FXBrokerTrust
OctaFX

OctaFX

Compliant
Company Name
OctaFX
Headquarters
Cyprus
Founded
Founded in 2011
  • CySEC
  • FSA
  • FSC
Overall Score
7.5/10
Min Deposit
$25
Max Leverage
1:500
EUR/USD Spread
0.4 pips
Trading Platforms
MT4, MT5, OctaTrader
Withdrawal Speed
1-2 business days

Overview

OctaFX is a Cyprus-based forex and CFD broker founded in 2011. Regulated by CySEC, FSA(Seychelles), and FSC(Mauritius), OctaFX is known for its popular trading contests, copy trading features, swap-free Islamic accounts, and its strong focus on serving traders in Asia including a significant Chinese client base.

Basic Information

Company Name
OctaFX
Founded
Headquarters
Cyprus
Official Website
https://www.octafx.com
Instruments
Forex, CFD, Indices, Commodities, Cryptocurrencies
Account Types
Micro, Pro, ECN

Regulation

Regulatory licenses and compliance status of this broker

  • CySECVerified

    CySEC · License Number CySEC 372/18

  • FSAVerified

    FSA · License Number SD029

  • FSCVerified

    FSC · License Number C118022546

Trading Conditions

Trading Conditions

Min Deposit
$25
Max Leverage
1:500
EUR/USD Spread
0.4 pips
Trading Platforms
MT4, MT5, OctaTrader
Account Types
Micro, Pro, ECN

Deposits & Withdrawals

Deposit Methods

  • Bank Transfer
  • Credit/Debit Card
  • Skrill
  • Neteller
  • UnionPay
Deposit SpeedInstant
Deposit FeeFree

Withdrawal Methods

  • Bank Transfer
  • Credit/Debit Card
  • Skrill
  • Neteller
Withdrawal Speed1-2 business days
Withdrawal FeeFree

Scoring Details

Regulatory QualificationWeight 30%
7.0
Trading EnvironmentWeight 20%
7.8
Fund SafetyWeight 15%
7.0
User ReputationWeight 15%
7.5
Platform FeaturesWeight 10%
7.5
Customer ServiceWeight 10%
7.8

Pros & Cons

Pros

  • Free copy trading with verified signal providers
  • Regular trading contests with cash prizes
  • Islamic swap-free accounts available
  • Multiple regulatory licenses (CySEC)
  • Fast execution with no requotes

Cons

  • Limited product range (no shares or ETFs)
  • No proprietary desktop platform
  • Some regulatory entities are offshore
  • Research and educational content could be improved
  • No cTrader platform available