The developer, OctaFX, indicated that the app’s privacy practices may include handling of data as described below.
How much brokerage does OctaFX charge?
Overview of Octa Fees and Charges
Octa maintains a commission-free trading environment in both of its account types. The minimum Octa fees for Forex traders start from 0.6 pips or $6.00 per 1.0 standard lot, but the average cost for major currency pairs is closer to 1.0 pips or $10.00.
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.
Customer Service
- Still, the lack of non-trading fees and its universal swap-free structure give it a significant edge for traders who hold positions overnight.
- It also offers support via email and has developed a FAQ section for more general questions.
- OCTA provides Islamic accounts for swap-free trading under Shariah Law.
- Beyond trading platforms, Octa offersplenty of educational resources and complementary tools for the trader.
- The OctaTrader platform combines a sleek design with detailed, easily scalable charts, making it a great fit for day traders.
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.
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Commodities and indices also came in on the pricier side, with crude oil, the German DAX, and the US 30 index showing particularly elevated spreads. When broken down by asset class and compared to the industry average, OCTA delivers low spreads on share CFDs and average spreads on Bitcoin. I tested OCTA’s spreads on 5 August 2025 during the London and New York opens. On the downside, its spreads vary widely, ranging from tight on EURUSD and share CFDs to high on commodities and indices. I checked OCTA’s numbers and discovered that the broker has been operational for 14 years and employs over 700 professionals globally, according to its LinkedIn page. In our Trust category, we assess how stable and transparent a broker is.
In terms of tools, traders can choose the most convenient platform among OctaTrader, MT4, and MT5. This wide range of offerings, plus the copy trading services, makes tools and resources thehighest-rated category in our review. While automated trading and scalping are all supported, one limitation noted was MT4’s handling of partial position closes, an issue that is seamlessly addressed when using Octa’s own app. Traders can choose among three account types (OctaTrader, MetaTrader 4, and MetaTrader 5), all swap-free and compatible with scalping, hedging, and copy trading. In addition, Octa provides extra services to its clients, including educational content, relevant information, bonuses, and customer support, which are readily available to resolve any issues.
The Importance of Learning Analysis
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.
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Octa is geared towards beginner and intermediate traders, providing platforms such as MetaTrader 4, MetaTrader 5, and its proprietary OctaTrader. Octa offers trading across multiple asset classes, including Forex, commodities, cryptocurrencies, stocks, and indices. Octa is an international broker ideal for traders looking to operate under competitive conditions.
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OCTA offers 260 CFD instruments across currency pairs, commodities, shares, indices, and cryptocurrencies. I appreciated that the app also offers access to OCTA’s massive library of past webinars, allowing newbies to learn hands-off even while on the go. It supports one-tap trading, watchlist customization, and trading alerts.
An array of trading metrics
Can I trade with $1 on OctaFX?
The current minimum deposit for the OctaFX Micro Account is 20 USD. This amount is considered sufficient for new traders to begin trading live while maintaining manageable risk.
This is a distinct characteristic that avoids surprises, which are mostly negative for traders, especially on certain https://lunarcapital.world/ days when swaps can be doubled. Notably, they do not charge or pay swap fees. Regarding trading conditions, spreads are at the industry level. For new traders, this could incentivize overtrading. Octa offers the basics and more to retail traders. Octa offers 24/7 customer support via live chat in six languages.
Track, analyze, optimize your trading performance. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. Overall, OCTA’s offering is well-suited for long-term traders, investors, day traders, and copy traders alike. While spreads on EURUSD and share CFDs are impressively tight, costs on commodities and indices—especially crude oil—are noticeably higher than average.
Portfolio tracker & watchlists
- Information on these pages contains forward-looking statements that involve risks and uncertainties.
- However, not all platforms have the same instruments available for trading.
- Octa is geared towards beginner and intermediate traders, providing platforms such as MetaTrader 4, MetaTrader 5, and its proprietary OctaTrader.
- Our reach makes financial markets accessible to traders worldwide.
- No dedicated account managers are assigned, but most queries can be resolved directly through the chat service.
We exist to make financial markets accessible for everyone. We help traders make the most profitable trading decisions. Only risk capital should be used for trading. Trademetria is also an accounting system, but made for traders and investors. Say goodbye to those cumbersome trading spreadsheet. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.
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 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.
No swaps on MT4 and MT5
OCTA also supports the popular MT4 and MT5 platforms, both of which are ideal for algorithmic trading. Deposits and withdrawals are also free of charge with the broker, though third-party processing fees may apply. Some regulators enforce stricter financial standards than others, so traders should understand the safety measures of the entity with which they choose to open an account. On the other hand, OCTA does not provide Virtual Private Server (VPS) hosting for low-latency trading or Cent accounts for algo testing.
It’s packed with AI-powered insights and educational webinars, and also comes in a mobile version for trading on the go. OCTA’s flagship OctaTrader platform combines sleek, high-definition charts with built-in market research. However, during my tests, I found that spreads on some popular instruments were higher than the industry average. I appreciate that OCTA displays live spread data on its website so visitors can quickly assess the broker’s fee competitiveness and transparency. OCTA has developed a sophisticated OctaTrader platform integrated with AI-powered market research.
I was most impressed by OCTA’s AI-powered market research and comprehensive educational content. Octa is an online currency trading brokerage.Octa uses up-to-date technology and knowledge to improve the forex trading experience. Matías started in financial markets in 2008, after graduating in Economics. Opening a trading account with Octa is a straightforward process that can be completed online.
The ‘OctaVision’ AI tool helps traders track their performance LunarCapital cheating and learn from their mistakes. This makes OCTA an attractive option for traders who hold positions overnight. All available assets are swap-free, with no hidden costs or extra commissions. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates.
The app can also be used to place market, limit, and stop orders and adjust the exposure of your open trades. The OCTA mobile app is available on iOS and Android, enabling quick and easy access to the market on the go. The ‘Space’ and ‘OctaVision’ tools are nice additions, greatly enhancing the platform’s capabilities. The OctaTrader platform is available on most browsers and supports 13 languages, including English, French, Spanish, Portuguese, and more. ‘Space’ represents an all-in-one research tool, including actionable trading ideas, AI-generated signals, market news, technical breakdowns, and more. I tested the OctaTrader web platform and was impressed by its seamless design, high-definition charts, and, especially, its ‘Space’ and ‘OctaVision’ features.
OCTA has also created a detailed 11-lesson video course that dives deeper into core areas like chart analysis, market fundamentals, and building the right trading mindset. Fresh webinars are published regularly in English, Malay, Thai, Spanish, and Portuguese, catering to all experience levels—from first-time traders to market veterans. Its library is packed with webinars, videos, articles, and courses covering everything from technical and fundamental analysis to trading psychology and risk management. OCTA delivers a well-rounded and diverse educational hub, giving beginners a complete 360° view of the trading world. I liked its innovative market trackers, sophisticated market breakdowns, and featured trading ideas.