OctaFX Forex Platform Support Thai Language Minimum Deposit Only $5
What is OctaFX ?
Octa Fx Brokers founded in 2011 is a relatively new company in the forex trading industry. But it has generated positive headlines within a short time. The company is developed in St Vincent and the Grenadines. But its base of operations is in Jakarta, Indonesia. As a result, Octa Fx is primarily focused on the Asian market, although it provides services to more than 100 states worldwide including the United Kingdom through UK Octa Fx . When choosing a broker to register, traders tend to look at the regulatory bodies and awards the company has won Octa Fx.Brokers has compiled a number of major awards including Best Broker Central Asia 2014 and Best ECN Broker Asia 2014. The company profile website has at least 6 awards that have been compiled over the years. And that's not all, as the company has scaled its height to be one of the best in the industry today, as you'll see from this review.
OctaFX or Octa Markets Incorporated is a globally recognized company in Forex trading, with services in 100 countries around the world. Headquartered in England but registered in St Vincent and the Grenadines (island in the Caribbean) in 2011 with License No. 19776 IBC 2011 and licensed CySEC (License No. CySEC372. /18 ), and its contact and legal address is at Cedar Hill Crest Box 1825, Villa, St. Vincent and the Grenadines OctaFX.
OctaFX is a STP/ECN broker with very low spreads starting from 0.2 pips, 24 hours 5 day online support, easy to understand Thai website. There are many rewards from many institutions. There are trading platforms both MT4 and cTrader. Portfolio can be deposited via credit/debit card but at the time of withdrawal cannot be withdrawn via credit/debit card. But it is recommended to apply for Neteller or Skrill because Neteller and Skrill are easy to apply and now almost all brokers can do financial transactions via Neteller and Skrill (see how to apply for Neteller or Skrill ).
Website https://www.octafx.com/
What is OctaFX ?
The selection of assets given is one of the poorest in the brokerage industry today. There are 28 currency pairs with four commodities, ten index CFDs and Three cryptocurrencies, only the MT5 account has all the content. The other two features included a drop. Proper distribution across assets is not possible and the overall options are disappointing and inadequate for all investors.
OctaFX Pros and Cons
strength
- There is a website in Thai, easy to understand and 6 more languages.
- There is online chat in Thai language.
- Spreads start at 0.2 pips.
- Leverage up to 1:500
- no requotes
- There is a 50% bonus promotion
- There are OctaFX Champion Demo Contest, cTrader Weekly Demo Contest.
- There is daily news analysis.
- No commission for deposits and withdrawals
- Micro account, very low spread
- Minimum deposit at $5
- Negative account balance protection is available.
- It is a broker that offers ECN/STP trading.
- Copytrading service
- Trading Tiger Academy
weakness
- (Bonus amount /2 bonus amount divided) standard lot has to be traded in order for the bonus to be withdrawn.
- No VPS
OctaFx Deposit and Withdrawal
OctaFX offers a wide range of instant deposit methods such as Neteller , Skrill , FasaPay, Bitcoin and local banks (Thailand: BBL, BAY, KTB, SCB) with zero commissions. Clients can deposit as little as 5 USD and start trading immediately. Online banking deposits are processed almost instantly. And withdrawals take 10-20 minutes during the working hours of the financial department. The minimum withdrawal amount at OctaFX is only 5 USD.
How to apply and deposit OctaFx
- Click on the OPEN ACCOUNT top right to go to the next account.
Fill in the information required by the system to open an account
FIRST NAME : First Name
LAST NAME : Last Name
EMAIL : Email
PASSWORD : Password -Click
on OPEN ACCOUNT to confirm account opening.
-A link will be sent to us to verify your email to the registered email address. So open your email and click on Confirm to confirm your email.
Enter your details
Country : Country
City : city
Street address : street address
Phone number : telephone number
Birthday : Birthday
Have you traded forex before? : Have you traded forex before ?
- Click on Continue to continue.
- Select the desired platform and select Make a deposit into account to deposit money into the account.
-Choose your preferred deposit method
-Choose the amount you want to deposit -Click
on Continue to continue
-Select the bank you wish to pay -Click
on Confirm to continue
# The next step will be a normal bank payment. You can make the transaction yourself. Each bank will be different.
Verification OctaFx
- Click Not verified on the top right of the page to verify your identity.
