OctaFX (now rebranded as Octa) offers traders a basic MetaTrader platform experience at a low cost. The broker also provides a reliable platform for copy trading and its proprietary OctaTrader web trading.
Through innovation, OctaFx has made significant strides in its web platform and the development of new educational content. However, it offers a limited variety of tradeable assets compared to prominent multi-asset brokers.
For this TRU insight, we’ll explain how OctaFX trading may best suit you if you’re new to trading and live in a region area that requires support in non-English languages, like Southeast Asia.
Overview
- OctaFX (now known as Octa) is a multi-regulated broker. It carries licenses from the Mwali International Services Authority (MISA), the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Commission (FSC), and the Financial Sector Conduct Authority (FSCA).
- Octa is an online broker that has been in operation globally since 2011. It offers 257 trading instruments, including forex currency pairs, precious metals, indices, and cryptocurrencies.
- This broker offers free educational resources, including articles, webinars, and advanced analytical tools.
What is OctaFX?
Since its launch in 2011, Octa has been offering clients a diverse range of trading options with low initial deposits.
It has been a recipient of numerous industry awards for its stellar online trading platforms and services.
The OctaFX trading platform is well-suited for both beginners and intermediate traders. It has a beginner-friendly platform, low minimum deposit requirements, and educational resources.
It also offers comprehensive trading features and tools that you can use to improve your trading strategies. Additionally, traders can benefit from expert customer support to help resolve and address potential challenges they may face.
In 2024, OctaFX developed significant improvements to OctaTrader through its Space module for technical analysis. It also added an AI-powered Octavision module for performance analytics.
OctaFX continues to offer swap-free and Sharia-compliant trading accounts for Islamic traders. To protect larger investment amounts from excessive leverage, the account balance determines the margin tier.
Related: Islamic Trading: Is Halal Forex Trading Possible in 2025
Fees
Pricing has been a challenge for OctaFX in recent years, but they have made significant improvements in this area and now rank among the lowest-cost MetaTrader brokers.
Octa also has no slippage on 97.5% of its orders and no overnight carry costs. However, they place restrictions on high-frequency traders.
Account Types
The fees you pay at OctaFX depend on your chosen account type and the entity that regulates your account.
European clients are under Octa’s EU entity, whereas international clients will choose either Octa’s offshore entity in Mwali or their entity in South Africa.
EU clients are limited to a single account on MT5, while foreign entities offer accounts on both MT4 and MT5, as well as OctaTrader.
Spreads
Octa’s spread prices will depend on the entities that regulate the trader’s account. OctaFX does not give a date range for the typical spread listed on the broker’s website. As a result, the values do not have as much importance as spreads with corresponding date references.
Overall, Octa has improved its pricing and maintains its status as one of the lowest-cost MetaTrader brokers.
OctaFX Accounts
OctaFX offers two trading accounts, both with very low costs but also with restrictive leverage rules. Each account is linked to a separate trading platform, but they are otherwise similar.
Octa’s MT4 and MT5 accounts require a 25 USD minimum deposit. Fees are the same on both these accounts, and their spreads start at 0.6 pips (EUR/USD). Since other brokers’ spreads tend to be around 1 pip for EUR/USD, Octa is regarded as one of the lowest-cost brokers in the industry.
When it comes to leverage, Octa implements some strict rules. For example, traders can only change their leverage levels once every 24 hours. An increase in investment capital would also mean their leverage decreases.
Let’s see what these swap-free accounts are:
MT4 Account
Octa’s MetaTrader 4 (MT4) account requires a minimum deposit of 25 USD, with no commission fees charged on trades.
Its spreads begin at 0.6 pips (EUR/USD) and average at 0.7 pips, which is a tighter spread compared to similar brokers.
For forex trading, the leverage is up to 500:1, and the margin call/stop out lands on 25%/15%.
Although equities are not available on the MT4 account, traders can trade indices, metals, and cryptocurrencies in addition to forex.
MT5 Account
Similar to the MT4 account, the MetaTrader 5 (MT5) account’s minimum deposit is $25.
