarters in Saint Vincent and the Grenadines.
This regulation provides security for traders and ensures that OctaFX operates fairly and transparently.
OctaFX Detailed Summary
🔎 Broker | 🥇 OctaFX |
🏦 Headquartered | Saint Vincent and the Grenadines |
🌎 Global Offices | United Kingdom, Hong Kong, Indonesia, Cyprus, Malaysia, Thailand, South Africa |
📈 Local Market Regulators in Malaysia | Securities Commission of Malaysia (SCM) |
📉 Foreign Direct Investment in Malaysia | 15.11 billion USD (2022) |
📊 Foreign Exchange Reserves in Malaysia | 103.4 billion USD (July 2025) |
📌 Local office in Kuala Lumpur | ✅Yes |
📍 Governor of SEC in Malaysia | Shaik Abdul Rasheed Abdul Ghaffour is the Governor of the Central Bank of Malaysia |
🤝 Accepts Malaysia Traders | ✅Yes |
🔢 Year Founded | 2011 |
🖥️ Social Media Platforms | Facebook X YouTube Telegram |
↪️ Regulation | CySEC, SVG FSA, FSCA |
💹 SCM Regulation | None |
📌 Regional Restrictions | The United States |
☪️ Islamic Account | ✅Yes |
🆓 Demo Account | ✅Yes |
⏰ Non-expiring Demo | None |
⏲️ Demo Duration | 30 days |
2️⃣ Retail Investor Accounts | 2 |
📈 PAMM Accounts | None |
💧 Liquidity Providers | Unknown |
➡️ Affiliate Program | ✅Yes |
🖥️ Order Execution | Market |
💻 OCO Orders | None |
🫰🏻 One-Click Trading | ✅Yes |
📌 Scalping | ✅Yes |
📍 Hedging | ✅Yes |
👤 Expert Advisors | ✅Yes |
📰 News Trading | ✅Yes |
📝 Trading API | None |
📉 Starting spread | From 0.6 pips |
📊 Minimum Commission per Trade | None |
💹 Decimal Pricing | 5th Decimal after the comma |
⏩ Margin Call | 25% |
⛔ Stop-Out | 15% |
📉 Minimum Trade Size | 0.01 lots |
📈 Maximum Trade Size | 500 lots |
🪙 Crypto trading offered | ✅Yes |
💴 Offers an MYR Account | None |
🫶 Dedicated Malaysia Account Manager | None |
📊 Maximum Leverage | 1:500 |
❌ Leverage Restrictions for Malaysia | None |
💷 Minimum Deposit (MYR) | 470 MYR ($100) |
💶 Deposit Currencies | USD, BTC, EUR, ZAR, LTC, DOGE, USDTE, USDTT, ETH |
💵 Deposit and Withdrawal Options | Debit/Credit Cards Cryptocurrencies Skrill Neteller Electronic Transfers E-Wallets |
💳 MYR Deposits Allowed | None |
💰 Account Base Currency | USD, EUR |
📈 Active Malaysia Trader Stats | 4 million+ |
📉 Active Malaysian-based OctaFX customers | Unknown |
📊 Malaysia Daily Forex Turnover | 15 billion USD (Average for August 2025) |
⏰ Minimum Withdrawal Time | 1 – 3 hours |
⏱️ Maximum Estimated Withdrawal Time | 3 – 5 working days |
⏲️ Instant Deposits and Instant Withdrawals | None |
🔁 Segregated Accounts with Malaysian Banks | None |
💻 Trading Platforms | MetaTrader 4 MetaTrader 5 OctaFX App CopyTrade App OctaTrader |
🖥️ Trading Platform Time | GMT +2 |
📌 Observe DST Change | None |
📍 DST Change Time zone | GMT |
🍎 Tradable Assets | Forex Index CFDs Commodities Cryptocurrencies Energies Precious Metals |
💴 Offers USD/MYR currency pair | None |
💹 USD/MYR Average Spread | None |
📈 Offers Malaysian Stocks and CFDs | None |
📉 Languages supported on the Website | English, Malaysian, Hindi, Bangla, Thai, Spanish, German, Vietnamese, Portuguese, Arabic, Chinese (Simplified) |
📊 Customer Support Languages | Multilingual |
➕ Copy Trading Support | ✅Yes |
⌚ Customer Service Hours | 24/7 |
❤️ Malaysian-based customer support | ✅Yes |
🎁 Bonuses and Promotions for Malaysia Traders | ✅Yes |
🖍️ Education for Malaysian beginners | ✅Yes |
💻 Proprietary trading software | ✅Yes |
😎 Most Successful Trader in Malaysia | Rayn Lim (Net Worth is private) |
☑️ Is OctaFX a safe broker for Malaysian Traders | ✅Yes |
🔟 Rating for OctaFX Malaysia | 7/10 |
💯 Trust score for OctaFX Malaysia | 79% |
OctaFX Advantages over Competitors
OctaFX has the following advantages over competitors:
- ✅ OctaFX operates globally, with offices in Kuala Lumpur to provide traders with regional support.
- ✅ OctaFX provides a significant leverage benefit for forex trading, with a maximum leverage ratio of 1:500, giving traders significant flexibility in position management.
- ✅ OctaFX has built a solid trading platform fortified with numerous security features, such as integrating a dependable SSL system, stringent licensing procedures, and allocating funds in separate accounts.
- ✅ OctaFX elevates the trading journey by launching a specialized platform for mirroring trades, further enhanced by a suite of risk management tools, giving traders greater control over their trading strategies.
- ✅ OctaFX empowers its traders by providing high-quality, free analytical tools. This includes detailed market evaluations, the most recent Forex updates, and real-time quotations, providing traders with the information they need to make sound trading decisions.
Finally, OctaFX demonstrates its commitment to excellent client interaction by expanding its customer service capabilities with an interactive online chat system. This tool connects traders with nimble representatives who respond quickly to questions and expertly handle any technical challenges encountered during trading.
Who will Benefit from Trading with OctaFX?
OctaFX will appeal to traders who prefer the MetaTrader 4 and 5 platforms. Users can also replicate successful trades on the platform. OctaFX is an excellent choice for scalping, hedging, and automated trading. Furthermore, it provides competitive trading with spreads beginning at 0.6 pips.
