Octa (formerly OctaFX) is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services already utilized by clients from 180 countries with more than 42 million trading accounts.

Regulation

Spanning across the globe, Octa is subject to regulation by several authorities, including the FSCA, MISA, and CySEC, reflecting the diverse regulatory landscape governing the activities conducted by Octa.

Here is the list of licenses which Octa has:

1. Octa Markets Cyprus Ltd. is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 372/18.
2. Octa Markets Ltd. is authorized and regulated by the Mwali International Services Authority (MISA) with license number HY00623410, and international brokerage and clearing house license number T2023320.
3. Orinoco Capital (Pty) Ltd. holds a Financial Service Provider (FSP) license number 51913 from the Financial Sector Conduct Authority (FSCA) in South Africa.
   
   

What traders value about Octa

• Fast withdrawals 24/7. More than 90% of them are credited within 3 hours. Octa accepts all the most popular payment methods, including local bank wires, instant bank transfers, cards, Neteller, Skrill and other methods with very fast processing times. For details, please visit the site.
• Low spreads. Octa offers floating spreads starting at 0.6 pips. During promotions, the spreads can be up to –15% lower.
• Global recognition, approved by 70+ international industry awards in 180+ countries. Octa has been named the 'Most Reliable Broker Asia 2023' award from Global Forex Awards and the 'Best Forex Broker 2023' award from AllForexRating.com.
• Up to 273 trading symbols, including currencies, metals, energies, and indices, among others.
• No charges at all. No commissions, no overnight or trading charges. Octa's profit is already included in spreads as a markup. All the profit you make is yours.
• Space to help you make the best possible decision at any moment. It’s a smart feed with customized content: relevant trading ideas and deep analysis. Built into the trading ecosystem, it shows you good ideas – try it, and you won’t miss any worthy opportunities.
• Quick and intuitive trading platform equipped with Space, a smart feed with trading ideas and deep analysis, and powered up with price alerts and instant trading notifications.
• Security. Octa enforces strict security measures, including 128-SSL encryption and adherence to AML/KYC standards, to safeguard client data and funds. Withdrawals are limited to deposit methods for added security, and though verification may be inconvenient, it's essential for preventing fraud and ensuring trader safety.
• Involved Customer Support 24/7. Our team is there to help at any time. Human support in Hindi and English will get you answers in under 2 minutes.
• Education for the best results. Traders who learn with Octa tend to have better results in the long term.
  
  

Where to trade with Octa

Octa offers a variety of trading platforms, including MetaTrader 4 and MetaTrader 5, which are known to every trader. Trading is available on mobile, desktop and web platforms.

Octa trading app is quick, offering low spreads, fast withdrawals, and a 0% commission. A clear and user-friendly interface is perfect for every trader who values comfort. Exclusive content in Space, a smart feed, will help you make the best decision at any given moment – it features deep market analysis and relevant trading ideas you can use instantly as they are integrated into the trading terminal. Also, Octa has one of the best no-slippage levels in the market – 97.5% of the executed orders.

The online desktop trading platform features the same benefits as the mobile apps: quick response, fast order execution, fast withdrawals, and 24/7 online support. Trades you open in the app and on the desktop platform are automatically synchronized, so you can easily switch between the devices.

Security

Octa prioritizes strict client funds security rules.

Online data is protected with 128-SSL encryption, which is a protocol that uses a key of 128 bits in length and is considered very hard to crack.

AML/KYC. Octa follows international regulation standards on Anti Money Laundering and Know Your Customer procedures to verify the identity of its clients and prevent illicit activities. All global brokers must adhere to these policies.

Money transfers. Even if unauthorized access occurs, such as losing your device, withdrawals are restricted to the methods used for deposits. While this might seem inconvenient at times, it's essential for ensuring the security of your money.

Verification. Traders may find the verification process inconvenient, but it plays a crucial role in ensuring their safety. It serves to prevent money laundering through KYC/AML policies and safeguards against anonymous withdrawals, protecting traders from potential theft. Verification doesn't have to be done immediately upon registration, and traders can initiate it at their convenience.

Space

Space is a smart feed with timely analysis of your favorite trading instruments. What asset to trade now? Where to set Stop Loss and Take Profit? It helps you make informed decisions and control your results. You can compare trading ideas, read explanations, and use global experience even if you’re a beginner. With Space, you'll never miss good ideas.

Daily fundamental analysis

Every trader values relevant info. With Octa, you’ll get a clear and concise fundamental analysis from Monday to Friday delivered to your inbox. Which assets will be volatile? Which market events will affect the market? It’s not about long, plain copies. Only the most important things, so you don’t miss any events that might affect your profit.

The most popular trading assets at Octa

• Forex: EURUSD, GBPUSD, USDJPY, GBPJPY, USDCHF, AUDUSD.
• Indices: NAS100, US30, GER40, SPX500, JPN225
• Metals: Gold XAUUSD, Silver XAGUSD
• Energies: crude oil XBRUSD, gas XNGUSD

Octa has good educational and training tools for beginners as well as expert traders. According to Octa's data, traders using educational content tend to achieve better results. The broker's focus on providing comprehensive education, assuring its clients' best understanding of the market, has resulted in two 'Best Education Broker 2023' awards from Forexing.com and Holiston Media.

• Forex Basic Course: short videos about Forex basics, available in English. Good for beginners
• Weekly webinars and live trading sessions
  
  

Contests, offers, and affiliate programs

• Deposit bonus. You can get a 10% to 50% bonus on every deposit. In times of special offers, the broker offers a 100% deposit bonus.
• Trade and Win program. You collect prize lots for trading with Octa and spend them on iPhones, other gadgets, and merch packs in the Octa Trade and Win gift collection.
• Champion Demo Contest. Trade on a demo account, get in the top 5 with the highest balance by the end of the contest round, and win up to USD 500.
• Invite friends to trade and get USD 1 for every lot they trade (see broker website for details).
• Status program offers new benefits at every level, such as lower spreads, trading signals by Autochartist, more expensive gadgets in the Trade and Win collection, a personal manager, and more.

Support and Contacts

Live Chat and Email are available 24/7 in Bengali, Chinese, English, Hindi, Indonesian, Malay, Portuguese, Spanish, and Thai languages. Office correspondence at: Bonovo Road – Fomboni, Island of Moheli, Comoros Union.