-Choose your Id type -Click
on Upload front side/main page to upload the front of the document -Click
on Submit request to submit a confirmation document.
# Your documents are being reviewed. It usually takes about 12–24 business hours. We'll notify you via email once verification is complete.
Using OctaFx
-Click on TRADING and choose your preferred trading platform.
Fill in the information to login
Login : Enter your customer code
Password : Enter your password
Server : Choose trading type
Platform : Choose a platform
-Click on OK to login.
After logging in You will be taken to the MetaTrader platform, where you will see a chart showing a currency pair. at the top of the screen You will find menus and toolbars. Use the toolbar to create commands. change time frame and access to analytics tools
Market Watch is on the left. This will display a list of currency pairs with Bid (Bid) and Ask (Ask) prices.
The ask price is used to buy the currency and the bid price is for sale. Below you will see Navigator where you can manage your account. Plus, you can add analytics tools, Expert Advisors and scripts.
At the bottom of the screen you'll find the Terminal, which has several tabs to help you keep track of recent operations, including trades, account history, notifications, expert inbox, logs, and more. Openable in the Trade tab include the ticker symbol, trade entry price, Stop Loss level, Take Profit level, Closing price and Profit or Loss. The Account History tab collects information from the actions taken. including closed orders
The chart window shows the current market position and Ask and Bid lines. You have to press the New Order button in the toolbar. Or right-click on the pair in Market Watch and select New Order.
In the opened window you will see
-Symbol set to the currently trading asset will automatically show on the chart. To select another asset You must select from the drop-down list
-Volume, which means lot size 1.0 equals 1 lot or 100,000 units OctaFX Profit Calculator -You
can set Stop Loss and Take Profit at once. or modify trades later
-The order type can be either Market Execution (market order) or Pending Order (pending order), where the trader can specify the desired entry price
- To open a trade You must choose to click between the Sell by Market or Buy by Market buttons.
Orders are opened at the Ask price (red line) and closed at the Bid price (blue line). The trader buys at a lower price and sells at a higher one. Sell orders are opened at the Bid price and closed at the Ask price. You will want to sell at a higher price and buy at a lower price. Open orders can be viewed in the Terminal window by clicking the Trade tab. To close the order You need to right-click an order and select Close Order. You can view your closed orders in the Account History tab.
# This way you can open trades in MetaTrader 4 once you know the purpose of each button. Trading on the platform will be easy for you.
OctaFx withdrawal
- Click Withdraw the right to withdraw moderation pages.
-Choose the payment option
-Click on Next to continue
-Click to select the recipient's bank
-Fill in the recipient's bank account number -Recipient's
name: It will automatically appear.
-Enter the amount you wish to withdraw : the system will be charged from your trading account -Enter
PIN : This PIN will be in your email. When you apply for a trading account with OctaFX, the broker will send it to you. You go back and look in your email again
- Click on Request to send a withdrawal request.
- Double check your withdrawal information. Is it correct? -Click
on Submit to confirm the withdrawal.
# Withdrawals, you can only withdraw funds in the same currency used to fund your account. Please note that withdrawal requests can take up to 3 business days, but usually It will take about 1 – 3 hours and the money will be credited to your account.
OctaFx Summary
The bonus 50% of each deposit is a key driver in attracting new traders from emerging markets with a focus on Southeast Asia. Traders should be aware that OctaFX has not taken any steps to ensure a safe trading environment. Since 2016, it has undergone dramatic and shocking changes with a management overhaul that has turned this broker into an organization that reliable Traders will find a more suitable trading environment elsewhere. Those who choose OctaFX, even with red flags, should proceed with extreme caution.
Contact
OctaFx FAQ
What is the maximum withdrawal amount?
OctaFX has no limits on the amount of money you can withdraw or deposit to your account. The deposit amount is unlimited and the withdrawal amount cannot exceed the free margin.
Can I deposit/withdraw multiple times a day?
What is your IB commission?
We pay up to 12 USD per lot, the amount of IB commission paid is on a case by case basis.