OctaFX Safety and Security
OctaFX is not regulated by the Securities Commission of Malaysia (SCM). However, OctaFX global regulations are listed in the table below:
🔎 Registered Entity | 🌎 Country of Registration | 📌 Registration Number | 📍 Regulatory Entity | 📈 Tier | 📉 License Number/Ref |
1️⃣ Octa Markets Cyprus Ltd | Cyprus | N/A | CySEC | 2 | 372/18 |
2️⃣ Orinoco Capital (Pty) Ltd | South Africa | 2021/704761/07 | FSCA | 2 | FSP 51913 |
3️⃣ Octa Markets Incorporated | Saint Vincent and the Grenadines | N/A | FSA SVG | 3 | 19776 |
OctaFX Protection of Client Funds
🔎 Security Measure | ℹ️ Information |
🔒 Segregated Accounts | ✅Yes |
🔏 Compensation Fund Member | None |
🔐 Compensation Amount | N/A |
🔓 SSL Certificate | ✅Yes |
🗝️ 2FA (Where Applicable) | ✅Yes |
🔑 Privacy Policy in Place | ✅Yes |
🔒 Risk Warning Provided | ✅Yes |
🔏 Negative Balance Protection | ✅Yes |
🔐 Guaranteed Stop-Loss Orders | None |
OctaFX Security while Trading
OctaFX employs advanced security measures to safeguard personal information and financial transactions. Furthermore:
- ✅ The SSL-protected Personal Area employs 128-bit encryption, ensuring secure browsing and keeping data safe from outside entities.
- ✅ OctaFX integrates 3D secure technology for credit and debit card transactions, increasing the safety and clarity of Visa transactions.
- ✅ Email confirmation is required for withdrawals from a live account to ensure exclusive access by the account holder. OctaFX requires consistent payment information for deposits and withdrawals, removing the possibility of unauthorized external transfers.
- ✅ OctaFX recommends that clients provide scans of personal identification and proof of residence for account validation to increase transaction security.
- ✅ OctaFX, per global regulatory standards, maintains separate accounts to separate customer assets from the company’s financial records, ensuring the preservation of these funds.
Finally, a specialized team of security experts and technicians monitors OctaFX’s technical landscape around the clock. Their efforts have strengthened the platform’s security, significantly lowering the risk of data breaches or technical disruptions.
Pros and Cons of Regulation and Safety of Funds
✅ Pros | ❎ Cons |
OctaFX has a trust score of 79% and is a well-known broker in Malaysia | OctaFX is not regulated by any Tier-1 entities |
What encryption standards does OctaFX use for data protection?
OctaFX protects personal information and financial transactions with 128-bit SSL encryption.
How does OctaFX handle card transactions?
OctaFX employs 3D secure technology to improve card transaction security and transparency.
OctaFX Bonus Offers and Promotions
OctaFX offers Malaysian traders the following bonuses and promotions:
- ✅ Demo Trading Contest
- ✅ Trade and Win Giveaway
- ✅ 50% Deposit Bonus
And much, MUCH more!
OctaFX Demo Trading Contest
OctaFX provides Malaysian traders with a risk-free environment to practice and refine their trading strategies through a demo trading competition. This platform enables traders to participate without incurring financial risk, making it an ideal opportunity to develop their skills.
The competition recognizes and rewards exceptional traders with cash prizes that can be withdrawn or used for trading, promoting skill development within a secure environment.
OctaFX Trade and Win Giveaway
The “Trade and Win Giveaway” promotion from OctaFX recognizes the commitment of Malaysian traders.
Traders who meet certain trading volume requirements can enter a random drawing to win attractive prizes, such as smartphones, laptops, and trips to exotic destinations.
This initiative recognizes traders’ efforts and engagement by adding an element of excitement and tangible rewards to their trading journey.
OctaFX 50% Deposit Bonus
The “50% Deposit Bonus” promotion from OctaFX grants Malaysian traders a bonus of up to 50% on their deposits. These extra funds can be used for trading, enabling traders to strengthen their positions and strategies.
After meeting certain volume requirements, bonus funds can be withdrawn, contributing to the expansion of trading resources.
OctaFX Status Program
OctaFX offers a “Status Program” to reward Malaysian traders for their loyalty and trading activity. This initiative enables traders to earn points based on their trading activities, which can be used to advance their account status and unlock a variety of advantageous perks.
These advantages, which include reduced spreads, expedited withdrawal procedures, and personalized assistance from a dedicated account manager, demonstrate OctaFX’s commitment to enhancing traders’ experiences.
How can I stay updated on the latest promotions offered by OctaFX?
For updates, visit the OctaFX website’s promotions section or subscribe to their newsletter.
Can I withdraw the bonus amount offered by OctaFX?
The terms of bonus withdrawal vary. Some bonuses may be withdrawable after certain trading requirements are met.
OctaFX Affiliate Program Features
The OctaFX Affiliate Program offers access to the following notable features:
- ✅ Affiliates can register for an account and begin promoting the platform within minutes of signing up for the program.
- ✅ OctaFX has an IB partner program for active traders, which allows them to earn commissions by referring new clients to the platform. This program includes a customizable referral link, real-time reporting, and a dedicated account manager, among other things.
- ✅ The program allows affiliates to earn significant commissions by referring new clients to the platform.
- ✅ The program provides a reporting system with high transparency, allowing affiliates to track their performance and earnings in real-time.
- ✅ The program provides Introducing Brokers (IBs) with a flexible commission structure that allows them to earn commissions based on their clients’ trading activity. This structure allows IBs to earn higher commissions as their clients’ trading volume increases.
Finally, to ensure that affiliates receive accurate commission payments, the program employs a dependable tracking system. This system offers high transparency and ease of use, allowing affiliates to track their earnings and performance easily.
How to open an Affiliate Account with OctaFX
To register an Affiliate Account, Malaysian traders can follow these steps:
- ✅ Visit the website for the OctaFX Affiliate Program.
- ✅ Sign in or access your personal account if you’re already registered.
- ✅ To view a list of available offers, open the Offers section.
Choose an offer to begin your affiliate account setup.
What are the requirements to become an affiliate with OctaFX?
While there are no hard and fast rules, having a platform or audience to promote OctaFX can be beneficial.
Are there any performance bonuses for top-performing affiliates?
Yes, OctaFX frequently provides additional bonuses or higher commission rates to top-performing affiliates.
How can I access marketing materials as an OctaFX affiliate?
Once you have registered as an affiliate, you can access various marketing materials through the OctaFX affiliate dashboard.
Can I get dedicated support as an OctaFX affiliate?
Yes, OctaFX offers its affiliates dedicated support, ensuring they have all the resources and assistance they require.
OctaFX Minimum Deposit
🔎 Live Account | 💶 Minimum Dep. |
🥇 MT4 | 470 MYR / $100 |
🥈 MT5 | 470 MYR / $100 |
How does the minimum deposit at OctaFX compare to industry standards?