Its spread also starts at 0.6 pips and averages at 0.7 pips on EUR/USD, and the account does not charge commissions.
Some of the additional features in the MetaTrader 5 platform include:
- an integrated economic calendar
- market depth
- full-size tick charts
With this account, traders can access OctaFX’s full range of financial instruments.
Other Trading Accounts
OctaFX is mainly considered a MetaTrader broker since it offers MetaQuotes Software Corp’s MT4 and MT5.
However, Octa also offers access to other trading platforms, such as:
OctaTrader
OctaFX’s proprietary OctaTrader web platform offers a simple trading experience. It provides the basics for essential trading operations without any unnecessary features.
OctaTrader continues to make notable progress yearly. One of its popular additions is its Vision module, which integrates technical analysis into dedicated social feed posts and charts
Octa’s AI-powered performance analytics, Octa Vision, also garners attention. OctaFX offers the ability to trade directly within the chart and to modify stop-loss and limit orders.
Copy Trading
OctaFX offers a copy trading web interface that connects to its MT4 platform. Its copy trading platform is free, allowing novice traders to copy the trading styles of successful, experienced traders for a small fee per traded lot.
To do this, traders simply need to find the Strategy Providers they want to follow and select “Copy.” This allows the positions to be copied automatically.
OctaFX’s copy trading service is well-designed and user-friendly. Traders can access the platform’s functions through the OctaFX app.
OctaFX Trading and Market Analysis Tools
Besides industry standards like Trading Calculators, Profit, and Economic Calendar, Octa also provides the following tools and features for analysis and trading:
Account Monitoring Tool
The account monitoring tool enables traders to monitor their OctaFX accounts and sort them by gains, balance, account type, and trades.
Using this tool, you can view the history of an account and learn how the account holder manages their success in the field.
Numbers represent accounts, so all OctaFX account holders remain anonymous.
Autochartist
OctaFX also features an industry-standard trading signals provider, Autochartist.
Autochartist provides automated alerts for opening and closing trades. This volatility analysis tool enables traders to optimize take-profit and stop-loss levels and offers integrated market reports.
You can find Autochartist on both MetaTrader 4 (MT4) and MetaTrader 5 (MT5). It is available for a minimum balance of $500 in your Octa account.
Related: What Is Autochartists and How to Install It to MT5 in 2025
Market Insights
Octa has an excellent Market Insights section that is frequently updated. Their regular posts include a daily forecast, a daily review, and a weekly review.
These posts offer predictions on future market events. Although this comes as a convenience, it’s still necessary for you to do your research before deciding based on any predictions.
Forex News
OctaFX hosts a Forex News section where they provide short briefings on major news stories that involve the forex market. They update this section’s articles over the weekend and ensure they are well-written and concise.
These briefings do not include any predictions on how the events will impact the markets.
OctaFX Educational Materials
Octa offers educational materials that are more comprehensive than those available from other brokers.
Tiger Academy
OctaFX launched tiger.com (formerly known as tradingtiger.pro), an online trading academy catering to novice traders.
The site includes a range of short tutorials covering everything from forex basics to market predictions. These tutorials comprise video and text that is easy to grasp.
The entire website is free, and learners are tested frequently on the material. Overall, it is an excellent resource material for beginners.
Forex Basics
On OctaFX’s main website, there is an education section that includes a collection of articles collectively referred to as Forex Basics.
Forex Basics covers a range of topics, including explanations of ECN trading and risk management, as well as trading strategies and technical analysis. OctaFX also offers advanced concepts, such as pair correlations and Fibonacci retracements.
Both novice and intermediate traders can benefit from the valuable advice offered in these articles.
Tutorials
You can also find a short Tutorial section on their main website. This section contains tutorials on the MetaTrader platforms, Autochartist, CopyTrading, and CFDs.
OctaFX also offers a Video Tutorial section that focuses on the know-how of trading with MetaTrader.
Finally, their website also houses an FAQ section and a glossary of forex trading terms. You can also find links to manuals on MT4 and MT5 platforms in their education section.
What are Some Cons of Using Octa?
Although OctaFX is considered an average-risk broker, it is not publicly traded and does not operate as a bank.
