The developer has not yet indicated which accessibility features this app supports. Our online trading app enhances your trading experience by providing financial flexibility as you trade with your money online. The Octa trading app enables you to trade different assets on embedded trading platforms. We measure success by the cost-effective trading conditions we provide and by success stories our traders share.
The broker does not impose a handling fee on deposits or withdrawals, though third-party banking fees may apply. I appreciated that the app is packed with advanced market analytics, helping traders spot potential opportunities even on the go. In my estimation, OctaTrader is a great fit for technical and day traders looking to scoop the next best trading opportunity, thanks to featured trading signals and market breakdowns.
Fees
Since markets are constantly changing, it’s crucial to keep your skills sharp without risking real money. When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. It also offers support via email and has developed a FAQ section for more general questions.
Track your performance on the exchange while trading commodities and more popular instruments.Trade online with millions around the globe now! Select a real account you want to deposit. You have your demo account active now. Our trading conditions speak for themselves Every year we improve our conditions to make your trading journey easier. Monitor outcomes for individual legs and spreads.
Compared to the industry average, OCTA offers a low number of indices, an average amount of currency pairs, commodities, and share CFDs, and a high number of cryptocurrencies. However, OCTA does not offer low-risk securities such as ETFs or bonds. I also like how OCTA caters to beginners by integrating past webinars directly into the app.
Account conditions
The broker’s YouTube channel hosts over 400 educational videos and past webinars, tackling topics as simple as the ABCs of trading and as complex as Elliott Wave strategies. OCTA offers top-notch market research for a streamlined trading experience. OCTA stands out in the research category with a rich set of in-house tools, including daily market overviews, an economic calendar, and featured trading signals. All accounts come with a low $25 minimum deposit, making them accessible to most traders. Stock trading is only available through the MetaTrader 5 account, while Expert Advisors (EAs) can be used on both MetaTrader 4 and MetaTrader 5 accounts.
Can I withdraw money from OctaFX?
You can only withdraw money after verifying your profile—this is required by law. Log in to your Personal Area on our site. Further actions depend on whether you want to withdraw money from your Wallet or your trading account.
Entry and exit points on a chart
Concerning OCTA’s drawbacks, I would single out its high crude oil spread and lack of a raw spread account. Traders can engage with 273 CFD instruments and 100+ US stocks for value investing. Another great perk is its streamlined OctaTrader platform, which is available as a pleasant alternative to MetaTrader 4 and MetaTrader 5. LinkedIn is better on the app This said, we are working hard to further improve our services. We aim to set the superior standard of service and maintain it to the highest level, while constantly developing new services and promotions.Octa is indeed a client-oriented company.
The OctaTrader platform combines a sleek design with detailed, easily scalable charts, making it a great fit for day traders. The offering could be even better if OCTA adds some low-risk securities, such as ETFs or bonds, which are typically preferred by swing traders. To achieve this, we evaluate the availability of the necessary features and tools. When reviewing a broker, we assess whether it suits different trading strategies and trader profiles. Notwithstanding the areas in which OCTA is yet to make improvements, I deem the broker an excellent fit for long-term traders, investors, day traders, and copy traders.
- Octa offers trading across multiple asset classes, including Forex, commodities, cryptocurrencies, stocks, and indices.
- I liked its innovative market trackers, sophisticated market breakdowns, and featured trading ideas.
- Octa offers 24/7 customer support via live chat in six languages.
- I tested the OctaTrader web platform and was impressed by its seamless design, high-definition charts, and, especially, its ‘Space’ and ‘OctaVision’ features.
When stacked against competitors, OCTA lands in the mid-range for fees. OCTA, founded in 2011 and headquartered in the Comoros, sets itself apart with a trader-focused, innovative approach. This rich video content is complemented by 70+ written articles on the OCTA website, giving traders multiple ways to learn. While it doesn’t provide third-party research, the in-house content is more than sufficient for keeping up with market movements.
Is OctaFX a broker?
OctaFX is widely known as one of the most beginner-friendly brokers because it provides: A very clean and user-friendly interface. Easy account setup. Quick verification.
Essentially, the broker lends the trader money so that they can open bigger positions. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage. In many ways, I found it to be a more efficient and reliable option than traditional human agent support. It lacks low-risk securities like ETFs and bonds, as well as alternative contracts such as vanilla options and futures. While adequate for most retail traders, OCTA’s instrument lineup is fairly limited compared to competitors. You can jump in or out of the market quickly to take advantage of even the smallest price changes.
- The mobile app offers a rich experience, with full control over accounts, attractive charts, and extra tools.
- When we review brokers, we look at the licenses held by each of their entities to understand how well they protect clients.
- Compared to the industry average, OCTA offers a low number of indices, an average amount of currency pairs, commodities, and share CFDs, and a high number of cryptocurrencies.