OctaFX’s minimum deposit is competitive, frequently lower than many industry competitors.
Are there any fees associated with depositing funds?
No, OctaFX does not typically charge fees for deposits.
OctaFX Account Types and Features
🔎 Live Account | 💴 Minimum Dep. | 📈 Average Spread | 📉 Commissions | 💵 Average Trading Cost |
🥇 MT4 | $100 | 0.6 pips | None | 6 USD |
🥈 MT5 | $100 | 0.6 pips | None | 6 USD |
OctaFX MetaTrader 4 Account
The retail investor account offers standard trading conditions for Malaysians entering the forex arena. It’s a fitting choice for novice Malaysian traders, encompassing the following attributes:
🔎 Account Feature | 🥇 Value |
💴 Minimum Deposit Requirement | 470 MYR ($100) |
📈 Average Spreads | Floating, from 0.6 pips |
💵 Commissions charged | None; mark-up is added to the spread |
📉 Instruments offered on account | 35 Forex Pairs Gold and Silver 3 Energies 10 Indices 30 Cryptocurrencies |
📊 Leverage Ratios | Forex – up to 1:500 (1:100 for ZAR/JPY) Precious Metals – up to 1:200 Energies – up to 1:100 Indices – up to 1:50 Crypto – up to 1:25 |
💹 Minimum Trading Volume | 0.01 lots |
📌 Maximum Trading Volume | 200 lots |
📍 Margin Call | 25% |
⛔ Stop-Out | 15% |
🖥️ Trade Execution Type | Market |
💻 Trade Execution Average Speed | Under 0.1 seconds |
💶 Base Account Currency Options | USD or EUR |
▶️ Trading Strategies Allowed | Hedging, Scalping, Expert Advisors |
☪️ Islamic Account Offered | ✅Yes |
OctaFX MetaTrader 5 Account
The MetaTrader 5 account caters to adept Malaysian traders in diverse financial sectors. This account equips seasoned traders with state-of-the-art trading tools and optimal trading conditions, inclusive of the subsequent attributes:
🔎 Account Feature | 🥇 Value |
💴 Minimum Deposit Requirement | 470 MYR ($100) |
📈 Average Spreads | Floating, from 0.6 pips |
💵 Commissions charged | None; the mark-up is added to the spread |
📉 Instruments offered on account | 35 Forex Pairs Gold and Silver 3 Energies 10 Indices 30 Cryptocurrencies |
📊 Leverage Ratios | Forex – up to 1:500 (1:100 for ZAR/JPY) Precious Metals – up to 1:200 Energies – up to 1:100 Indices – up to 1:50 Crypto – up to 1:25 |
💹 Minimum Trading Volume | 0.01 lots |
📌 Maximum Trading Volume | 500 lots |
📍 Margin Call | 25% |
⛔ Stop-Out | 15% |
🖥️ Trade Execution Type | Market |
💻 Trade Execution Average Speed | Under 0.1 seconds |
💷 Base Account Currency Options | USD or EUR |
▶️ Trading Strategies Allowed | Hedging, Scalping, Expert Advisors |
☪️ Islamic Account Offered | ✅Yes |
OctaFX Demo Account
OctaFX offers a demo account for the Malaysian trading community that simulates a real trading environment. This platform provides a realistic environment for traders, reflecting real-time market nuances.
The demo account is endowed with substantial virtual capital, serving as a versatile tool for traders. It benefits novices and experts to hone their techniques and strategies.
This platform is especially useful for Malaysians who wish to hone their trading skills and methods before engaging in live trading. In addition, the demo account invites Malaysian traders to participate in the exciting Champion Demo Contest, which offers the possibility of cash prizes.
This initiative challenges traders to match their skills with their counterparts and demonstrates OctaFX’s commitment to fostering trader success and advancement.
OctaFX Islamic Account
Recognizing the complexity of the trading environment, OctaFX caters its services to Malaysian traders who adhere to Sharia Law principles.
The Islamic Account, a manifestation of OctaFX’s foresight, is designed for Muslim traders who observe Islamic doctrines prohibiting interest-based transactions.
In contrast to the conventional forex framework, which frequently imposes overnight fees, OctaFX’s Islamic Account is a revolutionary alternative for Malaysian Muslim traders.
This award-winning account facilitates profit-making through medium- to long-term trading strategies while adhering to Sharia Law regulations.
The absence of overnight fees is a standout feature of the OctaFX Islamic Account. It ensures that Malaysian traders adhering to Islamic values can engage in trading with the utmost confidence, free from factors that could compromise their objectives or strategies.
Pros and Cons of OctaFX Account Types and Features
✅Pros | ❎Cons |
There are two flexible trading accounts, and both support all strategies | The spreads have mark-up added and are not as low as brokers with similar accounts |
There is an Islamic Account conversion offered | There are only two retail accounts |
OctaFX’s spreads are competitive | The demo account is only valid for 30 days |
How do spreads vary across different OctaFX account types?
OctaFX’s spreads are competitive, with variations depending on account type and market conditions.
Can I have multiple account types under one profile at OctaFX?
Yes, traders can keep multiple account types under a single OctaFX profile, giving them greater flexibility in their trading strategies.
OctaFX Base Account Currencies and Basic Order Types
The base account currencies made available to Malaysian Traders include the Euro and the United States Dollar.
OctaFX Basic Order Types
The Basic Order Types made available by OctaFX are as follows:
- ✅ A market order can be either a buy or a sell order that executes at the current market price. This is the current price displayed on your price chart. If you place a market order, you will be immediately entered at the best available price.
- ✅ Market orders are most effective when a trading opportunity requires prompt action. Click buy/sell at the market to enter the trade immediately.
- ✅ A stop order can be either a buy or sell stop, depending on whether you wish to purchase above or below the market.
- ✅ This is useful for trading breakouts or trend continuation strategies when you want the market to continue moving in the same direction.
Alternatively, if you believe the price will reverse when it reaches a certain price, you can place a limit order.
How to Open and Close an OctaFX Account
To open an account with OctaFX, Malaysians can follow these steps:
- ✅ Visit the OctaFX website and click the “Open Account” button.
- ✅ Fill out the registration form with your personal details, or sign up using your Facebook, Google, or Apple ID.
- ✅ Provide a valid email address, as it will be necessary for confirmation during registration.
- ✅ Select a strong password to grant you access to all your trading accounts.
- ✅ Proceed to the next step after completing the initial registration form.
- ✅ Check your email for a message from OctaFX, and click the “Confirm” button to verify your email address.
- ✅ It’s important to provide accurate information during this process, as you will need to verify your identity later, especially for withdrawal purposes.