Clients from OctaFX’s Mwali entity do not have the same regulatory protection MISA offers to more trusted and established jurisdictions.
OctaFX also does not permit arbitrage. Suppose the expert advisors (EA) have over 30 requests per minute on MetaTrader 4. In this case, your trading robot will be more likely to be banned.
The other trading platforms on OctaFX also only have a narrow selection of tradable symbols, with MetaTrader 5 having over 230 while OctaTrader has 80 symbols available.
Octa continues to expand its market research efforts with the launch of OctaBlog. However, it still struggles to compete with other brokers. Compared to the best brokers, Octa lacks frequent updates across their categories.
While MT4 and MT5 platforms continue to be a part of OctaFX, the cTrader is no longer available on the OctaFX broker platform.
Related: TradersUnited – cTrader vs. MT4: Is cTrader Better than MT4
Is OctaFX Safe?
Octa is a high-risk broker with a good reputation. It complies with the necessary regulations and takes effective measures to ensure its clients’ funds are safe.
Regulation
OctaFX is regulated by the European Tier-1 regulator, Cyprus Securities and Exchange Commission (CySEC).
The OctaFX broker also holds several internationally recognized licenses, including those from the Financial Sector Conduct Authority (FSCA) in South Africa, CySEC in Cyprus, and the MWALI International Services Authority (MISA) in the Comoros.
Client Fund Security
OctaFX segregates all funds from its operating capital. This segregation ensures that their clients’ funds are safe in the event of unforeseen company issues. It also means that their clients’ money will not be used for unauthorized purposes.
OctaFX also offers negative balance protection to its clients. They do not have regulatory oversight, thanks to regulations provided by authorities such as the Financial Services Commission.
As a result, traders can enjoy higher leverage and bonuses, which may appeal to many traders.
Fraud Protection
OctaFX implements advanced encryption technology as a fraud prevention tactic. It ensures that financial transactions and sensitive data are well-protected. They also employ strong authentication procedures to prevent unauthorized access.
Ready to Trade with OctaFX?
OctaFX is an excellent broker across multiple asset classes. Its trading costs are among the lowest in the market, and it does not have swap fees.
Thanks to its cutting-edge OctaTrader platform, OctaFX establishes itself as an excellent proprietary trading platform.
Among the best features of the OctaFX broker are its very low trading costs, no deposit and withdrawal fees, and excellent copy trading service.
Its downside could be attributed to the limited range of assets available for OctaFX trading, which includes 35 forex pairs, 30 cryptocurrencies, 10 indices, and five commodities.
If you don’t mind these issues, OctaFX is an ideal choice as a low-cost broker with a standard setup. You can enjoy a slick mobile OctaFX app and a good range of trading tools.
Plus, you’ll also get to receive a wide range of bonuses and a good leverage of 1:000 on forex pairs.
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FAQs
What is the minimum deposit for OctaFX?
Opening an account on OctaFX is free. Maintaining your account is also easy since OctaFX does not charge deposit fees.
However, Octa requires a minimum deposit amount of $25, depending on your preferred payment method.
What type of broker is OctaFX?
Octa is a multi-asset CFD broker worldwide. As mentioned on their website, OctaFX has opened over 21 million trading accounts across 180 countries.
This broker offers a variety of 250 CFDs across major asset groups. They also provide traders access to MetaTrader 4 (MT4), MetaTrader 5 (MT5), and their proprietary OctaTrader.
Is it safe to invest in OctaFX?
OctaFX prides itself on advanced protection. They have 24/7 technical environment monitoring with a dedicated team of technical specialists and professional security engineers.
They formed and maintained tier-one protection to prevent any technical issues, such as data loss or damage.
Does OctaFX take commissions?
Octa does not charge any commissions for your trades. They include commissions from MT4, MT5, and OctaTrader in their spreads as markup.
Find the Best Broker for You
Still unsure whether OctaFX is the right broker for you? Learn the pros and cons of OctaFX trading directly from expert traders at CommuniTrade.
Discover whether OctaFX trading is right for you and find other potential brokers that may better suit your trading needs and strategies.