- Essentially, the broker lends the trader money so that they can open bigger positions.
- To access those, a trader’s account must be funded with at least $10,000.
When opening an account, you have the option to select your leverage level. Opening an account is fast and straightforward, and deposits and withdrawals are also quick and fee-free. The account opening process is fast, completed within minutes.
The OCTA app retains the versatility and functionality of its web version. I enjoyed using the OctaTrader platform because of its user-friendly design and high-definition charts. However, its analytical tools and chart configurations are very limited. The platform is also suitable for beginners who can track their progress and learn from their mistakes using https://lunarcapital.team/ the ‘OctaVision’ tool. The great thing about the ‘Space’ feature is that it lets users copy trading signals directly from the chart, making it easier to act on insights quickly and make informed trading decisions.
The OctaTrader platform launch
The broker offers a low minimum deposit ($25 for most methods or around $50 in crypto) combined with zero deposit, withdrawal, swap, or inactivity fees while spreads align with industry standards. Still, the lack of non-trading fees and its universal swap-free structure give it a significant edge for traders who hold positions overnight. The broker’s policy of offering swap-free trading on all instruments, at no extra cost, is a rare advantage in the industry.
However, the broker charges mixed spreads that may that may reduce profit margins for active traders. On the other hand, the broker charges elevated spreads on instruments from certain asset classes, including crude oil and indices. The OctaTrader platform is integrated with the ‘Space’ section, which includes advanced market analytics and actionable trading signals that can be copied directly on the chart.
OCTA offers a demo account that lets traders explore the broker’s available platforms and test their strategies in a risk-free environment. Other standout features include the broker’s comprehensive educational offering and swap-free trading on all instruments. We’re helping traders build stronger futures by offering a wide variety of educational articles and LunarCapital cheating videos, insights from which can be applied to our unlimited demo accounts.
Cryptocurrency leverage increased
It also facilitates copy trading services and offers extensive educational materials. It offers high leverage, a diverse range of instruments, and user-friendly trading platforms. Our reach makes financial markets accessible to traders worldwide.
OCTA Trading App
To learn more about the most important safety mechanisms and how they apply to you, click here. When we review brokers, we look at the licenses held by each of their entities to understand how well they protect clients. To access those, a trader’s account must be funded with at least $10,000. Automated trading is available on MT4 and MT5 via Expert Advisors (EAs). It also integrates actionable trading signals for more informed decisions.
What our clients say about trading with us
Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. Information on these pages contains forward-looking statements that involve risks and uncertainties. After many years of also covering international politics, he has become an expert in markets who combines technical and fundamental perspectives. A status program is offered where clients, based on their deposited funds, can access different levels that provide enhanced services. At the same time, it can be limited to lower levels, which can be useful for new traders or those who wish to limit the size of their trades.
OCTA doesn’t charge swap fees for all available instruments, so you can trade overnight at no extra cost. The 50% bonus is more applicable to experienced traders or those confident in a long-term relationship with the broker. However, not all platforms have the same instruments available for trading. With the mobile Octa app, you can manage all accounts without downloading MT4 and MT5 on your phone.
To enhance trust, Octa keeps client funds in segregated accounts and providesnegative balance protection. Octa provides traders with access to a broad offering of over 300 instruments. Additionally, the broker provides promotions and bonus programs, along with 24/7 customer support, aiming to enhance the overall user experience and sustain its global presence.
Data Used to Track You
On the plus side, the broker offers swap-free trading and doesn’t charge any non-trading fees. On the plus side, it offers swap-free trading on all instruments, charges no inactivity fees, and doesn’t tack on handling fees for deposits or withdrawals. OCTA has also carved a reputation for itself as a broker that offers swap-free trading for all available instruments and at no extra cost. The mobile app offers a rich experience, with full control over accounts, attractive charts, and extra tools. Beyond trading platforms, Octa offersplenty of educational resources and complementary tools for the trader.
No dedicated account managers are assigned, but most queries can be resolved directly through the chat service. Octa provides an environment designed to accommodate a wide range of traders. One key factor distinguishing Octa is that it does not charge swaps. Privacy practices may vary based, for example, on the features you use or your age.
OCTA provides Islamic accounts for swap-free trading under Shariah Law. The OctaTrader account offers the best overall conditions of the bunch, but it doesn’t support algorithmic or stock trading. The main difference between OCTA’s accounts lies in the trading platform they use. I opened an OctaTrader account with the OCTA Markets Ltd entity and performed my tests on the OctaTrader platform and Octa trading app. They can also benefit from OCTA’s robust market research, layered educational content, and user-friendly trading platform. Octa supports trading through MetaTrader 4 and 5 alongside its proprietary OctaTrader web platform and the dedicated Octa Copytrading app.