- ✅ Choose between a standard quick-start setup or manually configure your account type, trading platform, and leverage ratio according to your preferences.
- ✅ Finalize the registration process by following the on-screen instructions.
- ✅ To fund your real trading account and commence trading, click the “Deposit” button and select a payment method to fund your Forex trading account.
Finally, press the “Trade” button, log in with your trading password, and you can begin trading Forex on the MetaTrader 5 platform.
To close a live trading account with OctaFX, Malaysian traders can follow these steps:
- ✅ Close all open positions and withdraw any remaining funds from the trading account you wish to close.
- ✅ Contact OctaFX’s customer support and inform them you want to close your account.
Follow the account closure procedure provided by the customer support team and ensure that you confirm that the account is no longer active.
Do I need to close all my trades before closing my account?
Yes, before requesting account closure, you should close all open positions and withdraw any funds.
Can I transfer my OctaFX account to another person instead of closing it?
No, OctaFX accounts are non-transferable, and the account holder’s name cannot be changed.
Do I need any specific documents to open an OctaFX account?
While documents are not required for initial registration, you will need identification and address proof for full account verification.
How long does the OctaFX account verification process take?
Account verification at OctaFX typically takes 1-2 business hours, but this can vary depending on the documents submitted.
Social Trading with OctaFX
OctaFX offers a distinctive feature known as social trading, commonly called copy trading. This innovative feature allows traders to replicate and adapt the trading tactics of seasoned and adept traders. Here’s a breakdown of how it functions:
Firstly, traders are presented with the option to select a Master Trader. OctaFX’s platform showcases a range of master traders, allowing users to delve into their trading methodologies, past performances, and other pertinent details.
Upon selection, traders can establish a Copier Account within the OctaFX environment. This specialized account is designed to mirror the trading activities of the chosen master traders, ensuring that their strategies are seamlessly integrated into the user’s portfolio.
Furthermore, the platform offers a degree of personalization. Traders can fine-tune their settings, determining their investment amount, desired risk levels, and other parameters that align with their trading preferences.
Once these preferences are set, the platform takes over, autonomously replicating the master trader’s activities onto the user’s account. This system allows traders to diversify their portfolios, as they can opt to follow multiple master traders simultaneously.
Lastly, the platform is built with a focus on transparency and adaptability. Traders can continuously oversee and recalibrate their copied trades based on performance metrics. The platform’s flexibility ensures that traders can access and withdraw their profits whenever they deem fit.
How does OctaFX ensure the credibility of traders on the social trading platform?
OctaFX provides a transparent performance history and trader rankings, ensuring you have all the information you need to make an informed decision.
Can I simultaneously follow multiple traders on OctaFX’s social trading platform?
Yes, you can diversify your investment by following multiple traders and spreading the risk across different strategies with OctaFX.
OctaFX Trading Platforms
OctaFX offers Malaysian traders a choice between these trading platforms:
- ✅MetaTrader 4
- ✅MetaTrader 5
- ✅OctaFX App
- ✅CopyTrading App
- ✅OctaTrader
OctaFX MetaTrader 4
MetaTrader 4 (MT4) is a highly popular trading platform renowned for its extensive features. It offers advanced charting tools, abundant technical analysis indicators, and the ability to automate trades.
Whether traders are using desktop computers, web browsers, or mobile devices, MT4 ensures accessibility at all times.
OctaFX enhances this experience by exclusively providing commission-free trading on financial instruments such as forex, commodities, shares indices, and cryptocurrencies through MT4.
OctaFX MetaTrader 5
Building on the success of MT4, MetaTrader 5 (MT5) enhances its functionality by incorporating a variety of new features. These additions encompass an increased range of technical tools, extended timeframes, graphical objects, and the highly useful economic calendar.
Like its predecessor, MT5 remains accessible across desktops and web and mobile platforms. Additionally, OctaFX offers commission-free trading via MT5 for a diverse selection of CFDs such as forex pairs, commodities, stocks from global markets, index funds, and cryptocurrencies.
OctaFX App
OctaFX comprehends the significance of traders’ flexibility and offers tailored mobile trading applications for MT4 and MT5, exclusively created for Android and iOS users.
These user-friendly apps allow traders to access their trading accounts swiftly, real-time quotes, and advanced charting tools.
Most importantly, they facilitate prompt execution of trades on the move so opportunities can be seized immediately whenever they arise.
Besides these functionalities, OctaFX’s mobile apps provide convenient features like alerts, one-click trading capabilities, and the option to trade directly from charts.
OctaFX CopyTrading App
OctaFX has recently launched its own CopyTrading app, aiming to enhance the lives of traders through a well-thought-out strategic approach. This ground-breaking app is compatible with Android and iOS devices, enabling traders to mimic the trades made by successful counterparts effortlessly.
With an intuitive user interface at its core, this innovative tool promises to streamline locating and tracking accomplished traders, elevating one’s trading journey for maximum convenience and effectiveness.
OctaTrader
OctaTrader is an OctaFX-developed proprietary web-based trading platform. The platform is intended to provide a simple and intuitive trading experience, with only the essentials required for basic trading operations and no frills or advanced features.
- ✅ The OctaTrader platform is user-friendly and convenient for new traders, making it an excellent choice.
- ✅ The platform is designed to be user-friendly, with a simple layout and one-tap access to critical trading operations.
- ✅ OctaTrader includes TradingView charting technology, which includes advanced charting tools and technical analysis indicators.
- ✅ The platform supports automated trading and a variety of order types.
Furthermore, OctaTrader is accessible via desktop, web, and mobile devices, allowing traders to trade on the go.
Pros and Cons of OctaFX Trading Platforms
✅Pros | ❎Cons |
There are powerful mobile apps available through OctaFX | There are only two retail accounts, one for MT4 and one for MT5 |
Are OctaFX’s trading platforms beginner-friendly?
Yes, with user-friendly interfaces and comprehensive tools, OctaFX’s platforms cater to both novice and experienced traders.
Can I access OctaFX’s trading platforms from multiple devices?
Yes, traders can access their accounts from various devices, including desktops, tablets, and smartphones.
Which Markets Can You Trade with OctaFX?
Malaysian traders can expect the following range of markets from OctaFX:
- ✅ Forex
- ✅ Index CFDs
- ✅ Commodities
- ✅ Cryptocurrencies
- ✅ Energies
and more.
