155 reviews of OctaFX are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
I am very satisfied to trade with octafx they gave me $8 instant no deposit bonus , and help me to verify my documents in short period of time
there live chat service is great they will always there for your query's . I will recommend this broker to every new wannabe trader to learn and experience trading.
A new breed of online Forex broker, OctaFX is an award winning ECN/STP broker that is based in Saint Vincent and the Grenadines.
No doubt, the rapid growth of this broker could be attributed to the high quality services which the broker is providing its clients with.
OctaFX recognizes that its clients is it most valuable asset and hence strive for perfection.
“Perfectionism in its best sense, professionalism and goal-orientation is what distinguishes the OctaFX team”,
said the CEO of the parent company, Octa Markets Incorporated.OctaFX main trading platform is the industry standard MetaTrader 4 (MT4).
Highly customizable and stable, the trading platform is fully equipped with various technicatools designed to make the trader’s job in analyzing the market easier.
The MT4 trading platform is also available for mobiles devices like iPhones, Android and Window Powered mobile devices.
All features of the standard version of MT4 trading platform is also available on the mobile version.
OctaFX more intense in the future and more and more traders will be incorporated in OctaFX.
very good broker! conditions of trading micro account are approaching an ECN account. I did a few weeks more than 1000% bonus with $8 ($97.58). And not traded much actually went well slacker with this account, could have done more. Very good opportunity to start with a micro account bonus and withdraw your earnings to deposit in an ECN account with this broker.
i got $8 from octaf as a bonus and also complete 2 lots.
no requote, fast respond and real market..
OctaFX is the best broker in the world
Thank's for the service bonuses that have been awarded. It's very helpful for newbies like me to plunge into the real world of forex trading. OctaFX is the best broker.
octafx is the best broker for me.. here has low spreed,high execution and no re quot..
OctaFX very best, can provide benefits, as a beginner I just love to play in octax, best OctaFX unmatched
one of the best broker in the market
welcome bonus of $ 8 is given by OctaFX very helpful to me in trading. and can sy ma kelolah until now I pull up to $ 80
thanks to octafx for no deposit bonus $8.with spread very little, i can trade better
Octafx is a big scammer. They want earn money only from the traders. They are not also ECN. Big Scam Market Maker.
First their SWAP FREE Accounts,
I was opened a swap free account in Octafx and trade with them. In SWAP FREE accounts swaps will not be added. But after few days, I closed my orders they were added commission. The commission is same as swap. But it is invisible in MT4 untill, I close my orders. I ask them why swaps are added in the name of commission in swap free accounts. They replied cool, swap free accounts made for Muslim religious and their is no difference between swap free accounts and other accounts. This is first cheating. They advertise swap free accounts available in Octafx is only attract the clients. The SWAP FREE accounts are fake.
Second thing their re-quotes.
They are said the accounts are not re-quotes. But, the pending orders opened with re-quotes in the name of started/gap. ie. the buy stop orders were opened with higher price and sell stop orders quoted opened with lower price from the quoted price. Also sell limit orders opened with lower price and buy limit orders were opened in higher price. It causing the profit and give loss to the traders. This is one type of cheating with re-quotes.
The third big scam.
Their ib programs. The ib rates are vary with the no. of clients. also they give $15. for the ibs those who have more than 100 clients. All the brokers are earning money in the pip difference only and they give IB commission less than the pip difference. ie. the broker earn 10$ for one lot with one pip difference pair.(This is average). In the 10 $ they will give 5 $. It is possible to give. But in Octafx many pairs having less than one. So they will earn less than 10$ per lot. But they give 15$ IB commission, for the IBs those having morethan 100 clients. In this condition, the excess amount to give IB commission will be coming from where?. This shows they will attract more clients with attractive announcements and close the website after getting t a big money from them.
But, I don't think about the above conditions, I was trading with Octafx for past 3 months with an IB. The IB transfer the IB commission on every monday. Until last week (ie.16.02.2014) i got the IB revenue from that IB. So, I traded more lots in last week with high tension of mind same as previous trading and expect to receive my IB commission on Monday. But on Monday (ie.24.02.2014) I can't get my IB commission. I contact my IB, why I am not received my IB commission. The IB told Octafx remove your account from my IB due to hedged trading, so I am not unable to transfer money to your account. What a big scam, I traded last week as well as my previous trading. They gave IB commission until last week. But this week they are updating their rules for IB commission ie. hedged trading will not eligible for IB commission. I accept their update, but they can't give information about that update. If they are genuine they gave the earned money and giving a information about the trading strategy will not accept for IB commission in future. How we believe this type of cheaters. If after earning more money they with hold the profit by updating their rules, what can we do?.
finally, i closed 2 lot on my 8 dollar welcome bonus. i very satisfied with it is lighting fast execution. i always get a better price available at the market and moreover i love the spread.
Thank you octa fx to proceed my withdrawal ...
After seeing that I can't trade as I thought, as a newbie, I wanted to close my account. Opened ticket TWICE, proceeded as they told me, but my account still active and eToro spamming me with emails.
Also, I don't see where to know my account number. So weird.
Scam,i didnt received my money in MB they give 8$ wich you cannot withdrawl, gave broken links to put feedback wich doesnt work,, can waste whole day registering accounts doesnt works.. to be able to take YOUR OWN money. I dont recommend! Will be very nice if is posible to have the money i put in account... SCAM
i love this company ..pips are very less and gives a great offers ..its one of the best company i am involved in ..thank you octafx
Octafx is a great opportunity for newbie. As a new bie we can trade here without any investment. Because A great system of Octafx is welcome bonus account. So octaFx is great i will invest in micro account of it.
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