Financial Instruments and Leverage offered by OctaFX
🔎 Instrument | 🅰️ Number of Assets Offered | 🅱️ Max Leverage Offered |
📈 Forex | 32 | 1:500 |
🍎 Commodities | 5 | 1:50 |
📉 Indices | 10 | 1:50 |
🪙 Cryptocurrency | 30 | 1:25 |
💎 Precious Metals | 2 | 1:50 |
Broker Comparison for a Range of Markets
🔎 Broker | 🥇 OctaFX | 🥈 BDSwiss | 🥉 Capital.com |
📈 Forex | ✅Yes | ✅Yes | ✅Yes |
💎 Precious Metals | ✅Yes | ✅Yes | ✅Yes |
📉 ETFs | None | None | None |
📊 CFDs | ✅Yes | ✅Yes | ✅Yes |
💹 Indices | ✅Yes | ✅Yes | ✅Yes |
💱 Stocks | ✅Yes | ✅Yes | ✅Yes |
🪙 Cryptocurrency | ✅Yes | ✅Yes | ✅Yes |
📌 Options | None | None | None |
💡 Energies | ✅Yes | ✅Yes | ✅Yes |
📍 Bonds | None | None | None |
Pros and Cons OctaFX Range of Markets
✅ Pros | ❎ Cons |
Traders can access 30 crypto CFDs with leverage higher than normally offered by other brokers | OctaFX has a limited product portfolio |
There is up to 1:500 leverage available | OctaFX has fewer forex pairs compared to other brokers |
Can I engage in CFD trading with OctaFX?
Yes, OctaFX provides Contracts for Difference (CFD) trading in various markets.
Are there any markets that OctaFX doesn’t cover?
Yes, OctaFX does not offer ETFs, Bonds, or Options.
OctaFX Fees, Spreads, and Commissions
The spreads offered by OctaFX differ based on the service charge imposed by brokers and prevailing market conditions during trading.
The spread for each trade is determined according to the specific financial instrument being traded. It should be noted that there are several common spreads available, but not restricted to, which include:
- ✅EUR/USD – from 0.6 pips
- ✅USD/JPY – from 1 pip
- ✅NAS100 – from 1.2 pips
- ✅BTC/USD – from 2.8 pips
- ✅XBR/USD – from 0.7 pips
- ✅XTI/USD – from 0.7 pips
OctaFX Commissions
The spread already encompasses OctaFX’s broker fee; hence no commission fees are charged.
OctaFX Overnight Fees
OctaFX’s spreads and conditions safeguard against swaps on major instruments, including EUR/USD, NASDAQ, Bitcoin, etc.
OctaFX Deposit and Withdrawal Fees
OctaFX imposes no deposit or withdrawal fees for payment methods utilized in Malaysia.
OctaFX Inactivity Fees
Dormant accounts are exempt from any charges related to inactivity.
OctaFX Currency Conversion Fees
Malaysian traders may incur currency conversion charges when depositing or withdrawing MYR to/from accounts denominated in USD or EUR.
Pros and Cons of OctaFX Trading and Non-Trading Fees
✅Pros | ❎Cons |
OctaFX is an affordable broker without hidden fees like inactivity fees | There might be currency conversion fees |
There are no deposit or withdrawal fees charged | OctaFX does not accept MYR as an account base currency |
Does OctaFX charge any hidden fees?
No, OctaFX’s fee structure is transparent.
Does OctaFX offer any fee discounts or promotions?
Yes, OctaFX runs promotions or offers from time to time that may reduce trading costs.
OctaFX Deposits and Withdrawals
OctaFX offers Malaysian traders the following deposit and withdrawal methods:
- ✅ Credit Card
- ✅ Debit Cards
- ✅ Bitcoin (BTC)
- ✅ Litecoin (LTC)
- ✅ Dogecoin (DOGE)
- ✅ Tether ERC-20 (USDTE)
- ✅ Tether TRC-20 (USDTT)
- ✅ Ethereum (ETH)
- ✅ Skrill
- ✅ Neteller
Broker Comparison – Deposit and Withdrawals
🔎 Broker | 🥇 OctaFX | 🥈 BDSwiss | 🥉 Capital.com |
⏰ Minimum Withdrawal Time | 30 minutes | 10 Minutes | Instant |
⏱️ Maximum Estimated Withdrawal Time | 3 hours | Between 7 to 10 days | Up to 3 Working Days |
⏲️ Instant Deposits and Instant Withdrawals | None | None | ✅Yes |
OctaFX Deposit Currencies, Deposit and Withdrawal Processing Times
🔎 Payment Method | 💴 Accepted Currencies | 💵 Deposit Processing | 💶 Withdrawal Processing | 💷 Min Deposit after Initial | 💳 Min Withdrawal |
💳 Credit Card | USD, EUR | 1 to 5 minutes | Min: 30 Max: 1 – 3 hours | 25 USD | 20 USD |
➡️ Debit Cards | USD, EUR | 1 to 5 minutes | Min: 30 min Max: 1 – 3 hours | 25 USD | 20 USD |
🪙 Bitcoin (BTC) | BTC | 3 to 30 minutes | Min: 30 min Max: 1 – 3 hours | 0.00037 BTC | 0.00009 BTC |
📈 Litecoin (LTC) | LTC | 3 to 30 minutes | Min: 30 min Max: 1 – 3 hours | 0.3 LTC | 0.11 LTC |
📉 Dogecoin (DOGE) | DOGE | 3 to 30 minutes | Min: 30 min Max: 1 – 3 hours | 230 DOGE | 75 DOGE |
📊 Tether ERC-20 (USDTE) | USDTE | 3 to 30 minutes | Min: 30 min Max: 1 – 3 hours | 50 USDTE | 20 USDTE |
📌 Tether TRC-20 (USDTT) | USDTT | 3 to 30 minutes | Min: 30 min Max: 1 – 3 hours | 50 USDTT | 20 USDTT |
📍 Ethereum (ETH) | ETH | 3 to 30 minutes | Min: 30 min Max: 1 – 3 hours | 0.02 ETH | 0.005 ETH |
💹 Skrill | USD, EUR | Instant | Min: 30 min Max: 1 – 3 hours | 50 USD | 5 USD |
🔢 Neteller | USD, EUR | Instant | Min: 30 min Max: 1 – 3 hours | 50 USD | 5 USD |
Pros and Cons OctaFX Deposits and Withdrawals
✅ Pros | ❎ Cons |
Traders can use a range of deposit and withdrawal methods | There are no instant withdrawals |
There are no deposit or withdrawal fees | Traders are subject to withdrawal limits |
Is there a minimum withdrawal amount at OctaFX?
Yes, OctaFX has a minimum withdrawal amount that varies depending on the withdrawal method selected.
How can I check the status of my withdrawal request?
Traders can track the status of their withdrawal requests by logging into their OctaFX account or contacting customer service.
How to make a Deposit with OctaFX
To deposit funds to an account with OctaFX, Malaysian traders can follow these steps:
- ✅ Log in to your OctaFX profile.
- ✅ Click on the “New Deposit” button.
- ✅ Select the account you want to top up.
- ✅ Choose your preferred transfer method from the available options.
Follow the on-screen instructions to complete the deposit process.
It is important to note that OctaFX does not charge commissions or any hidden fees for making deposits. However, some service providers may charge operational costs, so you must check with your chosen banks or payment providers to learn more about the applicable fees.
How long do OctaFX Deposits take?
Deposits made on regular business days (Monday to Friday) will be processed instantly or within 1-3 hours. In some special cases, it can take up to one business day. Meanwhile, deposits made on weekends will be processed the next Monday morning.
Are there any deposit bonuses or promotions available at OctaFX?
Yes, OctaFX occasionally offers deposit bonuses and promotions on occasion. OctaFX offers a 50% deposit bonus for new and existing clients with free margin increases, automatic payouts, and withdrawable profits.
Is there a minimum deposit requirement at OctaFX?
Yes, OctaFX has a minimum deposit requirement of $100 / 470 MYR.
How to Withdraw from OctaFX
To withdraw funds from an account with OctaFX, Malaysian traders can follow these steps:
- ✅ Log in to your OctaFX account.
- ✅ Click the “Withdrawal” button in the “Personal Area” section.
- ✅ Select the payment method you wish to use for the withdrawal.
- ✅ Enter the amount you wish to withdraw.
Follow the instructions to complete the withdrawal process.
How long do OctaFX Withdrawals take?
OctaFX usually processes withdrawal requests within a few hours or days. However, the processing time for withdrawals is ultimately determined by the payment system used, and it may take longer for the money to reach its destination.
Depending on the payment processor and geographic location of traders, it may take anywhere between near-instant to ten business days for funds to arrive once OctaFX has processed a withdrawal request.
Are there any fees associated with withdrawing funds from OctaFX?
Although OctaFX does not typically charge withdrawal fees, traders should know potential third-party fees from banks or e-wallet providers.
What documentation might OctaFX require for withdrawal verification?
OctaFX may request identity verification documents such as a passport or utility bill to ensure security and compliance.
OctaFX Education and Research
OctaFX offers the following Educational Materials to Malaysian traders:
- ✅ Webinars
- ✅ Forex basics articles
- ✅ Forex basics video course
- ✅ Platform video tutorials
- ✅ Platform article tutorials
- ✅ Glossary
and much, MUCH more!
OctaFX also offers Malaysian traders the following additional Research and Trading Tools:
- ✅ Market Information
- ✅ Economic Calendar
- ✅ Market Insights
- ✅ Forex News
- ✅ Interest Rates
- ✅ Holiday Calendars
- ✅ Trading Calculators
- ✅ Live Quotes
and much, MUCH more!
Research and Trading Tool Comparison
🔎 Broker | 🥇 OctaFX | 🥈 BDSwiss | 🥉 Capital.com |
📌 Economic Calendar | ✅Yes | ✅Yes | ✅Yes |
📍 VPS | None | ✅Yes | None |
🖥️ AutoChartist | ✅Yes | ✅Yes | None |
💻 Trading View | None | None | ✅Yes |
📈 Trading Central | None | ✅Yes | None |
📰 Market Analysis | ✅Yes | ✅Yes | ✅Yes |
📉 News Feed | ✅Yes | ✅Yes | ✅Yes |
📊 Blog | ✅Yes | ✅Yes | ✅Yes |
Pros and Cons – OctaFX Education and Research
✅ Pros | ❎ Cons |
OctaFX is ideal for beginners | The demo account expires in 30 days |
There are several useful research tools offered | There are limited standalone trading tools available |
Are the educational resources on OctaFX free of charge?
Yes, most of OctaFX’s educational content is free to registered users.
Can I access educational content on the OctaFX mobile app?
The OctaFX mobile app provides access to various educational materials and research tools.
OctaFX Customer Support
🔎 Broker | 🥇 OctaFX |
⏰ Operating Hours | 24/7 |
↪️ Support Languages | English, Malay, Portuguese, Malaysian, Thai, Chinese, and Vietnamese |
🥰 Live Chat | ✅Yes |
💌 Email Address | ✅Yes |
☎️ Telephonic Support | ✅Yes |
5️⃣ The overall quality of OctaFX Support | 4/5 |
Pros and Cons – OctaFX Customer Support
✅ Pros | ❎ Cons |
Traders can contact OctaFX from Monday to Sunday, 24 hours a day | There are limited support languages for certain regions |
Can I provide feedback or suggestions to OctaFX’s customer support?
Yes, OctaFX appreciates user feedback and encourages traders to share their experiences and suggestions for improvement.
Does OctaFX have a comprehensive FAQ section for common queries?
Yes, OctaFX has a comprehensive FAQ section on its website that addresses many frequently asked questions.
OctaFX VPS Review
OctaFX offers a specialized VPS hosting tailored specifically for forex traders, enabling them to run their automated trading algorithms continuously, every day of the week, irrespective of the status of their devices.
This advanced feature is available at no additional cost to all individuals with an active account. The essence of OctaFX VPS lies in its dedicated virtual server, securely housed in a fortified data center. This server is precisely set up to be compatible with the MetaTrader 4 (MT4) platform, a widely recognized tool among forex enthusiasts.
One of its major advantages is that traders can effortlessly set up their expert advisors (EAs) and tailored indicators on the VPS. This ensures these tools operate persistently, independent of the trader’s device or internet stability.
To utilize the OctaFX VPS offering, one needs to:
- ✅ Register and activate a live trading account with OctaFX.
- ✅ Submit the necessary documents to OctaFX for identity and credential verification.
- ✅ Make an initial deposit of at least $500 or equivalent in other denominations to avail of the VPS service.
- ✅ OctaFX mandates traders to carry out a minimum of 10 monthly standard lots.
Can I access OctaFX’s VPS from different devices?
Yes, OctaFX’s VPS is accessible from various devices, allowing traders to manage their strategies while on the go.
Can I run multiple trading strategies on OctaFX’s VPS simultaneously?
Yes, OctaFX’s VPS is designed to handle multiple trading strategies simultaneously without affecting performance.
OctaFX Cashback Rebates Features and Conditions
OctaFX has introduced an enticing cashback rebate program for Malaysian traders exclusively. This novel initiative enables traders to recover some of the trading fees or spreads they incur when executing orders on OctaFX’s platform.
Traders utilizing the MT4, MT5, and OctaTrader platforms are eligible for rebates ranging from $4.80 to $8 per lot under this unique program. Remarkably, these rebates are applicable regardless of whether traders generated profits or losses during their trades, which makes it all the more alluring.
In addition to the direct financial benefits, participants can earn a 5% loyalty bonus, significantly boosting their overall returns.
In addition, an attractive point-based reward system allows traders to earn points equal to 1% of their earned rebate. As a result, this program’s attractiveness and desirability are greatly enhanced by its dual benefit structure.
This innovative process is straightforward and traders receive weekly rebates deposited directly into their trading accounts. This guarantees the greatest convenience for users.
Importantly, traders have complete control over when and how much they wish to withdraw from their accumulated account balance; withdrawals can be made at their discretion based on the timeframe of the withdrawal option provided.
Are the cashback rebates on OctaFX applicable to both winning and losing trades?
Yes, OctaFX’s rebate program applies to all trades, regardless of profit or loss.
Are there any additional bonuses associated with OctaFX’s cashback rebates?
OctaFX provides a loyalty bonus, reward points, and cashback rebates, increasing the overall benefit for traders.
OctaFX Web Traffic Report
🌎 Global Rank | 19,685 |
🚩 Country Rank | 5,915 |
📈 Category Rank | 135 |
📉 Total Visits | 3.6 million |
📊 Bounce Rate | 60.94% |
3️⃣ Pages per Visit | 3.02 |
⏰ Average Duration of Visit | 00:02:52 |
OctaFX Geographic Reach and Limitations
OctaFX Current Expansion Focus
OctaFX is expanding across Africa, The United Kingdom, Hong Kong, Malaysia, Cyprus, Malaysia, and Thailand.
Countries not accepted by OctaFX
OctaFX does not accept clients from the United States.
Popularity among Malaysian traders who choose OctaFX
OctaFX is a well-regulated trading provider ranked among the top 40 Forex and CFD brokers for Malaysian traders.
Are there specific account features tailored to certain regions?
Yes, OctaFX provides features such as the Islamic Account, specifically designed for traders who adhere to Sharia Law principles.
How does OctaFX handle currency conversions for international traders?
OctaFX provides competitive currency conversion rates, ensuring that international traders incur minimal costs.
Best Countries by Traders
🔎 Country | 📉 Market Share |
🥇 India | 15.20% |
🥈 Malaysia | 11.07% |
🥉 Malaysia | 8.07% |
🏅 Italy | 7.98% |
🎖️ Serbia | 3.96% |
OctaFX vs BDSwiss vs Capital.com – A Comparison
🔎 Broker | 🥇 OctaFX | 🥈 BDSwiss | 🥉 Capital.com |
📈 Regulation | CySEC, SVG FSA | CySEC, FSC, BaFIN, FSA | FCA, ASIC, CySEC, NBRB, FSA |
💵 Withdrawal Fee | None | Yes, <100 EUR withdrawals | None |
🆓 Demo Account | ✅Yes | ✅Yes | ✅Yes |
💴 Min Deposit | 470 MYR | 47 MYR | 94 MYR |
📉 Spread | 0.6 pips | From 0.3 pips | Variable, from 0.6 pips |
💷 Commissions | None | $2 to $5 | None |
📊 Order Execution | Market | Instant/Market | Market |
🎁 No-Deposit Bonus | ✅Yes | None | None |
🪙 Cent Accounts | None | In Progress | None |
📌 Securities Commission of Malaysia (SCM)Regulation | None | None | None |
📍 MYR Deposits | None | None | Yes |
💹 MYR Account | None | None | None |
⏰ Customer Service Hours | 24/7 | 24/5 | 24/7 |
🔟 Retail Investor Accounts | 2 | 4 | 1 |
☪️ Islamic Account | ✅Yes | ✅Yes | No |
▶️ Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
⌚ Minimum Withdrawal Time | 30 minutes | 10 Minutes | Instant |
⏲️ Maximum Estimated Withdrawal Time | 3 hours | Between 7 to 10 days | Up to 3 Working Days |
💳 Instant Deposits and Instant Withdrawals | None | None | ✅Yes |
OctaFX Alternatives
🥇 AvaTrade, a well-known broker, provides a wide range of trading instruments. With a $100 minimum deposit, traders can gain access to a plethora of tools and resources to improve their trading experience. The broker offers a variety of platforms, including MetaTrader 4 and MetaTrader 5, to accommodate both novice and experienced traders. AvaTrade is well-known for its competitive spreads, which begin at 0.9 pips.
🥈 Pepperstone, founded in Melbourne in 2010, has carved a niche in the trading world. The broker requires a minimum deposit of $200, ensuring a wide range of traders can participate. Pepperstone provides a suite of advanced trading tools and platforms such as MetaTrader 4, MetaTrader 5, and cTrader. Tight spreads starting at 0.0 pips are available to traders. While the broker provides a commission-free standard account, the Razor account charges a $7 per round turn commission.
OctaFX Awards and Recognition
OctaFX received the following recent awards and recognition:
- ✅ Most Reliable Broker in Brazil (2025), awarded by World Finance.
- ✅ Most Secure Trading Platform in Singapore (2025), awarded by World Business Outlook.
- ✅ Broker with the Fastest Withdrawal in Singapore (2025), awarded by the International Business Magazine.
and many, MANY more!
Our Experience with OctaFX
OctaFX has established itself as a reputable forex broker in the industry. Many traders have shared their positive experiences, highlighting the broker’s commitment to providing a seamless trading environment.
The platform’s user-friendly interface and advanced trading tools have made it a preferred choice for novice and experienced traders.
Additionally, the broker’s competitive spreads and leverage options have been praised by many. However, like any broker, there are occasional mentions of technical glitches, but these seem to be the exception rather than the norm.
OctaFX Trading Platform
The OctaFX trading platform stands out for its intuitive design and robust features. Traders can access various instruments, including forex, cryptocurrencies, commodities, and indices.
The platform supports MetaTrader 4 and MetaTrader 5, catering to different trading styles and strategies. Users particularly appreciate the platform’s real-time charting tools, technical analysis features, and automated trading capabilities.
The mobile trading app has also received positive feedback for its functionality and ease of use, allowing traders to manage their portfolios on the go.
Quality of Customer Service
Customer service is crucial for any broker, and OctaFX seems to excel in this department. Most users have reported prompt and helpful responses from the customer support team.
The broker offers multiple communication channels, including live chat, email, and phone support, ensuring that traders’ queries are addressed efficiently. While most feedback is positive, there have been a few instances where users felt the need for more in-depth assistance.
Nonetheless, the overall sentiment indicates that OctaFX is dedicated to providing top-notch customer support, ensuring a smooth trading experience for its clients.
OctaFX Response Time
🔎 Support Channel | ⏰ Average Response Time | ⏱️ User-based Response Time |
☎️ Phone | 2 minutes | 5 minutes |
1 working day | Same-day | |
🥰 Live Chat | 5 minutes | 2 minutes |
📌 Social Media | 5 minutes | 10 minutes |
👍 Affiliate | 1 working day | Same-day |
Recommendations according to our in-depth review of OctaFX
Advanced Features and Tools
OctaTrader is a promising platform with room for growth. OctaFX should focus on adding advanced features and tools. These additions will attract more traders and improve the overall trading experience.
Features like advanced charting tools, real-time market data, and customizable interfaces can make OctaTrader stand out in the crowded trading platform market.
Diversify the Range of Trading Instruments
OctaFX offers a reasonable selection of trading instruments, including currency pairs, cryptocurrencies, commodities, and index CFDs.
However, to meet the diverse needs of traders and provide opportunities for portfolio diversification, OctaFX should consider expanding this range.
Adding more exotic currency pairs, additional cryptocurrencies, and niche commodities can attract traders looking for unique opportunities.
Enhance Educational Resources
While OctaFX provides educational resources like webinars, eBooks, and video tutorials, there’s always room for improvement.
To cater to both novice and experienced traders, OctaFX can add more advanced educational materials.
This could include in-depth technical analysis courses, trading psychology resources, and advanced strategies for seasoned traders. A comprehensive educational offering can help traders at all skill levels succeed.
To Further Develop Copy Trading
OctaFX’s recent upgrades to the copy trading service are commendable. However, OctaFX could consider adding additional features to make it more appealing. Customization options for copy trading settings can give traders more control over their strategies.
Allowing users to copy trades from multiple traders simultaneously can provide greater diversification and risk management options.
OctaFX Customer Reviews
🥇 Top Forex Broker!
OctaFX is among the top forex brokers in India and is highly trustworthy. For those considering starting trading, I recommend OctaFX due to its advanced educational offerings, which are free. Their customer service is exemplary. – Maxwell bin Rahim
🥈 Excellent for Beginners
OctaFX offers valuable educational materials, especially beneficial for beginners such as myself. The process for depositing funds is straightforward and convenient. – Zulkifli Wallace
🥉 Exceptional!
OctaFX stands out as an exceptional broker. While I would appreciate the addition of up to 1000 leverage, I hold OctaFX in higher regard than other brokers. Their genuine concern for their traders is evident, and their support system is commendable. The application interface is aesthetically pleasing, and I have no reservations about their services. – Harrison bin Mahfuz
Pros and Cons of Trading with OctaFX
✅ Pros | ❎ Cons |
Traders can access leverage of up to 1:500 on major instruments | There are limited account base currencies |
Two flexible account types cater to different clients | There is no regulation with a Tier-1 entity |
Traders can contact OctaFX 24/7 across multiple communication channels | OctaFX only provides two retail accounts |
In Conclusion
In our experience, OctaFX is a well-established forex broker that offers competitive trading conditions and an extensive range of tradable assets. The broker provides traders with a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform.
OctaFX is a reliable broker with a good reputation, as evidenced by its impressive rating of 4.4 stars out of 5 from users.
The broker has also undergone significant global growth over the past few years, serving customers across 100 countries and opening up around 300,000 accounts with an impressive daily volume of $4bn.
According to our research, OctaFX offers a range of educational resources, including webinars, eBooks, and video tutorials, to help traders improve their skills and knowledge.
The quality of OctaFX’s research material is a touch above what you’d typically find with the average broker. However, it still trails behind the rich content offered by the best brokers in this category.
Overall, OctaFX is an impressive broker that offers competitive fees, low spreads, advanced technology, and all on a global scale.
OctaFX Risk Warning and Disclaimer for Traders: Participating in financial market trading carries inherent risks that should not be overlooked. These markets are known for their instability, making it possible to experience sudden gains or losses without warning.
Traders from Malaysia must understand and acknowledge the fact that there is always a chance of suffering loss while aiming for potential profit.
Although trading presents prospects for significant returns, engaging vigilance by utilizing well-informed strategies and fully grasping the potential consequences beforehand is imperative.
Our Review Methodology: For each of our broker evaluations, we investigate, evaluate, analyze, and compare what we feel to be the most crucial criteria to consider when selecting a broker.
Based on our findings, this evaluation comprises positives, disadvantages, and an overall score. We want to assist you in locating the ideal broker for your requirements.
Our broker review should not be considered financial advice. However, traders are urged to seek professional financial advice before making investment decisions.
Addendum/Disclosure: No matter how diligently we strive to maintain accuracy, the forex market is volatile and may change anytime, even if the information supplied is correct when going live.
Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all Malaysian investors.
Before engaging in foreign currency or Contract for Difference (CFD) trading, you must evaluate your investing goals, expertise, appetite for risk, and willingness to be exposed to risk. In addition, you should not start investing capital you cannot afford to lose because you could lose part of your original investment.
Frequently Asked Questions
How do I verify my OctaFX account?
You must complete the KYC procedures and provide the documents in the Personal Area to verify your OctaFX account.
What is the OctaFX minimum deposit?
The minimum deposit to register an OctaFX account is $100 / 470 MYR.
Which platforms does OctaFX offer?
OctaFX offers MT4, MT5, cTrader, and its own OctaTrader web platform.
Does OctaFX have Nasdaq 100?
Yes, OctaFX includes Nasdaq as a Contract for Difference on Indices.
What market analysis does OctaFX offer?
OctaFX provides various market analysis services, such as daily market updates, technical analysis, and economic news.
How fast is OctaFX’s order execution?
OctaFX executes orders quickly, with an average execution time of 0.1 seconds.
Is OctaFX Safe or a Scam?
OctaFX is a trustworthy broker, boasting an impressive trust score of 79%.
What security measures does OctaFX have in place?
OctaFX protects its clients’ personal and financial information with SSL encryption. To increase security, the broker also provides two-factor authentication.
Is OctaFX regulated?
Yes, OctaFX is regulated by the FSA, FSCA, and CySEC.
How long does it take to withdraw from OctaFX?
It takes 5 minutes to three hours to complete a withdrawal from OctaFX. Nevertheless, there have been instances where users experienced extended waiting periods for their withdrawals.
Does OctaFX have VIX 75?
No, currently, OctaFX does not provide the option to trade the Volatility 75 Index.